Why NFL veteran Calais Campbell advises young athletes to 'put away 80%' of their income. (via CNBCMakeIt)
that he's learned a lot about the value of budgeting your money. That's why, when asked for financial advice for young athletes, he says he always tells them to "put away 80% minimum."
Defensive End Calais Campbell #93 of the Jacksonville Jaguars waves to the crowd after the game against the Indianapolis Colts at TIAA Bank Field on December 2, 2018 in Jacksonville, Florida. The Jaguars defeated the Colts 6 to 0.Campbell adds that in many situations, young athletes enter the league and "buy everything they ever wanted, then they sometimes look up and they spend a lot more money than they thought." His advice, he says, is to "understand what your budget is.
"When I first got to the NFL, I was doing too much in terms of helping [family]," he says. "A lot of my family members were like, 'We'll just do less because he's helping with more.' Well, that's not what I want. Everybody's situation is different. I'm very close to my family, so I'm going to help them, but I'm going to make sure they help themselves, too.
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