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chad johnson

Bengals wide receiver Chad Johnson in 2006.

A startling number of professional athletes face financial hardships after they retire. The big reason is that even though they make a lot of money, the average sports career is relatively short: 3.3 years in the NFL; 4.6 years in the NBA; and 5.6 years in MLB. During that time, athletes often dole out money to friends and family members who helped them along the way and can fall victim to living lavish, unsustainable lifestyles.

After the athlete retires they are likely to earn a lot less money, and if they don’t adjust their spending, they’re in for some serious trouble.

In a candid interview with NFL Hall of Famer and TV personality Shannon Sharpe, Chad Ochocinco (legally Chad Johnson) revealed that he saved 80 to 83% of the $48 million he made in the NFL by faking his lavish lifestyle because it made no sense to him.

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