In the 1990s, football was my life. I was a placekicker for the New York Jets, Seattle Seahawks, and Buffalo Bills. My career highlight was leading the AFC in touchbacks in 1995. For my second career, I chose a profession I already had some experience with – personal finance.
Money will get you out of debt, but it won’t keep you out of debt. Give someone $1 million and don’t teach them how to budget, save, and invest – and I promise you they’ll be down to their last dollar before they retire.
Whenever I tell people they need an emergency fund that can pay their bills for at least three months, they laugh and reply, “Every week, there’s an emergency in my life!” That might seem true, but five tragedies can really sack your finances: Job loss, Divorce, Natural disaster, Serious accident and Heath crisis.