More NFL Players Are Saving Their Money

Speaking on Friday on CNBC’s “Power Lunch,” NFL player Carl Nassib laid out his savings plan, proving that more and more NFL players are watching their money carefully.

The Tampa Bay Buccaneers defensive end said that his rule is to “live below his means and put money away for the future.”

The NFL player likes to use investments readily available to average Americans, such as index funds and even has a strict monthly budget.

According to Nassib, younger people “have a much larger time span to invest, so I think with long-term investing, index funds are a great tool.”

“I didn’t want to pay someone to manage my own money, so it took a while, but I educated myself,” he explained.

“I try to get at least to where I have $400 or $500 miscellaneous spending, and then everything else is accounted for,” Nassib said.

Despite making millions, Nassib has a strict monthly budget of $3,500 during season and $5,500 a month during off season.

Nassib had been drafted by the National Football League in 2016. He started his career with the Cleveland Browns and then began to play for Tampa Bay in 2018.