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By Ethan Wolff-Mann
August 11, 2015
Detroit Lions wide receiver Ryan Broyles speaks during an event at 101 Constitution Avenue with the National Bankers Association, Visa, and NFL players, to educate teens about financial responsibility, March 18, 2015. At the event, teens and NFL athletes Heisman Trophy winner and New Orleans Saints running back Mark Ingram and Broyles, played  Financial Football,  a free educational video game that incorporates football and questions about money management.
Detroit Lions wide receiver Ryan Broyles speaks during an event at 101 Constitution Avenue with the National Bankers Association, Visa, and NFL players, to educate teens about financial responsibility, March 18, 2015. At the event, teens and NFL athletes Heisman Trophy winner and New Orleans Saints running back Mark Ingram and Broyles, played "Financial Football," a free educational video game that incorporates football and questions about money management.
Tom Williams—CQ-Roll Call/Getty Images

Professional athletes are not exactly known for their personal finance acumen. In 2009, Sports Illustrated reported that 78% of NFL players go bankrupt two years off the field. In recent years Curt Schilling, Michael Vick, Mike Tyson, Latrell Sprewell, and Marion Jones (to name a just a few) all ended up in hot water after living far beyond their considerable means. Last week, four-time NBA All-Star Vin Baker made headlines after reports that he was training for a managerial role at a Starbucks outlet.

But while the siren songs of McLaren, Johnnie Walker Blue, Patek Phillippe, and bougie zip codes are as alluring as ever, ESPN’s Michael Rothstein reported that the NFL’s Ryan Broyles is setting himself up to be a personal finance role model.

Over the next four years, the Detroit Lions wide receiver stands to make $3.6 million, or $900,000 per year, but is setting a modest $60,000 annual budget to support himself and his wife and child.

Broyles told Rothstein it was a rookie financial literacy symposium that set him on the path of financial planning and prompted him to study “as much as he could.” After calculating how much money he would need to live comfortably—he and his wife drive Mazdas—Broyles learned how to live with that number and set aside the rest for a rainy day.

With his history of ACL and achilles injuries, there’s a fair chance rain may be in the 27-year-old’s short-term forecast. But Broyles’ financial savvy may contain the seeds of a second career: Since the spring he’s been traveling the country promoting a financial literacy football game to classrooms full of kids.

Read next: 10 Insanely Rich Pro Athletes Humbled by Financial Ruin

Advertiser Disclosure

The purpose of this disclosure is to explain how we make money without charging you for our content.

Our mission is to help people at any stage of life make smart financial decisions through research, reporting, reviews, recommendations, and tools.

Earning your trust is essential to our success, and we believe transparency is critical to creating that trust. To that end, you should know that many or all of the companies featured here are partners who advertise with us.

Our content is free because our partners pay us a referral fee if you click on links or call any of the phone numbers on our site. If you choose to interact with the content on our site, we will likely receive compensation. If you don't, we will not be compensated. Ultimately the choice is yours.

Opinions are our own and our editors and staff writers are instructed to maintain editorial integrity, but compensation along with in-depth research will determine where, how, and in what order they appear on the page.

To find out more about our editorial process and how we make money, click here.

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