If you saw the “30 for 30″—then you already know the story.
“By the time they have been retired for two years, 78 percent of former NFL players have gone bankrupt or are under financial stress; within five years of retirement, an estimated 60 percent of former NBA players are broke.”
Former Tennessee Titan, Derrick Morgan, is looking to change that.
Last Friday, Morgan spearhead a financial conference called “I AM Nation.” It included guests speeches from the likes of Gary Vaynerchuk and Anthony Pompliano.
When players are in the primes of their career, financial strategy and investing are rarely discussed in the locker room. The event was made to provide a forum for players to learn, network, and open that conversation.
The “I AM Nation” group has put together quite the team. The roster includes Josh Childress, Byron Jones, Stephen Tulloch, Winston Justice, Justin Forsett, EJ Manuel, Vincent Fuller, Kevin Byard, and Spencer Paysinger.
At the event, the conversations revolved around NFTs, real estate, cryptocurrency, and stock trading. Each subsection was given a speaker dedicated to providing valuable information for the group.
“[Athletes] are playing in real cities, with real die-hard fans. Football is one of the great passions of our society. And because of that passion, you can access some really influential people, who will take a meeting with you, who will say yes to doing business with you” Vaynerchuk emphasized.