Antonio Cromartie of the New York Jets is accustomed to living it up big time. The player admits that he blew through $5 million dollars in just two years in the NFL and wasn’t concerned at all about his financial future. Cromartie has also fathered twelve children with eight women living in six states. That’s a lot of child support, the kind that could easily land you in jail for non-payment once your knees go bad and you can’t play anymore.
In fact, Cromartie’s team had to give him a $500,000 advance just to pay his child support. We won’t say a word about a person who has that much unprotected s-ex, you can go to HealthyBlackWoman.com to read about that issue.
But the player claims that his financial hardships, self-imposed, have led him to consider a different lifestyle. He doesn’t want to end up going broke like so many other players, so Cromartie says he has let go of his errant ways in exchange for a lifestyle that is more sustainable over the long-run.
“I was out of control,” Cromartie said. “I remember [former Chargers teammate] Quentin Jammer used to tell me to slow down, but I couldn’t do it. I just loved spending money.”
At one point, Cromartie says that he had nine cars, two houses, a ton of jewelry and thousands in cash on hand at all times. He is in the middle of a four-year, $32 million dollar contract with the New York Jets and has now hired a financial advisor to help him get his money situation in order.
“I can tell a lot of things to a lot of clients, but that doesn’t mean they’ll listen and accept what I say and practice that discipline,” said Cromartie’s adviser Jonathan Schwartz.
“[Cromartie] buys into it. He knows that a professional athlete’s earning period is limited, and that the best form of accumulating wealth is not to spend. His peers will go buy Rolls Royces and Ferraris and diamond jewelry, but 25 years from now, Antonio can still maintain his lifestyle, sit at the beach enjoying a cocktail and say, ‘I’ve earned it.’”
Cromartie has transformed into a role model for younger players who don’t yet understand how financial irresponsibility can lead you down a sad rabbit hole.
“I tell the young guys, ‘Don’t spend any money the first year and a half of your career,’” Cromartie said. “You don’t know what will happen after that. You might be released. You might be hurt. Just save your money.”
Good advice. Now let’s hope that he sticks to it.