Financial Suggestions for the First NFL Rookie Paycheck - Financial Suggestions for the First NFL Rookie Paycheck -

Monday, May 21, 2012

Financial Suggestions for the First NFL Rookie Paycheck -

Financial Suggestions for the First NFL Rookie Paycheck -

With the contracts given to NFL rookies, the possibilities are limitless for their first purchase.

Nearly all of the draft picks in the 2012 NFL draft, if not all, will become instant millionaires once they sign their contracts with their respective teams. And that means that they have a big decision to make about what they'll buy with that first paycheck.

Most people would put money down on a house, but for the sake of being rich, why not go all out? After all, the players are making a transition from being a college student to a professional athlete, and that's quite the lifestyle change. 

I can't fathom what it's like to make the kind of money that these NFL rookies will make, but rest assured, I've thought about what I would buy if I had it. 

So NFL rookies, take it from a dreamer; you want to make a statement with your first purchase. 


Brand New Car

Everyone loves a nice car, so this is a good place to start. 

I'm talking about the top-of-the-line Ferrari or whatever your dream car may be. You're big-timing now, so when you arrive on the scene, your car has to reflect your image. 

Some of the NFL rookies are single, and knowing that they're going to a new city, having a nice ride is certainly a nice way to pick up women. And if you're not looking for women, you might want to buy something that's going to make you happy. 


Jet Ski

They say money doesn't buy you happiness, but I've never seen anyone frown on a jet ski before.

Have you? Because if you have, please let me know, and I'll admit that my point is invalid. But I'm 100 percent confident that I'm right about this one. 


Invest It

The responsible young adult in me won't let me mention these wonderful toys without bringing up another option.

Sure, cars and jet skis will offer a good time, but investing your money would be the responsible thing to do. This might be the best choice, but then again, investing your money isn't near as fun as pissing it away.


Take Your Teammates Out

And when it comes to blowing your money, taking your new teammates out on a night on the town is a fine way to do so.

You're the new guy on the scene, so you need to start bonding with your new team immediately and earn their respect and trust. Show your new teammates that you're one of the boys, and that bond you create that night will transfer over to the field in time.

When it comes down to it, it's the only logical option. 

As business suffers, David Cameron retreats - Daily Telegraph

Taken together, these two factors deter employers from recruiting new staff and hinder businesses from developing the higher productivity on which sustainable growth depends. And far from making things better, the past decade has seen a steady increase in the level and complexity of employment law. Beecroft’s report would have reduced the amount of regulation in a comprehensive and principled way – and, by doing so, would have introduced new certainty and confidence.

That confidence matters, because businesses are far too short of it at present. British businesses collectively hold about £750 billion in cash. To reach its fiscal targets, the Government needs a steep rise in investment – the rate at which they spend that money. Speaking last week, David Cameron said that he leads “a Government resolutely committed to being on the side of enterprise, entrepreneurs, businesses large and small, wealth creation of all types and descriptions”. To many, that is clearly not the case. A full-blooded Beecroft Review would reassure such people, just as a pale imitation would reinforce their concerns.

Taking a step back, today’s news adds to a sense of unease about what the Coalition is actually trying to achieve. This is a Government that claims to have deregulation at its heart, fired by a Tory belief in free markets and a Lib Dem distrust of central direction. It has a policy to stop the growth in regulation (so-called “One In, One Out”) and to reduce the stock of it (the “Red Tape Challenge”). In general, it is supposed to have rejected an old approach based on more debt and higher state spending, and to be looking for real growth via higher productivity.

Recently, however, we have seen a weakening in the Government’s position. Last autumn, the Chancellor pushed his deficit reduction target from the end of this Parliament into the middle of the next. Last week, the Prime Minister hinted at new borrowing to finance infrastructure – exactly the way that Gordon Brown justified his record spending increases. At the same time, the retreat over the NHS has cast a long shadow over the Coalition’s commitment to public-service reform, and its changes to the planning system are taking much longer than expected.

In recent days, the Prime Minister has urged his European counterparts to take action by saying that the eurozone is “at a crossroads”. He should hold his own Government to account in the same terms. Given the challenges facing the country, it is surprising that he needed an independent report to propose changes to employment law at all. Now that he has it, it will be remarkable if he does not implement it – and then keep up the pressure.

Mr Cameron is right that the country’s basic economic problems are due to poor productivity rather than lack of government action. He will know, however, that the contrary view is growing in popularity (and, indeed, capable of winning elections in other countries). The more his policies focus rigorously and consistently on improving the efficiency of the economy, the more successful they will be.

Andrew Haldenby is director of the independent think tank Reform

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Stocks start week on firmer footing - Financial Times

STOCKS NEWS EUROPE-Goldman likes quality, despite expense - Reuters UK

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