Former NFL Star Phillip Buchanon: The Naked Truth Behind Success [Exclusive/Photo]
By Angel L. Quiles Jr.
The United States of America is built on the ideal that if you work hard you can be successful. What about the challenges behind becoming successful? What happens when you actually reach the sky that is supposed to be the limit? Former NFL star Phillip Buchanon was faced with this conundrum, and his answers are as jarring as the hits he laid on the field. In his new book New Money Staying Rich Phillip describes the trials and tribulations of the young rich athlete.
Phillip was a part of one of the most successful college football programs in the history of the sport, the Miami Hurricanes. During his time at Miami the team won a national championship, and he was highly touted as a professional football prospect. His talent at the cornerback position got him drafted 17th in the first round of the 2002 NFL draft. He landed a 5-year contract worth 12 million dollars. An amount of money that would make any 21 year old build more saliva in their mouth than a hungry man waiting for a steak. However, his main dish became more than he bargained for.
Going from poor to rich overnight became a burden that he was not ready for. Before putting ink on his first contract he was already in harms way and one million dollars in the hole.
When I was in Miami I had already created some bad habits… If you wanted to have fun you had to spend money… When I had money I wanted to go buy some new shoes… So I knew how to spend but not save