Chad ‘Ochocinco’ stashed away 83% of his NFL salary by buying fake jewelry and sleeping in the stadium — here are 5 simple ways to preserve your wealth at an all-star level

Chad Johnson, former wide receiver for the Cincinnati Bengals and New England Patriots known as “Ochocinco” due to wearing the number 85 jersey, is making headlines for discussing his frugal spending habits. He made nearly $49 million over 11 seasons in the NFL and saved 83% of his earnings.

Many NFL stars have gone broke after falling prey to the extravagant culture and career-ending injuries. Instead, Johnson chose to wear fake jewelry, lease exotic cars and fly budget airlines to save money. He even admitted to living in the Bengals’ stadium for two years to avoid spending money on housing. “Everybody’s caught up in image, looking a certain way and being rich,” Johnson said. “It’s pointless.”

For more information see Bethan Moorcraft “Chad ‘Ochocinco’ stashed away 83% of his NFL salary by buying fake jewelry and sleeping in the stadium— here are 5 simple ways to preserve your wealth at an all-star level” Yahoo! Finance, June 7, 2023.

Special thanks to David S. Luber (Florida Probate Attorney) for bringing this article to my attention.

https://lawprofessors.typepad.com/trusts_estates_prof/2023/06/chad-ochocinco-stashed-away-83-of-his-nfl-salary-by-buying-fake-jewelry-and-sleeping-in-the-stadium-.html