Why NFL player Ryan Broyles lives like he made $60,000 last year, and not $600,000

With the Super Bowl a week away, you’ll be reading a lot about the skillsets of members of the Denver Broncos and the Carolina Panthers. But a member of last season’s Detroit Lions has been in the news since the pre-season for something he’s achieved off the field.

There are a lot of professional athletes featured in news stories and documentaries because they’ve squandered — or been bilked out of — millions of dollars. But Ryan Broyles is not one of them. So far he has played in the NFL for three years, but regardless of how many more years he plays, he is living a lifestyle that will keep him wealthy for the rest of his life.

Broyles, who was a wide receiver for the Lions between 2012 and 2014, spoke with MarketWatch about his spending habits, his work ethic and the importance of keeping a budget. At one point, while talking about the specifics of his budget, he said he wanted to make it clear that what he does works for him, but that he understands everyone’s situation is different. “I’m not Dave Ramsey or Suze Orman,” he said.

http://www.marketwatch.com/story/nfl-player-ryan-broyles-has-made-millions-but-still-uses-groupon-2015-09-17?link=MW_home_latest_news

Meet the most frugal dude in the NFL: https://t.co/9No0CAoqx3

— MarketWatch (@MarketWatch) January 31, 2016

40% of millennials have used a pawnshop or payday lender

It’s no secret that today’s 20- and 30-somethings are skittish about the financial system.

Watching their parents and grandparents lose a big chunk of their retirement savings during the Great Recession has not exactly endeared them to the stock market. And they’re wary of asking financial advisers, for, well, financial advice, and instead turn to apps, blogs and social clubs.

But that fear apparently doesn’t extend to the alternative financial system. More than 40% of millennials used a payday loan, pawnshop, tax refund advance or other alternative financial product in the past five years, according to a survey of more than 5,000 millennials released Thursday by tax and consulting firm PricewaterhouseCoopers and the Global Financial Literacy Excellence Center at George Washington University.

http://www.marketwatch.com/story/40-of-millennials-have-used-a-pawnshop-or-payday-lender-2016-01-07