Abstract/Details

Retired National Football League players' perceptions of financial decisions made: A phenomenological study


2010 2010

Other formats: Order a copy

Abstract (summary)

The purpose of this qualitative phenomenological research study was to examine the lived experiences and perceptions of 25 former National Football League (“NFL”) players regarding the financial decisions they made when active as players for information that could lead to an appropriate model for making good financial decisions. Determined in the qualitative phenomenological study were the influential factors identified by the participants in the study that focused on financial decisions made by former NFL players. The study revealed five themes: (1) wealth enablers, (2) wealth killers, (3) challenges, (4) attitudes, and (5) wealth weak spots. The results of the study might help current and future NFL players become better-equipped to face the unique financial challenges that come from life as professional athletes. NFL, union, and team leaders should improve the way retired ballplayers are handled with regards to disability and injuries and NFL pension benefits, and NFL leaders should continue to enhance the educational programs offered to NFL players with regards to their careers after football and education about money. Professional advisors should fully understand the phenomenon of their clients being NFL players, actively guide and teach their clients about money, and do the right thing with regards the financial advice dispensed. NFL players should take to heart these nine financial tips: (1) realize that the career is short (NFL = Not For Long), (2) take it slow, play it low…be conservative and humble, (3) consult trustworthy professionals, (4) set a budget, beat it, and save, save, save, (5) educate yourself about your finances, (6) learn to say “No” to friends and family requests for money, (7) prepare yourself for your 2nd career, (8) you can't go wrong with your 401(k), safe investments, and a modest home, and (9) wait to select a mate.

Indexing (details)


Subject
Sports Management;
Finance;
Business education;
Studies;
Professional football
Classification
0430: Sports Management
0508: Finance
0688: Business education
Identifier / keyword
Education; Social sciences; Financial decisions; Football; National Football League; Personal finance; Professional athletes; Retired
Title
Retired National Football League players' perceptions of financial decisions made: A phenomenological study
Author
Karaffa, John Edward
Number of pages
385
Publication year
2010
Degree date
2010
School code
0850
Source
DAI-A 71/09, Dissertation Abstracts International
Place of publication
Ann Arbor
Country of publication
United States
ISBN
9781124157146
Advisor
DeNigris, John
University/institution
University of Phoenix
University location
United States -- Arizona
Degree
D.B.A.
Source type
Dissertations & Theses
Language
English
Document type
Dissertation/Thesis
Dissertation/thesis number
3417794
ProQuest document ID
746038792
Copyright
Database copyright ProQuest LLC; ProQuest does not claim copyright in the individual underlying works.
Document URL
http://search.proquest.com/docview/746038792
Access the complete full text

You can get the full text of this document if it is part of your institution's ProQuest subscription.

Try one of the following:

  • Connect to ProQuest through your library network and search for the document from there.
  • Request the document from your library.
  • Go to the ProQuest login page and enter a ProQuest or My Research username / password.