Personal finance is taught at HBCUs by ex-athletes

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For former NFL player Adewale Ogunleye, seeing someone, let alone an athlete, struggle to manage money boils him to his core.

So he does something about it.

Knowing that his average playing career in the NFL is less than four years, Ogunleye’s “light bulb” moment came during his second year in the league. That’s when he said that a teammate who was a high selection in this year’s draft asked him for a loan.

“I’m looking at this guy who’s thinking, ‘I’m not set up.’ I only had a minimum wage for beginners and you’re asking me for a loan? “I realized there was a problem,” Ogunleye, who played 11 NFL seasons, told USA TODAY Sports.

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Former NFL player Adewale Ogunleye works to help students learn about financial knowledge.

Walter Stith, financial advisor at Morgan Stanley’s Global Sports and Entertainment division, says there is a simple reason to see prosperity grow, and it is based on the average time an athlete has to produce income in a particular sport.

The average career length for athletes in each of the four major North American sports is less than four years.