As of February 2019, Carl Nassib’s net worth sat at $1.5 million, much of it being thanks to the first contract he signed as a rookie.
The outside linebacker joined the NFL in 2016 after being drafted by the Cleveland Browns, signing a contract worth $3.6 million to play for the Cleveland-based side. The deal brought with it an enviable salary, with the player taking home $889,752 annually.
It’s a big change from being a college player to an NFL star, don’t you agree? Turning pro comes with the money bags, and with his contract, this is exactly what happened in Nassib’s case. Luckily for him, he didn’t let the massive influx of cash get to his head.
Speaking to CNBC Make It, the 26-year-old admitted as much. As he revealed, his thought process was tuned to what smart decisions he could make now that he was considerably richer than he had ever been before.
He also said that he was more focused on making a name for himself in the sport, and opposed to how much bank he had. Three years into his professional career, you have to agree that the young man’s focus hasn’t wavered one bit, right?
In September 2018, Carl Nassib switched camps, and he currently plays for The Bucs (Tampa Bay Buccaneers). Just as great as the move has been for the player out on the field as team captain, so has it been for his bank account. When it comes to base salary, Nassib now takes home a cool $2.03 million.
With even more money streaming in, you’d forgive him if he went a bit overboard on his expenses, no? Fortunately, Nassib doesn’t need forgiving. He is still the frugal young man that he was three years back, spending a maximum of $3,500 for his regular monthly expenses such as food, utility bills, and rent. For miscellaneous expenses, Nassib sets aside a maximum of $500.
The star says that he saves as much as 85% of his entire earnings, and that’s even more than what Shaq O’Neal advises professional basketballers to save. Still talking to CNBC Make It, he says that the tries as much as possible to lead a relatively normal life, one that is within his means.
The man is particularly proud of himself this year, especially after switching teams. He says that the move has made his expenses in the new city really low, even after factoring in how much it cost him to move from Cleveland.
If we’re being honest, saving requires a certain amount of discipline, whether you earn millions or the average $56,500 for an American household. Nassib says as much, adding that it also requires you to be honest and completely true to yourself.
The team captain seems to be a financial expert of sorts, especially because he goes on and on about the financial mistakes most people make. He says that we tend to lie to ourselves about how dire our financial situation is, going even as far as avoiding making a budget so as to not confirm how much we spend.
Unfortunately, this isn’t the way to go. Nassib insists that it is necessary to monitor your spending, revealing that his bank sends him weekly updates on his balances.