I can’t believe I haven’t written about my relatively new financial crush hero, well luckily he is back in the news so I have a chance to write about him now. I can tell you while I respect the standard people that are usually named, but this guy encompasses my goal and is completely unfiltered in expressing his position in life. It is no other than Carson Palmer. It should be noted that while I am a big football guy, I am not a football fan of Carson Palmer or the Bengals for that matter.
Why is Carson Palmer Back in the News?
Unless you have been living under a rock for the past week you have heard that the NFL lockout has ended, and moves are being made by both sides. Some veteran players are getting dropped by their team while some players are holding out for more money. Carson Palmer is doing neither, instead he is publically pleading for a trade.
However, the owner of the Cincinnati Bengals won’t trade him, so Carson is left with two choices retire or play. The owner of the Bengals was quoted in a local paper being very reasonable,
Asked why he wouldn’t trade Palmer and get some draft picks in return, Brown (Bengals’ Owner) said it was a matter of principle.
“Carson signed a contract. He made a commitment. He gave his word,” Brown said. “We relied on his word. We relied on his commitment. We expected him to perform here. He’s going to walk away from his commitment. We aren’t going to reward him for doing it.”
Sounds like Carson is sort of being a baby, right? I kind of agree with that sentiment but it was a quote that Carson said a year ago on a little local radio station that started my financial crush fascination.
Why is Carson Palmer My New Financial Hero
When this firestorm started months ago Carson Palmer was quoted as saying,
I have $80 million in the bank
I don’t have to play football for money. I’ll play it for the love of the game but that would have to be elsewhere.
Re-read it. And Once More.
He is working because he wants to and will continue to do so on his terms. Carson Palmer is so financially free he literally told his boss, I am not going to work for you any more.
I tried to dig around to see if I could find out what Palmer is invested in/businesses started but it seems like he is a pretty private person. His contract, however, is highlighted on SportRac:
So it is likely he is spending a “normal” amount of money but making an extreme amount of money and investing the difference.
Will I have $80,000,000 in the bank or in a business one day? Very very unlikely. Does Palmer have $80,000,000 in the bank? Probably not but he has enough to tell his boss what he wants and if I could have just a sliver of that and have the ability to work when and how I want to…that’s the goal!
Do you have an unlikely financial hero? Can Palmer be a Financial Hero or just a cry baby that is going to take his proverbial ball and go home?