Personal Finance Links Football is Back Edition

It feels good to have the NFL back in gear. Of course my wife is of the opposite mind. If only I could get her to like football as much as she likes baseball.

I have been spending more time that I should reading about the Patriots. (For those who are new to this blog, I grew up in Boston and sat through many very, very bad seasons). I noticed a few articles about Bill Belichick, the coach the nation loves to hate. I think the nation would feel differently if they saw him practically cry at Tedy Bruschi’s retirement. Here are a few lessons that could be taken from stories that I read just this week:

  • Respect Your Elders – In this Yahoo Sports article, we find that Belichick extended a lot of understanding to a veteran player, Roman Phifer, who had some family problems to deal with. Phifer became a key player in the Patriots first Super Bowl run. However, what I liked best was the Quick Slant section after the first one where it was reported that Belichick snapped at a recent draft pick: “Brandon, what the [bleep] do you know about the NFL?” In other words, you have to earn your stripes
  • Belichick is the Beatles – This is more of a detailed schema of how Belichick has been successful. There’s a lot about preperation and being flexible… qualities that can you outside of football.
  • There’s hope for me in football yet – “To work for Belichick, you just have to be smart enough to excel outside football — and obsessed with applying that intelligence to the sport. You have to be self-motivated and not stuck in your ways. And above all, you must be grateful for the opportunity, despite the tiny salary.” Check, check, and check. Bill, I’m ready and waiting…
  • Belichick Knows His Personal Finance – The Patriots made a big move that surprised nearly everyone in the NFL. They traded one of their better players, Richard Seymour, for what looks to be one of the best draft picks in 2011. Seymour will be 30 this season though (getting a little old for the NFL) and his contract expires after this year (he can simply go to another team). Seymour has had some injuries the last few years. When asked about the trade, Belichick said it was in the best long-term interest of the team. Meanwhile Oakland seems to be happy to get better now. Unfortunately, one player is unlikely to take the team from 5 wins to 10 or 11 wins necessary to make the playoffs. It’s these kind of moves that the Patriots make that seem to provide great talent in the future. It’s like investing for the future.

With all that football stuff out of the way, let’s get to the personal finance links:

Money Writers:

Financial Posts of the Week

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