E01: How Tyrell Adams Built an Empire Off the Field After Being Cut 14 Times

Beyond the Game: Wealth Mastery for Athletes

While the average salary in the United States is less than $60,000 per year, even practice squad players in the NFL earn around $150,000 per year, well above the average income. Despite the seemingly large paychecks, it's crucial for players to prepare for life after sports, considering the short-lived nature of sports careers. In today's episode, former NFL linebacker Tyrell "TA" Adams discusses his journey of being cut from 14 teams over eight years, his entry into real estate investing, and his commitment to giving back through a foundation. TA emphasizes the importance of building relationships off the field, shares insights on creating passive income streams, and offers advice for fellow athletes.

Here are some power takeaways from today’s conversation:

• Football career path and transition from safety to linebacker
• TA’s NFL draft experience and overcoming self-doubt
• Financial management and avoiding bankruptcy in the NFL
• About the Tyrell Adams Foundation

Episode Highlights:

[05:04] Tyrell’s Football Career Path

• Tyrell had a unique career path in the NFL. Starting as a practice squad player and being cut from 14 different teams over 8 seasons, he faced the challenges of staying in the league. Despite going undrafted, he signed with the Seattle Seahawks but was ultimately released. He continued to persevere, moving between various teams and often returning to the practice squad. Tyrell's strong work ethic and determination kept him going through the instability. Even when he finally found stability and playing time with the Indianapolis Colts and New Orleans Saints later in his career, he knew the unpredictable nature of the NFL and understood the importance of preparing for life after football. These experiences shaped his mindset, emphasizing the need to seize opportunities both on and off the field.

[18:45] Tyrell’s Journey into Real Estate Investing

• Driven by his desire for long-term financial stability, Tyrell connected with a college roommate already involved in real estate. He observed their first investment property deal and gained the confidence to join in. Starting with a residential property in Columbus, Georgia, Adams expanded his portfolio, eventually venturing into commercial buildings alongside his friend. Despite the progress in his football career, he remained dedicated to learning and gaining practical experience in real estate, establishing sustainable income beyond football. His initial investments have grown substantially, laying the groundwork for ongoing success in real estate and other ventures.

[24:07] Avoiding Bankruptcy and Being Part of the Statistic

• Determined to avoid financial pitfalls in his NFL career, Tyrell Adams lived below his means, resisted temptations of luxury, and chose affordable accommodations during practice squads. He closely monitored spending, even amidst tight finances, investing in real estate deals. Surrounding himself with trusted advisors, Adams exemplifies financial discipline and long-term stability.

[33:17] The Tyrell Adams Foundation

• The Tyrell Adams Foundation, established by Adams, aims to make a meaningful impact on his community. Focusing on mentorship programs for youth, Adams organizes events such as Thanksgiving and Christmas drives to inspire and motivate young men. He also takes groups of boys from his former high school and college to conferences with influential speakers. The foundation supports high school seniors with care packages for their dorm rooms, recognizing the challenges of transitioning to college. To sustain its work, Adams hosts an annual charity golf tournament. Through his own experiences, both on and off the field, Adams strives to provide guidance and inspiration to youth as they navigate life.

Resources Mentioned:

Tyrell Adams Foundation