Herm Edwards Has Great Advice for Rookies on Avoiding Financial Trouble

The more we’ve seen of Herm Edwards on TV, the more we’re convinced he’s a greater orator than he is coach (putting that ridiculous Herminator segment aside). During NFL Live on Monday, Edwards, Michael Smith, Chris Mortensen, and Jason Taylor were discussing tips for rookies entering the League. Herm explained his advice for rookies to avoid financial trouble, and it was pretty hilarious.

Responding to former Defensive Player of the Year Jason Taylor who admitted he squandered some of his money on excess toys, Edwards said “So you didn’t hear my story huh? The one of everything?”

Then he explained his policy.

“One car. One piece of jewelry — not the Mr. T starter set. One girlfriend — you don’t get a girlfriend and wife. One house. You just do one. That’s how you say it!”

Sounds pretty simple but it makes a lot of sense. Certainly the way he said it was funny, but if most athletes stuck to his rule of one, they probably would avoid financial troubles. Too bad Scottie Pippen, Mark Brunell, and Latrell Sprewell didn’t take his advice otherwise they’d be in decent shape.