Marshawn Lynch (Photo: Michael Morris via Wikimedia Commons) Marshawn Lynch (Photo: MichaelMorris via Wikimedia Commons)

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Seattle Seahawks running backMarshawn Lynch and his remarks on retirement have captivated manyin the industry. "Marshawn Lynch's financial advice is deliveredbetter than anything I've ever said in 12 years of blogging lol,"said Ritholtz Wealth CEO Josh Brown onTwitter.

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At a press conference after theSeahawks lost to the Green Bay Packers in the playoffs, Lynch said:"If they was me, or if I had the opportunity to let these young[guys] know something, I'd say take care of your money, becausethat s— don't last forever. Now, I done been on the other side ofretirement, and it's good when you can get over there and you cando what …  you want to."

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(The video tweeted by ESPN'sSportsCenter has millions of views.)

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"I'll tell y'all right now whiley'all in it, take care of y'all bread. When y'all done, go aheadand take of yourself. While y'all at it right now, take care ofyour bodies, take care of your chicken, take care of your mentals,because look, we ain't lasting that long," said Lynch, using aslang term for money.

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"I had a couple players that Iplayed with that are no longer here. So start taking care of yourbodies, your mentals and your chicken. So when you're ready to walkaway, you walk away and be able to do what you want to do,"explained Lynch, who works with UBS advisor PeterBorowsky. 

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Lynch, who played for theUniversity of California-Berkeley before joining the NFL, hasearned more than $55 million, according to Sports Illustrated. Healso started a Beast Mode clothing brand and otherventures. 

Lynch's financial advisor 

"Marshawn Lynch is a financiallywise NFL player," Borowsky said in an interview with BenefitsPRO'ssister publication ThinkAdvisor earlier this year. "He's a smartguy and has been smart with his money. He also tries to help histeammates and others be successful in life."

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Lynch has moved in and out ofthe NFL in recent years and hence "has seen retirement in action,"Borowsky explained. "He understands the transition better thananyone in the NFL, since he's done it twice."

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"Now he lets everyone know that life can begreat in retirement, but you've gotta take care of your money, mindand body. It's great advice, and he practices what he preaches,"Borowsky said. "This is likely going to have a very large impactfor the NFL community."  

Marshawn's Message

"His remarks were glorious,"said Evan Shear, an advisor with CrossleyShear WealthManagement, affiliated withRaymond James' independent channel and recognized by the NFLPlayers Association as a Registered Player FinancialAdvisor.

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"What he said matters as lots ofyoung players look up to him. For him to come out and say 'takecare of your stuff now, because you don't know when retirement isgonna hit you — be prepared' is important," Shear explained in aninterview. 

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"The average time for a playerin the NFL is 3.5 years," Shear said. "Not all of them get to signa contract like Tom Brady."

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The advisor added that someagents tell draftees that with signing bonuses of $300,000 to$500,000 they don't need to worry or work with advisors. "But thatis negligence. They've got to plan early, so they can have moneywhen they leave the game," said Shear, noting that he's been tryingto spread the message on Twitter.

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Janet Levaux

Janet Levaux, MA/MBA, is Editor in Chief of ThinkAdvisor & Investment Advisor. She's covered the financial markets since 1991 and advisors since 2005. Janet studied at Yale, Johns Hopkins SAIS and St. Mary's College of California. She's also lived and worked in Asia, Europe and Latin America, raised two sons, and won a Neal Award for top news coverage in 2020.