Steve Smith advice to athletes who over spends money

Steve Smith Sr. of the Baltimore Ravens appeared
on ESPN's Mike & Mike show where he discussed
how he believes professional athletes can avoid
blowing through their millions and going broke.
When asked what message he had for athletes in
the league right now, Smith says, "My philosophy
is, what you say yes to today, you are saying no
to many times tomorrow. What you say no to
today, you'll get to say yes to many more
tomorrow."
So what does that mean? Steve Smith explains,
"If you can pay for it in cash, then do it. When
you have to go out and buy a big expensive item
in cash, you have to decide where you're pulling
the money from. What stocks, what mutual
bonds, what investments do you need to cash in
to do that, and is it worth it in the long term?
You'll end up saying no to a lot of things and
when I do say yes, it's strategic."
He makes a decent point but I feel like that is
something that doesn't work for all personality
types. Many of these Ballers don't have their
money invested in the first place, so determining
what stock they'll have to sell isn't a concern.
The idea of paying cash over credit is on point

Listen to what he said in the video

though.