NFL Hall of Famer Terrell Davis reveals his biggest money mistake — and what it taught him

Do your homework before investing, Terrell_Davis says. Here’s the NFL Hall of Famer’s biggest money mistake and what he’s learned from it. CNBCMoneyMistakes investinyou (In partnership with acorns.)

Hall of Fame running back Terrell Davis once made a huge money blunder — and he'd like others to learn from it.

"The biggest money mistake I've made — I've made a lot of those, by the way — was investing in a project that didn't exist, that never came to fruition," said Davis, who played for the Denver Broncos from 1995 to 2001. In 1997, he was named Super Bowl MVP. He was inducted into theThe project was based in Atlanta, but while he was told it was "already good to go," it didn't get the blessing from the city.

He's now co-founder of Defy, which produces hemp extract performance beverages for athletes. The idea took shape after he started

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