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OldMaid 05-10-2014 07:52 PM

80% of NFL players end bankrupt
 
Majority of football players end up bankrupt after lavish spending but NFL now trying to teach the rookies how to budget | Mail Online



:google:

lee909 05-10-2014 09:02 PM

Re: 80% of NFL players end bankrupt
 
I watch ESPN 30 for 30 Broke a while back.

Im afraid its hard to have any sympathy for those that make more in a year than some of us will make in our lives because they cant get rid of hangers on,spend wisely and as they admit try to outdo each other

QBREES9 05-10-2014 11:30 PM

Re: 80% of NFL players end bankrupt
 
Penny wise, pound foolish. Thats a dam shame. Very Sad.

'I found out real quick that money and ignorance is not a good combination.'

SloMotion 05-11-2014 04:37 AM

Re: 80% of NFL players end bankrupt
 
Soooooooooo ... they're in college to learn about & play football, and then they're in professional football to learn about life & how to budget? :rolleyes:. What a topsy-turvy world we live in, eh? :lol:.

I have no sympathy for millionaires, but I am a little bit astonished at the "80%" figure ... I mean, it's understood professional athletes have to undergo a certain change of lifestyle to protect their privacy/assets, et... & there's always gonna' be that percentage that blow it all on strippers & cars, but 8-of-10 couldn't find someone to effectively manage their money? That's a fricken' crisis, IMO.

I'm putting out my shingle right 'chere, ;):

... "Seeking investment guidance? Trust SloMotion Financial Advice (for the NFL & other celebrity type persons) to give you what you need. "Yes" ... you can have your cake & eat it too. Reasonable rates, :D.

TheOak 05-13-2014 07:22 AM

Re: 80% of NFL players end bankrupt
 
I'm not so surprised at the 80% as that is probably near the percentage of NFL players that make league minimum lol... They are only kathousandaires for a few years then have to fall back on what they failed to learn in college to live for another 40-50 years.

You cant protect people from themselves.

Jamessr 05-13-2014 09:15 AM

Re: 80% of NFL players end bankrupt
 
no sympathy...

exile 05-13-2014 11:21 AM

Re: 80% of NFL players end bankrupt
 
Oh my.. Brandin you had me for awhile. I hope you get pointed to a good financial adviser.

Brandin Cooks (#20 pick) White gold & diamond Presidential Rolex watch
-- estimated value: $46k


Jadeveon Clowney -- Baller Jewelry Run ... Day of the Draft | TMZ.com

Danno 05-13-2014 11:29 AM

Re: 80% of NFL players end bankrupt
 
I wonder if its skewed by an enormous amount of players that are in the league for 1 year making near the league minimum.

Even so, its still a lot of money to waste though.

Crusader 05-13-2014 04:46 PM

Re: 80% of NFL players end bankrupt
 
Quote:

Originally Posted by exile (Post 593714)
Oh my.. Brandin you had me for awhile. I hope you get pointed to a good financial adviser.

Brandin Cooks (#20 pick) White gold & diamond Presidential Rolex watch
-- estimated value: $46k


Jadeveon Clowney -- Baller Jewelry Run ... Day of the Draft | TMZ.com

Is it really smart for a publication to post that. I just remember Sean Taylor getting shot when people brok in to his house. Making stuff lik that known won't lessen the chance.

Danno 05-13-2014 04:52 PM

Re: 80% of NFL players end bankrupt
 
Darwin's Theory of Wealth Redistribution.


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