Go Back   New Orleans Saints Forums - blackandgold.com > Main > Saints > NFL

80% of NFL players end bankrupt

this is a discussion within the NFL Community Forum; Majority of football players end up bankrupt after lavish spending but NFL now trying to teach the rookies how to budget | Mail Online...

Like Tree9Likes

Closed Thread
 
LinkBack Thread Tools Display Modes
Old 05-10-2014, 07:52 PM   #1
Site Donor 2014
 
Join Date: Feb 2010
Posts: 2,818
Blog Entries: 3
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



OldMaid is offline  
Old 05-10-2014, 09:02 PM   #2
Site Donor 2015
 
Join Date: Mar 2012
Location: Watford England
Posts: 8,708
Blog Entries: 1
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
OldMaid and Jamessr like this.
lee909 is offline  
Old 05-10-2014, 11:30 PM   #3
Moderator
 
Join Date: Sep 2007
Location: New Haven Ct
Posts: 23,982
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.'
OldMaid likes this.

Last edited by QBREES9; 05-10-2014 at 11:33 PM..
QBREES9 is offline  
Old 05-11-2014, 04:37 AM   #4
5000 POSTS! +
 
Join Date: Jan 2012
Posts: 6,776
Blog Entries: 15
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? . What a topsy-turvy world we live in, eh? .

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, .
SloMotion is offline  
Old 05-13-2014, 07:22 AM   #5
10000 POST CLUB
 
Join Date: Dec 2009
Location: Cypress Tx.
Posts: 18,978
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.
TheOak is offline  
Old 05-13-2014, 09:15 AM   #6
1000 Posts +
 
Join Date: Oct 2010
Location: Newport News, VA
Posts: 1,583
Re: 80% of NFL players end bankrupt

no sympathy...
Jamessr is offline  
Old 05-13-2014, 11:21 AM   #7
Cake or Death?
 
Join Date: Sep 2009
Posts: 3,608
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
exile is offline  
Old 05-13-2014, 11:29 AM   #8
Site Donor 2014
Truth Addict
 
Join Date: Dec 2003
Location: Spanish Fort, AL (via NO and B/R)
Posts: 24,635
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.
Danno is offline  
Old 05-13-2014, 04:46 PM   #9
Resident Swede
 
Join Date: Sep 2005
Location: Märsta, Sweden
Posts: 7,982
Re: 80% of NFL players end bankrupt

Originally Posted by exile View Post
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.
Crusader is offline  
Old 05-13-2014, 04:52 PM   #10
Site Donor 2014
Truth Addict
 
Join Date: Dec 2003
Location: Spanish Fort, AL (via NO and B/R)
Posts: 24,635
Re: 80% of NFL players end bankrupt

Darwin's Theory of Wealth Redistribution.
Danno is offline  
Closed Thread

Thread Tools
Display Modes

Posting Rules

LinkBacks (?)
LinkBack to this Thread: https://blackandgold.com/nfl/65873-80-nfl-players-end-bankrupt.html
Posted By For Type Date Hits
80% of NFL players end bankrupt This thread Refback 05-10-2014 08:42 PM 3


All times are GMT -5. The time now is 01:23 PM.


Copyright 1997 - 2020 - BlackandGold.com
no new posts