80% of NFL players end bankrupt

OldMaid · 05-10-2014, 08:52 PM

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

lee909 · 05-10-2014, 10:02 PM

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 · 05-11-2014, 12:30 AM

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, 05:37 AM

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,

.

TheOak · 05-13-2014, 08:22 AM

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, 10:15 AM

no sympathy...

exile · 05-13-2014, 12:21 PM

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, 12:29 PM

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, 05:46 PM

Originally Posted by exile

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, 05:52 PM

Darwin's Theory of Wealth Redistribution.

05-10-2014, 08:52 PM	#1
OldMaid Site Donor 2014 Join Date: Feb 2010 Posts: 2,912 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

05-11-2014, 12:30 AM	#3
QBREES9 Moderator Join Date: Sep 2007 Location: New Haven Ct Posts: 23,985	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; 05-11-2014 at 12:33 AM..

05-11-2014, 05:37 AM	#4
SloMotion 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, . saintfan, ScottF, SmashMouth and 3 others like this.

05-13-2014, 08:22 AM	#5
TheOak 10000 POST CLUB Join Date: Dec 2009 Location: Cypress Tx. Posts: 19,027	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.

05-13-2014, 10:15 AM	#6
Jamessr 1000 Posts + Join Date: Oct 2010 Location: Newport News, VA Posts: 1,583	Re: 80% of NFL players end bankrupt no sympathy...

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05-10-2014, 10:02 PM	#2
lee909 5000 POSTS! + Join Date: Mar 2012 Location: Watford England Posts: 8,829 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.

05-13-2014, 12:21 PM	#7
exile 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 Cake or Death? Join Date: Sep 2009 Posts: 3,608

05-13-2014, 12:29 PM	#8
Danno Truth Addict Join Date: Dec 2003 Location: Spanish Fort, AL (via NO and B/R) Posts: 24,725	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.

05-13-2014, 05:46 PM	#9
Crusader Resident Swede Join Date: Sep 2005 Location: Märsta, Sweden Posts: 8,025	Re: 80% of NFL players end bankrupt Originally Posted by exile 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.

05-13-2014, 05:52 PM	#10
Danno Truth Addict Join Date: Dec 2003 Location: Spanish Fort, AL (via NO and B/R) Posts: 24,725	Re: 80% of NFL players end bankrupt Darwin's Theory of Wealth Redistribution.

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