How the NFL leaves players broken — and broke

WhoDat!656 · 12-14-2014, 06:52 PM

Originally Posted by stickman

I agree with you, but, I think the key words there are "sound financial advice". I totally believe that a lot of these guys get bad advice from so called investment "experts", and then wind up broke because of it. Remember, the financial adviser gets paid whether you make money or not.

I agree that a lot of players get bad advice, but the player has to do his homework. Brees and other Saints players got taken by a former player when they invested some money.

Ask other players who they are using, check their references.

stickman · 12-15-2014, 10:37 AM

Originally Posted by WhoDat!656

I agree that a lot of players get bad advice, but the player has to do his homework. Brees and other Saints players got taken by a former player when they invested some money.

Ask other players who they are using, check their references.

That's my point, you can do all that, and still end up broke. Those are the guys I feel bad for, the guys that tried to be smart with the money and bad investments killed them.(Deuce McCallister)

I have no sympathy for the guy who spent his money on cars, jewelry, and trips to vegas.

12-14-2014, 06:52 PM	#1
WhoDat!656 10000 POST CLUB Join Date: Nov 2010 Location: Shreveport,Louisiana Posts: 16,089	Re: How the NFL leaves players broken — and broke Originally Posted by stickman I agree with you, but, I think the key words there are "sound financial advice". I totally believe that a lot of these guys get bad advice from so called investment "experts", and then wind up broke because of it. Remember, the financial adviser gets paid whether you make money or not. I agree that a lot of players get bad advice, but the player has to do his homework. Brees and other Saints players got taken by a former player when they invested some money. Ask other players who they are using, check their references. SloMotion likes this.

12-15-2014, 10:37 AM	#2
stickman 1000 Posts + Join Date: Oct 2012 Location: Gonzales, LA Posts: 1,801	Re: How the NFL leaves players broken — and broke Originally Posted by WhoDat!656 I agree that a lot of players get bad advice, but the player has to do his homework. Brees and other Saints players got taken by a former player when they invested some money. Ask other players who they are using, check their references. That's my point, you can do all that, and still end up broke. Those are the guys I feel bad for, the guys that tried to be smart with the money and bad investments killed them.(Deuce McCallister) I have no sympathy for the guy who spent his money on cars, jewelry, and trips to vegas. Crusader likes this.

LinkBacks (?) LinkBack to this Thread: https://blackandgold.com/nfl/70068-how-nfl-leaves-players-broken-broke.html
Posted By	For	Type	Date	Hits
How the NFL leaves players broken — and broke	This thread	Refback	12-14-2014 06:44 PM	8