from the pent house to the out house.

[funk51]

 

   

[funk51]

   

   

[Humble Narcissist]

I talked to him at Gold's once and was a really nice guy. Loved watching him play when I was a kid.

[youandme]

Yeah he was 90s baseball star. Good times as a kid watching him.

[Dalnet]

It's sad to see them fuck up. Sometimes their financial advisors and lawyers scam them to high heaven, too. Parasites out the woodwork to prey on their stupidity. Always worth banking a few mil with your mother as emergency funds that she can hold for you to cover a place to live and transport for your own good. Surely their family know they're dumbasses and need to be held closely when it comes to money decisions

[funk51]

   

    30 minutes in the twitch is back.

[oldtimer1]

It's even worse in the NFL. A 22 year old that never had a job before gets a four million dollar contract. He's not a super star but made it to the NFL. He buys his mom a house. He buys an expensive house for himself and 500K of cars. He knows nothing about money thinking he is set for life. Three years later he's out of the NFL and loses both houses and has to sell the cars for money. If only someone told him not to live large and that a plumber, cop, electrician and other trades make a million every 9 years or so, it would put into perspective his contract.

[GymnJuice]

People in general don't live within their means and don't save enough. I wouldn't be surprised if most lottery winners who took a lump sum have a similar arc.

https://www.moneydigest.com/1504050/lottery-winners-now-broke/

[Dalnet]

It's even worse in the NFL. A 22 year old that never had a job before gets a four million dollar contract. He's not a super star but made it to the NFL. He buys his mom a house. He buys an expensive house for himself and 500K of cars. He knows nothing about money thinking he is set for life. Three years later he's out of the NFL and loses both houses and has to sell the cars for money. If only someone told him not to live large and that a plumber, cop, electrician and other trades make a million every 9 years or so, it would put into perspective his contract.

Lifespan of top tier athletics is quite short. Like you said, a trade is far superior in the long run if you have a brain. End up running your own teams and just travelling from site to site.

[funk51]

It's even worse in the NFL. A 22 year old that never had a job before gets a four million dollar contract. He's not a super star but made it to the NFL. He buys his mom a house. He buys an expensive house for himself and 500K of cars. He knows nothing about money thinking he is set for life. Three years later he's out of the NFL and loses both houses and has to sell the cars for money. If only someone told him not to live large and that a plumber, cop, electrician and other trades make a million every 9 years or so, it would put into perspective his contract.

   

   they should listen to herman edwards

[Humble Narcissist]

People in general don't live within their means and don't save enough. I wouldn't be surprised if most lottery winners who took a lump sum have a similar arc.

https://www.moneydigest.com/1504050/lottery-winners-now-broke/

Many lottery winners grow up dirt poor just like many professional athletes. People are poor for a reason. Dumb fucks will lose all their money no matter how much they are handed.

[oldschoolfan]

Here is what’s crazy that 55 million before taxes was made in the 90s that’s like 100 million in today dollars fuck he could have bought a really nice home back then cash for 200 k In texas or Arizona

[Humble Narcissist]

Here is what’s crazy that 55 million before taxes was made in the 90s that’s like 100 million in today dollars fuck he could have bought a really nice home back then cash for 200 k In texas or Arizona

If he just put 1 million of that in an Index Fund he would never be poor and living in a garage.