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Old 02-17-2012, 12:04 PM   #17
Locke
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I also have a hard time feeling sorry for these people. Quite frankly, its irresponsible.

Hes cutting a cheque to a jeweller for the better part of a million bucks. Guess what? You dont need jewelery, so when you're broke, its one of those things you dont have to buy.

Further, I understand an issue with athletes is that many do come from very poor backgrounds and then are vaulted into the arena of the insanely rich, I get that. I also understand that that would also mean they likely dont know how to handle that kind of money. I even get that between taxes and agent fees they dont actually earn what their salary is reported as.

The thing is though, you can pay people to responsibly care for your money. This service exists, so people like me, who make a very small fraction of what Iverson earns, can still manage to have more in the end.

And while this service costs money, its also a great way of making sure you dont go bust, so take a little less now to make sure you dont go broke in the long run.
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