Quote:
Originally Posted by Strange Brew
I suspect bad investments is what really kills many athletes. Their buddy convinces them to open a restaurant, invest in his start up record label etc. And they lose everything they put in.
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Sure but friends and families are the biggest siphons of wealth.
You don't need to buy your friends watches or cars. Or put your mother in a 6000 square foot house. You don't need to be a collector of fine cars. Or buy a jet.
You don't need to throw huge parties, blast coke up your nose, or sleep with a girl without protection.
when you go through the reasons why these athletes go broke its not as often about investments as it is bad personal choices.
How many koi fish do you need, or white tigers.
In football two things really kill the players. Nobody tells them that their pay checks stop after the super bowl. While you think that you're going to be playing forever, the average NFL career is three years. NBA 4.5 years NHL 5 years.