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i read an amazing article about how seventy eight percent of n_f_l_ players
usually go bankrupt
no tickets
it's a better and worse than that it's a little on ferry cuz they also include
like divorce proceedings and and so it's not just flat out wrong broke right %uh
what it's like huge number but legal broke within two years of getting out of
nfl
how amazing is that
why how
that's unbelievable incompetence leaders that you know on average the of course a
tremendous amount of money
for was a little different to be fair to them right an average career last about
three years and football right which i didn't know i thought they lasted way
longer than that and you don't get paid as much as i thought that you know they
don't so
a lot of those guys it's not like they were like multimillionaires and then
they go broke so yet that's why that's only eight percent number so i
but in basketball where they get all lot more money right in their careers last
long-run average about seven or eight years
sixty percent of players
go broke within five years of the alley
but don't see how backing usually happen now
because you're living this lifestyle you're making all this money and you're
spending money like crazy and you don't even feel it because you're thinking hey
i'm hop in the high roller have all this money it's not a big problem then you
retire you stop working whatever
and you continue living that lifestyle without realizing he you have no real
source of income anymore and a lot of our young kids when they go and and nato
proper education although a lot of them went to college
college corrected
but then i thought as i was reading the story in policymaking from a financial
course like how to manage your money they'll be the most useful course not
just for these athletes but for everybody right because they come in and
they blow it of course here are some of the ways able one antitrust family and
friends isle of this or one of the guys
did that's and then did too
thing to do crazy business yeah they invest money in the most ridiculous
things about it but sometimes it's combined franken misses you m_s_ is
crazy this one of businesses
was
inflatable rafts underneath your pouch
so that if there's flooding your couch can remain dropped
shows a real business they suck hundreds of thousand dollars into
and then it turns out it didn't work out
those rats inside can you imagine said that's not a thing where we would cover
the infomercial and make fun of it endlessly and wonder whether or not it
was a real product
nope it and then that leaves the point of look some of these guys obviously had
just done right image if your you got any kind of common sense you're back up
one hundred thousand dollars presents threat
of it and then you got the issue of
%uh kids and women
travis henry spiro in back matter fell wait for the bills for a while senator
travis henry
has nine kids
from nine different one
omaha okay
travis henry
i was in the n_f_l_'s interesting that of this error here
first-hand report
made all a lot of money star running acted now one of the bats with salt is
starting running very very good
%uh dc tens of millions of dollars
just went to jail
physique in the fork paying which i support it
that's until how do you have nine children from nine different women
i mean i could see yourself making a mistake a couple times right
well come on mind nine time when you look at it looks as a hundred of the
store chard cab ideas like seven
arcades firm six women
so he double up a lot of talk so
is a little savir
and then of course is michael vick who blew all this money
and and rocket israel has all these incredibly dumb things they invested
including in inspirational
movie that he thought was going to blow up but it didn't everybody's got a music
record that they wasted tremendous amount of money on there for closing
soon one this house
%uh as we speak
as you can pay
circle one other guy has lost
six and a half million dollars on a car dealership
how do you mean six and a half million dollars on a car dealership
spun believable set there because these guys are huge targets everybody says
missus o
is the money i get these instill money from act up
so than by then
sold out
seventy percent within two years as a devastating number