How Do Football & Basketball Players Go Broke?

[NinoBrown]

Money isn't perpetual (ie like a business or brand), so it is a matter of time before it runs out. Figure half of that was taxed, living expenses, lawyers, agent fees, that is nothing really.

 

[SirReginald]

Money isn't perpetual (ie like a business or brand), so it is a matter of time before it runs out. Figure half of that was taxed, living expenses, lawyers, agent fees, that is nothing really.

How do you think ballers can safely budget their finances?

 

[SadimirPutin]

How do you think ballers can safely budget their finances?

They have to grow their capital. Invest in bonds, real estate, index funds etc

They also should get themselves a reputable certified tax and wealth planning attorney

 

[SirReginald]

They have to grow their capital. Invest in bonds, real estate, index funds etc

They also should get themselves a reputable certified tax and wealth planning attorney

I agree with this here.