[Lockbox]

Not saying it can’t be done, but too many failures for NFL players. I also knew a very smart player who graduated from Notre Dame into a successful NFL career and when he retired from football became a successful businessman.

5 Reasons Why 80% Of Retired NFL Players Go Broke

1)Lack of competent financial planning advice--Athletes are no different than any other college grads in that they were not trained as undergrads in budgeting, the tax system, and long term financial planning. This is an area of specialized expertise and an athlete receiving large compensation needs a safety net of advisors.

https://www.forbes.com/sites/leighsteinberg/2015/02/09/5-reasons-why-80-of-retired-nfl-players-go-broke/?sh=1f4aae7978cc

[woodbutcher1963]

I see the same thing here as a lumber broker. There are people I work with that go from making nothing to a six figure income. Some to $250K or more in a very short time period.
They buy big houses, fancy cars, Hawaiian vacations, etc.

Then they have a bad year and they have nothing saved. Nothing to fall back on. Nothing in reserve. Then the STRESS kicks in.
Marriages fall apart.

We used to have a saying for it when we were kids that is politically incorrect today:

N#GG#R RICH

[texas booster]

None of this is news to anyone that has lived a while.

NBA players and lottery winners - still well over half are broke within a few years.

Most people born in the 50’s or 60’s will make over a million dollars in their 40 - 50 years working career. Doesn’t matter much what you do.

Most people born in the 90’s or 00’s will make $3 - 4 million over the course of their lives.

And yet about half will end up with little more than social security to enjoy in their twilight years.

And let’s not even get started about inflation and the government’s role in wage theft ...