[Hot Tabasco]

With an athlete, their peak earning years can be over by the time they’re 30-35. As a result, even good financial planners would often make mistakes when advising their clients on protecting (and growing) their assets for the rest of their lives.

The biggest problem I see with the wasted fortunes of athletes is the ignorant ones who grew up living for the "now" of their fame and fortune.

The ones who squander their money on bling, fast cars, mansions and whores..

Not surprising is the vast majority of these squanderers are blacks...It's apparent that not even their "Agents" can control their clients and thus they end up in poverty.........

Almost every single professional athlete makes more in a year than I've made in my entire life............

I have no sympathy for those idiots......

[libstripper]

I share your lack of sympathy. Up front money like that is a godsend for anybody who in, it invests a portion of it when he is in his 20’s. That’s because, even at 7%, it will double about five times before he turns 60. If it’s $1,000,000, that means it will become $32,000,000, more than enough to fund a really great retirement. Equally important, if the athlete does that with his first $1,000,000, he’ll hardly even notice the loss.