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I have a friend that used to play pro B-Ball in Europe. Made a killing and saved all the money because all expenses were paid.
Came back to the US and started a real estate investment business with that money and made a lot more.
Same time he worked for well know sports agent as financial adviser for the NBA, NFL, MLB players. Oh the stories he would tell were sad, how people would not listen to any advice. Example would be player wants to by mom a nice home, he would advise them to buy the mom a business in the area that would allow her to buy her own nice home and more. players would not do it.
He owned a lot of the ATL area players homes as they went bankrupt, he bought them cheap as the players went broke, lived in Million dollar home he bought for 350,000 as example.