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Many, not all, athletes handle their money in complete inverse to what is prudent.
First year and any signing bonuses should ALL go in the bank and stocks.
Year two, start enjoying 20% and help immediate family. Invest 60-70%
Year three, enjoy 40% and bank 50%
Year 4+, save and invest 25-40% minimum and go do some wasteful shit with the rest.
If all athletes did this 95% of them would be set for life.
Cant stop bad investments or being taken to the cleaners by bad agents or unscrupulous investment advisors.
Also cant stop breeders who just want to **** every ho bareback and lose their money to lawsuits and paternity payments.
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