Today I want to give you the top reasons that pro athletes go broke.
Well, to be fair, what I actually want to talk about is why ANYONE who's made a lot of money really quickly can lose it all once that income stream dries up.
The truth is, this kind of thing happens to a lot more people than pro athletes but those are the people you see in the news all of the time so I wanted to give my take on it.
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6 thoughts on “Why Pro Athletes GO BROKE (Warning for Entrepreneurs & Millionaires)”
Good advise. I would add that it’s best to start having a budget right when you start to work and earn. Keep the budget when you make more and when you make less. Need to be diligent with your budget. Don’t get greedy with investments. And ,I agree, don’t live above your means.
Thank you for your wise insight. I always wondered why/how high-income people end up broke, destitute, homeless or working at low-income jobs. Now, I understand.
Thank you ANTHONY
Living in a house that costs what you make in 30 days? That’s a very concrete example. Thank you.