How can Professional Athletes going broke help me?
It’s no big secret that the majority of professional athletes are terrible at maintaining their wealth. There has been plenty of coverage on it in the media over the last few years. In April 2012 ESPN aired a documentary called Broke. The documentary interviewed multiple athletes, managers, analysts and numerous others from a variety of pro sports about the financial difficulties athletes face throughout their lives. Sports Illustrated also posted a popular article in 2009, How (and Why) Athletes go broke and more recently this topic was revisited by NPR.org and The Players Tribune. All of these provide reasons on how and why athletes go broke.
That’s definitely interesting information, how can this help me?
Well that’s what I’m here to help you out with. There’s tons of information (linked above) and the documentary is interesting as well, but they’ll all take time to read and watch. So here’s my take on five things we can learn from pro athletes going broke. Read more