Why Your Favorite Athletes Go Broke
Most professional athletes suffer from a lack of knowledge in personal finance. Understanding how to budget your money, how to save money, and mastering your personal finances will save you from going broke.
Unfortunately, athletes spend their money frivolously on large houses, exotic cars, custom jewelry, and anything to help live lavishly.
When their playing careers are over, many athletes go broke because they don't follow a few key personal finance principles.
In this video, I share the first couple of reasons why so many athletes go broke following their playing careers.
You'll likely read headlines every day about another athlete having some sort of financial hardship and wonder why that's the case. The athletes sign contracts for millions of dollars, but can't seem to stay away from going broke.
When you understand how quickly money can be spent when purchasing liabilities, it makes total sense why these athletes struggling with their personal finances so much.
---------- MY BOOK LIST ----------
https://docs.google.com/spreadsheets/d/15l6h6y87CVpZwtvPtgVtv37xKhCujiYcBsqDiM4zzNo/edit?usp=sharing
Tags:
Why athletes go broke,personal finance,personal finance tips,professional athletes going broke,athletes going broke,athletes going broke documentary,personal finance 101,personal finance for dummies,personal finance management,how to budget your money,how to budget,how to budget and save money,broke documentary,broke documentary 30 for 30,broke documentary watch,broke documentary netflix,personal finance 101 a beginners guide,money tips,going broke
-
26:32
Spencer Cornelia
10 months agoThe DJ Envy & Cesar Pina Scam Just Got Worse
3.63K6 -
10:26
Spencer Cornelia
2 years agoWhy Your Favorite Celebrities Go Broke
1.1K19 -
9:15
Spencer Cornelia
2 years agoWhy NFL Athletes Go Broke | Mark Brunell
15 -
0:59
Rozze short
2 years agoCopy your favorite pants
3 -
0:58
KJRH
2 years agoChoose your favorite Gilcrease pieces
1 -
1:16
AMustWin
2 years agoMy Favorite Advantage of Athletes
40 -
2:25:22
WeAreChange
6 hours agoWHERE'S Joe Biden?? President Of The U.S. Goes MISSING As Doctors Ratchet Up Cover-up!
79.2K42 -
1:56:24
2 MIKES LIVE
5 hours ago2 MIKES LIVE #94 DEEP DIVE MONDAY! Is This Democracy? with Special Guests J Michael Waller and Josh Baker
53.8K5 -
1:34:10
The Amber May Show
5 hours agoTrue Story Behind The U.S. Marines Ambush In Afghanistan
50.7K6 -
57:19
Kimberly Guilfoyle
9 hours agoSecret Service Scandal Deepens, Plus, Who is Really Behind Biden Exit? Live with Charlie Spiering, Rep Luna, and Hogan Gidley | Ep. 144
101K212