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Old 12-21-2015, 01:22 PM   #41
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Always shocks me how athletes (Portis, Shilling and others) who made so much money can end up in bankruptcy. I suppose not much different than the curse of the lottery winners .

Well, they often don't have good education, never around money before and can't handle sudden wealth, surrounded by sycophants who are after their money, (sometimes) generous enough to take care of families and relatives, have multiple affairs & marriages which end in alimony and child support, ....

I think NBA, NFL have programs to educate their players but not all of them are going to pay attention.
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Old 12-21-2015, 01:31 PM   #42
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Always shocks me how athletes (Portis, Shilling and others) who made so much money can end up in bankruptcy. I suppose not much different than the curse of the lottery winners .
In Shilling's case he was all set financially but unwisely went all-in on a video game project and ended up using a lot of his own assets to fund a slowly sinking ship.

He could've been ok had he just walked away from baseball and got into speaking/motivation/broadcasting gigs. He swung for the fences (pun intended) and struck out.
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Old 12-21-2015, 01:54 PM   #43
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In Shilling's case he was all set financially but unwisely went all-in on a video game project and ended up using a lot of his own assets to fund a slowly sinking ship.

He could've been ok had he just walked away from baseball and got into speaking/motivation/broadcasting gigs. He swung for the fences (pun intended) and struck out.
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Old 12-21-2015, 02:09 PM   #44
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In Shilling's case he was all set financially but unwisely went all-in on a video game project and ended up using a lot of his own assets to fund a slowly sinking ship.

He could've been ok had he just walked away from baseball and got into speaking/motivation/broadcasting gigs. He swung for the fences (pun intended) and struck out.
His biggest mistake was mixing his own (good money) after bad money of the sinking ship. I remember him on the radio and on TV promoting his game company a few weeks before having to file bankruptcy. Wouldn't have known that at that time he was desperately trying to keep the company afloat.
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Old 12-21-2015, 02:43 PM   #45
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In Shilling's case he was all set financially but unwisely went all-in on a video game project and ended up using a lot of his own assets to fund a slowly sinking ship.
It's called greed. He was all set financially but wanted more and ventured into areas that he doesn't know much about. Being a baseball pitcher and running your own gaming company are two different animals.
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Old 12-21-2015, 04:13 PM   #46
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It's called greed. He was all set financially but wanted more and ventured into areas that he doesn't know much about. Being a baseball pitcher and running your own gaming company are two different animals.
+1
Pure and simple. This thread made me look up the history of his company. Pure greed mixed in with generous amounts of hubris.
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Old 12-21-2015, 04:18 PM   #47
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This thread reminded me of something one of the 'old-timers' at work told me years ago.

"I spent most of my money on wine, women, & song, the rest of it I just pissed away
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Old 12-21-2015, 05:49 PM   #48
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I just can't get all worked up over high paid athletes going bust. I always chose to participate rather than be a spectator and pay to watch someone else have all the fun for big bucks. For that matter I don't have any sympathy nor will I make excuses for a high paid exec foolishly squandering their money or lottery winners either. Too bad.

Cheers!
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Old 12-21-2015, 06:07 PM   #49
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We have a relative and husband who receive about $9000 in February from the Feds as earned income credit. Two months later, they have no idea where it went. Poor people have poor ways.
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Old 12-22-2015, 08:29 PM   #50
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We have a relative and husband who receive about $9000 in February from the Feds as earned income credit. Two months later, they have no idea where it went. Poor people have poor ways.
earned income credit = welfare IMHO
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Old 12-22-2015, 08:38 PM   #51
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earned income credit = welfare IMHO

YOU,,,,,are absolutely right!!!!
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