grasshopper
Thinks s/he gets paid by the post
- Joined
- Oct 9, 2010
- Messages
- 2,480
i see another victim here.
Then you see a guy like Rob Gronkowski who's socking away all his pay and living off his endorsements. Family keeps him on a tight financial leash. He'll be set for life.
I think the basic problem is so few in this country are taught any financial literacy...it's almost deliberately avoided in the school system.
If this is so, how come I have a daughter that is very frugal and quite conservative with her money and a son that spends any money he has? They are a year apart and went to the same schools. BTW, he is very bright, outstanding at math, etc. Knowing something and doing something about it are not necessarily the same.
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 both of these cases, the skill or luck they exhibited doesn't correlate with financial know how at all. They are completely independent variables.
Actually, in the case of the lottery, possible a negative correlation. Most financial savvy people don't buy lottery tickets.
I wonder how much was spent on drugs, alcohol and hookers... The article does show gambling was a major problem.
I wonder how much was spent on drugs, alcohol and hookers... The article does show gambling was a major problem.
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 .
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.
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.
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.
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.