Wednesday, April 8, 2015

Post Type: Write a Tip Post

Keyword Phrase:
Keyword Phrase
Global Monthly Search
How and why do pro athletes go broke
234
Top ten broke athletes
400
Athlete wealth management
135
Most broke athletes
200
Athlete bankruptcy
120


Title: How to avoid going bankrupt

Want to hear something crazy? 78% of NFL players go bankrupt or having financial troubles 2 years after retirement, and 60% of NBA players go broke 5 years after retirement.

Athlete bankruptcy is something that has been happening for quite sometime, but its kept quiet and brushed under the rug for obvious reasons. How and why do pro athletes go broke, the top ten broke athletes, or most broke athletes it doesn’t really matter how you type it out the fact is that you’ll find a ton of information on athletes that are broke and what caused them to get there. It doesn’t really matter how they got there because that’s a different topic for a different day, what matters is not making the same mistake these professional athletes have made. If an Allen Iverson, or Vince Young who have made multiple millions of dollars over their careers can go bankrupt then so can an average person like you. Athlete wealth management is not something that was on the top of these pro athletes list of things to do, but it should have been. The number one reason that most athletes go broke is because they are financially reckless with their spending, and they’re also uneducated about their finances. The one tip that can be given and taken away from this blog is to management your money and finances wisely. Allen Iverson made over $200 million dollars over his NBA career and never once opened a savings account, or some type of trust fund if you were wondering where he is today…he’s broke.


If it can happen to millions like them, don’t you think it can happen to you?

No comments:

Post a Comment