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re: Jamal Lewis files for bankruptcy, is $10.5 million in debt

Posted on 5/28/12 at 7:46 am to
Posted by jcole4lsu
The Kwisatz Haderach
Member since Nov 2007
30922 posts
Posted on 5/28/12 at 7:46 am to
sell 4 houses, all but 1 car, and the ownership in the waterpark

that will cover most if not all the debt.

athletes and lottery winners - easy come easy go
Posted by Sophandros
Victoria Concordia Crescit
Member since Feb 2005
45218 posts
Posted on 5/28/12 at 8:08 am to
When you look at the athletes and lottery winners who are incapable of handling the large amount of money that they receive, they are almost always people who came from poor backgrounds. You seldom see people from middle class and higher backgrounds who don't handle their success well.

This is understandable, because often people from the more poor backgrounds tend to over compensate for where they came from. They also don't have the sort of support network around them who can help steer them towards the right sort of investments. I know it's shocking, but poor people don't know how to manage money...
This post was edited on 5/28/12 at 8:10 am
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