re: 78 percent of NFL players are bankrupt...within two years

quote:

---

Many NFL players come from poverty.

When you come from poverty, you can't fathom a million dollars. It literally seems infinite to you.


That's why a lot of lotto winners go bankrupt too.

---

when people come from nothing and are never taught how to manage money they end up blowing it all b/c they don't know any better.

IMO the average pro athlete going broke so quickly is a condemnation of the colleges who clearly did little to prepare them for the real world.

This is actually a bigger issue I have with colleges and universities in general though. As far as I'm concerned every single school should have financial management classes as a requirement to graduate. In fact, I think it should also be taught in high schools starting freshman year.

quote:

---

ZereauxSum

Yup. At the rookie symposium I believe.

---

and that isnt near enough education for people to change years of never knowing anything about keeping your finances in order.

quote:

---

Many NFL players come from poverty.

When you come from poverty, you can't fathom a million dollars. It literally seems infinite to you.


That's why a lot of lotto winners go bankrupt too.

---

I don't want to sound insensitive here, and I realize most of these guys come from a much worse financial place as a kid than I did. But every time I hear this I think it's a nice way of saying they're stupid