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Message
re: 78 percent of NFL players are bankrupt...within two years
Posted on 11/7/13 at 2:20 pm to genro
Posted on 11/7/13 at 2:20 pm to genro
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.
Don't they have some sort of financial learning course in the NFL?
3
Posted on 11/7/13 at 2:22 pm to idlewatcher
quote:
Don't they have some sort of financial learning course in the NFL?
yes
Posted on 11/7/13 at 2:25 pm to idlewatcher
quote:
Don't they have some sort of financial learning course in the NFL?
Yup. At the rookie symposium I believe.
Posted on 11/7/13 at 2:26 pm to idlewatcher
quote:
Don't they have some sort of financial learning course in the NFL?
It's part of the Rookie Symposium which lasts like a week. You can't learn to handle millions in a week class. The NFL needs to do a better job of guiding these athletes as well. The point I was intending to make is I can understand how easy it could be to say "hey I am gonna make millions so why try to learn anything." The rule of only being away from high school for 3 years to play in the NFL and only 1 year to play in the NBA should be changed. You should be required to have some sort of degree to play in both leagues. That way you ALWAYS have something to fall back on.
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