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re: Jeremy Hill new ride
Posted on 6/23/14 at 6:15 pm to jose canseco
Posted on 6/23/14 at 6:15 pm to jose canseco
quote:
Not uncommon for someone making $50,000 and buying a $20,000+ vehicle.
someone buying something like a new accord and financing it for 5 years with a decent down payment, after saving, is not the same thing as a lot of players (not necessarily saying hill falls into this) paying cash for a luxury sports car with an awful resale value that they likely don't even end up keeping for more than a couple years. it's also a lot different when the guy that is making 50k has a 30+ year career ahead of them and the guy you're talking about could be unemployed and without a degree in 3.
This post was edited on 6/23/14 at 6:17 pm
2
Posted on 6/23/14 at 6:18 pm to lsufball19
Agreed, but you are taking 2 opposite ends of the spectrum in your example.
Posted on 6/23/14 at 6:23 pm to lsufball19
quote:
making 50k has a 30+ year career ahead of them and the guy you're talking about could be unemployed and without a degree in 3.
Well, he is guaranteed $1.6 million. So that is the equivalent of making $50,000 for the next 32 years. Assuming he invests nothing, only gets his guaranteed money and generates zero income outside of a presumed failed football carreer.
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