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Thread: Thinking of teaching frugality..
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07-02-2008, 03:19 PM #1Super Moderator
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Thinking of teaching frugality..
To NBA players...
How's this for a statistic?
Congrats, newly minted NBA rookie!
Now you've been drafted. Next comes the delicious multimillion-dollar contract. And that's when you must do what most NBA players do: start going through cash like Jack Black through the Keebler factory.
Filing for bankruptcy is a long-standing tradition for NBA players, 60% of whom, according to the Toronto Star, are broke five years after they retire.
http://sports.espn.go.com/espnmag/story?id=3469271Russ
Truck payments:109876 5 4 3 2 1 WAHOO!
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07-02-2008, 03:40 PM #2Moderator aka AmyBob
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...and that's why I always preach to my students the importance of an education so that even if you are a star athlete, you have something to fall back on when that career is inevitably over.
My Blog: http://amysreallife.wordpress.com
Amy
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Always remember others may hate you, but those who hate you don't win unless you hate them. And then you destroy yourself."
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07-02-2008, 03:42 PM #3Registered User
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I wish that the league would up the age to say, 21 or 22, so the athletes would hopefully finish their college education first.
Originally Posted by AmyBoz
Amy is 100% right on!
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07-02-2008, 04:13 PM #4Registered User
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First thing that came to my mind was, "If I had a Million Dollars....", but other than that, I think everyone should have a good soild education, just incase "something" comes up!!
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07-06-2008, 10:07 PM #5Registered User
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They'd be tooooo arrogant to listen.
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07-07-2008, 09:26 AM #6Registered User
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I say go for it, they sure do need some help.
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07-07-2008, 02:57 PM #7Registered User
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It's sad, but true. It always amazes me when people complain about how much executives of large companies (like in the oil industry) make, yet, they have no problem with professional athletes making millions a year. JMHO but it makes no sense to me.
DJ
Married to DH since 1993
DD age 16
DS age 14
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