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Posted: 6/6/2008 2:01:21 PM EST
What's up with athletes and their poor money management skills?
They rake in millions, and within a few years-they're broke!
Seems especially prevelent among the black athletes. Just noticed that Evander Holyfield's home is in foreclosure.

What's the deal???
Link Posted: 6/6/2008 2:04:26 PM EST
[Last Edit: 6/6/2008 2:04:49 PM EST by TwoTwentyThree]
Because they've never had to grow up...Being a professional athlete is like being a kid for your entire life
Link Posted: 6/6/2008 2:09:18 PM EST
Its not just black athletes, its athletes in general

They go from having no money (to speak of) to all of a sudden being able to walk in to any store and buy what they want and not have to think about it.
Add to that they rarely if ever have a person that they trust who steers them correctly and almostly always have "friends" who are happy to go along for the ride
Link Posted: 6/6/2008 2:14:12 PM EST
it's an odd dynamic... almost as if they were property or something...for sale to the highest bidder.
Link Posted: 6/6/2008 2:20:36 PM EST
[Last Edit: 6/6/2008 2:25:43 PM EST by DLaw]


This is why right here

Dont believe me? Ask this guy



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