Adrien peterson selling everything?

[Skooby]

Don't get why these dudes don't just set aside $10 million as a rainy day fund in case everything goes wrong

Or set aside $3 million on business ventures, investments, etc.

Shouldn't be any excuse these days.

Back in the day if you didn't know and didn't have anyone around to let you know...I can see how you can fall into a trap.

But there are so many resources available...some for free:

Ten Financial Actions for Pro Athletes & Considerations As They Hire a Financial Advisor

“Today I will do what others won’t, so tomorrow I can accomplish what others can’t.” Jerry Rice Spring is here and in the sporting world, that means it’s time for the NFL Draft in late April followed by the NBA draft in June.

www.linkedin.com

 

[the next guy]

 

[ReturnOfJudah]

Bruh a whole dummy

 

[FTBS]

Don't get why these dudes don't just set aside $10 million as a rainy day fund in case everything goes wrong

Or set aside $3 million on business ventures, investments, etc.

This is kinda like asking why top accountants don't just break a tackles or out run linebackers. Dude was gifted at and worked his ass off at football. That doesn't transfer over into finances. Most people are shytty with finances. A person in the elite athlete bubble who is making millions actually has it worse because there is the illusion of unlimited money and the consequences are delayed. Dude signed a "$100 mil" deal at one point in his career. Most people are gonna hear that number and believe they are set for life and live accordingly.

 

[L. Deezy]

Lmaoooooo...

"You better go get 5 or 6 dozen crabs and some shrimp"

Facts!!!! Flying in 300 people first class for your bday is insane

 

[jadillac]

This is kinda like asking why top accountants don't just break a tackles or out run linebackers. Dude was gifted at and worked his ass off at football. That doesn't transfer over into finances. Most people are shytty with finances. A person in the elite athlete bubble who is making millions actually has it worse because there is the illusion of unlimited money and the consequences are delayed. Dude signed a "$100 mil" deal at one point in his career. Most people are gonna hear that number and believe they are set for life and live accordingly.

I don't agree with all of this, but I know OU takes care of former athletes so I KNOW dude could have gotten financial advice & assistance from someone in the school. Sad to see this happen

 

[Dem313wayz]

I don't agree with all of this, but I know OU takes care of former athletes so I KNOW dude could have gotten financial advice & assistance from someone in the school. Sad to see this happen

Dude is a narcissists. Taking out a loan and paying for people to come celebrate your bday is some crazy behavior and I can't feel bad for him going broke

 

[FTBS]

I don't agree with all of this, but I know OU takes care of former athletes so I KNOW dude could have gotten financial advice & assistance from someone in the school. Sad to see this happen

This applies to everybody. Everybody could do better or seek knowledge or help but many dont. Wealth, talent, and fame doesn't make you any different.

 

[staticshock]

This is kinda like asking why top accountants don't just break a tackles or out run linebackers. Dude was gifted at and worked his ass off at football. That doesn't transfer over into finances. Most people are shytty with finances. A person in the elite athlete bubble who is making millions actually has it worse because there is the illusion of unlimited money and the consequences are delayed. Dude signed a "$100 mil" deal at one point in his career. Most people are gonna hear that number and believe they are set for life and live accordingly.

Huh?
I’m not an accountant & I know to set aside money. You don’t have to be an accountant to understand saving is important

 

[FTBS]

Huh?
I’m not an accountant & I know to set aside money. You don’t have to be an accountant to understand saving is important

And how many millions dont or lack discipline in that regard? Financial management is a significant issue all over the country...shyt even with the government but people stay acting like being a great athlete somehow makes a person immune.

 

[FaTaL]

Huh?
I’m not an accountant & I know to set aside money. You don’t have to be an accountant to understand saving is important

It’s a ego thing for athletes, they think the checks are always going to come like clockwork

 

[The_Dread_Dormammu]

Everything?

 

[Ohene]

It’s a ego thing for athletes, they think the checks are always going to come like clockwork

meh its not just athletes. a lot of people just haven't been taught or nurtured by their parents to save. theres a cultural issue - black people are generally a lot flashier and ostentatious. then you have the people who are impulsive by nature and cant delay gratification regardless of race.

why is it that we rarely hear white athletes go through this shyt? dont get me wrong, some like Mark Brunell do...but its a lot less common.

 

[theflyest]

I don't agree with all of this, but I know OU takes care of former athletes so I KNOW dude could have gotten financial advice & assistance from someone in the school. Sad to see this happen

He’s right, most people in general have no self control.

You can tell these guys horror stories and give them the resources to “help” them but it doesn’t matter if you have no self control

 

[KidJSoul]

meh its not just athletes. a lot of people just haven't been taught or nurtured by their parents to save. theres a cultural issue - black people are generally a lot flashier and ostentatious. then you have the people who are impulsive by nature and cant delay gratification regardless of race.

why is it that we rarely hear white athletes go through this shyt? dont get me wrong, some like Mark Brunell do...but its a lot less common.

I'm not sure if it's cultural, or if those white athletes simply grew up in mildly better financial situations so they have less of a want to floss money like that