The Blue Board

+1 for making a non-Bama post

These clowns need to wear some rubbers...jesus christ

My wife and I were talking during the show about how amazing it is that people who make $1M+/month can easily, easily spend enough to go in debt, while people that barely make $1500/month (or less) are able to make ends meet as long as they discipline themselves and make tough decisions.

the more you really sit and think about it, the more unsurprising it is. The fact that you would have that much money in that short amount of time most people who have never had any amount of money would just blow through it thinking it's never going to stop. One car turns into 4, which then turns into one for every day of the week. Each of your buddies then needs a car and a house, which turns into each of their buddies needing $1k here or there.

Who the crap needs a 50k sq home with two bowling alleys? If you're living by yourself, get a freaking apartment, or a small house, go get a nice car, but limit it to one. And please, don't be be stupid and go get a DUI. You would think athletes could just afford a freaking driver. They could as plastered as they want and not worry about a DUI or jail time, or being suspended and losing more money on top of being fined. But then again with all the crap they're buying and all the crap everyone else keeps asking for, there's just no room.

They can get paid 1 of 3 ways, all at the beginning of the season, broke up throughout the season, or all at the end.
Darrell Smith, Keith Delong and I talked on this very subject.
Many get it all at the beginning, and are borrowing on next years salary before the end of the season.
Simple fact is most have never seen that kind of money and the blow through it like its nothing, and end up broke, sad thing is the NFL does have a retirement, but most dont qualify

Exactly and that goes with much smaller amounts too.

I have seen people out of school and get a job that pays like 30,000 or so which is not a lot, but try telling that to a 20 something year old. Next thing you know they have a new vehicle, get a nice not so cheap place, around here they may buy an ATV or a motorcycle too, take trips to the beach and New Orleans a few times a year and of course they party and eat out often. New laptops, new guns, whatever.

The worst thing though are those big ticket items I mentioned, next thing they know they have 20,000-30,000 in monthly payments a year and after a couple of years they have a bunch of crap and bills they can't get rid of and no longer have any disposable income and are making just barely, I mean barely more than they started out making. At which point they start using credit cards and the hole just gets deeper....Actually now that I think about it this is most of America, lol.

Point being that most people have no idea how to handle money at all it seems people always think they have or make more than they do and don't realize otherwise until it's too late.

Sadly, a lot of times, those are the people that exploit their lack of financial knowledge the most.

LOL at them not knowing about taxes.

For sure. You get 25 million and you should make 400-750K a year just from your money for the rest of your life.

Municipal bonds, property, etc. You could go hella conservative and still make bank.

I wonder what personal property taxes/utility bills are for a 10 million dollar house, 5 cars etc...

tough to keep money when you are not bringing it anymore..

Ever wonder why a lot of athletes live in Texas? No taxes

that was tough to watch. never been a huge kosar fan, but i really felt for that guy. you're f*ing dad? really?