We’ve all read that crazy teaser of a story about the rich millionaire athlete that made a fortune only to blow it all and be completely broke a few years after they finish playing their sport of choice. The Mike Tysons of the world who earn $300 Million just to end up bankrupt one year into “retirement”. There is something sadistic and intriguing about the unwise financial choices others make. It certainly becomes story-worthy when the numbers are in the millions.
However, as much as we prefer not to admit it, we all have a little broke millionaire athlete in us. In fact, we tend to make the same money mistakes without the media spotlight or the spectacular meltdowns of well known celebrities. So, why are we just like the millionaire athletes that go broke? Do we make the same money mistakes as the ultra rich? Continue reading The Broke Millionaire Athlete in Us All