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	<title>Comments on: Why Athletes Go Broke</title>
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	<link>http://www.briancuban.com/why-athletes-go-broke/</link>
	<description>Brian Cuban's version of TRUTH, JUSTICE  and the UN-AMERICAN WAY</description>
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		<title>By: John McCauley, Jr.</title>
		<link>http://www.briancuban.com/why-athletes-go-broke/comment-page-1/#comment-14568</link>
		<dc:creator>John McCauley, Jr.</dc:creator>
		<pubDate>Wed, 07 Apr 2010 14:28:04 +0000</pubDate>
		<guid isPermaLink="false">http://briancuban.com/?p=348#comment-14568</guid>
		<description>Reading the astute and memorable words of John Smith was like a soothing breeze being ushered into a stagnant and heated room of hot air.  John Smith hit the nail on the head when he iterated that the best life for a financially endowed (rich) person is the one of simplicity.  If you are indeed fortunate to have access to nice sums of (legal) tender (money), consider yourself blessed and in a situation where you can do much good.  Use your good fortune as a tool and as a weapon to purvey good and benevolence.  Become more like our Master, the Christ, becoming selfless and more thoughtful of others.  Enjoy life, travel, live a moderate and balanced lifestyle in most things.  Remember in the end - when we leave this earth (as we all must) - we surely will take nothing with us, but our reputations and our deeds.  But then again, if you are going to that place we call &quot;Paradise&quot;, why would we really need to take anything...  Peace be unto you...  </description>
		<content:encoded><![CDATA[<p>Reading the astute and memorable words of John Smith was like a soothing breeze being ushered into a stagnant and heated room of hot air.  John Smith hit the nail on the head when he iterated that the best life for a financially endowed (rich) person is the one of simplicity.  If you are indeed fortunate to have access to nice sums of (legal) tender (money), consider yourself blessed and in a situation where you can do much good.  Use your good fortune as a tool and as a weapon to purvey good and benevolence.  Become more like our Master, the Christ, becoming selfless and more thoughtful of others.  Enjoy life, travel, live a moderate and balanced lifestyle in most things.  Remember in the end &#8211; when we leave this earth (as we all must) &#8211; we surely will take nothing with us, but our reputations and our deeds.  But then again, if you are going to that place we call &quot;Paradise&quot;, why would we really need to take anything&#8230;  Peace be unto you&#8230;</p>
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		<title>By: Anita Lobo</title>
		<link>http://www.briancuban.com/why-athletes-go-broke/comment-page-2/#comment-14382</link>
		<dc:creator>Anita Lobo</dc:creator>
		<pubDate>Sat, 27 Mar 2010 07:34:35 +0000</pubDate>
		<guid isPermaLink="false">http://briancuban.com/?p=348#comment-14382</guid>
		<description>Fav bit - most people die coming down from Mt. Everest not going up. The goal is for these athletes to get to their Mt. Everest AND to get down safely.  
Applies to business owners too! 
Intriguing post. 
Cheers 
Anita Lobo </description>
		<content:encoded><![CDATA[<p>Fav bit &#8211; most people die coming down from Mt. Everest not going up. The goal is for these athletes to get to their Mt. Everest AND to get down safely.<br />
Applies to business owners too!<br />
Intriguing post.<br />
Cheers<br />
Anita Lobo</p>
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		<title>By: Chris</title>
		<link>http://www.briancuban.com/why-athletes-go-broke/comment-page-2/#comment-14369</link>
		<dc:creator>Chris</dc:creator>
		<pubDate>Fri, 26 Mar 2010 00:40:34 +0000</pubDate>
		<guid isPermaLink="false">http://briancuban.com/?p=348#comment-14369</guid>
		<description>I think Skip is on his way to partially understanding the RELEVANCE of the misfortune of athletes AND Hollywoodsters (and ignorant Lotto winers) ... WHO REALLY CARES !!  Regardless of their background, their obvious ignorance, low intelligence or stupidity ... these people are sickening!!  They are NOT victims of their own wealth as your article seems to imply.  These are the most pampered, self-important, dumb-lucky, half-witted humans on earth!  They not only derserve to lose all of their capitalization, but they should be given a Darwin award and then taken right out of the gene pool so we can stop overpopulating this 3rd rock.  There are BILLIONS of people on this planet who can&#039;t live check-to-check or even day-to-day!  The majority of people in America (the middle class) work hard for their income, pay the tax bills including the huge Obamacare deficit.  Many are even well educated, but most are resigned to join the daily grind and constantly worry about where the next tripe will drop.  They have not been given such an instaneous increment of monetary fortune.  The self-serving behavior of Pro athletes are simply stupid.  You can hand them a fortune, and out of sheer GREED, IGNORANCE and disgusting EGO_MANIA, they will give it back!  Good ridens to all of them! </description>
		<content:encoded><![CDATA[<p>I think Skip is on his way to partially understanding the RELEVANCE of the misfortune of athletes AND Hollywoodsters (and ignorant Lotto winers) &#8230; WHO REALLY CARES !!  Regardless of their background, their obvious ignorance, low intelligence or stupidity &#8230; these people are sickening!!  They are NOT victims of their own wealth as your article seems to imply.  These are the most pampered, self-important, dumb-lucky, half-witted humans on earth!  They not only derserve to lose all of their capitalization, but they should be given a Darwin award and then taken right out of the gene pool so we can stop overpopulating this 3rd rock.  There are BILLIONS of people on this planet who can&#39;t live check-to-check or even day-to-day!  The majority of people in America (the middle class) work hard for their income, pay the tax bills including the huge Obamacare deficit.  Many are even well educated, but most are resigned to join the daily grind and constantly worry about where the next tripe will drop.  They have not been given such an instaneous increment of monetary fortune.  The self-serving behavior of Pro athletes are simply stupid.  You can hand them a fortune, and out of sheer GREED, IGNORANCE and disgusting EGO_MANIA, they will give it back!  Good ridens to all of them!</p>
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		<title>By: dirtyjax</title>
		<link>http://www.briancuban.com/why-athletes-go-broke/comment-page-1/#comment-12988</link>
		<dc:creator>dirtyjax</dc:creator>
		<pubDate>Sun, 06 Dec 2009 22:35:49 +0000</pubDate>
		<guid isPermaLink="false">http://briancuban.com/?p=348#comment-12988</guid>
		<description>Fantastic point... our academic curiculum needs to be geared to teaching kids about finances and real world skills.   </description>
		<content:encoded><![CDATA[<p>Fantastic point&#8230; our academic curiculum needs to be geared to teaching kids about finances and real world skills.</p>
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		<title>By: Mavericktrader</title>
		<link>http://www.briancuban.com/why-athletes-go-broke/comment-page-2/#comment-7449</link>
		<dc:creator>Mavericktrader</dc:creator>
		<pubDate>Wed, 23 Sep 2009 03:57:13 +0000</pubDate>
		<guid isPermaLink="false">http://briancuban.com/?p=348#comment-7449</guid>
		<description>Ever think about what it takes to become  financial sophistocated?  I deal with this very issue extensively in my new book.  I attribute this to a preprogram mindset that I call the Cultural Paradigm.  I hope you all get this book, it will prevent this from happening to you. </description>
		<content:encoded><![CDATA[<p>Ever think about what it takes to become  financial sophistocated?  I deal with this very issue extensively in my new book.  I attribute this to a preprogram mindset that I call the Cultural Paradigm.  I hope you all get this book, it will prevent this from happening to you.</p>
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		<title>By: mmagazine</title>
		<link>http://www.briancuban.com/why-athletes-go-broke/comment-page-2/#comment-6898</link>
		<dc:creator>mmagazine</dc:creator>
		<pubDate>Wed, 15 Jul 2009 15:13:13 +0000</pubDate>
		<guid isPermaLink="false">http://briancuban.com/?p=348#comment-6898</guid>
		<description>i don&#039;t have to go through the complicated and tedious process of filing taxes. These people came in with an army of people around them doing their account and getting a piece of that fortune too in the process. </description>
		<content:encoded><![CDATA[<p>i don&#039;t have to go through the complicated and tedious process of filing taxes. These people came in with an army of people around them doing their account and getting a piece of that fortune too in the process.</p>
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		<title>By: Debbi</title>
		<link>http://www.briancuban.com/why-athletes-go-broke/comment-page-1/#comment-5011</link>
		<dc:creator>Debbi</dc:creator>
		<pubDate>Wed, 01 Apr 2009 20:09:57 +0000</pubDate>
		<guid isPermaLink="false">http://briancuban.com/?p=348#comment-5011</guid>
		<description>So true 
I have found the best college that focuses on finances business and investing! You can take the courses online or in person with the experts in the field of study you choose. Not Teachers or motivational speakers but millionaires who practice what they preach and want to give back. 
If you would like to know more email me at otterson9@comcast.net 
everyone should take these courses Wish they were around 25 years ago. But I am glad I know it now! 
I&#039;m 117K dollars richer because of it!! </description>
		<content:encoded><![CDATA[<p>So true<br />
I have found the best college that focuses on finances business and investing! You can take the courses online or in person with the experts in the field of study you choose. Not Teachers or motivational speakers but millionaires who practice what they preach and want to give back.<br />
If you would like to know more email me at <a href="mailto:otterson9@comcast.net">otterson9@comcast.net</a><br />
everyone should take these courses Wish they were around 25 years ago. But I am glad I know it now!<br />
I&#039;m 117K dollars richer because of it!!</p>
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		<title>By: jddd</title>
		<link>http://www.briancuban.com/why-athletes-go-broke/comment-page-2/#comment-4845</link>
		<dc:creator>jddd</dc:creator>
		<pubDate>Thu, 26 Mar 2009 02:24:35 +0000</pubDate>
		<guid isPermaLink="false">http://briancuban.com/?p=348#comment-4845</guid>
		<description>Meanwhile, Michael Vick&#039;s $3M mansion sits empty in Atlanta, with no bidders at the last auction... 
 
I read a study once that said the least happy Americans were big lottery winners.  
The happiest - the Amish. They expect little, and are happy with what they have. If only we were all that smart! </description>
		<content:encoded><![CDATA[<p>Meanwhile, Michael Vick&#039;s $3M mansion sits empty in Atlanta, with no bidders at the last auction&#8230; </p>
<p>I read a study once that said the least happy Americans were big lottery winners.<br />
The happiest &#8211; the Amish. They expect little, and are happy with what they have. If only we were all that smart!</p>
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		<title>By: Ulio</title>
		<link>http://www.briancuban.com/why-athletes-go-broke/comment-page-2/#comment-3495</link>
		<dc:creator>Ulio</dc:creator>
		<pubDate>Mon, 20 Oct 2008 02:58:08 +0000</pubDate>
		<guid isPermaLink="false">http://briancuban.com/?p=348#comment-3495</guid>
		<description>I think it is weird . That most these  misfortunes occur in USA , how  come some of the European athletes never have such problems . Is it maybe that taxes for athletes in america higher then in europe ?
For why do they go broke ? I think it mostly because spending becomes a habit .
Like you said or Jordan mentioned ( am not sure ) that most of these athletes just keep spending the money when there even earning enough to compensate for it.</description>
		<content:encoded><![CDATA[<p>I think it is weird . That most these  misfortunes occur in USA , how  come some of the European athletes never have such problems . Is it maybe that taxes for athletes in america higher then in europe ?<br />
For why do they go broke ? I think it mostly because spending becomes a habit .<br />
Like you said or Jordan mentioned ( am not sure ) that most of these athletes just keep spending the money when there even earning enough to compensate for it.</p>
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		<title>By: Matthew</title>
		<link>http://www.briancuban.com/why-athletes-go-broke/comment-page-2/#comment-3253</link>
		<dc:creator>Matthew</dc:creator>
		<pubDate>Sat, 20 Sep 2008 02:02:11 +0000</pubDate>
		<guid isPermaLink="false">http://briancuban.com/?p=348#comment-3253</guid>
		<description>A Christian athlete (I won&#039;t name him without permission) was told, &quot;It must be easy to tithe making as much as you do.&quot;  His response?  &quot;It&#039;s never easy to write a $30,000 tithe check.&quot;</description>
		<content:encoded><![CDATA[<p>A Christian athlete (I won&#8217;t name him without permission) was told, &#8220;It must be easy to tithe making as much as you do.&#8221;  His response?  &#8220;It&#8217;s never easy to write a $30,000 tithe check.&#8221;</p>
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		<title>By: the insider</title>
		<link>http://www.briancuban.com/why-athletes-go-broke/comment-page-2/#comment-3202</link>
		<dc:creator>the insider</dc:creator>
		<pubDate>Sun, 14 Sep 2008 21:36:35 +0000</pubDate>
		<guid isPermaLink="false">http://briancuban.com/?p=348#comment-3202</guid>
		<description>Jordan Woy? On the surface it seem&#039;s like he is doing these guys a great service.
But why did he get sued by an annunity company that paid him to appear at his &quot;seminar&quot;, when they didn&#039;t get the PUSH that he promised? He gave the stamp of approval to another annunity company that also paid him to appear. All of the companies that appear there pay Jordan a large appearance fee.</description>
		<content:encoded><![CDATA[<p>Jordan Woy? On the surface it seem&#8217;s like he is doing these guys a great service.<br />
But why did he get sued by an annunity company that paid him to appear at his &#8220;seminar&#8221;, when they didn&#8217;t get the PUSH that he promised? He gave the stamp of approval to another annunity company that also paid him to appear. All of the companies that appear there pay Jordan a large appearance fee.</p>
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		<title>By: Cash</title>
		<link>http://www.briancuban.com/why-athletes-go-broke/comment-page-2/#comment-2938</link>
		<dc:creator>Cash</dc:creator>
		<pubDate>Tue, 19 Aug 2008 23:32:44 +0000</pubDate>
		<guid isPermaLink="false">http://briancuban.com/?p=348#comment-2938</guid>
		<description>@Brian,

Kudos for bringing up the topic. My response is on topic, even refuting ridiculous claims by sebastian.

Your brother had a windfall, how did he handle it?

I have personally known several people in military and college that went from true rags to mega riches including a Billionaire. I knew him when his invitation to me was to eat steamed squid and beer in his apartment in NYC because that was all he had! 

This issue cuts across race, class, gender and IQ, although Sebastian and Toolboy enjoy thinking otherwise.

I cringed when an aquaintance was out with an NBA player and he blew $800,000 in one night...more than most of us will make in a lifetime!

@Sebastian and Toolboy http://www.slate.com/id/2416/sidebar/50882/ The Bell Curve is obvioulsy severly flawed. Unfortunately you cannot find ANY other data to prove your theory.

http://www.slate.com/id/2416/sidebar/50883/  Of course we know you&#039;re dying to say the &quot;N&quot; word with your theory.

You&#039;re obviously a lower IQ for wasting so much time &quot;battling&quot; political incorrectness to please your deep desire to insult Aftican Americans, when your children will be overrun by Hispanics in this country in less than 50 years according to the U.S. Census.

Of course the below science was created by Jews, so for guys like you two, it will be impossible to accept.

There are many social scientists and geneticists who do not think IQ is a measure of total intelligence. 

&quot;The prevalence of different kinds of mental talents has led Harvard University&#039;s Howard Gardner to suggest that people possess seven different kinds of intelligence: the traditional notions of intelligence, such as verbal skills, mathematical reasoning and spatial abilities, as well as smarts in music and body movement, and social skills involving the degree of mastery a person has over himself and his talent for interacting with others. Conventional IQ tests measure only a tiny sliver of these skills, argues Gardner, thereby ignoring the &quot;genius&quot; of artists like Pablo Picasso, Martha Graham, and Igor Stravinsky.&quot; 

Yale&#039;s Robert Sternberg has created tests that measure &quot;practical intelligence&quot; to determine how well people do in real life situations. These tests predict job performance better than IQ tests. According to Sternberg, &quot;Many other factors, taken together have more influence on the outcome of people&#039;s lives than IQ&quot; such as personality, motivation, experience, and the environment in which he was born. Sternberg notes that &quot;in any field such as art, technology, teaching and science, creativity is at least as important as IQ.&quot; Even though many prominent social scientists dispute Murray and Herrnsteins&#039; total acceptance of IQ as the ultimate measure of intelligence we will accept their claim for the sake of discussion. 

Plus a list that directly blows away the Bell Curve. These are just 10 of the 100&#039;s of poor African American&#039;s that invented things like refrigeration, light bulb filament (which the original bulb patent was purchased by Edison from a Black man), the traffic light etc.

http://listverse.com/science/top-10-african-american-inventors/</description>
		<content:encoded><![CDATA[<p>@Brian,</p>
<p>Kudos for bringing up the topic. My response is on topic, even refuting ridiculous claims by sebastian.</p>
<p>Your brother had a windfall, how did he handle it?</p>
<p>I have personally known several people in military and college that went from true rags to mega riches including a Billionaire. I knew him when his invitation to me was to eat steamed squid and beer in his apartment in NYC because that was all he had! </p>
<p>This issue cuts across race, class, gender and IQ, although Sebastian and Toolboy enjoy thinking otherwise.</p>
<p>I cringed when an aquaintance was out with an NBA player and he blew $800,000 in one night&#8230;more than most of us will make in a lifetime!</p>
<p>@Sebastian and Toolboy <a href="http://www.slate.com/id/2416/sidebar/50882/">http://www.slate.com/id/2416/sidebar/50882/</a> The Bell Curve is obvioulsy severly flawed. Unfortunately you cannot find ANY other data to prove your theory.</p>
<p><a href="http://www.slate.com/id/2416/sidebar/50883/">http://www.slate.com/id/2416/sidebar/50883/</a>  Of course we know you&#8217;re dying to say the &#8220;N&#8221; word with your theory.</p>
<p>You&#8217;re obviously a lower IQ for wasting so much time &#8220;battling&#8221; political incorrectness to please your deep desire to insult Aftican Americans, when your children will be overrun by Hispanics in this country in less than 50 years according to the U.S. Census.</p>
<p>Of course the below science was created by Jews, so for guys like you two, it will be impossible to accept.</p>
<p>There are many social scientists and geneticists who do not think IQ is a measure of total intelligence. </p>
<p>&#8220;The prevalence of different kinds of mental talents has led Harvard University&#8217;s Howard Gardner to suggest that people possess seven different kinds of intelligence: the traditional notions of intelligence, such as verbal skills, mathematical reasoning and spatial abilities, as well as smarts in music and body movement, and social skills involving the degree of mastery a person has over himself and his talent for interacting with others. Conventional IQ tests measure only a tiny sliver of these skills, argues Gardner, thereby ignoring the &#8220;genius&#8221; of artists like Pablo Picasso, Martha Graham, and Igor Stravinsky.&#8221; </p>
<p>Yale&#8217;s Robert Sternberg has created tests that measure &#8220;practical intelligence&#8221; to determine how well people do in real life situations. These tests predict job performance better than IQ tests. According to Sternberg, &#8220;Many other factors, taken together have more influence on the outcome of people&#8217;s lives than IQ&#8221; such as personality, motivation, experience, and the environment in which he was born. Sternberg notes that &#8220;in any field such as art, technology, teaching and science, creativity is at least as important as IQ.&#8221; Even though many prominent social scientists dispute Murray and Herrnsteins&#8217; total acceptance of IQ as the ultimate measure of intelligence we will accept their claim for the sake of discussion. </p>
<p>Plus a list that directly blows away the Bell Curve. These are just 10 of the 100&#8242;s of poor African American&#8217;s that invented things like refrigeration, light bulb filament (which the original bulb patent was purchased by Edison from a Black man), the traffic light etc.</p>
<p><a href="http://listverse.com/science/top-10-african-american-inventors/">http://listverse.com/science/top-10-african-american-inventors/</a></p>
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		<title>By: Athletes and Bankruptcy &#124; Ride of my Life</title>
		<link>http://www.briancuban.com/why-athletes-go-broke/comment-page-2/#comment-2807</link>
		<dc:creator>Athletes and Bankruptcy &#124; Ride of my Life</dc:creator>
		<pubDate>Mon, 04 Aug 2008 17:41:46 +0000</pubDate>
		<guid isPermaLink="false">http://briancuban.com/?p=348#comment-2807</guid>
		<description>[...] has a brother (an attorney, works with Mark&#8217;s companies) who wrote a great article, Why Athletes Go Broke.  It highlights a few other famous athletes who have gone broke, including Mike Tyson, Dorothy [...]</description>
		<content:encoded><![CDATA[<p>[...] has a brother (an attorney, works with Mark&#8217;s companies) who wrote a great article, Why Athletes Go Broke.  It highlights a few other famous athletes who have gone broke, including Mike Tyson, Dorothy [...]</p>
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		<title>By: Hawk</title>
		<link>http://www.briancuban.com/why-athletes-go-broke/comment-page-2/#comment-2775</link>
		<dc:creator>Hawk</dc:creator>
		<pubDate>Fri, 01 Aug 2008 22:37:28 +0000</pubDate>
		<guid isPermaLink="false">http://briancuban.com/?p=348#comment-2775</guid>
		<description>Okay...for those that don&#039;t believe, look at Michael Beasley.  For those who don&#039;t know who he is...he was this years #1 draft pick in the NBA.  ESPN had a video capturing his life moments prior to the draft.  The dude drives up in a freaken Maybach wearing a very expensive suit and jewlery.  He had probably already spent $750,000 before he even signed a contract.

Now don&#039;t get me wrong, I&#039;m not emplying that all professional athletes do this but it&#039;s the Beasley&#039;s of the world that get the spot light.  Unfortunately for them, they&#039;re still in the spot light as they walk down to file for bankruptcy.

This too is nothing new to those who win big lotteries.  A suggestion for your next article, do something about people who have won over $100MIL in a lottery.  I&#039;d like to see how all of those people are doing, especially those who chose to take the cash up front instead of a steady check coming in over the next 30 years of their life.</description>
		<content:encoded><![CDATA[<p>Okay&#8230;for those that don&#8217;t believe, look at Michael Beasley.  For those who don&#8217;t know who he is&#8230;he was this years #1 draft pick in the NBA.  ESPN had a video capturing his life moments prior to the draft.  The dude drives up in a freaken Maybach wearing a very expensive suit and jewlery.  He had probably already spent $750,000 before he even signed a contract.</p>
<p>Now don&#8217;t get me wrong, I&#8217;m not emplying that all professional athletes do this but it&#8217;s the Beasley&#8217;s of the world that get the spot light.  Unfortunately for them, they&#8217;re still in the spot light as they walk down to file for bankruptcy.</p>
<p>This too is nothing new to those who win big lotteries.  A suggestion for your next article, do something about people who have won over $100MIL in a lottery.  I&#8217;d like to see how all of those people are doing, especially those who chose to take the cash up front instead of a steady check coming in over the next 30 years of their life.</p>
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