Comments on: Why Athletes Go Broke http://www.briancuban.com/why-athletes-go-broke/ Brian Cuban's version of TRUTH, JUSTICE and the UN-AMERICAN WAY Mon, 06 Feb 2012 21:13:24 +0000 hourly 1 http://wordpress.org/?v= By: Credit Card http://www.briancuban.com/why-athletes-go-broke/comment-page-2/#comment-36760 Credit Card Wed, 13 Jul 2011 13:20:40 +0000 http://briancuban.com/?p=348#comment-36760 very interesting. i think there is a curious case of perception differing from reality. the individuals are under the impression they have all that money and spend like its never going away without attention of costs. very interesting. i think there is a curious case of perception differing from reality. the individuals are under the impression they have all that money and spend like its never going away without attention of costs.

]]> By: asdfgsa http://www.briancuban.com/why-athletes-go-broke/comment-page-1/#comment-35737 asdfgsa Mon, 09 May 2011 10:14:36 +0000 http://briancuban.com/?p=348#comment-35737 Getting a large sum of money is especially hard if you never came from money. I received a personal injury settlement & ended up through stock market losses & just plain stupidity/waste, blowing $500,000 in less than 1 year. Luckily I invested 1/2 of it in an annuity that pays me for life. If I have learned & can recommend only 1 thing from all if this, those commercials you see on TV, offering to buy your annuity, DON'T DO IT! My annuity is the only thing that saved me. Odds are that once you sell your annuity, probably for pennies on the dollar, the money will be gone & you will be in the same position you were before you sold the annuity. Guaranteed income for life, is better than a small or large lump sum, at least for most people that is, since they don't k wo how to manage money. Getting a large sum of money is especially hard if you never came from money. I received a personal injury settlement & ended up through stock market losses & just plain stupidity/waste, blowing $500,000 in less than 1 year. Luckily I invested 1/2 of it in an annuity that pays me for life. If I have learned & can recommend only 1 thing from all if this, those commercials you see on TV, offering to buy your annuity, DON'T DO IT! My annuity is the only thing that saved me. Odds are that once you sell your annuity, probably for pennies on the dollar, the money will be gone & you will be in the same position you were before you sold the annuity. Guaranteed income for life, is better than a small or large lump sum, at least for most people that is, since they don't k wo how to manage money.

]]> By: DAT GUY http://www.briancuban.com/why-athletes-go-broke/comment-page-2/#comment-14677 DAT GUY Mon, 19 Apr 2010 17:14:37 +0000 http://briancuban.com/?p=348#comment-14677 Great article, BUT it does not take a brain sergnt to figure out if you sit on a lumpsum of cash you can live off your interest alone.. It's sad to read stories like this but I don't feel bad for them none of them!! SO SK I AGREE!!! Great article, BUT it does not take a brain sergnt to figure out if you sit on a lumpsum of cash you can live off your interest alone.. It's sad to read stories like this but I don't feel bad for them none of them!! SO SK I AGREE!!!

]]> By: John McCauley, Jr. http://www.briancuban.com/why-athletes-go-broke/comment-page-1/#comment-14568 John McCauley, Jr. Wed, 07 Apr 2010 14:28:04 +0000 http://briancuban.com/?p=348#comment-14568 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 "Paradise", why would we really need to take anything... Peace be unto you... 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 "Paradise", why would we really need to take anything… Peace be unto you…

]]> By: Anita Lobo http://www.briancuban.com/why-athletes-go-broke/comment-page-2/#comment-14382 Anita Lobo Sat, 27 Mar 2010 07:34:35 +0000 http://briancuban.com/?p=348#comment-14382 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 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

]]> By: Chris http://www.briancuban.com/why-athletes-go-broke/comment-page-2/#comment-14369 Chris Fri, 26 Mar 2010 00:40:34 +0000 http://briancuban.com/?p=348#comment-14369 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'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! 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'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!

]]> By: venelatin http://www.briancuban.com/why-athletes-go-broke/comment-page-1/#comment-14226 venelatin Sat, 13 Mar 2010 13:16:21 +0000 http://briancuban.com/?p=348#comment-14226 yes, true and scary!!! They shoudnt get that much money is a big mistake!!! yes, true and scary!!! They shoudnt get that much money is a big mistake!!!

]]> By: Demtron http://www.briancuban.com/why-athletes-go-broke/comment-page-2/#comment-14217 Demtron Fri, 12 Mar 2010 17:29:56 +0000 http://briancuban.com/?p=348#comment-14217 All Americans, including pro athletes, should start a business for themselves at live off the earnings from that business for a period of a few years. You learn how to scrape by and pay the bills until you become cash-flow positive. Going through that period provides a needed perspective on what you have, how lucky you are, and the purpose that money should serve one's life. All Americans, including pro athletes, should start a business for themselves at live off the earnings from that business for a period of a few years. You learn how to scrape by and pay the bills until you become cash-flow positive. Going through that period provides a needed perspective on what you have, how lucky you are, and the purpose that money should serve one's life.

]]> By: dirtyjax http://www.briancuban.com/why-athletes-go-broke/comment-page-1/#comment-12988 dirtyjax Sun, 06 Dec 2009 22:35:49 +0000 http://briancuban.com/?p=348#comment-12988 Fantastic point... our academic curiculum needs to be geared to teaching kids about finances and real world skills. Fantastic point… our academic curiculum needs to be geared to teaching kids about finances and real world skills.

]]> By: Mavericktrader http://www.briancuban.com/why-athletes-go-broke/comment-page-2/#comment-7449 Mavericktrader Wed, 23 Sep 2009 03:57:13 +0000 http://briancuban.com/?p=348#comment-7449 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. 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.

]]> By: mmagazine http://www.briancuban.com/why-athletes-go-broke/comment-page-2/#comment-6898 mmagazine Wed, 15 Jul 2009 15:13:13 +0000 http://briancuban.com/?p=348#comment-6898 i don'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. i don'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.

]]> By: Debbi http://www.briancuban.com/why-athletes-go-broke/comment-page-1/#comment-5011 Debbi Wed, 01 Apr 2009 20:09:57 +0000 http://briancuban.com/?p=348#comment-5011 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'm 117K dollars richer because of it!! 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'm 117K dollars richer because of it!!

]]> By: jddd http://www.briancuban.com/why-athletes-go-broke/comment-page-2/#comment-4845 jddd Thu, 26 Mar 2009 02:24:35 +0000 http://briancuban.com/?p=348#comment-4845 Meanwhile, Michael Vick'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! Meanwhile, Michael Vick'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!

]]> By: Ulio http://www.briancuban.com/why-athletes-go-broke/comment-page-2/#comment-3495 Ulio Mon, 20 Oct 2008 02:58:08 +0000 http://briancuban.com/?p=348#comment-3495 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. 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.

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