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Why athletes go broke...
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These items have no value until/unless they're sold. If they're selling them it is certain they need the money.
In Brunell's case, and others, they are told in the rookie symposium they are now rich, if they want to stay rich they should buy real estate. Which in the last 100 years is a good investment, but it's a long term investment and there are short term collapses in the market. Brunell got caught up in a downturn because he invested a larger portion of his money into real estate. Additionally, athletes are told to invest/buy restaurants when restaurants are a hugely bad investment. Enormously bad investment. Regards....................the Chiefjag |
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