Sunday, May 18, 2014

Don’t fumble a financial windfall: Plan a strategy

Don’t fumble a financial windfall: Plan a strategy:
"According to a 2012 Vanderbilt University study, 70 percent of lottery winners end up bankrupt. Additionally, the more money they receive, the more likely it is they'll go broke.
The statistics as they relate to the NFL are even worse.
Granted, most NFL careers are barely two years long.
Yet it's still shocking that, according to Sports Illustrated, an amazing 78 percent of NFL players will eventually file for bankruptcy or endure severe financial hardship.
These statistics speak to simple human nature:
The bigger the bowl of candy, the more you're likely to eat."

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