3 ms·
I'm sorry but I feel really unsympathetic about this story. And I've read basically the same thing in multiple places. You will always find examples of people w
by yardie 17y ago
I'm sorry but I feel really unsympathetic about this story. And I've read basically the same thing in multiple places. You will always find examples of people with the extreme misfortune of having more money than brains. These people are in a special class because nothing you do or say will ever change the outcome.
I've sat through the classes as the coach brought in a "life coach" to explain money, contracts, and being an adult. Most will absorb the information and understand. You get the few wayward knuckleheads where nothing matters. If you present a real life case of misfortune they will imagine a scenario where they dance around. Example:
Coach: ...this star athlete let his best friend be his money manager. He mishandled it and our athlete was broke and owned the government $100ks in taxes.
Knucklehead: That won't happen to me. I'd let my mom handle the money, she's good with numbers.
Coach: Son that's not the point. YOU have to be aware of YOUR finances or you could find yourself in the same situation.
Knucklehead: Nah, I trust my mom. She'd never do me like that.
>> Not the actual conversation but similar.
If they were in the 40s or 50s when star athletes were starting to post large numbers I could feel a little sympathy. They might not have known, but if you are in the 20s or 30s chances are someone has given you the speech on protecting your interests first.