Dimensions
139 x 209 x 14mm
Financial management for athletes, their families, and the fans, from an NBA veteran who played the game and won. 60 percent of NBA players are broke within five years of retirement. 78 percent of NFL players are broke or financially struggling within two years of retirement. Dennis Rodman preferred going into rehab over paying child support. Why and how can this possibly happen to people making millions of dollars a year? In his sixteen years of professional sports, former NBA center Adonal Foyle watched as friends and colleagues burned through their salaries, endorsement and merchandising money to land themselves in serious hardships. In Why Athletes Go Broke, Adonal provides the dos and donts of managing your wealth. Breaking down expenses point by point, from taxes to luxury goods to one's own family, his advice is straightforward and honest, yet the narrative maintains the humor and warmth Adonal is known for. Drawing on experiences from his thirteen year career, as well as interviews with current and retired athletes, he breaks down a comprehensive list of financial pitfalls along with approaches to protect your wealth. This is a book for more than just professional athletes-it is a life guide for every person who wants to stay on track and keep their wealth.
