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RE: Are You Crypto Rich? Learn These Skills Before You Lose It All!
great post @getonthetrain
Someone else mentioned counseling for lottery winners in other countries. I often think something like that should be instituted for young sports stars, paid for by the league, to make sure they are taking care of their future needs instead of blowing it all today.
Yes, this happens to a lot of sports stars as well. I think the tales of all the broke players of the past has finally hit home. I think that financial preservation is being taught, or at least talked about, in the locker room.
There are a few advertising contracts that have future lump sum deposits built in. Say 20 years from now the player gets a few million dollars for doing the ad today. Security to know that they will have something if they mess up before then.