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Re: Why do so many NFL players go bankrupt?
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Originally Posted by Schneed10
Everything. The results of this particular mistake forever changed the course of their life. A smart person has the sense to assess the potential consequences of their actions. A dumb person throws caution to the wind and goes through life without ever stopping to think what could come of it.
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I don't think these people are necessarily throwing caution to the wind here. They may actually believe that they're being smart by investing money into a business (let's say a car dealership) than using it to buy a yacht.
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