Why do so many NFL players go bankrupt?

[Schneed10]

Originally Posted by SmootSmack

Schneed, have you never done anything dumb in your life?

Sure, but nothing that results in such drastic consequences.

The thing that makes these athletes so dumb is the consequence of their actions. They have the chance to set themselves up for life, to have the financial freedom to work in just about any field they want without worrying about money like the rest of us. But they give that all away with careless handling of their assets. It's a huge mistake.

Now, is it the worst thing in the world to return to a life where you need to get a job to support yourself? No, that's the life I'm living now, and I'm happy.

But think about where they could be. That's what's so dumb.