Why do so many NFL players go bankrupt?

[SmootSmack]

Originally Posted by Schneed10

Can you explain to me why it takes knowledge, or intelligence, or whatever to protect yourself from spending all your money??

Because my 3 year old is capable of looking in her piggy bank and counting how many quarters she has, and whether she has enough to buy a Dora doll.

Well like I said before, a lot has to do with misplaced trust. Because maybe your 3 year old daughter can look in her piggy bank. But maybe your 3 year old says to your 2 year old son (assuming you have one) "Look, this isn't my area of expertise but this what you get paid to do for lots of people. So look after my piggy bank for me" And then...the money's gone because your daughter made the mistake of trusting your son. Your daughter's fault? Probably. But is that idiocy or ignorance, or is it one and the same? Confucious once say "Real knowledge is to know the extent of one's ignorance."

Additonally, I suspect this 78% must include a lot of Marcus Mason type players. Granted, Mason I'm sure has made a pretty penny in his brief cup of coffee with the league, still he's not a multi-millonaire. Is he?