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Why do so many NFL players go bankrupt?

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Old 05-04-2010, 03:14 PM   #1
53Fan
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Re: Why do so many NFL players go bankrupt?

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No you're wrong.If you invested $1000 and I play football and invest 1,000,000 in the same thing and it goes bad ...you think I'm dumber then you or did I just have more money to invest?
Point, if I had 5 million and I go to a finacial counselor and he hooks me up with Emron ,AIG and Benie Madoff.........5 years ago ....I'm smart ,but after last 2 years I'm dumb according to you.
You're a Giants fan Giantone. You'll always be dumb to us.
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Old 05-05-2010, 03:44 AM   #2
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Re: Why do so many NFL players go bankrupt?

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You're a Giants fan Giantone. You'll always be dumb to us.
LOL....right back atya!
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Old 05-04-2010, 03:21 PM   #3
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Re: Why do so many NFL players go bankrupt?

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No you're wrong.If you invested $1000 and I play football and invest 1,000,000 in the same thing and it goes bad ...you think I'm dumber then you or did I just have more money to invest?
Point, if I had 5 million and I go to a finacial counselor and he hooks me up with Emron ,AIG and Benie Madoff.........5 years ago ....I'm smart ,but after last 2 years I'm dumb according to you.
If you put 100% of your money in any stock at any time, whether Apple, Enron, AIG, or Coca Cola, you're dumb.

What if that one company goes out of business?
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Old 05-05-2010, 03:33 AM   #4
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Re: Why do so many NFL players go bankrupt?

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If you put 100% of your money in any stock at any time, whether Apple, Enron, AIG, or Coca Cola, you're dumb.

What if that one company goes out of business?

Find the post I said 100% of my money,read again I said if you invested $1000 and I did 1 million according to you if we invest in the same thing and it goes under I'm stupid but your not,I might have lost more money bit you are just as dumb as everyone else.
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Old 05-04-2010, 04:07 PM   #5
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Re: Why do so many NFL players go bankrupt?

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Originally Posted by Giantone View Post
No you're wrong.If you invested $1000 and I play football and invest 1,000,000 in the same thing and it goes bad ...you think I'm dumber then you or did I just have more money to invest?
Point, if I had 5 million and I go to a finacial counselor and he hooks me up with Emron ,AIG and Benie Madoff.........5 years ago ....I'm smart ,but after last 2 years I'm dumb according to you.
If an FA suggested Enron to you 5 years ago, not only would you be dumb, but so would he.
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Old 05-05-2010, 03:35 AM   #6
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Re: Why do so many NFL players go bankrupt?

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If an FA suggested Enron to you 5 years ago, not only would you be dumb, but so would he.
You know what I meant .
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Old 05-04-2010, 10:50 AM   #7
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Re: Why do so many NFL players go bankrupt?

I agree with irish (there I said it)
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Old 05-04-2010, 10:51 AM   #8
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Re: Why do so many NFL players go bankrupt?

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I agree with irish (there I said it)
Which part? Because I'm baffled.
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Old 05-04-2010, 10:52 AM   #9
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Re: Why do so many NFL players go bankrupt?

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Which part? Because I'm baffled.
You can be intelligent and make dumb mistakes, even big dumb mistakes.
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Old 05-04-2010, 10:58 AM   #10
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Re: Why do so many NFL players go bankrupt?

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You can be intelligent and make dumb mistakes, even big dumb mistakes.
OK we'll have to agree to disagree on that one. I like to think the term "intelligent" is relative, not everyone can be considered so.
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Old 05-04-2010, 12:12 PM   #11
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Re: Why do so many NFL players go bankrupt?

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You can be intelligent and make dumb mistakes, even big dumb mistakes.
Agreed. I've made big and little dumb mistakes in life, and I'm educated and consider myself pretty intelligent. It's not the fact that you made the mistake that makes you unintelligent, it's whether or not you learn from it.

If these guys invest in one business that fails, then they go buy 5 houses, then invest in another business that fails, then trust an attorney who swindles them, then they go buy 3 cars, then trust a money manager who swindles them... Well, then they're pretty stupid.

The mistake itself doesn't necessarily make one stupid. Repeating that mistake over and over again however, well that's another story.
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Old 05-04-2010, 11:19 AM   #12
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Re: Why do so many NFL players go bankrupt?

Bottom line. S10 has financial training, they don't. They dumb, he smart.
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Old 05-04-2010, 11:24 AM   #13
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Re: Why do so many NFL players go bankrupt?

The majority are from a poor backgrounds and were never taught how to save or manage their money.
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Old 05-04-2010, 11:24 AM   #14
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Re: Why do so many NFL players go bankrupt?

Hey,you can only "make it rain" for so long.

I saw an article that showed the Boat --floating house--that Big Al bought after he signed his deal last yr. Not to mention most of these guys have houses so big that they could have another family living with them and never know it.
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Old 05-04-2010, 11:28 AM   #15
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Re: Why do so many NFL players go bankrupt?

IMO if you blow through 40+ million you should have your @$$ whipped.
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