Posted by oldtanker on March 30, 2012 at 21:16:39 from (66.228.255.239):
In Reply to: OT-650million posted by MF Poor on March 30, 2012 at 16:53:16:
Quoting Removed, click Modern View to see
Yep it's true. Same thing is true about pro athletes too.
What happens is they want to live that dream. The mansions, jet setting....ECT. When you win 50 mil and buy a 3-4 mil house in your home state, one in Key West and another on the west coast and have to heat and cool them, staff them and everything else plus pay taxes on em it all adds up.Like the one guy who did all that and got a Lear Jet.....Don't help when the "old friends and relatives" all come out of the wood work too.
Most of them don't understand investments, trust funds and such.
What bothers me is that most of the pros attended college......they should at least know......but then listen to some of em in interviews.......guess they really didn't have to learn much.
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