It is not uncommon to hear about sports stars and entertainers going broke. Often, with the influx of large sums of money, they are clueless how to handle and preserve it wisely. This is especially true with younger athletes.
Many athletes land multimillion dollar contracts at a young age, sometimes right out of high school. At such a young age, these athletes have little to no financial experience. Yet, suddenly they find themselves thrust into a situation requiring a significant amount of knowhow. They have …Continue Reading