Topic > Money Mismanagement Among Professional Athletes

When people typically see professional athletes they see the lavish lifestyle, they see the big contracts, and they think they need to be financially settled for the rest of their lives. This however is not the case, as becoming a professional athlete is similar to winning the lottery only genetically. Being an athlete creates a large amount of income early in life, but that income dwindles to zero once retirement arrives. The documentary Broke is a collection of interviews and incidents that show the mismanagement of money by professional athletes. Whether the athlete played basketball, baseball, football, or was a boxer, it didn't matter, there have been multiple cases where an athlete who made millions in that sport ended up filing for bankruptcy. This is a surprising set of circumstances for many, but that's the realism for athletes right now. Professional athletes should learn better money management techniques, to provide adequate knowledge and stability for their future endeavors once their playing days are over. With such a large portion of athletes...