Sunday, May 27, 2012
Mo' Money Mo' Problems
Pro athletes are commonly involved in business opportunities gone wrong. Its a cultural issue more than anything. For example, NCAA academic standards for student-athletes are set low for high revenue sports, football and basketball. Most institutions are not concerned about these student-athletes studying subjects that can be helpful for being successful as a pro-athlete. There are several debates over what academic standard should be set for student-athletes. This link scratches the surface of the problems that pro-athletes face. Hiring the wrong people as advisers is the topic that got me thinking.
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Interesting- but even as individuals we rely on family and friends becasue we trust them. Just as asking a friend or someone we trust who was your realtor.The list goes on. It just seems that often times people with wealth either they manage it or mismanagement. I do like the statement in the article. The reason people go broke is because they don't know enough about money....
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