Why athletes go broke.....

They go broke for the exact same reason that 90% of people who win the lottery go broke with in 5 years of winning it. They were poor their whole life, waiting tables to put their two-year-old through college some day, and then one day they're suddenly multi-millionaires. They have more money than they know what to do with, so instead of investing it, they blow it all on dumb shit. Add to that, all their friends and relatives who haven't spoke to them in years, all the sudden need to "borrow" money. And the people are stupid enough to lend it to them, thinking they'll actually get it back one day.

They go broke because they don't pay off their purchases when they first get it

Originally posted by KidRock
I think when it comes to people like Tyson, Holyfield and Vick they are use to growing up and living in poverty so when they get all this money they arent sure how to manage it and just blow it all.

I actually agree with that. It's like a person, who has been denied food for years while it sat right in front of them. They couldn't smell touch or taste it, so you know when they have opportunity to feast, they will, over and over again.

Originally posted by KidRock
I think when it comes to people like Tyson, Holyfield and Vick they are use to growing up and living in poverty so when they get all this money they arent sure how to manage it and just blow it all.

Tyson had a little help from Don King and his gold digger first wife.

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