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Syracuse Athletics
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Tyler Ennis released by Los Angeles Lakers
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[QUOTE="CusefanATL, post: 2255463, member: 853"] Yeah - its way more complicated than my post. I did a beginners level. But its not easy going from making 1.5 million to 50k. unless you are veryyyy well planned for it. Sure he has plenty time from 22 until 65. but is he (or I for that matter) really capable of spending $1 million in 2017 and $50,000 (pre tax dollars keeping it simple) in 2018? he doesnt have compounding interest time to keep his standard of living - There is a huge psychological factor that us regular people will never understand. And 22 yr old kids that make 1.5 million almost certainly dont understand until its too late. There is a reason there are so many bankruptcies. I used to think it was just stupid people doing stupid things - but i have changed my tune a lot. Our staff and program MAY recommend a few financial teams to help - but even then its up to the player to actually do it. edit * also realized my spell check turned my misspelled word to physiological instead of psychological in my original post [/QUOTE]
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Tyler Ennis released by Los Angeles Lakers
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