At first, I thought this was A-Rod being pretentious and self-serving.
But, after reading the article, I understand his plan.
With so many young men having no training in handling money, the fact they suddenly have tens of millions, makes them think it is never, ever going away.
The unfortunate scenario of this is it's like being on a diet.
You start a diet and once you stop you find that losing the weight was slow and difficult; but, once you stop, the weight is re-gained faster than ever -- it seems.
Also, as Kobe Bryant said during his interview with Jim Hill, when Hill asked him what was the first lesson he learned when he signed his first million dollar contract?
Kobe's response was, (paraphrasing) when a relative asks for a million dollars and you give it to them, they come back the next year and ask for another million dollars.
Instead of doing that, Kobe said, if they earn $2,000 a month, give them an income of $2,000 a month.
Which leads me to one of the things A-Rod mentions in the article about renting houses.
If you don't have enough monthly income from retirement, etc, the athletes needs to consider acquiring a long term income from a portfolio real estate properties.
That's where my expertise is needed.
There are solid, long term investment properties all around us. You just have to be aware of what's available and what's good and bad.
Enjoy the article.
ARod wants to stop Athletes from Going Broke!
To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!
But, after reading the article, I understand his plan.
With so many young men having no training in handling money, the fact they suddenly have tens of millions, makes them think it is never, ever going away.
The unfortunate scenario of this is it's like being on a diet.
You start a diet and once you stop you find that losing the weight was slow and difficult; but, once you stop, the weight is re-gained faster than ever -- it seems.
Also, as Kobe Bryant said during his interview with Jim Hill, when Hill asked him what was the first lesson he learned when he signed his first million dollar contract?
Kobe's response was, (paraphrasing) when a relative asks for a million dollars and you give it to them, they come back the next year and ask for another million dollars.
Instead of doing that, Kobe said, if they earn $2,000 a month, give them an income of $2,000 a month.
Which leads me to one of the things A-Rod mentions in the article about renting houses.
If you don't have enough monthly income from retirement, etc, the athletes needs to consider acquiring a long term income from a portfolio real estate properties.
That's where my expertise is needed.
There are solid, long term investment properties all around us. You just have to be aware of what's available and what's good and bad.
Enjoy the article.
ARod wants to stop Athletes from Going Broke!
To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!
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