This article failed to mention the latest casualty of poor use of money — multiple time NBA scoring champ — Alan Iverson. He blew away $154 Million in earnings and now can’t pay his bills.
SEE HERE:
http://www.cbsnews.com/8301-31751_162-57377966-10391697/after-$154m-allen-iverson-may-be-broke/
Truly, wealth is wasted on the undeserving....
At least they wasted their OWN money. Our Basketball / Golf Commander in Chief beats them all. Blowing Trillions of other peoples money.
Man, even if I bought everything I ever wanted I don’t think I could blow through 154 million bucks.
He must have some expensive hangers-on (aka posse)
Alan Iverson is a good, glaring example. So is/was Michael Vick. Vick’s current $100M contract is mostly for repaying debt and recovering from financial apocalypse. He is actually receiving only a small percentage of that contract for himself.
There are also people like Leonard Tose who gambled away the Philadelphia Eagles.