Football Ten reasons why ex-NFL players go broke... - Page 8

Msmith · 05-31-2012, 07:47 AM

1) Gross vs. net: It never fails; when my clients get their first NFL check they call me and say something is wrong. They are floored by how much is taken out for taxes and other deductions. Unfortunately, the shock doesn’t resonate long enough. I would say 90% of players have some type of direct deposit or their check gets mailed to their investment advisor and the players never see the net amount. Thus, they think they always are making more money (in gross numbers) than they actually are...

Link: http://www.nationalfootballpost.com/...-Go-Broke.html

Mr. Plow · 05-31-2012, 01:18 PM

Quote:

Originally Posted by Donger

Yeah, it was actually. Well, there was a convention going on at the resort.

How did you know that?

I've been to enough convention hotels to know their pricing on the buffet breakfast.

**DaKCMan AP** · 05-31-2012, 01:19 PM

Quote:

Originally Posted by Setsuna

Stop ****ing people over.

Micjones · 05-31-2012, 01:26 PM

Quote:

Originally Posted by vailpass

Usually these are expensable charges that you incur during business travel.

Absolutely. That just seems outrageous for a beer and a burger though.
And I've done my share of traveling and ordering room service.

**ChiTown** · 05-31-2012, 01:29 PM

Live within your means.

I have enough money to buy a fleet of BMW's, but that doesn't mean I can afford to buy them. That concept fails so many people, that I shouldn't be surprised, but I still am.

Chiefs Pantalones · 05-31-2012, 01:55 PM

It's mostly blacks. Crazy blacks.

ThaVirus · 05-31-2012, 02:07 PM

Quote:

Originally Posted by Tuckdaddy

Not to sound all fugged up or anything but the bling bling type are the ones going broke.

You know what I mean. I think you do.

Quote:

Originally Posted by Vanilla Thunder

It's mostly blacks. Crazy blacks.

You're a bit late..

vailpass · 05-31-2012, 02:08 PM

Quote:

Originally Posted by Donger

Yeah, I went down for breakfast the next morning and paid for myself and a colleague. $44 for two buffet breakfasts.

They don't make it up in dollars. They make it up by being there first thing in the morning with wonderful food and drink to eat in bed while watching the news.
I enjoy starting my day that way.

frankotank · 05-31-2012, 02:15 PM

Quote:

Originally Posted by Vanilla Thunder

It's mostly blacks. Crazy blacks.

It's TITS I'm telling ya! CRAZY TITS!

**Rain Man** · 05-31-2012, 02:16 PM

Quote:

Originally Posted by ChiTown

Live within your means.

I have enough money to buy a fleet of BMW's, but that doesn't mean I can afford to buy them. That concept fails so many people, that I shouldn't be surprised, but I still am.

What color of BMW?

**ChiTown** · 05-31-2012, 02:17 PM

Quote:

Originally Posted by Rain Man

What color of BMW?

Apricot

**Rain Man** · 05-31-2012, 02:31 PM

Quote:

Originally Posted by ChiTown

Apricot

Sweet.

mr. tegu · 05-31-2012, 02:33 PM

Quote:

Originally Posted by frankotank

unbelievable. the most obvious reason isn't even on the list.

Frank the Tanks list:
#1 - Tits

that's it. that's all
you spend money trying see 'em, touch 'em, suck 'em, make 'em bigger.
then you get yourself a set.
now you gotta spend money to support the tits host organism. and that's where it all goes to hell in a handbasket my friends!

Chiefs Pantalones · 05-31-2012, 02:49 PM

Quote:

Originally Posted by frankotank

It's TITS I'm telling ya! CRAZY TITS!

**Bugeater** · 05-31-2012, 04:29 PM

Quote:

Originally Posted by Micjones

Seriously? There was nothing overly complex about what you said.
You're just pretending not to know what I meant by "wasted" to suit your argument.

Of course you've never made six-figure jewelry or automobile accessory purchases. You can't afford them. But when you control for the income differential, I'll bet I could find some shit (you can afford) that you've blown money on.

No, I don't know what you meant. If you're going to equate me buying a six pack to them making half-million dollar status symbol purchases, then yes, I have wasted money. I don't see that as the same thing though.

Micjones · 05-31-2012, 04:33 PM

Quote:

Originally Posted by Bugeater

No, I don't know what you meant. If you're going to equate me buying a six pack to them making half-million dollar status symbol purchases, then yes, I have wasted money. I don't see that as the same thing though.

Whatever you say Suze Orman.

05-31-2012, 07:47 AM
Msmith Veteran Join Date: Jan 2004 Casino cash: $8238035	Ten reasons why ex-NFL players go broke... 1) Gross vs. net: It never fails; when my clients get their first NFL check they call me and say something is wrong. They are floored by how much is taken out for taxes and other deductions. Unfortunately, the shock doesn’t resonate long enough. I would say 90% of players have some type of direct deposit or their check gets mailed to their investment advisor and the players never see the net amount. Thus, they think they always are making more money (in gross numbers) than they actually are... Link: http://www.nationalfootballpost.com/...-Go-Broke.html
Posts: 2,068

05-31-2012, 01:29 PM	#109
ChiTown Stroking to the SB Champs! Join Date: Aug 2000 Location: Flatlands of Kansas Casino cash: $-331038	Live within your means. I have enough money to buy a fleet of BMW's, but that doesn't mean I can afford to buy them. That concept fails so many people, that I shouldn't be surprised, but I still am. __________________
Posts: 40,898

05-31-2012, 01:55 PM	#110
Chiefs Pantalones GO CHIEFS!!!!!! Join Date: Feb 2001 Location: Kansas City Casino cash: $6888717	It's mostly blacks. Crazy blacks. __________________ Don't be fooled by my username, I'm white.
Posts: 26,653