BREAKING: Professional Athletes Not Good with Money
Terrell Owens is the latest in a long list of guys who go broke quickly after their playing days end:
Owens earned around $80 million during his NFL career, but has found himself in deep financial trouble, despite never spending lavishly. In the February edition of GQ, Owens admits to trusting the wrong people, who in turn cost him a lot of his fortune
“It’s not a matter of having lived too large — he was never the type to stockpile Ferraris or build himself a compound; the flashiest car he ever drove was a Mercedes, and while he indeed racked up a few homes that cost as much as $4 million, the only crib he classifies as even mildly sick by pro-ball standards was the one he bought in Atlanta to live in during the Philly off-season.
The problem, he says, is that he’s by nature too trusting, loyal to a fault, despite everyone’s carping that he’s selfish. It’s the sad old stereotypical song of the up-from-nothing black athlete: He let other people take care of things.”