Let me just state for the record I do not make a habit of reading sports related stories in the news. I don’t seek them out, but I do like to peruse the titillating titles scrolling across the yahoo page after I check my email. That’s how this article about a former NFL player whom we all loved to despise caught my attention. The synopsis read “Terrell Owens nearly broke”. My befuddled brain screamed “Seriously?? WTF???”
How does a person who earned upwards of 80 million dollars in a few short years go broke??? Which of course made me want to see how many other rich assholes squandered their millions and ended up poor like the rest of us….
So I googled it….
Turns out it’s more common than you might think…except in the case of Billionaires, they just plummet from having Billions down to mere Millions. Poor babies….however do they survive??? Also turns out most of them file bankruptcy only to protect their assets so they’re only broke on paper. I interpret that as they live in a multimillion dollar estate but are forced to drive a Chevy. Heartbreaking, ain’t it??
I did find several articles listing newly made Millionaires who got rich by winning the lottery, and had no clue how to handle all that money. They say money doesn’t buy happiness but honestly I think it made these dummies so deliriously happy that they lost their damn minds and went broke buying things like solid gold life sized statues of Elvis or some other such garbage. What money can’t buy is class, or brains….
We’ve already discussed what I would hypothetically do or not do if I won the lotto. Mostly I would A) find a good financial advisor, B) hire a good accountant and C) plan accordingly so as to live out the remainder of my life in comfort, and ensure the comfort of my children’s lives.
If I win the lotto and end up broke 5 years later, I give you all permission to whoop my ass. I would totally do the same for any of you….
‘Cuz I’m a giver….