Rags to Riches to Broke: Why Professional Athletes Struggle with Money

Originally posted on Tue, September 26, 2017 

A headline we hear of all too often…It seems as though every year we hear about another professional athlete that files for bankruptcy. It is unfathomable to think a person who earns tens of millions of dollars a year can file for bankruptcy. What causes an athlete from making more money than most people do in a lifetime down the path of “going broke.”

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