Old school Kings - Scot Pollard
- Thread starter RoyalDiva
- Start date
Yay!! It seemed impossible that he'd ever find a transplant heart.
https://www.espn.com/nba/story/_/id/39540863/scot-pollard-ex-kansas-nba-player-gets-heart-donor
https://www.espn.com/nba/story/_/id/39540863/scot-pollard-ex-kansas-nba-player-gets-heart-donor
From Scot a while ago:
People see that I made $38 million in my career and they immediately assume you’re worth that. Fifty percent of that is gone to taxes. So now you’re down to $17 or $18 million. Four percent goes to your agent. You have to live. And there are legal expenses. You’ve got your financial advisor that takes a percentage of everything you invest. It chips away. There’s a 90 percent post-retirement divorce rate for NBA players, and I got divorced.
That being said - I am stoked for dude to get a second chance at life. Not his fault his heart quit on him, and I don’t think medical bills should bankrupt people. I’m hoping for a continued recovery for him and for health and happiness for his family.
People see that I made $38 million in my career and they immediately assume you’re worth that. Fifty percent of that is gone to taxes. So now you’re down to $17 or $18 million. Four percent goes to your agent. You have to live. And there are legal expenses. You’ve got your financial advisor that takes a percentage of everything you invest. It chips away. There’s a 90 percent post-retirement divorce rate for NBA players, and I got divorced.
That being said - I am stoked for dude to get a second chance at life. Not his fault his heart quit on him, and I don’t think medical bills should bankrupt people. I’m hoping for a continued recovery for him and for health and happiness for his family.
the kids that go to college should get a financial literacy course if they take one class. kinda crazy with the money they make they could do the most boring investments and quintuple their career income without having to give more than fractions of a percent to vanguard/fidelity/schwab.
Divorce will do it though. Looks like he rebounded nicely though.
@RoyalDiva is right though, I know some of those celebrity net worth place have reported people I am acquainted with as multiple millionaires and they are anything but (working musicians)
Divorce will do it though. Looks like he rebounded nicely though.
@RoyalDiva is right though, I know some of those celebrity net worth place have reported people I am acquainted with as multiple millionaires and they are anything but (working musicians)
Man, even if one decides to go down the road of a managed portfolio (or a similar service), where they don't have to actively be involved in the everyday decisions of buying/selling more shares, or whatever the case may be, that would be a much better investment of their hard earned cash than some of the stuff that people drowning in an endless supply of Benjamin's end up doing once the smoke clears.
Not to side step the discussion but financial literacy should be taught in high school like a core class. I’ve spent more than a decade in school after high school and it was never once brought up. I didn’t really get a full grasp of it until 5-10 years after working and I’d argue it’s more important than anything I picked up in college