30 for 30 Broke Reflection : Luka zhang
1.What do you think the root of the problem as to why these multi-millionaires are going broke?
Because these athletes in have the money to buy a car, house, jewelry, and paying for child support
2.How did sports salaries change in the 1990’s? Explain the term “Keeping up with the Joneses”. Why does that lead to bad money management decisions?
Spend a lot of money to buy a car, clothes, jewelry and shoes trying to compete with your friends
3.What money management lessons could the average person learn from these stories?
Reasonable use of money, learn to finance and separating their needs from their wants
4.If you were a financial planner, how would you handle a pro athlete’s money?
I can make a money management, for athletes.
5.What do you think is the worst financial decision some of these athletes made that affected their lives for many years after they lost the majority of their money?
spending all their money of their Girlfriend and children