trimatty471
Established Member
Joined: Dec 21, 2010 3:59:02 GMT -5
Posts: 482
|
Post by trimatty471 on Dec 23, 2021 9:29:19 GMT -5
In this case, I don't think that will happen. She is still living in the home where she brought up her two children as a single mom. Nothing fancy and still driving the old car. She doesn't want him exploited by others. I hope she helped him work on a budget for his allowance. Remember I used to audit tax returns. There are lots of professional athletes based in the Denver area. Many of them were on allowances through their financial advisors. The one that I didn't like was the one that had to turn in receipts to get reimbursed for his expenses. This sounds like NBA player Michael Williams. He is getting an NBA salary and endorsements. He lives off of $100,000 per year and is saving/investing the rest. Singer Brandy's mother, a former Financial Analyst managed her career and guided her finances as well. Brandy still work but she could retire if she wanted to.
|
|
laterbloomer
Senior Member
Joined: Dec 26, 2018 0:50:42 GMT -5
Posts: 4,350
|
Post by laterbloomer on Dec 23, 2021 11:12:05 GMT -5
I kinda sorta agree with both of you but I doubt we'd have the same reaction if the financial advisor wasn't his mother. If instead he paid a 3rd party firm to manage his money we'd be saying he was very sensible. Especially when we're comparing it to a story of an athlete who wasted millions. I kick myself for not being more responsible in my 20's. That we could have more options now if I'd been more disciplined then, but combined dh and were making under $60k back then. Sometimes a lot less. I don't know if I could forgive myself for wasting what could amount to a lifetimes income. One of my biggest regrets is the money I spent smoking and drinking in my 20's. (Actually smoked into my 40's) If I had invested that money I be comfortably retired now. And I didn't make a lot of money at that age.
|
|