Monday, March 25, 2013
Terrell Owens, Allen Iverson, Antoine Walker, Vince Young. The list goes on. What do all these guys have in common? Well, they're broke. Despite once being millionaires and world class athletes, these dudes are broke. But, it didn't have to be that way. There are plenty of dudes who have been able to parlay their sports careers into wealth.
Take Magic Johnson for example. He's parlayed his basketball career into an empire. Even after being diagnosed with HIV, which could have been career (and life) ending, Magic just kept buying Starbucks & movie theaters. And look at him now, he owns 2/3 of L.A. Michael Strahan. He's got a gap in his teeth and now he sits next to a perky White girl on a national morning talk show. He's winning. George Foreman wasn't smart enough to give his 12 kids different names, but he was smart enough to slap his name on that grill.
That's why it baffles me when you hear of the latest, former millionaire, who's filing for bankruptcy. I mean, how many chains and rims did you buy? Bet you regret poppin that last $600 bottle in the club don't you. Until athletes (and Black people for that matter) understand the difference between being rich and being wealthy, going broke will always be an issue.
Let me break it down for you: as long as you're cashing a check endorsed by someone else, YOU AIN'T WEALTHY.