Posts Tagged ‘athletes’

postheadericon Outside Perspective on Money and Relationships

There was no way that I would pass up discussing this article I found this morning titled Does Money Ruin Relationships? First I want to note that this article was in the Ethipoian Review and what is being discussed is money in the United States of America the problems that surrounds it in different situations.

Clearly points out “the mega divorce settlements in the United States there was adultery involved. It looks at our athletes that were in college and then went pro signing huge contracts which leads to all kinds of money problems.” It goes on to share about with the athletes there is spousal abuse, child support and yes infidelity. Then the high priced attorney comes in for representation.

I was amazed at the detail of this article. I am not in disagreement with what is written but I want to say especially when it comes to the athletes more than likely prior to becoming a professional athlete they did not know how to manage money. Look at their background what was the environment they grew up in, did they have access to money and even how did they go to college. Then once they became a pro athlete they had people telling them what to do and some not looking out for their best interest.

I am sure just like me you have seen news report after news report where athletes once retired have money issues and it is hard to believe. Money by itself cannot do anything but the person managing or mismanaging it leads to problems that continue for quite a period of time.

This article also talks about the politicians and “spreading their oaks” it says. But somewhere in there believes that money is a part of it. Well, I have had my fill of watching politicians being exposed for their infidelity to last me a life time because I do not like what it does to the wife nor the kids (if they have any) that are now being thrust into the limelight because of the husband choosing to be with another person. The PRICE of infidelity is tooo high for people to pay.

I do not believe money ruins relationships. It is how people handle, think about, utilize, manipulate and control money that ruins relationships. What do you think?

postheadericon Debt Does not Stop with Subprime but Celebrities

My readers know that I am a researcher which is such a love of mine. A couple of days ago, I wrote a post about Professional Athletes and Marital Issues and last night when I was doing some research, this article came to my attention entitled Bankruptcy filings may hit 1.4 million.  That in itself I cannot say if that surprised me because several years ago when I was a professional writer for a blogging site and I primarily wrote on mortgages and homeownership, there were sooooo many stories about the bankruptcies being filed at that time that courthouses could not even keep up.

I digress, I continued to read because this is what caught my attention: ”

Debt problems don’t stop with subprime borrowers. Celebrities who filed for bankruptcy in July included movie actor Stephen Baldwin, who sought protection from creditors after lenders began foreclosure procedures against his home. Lenny Dykstra filed for Chapter 11 bankruptcy in a petition that says the former Major League Baseball All-Star owes between $10 million and $50 million”.

Mismanagement of money runs the gamut and believe me debt is equal opportunity celebrity or not, professional athlete or not.  Sure, I know many of you are thinking celebrities, professional athletes should have someone managing their money – and they probably do but for some obviously it is not working.

If you have not started, begin getting your finances in order today.


postheadericon Professional Athletes are not Immune to Marital Issues

This is one of those things that I have always known because some become professional athletes at such a young age and are bombarded with limelight, money and opportunities that they are not necessarily prepared for. I came across this story tonight and could not resist sharing it, it is titled Taking Vows in a League Hit Hard by Divorce.

This story shares that 78% of NFL players are bankrupt, divorced or jobless. WHOA! That statistic says that they are not being protected nor surrounded by people that are truly looking out for their best interest long term. There is absolutely NO REASON on GOD’s Green earth why these individuals should end up bankrupt or jobless.  I had to say it that way.

This is the way I see it – their job is to play football but is not a reason for them to neglect their marriage.  It still takes work – TEAMWORK as a matter of fact. The wife cannot feel as if she is doing all the work. Furthermore, the athlete should not be made to feel as if he is strictly a cash machine.

There is sooo much in this article but another thing I want to point out is it says, “When athletes retire, most face an identity crisis. Many do not retire on their own terms, and once they leave the game, they also leave behind the fame and fortune, the crowds and adoration. Their wives experience a similar loss of status.”  Wives need to have their own identity whether they are married to a professional athlete or not because as soon as that person stops that particular position she could easily fall into depression. That does not help that husband in any way shape or form, especially if he did not leave that position on his own terms.

Athletes and wives should be taking the time to establish who they are outside of his job. What are your dreams and goals? If he was not a professional athlete what would both of you be doing? What is it you would do if you had to retire today?

Being a professional athlete does not define who you are. Put a plan in place so that when the job is done, you can move on to the next phase of your life with minimal stress and disarray to your household.

Read the article and share your thoughts here.