Professional athletes are very well compensated for their physical gifts and dedication to their sport. Teams will pay millions of dollars for an athlete to play for their team. Companies pay millions for them to endorse their products, and the public pays millions (collectively) to watch them perform. So, how can some athletes get themselves into so much trouble financially? You’d be surprised how much debt gets incurred. This infographic highlights some of the most high profile financial fumbles, many of which came from bad choices – both personal and financial.
Here are some successful athletes who just didn’t have the same skills when it came to finances. No matter how much money you make, our credit counseling advice is to always manage it wisely.
If you’re struggling to pay off debt, ACCC can help. Schedule a free credit counseling session with us today.