Five reasons, professional athletes go broke, and you should avoid these traps too.

It's Brian Preston, the money guy, restoring order to your financial chaos, retirement,

investing, taxes.

You've got financial questions, he's got financial answers.

It's Brian Preston, the money guy.

Brian I'm super excited about this show because I imagine if someone's out there listening,

they just thought, oh, well, professional athletes, that's not me.

I didn't sign some big deal, I didn't sign some multi-million dollar thing.

What I love about this, we're going to go through are the top reasons why athletes

end up going broke.

What I think is amazing is how every single one of us can fall prey to this.

Every single person out there can allow these mistakes to penetrate into our financial

situation and can cause issues for us, even if we're not professional athletes.

Yeah, their mistakes are just like our mistakes.

It's just that they have a few extra zeros after them.

So the incremental decision making and the lost opportunity cost is just that much bigger.

This is what makes me sad.

It's because we talk about, wouldn't it be nice if we could do the Benjamin Button type

lifestyle where you come out with wisdom and knowledge so you could live life backwards.

That's not how it works.

Unfortunately, when you're young, you have all the energy, you have all the excitement

to do things, but you just don't have the perfect knowledge to do everything right.

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