70% of all professional athletes will go broke within five years of retiring from their sport. There are many reasons why this occurs, but they can be grouped into five categories. This quiz asks a series of questions which can help determine what may be a hurdle to your financial success. These questions may be targeted to professional athletes, but are applicable to everyone. As anyone can find themselves on the receiving end of a nice sum of money, it is important to identify the risks that you may face.
You May Get
Bad Investments
Trust Mismanagement
Baseball
Football
Basketball
10%
20%
40%
60%
Strip Club
Buy Mom a new house
Throw a party
Buy a new car
Trusted relative
Trusted friend
Someone who was recommended to you
Do it yourself
Your agent
A relative
A trusted friend
Someone who was recommended to you
Do it yourself
Your agent or manager
A relative
A trusted friend
Someone who was recommended to you
Do it yourself
Small, yet comfortable.
Average size.
Deluxe apartment high rise in the sky.
B.I.G.
Spend it on things I want, including gifts for others
Immediately put it somewhere safe.
Put off making any decisions until I felt less overwhelmed.
Figure out ways of investing it to get the best possible return.
Give most of it away to organizations that can make the world a better place.
I make sure it never influences my life choices.
I enjoy spending it on gifts and anything else that gives me pleasure.
I think about it a lot and strategize how to make more of it.
I hold onto it and enjoy thinking about the security it provides.
I try not to think about it and hope it will take care of itself.
To save enough money now so I never have to worry about it.
Nothing.
To have enough of it to ensure that I can buy whatever I want.
To have enough to satisfy my basic needs, and then give the rest away.
To make as much of it as possible, as quickly as possible.
Really nice pick-up truck
Escalade with 24's
Custom Ferrari
Bicycle
I have a driver
Skip my senior year, I'll be drafted high
Graduate, but potentially go down in the draft
I'm always astonished to find out how much tax I owe.
I save regularly for taxes, and usually file my return well before it's due.
I hate the whole thing and try to get it done with as little fuss as possible.
I always have to scramble to get my return done and find cash to pay my taxes.
I take pride in paying less on my increased income, if I can.
Miami, Vegas, or in any party town with a pool
Paris or New York City
Disney World
Hometown
Cribs.
The Apprentice.
Cops.
Is part of the reason I work so hard.
Is who I credit for my success.
Are my role models.
Are dead to me.
0
1
2
3
4
5+
You wouldn't know how to manage all that money.
You might spend it all without saving.
Fear? NO FEAR!
You could lose all of your money and end up with nothing.
My buddy is making more on investments than I am.
Gladly pick up the tab for the whole table...and sometimes even for the new friends you made at the next table!
Pull out your calculator to calculate exactly how much everyone owes.
Quickly throw down your credit card without even picking up the bill.
Pick up the tab because you love treating your friends, or at least pay for those who have less money than you do.
Managing money is overwhelming.
Save it for a rainy day.
Wealth corrupts people.
Easy come, easy go.
Wait!
Here's an interesting quiz for you.