From a series of articles on si.com:
http://www.si.com/nfl/2016/08/26/womens-week-nfl-wives-rachel-terrill-finances
"In 2014, the median household income in the United States was $53,657. The same year, the median salary for an NFL player was roughly $770,000. But despite that drastic difference, money issues are as prevalent in the NFL as they are in many other American homes. Quantifying what it means to have “enough” is relative and someone else will always have more than you. I remember when a friend retired in his early thirties with over $15 million in savings, a veteran NFL wife asked me, “What are they going to do now?”
“Whatever they want,” I answered. “They have more than $15 million invested, so they won’t ever have to work again.”
“But they can’t retire off of that amount. Not for the rest of their lives,” she answered. In her mind, that could never be enough."
Given that the average doctor has a much level of education than the average NFL player, this should just continue to reinforce that education/intelligence doesn't mean anything when it comes to money management. The average physician and the average NFL player seem to be at the same skill level when it comes to managing money.
http://www.si.com/nfl/2016/08/26/womens-week-nfl-wives-rachel-terrill-finances
"In 2014, the median household income in the United States was $53,657. The same year, the median salary for an NFL player was roughly $770,000. But despite that drastic difference, money issues are as prevalent in the NFL as they are in many other American homes. Quantifying what it means to have “enough” is relative and someone else will always have more than you. I remember when a friend retired in his early thirties with over $15 million in savings, a veteran NFL wife asked me, “What are they going to do now?”
“Whatever they want,” I answered. “They have more than $15 million invested, so they won’t ever have to work again.”
“But they can’t retire off of that amount. Not for the rest of their lives,” she answered. In her mind, that could never be enough."
Given that the average doctor has a much level of education than the average NFL player, this should just continue to reinforce that education/intelligence doesn't mean anything when it comes to money management. The average physician and the average NFL player seem to be at the same skill level when it comes to managing money.
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