SirLuck Posted July 6, 2012 Report Share Posted July 6, 2012 Weeden's looking to skip the bankruptcy club. In response to the stats that 78 percent of the players that leave the league after three or four years are not financially stable and deal with bankruptcy issues: “I’ve been smart with my money. I’ve been smart in all my decision-making,” Weeden said. “I heard a lot of the same stuff going back to my rookie year in baseball 10 years ago. I’m still living on my baseball money, so I’ve done things right. I didn’t get a ton of money playing baseball. Fortunately, I’ve got a wife that’s really smart financially, really frugal and she doesn’t go out and spend it for me. We’ve both got our heads on our shoulders and we want to be set for our kids and for the future.” I think that's great. I hope it means he will make smart decisions on the field too. The more I see of this guy, the more I like him. (and I wish my wife would become friends with his wife, lmao). Link to comment Share on other sites More sharing options...
ClevelandFanForLife Posted July 6, 2012 Report Share Posted July 6, 2012 He's good with money because he started collecting a pension 7 years ago. Link to comment Share on other sites More sharing options...
miktoxic Posted July 6, 2012 Report Share Posted July 6, 2012 card carrying member of the AARP. Link to comment Share on other sites More sharing options...
choco Posted July 6, 2012 Report Share Posted July 6, 2012 funny how those that shouldn't be allowed to drive anymore are dawgin weedz for his age. Link to comment Share on other sites More sharing options...
WRREBEL Posted July 6, 2012 Report Share Posted July 6, 2012 I could careless if he spends all his money on hookers and is broke after he retires... Just win baby! Link to comment Share on other sites More sharing options...
miktoxic Posted July 7, 2012 Report Share Posted July 7, 2012 I guarantee you he is smart with the football, too. wut cinda garanT? Link to comment Share on other sites More sharing options...
Kerrigan91 Posted July 7, 2012 Report Share Posted July 7, 2012 It doesn't take a lot to not go bankrupt with the kind of money they're making. Don't go out and buy 15 cars or a mansion the size of New Hampshire, don't do stupid stuff with your "posse", be careful with your investments. Worst case scenario, put half of it in a savings account. Good on Weeden for doing stuff the right way. Link to comment Share on other sites More sharing options...
SirLuck Posted July 7, 2012 Author Report Share Posted July 7, 2012 LOL, it DOES take a lot. A lot of planning, effort and DISCIPLINE. Jocks, how do you say this politely, are only sometimes at the top academically. I've met pro athletes, and even without being a financial planner have felt the urge to beg them to let me manage their finances. It's just a shame when you see them blowing it all or getting ripped off. But actually, "intelligence" and discipline are very separate things and they don't necessarily go hand in hand. Many a college graduate belong to the bankruptcy club too. Link to comment Share on other sites More sharing options...
Gafreleets Posted July 7, 2012 Report Share Posted July 7, 2012 plus those social security checks aint nothing to sneeze at. Link to comment Share on other sites More sharing options...
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