Five years Quote by Andy Stanley
““According to Sports Illustrated, an amazing 78 percent of NFL players find themselves bankrupt or financially stressed within two years of retirement. And 60 percent of NBA players are broke within five years of walking off the court.””
About This Quote
Source Talk: Financial Stewardship, 2018
Many professional athletes face financial ruin shortly after retirement due to poor money management.
In simple terms: Athletes often go broke after careers.
Plan finances early and wisely.
Themes
Mood
Type
When to use this quote
- retirement planning
- investment education
- career transition
- budgeting
Key Concepts
Questions to Reflect On
- What safeguards can protect sudden wealth?
- How can leagues improve financial education?
Athletes may lack financial education despite high earnings.