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Money Management

Debt Fact – Most Pro Football, Baseball and Basketball Players Go Broke

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Sports Illustrated estimates that 78 percent of former National Football League players, within two years of retirement, are bankrupt or “under financial stress because of joblessness or divorce.” Within five years of retirement, an estimated 60 percent of former National Basketball Association players “are broke.” Recession or no recession, many NFL, NBA and Major League Baseball players have a penchant ... Read More »

Where to Find Free Cash in an Absolute Emergency

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An article in the Wall Street Journal was bolder that I might have been about the realities of the best place to find cash in an emergency. When I read the article I broke out in a huge smile for ear to ear. Amen. People make the same chronic mistakes when they get into a financial bind if they have ... Read More »

There Is No Good Debt and Bad Debt. Debt Is Debt.

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Like nails on a blackboard, the mere mention of this notion that there is good debt and bad debt, irritates me. Debt is debt. So I was reading this article on a law enforcement site about debt faced by police officers and it was trying to rationalize the old good debt versus bad debt argument. The concept of good debt ... Read More »

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