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Word Count: 576
Seventy-eight percent of NFL players go bankrupt within five years of retirement In the past few decades there has been a significant increase of professional athletes salaries The increase of people watching professional sports as entertainment has contributed to this Inflation has also added to the increase of salaries of professional sport players Although I believe that athletes in the NFL NBA and MLB make a remarkably amount of money I think that they deserve what they make They have worked extremely hard to make it in professional sports and they make a great deal of revenue for the owners of their team Whether they play the same sport or not modern professional athletes have several similarities These similarities range from most athletes committing adultery to them purchasing unnecessary goods as in jewelry worth thousands of dollars Athletes believe they can do what they want without any repercussions Athletes compete with their teammates and other professional athletes by seeing who has a better car or larger house After retiring these athletes go from exceptionally wealthy to completely bankrupt in only a few years They think that their income will last forever while it usually only lasts less than ten years They buy houses and expensive cars for their family members and friends which are frequently using them for their money Another contribution to them abruptly losing money is them being uneducated in money or hiring terrible financial advisors Sometimes they just invest in terrible companies Although other people may have lead to professional athletes financial despair their troubles rest solely on their decisions If they decided to spend their money on unnecessary things or not saving it they have to deal with the consequences If people have a poor upbringing and spontaneously come into money they commonly have financial troubles They would not have been able to spend money on financial education Additionally they buy things they were not able to afford previously They think
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