Athletes become broke after retirement because of overspending, unexpected expenses, poor financial advice, but also feeling guilty about not helping others around them. One of the early tips of financial advice was to pay oneself before paying others. It’s easy to look at the purchase of houses or unexpected as something that can be prevented, but helping family and friends is something that isn’t as easy to give up.
Abdullah Al-Bahrani and Darshak Patel have a great paper in the Southern Economic Journal that looks at using ESPN 30 for 30 to teach economics.
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