07-06-2016, 03:29 PM
(07-06-2016, 10:55 AM)Luvnit2 Wrote: It sounds to me as though his mother helped him make great decisions his entire life. I read it as a positive his mother would continue to be by his side insuring a young man with a ton of money is not lead astray by outside influences. These young guys go from broke to millionaires at age 21, so an adult close by can only help in my humble opinion.
I agree, but I think the best thing a parent can do is to help him find an experienced, reputable financial professional who knows how to make the money last. Listen, it matters nothing to me... I just know that a lot of people take on too much financial strain and end up back to broke (especially if they have a short career and/or don't get a big second contract).
$4 million is a lot of money, but it's not "we're rich and no one ever has to worry about anything again" money.
