Bates admits to being in a bad head space

[*TheLeonardLeap*]

(11-15-2021, 08:11 PM)ochocincos Wrote: I'm just saying it's not as much as it sounds when thinking about how long that would have to stretch if he were to not work again or invest it.

When I think of "live comfortably," I think of not ever having to work again if I didn't want to and not worrying about additional investment money coming in, all while doing the things I'd like to do and own.

If Bates never plays another down, he'd need his remaining money to cover the remaining 40+ years of his life.
If someone has an annual salary of $150k at the age of 25, they'll make $6 mill by the time they hit 65.

Depending on the person's definition of "living comfortably," making $150k might not be that comfortable if they want to have a nicer house, live in a more expensive city, go out to eat often, travel, etc.

For example, the median home price around Nashville, according to Zillow, is $368,567.
You're easily spending $450k+ for a nicer home.
If you wanted to live somewhere like Austin, TX, the median home cost is $550k.
The typical home value in LA is $913k.

On top of that, the $6.8 mill he's made in his 4 years was much higher taxed than if he had made $6.8 mill up the age of 65, so he actually would make less after taxes than someone who made the same money pre-tax across the span of 40 years.

Then you also have to account for inflation over the next 40 years, and that $6.8 mill could empty quicker than you'd think.

You're honestly trying to spin $6.8m as not much money? Child please.

You're also acting like the NFL is his ONLY source of income right now as if zero endorsement or appearance money has been made at all. 

Not to mention that all of your nonsensical numbers is based off the fact that he just stuffs the money into a mattress rather than even safe investments.

On top of all of that, he has already qualified for an NFL pension because that only takes 3 credited years in the NFL to qualify for. So once he's 55 he'll be getting yearly checks from that as well.

He only has $6.8m, plus endorsement money, plus a pension, and in this theroetical situation where he can play 0 more games suddenly and it keeps him from being capable of working he would have access to NFL disability of up to an extra $135k/yr. How could he possibly ever survive? Poor him.