People spend all of their $ showing off to all their old friends & family at first.
Then they spend all of their $ showing off to all their new "rich friends".
By the 3rd cycle.....called "realization" they are usually on the bench & 5 minutes away from losing their job.
This isn't just NFL players.....its all people that come from nothing into $ quickly.
When you come from nothing its very hard to understand the importance of saving. Since you grew up in an atmosphere where "check to check" was the norm. When the fam got the big "xmas bonus" it was immediately spent on some big ticket Item. It has to be unlearned. It's a vicious cycle.
|