THE LEDGER

On average, professional athletes who manage to land big-figure contracts from teams looking to source their talent face the challenge of handling a large sum of money at a young age.  Many times, you’ll hear about a young talent primed and ready to take the sport by storm, tries to hold onto a large sum of money, and ends up spending it in one go. One such example of this financial horror story is Shaquille O’Neal, who managed to spend an eye-watering $1 million within an

Professional athletes receive a large paycheck during the peak of their careers that can give them a false sense of financial security. Many make the mistake of living like a one-day billionaire because they make many expensive unnecessary purchases and fail to consider long-term financial stability.