Making Money Minute - October 22 2025
Update: 2025-10-25
Description
Making Money Minute with Ron Hiebert - Making VS. Keeping Money
Making big dollars and keeping the money you made are two very different skill sets. Professional athletes are often great earners but pathetic savers. Nearly four out of 5 retired NFL football players are bankrupt or under financial stress. In the National Basketball Association, 2 out of every three retired players are broke after 5 years. Earning huge amounts of money, tricks you into thinking that the windfall will never end, and there is no need to learn good savings and investment skills. Unfortunately for most, the dream has a sad ending.
Making big dollars and keeping the money you made are two very different skill sets. Professional athletes are often great earners but pathetic savers. Nearly four out of 5 retired NFL football players are bankrupt or under financial stress. In the National Basketball Association, 2 out of every three retired players are broke after 5 years. Earning huge amounts of money, tricks you into thinking that the windfall will never end, and there is no need to learn good savings and investment skills. Unfortunately for most, the dream has a sad ending.
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