Professional athletes have it made. They're paid millions of dollars over a short career and have the money to put away for a comfortable retirement.
Or do they? A Sports Illustrated article about how and why athletes go broke details how some pro athletes, instead of putting some of their high salaries in safe investments, instead find the riskiest investments around and end up bankrupt.
While the average person might not think that they'd make such poor decisions if they were in the same boat, the story does provide some financial lessons that may apply too anyone's life. Granted, they're more likely to apply if you win millions in the lottery or find yourself with a contract to sign with a pro sports team, but they are lessons worth remembering. Here are a few: