Winning the Money Game: Lessons Learned from the Financial Fouls of Pro Athletes (Paperback) (ISBN-13: 9780062342607)

A successful NBA veteran offers essential financial management advice for athletes, their families, and the fans to help them protect and keep their wealth.

Over his sixteen-year career, former NBA center Adonal Foyle has watched other pros burn through their salaries, endorsement, and merchandising money, creating serious financial and legal hardships. While top professional athletes make millions, many have little in their bank accounts soon after hanging up their jerseys. Sixty percent of NBA players are broke within five years of retirement. Nearly eighty percent of NFL players are strapped within two years of retirement.

Winning the Money Game offers much needed advice and insight to help these players--and the rest of us--manage money better. Drawing on experiences from his career, as well as interviews with current and retired athletes and financial pros, Foyle compiles a comprehensive list of money pitfalls as well as practical approaches to avoid them. In his straightforward, warm, and humorous voice, he breaks down expenses point by point, from taxes to luxury goods to family needs, outlining essential dos and don'ts to help you spend, save, and grow your money wisely.

Smart, concise, and packed with proven advice, Winning the Money Game is a life guide for pros--and everyone who wants to protect their wealth.