Former Boston Celtics star Antoine Walker spent/lost $110 million. What a shame. “Get the word ‘No’ in your vocabulary. You’re going to have to say no to a lot of people that are very important to you. Stick to your financial plan and don’t invest until you’re done with your career when you’re able to be hands-on,” said Walker.
My first piece of financial advice to pro athletes (and you) is to spend only 3% of your portfolio. Low interest rates are forcing all retirees to take less and less each year. Walker’s new book Gone In An Instant will be released early next year. Don’t take it from me, but investing isn’t about what you make it’s about what you keep.