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Mark Brunell is all out of money

Discussion in 'Sports and News' started by ifilus, Nov 2, 2011.

  1. ifilus

    ifilus Active Member

    Action News Jacksonville reports the current Jets backup and former Jaguars hero has managed to run through $50 million as an active player and will have to start a 9-to-5 job as soon as his NFL career is over.

    And that will be soon. Brunell plans to retire from the Jets after this season and, because of his financial misfortunes, will have to become a regular working stiff. Bankruptcy filings show Brunell has a job lined up to work as a medical sales representative after he's done holding a clipboard in New York.



    http://www.thepostgame.com/blog/dish/201111/nfl-quarterback-will-have-work-9-5-after-18-year-career
     
  2. Smasher_Sloan

    Smasher_Sloan Active Member

    It's an issue I'll never face, but if I had $50 million, I'd focus on keeping as much of it as possible rather than trying to turn it into $100 million.
     
  3. HanSenSE

    HanSenSE Well-Known Member

    Perhaps he'll pay a call on JaMarcus Russell? [/crossthread]
     
  4. Chef2

    Chef2 Well-Known Member

    He invested in whataburger.

    Nuff said.
     
  5. Baron Scicluna

    Baron Scicluna Well-Known Member

    This. I'll never understand how these guys don't just say "no" to investing in wild schemes.

    And worse is when they end up supporting their entire families. I understand supporting your parents, or maybe a relative who has health issues. But you hear of these guys supporting siblings, cousins, friends, instead of telling them to get off their asses and get a job.
     
  6. 93Devil

    93Devil Well-Known Member

    Johnny U and Brooks Robinson also went bust.

    Stupidity with money goes across color barriers.

    1/4 in savings
    1/4 in stocks
    1/4 in real estate
    1/4 in bonds

    And partnerships and business ventures are for idiots if you already have millions.
     
  7. Mizzougrad96

    Mizzougrad96 Active Member

    It never ceases to amaze me how these guys don't just throw a couple million into an account where they could live off the interest for the rest of their lives...

    Blow through the rest, do whatever, invest in whatever, but keep enough socked away so you can live off the interest for the rest of your life.

    If Brunell isn't a coach somewhere before the 2012 season I'll be stunned.
     
  8. RickStain

    RickStain Well-Known Member

    Everyone acts amazed and swears they would never let it happen, but a high percentage of ordinary people who suddenly get large amounts of money go broke.

    You don't know how you'd act until you get there.
     
  9. LongTimeListener

    LongTimeListener Well-Known Member

    I bet the church got at least $5 mil of that cash. He was the pre-Tebow.
     
  10. JC

    JC Well-Known Member

    Baron telling people to get off their asses and get a job, priceless.
     
  11. TigerVols

    TigerVols Well-Known Member

    GOLD!
     
  12. Drip

    Drip Active Member

    I want to get there.
    No means No in my book.
    Another point is no one bothers to tell these guys that you won't be making$50 million for the rest of your life.
    To go from $30,000 to $0 is a fall. To from $50 million to $0 is a catastrophe.
     
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