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Old 05-04-2010, 03:23 PM   #89
Schneed10
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Join Date: Feb 2005
Location: Newtown Square, PA
Age: 46
Posts: 12,458
Re: Why do so many NFL players go bankrupt?

Quote:
Originally Posted by SirClintonPortis View Post
Intelligence is not a measure of "knowledge". So, can people stop using examples of athletes not "knowing" what to do with money as a lack of "intelligence" when it is in fact a case of being ignorant. They may be "slower" in figuring things out and thus are less "intelligent" in that sense, but simply not knowing how to balance a budget is a problem of ignorance.
This is a great point, ignorant is a good word.

Despite my finance background, I'm even ignorant of the best way to manage $100M. Difference is, I'm smart enough to know that I need to learn more about it before I go giving any money to people.
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