idk about birth control although I understand your reasoning. We are currently trying to require drug tests for people to receive their welfare checks
I'm with you 100% man. I am currently in NP school (haha guy nurse, I know) but I have an assistantship that pays the bills working with undergraduate students. Not joking, the vast majority don't know how to write a check, how to send a letter, none-the-less how to budget the money they have. Yeah Brunell should've known when to say "enough" on the stupid investments, but I doubt he got any sorta advice except for "play for a big contract".
We learned how to file a tax return in senior year. That was about it as far as personal finances went.
I'll be honest, I have no clue how to file a tax return. Idk about you but I think thats more important than say taking a 3rd year of Spanish.
If Brunell had financial advisors giving him bad advice and putting his money at risk this is really a sad story. From the sound of it he didn't run out and blow his wad on fancy cars and über mansions in 5 different states. Sometimes you just trust the wrong people to make decisions for you.
Too bad for Mark, he made some poor business decisions and was probably poorly advised and trusted the wrong people. I know that all the financial genuises on the TGG would never possibly blow that kind of dough, but in the real world it happens all the time. Hopefully he can get things straightened out.
Listen, in this country today, there are more common Americans facing bankrupcy then ever before. If the Gov. can bail out the banks and big business I say fuck it, declare and get it over with. I would agree, that most people would have kept a part of 50 million in some secure safe investment for a rainy day, yet sounds like he tried to cover his loans with his own cash. This is admirable but not very smart business on Mark's part.
It seems like half these guys that blow all their money on bad investments do it because they try and turn into venture capitalists for retarded businesses. Restaurant concepts, casinos, pie-in-the-sky web crap with no way of ever making money. Are they just too cool for a bond portfolio? Seriously, step away from the guy who wants you to go halfsies on his flying car prototype and go Google "compound interest."
Yes, it's truly sad. People can't even balance a checkbook or file their own simple, basic tax return without running to H&R Block. Ridiculous. By filling out the return themselves, they learn the basics. I did it for many years, until my finances got unbelievably complicated. But I at least understand the differences between what's considered income and what are legitmate tax deductions. As far as investments, I think some people are just not as personally involved as they should be if they're going to throw around that kind of money. Writing out a check to a real estate investment group is inviting trouble if you don't know where the money is going and do your own due diligence. And if you're going to do that and do it properly, who TF needs the investment group to begin with? Just buy a shopping center yourself after you've properly investigated all the pros and cons, traffic patterns, demographics of the area, credit worthiness of the anchor tenants, etc. Okay, but you're an NFL quarterback and don't have time for this kind of due diligence? Fine. Don't fucking write the check then. Put it in corporate, federal or municipal bonds until you do have the time and your career is over. All of this should be taught from Middle School on up. I'm amazed at what is coming out of schools nowadays. Not only can they not even balance a checkbook or file a simple return, they can't even type. That's right, type a fucking business letter to a financial institution. And let's not even get into spelling or grammar. We're turning out a nation of dumbells with every graduating class.
Agreed... personal finances have got so bad, we need to change what we consider important in schools. If we can teach kids how to type and cut wood, why not teach them about finances?
