Weekly Sports Writer
Cleavie Wonder
Recently there have been numerous stories about high profile athletes squandering their fortunes. Whether it's because of bad investments, crooked accountants, lavish lifestyles, or taking care of too many people athletes are ending up bankrupt. It's difficult for the average person who goes to work everyday to understand how someone can lose 50-100 million dollars in the blink of an eye. If they followed my 20 million dollar rule this would never happen.The 20 million dollar rule is simple. Set aside 20 million dollars of your career earnings, invest in a conservative proven commodity, and live off the interest and dividends for the rest of your life. The window of opportunity to make exhorbitant amounts of money is small, but the benefits (if you plan and save) can last you a lifetime.Unlike most people high profile athletes are constantly in contact with highly influential people that have obtained a high level of success in their life. It's easy to collaborate and go into business with the expectation of capitalizing on their wisdom and knowledge.If you invest 20 million dollars in something that makes a modest 8% a year you can earn 1.6 million dollars a year or roughly $135,000 a month. How many people in the world even make $135,000 a year? The sooner you start the program the more lucrative it becomes and the less these athletes have to worry about financial ruin. Money comes and money goes, but the more you have the greater your chances of controlling that timeline. Sometimes mathematics can actually change your life.
