I fuck with Lou Williams heavy, but there is no excuse for a basketball player to go broke. If they took even $3 million of their signing bonus and just parked it in a high yield savings account and maybe another million into index funds they’d never go broke.

3 comments

1. What a dumbass. Why do athletes go broke? “It’s not that we have reckless spending habits” “I once bought a Ferrari and Lamborghini in the same week”

2. I agree with you for the most part and idk if this was the case for Lou Williams but keep in mind that when they sign a deal, it’s a lot of other mouths being fed too. Not talking about family or friends, but moreso agents, financial advisors, you probably will also have individual doctors and specialists on some sort of payroll in the event you feel a team is trying to force you to play with an injury and want a second opinion.

   Again tho, I almost 100% agree with you.

3. Lou stayed in them strip clubs.. it’s very easy to go broke.. the right woman is a withdrawal machine