The I.Q.D. Team Connection
  • Welcome
  • Iraq News Current
  • PRE & POST RV Information
  • Market Place
  • Twitter Feed
  • Join Our Mailing List
  • Future Of Iraq Project & Other Links
  • The IQD Team Connection Blog & Announcements
  • Quick Links
  • Conf Calls: Recordings
  • Contact Us
  • Financial Planning
  • How to Choose A Financial Advisor
  • Private Bankers: Contacts & Websites
    • Private Bankers - Articles of Interest
  • Computer Security
  • Dinar Dealer & Exchange Info
  • Public Record Sites - Background Checks FREE
  • Real Estate
    • Landlord Tenant Laws & Information
  • Documents: Gifting
  • In Loving Memory of Tim
  • Health & Wellness Blog
  • Health Wellness Products
  • In Loving Memory of Linda

Broke 30 for 30~~Sudden Wealth

10/26/2012

0 Comments

 
As mentioned on our conference call last night by LJ from LJ's Next Step Team

BROKE Directed by Billy Corben More money, more problems. Broke digs into the psychology of men whose competitive nature carried them to victory on the field yet seemed to ruin them off the field. The Vault: Keyshawn Johnson   Director's statement

About Broke:

Film Summary

According to a 2009 Sports Illustrated article, 60 percent of former NBA players are broke within five years of retirement. By the time they have been retired for two years, 78% of former NFL players have gone bankrupt or are under financial stress. Sucked into bad investments, stalked by freeloaders, saddled with medical problems, and naturally prone to showing off, many pro athletes get shocked by harsh economic realities after years of living the high life. Drawing surprisingly vulnerable confessions from retired stars like Keith McCants, Bernie Kosar and Andre Rison, as well as Marvin Miller, the former executive director of the MLB Players Association, this fascinating documentary digs into the psychology of men whose competitive nature can carry them to victory on the field and ruin off it.

Director Billy Corben (The U, Cocaine Cowboys, Limelight) paints a complex picture of the many forces that drain athletes' bank accounts, placing some of the blame on the culture at large while still holding these giants accountable for their own hubris. A story of the dark side of success, "Broke," is an allegory for the financial woes haunting economies and individuals all over the world.



Director's Take

In June 2009, we interviewed quarterback Bernie Kosar for the ESPN 30 for 30, The U. Anyone who knows Bernie will tell you, he's as kind and generous a guy you could ever meet. In fact, he was extremely generous with his time that morning; he talked with us for several hours and, afterwards, took pictures and signed autographs for the crew.

A few weeks later, Dan LeBatard broke the news: Following a series of bad investments and a costly divorce, Kosar had filed for bankruptcy. It was a shock. Beyond football, Kosar was renowned for his business savvy and known to have been even more financially successful after his decade-long NFL career than during it.

Personally, it broke my heart. Other than appearing tired at times, there was little or no indication during the hours Bernie spent with us that he was in the midst of this ordeal.

In the early part of the millennium, you'd occasionally hear about a high profile athlete suffering financial difficulties, but Pablo Torre's article, 'How (and Why) Athletes Go Broke,' in the March 2009 Sports Illustrated, cast a spotlight on what seemed to be an emerging epidemic in the wake of the 2008 economic meltdown.

These days, it seems there's a new story every week and we felt these stories were worth exploring. Not everyone was so enthusiastic about it, though.

They say the most uncouth subjects for dinner conversation are politics and religion. I gotta add money to that list. Athletes, a famously proud group, were not particularly anxious to discuss the state of their finances, so getting interviews for this project, not surprisingly, proved to be a challenge. I really admire the people who agreed to speak with us because they sincerely felt like they have something to offer the next generation and hope that others will learn from their experience.

The way "Broke" is structured, it's not about people, per se, but the problem, told by the people who experience(d) it. It's essentially a step-by-step guide, How To Lose Millions of Dollars Without Breaking a Sweat.

Conventional wisdom is that professional athletes blow a lot of money on useless crap. Spoiler alert: professional athletes blow a lot of money on useless crap. But that's barely the tip of the iceberg. I was surprised to discover -- and I think others will be, too -- how easy it is to go broke. .


Source Link

0 Comments



Leave a Reply.

    Health Products Favs
    Health Books
    Picture
    filterfluoride
    IGNITEChewable Energy
    Get younger skin the natural way with Chews-4-Healthâ„¢
    Picture
    Picture
    Liquid Zeolite
    Health Books
    Health Products FAV
    Picture
    Get 50% off Vetisse Jimin Ointment

    Categories

    All
    Articles Of Interest
    Automobile
    Banking
    Banking Laws
    Banking Tools
    Books
    Budget Tips
    Business Start Up
    Calculators
    Calling Help Google
    Cashing In
    Cashing In Info
    Cdars
    Changing State Residency
    Charities
    Check Authenticity Of Dinars
    Computer Security
    Con Men
    Credit
    Credit Cards
    Currency Classifications
    Currency Exchange
    Currency Trading Forex
    Debt
    Delarue
    Dinar Dealers - Check Out License
    Dinar Information
    Email Accounts Set Up
    Entities
    Entities Help
    Fair Debt Collection Practices Act
    Financial Planning
    Financing
    Fincen
    Forex & Currency Converters
    Fractional Banking
    Free
    Free Calling
    Fun
    Gifting
    Health & Wellness
    Home Ownership Help
    Home Safety
    Identity Protection
    Insurance
    Internet Crime Center
    Investing
    Iraq Investing
    Iraq News
    Iraq Stock Exchange Isx
    Lop
    Misc
    Modern Money Mechanics
    Money
    Money Financial Planning
    Money. Financial Planning
    Mortgage Scams
    Mr Anonymous
    Music & Inspiration
    News Sources
    Phone Security
    Post Rv Checklists
    Preparedness
    Pre & Post RV Daily Postings
    Privacy
    Private Banking
    Questions To Ask Professionals
    Real Estate
    Retirement
    Rfid Be Aware
    Safes
    Scam & Fraud
    Scam & Fraud
    Security
    Self Help
    Sent In By Our Listeners
    Shopping
    Straight Talkin Mike
    Sudden Wealth
    Tag Account
    Taxes
    Telephone
    Travel
    Twitter
    Veterans Assistance
    Words Of Wisdom

    Garden of Life