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- Thread starter Gatorubet
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LovelandBuckeye
You never lose to those pricks. Ever. Ever. - UFM
But Ohio State is buying players. Hurr durr!
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Seriously, if I was given that kind of money, I'd buy a house as an investment, to live in during college and rent out or sell after college. Investing in a depreciating asset is never a wise choice and you are one injury away from never playing again.
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LovelandBuckeye
You never lose to those pricks. Ever. Ever. - UFM
I agree, but what would 18-21 year old @Steve19 do?
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GTFOH, if you were 21, you'd be getting a Lambo too and scooping up every coed that was in your vision. @LovelandBuckeye said it right, think what'd you do at 18-21, not as a full adult.
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We’re debating options that these guys probably don’t even have
Some of the NIL payments are cash, sure
But it seems to me that the vast majority of the vehicles they’re driving are leases that someone is paying for. The choice is what they want to drive for the next year and only what they want to drive for the next year. Real estate is not on the table in those discussions
Some of the NIL payments are cash, sure
But it seems to me that the vast majority of the vehicles they’re driving are leases that someone is paying for. The choice is what they want to drive for the next year and only what they want to drive for the next year. Real estate is not on the table in those discussions
BuckBackHome
Wolverine is largest member of weasel family
Lambo to a Georgia football player. What could go wrong?
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Three words. Stanford Marshmallow Experiment. Not to insult anyone, any kid who has been raised to appreciate the value of money would make the right choice and realize that he will be known in life for his true wealth, not what he buys (or gets the monetary value to rent) for flash.
Force your kids to read the best seller "The Millionaire Next Door" (link). American society is the poster child for under-accumulation of wealth. All that money, and yet most Americans are inadequately prepared financially for retirement.
I know a kid who received an engineering degree scholarship with a cash bursary and guaranteed job on graduation if he wanted it. He and three buddies rented a house while in college. He used the savings to buy a flat in the campus area in Cape Town and a 10-year old truck and started work for a telecommunications company while he did a Masters in IT followed by an MBA. He finished in the top 5% of his class. All are financially very well off today.
He married a beautiful doctor in his 30s and they have two kids. He bought that house in an area that was gentrifying and he is still collecting rent every month on it. Works in data science job and doing well enough to build houses on spec and sell.
Forget the marshmallows in life. How many pro football players retire with nothing to show for it? What about Mike Tyson's flash house that no one would buy when he crashed. It's not about the flash. It's about the cash you retain to live your best life.
Force your kids to read the best seller "The Millionaire Next Door" (link). American society is the poster child for under-accumulation of wealth. All that money, and yet most Americans are inadequately prepared financially for retirement.
I know a kid who received an engineering degree scholarship with a cash bursary and guaranteed job on graduation if he wanted it. He and three buddies rented a house while in college. He used the savings to buy a flat in the campus area in Cape Town and a 10-year old truck and started work for a telecommunications company while he did a Masters in IT followed by an MBA. He finished in the top 5% of his class. All are financially very well off today.
He married a beautiful doctor in his 30s and they have two kids. He bought that house in an area that was gentrifying and he is still collecting rent every month on it. Works in data science job and doing well enough to build houses on spec and sell.
Forget the marshmallows in life. How many pro football players retire with nothing to show for it? What about Mike Tyson's flash house that no one would buy when he crashed. It's not about the flash. It's about the cash you retain to live your best life.
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