Question 6
Tiger Woods and LeBron James are two athletes that both hold multiple endorsements. They share a common endorsement in Nike. I know for a fact that Tiger woods had problems holding on to money. These are two of the top twenty paid athletes in sports. They have a steady cash flow and will stay rich at the moment because of this incoming cash. I do not agree with their lifestyles because I see no move being made for the future. Michael Jordan is the best basketball player of all time. He knew that his income wouldn’t keep coming after he retired. He made a series of financial decisions that will have him set for life. He bought an NBA team, established a clothing company, and still holds endorsements with companies like Hanes. Floyd Money Mayweather is an athlete who is not very smart financially. He is highly paid, but makes horrible decisions. Mayweather gets in a lot of trouble legally. He throws away too much money and I presume he will be poor one day.
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