Ilana Baker
Two athletes who have become rich due to their endorsements
and contract compensations are Tiger Woods and Michael Jordan. Michael Jordan
is a sound financial decision maker and could be described as “conscientious”,
while Tiger Woods has made many bad financial decisions and can be described as
“reckless”. I agree with Michael Jordan’s decisions, because he saw the
opportunity in Nike Air Jordans took part in it, which earns him $80 million a
year. He saw an opportunity for something that would potentially benefit him,
and decided to invest in it. I don’t agree with Tiger Woods’ financial
decisions, because he lived beyond his means, which put him into debt. For
example, he lost funding on a golf course that was an estimated $billion, and
is paying off the $45 million mortgage on one of his mansions. Both of these
athletes have been impacted by their financial actions-Michael Jordan has
prospered, and Tiger Woods has suffered.
Nadia Goldberg: I agree that Michael Jordan has spent his money well. He makes good investments and handles his money well. I also agree with the statement that Tiger Woods has not made good decisions in handling his money. He is very reckless and lives beyond his means.
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