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#15
Old 07-04-2012, 03:25 PM
SixFootGiant
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Quote:
Originally Posted by TheGreatA View Post
One of the problems is that the taxes do not take into account that the millions of dollars that a boxer might make during the prime of their career (which can last only a few years) could be the only money that they're ever going to make. The boxers do not usually take this into account either.

You get used to a lavish lifestyle due to having a lot of money in the bank account, until the money stops coming. In your late 30's you can already be out of a job and without any future income. Suddenly the hundreds of thousands that you have made do not seem like such a large amount of money.

A plan beyond boxing should be recommended to every boxer.
Agreed. Have something to fall back on or at least know the business side of the sport as well.
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