David James, not so smart after all

most players going broke are ones just before the big 'boom' in salaries.

the average players on 3-4m net now (welbeck and co) will struggle to go broke. the players in the top bracket (6/7m net) its almost impossible.

Originally Posted by ChairmanMao

Although I do have some sympathy with the view that if you're earning millions to start with losing them by trying to make more millions through investments rather than just sticking it in the £#%&!ing bank is sort of your own fault.

What they're doing is not really investing though - it's speculating, and wildly at that. Anything that is a 'deal' - a business deal, and land deal - isn't real investing. Investing is boring and it only pays off many years down the road, so most footballers don't do it.

You'd be incredibly stupid to just stick a large amount of money in the bank. The power of compounding interest means you can easily and safely make millions more by proper investing.

Originally Posted by marlo

most players going broke are ones just before the big 'boom' in salaries.

the average players on 3-4m net now (welbeck and co) will struggle to go broke. the players in the top bracket (6/7m net) its almost impossible.

John Terry was reportedly broke a few years ago. There were stories in the press of him beng bailed out of debt by a loan from Chelsea FC. At one point he was meant to be the highest earner at the club. What a dick.

Originally Posted by marlo

its quite astonishing tbh.

some of the players are really on real big cash....its a accomplishment in its self.

Even the ones who were on modest salaries back in the early 2000's were still taking home £20k a week after tax. That's 80k a month ffs. After your mortgage what the hell can you possibly find to do that costs that much? Aside from bad habits?

Originally Posted by Sparky***

Even the ones who were on modest salaries back in the early 2000's were still taking home £20k a week after tax. That's 80k a month ffs. After your mortgage what the hell can you possibly find to do that costs that much? Aside from bad habits?

A yacht. A jet. A £#%&! pad. The subsequent divorce.

The list is endless.

Marlo's got watches worth more than your car ffs.

Originally Posted by Cream

A yacht. A jet. A £#%&! pad. The subsequent divorce.

The list is endless.

Marlo's got watches worth more than your car ffs.

This daft @#%&! has only got some records and a gaudy van though. He be alright if he had some watches to sell.

Originally Posted by Rietveld

John Terry was reportedly broke a few years ago. There were stories in the press of him beng bailed out of debt by a loan from Chelsea FC. At one point he was meant to be the highest earner at the club. What a dick.

you see its not about being a dick. Its all very simple in relative terms. 10k becomes 100 quid and all you are doing is moving up the food chain and trying to keep up with those around you earning the big money. It's like us saying i earn more than i ever have and i dont have anymore money than i did a few years ago. We all just find new ways to spend it.

Just because you can kick a ball it does not make you financially savvy

Originally Posted by Sparky***

How the £#%&! any modern day footballer can go bankrupt is beyond me.

Why so surprised? He could never save anything anyway ....

Originally Posted by irk

This daft @#%&! has only got some records and a gaudy van though. He be alright if he had some watches to sell.

Probably did 500K in on his slappers' coke/handbag habits.

Not to mention: 'me mam's gonna lose her house'

:shakehead:

Originally Posted by Cream

A yacht. A jet. A £#%&! pad. The subsequent divorce.

The list is endless.

Marlo's got watches worth more than your car ffs.

Is Marlo a footballer?

Originally Posted by Sparky***

Even the ones who were on modest salaries back in the early 2000's were still taking home £20k a week after tax. That's 80k a month ffs. After your mortgage what the hell can you possibly find to do that costs that much? Aside from bad habits?

founding orphanages? cancer research? building affordable property?

100 other things.

put it in the bank? ffs. that will only make bankers rich.

Originally Posted by Sparky***

Is Marlo a footballer?

Is that a rhetorical question?

Originally Posted by jem

founding orphanages? cancer research? building affordable property?

100 other things.

put it in the bank? ffs. that will only make bankers rich.

Those bastards?

Originally Posted by plopborsky

you see its not about being a dick. Its all very simple in relative terms. 10k becomes 100 quid and all you are doing is moving up the food chain and trying to keep up with those around you earning the big money. It's like us saying i earn more than i ever have and i dont have anymore money than i did a few years ago. We all just find new ways to spend it.

Just because you can kick a ball it does not make you financially savvy

exactly. the more you earn the more you spend. Doesn't mean you have loads of money to save! You rent a bigger house, you drive a more expensive car, drink in more expensive bars... spend more on nights out.

my income has gone up loads over the last few years but so have my expenses... costs me about £900 for my flat and car every month compared to around £400 a year ago

Originally Posted by Sparky***

Is Marlo a footballer?

I thought he was a groupie?

Originally Posted by irk

I thought he was a groupie?

bet he regrets giving his fee for all those Observer columns to charity now

Originally Posted by silv

exactly. the more you earn the more you spend. Doesn't mean you have loads of money to save! You rent a bigger house, you drive a more expensive car, drink in more expensive bars... spend more on nights out.

my income has gone up loads over the last few years but so have my expenses... costs me about £900 for my flat and car every month compared to around £400 a year ago

You'll never convince Sparky.

'Ohh Sparky dear, Bentley are having a sale.... and look, two bedrooms plus maid's quarters in Mayfair for just 2 million!'

'Is it/the house/she heavily discounted by a member of my family?'

'No...'

'Then I fail to see the attraction'.

You'll not see him swapping red bull for Bollinger any time soon, either.

Originally Posted by irk

This daft @#%&! has only got some records and a gaudy van though. He be alright if he had some watches to sell.

the gaudi van must be worth a few quid tbf

Originally Posted by Cream

Marlo's got watches worth more than your car ffs.

I don't know..... one minute sparkles is larging it up about his amg; the next, he's the people's champion and all property is theft. doubt he'll be handing out free rides any time soon, but still..... he's not greedy.

Originally Posted by ashtonred

Why so surprised? He could never save anything anyway ....

unique.