Riches to Rags: Millionaire footballers who lose everything

[Neil Young]

You can't spell analyst without...

[Baracus]

Anyone who spends beyond there means at whatever level of social class deserves what they have sown. Some make it out like they don't understand the value of money.

Bought and raised in low-income families should be enough of a lesson and having a UK high school education should be more then enough and Its not like they earn 10k a day over night at a relative young age.

The majority are on crap YTS or low income wages as trainees from the age of 16 until a professional contract hardly any see a big major contract at a young age is that not enough to get 'clued up'.

I would guess the majority don't see a big wage increase until they are at least 20+. Its a live life to the fullest every day; as we only have one life, so lets make the most of it attitude that runs through society.

It would be good to see how many foriegn Stars from 3rd world countries are actually bankrupt or have debt problems in comparison.

[Muddled]

Anyone who spends beyond there means at whatever level of social class deserves what they have sown. Some make it out like they don't understand the value of money.

Bought and raised in low-income families should be enough of a lesson and having a UK high school education should be more then enough and Its not like they earn 10k a day over night at a relative young age.

The majority are on crap YTS or low income wages as trainees from the age of 16 until a professional contract hardly any see a big major contract at a young age is that not enough to get 'clued up'.

What a load of bollocks.

So if you've got a GCSE to your name or watched your family struggle to put a plate of food on the table, you automatically understand the value of money?

And if you don't, tough ****; If you make mistakes in life, you reap what you sow?

[Gibbo]

Anyone who spends beyond there means at whatever level of social class deserves what they have sown. Some make it out like they don't understand the value of money.

Bought and raised in low-income families should be enough of a lesson and having a UK high school education should be more then enough and Its not like they earn 10k a day over night at a relative young age.

The majority are on crap YTS or low income wages as trainees from the age of 16 until a professional contract hardly any see a big major contract at a young age is that not enough to get 'clued up'.

I would guess the majority don't see a big wage increase until they are at least 20+. Its a live life to the fullest every day; as we only have one life, so lets make the most of it attitude that runs through society.

It would be good to see how many foriegn Stars from 3rd world countries are actually bankrupt or have debt problems in comparison.

Strange and quite frankly bollocks statement.

[Baracus]

Were did I say anything about having a GCSE next to your name?

There is a minimum level of education given to all in this country for free?

A far cry from many 3rd world countries yet there are very few foreign players you hear of going through a similar problem.

I Defintely think you reap what you sow and in all cases; regardless of whether it is a mistake or not. You learn from mistakes but firstly you have to deal with the mistake you made. You learn from lifes experiences and what is around you, if your from an low income family how can you not at least comprehend what is going on? If your capable of acknowledging that your on the low income status of society or have come from it then you must have an inclination of what it takes as a bare minimum to improve your situation if you are capable and have the means to try not to make it worse and that's living beyond your means.

Also Gib, you tell me where the majority of young football trainees in the age group 16-18 are getting more than a £1000 a week or even 500 a week. That's 26k-52k a year. They are not dumped with vastly more money then the average 16-18. I'd guess at £50 p/w which many teenagers in non football backgrounds recieve through Education Support allowances or some other level of support.

And what's wrong my opinion that if you spend more then you earn and your in problems, how can you blame others for it? . The majority of the world seems to get by perfectly by spending what they earn.

[ChesterDave]

Being able to list the wives (and fate) of Henry VIII, or explaining longshore drift does not mean you know how to handle finances. That isn't (or at least very rarely) taught in schools.

[Muddled]

Were did I say anything about having a GCSE next to your name? There is a minimum level of education given in this country to all for free?

Here:

... and having a UK high school education should be more then enough ...

And what's wrong my opinion you spend more then you earn and your in problems how can you blame others? The majority of the world seems to get by perfectly by spending what they earn.

I fail to see where Lee Hendrie - amongst other bankrupt footballers - are blaming others?

And if you think the world seems to getting by perfectly by spending what they earn, you have blinkers on.

[Phoenix07]

I think this debate will extend to society in general, not just footballers.

Those who instantly have access to wealth are potentially going to throw it all way. Kids nowadays are having lessons on handling money etc, but then are given free state of the art tablets by the schools, which is ironic in itself.

[Baracus]

Here:





I fail to see where Lee Hendrie - amongst other bankrupt footballers - are blaming others?

And if you think the world seems to getting by perfectly by spending what they earn, you have blinkers on.

I think you need to get your blinkers checked and then checked again.

At no point did I say you need a GCSE

There is a massive difference between obtaining a GCSE which anyone at any age can get even a 9 year old and having an minimum level of education in this country compared to the rest of the world.

I think you'll also find for however many years this world has existed that many civilizations and societies functioned perfectly well without a must have now, need now pay later culture. Even the concept of having a mortgage is alien to many of the 3rd world and outright rejected.

Lee Hendrie is younger than me even I got taught how to make a simple budget in high school and how to make a plan [ to build something or do something] and that had nothing to do with financial situations. Every club in the Uk is still obliged to make sure that a trainee has a minimum standard of education and minimum hours every week and that has been around before Ryan Giggs first professional contract.

[Muddled]

I think you need to get your blinkers checked and then checked again. At no point did I say you need a GCSE.

There is a massive difference between obtaining a GCSE which anyone at any age can get even a 9 year old and having an minimum level of education in this country compared to the rest of the world.

Well, let's not split hairs - you said a 'secondary school education', I say you seek a GCSE qualification in Secondary school, ergo it's much of a muchness.

In fact, we're digressing from your original comment that any secondary school educated child or a working-class upbringing automatically means you should understand the value of money.

Lee Hendrie is younger than me even I got taught how to make a simple budget in high school and how to make a plan [ to build something or do something] and that had nothing to do with financial situations. Every club in the Uk is still obliged to make sure that a trainee has a minimum standard of education and minimum hours every week and that has been around before Ryan Giggs first professional contract.

There will be people younger *AND* older than you that aren't good with money. They need support whether they spend £400 a month when their dole is £200, or if they spend £40K a week when they earn £20K, much like the other 120,000 people in the UK who filed for bankruptcy in 2011.

Maybe those 120,000 people failed to attend Secondary school? What about the 1.5 million people in the UK who sought debt advice? Or the TEN million people in a constant struggle to manage their debt?

[dom9]

I'm with Muddled.

[Liverpool]

The only life advice in school I got was how to make a CV

[saj]

We have the same job. Great isn't it?

Ha ha nice one . I don't know many BA's - I'll PM you properly later!

It's a good job BUT I was recently employed at a Consultancy and it was madness what was expected of a BA. We were required to do the work of a technical architect, do systems analysis, user trainining and produce various pointless UML diagrams which were not required. Inevitably I left within 6 months!

[saj]

Educated or not, money management is pretty much common sense to be honest.

[Chazza]

Educated or not, money management is pretty much common sense to be honest.

Which more and more people seem to lack.