Just because people are famous it doesn’t mean that they aren’t susceptible to bad financial decisions. Popular sports stars from Dorothy Hamill to Terrell Owens and Mike Tyson have all filed bankruptcies, due to poor choices.
Life happens, and there are some decisions people can make daily to better prepare themselves for those moments. Making more informed decisions could have prevented Terrell Owens, an all-time NFL Wide Receiver, to make better investments. Instead, he filed for bankruptcy in 2012.
Some decisions offer results that didn’t go as planned, such is the case with Dorothy Hamill, whose failed business venture with Ice Capades resulted in her also filing for bankruptcy.
Popular sports stars have proven that no matter who you are, anyone can make bad financial decisions.
What if these sports stars were better equipped and educated to handle their personal finances? The potential for battling their financial challenges would’ve greatly improved as they would’ve most likely made better choices.