In this section I am discussing the world of entrepreneurship. People who have jobs rely heavily on structures and systems that were created by others. When we enter the world of personal success we start from scratch and need to build them ourselves. After much searching and contemplation, I finally hit upon the answer: So where did the answer actually lie? What was the model I could understand clearly, implement easily and follow through to results? I kept looking. What about successful companies
Fast Broke: Excerpt V — Don’t Drown in the Bathtub
The mechanism by which many athletes and millions of Americans go broke can be easily visualized by a metaphor of a large bathtub. For top athletes, the tub is better represented by a swimming pool. But for now let’s keep it a large tub. The faucet represents our earned money. The more we earn, the more water is pouring into the tub. Of course, the drain represents our expenses. As we earn more, the faucet pours out more and more water, filling
Fast Broke: Excerpt IV — How to Go Broke on $100 Million
We have all heard about the alarming statistics indicating that most professional athletes will be broke within five to seven years of retirement. And we all ask the same questions. “How can this happen when they make all that money?” “Who is advising these guys?” “Where is their agent?” “Why doesn’t the league do something?” Plus we have all heard the stories about the extravagant spending, the children out of wedlock, the bad investments and wonder, “How dumb can these guys be?” The answer is much simpler