And then had a $20,000 tax bill he couldn't pay.

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May 6, 2024
4:18:17pm

JAGA97 All-American

And then had a $20,000 tax bill he couldn't pay.

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JAGA97

Bio page: JAGA97
Joined: Apr 10, 2008
Last login: Jun 1, 2024
Total posts: 23,737 (15 FO)

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Messages

Author

Time

Assume you're 30 years old. When you were in college you made $500k playing basketball. You spent it frivolously and

HarlemCoug Truly Addicted User

May 6, 9:17am

If my son were getting NIL I would advise him on how to invest etc

Don Carlton

May 6, 9:19am

my daughter was at BYU-I and said a guy in her ward made $100K doing summer...

icecougar

May 6, 10:51am

What I know now....should've bought a bike and placed it all in something else.

Don Carlton

May 6, 11:15am

which don't work well in cold environments like Rexburg!! Guy is auditioning

jre85

May 6, 1:27pm

Not true #1 Selling car in Norway.

deljdc

May 6, 3:12pm

And then had a $20,000 tax bill he couldn't pay.

JAGA97

May 6, 4:18pm

It depends.

Baron

May 6, 9:19am

Never having had it. Could be depressing never coming close to equalling that.

Forzaitalia

May 6, 9:24am

BYU does a very good job of advising their student athletes.

cornellcoug

May 6, 9:50am

Take the money and buy real estate.

BillyGoat

May 6, 10:20am

If you blow it, you might appreciate making money later.

Archaea

May 6, 11:18am

This is a scenario where most getting big money don’t have the foundation to

Pretorian

May 6, 1:16pm

How is having money that you waste worse than never having had money?

Archaea

May 6, 1:45pm

I guess this comes from living in a very under developed country for a few years

Pretorian

May 6, 2:20pm

I am sorry but 500K is a lot, and I mean a lot but

Archaea

May 6, 6:13pm

You can’t be serious

Pretorian

May 7, 7:20am

"Better to have loved and lost than never loved at all." I worked in one of the first day trading shops on Wall St. It

HarlemCoug

May 7, 10:07am

Yeah… 25 AND educated… with initial solid perspectives on life, few of these

Pretorian

May 7, 10:50am

Terrible advice here

Don Carlton

May 6, 11:49am

This isn't about advice. This is a hypothetical about 2 distinct options. Is a person better off if A. They had $500k

HarlemCoug

May 6, 11:51am

Yeah I kind of Hijacked the thread with my own thoughts.

Don Carlton

May 6, 11:56am

I believe the vast majority would spend most of it and lose

Pretorian

May 6, 1:12pm

I would rather mess up over not getting the money. I'd learn from it I hope

Jwine21

May 6, 1:17pm

Better off from the experience no question

gww687

May 6, 1:28pm

Depends on what bad life decisions that money enabled

May 6, 1:44pm

Not even a debate. Make the money and learn from blowing it.

Haysom Till

May 6, 2:17pm

Yeah there's a debate. Big, easy money early having fun playing a game is a

Forzaitalia

May 6, 3:32pm

Pay cash for a home

Cougforgood

May 6, 3:43pm

This sounds mine something a 20yo would do…..Not

Pretorian

May 7, 7:25am

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