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Post 12 Mar 2014, 10:31 am

Interesting. http://m.huffpost.com/us/entry/4931316
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Post 12 Mar 2014, 10:58 am

Sounds like he is happy with his choice. Good for him!
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Post 12 Mar 2014, 12:57 pm

He seems pretty smart. I daresay he's invested a lot of the money he already made to make sure that he doesn't need to work again. Not sure what top running backs make a year but if he's been to two superbowls in a 5 year NFL career he must have banked a couple of million at least.
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Post 12 Mar 2014, 4:36 pm

Sassenach wrote:He seems pretty smart. I daresay he's invested a lot of the money he already made to make sure that he doesn't need to work again. Not sure what top running backs make a year but if he's been to two superbowls in a 5 year NFL career he must have banked a couple of million at least.
Snooping around, seems his salary for 2013 was $2M, with a $500K bonus.

http://overthecap.com/cap.php?Name=Rash ... =Cardinals

Not bad.
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Post 13 Mar 2014, 9:48 am

So he probably made 6 or 7 million over his short career. Even after tax that's goiung to leave him with about $4mil. Properly invested that should be enough to set him up for a comfortable life so long as he's not too extravagant, which it doesn't seem like he is based on what he wrote.

It's surprising that we don't see more sportspeople taking this option. Granted, they don't all earn that much money, but a lot of them surely do and very few seem to opt for early retirement.
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Post 13 Mar 2014, 11:54 am

Sassenach wrote:It's surprising that we don't see more sportspeople taking this option. Granted, they don't all earn that much money, but a lot of them surely do and very few seem to opt for early retirement.
Well, to be honest I think if you enjoy doing something, and you are good at it, you want to keep going as long as you can. It's also hard for people to accept perhaps that at the end of their sporting career they may be slowing up or finding it harder to cope physically. Pride, enjoyment, determination, stubbornness - some of the attributes that lead a sportsman to the top - can be the ones that drive them to keep going as long as they can.

After all, Tiger Woods or Peter Sampras could probably have afforded to retire after a few years, but then they would not have been such dominant figures had they done so.

And, of course, it's quite easy to spend money when you have it. For us who don't tend to get 7-figure salaries, we can only dream of what that would buy, but it's all to easy to live a high life, buy a big house (which may gain value, but also be expensive to maintain), fritter it away on items that are valueless once bought or quickly depreciate... it takes some discipline to put enough away to be able to retire early, even if you are on a lot and are in a disciplined arena. Also, to be honest, if you start young and go from having no money worries because parents deal with it to having no money worries because you are loaded, how do you ever learn the true value of money, and how to manage a personal budget?