Jun 10, 2015
Phillip Buchanon was already $1M in debt when he was drafted by the Oakland Raiders in the first round of the 2002 NFL draft. His family and friends used him for money. "Mentors" helped themselves as much as they helped him....but Phillip learned how to turn it around and now is an entrepreneur with many diversified projects including novels, comic books, board games and a film. He's written a new book called New Money: Staying Wealthy that details his struggle and tips for anyone in his shoes. It's a must-read for anyone who thinks that having a huge NFL contract will solve all of your headaches.
Suzanne Lucas joins in the fun....with tips for managers who want to keep top workers. We also take a question from two listeners....one with a question about whether to rollover a 401k and the other with a question about bonds.
In the headlines, we discuss what to do when you get raises or have big career news....maybe not what you'd hoped to do....AND news about financial advisors using ETFs differently than consumers.
We also talk about our favorite football movies and more.
Thanks to MagnifyMoney.com for sponsoring our podcast!