Mark Brunell files bankruptcy

Cheesey
Preferred Member Topic Starter

14 years ago

I read that he is 25 million in debt with 5 million in assets.
It still amazes me how a person can make the kind of money he has, and have to file.
I mean, if you JUST put the money in the bank and don't spend it, you would be set for LIFE.
But it sounds like bad investments did him in

Let's see.......i make MILLIONS each year.....that's not enough! I'll INVEST!!!
Just boggles my mind.
I could live the rest of my life off what he made in ONE season.

Wanna join the discussion?! Login to your PACKERSHOME forum account or Register a new forum account

cheeseheads123
Member

14 years ago

Hate hearing this. Ive always been a fan of his

djcubez
Senior Member

14 years ago

Wait, isn't he still on a roster?

I honestly don't know if I should feel bad for people like this. On one hand, many pro athletes don't receive any financial counseling or advice leaving them prone to lots of high-spending. Also, when you have a lot of money it becomes a lot easier to spend and can disappear a lot faster through taxes, insurance, etc.,

But I really don't see what's so hard about having a savings account and not spending/investing any more money than you have. I myself have a savings account, two checking accounts and a wad of cash I hide my room in case the credit system collapses 😃

Formo
Veteran Member

14 years ago

"djcubez" wrote:

So.. where do you live djcubez? lol

Yeah, this is hard to imagine.. You're right though.. It's easier to lose that much money because of poor spending habits and lack of financial counseling. And sometimes what's even worse is how some players think they have a person hired to help them with their money.. they get taken for a ride and lose money. Or when they invest into something for their retirement and it goes south.

Each athlete's case is different, though.

Thanks to TheViking88 for the sig!!

djcubez
Senior Member

14 years ago

"Formo" wrote:

"djcubez" wrote:

Yea, add that to the fact that when you have money, people will stop being genuine to you in the hopes that they can get some. Plus, how many players do you see buy homes for their parents, cars for their women, and sport an expensive entourage?

nathaniel
Registered

14 years ago

I've never understood the "money manager" thing. It seems to me that most of the celebrities/athletes that get into some kind of money trouble end up blaming and suing their money managers. I'm very good at looking after my own money, thank you very much. I know exactly how much money is in my account at all times, no matter how many (or how few) zeros are at the end of the number.

blank

IronMan
Veteran Member

14 years ago

What a dumbass.

Zero2Cool
Elite Member

14 years ago

I've never received financial counseling. Never made a million in a year and I'm not filing for bankruptcy. I'm willing to bet there's millions of people just like me that didn't make a few dozen million dollars in a decade or two and are doing just fine as well.

Pack93z
Select Member

14 years ago

Just an illustration of the greed in this country.. here is a guy that made enough money to be set for life and then some.. but wanted more.

So he invested the money, unwisely apparently, in order to do just that.

When you have made the bankroll in which you are set for life, why gamble it on higher risk investments in order to make more?

Never ceases to amaze me how greed can cloud a persons judgment.. or maybe I am wired differently and never had to have the toys/riches to stack up against another.

Life is to short to gamble it away.

"The oranges are dry; the apples are mealy; and the papayas... I don't know what's going on with the papayas!"

TheEngineer
Registered

14 years ago

#10

Too bad, so sad.

That's why investments are not riskless. Lesson learned.

blank

Important Information:

The PACKERSHOME uses cookies. By continuing to browse this site, you are agreeing to our use of cookies. More Details Close

Fan Shout

Zero2Cool (14-Nov) : He probably plays DB.

Zero2Cool (14-Nov) : I don't even know who that Don is

packerfanoutwest (14-Nov) : What position does Lemon play ?

dfosterf (14-Nov) : I read this am that Don Lemon quit x, so there's that

Zero2Cool (13-Nov) : Seems some are flocking to BlueSky and leaving Tweeter. I wonder if BlueSky allows embeded lists

beast (12-Nov) : He's a review guy

Zero2Cool (12-Nov) : Jordy Nelson is still in the NFL.

Zero2Cool (11-Nov) : Ok, will do.

wpr (11-Nov) : Kevin, donate it to a local food pantry or whatever she wants to do with it. Thanks

wpr (11-Nov) : Kevin,

Zero2Cool (11-Nov) : Wayne, got your girl scout order.

dfosterf (11-Nov) : I believe Zero was being sarcastic

dfosterf (11-Nov) : Due to that rookie kicker Jake Bates that Zero said "he didn't want anyway". 58 yarder to tie the game, 52 yarder to win it. In fairness,

Mucky Tundra (11-Nov) : Lions escape with a win

Mucky Tundra (11-Nov) : and now Goff looking better

Mucky Tundra (11-Nov) : Goff with ANOTHER INT

Mucky Tundra (11-Nov) : and now Stroud throwing INTs

Mucky Tundra (11-Nov) : Goff having an ATROCIOUS game

wpr (11-Nov) : Happy birthday Corps. Ever faithful. Thanks dfosterf.

Mucky Tundra (10-Nov) : stiff armed by Baker Mayfield for about 5-7 yards and still managed to get a pass off

Mucky Tundra (10-Nov) : Nick Bosa

wpr (8-Nov) : Jets are Packers (L)East

Zero2Cool (8-Nov) : Jets released K Riley Patterson and signed K Anders Carlson to the practice squad.

wpr (8-Nov) : Thanks guys

Mucky Tundra (7-Nov) : Happy Birthday wpr!

Zero2Cool (7-Nov) : Anders Carlson ... released by 49ers

dfosterf (7-Nov) : Happy Birthday!😊😊😊

wpr (7-Nov) : Thanks Kevin.

Zero2Cool (7-Nov) : Happy Birthday, Wayne! 🎉🎂🥳

beast (7-Nov) : Edge Rushers is the same... it's not the 4-3 vs 3-4 change, it's the Hafley's version of the 4-3... as all 32 teams are actually 4-2

Zero2Cool (6-Nov) : OLB to DE and player requests trade. Yet folks say they are same.

beast (5-Nov) : In other news, the Green Bay Packers have signed Zero2Cool to update their website 😋 jk

beast (5-Nov) : Might just re-sign the kicker we got

beast (5-Nov) : Are there any kickers worth drafting next year?

Zero2Cool (5-Nov) : Preston Smith for Malik Willis

Mucky Tundra (5-Nov) : Getting a 7th rounder from the Stillers

Zero2Cool (5-Nov) : At least we get 7th round pick now!! HELLO NEW KICKER

Mucky Tundra (5-Nov) : Steelers getting a premier lockdown corner!

Zero2Cool (5-Nov) : Packers are trading edge rusher Preston Smith to the Pittsburgh Steelers, per sources.

Mucky Tundra (5-Nov) : Preston Smith traded to the Steelers!!!!

Zero2Cool (5-Nov) : CB Marshon Lattimore to Commanders

Zero2Cool (5-Nov) : Bears are sending RB Khalil Herbert to the Bengals, per sources.

Zero2Cool (5-Nov) : ZaDarius Smith continues his "north" tour.

Zero2Cool (5-Nov) : Let the Chiefs trade a 5th for him

Zero2Cool (5-Nov) : Nearing 30, large contract, nope.

Martha Careful (5-Nov) : any interest in Marshon Lattimore?

Zero2Cool (4-Nov) : What does NFL do if they're over cap?

Mucky Tundra (4-Nov) : They've been able to constantly push it out through extensions, void years etc but they're in the hole by 72 million next year I believe

hardrocker950 (4-Nov) : Seems the Saints are always in cap hell

Mucky Tundra (4-Nov) : Saints HC job is not an envious one; gonna be in cap hell for 3 years

Please sign in to use Fan Shout

2024 Packers Schedule

Friday, Sep 6 @ 7:15 PM

Eagles

29 - 34

Sunday, Sep 15 @ 12:00 PM

COLTS

16 - 10

Sunday, Sep 22 @ 12:00 PM

Titans

30 - 14

Sunday, Sep 29 @ 12:00 PM

VIKINGS

29 - 31

Sunday, Oct 6 @ 3:25 PM

Rams

24 - 19

Sunday, Oct 13 @ 12:00 PM

CARDINALS

34 - 13

Sunday, Oct 20 @ 12:00 PM

TEXANS

24 - 22

Sunday, Oct 27 @ 12:00 PM

Jaguars

30 - 27

Sunday, Nov 3 @ 3:25 PM

LIONS

14 - 24

Sunday, Nov 17 @ 12:00 PM

Bears

Sunday, Nov 24 @ 3:25 PM

49ERS

Thursday, Nov 28 @ 7:20 PM

DOLPHINS

Thursday, Dec 5 @ 7:15 PM

Lions

Sunday, Dec 15 @ 7:20 PM

Seahawks

Monday, Dec 23 @ 7:15 PM

SAINTS

Sunday, Dec 29 @ 12:00 PM

Vikings

Saturday, Jan 4 @ 11:00 PM

BEARS