BROKE - an ESPN Documentary

What is the percentage of professional NFL players who are BROKE, or under financial stress, just 2 years after their career ends?

• 20%

• 90%

• 78%

• 43%

Which of the following is NOT a reason why professional athletes go BROKE after their career ends?

• They invest the majority of their income.

• They have more than 1 household they are supporting financially.

• They spent more than they earned.

• They find out their financial advisors were not so financially literate or even honest.

The section of the documentary called Baby Mama Drama highlights ...

• the consequences of having sexual relations with so many different women.

• the number of bad business ventures professional athletes enter.

• the wise financial decision of entering marriage with a prenuptial agreement.

• Answers A & C

• Answers B & C

The section of the documentary called BLING BLING highlights ...

• the consequences of trusting agents with their finances.

• the insane # of material items professional athletes buy to show off their wealth.

• the concept of competition between players to have the newest and best of everything.

• Answers A & B

• Answers B & C

Who should professional athletes trust with their money decisions?

• their inner circle of friends, family, coaches & agents

• themselves

• answers A & B

• financial advisors with a positive and proven reputation

• answers B & D

Which of the following is NOT discussed during the Mouths to Feed segment of the documentary?

• The athletes often had unexpected medical bills due to injuries.

• The athletes have more than 5 households they are supporting financially.

• The athletes have family members expecting to be paid or compensated with material items for their support.

• The athletes have friends expecting them to help pay for phones, car notes, child support, & even rent or mortgage.

Due to multiple/severe injuries professional athletes find themselves ...

• with unexpected medical bills.

• in constant pain that they self-medicate.

• with severed contracts and in early retirement.

• All of the above.

Which of these is NOT a reason why professional athletes go BROKE?

• They suffer from "sudden wealth effect" and spend beyond their means.

• They are in the highest tax bracket.

• They have never been taught about money management.

• They are young adults with large egos.

Who should take ownership in helping professional athletes preserve and maintain their wealth?

• The universities.

• The player associations (NFL, MBA, NHL, etc.)

• Their financial advisors.

• Answers A & B.

• Answers A, B & C.

The main purpose of this documentary is to ...

• shame the vast majority of athletes who are now BROKE.

• highlight the incredibly reckless decisions young athletes make.

• highlight the dangers of making decision based on ego.

• remind everyone about the importance of financial literacy.