Ask Carrie High Earners May Think They Have It Made For Now But Can They Secure Their Future
My son is a professional athlete making a good deal of money. He spends his money as if he’ll play forever and I worry he’ll burn through it and be left with nothing. What advice can I give him to help him protect and grow his finances for the future? —A Reader Dear Reader, This is a great question because in today’s world of astronomical sums being earned by some athletes, entertainers and tech workers alike, there are a lot of young people able—and inclined—to live the high life....