Jamarcus Russell fails at life again

Discussion in 'OTHER SPORTS Forum' started by Weisguy, Mar 4, 2011.

  1. Weisguy

    Weisguy Veteran Member

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  2. mobius481

    mobius481 Registered Member

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    His collection of "Bama Boy" necklaces probably ate up a mill or two.

    But this definitely happened faster than I expected. I don't think he got the full sixty did he? He definitely got $40 million or so and has only stopped pulling in checks in the last two years. Crazy.
     
  3. LSUsupaFan

    LSUsupaFan Freshman

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    This makes him more like the typical NFL player.
     
  4. Contained Chaos

    Contained Chaos Don't we all?

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    Just can't understand why someone with that much bank wouldn't pay cash for a house. Why would you ever need to finance anything with that kind of dough?
     
  5. islstl

    islstl Playoff committee is a group of great football men Staff Member

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    I think it was somewhat discussed in other previous threads on Russell and the consensus was he probably wasn't making wise choices in terms of his financials.

    Not a surprise whatsoever, and not a surprise it has happened this soon.
     
  6. bayareatiger

    bayareatiger If it's too loud YOU'RE TOO OLD

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    Funny you should mention this, he's known as the Notre Dame of the NFL.
     
  7. martin

    martin Banned Forever

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    you should always borrow when the interest rate is lower than you can make with your investments.

    smart rich people have great credit and they use it to grow their wealth.
     
  8. Contained Chaos

    Contained Chaos Don't we all?

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    Not sure I follow. Wouldn't it be less expensive to simply pay in cash, regardless of how low the interest rate is?
     
  9. LSUsupaFan

    LSUsupaFan Freshman

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    I think this works well in theory, but when you factor in risk and taxes your spread is so thin that it isn't even worth it. Your risk free rate by paying cash for the house is going to be something like 6%. That is pretty tough to beat these days.
     
  10. Richdog

    Richdog 02 Cecilia alumni champs

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    There's his problem.
     

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