Debt relief report : discover how NBA millionaires lost all of their money

Debt relief report : discover how NBA millionaires lost all of their money

Antoine Walker was a really good NBA player. He played for the Boston Celtics and was three times All Star.

Reports say he made more than 100 millions dollars in his career. However, in 2010 he filled for bankruptcy.

How could he loose all that money? First, he was a gambler. He had millions in gambling debts.

A lot of NBA players have this problem. They make a lot of money so they think it's not a problem to lose 1 millions dollars at the table. However, when they lose it they want to win it back. But they lose 10 millions in the process.

It doesn't matter how much money you have, if you're overspending you'll run out of money.

Another example of NBA that filled for bankruptcy is Jason Caffey. He was a member of the Chicago Bulls when they won three championships. The former Michael Jordan's teammate made millions during his career.

However, he tried to fill for bankruptcy in 2007 because he failed to pay child support for his 10 children who he had with 8 different women.

This example shows again that everybody can run out of money. Players like Jason Caffey were not realistic and thought they could have 10 children and afford to support them financially.

That's the reason why, to get out of debt, you need realistic money goals. You just can't make the mistake to take 4 loans at the same time or use your credit cards when you know there is no money in your account.

Debt relief programs can only help you if you made the commitment to reduce your expenses. Remember that millionaires who were internationally famous lost it all. If it happened to them it can happen to you.

Another important thing to know about debt relief is that not all debt consolidation companies are legitimate. It would be a shame to decide to read personal finance books to reduce your expenses but loose thousands dollars in a scam.

Always make sure to know more about the company you're dealing with before you enrol in a program. Check if their service seems legitimate, talk to your family and friends about it.

Remember that scammers are using really sophisticated techniques to take your money. You need to keep that in mind to avoid the worse.

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