Why athletes and entrepreneurs end up broke

02/20/2012 | Business Insider

A number of high-profile entrepreneurs and athletes have gone broke after making what seemed like a lifetime supply of money. It's important for these high earners to realize that they won't be able to make the same sky-high salary for their entire lives and that take-home pay may be much smaller than salary after taxes and other fees are deducted from it, writes Henry Blodget.

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