- January 14, 2015
- Posted by: Brian Poncelet
- Category: Approved, Life Insurance
Question what is the average NHL average career? Answer… 5.5 years!
Where do most hockey players get their financial advice? Many times its from other ex-hockey players.
What do young players do? They buy cars, houses cottages etc. Problem is time is limited and so is money!
With real estate buying the biggest home on the lake and spending lots of money on it and staying one or two months a year may not help if you can’t sell it later.
The best idea is take at least 50% OF THE MONEY EARNED AND INVEST IT. ONCE YOU ARE 35 AND WASHED UP THE MONEY IS GONE ON THE OVER PRICED CARS AND REAL ESTATE.
So how is NHL hockey players like us? Limited time and limited earning years.