How to Retire on $277,686 per month (chart)

[A HERETIC I AM]

16. I was a Stock Broker from '06 through '09 and investigated representing pro athletes.

It's been a while, but if memory serves, all 4 of the major leagues (MLB, NFL, NBA and the Hockey Players association) have VERY strict requirements on brokers who wish to solicit players as clients.

I was in Ft. Myers at the time and because there are so many players in the area during Spring Training, I looked into the requirements for Major League Baseball and the NFL.

They required a minimum number of years in the business, a minimum amount of assets under management and several other things (like holding a CFP designation, for instance) that disqualified me from seeking them as clients.

But you're absolutely correct. It is most certainly voluntary and if they decide to eschew professional financial advice, they very often can and will blow through millions in a very short time.