While researching my topic about how bankruptcy is a reality for many professional athletes after their career, I have learned about the factors that can lead an athlete to bankruptcy, the programs provided to help athletes avoid bankruptcy, and how smart investments and good endorsements can keep an athlete away from ever filing for bankruptcies.

I found out that the major factors are overspending, Poor investment decisions, Career duration, and a lack of finance knowledge. in one of my past blogs I wrote about overspending and I used Allen Iverson as an example, to show how even someone who is considered to be one of the best NBA players of all time has made the wrong decisions when it came to money.

I didn't know until I did this research that both the NBA and NFL have a rookie transition program that go over the most important aspects of being a professional. The fact that both programs talk about the importance of using your money responsively surprised me, because of how many athletes make the news for their lack of common sense when it comes to spending money.

I also found out that Michael Jordan made smart choices with his money during his career and is now making over $80mil a year.