Larry Bird remembers later broke players teasing him about saving money – ‘They just laughed and joked that I hid my money’ – Basketball Network

Many NBA players file for bankruptcy within five years of retirement, and there are many reasons behind this unfortunate turn in their finances. Luxurious lifestyles are often the main reason players go bankrupt, but many times they let the person in charge of the money end up stealing their money, which is also a big problem for these athletes. Bad decisions and trusting the wrong people to manage your money are a recipe for disaster.

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