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Michael Vick by 82-T/A [At Work]
Started on: 11-18-2021 02:16 PM
Replies: 1 (80 views)
Last post by: randye on 11-18-2021 06:02 PM
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Report this Post11-18-2021 02:16 PM Click Here to See the Profile for 82-T/A [At Work]Send a Private Message to 82-T/A [At Work]Edit/Delete MessageReply w/QuoteDirect Link to This Post
At the end of 2006, Sports Illustrated magazine estimated Vick's annual income between his NFL salary and endorsements at $25.4 million, ranking him just below NASCAR's Dale Earnhardt, Jr. in a listing of highest earning athletes.

Vick's finances suffered, however, from poor management, bad investments and lawsuits. Certified Financial Planner Michael Smith advised Vick from 2003-2005, but resigned after Vick took bad advice from friends, made ill-conceived investments, overspent, and otherwise undermined the wealth-building plan that Smith had created.

Smith's plan was for Vick to have a net wealth of $100 million by 2010; by that date Vick was actually an estimated $20 million in debt.
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Report this Post11-18-2021 06:02 PM Click Here to See the Profile for randyeClick Here to visit randye's HomePageSend a Private Message to randyeEdit/Delete MessageReply w/QuoteDirect Link to This Post
Being a convicted felon and spending 23 months in prison usually tends to put a "dent" in one's earning capacity....
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