Warren Sapp files for bankruptcy – $100K a month income won’t float his bills

Wealth is finite and fragile – we try to teach those we work with some simple basics, like the “habits of wealth”, the value of liquidity and being able to pay your bills for an extended period of time if your cash flow stops, as his might in August when his contract expires. 

It’s not just what you make, it’s what you keep. Mr. Sapp is busted on $100K a month in income.

 

 

See the story here:

http://sports.yahoo.com/blogs/nfl-shutdown-corner/warren-sapp-files-bankruptcy-180825203.html

ADDITIONAL READING:

The Common Traits of Long-Term Wealth – Staying Rich 

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