Jacob shared a well-elaborated post on X, highlighting Trevor’s journey from a life of luxury to financial ruin, while serving as a stark reminder to avoid the mistakes he made. Trevor retired, having earned a staggering $116 million throughout his career.
However, as Jacob points out, Trevor’s biggest mistake was choosing “A lifestyle that was based on yearly earnings not investment savings. The biggest mistake I see athletes and any high earners make is building a lifestyle that is priced for perfection.”
For Jacob, the tips for sustainable financial stability are “ No bad investments, Continued earning power, and Returns far surpassing expectations.” The antidote for superstar athletes is to “Build a lifestyle that has a margin of safety. One that does not require everything to align perfectly.” The race to perfection without savings will be the downfall of every superstar, as he puts it.
Moreover, the former baseball star asserts that “Winning the money game is as much about lifestyle as salary.” Therefore, the goal is to make risk an option and not a requirement. Trevor, unfortunately, fell prey to the superficiality of stardom that has now reduced him to barely scrapping to pay child support to his ex-wife, Bree Anderson Ariza, for their two children (Tristan and Taylor).
Trevor says he no longer makes an average monthly salary and lives off of a $418,000 one-time payment from the NBA plus $4,000 from a rental property. Among his monthly expenditures are $13,000 for his mortgage, $13,000 for his first son Tajh’s child support, $14,000 for multiple cars, ” expenses. At this rate, the once-envious superstar might be filing for bankruptcy soon.
Watch This Story –
Stay connected with us for the latest stories and updates about your favorite athletes!
