As many as 78% of former NFL players have gone bankrupt or are under financial stress because of joblessness or divorce - we're giving them a 'Plan B' and that is important!
Dallas, TX (PRWEB) January 06, 2013
In a 2009 article by Sports Illustrated's Pablo S. Torre, 'How (and Why) Athletes Go Broke,' it says, "As many as 78% of former NFL players have gone bankrupt or are under financial stress because of joblessness or divorce."
"Recession or no recession, many NFL, NBA and Major League Baseball players have a penchant for losing most or all of their money. It doesn't matter how much they make. And the ways they blow it are strikingly similar," Torre continues.
Michael D. Butler is using his speaking platform to educate and inspire young athletes to 'look at the big picture and have a 'Plan B' from high school kids to professional athletes it really is a mindset change.
Butler reasons, "America's hero worship of athletic stars has many believing that education is the answer to the current path of self destruction that has been the demise of too many former professional athletes in recent years. With athletes only a few years in prime condition many do not adequately save and invest for the future, couple with the fact that many get caught up in the 'high-roller' lifestyle - destruction is inevitable. We're trying to make a difference by educating, speaking and showcasing examples of athletes and former athletes who are doing things well for themselves and their families."
This thought is echoed in a recent ESPN Documentary "BROKE" Directed by Billy Corben. More money, more problems. Broke digs into the psychology of men whose competitive nature carried them to victory on the field yet seemed to ruin them off the field.
One professional boxer is hoping to make a difference and self fund his comeback tour in a very non traditional way - "King James" Johnson is going for World Champion and will not let anything get in his way - not even the economy. Boxing Tour takes on unlikely sponsor as Social Commerce Industry is born on boxer's "come back tour."
Johnson retired four and a half years ago after successfully defending his Light Heavyweight title - he retired due to an injury. After near 5 years off and his body "feeling awesome" he decided to complete for his dream. His dream of "being one of boxing's best." He's determined to meet the demands of his sport and that includes staying on the road and supporting his family while he fights. Johnson launched KingofTheRing.biz a Solavei Social Commerce sight running on a proprietary lead generation platform.
"I'm 3-0 in my return to the ring. I will fight for the NABU Cruiserweight Championship title January 19th in Memphis. I was an Olympic alternate for the 1996 USA team in Atlanta. I did not get a chance to compete though." Other fights this year are scheduled by James and his Manager, Jimmy Gibson, "We'll be fighting in Oklahoma, Minnesota and even Mexico later this year."
"King James' Johnson and Manager Jimmy Gibson have taken an 'out-of-the-box' approach to funding their 'come back tour' choosing to partner with a new Social Commerce Company and offer fans athletes, even competitors the same opportunity. Gibson was heard saying, "Rocky supported himself by working in the meat packing plant between prize fights, we think Social Commerce is a better bet and we can help so many more people this way."
Solavei™ is a social networking and commerce platform that enables users to connect, share and capitalize on the power of social networks. Solavei's mission is to make commerce less expensive by empowering individuals to earn income on the products and services they enjoy and use every day. Solavei™ pays its members to refer 4G Unlimited Voice, Text, and Data for $49 per month.
Solavei™ launched in September of 2012 and has many pro athletes and celebrities that are singing their praises.
Retired and current athletes and celebrities include: Emmit Smith, Bubba Watson, Shaun Kemp, Dante Wesley, Greg Fassitt, Detlef Shrimp, Michael Dotterer, Mark Bradley, Cee Lo Green, Stephen Baldwin and others that are choosing Solavei as their Plan B.
"It just really makes sense said Gibson, when you think of aging athletes, in whatever sport, it's a way they can have a sponsor 'underwrite' them, while their young, without having to jump through all the corporate hoops that typically come with an endorsement deal and get paid for life. It's like a retirement package for athletes and it's funded by fans and lovers of their sport. Asked if he'd offer Solavei™ to a competitor Johnson quickly says, "of course!"
Torre with Sports Illustrated went on the say, "Within five years of retirement, an estimated 60% of former NBA players are broke. In a less public way, other athletes from the nation's three biggest and most profitable leagues—the NBA, NFL and Major League Baseball—are suffering from a financial pandemic. Although salaries have risen steadily during the last three decades, reports from a host of sources (athletes, players' associations, agents and financial advisers)"
Solavei™ DREAM TEAM is proud to sponsor this Press Release and honored to be working with several professional and retired athletes to create 'Plan B's'.