Tips to Beat Your Next Financial Crisis

Tips to Beat Your Next Financial Crisis ; A newspaper's sports section isn't usually a big source of ideas about personal finance, but a recent sports-related story has an important lesson that millions of workers can learn from. In both the National Football League and the National Basketball Association, threats of lockouts and work stoppages are raising the specter of professional athletes facing a long period of time in which they may not be able to earn paychecks. According to the articles, players' associations have been told that there's a 99% chance that next year's NBA season may be disrupted by labor problems, while NFL players got a letter saying that a delay to the start of next year's season could cost players three or more games of the season -- amounting to almost 20% of their annual pay for a 16-game season.

In response, players are being urged to set aside money now to help get them through what amounts to a short period of unemployment. And while you might not feel that worrying about multi-millionaire stars is worth thinking about, players who earn closer to the league minimums are in situations similar to what you might face if something happens to your job. Read More... For the latest updates PRESS CTR + D or visit Stock Market news Today

Related Post: