shabbs wrote:Problem is, most hockey players aren't thinking like that. They're out there living it up, spending money on frivolous crap like blinged-out luxury cars, stoopid pricey shoes and other Dung and helping out family members and friends by giving them money, running up huge bar tabs etc... and getting involved in stupid business ventures... I'd say that a small percentage are making the wise choices and being smart with their money. But, maybe I'm wrong. Hopefully the athletes are getting better money advice these days.Riprock wrote:Just for fun...
If the average Canadian income is $46K, that's $3'833/month. On that salary, the typical mortgage approval is $211K.
For the average NHLer on a $2.4M salary, the monthly income is $200K, and they could get approved for an $11M home.
If you are an NHL player and for roughly half the year you are on the road, and you have a wife and 2-3 kids, you really do not need a mansion, so you could easily buy a $400-500K home, your typical 2,500 sq/ft, 4 bed, 3 bath type deal. You'd bank so much money, you could even live off the interest that $1M in a 4% interest account could accumulate.
Mr Ray Emery is a good example of a guy who pissed it all away and will probably be a very sad story when he hits the age of 40. I know for sure he has pissed away millions.