5 money-losing investments by NFL players

Mark Brunell invests heavily in real estate
Mark Brunell invests heavily in real estate

New York Jets backup quarterback Mark Brunell filed for bankruptcy protection in 2010. He owes $7.4 million.

Brunell was forced to file for bankruptcy because of two failed business partnerships. These included a real estate development company called Champion LLC and a partnership that invested in 12 Whataburger restaurant franchises in the Jacksonville area, according to The Florida Times-Union.

When investing in real estate or a real estate development company, an athlete needs to be able to finance it for five to 10 years to give the business time to get off the ground, Chasnoff says.

A good rule of thumb on any investment is to spend as much time thinking about what will happen if it fails as you do thinking about what will happen if it succeeds, he says.


          Connect with us
Product Rate Change Last week
1 Year CD 0.90%  0.01 0.89%
2 Year CD 1.03%  0.02 1.01%
5 Year CD 1.59% --0.00 1.59%
View Rates in your area Search

Learn the latest trends that will help grow your portfolio, plus tips on investing strategies. Delivered weekly.

CDs and Investment

How can I pay myself first?

Dear Dr. Don, You often advise readers to "pay yourself first." It sounds like a fine idea. But I'm wondering how that actually should work. I'd like to know how much or what percentage of my income should be set aside... Read more



Dr Don Taylor

ETFs in 401(k)s worth fighting for?

Should your employer's 401(k) plan let you invest in exchange-traded funds, or ETFs?  ... Read more

Partner Center

Connect with us