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Adult Children
Reply to "Would you support your adult children for doing this?"
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[quote=Anonymous]If this is a sport like golf or tennis…I know many of the pros that don’t make it will end up as the golf or tennis pro at a country club. They actually make some pretty good money if they also provide private lessons on the side. If your kid is playing low level professional Soccer or baseball, it’s likely a terrible idea. We know a couple with a kid that was drafted into A minor league baseball and spent 8 years never moving anywhere. A kid drafted in like the 12th round with barely any signing bonus (not a 1st or 2nd round kid that quickly gets promoted out of A and like received a $1.5MM+ signing bonus). He had to support himself working 2nd jobs though they probably covered like $10k/year. The kid is now struggling with the rest of his life as he was finally told the dream is dead. It’s all pretty fresh, so who knows what he will do next, but it sucks to try to get a job with no decent work experience at 29.[/quote]
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