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Adult Children
Reply to "Would you support your adult children for doing this?"
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[quote=Anonymous][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] I know someone like this on the golf side. Played in college, went pro (but no chance of ever making this a real profession), was sponsored by a billionaire golf enthusiast and was his paid golf buddy, caddy, coach. Eventually he spent less time competing, more time working at the uber wealthy country club and now works at a golf equipment company. He still enters a competition here and there for fun. I would not call him successful but the difference between your son and him is that he didn't have parents who could sponsor him and help him land on his feet career wise afterwards. [/quote]
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