Former major league pitcher and all-around punchline John Rocker’s latest Worldnetdaily column purports to be financial advice, though it’s pretty much substance-free. Gee John, I should save money for retirement? Why didn’t I think of that? It’s also hilariously ironic, for reasons I’ll mention shortly.
But there’s one thing both professional athletes and recent college graduates do have the ability to do and that’s understanding the importance of being financially literate.
We don’t need to find humor in the 49ers signing with Wealthfront any more than we should consider forcing banks to be less parsimonious when it comes to lending to people with poor credit scores: We should be encouraging every American to be responsible with their earnings from whatever vocation they find themselves employed so they can save their money and see it mature through investing or by the miracle of compounding interest.
This is the key to creating healthy communities and cities, which in turn create a healthy state and nation.
But individuals – be they professional athletes, a plumber, an engineer, or a young feminist saddled with a mountain of debt that paid for her women’s studies degree (now working at Starbucks) – stuck in a never-ending cycle of paying interest on debt are not free to save money and are instead a slave to their financial mismanagement…But scroll back up a few paragraphs and recall the incredible percentage of professional athletes who declare bankruptcy or are broke upon retirement and you’ll see a strange metaphor for the liberal belief in entitlement; individuals must always be prepared to accept the blame for their decisions.
Yes, of course. Liberals are to blame for rich people who don’t invest wisely. But wait…last time we saw John Rocker he was looking quite pathetic sitting behind a folding table in Cooperstown during the hall of fame induction weekend selling xenophobic t-shirts and raffle tickets for $5 for the opportunity to go to the bar drinking with him. But I’m sure that’s because he invested his money so wisely, not because he’s broke or anything. In related news, next week he’ll be giving a seminar on how not to be a bigoted, ignorant douchebag.