Never Go Broke

Investment Guide for Professional Athletes

By: Ed Butowsky

Narrated by: Frank Gerard

Length: 1 hr and 55 mins

Publisher's summary

If you are listening to this investment guide, it means you are within reach of ample wealth, which you will earn in a surprisingly short period of time. Some of you may already have achieved this. The word “earn” is important, for you have put in years of hard work and fierce devotion to build yourself into a proud member of one of the most admired professions in America. You are a professional athlete. One of the few people lucky enough to get paid fat sums for doing something you love to do.

Great riches can reward your achievement—and, with that, great opportunities will arise. Earning it is only the start. Now you must preserve and protect it. You also must learn how to invest it and make it grow. Do it right, and you can build a fortune that will last you and your family for a lifetime and beyond. Do it in the wrong way and you could end up in financial trouble. This guide will show you how to reduce risks, take money off the table and lock it away, and invest it safely to get the highest payback without having to make wild bets.

That is our No. 1 priority at Chapwood Investments. I founded the firm in 2005 in Plano, Texas, near the home of the Dallas Cowboys, after almost 20 years of serving clients at Morgan Stanley & Co.

I have spent the past ten years highlighting the problem of athletes going broke. Sports Illustrated featured me in a cover story on the issue in 2009, as did ESPN in 2012 for a “30 for 30” documentary called Broke.

At Chapwood, we focus on the fixes. We have helped more than 75 professional athletes secure and grow their fortunes. I have trained a hundred more in financial boot camps.

We can help you, too, in keeping your money safe and growing it to last for the next generation. The lessons you learn here can help you live a better life.

©2022 Ed Butowsky (P)2022 Ed Butowsky

How Not To Go Broke(for athletes & everyone else )

I could not believe how many athletes have lost everything -- literally tens of millions of dollars. Then Butowsky's book reminded me that wealthy athletes face even greater challenges than regular people because neither they nor we have ever been given a financial education.

Butowsky's book isn't just about how to save, invest, and use money for the ultra-wealthy. All of his advice equally applies to everyone.

But it's also about keeping your hard-earned money SAFE. Most athletes are in sports where their bodies pay for their passion, so protecting that wealth is all the more important. Earning that wealth also means being exposed to more scams and just plain bad investments than most people.

Butowsky's book can be understood by anyone. No fancy terms or hard to understand finance concepts. It's all easily digestible, clearly presented, logical and sound. It's a quick listen (or read), and not nearly as complicated as you might expect.

This is a must-read for anyone who earns a living making big bucks, but also for the rest of us.