Comment by jppope

> Your average NBA, NFL, MLB, NHL athletes are broke 5 years after they are out of the league. Fame, is mostly a curse.

I'm not familiar with the financials of music / media production (I didn't read the linked article yet, sorry). But I feel this over-pitying attitude towards professional sports players is misplaced. They do often go broke after their career. That is sad. It is also completely avoidable with _very_ basic financial planning. I think feeling sorry for them is a disservice, because it makes it seem that this outcome is hard to avoid. It's not hard when they're making 500k+/year:

1. Spend (a lot) less than you make. At 500k/year anywhere in the US, you should easily be saving 200k / year.

2. Invest the money you've saved. There's lots of good advice online, and realistically if you're saving 200k/year you don't have to worry about making the best choices -- just decent ones.

3. Don't accept generic lifestyle creep!

People need to be responsible and take control of their finances. You can't rely on somebody else to watch your finances, or make you eat your vegetables, or brush your teeth. The same advice applies to lots of people in tech, IMO.

The "average" player in one of those sports leagues isn't really a celebrity at the level the article is talking about. Charli XCX's last album was nominated for 11 Grammies and won six of them, and it has the 15th highest aggregate rating from Metacritic of all time. If you're comparing to athletes, this is All-Star roster, potential MVP winning-level performance for at least that season. By no means it's every player who hits 50 home runs in a season is going to be set for life financially, but the chances they're going to struggle are a lot lower than some some random utility infielder or middle reliever.

It's interesting to observe that fame (and the money that usually comes with it) seems to follow something like a log scale. People usually don't become gradually more famous in a linear way. They're more likely to spend a few years with 50k listeners and then get a big hit and get 1 million listeners overnight, then the next big jump is 20 million, and so on.

It's possible to be semi-famous and still able to go to the grocery store and pump your own gas without getting recognized. The local sports radio guys don't need an entourage, even if they do get recognized. But as a rising artist, you hit a point where you can no longer go out in public at all. It's really shocking when it happens because it's so abrupt. My dad's famous friend was a regular at a local restaurant and wasn't bothered for a long time, even when his name/face started showing up in the media. Then one day another customer shouted his name and he got mobbed by fans, and he realized he couldn't go out to eat like a normal person anymore. I think Charli crossed that line with the success of her album Brat last year. It's the point where you start to ask yourself if it's really worth it, and maybe consider going full recluse like Thomas Pynchon. (That's not even getting into the online stan culture stuff that Charli talks about in the article.)

Pro athletes also have higher divorce rates than the general population - 60-80% vs 50% source NYTimes/Sports Illustrated