The HAA Announces: Your Bourgie Bailout Package

It’s a recession, e’rybody broke (c) Jeezy.  But fret not Bourgies, we’re here to help.
We’ve been watching as the recession has come along and wiped out wealth and changed the complexion of the financial foundation of America for the forseeable future.  Let’s not kid ourselves here, the news has been pretty bad.  And with that, [...]

How Professional Athletes Wind Up Broke

What the hell happened here? Seven floors above the iced-over Dallas North Tollway, Raghib (Rocket) Ismail is revisiting the question. It’s December, and Ismail is sitting in the boardroom of Chapwood Investments, a wealth management firm, his white Notre Dame snow hat pulled down to his furrowed brow.

In 1991 Ismail, a junior wide receiver for the Fighting Irish, was the presumptive No. 1 pick in the NFL draft. Instead he signed with the CFL’s Toronto Argonauts for a guaranteed $18.2 million over four years, then the richest contract in football history. But today, at a private session on financial planning attended by eight other current or onetime pro athletes, Ismail, 39, indulges in a luxury he didn’t enjoy as a young VIP: hindsight.