Wealth manager Evan Rothstein handles money for more than 20 professional athletes, and explains the errors and troubles his clients face.
manages wealth for more than 20 professional athletes, primarily in Major League Baseball.
"I thought it would be great to work with guys who needed my help, and people that I could hopefully impart some of my wisdom and help them create a better financial life for themselves," he told Business Insider in a recent phone interview. "The biggest mistake that they make is they just burn through cash," he said."They go immediately and buy a car outright. They don't finance it or they don't lease it.
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