Yes its true most old players don't earn much but the value of money during that time is much higher, i have read and watch a video the other time, that a player owns a Wendy's
and some stores he is just a benchwarmer in NBA but he is being called franchise king, its really having the mindset how he prepare the future its not just we want it, we have to have a goal so that we don't have waste opportunity.
Junior bridgeman in its like a podcast:
https://www.youtube.com/watch?v=ClrTL1y-06YGiven that NBA players' salaries have become too high, even players with the minimum salary can secure their future, if not for life, then for many years after their career ends. However, many players appear to have issues with this. I mean that many players prefer to live it up, and only a few think about how to not only preserve but also multiply the money they have earned during their careers.
The problem is there are lots of temptation out side and some players got carried out by their vices then spend a lot then became careless on spending their money.
We've seen lots of situation like this and it seems that there are players cannot control their emotion then end up getting broke then regret all those mistakes they have done. I also think that Rookies has been taught by NBA towards financial management.
But there are some players failed because they abuse to much their selves and as a result they didn't end up well then get broke badly.