Much safer investment along with McDs and perhaps car dealerships (linky). I bet Ray could sell more cars than burgers.Speaking of fast food joints apparently Caron Butler worked at a Burger King as a kid and now owns 6 of them.
Owning franchised joints is ok. Trying to do your own spot, not ok. You go and find some restaurant people, and let them open a joint with your name on it. You own maybe 5%, and you get paid for the use of your name. You help with the advertising, and you pop into the joint on a fairly regular basis. Players no longer need to try to invest in risky ventures after retirement. Make safe investments with the money you've earned, and then, make sure you don't try to live above the level of your income. No player in any of the major sports who makes it to a second contract should ever end up broke. The biggest key to keeping the wealth is learning to use a simple two letter word, NO!
Hey, if he's willing to do this, and maybe lose money, more power to him. As an investment, I wouldn't touch it. Good luck to him. His 3 vs the Spurs is a very pleasant memory for me.Great speech but it doesn't have much to do with the story, which couldn't be more unambiguous about his motivations for taking on this particular project.
Doesn't sound like he's doing it to get rich. Good for Ray. Need more places like this.
Ray has made a ton of money in his career and I'm sure has invested wisely, he was one of the first guy's working out his own contract without an agent. He's not somebody who is going to blow his money. Caron owns several Burger Kings but the real franchise king is Junior Bridgeman, he owns the most Wendy's in the country and is reportedly worth like 300-400 million.Owning franchised joints is ok. Trying to do your own spot, not ok. You go and find some restaurant people, and let them open a joint with your name on it. You own maybe 5%, and you get paid for the use of your name. You help with the advertising, and you pop into the joint on a fairly regular basis. Players no longer need to try to invest in risky ventures after retirement. Make safe investments with the money you've earned, and then, make sure you don't try to live above the level of your income. No player in any of the major sports who makes it to a second contract should ever end up broke. The biggest key to keeping the wealth is learning to use a simple two letter word, NO!
Well Ray while at UConn worked Summer's for a friend in Willimantic selling cars! Champagne Chevrolet. So he has experience in the field!Much safer investment along with McDs and perhaps car dealerships (linky). I bet Ray could sell more cars than burgers.
I guess he can have it "his way" That was Burger King wasn't it ?Speaking of fast food joints apparently Caron Butler worked at a Burger King as a kid and now owns 6 of them.
Ray has made a ton of money in his career and I'm sure has invested wisely, he was one of the first guy's working out his own contract without an agent. He's not somebody who is going to blow his money. Caron owns several Burger Kings but the real franchise king is Junior Bridgeman, he owns the most Wendy's in the country and is reportedly worth like 300-400 million.