Frugal Lessons From Ballers: Season 4 Episode 5
Ballers is a HBO series show about a former football player turned financial manager (a character named Spencer, played by The Rock) that highlights the life of current and former players in regards to sports and finances and how they balance it all together. Ballers goes in depth on a number of topics involving the lifestyle of professional athletes from players transitioning post career to handling family and friends to dealing with negotiations.
The following highlights different key financial points from the show that athletes deal with or can learn from.
Asking For Help
Spencer is in a tough predicament with the Sports X deal. He sets up a meeting with Direct Tv and asks for them to help him get out of the situation that he is in. Spencer is humble enough to ask for help when he knows that he may not have the knowledge or full capabilities to get himself out of the predicament that he is in. You should never be afraid to ask for help especially with business ventures because the ultimate goal is to be successful.
Quincy, the high school football star, that Spencer is in the process of mentoring seems to have accepted gifts. In the case a 150,000 G-Wagon. Spencer pleads with Quincy that he is being unwise in how he goes about getting compensated and therefore risking his eligibility all together. It should be a lesson to all athletes that when somebody gives you something, they expect something in return. Quincy accepting that gift will definitely cause trouble down right if not handled alright.
Slice Of The Pie
Spencer is adamant about killing the notion of Quincy using bribes for him to live lavishly in his own sense. Spencer gets Quincy to become intrigued about a possible venture. Spencer has used his connections to parlay a deal that may or may not work out. In the episode, Quincy makes a comment about getting a piece of the pie in the financial sense. This was great to show, athletes should be satisfied with just getting into a deal instead how much ownership someone will get. Having a piece of the pie is better than none at all.