Jump to Navigation

Former baseball player advises other athletes

Texas baseball fans may be familiar with Jody Gerut, who was once a candidate for the American League Rookie of the Year in 2003, and played for the Cleveland Indians, San Diego Padres and Milwaukee Brewers. He says he once knew nothing about money, despite a Stanford education and a major league income. Gerut revealed that he had put his money in the wrong places, and so now, he is an agent for other athletes to help them avoid a similar fate.

By learning to invest carefully and spend wisely, he continues to live comfortably even in his early retirement. Gerut noted that many athletes are not well-advised on how to spend their money carefully. In fact, Sports Illustrated reported that 78 percent of former NFL players found themselves bankrupt after two years out of the game. Often, when people find themselves with a raise or a large income, they spend quickly without thinking of the future.

 

Gerut's career was taking off amid the tech bubble, and so he invested. However, he realized that seeking a financial expert's opinion could help him to make his financial gains stretch further. Now, Gerut has his investment adviser license through the Securities and Exchange Commission and is working to prevent athletes from finding themselves in such financial difficulties. 

Getting into financial difficulty can be avoided, but for many families, it may be too late. Seeking the advice of an experienced bankruptcy attorney can help to find an option for debt relief, whether filing for bankruptcy or seeking loan modification. There are ways to get out of debt and start to rebuild a new financial life.

Source: MLB.com, "Gerut on mission to protect players' finances," Anthony Castrovince, Jan. 7, 2012

 

No Comments

Leave a comment
Comment Information

Pelley Law Office, L.L.P.
1312 14th Street
Plano, TX 75074

Phone: 972-608-0335
Fax: 972-424-1309
Plano Law Office

Pelley Law Office, L.L.P.
905 North Travis Street
Sherman, TX 75090

Phone: 903-813-4778
Fax: 903-813-0586
Sherman Law Office

Pelley Law Office, L.L.P.
100 Crescent Court, 7th Floor
Dallas, TX 75201

Phone: 214-799-6441
Dallas Law Office

Pelley Law Office, L.L.P.
5309 Sandstone Lane
McKinney, TX 75070

Phone: 214-733-1775
McKinney Law Office

Pelley Law Office, L.L.P.
8918 N 5th St
Frisco, TX 75034

Phone: 972-423-5596
Frisco Law Office

Pelley Law Office, L.L.P.
825 Market Street
Building M, Ste. 250
Allen, TX 75013

Phone: 214-504-8179
Allen Law Office

Pelley Law Office, L.L.P.
15305 Dallas Parkway, Ste. 300
Addison, Texas 75001
Phone: 214-504-8958
Addison Law Office

Pelley Law Office, L.L.P.
2435 North Central Expressway
12 th Floor
Richardson, Texas 75080
Phone: 972-423-6075
Richardson Law Office

Pelley Law Office, L.L.P.
545 East John Carpenter Freeway
Suite 300
Irving, Texas 75062
Phone: 214-799-3315
Irving Law Office

Pelley Law Office, L.L.P.
5601 Bridge St., Ste. 300
Fort Worth, Texas 76112
Phone: 817-205-1490
Fort Worth Law Office

Se Habla EspañolCredit Cards

Visit Us On

Facebook Twitter