A new company is offering college athletes upfront cash in exchange for a portion of their name, image and likeness deals, an arrangement some consumer protection experts and financial advisers say could prey on young athletes.
In that certain scenario it would be good, that’s ignoring the other scenarios in which you would lose money that would otherwise be yours. People keep acting like it’s either bust or mega millions
Imagine someone offers you a deal where you can either get a million dollars guaranteed or you can flip a coin and if you win you get $2,000,001.
Most people would take the guaranteed money, even though the coin flip is technically more valuable. In other words, people will give up some money in exchange for having less risk. There’s nothing wrong with that – it can actually be smart, depending on your situation.
The coin flip example is obvious because it’s a lot of risk for very little money. But the same concept can sometimes apply even when it’s a pretty good chunk of money for a fairly small amount of risk.
And sometimes it’s a good idea to take out a loan because you need money right now, even if you’ll have to pay back more than you took out later. You’re not getting scammed when you buy a house just because you pay back more than you got from the mortgage company.
In that certain scenario it would be good, that’s ignoring the other scenarios in which you would lose money that would otherwise be yours. People keep acting like it’s either bust or mega millions
Imagine someone offers you a deal where you can either get a million dollars guaranteed or you can flip a coin and if you win you get $2,000,001.
Most people would take the guaranteed money, even though the coin flip is technically more valuable. In other words, people will give up some money in exchange for having less risk. There’s nothing wrong with that – it can actually be smart, depending on your situation.
The coin flip example is obvious because it’s a lot of risk for very little money. But the same concept can sometimes apply even when it’s a pretty good chunk of money for a fairly small amount of risk.
And sometimes it’s a good idea to take out a loan because you need money right now, even if you’ll have to pay back more than you took out later. You’re not getting scammed when you buy a house just because you pay back more than you got from the mortgage company.