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A comment on The Teenagers Getting Six Figures to Leave Their High Schools for Basketball. Parent comment

Re:The Teenagers Getting Six Figures to Leave Their High Sch... by client4 on Tuesday November 30, 2021 @10:24PM (#29400296)
If they get cash up front the time value of money and compounding interest will set them up for a lifetime of higher wage earnings than college -- assuming they don't blow all of it immediately.
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Re:The Teenagers Getting Six Figures to Leave Their High Sch... by jimbob45 on Tuesday November 30, 2021 @10:51PM (#29400465)
They blow it all immediately.

It would be better to set up a fund that they can’t touch for 30 years with a small wage on the side but that would be pointless because there would be nothing stopping them from taking out early loans against the fund.

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