What Brett Favre taught us about personal finance
You might be a star, but you're still expendable.
- Bing: More on Brett Favre
Backstory, short and sweet: Green Bay icon Brett Favre
retires, changes his mind, but the Packers have already transitioned to
another quarterback. Favre will wear green this season, but the logo
will be that of the Jets.
So what does this have to do with personal finance? RacerX says:
Everyone is expendable. You might be the best in your field, but that's still no job guarantee.
"If you don't own the business, you don't hold the cards."
Don't make rash decisions about the big stuff. You'd think that after all the time Brett mulled over retirement, he would have been absolutely sure about his choice. Know thyself.
We'll add a few to the list:
Know how to bargain. The Jets got Favre in exchange for one draft pick.
Value the contributions that older employees can make. Favre, now 38, last year had one of his best seasons.
Even RacerX, a Cowboys fan, can feel the pain Brett's move has caused many. He says, "It's a sad story for a sports hero, team and fans to learn that even the best, eventually, are displaced. But it is a lesson we all should know too."
Published Aug. 12, 2008
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