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Age 30 is the prime of your career in many professions — unless you happen to be a professional athlete. “It’s like they experience life backward,” says Loop Capital founder and CEO Jim Reynolds, whose career includes a nine-year partnership with Magic Johnson Enterprises. “They make their peak money when they’re exceptionally young, whereas in business, you typically don’t start accumulating real wealth until your 50s.”
The average NBA player retires at the age of 29, which sounds enviable if you ignore the fact that nearly 60% of them face serious financial hardships after retirement. But it doesn’t have to be
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