A recent feature article in the USA Today talked about how many young professional athletes end up in personal bankruptcy. Many times while they are still in their playing days and make millions. Typically, despite large incomes these players ended up spending more than they should have or took out excessive loans.
One NFL player, who made over $10 million but ended up in bankruptcy said that no one ever teaches them personal finance or money skills in college (or anywhere else).
Whether you make millions or limited income, it is crucial to learn personal money management skills.