JUNE 15, 2010
Tom Izzo announces he’s staying.
The coach rejected a five-year, $30 million offer from the Cleveland Cavaliers.
Surrounded by his players at a packed press conference, Izzo was asked why he turned down a deal that would have doubled his salary.
“Michigan State is where I want to be.
I’m a Spartan for life, and I’m damn proud of it.”
Your savings account is paying 3.75%.
Inflation is at 4.2%.
You are losing money every single day just by saving it.
There is no good place to put your cash right now.
That is not a personal finance problem.
That is a structural problem nobody in power is fixing.