Well, Tiger Woods is building a $54,000,000 mansion in Jupiter Hills, FL. He wants to pay off the mortgage by January 2016, which means a $1 million payment a month.
From Yahoo News: In a story first reported by TMZ and confirmed by Yahoo! Sports (via Waggle Room), Woods has taken out a $54.5 million mortgage for a brand-new mansion he's building on Jupiter Island, Fla. And no "go-for-the-adjustable-rate-and-pray" route for Tiger; no, he intends to pay back the loan by Jan. 15, 2016. (See, folks? That's sound financial strategy. If you've got a spare $54 million lying around, go ahead and get your mortgage paid off.)...
Woods' estate spans three properties and will include all the requisite perks for someone of Woods' stature -- pools, tennis courts, fitness center, miles of hallways. That'll cost plenty to buy and maintain, so obviously Woods has faith that he'll play well in a few golf tournaments between now and 2016.
http://sports.yahoo.com/golf/blog/devil_ball_golf/post/Tiger-Woods-takes-out-54-million-mortgage-on-ne?urn=golf-266707
My guess is that Woods plans on playing for a very long time. He still has to pay those nasty taxes and if he has workers at the house, he will have to pay for those people as well.
The way he is playing, I hope he plans on playing a lot of tournaments. Right now, he is not making $1,000,000 a month playing golf and I doubt he is making that much in endorsements. At least not yet.
I hope he does succeed. It's always good to see someone succeed, even though he is a wife cheater, he deserves a second chance.
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