CONTACTABOUTFACEBOOKTWITTERPODCAST IPHONE APPANDROID APPAMAZON APPRSS
Pro Wrestling Torch
Pro Wrestling Torch Reaches The Most Wrestling Fans Every Week: #1 in iTunes • #1 on iPhone and iPad • #1 on Android • #1 on Kindle
GOT THE PWTORCH APP YET?
iPhone & iPad
Android
Amazon Kindle
Windows Phone
PWTorch Phone App
WWE News
WWE News: JBL describes his biggest fear of ending up broke, like in "The Wrestler"

Jan 31, 2009 - 3:08:18 AM
PLEASE TAKE A MOMENT TO BOOKMARK US & VISIT US DAILY


By James Caldwell, PWTorch.com assistant editor

In the current U.S. economic situation, diversifying where the money is coming from and where investment money is going is very important to maintain a healthy financial position.

Eventually we'll see how WWE's incoming revenue and outgoing investments fared in the fourth quarter 2008 and overall year, as the company is delayed in announcing revenue results for last quarter, but WWE Raw star JBL is taking the "diversification" route very seriously.

He reveals in his latest WWE Universe blog that it's partly out of fear for ending up broke, with real-life imitating art through the Shawn Michaels employment storyline.

JBL has diversified his income sources through the creation of Layfield Energy to distribute energy-related products in case the WWE career and financial analyst positions fall through. Yet, he remains haunted by a fear in the wrestling aspect of his job aspirations.

"My biggest fear is to end up broke," JBL said on WWE Universe. "I once saw an old wrestler who had made a lot of money working as the ground keeper at a Red Roof in Charlotte - that has haunted me to this day."

JBL points to his age as one reason why recently watching "The Wrestler" movie "scares me." Motivated partially by fear, JBL doesn't want end up like some of his peers.

"It's one reason I work so hard to not be him," JBL said. "Because there are a lot of guys who have made a lot of money who have ended up broke, and that is very sad."

Link: JBL blog on WWE Universe.

Caldwell's Analysis: It's tough to thrive in the current economic environment because it's easy to live in a state of fear about job security, not only in WWE, but in real-world jobs where valued workers are actually called employees, not bogus independent contractors. Every day, I hear about a friend who's living in fear of losing his or her job, or recently was laid off. I'm sure many of you Torch readers have experienced someone close being in that situation.

It's certainly not a WWE-only thing, but many wrestlers are considered to be paranoid by nature because they're competing for TV spots and PPV headlining-matches in a very subjective environment of deciding who gets those spots. So, when you see a wrestler protect his body in the ring or wrestle a soft match, don't think it's because the wrestler is trying to cheat the fans, but because he has to protect his investment on a constant basis, especially with WWE releasing talent left and right.

Which brings me to another point on the ultimate oxymoron in the world of an "independent contractor being released." How does someone who's considered "independent" of a company become released? WWE doesn't have any right to "release" someone, when the contractor - in the spirit of the law - should control the work he or she is to perform. It's completely ludicrous. End Rant.

RELATED STORIES at PWTorch.com:
-- JBL at OVW Notes
-- JBL appearing at Charlie Haas store opening today


We suggest these recent related articles...
WWE NEWS: Superstars SPOILERS - Results from Chicago Raw
WWE NETWORK: Monday, Oct. 12 Schedule - Raw pre-show, Sting DVD preview
WWE NEWS: Lana & Rusev reportedly engaged - follow the interesting 2015 timeline
prowrestling.net
CLICK HERE FOR EVEN MORE PW.NET HEADLINES


CLICK TO EMAIL THIS ARTICLE
CLICK HERE TO RETURN TO MAIN LISTING

NEW! SIGN UP FOR FREE PWTORCH BREAKING NEWS EMAIL ALERTS
BECOME A PWTORCH VIP MEMBER
-FORMER MEMBERS LOGIN HERE TO RENEW
-NEW MEMBERS CLICK HERE TO SIGN UP
SELECT BY ARTICLES CATEGORY
SEARCH PWTORCH.COM



CLICK HERE FOR LIST OF UPCOMING PRO WRESTLING EVENTS
MORE HEADLINES AT AFFILIATE SITES
MMATorch
LATEST HEADLINES - CLICK TO READ CLICK HERE FOR MORE MMATORCH HEADLINES


PWTORCH POLL - VOTE NOW!
RAW POLL 10/12: Vote on Monday's show
 
pollcode.com free polls


RAW POLL 10/12: What was the Best Match on Raw?
 
pollcode.com free polls
MCNEILL LIVECAST POLL: TNA will have a 32-person tournament to determine a new Hvt. champion - your thoughts?
 
pollcode.com free polls
CENA POLL: If John Cena takes a year-end break, who should win the U.S. Title from Cena?
 
pollcode.com free polls
VOTE IN OR SEE RESULTS OF PREVIOUS POLLS



LATEST HEADLINES - CLICK TO READ CLICK HERE FOR EVEN MORE INC HEADLINES

_
LATEST FREE AUDIO SHOWS - CLICK TO LISTEN VIEW MORE PWTORCH LIVECAST EPISODES
DOWNLOAD PWTORCH LIVECAST APP
SUBSCRIBE TO PWTORCH LIVECAST IN ITUNES


ABOUT US

THE TORCH REACHES MORE COMBAT ENTERTAINMENT FANS THAN ANY OTHER SOURCE

PWTorch editor Wade Keller has covered pro wrestling full time since 1987 starting with the Pro Wrestling Torch print newsletter. PWTorch.com launched in 1999 and the PWTorch Apps launched in 2008.

He has conducted "Torch Talk" insider interviews with Hulk Hogan, The Rock, Steve Austin, Kevin Nash, Scott Hall, Eric Bischoff, Jesse Ventura, Lou Thesz, Jerry Lawler, Mick Foley, Jim Ross, Paul Heyman, Bruno Sammartino, Goldberg, more.

He has interviewed big-name players in person incluiding Vince McMahon (at WWE Headquarters), Dana White (in Las Vegas), Eric Bischoff (at the first Nitro at Mall of America), Brock Lesnar (after his first UFC win).

He hosted the weekly Pro Wrestling Focus radio show on KFAN in the early 1990s and hosted the Ultimate Insiders DVD series distributed in retail stories internationally in the mid-2000s including interviews filmed in Los Angeles with Vince Russo & Ed Ferrara and Matt & Jeff Hardy. He currently hosts the most listened to pro wrestling audio show in the world, (the PWTorch Livecast, top ranked in iTunes)


REACHING 1 MILLION+ UNIQUE USERS PER MONTH
500 MILLION CLICKS & LISTENS PER YEAR
MILLIONS OF PWTORCH NEWSLETTERS SOLD
PWTORCH STAFF

EDITORS:
Wade Keller, editor
(kellerwade@gmail.com)

James Caldwell, assistant editor
(pwtorch@gmail.com)

STAFF COLUMNISTS:
Bruce Mitchell (since 1990)
Pat McNeill (since 2001)
Greg Parks (since 2007)
Sean Radican (since 2003)

We also have a great team of
TV Reporters
and Specialists and Artists.

PWTORCH VIP MEMBERSHIP

PWTorch offers a VIP membership for $10 a month (or less with an annual sub). It includes nearly 25 years worth of archives from our coverage of pro wrestling dating back to PWTorch Newsletters from the late-'80s filled with insider secrets from every era that are available to VIPers in digital PDF format and Keller's radio show from the early 1990s.

Also, new exclusive top-shelf content every day including a new VIP-exclusive weekly 16 page digital magazine-style (PC and iPad compatible) PDF newsletter packed with exclusive articles and news.

The following features come with a VIP membership which tens of thousands of fans worldwide have enjoyed for many years...

-New Digital PWTorch Newsletter every week
-3 New Digital PDF Back Issues from 5, 10, 20 years ago
-Over 60 new VIP Audio Shows each week
-Ad-free access to all PWTorch.com free articles
-VIP Forum access with daily interaction with PWTorch staff and well-informed fellow wrestling fans
-Tons of archived audio and text articles
-Decades of Torch Talk insider interviews in transcript and audio formats with big name stars.


**SIGN UP FOR VIP ACCESS HERE**

CONTACTABOUTFACEBOOKTWITTERPODCASTIPHONE APPANDROID APPAMAZON APPRSS
VIP SIGN-UP
VIP LOGIN
THE TORCH: #1 IN COMBAT ENTERTAINMENT COVERAGE | © 1999-2013 TDH Communications Inc. • All rights reserved -- PRIVACY POLICY