Antoine Walker explains how he lost $110 million...

[Sterling Archer]

Snitching ass feggit

My nikka already copped out in '08 and waiting to come home next year fool. Do something if you feel a way about it fakkit.

 

[MalikX]

For those of you suggesting seminars, symposiums, classes, etc. I used to think like that but I'm now of the opinion that that shyt won't work. Some ppl are just simply terrible with money no matter what you tell them. They have poor impulse control and can't get out of their own way. Anything short of straight up controlling the money for them (for example the person who put up AIs endorsement money until he reached a certain age) would be obsolete. This is exacerbated with athletes because they have huge egos (no offense but it takes a big ego to make it to that professional level). So if you're not telling them what they want to hear they can give a fukk about your opinion. Especially when the peer pressure of other athletes (in this case Michael Jordan) influences them.

That instant gratification. Worst habit you can have.

With all these stories you read, someone should start a company that specializes on managing wealth for professional athletes. One of the main clauses should be that they lock away 5% bare minimum in a trust.

 

[MalikX]

The first thing anyone should if you don't have a good financial mind is to put away money like Iverson did so that you can whether the storm of bad decisions and still come out later in life with millions in the bank.

Yep. But Iverson had to be forced to do it. His friend damn near had to beg him. Ended up saving his ass.

 

[GoFlipAPack]

My nikka already copped out in '08 and waiting to come home next year fool. Do something if you feel a way about it fakkit.

He copped out bc he's a bytch like you. Now pull up and pop off feggit

 

[Sterling Archer]

Last I heard about him he was in Puerto Rico. That's was awhile back though.

 

[Sterling Archer]

He copped out bc he's a bytch like you. Now pull up and pop off feggit

He copped out cause the other nikkas tricked, made statements and took deals. They got a couple, he got 20yrs, parole in 10. Trial would've split his shyt for tying them people up.

 

[Kiyoshi-Dono]

Anyone know how Latrell doing?

 

[Makavalli]

I'd nut as soon as she connected fukking ratchet ass hood booger

 

[Big Boss]

For those of you suggesting seminars, symposiums, classes, etc. I used to think like that but I'm now of the opinion that that shyt won't work. Some ppl are just simply terrible with money no matter what you tell them. They have poor impulse control and can't get out of their own way. Anything short of straight up controlling the money for them (for example the person who put up AIs endorsement money until he reached a certain age) would be obsolete. This is exacerbated with athletes because they have huge egos (no offense but it takes a big ego to make it to that professional level). So if you're not telling them what they want to hear they can give a fukk about your opinion. Especially when the peer pressure of other athletes (in this case Michael Jordan) influences them.

Word you telling them don't waste your money


And they sitting there like

 

[theflyest]

I don't have to listen or read of how a NBA player lost 110 million dollars.

People always wonder how can an athlete lose millions of dollars?

You would have to be around them. They are very dumb. Very easy prey for "financial advisors."

 

[LinusCaldwell]

The NBA does in their rookie transition program, but it ultimately falls on the player to pay attention to what's being said.



Rookie Transition Program

@DPresidential

 

[LinusCaldwell]

I kinda wrote about this on my site but a response to Kobe
My Response to Kobe’s Letter to his 17 year old self – FTESWL
My Response to Kobe’s Letter to his 17 year old self