Gilbert Arenas Logically Explains How NBA Players Go Broke

[Bryan Danielson]

This some real shyt

 

[The Devil's Advocate]

Its really a wonder Lebron James, Kevin Garnett, and other players who came into the league so young were able to avoid Ll those pitfalls

It is but notice those are high picks, big money and had long careers. I remember lebrons mom had the new fully loaded hummer in high school but she lived in the projects. People were in his pocket. Remember he fired all of his team and hired rich Paul, maverick and other dude to run shyt. No outsiders no more. Went down to Miami. Learned from Riley and dwade and company.

Garnett was fukking off big cash before Boston. Remember he wanted to buy a team. Ain’t got that paper like that now. But d Wade did.


It’s the guys who get 30-40 and have a 5-6 year career which is most of the nba. Not even that long. I think it’s 3.5 years avg. but dudes buying up shyt year 1 like they’ll be here year 8

 

[Geek Nasty]

Even more people mistakenly think that high earnings are taxed at 50% rather than in brackets like everyone else.

Yeah but at that income level just about all of it is going to be at the highest bracket.

 

[MajesticLion]

"Annual income twenty pounds, annual expenditure nineteen nineteen and six , result happiness.

Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery."

Charles dikkens - David Copperfield - Mr Micawber.

Well played.

 

[DonRe]

nikkas act like people treat these nikkas like people treat them. You are seen as an potential investment to anyone you know when you are a professional or showcase that potential

Right.

But we also have to understand a rookie doesn't have the mental and emotional maturity to combat and overcome so many ppl trying to reap the benefits they didnt earn.

we have to empathetic to these dudes.

 

[#1 pick]

It is but notice those are high picks, big money and had long careers. I remember lebrons mom had the new fully loaded hummer in high school but she lived in the projects. People were in his pocket. Remember he fired all of his team and hired rich Paul, maverick and other dude to run shyt. No outsiders no more. Went down to Miami. Learned from Riley and dwade and company.

Garnett was fukking off big cash before Boston. Remember he wanted to buy a team. Ain’t got that paper like that now. But d Wade did.


It’s the guys who get 30-40 and have a 5-6 year career which is most of the nba. Not even that long. I think it’s 3.5 years avg. but dudes buying up shyt year 1 like they’ll be here year 8

Most people don't think about the average Hooper. They think about the stars

 

[Diyhai]

I have a rule. Pass wealth down not up.

I guess everyone’s parents are millionaires
Some parents sacrifice to put their kids in a position of success in other ways than money
If you have the ability to help your parents financially why wouldn't you

 

[3rdWorld]

We just don't learn or connect the dots..

Rapper's and athletes been going broke since Hammer 30 years ago and dudes are still fukking up

 

[TEH]

most sports players aren't very smart
smart people are the team owners and attorney/cpa/financial planner they hire

False

they just aren’t smart about money.

 

[lib123]

With bigger contracts, do you think 70-80% of the current NBA players will go broke?