Have Cacs rob you for 43 million dollars, plan to murk them then chicken out brehs.

[Sonic Boom of the South]

He made enough money to where he could have just left it in a bank and not have to live frugal

Yep

And when I mean live frugal
I just mean
Don't buy multiple cars and houses
Don't start a business

Just get u a nice crib
Get ya parents one
Help siblings
Lease the luxury car of ya dreams if u have to
Buy a everyday ride
No stupid jewelery
And chill

 

[sayyestothis]

He made enough money to where he could have just left it in a bank and not have to live frugal

Have u ever had millions?? Growing your money is important. Leaving generational wealth is important at that point...it turns into a goal. How can you take care of ur bloodline yrs and yrs aftwr your gone. Ppl in that position know they can live how they want for the rest of their lives but the mindset changes when you have wealth like that. Its not about "making it thru my life" its about setting up great grand kids...

 

[badtguy]

I remember this nikka was all up in the DC clubs back in the day popping bottles. Making appearances. I thought he was being paid.

Only To learn this dumb nikka was spending his own money.

 

[L&HH]

Ridiculous really. Has no one to be but himself. He could have invested in gas stations, franchises, real estate, construction.

The return isn't alot but atleast you know you're making money from various streams and you're losses are minimal.

Do some of you guys just say things just to say it? What do you think Portis knows about investing in any of that? That's the whole reason he got financial advisors so they can do that for him. Construction nikka? That's one of the dirtiest games out there. You should watch the Wire and see how Stringer Bell was taken for a ride in construction and real estate. He'd get robbed in those industries as well. The best things for some of these athletes is probably to just park their shyt in a bank, trust fund/mutual fund and live frugally for the rest of their lives. They don't know shyt about investing and they can't trust anyone to do it for them.

 

[Remote]

Just 30 years old, the 5' 11", 218-pound Portis was only 77 rushing yards shy of 10,000 for his career and 648 short of John Riggins’s all-time Redskins mark—but he was eager to deliver that farewell speech. His infatuation with football, in fact, had begun to wane five years earlier when Snyder had knocked on his hotel room door in Miami, sun not yet peeking through the blinds, and collapsed into the running back’s arms, muttering through sobs that the teammate Portis most revered, Sean Taylor, had succumbed to gunshot wounds.

RIP Sean Taylor

 

[badtguy]

Do some of you guys just say things just to say it? What do you think Portis knows about investing in any of that? That's the whole reason he got financial advisors so they can do that for him. Construction nikka? That's one of the dirtiest games out there. You should watch the Wire and see how Stringer Bell was taken for a ride in construction and real estate. He'd get robbed in those industries as well. The best things for some of these athletes is probably to just park their shyt in a bank, trust fund/mutual fund and live frugally for the rest of their lives. They don't know shyt about investing and they can't trust anyone to do it for them.

Lol real estate is not that hard they have property management companies for that

 

[™BlackPearl The Empress™]

Bc at that complex of a situation handling ur own money involves alot. He didnt have 20k in a savings to handle.

Unfortunetly he dealt with terrible humans...

But expecting portis to just handle things is insane as well as anyone in his position...

40 million doesn't need to move unless you know how to move it. There is nothing complicated about that.

 

[L&HH]

Lol real estate is not that hard they have property management companies for that

And how do you know the property management company won't rob you? In anything you do that involves multiple parties you're going to have to have some sort of savvy. Some people just are not good at these things, shyt not even some MOST people are not cut out for making business savvy financial decisions. I see it all the time, it just is what it is. For most people they're better off not even attempting and parking their money somewhere.

 

[EndDomination]

Bu bu bu but put your money in "safe" investments

He didn't put his money in anything. He gave it to some cacs who lied to him.
They also straight-up forged his signature and started pulling money out of his accounts.
Again, financial advisors are shady. Go to a big-ass bank, where you're not the wealthiest person, by a long stretch, and talk to them about your finances.
JPMorgan in NYC, the Deutche off the coast, somewhere.

 

[™BlackPearl The Empress™]

Have u ever had millions?? Growing your money is important. Leaving generational wealth is important at that point...it turns into a goal. How can you take care of ur bloodline yrs and yrs aftwr your gone. Ppl in that position know they can live how they want for the rest of their lives but the mindset changes when you have wealth like that. Its not about "making it thru my life" its about setting up great grand kids...

If he would have done that before retirement (ie when he had time to learn the finances himself) he's still have 40 million.

 

[EndDomination]

You know most people really don't make shyt in those types of investments right?

My good friend is a millionaire and invests his money himself. He goes off of tips and research. Dude literally has a company with 5 different locations across 3 states. He is constantly on the go and STILL finds time to manage his owe money. There is no excuse. I don't care what White people do (like I give a fukk about White people) handing over your money to people who doesn't give 2 fukks about you is idiotic.

Most people aren't putting millions into it, either.
A simple portfolio that follows the S&P 500, would yield generous enough returns for him to live comfortably for the rest of his life.
Drop some cash on government bonds and homes in SF/SD/LA/NYC, and rent them out.

 

[™BlackPearl The Empress™]

Most people aren't putting millions into it, either.
A simple portfolio that follows the S&P 500, would yield generous enough returns for him to live comfortably for the rest of his life.
Drop some cash on government bonds and homes in SF/SD/LA/NYC, and rent them out.

 

[newworldafro]

Funny..when I worked a hotel in DC...saw Clinton...this was like 2003. Pulled up in a huge ivory clored Caddy SUV....crazy.

 

[sayyestothis]

40 million doesn't need to move unless you know how to move it. There is nothing complicated about that.

Incorrect. As said before in my other post delegation is important to every successful person...so just bc you have x amount u just let it sit? Nah. Again incorrect. The fault is on Portis not doing the DD to be involved more and researching who he is dealing with.

 

[sayyestothis]

If he would have done that before retirement (ie when he had time to learn the finances himself) he's still have 40 million.

Assume u meant AFTER retirement but either way dude is a brand. He has a job, a way to earn...what bc he has 40MM he supposed to all of a sudden become a planner? Learn tax and estate law???

I dont think u are respecting the fact when u have 40MM its different from having 1MM or a couple hundred thousand.

He had COMPLICATED finances...yall are talking sideways on this and or just dont get it...