Is there any excuse for the modern nba player to go broke after retirement

[stepbackj34spud]

Coli accountants yall. Because investing is NO RISK, HIGH REWARD. Smh

 

[stepbackj34spud]

But I do agree that the money is too high now for players to go broke.

 

[FaTaL]

But I do agree that the money is too high now for players to go broke.

Just like Ewing said, “you make a lot of money and you spend a lot of money”

 

[MasterOfAllHeSurveyz]

There's always two sides to every story.

Floyd will go the same way in the next decade or so. The idiot admitted in one of his pre fight shows to having a $1 million monthly expenses
That's $1 million a month

I just remembered this interview my homey Jayson Cross conducted.

 

[Unfiltered]

The amount they are making nowadays, even average players, there's zero excuse not to have investment potfolios and savings
They make too much money and have access to the best financial advice to fukk it all away.

Is there ever a scenario where you would feel pity for any of these nba players going broke after retirement. I would like to hear it

Those Mansions are a ton of upkeep plus the women they marry aren't exact conservative minded so I won't say it's not possible. Light bill alone on them homes is like 15k a month probably. New cars every 6 months, expensive chefs, tons of scanners trying to target them for bad investments. I understand.

Plus baby mommas and gold diggers targeting them.

 

[MikelArteta]

Nope not at all
When’s the last modern nba player to go broke anyways?

 

[Unfiltered]

Even a regular breh making 125k a year prkbay got a above average woman who drives a 70k bummer or Benz and eats at whole foods all day. You can easily spend 200 each time you buy food from there. Even public is a bone every time youpad up on groceries.

Pretty people or successful people usually live big.

Usually.

 

[Unfiltered]

Nope not at all
When’s the last modern nba player to go broke anyways?

I know Peyton manning plays football but I hear his wife is some big time executive at a firm. Those white dudes be living cheap having long bread. Still remember George Bush saying he loves his f150.

It's really a culture issue in a sense white athletes just fukk and dump them glkddiggers chicks and marry some stay at home conservative blonde like Drew Brees.

 

[MikelArteta]

I know Peyton manning plays football but I hear his wife is some big time executive at a firm. Those white dudes be living cheap having long bread. Still remember George Bush saying he loves his f150.

It's really a culture issue in a sense white athletes just fukk and dump them glkddiggers chicks and marry some stay at home conservative blonde like Drew Brees.

Many of these white dudes are fine with a f150 , ripped tshirt and pair of levis

No 500,000 chain or Ferrari

 

[The War Report]

If it was me I’d be living low key.

 

[DonRe]

So are guys like MJ,Magic,Bron,Shaq just lucky or just more equipped at sniffing out scammers

Or learned from being scammed and moved smarter. Every successful business has failed miserably. Luck is part of it but also adjusting to every play.

I dont see how even a benchwarmer can go broke. So much money but also so little insight on how to build on it.

 

[FaTaL]

Rodmans financial advisor stole around 25 mil from him

 

[Waldo Geraldo Faldo]

It's all relative.

Imagine someone who makes $18,000 a year in this country. And you make $80,000. That poorer person would look at your salary like hitting the lottery by comparison. But with more money generally comes more expenses, more luxuries, more investments...etc.

I would say there's no excuse, but that's assuming that a wealthy athlete is living well within their means.

It's fair to say that athletes today have surely gotten ALL THE WARNINGS about financial irresponsibility. But warnings have never really stopped people from making poor decisions -- not just with money. With love, with drugs, with lots of things.

I could feel pity for someone blowing through a fortune depending on the circumstances. Anyone could be misled, taken advantage of, manipulated, or just be the victim of bad luck.

Key thing you touched on was living within your means.

I got a best friend that quit working when we were around 25-26, buddy bet on himself and he has been doing great since. But you never would be able to tell because he stay within his means.

I have learned a ton for him over the years. Especially getting out of college and getting right into a high paying career, I still live similar to my college budget.

 

[MJ Truth]

Wow you make a good point. wasn't mike tyson a victim of this

A lot of guys are. KG and Duncan lost big amounts of money to scamming accountants and advisors. Arenas too.

 

[<<TheStandard>>]

I've made and lost a million dollars before....and that's when I understood how people could fukk up large amonts of money.