It's hard to save if you're financially supporting 50-100 friends, relatives, baby mamas and jump offs.
Is there any excuse for the modern nba player to go broke after retirement
- Thread starter Jalether
- Start date
It's hard to save if you're financially supporting 50-100 friends, relatives, baby mamas and jump offs.
If they end up doing too much that's on them. I make a habit of taking 15% of my gross income and investing it in the stock market every month. That doesn't include the other 15% I save nor the 6% that goes into my 401K. I don't make anywhere near what a ball player makes.
They might wanna buy an apartment building and rent it out to all these family members / friends based on what they can afford.
Agreed but most people in their 20s don’t have that discipline, especially if they lack guidance from family. Jordan, Curry, Kobe and a few others are outliers in that their families didn’t expect any financial support and guided them to making good decisions.
On his podcast Lou Williams said the experience White players have entering the NBA is way different. He said Kyle Korver was genuinely surprised by players financially supporting their parents and extended families. White players live in apartments, with roommates or with family for their first few years and no family asks for anything.
If you got $12.6 million on a deal you don't need to be laying on a mattress on the floor like that's worth boasting about.
I'm all for frugality but that's just wasteful.
I couldn't be an athlete. My black ass would have like 10 gold chains, a collection of 10 luxury watches, one nice ass luxury car with a a 2nd one being a daily (a Genesis, most likely), and that'd be the end of the big spending for myself
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I'd find an Asian wife from Japan, Vietnam, Singapore or South Korea, buy my parents and siblings 3 houses down south for no more than $800,000; a few decent cars, and that's about it. They just pay the property tax and the utilities, so easy money.
. I'd find an Asian wife from Japan, Vietnam, Singapore or South Korea, buy my parents and siblings 3 houses down south for no more than $800,000; a few decent cars, and that's about it. They just pay the property tax and the utilities, so easy money.
SadimirPutin
Superstar
yseJ
Empire strikes back
it looks like cap, this dude 7 ft he aint fitting into a damn regular bed frame
SadimirPutin
Superstar
it looks like cap, this dude 7 ft he aint fitting into a damn regular bed frame
a 6'4 dude looks like he would struggle to fit on that
Lol Adams must be sleeping on the floor
duckbutta
eienaar van mans
After taxes alone he probably only see 45 to 50 of that....
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