It really doesn't matter how much money you give a broke person they'll still end up broke

[WesCrook]

The vets on whatever team he was on should have put him on some game on buying assets but of course his agent probably "recommended" certain individual to hold his money.

 

[Larry Lambo]

I would tell anybody that comes into that type of money, to lock in 50% in low risk/low return investments, and live using the rest.

But you got folks convincing them to try to make big returns, and they end up losing it all.

 

[Originalman]

Trusting other people with his money is the larger issue.

This

 

[Nobu]

Americans are straight retarded with money. 40% of grown ass Americans don't have $400 in emergency funds

Saving a measly $10 a week for a year is $520. Anyone can easily find an extra $10 a week by cutting back somewhere, no excuses.

40 percent of adults can't cover a $400 emergency expense, Fed survey shows

 

[Kane1]

Thread title is true, I had to learn this with my mom and some of my friends.

Being poor truly is a mindstate.

I avoid broke people like the plague



You have to realize that you can't save people from themselvesstop trying to be

 

[Gold]

No matter how much money you give a rich person they will always want more
















































pay up nikka

 

[Kane1]

Americans are straight retarded with money. 40% of grown ass Americans don't have $400 in emergency funds

Saving a measly $10 a week for a year is $520. Anyone can easily find an extra $10 a week by cutting back somewhere, no excuses.

40 percent of adults can't cover a $400 emergency expense, Fed survey shows

Too busy 'fake balling'



It's all fun and games til someone loose their job and have $0 in savings just opened up my 4th savings account (just in case my son needs bail out money if his girl starts tripping) dude ain't even in a long term relationship yet but I'M READY FOR THE BULLshyt

 

[Kamikaze Revy]

The coli isn't going to like the implications of this thread.

 

[Ezekiel 25:17]

Americans are straight retarded with money. 40% of grown ass Americans don't have $400 in emergency funds

Saving a measly $10 a week for a year is $520. Anyone can easily find an extra $10 a week by cutting back somewhere, no excuses.

40 percent of adults can't cover a $400 emergency expense, Fed survey shows

Seems like everybody making $250k a year if you look at Instagram

 

[Bubba T]

Damn I didn’t know the Coli had so many accountants and financial advisors

 

[Obreh Winfrey]

Even if after taxes that was 30 million all he had to do was year 1 take 1 million and put it in an S&P500 tracking index fund reinvesting the dividends and take a second million chop it up into 4ths and put it in high yield savings accounts that earn 2% interest. Could have blown through all the rest of that money and he would have still had something to fall back on.

Yeah, and all CJ had to do was follow the damn train . It's never that cut and dry.

 

[Strapped]

Op is right some peeps just like living an exciting lifestyle & spending foolishly

 

[Black Panther]

I understand people who are foolish with money exist, but the thread title is largely untrue.

We don't live in a meritocracy, and the wage gap continues to widen. The moment a small portion of society is able to establish--at the expense of others--massive amounts of generational wealth, the illusion of a meritocracy breaks down.

People who earn massive wealth and then subsequently squander it do not prove the existence of a meritocracy.

Y'all need to quit regurgitating these right-wing talking points. :cambybp: