"Most men don't have $1,000 left after paying all of their bills. 100k aint shyt"- Me explaining to my homegirls who say all their dates are BROKE.
- Thread starter Stuntone
- Start date
perfectblack999
All Star
Any woman calling men broke while not having their own finances in order is someone worth ignoring.
Any woman that is OUTWARDLY concerned with how much a man makes/spends on her is also worth ignoring.
You don’t think other women don’t like men with money ?They just know how to play the game smarter.
It’s a numbers game and unfortunately a lot of BW still play the field like it’s not. The ratio of well off to do BM to BW is lopsided compared to most races. BW who moderately have their self together are competing with a small pie of “eligible” BM. Numbers and game dictates if you want to get THOSE BM unless you look like Jordyn Woods or SZA you have to up your game. Being bitter and angry is just going to exasperate the problem.
A lot of women need to go to the locker room and make half time adjustments
Grand opening, grand closing.
I'm glad you made this personal finance responsibility thread so I don't have to create one on the topic.
Mon, June 19, 2023 at 1:15 PM EDT·4 min read
NBA star Antoine Walker blew $108M in career earnings — by wanting to be like Jay-Z, Puff Daddy. 3 key lessons from his plummet into bankruptcy (and his recovery)
Buckets and big bucks couldn’t keep NBA star Antoine Walker from the bottom. A 12-year professional career earned the star player $108 million in salary — but it only took two years after his playing days ended for Walker to lose everything.
On the “I Am Athlete” podcast, Walker revealed how trying to keep up with the luxe lifestyle romanticized in hip-hop culture by rappers like Jay-Z and Puff Daddy led to his spectacular fall. After years of lavish spending on cars, clothes, gambling and real estate, Walker eventually had to declare bankruptcy in 2010.
Thankfully he’s now back from the brink. Walker has since worked as a TV basketball analyst and a consultant for Edyoucore, a company that focuses on financial literacy for athletes. And he counsels others to take accountability for their monetary decisions, and to consider the advice of professionals — CPAs, lawyers and agents — who can act as checks on those spending impulses.
Here’s what his fall and slow climb back can teach ordinary earners.
Starting and maintaining a habit of consistent saving and wise investing will allow compound interest, dividends and capital gains to do the heavy lifting.
But to realize tomorrow’s dreams, you may have to live below your means today. Think about ways to sock away surplus funds into high-yield savings accounts, your employer’s 401(k) or other investment vehicles.
Read more: Shopping without a cash back credit card is just losing money — here's how to make sure you don’t miss out on serious savings
Paying yourself through a savings routine will set you up for both your long-term aspirations and the good charity works one can do with that nest egg down the line. Today’s polite “no” could mean a more valuable “yes” later.
That’s where Walker’s next piece of advice comes into the picture. He suggests that anyone with disposable income should lean into the expertise of trained professionals.
If you have enough surplus funds that might be at risk without professional intervention, consider a certified financial planner who can guide you toward protecting and growing those assets through tax-advantaged investments.
This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
finance.yahoo.com
NBA star Antoine Walker blew $108M in career earnings — by wanting to be like Jay-Z, Puff Daddy. 3 key lessons from his plummet into bankruptcy (and his recovery)
Mon, June 19, 2023 at 1:15 PM EDT·4 min read
NBA star Antoine Walker blew $108M in career earnings — by wanting to be like Jay-Z, Puff Daddy. 3 key lessons from his plummet into bankruptcy (and his recovery)
Buckets and big bucks couldn’t keep NBA star Antoine Walker from the bottom. A 12-year professional career earned the star player $108 million in salary — but it only took two years after his playing days ended for Walker to lose everything.
On the “I Am Athlete” podcast, Walker revealed how trying to keep up with the luxe lifestyle romanticized in hip-hop culture by rappers like Jay-Z and Puff Daddy led to his spectacular fall. After years of lavish spending on cars, clothes, gambling and real estate, Walker eventually had to declare bankruptcy in 2010.
Thankfully he’s now back from the brink. Walker has since worked as a TV basketball analyst and a consultant for Edyoucore, a company that focuses on financial literacy for athletes. And he counsels others to take accountability for their monetary decisions, and to consider the advice of professionals — CPAs, lawyers and agents — who can act as checks on those spending impulses.
Here’s what his fall and slow climb back can teach ordinary earners.
Save aggressively
Walker says he wasn’t used to having money and so as soon as he was flush, he picked up some aggressive spending habits. If you’re dreaming of a lavish lifestyle, it’s important to know the value of saving now and putting that money to work for you.Starting and maintaining a habit of consistent saving and wise investing will allow compound interest, dividends and capital gains to do the heavy lifting.
But to realize tomorrow’s dreams, you may have to live below your means today. Think about ways to sock away surplus funds into high-yield savings accounts, your employer’s 401(k) or other investment vehicles.
Read more: Shopping without a cash back credit card is just losing money — here's how to make sure you don’t miss out on serious savings
Learn to say no — to friends and yourself
Walker previously told CNBC he had to learn to say “no.” It’s helpful advice that’s not just for athletes or lottery winners contending with hangers-on. For the rest of us, saying “no” might mean reducing charity contributions or passing on that Friday happy hour with co-workers.Paying yourself through a savings routine will set you up for both your long-term aspirations and the good charity works one can do with that nest egg down the line. Today’s polite “no” could mean a more valuable “yes” later.
Set a budget, and seek out guidance
It’s important to create and stick with a budget. Online tools can help, and most will start by asking you to list your income and expenses, including rent or mortgage, utilities, food, transportation and entertainment. Once you’ve accounted for money that can handle unexpected expenses, your monthly financial picture will come into focus and help set your path.That’s where Walker’s next piece of advice comes into the picture. He suggests that anyone with disposable income should lean into the expertise of trained professionals.
If you have enough surplus funds that might be at risk without professional intervention, consider a certified financial planner who can guide you toward protecting and growing those assets through tax-advantaged investments.
This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
NBA star Antoine Walker blew $108M in career earnings — by wanting to be like Jay-Z, Puff Daddy. 3 key lessons from his plummet into bankruptcy (and his recovery)
Don't clank your shot at financial success.
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JetFueledThoughts
Superstar
OP loves writing in his diary but he isn’t wrong here.
$100k isn’t what it used to be if you live in a metropolitan area. I wasn’t able to consistently save excess funds until I got past that mark
$100k isn’t what it used to be if you live in a metropolitan area. I wasn’t able to consistently save excess funds until I got past that mark
Nope! Stay where y’all at! It’s racist here.
'It's a b----, but you gotta do it': Charlie Munger says that your first $100K is the toughest to earn — but most crucial for building wealth. Here's why it's such a magical milestone
Here's why 100K is a magic financial milestone.
Peter Popoff
Black uptowns and a chess board nıgga
I don't date women with delusions of grandeur....let alone engage in extended conversations further than just listening and laughing.
A lot of women weren't with nıggas shooting in the gym but want the byproduct of their blood, sweat and tears.
A lot of nıggas want a beautiful headache.
Those 2 are a recipe for disaster.
Also, not everyone's innate purpose is to make 6 figure incomes and why can't we be content with that?
Some of our ancestors weren't that. There's white people born with generational wealth handed down to them and divestors that want to profit off of that and place a comparison chart on us with them, calling us lazy.
I have white friends that make half of what I make with a house passed down to them fully paid off plus tuition free education.
When the reality settles in, shıt gonna hit hard.
The Buddhist monk that gives, lives a happier life than the successful business owner with no real friends.
A lot of women weren't with nıggas shooting in the gym but want the byproduct of their blood, sweat and tears.
A lot of nıggas want a beautiful headache.
Those 2 are a recipe for disaster.
Also, not everyone's innate purpose is to make 6 figure incomes and why can't we be content with that?
Some of our ancestors weren't that. There's white people born with generational wealth handed down to them and divestors that want to profit off of that and place a comparison chart on us with them, calling us lazy.
I have white friends that make half of what I make with a house passed down to them fully paid off plus tuition free education.
When the reality settles in, shıt gonna hit hard.
The Buddhist monk that gives, lives a happier life than the successful business owner with no real friends.
Average salary for a black man is 42k a year… white man 52k a year
Where do these women especially black women think everyone is making 80k above a year
And black women themselves …. overall only 25% make over 75k year and majority makes 50k or less.. look at the stats
blackdemographics.com
This modern generation minds are not on reality
Where do these women especially black women think everyone is making 80k above a year
And black women themselves …. overall only 25% make over 75k year and majority makes 50k or less.. look at the stats
Black Women Statistics - BlackDemographics.com
According to the US Census Bureau the Black female population in the United States was 21.7 Million. This is 52% of the total Black populati
blackdemographics.com
This modern generation minds are not on reality
/thread
Wife is mad cheap/frugal so
And once she retires...I'm out too.
Over the weekend, we reviewed our finances for retirement and uhhh.....looking at the shares of company stock she's gotten over the years (Works for a health insurance company) and her current 401k savings (not even mine)..
She got like 4x the amount of I have....and i don't even have a shabby amount myself
Social Security will be like play money
Social Media done got the game fukked up.Average salary for a black man is 42k a year… white man 52k a year
Where do these women especially black women think everyone is making 80k above a year
And black women themselves …. overall only 25% make over 75k year and majority makes 50k or less.. look at the stats
Black Women Statistics - BlackDemographics.com
According to the US Census Bureau the Black female population in the United States was 21.7 Million. This is 52% of the total Black populati
This modern generation minds are not on reality
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Average salary for a black man is 42k a year… white man 52k a year
Where do these women especially black women think everyone is making 80k above a year
And black women themselves …. overall only 25% make over 75k year and majority makes 50k or less.. look at the stats
Black Women Statistics - BlackDemographics.com
According to the US Census Bureau the Black female population in the United States was 21.7 Million. This is 52% of the total Black populati
This modern generation minds are not on reality
What's really delusional, is a lot of Black women in DC are making 80k + and are struggling, but somehow figuring a dude making 90k is balling and should be able to spoil her????
Bingo… these big homes a lot of white people live in was passed down and also through big life insurance policies
I know white people who make 50k a year living in a passed down 5 bedroom home but a lot of black people minds be thinking they going out getting these homes on they own
Diondon
Thanks to the lawyers uh, I marbled the foyer
Tell em to try Moneybagg Yo 
Rakim Allah
Superstar
Lopsided in whose favor? 5% of BM make 100K or more compared to 3% of BW. Unfortunately, a lot of BW aren’t attracted to the majority of those men for various reasons until they hit that wall, friend.Any woman calling men broke while not having their own finances in order is someone worth ignoring.
Any woman that is OUTWARDLY concerned with how much a man makes/spends on her is also worth ignoring.
You don’t think other women don’t like men with money ?
It’s a numbers game and unfortunately a lot of BW still play the field like it’s not. The ratio of well off to do BM to BW is lopsided compared to most races. BW who moderately have their self together are competing with a small pie of “eligible” BM. Numbers and game dictates if you want to get THOSE BM unless you look like Jordyn Woods or SZA you have to up your game. Being bitter and angry is just going to exasperate the problem.
A lot of women need to go to the locker room and make half time adjustments