You’re expecting a lot of people in their early 20s who didn’t grow up around financial literacy. What you’re saying is logical but it just goes to show how the environment you’re born into largely dictates your mindset and how you prioritize seeking information.
Odell Beckham explains why $100 million contract isn’t really a lot of money “if you think about it that’s only $60 million after taxes”
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You’re expecting a lot of people in their early 20s who didn’t grow up around financial literacy. What you’re saying is logical but it just goes to show how the environment you’re born into largely dictates your mindset and how you prioritize seeking information.
its no different than someone making 60k a yearAge is no excuse…
Get a financial planner. Live below your means. Live off your endorsement money & not your contract…
Absolutely no excuse to be broke if you seeing 100 ms
there are people living check to check
people saving
people buying cars and homes they can't afford
it really doesn't change at any level
its people in other countries looking at 60k only making 5k a yr saying if I had that I know what I would do
if you are financial irresponsible it doesn't matter how much you make
as well as people who do the opposite and die with too much
worked years they could have lived and died with money that is meaningless when you're dead or too old to use it
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cuz people with real jobs are all responsible with their moneyYou can tell that these dudes have never had a real job
He’s right.
A million ain’t enough
A million ain’t enough
O.T.I.S.
Veteran
True and shyt a lot of us didn’t grow up around it either.
Most of the shyt I even learned has been from military training or military brehs that have gone through it and mentored me on things they’ve seen/did.
Or with random people throughout life in passing. Even some of the shyt I’ve read here.
But as far as family and people from where I grew up or schools… idk If I can say they’ve helped that much. But there are some and young people are going to have to reach out and try or find other ways.
I think the NBA has tried at least with doing shyt that the Military did and made certain shyt mandatory… but they still have to listen and use the advice/knowledge.
King_Kamala61
:mjlit: A Fat Black Nasty MFer :mjlit:
Best thing to do. It's motivation when you do it.
BmoreGorilla
Veteran
It’s real easy to see how someone in their early 20s can blow thru all that bread. Especially if your someone who came from a disadvantaged background and viewed sports as your way out. There’s a good chance you never taught any type of financial literacy
O.T.I.S.
Veteran
I was going to start painting again for therapy a few years ago, even bought the shyt to get started but never did and gave it away when I moved.
might try again after guitar lessons
King_Kamala61
:mjlit: A Fat Black Nasty MFer :mjlit:
Simple drawing pencils and paper will do. But yes a guitar maybe better cause you can sing your pain awayI was going to start painting again for therapy a few years ago, even bought the shyt to get started but never did and gave it away when I moved.
might try again after guitar lessons
Football players are blowing money before they even sign their NFL contracts.
He bought this chain for the draft and went in the 5th round. His 4 years pro contract pays less than what he made in college. Yeah, he comes from money but his dad's money isn't his money. He already has two Maybachs, a Lamborghini Urus, a Rolls, and who knows what else. He's blowing money before he's made it. That's the mentality a lot of these young guys have and they don't have millionaire parents to fall back on.
Someone needs to tell them they don't need bust down Cuban links and cars. They shouldn't buy them on their rookie contract. If you get to a lucrative second contract then treat yourself. The NFL has 7 rounds in the draft and if you're not taken in the first you're not making that much money and most of it isn't guaranteed. You can get cut and be out of the league by year 2.
He bought this chain for the draft and went in the 5th round. His 4 years pro contract pays less than what he made in college. Yeah, he comes from money but his dad's money isn't his money. He already has two Maybachs, a Lamborghini Urus, a Rolls, and who knows what else. He's blowing money before he's made it. That's the mentality a lot of these young guys have and they don't have millionaire parents to fall back on.
Someone needs to tell them they don't need bust down Cuban links and cars. They shouldn't buy them on their rookie contract. If you get to a lucrative second contract then treat yourself. The NFL has 7 rounds in the draft and if you're not taken in the first you're not making that much money and most of it isn't guaranteed. You can get cut and be out of the league by year 2.
O.T.I.S.
Veteran
Well… I got a degree in music (Audio Engineering)
Just haven’t tried to use it in 2.5 years. I was doing it to help me get motivated into making music again and to give me something to focus on/keep my mind from being idle. Like a goal… was going to do keyboard classes too.
Maybe make some side money creating jingles or beats to sell randomly. But art shyt helps quiet the mind. Like the gym
This.
Its wild how these mfs go broke. Thats $50k a month without touching the principal. Humans are retarded.
But then again financial literacy isnt taught and I didnt learn until later in life so lemme shut the fukk up
The point was he doesn't know the value of money... There isn't anything he can't do with 60 millioncuz people with real jobs are all responsible with their money
The Prince of All Saiyans
Formerly Jisoo Stan & @Twitter
if you wanna cry for him you are something else
you are just broke
its levels
just like people want a lexus instead of a kia
he wants a bentley or RR
lifestyle inflation, keeping up with the jones, its just a different tax bracket