Same story different athlete.... Deshawn Stevenson broke

[Kings County]

He hiding his money

nikka u dont hide your money for 400k that boy broke

How you make 28 Million and be BROKE?????

similar to when u get your tax return refund you spend that shyt mad quick

These nikkas come out the hood they dont know nothing about investing. They gonna buy jewelry and cars if he made 28 and u take out taxes he only really made 15mill

 

[ZoeGod]

Thing is you have NBA players like Shaq and Jamal Mashburn who invested they money wisely that they own multiple franchises and real estate. Look at Floyd he is smart with his bread. His real estate portfolio is worth $1 billion! It's right that a fool with his money is apart. There is alot of athletes that get and alot who dont. It's kinda like life.

 

[dora_da_destroyer]

I love how coli financial analysts who never made anything close to a million dollars are experts on how a millionaire Spends his money

How so? If a person who makes 40-100k a year can find a way not to go broke and be set for 20-30 years of retirement, seems to me they have more knowledge of managing money than someone who made ten's to hundreds of millions of dollars and can't sustain themselves 3 years into retirement. Only one side looking stupid in that scenario and it ain't the "coli financial analysts"

 

[jwonder]

Man what are these brehs doing with those NBA millions

It's the old saying it's always easy to spend money than to save. You'd be surprised how fast money can go when you are partying and do shopping sprees everyday

 

[3rdWorld]

Where's Iverson?

 

[Harry B]

I love how coli financial analysts who never made anything close to a million dollars are experts on how a millionaire Spends his money

Just cause you are good at shooting hoops doesn't mean that you are good at handling money. Dudes are not even involved in the negotiations for the money, it's often two people with "normal" salaries that negotiate those.

We have cats here making 50k a year and have money for 20-30 years, are you telling me that they don't know more about money than a dude that has 28 million and can't keep it for 3 years? .

 

[ZoeGod]

Where's Iverson?

He good. He ain't broke.

 

[3rdWorld]

He good. He ain't broke.

Last I heard he was scraping the bottom of the barrel.

He wont be broke forever..his lawyer or someone saw how fast he was blowing cash and put some clause in his contract or something that he can only get some of his money when he hits a certain age..

 

[ZoeGod]

Last I heard he was scraping the bottom of the barrel.

He wont be broke forever..his lawyer or someone saw how fast he was blowing cash and put some clause in his contract or something that he can only get some of his money when he hits a certain age..

Yeah I think when her turns 50 he will have access to like 50 million dollars. But he is good now. He is more mature now. He doesn't party no more. He just spends time with his family like a regular degular dad in his 40s is supposed to do. Plus the press of him being broke is being pushed by the same sports media that went on him for the way he dressed.

 

[Ronnie Lott]

nikka u dont hide your money for 400k that boy broke


similar to when u get your tax return refund you spend that shyt mad quick

These nikkas come out the hood they dont know nothing about investing. They gonna buy jewelry and cars if he made 28 and u take out taxes he only really made 15mill

And how do you know that he's broke

 

[3rdWorld]

Yeah I think when her turns 50 he will have access to like 50 million dollars. But he is good now. He is more mature now. He doesn't party no more. He just spends time with his family like a regular degular dad in his 40s is supposed to do. Plus the press of him being broke is being pushed by the same sports media that went on him for the way he dressed.

I remember an old boss of mine (white), saying he hated Iverson cause he was a 'thug'
He liked Vince Carter cause he looked like a good safe negro.

 

[MWinn]

Seems like all these athletes and entertainers are feeling it this year. The next group better learn investing fast.

 

[Paradise50]

AI will never be flat broke...he'll always get endorsements of some kind plus he's getting more money from Reebok down the road

 

[GunRanger]

i really dont think an atm in your house is a bad idea for a celebrity.

 

[AITheAnswerAI]

Why is the excuse "well he's hiding his money" considered smart or good?
if some random poster on a message board thinks he's hiding it what do you think the actual people looking for money are thinking
Ya'll thinking his creditors or just going to forget about in a year and DS will be able to buy that new Bentley and floss on instagram

He might be laundering money.

Rich people do it all the time.

You make it seem like you spent it or lost it in an investment, but somebody on the inside makes sure you secretly get it back (for a price) and you don't have to pay taxes on it.