This, it would take me all my life to blow that much money, even if i was trying to.If you gave me 40mil and told me to spend it all I wouldn't have a clue where to start. But thats just me.
T Pain Blows Through 40 Million
- Thread starter Big Boss
- Start date
Mandarin Duck
Majestic and Highfalutin
The most I can do is speculate on what I'd do with that kind of money but I don't see myself buying a million dollar car.If you gave me 40mil and told me to spend it all I wouldn't have a clue where to start. But thats just me.
I'd see myself spending the most on traveling but because I've been flat broke before my main concern would be making sure I can hold on to it as long as I can
The Radiant One
Superstar
Be careful of financial advisors when you come into money. You don’t see financial advisors catering to broke people there is a reason for that.
Piff Perkins
Veteran
I look at these rappers and singers and it's the same thing, man. Outside of Drake/Cole/Kendrick, just about all these dudes are going to be broke and desperate in a few years. They're burning money faster than they're bringing it in, and if they're investing it's in dumb shyt. And nobody is helping them. Not family, not friends, and CERTAINLY not the label. There's less money in music rn than there was when T-Pain started winning, so imagine how much harder these current dudes are gonna crash...
The great thing about rap/singer/sports money is you get a lot in lump sums (assuming you're successful). All these dudes gotta do is do the most basic investments and they'll be set for life. He says he had 40mil in the bank at one point. Nevermind that the FDIC only guarantees $250k lmao. See why that's stupid?
Put half that into an index fund and leave it alone. By the time you're not hot anymore as an artist or retire as an athlete, you'll be set for life (assuming you aren't stupid). If you want to invest in real estate, focus on rental properties. "Flipping houses" is all the rage but that shyt is hit or miss, and the market gets wiped out by recessions. You know what stays firm? Rental properties. You buy a duplex or 4 room place, hire someone to manage it (ie collect rent, handle repairs, etc) and you're good. The money won't be insane...but it's steady cash flow...which is what you should want. Once you got that shyt locked in and figure everything out...buy another. Then another. Keep going until you feel like you're at a good amount.
I know a dude who just sold all his rental properties within the last couple years. Older black dude...at one point he had nearly 30 rental properties. The hassle was too much for him, since he did everything himself (including repairs) instead of hiring out. He's a quiet millionaire. Imagine if you started doing that in your 20s or 30s, before "retiring" in your late 60s like he did. Insane money...
The great thing about rap/singer/sports money is you get a lot in lump sums (assuming you're successful). All these dudes gotta do is do the most basic investments and they'll be set for life. He says he had 40mil in the bank at one point. Nevermind that the FDIC only guarantees $250k lmao. See why that's stupid?
Put half that into an index fund and leave it alone. By the time you're not hot anymore as an artist or retire as an athlete, you'll be set for life (assuming you aren't stupid). If you want to invest in real estate, focus on rental properties. "Flipping houses" is all the rage but that shyt is hit or miss, and the market gets wiped out by recessions. You know what stays firm? Rental properties. You buy a duplex or 4 room place, hire someone to manage it (ie collect rent, handle repairs, etc) and you're good. The money won't be insane...but it's steady cash flow...which is what you should want. Once you got that shyt locked in and figure everything out...buy another. Then another. Keep going until you feel like you're at a good amount.
I know a dude who just sold all his rental properties within the last couple years. Older black dude...at one point he had nearly 30 rental properties. The hassle was too much for him, since he did everything himself (including repairs) instead of hiring out. He's a quiet millionaire. Imagine if you started doing that in your 20s or 30s, before "retiring" in your late 60s like he did. Insane money...
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He lying, he never had a 40 million at one time, mike tyson never had 40 million in cash at once but we want us to believe T Pain had that type of money
his manager brought real estate in the hood lmao, so the properties obviously weren't expensive, the real truth is the people around stole all this money because he was a mark ass nikka
his manager brought real estate in the hood lmao, so the properties obviously weren't expensive, the real truth is the people around stole all this money because he was a mark ass nikka
Broke people don't have any finances that need to be advised lmao
i;d buy some blurays and hookers
You sound personally offended bytch nikka, in the video he said he wasn’t paying attention to his money..... “ignorant”
Field Marshall Bradley
Veteran
Nevermind that the FDIC only guarantees $250k lmao. See why that's stupid?
You can get a FDIC guarantee for millions of dollars via CDARS
Buying a Bugatti, Rolexes and "big ass chains" will do that on top of just being careless.
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Uchiha God
Veteran
xXOGLEGENDXx
Veteran
His manager sounds like a coli breh. A lot of you nikkas on here always tell us how easy it would be to flip property and turn $40K into $2M in 6 months
Yinny
Sweet and Sour Patch Mom
Nobody told him to stop buying so many dranks?
*rimshot*
*rimshot*
