T Pain Blows Through 40 Million

[Hiphoplives4eva]

This story is pathetic. I hate reading shyt like this.

40 million!!!

 

[peppe]

Should have listen to grant cardone and invested in multi family homes or 16+ unit rentals.



When you have that kind of money it should be impossible to go broke.

 

[Piff Perkins]

I always said if I had millions, I would play it safe and continue with my index fund investments. Just investing more obviously. Boring predictable and safe.

Warren Buffet said when he dies he'd prefer his wife to invest 90% of his total wealth in index funds, and put 10% into bonds. Last year wasn't good for index funds due to this idiotic trade war/tariffs but usually you're gonna see a nice return yearly unless a recession happens. Just looking at the Vanguard 500 index fund, the last ten year's returns:

2009: 26%
2010: 15%
2011: 2%
2012: 16%
2013: 32%
2014: 13%
2015: 1%
2016: 12%
2017: 22%
2018: -4%



Now imagine you were a rich rapper/athlete/singer/etc and invested 10mil in 2009 (and never took any profits out).

 

[Mʀ2ᴋDᴇᴇᴢ]

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

Breh.

 

[Jhoon]

bro I swear I read that post and started laughing

How much time does it take to manage zilch?

 

[BaileyPark31]

An ex of mine owned a house on the same street he lived on in NC.

My ex said he seemed to spend more like in upper middle class person. The house was under 500k and his cars weren't crazy expensive.

Then again, he coulda been renting and leasing. He didn't live there for long.

 

[Payroll]

Different rapper same story....













































“Stop pocket watching”

Coli fakkits about to ask you what you doing with your 40 mil..

 

[Software]

This, it would take me all my life to blow that much money, even if i was trying to.

That's what people say but most go broke

If you don't earn the money organically you are likely to lose the money and go broke

 

[FLATOP]

His manager finessed him and made poor investment choices in real estate. This isn’t your run of the mill “ignorant” spending story. Hop back on Beyoncé’s clit.

Managers finessing dummies is "ignorant" spending story #1

 

[King Frost]

its crazy to think about that. but I don't think there was even 1 million in existence like that back in 2011

the coins were available
even if they weren't, the mining farms woulda hauled ass to spit em out if they knew they had a big money customer waiting

 

[MMS]

Real estate is the biggest scam there is.

 

[Starski]

Fast money earned is fast money spent...

 

[IsThatBrothaMouzone?]

Too many people invest in real estate when it's one of the riskier ventures out there....too much speculation with potentially high ROI but also massive potential for substantial losses.

Just sit on the money for a bit (index fund/ETF/Roth IRA etc)...just put it on some government bonds or something. Seems like athletes and musicians will invest in EVERYTHING but the stock market. Always found that odd. Maybe because trading stocks is harder to grasp than something more tangible like a restaurant, properties and so on

 

[Cadillac]

if I was him I would be mad just thinking about losing 40 mill. You would have seen me suckerpunch Cthagod out of frustration

 

[MoveForward]

I knew something was up when he moved up the street from my homeboy. Nice crib no doubt but not what you would expect T-Pain to be in.