That 30 for 30 claims another one: Darius Miles

[blues_funk_reggae]

To be honest most of these athletes would be better off just keeping the money in a savings account at least until they retire and have the time to learn and research "safe" investments.

Real shyt. I remember watching a finance video on youtube, don't remember if it was boyce watkins, but it basically said that keeping your money in a savings is not a "sexy investment" but its safe and guarantees a return.

 

[Rell Lauren]

Owning property and land isn't as safe as an investment as you guys make it seem. My coworker own land in Detroit, but had to get it appraised and the existing property on it demolished in order to own it. She's considering selling at a loss, but is holding out because JP Morgan and guys like Dan Gilbert are pouring a lot of money into the city.

 

[Shadow King]

So players collect each other's jerseys?

 

[Maxine Shaw]

I hate this notion of if you aint investing, youre losing money. No the fukk you aren't. Some many nikkas get bread and think they have to. Ain't nothing wrong with saving your bread!

Agreed. Just let that shyt sit in a bank and draw a lil interest. This BK is kind of heartbreaking. Looks like he was trying to live modestly and STILL lost it all.

 

[Lo-Co]

No remorse for these cats. Get a huge contract and instead of actually saving your money and sitting on it you decide to blow it and invest in stupid shyt that probably wont make a profit. If anything these cats need to get with Magic Jordan or Bron and learn how to invest that bread wisely.

Or junior bridgeman

 

[WaveMolecules]

i wouldve loved to get that bird jersey

 

[AlainLocke]

And if you have 66 mill why the hell are you hopping in these get rich quick investments

Cause every nikka wanna be a damn mogul....and that mogul shyt ain't for everyone...some nikkas just need to put their money in some index funds and trusts and enjoy their life.

Greed attracts Greed. Look at Antoine Walker's dumbass...

All it take is for business advisors and planners to come talking about real estate, restaurants and record labels and nikkas get taken for a ride.

 

[Easy-E]

Why can't these nikkas just save their money? Everyone isn't smart enough to be a business man...recognize that

This

The guarenteed investment is a savings account.

I think these dudes get greedy, too.

 

[AlainLocke]

So players collect each other's jerseys?

You didn't know that...

 

[NormanConnors]

How a signed Bird Jersey get 100.00? Wow

And how is a signed Dirk shoe and a Lamar Odom shoe only a $100 difference

 

[Larry Lambo]

Man, if these dudes just lock down 30% of their earnings in an index fund.

Oh well, I wish the best for him.

 

[TheEgyptianConniption]

$66 million earned is probably like $25 million net after taxes, fees, dues, etc. That's really not a lot if not managed properly. It can easily whittle away in 10 years.

Give me 25 million dollars and I'll live a great life then my son can have the 15 million I've got left when I die.

 

[Big Boss]

These dudes always trying to flip their money

 

[Big Boss]

Guys like Jordan, Kobe, Magic, and Lebron will never go broke.


They made for life.


People always buy jordan shoes and lebron has a billion dollar deal with Nike

 

[360dagod]

12 properties but he's not getting any money from it???

Why don't these nikkas talk to some of the veterans on the team at the time or hired agents with a history of not fukking over their client like rob pelinka or jordan or chris paul agents...

And if u investing into sonething sit your ass down for 5 days and even more and read

Them nikkas be getting finessed too...



He made shytty business moves outside of basketball...