Tim Duncan loses 20m from friend/financial advisor

[Big Boss]

Nobody will care about your money more than YOU will

true

 

[GunRanger]

Yeah, but his kids/grandkids ain't gonna cake though.
Another example of why generational wealth doesn't go far in the black community.

he still has millions. His kids will be wealthy for life

 

[illa_delf]

Be a GOAT decision maker on court & a WOAT decision when maker off the court, brehs

 

[superunknown23]

he still has millions. His kids will be wealthy for life

There's a difference between rich and wealthy. That dough will dry up fast. That's always my first thought when I hear about black athletes going broke after retirement (majority of NBA & NFL players).
It doesn't help that most black millionaires in this country are athletes and entertainers either.
White folks have that generational wealth game on lock

 

[Jax]

Kobe at least stingy with it, not even his moms getting dough.

 

[superunknown23]

Kobe at least stingy with it, not even his moms getting dough.

Him giving a huge mansion to his Mexican mother-in-law while beefing/ignoring his mom was just

 

[Scientific Playa]

Call him Uncle Warren and sitting on your boss' leg who called you out, wrote a letter shyt about you...who knows what....he's probably called him the N word behind his back.

dude had to get out of miami to avoid them A-Rod problems.....dem billionaires got the connections.

 

[Trojan 24]

Kobe plays for New Mexico?

Maybe he meant OKC

Them flyover states, we don't count those. Next real state west of Texas is California

 

[GunRanger]

There's a difference between rich and wealthy. That dough will dry up fast. That's always my first thought when I hear about black athletes going broke after retirement (majority of NBA & NFL players).
It doesn't help that most black millionaires in this country are athletes and entertainers either.
White folks have that generational wealth game on lock

There hasnt been any report that he's anywhere near broke. He wasnt even hurting for the money, until he realized it during the divorce. He still has 10s of millions.





If it helps, Duncan does own an auto body shop.

 

[TKOK]

I'm not against having a finacial adviser or anything, but i'd be watching that dude/dudette like a damn hawk. be checking my account all the time and call him like "we'll meet during the next homestand"

 

[FcKuPaYmE]

 

[King Poetic]

I'd be in that nikka's crib with a pistol in his mouth

Exactly... u wait 17 years to check on your finances.... never trust nobody with your money..

to Isaiah thomas who handle his own contracts and investments

 

[AITheAnswerAI]

Gotta double check EVERYTHING if you have other people close to your money.

 

[King Poetic]

Kobe like pay cut...

nikka u never know

 

[AVXL]

That rat race will always get nikkas. I think after you make a certain amount of money you shouldn't want to make anymore. If you make 100 mill. fukk investments and fukk all that other shyt. Just adjust your lifestyle accordingly and live.

Nah I can't cosign this. I'm not adjusting shyt. If I've already made 100 M's but I can get another 100 M's on my next contract you best believe I'm trying to get another hunnid. fukk stopping, that's a broke nikka mentality, especially if you have a family.

Sucks what happened to Tim, gotta vet your people better...he should've had someone audit his investments & Banks every year