Originally posted by Cgarcia
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Mayweather net worth 170 mill? Will He be broke soon after boxing?
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Originally posted by GHOST KING View PostOk it shows he's earned 333 million in fight earnings since 2006(Baldomir)
So he has spent over 160 million dollars in the last 7 years??
I'm not sure how accurate these sources are but if it's true, damn! Folyd dont have much longer to use the name "money"
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Originally posted by Check_hooks View PostI read the espn article about him and it said that he has to pay everyone around him to hang out with him and laugh at his jokes. It was pretty sad actually
And Floyd spends $200,000 on purses so yea, hes gonna end up broke
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Originally posted by Jedi Vader View PostPeople rejoicing at the thought of another man's downfall is quite frankly, sad.
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Originally posted by check hook View PostI'm a financial adviser to high net worth clients, believe me i understand this better than most. Overcoming ones psychology is the key to investing. The market (ASX200) is at 4,000 and you can count on one hand how many clients you can convince to invest excess cash or take out a loan to "gear" into shares, which with our system of franking credits (a tax credit on dvidends) and tax deductions on the interest becomes very tax effective on the top marginal rate.
The market goes up above 5,000, close to 30% up and all of a sudden the clients call you wanting to put more money in.
Having money in the bank, even here in Oz where you can still get an annualised rate of 4.2% is a negative real return proposition after inflation and taxes.
Welcome to the world of financial repression.
So, according to you, no one should ever keep money in a bank. They should invest all of their money. Do you think Oprah Winfrey has a few hundred million in the bank or does she invest all of her money in stocks, bonds, etc? What about Warren Buffet? Is his checking account overdrawn every month because he invests all of his billions of dollars in Berkshire-Hathaway? No one on this site has a clue how much money Floyd has, how Floyd invests of spends his money or what percentage of his money is invested or sitting in the bank. And quite frankly, it is no one's business.
If he dies rich or goes broke within a year after he retires, it is no one's business. And, if he was going to take financial advice from anyone, I am damn sure he wouldn't take it from a bunch of clowns posting comments on a boxing message board.
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Originally posted by Arakawa Dunn View Postyou are advocating he choose 50 cent over Al Haymon, who has a MBA from Harvard, regarding money issues? You are of course the same poster who in 3 months has 40% of thier posts about Canelo's d!ck.
I don't even know who you are, but I have heard of you. The infamous mayweather goblin. You're one to talk, as you have mayweather, and apparently Al Haymon, deep in your mind and throat.
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