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#21
Old 11-09-2010, 02:00 AM
titanium
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It's not only athletes, people without money that inherit large amounts and big lottery winners have a high bankruptcy rate after 5 years. It is about investing and conserving your spending habits I guess.
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#22
Old 11-09-2010, 08:39 AM
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I suppose you get a lot of "friends" when you become rich who want your money, plus if you have been a big money star for a long time or since you were young you would get used to spending lots of money. Its not that hard to look after your money tbh.
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#23
Old 11-09-2010, 08:43 AM
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Originally Posted by titanium View Post
It's not only athletes, people without money that inherit large amounts and big lottery winners have a high bankruptcy rate after 5 years. It is about investing and conserving your spending habits I guess.
yeah, i mean you can get bank accounts were you can put up to say $5m into for a set period and get a guaranteed income and return on your money better to do that if you don’t know anything about money than go in for some mad investment.
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#24
Old 11-09-2010, 02:15 PM
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Originally Posted by Disposable Arts View Post
You forgot the agents/managers who rape them of their money, but anyone whos dumb enough to trust another man with their finances.. deserves to be robbed IMO.


Thats why I respect B-Hop so much, hes been a boring ass fighter for the last 5 years or so.. but has invested his money wisely that he'll never go broke and when he retires, will have more than enough for his family to live off.

Bhop is old as freakin hell. I think he's retiring after the pascal fight. he should anyway.
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#25
Old 11-09-2010, 02:18 PM
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Easy actually.

When they are making it, they are spending it.

When they aren't making it anymore, they are still spending it.
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#26
Old 11-09-2010, 03:11 PM
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invest in real estate. best way to invest your money
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#27
Old 11-09-2010, 05:14 PM
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Just read the Leon Spinks bit, sad, sad..
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#28
Old 11-09-2010, 05:17 PM
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invest in real estate. best way to invest your money
Like in Florida and Cali... right?
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#29
Old 11-09-2010, 05:39 PM
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Seriously though, did Holyfield moved all of his family, relatives, long lost relatives, and close friends in with him in that house? What did he need the rest of the rooms for?
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#30
Old 11-09-2010, 05:47 PM
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Originally Posted by reedickyaluss View Post
Like in Florida and Cali... right?
And Nevada and Arizona, hell everywhere really. Real estate probably won't become a good investment here in the US for at least another decade. This recent moratorium on foreclosures didn't help matters much.

Like you said, pro athletes get used to a certain lifestyle and continue to live that way long after the money keeps pouring in. And not all of them are smart enough to invest in boats.
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