Apart from Pacquiao which boxer will be broke within 10yrs
Collapse
-
dude , you still arguing about that?
he owed the irs money and he paid them off after he got paid for the jmm fight.
say he no longer owes the irs money. don't bull**** and pretend he didn't owe them money.
the irs doesn't record liens on your property if you don't own them money.Comment
-
I think this is as good as an explanation as any, Manny could possibly be broke in the USA but PAC will never be broke in the philippines ...
his "San Miguel Beer" endorsement alone sets him up for life, and to add he is a billionaire in the Philippines and as the old saying goes "money begets more money" ...Comment
-
Why Floyd needs the JMM payday to pay his bills?? Isnt he's got $300Million already??? Floyd's not good with Money. He's been in the Mainstream for a While but he hasnt capitalize on it. His bad image prevents him from getting endorsements. No Shoe deal??? How come??? He's a known Runner.... isnt he?dude , you still arguing about that?
he owed the irs money and he paid them off after he got paid for the jmm fight.
say he no longer owes the irs money. don't bull**** and pretend he didn't owe them money.
the irs doesn't record liens on your property if you don't own them money.
Floyd said everything he has was Paid for. Then suddenly he's car was repo-ed, What to his record Company??
Pac has a Farm, He just recently purchase another one, He's Building a Golf course, He's building a resort in Boracay, Got his muliti story Bldg, He has a Houses here and in the Philippines he's got more than 6, Bunch of retail outlets, etc. Those are all Paid for!!
I dont think Pac will be Broke ever.Comment
-
All the talk about the cost-of-living in the Philippines made me curious, so I did some quick research. From everything I've read, I'm sure Pacquiao could possibly go broke if he spent all his time in Manila, spending wildly on himself and his entourage...if he never invested his earnings and if he didn't have all the endorsements he has in his home country.
I know that there are many members here that hail from the Philippine islands. They could tell me if I'm mistaken about all this. Outside of Manila, everything gets much cheaper. From several accounts on different web sites, one can live very comfortably on $1,500 US a month. This includes all living expenses (cable, electricity, gasoline, eating out, etc.), even a maid (apparently, this is a common part of Filipino culture), and possibly a driver.
We all know most boxers unfortunately wind up broke. In the United States, with its high cost-of-living and relatively materialistic culture, the chances are much higher that a fighter will blow all his earnings after his fighting days are over. Manny Pacquiao will probably live the rest of his life in the Philippines. In other words: Pac ain't ever going broke.Last edited by CubanGuyNYC; 03-31-2010, 04:12 AM.Comment
-
That's true one can live comfortably at US $1 500/ month, Now you divide US $ 40 000 000, the amount of money earned by pac last year and see how many years Pacquiao live comfortably on that. You're right that's around 73 years.All the talk about the cost-of-living in the Philippines made me curious, so I did some quick research. From everything I've read, I'm sure Pacquiao could possibly go broke if he spent all his time in Manila, spending wildly on himself and his entourage...if he never invested his earnings and if he didn't have all the endorsements he has in his home country.
I know that there are many members here that hail from the Philippine islands. They could tell me if I'm mistaken about all this. Outside of Manila, everything gets much cheaper. From several accounts on different web sites, one can live very comfortably on $1,500 US a month. This includes all living expenses (cable, electricity, gasoline, eating out, etc.), even a maid (apparently, this is a common part of Filipino culture), and possibly a driver.
We all know most boxers unfortunately wind up broke. In the United States, with its high cost-of-living and relatively materialistic culture, the chances are much higher that a fighter will blow all his earnings after his fighting days are over. Manny Pacquiao will probably live the rest of his life in the Philippines. In other words: Pac ain't ever going broke.Comment
-
1,500 USD x 45 = 67,500 budget/month, imho you can live very comfortably for a family of four anywhere in the Philippines and it is also correct that its cheaper to live outside the mega cities like Manila ...All the talk about the cost-of-living in the Philippines made me curious, so I did some quick research. From everything I've read, I'm sure Pacquiao could possibly go broke if he spent all his time in Manila, spending wildly on himself and his entourage...if he never invested his earnings and if he didn't have all the endorsements he has in his home country.
I know that there are many members here that hail from the Philippine islands. They could tell me if I'm mistaken about all this. Outside of Manila, everything gets much cheaper. From several accounts on different web sites, one can live very comfortably on $1,500 US a month. This includes all living expenses (cable, electricity, gasoline, eating out, etc.), even a maid (apparently, this is a common part of Filipino culture), and possibly a driver.
We all know most boxers unfortunately wind up broke. In the United States, with its high cost-of-living and relatively materialistic culture, the chances are much higher that a fighter will blow all his earnings after his fighting days are over. Manny Pacquiao will probably live the rest of his life in the Philippines. In other words: Pac ain't ever going broke.
and for PAC without the endorsement or investments living the way you mentioned IMHO will still never get broke, his net worth is around 1-2 Billion pesos, let say he spends 100,000 pesos everyday, that is wild enough spending in one day, before he can finish his 2 Billion pesos it will take him 54 years...Comment
-
prof how did you get 73 years? I am getting 666 years lolz
40,000,000 / 5,000 per month = 8,000 months = 666 years
bagsak ako sa math ...lolzComment
Comment