Why do boxers end up broke?

**Allucard** · 08-14-2010, 01:24 PM

Originally posted by venom1

If the figures are correct certain fighters have made $300 million you know who that is and that guy is still 100% dead broke. Muhammad Ali is actually being taken care of by an insurance firm who handle everything about him and pay for everything. The amount of boxers who come back for one more fight shows that they have ended up broke, even Mayweather as much as he says he is rich and calls himself the money he is still in debt with the IRS(irs?) and is struggling to pay it back i want to know why do Boxers end up broke more than footballers or cricketers. How does $300 million vanish? And what is an average boxers pay and when they say Mayweather makes $50 million per fight we all know that isn't true how much would he get from it?

****** YOU PRETTYBOY DON'T REPLY HERE**

It's called "poor man's mentality". A "poor man", no matter how much he has, he will end up broke. IF he has 300 million, he'll adjust his lifestyle to spend more than that, even if he has to have dozens of kids, his inner self wants to struggle, wants to be broke. It's a shame they don't see money as a means to make more money and buy what you need and just that. It's ok to have a good car if you can afford it, but 5? It's ok to have a good house but why have 5 if you are never there? ********, drugs and women will take away what your wired promoters and family left behind. Broke it is.

**venom1** · 08-14-2010, 01:26 PM

Even George Foreman was broke and said he made more selling grills than he did in his boxing career which amazes me.

**-MAKAVELLI-** · 08-14-2010, 01:28 PM

because most have them share the same IQ as the TS...they're just plain ******

**venom1** · 08-14-2010, 01:30 PM

Originally posted by -pound4pound-

because most have them share the same IQ as the TS...they're just plain ******

i got more talent in my pinky then you do in your being *****

**Kevin Malone** · 08-14-2010, 01:31 PM

It's what happens when 99% of poor people that didn't build a business or save their way to large sums of money. You see it with lotto winners and athletes all the time.

Most people say "If I made $5 million in a fight I'd put it all away and live off $100k/year for the next 50 years". Very easy to say, very hard to do.

**Weebler I** · 08-14-2010, 01:36 PM

because they're mostly from the 'hood' and don't know any better, most rappers are the same (you do get the odd clued in, financially responsible one however).

**Motofan** · 08-14-2010, 01:38 PM

Alot of great fighters ended up getting into boxing because they needed something to do to stay out of trouble. They came from tough areas. So alot of them couldnt afford an education and all the sudden have all of this money thrown at them. A fool and his money are easily parted.

**'Sugar' Freddi** · 08-14-2010, 01:39 PM

Not all boxers, some end up broke, some not. Look at De La Hoya, broke? Hell no. Lennox Lewis? Hell No. Doesn't go for all boxers.

**daggum** · 08-14-2010, 01:43 PM

it costs a pretty penny to hire someone to shoot(from your own car) at someone talking shi-t about you. it ain't cheap being that insecure!

Why do boxers end up broke?