Originally posted by AKATheMack
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They make a few million and spend it all before their next fight with nothing to show for it except a huge mortgage/monthly payments on various crap that they cant afford in the long run.
Send that money directly to Financial Advisor (FA). So you make 1,000,000 after taxes?
It all goes to FA and FA gives him back 50k-100k to spend and uses the rest to invest into a long-term portfolio where you can make a easy 5% per year interest, or buy a ton of property and build build build.
Some dudes make millions and have nothing to show for it and fight until they are 50 years old while suffering brain damage.
You can live a really nice life if you just get 1-2million and invest it properly.
Even putting it in a Savings Account (Worst Idea EVER) will make you like 40-50k a year in Interest from 1 million.
but nah, homey gotta get that new whip which costs $200,000 and costs $20k a year to insure ya hear? Also gotta get all my boys nice watches and send them on vacations homie, also gotta cop that new boat swag, uhmmmm gonna be chillin with dem b!tches, ooooyeeee look at me playa im on a boaaat!
^ Typical Boxer: his $200k car will be worth 75k in a year or two and maintanance will cost as much as 20-30k a year + insurance.
His Boat will cost tons of money just for upkeep/gas/marina fee's and repairs, it will also drop price quickly.
So yea, you can party like a rockstar for a few months, but then what? Whats going to happen when you get injured or cant get a big fight and you have $30k a month in payments for useless crap? All your "Homies" will be long gone d!ckriding the next fighter, you gonna be left alone wondering what happened bruh
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