Antonio Brown Files For Bankruptcy

winb83

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ReturnOfJudah

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winb83

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Man, look. Let me make $88 million. All I need to do is make it one time and I'm set for life.
Even if you paid half of that in taxes you could take just $4 million of your remaining $44 million and buy an ETF that yields 2.5% and generate $100K pre-tax in annual income off it. Since you still have $40 million you just set it and forget it. In 10 years with a 7% return that's grown to over $9 million and pays $225K in annual dividend income and that's assuming no growth in the dividend over that span and a lower than average market return of that 7% and that doesn't even account for reinvestment of anything past the original yield of $100K a year.

Anybody that blows through that kinda money is a moron and didn't deserve to have it. Someone making that kinda money should have educated themselves on how to handle it.
 

frush11

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It's Antonio Brown, he's trying to avoid paying something. This guy is the Birdman off athletes, dude just refusing to pay what he owes.
 
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kaldurahm

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His lifestyle doesn't seem sustainable, he's not bringing in enough money. It's only a matter of time:francis:
 

beenz

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1. 6 kids with 3 different women

2. Legal trouble over the past 7 years

3.investing in rap music which was a flop

He made over 80 million, so 40/45 after taxes..

I don’t know if he’s really broke or trying to rearrange his life but having kids and child support and legal troubles will break u down
These are the types of life decisions that typically take a person to the poor house.
 

King Poetic

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What’s so crazy about these NFL/NBA players

These guys make more money , got great benefits than these street nikkas and rappers they want to be like or have a image like burning through cash and fukking women raw who 90% of the time is only looking for that 18 year baby contract..

These nikkas minds are of a 12 year old..
 

beenz

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What’s so crazy about these NFL/NBA players

These guys make more money , got great benefits than these street nikkas and rappers they want to be like or have a image like burning through cash and fukking women raw who 90% of the time is only looking for that 18 year baby contract..

These nikkas minds are of a 12 year old..
they are professional athletes. they are usually naive and not financially savvy. they know little to nothing outside of the sport they play typically.

they are lucky these leagues coddle them by forcing them to put money away for retirement, so even when they go bankrupt, they are still gonna get their pension later on.
 
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