He’s talking about buying stable dividend stocks and than just letting it sit very doable when you got money
He could put 1 million in AT$T and get 60 k in dividends
Latrell Sprewell made over $100 million in his career but is now worth less than Coli dudes
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He could put 1 million in AT$T and get 60 k in dividends
All these nikkas issues start with having multiple kids multiple baby mamas who only cared about your money and what u could provide them..
It’s amazing how these nikkas can admire former nba/nfl players accomplishments on the field or court, but u going to skip over the fact Shawn Kemp or players in the 80s had loss all they money do in part to women and kids or having bad financial advisors and giving them a power of attorney over your money..
Now we got the PJ Washington types in the league now following the same paths.. nikka not even 25 yet and he got 2 kids with 2 hoes.. and tricking off buying $100,000 cars
It’s amazing how these nikkas can admire former nba/nfl players accomplishments on the field or court, but u going to skip over the fact Shawn Kemp or players in the 80s had loss all they money do in part to women and kids or having bad financial advisors and giving them a power of attorney over your money..
Now we got the PJ Washington types in the league now following the same paths.. nikka not even 25 yet and he got 2 kids with 2 hoes.. and tricking off buying $100,000 cars
I'm not broke. I'm not even frugal. I just understand that the most important thing when acquiring large sums of money is generating more capital with it and avoiding lifestyle inflation. Establish a baseline lifestyle that you're comfortable with and don't surpass it.
The problem is getting more money doesn't teach you how to manage money. People get more money and suddenly what was once good enough for them is no longer acceptable.
Your money can work harder for you than you can ever work to earn money. There's stocks that will pay you 3-4% of your investment back in income and you don't gotta do shyt but have the capital to buy them. This guy takes 2 million back when he was a player and just parks it in Johnson and Johnson stock he don't have this problem.
Guy was a multimillionaire. He easily could have taken $1 million and parked it in Johnson and Johnson stock never touched it and let it reinvest the dividends back in 1994. Today it would have grown to about $5.7 million.
Free Historical Investment Calculator - 1980 to 2024
Do you ever second-guess yourself for not investing in a certain stock? It's time to find out what you could've made.
finmasters.com
When those spinners hit the streets man listen 
threattonature
Veteran
100%. I got a few friends who think I'm lying when I tell them what I make. They think I'm broke cause "if I made what you made I'm driving a Benz and a big ass house". And they get mad cause I'm still sneaking in mini bottles into the club instead of buying all kinds of shots like them. I tell them I'm trying to retire young and let my money work for me so investing as much as I can and living the low life for right now with the only expenditure being traveling, and even then I keep those costs mostly low.Seeing him have like 3 homesand a yacht
and having 4,5 or 6 kids by different baby mamas with one suing him for like 200 million
over a word to word contract, shyt never ends well
Now he’s one of these same athletes talking about “ Well I had the nicest cars, nicest homes, the finest bytches “
I would never want to be a athlete like that. I would like to say when I’m done with the game and retired saying “ I still got the nicest home,nicest car and the finest wife and 1 or 2 kids “
Athletes have it easier since everybody already know who they are and know they're rich. I liked Jalen Rose when he said he wears fake jewelry. He said his contract was public knowledge so why pay crazy money for the real shyt when everybody will assume his fake shyt is real cause they know what he makes.
threattonature
Veteran
It's all in mentality. A lot of these players end up broke by listening to advisors who are convincing them they can turn 10 million into 100 million. Instead of living comfortably off their contracts they try to become moguls and flip the money even more. The problem is a lot of them think the money will keep coming forever and blow through it where if you and I got 1 million we know we'd have to make the most of it cause we don't have another million coming right behind it. A lot of players don't realize it's over and them checks are done until it's too late.Guy was a multimillionaire. He easily could have taken $1 million and parked it in Johnson and Johnson stock never touched it and let it reinvest the dividends back in 1994. Today it would have grown to about $5.7 million.
If you think I sound stupid you don't understand how money works. In all honesty he probably wouldn't have even noticed the parked million. He probably blew through more than that on shyt he doesn't even remember buying.Free Historical Investment Calculator - 1980 to 2024
Do you ever second-guess yourself for not investing in a certain stock? It's time to find out what you could've made.
You are equating wealth with being financially smart.
Playing basketball doesn't make you a financial genius. A high school teacher can be very smart financially, doesn't mean that he makes a lot of money.
The head of Federal Reserve, the head of the US Treasury, chief economist of the world bank, finance professors at Harvard. These people make a fraction of NBA money; annually less than an average rookie even, are you saying that ballers who barely could pass college understand money better than they do?
I don't know why the coli so often assumes that being rich means that you are smart, or worse financially smart. Or that not being rich, means that you aren't smart. Billionaires take financial advice from people who are barely millionaires, why? Because their job is to know how to manage money. Not how to drive a car really fast or shoot hoops. Similarly, a coli breh might've tried to start plenty of very small businesses and have a deep interest in personal finance, shyt didn't make him rich. But he at least understand personal finance, budgeting and on.
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DropTopDoc
20/20 Vision With my Buffs On
I’m not going to say all of that, but there is something to it, for me what if i told you shaq was the biggest trick in La buying multiple women Honda accords, paying rent, condos, degrees on top of eventually being married, the difference, the money was more and he had so many streams, he could literally bank his 100 million dollar contract and live off endorsements, and who ever his agent and financial advisers were, they deserve a bigger check because they got him them multiple streams. The biggest issue is, nikkas don’t realize how taxes don’t work, they take stupid loans banking on money they may never get, or stretching themselves too thin,
You don’t need 3-4 houses and 8 plus cars, especially if your money isn’t ridiculously long
nikkas look up and that grim reaper knocking on your door for your career, and you have nothing saved or put to the side, so you try to gamble on taking 500k to a million and thinking it’s going to ballon into 25 milly or more and that’s not how this works, so some nikkas prey on that desperation crowder was smart he say oh man run it by my lawyer and financial advisor and if they think it’s good we can run it up, that’s how you eliminate them get rich quick family and friends ass nikkas
DropTopDoc
20/20 Vision With my Buffs On
You are equating wealth with being financially smart.
Playing basketball doesn't make you a financial genius. A high school teacher can be very smart financially, doesn't mean that he makes a lot of money.
The head of Federal Reserve, the head of the US Treasury, chief economist of the world bank, finance professors at Harvard. These people make a fraction of NBA money; annually less than an average rookie even, are you saying that ballers who barely could pass college understand money better than they do?
I don't know why the coli so often assumes that being rich means that you are smart, or worse financially smart. Or that not being rich, means that you aren't smart. Billionaires take financial advice from people who are barely millionaires, why? Because their job is to know how to manage money. Not how to drive a car really fast or shoot hoops. Similarly, a coli breh might've tried to start plenty of very small businesses and have a deep interest in personal finance, shyt didn't make him rich. But he at least understand personal finance, budgeting and on.
You missed his point, yes intelligence knows no tax bracket, but his bigger point is people love to Monday morning qb folks financial down fall, it’s easy to say what we would or wouldn’t do, but a lot of these bright ideas weren’t so accessible back then, also if you went to sleep and woke up with 20 million dollars to your name and you are 22 you will not have an idea of all the decisions you do and don’t make and how they effect you
It depends on how you are raised, what interest you have, how much you like to ball, risk aversiveness and on. Yes I don't agree with saying what you would do in another mans situation, but I do agree with saying what you would if you had x millions bucks.
The CBA should do something about this, force financial advisors into their contracts or something. shyt is sad, but then again, there's billions of people to feel sad for before any multi millionaire losing money on living the good life.
You’re rambling and projecting. My point was, people are you are always talking about what you WOULD do, even though you’ve never been in that situation nor have any expectation to be in it.You are equating wealth with being financially smart.
Playing basketball doesn't make you a financial genius. A high school teacher can be very smart financially, doesn't mean that he makes a lot of money.
The head of Federal Reserve, the head of the US Treasury, chief economist of the world bank, finance professors at Harvard. These people make a fraction of NBA money; annually less than an average rookie even, are you saying that ballers who barely could pass college understand money better than they do?
I don't know why the coli so often assumes that being rich means that you are smart, or worse financially smart. Or that not being rich, means that you aren't smart. Billionaires take financial advice from people who are barely millionaires, why? Because their job is to know how to manage money. Not how to drive a car really fast or shoot hoops. Similarly, a coli breh might've tried to start plenty of very small businesses and have a deep interest in personal finance, shyt didn't make him rich. But he at least understand personal finance, budgeting and on.
I'm not rambling, that's probably on your end.
I don't see how expectations nor having been in a situation is relevant to writing what you would do if you had x bucks. Certain people just happen to be interested in these things, while others aren't. Furthermore, that's like one of the most common questions for people to play around with.
Theoretically, sure. But you’re talking about fictional scenarios.
