News NBA Star Loses $110 Million US Dollars - GoFuckYourself.com

RummyBoy · 12-05-2014, 10:51 PM

Former NBA star Antoine Walker: Life after losing $110 million - Yahoo Finance

It's no good to say $110 Million. You have to add the words US Dollars to make it sound right.

I guess this is old news but its interesting to watch how dumb a fucker can be.....

Red Ezra · 12-05-2014, 11:01 PM

wow.. sick

L-Pink · 12-05-2014, 11:38 PM

He played in Lexington, very familiar with his dumb ass.

The fortune he spent on his family and "posse" was nuts.

Worst part is not only did he go broke but how will the family members pay the taxes, upkeep, insurance, etc on houses he bought them? They can't, all lose.

On the other hand you have Kenny Walker also a University of Kentucky player and ex NBA player ... He lived down the street from my parents, wife drove a Camry, could see him mowing his own yard, buying his own groceries, living normal but without a worry in the world.

.

DamageX · 12-06-2014, 03:39 AM

Congrats to the winners!

VikingMan · 12-06-2014, 03:51 AM

After the next big bubble pops this guy's misfortune is going to look like a cake walk.

bushwacker · 12-06-2014, 04:28 AM

Quote:

Originally Posted by L-Pink

He played in Lexington, very familiar with his dumb ass.

The fortune he spent on his family and "posse" was nuts.

Worst part is not only did he go broke but how will the family members pay the taxes, upkeep, insurance, etc on houses he bought them? They can't, all lose.

On the other hand you have Kenny Walker also a University of Kentucky player and ex NBA player ... He lived down the street from my parents, wife drove a Camry, could see him mowing his own yard, buying his own groceries, living normal but without a worry in the world.

.

Yep, same as Houston rockets center, Hakeem Olajuwon. He has made over $100 million since he retired in real estate in the Houston area. Not all athletes are knuckleheads, but the majority sure are.

kane · 12-06-2014, 04:53 AM

At least half of all pro athletes will be broke within 5 years of retiring from their sport. Of course many of them were people that made the league minimum and were only in the league a few years, but many of them are players that made and lost a lot of money.

It is like winning the lottery. They have no money for most of your life, then one day they have millions and they go crazy and make bad choices.

seeandsee · 12-06-2014, 05:17 AM

Quote:

Originally Posted by RummyBoy

Former NBA star Antoine Walker: Life after losing $110 million - Yahoo Finance

It's no good to say $110 Million. You have to add the words US Dollars to make it sound right.

I guess this is old news but its interesting to watch how dumb a fucker can be.....

oh baby is crying

adultchatpay · 12-06-2014, 05:35 AM

Most of the NBA players end up broke five years out of retirement.

Pippen, Iverson, Sprewell... to name a few.

Lavish lifestyle and poor financial decisions made them flat broke.

slapass · 12-06-2014, 06:04 AM

Quote:

Originally Posted by adultchatpay

Most of the NBA players end up broke five years out of retirement.

Pippen, Iverson, Sprewell... to name a few.

Lavish lifestyle and poor financial decisions made them flat broke.

Pippen is listed at 50 million net worth

Scottie Pippen Net Worth | Celebrity Net Worth

SekobA · 12-06-2014, 06:05 AM

the biggest lost in the history

RummyBoy · 12-06-2014, 06:17 AM

Quote:

Originally Posted by SekobA

the biggest lost in the history

Not exactly.

There have been a few that are MUCH bigger such as Eike Batista who went down recently. He was 7th richest man in the world and went from $30 Billion to around Bankrupt. He makes that NBA guy look like Einstein:

Former Billionaire Eike Batista Bemoans His Return To The Middle Class - Forbes

Poppy · 12-06-2014, 07:32 AM

Good luck to him in the next chapter of his life.

DamageX · 12-06-2014, 08:37 AM

Quote:

Originally Posted by RummyBoy

Not exactly.

There have been a few that are MUCH bigger such as Eike Batista who went down recently. He was 7th richest man in the world and went from $30 Billion to around Bankrupt. He makes that NBA guy look like Einstein:

Former Billionaire Eike Batista Bemoans His Return To The Middle Class - Forbes

Don't humor the sigwhores. If they had any brains they wouldn't be sigwhores in the first place, do you expect them to remember what you're teaching them?

brassmonkey · 12-06-2014, 08:39 AM

god the hookers and blow factor. bet he cries himself to sleep

rxvt · 12-06-2014, 10:00 AM

Congrats to the winners!

Spunky · 12-06-2014, 10:12 AM

About as painful as a divorce

brassmonkey · 12-06-2014, 10:20 AM

Quote:

Originally Posted by Spunky

About as painful as a divorce

much worse

tard in the dictionary the list is so long it has its own book

its an asterisk see tard book volume 1

DamageX · 12-06-2014, 10:28 AM

Quote:

Originally Posted by brassmonkey

much worse

tard in the dictionary the list is so long it has its own book

its an asterisk see tard book volume 1

lazycash · 12-06-2014, 01:15 PM

Here's a good watch:

RummyBoy · 12-07-2014, 01:06 AM

Quote:

Originally Posted by lazycash

Here's a good watch:

Interesting but the problem is, "Hall of Dumbos" doesn't rhyme with "Hall of Fame" or "Hall of Shame"

MasterBlow · 12-07-2014, 03:54 AM

romeo22 · 12-07-2014, 04:32 AM

nothing to worry ...that's his life saving

EngineCash · 12-08-2014, 02:26 AM

I really can not believe how people can ruin their life with some stupid decisions... He was a good player and looked like a good man...

kane · 12-08-2014, 04:18 AM

Quote:

Originally Posted by EngineCash

I really can not believe how people can ruin their life with some stupid decisions... He was a good player and looked like a good man...

Being a good guy doesn't mean he was good with money.

Here's an example. There was an NFL player named Rocket Ismail who made a lot of money. He had his dad act as his financial caretaker because he didn't trust strangers and didn't want to get ripped off. His dad got talked into doing a real estate deal that looked good on the outside, but once you dug into it, it was a disaster.His dad din't know what to look for and went ahead with the deal and he lost millions in it.

He's a good guy who loves his son, he just isn't good at investing money.

In Walkers case, based on the article, it sounds like he could have avoided a lot of it. He didn't show up for some court appearances and did other dumb things along the way. Still, a lot of these guys, like lottery winners, think the money will last forever and they suffer from that situation of being very good and successful at one thing so they think they can't lose at anything.

Caldo · 12-08-2014, 04:42 AM

Wow a lot of money

Nicholas FirstMobileCash · 12-08-2014, 04:54 AM

What's the rule of thumb for saving? 10% of your pay?

"Stick to your financial plan and don’t invest until you’re done with your career when you’re able to be hands-on"

You still have to stick your money somewhere at that time...

dynamomagic873 · 12-08-2014, 06:23 AM

I don't give a shit about NBA. they have a lots of money and thos 100mil are 0 for them.. Poor guys... _|_

arocaro659 · 12-08-2014, 08:10 AM

you are right dude!

DBS.US · 12-08-2014, 11:37 AM

Watch 30 for 30: Broke Online | Netflix
30 for 30: Broke

Director Billy Corben examines the harsh realities behind the flashy careers of professional athletes, most of whom will go bankrupt after retiring.

djroof · 12-08-2014, 12:19 PM

that sucks!

Ross · 12-08-2014, 12:31 PM

I have no sympathy for him. I'm also sick of seeing this shit re-posted all over the internet, on FB and every other social media platform, with stupid people commenting about how it's sad for him. The guy was paid $110 million in his career, a sum of money that no one should ever lose. Lets say he paid half of it in taxes, he still had $55 million in his time, and lost every damn cent because he was stupid. It's always the same with these young athletes, they buy their entourage fancy shit, they let them live their lifestyle and it ends up costing them 10x what it would be if they just took care of the important people in their lives.

I understand how hard it can be to manage money when all of a sudden you get more of it thrown at you than you could ever dream of having, that is where the athletes need to be smart and surround themselves with good people, take it slow and really think things through. No doubt his TV buddies will come to his rescue, give him a job on a decent salary, let him try to rebuild some of his life. Blows my mind that some people can be that stupid with money when they came from nothing.

12-05-2014, 10:51 PM	#1
RummyBoy Confirmed User Join Date: Dec 2009 Posts: 2,157	NBA Star Loses $110 Million US Dollars Former NBA star Antoine Walker: Life after losing $110 million - Yahoo Finance It's no good to say $110 Million. You have to add the words US Dollars to make it sound right. I guess this is old news but its interesting to watch how dumb a fucker can be.....

12-06-2014, 03:39 AM	#4
DamageX Marketing & Strategy Industry Role: Join Date: Jun 2001 Location: Former nomad Posts: 14,293	Congrats to the winners! __________________ Whitehat is for chumps If you don't do it, somebody else will - true story!

12-06-2014, 06:05 AM	#11
SekobA Too lazy to set a custom title Industry Role: Join Date: Oct 2008 Location: 567721649 Posts: 12,157	the biggest lost in the history __________________ Best Affiliate Program Available Start Promoting 25% REV-SHARE

12-06-2014, 07:32 AM	#13
Poppy Confirmed User Join Date: Apr 2002 Location: O H I O Posts: 6,254	Good luck to him in the next chapter of his life. __________________ VP Sales, Peak5Payments [email protected] Skype: consultpoppy In adult since 98'

12-06-2014, 08:39 AM	#15
brassmonkey Pay It Forward Industry Role: Join Date: Sep 2005 Location: Yo Mama House Posts: 76,934	god the hookers and blow factor. bet he cries himself to sleep __________________ TRUMP 2025 KEKAW!!! - Support The Laken Riley Act!!! END DACA - SUPPORT AZ HCR 2060 52R - email: brassballz-at-techie.com

12-05-2014, 11:01 PM	#2
Red Ezra redezra.com Industry Role: Join Date: May 2004 Location: Vegas Baby! Posts: 4,680	wow.. sick

12-05-2014, 11:38 PM	#3
L-Pink working on my tan Industry Role: Join Date: Mar 2005 Location: Florida/Kentucky Posts: 39,152	He played in Lexington, very familiar with his dumb ass. The fortune he spent on his family and "posse" was nuts. Worst part is not only did he go broke but how will the family members pay the taxes, upkeep, insurance, etc on houses he bought them? They can't, all lose. On the other hand you have Kenny Walker also a University of Kentucky player and ex NBA player ... He lived down the street from my parents, wife drove a Camry, could see him mowing his own yard, buying his own groceries, living normal but without a worry in the world. .

12-06-2014, 03:51 AM	#5
VikingMan Exploiting human weakness Industry Role: Join Date: Jan 2008 Location: next to a salmon stream Posts: 6,465	After the next big bubble pops this guy's misfortune is going to look like a cake walk.

12-06-2014, 04:53 AM	#7
kane Too lazy to set a custom title Join Date: Aug 2001 Location: portland, OR Posts: 20,684	At least half of all pro athletes will be broke within 5 years of retiring from their sport. Of course many of them were people that made the league minimum and were only in the league a few years, but many of them are players that made and lost a lot of money. It is like winning the lottery. They have no money for most of your life, then one day they have millions and they go crazy and make bad choices.

12-06-2014, 05:35 AM	#9
adultchatpay Let's Make Money Industry Role: Join Date: Dec 2008 Posts: 8,784	Most of the NBA players end up broke five years out of retirement. Pippen, Iverson, Sprewell... to name a few. Lavish lifestyle and poor financial decisions made them flat broke.

12-06-2014, 10:00 AM	#16
rxvt Confirmed User Industry Role: Join Date: Dec 2012 Location: Hong Kong Posts: 37	Congrats to the winners!

12-06-2014, 10:12 AM	#17
Spunky I need a beer Industry Role: Join Date: Jun 2002 Location: ♠ Toiletville ♠ Posts: 133,919	About as painful as a divorce __________________ *Skype : Spunky GFY*

12-06-2014, 01:15 PM	#20
lazycash Troll Patrol Industry Role: Join Date: Aug 2002 Location: Local Socal Posts: 15,214	Here's a good watch: __________________ "WTF, on google you can find the answer to every question in human history, EXCEPT how to convert cams.. Its crazy..." VenusBlogger

12-07-2014, 03:54 AM	#22
MasterBlow Confirmed User Join Date: Apr 2003 Location: Earth Posts: 2,059	__________________

12-07-2014, 04:32 AM	#23
romeo22 你自己去他媽的 Industry Role: Join Date: Mar 2008 Posts: 23,346	nothing to worry ...that's his life saving

12-08-2014, 02:26 AM	#24
EngineCash Confirmed User Join Date: Aug 2006 Posts: 2,816	I really can not believe how people can ruin their life with some stupid decisions... He was a good player and looked like a good man... __________________ support(@)enginecash.com

12-08-2014, 04:42 AM	#26
Caldo Confirmed User Join Date: Apr 2007 Posts: 4,001	Wow a lot of money __________________ www.AlfaContent.com - Quality videos with matching photo sets and full 2257 ! [email protected] ICQ# 594092063

12-08-2014, 04:54 AM	#27
Nicholas FirstMobileCash Confirmed User Industry Role: Join Date: Nov 2014 Posts: 254	What's the rule of thumb for saving? 10% of your pay? "Stick to your financial plan and don’t invest until you’re done with your career when you’re able to be hands-on" You still have to stick your money somewhere at that time... __________________ email: nicholas at firstmobilecash dot com skype: nicholas.horger Join First Mobile Cash today!

12-08-2014, 06:23 AM	#28
dynamomagic873 Registered User Industry Role: Join Date: Nov 2014 Posts: 36	Yeaaaaah whatever... I don't give a shit about NBA. they have a lots of money and thos 100mil are 0 for them.. Poor guys... _\|_

12-08-2014, 08:10 AM	#29
arocaro659 Registered User Industry Role: Join Date: Nov 2014 Posts: 29	you are right dude!

12-08-2014, 11:37 AM	#30
DBS.US Geo Cities Industry Role: Join Date: Aug 2003 Location: North Captiva Island, Florida USA Posts: 11,828	Watch 30 for 30: Broke Online \| Netflix 30 for 30: Broke Director Billy Corben examines the harsh realities behind the flashy careers of professional athletes, most of whom will go bankrupt after retiring. __________________ Make a Free Chaturbate White Label site in 34 minutes and be making money tonight

12-08-2014, 12:19 PM	#31
djroof JuicyDevils.gr Owner Industry Role: Join Date: Jan 2004 Location: Greece Posts: 25,372	that sucks!

12-08-2014, 12:31 PM	#32
Ross Ik ben een aap Industry Role: Join Date: Sep 2002 Location: Traffic Force Towers, Canada! Posts: 18,874	I have no sympathy for him. I'm also sick of seeing this shit re-posted all over the internet, on FB and every other social media platform, with stupid people commenting about how it's sad for him. The guy was paid $110 million in his career, a sum of money that no one should ever lose. Lets say he paid half of it in taxes, he still had $55 million in his time, and lost every damn cent because he was stupid. It's always the same with these young athletes, they buy their entourage fancy shit, they let them live their lifestyle and it ends up costing them 10x what it would be if they just took care of the important people in their lives. I understand how hard it can be to manage money when all of a sudden you get more of it thrown at you than you could ever dream of having, that is where the athletes need to be smart and surround themselves with good people, take it slow and really think things through. No doubt his TV buddies will come to his rescue, give him a job on a decent salary, let him try to rebuild some of his life. Blows my mind that some people can be that stupid with money when they came from nothing.