Another $100 million broke athlete ...... - GoFuckYourself.com

L-Pink · 10-28-2009, 09:21 AM

Antione Walker clears $60-$65 million over 10 years and is now broke. Anyone want to bet he shoots himself? Honestly, what do these guys then do the rest of their lives?

http://sports.yahoo.com/nba/blog/bal...urn=nba,198509

.

Wilsy · 10-28-2009, 09:24 AM

How can anyone blow that amount of money?

Fat Panda · 10-28-2009, 09:30 AM

stupid fucker, no pitty here

Phoenix · 10-28-2009, 09:33 AM

that is alot of money to waste...surely he has it tied up in real eastate? and he can just sell 1-2 properties?

man these guys should really watch their money

us as well...here today gone tomorrow

Scott McD · 10-28-2009, 09:33 AM

All that money for playing basketball anyway? Crazy.

seeric · 10-28-2009, 09:35 AM

theres a term for that in the urban dictionary.

i believe they call it hood rich.

one thing that doesn't allow me to pity him is when you get those contracts the teams know that these guys have no financial sense. the teams make introductions to money managers and huge financial companies that can help them.

he prob didnt take that assistance.

seeric · 10-28-2009, 09:37 AM

Quote:

Originally Posted by Phoenix

that is alot of money to waste...surely he has it tied up in real eastate? and he can just sell 1-2 properties?

man these guys should really watch their money

us as well...here today gone tomorrow

This is from the article.

Quote:

Originally Posted by Yahoo

The answer: fairly easily.

"[Walker] liked to move in an outsized entourage; his mother estimates that, during his playing days, he was supporting 70 friends and family members in one way or another. And speaking of his mother, he built her a mansion in the Chicago suburbs, complete with an indoor pool, 10 bathrooms, and a full-size basketball court. [...]

Living at the Bishops Forest condominium complex in Waltham during the Celtics season, Walker turned the pavement surrounding his home into a virtual luxury car lot ? two Bentleys, two Mercedes, a Range Rover, a Cadillac Escalade, a bright red Hummer. Often, the vehicles were tricked out with custom paint jobs, rims, and sound systems at considerable added expense. He also collected top-line watches ? Rolexes and diamond-encrusted Cartiers."

Condos, luxury cars, watches ... I guess that'll eventually force you into bankruptcy. Especially when you're not investing any money or collecting $200 with every fifth or sixth roll of the die.

He was footing the bill for all his homies in the hood too. lol.

undersoul · 10-28-2009, 09:47 AM

crazy how they can blow all that money so easy and so fast

L-Pink · 10-28-2009, 09:52 AM

Quote:

Originally Posted by undersoul

crazy how they can blow all that money so easy and so fast

A few weeks ago I posted an article with with some staggering facts:

* 78% of ALL NFL players are in bankruptcy or facing severe financial problems within 2-3 years of retirement.

* 60% of ALL NBA players have the same problem within 5 years of retiring.

.

Martin · 10-28-2009, 09:55 AM

Black folks aren't the greatest with money. They seem to be good at getting it, not so good at keeping it.

DaddyHalbucks · 10-28-2009, 10:12 AM

DaddyHalbucks · 10-28-2009, 10:17 AM

shimmy2 · 10-28-2009, 10:18 AM

Quote:

Originally Posted by Martin

Black folks aren't the greatest with money. They seem to be good at getting it, not so good at keeping it.

black people in general tend to want to uplift their families and their communities when they get a windfall of money, hence the entourage and the houses & benzes for everyone mentality. it doesn't matter if they're a rapper/athlete/actor/webmaster or just some street nigga that picked 6 lucky lotto numbers on the right day, at least this guy made a attempt to bring his people with him to the top and i respect and credit him for that. so what if he "blew" the cash, its not like he can't make more. and by the way that was just some ignorant shit you just said but i just saw that you're canadian

seeandsee · 10-28-2009, 10:25 AM

he spent money and now earn again

96ukssob · 10-28-2009, 10:26 AM

Quote:

Originally Posted by seeric

He was footing the bill for all his homies in the hood too. lol.

thats exactly how you will go broke fast

Martin · 10-28-2009, 10:38 AM

Quote:

Originally Posted by shimmy2

black people in general tend to want to uplift their families and their communities when they get a windfall of money, hence the entourage and the houses & benzes for everyone mentality. it doesn't matter if they're a rapper/athlete/actor/webmaster or just some street nigga that picked 6 lucky lotto numbers on the right day, at least this guy made a attempt to bring his people with him to the top and i respect and credit him for that. so what if he "blew" the cash, its not like he can't make more. and by the way that was just some ignorant shit you just said but i just saw that you're canadian

Hey what does being Canadian have to do with it? We have black peeps in Canada too.

Btw I didn't mean any disrespect. I understand what you're saying, but does he have to own all those blinged out whips? Does he have own all those watches? Does he have to bring his whole crew with him every where he goes? I bet most these guys that are around him now will be no where to be seen if he ever goes completely broke and can't afford all these things any longer. If he wanted to help him family/community why doesn't he pay for his cousins college or open a Library in his old neighborhood etc. Things like this seem like better use of his money

L-Pink · 10-28-2009, 10:44 AM

Quote:

Originally Posted by shimmy2

so what if he "blew" the cash, its not like he can't make more

Shimmy ..... seriously, just how and where does this guy ever make even $50,000 a year?

Selling cars? Selling radio spots? Pushing a broom?

.

Jakez · 10-28-2009, 11:02 AM

It's pretty simple, when you're getting that much money and want it to last forever you either:

-Keep working for money (won't last forever)
-Conserve as much as possible (still won't last forever)
-Make your money work for you (possibly forever)

The only real option is to make the money work for you in the long run.. I don't understand how people that come into money like this can't understand that..

If you're making 10 million per year and spending over half of it what are you going to when the money stops coming in from manual labor? Did he never once ask himself that question? C'mon.

I can understand how he might get lured into the situation of helping everyone out because hell anyone that has any kind of way to get in touch with him is going to be asking for a loan and telling friends that they know him which just brings in more loaners..

LiveDose · 10-28-2009, 11:06 AM

Not surprising. Financial discipline is learned not earned.

leedsfan · 10-28-2009, 11:06 AM

Quote:

Originally Posted by shimmy2

black people in general tend to want to uplift their families and their communities when they get a windfall of money, hence the entourage and the houses & benzes for everyone mentality. it doesn't matter if they're a rapper/athlete/actor/webmaster or just some street nigga that picked 6 lucky lotto numbers on the right day, at least this guy made a attempt to bring his people with him to the top and i respect and credit him for that. so what if he "blew" the cash, its not like he can't make more. and by the way that was just some ignorant shit you just said but i just saw that you're canadian

Martin's initial statement was wrong, but he's gone on to explain a little more of his opinions. I think his apology was due though.

bronco67 · 10-28-2009, 11:31 AM

Entourage will suck you dry.

will76 · 10-28-2009, 11:34 AM

Athletes aren't much different than people who win the lottery. Don't get me wrong Athletes bust their ass training, playing in the games, they are very talented. But they don't "make" money. Their physical abilities is what generates money for them. A person playing the lotto doesn't make money, he got lucky.

People who "make money" from saving, investing, starting their own business, making more money, expanding, etc etc etc... those people learn how to make money.

There is no business sense learned from playing football. Money gets tossed into their lap and most of them have never worked a day in their life much less do they know how to manage money, invest etc... Then you have all of the leaches who want handouts, scam them, and talk them into bad investments... Most of them were likely poor to start with so as soon as they get money the first thing they want to do is spend it so they can over compensaite for growing up poor.

digitaldivas · 10-28-2009, 11:37 AM

Quote:

Originally Posted by SAC

stupid fucker, no pitty here

I totally agree! JESUS!

czarina · 10-28-2009, 11:39 AM

why does he remind me of a few people in this industry?

dyna mo · 10-28-2009, 11:50 AM

good thing they paid him a lot of money, he would of gone broke much sooner otherwise.

_Richard_ · 10-28-2009, 11:50 AM

Quote:

Originally Posted by shimmy2

black people in general tend to want to uplift their families and their communities when they get a windfall of money, hence the entourage and the houses & benzes for everyone mentality. it doesn't matter if they're a rapper/athlete/actor/webmaster or just some street nigga that picked 6 lucky lotto numbers on the right day, at least this guy made a attempt to bring his people with him to the top and i respect and credit him for that. so what if he "blew" the cash, its not like he can't make more. and by the way that was just some ignorant shit you just said but i just saw that you're canadian

first off, being Canadian doesn't excuse him of shit

secondly, what he said was an opinion, not racism. Considering all the black folks that came up on this continent came from slavery, minimal financial experience would definitely have an impact on the ability to save and invest and 'teach' other people, such as children and friends, the benefits of financial responsibility.

It's taken time to develop the racial infrastructure that allows more minorities into positions of making money, and i agree it was ignorant for him to ignore that little reality

d-null · 10-28-2009, 11:54 AM

when you have alot of money it is not hard to spend alot of money

Scott McD · 10-28-2009, 12:04 PM

Quote:

Originally Posted by Martin

Black folks aren't the greatest with money. They seem to be good at getting it, not so good at keeping it.

bloggerz · 10-28-2009, 12:10 PM

"it was good just a week ago"

Nicky · 10-28-2009, 12:24 PM

I bet he could still sell off some property and some cars etc and "only" live in a $2m home and drive 2 new cars etc.

Libertine · 10-28-2009, 12:28 PM

Quote:

Originally Posted by shimmy2

black people in general tend to want to uplift their families and their communities when they get a windfall of money, hence the entourage and the houses & benzes for everyone mentality. it doesn't matter if they're a rapper/athlete/actor/webmaster or just some street nigga that picked 6 lucky lotto numbers on the right day, at least this guy made a attempt to bring his people with him to the top and i respect and credit him for that. so what if he "blew" the cash, its not like he can't make more. and by the way that was just some ignorant shit you just said but i just saw that you're canadian

You explained, supported and disagreed with the post you just quoted, as well as showing the exact attitude being discussed. Great job.

But no, what matters isn't race. What matters is being an idiot lacking education, common sense and a good upbringing.

Smart, educated black people will handle large amounts of money just fine, and most white trailer trash will lose it just as quickly as most ghetto guys will.

The problem here is the brain, not the skin

Penthouse Tony · 10-28-2009, 12:32 PM

Quote:

Originally Posted by seeric

theres a term for that in the urban dictionary.

i believe they call it hood rich.

one thing that doesn't allow me to pity him is when you get those contracts the teams know that these guys have no financial sense. the teams make introductions to money managers and huge financial companies that can help them.

he prob didnt take that assistance.

I think it's the NBA rules that forces them to sit in on these money management seminars specifically tailored for them with ex players speaking about their experiences. They make all rookies go through this no matter what team you are on.

It's really hard to to feel sorry for someone when they had that available to them and they still decided to buy multiple luxury cars, houses with indoor pools, and basketball courts. Upkeep isn't cheep.

Penthouse Tony · 10-28-2009, 12:38 PM

Quote:

Originally Posted by Libertine

You explained, supported and disagreed with the post you just quoted, as well as showing the exact attitude being discussed. Great job.

But no, what matters isn't race. What matters is being an idiot lacking education, common sense and a good upbringing.

Smart, educated black people will handle large amounts of money just fine, and most white trailer trash will lose it just as quickly as most ghetto guys will.

The problem here is the brain, not the skin

Agreed

There are plenty of black athletes that are doing fine and there are white athletes that have trouble with money themselves. Some even are broke while they are still playing.

10-28-2009, 01:13 PM

big earner, big spender .. nothing new

madawgz · 10-28-2009, 01:19 PM

Quote:

Originally Posted by dyna mo

good thing they paid him a lot of money, he would of gone broke much sooner otherwise.

lol funny one

shimmy2 · 10-28-2009, 01:32 PM

Quote:

Originally Posted by will76

the first thing they want to do is spend it so they can over compensaite for growing up poor.

which is why being a big baller with money/power/respect is perfectly normal. when you grow up poor all you think about is coming up.... 99% of rap songs emphasize this

xmas13 · 10-28-2009, 01:45 PM

Who cares? You've got a problem with money changing hands?

Ebenezer Scrooge's family reunited on this board or what?

pornpf69 · 10-28-2009, 01:50 PM

if you give me 1million I can live all my life with that... and even plan the life of my sons...

tiger · 10-28-2009, 02:16 PM

The more money you make the easier it is to spend large amounts, the more people you have trying to get money out of you and the harder it is to manage it all. Add into that the lack of financial smarts and bad decisions that just about everyone makes from time to time and its pretty easy to see how this happens to so many people so easily.

It can happen to anyone.

10-28-2009, 09:21 AM	#1
L-Pink working on my tan Industry Role: Join Date: Mar 2005 Location: Florida/Kentucky Posts: 39,151	Another $100 million broke athlete ...... Antione Walker clears $60-$65 million over 10 years and is now broke. Anyone want to bet he shoots himself? Honestly, what do these guys then do the rest of their lives? http://sports.yahoo.com/nba/blog/bal...urn=nba,198509 .

10-28-2009, 09:24 AM	#2
Wilsy Confirmed User Industry Role: Join Date: Oct 2009 Location: UK Posts: 1,865	How can anyone blow that amount of money? __________________ Affiliate Manager

10-28-2009, 09:33 AM	#4
Phoenix BACON BACON BACON Industry Role: Join Date: Nov 2002 Location: Poems everybody, the laddie fancies himself a poet Posts: 35,462	that is alot of money to waste...surely he has it tied up in real eastate? and he can just sell 1-2 properties? man these guys should really watch their money us as well...here today gone tomorrow __________________ Skype Phoenixskype1 Telegram PhoenixBrad https://quantads.io

10-28-2009, 09:33 AM	#5
Scott McD Too lazy to set a custom title Join Date: Nov 2002 Location: Glasgow, Scotland Posts: 67,795	All that money for playing basketball anyway? Crazy. __________________ I Buy My High Quality Traffic Here, You Should Too!

10-28-2009, 09:47 AM	#8
undersoul Confirmed User Join Date: Sep 2006 Location: underground Posts: 1,212	crazy how they can blow all that money so easy and so fast __________________ RIP TD

10-28-2009, 09:30 AM	#3
Fat Panda Porn is Dead. Move along. Industry Role: Join Date: Aug 2006 Posts: 13,295	stupid fucker, no pitty here

10-28-2009, 09:35 AM	#6
seeric .......... Industry Role: Join Date: Aug 2004 Location: .......... Posts: 41,917	theres a term for that in the urban dictionary. i believe they call it hood rich. one thing that doesn't allow me to pity him is when you get those contracts the teams know that these guys have no financial sense. the teams make introductions to money managers and huge financial companies that can help them. he prob didnt take that assistance.

10-28-2009, 09:55 AM	#10
Martin "Assassins" Industry Role: Join Date: Dec 2001 Location: At home Posts: 17,277	Black folks aren't the greatest with money. They seem to be good at getting it, not so good at keeping it. __________________

10-28-2009, 10:12 AM	#11
DaddyHalbucks A freakin' legend! Industry Role: Join Date: Feb 2004 Location: Las Vegas, Nevada USA Posts: 18,975	__________________ Boner Money Last edited by DaddyHalbucks; 10-28-2009 at 10:16 AM..

10-28-2009, 10:17 AM	#12
DaddyHalbucks A freakin' legend! Industry Role: Join Date: Feb 2004 Location: Las Vegas, Nevada USA Posts: 18,975	__________________ Boner Money

10-28-2009, 10:25 AM	#14
seeandsee Check SIG! Industry Role: Join Date: Mar 2006 Location: Europe (Skype: gojkoas) Posts: 50,945	he spent money and now earn again __________________ BUY MY SIG - 50$/Year Contact here

10-28-2009, 11:02 AM	#18
Jakez Confirmed User Industry Role: Join Date: Jan 2004 Location: oddfuturewolfgangkillthemall!!!!!!! Posts: 5,656	It's pretty simple, when you're getting that much money and want it to last forever you either: -Keep working for money (won't last forever) -Conserve as much as possible (still won't last forever) -Make your money work for you (possibly forever) The only real option is to make the money work for you in the long run.. I don't understand how people that come into money like this can't understand that.. If you're making 10 million per year and spending over half of it what are you going to when the money stops coming in from manual labor? Did he never once ask himself that question? C'mon. I can understand how he might get lured into the situation of helping everyone out because hell anyone that has any kind of way to get in touch with him is going to be asking for a loan and telling friends that they know him which just brings in more loaners.. __________________ [email protected] - jakezdumb - 573689400 Killuminati Last edited by Jakez; 10-28-2009 at 11:05 AM..

10-28-2009, 11:06 AM	#19
LiveDose Show Yer Tits! Industry Role: Join Date: Feb 2002 Location: Somewhere Out there... Posts: 25,792	Not surprising. Financial discipline is learned not earned. __________________ Scammer Alert: acer19 acer [email protected] [email protected] Money stolen using PayPal

10-28-2009, 11:31 AM	#21
bronco67 Too lazy to set a custom title Join Date: Dec 2006 Posts: 29,032	Entourage will suck you dry. __________________

10-28-2009, 11:34 AM	#22
will76 Making $$$$ w/ ClickCash Industry Role: Join Date: May 2003 Location: USA Posts: 18,037	Athletes aren't much different than people who win the lottery. Don't get me wrong Athletes bust their ass training, playing in the games, they are very talented. But they don't "make" money. Their physical abilities is what generates money for them. A person playing the lotto doesn't make money, he got lucky. People who "make money" from saving, investing, starting their own business, making more money, expanding, etc etc etc... those people learn how to make money. There is no business sense learned from playing football. Money gets tossed into their lap and most of them have never worked a day in their life much less do they know how to manage money, invest etc... Then you have all of the leaches who want handouts, scam them, and talk them into bad investments... Most of them were likely poor to start with so as soon as they get money the first thing they want to do is spend it so they can over compensaite for growing up poor. __________________ ICQ: 86364801 Email: will [at] innovativeassets [dot] com PROGRAM SHIT LIST - DO NOT PROMOTE (click link for gfy thread) FNCash \| Media Revenue Last edited by will76; 10-28-2009 at 11:35 AM..

10-28-2009, 11:39 AM	#24
czarina Webmaster Extraordinaire Industry Role: Join Date: Jul 2002 Location: A beautiful beach... Posts: 10,748	why does he remind me of a few people in this industry?

10-28-2009, 11:50 AM	#25
dyna mo The People's Post Industry Role: Join Date: Dec 2008 Location: invisible 7-11 Posts: 65,364	good thing they paid him a lot of money, he would of gone broke much sooner otherwise.

10-28-2009, 11:54 AM	#27
d-null . . . Industry Role: Join Date: Apr 2007 Location: NY Posts: 13,724	when you have alot of money it is not hard to spend alot of money __________________ __________________ Looking for a custom TUBE SCRIPT that supports massive traffic, load balancing, billing support, and h264 encoding? Hit up Konrad! Looking for designs for your websites or custom tubesite design? Hit up Zuzana Designs Check out the #1 WordPress SEO Plugin: CyberSEO Suite

10-28-2009, 12:10 PM	#29
bloggerz Too lazy to set a custom title Industry Role: Join Date: Dec 2006 Posts: 16,256	"it was good just a week ago" __________________ I SELL ADULT BACKLINKS! Email: eroticweb>gmail SKYPE: gfybloggerz $$$$$ MAKE HUGE MONEY IN CAMS - CLICK HERE $$$$$

10-28-2009, 12:24 PM	#30
Nicky Confirmed User Industry Role: Join Date: Mar 2003 Location: Sweden Posts: 30,069	I bet he could still sell off some property and some cars etc and "only" live in a $2m home and drive 2 new cars etc. __________________ gfynicky @ gmail.com

10-28-2009, 01:13 PM	#34
Gasper Guest Posts: n/a	big earner, big spender .. nothing new

10-28-2009, 01:45 PM	#37
xmas13 Confirmed User Join Date: Dec 2004 Location: GFY Posts: 5,176	Who cares? You've got a problem with money changing hands? Ebenezer Scrooge's family reunited on this board or what? __________________ ICQ 557504926 Last edited by xmas13; 10-28-2009 at 01:46 PM..

10-28-2009, 01:50 PM	#38
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10-28-2009, 02:16 PM	#39
tiger Confirmed User Industry Role: Join Date: Apr 2002 Location: Los Angeles Posts: 6,986	The more money you make the easier it is to spend large amounts, the more people you have trying to get money out of you and the harder it is to manage it all. Add into that the lack of financial smarts and bad decisions that just about everyone makes from time to time and its pretty easy to see how this happens to so many people so easily. It can happen to anyone. __________________