RealGM

http://sports.yahoo.com/nba/blog/ball_d ... nba,240794

But is actually doing something about it. How many times in the past few months have we seen the "(insert player) lost ** million dollars!" Glad to see he is actually admitting his mistakes and trying to work for a living.

Article left out that divorced a gold digger who was once a cast member on the 2nd season of Real World. Wonder how much of his coin she took with her.

I don't understand players. Saving your money really isn't that difficult of a concept. Don't invest in any of the bs, don't buy unnecessary things, don't make (Please Use More Appropriate Word) decisions, and don't gamble. It's not that difficult. If you are a multimillionaire, there really isn't any need to invest in anything. You are basically set for life. Just get a house in the Caribbean, get married, and have a nice relaxing life.

JoeyMorgan619 wrote:http://sports.yahoo.com/nba/blog/ball_dont_lie/post/Kenny-Anderson-graduates-this-weekend?urn=nba,240794

But is actually doing something about it. How many times in the past few months have we seen the "(insert player) lost ** million dollars!" Glad to see he is actually admitting his mistakes and trying to work for a living.

Antoine's trying to work for a living, too.

Coleman and Anderson may have lost millions, but they're still 1 up on their former teammate Drazen.

I wonder if Mookie is still rich.

lol at all these players buying cars and going broke...

joeyyowee wrote:I don't understand players. Saving your money really isn't that difficult of a concept. Don't invest in any of the bs, don't buy unnecessary things, don't make (Please Use More Appropriate Word) decisions, and don't gamble. It's not that difficult. If you are a multimillionaire, there really isn't any need to invest in anything. You are basically set for life. Just get a house in the Caribbean, get married, and have a nice relaxing life.

You don't understand because you've never handled that kind of money before. "Don't invest in any bs" you say? What does that even mean? In this time of economic uncertainty, there is NOTHING that is a "safe" investment. For example US Bonds, which have historically been a secure investment, would be dumb to put your money into right now because the bond bubble is going to pop eventually but most people would THINK that it's not a "bs" investment.

Sham wrote:

JoeyMorgan619 wrote:http://sports.yahoo.com/nba/blog/ball_dont_lie/post/Kenny-Anderson-graduates-this-weekend?urn=nba,240794

But is actually doing something about it. How many times in the past few months have we seen the "(insert player) lost ** million dollars!" Glad to see he is actually admitting his mistakes and trying to work for a living.

Antoine's trying to work for a living, too.

Awesome...

joeyyowee wrote:I don't understand players. Saving your money really isn't that difficult of a concept. Don't invest in any of the bs, don't buy unnecessary things, don't make (Please Use More Appropriate Word) decisions, and don't gamble. It's not that difficult. If you are a multimillionaire, there really isn't any need to invest in anything. You are basically set for life. Just get a house in the Caribbean, get married, and have a nice relaxing life.

Professional athletes are rarely....well, intelligent. They're rather materialistic with inflated egos as well. Those three qualities combined with what seems to be an endless stream of money usually doesn't end well.

Few athletes realize they won't be making millions after they retire.

Triumph36 wrote:

joeyyowee wrote:I don't understand players. Saving your money really isn't that difficult of a concept. Don't invest in any of the bs, don't buy unnecessary things, don't make (Please Use More Appropriate Word) decisions, and don't gamble. It's not that difficult. If you are a multimillionaire, there really isn't any need to invest in anything. You are basically set for life. Just get a house in the Caribbean, get married, and have a nice relaxing life.

Professional athletes are rarely....well, intelligent. They're rather materialistic with inflated egos as well. Those three qualities combined with what seems to be an endless stream of money usually doesn't end well.

Few athletes realize they won't be making millions after they retire.

As foolish as their spending habits maybe, its the gold digging sluts that cause them to loose most of their money.

FYI - Michael Jordan lost $168 Million in his divorce settlement. I'm sure he would be broke if he got divorced 5x times over like Kenny did.

Why can't these athletes understand that ex-wives and child support will bleed you dry? If I ever became rich the very first thing I would buy wouldn't be a car or a house, it would be a vasectomy.

joeyyowee wrote:I don't understand players. Saving your money really isn't that difficult of a concept. Don't invest in any of the bs, don't buy unnecessary things, don't make (Please Use More Appropriate Word) decisions, and don't gamble. It's not that difficult. If you are a multimillionaire, there really isn't any need to invest in anything. You are basically set for life. Just get a house in the Caribbean, get married, and have a nice relaxing life.

Put it on a savings account, period. In the US the average is about 2%. even if he had save half or even 1/4 of that he would have collected 600000 or 300000 annually alone on interest. Problem is that these guys live beyond their means, spend extravagantly, have a lot of parasites on their sides and are not long-term thinkers and planners. I have no sympathy for such individuals, if they can't break the pattern of self-destructive behaviour then they have no one to blame but themselves.

Mutual Funds, Savings, IRA, safe stocks.

Not that difficult.

jmb987 wrote:

joeyyowee wrote:I don't understand players. Saving your money really isn't that difficult of a concept. Don't invest in any of the bs, don't buy unnecessary things, don't make (Please Use More Appropriate Word) decisions, and don't gamble. It's not that difficult. If you are a multimillionaire, there really isn't any need to invest in anything. You are basically set for life. Just get a house in the Caribbean, get married, and have a nice relaxing life.

You don't understand because you've never handled that kind of money before. "Don't invest in any bs" you say? What does that even mean? In this time of economic uncertainty, there is NOTHING that is a "safe" investment. For example US Bonds, which have historically been a secure investment, would be dumb to put your money into right now because the bond bubble is going to pop eventually but most people would THINK that it's not a "bs" investment.

When I said don't invest in bs I meant don't invest in anything. Why would you if you have that much money to begin with? Just keep all of your money in your bank account.

If you are that rich, you shouldn't even be making investment decisions yourself. Hire a financial advisor and get them to do it for you. There is absolutely no reason for a rich baller to be hand-choosing stocks/bonds/investments himself anyway....it takes a lot of time to figure out how to do that correctly, and it makes more sense to hire a professional.

hype_2004 wrote:

joeyyowee wrote:I don't understand players. Saving your money really isn't that difficult of a concept. Don't invest in any of the bs, don't buy unnecessary things, don't make (Please Use More Appropriate Word) decisions, and don't gamble. It's not that difficult. If you are a multimillionaire, there really isn't any need to invest in anything. You are basically set for life. Just get a house in the Caribbean, get married, and have a nice relaxing life.

Put it on a savings account, period. In the US the average is about 2%. even if he had save half or even 1/4 of that he would have collected 600000 or 300000 annually alone on interest. Problem is that these guys live beyond their means, spend extravagantly, have a lot of parasites on their sides and are not long-term thinkers and planners. I have no sympathy for such individuals, if they can't break the pattern of self-destructive behaviour then they have no one to blame but themselves.

Exactly.

jmb987 wrote:

joeyyowee wrote:I don't understand players. Saving your money really isn't that difficult of a concept. Don't invest in any of the bs, don't buy unnecessary things, don't make (Please Use More Appropriate Word) decisions, and don't gamble. It's not that difficult. If you are a multimillionaire, there really isn't any need to invest in anything. You are basically set for life. Just get a house in the Caribbean, get married, and have a nice relaxing life.

You don't understand because you've never handled that kind of money before. "Don't invest in any bs" you say? What does that even mean? In this time of economic uncertainty, there is NOTHING that is a "safe" investment. For example US Bonds, which have historically been a secure investment, would be dumb to put your money into right now because the bond bubble is going to pop eventually but most people would THINK that it's not a "bs" investment.

"SAVINGS ACCOUNTS", buy gold, silver or better yet take everything out and store it overseas Swiss bank account. It's not that hard to do with that kind of money, much better than buying 5 million dollar Yachts, 1 million dollar cars, financing "record labels", buying 10 million dollar mansions, giving out money to every tom, dick and harry in the old'hood while "investing" their seed in every potential orifices they encounter in every clubs they frequent.

These guys go broke because of child support. They can stop buying cars once they retire, but they can't stop paying child support. Paying 6 figures in child support isn't easy once you don't have any income.

joeyyowee wrote:

hype_2004 wrote:

joeyyowee wrote:I don't understand players. Saving your money really isn't that difficult of a concept. Don't invest in any of the bs, don't buy unnecessary things, don't make (Please Use More Appropriate Word) decisions, and don't gamble. It's not that difficult. If you are a multimillionaire, there really isn't any need to invest in anything. You are basically set for life. Just get a house in the Caribbean, get married, and have a nice relaxing life.

Put it on a savings account, period. In the US the average is about 2%. even if he had save half or even 1/4 of that he would have collected 600000 or 300000 annually alone on interest. Problem is that these guys live beyond their means, spend extravagantly, have a lot of parasites on their sides and are not long-term thinkers and planners. I have no sympathy for such individuals, if they can't break the pattern of self-destructive behaviour then they have no one to blame but themselves.

Exactly.

So you are going to put millions of dollars into a savings account when only $250,000 of it is insured. Sounds like a GREAT plan!

jmb987 wrote:

joeyyowee wrote:
So you are going to put millions of dollars into a savings account when only $250,000 of it is insured. Sounds like a GREAT plan!

[/quote]

Who said it only going to one bank? diversify and put it in multiple banks overseas esp in Austria or Switzerland, not hard to do buddy esp with that kind of money. Where do you think the crooked criminal Elites stack their money?