@@Hiaki1000 I mean 5 bit a stretch though... Because it's expensive to pay child support...Maybe 2-3 was good but 5 that's another level...Maybe they need condom if they manage to pregs 5 woman..🤣
You can see JJ's character build over the years. People didn't "like him" for not good reason while he was at Duke. That's why he has such thick skin today-------he knows how to talk to people even when they don't like him.
That's literally the name of this cut man. The name of the video is Money related. You want them to talk about pokemon? Just search "schulz" pokemon. They won't be talking about money
I knew a (white) guy who had a mortgage of $8k a month on a $14k-$16k monthly salary. I told him, "I dont like telling grown people how to spend their money, but that's an insane mortgage when your salary isn't guaranteed for the life of the mortgage." He told me, "My wife wanted it, so I bought it." I said, "That's your main mistake. You should've told her, "no".
JJ hit the nail on the head...never believe you have arrived...always strive for the next goal and level. I wish Vince Carter had this mentality (as a life long Raptors fan).
Schulz would make an amazing Rat Jew: the Bear Jew's sidekick, asks you about how much money you make while the Bear Jew beats you up with a bat. Once you're beat up and Brad Pitt's done marking your forehead he'd slip a zyn in your mouth.
Agreed, but what he did say was eye opening to me. You can even back into the numbers a little bit. In his example, say someone gets a contract for $10M over 5 years. Well, I'm assuming $1-$2M goes to your agent. Probably $4M goes to taxes, insurance, accounting, and/or legal. So, you have $4M left for you and family. A house is probably easily $1M. Helping family with their debts, houses, cars, etc. is probably another $1M. Now, you have $2M left to live off of, which is doable, but these are basketball players, not finance experts. I could easily see someone without decent money skills blowing through that in a few years.
wrong. You give a normal person a million dollars they will fuck it up more often than not. Happens to most lottery winners. Most athletes that go broke became millionaires at 18 who came from poverty.
maybe it’s different in the US but in Australia, we have a weekly class dedicated to it and you can choose to also do ‘Business Studies’ which includes budgeting and saving money
lol they teach it, let’s not act like most pay attention. And getting to any major sports league they have internal courses on this but most ignore it.
He acts like it’s a struggle for these players to live off of millions of dollars. Once your career is over. Get a real job. The average player makes more in 4 years than I would in a lifetime. I have zero sympathy and find it comical how out of touch these millionaires are.
Yea idt these ppl realize how much money they make. If you make 100k a year for 30 years up to retirement age, that nets you 3 million in your lifetime. He's saying that the average player with an average career in his day would make 8 million in his career. Almost 3 times what a man makes at a 100k salary in his lifetime. And a 100k salary isn't the norm, that's top 10-15% in some states...
Clearly didn’t listen to the message. It’s a struggle because they lose it all. When you had 5 million a year come in and living a 5 million a year lifestyle. if you don’t adjust your lifestyle what is going to happen? Before you know it all the money is gone
Unfortunately it goes down to your circle. If everyone around you thinks and acts like they made it to the nba too and you have a hard time saying no then you’ll be broke quick fast and in a hurry
Adjusted for his era. At the time it was the highest paid ever, plus he was given a share to Lakers. The fact he is now worth over $200 millions means Magic smart with his money.
Majority of Athletes go broke because of Bad investments, alot of kids, gmabling/drugs. Its typically something extreme. Its rarely family or buying nice cars. Usually they are making really dumb decisions.
I agree, giving more players a better contract won't solve anything. Financial Literacy is what would at least decrease the number of players who go broke. You can always teach someone something valuable, but if they don’t want to apply what’s learned then it won’t be as effective. Which is why I stated decrease instead of solving the problem as a whole.
Who was the last superstar with money problems? I remember when Gary Payton had trouble making it through the lockout because he bought like 90 luxury cars. A Supermax star could buy that on one year of their contract, post taxes.
If you look at the roster for 2002 McDonald's All-American Team, there are about 10 guys who made it to the NBA out of 26 players who made to that game. 14 of those guys I've never even heard of.
The best advice I heard for ballers when it comes to money is, "Don't buy a house until your second contract, because you don't know if it's coming." Not to mention you could be traded and will have to uplift your family. Also, it's the same shit with rappers. If you don't come from a situation where you're use to having money, you will spend it recklessly. Also, keep an eye out for them family/friend vultures who swoop in with their hands out.
The goal is make it to the second contract. Also there should be no reason why you’re blowing through 6-8 million dollars no excuse for that. They all should take mandatory monthly financial classes provided by the league.
It is now a new world with NIL in college. These kids are getting help at 18 and the colleges are setting them up with professional money managers. Now that good money can be made in college, a lot of guys will stay all 4 years. By the time they enter the professional ranks, they are much better prepared.
I like JJ I don't know him in person. I think he knows that money don't make you happy it help you to leave better and in somecircunstaces (health issues) it's better having enough rather than not. But at the end of the day won't make you happy.
this is the most remedial and disingenuious financial discussion I've ever come across in my life. and I make it a point to ask people who drool about finances. truly impressive.
So to summarize there are four big fixed costs historically with joining the NBA that players underestimate - buying a top-end home, buying a top-end luxury or performance car, paying agents, and funding housing and retirement for their parents. These easily cost millions of dollars, and for the average player in previous era, this was pretty much what they made in their career, though they spent money additionally in a way that assumed they would keep this income.
JJ knows his priorities. You can tell the man is set for life. He might not have made many millions like other players, but he knows how to invest and honor his parents.
The average NBA baller now makes $10 mill per season, NOT A YEAR. The NBA season is 6.4 months. For the other 5.6 months of the year a smart player can make an extra $200,000+ just in interest. Nobody ever talks about this - ITS A SEASON NOT A FULL YEAR.
I was watching an interview with Sebastian Telfair talking about the exact same thing. I also watched an interview with Mikey Garcia talking about being offered 2 million for a fight and after paying everyone and his taxes he walked away with around 550k.
I don't care what nobody say you give me 8 million right now I'll never have to work again in my life if you choose to be an idiot and blow your money that's your fault but it's not because it's not enough
Different when you've grinded the last decade while building relationships that you want to take care of. This is a tough situation. Young men who have made promises they don't know how to handle
You are poor, that's why you think its enough. Its never enough. The person making 30k thinks 100k is rich, 100k thinks 1 million is rich, the millionaire thinks the billionaire is rich. There's a reason lifestyle creep happens. If you were so smart you wouldn't be so poor and calling these people that make millions "idiots".
@@l.h.tnguyen4916 So you call us dumb just because they make more money than us...Dude they were blessed with genetic from god...If you are 5ft 6 in NBA , you are most unlikely to be selected...Most of NBA guy didn't even finish college or got 1.0gpa in school..They are lucky not smart
Glad someone finally said it. I didn't think it happens anymore because of the money now. Guys like Derrick White be signing for $70 million, no disrespect good player but he's making more than Vince Carter did at one point
His Grandparents were stressed in their retirement ok sure my parents literally have nothing but they have their grandkids that bring them joy. Money isn’t everything.
JJ looks like what Schultz thinks he looks like.
Lmaooo
Thinks looks like? You think you talk smart person 😂
You must like men and that's okay. Diversity is okay
LOLLLL
😂😂😂
Redick is the haircut you ask for, Schultz is the haircut you get
Riddick you go afterwards
😂😂😂😂💀
Including the mustache?
That's 100% an unfinished fade
It’s cuz he gets a bald fade instead of layered one like Jj
Shultz needs to fire his barber immediately 😂
Who he think he is hitler 😂😂😂
Lol
🤣🤣🤣🤣🤣🤣
His barber is a old man from Germany
Bro is slowly turning to hitler 😂
2 words : Baby Mommas
1 word, WIFE
Baby mommas actually cheaper than wife..Wife will take half your money + alimony, and child support...
@@mrboast2826 and a bimbo is cheaper than both 💯
@@mrboast2826 yeah, but it's easier to have 5 baby mommas then 5 ex wifes
@@Hiaki1000 I mean 5 bit a stretch though... Because it's expensive to pay child support...Maybe 2-3 was good but 5 that's another level...Maybe they need condom if they manage to pregs 5 woman..🤣
John Stockton drove a mini-van when he was in the NBA
not just most likely
Karl Malone was in the back of the van. John stockton assisting off the court
@@binrui1999🤣
What does Kawhi drive
That was to drive karl malones girlfriend
5% of 4 million, is 200,000. You could quite literally live off of interest.
*Dividends
We could but they can’t, in their world a Range Rover sport is not a nice car…
These guys are idiots
@@NickZhu50581203 And in their world it's normal to spend 15k on an outfit and throw it away after taking one picture in it
It’s all about the spend as he said
Wasn't a JJ fan at Duke but he earned my respect in the NBA and he's great in the talking heads industry. A true professional all around
Yep, despite occasionally “putting his foot in his mouth” he is one of the better talking heads
You can see JJ's character build over the years. People didn't "like him" for not good reason while he was at Duke. That's why he has such thick skin today-------he knows how to talk to people even when they don't like him.
@@alanaldpal950compared to Keyshawn Johnson and Kendrick Perkins JJ looks like Einstein
I was going to make the exact same comment, but you got here before me!
He was an elite player.
“You never arrive, you’re always becoming.”
I love that. We need more of this mentality in today’s world. ❤
Schulz never shuts up about money
That's literally the name of this cut man. The name of the video is Money related. You want them to talk about pokemon? Just search "schulz" pokemon. They won't be talking about money
this type of comment is why he isnt broke and you are
@@fatsoaok6749nah, some people appreciate things other than just money
i mean he is jewish
Must be a jew
The real flex is when your in a position to give back. Reach one teach one
Why you looking for a handout.
You're. Why is this so hard?
NBA players go broke when they have 10 kids with 5 different women. Alimony and child support is no joke.
Yeah like 200k per month ...What kind of child need 200k per month for child support and alimony ..
Facts
304 Support ***
So it's the player making stupid choices in his life. I'm amazed at how many people are making stupid life choices.
@@mrboast2826seriously the women be using for themselves
I knew a (white) guy who had a mortgage of $8k a month on a $14k-$16k monthly salary. I told him, "I dont like telling grown people how to spend their money, but that's an insane mortgage when your salary isn't guaranteed for the life of the mortgage." He told me, "My wife wanted it, so I bought it." I said, "That's your main mistake. You should've told her, "no".
Damn I thought my 3k a month was stupid lol.
yeah it;s a lot but it's not like he is poor and has nothing left + unless he is not 60, he will only earn more, not less and will pay it off early.
@@Hiaki1000 the point is what will he do if the money stops coming in i.e. if shit hits the fan
@@Maleegi probably sell the house and be profitable
I mean what year did he buy it? its probably worth 2x now and hes rich af
Sure use the most frugal player in the NBA on the thumbnail😂
Lmao 😂 fr
For real tho 😂
That'd be LeBron
@@abdulfarah4030 lebron probably a close second, i doubt lebron got his money spread across 20+ accounts so that the bank fully insures it all
On god
Its pretty simple, a lot of guys dont make it to their second contract and realise that they cant spend more than what they bring in.
JJ hit the nail on the head...never believe you have arrived...always strive for the next goal and level. I wish Vince Carter had this mentality (as a life long Raptors fan).
Is he broke or smth?
@@lhagidutyVince played 21 years. He’s fine. He peaked early, though & had some injuries. Lost most of his elevation, became a three-point shooter.
Go cry some more. Y’all beat the warriors for a title. Vince Carter had a great career.
It’s not What you make, it’s what you keep
Never underestimate the phrase "I have a business idea for you"
Picking Giannis as the thumbnail: a guy notoriously frugal, was funny, tbh.
Yeah, I was wondering about that. His place in the suburbs of Milwaukee can't be that much either. Not in comparison to what it would cost in LA>
Whit that hair cut, Schulz is ready to play on "Inglorious Bastard II", he even doesn't need to change his name !!! 🙂
"Batter up"
Schulz would make an amazing Rat Jew: the Bear Jew's sidekick, asks you about how much money you make while the Bear Jew beats you up with a bat. Once you're beat up and Brad Pitt's done marking your forehead he'd slip a zyn in your mouth.
Nein nein nein nein nein
I feel like JJ was dancing around the real reason most use to go broke
Cause hes gotta tip toe with the "brothas"
The ones who do go broke is usually because of some extreme dumbness. Baby mama's, Gambling, drugs and bad investments
JJs not the white person to ask abt this
Agreed, but what he did say was eye opening to me. You can even back into the numbers a little bit. In his example, say someone gets a contract for $10M over 5 years. Well, I'm assuming $1-$2M goes to your agent. Probably $4M goes to taxes, insurance, accounting, and/or legal. So, you have $4M left for you and family. A house is probably easily $1M. Helping family with their debts, houses, cars, etc. is probably another $1M. Now, you have $2M left to live off of, which is doable, but these are basketball players, not finance experts. I could easily see someone without decent money skills blowing through that in a few years.
Only "2M left to live off" doesn't require you to be a finance expert. It requires you not to be a retard. Come on, Brett 😂
Normal people make their dumbest financial mistakes while they are young and broke. Athletes are massively rich when they make those dumb mistakes.
YEP
wrong. You give a normal person a million dollars they will fuck it up more often than not. Happens to most lottery winners. Most athletes that go broke became millionaires at 18 who came from poverty.
@@imranak12 you're agreeing with me and you don't even realize it.
That is actually an urban myth. Lottry winners don't go broke@@imranak12
No. Athletes will MAKE BIGGER mistakes since they have more money and will hurt much much more.
They dont teach financial education in school. No education means you will act like a fool when u get money .
you*
i mean, depending on the school they do. but man, youtube still exists. turbotax? its like going to the library, If you want to learn you will learn
maybe it’s different in the US but in Australia, we have a weekly class dedicated to it and you can choose to also do ‘Business Studies’ which includes budgeting and saving money
lol they teach it, let’s not act like most pay attention. And getting to any major sports league they have internal courses on this but most ignore it.
They definitely teach financial literacy. It seems maybe, you didn't go to school?
Normal Americans hearing "how are you supposed to make 5 million last the rest of your life" is such a spit in the face
Shultz look like he part of the Schutzstaffel😂😂
He acts like it’s a struggle for these players to live off of millions of dollars. Once your career is over. Get a real job. The average player makes more in 4 years than I would in a lifetime. I have zero sympathy and find it comical how out of touch these millionaires are.
Yea idt these ppl realize how much money they make. If you make 100k a year for 30 years up to retirement age, that nets you 3 million in your lifetime. He's saying that the average player with an average career in his day would make 8 million in his career. Almost 3 times what a man makes at a 100k salary in his lifetime. And a 100k salary isn't the norm, that's top 10-15% in some states...
😊@@sora4440
Jemele hill will blame whites for any black nba players failures
Clearly didn’t listen to the message. It’s a struggle because they lose it all. When you had 5 million a year come in and living a 5 million a year lifestyle. if you don’t adjust your lifestyle what is going to happen? Before you know it all the money is gone
Rich people complaining they don't have enough at the end of the month because they "had" to spend too much? Sure...
Amazing interview, one of the best
Unfortunately it goes down to your circle. If everyone around you thinks and acts like they made it to the nba too and you have a hard time saying no then you’ll be broke quick fast and in a hurry
That's usually not how most athletes go broke. Majority of them go broke because of bad investments, gambling and alot of kids.
Shultz goin back to SS roots with that cut
It stopped when ESPN released their documentary Broke- NFL and NBA realized they gotta help these dudes
“They don’t anymore”…baseball and basketball puts players first.👼🏽
JJ testing Andrew with that Chicago deal and it went over his head😂😂
Lmao o that’s what happened.
Straight faced I was confused
Magic Johnson signed a max contract 25 years $25 million dollars lol
Adjust for inflation
Adjusted for his era. At the time it was the highest paid ever, plus he was given a share to Lakers. The fact he is now worth over $200 millions means Magic smart with his money.
And a house in LA would cost 80k or some shit instead 2M dollars
Majority of Athletes go broke because of Bad investments, alot of kids, gmabling/drugs. Its typically something extreme. Its rarely family or buying nice cars. Usually they are making really dumb decisions.
JJ is a good guy....taking care of family speaks for itself (and just more than parents at that).
Do they film this in Austin where these guys live???
JJ Redick is always a good talk
Hockey the same. I have played both. Always the team first among brothers. No envy.
JJ is a smart, responsible dude. That’s why he's a terrible "model" for this conversation.
JJ is talking about bench guys. Ask him about guys like Sprewell amd Antoine Walker
JJ. Reminds me of asher from
All American.
😂😂😂
That boy Schultz told his barber lemme get a high bowl, No Taper, No Fade 😂😂😂😂🔥🔥🔥
The "fear" JJ describes is the exact opposite of what someone who is entitled feels...
Him suggesting that the bigger contracts will fix the problem is an interesting take. I kind of think he’s wrong, but we shall see.
Yes the more you make the more you spend when you are young. Also look at lottery ticket winners of big prizes the majority go broke.
I agree, giving more players a better contract won't solve anything. Financial Literacy is what would at least decrease the number of players who go broke. You can always teach someone something valuable, but if they don’t want to apply what’s learned then it won’t be as effective. Which is why I stated decrease instead of solving the problem as a whole.
Who was the last superstar with money problems? I remember when Gary Payton had trouble making it through the lockout because he bought like 90 luxury cars. A Supermax star could buy that on one year of their contract, post taxes.
The problem is the lifestyle and spending
“They don’t anymore” Ya ok JJ
Schultz looks like a 1920s prohibition moonshiner! 😂
is it just the good-quality mics, or does everyone on this podcast have a great voice?
Everybody comes to work knowing somebody wants their job. That's life. It's competitive and that's good.
Too much money now. It takes hard work to blow all that money
NFL is different.
It depends, the spends increase with your social status, and brain status
“How is that supposed to last u the rest of your life ?”
Don’t touch the principal. Invest and only spend the ROI
Facts. Simple as 1 2 3. Put that in a CD or GIC and you never have to work a day in your life.
he was going to talk about WATCHES but then he switched mid-story to a more wholesome answer 😂
If you look at the roster for 2002 McDonald's All-American Team, there are about 10 guys who made it to the NBA out of 26 players who made to that game. 14 of those guys I've never even heard of.
The best advice I heard for ballers when it comes to money is, "Don't buy a house until your second contract, because you don't know if it's coming." Not to mention you could be traded and will have to uplift your family. Also, it's the same shit with rappers. If you don't come from a situation where you're use to having money, you will spend it recklessly.
Also, keep an eye out for them family/friend vultures who swoop in with their hands out.
Bro said “how is 10 mil gonna last you the rest of your life” the fuck
Anyone who knows more than Schulz and even Schulz senses it so he shuts up? Is a great guest! Thank you JJ
Don’t every has a max contact tho. Theres still 2nd round picks are players getting signed minimums etc.
‘I thought we were getting a watch story’ lmao
1000% right, it’s never about $ input it’s about output. Spend within your means and plan for what happens if the flow is no mo.
Stupidity. Literally impossible to go broke with their salaries, and they do it regularly.
Not literally then
@@nickh9811 Big brain on Nick (sarcasm).
The goal is make it to the second contract. Also there should be no reason why you’re blowing through 6-8 million dollars no excuse for that. They all should take mandatory monthly financial classes provided by the league.
JJ is the complete dude
JJ is Schulz + IQ, Athleticism, Humility, fashion and good looks.
When did he play for Chicago?
baby mamas , restaurants, car dealerships ... the holy trinity of athletes going broke
"Stressed to the nines?"
It is now a new world with NIL in college. These kids are getting help at 18 and the colleges are setting them up with professional money managers. Now that good money can be made in college, a lot of guys will stay all 4 years. By the time they enter the professional ranks, they are much better prepared.
I like JJ I don't know him in person. I think he knows that money don't make you happy it help you to leave better and in somecircunstaces (health issues) it's better having enough rather than not. But at the end of the day won't make you happy.
IT’S ALL ABOUT THE SPENDING? Well shit! How did this vital financial information stay unknown for so long?
When is JJ going on Vlad he everywhere
this is the most remedial and disingenuious financial discussion I've ever come across in my life. and I make it a point to ask people who drool about finances. truly impressive.
What do you mean?
So to summarize there are four big fixed costs historically with joining the NBA that players underestimate - buying a top-end home, buying a top-end luxury or performance car, paying agents, and funding housing and retirement for their parents. These easily cost millions of dollars, and for the average player in previous era, this was pretty much what they made in their career, though they spent money additionally in a way that assumed they would keep this income.
Schultz so spazzed off the addy he cant help himself when it comes to interrupting
Shultz went for a fade but the barber had a heart attack
Bro the fake writing shit down on with the pen and paper 😂
Money is a finite resource
a few mil should easily last u a lifetime...as long as u dont go crazy spending
JJ knows his priorities. You can tell the man is set for life. He might not have made many millions like other players, but he knows how to invest and honor his parents.
6:46 "Ability to provide for their families?" Are you fukcing kidding me? 🤣
Shultz never got the answer to his question because he wouldn't stop with the secondary questions and eventually they veered of course.
I always liked JJ but ever since he's retired, I've liked him way more. He really loves the game
'3 year deal with Chicago' can anyone clarify what he's referring to? It was Orlando trade to the Clips...
Building wealth isnt about how much money you make but how much moeny you keep
The average NBA baller now makes $10 mill per season, NOT A YEAR. The NBA season is 6.4 months. For the other 5.6 months of the year a smart player can make an extra $200,000+ just in interest. Nobody ever talks about this - ITS A SEASON NOT A FULL YEAR.
Your telling me money issues come from spending?!
If you listen to Gil arendas, you know why. they play like half of their games in other cities and party hard in everyone of them. That shit adds up
stoked JJ is announcing some playoff games. easy and interesting to listen to
Idk why he said they made the conference finals his first year in philly
Someone explain to jj and Schulz what inflation is.
I was watching an interview with Sebastian Telfair talking about the exact same thing. I also watched an interview with Mikey Garcia talking about being offered 2 million for a fight and after paying everyone and his taxes he walked away with around 550k.
What they forget is also life 10 years ago was different with the prices of everything that nutts
I don't care what nobody say you give me 8 million right now I'll never have to work again in my life if you choose to be an idiot and blow your money that's your fault but it's not because it's not enough
Amen!!
Because i don't need a mansion or an incredible car.
Give me a Camry and a nice little 3 bedroom house on a few acres, and I'm set.
Different when you've grinded the last decade while building relationships that you want to take care of. This is a tough situation. Young men who have made promises they don't know how to handle
You are poor, that's why you think its enough. Its never enough. The person making 30k thinks 100k is rich, 100k thinks 1 million is rich, the millionaire thinks the billionaire is rich. There's a reason lifestyle creep happens. If you were so smart you wouldn't be so poor and calling these people that make millions "idiots".
@@l.h.tnguyen4916 So you call us dumb just because they make more money than us...Dude they were blessed with genetic from god...If you are 5ft 6 in NBA , you are most unlikely to be selected...Most of NBA guy didn't even finish college or got 1.0gpa in school..They are lucky not smart
Wait I wanted to hear the Markelle Fultz thing
Glad someone finally said it. I didn't think it happens anymore because of the money now. Guys like Derrick White be signing for $70 million, no disrespect good player but he's making more than Vince Carter did at one point
Inflation homie
Why are they using giannis image, why not jjreddick's
Cuz JJ hates Giannis
Who is btw the most frugal player in the NBA lol
Mike Conley made more than bird Magic and penny hard way
His Grandparents were stressed in their retirement ok sure my parents literally have nothing but they have their grandkids that bring them joy. Money isn’t everything.
Why would you put Giannis on the thumbnail?
Wassup wit bro haircut 😭😭 barber forgot the guard or sum lol
It’s not what ya make. It’s what you keep.
The last time philly went to a conference final was when Iverson won mvp