Antoine Walker Explains How He Lost $110 Million
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- čas přidán 31. 05. 2024
- Oct. 7 (Bloomberg) -- Former Boston Celtics basketball player Antoine Walker explains how he lost $110 million. He speaks with Pimm Fox on "Taking Stock." (Source: Bloomberg)
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It takes a real dude to sit there and admit your truth, Hope you are in a better place Bro !!!!!!!!
He's only doing the interview to make money though? He's promoting his movie and book.
He's in a worse place tf?!?!
RIP
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ShortTheWorld he’s alive lol
I take my hat off to this guy for not committing suicide
Shut up with that immature comment.. money is not the all end & be all. Love, family, health is more important..🖕🖕🖕
Health is w3alth
a big adjustment
Me too. Because somebody else would have to pay for it.
@@thankyouinadvance.yourfutu5219 I agree. But it sure doesn't feel like it when you're broke. And sometimes love deserts you when you're broke.
I was a waiter in south beach.Antoine was a great guy to have in your section. Nothing was off limits and his generosity was unmatched. I actually feel for him.
I don’t he’s a damn moron
How many guys do we have to see go broke before we learn the money won’t last forever UNLESS YOU ARE SMART AND SAVE/INVEST WISELY
We we w wulff wulff made a
dallen fffttyyiiooppp0nknhzdyhuuuuiuuuu
@@foodini666 exactly, my family would never have to work if I was lucky enough to be his position
Ran into him when I was working at a night club in Chicago, he was drunk AF and I said nice meeting you, and he gave me handshake and hug. Definitely was a party animal
Sure he didn't give you some money😂😂😂😂💀💯🤦🏾♂️🤷🏾♂️
Antoine said " I would travel with a big group of guys ". Translation : He was plagued by a swarm of locust.
So.....He couldn't tell these locusts no?? Why did I know even before I got here that people would blame his entourage instead of him directly.....How do people know that he wasn't wistfully inviting these guys??? It's his fault he is broke......
A posse of enablers.
Kingston Hyde correct. Most of these fools are trying to blame his girlfriend. Supporting 70 people and 20 homeboys just hanging out .
lol
Respect to this man, he had no hesitation with his shame and turned his failures into something positive. That's a life winning attitude.
Very humble about his failures.
You're right. Because it is only money really. I mean, seriously, so what ? He had it, he now doesn't have it, so what, big deal. People make such a huge issue out of losing it 'all'. He is still young, he sounds totally unfazed about it, life carries on and he might actually prefer not having lots of money now and just leading a simple life.
Or just sad 😞
He is healthy, well balanced and alive. He still has everything.
Except $110million 👀
@@marpad93 still had the experience of spending it
Facts
People shouldn't mock this guy. He's humble and strong enough to talk about it openly.
This really speaks to the cause of poverty. It has to do with one's ability to manage money. This is precisely why giving money to the poor doesn't work. This happens with lottery winners as well. This is an education issue and a values issue.
I personally know people on extremely modest income that are well off, and people with very high income who are broke.
I respect him people on here with no compassion dogging this man out really none you people are perfect all of you to dogging him have flaws yourself
All these clowns mocking him losing 110M. He had the guts to admit it on national TV.
Exactly. He made it to heights few will ever see and saw lows that most of us wouldn't be able to extract ourselves from. He hasn't given up and I respect that.
hes "opening up" about it for money to promote his book dumb fuck
who gives a damn he had a hundred million dollars who should feel sorry for him sound ridiculous
I respect this guy so much from how he got up from that super hard fall of losing all his money to getting his confidence back and teaching younger people how to avoid falling into the trap of making bad choices. Salute Antoine!
It’s sad. He helped so many people and had a great NBA career. The only thing folks want to talk about is his financial situation.
His story is very inspiring. To most of the people that are watching this and didn't know yet, Antoine has already bounced back from bankruptcy. He's now an analyst on FS1, and he also gives financial advice to young athletes - keeping them from making the mistakes that he did.
He had a humble beginning, got drafted, became an all-star, an NBA champion, and then became bankrupt almost overnight. Not only was he willing to admit to the mistakes he made and blamed no one else, he also did not give up, and now he's bounced back. Kudos to this amazing man.
I don't understand why people bother gambling when they already hit the lottery!
+Donkey Kong
Boredom (Stupidity).
+Donkey Kong It's a tax on the mathematically illiterate. Casinos prey on human weakness and insecurity.
addiction...
yes. casinos should be illegal
not necessarily true... some people are honestly happy with a 100 million or 20 million. I see the point you are trying to drive home though. I personally want between 5 - 15 of liquid assets. That should tide me over until I retire and allow me to live a very very very comfortable life and never ever have to work or want more. It is also obtainable too. Yes living a great life is important but you want to live a long life that has a good quality for a long period of time. If you have kids you need to be able to send them to school give them the best... Again I know what you mean and what you are trying to say but unfortunately you need money in a lot of cases even just a bit to enjoy somethings in life. You want to go on vacation you need money. You could spend all your money and have the best day of your life or you could be smart and spend way less and have many good DAYS in your life.
You could also do good with the money. For example I want to one day start an educational foundation for the under privileged youth. It is a lot easier to get other peoples money to put towards scholarships when you can tell them HEY I put 5 million of my own money.
antoine gave al jefferson a 20k watch in 2004 when antoine got traded back to the celtics and al gave toine his number 8 back. fast forward 11 years and al has made 98 million. al, hit a brother up with 20k he could use it. he was generous to you, its time to return the favor back to him
JustinBlazzzee he doesnt have to. What make you think he has to Big Al never beg him
Breaking news: he didn’t “lose” $110 million, he squandered it. Big difference.
what is your source and his reason?
Preach
virat kohli he actually earned it. The only people who make money work for the mint
tom jens complicate matters all you want it won’t change anything 🤷🏾♂️
@@calroach1 no, 99% of money isn't ever printed or minted. it's just numbers on a computer. The federal reserve, a private bank, has this power. This is real power, the rest of it is all just for show
Antoine is a real nice guy who made some really bad decisions hope he gets his life back together.
I dont
Hes mine now hes a analyst's on 120 sports
and most of those "friends"are now gone im sure...
dafcorleone the fake comes out when u big
If he wins the lotto they'll comeback
dafcorleone I love the Celtic organization but I can't begin to understand why they decided to give a 19 year old who probably had never seen a thousand dollars all at once before, a large payment up front? He said he bought his mother a large Home off the top. Will Smith, an educated upper middle class teenager related in a interview years ago that he and Jazzy Jeff made their first million when their song Parents Just Don't Understand hit it big! He went on to say he blew his million on a car, a girl and some tennis shoes. Lesson learned. This Man didn't stop til 100 million damn dollars was gone! Unbelievable!
all
dafcorleone I like to call them Fair Weather Friends.
he didn't have 110 million in the first place... after taxes he probably walk away with 60 million and the rest he just fucked up
Right.
Well thats understandable
Makes sense now, $60 mil is way easier to blow through.
just u because get 110 dose not mean get 110 cause of taxs
+miggidymark obviously..
I just blew $85 at the Mount Airy casino and I'm ready to kick the dog!
Lmaoooo
@@krisyuro7477 I've lost £10 walking to the shops and I still get angry about that
@@jojo_n_dat7325 lmaooooooo
😂😂😂
johniboz1 BMF(blowin' money fast)
I lost $500k in 8 years and I’m still depressed about it! Wow he lost 110M and still ok mentally?
How?
Bad investment s?
I lost 9000 last year and I still wake up middle of the night dont know how this guy not depressed
But how you lost it
How did u lose 500k ?
I get pissed when I lose 5 dollars lol let alone 110,000,000
jamil linwood omg 1 dollar
He didn't "lose" it, he spent it buying expensive ass things...
MixedBoyUS bad investments & Evelyn
i dropped five dollars and went back to get one back and was still pissed
I would seriously kill myself
That's incredibly sad, but it's a common story. Even just having 10 million gets you a rental income of 60,000$ a month, he could be sitting on top of the world right now
@@CNPPeso you what
So many people aspire to be “rich” like this it’s sad we should be inspired by the hard workers who save their productive surplus and live humbly
He explains in six minutes? Wow. I guess I can explain how I lose my paycheck every two weeks, in one second. "Bills"!!!
😂😂 Right
😅😂
Big Lou it’s cool bro it’s money goes up n down
lol
Ur hungry
Think and Grow Rich is too advanced for someone who pissed away $110 million. You need a '' How to save money for Dummies'' book.
bargain bob lol
haha lol
Hahaha true he even said "my favorite book is think rich and grow" lmfao
flappyhok flappyhok 🤣🤣🤣🤣🤣🤣🤣
bargain bob Sadly, agree.
I'm grateful for this video as an entrepreneur. Some of you may tease him but you didn't understand his life and knowledge at the time. Thankful that he is sharing.
And that is WHY we tease him. He lacked common sense. He blew thru it, you reap what you sow. Its nice that he was generous, but he even admitted he was arrogant.
He could have put 110 million in a guaranteed savings account paying 2 interest and made 2.2 million a year haha
What's so hard to understand. Antoine Walker is an idiot, of course he didn't manage his money well, he's dumb as fuck. He's lucky not to spend his life in a fucking McDonalds.
He is really genuine person ,he would have helped his friends and relatives
This shows such courage. He made mistakes and now wants to help others avoid what he went through. We all should be like that. You sir a fine example of what we should aspire to. Few people learn much from what they do well. We all learn much from things we don't do so well but few have the humility to admit it and study to not repeat it. And fewer still have the will to teach others.
he spent money on a financial adviser and didn't take any advice, lol
Good one...
Even that money was wasted..
Lol
Financial advisers are scammers all they do is steal your money
😂😂😂😂☠️
Real talk here: I was a bartender/manager at a high-end, hip-hop based night-club in Chicago, dubbed the "The Ice Bar." Hence, I had the privilege of meeting Mr.Walker, quite a few times actually. And, I must say, Mr.Walker was EXTRAORDINARILY kind, generous, and good-natured.
Mr.Walker took it upon HIMSELF to MAKE-SURE everyone was having a good-time. If he had a 1,000$ bar-tab, he'd leave 2,000$ EVERY-TIME. Meaning, he'd leave a 1,000$ TIP to the staff at the club.
He may be "broke" now, but MANY people (who have had NDE's) report that when you pass-away, your life is "judged" and EVERYTHING you've done is reflected upon and reviewed. Then, Mr.Walker will get to see, first-hand, how many people he affected with his kindness and generous actions...
The first thing this guy does with his money his buy his mom a home. Already like this guy a lot 👍👍👍. Glad he realised his mistakes on the other stuff though. Everything in moderation.
Аlex Nelson his mom should of already had her own house but just like a black male, he has to buy his mom a house & other family leaches
@@deezy890 haha true
Аlex Nelson he need somewhere to stay
Those story just piss me off seeing millionaire losing all like that im doing 50k a year and sometime its a struggle i dont have much at the end of the month and this guy blew 110 million😣
Don't hate participate
It is hard to feel sorry for people like him.
8 out of 10 Americans are in debt. America as a whole has a problem with finances. Just when a rich person messes up it is on a larger scale...
Samuel Hanna that shouldn’t be the case either. Saving and investing goes a long way people.
"I won a championship in 1990, I mean 2006 with Shaquille O'Neal..." Bruh, how you gone mix up those two years?
Lmaoo
Bryan Zazaian i think he was about to say his NCAA championship and mixed em up
Pedro Sanchez He was only 14 in 1990.
Bryan Zazaian lmao then he is a dumbass
Bryan Zazaian I think he was gonna say 1996 but interrupted himself mid sentence...his brain was probably focused on the "6" part.
I don't understand paying for jewelry.... never big fan of it
salinas831100 he is black. they need bling to feel like a man. so weak
K X Typical
Kratax Dex and white guys need penis pumps to satisfy their women
Makes more since than buying cars. At least you can get more value off of diamonds or gold
It's that culture. Same with shoes and crap like that. It's just mind blowing.
And here i am feeling bad for losing a hundred bucks in the stock market.
I lost 6 btc in july 2017 cuz of gambling
Antoine was very generous to the people closest to him. I wonder if anyone thinks about helping him get to a better position.
This is not uncommon. Like any other discipline, one must be taught how to manage money. People from affluent families are taught from an early age, so it becomes a second nature to them. In this man's case, his mindset was based upon an environment of limited resources as a child. People with less tend to emulate the materialism that they see of wealthy people in the media, without understanding the process behind the imagery. When a person who is undisciplined in finances becomes rich, they blow it on status-defining materialism. I'm sure the demands on him by his family and friends to upgrade their lifestyles was pretty stressful as well.
he is doing a great thing by educating people that are in similar situations as he was and how to do it the right way instead of the way he handled his finances. Wish him nothing but the best
This athlete is an incredible human being love him
I witnessed a few of his cars being delivered, they were unique, I was his neighbor south loop Chicago. He experienced a life most of us will never have the opportunity to. I dont look at this man as a failure, he had fun...made some mistakes...BUT HE IS STILL STANDING! CHICAGO NATIVE!
I have $100 million in my house right now. I just don't know where I put it.
Just send it over to me I'll hold on to it for you
Cel Asegamay I worked so hard for it. It wasn't easy. LOL
usgalsen *opens legs*
I suggest putting, most of the money into, dividend paying stocks. Keep some in a moneymarket fund, to take advantage of cyclical stocks, and put some into a small business that your passionate about. Go talk to a good financial advisor.
Yo!! Let me be your "broke" friend and I'll invite more "broke" friends. Then we can all be "broke" friends!!😉😉😉
I like high-end cars and maybe even a special home but at no point would I take a check and go straight to a real-estate agency or car dealership. A bugatti is nice but unless you're convinced you aren't someone who is trigger happy with their wallet you shouldn't live outside your means. A $750k home and a $50k car should be enough for a nice life. After that it should be the people in your life who give it meaning. Be grateful you can buy groceries every day and afford to pay your bills and sit down and watch T.V or a movie with your family without worrying about work, unpaid bills, or the car. I think that's one of the creature comforts people take for granted.
Amen
This is all easy to say when your outside of the situation
He is full of it. What he described would not bust a guy that had over 100M
Simple yet so true
So true
I cannot tell a lie. 110 million is a TON of money. But truth be told, I squandered thousands upon thousands of dollars on various things because I didn't have a plan for my money. I cannot judge this man harshly for I can relate in a way. In the end it's not the amount he lost that matters. It get clicks for sure but poor money management has made fools of us all. Hats off to him for owning his mistakes and moving on. He can be wealthy again.
Very honest. No excuses. No shifting the blame. Likeable guy.
Some people don't deserve money.
Walker was such a good player back in his prime. Very good shooter, post player, he also had passion for the game. Smh man this sucks so bad that all that money is GONE
Thank you for the courage to be transparent and provide a testimony for others so they don't make the same mistakes.
Antoine is lying, he was traveling 40-50 people deep and paying for everybody. He was broke 1 year after retirement.
Dum ass AW
he literally said this in the interview.
@@userdo You must be slow, let me explain. I literally said he's "lying" TO what he said in the INTERVIEW.
the fact that you took that as an attack means you need a hug bro.
@@userdo Well then what you waiting for? Give me a hug!
It's not about the fall its about how you come back. If you don't learn from your mistakes you're doomed to repeat them. You'll come back better than ever.
You lose or waste 110 mil you deserve to be poor.
I couldn't waste 110 Mill if I tried,how the hell this dude was dumb enough to spend all that money
he is black
misishi many whites go bankrupt, BY FAR than blacks because they earn more money lol
misishi wtf why does his skin color matter?
L. Torrence Exactly! He has nothing he can teach anyone in his "book," in my opinion. 110 Million Dollars is more than the island I am from Yearly Budget! What in the world could he have been thinking? I have seen over the years how some athletes lose their fortunes but I am pretty certain No One before or after him has blown 110 Million Dollars? Stupido!
Now i dont feel so bad about losing $10k in the stock market
When you've made that type of money you have to embrace the word "NO".
0:21--0:25 Did dis nigga just say "begin-ded"? He don't need to explain no more--thanks.
Lol
+Benwane Jones beginned in
+Efe Ozata u right
+Benwane Jones says the person who says "he don't need to explain NO more"....
lmao
All he had to do was get $30 million dollars worth of rental property and he would've been set for life no matter what, a guaranteed $500,000-$750,000 coming in every month.
Your math is way off.
Easy!
30 million in an index fund would add 2-3 million a year and compound with no taxes, only a 15 percent cap gains tax if ever cashed out. Easiest thing to do.
Real Rell at what CAP Rate ?
Real estate bubble popped and his rental properties became liabilities
Antoine Walker was a great player, its cool that he is sharing his experience to teach financial literacy.
55 million was lost to taxes. (37% tax bracket). Plus don't forget Agent fees, etc.
OK........THEY TOOK HALF......YOU LOST 60 MIL OK THAT'S BETTER
@@kevinpembrook2120 He blew through $40 million. I'm not saying it's any better, but work for it so it was his to blow. You make $40 million and you can do what you want with it.
Doesn't even matter tbh
He's still worth $4.3 million. That is a lot of money.
I'm WORTH $4 million too. But have $7.65 in my checking account.
BBQ Sandwich 😂😂😂
We're all priceless.
Beautiful.
Hopefully
I don't know what's it's like to earn $110 million, but I know how it feels to have a large sum of money a day after not having it. your eyes become your taste. but I snapped out that shit quick when I saw the total of what 1 or 2 luxury items cost lol
It isn't 108 million either, it's 149.5 million in 2019 dollars. This guy lost 150 million dollars on cars, trips, and gambling, and real estate. How is that even physically possible?
As easy as losing 150 in a casino. Just in a different volume
what a real and generous man. bless him from Lebanon
He reminds of my dad. He had everything, easy money, but was spending it on people who did not deserve it. Never listened to any advice until he went broke and lost everything.
Did your dad have any luck getting back ontop?
@@tybaebetybaebe5763 No. He is over 60 now and retired. Same old same old.
@@legendray2008 bless him I know that’s one of the worst feelings ever. At least he didn’t harm himself like some people do that lose it all.
@@tybaebetybaebe5763 Bless you too bro. Stay safe.
I lost everything too 100K
powerful interview. Thank you for sharing this video!!
How did you lose $110 million?
I spent $111 million...
it's kinda funny because he's stupid.
Props to him. It takes a lot to put aside your ego and try to educate others based on your own mistakes.
I would be too embarrased to show my face in public after blowing a 100 mill. a fool and his money. SmH
Soundafek Are soon parted.
you can see the embarrassment in his body language?
Marx Aur I bet he had a good time
+Soundafek hes out there so other dumb fucks don't make the same mistake, because they are making the same exact mistake right now. he's a good guy for doing this. current athletes need to hear this
Soundafek I feel what u saying but he's a grown man that made mistakes and man enough to own up to it. Hiding from situation doesn't help anything unless u all about pleasing ppl. Lastly, he made 110 mil but after taxes may have taken home 60 mil which still is a lot to blow
i was a courtside kid a celtics game back in 2002....antoine came right up to me and was joking with me about the hat i was wearing (michigan) and told me i better go to kentucky. He was a super nice guy. Let me say this , i have had bad interactions with HOF type athletes and theres nothing worse than being let down by your idol. Antione is a good dude, hopefully things work out for him.
Honestly revealing a humbling and embarrassing period of his life for the benefit of others. He's advocating restraint
to young people who have hit the jackpot and it's asking a lot. Experience ends up being the real teacher.
no, the real teacher is obedience
No! Not Antoine Walker! Phenomenal career, wish him the best, hope he is able to help a lot of ppl...
If he was smart he would have avoided buying anything until he could invest to the point of living off the interest only.
*disciplined
That what I would did
@@KingStreetBrody nice one
he played basketball at Kentucky not Princeton - he's not that smart
@@tomsmith9011 🤣
In 1996 he beginded his journey in the NBA. 0:24
Lmao!!!!!!!
Jay Rami wonder why he didnt go with begunded or beganded. ....
Milam Command hahahahahha
Milam Command and this is how you lose $110 million. Thanks Kentucky professors
I actually thought he was initially gonna say "begin to play..." then attempted, emphasis on attempted, to correct himself mid-word
Gambling, cars, and hotels for everyone! Didn’t listen to his financial advisor. Admits he was cocky. Don’t feel sorry for him at all. A fool and his money are quickly separated.
Shut up.
Raegus lol
He's not looking for pitty. You missed the whole point. Was he supposed to blame someone? Shut up miserable parasite. He was young. He's a changed older wiser person.
Shots fired shots fired...
Proof that sharing the wealth doesn't work.
You can give people a hand but, not continual handouts ie welfare.
Man he had a good time though.
When you're on this merry go round you probably think it will never end. Bit of a worry when he lost money on real estate though . Bad luck or bad timing?
Lol
Nice one Rodrigo! :)
😂😂😂😂
💴💴🔥🔥🔥
4:39 He dated Evelyn "Gold Digger" Lozada? No wonder he's broke.
Flash MeLody lol leave that high price woman alone
Flash MeLody yep they were engaged, that's why she was the basketball wife or in her case the fiancee
I was a taxidriver in Los Angeles in my collage days. I transported a lot of football and basketball players. Most of them were like kids in a candy store. A lot of fancy cloths, parties, women, drugs and very few even tipped me. They would argue about how high my meter was and some even threatened me if i didnt turn it off.others gave me bad credit cards. I had no choice i never wanted to end up dead on the streets of los angeles. Imagine my commercial insurance was so high almost 600 a month, plus maintenance, plus gas, plus licenses.
If money is lost nothing is lost. If character is lost, something is lost. If health is lost, everything is lost.🤣
Noryang Noryang that’s an incredible perspective 👍
@@LowkeyLukeDnB not when your kids are starving. most dumb comment ever
@Clutch7 wealth and health is superior peasant. rather be dumb than a wage slave.
Please help me to get out from this gambling addiction . I am destroyed 😢
When money is gone mental health is gone
110 million.. I would purchase a three bedroom house, Dodge Charger Hellcat dope ass computer room setup. Stocks to invest in, property that I can buy and rent off to people. And I'll be just fine. Allow my kids to blow all the money they receive when there 21. When they are broke and out of luck hopefully they will learn a valuable lesson about spending wisely and give them the rest of the money I saved for them when there 30.
important lesson. glad he's sharing
He didn't lose the money. He spent the money. Big difference. If he lost it, go back to where you lost it.
You earn a million, you also spend a million, and then ask, 'where did my million go?'...
Education is absolutely crucial in sustaining whatever financial success you have. A lot of athletes who have become rich after their careers have all chosen the path of education. Best example is Shaq who pursued his college, MA and even doctorate degree because he didn't anyone making financial decisions for him.
Atleast he seems like he's trying to Bounce back from his financial Woes
He's very honest and direct about his experience. I respect these guys who make mistakes, take responsibility for their choices, and share their stories hoping to help others.
In the words of Fred Sanford " You big dummy!!!
It made it easier to listen to him once he took responsibility for his own situation and said that HE CHOSE NOT TO LISTEN to his financial advisers.....I applaud that demonstration of transparency and honesty......
Antoine Walker · Net worth
$250,000 USD (2017)
That is depressing
Way more than me
Did he jus say "I beginnded?" I see how he blew 100 mill
chowder193 Lol
Yeah I had to replay that a couple times. I seen your comment after. Say no more as to why the money is gone lol.
shit man
chowder193 lol im dying
LMFAO
if i won the lottery i'd not say a word and spend like a couple weeks in the hotel to think of a plan.
not everyone would know what i got.
aha hell yeah bro. I'd sit in that hotel and plot!
I have to give him credit for buying a house for his mother - first thing.
The rest? Well, it’s just really sad.
I hope that the rest of his life works out well.
Clearly a generous, caring man. Problem with people that way is they forget to look after themselves
Walker is a true hero and a very humble man.
being poor is not your income but your state of mind
always spent money as fast as he could make it, when he was poor and rich . but a man who makes 70k a year and invests and save religiously is wealthier than this man today.
"Some people are so poor, all they have is money"
- Bob Marley
SageoftheSixPaths what???
For this guy it's BOTH. LOL!
Whatever makes you guys feel better 🤙
Time less pieces that would last forever LOL that was the selling hook...
eblgraphics 😂😂😂😂
eblgraphics he got finessed
Bless this man. He was generous.
Proud of him! Pleases continue educating the new comers!
I lost $110 million dollars as well. Seemed to have misplaced it all.
If this guy was cut a check tomorrow for 10 million, he'd be back in this same situation within 6 months
Its funny how everyone seems to have all the answers! He made mistakes because he didn't know, he was young and wasn't thinking! Everyone commenting like they would've done better at a young age
I hope his story will inspire many other people..... to live within their means
It won't
Black Athletes will continue to go broke
It's not about living within your means. It's about telling other people "NO"! Mom, I'm not buying you a big house, you can stay at my corporate crib where I run my homebased businesses at.
@@socialpublisher123 what they need to say no to is the random women they impregnate then gotta fork out tens of thousands of dollars a month in CS.
They need to say no to flashy cars, jewelry, making it rain,
Like, I find it telling that would have the athlete in your example deny their mother a house but you don't mention the things the athletes waste money on thst definitely lands them broke
I used to do drugs...I still do, but I used to, too.
Mitch Hedberg!
Bert Flavio legend
This man is a hero for the economy. He is a super rich person who spent his money back into the economy. There needs to be more people like him. One person's savings is another person's debt. If Antoine had selfishly held onto and hoarded his money, then others won't be able to pay down their debts.
ahah so true but so funny
speding money at casinos and buying expensives watches manily helps those in the high end luxery market, a market which doesn't need to exist, he could have bought schools or hospitals
people who save thier money normally have it a bank or an invesmtnet fund, that money is then lent on to people to grow thier business, buy a house etc etc (i.e it is useful too)
Fred Falke still a loan. it's better to spend it than to lend it. That spent money becomes somebody else's savings so therefore the super rich doesn't need to have all that money in the bank and does the economy good when spending their excesses. Also, banks dont need your savings to lend. Banks loan first, then that loan becomes somebody's savings.
Where did his money come from? The humble American fans and ticketholders right? Isn't he just transferring the wealth of the people to exotic, luxury brand companies?
Young with money. Us as fathers have to teach are children about real estate and stock.
Ironically that's what got him broke if he simply sat on his cash he wouldn't have lost it but the real estate investments did him in. That said if he had been able to hold the properties he could have made a come back.
@@kevinjackson7125 how can you lose money on real estate lmao. buy properties cheap and rent them out. unless he was buying mansions and crap.
@@joys8634 Here's how. If you purchase during the mortgage crisis that is everyone getting mortgages but they're not necessarily qualified. These loans default their homes go into foreclosure causing property values to drop. The new house you just bought with built in equity now depreciates through no fault of your own.
@@kevinjackson7125 why would renters default on homes i'm renting to them lmao. no loan bud
@@joys8634 I wasn't talking about renters I'm talking about neighbors who have defaulted on their loans causing property values to go down .
I hope everything works out for you Mr Walker.