How to Go BROKE After Earning $100 Million | Adrian Peterson
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- čas přidán 18. 03. 2021
- Adrian Peterson has earned over $100 million in his career and is an example of what can go wrong with an athlete’s personal finances if he isn’t careful. Since he’s still signing contracts and playing into his late 30’s simply because he loves the game of football, he has surpassed $102 million in salary alone.
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Adrian Peterson recently received a lawsuit from Deangelo Vehicle Sales LLC for $8.2 million asking to pay back a loan that has not been paid. It highlights an issue with professional athletes that many of them face financial hardship during/after their playing days.
I remember when everyone said I looked like him, it was awesome. Now everyone is gonna assume I'm broke...awesome...
haha
😅
Nah we already assume you don't got Adrian Peterson money or can run over linebackers like him trust me you'll be ok
Stylish D@ you were already broke.
Bro get a job
Spencer, you're a monster for not warning Adrian when you had the golden opportunity.
He’s worse than Dan lok
@@bobbyshmurdashat205 no one is worst that Dan lok 🤣🤣
Yeah.
He should call all athletes which can go broke, and show them these videos.
@@kamalkumar1729 they are super arrogant to be honest. most of them actually, not all of them. they wont listen to you bro. 🤷🏽♂️
they wouldn't listen to him though
Earns US$ 100 million
People: Settled for life...next generation taken care of too.
Celebrities & Sportsters: Splurge through like there's no tomorrow & get under nose deep debt.
But I mean they were normal people before they got rich so... 🙄
They were normal people, they still are normal people. Most people go broke after winning the lottery, don’t play that
Because that’s what really happens when people get handed that much money. Everyone thinks they’ll be a master investor and saver. Very few actually will be.
@@e13kid A big part of investing/saving is discipline. If you don't have it, it doesn't matter what knowledge you have on finance.
Athletes are easy targets for shady advisors and Investors. Majority of them go broke because of people in suits and ties.
Raising *seed* capital for her business.
😆😆😆
Dude, when he said that the women might dig through the trash for the condom just to impregnate themselves with their baby...😶 I said nah, no human can be that desperate and sink that low 🤔 dam
@@luisguzman-bc1mk sperm jacker are worse bruh
@@luisguzman-bc1mk i think it was tennis player Boris Becker who was victim of that by a russian top model 😅
Man.. you’re brutal with a sense of humor. I love it
@@larrybird4812 clown 🤡
Wow 7 kids with 4 women, if he's struggling now imagine how hard it will be in 10 years when he's got no money coming in and 7 kids who wanna go to college.
"The only thing you can't do is make Dan Blizerian's ignite company profitable"
Shots fired!
they only care about losing all their money AFTER they've lost their money. they've got people yelling at them all the time to invest some of the money and they don't want to hear it.
They got people telling them all kinds of things, including investing in sketchy things
You forget that AP was supposedly swindled out of a bunch of money from shady investments and advisors. Unfortunately athletes are easy targets for athletes. Even Drew Brees went thru a bad stretch
Running backs have it the worst unfortunately, so many of them fall off so quickly due to the roughness of the game and they simply get released from the team.
Truth because they're getting tackled pretty much every time they get the ball they don't last very long and they're very expendable
who cares, they still get their signing bonus, it ain't hard to take half of it after taxes and put it in the stock market and let it sit.
@@zay_gzs5635 Also the hits from picking up the blitz during passing downs. That adds up too.
@@Kharmatos13 You should see the Bus video, it took the Bus for ever to walk upstairs in his home after a sunday game.It's not until late friday he starts to feel good then sunday game time again.I haven't see that video in years
But he still had 100 million and spent it
Adrian Peterson wasn't financially literate and had low self-esteem. That is why he spent his money on expensive luxury items and have 7 children with 5 women. Robert Kiyosaki teaching is clear and simple, rich people buy assets poor people buy liabilities.
As much as I disrespect Kiyosaki he nailed it
@@BassForever44 why you disrespect Kiyosaki?
Probably illiterate in a general sense, too, but pretty good at abusing toddlers by beating them with tree branches!
That was the only concept I really disliked Robert pushing. He wasn’t wrong, BUT if no one bought liabilities, there would be a SEVERE reduction of rich people, as well as some middle class and even lower class jobs and income. Monetary circulation is key.
In such videos rich definitely don't buy assets
The joke was amazing
Dude is broke just like us...hell yeah it is amazing
@@DM-lm5lw he still has more money than you
@@dopemusic6414 he still has more money than us 😂😂😂😂 dont act like you are rich..you are reading yt comments,so yeah...you are broke like me 😂😂😂
Exactly. Immediately I just said wow Spence that was a good one.
Ugh it was a sub par joke at best.
Indeed, it is sad when these millionaire athletes lose so much money. But then again, even rich athletes have never been trained in finances. Thanks for the interesting video! We can see that this area is one of your strengths!
Adrian Peterson didn't go broke because he bought silly things. He just couldn't keep it in his pants.
Very true, very true👍🏿
how much is child support? 1k a month for 18 years is $216,000. Paying that for 7 kids is 1.5 million. He could afford that easily. he probably was scammed or blew his money on dumb stuff.
@@JusdoinstuF his child support was much more than that. I would imagine it was over 70k a month
@@kurtiscommerce1092 well that would be a scam then cuz no damn kid needs 70k every month
@@JusdoinstuF multiple kids and it’s based off of ones income. Is it silly? Yes. But he is just as silly. One kid by “mistake”? Okay... I’ll give you that. But multiple... and continuing to not learn from your previous “mistake”? Zero sympathy. Just another clown
I feel sad, but I don't feel sorry for him. He had his chance and he blew it.
He blew it way more than once, if you know what I mean
hes a dude we cant be stopped lol
@@eneco3965 is this a gay joke??? I don’t get it
@@gold6759 it a cocaine joke
@@gold6759 it's an everything joke
"Invent a new meaning for raising seed capital" Lol I nearly choked on my water hearing that.
As many baby mommas as you do touchdowns 🤣🤣🤣🤣 SAVAGE!!!!!
Low key I did not know Shawn Bradley was paralyzed from a car crash 💥...... wishing him the best!
I love how frustrated you get at the terrible money management. It’s pretty annoying to have so many ideas for business rattling around in our heads and people are bouncing around with millions and can’t manage to invest 20% of it.
A problem many of these guys have is that they refuse to downgrade their lifestyle. They still live in big houses, drive expensive cars and party and spend a lot even though they're broke
Can they really downgrade their lifestyle if they can't sell their house, cars and they still have to pay child support with the amount they made in the past. The only solution is to wear a condom and poor that seed in the toilet and flush it.
And make too many babies!
People like Adrian Peterson make me feel better about my life...At least I didn't go through as much money as he did....
Everytine I watch these athlete financial videos I wish one of em would actually watch these. Just maybe I wouldn't have to keep seeing more and more black folk going from millionaires to bums.
There was a former minor league player who reacted to Spencer's video.
You'll never hear about the ones who are smart with there money. That's not interesting.
@@RecklessRusty its very interesting. But these outlets don't seem to think so. Not enough to highlight them more. They'd rather push the idiots who are loud with their money.
@@MrGrace definitely
I think it was Marshawn Lynch.
They said he never spent a dime of his NFL money.
Dan Bilzerian can’t catch a break 🤣🤣🤣🤣
"Raising seed capital for her business" lmao jeez
Man if I made $100 million I'd have half of it in an index fund mirroring the S&P 500.
Invest in WFG!
...after you gave uncle sam %45, and another 21% for the "jock" tax that you'll have to pay in each city that you play in...🤑🤑
How you think rappers like jay z and dr Dre became so rich investments because you won’t stay young and peoples taste for music changes like hinder said what you gonna do when life don’t feel like before nobody’s beating down your door
I have ocean-front property for sale on Kepler-452b! I bought it with the riches from the Nigerian Prince.
You should do a video on Antonio Cromartie 13 kids with 9 different women lol he even has 4 baby mama's living with him and his wife in a big house
You have got to be kidding me lol
I remember the jets gave him extra money in his contract for his baby mommas.
They paid him $500k in advance just to take care of his kids lmfao.
What an idiot
Geeeeeeeeeeeez lol
@@MikeBNumba6 They had a psychologist talk to Antonio about his sexual issues. The psychologist found out he cannot tell the difference between lust and character/personality love around women.
He had a vasectomy and still had like another 3.
Man, love the increase in sports financial content. This is your field to shine!!
Love the Dan Bilzerian shade.
The Bible says, “Open rebuke is better than secret love. Faithful are the wounds of a friend; but the kisses of an enemy are deceitful” (Pro. 27:5, 6
Funny
I'm not one for sports, but I always find finance and behavior going hand in hand, which makes me find these videos very entertaining. Keep it up!
Yes. Once money starts to pour in, All athletes do is date models, buy mansions, luxury cars and all kind of reckless spending.
This is indeed behavioural issue.
Same here
Some people live off of what AP pays a month in child support. That is absolutely ridiculous. However, it's his fault for not protecting his seed.
For some reason, this video is not under uploads. But is in the playlist "CZcams Financial Advisor."
We love mocking athletes for their financial short comings but what about the majority of us leaving paycheck to paycheck. If you blow through your 80k annual salary, you will most likely blow through millions of dollar income
I can't say I agree, most people just make enough to make it, Peterson could have bought mansions in Minnesota and Texas and banked millions every year off renting one out.
Make as many excuses as you want this guy blew a hundred million dollars. Blowing that much money is foolish no matter who you are period.
The funny thing regular people that criticize athletes or celebrities that go broke won't understand unless they came into a lot of money. Look at how many lottery winners used their money wisely. It's just common for people who either were in the middle or lower class to view money as something to get rid off as soon a possible.
100 mil is literally spending a mil from your birth to your death a year. and if you don't live to a 100 years, you have leftovers for your kids financial future.
I heard somewhere that Tony Parker is trying to educate fellow athletes about financial literacy, I hope the younger guys listen to his advice
Adrian Peterson is the best running back the nfl ever saw.
He is not a smart man though.
Walter Payton exists, ya know
Barry Sanders?
Are you kidding. Dude isn’t even in the top 10. Emmit smith, Walter Payton, Barry Sanders, Jim Brown, etc.
I will literally fight you over this
Net operating income doesn’t take into consideration numerous things. If you code something to special projects- leasing office furniture, new fitness equipment, parking lot repair, new irrigation system, etc. this does not take away from your NOI. Anything coded to special projects is generally an expense of 5k+. This adds up quickly. NOI doesn’t mean a lot in numerous circumstances.
The flat delivery of the jokes is brilliant
yea I would avoid Minneapolis for now...
forever
Seed capital! Such a way with words!
Two things that will make you broke overnight.. Divorce and children
Spencer, your subtle humor jabs are getting better and better!!!!
My favorite is Haagen Dazs, just to let you know:)
The biggest mistake is the mindset that if takes years to make it will take years to spend. I can spend $100 million dollars in six months if i tried.
No way you could that's a 100 million we talking about about now
@@terencejones4057 I Agree with you. Meaning, Yeah- People like us couldn't spend that much fast and feel Positive Results from it. On AP, I Love the Man! OKLAHOMA SOONERS Fan too here. I met ADRIAN PETERSON at the Ritz Carlton. He was nothing but Class.
@@terencejones4057 you can
Do you think it is a good idea to buy apartments for cash? I was watching Kiyosaki videos and he was recommending to use a loan.
It really depends on the interest in the loan/ how much interest you can get from your investments. If you can get a 5% loan and your investment make you 10% than yes definitely get a loan. But I it's a high interest loan then maybe you just pay it in cash
Money don’t make the man. The man make the money!!!!!
I remember being like 7 and already having the knowledge of knowing that if I had money I would buy my favorite restaurant because not only would I get free food but It would make me money so I would not have to work .. crazy how dumb these athletes really are with 100 mil..
Restaurants aren't big money makers for the most part. They can be but most go belly up in 3 years
Funniest video yet.
Found you the other week and been binge watching ever since. Awesome work. Thanks!
That Ignite burn though lol, just found your channel yesterday and I'm loving it
Cool video Spencer, but please keep reacting to the GQ My first Million videos, those are which I most enjoy watching.
Greetings from Spain.
Love your channel man. GO HOGS!!!!
The script writing just keeps getting better over time
every athlete should hire spencer as there financial advisor.
Moral of the story: THINK with THE RIGHT HEAD BRUH!!!😳
"It's easy for us to mock and laugh at the athletes who lose this much money..."
Yes, it is. ha ha ha 😂
BM: He gets my son in the summertime
AP: You mean “our” son right?
BM: ………….
AP: YOU MEAN “OUR” SON RIGHT?
And remember guys always flush the rubber down the toilet or either take it with YAH! 😉
Bless you Spencer you be dropping the sauce! I can't believe you held out on a brother man haha
its always sad to see family and friends taking advantage of these athletes, especially when theyve been taking a beating their whole career to earn that money like football players do
Can you do a video on an athlete that took all the right steps?
Jamal Mashburn
It’s amazing how money makes money
Lebron did it the smart way. He got the people close to him trained and qualified to help run his business. So the people he trusts the most are working for him and not just sponging off him.
It cost at least $250,000 minimum for a child to grow without health complications from age 0 to 18, but with their life style it probably cost more than million or two per kid.. no wonder they go broke after they retire from their career.
Bro your material is on 🔥
😂😂😂😂😂 Dan got thrown under the bus early damn💀
Love your vids bro ❤ 👌🏽 💙 🙌
Extremely good episode 👍🏼
First word people need to learn when they get money is NO......unless you get a return on YOUR MONEY don't give it out..unless a person was there with you every step of the way don't give YOUR MONEY....YOU DONT NEED 6 HOUSES OR 20 CARS.....
Just an excellent video all around. Keep it up spencer!
Great video! AP has always been fun to watch on the field. But kinda painful to watch off the field. My opinion is his talent got him too much leeway too early. My theory on his fumble-tude is that when his HS coach told him to carry a ball at school, and other players would try to get it (a standard response to fumbling), AP said "I ain't doing that, I'm AP!" Coach backed down, AP fumbles to this day!! And the TIMING of the fumbles!
I'm from Minneapolis and AP used to come to our club all the time and buy EVERY person (including staff) in the building a shot of patrón .... He was really nice and always respectful of us girls, I hope he gets everything in order.
How much did that cost ?
@@bruno5760 thousands of dollars 🙀
Never buy a Subway franchise. Ever
It's funny you say that I used to work at a subway, the owner had to franchises and both went out of business due to low profit margins.
@@kovarcoley8418 same
Bumping into big money without even basic financial education like most lottery winners
As a lifelong Houstonian it's so neat to hear about ur time running into Peterson near Richmond 😂
Subway isn’t the best investment advice looking back 😂
Lebron and Tom Brady are the opposite of so many pro athletes.
As a MN guy & Viking fan we know all about AP aka All Day. (and All Night you know what)
Texas fan!!! Instant subscriber! Go Horns!!! BTW.... loved ath @6:01 mark!
Texas has a really good football team😂😂😂😂
Your getting better with the quips each video. Keep up the good work.
Never trust a person who shills bitcoin when XRP is "the one."
The one in court lol
Dan bilzerain joke was amazing
Very funny and informative.
How you make 100 million but can only buy 13 million quarts of Dreyers Slow Churned 🤔🤣😭😭
3:05 Damn, Spence. You ain't pullin' punches! punches!
He's speaking facts tho
Very eye opening information. Good video Spencer.
Lol it almost feels it was personal.... almost 😂
Start your own brokerage, show them how it's done Spencer!
I love these videos!
Imma have to give french silk a try
You cannot get access because you are not able to get through the NFLPA. It is stringent and the requirements are beyond what most can do.
What are the brokerage firms that you would advise an athlete to use?
Athletes need to take notes from Gronk
Just love your videos!! He went into the gym business oh lawd help me!!!!
I knew you looked familiar I used to go to that 24hr fitness too! Lol
Nice! I used to live on chimney rock road right down the street haha
@@SpencerCornelia i used to live on voss and Westheimer and north post and i10. So I used to see Adrian Peterson at both gyms. The 24 on San Felipe and voss and the galleria one too. Ive seen little Boosie work out at the galleria location before
Bloomington apartment building yes. Fremont N building nope, unless you are fully committed to the community.
We need to team up and try to manage athlete money. Looks like they need a lot of guidance
Good Luck on his run with the Titans!!!!!
I’m from MN I’m not a Vikings fan but I really enjoyed watching him play. Go STEELERS!
You make really great videos
Spencer was on point with his sassiness this time
Spencer made such a great point. If you were such a star player and had some of these small restaurant bars or fast food places why wouldn't you do a once a month jersey and autograph signing. Or have multiple players come for lunch. Imagine how much beer and liquor you would sell. Instead of appearance fees just tell each patron to buy a drink at the bar and you can meet the players. I can think of several really big name players like Johnny Unitas who tried owning bowling alleys and small businesses and failed because of having bad managers people he trusted but didn't know how to run a business. So you do need the right people to run those operations. If they cash flow was positive for all these business I think you would just want to be the land lord and let the people running the place continue to operate as business as usual. If it ain't broke don't fix it just promote like Spencer said. Loved this video.