No one could have predicted the housing market crash least of all jocks. They took advice from professionals (one of which was attached to the nfl itself) so how is that "dumb?"
Between Allen Iverson and Antoine Walker, they pissed away a half billion dollars however, one executive at a sneaker company, whichever one AI promoted was psychic, he put $50 million in a trust that kicks in when he turns either 45 or 50, then $1 million per year is released in one lump sum.
Lack of financila education? lol, you can't teach that to vain people or people who act like they are the hotshots once they start making money. It happens in every part of society, not only with them dumbbrick minded players
Videohut: They teach u that stuff when u get into the nfl. They have a thing where they tell players how they should manage their money for safer future. Some people just can’t hold money, soon as they get some they gotta spend it, and some only spend money on what they need.
Kosar's money was pissed away by his own father. Watch his story and others on the ESPN 30 for 30 episode "Broke" This episode contained a great line by Herm Edwards " most players have champaign taste but only have beer money"
This has happened in many fields beside sports. This has happened in business, movies and music and even more including large lottery winners. Money is a "finite" thing and should be treated that way💸😢
Totally agree about this being the case in many fields of business, but the comment about money being “finite” is a fallacy. Now one may have a budget or spending limit, but to say that money is “finite” places a ceiling on your potential earnings and proves how stagnant one can become in life. This is all subjective. You can go from making 4k/mo. to 8k/mo. by switching occupations, you can double/triple that by making smart investments (real estate, stocks etc.) Long story short, the key is to never become content.
The NFL player who bought every seat on the plane just so he would be left alone sounds like a total genius. I wonder if he did it with restaurants and cinemas too 🤔
All humans are all failable Another commenter had put it correctly this not only happens in sports but also in business and the movie and entertainment sector too
They used publicly available information about who lost the most money. How the he ll can simply listing who lost most be raaaaacist? Please explain. I'll wait.
I guess you'd have to experience it for yourself what it's like having all that money. The temptation to just go crazy must be hard to curb. I'm seeking donations to try this experiment...😀
Ha ha ha ha ha ha Experiment ? So you want to be a Scientist ! Scientist chipper , don't forget to wear your safety goggles , you might put an eye out doing your experiment
True,to be good you can't worry about getting 10million instead of 20 million. You 100% have to love the game of football instead of using 1 hand to catch a ball just to show out, and not respecting your team.
I will help you with your experiment , just send me your credit card # expiry date and your full name as it appers on the front of your card oh and dont forget the 3 digit on the back then I can credit your account with a donation $$$$$$$$
@@thatgirlkells5505 I said most, as I have no idea whether all receive some form of pension. I believe it depends on certain factors for them to qualify.
Um, you watched the same video? Yea, having five hundred grand isn't broke, but when you have ten million in debt, well, that's where a problem comes in.
@@dyates6380 um. Nothing worse than someone who replies arguing about whether the other person was EXACTLY right. He was speaking in general about athletes that still have money to live on. Then you want to argue about specific people in the video. GET A LIFE.
I couldn't agree more! I'm sixty four and three quarters years old and will be retiring in three months. I have a fraction, make that a millifraction, of what these guys make in a year, and I switched to investing conservatively a few years ago and will be very comfortable within my wants and needs. I don't get it either.
Some people just can’t hold money, soon as they get some they got to spend it right away while others will save every penny and only buy what they need to survive and do what they do.
Hockey's Bobby Orr trusted his criminal agent, and was very close to being broke. He became a player agent himself, and has done very well. He learned some hard lessons, and now young players are getting the benefit of his lessons.
I placed a few 20 year deferred annuities for a top NFL player. After 20 years it starts paying out a monthly income for life. He was smart enough to know that he would probably just spend the money in his youth and not have the funds for retirement. That should be a rule for these young highly paid athletes.
@@nestoguevera1857 Apparently the degree or credentials never being applied. Another issue is allowing oneself to be approached by the “Uncle of a friend” who knows how to get rich quick.
I'm not surprised I once my a new nfl player after signing his contract went to red lobster. His party includes about 30 people and he took care of all the bills. I watched him get selected on tv that same day, we meet @ red lobster. 2 yrs later runned into him ( we live in the same neighborhood). He owed the biggest house in the block BBQ/Party every weekend with crazy numbers of people. I
@@stephenc2481restaurants in particular are an issue . I know I saw duece's restaurant in New Orleans. It was in the super ritzy hotel next to the one a conference I went to. It was EMPTY
@@stephenc2481These pro athletes don’t get near what their contracts say. They have agents that take their cut. Federal Income Taxes take a HUGE cut. Players have to pay State taxes in states that have State taxes. Family will drain you as will your ‘friends.’
5:42 I was having dinner at the Cheesecake Factory and the waitress was rude to me. My meal was 33.33. Somehow this chick charged my card to 1000.00. I was pissed. I called my bank and apparently I ordered the food about 33 times and they said I need to send them the receipt from the restaurant. So I had to call them so they can forward the receipt to my bank and then I finally got my money back. My commander was wondering why I was so angry that day. He gave me the rest of the day off. Plus we had just came back from Iraq.
@@icecreambeats101 Thank you and you family members for serving for this screwed up country. I'm always so emotional when I view homecoming videos. So full of gratitude and pride and joy of safe return home. Again thank you.
Character flaws play a large part. Money is just a means to provide for necessities, comforts and financial security for the future. Unfortunately many people who come from humble beginnings and become rich, do everything they can to get back to those humble beginnings.
So, Left Eye from TLC ex who house she burned to the ground is broke now working as a high school football coach and he's a Super bowl champ. Wow he probably has a lot of miserable days and nights
Bernie Kosar invested money into a gag gift fart machine back in 1992. The device sounded like the real thing and even would produce smoke which was referred to as “fart gas” and had a smell to it. It lasted about 5 months but was discontinued due to poor sales.
Sadly, anyone who was highly invested in RE in 2008 got creamed! I personally lived through that, lost everything, and have now recovered, but tat was not an experience I would wish on anyone!
Give me 70 million I wouldn't spend a dime except for paying all my school debt, house mortgage and the rest of my bills until I can speak my lawyer and financial advisor.
It's totally amazing how these guys such loose all the money. I believe you should never let family members or friend handle your finances. It will be a disaster. It looks like some the guys are bouncing back.
When and if you run into a lot of money,be wary of new friends and family members that you haven't heard from in years. It's really sad,but we all squander something in life, sometimes it's life itself.🙏
I have a friend who never loans money to friends & family, no matter who or why. I worked for Georgia Dept of Family Services for 27 years & the tales I could tell you about professional athletes owing money for back child support & allimony. It seems they knew how to get women pregnant, but then had no idea that child support was in the books for all those children they helped to produce. The sad part was when the mothers applied for welfare checks, medicaid & food stamps due to the dead beat daddies.
@@wethepplwhorblackerthanblu6442 you're right 👍 I'm is the Boss. Now you run along and be a good little boy or girl or whatever you want to self identify as today. Maybe you should identify as someone with a little sense. And don't forget to bruh sh your teeth.👀
Here's my thing... If I have millions of dollars in my bank accounts especially double digit millions, why risk losing it with investments? Hell I'm a multimillionaire What more would I really need financially?
@@maryheim-hancock8625 No it's the Inflated vanity " Look at me I'm somebody now b*tches I m styling I'm profiling I'm wilding now Yall wish yall could be like me and do how I do " Inflated Vanity It goes with the times and the society that we're living in right now
You don't go broke by spending a half billion dollars. You go broke from predatory every damn thing. He was robbed or manipulated out of that. Accountants steal it.
If it's true that he went from 650M to broke, there's absolutely no excuse, at least not in my mind. I was taught from youth, "spend some, save some." It's worked all of my life.
Clearly unaware of the buzzards, vultures and other birds or animals of prey in the form of one's own ignorance and ego and family, friends and financial advisors.
It's unfathomable to me that somebody with that much money could go broke. I mean by 50 acres. Build you a house right in the middle of it. A couple of cars. Put the rest in the bank. Live off the interest
Dude the interest is crap on a saving account. That’s way too conservative and many of these guys who went broke were way to speculative in there investments
Most of them have huge mansions, when they not working anymore the bills pile up. Estate taxes,utilities and the many cars. The IRS also come for their funds.
Dermontti Dawson spent a ton of money on a 41-year-old motor home (11:45)? No wonder he went broke with dumb purchases like that. Couldn't he find a newer model?
Yeah, commentator said 41-year-old motor home...These dudes' issues have been reported before, but I wonder about the integrity of some facts and numbers in this video.
i get that when you didn't have money growing up, the lure to get things is very high but from #10 to #1, those millions could have lasted a lifetime and been generational. property investments are only good if the market is good. a few luxuries a year is good but stay within a budget. no matter rich or poor, budgets are necessary.
Even if you put 3 million dollars in your savings account you get 4% interest wich is 120K back every year and you never go broke if you just leave off of that
Most stories I've heard about people with instant wealth have not been good. You inherit a lot of friends and people with sketchy plans to increase their wealth. Greed has done more than a few in.
How come these guys can file for bankruptcy because of child support debt? But some smuck who makes minimum wage cant file for bankruptcy and goes to jail. SMH.
Subscribe to be a millionaire!
►►SUBSCRIBE: bit.ly/Subscribe-to-TMP
No one could have predicted the housing market crash least of all jocks. They took advice from professionals (one of which was attached to the nfl itself) so how is that "dumb?"
Between Allen Iverson and Antoine Walker, they pissed away a half billion dollars however, one executive at a sneaker company, whichever one AI promoted was psychic, he put $50 million in a trust that kicks in when he turns either 45 or 50, then $1 million per year is released in one lump sum.
One simple thing some of them could have done to save a significant amount of money...
WEAR A CONDOM!
1000% AGREE, THAT'S EASY. 😀😀😀.
The 4 baby mama's is a regular for these dudes
Abstain from the evil temptations of the flesh in the name of Jesus. 😔
@@SeptemberChild1835 No
100% agree
With the way player salaries go up, you'll see a whole new top 10 list in a few years.
The real problem here is a lack of financial education. Why is this not taught in school?
These guys never stood a chance.
Exactly. I have nothing but respect and sympathy for all of them. Sheep amidst real wolves.
Lack of financila education? lol, you can't teach that to vain people or people who act like they are the hotshots once they start making money. It happens in every part of society, not only with them dumbbrick minded players
It's not taught in public schools.
Videohut: They teach u that stuff when u get into the nfl. They have a thing where they tell players how they should manage their money for safer future. Some people just can’t hold money, soon as they get some they gotta spend it, and some only spend money on what they need.
That’s very true if I had a better understanding about money things would be wonderful
Kosar's money was pissed away by his own father. Watch his story and others on the ESPN 30 for 30 episode "Broke" This episode contained a great line by Herm Edwards " most players have champaign taste but only have beer money"
What's surprising about Kosar is: he was a whiz in class, an Economics,major,,I believe..
CHAMPAGNE
This has happened in many fields beside sports. This has happened in business, movies and music and even more including large lottery winners. Money is a "finite" thing and should be treated that way💸😢
I bet it would be fun to piss away millions...I'd do it
🇰🇳🗽🏦💚🛠
Totally agree about this being the case in many fields of business, but the comment about money being “finite” is a fallacy. Now one may have a budget or spending limit, but to say that money is “finite” places a ceiling on your potential earnings and proves how stagnant one can become in life. This is all subjective. You can go from making 4k/mo. to 8k/mo. by switching occupations, you can double/triple that by making smart investments (real estate, stocks etc.) Long story short, the key is to never become content.
If you have even five million bucks why do you have to invest in anything?
@@carygray9831 is this a serious question?
The NFL player who bought every seat on the plane just so he would be left alone sounds like a total genius. I wonder if he did it with restaurants and cinemas too 🤔
What a dummy...lol
Don't make fun of the unfortunate my friend
I once paid someone a quarter so I could have a phone booth all to myself.
But I was pretty reckless with money in my youth.
@@ccdogpark well now you can pay anyone a quarter to laugh at your shenanigans
I can appreciate how diverse you made this list! No discrimination!
All humans are all failable
Another commenter had put it correctly this not only happens in sports but also in business and the movie and entertainment sector too
Stupidity has no boundaries
They used publicly available information about who lost the most money. How the he ll can simply listing who lost most be raaaaacist? Please explain. I'll wait.
I guess you'd have to experience it for yourself what it's like having all that money. The temptation to just go crazy must be hard to curb. I'm seeking donations to try this experiment...😀
Ha ha ha ha ha ha
Experiment ?
So you want to be a Scientist !
Scientist chipper , don't forget to wear your safety goggles , you might put an eye out doing your experiment
No way you make 650 mil and you don't invest or buy some sort of franchise.
Instead, find Jesus. 😔
True,to be good you can't worry about getting 10million instead of 20 million. You 100% have to love the game of football instead of using 1 hand to catch a ball just to show out, and not respecting your team.
I will help you with your experiment , just send me your credit card # expiry date and your full
name as it appers on the front of your card oh and dont forget the 3 digit on the back
then I can credit your account with a donation $$$$$$$$
TO lost $80 million dollars - damn
Most of these dudes are not completely broke. They still receive retirement benefits.
Facts, even OJ gets pension protection
@@theDudemanok
I believe o.j gets about $300,000 a year in pension from the nfl.
Piss on Biden and o.j. murderer simpson!
None of them are!!!
@@thatgirlkells5505 I said most, as I have no idea whether all receive some form of pension. I believe it depends on certain factors for them to qualify.
I'm sure that these people don't have alot of that money that they had years ago but I refuse to believe that they're broke.
Broke for these guys is only having hundreds of thousands not millions 😂😂
Very true. Good point.
Yeah, lol
Um, you watched the same video? Yea, having five hundred grand isn't broke, but when you have ten million in debt, well, that's where a problem comes in.
@@dyates6380 um. Nothing worse than someone who replies arguing about whether the other person was EXACTLY right. He was speaking in general about athletes that still have money to live on. Then you want to argue about specific people in the video. GET A LIFE.
Which means they are not completely broke and definitely not homeless!
Jordan's, weed,tattoos and white girls
I think it is crazy that guys that get paid more than enough money to last two lifetimes feel the need to "invest" in high risk investments.
Even when Clinton Portis had his money with league approved guys he still got screwed.
I couldn't agree more! I'm sixty four and three quarters years old and will be retiring in three months. I have a fraction, make that a millifraction, of what these guys make in a year, and I switched to investing conservatively a few years ago and will be very comfortable within my wants and needs. I don't get it either.
Most of the time they probably don't realize it it is a high risk investment
until after they have lost everything.
Some people just can’t hold money, soon as they get some they got to spend it right away while others will save every penny and only buy what they need to survive and do what they do.
Notice how none of these guys gets hired as a financial advisor?
I always hate when people think they got it all taken care of when they have money.
My parents have about 12 million. They share a Buick and live in a 2400 square foot house
Smart people that's how u suppose to do it 💯
It’s boring but smart being frugal is the best way to stay Rich
I need to ask you parents for a small loan or a tax write off..thanks In advance.
Lawrence Arnemann ,
I just want one dollar
From 12 million people
Hockey's Bobby Orr trusted his criminal agent, and was very close to being broke. He became a player agent himself, and has done very well. He learned some hard lessons, and now young players are getting the benefit of his lessons.
I placed a few 20 year deferred annuities for a top NFL player. After 20 years it starts paying out a monthly income for life. He was smart enough to know that he would probably just spend the money in his youth and not have the funds for retirement. That should be a rule for these young highly paid athletes.
“This is my house !” ( of cards) There has never been an IQ requirement to play in the NFL
Or any sport for that matter
Nope. Just a degree from an accredited university 🙄. I would argue Tesla had an extremely high IQ and guess what…he died broke.
@@nestoguevera1857 Apparently the degree or credentials never being applied. Another issue is allowing oneself to be approached by the “Uncle of a friend” who knows how to get rich quick.
I'm not surprised I once my a new nfl player after signing his contract went to red lobster. His party includes about 30 people and he took care of all the bills. I watched him get selected on tv that same day, we meet @ red lobster. 2 yrs later runned into him ( we live in the same neighborhood). He owed the biggest house in the block BBQ/Party every weekend with crazy numbers of people. I
Have you done a video on NBA players going broke? I’d like to see one of those videos. You could probably do a series on that one.
What’s amazing is that they didn’t lose it from splurging but actually tried to invest their money.
they should have invested with those that are proven successful. Most of these guys went with new ideas or starting something on their own.
@@stephenc2481restaurants in particular are an issue . I know I saw duece's restaurant in New Orleans. It was in the super ritzy hotel next to the one a conference I went to. It was EMPTY
@@stephenc2481These pro athletes don’t get near what their contracts say. They have agents that take their cut. Federal Income Taxes take a HUGE cut. Players have to pay State taxes in states that have State taxes. Family will drain you as will your ‘friends.’
Investing in drugs,guns,prostitution,numbers,etc……….
@@TravisMcGee151Biggest one is having multiple baby mamas. Those child support payments become pretty steep.
I love it. Just because you have money, doesn’t mean you’re smart. 🤪
5:42 I was having dinner at the Cheesecake Factory and the waitress was rude to me. My meal was 33.33. Somehow this chick charged my card to 1000.00. I was pissed. I called my bank and apparently I ordered the food about 33 times and they said I need to send them the receipt from the restaurant. So I had to call them so they can forward the receipt to my bank and then I finally got my money back. My commander was wondering why I was so angry that day. He gave me the rest of the day off. Plus we had just came back from Iraq.
Thank you for serving!
Peace in Jesus. 😔
@@readinglady thanks for the support. I’m retired now but it was a great adventure. Now 3 of my kids are serving.
Thank you.
@@icecreambeats101 Thank you and you family members for serving for this screwed up country. I'm always so emotional when I view homecoming videos. So full of gratitude and pride and joy of safe return home. Again thank you.
4 million is easy to burn in the 2020’s the age of social media
Character flaws play a large part. Money is just a means to provide for necessities, comforts and financial security for the future. Unfortunately many people who come from humble beginnings and become rich, do everything they can to get back to those humble beginnings.
So, Left Eye from TLC ex who house she burned to the ground is broke now working as a high school football coach and he's a Super bowl champ. Wow he probably has a lot of miserable days and nights
He made $20,000,000 in 11yrs
He bought 86 fancy expensive cars
Why because he’s a high school football coach now that makes no sense he probably living a more happier life than you
Naw he probably realizes how many problems come along with being a millionaire lol
He’s got to get an NFL pension ?
@@jkkennedy8919 You must be a children's coach. 🤣🤣🤣 Sensitive much? 🤣🤣🤣
Bernie Kosar invested money into a gag gift fart machine back in 1992. The device sounded like the real thing and even would produce smoke which was referred to as “fart gas” and had a smell to it. It lasted about 5 months but was discontinued due to poor sales.
Gee im surprise that didn’t sell much
@@tomstorm7926 didn't go to the tight neighborhood. Aim it at boys 8- 18..
Almost every bank note has a bird 🐦.....an indirect reminder that it can fly away.
With Dan Mario it truly wasn't his fault.
But at the same time he was making millions from his broadcasting.
Dan had a nice steakhouse in a commercial district in Fort Lauderdale in the early 2000s, who knows how much he invested into it.
It WAS HIS FAULT... It's called responsibility...
Hall of fame QB and calling him dumb.
his last name is Marino not Mario
Anyone with that much money who loses it are fools overall!
You got the bucks why invest? GREED. You can't trust anyone with YOUR money.
Great video 🤣👍.
Sapp never had 650 million! He has never been that good and never came close. He may have made 20million and that was 19 million too much
He really didn't
he was and still a crack head
You showed highlights of Mike Webster number 52 center for the Pittsburgh Steelers when you were doing the segment on Dermontii Dawson.
Poor old Mike Webster died broke also
Poor investments, child support, and alimony.
He lived out of his pickup and glued teeth back in with superglue
No one athlete on this planet deserves 100 million dollars period! Not to play games!
They get paid what the market dictates.
@@philcole7788 yes... yes... yes... I concur! Definitely... it was started by ARod... correct?
@@chuckd1586 it started with TV money for the AFL back in the 1960’s….then Joe Namath gets 400k as a top draft pick….open the floodgates."
@@brianjones7660
Yes... ty
@@chuckd1586 👍
Why did you put Warren Sapp on the cover and didn’t mention him, really 👀🤔
They don't know the meaning of what you call save. And invest.
OOH they DID alot of investing alright
BUT NOOO saving
80m$ in real estate? Half in an annuity you’re good oh and see a doctor for a vasectomy. My non financial advisor advice. Your welcome.
I hope someone was going to talk about 12 kids. Damn!
$$$ friends and family business don’t mix.
AMEN!
@@salaciouscrumb8705 exactly they keep expecting freebies.
Dermonti Dawson WHO is he? You showed him being a QB & then said he was an offensive lineman? SMDH!
Sadly, anyone who was highly invested in RE in 2008 got creamed! I personally lived through that, lost everything, and have now recovered, but tat was not an experience I would wish on anyone!
Give me 70 million I wouldn't spend a dime except for paying all my school debt, house mortgage and the rest of my bills until I can speak my lawyer and financial advisor.
It's totally amazing how these guys such loose all the money. I believe you should never let family members or friend handle your finances. It will be a disaster. It looks like some the guys are bouncing back.
When and if you run into a lot of money,be wary of new friends and family members that you haven't heard from in years.
It's really sad,but we all squander something in life, sometimes it's life itself.🙏
I have a friend who never loans money to friends & family, no matter who or why. I worked for Georgia Dept of Family Services for 27 years & the tales I could tell you about professional athletes owing money for back child support & allimony. It seems they knew how to get women pregnant, but then had no idea that child support was in the books for all those children they helped to produce. The sad part was when the mothers applied for welfare checks, medicaid & food stamps due to the dead beat daddies.
@@danhutson3460 The women get pregnant by themselves.
@@curtisbrown5939 It takes 2 to Tango boss
@@wethepplwhorblackerthanblu6442 you're right 👍 I'm is the Boss.
Now you run along and be a good little boy or girl or whatever you want to self identify as today. Maybe you should identify as someone with a little sense.
And don't forget to bruh sh your teeth.👀
If the NFL gave two shits about their players, they'd take 10% of their salaries and give them a pension once they retire from football.
Its the nfl fault grown men cant manage their money.
Players union won't allow it and they get a pension. It's nobody's fault but your own if you can't handle yourself
11:45 you said 41 year old motor home. But you meant 41 foot long motor home 😊
Here's my thing... If I have millions of dollars in my bank accounts especially double digit millions, why risk losing it with investments? Hell I'm a multimillionaire What more would I really need financially?
Greed! You need more more more
@@maryheim-hancock8625 No it's the Inflated vanity
" Look at me I'm somebody now b*tches I m styling I'm profiling I'm wilding now Yall wish yall could be like me and do how I do "
Inflated Vanity It goes with the times and the society that we're living in right now
You don't go broke by spending a half billion dollars. You go broke from predatory every damn thing. He was robbed or manipulated out of that. Accountants steal it.
7:15 “Mario’s favor.” Marino not Mario.
Also he didn’t score 420 touchdowns
He threw for 420 touchdowns.
Who is writing this crap ?
Don’t feel sorry for Marino. No matter which way I bet him I lost.
Lmao 😂
Satan deceives. Jesus saves. 😔
I'm confused...when you mentioned Dermonti Dawson...you showed..Mike webster??Webster??? Why??
I thought Jamarcus Russel would be on that list for sure at #1 🤣
He'll be on a list of The Biggest NFL Heist!
Warren Sapp loves to criticize ppl, but look at his situation 🧐
SAPP went to Miami. That's all I need to know...
@@tomreedyjr3631 Sapp is a moron
"Football is a national pastime in American..." first clip shown, a Canadian football highlight...😆
These guys are getting screwed by their own advisors managers and lawyers. Its impossible to lose it all on real estate.
When I saw Terrell Owens on "Iyanla: Fix My Life", I was like, "WTF..."
Only Jesus can fix a life. 😔
@@SeptemberChild1835 praise the Lord.
Never under any circumstance underestimate the power of stupidity.
Some people just can't manage money
Nah, some people just can’t say no.
If it's true that he went from 650M to broke, there's absolutely no excuse, at least not in my mind.
I was taught from youth, "spend some, save some."
It's worked all of my life.
NONE of these Players are dumb.
It's a 50/50 shot any investment will be successful. You have to invest 💰to make💰.
Doesn't surprise me at all. As soon as you know they're American theres your answer
Glynn Williams wym by that
Bernie Kosar said it best when you have no money the phone stops ringing and people don't come around as much .
Where did he got 300k while in college?
Clearly unaware of the buzzards, vultures and other birds or animals of prey in the form of one's own ignorance and ego and family, friends and financial advisors.
Please copy right this and make some tee shots
Sapp never made no 650 million lol wtf
😵💫🥴
He wasn’t in the video either
LOL..."The 41 year old motor home" Now that's funny:)
And the lesson here. Real estate will bankrupt you in a quick minute!
And restaurants..if you dont place it in the right spot..
Its amazing still to see the amount of money.....and yet...broke
I thought Warren Sapp would be on here and several more recent players
It's unfathomable to me that somebody with that much money could go broke. I mean by 50 acres. Build you a house right in the middle of it. A couple of cars. Put the rest in the bank. Live off the interest
Dude the interest is crap on a saving account. That’s way too conservative and many of these guys who went broke were way to speculative in there investments
There's a big difference between being rich and being wealthy.
These athletes were just rich.
not really, wealthy people were once rich. it where you choose to get off
Exactly
Most of them have huge mansions, when they not working anymore the bills pile up. Estate taxes,utilities and the many cars. The IRS also come for their funds.
Some of these guys can't pay for their own funerals when they pass away.
These players ain't broke they got the NFL pension
Dermontti Dawson spent a ton of money on a 41-year-old motor home (11:45)? No wonder he went broke with dumb purchases like that. Couldn't he find a newer model?
It was a 41 foot motorhome, not 41 year old one...
Yeah, commentator said 41-year-old motor home...These dudes' issues have been reported before, but I wonder about the integrity of some facts and numbers in this video.
What about Dave Meggett who’s in prison in South Carolina
I'm fukin dying 😭 🤣 a convertible beetle
I've had my fill of these text to voice narrations.
i get that when you didn't have money growing up, the lure to get things is very high but from #10 to #1, those millions could have lasted a lifetime and been generational. property investments are only good if the market is good. a few luxuries a year is good but stay within a budget. no matter rich or poor, budgets are necessary.
I guess Shaq is lucky with all his investments
ENDORSEMENTS!!!
not lucky smart. Shaq said one time that he refuses to attach his name on anything that he himself would not use
@@mattalan6618That must have been the reason for the absence of suntan oil.😅
You have a video for the nba? Or soccer?
This is another example of WHY I am going to do what I'm attempting to do. Game on!
Let me guess...don’t go broke? 😂
How is Adrian Peterson not on this list? He's made over $100 million and claims to be at least 10 million in debt already.
Even if you put 3 million dollars in your savings account you get 4% interest wich is 120K back every year and you never go broke if you just leave off of that
ok if you lose 4 million dollars and you still got money you not broke
Most, if not all these dudes receive a pension. They are not completely broke. They are most likely doing better than most people who are working.
If he's got 12 children with one woman, that's absolutely different.
$15K at cheesecake factory wasn't racked up on food. It was racked up on alcohol.
Warren Sapp did not make anywhere close to $650M!!!!
Dont know where they got that number..thats when i stopped the video tss
@@RM-pg4js 🤣😂🤣
Seems like there's always finance sharks waiting to feed off of these millionaires.
Most stories I've heard about people with instant wealth have not been good. You inherit a lot of friends and people with sketchy plans to increase their wealth. Greed has done more than a few in.
Yes sir
Would have come out about the same if they put the money under their mattress.
It's difficult to feel sorry for those who go broke through profligate spending.
😆😆😆😆 Warren Sapp's net worth was never even remotely close to $650M.
maybe collectively is what he was suggesting
@@almadeunrebel Collectively? Name a football player past or present who has/had a network of $650M. You can't.
@@dmints1632 i mean collectively as in everyone in this video…that totals 650M’s
@@almadeunrebel No. COLLECTIVELY, the total amount of money lost between all those featured in the video was $282.9M. No where near $650M.
How come these guys can file for bankruptcy because of child support debt? But some smuck who makes minimum wage cant file for bankruptcy and goes to jail.
SMH.
Don’t go into debt. No loans. No payments. No contracts. No owing anyone ANYTHING.
A fool and his money is easily parted.too much money too
much fame too soon.
Why they put Sapp's picture on here? He has investments and is far from broke🙄