You should do one on Chamillionaire. The rapper from the mid-2000's. He made some money from rap and then became an investor. It's fascinating to me to hear these stories. Both the good and the bad.
I would love to see you do one on Tim Duncan. He is an athlete who did it right. Even after getting screwed by a sketchy advisor out of $21m he was completely fine because he had invested so wisely.
@@noblealyo297 its self explanatory 😅 it means you *DONT* have to take unneccessary risk. In other words with that volume of cash- conservative investment will yield great returns
@@justncredible1473 i think it was episcopal high in jax … every time i pass a whataburger i think of mark we still love him in duuuuuvvvallll and always will
I know that it must always be tempting to leverage one's assets to make them work harder for you but honestly if I had 50 mill I'd be happy just having most of it sitting in cash / low-risk bonds and ringfencing a small amount, maybe 10%, for generating a more substantial, yet riskier, return. Going from 50m to bankrupt is madness.
He probably had ambitions to try and get into hundreds of millions in his lifetime so he went for the more aggressive, and higher risk, investments. Like you, I probably wouldn’t do that either, not without first being out of the sport so I could focus closely on what I was doing and what would work best.
@@shitmandood yeah, everyone wants to be the big dog. And I suspect that those who come from a highly competitive background such as professional sport are more susceptible to this.
Im actually happy you're also doing these ''had the right intentions and did it wrong'' kind of video. Because for so many NFL player video's you made, you've made it clear what not to do, as in dont even try. Now putting into light what not to do even if you go towards the path of success. But what I'll never understand about these players, even if they are set for life. Why not set aside like 5mil in a retirement account. Or Fuck it just a mil, and buy a house outright so you have minimal expenses. Then you could still yolo fuckup everything else and not care.
Makes me wonder why more athletes don't put 1 to 5 million in an off shore account like the Cayman Islands or Switzerland in case they do go broke and blow everything and have to file chapter 11 in the States. seems like a no brainer decision to me. Especially for those athletes gifted enough to get to the 2nd contract.
You'll be surprised how many countless athletes come to my bars and nightclubs and they have stories about how they tried to operate and own their own restaurants, bars and other hospitality sectors, some had no clue in understanding the business model and the pillars that drive a successful company. Example: Operating costs, Quality of service (Employees), the types of food the restaurant will be servicing, Innovation, how much money is being wasted on liquor waste, etc. It's mind-blowing🤯🤯🤯
@@nickodemusjohnson the problem is people with expertise and experience like you want to keep everything in-house instead of leveraging these athletes assets.
Liked this one because the last bit is HUGE. There's another bit to this that unless I'm wrong, thought was really nice. This guy went through it back then with this. It was embarrassing and difficult for him and his family. He was in over his head, hemorrhaging money and clearly got awful advice. I have sympathy for these guys. But anyways, what I think is interesting is that he's working... he sounds good - and you know something? His wife stuck by him through it. I don't know the details, sure it wasn't easy and probably friction, but at that low point it seems they came out of it together. I believe he bought a house maybe 6 years ago, so that's not too long after this, and it wasn't a cheap house (over 1.3 mill). He had some help. But the thing is... he got past his pride and got it.
Great post JayB. I also think he was trying to do the right thing with his money. Just trusted the wrong people and got bad advice. It could happen to anyone and even happens to those NBA players who are trying to improve their communities. Running a profitable business is not easy. He must have been well liked and respected to be in the league that long and probably made a ton of lasting friendships and connections with people who could help him out. Just bad timing. The expenses that Spencer points out seem to be really high compared to his income so I wonder if they should have had the kids in private schools or what shopping habbits his wife had. But they were not driving expensive sports cars. Maybe he had country club fees or memberships that ate up money as well. You never know.
Man, quotes like this at 6:20 is why I feel your videos also teach real-life lessons for regularly people too. Don’t take on MORE than you can HANDLE immediately. You’re just building yourself up for a lifetime of debt
This just shows the importance of risk tolerance and making sure that your investments have the right risk level for you. Sounds like Mark Brunell had 100% of his investment in high risk endeavors and they bust. He belongs on WSB.
Same for: Shaq, Kobe, Michael Jordan, Larry Fitzgerald, and Marshawn Lynch,@@SpencerCornelia . I'd love to hear of how smart those guys were with their earnings.
Great Video! Very interesting story this one. Kind of feel bad for him. He seems different than the flashy lifestyle athlete and still got wrecked. Shows that it can happen to anyone.
dude, these days when I show up, I like the video before even watching it because I know it will be solid! Been watching you grow for a minute bro, you are KILLING IT!!
Wow thats wild... I feel sorry for that dude. There aren't always winners in business. He thought he was doing the right thing with his money. Thanks for the video Spencer!
Spencer, I’m so glad you going after these loser you tube gurus! My philosophy has always been that if your really that good at what you claim you are good at, then you wouldn’t be out there soliciting yourself. The biggest wannabe guru in my opinion is Manny Khoshbin. His MO is his car collection, he drops a stupid pointless video once a week showcasing his cars, then plugs his Realestate courses. (Which can run you up to 50k for a weekend exclusive elite course.) people don’t understand that a serious Legitimate real estate investor wouldn’t solicit like he does. He makes his money off these lame courses and monthly subscriptions he offers. Have you looked into him? What are your thoughts on exposing him? Keep up the great content!
I like to take a moment, thank you Spencer for all that you've done. You're helping alot us see the fakes for what they are, saving people time and money.👍❤
Lol I agree why deal with the stress of real estate investing when you made 50 million dollars in your career? At a certain point convienience and peace of mind should overtake what ever potential gains you could make running risky investments.
Everything that’s really worthwhile in life came to us free; our mind, our soul, our body, our hopes, our dreams, our ambitions, our intelligence, our love of family and children and friends. All these priceless possessions are free, but the things that cost us money are actually very cheap and can be replaced at any time.
He was also part of a weird religious group too. They love to get their hooks into people with money. I've seen it with people involved in church groups who've sold businesses, suddenly there are people appearing with great investment ideas and they use the god shield to try and wave away due diligence on things that are clearly scammy.
Oh, the late 00's. It was the best of times, it was the worst of times. Loved it. Saw the whole world implode from the Middle East and was busier than ever in building mega-mansions.
Thank you for still making this series, I've watched many of your Go Broke series and realized how reckless my spendings are in the past and I'm not even an athlete. I'm scared of my own future so I'm currently trying to control the urge to spend money and slowly investing in Mutual Funds.
good episode, it’s always good when they look out for people not being irresponsible, he did everything right, except for the not buying cash, but it was a trend and know way he could have known, but the government is to be blamed, they been tanking the economy throughout all history, which was another cycle in 2008. he didn’t gable it, drink it away or waste it on drugs, so i always feel bad when it happens to people like this, that are hard working and trying to do it the right way. i work hard, and i don’t get what i’m supposed to, i see people begging and most are drug addicts and alcoholics, i can’t afford to pay for anyone to party, but you see millionaires that are from the hood doing the same thing, partying away the money, on the same thing, and eventually it could be their at the same circumstance with the poor addicts. it’s crazy. those kinds of pitfalls don’t judge, and anyone can end up there: this show should spread like wild fire to at least provide some incite into what people can easily end up face.
If this comment is serious, take Spencer’s advice. One you get rich, you don’t have to get rich again. Don’t look for high yielding guarantees. They generally don’t exist.
I blew $35k in bad investments because I wanted to turn $35k into $100k... If I had $50 million, I WOULDN'T BUY ANY RISK-ON ASSETS!!! Low risk, 8 - 15% apy in returns on the investments, and you and your kids and grandkids are set for life.
It is easy to get large commercial loans for commercial real estate without a PG (Personal Guarantee). Most large commercial loans for properties like hotels are called non-recourse, which means if the hotel owner can't pay the loan, they just give the property back and the lender can't go after the borrower for the loss. These loans can be had up to 90% LTV and are amortized over 30 years to make the monthly payment affordable, but come with a non-negotiable balloon payment every 5 or 7 years where the borrower MUST refinance the property. Commercial real estate is an ENTIRELY different ballgame than residential real estate and you can get in big trouble if you don't know what you are doing.
The Chainsmokers took a break from releasing music after being dominant from 2015-2018 to go full time on angel investing for tech companies and it looks like they've been killing it. maybe worth a look for a vid
Attempting to see how I can use this same sentence but using my Cleveland Browns instead of your Jags! With your permission of course! Interesting fact- I was at the game between the Browns and the visiting Jaguars back in 2001 when due to some questionable officiating began to rain beer bottles on the field! Of course sitting in the front row 50 yd seats on Jaguars sideline did not help me. Poor arm throw strength from the higher deck essentially meant that most of the bottles thrown missed the field and landed in and around rows 1-5! Yikes! As an Ohio State football fan all I can say is I hope your next coach will lead to more success. Good luck this season.
A lot of it is peer pressure. All of your coworkers are driving Bentleys and living in mansions. You don’t want to be the one pulling up to practice in a Corolla. The guys push each other to flex, and it has disastrous consequences.
Even though Private Wealth Management fees are expensive, it is probably worth it for many of these athletes to give their money to Goldman Sachs, JP Morgan etc. to handle their financial affairs and aim for a low to moderate return. Or, just park the money in CDIs.
I feel like having a normal income compared to having millions and going broke is a lot worse, you feel like failure because you had such a lavish lifestyle before. When you never had that, you just live very modesty.
Professional sports with this kind of money need to do a yearly pay check for life so that they cannot go broke even with poor management. A life time monthly or yearly check out of the total contract this would stop them from going broke
Would it though? I think they'd still get into trouble with annuities, loans, child support, spousal support, etc. NFL needs to set them up with financial advisors
They do have to pay tax to the state they played a game in though. Play in ATL this week? Pay state tax for that paycheck to GA. It's weird, I know. So while playing home games in FLA didn't make him pay tax, other states that have a state tax would. I bet tax time for NFL players is a nightmare lol Good video!! Sad story about Mark, but glad he's turning it around.
My dad retired his cement pouring company last year but we were doing bank of america's in the sf bay...basically every location was six figures pay check but the bank waited almost a whole year to pay after each job
@@GoldenGod69 dang i feel you, i used to deal with these bigger "brands, banks, entities". Straight nightmare. "we don't have a credit card to pay with" LOL
@@Thiiink yup they can be as late as they want. But god forbid you don’t pay the bank back for almost year because “you don’t have the funds” see how that one goes😂
100% untrue about quarterbacks, where do most of the kids in the NFL come from? That's the deciding factor of them going broke. Thumbs up for the video though.
It is interesting to think about what larger than life people or businesses are currently involved in a Ponzi like scheme. Follow the money. Which ones are yet to be found out as of now?
You should do the MIKE TYSON/50 CENT home. Tyson bought this massive house redid it. Went broke sold it 50 cent at .75 cents on dollar. Every said 50 was a smart. 10 years later 50 cent sold it .75 cents on dollar. Both lost a truck load.
![[MV] A leap of faith...ความเชื่อใจครั้งสุดท้าย (From "Petrichor the series")](http://i.ytimg.com/vi/U1piZH2CNXA/mqdefault.jpg)
![[TH] 2024 PMGC League | Survival Stage วันที่ 1 | PUBG MOBILE Global Championship](http://i.ytimg.com/vi/FVFT-PFwU80/mqdefault.jpg)
You should do one on Chamillionaire. The rapper from the mid-2000's. He made some money from rap and then became an investor. It's fascinating to me to hear these stories. Both the good and the bad.
Wow I didn’t know he became an investor
Yeah I read about this a couple years ago. Apparently Chamillionare was really smart/responsible with his money.
He made tons from the riding dirty ring tone
Yeah last I heard he was absolutely loaded and made incredibly shrewd investment choices
so he says. but his app was trash.
Always remember rule #1 of pro athlete money. Spend as little as possible until that second contract!
I would love to see you do one on Tim Duncan. He is an athlete who did it right. Even after getting screwed by a sketchy advisor out of $21m he was completely fine because he had invested so wisely.
Yeah but he earned nearly $330 million in NBA salary alone not including endorsements. So a much larger room for error
@@MalevolentElephant Very true but he spent very wisely as well and always invested. Said he learned from David Robinson.
Shaq did it right too
@@k98sportz16 shaq went fuckin stupid & is still goin stupid 🔥
@@ggsean1096 ✅✅✅
"Once you get rich, you don't have to get rich again." Wise words.
Exactly ... i think some take the "grow your money" ... "let it work for you" too literally
Damn that’s a cold line .
Very unwise, should be once you get rich you have to stay rich
@@noblealyo297 its self explanatory 😅 it means you *DONT* have to take unneccessary risk. In other words with that volume of cash- conservative investment will yield great returns
THIS...I don't understand how someone earns 50million dollars and all of a sudden they want to become professional investors.
Lmao he coached Football at my HS, he made a lot of jokes on his money management skills
What high-school?? His dad was my coach in high-school and his brother was my math teacher..
@@justncredible1473 i think it was episcopal high in jax … every time i pass a whataburger i think of mark we still love him in duuuuuvvvallll and always will
Mark Brunell was cold back in the day. The Jags were legitimate contender back then.
jimmy smith WR1
I know that it must always be tempting to leverage one's assets to make them work harder for you but honestly if I had 50 mill I'd be happy just having most of it sitting in cash / low-risk bonds and ringfencing a small amount, maybe 10%, for generating a more substantial, yet riskier, return. Going from 50m to bankrupt is madness.
He probably had ambitions to try and get into hundreds of millions in his lifetime so he went for the more aggressive, and higher risk, investments. Like you, I probably wouldn’t do that either, not without first being out of the sport so I could focus closely on what I was doing and what would work best.
Damn ur on point my guy. Never would I go broke with 4 mil. Let alone 50.
I’d just live on interest and buy something cool every once in awhile.
@@kvltizt exactly! 50 mill is more than enough if you live like a regular person and don’t spend money on things you don’t need
@@shitmandood yeah, everyone wants to be the big dog. And I suspect that those who come from a highly competitive background such as professional sport are more susceptible to this.
Im actually happy you're also doing these ''had the right intentions and did it wrong'' kind of video. Because for so many NFL player video's you made, you've made it clear what not to do, as in dont even try. Now putting into light what not to do even if you go towards the path of success. But what I'll never understand about these players, even if they are set for life. Why not set aside like 5mil in a retirement account. Or Fuck it just a mil, and buy a house outright so you have minimal expenses. Then you could still yolo fuckup everything else and not care.
Makes me wonder why more athletes don't put 1 to 5 million in an off shore account like the Cayman Islands or Switzerland in case they do go broke and blow everything and have to file chapter 11 in the States. seems like a no brainer decision to me. Especially for those athletes gifted enough to get to the 2nd contract.
I missed these athletes videos. A good palate Cleanser from all these loser fake gurus. At least these athletes made their money honestly
I remember being a kid in 1999 and getting a Reversible Mark Brunell Jersey for Xmas.
I bet he wishes he could Reverse his financial situation now.
@@tbprofile1295 lmfao!
I changed his cars oil in the 90s when he was a Jag. He's a good guy, this is sad to see.
Refreshing to see that "financial illiteracy " among athletes is an equal opportunity hitter .
You'll be surprised how many countless athletes come to my bars and nightclubs and they have stories about how they tried to operate and own their own restaurants, bars and other hospitality sectors, some had no clue in understanding the business model and the pillars that drive a successful company. Example: Operating costs, Quality of service (Employees), the types of food the restaurant will be servicing, Innovation, how much money is being wasted on liquor waste, etc. It's mind-blowing🤯🤯🤯
@@nickodemusjohnson the problem is people with expertise and experience like you want to keep everything in-house instead of leveraging these athletes assets.
Liked this one because the last bit is HUGE. There's another bit to this that unless I'm wrong, thought was really nice. This guy went through it back then with this. It was embarrassing and difficult for him and his family. He was in over his head, hemorrhaging money and clearly got awful advice. I have sympathy for these guys. But anyways, what I think is interesting is that he's working... he sounds good - and you know something? His wife stuck by him through it. I don't know the details, sure it wasn't easy and probably friction, but at that low point it seems they came out of it together. I believe he bought a house maybe 6 years ago, so that's not too long after this, and it wasn't a cheap house (over 1.3 mill). He had some help. But the thing is... he got past his pride and got it.
Great post JayB. I also think he was trying to do the right thing with his money. Just trusted the wrong people and got bad advice. It could happen to anyone and even happens to those NBA players who are trying to improve their communities. Running a profitable business is not easy. He must have been well liked and respected to be in the league that long and probably made a ton of lasting friendships and connections with people who could help him out. Just bad timing. The expenses that Spencer points out seem to be really high compared to his income so I wonder if they should have had the kids in private schools or what shopping habbits his wife had. But they were not driving expensive sports cars. Maybe he had country club fees or memberships that ate up money as well. You never know.
Man, quotes like this at 6:20 is why I feel your videos also teach real-life lessons for regularly people too. Don’t take on MORE than you can HANDLE immediately. You’re just building yourself up for a lifetime of debt
That explains why I saw Mark Brunell doing autograph signings at the local Baskin Robbins
lol "you can't make this up"
Every time he said “water burger” I wanted to yell at my screen 😂😂
This just shows the importance of risk tolerance and making sure that your investments have the right risk level for you. Sounds like Mark Brunell had 100% of his investment in high risk endeavors and they bust. He belongs on WSB.
Wow.. 17 year playing career. Played until he was 40 and was broke before he hit 50. Nuts
Mike Tyson lost 300mil how is that even possible
I wonder if half of that money went to Robin Givens in their divorce settlement.
Don king
Hi Spencer, can you do one for chamillionaire, he was a rapper turn tech investor/mogul...pretty sure you would find his transition quite interesting.
I had him on the list for awhile. Never got around to it. For sure an interesting story
@@SpencerCornelia hi Spencer
Same for:
Shaq, Kobe, Michael Jordan, Larry Fitzgerald, and Marshawn Lynch,@@SpencerCornelia .
I'd love to hear of how smart those guys were with their earnings.
Hey Spencer check out your boy Mrs organics new cap video, it's hilarious
I just seen it lol
He is just clout chasing now
Great Video! Very interesting story this one. Kind of feel bad for him. He seems different than the flashy lifestyle athlete and still got wrecked. Shows that it can happen to anyone.
dude, these days when I show up, I like the video before even watching it because I know it will be solid! Been watching you grow for a minute bro, you are KILLING IT!!
That house in ponte vedra is probably worth like 8-9 M, PV is my hometown, real estate prices on Ponte Vedra boulevard have been going sky high.
kid,,,you are the smoothest talker that sounds very professional ,,,the costa boys are new fans
Wow thats wild... I feel sorry for that dude. There aren't always winners in business. He thought he was doing the right thing with his money. Thanks for the video Spencer!
Spencer, I’m so glad you going after these loser you tube gurus!
My philosophy has always been that if your really that good at what you claim you are good at, then you wouldn’t be out there soliciting yourself. The biggest wannabe guru in my opinion is Manny Khoshbin. His MO is his car collection, he drops a stupid pointless video once a week showcasing his cars, then plugs his Realestate courses. (Which can run you up to 50k for a weekend exclusive elite course.) people don’t understand that a serious Legitimate real estate investor wouldn’t solicit like he does. He makes his money off these lame courses and monthly subscriptions he offers. Have you looked into him? What are your thoughts on exposing him?
Keep up the great content!
Thanks for providing great content week after week. I don’t know how you do it
I like to take a moment, thank you Spencer for all that you've done.
You're helping alot us see the fakes for what they are, saving people time and money.👍❤
Hi Spencer, love your videos! Keep it up man.
Love this channel 😍
Damn being too trusting. What a way to lose it.
The sad thing is that if they just invested into an index fund like VTSAX or VTI they would be set for life...
it doesn't need to be any more complicated than that haha
Lol I agree why deal with the stress of real estate investing when you made 50 million dollars in your career?
At a certain point convienience and peace of mind should overtake what ever potential gains you could make running risky investments.
Or something safe like shiva inu?
Making money is addictive.Combine that with plenty of people in your ear telling you how you can double your money within a couple of years.
Making money can be addictive.Combine that with plenty of people in your ear telling you how you can double your money within a couple of years.
your channel deserves more views and subs, something is wrong with the TH-cam algorithm
And Mark Brunnell played forever just getting a check for sitting on the bench.
Good backups are hard to find it was a good investment by the teams at a low cost return
@@bartsullivan4866 fair pont
Way back to the jets on hard knocks
Everything that’s really worthwhile in life came to us free; our mind, our soul, our body, our hopes, our dreams, our ambitions, our intelligence, our love of family and children and friends. All these priceless possessions are free, but the things that cost us money are actually very cheap and can be replaced at any time.
You'll be doing A piece on Ben Simmons in 5 years
Sad............ But true
He was also part of a weird religious group too. They love to get their hooks into people with money. I've seen it with people involved in church groups who've sold businesses, suddenly there are people appearing with great investment ideas and they use the god shield to try and wave away due diligence on things that are clearly scammy.
Oh, the late 00's. It was the best of times, it was the worst of times. Loved it. Saw the whole world implode from the Middle East and was busier than ever in building mega-mansions.
Yes there’s no State income tax for some teams but players get paid game days and depending on what state they’re in, taxes are included
@Spencer Cornelia excellent educational video. show some love for your canadian fans.
cheers from southern ontario 🍁
Most of these athletes buy terrible real estate and entertainers but terrible real estate. They aren’t even deals.
Bro I miss your videos,they never get old
Amazing video !! As always !
Has there been any more updates in the tangram situation?
Thank you for still making this series, I've watched many of your Go Broke series and realized how reckless my spendings are in the past and I'm not even an athlete. I'm scared of my own future so I'm currently trying to control the urge to spend money and slowly investing in Mutual Funds.
good episode, it’s always good when they look out for people not being irresponsible, he did everything right, except for the not buying cash, but it was a trend and know way he could have known, but the government is to be blamed, they been tanking the economy throughout all history, which was another cycle in 2008. he didn’t gable it, drink it away or waste it on drugs, so i always feel bad when it happens to people like this, that are hard working and trying to do it the right way. i work hard, and i don’t get what i’m supposed to, i see people begging and most are drug addicts and alcoholics, i can’t afford to pay for anyone to party, but you see millionaires that are from the hood doing the same thing, partying away the money, on the same thing, and eventually it could be their at the same circumstance with the poor addicts. it’s crazy. those kinds of pitfalls don’t judge, and anyone can end up there: this show should spread like wild fire to at least provide some incite into what people can easily end up face.
Spence another banger. This was fascinating!
You saved me from putting half a million into CFX. My son's will thank you one day :)
If this comment is serious, take Spencer’s advice. One you get rich, you don’t have to get rich again. Don’t look for high yielding guarantees. They generally don’t exist.
We must support the freedom CONVOYS
He joined the Detroit Lions.... His life has not gotten better :D
Super interesting. Thanks for the hard work and insight 👍
Spencer is so underrated fr
Good ending and smart lesson to learn Spencer.
I blew $35k in bad investments because I wanted to turn $35k into $100k... If I had $50 million, I WOULDN'T BUY ANY RISK-ON ASSETS!!! Low risk, 8 - 15% apy in returns on the investments, and you and your kids and grandkids are set for life.
what you buy? i bought btc @4k on march 20'
if you could get some interviews with some of these guys, or turnaround stories, that'd be really fascinating.
It is easy to get large commercial loans for commercial real estate without a PG (Personal Guarantee). Most large commercial loans for properties like hotels are called non-recourse, which means if the hotel owner can't pay the loan, they just give the property back and the lender can't go after the borrower for the loss. These loans can be had up to 90% LTV and are amortized over 30 years to make the monthly payment affordable, but come with a non-negotiable balloon payment every 5 or 7 years where the borrower MUST refinance the property. Commercial real estate is an ENTIRELY different ballgame than residential real estate and you can get in big trouble if you don't know what you are doing.
i appreciate videos like this, that way i don’t make the same mistakes
The Chainsmokers took a break from releasing music after being dominant from 2015-2018 to go full time on angel investing for tech companies and it looks like they've been killing it. maybe worth a look for a vid
I love the forced retirement account honestly. That improved my view of the NFL by A LOT
Som alltid like treffende, Spencer.
I absolutely love these videos!
Thats crazy, if you play 5 years in the NFL max annuity a year is only $45,000 ?
I'm a huge Huskies fan so of course a Brunell fan, sad to hear this.
Good to see mark with another shot at life
As a Jaguars fan...I refuse to allow you to tarnish our best years with the truth 😔
Attempting to see how I can use this same sentence but using my Cleveland Browns instead of your Jags! With your permission of course!
Interesting fact- I was at the game between the Browns and the visiting Jaguars back in 2001 when due to some questionable officiating began to rain beer bottles on the field! Of course sitting in the front row 50 yd seats on Jaguars sideline did not help me. Poor arm throw strength from the higher deck essentially meant that most of the bottles thrown missed the field and landed in and around rows 1-5! Yikes!
As an Ohio State football fan all I can say is I hope your next coach will lead to more success. Good luck this season.
Thanks Spencer 👊🏾
Love your vids spencer!
I've lost quite a good number of coins in the current dip,I Just hope I find a way to recover from such a massive loss.
Good Work as always!
He should have just bought and held Bitcoin. It might be down in the short term, but over the long term it's up and to the right. Just hold!
Knowledge is power.
Man you really got under Mr. Organik skin lol lol he is HOT!
Authentic or Charlatan: The 🐍 MeetKevin
A lot of it is peer pressure. All of your coworkers are driving Bentleys and living in mansions. You don’t want to be the one pulling up to practice in a Corolla. The guys push each other to flex, and it has disastrous consequences.
did you watch the video bud?
He was filthy rich, should have just put 1/2 of all his paychecks into Gold...Once your that rich the only goal is to stay rich.
Even though Private Wealth Management fees are expensive, it is probably worth it for many of these athletes to give their money to Goldman Sachs, JP Morgan etc. to handle their financial affairs and aim for a low to moderate return. Or, just park the money in CDIs.
RIA's are great too since they work on a fee-only basis and require a certain high-net-worth (5-6 mil net worth on average)
whynot just buy google, apple, facebook stock?
@@Thiiink risk. Why take unneeded risk on such a large amount? Look at the performance of tech stocks in 2001, and in the last year.
@@tbprofile1295 overtime big tech was going to win.(2000 time frame)
I love this series
I feel like having a normal income compared to having millions and going broke is a lot worse, you feel like failure because you had such a lavish lifestyle before. When you never had that, you just live very modesty.
Professional sports with this kind of money need to do a yearly pay check for life so that they cannot go broke even with poor management. A life time monthly or yearly check out of the total contract this would stop them from going broke
Would it though? I think they'd still get into trouble with annuities, loans, child support, spousal support, etc. NFL needs to set them up with financial advisors
They do have to pay tax to the state they played a game in though. Play in ATL this week? Pay state tax for that paycheck to GA. It's weird, I know. So while playing home games in FLA didn't make him pay tax, other states that have a state tax would. I bet tax time for NFL players is a nightmare lol
Good video!! Sad story about Mark, but glad he's turning it around.
Great content as usual🙌🙌🙌
My dad retired his cement pouring company last year but we were doing bank of america's in the sf bay...basically every location was six figures pay check but the bank waited almost a whole year to pay after each job
no way you guys agreed to those deals
@@Thiiink nope they just were some cucks bro, but my dad couldn’t really go in the black to pay for lawyer’s. Just had to wait
@@GoldenGod69 dang i feel you, i used to deal with these bigger "brands, banks, entities". Straight nightmare. "we don't have a credit card to pay with" LOL
@@Thiiink yup they can be as late as they want. But god forbid you don’t pay the bank back for almost year because “you don’t have the funds” see how that one goes😂
Love these videos! Keep up the great work bro!
😂 😂 Spencer this Content is 🔥
SIMON LEVIEV THE TINDER SWINDLER
Living beyond your means. Not knowing the difference between your wants & needs.
i think he just got unlucky but nice to see a good ending
Once you've already won the game, stop playing.
100% untrue about quarterbacks, where do most of the kids in the NFL come from? That's the deciding factor of them going broke. Thumbs up for the video though.
It is interesting to think about what larger than life people or businesses are currently involved in a Ponzi like scheme. Follow the money. Which ones are yet to be found out as of now?
crazy casino economics, it's hard to imagine how a system like this can sustain itself long term without creating too many losers
you are seeing it now If you hold dollars you are going to lose
This is why paying cash for land and property is ideal. Dave Ramsey doesn't sound so crazy after watching this.
spencer looking buff
That’s my QB coach!
Ooh do Evander Kane next
Your video always great 👍
Dude, you should do a video on Evander Kane!
Mr organik part 2 🤣🤣📈
You should do the MIKE TYSON/50 CENT home.
Tyson bought this massive house redid it. Went broke sold it 50 cent at .75 cents on dollar.
Every said 50 was a smart. 10 years later 50 cent sold it .75 cents on dollar.
Both lost a truck load.