@badeng4787 dude they are paying tax, the government takes and controls all the oil that belongs to the people Everyday they are pumping out oil that belongs to you, selling it and using the profits to live in luxury, they give a tiny but of the profit back to the people
This guy got his shit together. Good for him. He's giving excellent advice to the younger generation. I like to see these kind of videos. Wish him the best during his retirement.
@@ExileZOits preference. The key is to have balance and it has to make sense according to your financial situation. Like I'm assuming you can't make such an investment so to you it's trash.
@@yodaddy9362I own both. I have two classic cars, a 26” 24KT gold rosary, a chain worth 50K, and a property. The property is going to make me much more profit than the jewelry. My girlfriend likes jewelry!You know what they say when you assume though… Right?
I love how Mikey recognizes how hard it would be to be an F1 driver. My son is 8 and I got him his first go-kart to start his Karting career. He has dreams to be racing for redbull
Good luck. It’s gonna take millions of dollars just to get him through the juniors. So if you don’t have that, better start looking for some serious sponsors. The only other way is to hope he already has talent, and then put it on countless hours on the track. When his friends are playing outside, he’s gonna have to be on the track. If he’s head and shoulders above everyone in his age group, the big teams will put him in their junior program and you won’t have to worry about finances too much. But for that to happen, he has to have like generational talent potential.
Just keep him motivated to stay passionate. I’m sure if he has a good father like yourself as a support system he will earn his sponsors and opportunities will present themselves on their own. A lot of lost talent lost along the way because we didn’t have our loved ones to support us.
Hit right on the money. But one thing people always forget is, as low as $360k is, you never know when that next big fight is. That pay day might be the last payday you’ll ever get especially if you lose. As a decorated amateur, I struggle with this aspect in the pros. The work we put in you get nothing out. 360k for a fight (which takes YEARS before you’ll ever come close to getting a fight like this) is not enough money to retire on or live off.
You know, I read your comment with interest because you do sound very reasonable. For the longest I'd been wondering this myself. I look at the guys in the ring, especially those who fight up to 3 times a year, and I am wondering how much money they're making. I even go googling to see what they were paid, and I start doing a rough calculation in my mind to see what they would take home in the end. It is good to hear this from a person that has lived this life and knows the things that I did not take into consideration. Thanks for your input. Hello from London-Ontario, Canada
That's why the key is to invest it into your future. Like Mikey said pick up a trade. Take a business class. And become your own boss. Then you don't have to worry about retirement. Everyone wants to make canelo and mayweather money. But let's be real that probably won't happen don't matter how good you are. 🎤
@@etimsammost boxers don't make alot money and like Mikey said if you get a million dollar fight after expenses you are not left with a whole lot. I have a friend that is pro boxer he is actually fights for Brian McIntyre aka Bo mac and terrence crawford. 9-0 and he makes about 7 -10 grand a fight. It's not alot at all. But he's very young still. But boxing is very risky because he might never see that life changing money.
Not very often does one get the opportunity to speak to people that really know what they are talking about like you. Very informative to watch this video, and to communicate with people like you. If the guy you talked about only has 9 fights on his record I would think that making up to $10,000 per fight would be good money, depending how many times he gets to fight per year. And if his expenses are low he would do well especially if he lives home with mom and dad.@@yodaddy9362
Met him and his brother at some fights in Cali that they put on. Seemed like a really nice guy. He was one of my fav fighters and then just retired... He's doing good tho. Hats off to him and his fam.
For a young man he has the outlook of a man with much more life experience. Decades ago I read that Marvin Hagler hired an acountant/money manager early in his career that invested his winnings wisely, paid Hagler a salary that would make him comfortable but not extravagent with longevity in mind. One of the few wise men.
He has entertained coming back I thibk maybe 2 years ago now and prior to that he was saying that he was definitely done with boxing and it seems like he is done done. Do I still think he has it? Yes. All he has to do is train his ass off. A fight against Loma or Tank at 140 is still possible if Mikey wanted it. On the flip side since he has already done a lot for the sport I cannot blame him at all.
i like how elie keeps doing this video over and over to spread awareness in a way to fighters and fans about financials...he has asked this question like 10 different times to robert and mikey lmao...and only thats on camera...lol
He was lucky to be part of a great boxing family n being smart/ discipline helps also!! Great guy n mentor for young boxers!! Question who's the best prospect unknown in this gym?
@@gotchabud3047Who worked him as you say? My point was he was always a class act, no BS , he showed up ready never bragged about winning or cried about losing.
@@gotchabud3047Yeah when Spence was Welterweight Champ and Mikeky was going up in weight to fight him, BTW Mikey didn't come close to winning but he was the first to ever force Spence to go 12 rounds.
Mikey is a real person, he shows how fame has not spoiled his way of being. Down to earth !!!
he is humble I met him on a great and meet, he let me take a picture with his belt on my shoulder this guy has a straight head
Mikey seems like a good, genuine guy.
Is he fat?
He's Latino, it's the culture
Should be a financial adviser for fighters
facts i would want to be advised by him as a fighter
Dave Ramsey@@younggoat9518
No a professional financial planner which he probably used
Becoming a licensed financial adviser is a pain. But if were to do it a lot of fighters would gravitate towards him.
They just have to watch this to get started ❤
Mikey is a real humble person
We love you out here 🇵🇷
Robert garcia is racist , stop it go back to the little wayne incident .
Really, who talks about mikey in puerto rico????
you weren't upset when he beat up juanma?
I do great fighter him an his bro@@gringobronx7670
@@robertoc3295what happened in mikey next fight thats why he got dropped by a rican in round 2
The information Mikey is giving is gold for the younger people outdoor.
Good interview
This is why Mikey was one of my favorite Boxers at one point
He sucks
@@trappagreg6422bitch he’d still break your ankles and break your jaw in boxing
@@trappagreg6422not to mention he has more money than you
Still betting on DEV
@@onlythefamily7856but he sucks
Taxes is the real enemy not the judges
Our Tax money goes to other countries 😮
@@alldayallnitelv big taxes but theres no even street light on the highway😂
Dude the govt needs taxes, how else does infrastructure get built, teachers and police paid?
@@xblade11230 yeah no problem with taxes but over the roof tax??i live in middle east for long time and its tax free,free health care..hehe
@badeng4787 dude they are paying tax, the government takes and controls all the oil that belongs to the people
Everyday they are pumping out oil that belongs to you, selling it and using the profits to live in luxury, they give a tiny but of the profit back to the people
Mikey is a very smart man. I have a lot of respect for him. Down to earth and intelligent.
Well spoke brother, I admire your humble attitude.
Mikey Garcia one of the most Humble, Smart & Successful fighter of his generation
This is real life knowledge all boxers should hear. Good job guys
“Go to a trade school “.. best advice.
MIkey dropping knowledge.
This is why people like Mikey Garcia 💯 %legit guy
Belico
much love Mikey! I've always respected you as a fighter and person. MAKE THIS GO VIRAL!!!
I have always had mad respect for Mikey, he has always been down to earth and kept it 100%
Mikey spitting logic. Something the average person don’t understand common logic!
Man people with this ideology are so RARE! Humble I love it! 805 love Mikey!
Bro this is pure gold for life
Not really, I heard all this before
@@mikeyg9833That’s great for you Mikey Garcia
@@mikeyg9833good for you
Respect to Mikey G for giving the people news they can use.
You’re a good man, Mikey G. 👍🏾👍🏾👍🏾🇺🇸🇺🇸🇺🇸🇺🇸!!!!
This guy got his shit together. Good for him. He's giving excellent advice to the younger generation. I like to see these kind of videos. Wish him the best during his retirement.
Mikey is a stand up good person and very knowledgeable with his money. That’s why he is successful! God bless him!👏🏼👏🏼
Mikey is a true example of how you take an opportunity and capitalize and hustle it.
Ellie know damn well no fighter that made 20 million asked him for $20 dollars 😂
Right!! That’s hard to believe, but hey he is around a lot of Professional boxers.
Even his million $ story I’m like 🤨
@luisvilla2873 I believe a fighter asked him for $20. Just not one that made 20 million in their career
wouldnt be surprised if he is talking about Broner
Maybe they didn't have change for gas money then they saw ellie and asked for 20$
Mikey hates jewelry but loves cars lol
They both are trash investments lol.
@@ExileZOJewelry yes
@@miracleboyboxingThe mark up is usually 7X the original cost.
@@ExileZOits preference. The key is to have balance and it has to make sense according to your financial situation. Like I'm assuming you can't make such an investment so to you it's trash.
@@yodaddy9362I own both. I have two classic cars, a 26” 24KT gold rosary, a chain worth 50K, and a property. The property is going to make me much more profit than the jewelry. My girlfriend likes jewelry!You know what they say when you assume though… Right?
Mikey enjoying retirement 👍🏾
Very informational advice from a legend 🙏🏻
I love how Mikey recognizes how hard it would be to be an F1 driver. My son is 8 and I got him his first go-kart to start his Karting career. He has dreams to be racing for redbull
Keep dreaming
Good luck. It’s gonna take millions of dollars just to get him through the juniors. So if you don’t have that, better start looking for some serious sponsors. The only other way is to hope he already has talent, and then put it on countless hours on the track. When his friends are playing outside, he’s gonna have to be on the track. If he’s head and shoulders above everyone in his age group, the big teams will put him in their junior program and you won’t have to worry about finances too much. But for that to happen, he has to have like generational talent potential.
😂😂😂😢😢😢😢😂😂
Just keep him motivated to stay passionate. I’m sure if he has a good father like yourself as a support system he will earn his sponsors and opportunities will present themselves on their own. A lot of lost talent lost along the way because we didn’t have our loved ones to support us.
Dreams don't come true! Stupid dream
Great advice, as real as it gets.
Hit right on the money. But one thing people always forget is, as low as $360k is, you never know when that next big fight is. That pay day might be the last payday you’ll ever get especially if you lose. As a decorated amateur, I struggle with this aspect in the pros. The work we put in you get nothing out. 360k for a fight (which takes YEARS before you’ll ever come close to getting a fight like this) is not enough money to retire on or live off.
You know, I read your comment with interest because you do sound very reasonable. For the longest I'd been wondering this myself. I look at the guys in the ring, especially those who fight up to 3 times a year, and I am wondering how much money they're making. I even go googling to see what they were paid, and I start doing a rough calculation in my mind to see what they would take home in the end. It is good to hear this from a person that has lived this life and knows the things that I did not take into consideration. Thanks for your input. Hello from London-Ontario, Canada
That's why the key is to invest it into your future. Like Mikey said pick up a trade. Take a business class. And become your own boss. Then you don't have to worry about retirement.
Everyone wants to make canelo and mayweather money. But let's be real that probably won't happen don't matter how good you are.
🎤
@@etimsammost boxers don't make alot money and like Mikey said if you get a million dollar fight after expenses you are not left with a whole lot.
I have a friend that is pro boxer he is actually fights for Brian McIntyre aka Bo mac and terrence crawford. 9-0 and he makes about 7 -10 grand a fight. It's not alot at all. But he's very young still.
But boxing is very risky because he might never see that life changing money.
Not very often does one get the opportunity to speak to people that really know what they are talking about like you. Very informative to watch this video, and to communicate with people like you. If the guy you talked about only has 9 fights on his record I would think that making up to $10,000 per fight would be good money, depending how many times he gets to fight per year. And if his expenses are low he would do well especially if he lives home with mom and dad.@@yodaddy9362
Curious to know im no good at math. But do this fighters get tax refund for 1m$ income?
Not sure how this showed up in my feed, and didn’t know who this boxer was but was very impressed with how he carries himself. Very humble and wise.
Mikey Garcia has always been real and he speaks the truth all the time very inspiring and notes have been written down thanks dude
Priceless Mikey. May these young up and comers take heed and apply this knowledge.
Dayum. This guy is a pro on everything. Ima start following big time Mickey 🙌🏼💯
Met him and his brother at some fights in Cali that they put on. Seemed like a really nice guy. He was one of my fav fighters and then just retired... He's doing good tho. Hats off to him and his fam.
Fucking taxes
Then it's goes to Ukraine in donation 😂
@@ajayji-ce2mkAnd genocidal Israel.
@@ajayji-ce2mk the cockroaches gotta eat too
@@ajayji-ce2mkUkraine, the Texas border for them folks & criminals with multi offenses sad reality! We live in
MIKE IS ONE GOOD MAN THE WHOLE GARCIA FAM IS GOOD PEOPLE.
Even the Champion Boxer go broke within 2 years from his last fight.
Easily
Tank David will be broke in a year or so 😂😂
Noting but clowns & users around him
For a young man he has the outlook of a man with much more life experience. Decades ago I read that Marvin Hagler hired an acountant/money manager early in his career that invested his winnings wisely, paid Hagler a salary that would make him comfortable but not extravagent with longevity in mind. One of the few wise men.
Wise man. Always rooted for Mikey. Glad he’s intelligent and doesn’t need to fight. Went out on his own terms. Buen Hecho!
This dude is the best!! He is a good mentor if he ever decided to train!! 💪💪
Is he coming back?
He has entertained coming back I thibk maybe 2 years ago now and prior to that he was saying that he was definitely done with boxing and it seems like he is done done.
Do I still think he has it? Yes. All he has to do is train his ass off.
A fight against Loma or Tank at 140 is still possible if Mikey wanted it.
On the flip side since he has already done a lot for the sport I cannot blame him at all.
Stellar interview ✨️ 👌 👏 🙌 💪 5 STARS 🌟 🌟 🌟 🌟 🌟
This was an exceptionally underrated interview, deserves way more views
Dude will always have his money. Smart man.
Props to this Mexican king. Makes us proud man.
Hondurans love Mikey 💪🏽
i like how elie keeps doing this video over and over to spread awareness in a way to fighters and fans about financials...he has asked this question like 10 different times to robert and mikey lmao...and only thats on camera...lol
and also respect to mikey and robert who are always down to answer it even they know theyve answered it a million times before
love mikey and his brother respectful people god blosse them
Smart guy really down to earth
He is a very nice and down-to-earth person. A real fighter. 👍👍💖
Always liked Mikey, him and rios were two of my favourite fighters growing up
Solid advice all the way around the board I’m around fighters and athletes throughout my life I’ve seen it firsthand
The garcias are so chill...
I have always liked Mikey real humble dude
Mikey is dropping bars 👊🏾👊🏾👊🏾
That dude has hella blessed hair genetics
That's awesome advice Mickey... Thanks
Good advice
Garcia is keeping it simple and he seems very smart when it comes to financial thing, he is the kind of guy who will never go broke
Wow when they organize boxing, he needs to be in that mix advising new fighters and active fighters just wow💪🏼
Top guy love him and his family real down to earth
god bless this dude, thius clip will help a lot of people not just fighters
40% in taxes 😮 blows my mind how the government gets away with this
Great Information. The man is giving priceless knowledge. The great thing about this information is using your mind in a positive way.
Valuable information is only valuable when utilized.
Beautiful advice. Keeping it real 😉💯💯
Thats right. The more you make, the more you get taxed in this country, high tax rate.
He was lucky to be part of a great boxing family n being smart/ discipline helps also!! Great guy n mentor for young boxers!! Question who's the best prospect unknown in this gym?
Respect to MG for this interview. Hes humble and down to earth.
Big fan of Mikey .. solid advice
He's thinking like a humble person, like a regular person who doesn't spend money like an idiot.
He’s a Mexican for sure . I know a couple foos like him . Def can tell he’s a good person who values a lot of things other people don’t value
garcia nice people love from uk
Smart man 💪🏻gotta respect his mentality
Mikey is one of my all-time favorites because he is all class in and out of the ring, I have the highest respect for him.
You say that yet he never beat any elite boxers. He got worked by every elite he boxed
@@gotchabud3047Who worked him as you say? My point was he was always a class act, no BS , he showed up ready never bragged about winning or cried about losing.
@@jeffb5785 Spence bro. He took him to school mikey just showed up to survive
@@gotchabud3047Yeah when Spence was Welterweight Champ and Mikeky was going up in weight to fight him, BTW Mikey didn't come close to winning but he was the first to ever force Spence to go 12 rounds.
Real talk! ✊🏾💯
I like Mikey and the Garcia fam they keep it 100 💯 as much as possible while still keeping private class saludos
One of the smartest boxers who invested in himself while boxing. And was able to make good investments out of the ring. Good interview
His team, management, gym is all owned by him and his brother
dude is my one of my favorite boxers of all time
This needs to be talked about more verses the beefing. Don't get me wrong the beefing makes for good content but this type of content works too.
Good to see Mikey Garcia doing good
Great advice 👍🏼🥊🙏🏼
I like his thinking not like soo many other actors performers or athletes that like to show off soo much
Mikey my homie god bless him .vatos
The gracias are a good family .orale buey 💪✊
Nice guy.
Sound financial advise from Mikey G , applies to everyone
that short term capitol gains tax is crazy too between 38-42% right there!
What a nice guy not worries about fancy stuff 😊
Still enough money to change your life forever if you're smart and invest it properly.
Garcia bros representing Michoacán 💪
One of the best interviews, good job boys
Real as guy ! Thank you for them words Mikey Garcia
Yoo mikey is very intelligent with his money after boxing!! 😮
Mikey Garcia - On of the most fundamentally sound boxers in the history of the sport.
Mikey is a humble guy decent and well drive person.
he didn't let the money get to his head. he knows how much money 2000 a week is for the average dude. and for the average dude that's a lot
Always liked Mikey Garcia when he boxed
Maki Garcia so humble 👏👏❤️🥊🥊🥊🥊🥊
Not many fighters think like this guy 💯 bro spitting facts
retired young and invest your money on something that can make a living and this is the results