se-alum
Posts: 13,948
May 26, 2010 8:22am
This guy might want to get a financial consultant....
http://sports.yahoo.com/nba/blog/ball_dont_lie/post/Eddy-Curry-makes-a-lot-spends-a-lot-and-owes-a-?urn=nba,243600
http://sports.yahoo.com/nba/blog/ball_dont_lie/post/Eddy-Curry-makes-a-lot-spends-a-lot-and-owes-a-?urn=nba,243600
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Nate
Posts: 3,949
May 26, 2010 9:01am
I don't want to make a racial comment.
So I'll make this PG.
He is one dumb thug.
So I'll make this PG.
He is one dumb thug.
thedynasty1998
Posts: 6,844
May 26, 2010 9:05am
He seems to be pretty intelligent. And where do I invest in Allstar Capital? 85% loan?
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Nate
Posts: 3,949
May 26, 2010 9:09am
That rate there took the cake for me. I bet his agent is rolling in the dough knowing how dumb his client is.thedynasty1998 wrote: He seems to be pretty intelligent. And where do I invest in Allstar Capital? 85% loan?
Rotinaj
Posts: 7,699
May 26, 2010 9:17am
That loan was taken out in Vegas. The one place where dumb ass people will get conned into that much interest for a loan.
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Nate
Posts: 3,949
May 26, 2010 9:31am
You have to be really dumb to lose that much money.
My gf is always like, if you hit the lotto, the money will eventually run out. I'm like R U FKIN SERIOUS? There is TONS of ways to invest a small chuck of it and just live off the interest for the rest of your life PLUS buy things you want without taking out loans.
My gf is always like, if you hit the lotto, the money will eventually run out. I'm like R U FKIN SERIOUS? There is TONS of ways to invest a small chuck of it and just live off the interest for the rest of your life PLUS buy things you want without taking out loans.
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trackandccrunner
Posts: 1,283
May 26, 2010 9:38am
Agreed. I've always said if I could just get like 5 million I'd be set for life. I always laugh when here about this happening to athletes.Keebler wrote: You have to be really dumb to lose that much money.
My gf is always like, if you hit the lotto, the money will eventually run out. I'm like R U FKIN SERIOUS? There is TONS of ways to invest a small chuck of it and just live off the interest for the rest of your life PLUS buy things you want without taking out loans.
SQ_Crazies
Posts: 7,977
May 26, 2010 12:41pm
No one else thinks this is kind of sad?
This guy always got by on his body and never had a brain--probably came from nothing and got a bunch handed to him and probably suckered into a lot of things by shady people that just wanted his money. Obviously he's dumb, but not every NBA player is a smart business man. I can't help but feel bad for the guy.
This guy always got by on his body and never had a brain--probably came from nothing and got a bunch handed to him and probably suckered into a lot of things by shady people that just wanted his money. Obviously he's dumb, but not every NBA player is a smart business man. I can't help but feel bad for the guy.
j_crazy
Posts: 8,372
May 26, 2010 1:41pm
alarming:
he made 10 million dollars this year.
he defaulted on a 575,000 dollar loan.
WTF??
he made 10 million dollars this year.
he defaulted on a 575,000 dollar loan.
WTF??
thedynasty1998
Posts: 6,844
May 26, 2010 1:52pm
I'll NEVER feel BAD for a guy who can't live off of $10 million annually.SQ_Crazies wrote: No one else thinks this is kind of sad?
This guy always got by on his body and never had a brain--probably came from nothing and got a bunch handed to him and probably suckered into a lot of things by shady people that just wanted his money. Obviously he's dumb, but not every NBA player is a smart business man. I can't help but feel bad for the guy.
2quik4u
Posts: 4,388
May 26, 2010 1:55pm
it should be mandatory that every professional player higher a consultant
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Nate
Posts: 3,949
May 26, 2010 1:55pm
Sad? No.thedynasty1998 wrote:I'll NEVER feel BAD for a guy who can't live off of $10 million annually.SQ_Crazies wrote: No one else thinks this is kind of sad?
This guy always got by on his body and never had a brain--probably came from nothing and got a bunch handed to him and probably suckered into a lot of things by shady people that just wanted his money. Obviously he's dumb, but not every NBA player is a smart business man. I can't help but feel bad for the guy.
Retarded? Yes.
Pay a financial advisor $100k a year just to manage your money and you have your problem solved for life.
thedynasty1998
Posts: 6,844
May 26, 2010 1:56pm
I will argue in their defense for a second, although I think it's equally ridiculous.trackandccrunner wrote:Agreed. I've always said if I could just get like 5 million I'd be set for life. I always laugh when here about this happening to athletes.Keebler wrote: You have to be really dumb to lose that much money.
My gf is always like, if you hit the lotto, the money will eventually run out. I'm like R U FKIN SERIOUS? There is TONS of ways to invest a small chuck of it and just live off the interest for the rest of your life PLUS buy things you want without taking out loans.
Say an NBA athlete makes $10 in his 5 year career. Figure 10% goes to the agent and 35% goes to taxes. That leaves them around $5-$6 million cash. They are not going to live in a house next door to you and me, so say they spend $1 on a house and pay cash. They give their family some money. Then with their lifestyle you figure they aren't going to dinner at Olive Garden, so they are spending more on leisurely activities.
So although it's pathetic they can't manage to live off of that, it's not the same as me getting $5 million and living off that.
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Nate
Posts: 3,949
May 26, 2010 2:01pm
Honestly, I could live just as a luxurious lifestyle as them with that money and not be in debt. Pay an advisor and allocate your funds for consistent growth.thedynasty1998 wrote:I will argue in their defense for a second, although I think it's equally ridiculous.trackandccrunner wrote:Agreed. I've always said if I could just get like 5 million I'd be set for life. I always laugh when here about this happening to athletes.Keebler wrote: You have to be really dumb to lose that much money.
My gf is always like, if you hit the lotto, the money will eventually run out. I'm like R U FKIN SERIOUS? There is TONS of ways to invest a small chuck of it and just live off the interest for the rest of your life PLUS buy things you want without taking out loans.
Say an NBA athlete makes $10 in his 5 year career. Figure 10% goes to the agent and 35% goes to taxes. That leaves them around $5-$6 million cash. They are not going to live in a house next door to you and me, so say they spend $1 on a house and pay cash. They give their family some money. Then with their lifestyle you figure they aren't going to dinner at Olive Garden, so they are spending more on leisurely activities.
So although it's pathetic they can't manage to live off of that, it's not the same as me getting $5 million and living off that.
thedynasty1998
Posts: 6,844
May 26, 2010 2:06pm
I agree with you, I just think sometimes you need to put it in perspective because it's always not the number you see.
With that said, Eddy Curry is in a different situation. He's still making money and is in debt.
With that said, Eddy Curry is in a different situation. He's still making money and is in debt.
se-alum
Posts: 13,948
May 26, 2010 2:26pm
Yea, Curry has banked 57 million!! So he's basically pissed away 25 million in 9 years.
thedynasty1998
Posts: 6,844
May 26, 2010 2:37pm
To put that in perspective, he spent $7,610 per day (actually more than that if he's in debt).se-alum wrote: Yea, Curry has banked 57 million!! So he's basically pissed away 25 million in 9 years.
sleeper
Posts: 27,879
May 26, 2010 2:54pm
$1,000 a month for cable?
He must get every channel and then some.
He must get every channel and then some.
thedynasty1998
Posts: 6,844
May 26, 2010 2:59pm
Or order a helluva lot of porn...sleeper wrote: $1,000 a month for cable?
He must get every channel and then some.
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Nate
Posts: 3,949
May 26, 2010 3:21pm
Probably paying for multiple DirecTv's.thedynasty1998 wrote:Or order a helluva lot of porn...sleeper wrote: $1,000 a month for cable?
He must get every channel and then some.
SportsAndLady
Posts: 35,632
May 26, 2010 3:26pm
Yeah, I'm gonna feel bad for someone who spends 12,000 a year on fucking cable...
I don't care if you're pre-surgery Charly, you spent that much on a cable bill and you deserve everything you get.
I don't care if you're pre-surgery Charly, you spent that much on a cable bill and you deserve everything you get.
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Al Bundy
Posts: 4,180
May 26, 2010 3:26pm
If Warren Buffet can live in a normal house, I'm sure Eddy Curry can.thedynasty1998 wrote:I will argue in their defense for a second, although I think it's equally ridiculous.trackandccrunner wrote:Agreed. I've always said if I could just get like 5 million I'd be set for life. I always laugh when here about this happening to athletes.Keebler wrote: You have to be really dumb to lose that much money.
My gf is always like, if you hit the lotto, the money will eventually run out. I'm like R U FKIN SERIOUS? There is TONS of ways to invest a small chuck of it and just live off the interest for the rest of your life PLUS buy things you want without taking out loans.
Say an NBA athlete makes $10 in his 5 year career. Figure 10% goes to the agent and 35% goes to taxes. That leaves them around $5-$6 million cash. They are not going to live in a house next door to you and me, so say they spend $1 on a house and pay cash. They give their family some money. Then with their lifestyle you figure they aren't going to dinner at Olive Garden, so they are spending more on leisurely activities.
So although it's pathetic they can't manage to live off of that, it's not the same as me getting $5 million and living off that.
Heelz
Posts: 780
May 26, 2010 3:33pm
$ 350, 000 to Juwan Howard!? wow
jpake1
Posts: 2,389
May 26, 2010 3:40pm
I feel sad for him that he's not smart. I don't feel bad that he's in debt after all the money he's made.
SQ_Crazies
Posts: 7,977
May 26, 2010 4:16pm
LOL, that's the whole point. He's not he's not smart, he never learned how to manage his money or anything like that. He just got thrown to the wolves.
It's easy for some of you to sit back and say certain things when you've never been in a situation remotely close to his. A lot of you have gone to college, didn't grow up in the hood, were forced to learn how to manage your money, have never gone from broke to a multimillionaire over night. I'm not making excuses for him, some guys go through the same thing and don't end up this way--but some don't. I just feel kinda bad for him, I guarantee a lot of that money was basically stolen from him from some shady people and he wasn't smart enough to figure that out at the time. I don't know, I don't NOT feel bad for someone just because they've made a lot of money--as it's said, mo' money, mo' problems.
It's easy for some of you to sit back and say certain things when you've never been in a situation remotely close to his. A lot of you have gone to college, didn't grow up in the hood, were forced to learn how to manage your money, have never gone from broke to a multimillionaire over night. I'm not making excuses for him, some guys go through the same thing and don't end up this way--but some don't. I just feel kinda bad for him, I guarantee a lot of that money was basically stolen from him from some shady people and he wasn't smart enough to figure that out at the time. I don't know, I don't NOT feel bad for someone just because they've made a lot of money--as it's said, mo' money, mo' problems.