Perhaps, but buying cars is one of the quickest ways to sink your wealth

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May 22, 2024
5:40:32pm

donnerstag Political Junky

My old roommate inherited $500K and he plowed through that in under 3 years. He claims he bought a couple lemons

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donnerstag

Bio page: donnerstag
Joined: Feb 22, 2005
Last login: Jun 26, 2024
Total posts: 39,309 (687 FO)

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Messages

Author

Time

If you earned this much money, any way this happens?

hamaca All-American

May 22, 4:14pm

#CTESPN

HingleMcCringleberry

May 22, 4:15pm

happens to most NFL rookies. spending > income

Cougarclaw

May 22, 4:16pm

Watch the 30 for 30 called "Broke." It's on Netflix right now. Good summary of

BYU-Ite

May 22, 4:16pm

RE: Watch the 30 for 30 called "Broke." It's on Netflix right now. Good summary of

kccougar

May 22, 4:17pm

"NBA players make a lot of money. But they spend a lot of money, too."

BYUFootballisBack

May 22, 4:18pm

RE: "NBA players make a lot of money. But they spend a lot of money, too."

Eddie

May 22, 4:36pm

Bankruptcy sure. I don't see how he can possibly have less than $50k in assets

JuicyJam

May 22, 4:17pm

Spend it all on cars and experiences

donnerstag

May 22, 4:35pm

Those would still have value exceeding 50k though I’d have to think? He wasn’t

BYUfan92

May 22, 4:43pm

Unless you get talked into leasing instead of buying.

Eddie

May 22, 4:45pm

Cars, jewelry, property, clothes, etc.

JuicyJam

May 22, 4:50pm

Perhaps, but buying cars is one of the quickest ways to sink your wealth

donnerstag

May 22, 5:40pm

Bad business decisions and bad spending habits

fattycoug

May 22, 4:19pm

Well, a lot of these guys like to impress the family and friends back home, and run around with an entourage

Bob Vance

May 22, 4:22pm

I think a lot these guys get taken advantage of-- either stolen from or give it

Socrates Johnson

May 22, 4:24pm

Tyreke Hill (with his 10 kids) rn

CougarCanuck76

May 22, 4:30pm

I worked with a sports agent in Southern Cal early 80's. Lots of basketball

toadie

May 22, 4:41pm

It's a lot easier to lose money than most people think. As BYU-Ite stated above

CougBlu

May 22, 5:03pm

Reminds me of the studies around lottery winners.

Eddie

May 22, 5:10pm

Yeah, if I ever won the lottery, I wouldn’t tell a soul.

CougBlu

May 22, 9:14pm

I wouldn’t tell anybody, but there would be signs.

Powerbait DPM

May 23, 11:54am

I guess you're right.

CougBlu

May 23, 2:14pm

And expect similar things to happen w/big NIL recipients.

Forzaitalia

May 22, 6:41pm

If I had that $$$ I wouldn't borrow anything. Can't go bankrupt w/out debt.

TailgateU

May 23, 1:43pm

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