Author Topic: riches to rag  (Read 2468 times)

cv

  • 5 O'Clock Shadow
  • *
  • Posts: 19
riches to rag
« on: June 01, 2013, 08:11:08 PM »
old news, but still makes me sad, even as a mustachian.

http://www.vladtv.com/blog/164109/allen-iverson-so-broke-he-couldnt-afford-a-cheeseburger/

Instead of point fingers and poke fun, we should strive more to educate and be good role models to others. 

Grigory

  • Stubble
  • **
  • Posts: 228
  • Location: Seattle, WA
  • (rhymes with "story")
    • my attempt at blogging
Re: riches to rag
« Reply #1 on: June 02, 2013, 10:34:08 PM »
Quote
Iverson amassed over $140 million during his NBA career, which included a huge deal with Reebok. The money seems all but squandered now, except for a $30 million deferred trust from Reebok, which he can't touch until he turns 55.
Well, he'll still have a nice retirement - he just has to wait 18 more years... (He's 37 now.) How many broke rich people get a second chance like that?
Author of Buffett's Biggest Blunders and Go to college without going broke - now available on Kindle! :)

jamccain

  • Stubble
  • **
  • Posts: 112
  • Location: Los Angeles
Re: riches to rag
« Reply #2 on: June 02, 2013, 10:52:23 PM »
Quote
Iverson amassed over $140 million during his NBA career, which included a huge deal with Reebok. The money seems all but squandered now, except for a $30 million deferred trust from Reebok, which he can't touch until he turns 55.

Has he learned his lesson or will that $30M be gone by the time he's 57?