The Money Mustache Community

Around the Internet => Antimustachian Wall of Shame and Comedy => Topic started by: cv on June 01, 2013, 08:11:08 PM

Title: riches to rag
Post by: cv 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. 

Title: Re: riches to rag
Post by: Grigory 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?

Title: Re: riches to rag
Post by: jamccain on June 02, 2013, 10:52:23 PM

Quote from: Grigory 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.

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