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re: Trent Richardson's friends and fam stealing his $$
Posted on 8/5/16 at 9:56 am to HarrisLetsRide
Posted on 8/5/16 at 9:56 am to HarrisLetsRide
It's cultural. Like calling people that call police snitches.
They guilt him into giving them money. Sad.
They guilt him into giving them money. Sad.
1
Posted on 8/5/16 at 9:59 am to dagrippa
And people wonder why so many professional athletes go broke.
Posted on 8/5/16 at 10:01 am to HarrisLetsRide
I don't understand why if you are a high draft pick you don't hire a reputable money manager and tell him/her
"I'm gonna buy a nice house and a nice car for me and my Mom. After that the rest goes into an account and I will live on an allowance. Anyone who asks for money I am telling them to call you."
Then let the money manager tell them no
"I'm gonna buy a nice house and a nice car for me and my Mom. After that the rest goes into an account and I will live on an allowance. Anyone who asks for money I am telling them to call you."
Then let the money manager tell them no
This post was edited on 8/5/16 at 10:02 am
Posted on 8/5/16 at 10:02 am to StopRobot
That requires being raised in a good home with good role models.
Posted on 8/5/16 at 10:06 am to Gradual_Stroke
it's such a common thing
awful human beings who think they deserve their cut
awful human beings who think they deserve their cut
Posted on 8/5/16 at 10:12 am to StopRobot
quote:
I don't understand why if you are a high draft pick you don't hire a reputable money manager and tell him/her
Bama's AD has counseling and advisors to help these guys prior to the draft...they bring money managers, accountants, attorneys to give these guys advice about what to do.....yet they still frick up.
Posted on 8/5/16 at 10:12 am to Aggie Fishfinder
quote:
Tim Duncan got conned out of Millions by someone he thought he could trust. And he is a very bright person. It can happen to anybody.
I'd get direct deposit and just stick it all in ETFs. May not get the best possible return, but it would cut out the possibility of having anyone personally investing your money (and thus ripping you off). These "money managers" are typically the source of the problem. I would not have one, thus no problems.
I would absolutely 100% not under any circumstance invest in any businesses or real estate schemes. THAT is how even moderately intelligent people get swindled or go broke.
Also, I am white, and an a**hole. I have never given a dime to charity in my life. Nobody would even ask me for money. Everyone who knows me knows already that the answer is not only "no", but "never speak to me again".
This post was edited on 8/5/16 at 10:19 am
Posted on 8/5/16 at 10:15 am to StopRobot
quote:
I don't understand why if you are a high draft pick you don't hire a reputable money manager and tell him/her
The money managers dont make more money by the athlete retaining more money.
Most of the time the "money managers" are nothing more than the person who pays for everything. They usually vet whether or not what is being paid for is a scam, but other than that they dont do much as far as retention
Posted on 8/5/16 at 10:21 am to HarrisLetsRide
Most of these guys have been programmed by friends and family since they were 14-15 years old that any pro success they have in the future is due to their "support system." They are brainwashed into believing that they could not have done it without them and that "staying grounded" and "remembering where you came from" means providing an upper class lifestyle to all those people who hung out with you while you were poor. The reality is that almost all of these pro athletes got there with their own sweat and determination. The friends didn't hang out with them out of kindness. They hung out with them because they were the most popular person in high school.
Posted on 8/5/16 at 10:21 am to NYCAuburn
I have seen some very smart people lose a lot of money. Even Saban got into some financial trouble and the guys is a genius. Like everything in life, there are the best doctors (Money Managers) and the worse Doctors (money managers), the scary thing is someone had an appointment with that doctor (money manager) tomorrow ($1.00 to George Carlin)
Posted on 8/5/16 at 10:31 am to Tigerfan56
quote:
But most of these guys who make terrible financial decisions were raised in poor conditions and know absolutely nothing about handling money, let alone millions.
Doesn't take a genius to figure out not to give it all away or let people steal it.
Posted on 8/5/16 at 10:33 am to allin2010
quote:
I have seen some very smart people lose a lot of money
Sanchez got swindled out of $6M in a scam. Tim Duncan got scammed out of $20M+. Jake Peavy lost several $M. It happens to many
Posted on 8/5/16 at 10:34 am to HarrisLetsRide
quote:
"I finally just looked at my bank statement, and I was just like, 'Where did this come from? Where did that come from?'"
fricking idiot. This is what happens when you give stupid people money. They get separated from it. If you started everyone in the country with the same amount of money tomorrow, within a year or two, we'd look pretty much the same as we do now.
This post was edited on 8/5/16 at 10:35 am
Posted on 8/5/16 at 10:35 am to TigerNlc
quote:
Doesn't take a genius to figure out not to give it all away or let people steal it.
Agree. What does it matter if you have 10K or 5 million. Put the money in YOUR account. Put the check book in YOUR pocket.
End of story
Posted on 8/5/16 at 10:38 am to HarrisLetsRide
He said he was told it was happening and he didn't do anything about it.
So yeah - he could have done something, but took the lazy way out and let it ride. Ultimately it's his fault. Period.
So yeah - he could have done something, but took the lazy way out and let it ride. Ultimately it's his fault. Period.
Posted on 8/5/16 at 10:40 am to Irons Puppet
quote:
This goes back to his HS days. Family members with their hands out looking for money.
Hell that's how Bama got him in the first place. "It was a business decision", and a pretty sweet house sitting gig too.
Posted on 8/5/16 at 10:44 am to twk
quote:
I guess preparing players for life after Bama isn't part of "The Process"™
You guessed wrong.
Posted on 8/5/16 at 10:45 am to HarrisLetsRide
what an idiot
Posted on 8/5/16 at 10:53 am to Aggie Fishfinder
quote:
Tim Duncan got conned out of Millions by someone he thought he could trust. And he is a very bright person.
She did him wrong
Posted on 8/5/16 at 11:02 am to Aman
He should just go back to Tuscaloosa and sell insurance or something
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