Mike Tyson making a comeback

[Ludo]

Re: Mike Tyson making a comeback

Ya'll saw the Hangover. Motherfucker has a TIGER!

[SPX]

Re: Mike Tyson making a comeback

The sameway people that make 50k a year go broke.

They spend more than they make

My point is that it's difficult for me to fathom that level of retardation.

Honestly, I don't see how someone who's ever had access to more than, say, 5 million dollars has ever bought anything on credit. When I read shit about actors and sports stars banking $200M plus in their careers and yet somehow they end up with credit woes, it's just astounding. I would be paying cash for EVERYTHING.

[Luke]

Re: Mike Tyson making a comeback

The sameway people that make 50k a year go broke.

They spend more than they make

My point is that it's difficult for me to fathom that level of retardation.

Honestly, I don't see how someone who's ever had access to more than, say, 5 million dollars has ever bought anything on credit. When I read shit about actors and sports stars banking $200M plus in their careers and yet somehow they end up with credit woes, it's just astounding. I would be paying cash for EVERYTHING.

My question is do you pay for everything in cash? Probably not because just like Tyson you dont want to wait to purchase something.He got the 300 million over 20 years not all at once.Had he got 300 million at once he could have bought his 6 houses and 20 cars in cash but when you get an average of 3 million a year over 5 years,then 8 million over 5 and so on you dont get the 35 million dollar checks till the end of your career and who wants to wait till their 40 when they can have it all at 23 by signing loans?

300 million over 20 years is 15 million a year ,less than a lot of actors and you hear about actors going broke all the time(Nicolas Cage).

Now making 15 million a year average after taxes ,promoters,trainers, drivers, stylist, maids and publist you're probably looking at around 7.5 million per year . The house payments on the houses are probably close to 2 million a year ,property taxes are close to 500k a year. So you're down to 5 million a year and that doesnt include jewelry ,his 20 cars,motorcycles, boats , planes, trips,5k suits, and 150 leeching friends .I'd say after everything Tyson had probably close to 2 million a year to put in savings. When you quit boxing after 20 years and you have 30 year loans on 6 houses and not alot of money saved its easy to see how he went broke.

Now is he stupid for going broke? Yes but so is everyone else that ends up bankrupt because they overspend also just on a smaller level

[SPX]

Re: Mike Tyson making a comeback

I'll say this shit, if I was making $5 million a year then I would still never buy shit on credit. I mean, fuck, let's say my ass had 5 million in the bank right now and knew that that's what I had to live on for the next 365 days. I could go buy a $3 million house, a Lamborghini AND a BMW, and enough top end shit to fully furnish it all, and still have over a million left over for vacations, drugs, and prostitutes.

Probably the most money in a year--after taxes-- that I've ever made in my life is around $19,000 and I was able to live decently on that.

[Luke]

Re: Mike Tyson making a comeback

I'll say this shit, if I was making $5 million a year then I would still never buy shit on credit. I mean, fuck, let's say my ass had 5 million in the bank right now and knew that that's what I had to live on for the next 365 days. I could go buy a $3 million house, a Lamborghini AND a BMW, and enough top end shit to fully furnish it all, and still have over a million left over for vacations, drugs, and prostitutes.

Probably the most money in a year--after taxes-- that I've ever made in my life is around $19,000 and I was able to live decently on that.

I totally agree with you.I think all these morons that go broke that had 100s of millions are idiots. I wasnt defending his ignorance I was just explaining how it can happen.

Most of these guys that go broke didnt have anyone to show them how to manage their money,everyone was too busy trying to make money off them.

Most people are too stupid to manage 40k a year so it doesnt surprise me when millionares go broke .Just because they're rich doesnt mean they dont have a 70 IQ

[SPX]

Re: Mike Tyson making a comeback

I think the problem is that people always want more. I mean, I admit, the highest paying job I ever had was $30K a year (before taxes) and I've certainly wanted more. But it seems that you would eventually hit a point where you're like, "Okay, I have enough now" and would focus on other things. Granted, I've never been there to know for sure, but I think that if I were making a few million a year then I'd be cool. Maybe even a million. The only things I would lack would be a fucking mega-house custom built to my specifications with 30 rooms, including a vintage 80s arcade and an armory, and a private jet. Those are two things that I've always wanted that I'd really need more than a million a year to have. But other than that, I think my needs would pretty much be met.

[Luke]

Re: Mike Tyson making a comeback

I think the problem is that people always want more. I mean, I admit, the highest paying job I ever had was $30K a year (before taxes) and I've certainly wanted more. But it seems that you would eventually hit a point where you're like, "Okay, I have enough now" and would focus on other things. Granted, I've never been there to know for sure, but I think that if I were making a few million a year then I'd be cool. Maybe even a million. The only things I would lack would be a fucking mega-house custom built to my specifications with 30 rooms, including a vintage 80s arcade and an armory, and a private jet. Those are two things that I've always wanted that I'd really need more than a million a year to have. But other than that, I think my needs would pretty much be met.

People do get to the point where they have enough things .Those are the ones that turn to drugs and turn into addicts instead of going bankrupt


Not many rich people just become happy and live a great life even though they should

[SPX]

Re: Mike Tyson making a comeback

I'd really like to not have to worry about money. I don't feel that money alone would satisfy me, but it would silence one of my constant worries, and would allow me to spend my time pursuing things in my daily life that were meaningful and important to me, instead of going to work doing shit I fucking hate and don't give a fuck about.

[Luke]

Re: Mike Tyson making a comeback

I'd really like to not have to worry about money. I don't feel that money alone would satisfy me, but it would silence one of my constant worries, and would allow me to spend my time pursuing things in my daily life that were meaningful and important to me, instead of going to work doing shit I fucking hate and don't give a fuck about.

Amen

[Mr. IWS]

Re: Mike Tyson making a comeback

These idiots didnt blow as much as Tyson, but still pathetic.

http://sports.espn.go.com/nba/columns/s ... 0otlwalker

[Luke]

Re: Mike Tyson making a comeback

These idiots didnt blow as much as Tyson, but still pathetic.

http://sports.espn.go.com/nba/columns/s ... 0otlwalker

I just read Walker was attempting a comeback. Maybe he and Sprewell can play with each other cause no one else wants them