Why do Fighters always end up Broke?

It's a dumb question.
That's like a girl going to a concert with hundreds of people, 2 guys there are mean to her and she walks away thinking, "why are all guys jerks?".

You focus on the vocal minority. You could have 150 very nice armenians.... get stomped by 3 of them (like my buddy did) and then think, "all armenians are brutes".

In this situation you have media/boxing news outlets that aren't going to tell the story of, "Mike the boxer who made a decent amount of money throughout his career is living well and with in his means."
No, you hear the about the few stories about "Tyson is flat broke and the bank is foreclosing on his house."

 

No doubt each individual boxer has there own story as to how they bungled all their cash away. Mostly reckless spending and being robbed by people they trusted.

 

Holmes and Foreman are smart guy's they know how to manage money>>>...
Dumb****'s like Tyson, and Mayweather are dumb assholes, you don't need 9 cars, a pet tiger, a 100 thousand dollar rolex watch, or some dumb *******, working for you that's gonna be your yes man and clean your house and go buy your coke,,, and clean after your skanky 10 grand a night tuna hole hooker..
Dumb MOTHER ****ERS BRING THIS **** ON THEMSELVES...

 

1. Cause they have to keep it real.
2. Make it rain.
3. Start a record label
4. Start a promotion



Just a few of the top of my head.

 

just saw on the local news that Holyfield's mansion is back up for foreclosure along with two other homes he has in the Atlanta area.

:-(

 

Having a big entourage, wanting people to do everything for you, thinking the money will never run dry - all these things are reasons why.

 

Generally, the two I can think of that started a record label and promotion are two of the wealthiest fighters and good money managers.

Floyd and Roy never have to work another day in their lives, while they both have very flashy personalities, the truth and cold hard fact is, Roy has something like 65 mil in assets and Floyd, probably even more.

 

what they generate and what they take home, there's a complete inbalance, they might generate a lot of money but how much of it do they see after paying all the bills and i don't just mean the gas and electricity

fighters don't have a salary like normal workers, so they don't get paid if they don't fight and with the nature of the sport that could be months or years meanwhile they're spending the money like they have a fixed salary

the way boxing is with there not being a central authority, protective body or association practicularly anyone no matter what their background/history or how unscrupulous they are could end up in a fighters corner and that includes trainers, would don king have been able to enter any other sport so easily the way he did in boxing with his history?

 

His religion doesn't let him use condoms.

Why'd you think he has so many kids?

 

Blood sucking leeches that attach themselves to the gravytrain. When the train stops, they get off with their pockets loaded. Tax is another big problem no fighter seems to see coming.

 

Rims.

 

Entourage.....entourage...bitches..not being financially educated as Mexjew said. Coming from the bottom you are not told how to manage or sustain wealth. So, we are naive and spend like kids.

 

Rims too. Rims too.

 

I am a financial advisor and the problem is, most likely, that they really have no idea how money works and how to invest money. They are good at what they do and get paid well for doing it but then they get involved in business ventures that make no sense or they purchase houses that cost way to much to operate. I read somewhere that Evander's house in Atlanta cost over $11 million dollars to build and costs something like $50,000 a month to run. Thats insane! How did he think he was going to pay $50,000 a month for the rest of his life just to keep his utilities on?

 

@ my previous comment i was just kidding guys (hope it didn't take offense to anyone). I fully understand why fighters have a tendency to end up broke.