why does joe frazier live in poverty?

Discussion in 'World Boxing Forum' started by rjko23, Jun 19, 2011.

  1. s.sarwar7

    s.sarwar7 Active Member Full Member

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    If more fighters were smart they wouldn't even need to earn more money they should just be able to live very comfortably off it for the rest of their lives
     
  2. rjko23

    rjko23 Boxing Addict Full Member

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    exactly.... i love ali for a million reasons but the way he treated frazier made me lose some resect for him. he didn't need to ridicule him the way he did. calling him gorrilla and uncle tom! for a man so passionate about racism in america surly that just added fuel to the fire. ali was being racist himself!

    i think he actualy respected frazier and also feared him which made him act that way.
     
  3. gambleer

    gambleer Well-Known Member Full Member

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    Acelino Freitas had to leave school in the 5th grade to train boxing.
    He didn't make as much money as many of the guys mentioned, but he and his wife managed the money wisely and now Freitas has a very good living (not a billionaire, of course) and became a congressman.
     
  4. rjko23

    rjko23 Boxing Addict Full Member

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    seems a shame the guy died without any money to pass on to his kids! im glad we look after our ex champs in this country!
     
  5. PopeJackson

    PopeJackson Well-Known Member Full Member

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    In a way he did pass money down to his kids. His daughter stole much of his fortune.
     
  6. fighting_J

    fighting_J Member Full Member

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    Joe was manipulated by quite a few people, and as a result ended up broke. It's a damn shame that a legendary fighter like him ended up living his last few years like that.
     
  7. Farmboxer

    Farmboxer VIP Member Full Member

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    Bad investments and fair weather friends..................it's a shame...........but nobody could take away his championship!!!
     
  8. yagbols

    yagbols Member Full Member

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    Legacy doesn't pay your bills...just saying (how do you put a smiley face?)
     
  9. goblin 2

    goblin 2 Blue Goblin Alliance Full Member

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    how did Fraziers daughter take his flow? i want to know please
     
  10. brnxhands

    brnxhands Boxing Junkie Full Member

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    wow that makes me sick.
     
  11. brnxhands

    brnxhands Boxing Junkie Full Member

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    Bottom line is phoneys. snakes in the grass that he helped n when he had trouble they said **** him. Well **** them to. I give my last few dollars n my shirt off my back if someone needs. cant imagine fraziers situation
     
  12. madballster

    madballster Loyal Member Full Member

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    Frazier like many athletes never learned how to handle his money and finances. Low financial IQ. You see this everywhere, across all sports, all types of athletes. Basketball, boxing, baseball.

    For every 2 guys who keep their money together and invest conservatively and live frugally with their savings there's 8 who go bankrupt 5-10 years after their active career is over.