Adrian Peterson Goes Broke After Making Over $100 Million In the NFL, Creditors Auction His Stuff 😳
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- Опубликовано: 27 авг 2024
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THIS is why KS never included most athletes/entertainersin the HVM category. They get their money in a different way and never accumulate the wisdom that goes along with the money.
I wouldn’t say they “never accumulate the wisdom that goes along with the money.”
Many of them do.
black athletes need to start having more conversations about maintaining wealth and they need to share information with each so they can make smarter decisions (information is power)
@@coolbreeze2.0-mortemadfasc13 no doubt, I feel you on that point. I’m just now seeing that a lot of them are either misused by the people around them (some that they hire and family) or they aren’t keeping track of their spending. I used to think that all of these guys were riding into the sunset 🌅
@@treiskushrenada6332 Correct. They not high value men because their money matures faster their mindset.
@@markparhamThe nba and nfl have rookie symposiums and provide financial literacy and advisors to these players each year of their careers. These guys just poo poo the information.
He has 10 kids by a bunch of women. They didnt mention that...
He was living like the money was gonna run out or he was gonna be dead or in jail! He was living like a drug dealer!
Does he? 10??
@@StarGlide-ms4vx 10kids isn’t the reason. He was just buying and doing whatever he wanted. Money is freedom to do things and have things. And he used all of his freedom up!
@@truthbetold9257 definitely but that child support and I'm sure Marriage alimony isn't cheap he gotta take care of those children's lifestyle and the Women.. 🎯
Same situation with,Tyreek Hill....
multiple baby momma's....
taking out loans to pay off other loans is crazy and letting a 2007 bmw get seized in 2022 after retiring from a $100m career is even crazier.
Preach
He needs to be broke.Pro ballers need one wife .Learn how to invest.
No one told AP to live off the interest of his money?!! He had NO financial advisers around him?! Nobody?! Wow.
I'm sure financial advisors were lined up to help him. He was irresponsible and it is finally catching up with him.
His financial advisors needed to be advised against because I can guarantee you many of them were leeches
All these advisors/Lawyer's make there 💰off of there mistakes/actions thru the debt... That's why they mislead him 💯
We gotta stop passing the blame on to others cause he f up, could of not brought gold chains,cars and trick off 304s.
@@stevesoto6731 Agreed.
Ocho very frugal though. He stayed in the stadium for the first two years.😂
That's why he still rich. He built the nessary money habits to never be broke again.
Smart man
Nothing wrong with that.
Sounds like Smart decision. Did a GREAT job with his money.
Living in a stadium for two years is crazy. 😂😂😂 you can’t justify that shit at all PERIOD.
They go into debt with the agent before they get their first check.
They are in debt on draft night. Suit, Jewelery and image
Some players have started to stop getting agents a lawyer on an hourly basis is much cheaper.
True but he made enough money to pay all that back.
dont forget the "boosters" from College
But don’t you need an agent to get picked up to for a team?
My brother played in the NFL for nine years just retiring three seasons ago and he still has the same Ford Raptor that he purchased after getting drafted😂 I tell him all the time I’m so proud of him for not being like the rest of these knuckleheads financially, and spending money on a whole bunch of stupid stuff.
I literally said the same thing. These athletes need to start living the way they will post retirement. Buy a 400k-500k home cash, a nice luxury car, save your money and start an account you can’t touch until you are 55. Allen Iverson went broke but was saved by a deal his agent did where he couldn’t touch his Reebok money until a certain age. These stories are getting ridiculous.
The way I heard it from my people in VA. That was A.I. homie idea. He was going to give him a cut of the reebok deal and he told them to create that account that he couldn't touch
@@user-bc4bu2dy6f that was super smart. It ended up working out for him when he lost what he thought was everything at the time. More athletes need 401k type accounts
A.i never been broke lol. We see him all the time here in north Carolina. Trust me he good good
@@derekallen1994 do some research pumpkin. He did an whole interview talking about how he went broke from drinking, clubbing and gambling
A.I. is a bad example. He has definitely been hard off because of bad spending but he learned quickly how to use his name to continue to bank roll.
I stated this on unc channel if you spend money with your EGO instead of intelligence you bound to go broke
I can swear to God that u ain't got a million dollars. 😂😂 yall gotta stop. Out here talkn bout millionaire financial strategies and never even had 100k unkess it was ppp. Gtfoh. I jus need to figure out why yall talk about how to spend and earn money if u never did it urself and dont have nothin. How can u not feel crazy when typing stuff like this.
Exactly @@bbkingme8831
these guys have people around them who don't care abount helping them save,,,,but helping them spend
crazy..because athletes can eat for free(at the facility), live for free (at the facility) drive for free(car from a sponsor , the team itself or another veteran player ), etc. , if they want to..which would save them tons of money while playing...but they hardly ever do
It’s probably a ton of restrictions to do that. If it was really that easy every player would do it. It’s probably only offered to certain players under stipulations. I bet they’re watched like a hawk too, with no privacy
there is no restriction, Gilbert arenas stayed in Golden state warriors facility his first year cause he already spent his first year cheque before he got it. They eat for free at the facility, and even take packages home with them. Jaylen brown and Kristaps porzingis live in the same building in boston and always ride together, the last example is just an example, not that either of them are broke@@Tashasmith7388
After hearing crazy ass "Antonio Brown" tell how he saved his gameday checks, I was like wow.
That’s why AB hasn’t begged to get back on an NFL roster.
It’s not $100 million… it’s more like $52 million.. remember the taxes
I think I could squeak by on 52 million. I can make 5% on my money like falling off a log.
Minnesota taxes
It's something how people who grow up poor either get the bag and live cheap or get the bag and over spend. Most over spend. Same with lottery winners. If you don't change your habits, you'll be poor again.
The inevitable divorce will be the knockout blow
He was literally boxing Le'Veon Bell a couple years ago.
If he had just took $10 Million or 10% of that $100M back then to an investment banker & put it into a well thought out diversified stock portfolio back in 2007-2012 it would be worth over $100 Million today… & let’s not even get started on Real Estate, I don’t understand dudes smh 🤦🏾♂️
It doesn’t work like that. Certificate of deposits or broker accounts net you somewhere around 3-9% annually so that 10 million would only be around 2 million.
That’s how he lost money, people telling him to invest then they popped his pockets
He was taking out loans while he was still playin!!!
He was already broke especially being on Child support 🎯
'Learn to fail in a controlled environment.' That's golden! 👏🏾
Benefitted me greatly as child
All AP had to was put his money SPLG, QQQM, and the top 7 companies in America. That 100 million would of been 300 million right now. Smdh!!!
40% of that going to the IRS. A chunk to Agents, lawyers, etc. He never had 100 million. Also, he's got a bunch of kids too, so CS eating away his NET. Plus, misuse and unwise money and spending choices. But, had he done what you said with at least half of what he had left, he would of been GOOD. right now.
Dude could’ve just lived a normal life and still been rich. 60 million gone to taxes, agents, etc. and 40 million in his pockets. That’s more than enough to drive a nice car, have a nice house, and send your kids to private schools amd still leave millions to your kids.
@themiseducationoftheameric7407 facts. But if he did what I stated, he would have more than $100 million after the taxes and all the agent fees. He should have lived only on his endorsement money like Marshawn Lynch.
@@Mailman_Fresh They be trying to keep up with everyone around them bro. That’s why they be failing
@coolbreeze2.0-mortemadfasc13 Definitely, all he had to do was live on his endorsement money. He made millions in endorsements.
AP has like 12 kids by different women...
Right. Child support was taking a lot of that money.
I think Chanel, Gucci and Prada got that money, I doubt the baby mothers where putting their children in private school.@@mdbradley0
That’s why he is still trying to get back into the league right now. I believe he could contribute and then pressing for the all time record.
lol That dude is not contributing to an NFL team as a running back. Maybe a running backs coach.
@@coolbreeze2.0-mortemadfasc13he could pass the water
If he made 100 million, he took home less than 50 million
Nah 53 million
I don’t know why Ocho lied and said he started catching on in year 3😂 he was very smart with his money from the jump. He didn’t even buy or rent his own place to stay, he slept at the team facility his first 2 years until they made him go get an apartment😂
Ocho saving lol
Ocho senso....😂
Make no mistake… if you played in the league…made millions … and you are not a multimillionaire… own a yacht … majority owner of team…then you slipped… these guys out here working everyday … they in the same boat as AP…. Muscle Men/ Icons/ Superstars … sitting around chatty patty ing all day… ridiculous
Divorce is right around the corner for Mr. Peterson.
Agent takes theirs off top and back. Cars, mansions, jewelry, chicks, tricking off on chicks, child support, clubs, the homies and not paying TAXES.
I’m so glad I made it later, man. Just a few years ago I’d lose everything.
Yeah, I finally seeing financial success after 33. For years I was jealous of my peers getting 50k jobs at 23 while I struggled to get a 40k all the way up until 27 then had to pay student loans off, 100k. Now im 35 nearing 100K, no debt and in the market for a house and possibly a Porsche while others still havent paid their student loans off, underwater with houses, wife debt and cars they cant afford plus children and divorces.
@@poindextersheelturn436 I am an athlete, how do I transfer my wealth and maintain it? I currently have a business idea which will maybe help my case.
What do you recommend?
💯💯💯💯💯💯
Ninjas refuse to read, buy courses, mentorship, or get coaching from professional investors/entrepreneurs. Wealth game isn't complex. Black folks won't learn the rules. Yet somehow we're always breaking the rules.
Them same investors be scamming these dudes. Put the money in the bank and stop thinking you’re going to be some investmemt mogul. You’re not.
@@coolbreeze2.0-mortemadfasc13 yep..the financial advisor knows a rube when he sees one (the average pro player is a rube financially)
Saddest thing is that these young fellas can probably hit up some of these OGs and have a sit down with them… so that they learn about the pitfalls of money and women… but they all want to learn the hard way instead.
Another crazy thing that they talked about on Nightcap was the fact that AP paid for 300 of his friends and family to go to the Super Bowl. FIRST CLASS flights and accommodation and meals and drinking expenses for THREE HUNDRED people… think about that… his people should be ashamed. And I bet you that 80% of those people prob don’t even talk to AP much anymore.
@@coolbreeze2.0-mortemadfasc13like Kevin garnet
@@coolbreeze2.0-mortemadfasc13like Kevin garnet
This is rough for "A.P." right now...he has to do something...or else lose everything! "A.P." stay strong and make the right moves.
great information these conversations are needed in the black community
I think AP has a bunch of kids too though. So that ain't helping him.
They take care of all family members. And their friends.
a kid who used to play w/my daughters on aau her sister played on an aau team sponsored by AP; said they had all the gear and got flown everywhere first class....
mo money, mo problems
It’s never more money more problems in these cases it’s simply blowing money fast literally
BMF
No money MO problems
When your trophies 🏆 are in a storage unit, U are broke homeboy 😆 🤣 😂
$100 million minus all the taxes and fees. Still a good amount but let’s stop pretending that it’s a $100 million in full.
Playing again😳 yea ok🤣🤣, that's crazy he blowed that
Another Professional Athlete going broke after leaving their profession after 3️⃣ years?! I am so NOT shocked or surprised 🙄
Same repetitive foolishness over and over with these athletes.
One of the best running backs in NFL history. The NFL should give him a job. We don’t know the whole story. Hope it turns out good for him.
Yeah man, for every Shaq and LeBron James (billionare pro athletes) there are 100 pro athletes who have lost it all after their careers are over.
Look up what A.P. spent on his 30th birthday party.
Bruh…that thumbnail!
Trump lost 400 million. Curt Schilling lost about 120 million. Bruno Mars has a 50 million gambling debt. Barkley loss over 30 million gambling. Jordan loss every cent he made in his playing days. About 70 million. Had it not been for those shoes Jordan would have been over with.
AP Should have purchased 2 or 3 McDonald's Restaurants and a Couple of Chic fila Restaurants, the business investments would have put him in good shape.
The first thing supposed to do is sit down with a financial advisor investvyou money i have 401k n a roth ira
Very good content here full of gems. TY
I’ve always said to these athletes on why they didn’t get a good enough degree while in college so when the NFL/NBA doesn’t work out they have a nice degree to fall back on. In a way they wouldn’t have to work a regular job if they had a good degree
Because they tend to live a lifestyle based off the face value of their contracts instead of their actual take-home pay.
embarrasing
Entertainers going broke will never go out of style and will always be Comedy for the rest of us regular people. No advice you give will save them
That's my niece's husband, Ashley Brown and this is news to me...
Bruh am I the only dude that ever struggled. When I get some money I got out of debt and paid my bills for the year. So if the worse comes to worst I be straight until the next opportunity. I don't know how they think that money about to last if u can't even work past 35 and 40 at the super max.
Dear lord if you ever see it fit to bless me in this way I will not do this…
It's called big balling, shot calling until you go broke...😢
100 million 💰👀
Ap wish he had the right people behind him now.
U Dead wrong for this thumbnail bro 😆
The "transferable skills" that these ex-atheletes have is coaching or commentating. Some are even savvy enough to leverage their celebrity into acting, podcats, or even networking with more affluent financial investment groups such as real estate and stocks.
Not 100 million 50 million after taxes, agency fees, other dues
10 babies that's 2,160 payments if he didn't stay with either of his baby mothers.
Another overlooked factor are addictions, gambling, sex, spending, drugs, etc.
He was broke while he was playing
That’s what people who lived through the stock market crash say. They changed their ways so they never got caught like that again.
DUDE GOT A LOT OF KIDS THATS PROBABLY WHY HE BROKE
As a wise man once said VANITY.... VANITY IT'S ALL VANITY!!!!
The first thing you do with 100 million dollars is get a security team 50+, then buy a bunch of Bugattis, Ferraris, and Lamborghinis, then couple of 36 room mansions in LA, NY, Hawaii and in Europe 👌then million dollar watches and chains and rings😮
If I was him I would go to the NFL or college he would make a great running back coach. He's one of the greatest running backs in the game history. He can make some millions of his name alone and if he can make running backs better he can do that until he's old.
Maybe he can ask Trump for a loan 😂😂😂
@12:06
FreeGame! Take Notes 📝
That's a lot of money to mess up . 🤦🏽
they dont get those checks up front, they get paid a weekly salary(and no pay during off season). so they spend like they got 100mil and not thinking about taxes and expensea.
Some teams pay per game some teams pay twice per month. The catch is you still have to pay taxes per location. If you play against San Fran and then LA the next week your getting killed in CA taxes
100Ms is a crazy pot of gold fr. With the first 2Ms I’d be set fr(house, a few vehicles, the xtras), then a nice pot of 💰for health reasons for my career (nutritionist, trainers, etc). Then become an investor and etc.📈📈📈📈
Save your money,So your money can Save You!!!
He didn't watch the documentary on ESPN called "Broke". Lots of pro athletes went broke. Blowing the money, bad investments, family with their hand out.
You gotta be on top of it. Know every dime you're spending. Know how much you have left. Don't borrow money. No need for that!
Chad Ocho Cinco is known for being great with money.
100 million is like 35 million
Which is more than enough to drive nice cars, live in a nice home, and send your kids to elite private schools. People do it making 350k a year.
He blamed it on his family
The man also has like seven kids so that’s child support on top of that too
Well half went to the IRS. And he blew the rest. 😂
Plus he has 10 kids. I believe more than half of them are on Child support and he's gotta handle his Marriage 💰🙄🎯💯
@@StarGlide-ms4vx10 kids?
@@StarGlide-ms4vxThis guy could be my little brother and has 10 kids. 😂😂😂
@@1983jcheat I didn't believe it either... Then I googled it he has 7 with other Females and 3 with his wife.. lots of Athletes get lost in the sauce and don't realize they sign there Life away with lawyers and financial advisors while trying to maintain regular living Necessities then you add child support 🎯🙄💯
@@1983jcheat Trust he's jus a year younger than me... He had 2 during college Years and then got drafted. Groupies 🙄💯
Thanks
I bet the people he helped out are living better than him .
Anton is speaking facts. Adrian was trying to leverage he’s contract. The problem is that he’s contract was not an asset.
That NFL contract never is because it's not Guaranteed 🙄💰💯🎯
All that running making millions in the league down the drain...damn AP!!!! This is sad....
damn AP .. smh
Child support and Merrill Lynch probably popped
Them
Pockets
A LOT OF THESE ATHLETES DON'T KNOW FINANCES A LOT OF THEM CAN'T COUNT MONEY BRO REAL TALK THEY DON'T KNOW HOW TO COUNT MONEY IT IS VERY SAD😢😢😢😢
Yikes 😬 100 M's ... Where did it all go? Don't tell me bad investments or Financial Advisor did em dirty.
how in the F do you blow that kind of money away.
He had money problems the last few years of his career.
Innumeracy and illiteracy gi hand and hand ub the ados community 😢
100 million is not net
50 million after expenses. Taxes agent lawyer accountant etc
Thats why all these ballers should major in finance accounting law etc
And nfl should set plan like irveson got with Reebok
Take portion to invest so at retirement you get 209k a year for life
That way nobody goes broke make it law in all sports even if the guy gets 75k a year he can get a studio in Mississippi and be ok
Peterson just has to be real. It’s time to get a job at espn fox or nfl network as an analyst
Reach out start a podcast
No the running back position is an average of 3.3 years
Gimme 10 percent of 100 m‘s…I’m coo‘
He played 15 years because he had to. 100 mil becomes 50 mil after fees and taxes, so over 15 years he averaged 3 mil year which is easy to blow.
He's means he's financially stable because they haven't touched his NFL pension
His agent may have stolen from him, all the endorsements he didn't know the cut he was getting or the taxes he had to pay and then the career ends and they are in a mess. The agents cleaned house, the lawyers got their cuts, and with vultures around you your're listening to slick talking women, family, etc. Happens all the time. I think this is poor black family culture too. We can milk the one successful family member to death mentality. Sorry to see it happen to anyone. Seen regular folks lose it all due to family.
It’s easy for you to say what you would do when you never experienced what they have truthfully I don’t know what I would do with that kind of money
Sad
This is so sad man
That 100 was really more like 40 once said n done! But they don’t get that so they spend like they really have 100mil.🤦🏾🤦🏾🤦🏾