Barkley paid by the Communist party for his Hate white speech against Trump. He is a crook, he's a crony and is a liar. I'll bet That's that ESPN that's owned by Shanghai shinded of the Communist party. That's why they're doing this sell out.
Fast money builds ego, slow money builds character. This is a underrated blessing we normal people have compared to athletes, entertainers etc. Its hard enough to maintain budgeting and financial discipline as a 9-5 now imagine as an "overnight" millionaire.
I went from really poor to fairly wealthy pretty much overnight a decade ago (not pro Athlete wealthy but top couple percent income) and holy heck it took me several years to stop spending every paycheck like it was the last dollar I'd ever get. And that's in a career where I can theoretically keep working for 40 years, if I had been on a sports salary where you're making most of your lifetime income in a few years I'd have ruined myself.
@@maevethefox5912 actually pretty normal thing. just being able to do what you want. thing is steak becomes no more value than beans if you eat it every day.
The first time you tell them NO! That is what they remember. My uncle helped so many people finish higher education, payed for school and housing but as soon as he retired and started telling people no! They all started talking beyond his back and saying he was a bad person.
Be true to yourself. People are always looking for other people to subsidize the pain of laziness, idleness or carelessness. Your uncle is better off without those people in his life. Flees Ticks and Leeches are blood sucker’s (some folks are the same)
JUST had this happen to me. Been helping people in my retirement community for years, said no for the _first time_ a couple of days ago. Now I’m being shunned. F them.
The key to this conversation is: stop wasting money trying to impress other people. Be it cars, watches, jewelry etc. Impress them with what you do for a living. Impress them with your accomplishments in life.
We had a 15 year MLB shortstop for the SF Giants living 5 houses from us. He was a 6 time All Star. We lived in a typical suburban neighborhood, nice homes but not gated or snooty. Met him walking his dog. Great guy. 3 nice kids, drove regular cars, talked regular talk. I think his last contract was in the multimillions. Smart man.
Exactly! Just went to an online compound interest calculator. Threw in an initial $100k and said no further money added and assuming an 8% return. After 40 years, that's over $2M! Historically, the S&P has averaged 10%, so I went with 8%. Now, that doesn't take into account inflation; $2M won't be what it is now in 4o years. And an athlete is likely going to need money to live on well before 40 years, but it is just to show how important compound interest is... But you need to let it grow. Don't touch it. Don't pull money out of your retirement for emergencies, because your future is also an emergency...
I don’t mean to be insulting, but I find it very strange that you’re entering late middle life and don’t understand the idea of putting away money. Nothing Charles Barkley is saying is very groundbreaking… I just have to conclude that athletes are kind of stupid.
@@igit_7296 Better now than never. Anyway, most Americans likely heard and understand it, but many never really take the time to think about it or go through and work on saving or investing. Even now, Millions of Americans who are 65+ and eligible to receive Social Security checks have no savings or investments.
Public schools need to start teaching this stuff. I didn't know anything about money and nobody in my family did either. I was fortunate that some older men that I worked with, took me under their wing and coached me up to speed on how to NOT be broke. It's never too late to turn it around. I did and you can too.
@@igit_7296instead of not trying to be insulting (i know u werent trying to) try being more open minded. U dont know what everyone goes through, or what they're taught during their upbringing.
So much practical wisdom in this clip. Especially the part when Chuck said no matter how much you took care some people the moment the first time you said "No" they will hate you for it. I saw this happen a lot in real life.
Made me think of lottery winners or anyone who came into a large chunk of money. Suddenly cousins who didn't know you existed want to be your best friend.
I bought a new Corvette last year, and I love the car. Three times in one week, People asked me if I was going to change the wheels. The wheels on the car, we’re actually engineered by the Corvette team, for the car. Americans have an insane relationship with accessorizing everything these days. Have you seen some people’s phone case?
Ulysses Lee "Junior" Bridgeman (born September 17, 1953) is an American businessman and former professional basketball player. Bridgeman played in the National Basketball Association (NBA) for twelve years from 1975 until 1987, beginning with the Milwaukee Bucks. Bridgeman is the current owner of Ebony and Jet magazines. Despite never making more than $350,000 a season during his NBA career, Bridgeman has a net worth of over $600 million, making him one of the wealthiest former athletes in the world. Source Wikipedia
He was doing what Charles is doing now. Dr. J and players like him in the 70s were making less than Charles did in the 90s, so they had to invest to make it work once their bodies didn't let them play anymore.
About 50 years ago I read the following little pearl of wisdom in Mike Mailway's trivia column, "It is far less expensive if you learn while you are young, that all in life is vanity, it is people buying things they don't need, with money they don't have, to impress people they don't even like." Words to live by.
@@robertspies4695 No, it wasn't Carlin, although he said essentially the same thing a hundred different ways but this quote is from before Carlin's time. I'm sure it inspired him. He wasn't beyond gathering wisdom where he found it.
IT'S ABOUT LIQUIDITY!!! ITS ABOUT COMPOUND INTEREST!!!! ITS ABOUT RESERVES....ITS ABOUT CASH FLOW... NOT HOW MUCH YOU MAKE.. HOW MUCH YOU MANAGE TO KEEP... JB.OK
I'm so glad you are talking about this problem. It's a very important topic. When we're young and there's no tomorrow and everything is today, we generally don't think about retirement or just getting older and not being able to take care of ourselves financially. And, once you are older, have no savings, perhaps have health issues, it's hard to come back. I hope a lot of young people, it whatever profession, listen and understand this message.
That is good advice, even for low to midde income people who are not athletes, and regardless of race. I made that same mistake when those first paychecks came in. A few years later, I learnt my lesson the HARD way. Buy what is REQUIRED, not to impress.
And in another part of the interview he's talking about how he loves to gamble, but yeah, own one car and invest your money. Dude dropping millions gambling. lol
Between Dr. J and Moses Malone, Chuck had some really strong, positive influences who made him the guy we all like today. You can tell, he deeply appreciates those two for the mentorship they gave him - the different perspectives he never had before that helped him right the ship and become the Hall of Famer he is. Same type of things happen today. Rooks need vets, and all teams should have a seasoned, certified professional vet or two for the good of the team and younger players.
Man you are so right about that cause chuck really had some major influences in his life and even in his hall of fame speech he spoke on Moses Malone when he was like he taught him how to be a man and also showing him how to dress proper and also helping him get in shape as a chubby rookie and then he asked him why am I not getting the play and then Moses response was the reason why you not getting the play is because you fat and you lazy😂 then he spoke on Dr j as well during another moment I believe on tnt as a rookie being in the locker room nervous scared to approach him and he was like I don't know if I should called him Dr. J Mr. Erving or Julius and then as charles was sitting down In the locker he walks over to him felt his hand palm over his shoulder and then says how you doing big fella im doc and walks away and then Charles said that's it all that nervousness for nothing went all away😂
@@sellomashapo3595 errr Arenas retired 12 years ago. Vets now were rookies as he left the league. No idea what you’re talking about actually, Arenas is a peak troll who will say anything for attention, who underperformed the potential of his career. Name even 3 current vets in the league who fit that bill, the idiocy, and racism of Arenas 🤔
Junior Bridgeman played 14 years in the NBA late 1970's, but became a HUGE franchisee owner with over 100 Wendy's. During his playing days, he would litterally work in the off seaaon first as a crew member to eventual General Manager and then franchisee owner.
This is such an important conversation. I wish every young person getting a big payday (not just athletes but also actors, singers, or your stock options going IPO) heard this. Sadly, financial literacy is not taught in school and so many people are vulnerable.
What these athletes don't realize is once their careers are over with they're never going to make that kind of money again. If you want to retire at age 40(at most) and you want to live that high life its not going to last you the rest of your life you don't want to work again after your career ends.
Smartest thing to do is put every cent into an investment fund from day one and never touch the principal. If you do that you’ll never run out of money. Whatever you make on interest is your budget.
Barkley is spot on about not giving money to friends and family. As soon as you start that it never stops. Then they end the friendship if you do stop giving them stuff. It's sad
Ohco Cinco said it best. He doesn’t need validation. I’m 70. I always saved and invested. Now I’m comfortable but still live under the radar. I never come off as someone who has money. Keep it simple.
You don't buy the car so you can see the car while driving. You buy the car to go from point A to point B... The rims are nothing more than a cosmetic accessory
Thank you Chuck and Shay for the Junior Bridgeman story. I believe he played at Arkansas with Sidney Moncrief, man I liked that team, then on to the Bucks in the NBA. Chuck is so on point about bringing Mr. Bridgeman in to talk to the young players.
Junior Bridgeman, drafted in the first round by the LA Lakers (1975 NBA, 8th pick). He never played for the Lakers. Bridgeman was part of the multi-player trade that brought Kareem Abdul-Jabaar from Milwaukee to LA. The Lakers also traded Brian Winters (their best rookie from the year before), starting center Elmore Smith (who held a record 17 blocks in one game), and Dave Meyers (Ann's "little" brother). Bridgeman played in LA for the Clippers for two seasons near the end of his NBA career.
AWESOME advice was given to these gentlemen and they were smart enough to listen to it and live by it! I didn’t realize that about Junior Bridgeman. I vaguely remember him and had NO idea he had been as successful as he is. He definitely should speak to ALL rookies, of course, they probably won’t want to take advice from that “old man” whom they’ve never heard of before. Great video, guys! Thanks for sharing!
Thank you Mr. Holy Barkley for spreading your wealth of knowledge to bring awareness from previous past experiences so the young professionals athletes do not make the same mistakes out like you did.
Chuck would easily have been one of them if he was solely reliant on his basketball earnings. Losing 25m to gambling is not smart. That's more than his basketball earnings after taxes and fees. If not for TNT and his charisma he'd be one of the 80%.
You are correct because Barkley owed a Casino money and they went public because he wouldn't pay. They threatened to ban him if he didn't pay his debt, so TNT definitely saved him.
All these young professional athletes should be taught money management and finance by each professional league, as well as how to deal with women who might want to take advantage of them financially…and I say this as a woman!!!
He's right, they do Because of the athletes that went broke 40, 50 years ago "Boys will be boys" spends some time talking about the lifestyle and how the guys who don't fall into it are better off in the long run.
I always thought if I was a sports agent I would take my superstars to the sperm bank and then to get a vasectomy. 18 year sentence with a ball and chain for a few minutes of fun is poor math.
Word when these athletes first enter the league, they all gotta go thru the Rookie Emposium, they learn all about that stuff, it's just who chooses to listen and apply it
My apartment complex was right down the street from both an NFL stadium and the team practice complex. Three rookie players lived around me. The cars and stereo systems were amazing, the gold and diamonds were amazing as were the hookers that would be leaving in the morning. Those young men never made it to season two. I moved into a middle class neighborhood and there was another player across the street. He had a wife and a couple of kids. No flashy car or jewelry. Now it’s 24 years later. Just checked on his net worth and it’s $8.5 million.
Got a 2008 Cadillac DTS sedan brand spanking new. Still have it. Always up on maintenance and if dealer service representative says something may need to be replaced or kept an eye on ... I say, "Replace it now." Also do preventive maintenance and have it dealer detailed every year, inside and out including the engine well area. Looks and runs so smooth it can barely be heard. Not a month goes by when I don't find notes with offers to buy it. Nope. No need to replace this fine automobile with a new one and monthly payments. Bought this one new with savings and buy most things. (Refrigerator wadher/dryer, oven/stove) etc in cash. I recommend to everyone to save, invest and be wise with your purchases. You'll be comfortable and happier in old age.
We all know it but why isn't it a class in high school? High School is supposed to prepare us for life but it feels economics is deliberately left out of the curriculum. Credit card companies have a vested interest in young people not understanding credit. Banks and corporate America are invested in young people being in debt. So, why hasn't school adjusted? America wants us to stay dumb while young. We have a problem with an easy solution. When does the average American learn and truly understand what credit is or how compound interest works? Everyone should of known it before graduating high school and the fact that we don't know it is on purpose.
@@nunyabidnes6010 -- It isn't taught everywhere. Different states have different curriculums. I went to school in one of the better states for education (NJ) and it wasn't taught. I graduated high school in 2000 so maybe it has changed but from all the stories I hear from people financial literacy isn't taught in school. Compound interest, IRAs, statistics, accounting, macro and microeconomics were all introduced in college. Those classes still don't teach financial literacy to some. Financial literacy usually comes from a parent of someone you are acquainted with that happens to be well off. You don't learn about credit score in school and maybe you should learn it in school. I obtained a business degree without having any real discussion on credit score. We obviously talked about credit but not score because it is seen as an individual responsibility. How do people know what that responsibility means if they are never specifically taught it? I guess it is an L on parents but it should be an L on our education system.
This is a great conversation. How lucky he is that he got the advice when he did (and he knows it!). I watched the documentary on the Kelce’s on Amazon as well and there was a lot of discussion on post-career finances and what an athlete does after that part of their life is over.
Man o man is Charles right about Bridgeman! NBA needs to bring him in to speak to every rookie class. Drill t into their brains, Junior did so much with so little! This man should be in a partnership with the NBA for life
Barkley was well on his way to being in that 80%. In 2008 a Las Vegas casino was about to file charges against him for not paying his $400,000 debt. If it wasn't for TNT he would be broke from his gambling addiction.
So he's lived and learned a few things, some times those are the best people to listen to ... they know for a fact what the pitfalls are. Having experience with financial issues doesn't mean he isn't worth listening to.
You have to give credit to Barkley. He made lots of mistakes with money, but Barkley learned from his mistakes. He saw others like Magic, M. Jordan, Shaq, Kobe, Jr. Bridgeman, etc. making so much money from other income sources, and realized before it was too late that he wanted to do the same. He was fortunate that he was a well known athlete, but he earned that with his fabulous athletic career. The many other athletes that went totally broke and blew all their money on frivolous things never learned, and, unfortunately, will probably never, ever be able to afford the lifestyle they had when they were playing.
Neck bones and oxtails are good but these restaurants are charging $30 -$40 for 2-3 oxtails which is crazy. And yes we as blacks always think we have to take care of everyone that gave us $50 one or two times. Give them a solid check for $1500 and move on. Mom and dad and that's it. I'm not even taking care of my siblings.
@@Goffe909my cousin used to own the biggest car dealership in my state - one of the richest people in the state - we ain’t even bought a car from em in at least 3 decades 😂😂 I asked my dad when i was a kid “how come we never get our cars from Ray? He won’t hook us up?” And my dad said “he ain’t make all that money by giving it away!” But he let us borrow a dodge viper once to go to a big Supercross event when I was like 12, so that’s cool.
I always thought, if I make it, I'll pay for your college, I'll help with your business, whatever. I'm not buying you a car, or a watch or something you're going to sell or waste.
Chuck's point was "Don't put them on the payroll!", meaning don't be giving them money on the regular, even your parents. They aren't dependents. You wanna do something nice for your parents, pay off their car note or their mortgage. Do you want do something nice for the whole family and got a bunch of a cash to spare, take everybody on a vacation. Put money in an educational fund for your nieces and nephews. But don't let them ever feel like they are entitled to your money. That's what poisons relationships.
Just human nature if you think about it. Most people try to impress or try to act better than others. You see it everyday with classism, racism, sexism, and lookism. Everyone no matter what hypothetical level they are at always tries to step on others they perceive below them to get ahead.
Those that do not have endorsements should not be even spending heavy to be honest. Not guaranteed a contract after your first. They way he explains it is really exactly like it is portrayed.
It’s so true when you cut them off the cash they hate you. When my nice and her husband told her kids just ask uncle money bags for a new car or cash. That when I cut all of them off from the cash. You are totally right they are still mad at me. lol.
I like how the conversation veered into the subject of soul food. Poor people food from the past is still loved by rich people who experienced it as kids.
The problem is some try to bring everyone they know with them and even women they just met. You can definitely go broke trying save everyone you know with money.
Charles himself said in this full interview he gambles about $20,000 per hand and has lost $1 million in one night…so I don’t think he’s the guy for that message 😂
Deep talk right here and straight up advice to young brothers making it big on how to manage wealth the rich mans way.Antother Club Shay Shay specials👏👏👏
A lot of it is mass spending with little to no regard on how to save or properly invest money. Entourages can be expensive but when you own 5 or 6 homes in different states, 20+ cars and have muliple kids with different women who expecting child support and alimony because by law you have to continue giving them the life they had while they are with you and raising your kids. All that money goes real quick even with sponsors.
This is my first time here, and I just subscribed. I believe I heard Allan Walsh (a major NHL player agent) say that the average playing career for an NHL player is 4.5 years. I appreciated Charles for giving numbers for NBA and NFL players.
Charles was smart enough to understand Dr J's advice and was willing to change. That's the very big difference
Barkley paid by the Communist party for his Hate white speech against Trump. He is a crook, he's a crony and is a liar. I'll bet That's that ESPN that's owned by Shanghai shinded of the Communist party. That's why they're doing this sell out.
Wasn't him in massive debt due to gambling?
@@rockyscarlet Yes he did
He’s telling that story but spent over $10 million on gambling
@@rockyscarlet- never in debt for his gambling, but called out for it
Fast money builds ego, slow money builds character. This is a underrated blessing we normal people have compared to athletes, entertainers etc. Its hard enough to maintain budgeting and financial discipline as a 9-5 now imagine as an "overnight" millionaire.
I went from really poor to fairly wealthy pretty much overnight a decade ago (not pro Athlete wealthy but top couple percent income) and holy heck it took me several years to stop spending every paycheck like it was the last dollar I'd ever get. And that's in a career where I can theoretically keep working for 40 years, if I had been on a sports salary where you're making most of your lifetime income in a few years I'd have ruined myself.
Fast money brings slow problems
@@maevethefox5912 actually pretty normal thing. just being able to do what you want. thing is steak becomes no more value than beans if you eat it every day.
You are absolutely correct.
@@kknn523 that seems like an overestimate
The first time you tell them NO! That is what they remember. My uncle helped so many people finish higher education, payed for school and housing but as soon as he retired and started telling people no! They all started talking beyond his back and saying he was a bad person.
Be true to yourself. People are always looking for other people to subsidize the pain of laziness, idleness or carelessness. Your uncle is better off without those people in his life. Flees Ticks and Leeches are blood sucker’s (some folks are the same)
Me i aint no bank
JUST had this happen to me. Been helping people in my retirement community for years, said no for the _first time_ a couple of days ago. Now I’m being shunned. F them.
Be nice to people deserve it.
You probably dont want to be associated with people with that attitude anyway so that should actually be a blessing in disguise.
The key to this conversation is: stop wasting money trying to impress other people. Be it cars, watches, jewelry etc. Impress them with what you do for a living. Impress them with your accomplishments in life.
Great advice for anyone
"Impress them with what you do for a living"
Bad advice imo.
Or just simply stop caring about what others think of you, at all. Ez pz.
Impressing them is temporary. Always be grounded. One bad rumor or failure and everyone will turn on you so quick.
👍🇨🇦
We had a 15 year MLB shortstop for the SF Giants living 5 houses from us. He was a 6 time All Star. We lived in a typical suburban neighborhood, nice homes but not gated or snooty. Met him walking his dog. Great guy. 3 nice kids, drove regular cars, talked regular talk. I think his last contract was in the multimillions. Smart man.
Keeps his head down and looks after his family. A real man
If they go broke after having millions and millions they are morons and get what they deserve. I could live rest of my life with 1.5 million.
Brandon Crawford?
Imagine if a criminal finds out who he is, lots of trouble. He has to live in a gated community. Being vulnerable like that is not smart.
@@baxakk7374lol what? Just cus someone rich don't mean they have a bunch of cash in their house
Compound Interest is your BEST friend!
Exactly! Just went to an online compound interest calculator. Threw in an initial $100k and said no further money added and assuming an 8% return. After 40 years, that's over $2M!
Historically, the S&P has averaged 10%, so I went with 8%.
Now, that doesn't take into account inflation; $2M won't be what it is now in 4o years.
And an athlete is likely going to need money to live on well before 40 years, but it is just to show how important compound interest is... But you need to let it grow. Don't touch it. Don't pull money out of your retirement for emergencies, because your future is also an emergency...
FACTS!!!
Or your worst enemy when it’s compounding in debt like a high interest credit card. Why you have to pay more than the minimum
Albert Einstein said it’s the 8th Wonder of the World! 💪🏾🤑
OR YOUR WORST ENEMY
As a guy entering his 40’s I’m so thankful for podcasts like this. So much knowledge is being given if you just listen. 🙏🏽
I don’t mean to be insulting, but I find it very strange that you’re entering late middle life and don’t understand the idea of putting away money.
Nothing Charles Barkley is saying is very groundbreaking… I just have to conclude that athletes are kind of stupid.
@@igit_7296 Better now than never. Anyway, most Americans likely heard and understand it, but many never really take the time to think about it or go through and work on saving or investing. Even now, Millions of Americans who are 65+ and eligible to receive Social Security checks have no savings or investments.
Public schools need to start teaching this stuff. I didn't know anything about money and nobody in my family did either. I was fortunate that some older men that I worked with, took me under their wing and coached me up to speed on how to NOT be broke. It's never too late to turn it around. I did and you can too.
@@donaldcornwell1151 I think high school is too early for most, most kids don’t pay attention to anything in high school.
@@igit_7296instead of not trying to be insulting (i know u werent trying to) try being more open minded. U dont know what everyone goes through, or what they're taught during their upbringing.
So much practical wisdom in this clip. Especially the part when Chuck said no matter how much you took care some people the moment the first time you said "No" they will hate you for it. I saw this happen a lot in real life.
This is so true in my own life, and I’m not even close to being rich 😂
This is true and you dont have to be a millionaire for it either.
Same here. I was broke and it happened to me. Lol
only low class people would be that way.
Made me think of lottery winners or anyone who came into a large chunk of money. Suddenly cousins who didn't know you existed want to be your best friend.
“I can’t see the rims while I’m in the car” was hilarious.
They not for you to see it’s for the others
That was his point @@justthisguy1948
I bought a new Corvette last year, and I love the car. Three times in one week, People asked me if I was going to change the wheels.
The wheels on the car, we’re actually engineered by the Corvette team, for the car.
Americans have an insane relationship with accessorizing everything these days. Have you seen some people’s phone case?
Genuinely one of the smartest and wisest dudes I've ever listened to, in or out of sports. I could listen to Chuck talk all dang day.
Ulysses Lee "Junior" Bridgeman (born September 17, 1953) is an American businessman and former professional basketball player. Bridgeman played in the National Basketball Association (NBA) for twelve years from 1975 until 1987, beginning with the Milwaukee Bucks. Bridgeman is the current owner of Ebony and Jet magazines. Despite never making more than $350,000 a season during his NBA career, Bridgeman has a net worth of over $600 million, making him one of the wealthiest former athletes in the world. Source Wikipedia
That's up there with Roger Staubach. Most impressive!
FORMER PISTON AND DETROIT MAYOR DAVE BING IS A BILLIONAIRE!!
Louisville,Ky stand up!!!
Bot comment. Jerry Jones owns the Dallas cowboys . Started as a player. Billions
He invested in Wendy’s Franchises and owns over 160 Wendy’s restaurants among other investments.
Dr J. Pure class, gave Charles great advice.
Some young players isnt able to understand, willing to listen and able to take in what Dr J said. That's a very big difference as well
He was doing what Charles is doing now. Dr. J and players like him in the 70s were making less than Charles did in the 90s, so they had to invest to make it work once their bodies didn't let them play anymore.
About 50 years ago I read the following little pearl of wisdom in Mike Mailway's trivia column,
"It is far less expensive if you learn while you are young, that all in life is vanity, it is people buying things they don't need, with money they don't have, to impress people they don't even like."
Words to live by.
George Carlin quote.
@@robertspies4695 No, it wasn't Carlin, although he said essentially the same thing a hundred different ways but this quote is from before Carlin's time. I'm sure it inspired him. He wasn't beyond gathering wisdom where he found it.
How about how great of a listener Shannon is. Letting Charles talk and letting the conversation continue. Mad props.
What is so great about that. He wants to listen what he got to say
Sir Charles is not only a great athlete, a great person, all around nice guy, and he’s a very wise man. Stay well Mr Barkley
It’s not about the money coming in,
it’s about the money going out 💸
Actually it's both bud
IT'S ABOUT LIQUIDITY!!! ITS ABOUT COMPOUND INTEREST!!!! ITS ABOUT RESERVES....ITS ABOUT CASH FLOW...
NOT HOW MUCH YOU MAKE.. HOW MUCH YOU MANAGE TO KEEP...
JB.OK
That’s what my old man always said: you kids seem think that being rich is about Spending money.
Yeah, checking the outgoing money on back account is always a great reminder to put a leash on unnecessary things
Barkley tells the same stories in every interview. I watch all of them so I can retell all of them. He is a national treasure.
Yes, it's wisdom that keeps giving and giving to those who listen and apply it.
"u still eat pig feet? I do" 😂
Pig feet is awesome and tender.
😂😂😂
Hey, Chinese people pay more for pig ears and pig feet. Them's delicacies. Why you complaining? 🤣
Scrap they used to give in slave people🤷🏾♂️🤦🏿♂️
Eh HE HEHEHEHEHEHE!!!
I'm so glad you are talking about this problem. It's a very important topic. When we're young and there's no tomorrow and everything is today, we generally don't think about retirement or just getting older and not being able to take care of ourselves financially. And, once you are older, have no savings, perhaps have health issues, it's hard to come back. I hope a lot of young people, it whatever profession, listen and understand this message.
This applies to all people. Not just the athletes or young people.
That is good advice, even for low to midde income people who are not athletes, and regardless of race. I made that same mistake when those first paychecks came in. A few years later, I learnt my lesson the HARD way. Buy what is REQUIRED, not to impress.
Whole facts, this Wisdom is priceless
You fall for this? These dudes living the life but talk like they're "humble" and "low key".
Please. lol
@@CinHalCedHerChance I don't think you even listened to what they said.
It's common sense
Wisdom from Charles Barkley? LOL. Shannon? Yep, but big mouth Barkley? Um, no.
And in another part of the interview he's talking about how he loves to gamble, but yeah, own one car and invest your money.
Dude dropping millions gambling. lol
THIS video, along with the Junior Bridgeman, should be required for ALL athletes. Good job guys!!!
Do you think that the leagues could mandate that ? .
Sir Charles always spittin' facts.
I watched "Broke,' on Netflix and it was a very informative video of an athlete's fame, fortune and loss.
Between Dr. J and Moses Malone, Chuck had some really strong, positive influences who made him the guy we all like today. You can tell, he deeply appreciates those two for the mentorship they gave him - the different perspectives he never had before that helped him right the ship and become the Hall of Famer he is.
Same type of things happen today. Rooks need vets, and all teams should have a seasoned, certified professional vet or two for the good of the team and younger players.
Man you are so right about that cause chuck really had some major influences in his life and even in his hall of fame speech he spoke on Moses Malone when he was like he taught him how to be a man and also showing him how to dress proper and also helping him get in shape as a chubby rookie and then he asked him why am I not getting the play and then Moses response was the reason why you not getting the play is because you fat and you lazy😂 then he spoke on Dr j as well during another moment I believe on tnt as a rookie being in the locker room nervous scared to approach him and he was like I don't know if I should called him Dr. J Mr. Erving or Julius and then as charles was sitting down In the locker he walks over to him felt his hand palm over his shoulder and then says how you doing big fella im doc and walks away and then Charles said that's it all that nervousness for nothing went all away😂
Sadly most vets think like Gilbert Arenas, good luck with that.
@@sellomashapo3595 errr Arenas retired 12 years ago. Vets now were rookies as he left the league.
No idea what you’re talking about actually, Arenas is a peak troll who will say anything for attention, who underperformed the potential of his career.
Name even 3 current vets in the league who fit that bill, the idiocy, and racism of Arenas 🤔
@@sellomashapo3595Gilbert Arenas? They said vets not people that been retired for decades 🤦♂️
The vets today trying to stunt harder than the rooks. They aren’t passing on the knowledge like in the past.
Love listening to Charles- don't always agree with everything- but he is a smart man who calls it how he sees it
Junior Bridgeman played 14 years in the NBA late 1970's, but became a HUGE franchisee owner with over 100 Wendy's. During his playing days, he would litterally work in the off seaaon first as a crew member to eventual General Manager and then franchisee owner.
Wow! What a beast, Hard-Working Men of the heroes of this country
Played for the Milwaukee BUCKS during this time owning Wendys in Milwaukee. WI
That’s fantastic. Start at the ground floor and work your way up.
This is such an important conversation. I wish every young person getting a big payday (not just athletes but also actors, singers, or your stock options going IPO) heard this. Sadly, financial literacy is not taught in school and so many people are vulnerable.
These guys are so right. Don’t let having money ruin your life. It’ll go away quickly.
Not a sock in sight on this one.
They dont need any socks. They are in hot azz Atlanta.
You have a foot fetish or something?
But 4 sweaty shoes lol
yes they do @@irissanders7487
ever heard of low cut socks
What these athletes don't realize is once their careers are over with they're never going to make that kind of money again. If you want to retire at age 40(at most) and you want to live that high life its not going to last you the rest of your life you don't want to work again after your career ends.
Smartest thing to do is put every cent into an investment fund from day one and never touch the principal. If you do that you’ll never run out of money. Whatever you make on interest is your budget.
Most don’t want to retire, a lot are forced to retire because of injuries or no team wants you.
Club Shay Shay is just amazing. I ain't got no other words to explain.
Love both these guys. They're always totally real, and they both have common sense AND a bit of humility.
Barkley is spot on about not giving money to friends and family. As soon as you start that it never stops. Then they end the friendship if you do stop giving them stuff. It's sad
Ohco Cinco said it best. He doesn’t need validation. I’m 70. I always saved and invested. Now I’m comfortable but still live under the radar. I never come off as someone who has money. Keep it simple.
Barkley is awesome!!!! Always much respect for him…
"I can't see the rims when I'm in the car" You also can't see the car when you are in the car.
You can see the interior and Everytime you walk up to it lol
But the haters can 😂
You don't buy the car so you can see the car while driving. You buy the car to go from point A to point B... The rims are nothing more than a cosmetic accessory
The interior is part of the car. You are wrong sir.
lol even if you were blind and backseat-riding, you can sure feel and smell that leather and wood
A lot of these athletes grew up without fathers in the home. Essentially what Dr. J. was telling Barkley is what dads tell their sons.
We will always love Sir Charles here in Arizona.
And big fat women. 😂
" I ate Vy-anna sausages" = Shannon sharpe
Bro, I thought I was the only one
What's the capital of Austria, Shay?
Everyone south of the North Carolina border pronounces it like that for some reason. 😂
I still eat them from time to time. Especially summeritme picnics.
Theyre great
The young once spend more money in luxury things and forgetting about future plans
Many young ones now gamble alot forgetting about plans before getting the money
It's true cars only make you look rich, the main plan is to be rich forever.
When getting money is young age it's the best time to invest is your future.
Its best to invest in stock or gold too it's really helps too
Charles is really talking out of experience alot of young people are buying cars just to impress others.
The message I heard was, “If you live your life focused on trying to impress everyone(look at me), you are setting yourself up for failure”.
Thank you Chuck and Shay for the Junior Bridgeman story. I believe he played at Arkansas with Sidney Moncrief, man I liked that team, then on to the Bucks in the NBA. Chuck is so on point about bringing Mr. Bridgeman in to talk to the young players.
Junior Bridgeman, drafted in the first round by the LA Lakers (1975 NBA, 8th pick). He never played for the Lakers. Bridgeman was part of the multi-player trade that brought Kareem Abdul-Jabaar from Milwaukee to LA. The Lakers also traded Brian Winters (their best rookie from the year before), starting center Elmore Smith (who held a record 17 blocks in one game), and Dave Meyers (Ann's "little" brother). Bridgeman played in LA for the Clippers for two seasons near the end of his NBA career.
Vinnie "The Microwave" Johnson is also doing very well these days in business.
👏🏾👏🏾👏🏾
I'm happy to hear that. I always respected his game growing up, even though I hated the Pistons.
construction and automotive...500m the microwave still has some heat 😅
Trying to impress women and people they don’t know is why athletes go broke.
That one NFL athlete wanting to brag how rich he was at a table in Vegas.
Not realizing he was sitting at the table for people that have oil money
Definitely, seems like everyone is doing it nowadays. Which is sad I’m so many ways.
Such a real interview....Barkley said a lot of important shhh in this clip!
AWESOME advice was given to these gentlemen and they were smart enough to listen to it and live by it! I didn’t realize that about Junior Bridgeman. I vaguely remember him and had NO idea he had been as successful as he is. He definitely should speak to ALL rookies, of course, they probably won’t want to take advice from that “old man” whom they’ve never heard of before. Great video, guys! Thanks for sharing!
Thank you Mr. Holy Barkley for spreading your wealth of knowledge to bring awareness from previous past experiences so the young professionals athletes do not make the same mistakes out like you did.
What a great clip. This should be shown to every rookie in every sport !! very sound advice
When they started sharing pigs part preferences it was priceless
Chuck would easily have been one of them if he was solely reliant on his basketball earnings. Losing 25m to gambling is not smart. That's more than his basketball earnings after taxes and fees.
If not for TNT and his charisma he'd be one of the 80%.
You are correct because Barkley owed a Casino money and they went public because he wouldn't pay. They threatened to ban him if he didn't pay his debt, so TNT definitely saved him.
He's a good dude
He has Nike too
And he learned from his mistake. He's dropping great knowledge.
I guess that's how he learned
This was a real service to our young people. Job well done Shannon and Chuck!
Keep folks around that give you GREAT advice, keep ‘‘em around!!! Don’t be too quick to dismiss old folks we’ve seen it before.
00:34 Dr J told Barkley about Kia's in 1983?? 🤔🤣🤣
He had the 1st one
Kia has been around for decades. They've just been popular recently
All these young professional athletes should be taught money management and finance by each professional league, as well as how to deal with women who might want to take advantage of them financially…and I say this as a woman!!!
They do
He's right, they do
Because of the athletes that went broke 40, 50 years ago
"Boys will be boys" spends some time talking about the lifestyle and how the guys who don't fall into it are better off in the long run.
They do but unfortunately the majority of them don’t listen. Its sad.
I always thought if I was a sports agent I would take my superstars to the sperm bank and then to get a vasectomy. 18 year sentence with a ball and chain for a few minutes of fun is poor math.
Word when these athletes first enter the league, they all gotta go thru the Rookie Emposium, they learn all about that stuff, it's just who chooses to listen and apply it
Glad to see you guys educating the young persons.
My apartment complex was right down the street from both an NFL stadium and the team practice complex. Three rookie players lived around me. The cars and stereo systems were amazing, the gold and diamonds were amazing as were the hookers that would be leaving in the morning. Those young men never made it to season two. I moved into a middle class neighborhood and there was another player across the street. He had a wife and a couple of kids. No flashy car or jewelry. Now it’s 24 years later. Just checked on his net worth and it’s $8.5 million.
Frain
TBF those net worth numbers on internet are BS most of the time.
@@klapsigaarenbasgitaar1931 Well, they’ve got my net worth pretty darn close. 😉
Got a 2008 Cadillac DTS sedan brand spanking new. Still have it. Always up on maintenance and if dealer service representative says something may need to be replaced or kept an eye on ... I say, "Replace it now." Also do preventive maintenance and have it dealer detailed every year, inside and out including the engine well area.
Looks and runs so smooth it can barely be heard. Not a month goes by when I don't find notes with offers to buy it.
Nope. No need to replace this fine automobile with a new one and monthly payments. Bought this one new with savings and buy most things. (Refrigerator wadher/dryer, oven/stove) etc in cash.
I recommend to everyone to save, invest and be wise with your purchases. You'll be comfortable and happier in old age.
Financial acumen is key!
gotta stop buying Jordans so he can spend the community's money on Becky and her friends. Jordan is a piece of trash.
We all know it but why isn't it a class in high school? High School is supposed to prepare us for life but it feels economics is deliberately left out of the curriculum. Credit card companies have a vested interest in young people not understanding credit. Banks and corporate America are invested in young people being in debt. So, why hasn't school adjusted?
America wants us to stay dumb while young. We have a problem with an easy solution.
When does the average American learn and truly understand what credit is or how compound interest works? Everyone should of known it before graduating high school and the fact that we don't know it is on purpose.
@@semi6544 it is taught in high school. Y'all just don't pay attention
@@nunyabidnes6010 -- It isn't taught everywhere.
Different states have different curriculums.
I went to school in one of the better states for education (NJ) and it wasn't taught.
I graduated high school in 2000 so maybe it has changed but from all the stories I hear from people financial literacy isn't taught in school.
Compound interest, IRAs, statistics, accounting, macro and microeconomics were all introduced in college.
Those classes still don't teach financial literacy to some.
Financial literacy usually comes from a parent of someone you are acquainted with that happens to be well off.
You don't learn about credit score in school and maybe you should learn it in school.
I obtained a business degree without having any real discussion on credit score.
We obviously talked about credit but not score because it is seen as an individual responsibility.
How do people know what that responsibility means if they are never specifically taught it?
I guess it is an L on parents but it should be an L on our education system.
Charles is speaking the truth. Listen up, young men.
Wish Charles could talk this sort of sense on other platforms too. I enjoyed the take on managing money 💰
Man he giving wisdom for free and they don't see it! Sharp you have came a long way!!! This is wisdom being handed to us
This is a great conversation. How lucky he is that he got the advice when he did (and he knows it!). I watched the documentary on the Kelce’s on Amazon as well and there was a lot of discussion on post-career finances and what an athlete does after that part of their life is over.
You can only drive one car at a time, and a car is a depreciating asset.
I would call it a depreciating liability. It’s only an asset unless it’s making you money.
For most people that is true. Nowadays I guess it would be an asset to people who do Uber/Lyft, or like a DoorDash type service?
@@kikivon3501 True. Only if the income generated from the car still is able to bring in income after car repairs, maintenance, tag/taxes,car note etc.
@@Gman2002 sounds like you are some type of account or financial advisor? Way more knowledgeable than I am on this stuff.
I think having a 2 car garage is fine. A daily beater, and a weekend supercar.
Sharing wisdom. That's one of the best things you can give anyone.
My man, Charles, speaking the truth right here 👍
Man o man is Charles right about Bridgeman! NBA needs to bring him in to speak to every rookie class. Drill t into their brains, Junior did so much with so little! This man should be in a partnership with the NBA for life
CB did well. Great advise for all. Thanks
Whether you are rich or just scrapping by, cars are the #1 factor that keeps people from building generational wealth.
Barkley was well on his way to being in that 80%. In 2008 a Las Vegas casino was about to file charges against him for not paying his $400,000 debt. If it wasn't for TNT he would be broke from his gambling addiction.
So he's lived and learned a few things, some times those are the best people to listen to ... they know for a fact what the pitfalls are. Having experience with financial issues doesn't mean he isn't worth listening to.
The advice is still valid and his net worth far exceeds your net worth but thanks for playing.
You have to give credit to Barkley. He made lots of mistakes with money, but Barkley learned from his mistakes. He saw others like Magic, M. Jordan, Shaq, Kobe, Jr. Bridgeman, etc. making so much money from other income sources, and realized before it was too late that he wanted to do the same. He was fortunate that he was a well known athlete, but he earned that with his fabulous athletic career. The many other athletes that went totally broke and blew all their money on frivolous things never learned, and, unfortunately, will probably never, ever be able to afford the lifestyle they had when they were playing.
You don’t have to bring up someone’s faults to make a point.
And now gambling companies sponsor him…how the turn-tables😎🫡
Charles is the GOAT of life coaching
Chuck always had my respect because he was humble enough to be accountable and then change. That is true wisdom.
Barkley has always been an exception!
Neck bones and oxtails are good but these restaurants are charging $30 -$40 for 2-3 oxtails which is crazy. And yes we as blacks always think we have to take care of everyone that gave us $50 one or two times. Give them a solid check for $1500 and move on. Mom and dad and that's it. I'm not even taking care of my siblings.
I've a few family members in the millionaire club. I'd rather sleep in a homeless shelter hungry than ask them for a dollar. 😂
@@Goffe909my cousin used to own the biggest car dealership in my state - one of the richest people in the state - we ain’t even bought a car from em in at least 3 decades 😂😂
I asked my dad when i was a kid “how come we never get our cars from Ray? He won’t hook us up?” And my dad said “he ain’t make all that money by giving it away!”
But he let us borrow a dodge viper once to go to a big Supercross event when I was like 12, so that’s cool.
I always thought, if I make it, I'll pay for your college, I'll help with your business, whatever.
I'm not buying you a car, or a watch or something you're going to sell or waste.
Chuck's point was "Don't put them on the payroll!", meaning don't be giving them money on the regular, even your parents. They aren't dependents. You wanna do something nice for your parents, pay off their car note or their mortgage. Do you want do something nice for the whole family and got a bunch of a cash to spare, take everybody on a vacation. Put money in an educational fund for your nieces and nephews. But don't let them ever feel like they are entitled to your money. That's what poisons relationships.
Just human nature if you think about it. Most people try to impress or try to act better than others. You see it everyday with classism, racism, sexism, and lookism. Everyone no matter what hypothetical level they are at always tries to step on others they perceive below them to get ahead.
Recommend everyone to watch Lou Williams and the way he explains it. He explained it better than anyone else.
Lemon Pepper 😂???
Those that do not have endorsements should not be even spending heavy to be honest. Not guaranteed a contract after your first. They way he explains it is really exactly like it is portrayed.
The two of you were simply a pleasure to listen to.
Thank you
It’s so true when you cut them off the cash they hate you. When my nice and her husband told her kids just ask uncle money bags for a new car or cash. That when I cut all of them off from the cash. You are totally right they are still mad at me. lol.
The richest man in the room, is usually the quietest.
The thing about owning a lot of expensive stuff is that it not only costs a lot of money to buy it, it costs a lot of money to keep it.
Especially those super large houses.
This was solid 🙏🏽💪🏽
Charles has a good trait, he is willing to listen to and take advice. He doesn’t put himself out there as perfect, he made those mistakes.
Bless you, Charles, for that excellent advice for our young people.
Those New Balance are 🔥
what model are those?
@@dertfert745 I have to find out myself
I always enjoy listening to Charles.
Best advice 4:14very sound advice
Tremendous advice and conversation, not just pertinent for athlete's, but for all of us
I like how the conversation veered into the subject of soul food. Poor people food from the past is still loved by rich people who experienced it as kids.
Any 19 -22 year old gonna go crazy with millions of dollars
No..
The problem is some try to bring everyone they know with them and even women they just met. You can definitely go broke trying save everyone you know with money.
@@sanderkonto297 80% of them ? How many ?
With that mind set yes. Each person is there own.
@@rolandocedillo5685 most people are idiots..
He is right of course. ironic though that in the same interview he talks about losing 25 mil gambling
Charles, talk to them about not going broke because of gambling habits and gambling debts. Speak on that, please. 💯🤔
and strip clubs...
Charles himself said in this full interview he gambles about $20,000 per hand and has lost $1 million in one night…so I don’t think he’s the guy for that message 😂
@@Beep.Boop.Bop. I was just being facetious about Charles's bad behaviors
If chuck didn't have such a lucrative media career after basketball, I wonder if he'd be in a tough situation...
@@as-is89 He absolutely would be 🤭🤫
Charles was also smart taking MJs advice being compensated in stock along with money for endorsement deals
Deep talk right here and straight up advice to young brothers making it big on how to manage wealth the rich mans way.Antother Club Shay Shay specials👏👏👏
You can put your money into something where it grows and appreciates but not in a bank we need to learn and understand that quick
A lot of it is mass spending with little to no regard on how to save or properly invest money. Entourages can be expensive but when you own 5 or 6 homes in different states, 20+ cars and have muliple kids with different women who expecting child support and alimony because by law you have to continue giving them the life they had while they are with you and raising your kids. All that money goes real quick even with sponsors.
Charles was lucky to have 2 very mature vets like Dr J and Moses Malone.
This is my first time here, and I just subscribed. I believe I heard Allan Walsh (a major NHL player agent) say that the average playing career for an NHL player is 4.5 years. I appreciated Charles for giving numbers for NBA and NFL players.
This is the kind of leadership and cultural wisdom so desperately needed in our conspicuous consumption world. Grow your wealth, not your ego.