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.
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?
@patrickdunn8918 Agreed. They were meant for the car as well, granted the C7 generation had cracking issues on stock wheels so your C8 is fine. I have owned 3 performance cars and all 3 I was perfectly happy with the looks of the stock wheels.
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.
Especially in a career where most will last 4 years or less. If they get $1 Million a year and live off of $200,000 that's over $3 Million in the bank after 4 years. Always be saving so you are not on that broke list.
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.
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.
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.
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
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...
lol,lol,lol,lol,lol….All fake !!! Just wants to look educated which he isn’t…ignorant he is…….How much editing was done to even show this small clip???lol,lol,lol,lol,lol,lol….
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
No, money coming in is DEFINITELY important. The problem is people forget about the money leaving, once they start seeing those big numbers flashing across their checking account.
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.
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.
@robertspies4695 Wrong. The original "we buy things we don't need with money we don't have to inpress people we don't like" quote was made by humorist and writer Robert Quillen in 1928, nine years before GC was born.
Rolex to a poor guy is class. To a rich person like a timex. Rolex is a great watch keep sake last a life time. Same with gucci. Older it gets better. Same with Louis Vitton. Good product. If you can afford it. Not a status symbol.
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
@shoeplayisbad1 Even the most REAL ones would go blinded by money. That's how destructive it is. Heck, the good ones are mostly the first one who gives you advice to jot waste it, but once or twice you dont listen to them, and start pouring it out to the "fake" ones, they would want some too... If they don't, then they are too prideful or too disappointed in you and stay away from all that. At that point, you lose the "Real" friends.
@shoeplayisbad1 In many cases, they were real friends until you changed the relationship by giving them money, by funding their lifestyle. You changed the dynamic by introducing a "reward" to them for being your friend. Even if they were the ones initially asking for help financially, the moment you make it a regular thing, it's on you. You turned them from a real friend (or family member) into being rented companionship. Essentially a prostitute, and why would anyone want to turn their friends and family members into that? And yet, they do....
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.
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
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.
First time I made real money I helped a few of my friends and family members. And it was EXACTLY like Charles says: The first time I said “no” they not only got upset, but also turned on me! Some even talked trash behind my back, people whose lives I helped change forever.
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.
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 🤔
I remember, nearly 50 years later, my business college professor said "if you remember anything from this class, remember to pay yourself first, put money back each and every paycheck and never touch it". At 75, I still have the first dollar I ever made. I also still have money back for when I get older.
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.
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.
As a licensed financial consultant, pro athletes need help as much as my neighbor. I would love to be able to help them protect their money for the long term and build a legacy for their families down the road.
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
So a father is the only parent able to teach children the value of money? What about the mothers? What is when the father is dumb and can't handle money himself? What is when the parent can teach their kids whatever they want about money, if the kids don't listen to them but rather to hip-hop lyrics and phony influencers who tell them to buy ugly, expensive stuff?
@einundsiebenziger5488 Maybe it's an old school thing, but a father and a mother have separate roles in a child's life, and what types of lessons and advice they pass on. For a very long time, it was the fathers role to teach the child about their responsibilities, about their duties and to instill values like discipline in them. It was the mothers role to nurture and teach them about caring about the well being of themselves and others, to instill values like love and empathy in them. If one person tries to do both, you very easily end up sending mixed signals which just confuses the child, even though the lessons each parent are meant to instill in their child aren't necessarily mutually exclusive, they end up appearing like they are. And if the child prefers the wisdom of hip-hop lyrics and phony influencers, that's a great indicator of failure on the part of the parents.
I'm 65 years old - been around a while - Charles has the biggest "it" factor (by far) that I have ever seen - and I'm not even sure how he does it. He's just flat out an interesting person - who you love to listen too.
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
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.
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.
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 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.
Mr. Sharpe and Mr. Barkley, Thank you both. I am 59 and my wife is 55-both in good health and thankful after 30 plus years of raising a family. No pig feet or neck bones for us, unless we wanted to try it someday. We are retired after full careers in the military and pharmaceuticals-which provide us with income and lifetime healthcare benefits. Your advice about investing/saving while you are 20 until you are 60 is wonderful advice. Asking yourself if the fancy new car with rims you purchase while in your 20s will keep you from retiring at 60 (and affording whatever home/car you want)-is brilliant! NOTE: Hopefully young folks heed this sage wisdom even if they are not professional athletes. 👍🏼
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.
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.
That's the culture today. People buy things for approval, to feel accepted, and then try to justify the purchase. A lot of us forget that we’re already worthy and loved just by existing. The modern human mindset pushes us to constantly ‘define ourselves,’ but most of that ends up being an ego race against our own reflection.
All of us know how much a million dollars would change our lives if we got it and spent it wisely. It's a shame to see athletes with an abundance of it wasting it
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.
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 😂
Funny they talk about oxtail. It used to be a CHEAP piece of meat. Now it is pound for pound on of the most expensive cuts if you take into account edible meat. Of course, many cooks use the oxtail for braising, stews, or soups due to the bones and cartilage. But I remember when my mom would ask for it in the grocery store and the butcher asked her if she really wanted that. They would package it, slap some random price (like $.49 for the whole thing) and send her on her way. Now, $15 a pound is not unusual.
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 smart enough to understand Dr J's advice and was willing to change. That's the very big difference
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
"And Dr. J said..."
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
“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?
@patrickdunn8918 Agreed. They were meant for the car as well, granted the C7 generation had cracking issues on stock wheels so your C8 is fine. I have owned 3 performance cars and all 3 I was perfectly happy with the looks of the stock wheels.
Unfortunately, Junior Bridgeman died on Tuesday March 11, 2025 from a Heart Attack. He was 71. RIP
🙏
Rip
Reasons athletes go broke
1) over spending to show richness
2) entourages and hanger ons
3)Divorce and child support
4) addictions
5) stupidity
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.
👍🇨🇦
Especially in a career where most will last 4 years or less. If they get $1 Million a year and live off of $200,000 that's over $3 Million in the bank after 4 years. Always be saving so you are not on that broke list.
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
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.
This applies to all people. Not just the athletes or young people.
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.
It is crew member, then store manager, then GM, then owner, then multiple owner; but yes, you are very correct!
Literally is not needed
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.
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
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
Ocho said, "Nothing I have is more valuable than my name"
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
You clearly missed Jason's point.
@greer2402
lol,lol,lol,lol,lol….All fake !!! Just wants to look educated which he isn’t…ignorant he is…….How much editing was done to even show this small clip???lol,lol,lol,lol,lol,lol….
@Willy-b5gsimmer down there Mr. Troll. Its gonna be ok.😅
He didn't stop TALKING over his guest.
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
No, money coming in is DEFINITELY important. The problem is people forget about the money leaving, once they start seeing those big numbers flashing across their checking account.
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.
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.
@robertspies4695 Wrong. The original "we buy things we don't need with money we don't have to inpress people we don't like" quote was made by humorist and writer Robert Quillen in 1928, nine years before GC was born.
Rolex to a poor guy is class. To a rich person like a timex. Rolex is a great watch keep sake last a life time. Same with gucci. Older it gets better. Same with Louis Vitton. Good product. If you can afford it. Not a status symbol.
Wow thats powerful ❤
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
Then they weren't real friends
@shoeplayisbad1 Even the most REAL ones would go blinded by money. That's how destructive it is.
Heck, the good ones are mostly the first one who gives you advice to jot waste it, but once or twice you dont listen to them, and start pouring it out to the "fake" ones, they would want some too...
If they don't, then they are too prideful or too disappointed in you and stay away from all that. At that point, you lose the "Real" friends.
Maybe@refkiriswansyah2830
@shoeplayisbad1happens with family too
@shoeplayisbad1 In many cases, they were real friends until you changed the relationship by giving them money, by funding their lifestyle. You changed the dynamic by introducing a "reward" to them for being your friend. Even if they were the ones initially asking for help financially, the moment you make it a regular thing, it's on you. You turned them from a real friend (or family member) into being rented companionship. Essentially a prostitute, and why would anyone want to turn their friends and family members into that? And yet, they do....
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
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.
Right! Same goes for a house: how many rooms can you be in at once? One...why do I need 8 and 10 bathrooms?
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.
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.
Women? You mean H0ES??
I watched "Broke,' on Netflix and it was a very informative video of an athlete's fame, fortune and loss.
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.
"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 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
" 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.
@stylewarz_nyc
Allies conquered Austria in 1945. Their Capital city is pronounced the way we say it is.
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.
First time I made real money I helped a few of my friends and family members. And it was EXACTLY like Charles says: The first time I said “no” they not only got upset, but also turned on me! Some even talked trash behind my back, people whose lives I helped change forever.
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.
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”.
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.
I went to ace hardware and the cashier told me I just missed Marshawn lynch, he bought a lawnmower.
I remember, nearly 50 years later, my business college professor said "if you remember anything from this class, remember to pay yourself first, put money back each and every paycheck and never touch it". At 75, I still have the first dollar I ever made. I also still have money back for when I get older.
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
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.
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.
Love listening to Charles- don't always agree with everything- but he is a smart man who calls it how he sees it
As a licensed financial consultant, pro athletes need help as much as my neighbor. I would love to be able to help them protect their money for the long term and build a legacy for their families down the road.
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
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 😅
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.
Who
So a father is the only parent able to teach children the value of money? What about the mothers? What is when the father is dumb and can't handle money himself? What is when the parent can teach their kids whatever they want about money, if the kids don't listen to them but rather to hip-hop lyrics and phony influencers who tell them to buy ugly, expensive stuff?
@einundsiebenziger5488 Maybe it's an old school thing, but a father and a mother have separate roles in a child's life, and what types of lessons and advice they pass on. For a very long time, it was the fathers role to teach the child about their responsibilities, about their duties and to instill values like discipline in them. It was the mothers role to nurture and teach them about caring about the well being of themselves and others, to instill values like love and empathy in them.
If one person tries to do both, you very easily end up sending mixed signals which just confuses the child, even though the lessons each parent are meant to instill in their child aren't necessarily mutually exclusive, they end up appearing like they are.
And if the child prefers the wisdom of hip-hop lyrics and phony influencers, that's a great indicator of failure on the part of the parents.
And this is why Charles Barkley is one of the greatest NBA players who never won a championship…
I'm 65 years old - been around a while - Charles has the biggest "it" factor (by far) that I have ever seen - and I'm not even sure how he does it. He's just flat out an interesting person - who you love to listen too.
He's funny without trying. A comedian storyteller and an athlete.
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
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.
These guys are so right. Don’t let having money ruin your life. It’ll go away quickly.
It is almost like most of them wasting their money have something in common but you can't say what it is without being canceled 😂
When they started sharing pigs part preferences it was priceless
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.
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.
Dr. J was so spot on!
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.
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..
To many baby mamas lol.
Whether you are rich or just scrapping by, cars are the #1 factor that keeps people from building generational wealth.
This youtube video should be mandatory viewing for anyone starting out in their very first job. Wish I knew CBarkley 30 years ago
Great lesson and advice here
Charles is speaking the truth. Listen up, young men.
This was solid 🙏🏽💪🏽
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
Shay Shay wild with his foods 😂😂😂😂
Mr. Sharpe and Mr. Barkley,
Thank you both.
I am 59 and my wife is 55-both in good health and thankful after 30 plus years of raising a family.
No pig feet or neck bones for us, unless we wanted to try it someday.
We are retired after full careers in the military and pharmaceuticals-which provide us with income and lifetime healthcare benefits.
Your advice about investing/saving while you are 20 until you are 60 is wonderful advice.
Asking yourself if the fancy new car with rims you purchase while in your 20s will keep you from retiring at 60 (and affording whatever home/car you want)-is brilliant!
NOTE: Hopefully young folks heed this sage wisdom even if they are not professional athletes. 👍🏼
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.
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.
Glad to see Charles giving Junior Bridgman some love!!
Classics, if I’m buying a car it’s gotta be a classic.
So many people will hear this advice & take it. But others will not. You can only do so much for them
Real Talk
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.
What a great clip. This should be shown to every rookie in every sport !! very sound advice
Charles when you was in the NBA I couldn’t stand you but now I could listen to you all day long I just love you
That's the culture today. People buy things for approval, to feel accepted, and then try to justify the purchase. A lot of us forget that we’re already worthy and loved just by existing. The modern human mindset pushes us to constantly ‘define ourselves,’ but most of that ends up being an ego race against our own reflection.
I came from nothing, but I had no desire to throw my money away when I finally started making some.
Best advice 4:14very sound advice
Love both these guys. They're always totally real, and they both have common sense AND a bit of humility.
I worked for a Wendy's that junior bridgeman owned, he came in once, super nice, super smart guy
When coaches, parents and peers emphasize sports over education, your future is already written and for many, that future will be bleak.
All of us know how much a million dollars would change our lives if we got it and spent it wisely. It's a shame to see athletes with an abundance of it wasting it
I always enjoy listening to Charles.
Such a real interview....Barkley said a lot of important shhh in this clip!
Everyone doesn’t get rich. Large money spikes are rare. Appreciate it and be smart
"Comparison is theif of joy. ~Teddy Rossevelt
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.
Knowledge and facts 💯 👏
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 🤭🤫
I love that he mentioned Dr. J!
Charles listened to the right people
Funny they talk about oxtail. It used to be a CHEAP piece of meat. Now it is pound for pound on of the most expensive cuts if you take into account edible meat. Of course, many cooks use the oxtail for braising, stews, or soups due to the bones and cartilage. But I remember when my mom would ask for it in the grocery store and the butcher asked her if she really wanted that. They would package it, slap some random price (like $.49 for the whole thing) and send her on her way. Now, $15 a pound is not unusual.
Because rich people discovered it and drove the price up
So true, love oxtails, but nowadays they are so expensive!
Barkley is awesome!!!! Always much respect for him…
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.
I live in MKE and I’ve always been a Bucks fan, I loved those Bucks teams that Junior Bridgeman played on!
Great discusion!
We will always love Sir Charles here in Arizona.
And big fat women. 😂
Just be careful. He has multiple DUI s. Scottsdale Police know him well
You gotta live like you're broke
Me. 63. No car. I ride a bicycle only.
I’m retired and have my home paid off
And large money in the bank. Life is good.
Glad to see you guys educating the young persons.
With all the athletes that go broke they clearly can’t afford it. Having the money for it doesn’t mean you can actually afford it.
Great content 😊