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Eddy Curry on How He Ended Up in Debt After Making $57M, House Foreclosed (Part 10)
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- Опубликовано: 30 июн 2022
- Watch the full interview now as a VladTV RUclips Member - / @vladtv
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Part 11: • Eddy Curry on Joining ...
Part 9: • Eddy Curry on Having 2...
Part 1: • Eddy Curry on Being 6'...
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In this clip, Eddy Curry talked about his financial issues during the tail end of his playing career. He detailed having a crooked accountant that took out loans in his name and defaulted on them. Eddy said he now helps incoming rookies avoid the same financial pitfalls he experienced.
Check out Eddy & Patrice Curry's Podcast 'Caramel & Chedder': playerstribu.ne...
If your accountant, business manager, or lawyer ever asks you to grant them power of attorney and you're NOT about to slip into a coma FIRE THEM immediately!!!!
No matter how hard you work for your money. There always somebody working just as hard to take it from you.
Facts
U better remember that part
@@rgtowns what? It’s no way your a millionaire or billionaire and you haven’t took a loss!!!!!!Your confused or don’t understand money. The ones that keep money try to minimize losses. If your not taken losses here and there your not gaining really.
Facts especially when they realize you’re not paying attention.
@@rgtowns LOL. Read the biographies of wealthy people. They all have been ripped off at some point. You're human and no matter how hard you try you're going to trust the wrong person at some point. It's inevitable.
If I ever got my hands on that type of money I'll be so worried about going broke I'll be cheap as hell 🤣🤣
Easy to say when you don't have that money
It's not just spending it who is handling your money
Just pay your taxes and buy plenty of houses/buildings
@@kylegreaves1308 That could get you in debt to you can't just buy plenty of houses and buildings and thinking that the way to do it
I would be the Queen of the Thrift Store 😌 🤣
He seems like a nice guy who was surrounded by the wrong people every step of the way
And he also was making bad decisions. He shouldn’t escape accountability
Yea being too nice is downfall
Dude has been looked at as a meal ticket since he was in the 8th grade. The sad part is his parents didn’t take control and make sure these vultures and snakes stayed away. That’s why I respect Reggie Rose he kept the vultures away from D.Rose. Chicago is a different type of city king of the scammers and snakes.
@@diddy2612 well everybody is going to make bad decisions
@@doncolethepoet wtf are you talking about. No everybody is not
This mans heart is too big ....God bless him !
''No matter how hard you work for your money, there's always somebody else working twice as hard to take it from you'' - Dr. Dre
Shut up
In that case dr dre’s wife
I respect this guy. He is humble and can admit his shortcomings. Hopefully he can tell young athletes his story so they don't make the same mistakes.
He didn't accept no accountability. Lol. He blamed the accountant.
@@northharriscollege He accepted that he made some bad choices, like not having the right people around him and giving POA to his accountant. That is accepting responsibility. I hope he somehow has something stashed away.
Guy stay taking Ls
He literally just said he tells his story to young athletes you don't fucking listen 🤣
Man! This cat was a straight up fool. Period
Eddy Curry Is a prime example and a cautionary tale for young athletes and athletes in general what happens when you spend money and not have the right people looking after your money giving handouts to people you don't know,and having children by multiple baby mamas but today's athletes still don't get the message it's sad.
Facts these mfs don’t be use to money at all u don’t gotta live tht type of lifestyle
Facts
Why the hell would he give power of attorney away......homie was being reckless as hell....damn near idiotic.
Not just athletes anyone who gets a large sum of money from 100,000 to 100,000,000 people who never had money or didn’t grow up around people with money don’t understand how to use or manage money. The saying a fool and his money will surely depart is a true statement but one thing people with fame have over us that don’t have it it is that, fame is a currency in itself and they have a platform to relearn it easier and try agin with wisdom from their last fall I hope he takes advantage
@@ourculture4407 Fame is only currency when your relevant, & that’s usually the period when they’re the most reckless because they have a lot of $ coming in. Athletes & entertainers are the only people (outside of lottery winners) who can go from broke to rich with leverage in literally a few days after that contract is signed, before the real job even begins. And then they’re thrown into the spotlight & essentially pressured to monetize themselves so they company they work for gets more views
I went thru the same thing ...beware of broke thieves posing as accountant
Bish u tryna choose???
Ware u iz????
Think I found a new career field
@@Serglofrm lol and you will also find a new housing community, the FEDERAL PENITENTIARY lol 😂
5hundred thousand and gotta pay back 4mil? Damn who they get the loan from the Gambino's
Na, their rates aren’t that high. This some other shit right here.
it's so fucked up how ppl took advantage of this man. you can tell he a good brother!
Having a good heart doesn’t relieve you from the consequences of your repeated bad decisions.
The problem is they don't manage their own money... Only athletes and entertainers allows others full control over their assets. I know people making 7 figures, 8 figures.... they still balance their own checkbooks, pay their bills, etc. You don't need a "manager" or attorney to handle your money for general expenses.
They also try to live a lifestyle that is a fantasy - the cars, houses, baby mamas, etc. Only entertainers and athletes live like that.
I went to HS with 3 dudes that went to the NFL. They all played between 4-7 years and one of them has told their schedule is so busy to pay their normal bills and their never home etc.
I don’t get either but I never been a pro athletes making a few million. They’re all in good shape.
One thing they all did was none of them got married or had kids while in the league LOL. Nothing can be taken from since they don’t make that income anymore
Financial literacy is key. They always point fingers at the entourage or family members but NEVER point fingers at the accountants lawyers and agents who rob these players from high school to the end of their career. How he gave someone power of attorney is beyond me.
When you get to a certain level, you don’t get certain opportunities if you not tapped in with the right groups, agencies, lawyers etc
He graduated high school in 2001, he was also drafted by the Chicago bulls in 2001. Are the seven and eight figure people you know 18 and 19-year-olds?
It's young people who not used to having money and a busy schedule and bills, they fresh from skipping class they not ready to balance all of that on top of a busy schedule, meeting, practice, interviews, photoshoots etc and having to pay taxes in multiple states as well unless you came from an ivy league that's a lot you probably won't be prepared for even coming from an ivy league you know about it intellectually but maybe not from experience and that's still a grind to have to be up at 3am trying to get stuff paid in Utah while you're flying to Miami to do a 7am photoshoot before practice
No matter how much money you have always pay attention to YOUR money. Don’t trust anyone with YOUR money. Ask questions and any advisor or accountant that doesn’t want to take the time to answer your questions isn’t worth working with.
I've learned a vital lesson...Do not allow anyone to be in charge of your money. It's hard to trust nowadays. No excuse for your house to be foreclosed on while bringing home millions of dollars. It pays to be smart.
Well, when you're drafted into the NBA straight out of high school, read that again high school.......
@@Mr_Clean He do have parents right?
@@Mr_Clean Kevin Garnett, Kobe Bryant, Tracy McGrady, Amare Stoudemire, Kwame Brown, you want me to keep going.
@@philthy1585
And? What makes you think they knew any better as well? And plenty of them their parents were also a problem as well, financial literacy is rarely learned in regular public school curriculum I remember my mother telling me they learned to balance checkbooks at whatnot which was great for the time us however? We had ZERO I mean ZERO classes about about actually managing finances, we didn't learn about taxes, the different types of taxes, tax brackets(there's people who actually think millionaires/billionaires get refunds) they don't understand it that's why when those poor people win the lottery they go broke quickly most of them are parents! Few of them have admitted they didn't know their bracket changed and ended up owing the IRS. Those are the type who will hire accountants who then take advantage they believe they did the right thing bu hiring them and let's be clear there shouldn't be anything wrong with someone who doesn't have the right knowledge about finances to hire a professional we always call the person dumb or whatever but that shouldn't be the case the crooked accountants are CRIMINALS and are in the wrong. When someone hires a plumber or construction worker because they don't know what they're doing and the worker screws them over no one blames the person for hiring them, but it's something about a rich person losing money because of a crooked accountant that makes people blame the person instead of the crooked, criminal, accountant.
@@alexanderthegreat5649 Why are you writing me an essay? Even though they're drafted out of high school, if the parents are not in their lives for some reason, you think the team would step up and not allow these players to fall in these traps that people set up for those type of individuals. But then again...
For as much stuff he’s gone through. He’s blessed to be clothed and in his right mind. God is good.
ILL NEVER UNDERSTAND WHY U NEED A ANOTHER GROWN PERSON TO PAY YOUR BILLS
Important to have financial literacy no matter how much money you have.
Between his baby mother, accountant, & his trainer. This dude has been robbed blind.
His accountant wasn't doing his job? Dude WTF were YOU doing? 🤣🤣🤣
If Mo Money Mo Problems was a person...🤦🏾♂️
57 Bags and your in Debt WTF. BUDDY IS A Dummy . And Blames it all on the accountant. He took no responsibility. SMH!
Everyone screwed him over. Either he a bad judge of character or was just to young at the time. Damn
Bro he looks like he’d still get fooled right now lol
By 2008 he was 26
Well he was drafted by the bulls straight out of high school How smart were you with money at 18?
@@Mr_Clean you cant use that as an excuse cause for every Curry there are dozens of players who invested their money and their families are set for generations. Also, there are bozo athletes who went to college and didn't get to the league till age 21 that made millions that are now broke.
Eddy is giving us a education on money take notes !
I have Vanguard for my investments and manage it all myself using index funds, cheap and stays with the SP 500, yes it’s gone down lately but that means the more down the more cheaper which I buy and see growing overtime. No financial advisor, no accountant, no bs.
Yeah just buy VOO and let it sit forever.
Facts
Vanguard MF are great. I prefer to research and study and buy individual stock but as long as your invest your money wisely and take control of your financials, your going to be in great shape
@@mgers75 You can buy stock on vanguard and yes always do research.
@@mgers75 And I do not use vanguard mutual funds, I use Index Funds which are super cheap and self managed while keeping up with the SP 500.
What he went through, is why I don't trust nobody. Smh 🙏🏿🙏🏿🙏🏿🙏🏿🙏🏿🙏🏿🤴🏿
Not a soul… but that life you live and you learn
@@greggreg6886 when I heard him tell his story, My 1st thought (No good deed goes unpunished)
It's crazy how the players ALWAYS blame there accountants how they go broke.
How this accounts keep getting away with this kind of stuff?
I’m sorry I don’t feel bad for people stupid enough to not be on top of their own money
With that type of money I'm fleeing the country, and changing my name.
All he had to do was handle his own money while not running inside of random chicks and getting them pregnant. I have a couple of relatives that made it pro in a certain sport, and they never hired someone else to manage and to look over THEIR own money. Professional athletes are peer pressured by their teammates and coworkers to hire people like that as if it's a must. It's as if they start making millions and get scared to watch and handle their own money. I've heard way more than just a couple of bad stories personally from people that I've grown up with who decided to hire someone to watch, manage, and invest their money route to even ever consider doing it. Your giving a stranger full control over millions just because people around you feel like it's the best route to go, nah im good. I trust myself way more than that, because even if I blow a certain amount of my own money, it surely won't be all of it and nowhere close to it. And even if i did decide to blow a few million on myself, I would atleast have cars, houses and real estate property and jewelry to show for it after the fact. It surely wouldn't be me in a position like this talking about some guy that I hired spent up all of my money or made some bad investments on his watch to where my bread dissapeared without me knowing until after the fact. I know people who have millions who haven't hired accountants or people to watch or handle their money and they're ok till this day without any problems of losing their money. The question that y'all need to ask yourselves is why do the industry and entertainment business pressure these youngsters into thinking that they need to hire someone to watch and handle their money, yea to eventually take their money over a long period of time. So why would I run the risk of doing that after hearing countless professional athletes and rappers get bamboozled by going this route. I personally know a few athletes and rappers who have hired people to work for them like this, and their waaaaay better than me, because I wouldn't be able to sleep at night knowing some one else has control over my money and anything can go wrong at any time that has nothing to do with me. Common sense isn't so common anymore i guess. Once you have millions, you become the lick/target by the people around you, so it's best if you trust no one once you've earned a certain amount of money.
exactly. why would somebody making millions give up their money to somebody who is barely scratching over 100k a year ?
Read an article about a week ago that was describing him asking a judge to reduce the size of the payments he was required to make on a loan he had with a loan company from Las Vegas.
And the article only describe it as him taking out the loan. And also only describe the interest rate as if he took the loan at that high of a rate (loan shark level interest rate).
Now that I hear him describe how it went down, starts to make sense. Now that the bad journalism has been removed.
With all that, he is another classic case of how hard it is for the mindset to not change along with the finances and lifestyle. The other interview segment where he talked about the home invasion, he mentioned having so much jewelry, the big house, but he's still getting bootleg versions of movies.
Combine that with hiring somebody to be a personal driver who had a list of felony convictions, that's like people who say somebody they know may be selling drugs or doing other illegal things, but they're still a good dude.
When you have a drastic change in life like athletes have, you have to immediately change what type of people you're going to be around. That "still a good dude" before the contract is signed will easily turn into a nightmare.
HIs ex-wife that's going after his pension, he knew since 3rd grade.
He is such a humble man and it is so sad that people use the hard earned money of honest men to cheat them out of their wealth.God Bless You I only wish u health and wealth in your future endeavors.....
They say get an accountant and u hear shit like this. Its crazy
Great interview 🎥. Good to see honest genuine ball 🏀 players give me a look 👀 into their lives off court
I'm a salaried worker and I live within my means. No matter what i get paid, I make it work. I've never had to beg or borrow to even things out.
Yep... thats what i gotta get back to. I'm living a 150k a year lifestyle on a 90k a year salary 😅
@@NAT-turners-Revenge Do it immediately. I come from the future(turned 57 the other day). It comes up on you quick! And thank yourself for every sacrifice you make today for your future self.
@@eriknephrongfr8847 today is my birthday 😮
One way to tell a man is full of xxxx is when everything is wrong that what happened to you is always someone else's fault 🤦🏾♂️.
That’s wat I was thinkin, like he gotta take responsibility for sumthin
Eddy just seems like one of those naive kids that just wanted to play basketball and let everyone else handle everything outside of basketball. Ultimately it is his fault but can't hate of him too hard. Lots of deceiving and dirty people out there.
@@jasong782 yeah but I'll argue he was fully aware and just didn't care. There's no way you can forge a signature that easy and plus the fact he ultimately had to pay it tells a lot 🤷🏾♂️.
@@1Eashawty facts 💯
That accountant would’ve been sleeping with the fishes 😵🐠🐟
His account smiling right now
Always count your own money I don't care if you got an accountant or not
I can understand having financial advisors when you get that kind of money. You may want certain insight in stock portfolios, real estate, tax exemptions etc. Someone can probably show you the best place to put it. But then you have the finals say so on how it moves.
But why have a person who is managing your money? In my observation when most people have up to a thousand to their name, they are consistently checking their bank seeing what's going in and out. They do it at 10k. So if you get to millions why not do the same thing? I've seen so many stories where athletes give total access to some "professional" and they burn them. Happened to T.O., Clinton Portis and many more. If you got a job making 60k you wouldn't let the guy from your neighborhood whose always talking business manage your bank account. So why these guys?
Foreal shit crazy better off accounting it yourself or with your wife. Rare any of these guys say they don't get stolen from by financial advisors an accountants
Why have a person managing your money? Dude was drafted by the bulls straight out of high school. Straight out of high school I was managing $ on a $6.25 an hour job, he was making multi-millions.
@@Mr_Clean they claim those accountants are supposed to make your money grow and pay your bills you know celebs claim they don't have time to manage all of that and while they don't have that time the accountant has time to steal
Damn bruh, Eddie really been through some shit.
Handle your own money . Never an accountant nobody!
He’s had a lot of people take advantage of him, true. However, one thing I’ve yet to hear him admit is “it’s my fault”. Everything is finger pointing. From the ex wife (he cheated on), the trainer that got him robbed (he picked), the driver that sued him (that he picked even though people told him Not to hire him), to now the accountant that stole from him (that he gave POA rights to). Not saying he’s a bad guy we all make mistakes but damn man show some kind of accountability.
Very true. Keep pointing fingers at everybody else, except the person in the mirror.
Agreed
Exactly what I was thinking. No accountability. This guy is stupid all around. Why discuss your possessions with people you don't know, vouch for bad guys others warn you about, and chest on your wife horribly.
Dude, just own your shit. You're a fuckup.
He has listen to the other parts of the interview
He’s admitted that it’s his fault. Go back and listen
One thing I never understand is why they need a accountant to pay they bills. I understand someone to tell them where yo in vest money but u not touching my money or have control over my money
Bra 57 million homie come on, I can’t even get $57 dollar
Never give power of attorney to a lawyer or an accountant.
This is why I could be the only one in control of me and my account…if im already making 57 million then i’ll be happy with that and dont want to invest to where I need a accountant…
Imagine Owen 4 million dollars and still be good … mad respect for you eddy’ curry
Why would this guy give power of attorney to his damn accountant! I would not give power of attorney to anyone period!
Each part is an unfortunate story. Does he have good news?
Not if Vlad has anything to do with it 😒 He only asked him to come on the show because of all the tragedies which is unfortunate..Its already been proven that Vlad doesn't no shit about sports..He's basically doing with everyone else has done to Eddy which is Take advantage of him 😒
For every Eddie Curry there is another 10 athletes gone broke that you’ll never hear about. It’s embarrassing losing that much money, I wouldn’t even admit it.
500k loan turns into 4m?! Damn, that's painful.
NEEEEEEEVER, NEVER, NEVER, NEVER give these financial people Power of Attorney. Never.
ALWAYS KEEP TRACK OF YOUR O W N M O N E Y !! School taught us Addition, Subtraction, Multiplication and Division !
Not too many folks can go from zero to a hundred without getting into a crash. Musicians, actors, athletes all have the same story. The amount you put into getting money, women etc you have to in ten times as much to make sure your paper is safe.
It's sad how some one can get power of attorney from a able body strong man .
It’s always “my accountant” no it’s you
DAAAAMMNNN!!!!🤯🤯🤯🤯🤯🤯🤯🤯
THIS MAN JUST CAN'T GET A BREAK
You can't just give someone your bank account without checking on it, accountant or not. I feel bad for the dude, but you have to be involved enough to have an idea wth is going on
Damn his first wife was taking all his money and then the accountant started taking some too?? Sheesh man I feel for the big fella
You trust people and they fuck you over…You can’t predict that!!! God bless this man for telling the truth
How I ended up in debt......
I'm big and dumb 🤣
Hysterical
$500k turning into $4 million 🤯⚰️
Curry been thru alot. Dis Should b a lesson 4 all up n comin nba prospects!!!! Beware!🙏💯
Salute that brother got not killing somebody
Any chance you can somehow manage a Q & A for us with Eddy on your platform? It's made selfish but I wouldn't mind asking him a couple quick questions.
I would have went overseas and kept playing, if he played 9 years he was under 30, he had more years left to make good money playing basketball
These nikkas hit the lottery and proceed to make every mistake in the book. Shows you intelligence isn't what gets these nikkas success.
Listening to this story you see why ppl lose their lives over money. Vlad you should fine the accountant and see how and why he would do Curry like tht.
When this guy was a Senior in HS he was on a reality TV show about following around basketball prospects. He was so wild and unsupervised it's no surprise this happened. He was woefully prepared for adult life and responsibility. Now, this guy who made 57m is a debt to society due to his poor choices and associates.
Better off keeping track of your own money. Who says you dont need 50 mill in cash in a room at home. Lol
Chinese was known too keep money in they house they hate bank accounts
@@roxjaw2895 facts. You become a professional athlete and they tell you that you should let somebody you dont know manage it. Huh???
Lavar will never see his kids go broke
The cost and time to manage being a public figure, handling regular day to day stuff, plus staying on top of your job is difficult. Knowing regulations and laws governing your business and finances is a lot that’s why they often hire others to handle it for them. Unfortunately most don’t follow up or double check on what’s going on but it’s understandable. They need to start putting some of these folks in jail for cheating people.
Bruh ain't no way you just let shit keep happening to you, at some point it's his fault. A waste of millions of dollars....
To all young athletes, please take classes on money management, take care of your money and try your best to have the right ppl around u
Crazy how ppl will do you dirty and expect not to see you again🤔🤦♂️
Its always the accountant. U gotta watch them. U gotta pay attention.
Damn these accountants be getting these dudes. Same thing happened to Kwame Brown.
Damn His accountant and his Baby Mom both fleeced him.
They got him thru the Front and the Back Door.
Them a accountants + lawyer, they will get you
All a lot of players know is how to play ball these guys never had to think for themselves that's why they end up BROKE after getting rich
Rule #1 don’t trust anybody with your money! If you fuck it up cool but to lose 4 million without knowing is insane.
Bruh finessed himself. Unfortunately he had to learn the hard way. Stack back up and learn from this 🔑💡‼️
We need to know what happened to that accountant. I'd have found that man, and had "words" haha
Should’ve just set up autopay on all bills. My Daddy use to say don’t ever let anyone know how much money you have or let other people hold your money
4m”s 🙄 sheesh📌‼️😔
"I mean I don't know who makes the numbers up". And that my dude is your problem.
You can't trust anyone. People see you doin good and they take advantage.
Don't every trust anyone with your wifi password let alone your check book.
Never let anyone be in full control of your money. Not even your parents or your spouse
My thing is why do they need a person over their money?Keep track of your own money...And stop living above your means simple...
Damn his eyelids heavy af 😂
OMG he gave someone power of attorney. I heard and seen guys in the military getting screwed over by there spouses with that paperwork. When they were on deployment. You have to be careful and not be a cosigner.
How many cars did he have? How many people were on his payroll?
That Accountant needs to get a G check.
How times have changed. Now NBA players making 50-56 a year 😭😭
We need to know who that accountant was, expose theses types of people to the public.
The vig bro it's called a vig
Eddy this is exactly why you should have took the $400,000.00 a year for 50 years offer that was on the table
Like he knew it’ll be that way tho
That accountant would have to be dealt with. You can't mess up the money and just get off easy