Mr.Walker: You visited the Bar I worked at in Chicago, which was the Ice Bar. I want to thank you for your generous tips. You literally put food on my table, and helped me survive during a difficult time. If I ever strike it rich I will find you and pay you back. I realize you probably wont ever read this, but cant think of another way to thank you. Thanks again, and good luck financially in your future.
I have been an Antoine Walker fan since he played at Kentucky. There was this charisma about this guy that I could not understand, yet I respected him. I have heard how generous he was with his money. I know some criticize him, but it's so easy to do that from the outside. I wish he did not recklessly spend all of his money, but he sincerely tried to help a lot of people - which is impossible to do. The people of Chicago should embrace this man for stepping forward and for him telling his story about how he lost just about all of his wealth. Marc Rover, thanks for sharing your story - you're a genuine individual.
This is what happens when you leave the hood and tell all your boys you got their back when the paychecks come in, I wonder how many are still around right now.
Allen Iverson went through a similar situation. However, one of his closest friends had AI's back. And because of his friend's actions, it has been reported that AI will be financially stable.
Yeah she wants to be able to shit in one end of the house and walk the other and not smell it. So no a 300k home in any major city is literally a scum trap house. Look at socal. 400k gets your a POS fixer upper
Indy Debauchery you dumber than life piece of fuck...please show me where in egypt they got currency. afrikans the original egypt didnt need no currency. bet you think the egyptians are these white mofos here today too right cuz the WHITE MAN said so....nah fuck off
Listening to the interview, Walker still doesn't seem to realize that it's HIS fault that he had a huge entourage. Why does Mom need a home with 10 bathrooms and an indoor pool? Why did you not interview a money manager before handing him the keys to your fortune? Walker deserves his punishment. I bought NBA Live 99 for Nintendo 64 (with his mug all over the box) and he blew that endorsement money, too...
To Grapla: At 10:48: Where are his friends now? One will always have friends -- that can't help you. The ones who could from the outset *were never so!*
Thunda1986 they go through and offer those kind of help and advice when they 1st get drafted. They meet with all the rookies and go over how to manage $ what to watch out for
Thunda1986 you don't need to offer anything it's your responsibility for your own actions that's the problem with this country right now it's always everyone else's fault
This could happen to anyone but, only if you don't learn from the mistakes of others. Everybody by your side ain't on your side. Most are only there for the money.
Not me, I'd take them to a roadside taco stand. A combo easily 7 bucks. 2 tacos and a drink = S4.50 ish. Save $2.50. Hahahaha Foin looking gal once told me she was worth 60 bucks for (ahem) personal services. I passed. 2 weeks later at a store she approached me, again I passed. She would settle for 20 and bring a g/f along also. She practically had to beg me, but her friend said "Pretty please, I heard you were a nice guy." So I was nice, I gave in. It worked out to 10 a head, 'that' and the other stuff.
It's the entourages that kill these guys. They all have like 10 guys hanging around them all the time just leeching the money away for doing nothing. Pro sports leagues should make it mandatory to teach athletes how to handle their money, this really isn't uncommon, I see broke athletes all the time.
empire Every major league offer extensive mandatory courses on money management , dealing with the media / fame . But at the end of the day it's up to the individual to make his own choices.
Josh Dugan You can lead a race-horse to water, but you can't make him invest his winnings in an IRA. A fool and his money are always chance-acquaintances at best.
Felt sorry for this dude at first, but people need to get their priorities straight. I am not rich, but I save my money and am good with my money, and the biggest thing is, I give my money to good causes. It teaches me to stay grounded, and keeps me from being a slave to money. Today I am rich in life. Greed is a sickness.
you said the key word..... rich of life..... I felt a certain way when I had a thought that I may never get to drive or own a lamb or bug..... silly me, at my old stage, my thoughts revolve around, breathing good, eating good n being physically fit to teach my kids everything I know about fitness n movement. .. I could've made it to the nfl(I like to thinkk that lol).... im kinda glad I didn't, I would b barely walking around now...... peace
No, the Bible does not say this. It is an English proverb, not a Bible verse. Christians kill me. They haven't even read the book they're basing their life on.
This is the reason people need to stay in school and graduate! What is the point of coming out early in the draft if you're going from poor, to rich and right back to poor. Classes in basic Finance, Accounting and Economics will help these guys out. For every $1M one should expect to gain roughly $35K in annuity payments with an increase over time. $1,000,000 X (1.035)^1 = $1,035,000. $10M's=$350K per year ect. ect.
Ron Jones le bron came outta high school it’s the people around you...most people leave their best friends whom they struggle with in poverty and hook up with new ones who were born with silver spoon because they are on that leveland that’s the biggest problem because no best friend will ever tell to spend millions of dollar on houses
110 M is also way more than that compared to today. There is a lot more to the story than this it seems. People took him to the cleaners with his investments. Also if you don't keep up on your taxes you're done. Gambling losses are never revealed by people either. It's always way more.
See this is exactly why i feel NOTHING for people. People can call me selfish, and say whatever they want but im going to make sure IM OKAY before ANYBODY ELSE!!
Actually i appreciate a human being like walker who helps so many people. On a much smaller scale i used to help many many peiple including cousins etc. After all those years i never got anything back even a dinner. Which is the sad part. You can be so generous but it may hurt u too. I say antoine walker deserves the same amount of money he gave to help friends and family plus strangers. Thats it. The gambling part and others was his fault.
That what happens, everybody is your friend, but when the money is gone. None of the so-called friends will be around, same thing had happened. To M.C. Hummer, his friends, and family left him high and dry
I would and I wouldnt just say no . I would say "' Fuck no ! " with my two Rottweilers by my side. . Well trained Rottweilers are good investments if you get that rich !
The bank doesn't give interest anymore. Only do real-estate if you are willing to learn the game, just like Mr. Walker learned the game of basketball. Just take one building and learn from your mistakes. You manage your money. Make one building work, and then duplicate the process. I give money to people who look like me, not my skin color, my hustle. I don't know a person in my life who can ask me for 100,000 dollars. If I depart with that type of money you will have a business plan in your hand, you will think you are on the shark tank!
One thing my dad always tried to instill in me is "It's not how much you make but how much you keep" dam is this a perfect example. I'm almost thinkin this guy kinda deserves to be broke, I mean 10 bathrooms, traveling the world with 10 hanger-on's etc etc.
ok im trying to make rational sense of this but I keep coming back to this question: Why in the hell would you gamble if you ALREADY have money? that's like the whole point in gambling correct? just wow. and he said he got "burned" by a lot of people he gave money to but they would just disappear. so why would he keep doing it? insanity by definition is doing the same thing expecting a different outcome. so either Walker is insane or we have just witnessed stupidity at it's finest.
All I'm hearing right now is a quote from Forrest Gump's mother, which is "There's only so much money a man really needs. Everything else is just showing off". I know it's a movie but it's true nonetheless.
From reading about other athletes gambling issues, I honestly believe it's a way to escape from outside pressures. You're rich, but you're not as happy as you thought. You take care of your family & posse financially. In a way, it's a way for them to decompress and escape. I'm not a gambler personally and can't ever imagine being one. But things can change anyone if you're loaded with so much money.
these guys never have dealt with money. So whenever they get a bunch of money they blow most of it. These dudes aren't book smart at all. Which makes sense, all they ever had to work hard at was their physical performance, not mental performance.
This is why pro athletes go broke. They want to have an entourage of 25-50 around them all the time, and they also feel the need to show off how much money they have by buying all these luxury but unnecessary items. Why spend millions on a bunch of exotic cars just to park them on your driveway? Buying nice clothes is fine but it becomes ridiculous when you start buying these expensive custom tailored suit just to wear it maybe once or twice. It's good to take care of their close family and buying them a new home in a safer neighborhood to get them out of the ghetto. It's fine to help a sibling or even a cousin through college and maybe reward them with a affordable car if they don't have one. It's fine to buy parents a nice car and house. But it's foolish to try to take care of distance relatives who happens to appear before the ink even dries. It's stupid and idiotic to have a large group entourage around all the time and support them daily. It's fine to pay for a trip with a few close friends on special occasions. Only keep friends who are genuine and honest, have your best interest in mind and will say no and even argue with you because they have your best interest in mind. Many athletes believe that if they sign a one million dollar contract they have a million dollars to spend. But in reality, they have about half of that from taxes and percentages going to other expenses such as agent. A lot of athletes and rappers feel the need to support and provide money or lavished items to the people in their hood. Another major factor is the culture that is deeply embedded in the ghetto black community. Many black athletes or rappers believes that if they have a lot of money, they should buy things to show people that they are rich. Buying a substantial amount of expensive jewelries, multiple exotic cars with rims and custom items, and many more ridiculous lavished items that they truly do not need. I remember a manager in the Rap industry saying that majority of rappers will go buy expensive jewelries and all these lavished items as soon as they sign a record deal, and not have enough money by the time the first rent comes.
Moneygetjealous ... you should honestly be a economics professor or some type of financial advisor because what you said is a real... unfortunate reality that more people need to realize
Sad to hear his story, but you don’t need to show your wealth when you are nba star. Period. Everyone know you have money, even if you would say you don’t.:) You don’t play God’s role. You can’t help everyone, you are not here to help everyone. You need to learn when to stop, spent, and say no. You hang out with people that have money, so you don’t need to pay for them. You need to value money. You do not invest your hard earned money listening many advisers. You can’t advise me about investment of millions and you are still in damn chair that cost 300$ in local store, and you work for bank at low level. If you want to give a try, then invest a million and see what’s going on with the money. If you see return is sh.... or so, pull out money. People will tell you everything you want to hear, just to get you into the game. Money doesn’t grow on the tree, so any financial adviser that tell you about millions in returns is pure lie. There’s no shame to be careful and mindful with expenses. When you stop playing basketball, you will have a tons of free time to think of what you want to do in your life. You don’t play the game you don’t know. Easy to say, hard to do, but that is a life you need to challenge.
And for all you people saying he is stupid and ignorant shut up. He did a LOT of good things with his money, and just got carried away. Go look at the history of lottery winners. 80% of them file bankruptcy eventually. He was YOUNG and RICH, how can you blame him?
There was a time when Antoine Walker was called the " future " of the Celtics, and the organization paid him like he was already, by 1999, a " hall of fame " type player; I had watched him at Kentucky and was genuinely impressed with his game, though his shot selection was very suspect, along with his lack of conditioning in the off-season. His first three seasons were the best of his career, since after that, he practically gave up on rebounding and his pathological obsession with the 3pt shot and it's consequences was very frustrating. I say these things since all the talking heads in the media can focus on is how he lost his money by being extremely careless and NOT listening to his financial advisor's....but they NEVER talk about the reasons NO TEAM would sign him after 2008. He had a terrible work ethic, and a negative impact on his teammates due to his selfishness...especially when he was in Boston. He had the tools, could create and distribute the ball exceedingly well for a guy his size(6'9 240-250lbs.) and rebounded well during his first three seasons. Then he drifted further away from the basket, which exposed his terrible shooting, and " isolation " plays became the de facto strategy. It took some time, but Boston had to trade him, and people in Boston kept saying: " That's all we could get for him? " Yes, since most GM's knew by then that Walker simply wasn't a great player...he was just advertised as such since NBA basketball by the mid 1990's was painful to watch. I hope he's resolved his financial problems, but he turned down advice, got lazy and eventually became ostracized from the NBA. A waste of a once promising future.
I respect the decision that Walker made to spend 2 mil on his mom. Your mom brought you into this world Pay her back with something good. But I find it stupid he wasted so much money on the fancy bling-bling...
the guy doesnt seem overly bitter,seems kinda laid back about it, well thats good,its all water under the bridge..but this guy seems pretty smart you'd think he would have handled it better, a shame
If you ever find Tim Green's book "Dark Side of Game: My Life In The NFL" read the chapter titled Why Players Lose Their Money and it will explain the same things this video is telling us.
Also, everyone knows that you've always got tons of friends when you're throwing your cash around. When the cash dries up you're on your own . Been there.
“Trust” is a very dirty word when it comes to millions of dollars. When you make the kind of money these pro athletes make in a relatively short period of time, you have to take an active hand in managing your own money. Money amplifies the flaws you already have as a person. The sooner you realize that, the easier it is to combat and defeat it.
Absentee ownership never work. People MUST oversee everything that need to be done, never hire workers to do that for you then turn a blind eye to what needed to be done.
I’m a 6’4 African American from Atlanta. I played basketball when I was a kid, ymca, and some in high school. Everyone in my family was really expecting me to go to the NBA and they get a free ride. I fell out of love with the game, went to college, and now I work in the i.t. field in Vancouver Canada...far away from family with a comfortable $80,000 salary....far away from certain family members.
What he said at the end about helping people who can't help him, soo true. I was never a millionaire but have made some thousandaire mistakes helping family. If you become a millionaire be prepared to keep a shotgun and a Doberman at your side, and don't trust yourself with giving any money away. Make people work for it...."on your knee's" 😆 that pride will make them walk away or they gonna humble themselves to get whatever happens next.
Eric Maurer basketball is more than just putting a ball in a basket these players have to train & workout daily even waking up at 5am. NBA teams play 82 games 41 home & 41 away games. They travel, being a pro athlete is tougher than runnin a business cuz their bodies take a serious beatings & they constantly get criticized by media & groupies Gold diggers throw themselves at so these guys
100 million blown 😂 bruh I would've bought myself a nice 150k home in Oklahoma, a 2012 impala, bought my mom a house (200k), paid for my siblings college tuition, started my own nonprofit organization, live frugal, chilled, travel, and play ball around the world
hes not the only player who went broke. there are many others. everybody wanna have 4 5 houses and spend a ton ...and have 8 cars n shit... theres no need to have all them cars. if your smart get a mercedes or infiniti and be happy wit 1 damn car hook it up.
The most important advice I would give anyone who made that kind of money is to: GET YOUR MONEY WORKING FOR YOU AND INSTEAD OF SPENDING YOUR MONEY LEARN HOW TO UTILIZE YOUR MONEY RATHER THAN SPEND YOUR MONEY. WHEN YOU SPEND YOUR MONEY YOU ARE ACTUALLY THROWING IT AWAY. WHEN YOU UTILIZE YOUR MONEY YOU ARE USING IT AND ALLOWING IT TO GROW.
Antoine Walker seems like a well-spoken, mild mannered man. It is too bad that this happened. He seems like a nice enough guy. Any of us could be in his shoes, with enough carelessness and not enough skepticism.
4:01 “(Walker) should’ve done a better job! He was book smart and street smart” Rick Pitino, former NBA coach and college coach Rick Pitino should’ve done a better job coaching with the Celtics in the late 1990s
This is why you need to study finance, sheeeeeeeesh. 2 types of people, spenders and keepers, and as a keeper, I really cringe at the numbers on this video. Why would you even invest in Chicago real estate, that's dumb af.
The Economist wrote that 60% of NBA players go broke post retirement (70% in the NFL!!) I'm not a wealth manager, but I can tell you real estate and especially private equity (start up nightclubs, car dealerships) etc. are high risk, but tangible/understandable to an athlete with no interest in education. What are bonds, yields, power of attorney and all that "boring shit"? Fuck it, lets play some X-Box and ball. Then dump every cent into absurd gambles and go bust. And then blame slavery.
I used to see Walker play at the crap table in CT. He threw those 1k chips on the table like they were nothing. At the casino, he answered his phone and found out he just got traded to Dallas. He was pissed.
Alex W I own a real estate development firm that has assets in five states. Let me guess....you live in your parents' basement and sit on the floor playing with the poo in your diaper.
Mr. Antoine Walker should do seminar or orientation to the incoming NBA rookie draft aspirants for what will happen if you spend your paycheck to lucrative lifestyle and how is it feel to be broke and in debt..
Even immediate family would get the shaft! If I know you don't have a career that can generate the funds to pay me back in installments, "sorry bruh, no can do!"
Not only do you make it off the streets of CHICAGO. You have a college degree. NOT only do you have a college degree... but you don't even use IT!! Foh lemme guess... "white man won't give me a break " Boo hoo
this is sad but true. Many of these has been athletes and entertainers are broke or just homeless.Many of these people have college degrees but having a financial education is not one of those.
Easy but I think you meant a 100 million dollars only a idiot with no since on how to spend money would blow money on dumb shit like expensive cars and shit a Honda or a Chevy can take your dumb ass the same place a BMW or a Mercedes can dumb slow athletes just pathetic and don't forget the gold diggers that run behind they naive behinds
Mr.Walker: You visited the Bar I worked at in Chicago, which was the Ice Bar. I want to thank you for your generous tips. You literally put food on my table, and helped me survive during a difficult time. If I ever strike it rich I will find you and pay you back. I realize you probably wont ever read this, but cant think of another way to thank you. Thanks again, and good luck financially in your future.
Marc Rover awwww that's so cute :3
Beautiful story
Respect
I have been an Antoine Walker fan since he played at Kentucky. There was this charisma about this guy that I could not understand, yet I respected him. I have heard how generous he was with his money. I know some criticize him, but it's so easy to do that from the outside. I wish he did not recklessly spend all of his money, but he sincerely tried to help a lot of people - which is impossible to do. The people of Chicago should embrace this man for stepping forward and for him telling his story about how he lost just about all of his wealth. Marc Rover, thanks for sharing your story - you're a genuine individual.
Way to go!
This is what happens when you leave the hood and tell all your boys you got their back when the paychecks come in, I wonder how many are still around right now.
word! he would've mentioned the ones that stayed day1.....
Bradley Banford Try NONE!!!
Allen Iverson went through a similar situation. However, one of his closest friends had AI's back. And because of his friend's actions, it has been reported that AI will be financially stable.
Bradley Banford probably zero
Be like lebron 5 friends his mom one girl and three kids that’s it that’s all u need no one else cares
the people you got to worry about most when you get money is not robbers, thief's, strangers; it's your family.
Truth.
and friends
King 27 Preach
In my case, my mother.
Dam
First of all why is his mother living in a 3 million dollar home ,couldn't she live comfortable in a 300 thousands dollar house, just asking....
Yeah she wants to be able to shit in one end of the house and walk the other and not smell it.
So no a 300k home in any major city is literally a scum trap house.
Look at socal. 400k gets your a POS fixer upper
It wasn't a 3 million dollar home so idk where ur question is coming from.
No sympathy for him or people like him
T L Canada is the same way. Little shitty, old, small bungalows going for 1 million+ in some places like Toronto.
You have 71 million.3 mill is cool...for your mom....who raised you...
Took care of 50 people and were are they now!! This is why you need to look at those around you. The leaches.....Friends and family
Exactly
Evelyn Lozada...
nlwilliams31 true
True.
nlwilliams31 Amen
money isnt the root of all evil ... The love of money that is the root of all evil
Indy Debauchery thanks
QUENTIN30 CDUB yeah right buddy..
Indy Debauchery you dumber than life piece of fuck...please show me where in egypt they got currency. afrikans the original egypt didnt need no currency. bet you think the egyptians are these white mofos here today too right cuz the WHITE MAN said so....nah fuck off
fuck u and your homeland!! for the love of these deez nutzzz, go back to your caves where you belong!!!
hold on guys. where did this take a wrong turn. and really who cares. I live in present day. no matter what or whomever came from wherever
Listening to the interview, Walker still doesn't seem to realize that it's HIS fault that he had a huge entourage. Why does Mom need a home with 10 bathrooms and an indoor pool? Why did you not interview a money manager before handing him the keys to your fortune? Walker deserves his punishment. I bought NBA Live 99 for Nintendo 64 (with his mug all over the box) and he blew that endorsement money, too...
money gone = his crew is gone
To Grapla: At 10:48: Where are his friends now? One will always have friends -- that can't help you. The ones who could from the outset *were never so!*
Now he's gone ridiculous, typical black story......make it out the HOOD and blow it all........
Can't let people ride your wave
The bicthes 2😔
Typical....
this is why the NBA needs to offer financial counseling
I don't think that, but not everyone can handle being rich
Thunda1986 they go through and offer those kind of help and advice when they 1st get drafted. They meet with all the rookies and go over how to manage $ what to watch out for
Thunda1986 they do. nfl as well.
Thunda1986 you don't need to offer anything it's your responsibility for your own actions that's the problem with this country right now it's always everyone else's fault
you hear 100 mil and you think unlimited money, people just get over excited
The obvious issue is the dude has a gambling problem. Duh.
"Though he hasnt played an NBA game since 2008, Walker is still spending plenty of time around courts.."
*zing..* lol
nathan robson solid
nathan robson 😂😂😂😂😂😂
WHO IN THE FUCK NEEDS 10 BATHROOMS?
I respect this man for doing this interview. I would have been too ashamed to do so. He is teaching the young guys how easy it is to lose money.
So true
This could happen to anyone but, only if you don't learn from the mistakes of others. Everybody by your side ain't on your side. Most are only there for the money.
if i had that much money ill still be taking females to mcdonald with COUPONS lol im jk
Calvin Wong be like anything you want off the dollar menu baby lol
My name is Tuabu and I approve this message!
LOL and I would go with you!!! LOL
Lmao, than you will see which female is out there for you and not the $$$.
Not me, I'd take them to a roadside taco stand. A combo easily 7 bucks.
2 tacos and a drink = S4.50 ish. Save $2.50. Hahahaha
Foin looking gal once told me she was worth 60 bucks for (ahem) personal services. I passed. 2 weeks later at a store she approached me, again I passed.
She would settle for 20 and bring a g/f along also. She practically had to beg me, but her friend said "Pretty please, I heard you were a nice guy."
So I was nice, I gave in. It worked out to 10 a head, 'that' and the other stuff.
It's the entourages that kill these guys. They all have like 10 guys hanging around them all the time just leeching the money away for doing nothing.
Pro sports leagues should make it mandatory to teach athletes how to handle their money, this really isn't uncommon, I see broke athletes all the time.
Yeah, it's the league's fault they're stupid. Not their parents or anything.
empire Every major league offer extensive mandatory courses on money management , dealing with the media / fame . But at the end of the day it's up to the individual to make his own choices.
Josh Dugan You can lead a race-horse to water, but you can't make him invest his winnings in an IRA. A fool and his money are always chance-acquaintances at best.
empire you can't fix stupid.
***** not even with duct tape
Allen Iverson did the same thing it's sad
Felt sorry for this dude at first, but people need to get their priorities straight. I am not rich, but I save my money and am good with my money, and the biggest thing is, I give my money to good causes. It teaches me to stay grounded, and keeps me from being a slave to money. Today I am rich in life. Greed is a sickness.
you said the key word..... rich of life..... I felt a certain way when I had a thought that I may never get to drive or own a lamb or bug..... silly me, at my old stage, my thoughts revolve around, breathing good, eating good n being physically fit to teach my kids everything I know about fitness n movement. .. I could've made it to the nfl(I like to thinkk that lol).... im kinda glad I didn't, I would b barely walking around now...... peace
Damn man,God has been showing me these things so that when he blesses me,i won't make the same mistakes.
Youngone1534 Young .. And I pray you don't make these mistakes when you become a millionaire.
I have only $100 on my wallet and i feel luckier than this guy :)
Haha
Ray Dominguez You should play the lotto 😉
Pretty Ricky really..........smh
he thinks hes wealth will last forever. if you mixed arrogance and wealth you have no where to go but bankcrupcy.
TRUE!
That much cash should last for a lifetime
+Great Lakes (Huey/Fred/Malcolm) Same here
Artemis Gon rich not.wealthy
Artemis Gon nothing good lasts forever not even Beauty..
The Bible tells us a Fool and his Money shall soon depart!!!
Jesus is real.amen LOVE HEAVENLY HOLY FATHER GOD TRINITY HOLY SPIRIT HOLY GHOST
Brian Pruett this is a demonic world and the devil Demonic entities Run The Show period
No, the Bible does not say this. It is an English proverb, not a Bible verse. Christians kill me. They haven't even read the book they're basing their life on.
spacejustspace ...fool the bible does quote this!!! Stop being a dumb Ass....
Brian Pruett Amen!!!
How about buying one house one car
That would be too wise
Y
And buy your family nothing?🤔
That would make too much sense
Louis Stipe let them buy their own $#@)
Cars are easily the worst investment you can make. As soon as you drive a new car off the lot, it depreciates 10-15% in value.
Big ole Facts💯
That’s why most intelligent people buy used so some other jackass can take the huge hit
If 8 or 9 people follow me find your own flights and hotels I'm not a bank
This is the reason people need to stay in school and graduate! What is the point of coming out early in the draft if you're going from poor, to rich and right back to poor. Classes in basic Finance, Accounting and Economics will help these guys out. For every $1M one should expect to gain roughly $35K in annuity payments with an increase over time. $1,000,000 X (1.035)^1 = $1,035,000. $10M's=$350K per year ect. ect.
Ron Jones le bron came outta high school it’s the people around you...most people leave their best friends whom they struggle with in poverty and hook up with new ones who were born with silver spoon because they are on that leveland that’s the biggest problem because no best friend will ever tell to spend millions of dollar on houses
Poor Soul. GOD bless you Antoine in JESUS Merciful Name. You'll get out the hole. Keep your head up.
110 M is also way more than that compared to today. There is a lot more to the story than this it seems. People took him to the cleaners with his investments. Also if you don't keep up on your taxes you're done. Gambling losses are never revealed by people either. It's always way more.
He's doing much better now though. Good for him!!
See this is exactly why i feel NOTHING for people. People can call me selfish, and say whatever they want but im going to make sure IM OKAY before ANYBODY ELSE!!
"A fool and his money are soon parted." --Aesop
A fool and his money would lucky to get together in the first place
vultures not friends
EXACTLY.
FACTS
Actually i appreciate a human being like walker who helps so many people. On a much smaller scale i used to help many many peiple including cousins etc. After all those years i never got anything back even a dinner. Which is the sad part. You can be so generous but it may hurt u too. I say antoine walker deserves the same amount of money he gave to help friends and family plus strangers. Thats it. The gambling part and others was his fault.
That what happens, everybody is your friend, but when the money is gone. None of the so-called friends will be around, same thing had happened. To M.C. Hummer, his friends, and family left him high and dry
Lol that man name is M.C.Hammer
My fault got excited about the topic, lol M.C. Hummer!
It SHOULD be mandatory for every new professional athlete to take a six week financial literacy class. And have a veteran athlete financial mentor.
I would and I wouldnt just say no . I would say "' Fuck no ! " with my two Rottweilers by my side. . Well trained Rottweilers are good investments if you get that rich !
He GROSSED 110 million.... he might of actually seen 60-65. And for all of you "wouldn't happen to me" shit talkers... how the hell do you know?
Put the money in the bank. Live off the interest. How hard is it.
good in theory but that's no fun U only live once might as well blowing it
shamgodlou37
You can have fun living off of the interest.
DAVID u cant make it rain in the club bang strippers every night off interest i say blow it all now and worry later
The bank doesn't give interest anymore. Only do real-estate if you are willing to learn the game, just like Mr. Walker learned the game of basketball. Just take one building and learn from your mistakes. You manage your money. Make one building work, and then duplicate the process. I give money to people who look like me, not my skin color, my hustle. I don't know a person in my life who can ask me for 100,000 dollars. If I depart with that type of money you will have a business plan in your hand, you will think you are on the shark tank!
shamgodlou37
Making it rain and blowing it on strippers gets boring. In fact, doing te same thing all of the time is boring.
It's not about helping those "who can help u"... It's about helping those who are truly deserving.
Buying real estate with borrowed money amplifies your risk, yet for some reason people think that real estate is "safe".
money and ignorance don't mix. I don't understand gambling when u already have the dough. Can't believe how gullible some brothers are.
One thing my dad always tried to instill in me is "It's not how much you make but how much you keep" dam is this a perfect example. I'm almost thinkin this guy kinda deserves to be broke, I mean 10 bathrooms, traveling the world with 10 hanger-on's etc etc.
How u get upset at a man that bought a 10 bathroom house for his mom tho? Im done. Unbelievable.
Sadly, this is not surprising and happens a lot. Bad investments, gambling and living a high end lifestyle that money can go in a heartbeat.
ok im trying to make rational sense of this but I keep coming back to this question: Why in the hell would you gamble if you ALREADY have money? that's like the whole point in gambling correct? just wow. and he said he got "burned" by a lot of people he gave money to but they would just disappear. so why would he keep doing it? insanity by definition is doing the same thing expecting a different outcome. so either Walker is insane or we have just witnessed stupidity at it's finest.
All I'm hearing right now is a quote from Forrest Gump's mother, which is "There's only so much money a man really needs. Everything else is just showing off". I know it's a movie but it's true nonetheless.
From reading about other athletes gambling issues, I honestly believe it's a way to escape from outside pressures. You're rich, but you're not as happy as you thought. You take care of your family & posse financially. In a way, it's a way for them to decompress and escape. I'm not a gambler personally and can't ever imagine being one. But things can change anyone if you're loaded with so much money.
these guys never have dealt with money. So whenever they get a bunch of money they blow most of it. These dudes aren't book smart at all. Which makes sense, all they ever had to work hard at was their physical performance, not mental performance.
😆
When Kywanna Leftridge said “if I have $10, why would you take that away from me”, I felt that and my heart breaks for her.
If i was part of his crew i would be there with him trying to solve this issue together.. Unity these days no longer exists.
This is dark side of giving back to family and friends once you make it big, you keep having to give back until all your money is gone!
He lost everything... his wife doesn't like him anymore....his friends walked away from him coz he got nothing now :(
This is why pro athletes go broke. They want to have an entourage of 25-50 around them all the time, and they also feel the need to show off how much money they have by buying all these luxury but unnecessary items. Why spend millions on a bunch of exotic cars just to park them on your driveway? Buying nice clothes is fine but it becomes ridiculous when you start buying these expensive custom tailored suit just to wear it maybe once or twice.
It's good to take care of their close family and buying them a new home in a safer neighborhood to get them out of the ghetto. It's fine to help a sibling or even a cousin through college and maybe reward them with a affordable car if they don't have one. It's fine to buy parents a nice car and house.
But it's foolish to try to take care of distance relatives who happens to appear before the ink even dries. It's stupid and idiotic to have a large group entourage around all the time and support them daily. It's fine to pay for a trip with a few close friends on special occasions. Only keep friends who are genuine and honest, have your best interest in mind and will say no and even argue with you because they have your best interest in mind.
Many athletes believe that if they sign a one million dollar contract they have a million dollars to spend. But in reality, they have about half of that from taxes and percentages going to other expenses such as agent. A lot of athletes and rappers feel the need to support and provide money or lavished items to the people in their hood.
Another major factor is the culture that is deeply embedded in the ghetto black community. Many black athletes or rappers believes that if they have a lot of money, they should buy things to show people that they are rich. Buying a substantial amount of expensive jewelries, multiple exotic cars with rims and custom items, and many more ridiculous lavished items that they truly do not need. I remember a manager in the Rap industry saying that majority of rappers will go buy expensive jewelries and all these lavished items as soon as they sign a record deal, and not have enough money by the time the first rent comes.
Moneygetjealous ... you should honestly be a economics professor or some type of financial advisor because what you said is a real... unfortunate reality that more people need to realize
Sad to hear his story, but you don’t need to show your wealth when you are nba star. Period. Everyone know you have money, even if you would say you don’t.:)
You don’t play God’s role. You can’t help everyone, you are not here to help everyone. You need to learn when to stop, spent, and say no.
You hang out with people that have money, so you don’t need to pay for them. You need to value money. You do not invest your hard earned money listening many advisers. You can’t advise me about investment of millions and you are still in damn chair that cost 300$ in local store, and you work for bank at low level. If you want to give a try, then invest a million and see what’s going on with the money. If you see return is sh.... or so, pull out money.
People will tell you everything you want to hear, just to get you into the game. Money doesn’t grow on the tree, so any financial adviser that tell you about millions in returns is pure lie.
There’s no shame to be careful and mindful with expenses.
When you stop playing basketball, you will have a tons of free time to think of what you want to do in your life. You don’t play the game you don’t know.
Easy to say, hard to do, but that is a life you need to challenge.
He seems a nice guy that people took advantage off.
You know someone is broke when you ask how much money they have, and they say “it all depends”.
And for all you people saying he is stupid and ignorant shut up. He did a LOT of good things with his money, and just got carried away. Go look at the history of lottery winners. 80% of them file bankruptcy eventually. He was YOUNG and RICH, how can you blame him?
There was a time when Antoine Walker was called the " future " of the Celtics, and the organization paid him like he was already, by 1999, a " hall of fame " type player; I had watched him at Kentucky and was genuinely impressed with his game, though his shot selection was very suspect, along with his lack of conditioning in the off-season. His first three seasons were the best of his career, since after that, he practically gave up on rebounding and his pathological obsession with the 3pt shot and it's consequences was very frustrating. I say these things since all the talking heads in the media can focus on is how he lost his money by being extremely careless and NOT listening to his financial advisor's....but they NEVER talk about the reasons NO TEAM would sign him after 2008. He had a terrible work ethic, and a negative impact on his teammates due to his selfishness...especially when he was in Boston. He had the tools, could create and distribute the ball exceedingly well for a guy his size(6'9 240-250lbs.) and rebounded well during his first three seasons. Then he drifted further away from the basket, which exposed his terrible shooting, and " isolation " plays became the de facto strategy. It took some time, but Boston had to trade him, and people in Boston kept saying: " That's all we could get for him? " Yes, since most GM's knew by then that Walker simply wasn't a great player...he was just advertised as such since NBA basketball by the mid 1990's was painful to watch. I hope he's resolved his financial problems, but he turned down advice, got lazy and eventually became ostracized from the NBA. A waste of a once promising future.
I respect the decision that Walker made to spend 2 mil on his mom.
Your mom brought you into this world
Pay her back with something good.
But I find it stupid he wasted so much money on the fancy bling-bling...
the guy doesnt seem overly bitter,seems kinda laid back about it, well thats good,its all water under the bridge..but this guy seems pretty smart you'd think he would have handled it better, a shame
He doesn't give a Damm he's moving to Afghanistan to find 20 bitches to live with
having a heart and money makes you weaker to the ones who will take from you!!!!
If you ever find Tim Green's book "Dark Side of Game: My Life In The NFL" read the chapter titled Why Players Lose Their Money and it will explain the same things this video is telling us.
This future lottery millionaire learns from others MISTAKES🤑 I'll still shop at Family Dollar and theft stores. No car over $50k
"Theft" ....... stores? Hahahahaha
I'm not making fun of you, but I thought that was extremely funny.
Robert Garcia your easily pleased
$50K for a car? What's wrong with the $20K or $30K car? I bet you would spend millions on cars if you ever win the lottery one day.
Advice I received when I was young was it's not always how much money one makes, it's how one manages their money.
He can rent a cheep house in Detroit now. Very nice city and people of his kind.
you wrong!
Nicole Gonzales
The prices go up?
He can live in Afghanistan 😆
Also, everyone knows that you've always got tons of friends when you're throwing your cash around. When the cash dries up you're on your own . Been there.
Well he's just got to move to Syria and start over selling i am a big dummy t -shirts
I wonder where all of his former "friends" are now.
it could be worst cause the dude that started stanford university lost like 25plus billion and got sentenced to 250 years in prison
Oh, I hope that he and other stars will find a way to recover from the ditch in the road.
The Billings guy? No background check but you put your money in his hands?? THATS STUPID 👎🏽👎🏽
I already knew it was tippie toe walker before I clicked on the video
“Trust” is a very dirty word when it comes to millions of dollars. When you make the kind of money these pro athletes make in a relatively short period of time, you have to take an active hand in managing your own money.
Money amplifies the flaws you already have as a person. The sooner you realize that, the easier it is to combat and defeat it.
Absentee ownership never work. People MUST oversee everything that need to be done, never hire workers to do that for you then turn a blind eye to what needed to be done.
No sympathy at all for him... What is wrong with him spending those huge amounts on garbage... 100 million dollars to the drain...
I’m a 6’4 African American from Atlanta. I played basketball when I was a kid, ymca, and some in high school. Everyone in my family was really expecting me to go to the NBA and they get a free ride. I fell out of love with the game, went to college, and now I work in the i.t. field in Vancouver Canada...far away from family with a comfortable $80,000 salary....far away from certain family members.
he's still got a few mill in realestate. he's set. far from bankrupt:)
Alick Djamirze which video did you see?
3089280288 the same one you did.
How's it going, Antoine?
tmat2016 lmao just At mom's crib playing a lil spades lol mom meat loaf momm meat loaf lmao
Lucky ass! LOL!
What he said at the end about helping people who can't help him, soo true. I was never a millionaire but have made some thousandaire mistakes helping family. If you become a millionaire be prepared to keep a shotgun and a Doberman at your side, and don't trust yourself with giving any money away. Make people work for it...."on your knee's" 😆 that pride will make them walk away or they gonna humble themselves to get whatever happens next.
Eric Maurer basketball is more than just putting a ball in a basket these players have to train & workout daily even waking up at 5am. NBA teams play 82 games 41 home & 41 away games. They travel, being a pro athlete is tougher than runnin a business cuz their bodies take a serious beatings & they constantly get criticized by media & groupies Gold diggers throw themselves at so these guys
He’s not a slumlord just a rich man that made poor decisions
ha ha ha he's still around courts... good pun at 2:23
100 million blown 😂 bruh I would've bought myself a nice 150k home in Oklahoma, a 2012 impala, bought my mom a house (200k), paid for my siblings college tuition, started my own nonprofit organization, live frugal, chilled, travel, and play ball around the world
Lost respect for this guy for lavishly spending all that money
An eye opener for every sensible person living! "Live like no one else... so that tomorrow you can " live like no one else..."
hes not the only player who went broke. there are many others.
everybody wanna have 4 5 houses
and spend a ton ...and have 8 cars n shit... theres no need to have all them cars. if your smart get a mercedes or infiniti and be happy wit 1 damn car hook it up.
The most important advice I would give anyone who made that kind of money is to: GET YOUR MONEY WORKING FOR YOU AND INSTEAD OF SPENDING YOUR MONEY LEARN HOW TO UTILIZE YOUR MONEY RATHER THAN SPEND YOUR MONEY. WHEN YOU SPEND YOUR MONEY YOU ARE ACTUALLY THROWING IT AWAY. WHEN YOU UTILIZE YOUR MONEY YOU ARE USING IT AND ALLOWING IT TO GROW.
he gambles with Michael Jordan a lot back in the day... but he doesnt have MJ money so this happens
StraightButGay mj in debt too probably
mj is worth a billion dollars.. he can gamble $10k a day and he would still earn money
Ruben Santana Ruben stay in school
@@rubensantana3137 Lol there is no way MJ is in debt he's on another level wealth-wise.
@@rubensantana3137 Mj gave his wife about 200 million when they got divorced. How can he be broke? Go learn something.
Antoine Walker seems like a well-spoken, mild mannered man. It is too bad that this happened. He seems like a nice enough guy. Any of us could be in his shoes, with enough carelessness and not enough skepticism.
Joe Klunder ...... he bounced ten checks at a casino. I don’t think a lot of people would be that careless
I play blackjack but on $15 a hand and I wish they would allow us to play $5
They used to at SANDS casino in NJ. That was my shit.
4:01
“(Walker) should’ve done a better job! He was book smart and street smart” Rick Pitino, former NBA coach and college coach
Rick Pitino should’ve done a better job coaching with the Celtics in the late 1990s
I bet he's trying to make the perfect Tournament bracket.
At 10:48: Where are his friends now? One will always have friends -- that can't help you. The ones who could from the outset *were never so!*
They all got together to buy a casino 😆
This is why you need to study finance, sheeeeeeeesh.
2 types of people, spenders and keepers, and as a keeper, I really cringe at the numbers on this video. Why would you even invest in Chicago real estate, that's dumb af.
The Economist wrote that 60% of NBA players go broke post retirement (70% in the NFL!!)
I'm not a wealth manager, but I can tell you real estate and especially private equity (start up nightclubs, car dealerships) etc. are high risk, but tangible/understandable to an athlete with no interest in education.
What are bonds, yields, power of attorney and all that "boring shit"? Fuck it, lets play some X-Box and ball. Then dump every cent into absurd gambles and go bust. And then blame slavery.
Blew his bread like daffodils
I can not watch this anymore... painful!
He was part of the crew "AKA" part of the leeches.
I used to see Walker play at the crap table in CT. He threw those 1k chips on the table like they were nothing. At the casino, he answered his phone and found out he just got traded to Dallas. He was pissed.
No sympathy whatsoever. Utter idiocy. Gambling is a tax on the stupid. He earned his predicament. so moronic.
Alexander George Tsakumis and you fat man .. what do you do for a living ?
Alex W I own a real estate development firm that has assets in five states. Let me guess....you live in your parents' basement and sit on the floor playing with the poo in your diaper.
Mr. Antoine Walker should do seminar or orientation to the incoming NBA rookie draft aspirants for what will happen if you spend your paycheck to lucrative lifestyle and how is it feel to be broke and in debt..
and I beat none of them free loaders don't even mess with him anymore now that he's broke.
how much do you think team owners made off his back?
He was never worth 100 million. I doubt he was worth half of that after paying his tax and all his fees.
saucy05 regardless, he shouldn't be bankrupt
"I needa borrow 50,000 dollars, ill give it back to you" What?!?!?!? Idc how rich i am, if you not immediate family i'm not giving you SHIT
Even immediate family would get the shaft! If I know you don't have a career that can generate the funds to pay me back in installments, "sorry bruh, no can do!"
Not only do you make it off the streets of CHICAGO. You have a college degree. NOT only do you have a college degree... but you don't even use IT!! Foh lemme guess... "white man won't give me a break " Boo hoo
this is sad but true. Many of these has been athletes and entertainers are broke or just homeless.Many of these people have college degrees but having a financial education is not one of those.
How the Hell do you blow through $100 dollars!
Easy but I think you meant a 100 million dollars only a idiot with no since on how to spend money would blow money on dumb shit like expensive cars and shit a Honda or a Chevy can take your dumb ass the same place a BMW or a Mercedes can dumb slow athletes just pathetic and don't forget the gold diggers that run behind they naive behinds
Blows my mind how much material items athletes blow their money on.