W2R
Moderator Emeritus
What a dreadful life. First his ear was bit off by Tyson, and then his mansion gets foreclosed upon. So now he is just a has-been with no ear and no home. How the mighty have fallen!
What a dreadful life. First his ear was bit off by Tyson, and then his mansion gets foreclosed upon. So now he is just a has-been with no ear and no home. How the mighty have fallen!
Well, he'd still have a broken neck. But, your point is well taken.
Rule number 10: Don't have an entourage.
What a dreadful life. First his ear was bit off by Tyson, and then his mansion gets foreclosed upon. So now he is just a has-been with no ear and no home. How the mighty have fallen!
So now he is just a has-been with no ear and no home. How the mighty have fallen!
Article in today's WSJ said that up to 60% of pro athletes eventually file for bankruptcy. Reasons are that they aren't equipped with knowledge to handle the money, they live it up, they feel obligated to help their family, friends, etc, and they feel pressure to compete with their athlete peers in lifestyle. So when the income goes down their expensive lifestyle depletes their money rapidly.
I'll add another politically incorrect speculation. Business people who get rich probably have a much better chance of knowing enough to make smarter financial decisions. But your average athlete, rock star, or actor/actress - how bright are they? I know we've all seen the kids in school that couldn't do math to save themselves and struggled with grades, yet sometimes they had a real gift of athleticism, or performing ability, etc. Those people turn into some of the superstars but they are not bright and/or educated enough to handle the big money.
Another thing is that in sports or entertainment, most people hit it big while they are quite young and simply have no experience to draw on; and they tend to attract people who want to fleece them. A lot of people have been ripped off by their managers/relatives.
Maybe someone was giving him good advice on how to avoid bankruptcy, but he didnt hear them...
oh, just shoot me now.
Maybe someone was giving him good advice on how to avoid bankruptcy, but he didnt hear them...
oh, just shoot me now.
That's OK. Since mine was a BOOM!!! I probably just blew him up with a cherry bomb, stunning him temporarily until you arrived with your gun.BANG!!!
DANG.... I was all ready to pull out one of those 'gun' emoticom and shoot the bunny... but we don't have them here and I am not willing to go search for one... so you got this crap above...
Edit to add after reading more posts....
DANG..... I am TOO LATE... HE WAS SHOT BEFORE ME!!!! I am shooting a dead bunny
Maybe someone was giving him good advice on how to avoid bankruptcy, but he didnt hear them...
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"If you spend more money than you make, you know what happens," McMahon said Thursday night on CNN's "Larry King Live." "You know, a couple of divorces thrown in, a few things like that. And, you know, things happen."
McMahon, 85, appeared with his wife, Pamela. The couple said they are $644,000 behind on their mortgage payments and are in negotiations with lender Countrywide Home Loans Inc. to set a foreclosure date.
In April 2002, McMahon sued his insurance company, insurance adjusters, and several environmental cleanup contractors over breach of contract related to negligence in cleaning up water damage after a broken water pipe was repaired in his Beverly Hills, California house. The lawsuit alleged that moisture from the pipe break caused toxic mold to spread, sickened his wife, Pamela, and members of the household staff, killed the family dog, Muffin, and ruined his priceless memorabilia collection. The case was reported to have been settled out of court for US$7.2 million.