Andrew Schulz asks JJ Redick why NBA players go broke. #andrewschulz #jjredick #nba #lebronjames #podcast
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Пікірлер: 863
@mariokeo7272Ай бұрын
JJ looks like what Schultz thinks he looks like.
@benr979
Ай бұрын
Lmaooo
@rachelroberts633
Ай бұрын
Thinks looks like? You think you talk smart person 😂
@rolandocedillo5685
Ай бұрын
You must like men and that's okay. Diversity is okay
@ivanpro123
Ай бұрын
LOLLLL
@josesanabria6414
Ай бұрын
😂😂😂
@mikehawk9784Ай бұрын
Redick is the haircut you ask for, Schultz is the haircut you get
@ANiCKiN
Ай бұрын
Riddick you go afterwards
@christophergreaves6159
Ай бұрын
😂😂😂😂💀
@JKAnu-yq1tr
Ай бұрын
Including the mustache?
@quiksix25
Ай бұрын
That's 100% an unfinished fade
@intrusivethoughts27
Ай бұрын
It’s cuz he gets a bald fade instead of layered one like Jj
@sirsmoove2226Ай бұрын
Shultz needs to fire his barber immediately 😂
@markcooke4280
Ай бұрын
Who he think he is hitler 😂😂😂
@biofixphysicaltherapy5353
Ай бұрын
Lol
@RogerBiwandu
Ай бұрын
🤣🤣🤣🤣🤣🤣
@robertkitchens6341
Ай бұрын
His barber is a old man from Germany
@jusbertmeza4424
Ай бұрын
Bro is slowly turning to hitler 😂
@AwokenEntertainmentАй бұрын
he was going to talk about WATCHES but then he switched mid-story to a more wholesome answer 😂
@RudieObiasАй бұрын
John Stockton drove a mini-van when he was in the NBA
@aarondavid5866
Ай бұрын
not just most likely
@binrui1999
Ай бұрын
Karl Malone was in the back of the van. John stockton assisting off the court
@pdx20
Ай бұрын
@@binrui1999🤣
@KingChambers
Ай бұрын
What does Kawhi drive
@joemetz8588
Ай бұрын
That was to drive karl malones girlfriend
@rks-hg8ecАй бұрын
2 words : Baby Mommas
@Crushboi_22
Ай бұрын
1 word, WIFE
@mrboast2826
Ай бұрын
Baby mommas actually cheaper than wife..Wife will take half your money + alimony, and child support...
@Crushboi_22
Ай бұрын
@@mrboast2826 and a bimbo is cheaper than both 💯
@Hiaki1000
Ай бұрын
@@mrboast2826 yeah, but it's easier to have 5 baby mommas then 5 ex wifes
@mrboast2826
Ай бұрын
@@Hiaki1000 I mean 5 bit a stretch though... Because it's expensive to pay child support...Maybe 2-3 was good but 5 that's another level...Maybe they need condom if they manage to pregs 5 woman..🤣
@juanaboynkin11965 күн бұрын
My dad's financial advise was simple. "It isn't how much you make, it's how much you don't spend."
@abidingdude222Ай бұрын
“You never arrive, you’re always becoming.” I love that. We need more of this mentality in today’s world. ❤
@kevinhart8339Ай бұрын
Wasn't a JJ fan at Duke but he earned my respect in the NBA and he's great in the talking heads industry. A true professional all around
@alanaldpal950
Ай бұрын
Yep, despite occasionally “putting his foot in his mouth” he is one of the better talking heads
@nathanbranson9149
Ай бұрын
You can see JJ's character build over the years. People didn't "like him" for not good reason while he was at Duke. That's why he has such thick skin today-------he knows how to talk to people even when they don't like him.
@richborn6700
Ай бұрын
@@alanaldpal950compared to Keyshawn Johnson and Kendrick Perkins JJ looks like Einstein
@gmak3090
Ай бұрын
I was going to make the exact same comment, but you got here before me!
@SunniMerlot
Ай бұрын
He was an elite player.
@ryanapАй бұрын
The real flex is when your in a position to give back. Reach one teach one
@garyhost354
Ай бұрын
Why you looking for a handout.
@bkcalvine
Ай бұрын
You're. Why is this so hard?
@DCuerpoJrАй бұрын
NBA players go broke when they have 10 kids with 5 different women. Alimony and child support is no joke.
@mrboast2826
Ай бұрын
Yeah like 200k per month ...What kind of child need 200k per month for child support and alimony ..
@o0oStillWeRiseo0o
Ай бұрын
Facts
@o0oStillWeRiseo0o
Ай бұрын
304 Support ***
@draregrevtaam1147
Ай бұрын
So it's the player making stupid choices in his life. I'm amazed at how many people are making stupid life choices.
@Bookake-2
Ай бұрын
@@mrboast2826seriously the women be using for themselves
@bobertrobertson130Ай бұрын
Schulz never shuts up about money
@dimoraes0902
Ай бұрын
That's literally the name of this cut man. The name of the video is Money related. You want them to talk about pokemon? Just search "schulz" pokemon. They won't be talking about money
@fatsoaok6749
Ай бұрын
this type of comment is why he isnt broke and you are
@spencerleland6772
Ай бұрын
@@fatsoaok6749nah, some people appreciate things other than just money
@jakelowk3y793
Ай бұрын
i mean he is jewish
@darkostanisavljevic1105
Ай бұрын
Must be a jew
@philthee04Ай бұрын
5% of 4 million, is 200,000. You could quite literally live off of interest.
@Zagirus
Ай бұрын
*Dividends
@NickZhu50581203
Ай бұрын
We could but they can’t, in their world a Range Rover sport is not a nice car…
@JGB1990
Ай бұрын
These guys are idiots
@AndresGomez-ct7qb
Ай бұрын
@@NickZhu50581203 And in their world it's normal to spend 15k on an outfit and throw it away after taking one picture in it
@studynot757
28 күн бұрын
It’s all about the spend as he said
@ejkboxingАй бұрын
I knew a (white) guy who had a mortgage of $8k a month on a $14k-$16k monthly salary. I told him, "I dont like telling grown people how to spend their money, but that's an insane mortgage when your salary isn't guaranteed for the life of the mortgage." He told me, "My wife wanted it, so I bought it." I said, "That's your main mistake. You should've told her, "no".
@CrazyLocoInsane1
Ай бұрын
Damn I thought my 3k a month was stupid lol.
@Hiaki1000
Ай бұрын
yeah it;s a lot but it's not like he is poor and has nothing left + unless he is not 60, he will only earn more, not less and will pay it off early.
@Maleegi
Ай бұрын
@@Hiaki1000 the point is what will he do if the money stops coming in i.e. if shit hits the fan
@Hiaki1000
Ай бұрын
@@Maleegi probably sell the house and be profitable
@L1ghtning407
Ай бұрын
I mean what year did he buy it? its probably worth 2x now and hes rich af
@D0omC0okieАй бұрын
It’s not What you make, it’s what you keep
@RogerBiwanduАй бұрын
Whit that hair cut, Schulz is ready to play on "Inglorious Bastard II", he even doesn't need to change his name !!! 🙂
@MK-zz5qe
Ай бұрын
"Batter up"
@funkytiger6967
Ай бұрын
Schulz would make an amazing Rat Jew: the Bear Jew's sidekick, asks you about how much money you make while the Bear Jew beats you up with a bat. Once you're beat up and Brad Pitt's done marking your forehead he'd slip a zyn in your mouth.
@tmi890
Ай бұрын
Nein nein nein nein nein
@mathieukerry78129 күн бұрын
Bro said “how is 10 mil gonna last you the rest of your life” the fuck
@chelsican
16 күн бұрын
do the math half for taxes & agent 1 mil for a house for your parents 1 mil for your house half mil for cars, interior, clothes, vacations 2,5 mil left for the rest of your life lets say you are 34 at the end of your career average life expectancy in the us is 76 42y * 12months = 504 2.500.000/ 504 = 4.960 $ dont forget, everyone wants you to pick up the bill, because they think you are super rich af & you have rich friends, with rich hobbies & needs
@dtf4life1
16 күн бұрын
@@chelsicannone of the things you listed are valid excuses lmao Mfs can't manage their money and are just plain irresponsible
@kingajofficial5527
11 күн бұрын
@@dtf4life1they act like because ur rich u have to have a “rich lifestyle”🤣🤣🤣🤣
@lidgerwoodj
2 күн бұрын
He said that after listing the massive expenses these guys either have to pay or are expected to pay. If you do the things pro athletes usually do, your rookie contract will be all spent very quickly. You’d have to be very counter-cultural to not spend it all. Every relative you’ve never heard of comes out and expects you to buy them a house.
@BourneIdentity45Ай бұрын
Its pretty simple, a lot of guys dont make it to their second contract and realise that they cant spend more than what they bring in.
@IknowMoreThanYouАй бұрын
Sure use the most frugal player in the NBA on the thumbnail😂
@darnellc7276
Ай бұрын
Lmao 😂 fr
@TheFn414
Ай бұрын
For real tho 😂
@abdulfarah4030
Ай бұрын
That'd be LeBron
@darnellc7276
Ай бұрын
@@abdulfarah4030 lebron probably a close second, i doubt lebron got his money spread across 20+ accounts so that the bank fully insures it all
@LunchlineGeneral
Ай бұрын
On god
@FrancisSiuChockАй бұрын
JJ hit the nail on the head...never believe you have arrived...always strive for the next goal and level. I wish Vince Carter had this mentality (as a life long Raptors fan).
@lhagiduty
Ай бұрын
Is he broke or smth?
@grahamstrouse1165
Ай бұрын
@@lhagidutyVince played 21 years. He’s fine. He peaked early, though & had some injuries. Lost most of his elevation, became a three-point shooter.
@TuckerUp
Ай бұрын
Go cry some more. Y’all beat the warriors for a title. Vince Carter had a great career.
@Quan1992Ай бұрын
Never underestimate the phrase "I have a business idea for you"
@kyleisniceАй бұрын
He acts like it’s a struggle for these players to live off of millions of dollars. Once your career is over. Get a real job. The average player makes more in 4 years than I would in a lifetime. I have zero sympathy and find it comical how out of touch these millionaires are.
@sora4440
Ай бұрын
Yea idt these ppl realize how much money they make. If you make 100k a year for 30 years up to retirement age, that nets you 3 million in your lifetime. He's saying that the average player with an average career in his day would make 8 million in his career. Almost 3 times what a man makes at a 100k salary in his lifetime. And a 100k salary isn't the norm, that's top 10-15% in some states...
@a7xsynshadows
Ай бұрын
😊@@sora4440
@shofiulrahman8988
Ай бұрын
Clearly didn’t listen to the message. It’s a struggle because they lose it all. When you had 5 million a year come in and living a 5 million a year lifestyle. if you don’t adjust your lifestyle what is going to happen? Before you know it all the money is gone
@wanextoo
25 күн бұрын
Rich people complaining they don't have enough at the end of the month because they "had" to spend too much? Sure...
@SK-mr6ov
24 күн бұрын
Lifestyle though dumbass, everyone driving Ferraris
@tylers82Ай бұрын
I feel like JJ was dancing around the real reason most use to go broke
@spencerleland6772
Ай бұрын
Cause hes gotta tip toe with the "brothas"
@brotherLee340
Ай бұрын
The ones who do go broke is usually because of some extreme dumbness. Baby mama's, Gambling, drugs and bad investments
@Zaghzackio
Ай бұрын
JJs not the white person to ask abt this
@brett2660
Ай бұрын
Agreed, but what he did say was eye opening to me. You can even back into the numbers a little bit. In his example, say someone gets a contract for $10M over 5 years. Well, I'm assuming $1-$2M goes to your agent. Probably $4M goes to taxes, insurance, accounting, and/or legal. So, you have $4M left for you and family. A house is probably easily $1M. Helping family with their debts, houses, cars, etc. is probably another $1M. Now, you have $2M left to live off of, which is doable, but these are basketball players, not finance experts. I could easily see someone without decent money skills blowing through that in a few years.
@agi2160
Ай бұрын
Only "2M left to live off" doesn't require you to be a finance expert. It requires you not to be a retard. Come on, Brett 😂
@hardchooliganАй бұрын
Normal Americans hearing "how are you supposed to make 5 million last the rest of your life" is such a spit in the face
@rososhow2031
21 күн бұрын
Well, when you think about how that 5 million is taxed and all the fees, expenses it's understandable, especially if that's your only skill. You have to compete with other individuals in the job market once they can't play anymore. How do you maintain the current standard of living or even the average standard if they go from making 5 million to 50k a year or less, because that's the only skill most will have obtained.
@plinkertonman
19 күн бұрын
@@rososhow2031 they shouldn't live like they're making 5 mil a year lol. they can literally live off the interest of their millions comfortably, they're losing their millions because they are overspending on luxury items. also they're getting booted from the NBA in their mid to late 20s. they can obviously obtain skills. they aren't some poor 50 year old draftsman getting automated.
@porcelinaofvastoceans
19 күн бұрын
@@rososhow2031Looks like the poor millionaire athlete might have to get a basic labor job like the rest of the basic public.
@onyx9857Ай бұрын
Normal people make their dumbest financial mistakes while they are young and broke. Athletes are massively rich when they make those dumb mistakes.
@michaelharrington8401
Ай бұрын
YEP
@imranak12
Ай бұрын
wrong. You give a normal person a million dollars they will fuck it up more often than not. Happens to most lottery winners. Most athletes that go broke became millionaires at 18 who came from poverty.
@onyx9857
Ай бұрын
@@imranak12 you're agreeing with me and you don't even realize it.
@Alberto-xz7th
Ай бұрын
That is actually an urban myth. Lottry winners don't go broke@@imranak12
@kirasawa23
Ай бұрын
No. Athletes will MAKE BIGGER mistakes since they have more money and will hurt much much more.
@Crypto_CircusАй бұрын
Amazing interview, one of the best
@MommyMilkkАй бұрын
Shultz look like he part of the Schutzstaffel😂😂
@TheRealSandman10 күн бұрын
JJ was pretty spot on with that quote at the end. Even in music, I'm doing stuff that 2 years ago I dreamed of doing, but now I'm in the middle of it, it just feels normal, it never feels like the huge monumental moment you expect it to be in your head.
@kjwworldwideАй бұрын
They dont teach financial education in school. No education means you will act like a fool when u get money .
@dlakerguy
Ай бұрын
you*
@connorprafke3156
Ай бұрын
i mean, depending on the school they do. but man, youtube still exists. turbotax? its like going to the library, If you want to learn you will learn
@henry7486
Ай бұрын
maybe it’s different in the US but in Australia, we have a weekly class dedicated to it and you can choose to also do ‘Business Studies’ which includes budgeting and saving money
@judohunter1
Ай бұрын
lol they teach it, let’s not act like most pay attention. And getting to any major sports league they have internal courses on this but most ignore it.
@BWehr
Ай бұрын
They definitely teach financial literacy. It seems maybe, you didn't go to school?
@brotherLee340Ай бұрын
Majority of Athletes go broke because of Bad investments, alot of kids, gmabling/drugs. Its typically something extreme. Its rarely family or buying nice cars. Usually they are making really dumb decisions.
@desanihill818028 күн бұрын
That boy Schultz told his barber lemme get a high bowl, No Taper, No Fade 😂😂😂😂🔥🔥🔥
@arivera3203Ай бұрын
Unfortunately it goes down to your circle. If everyone around you thinks and acts like they made it to the nba too and you have a hard time saying no then you’ll be broke quick fast and in a hurry
@brotherLee340
Ай бұрын
That's usually not how most athletes go broke. Majority of them go broke because of bad investments, gambling and alot of kids.
@yoflo3002Ай бұрын
Shultz goin back to SS roots with that cut
@maryannsullivan7724Ай бұрын
JJ is a good guy....taking care of family speaks for itself (and just more than parents at that).
@KevinjimtheoneАй бұрын
Picking Giannis as the thumbnail: a guy notoriously frugal, was funny, tbh.
@recoil53
Ай бұрын
Yeah, I was wondering about that. His place in the suburbs of Milwaukee can't be that much either. Not in comparison to what it would cost in LA>
@jayblizzockАй бұрын
JJ testing Andrew with that Chicago deal and it went over his head😂😂
@kaystarRAW
Ай бұрын
Lmao o that’s what happened.
@bradbaum9070
25 күн бұрын
Straight faced I was confused
@observerealityinhd290
17 күн бұрын
He got a offer sheet from Chicago.
@andregil8612Ай бұрын
JJ Redick is always a good talk
@seanliburd5729 күн бұрын
“They don’t anymore”…baseball and basketball puts players first.👼🏽
@logfogАй бұрын
Everybody comes to work knowing somebody wants their job. That's life. It's competitive and that's good.
@willvr4Ай бұрын
The best advice I heard for ballers when it comes to money is, "Don't buy a house until your second contract, because you don't know if it's coming." Not to mention you could be traded and will have to uplift your family. Also, it's the same shit with rappers. If you don't come from a situation where you're use to having money, you will spend it recklessly. Also, keep an eye out for them family/friend vultures who swoop in with their hands out.
@SportyGeek12Ай бұрын
1000% right, it’s never about $ input it’s about output. Spend within your means and plan for what happens if the flow is no mo.
@wesleydowns3244Ай бұрын
The problem is the lifestyle and spending
@williamcowell1889Ай бұрын
“They don’t anymore” Ya ok JJ
@BklyNYC28 күн бұрын
Anyone who knows more than Schulz and even Schulz senses it so he shuts up? Is a great guest! Thank you JJ
@jaybird4571Ай бұрын
JJ. Reminds me of asher from All American. 😂😂😂
@boblazar6953Ай бұрын
Shultz went for a fade but the barber had a heart attack
@hereitisagain4880Ай бұрын
Hockey the same. I have played both. Always the team first among brothers. No envy.
@quiksix2528 күн бұрын
It stopped when ESPN released their documentary Broke- NFL and NBA realized they gotta help these dudes
@alimuh007Ай бұрын
Magic Johnson signed a max contract 25 years $25 million dollars lol
@therealist2000
Ай бұрын
Adjust for inflation
@manchesterunitedno7
Ай бұрын
Adjusted for his era. At the time it was the highest paid ever, plus he was given a share to Lakers. The fact he is now worth over $200 millions means Magic smart with his money.
@parapapapa69
27 күн бұрын
And a house in LA would cost 80k or some shit instead 2M dollars
@abrahamabhishek4240Ай бұрын
is it just the good-quality mics, or does everyone on this podcast have a great voice?
@spencerdickson969321 күн бұрын
My Rich Uncle always says "Its not what you make, its what you spend"
@skeletor7708Ай бұрын
JJ is Schulz + IQ, Athleticism, Humility, fashion and good looks.
@PInk77W1Ай бұрын
“How is that supposed to last u the rest of your life ?” Don’t touch the principal. Invest and only spend the ROI
@sammy74747
Ай бұрын
Facts. Simple as 1 2 3. Put that in a CD or GIC and you never have to work a day in your life.
@ivanchicola4910Ай бұрын
‘I thought we were getting a watch story’ lmao
@nathanbranson9149Ай бұрын
If you look at the roster for 2002 McDonald's All-American Team, there are about 10 guys who made it to the NBA out of 26 players who made to that game. 14 of those guys I've never even heard of.
@ollihro82Ай бұрын
baby mamas , restaurants, car dealerships ... the holy trinity of athletes going broke
@Keator0728Ай бұрын
Too much money now. It takes hard work to blow all that money
@haruspex1-50
Ай бұрын
NFL is different.
@alarydavidnin
Ай бұрын
It depends, the spends increase with your social status, and brain status
@filmyouinАй бұрын
JJ is the complete dude
@ptccombatfitness6726Ай бұрын
JJ is talking about bench guys. Ask him about guys like Sprewell amd Antoine Walker
@k_hack9441
15 күн бұрын
He said “anymore”. Those guys were late 90s-early 00s. With all the league resources you have to try to screw up that bad
@fireguyhoseman5975Ай бұрын
Schultz looks like a 1920s prohibition moonshiner! 😂
@Vibesgray5Ай бұрын
The goal is make it to the second contract. Also there should be no reason why you’re blowing through 6-8 million dollars no excuse for that. They all should take mandatory monthly financial classes provided by the league.
@handsomeawkward1822Ай бұрын
Him suggesting that the bigger contracts will fix the problem is an interesting take. I kind of think he’s wrong, but we shall see.
@richardlug6139
Ай бұрын
Yes the more you make the more you spend when you are young. Also look at lottery ticket winners of big prizes the majority go broke.
@imthattruenerd5584
Ай бұрын
I agree, giving more players a better contract won't solve anything. Financial Literacy is what would at least decrease the number of players who go broke. You can always teach someone something valuable, but if they don’t want to apply what’s learned then it won’t be as effective. Which is why I stated decrease instead of solving the problem as a whole.
@recoil53
Ай бұрын
Who was the last superstar with money problems? I remember when Gary Payton had trouble making it through the lockout because he bought like 90 luxury cars. A Supermax star could buy that on one year of their contract, post taxes.
@vanhattfield829226 күн бұрын
The "fear" JJ describes is the exact opposite of what someone who is entitled feels...
@GBU61Ай бұрын
It is now a new world with NIL in college. These kids are getting help at 18 and the colleges are setting them up with professional money managers. Now that good money can be made in college, a lot of guys will stay all 4 years. By the time they enter the professional ranks, they are much better prepared.
@TormentalityАй бұрын
stoked JJ is announcing some playoff games. easy and interesting to listen to
@fvdeawayjАй бұрын
Don’t every has a max contact tho. Theres still 2nd round picks are players getting signed minimums etc.
@chrisfelan2665Ай бұрын
Do they film this in Austin where these guys live???
@edross2826Ай бұрын
JJ knows his priorities. You can tell the man is set for life. He might not have made many millions like other players, but he knows how to invest and honor his parents.
@jacobhixson8836Ай бұрын
this is the most remedial and disingenuious financial discussion I've ever come across in my life. and I make it a point to ask people who drool about finances. truly impressive.
@hudsonensz2858
Ай бұрын
What do you mean?
@fenzelianАй бұрын
So to summarize there are four big fixed costs historically with joining the NBA that players underestimate - buying a top-end home, buying a top-end luxury or performance car, paying agents, and funding housing and retirement for their parents. These easily cost millions of dollars, and for the average player in previous era, this was pretty much what they made in their career, though they spent money additionally in a way that assumed they would keep this income.
@Alberto.81Ай бұрын
I like JJ I don't know him in person. I think he knows that money don't make you happy it help you to leave better and in somecircunstaces (health issues) it's better having enough rather than not. But at the end of the day won't make you happy.
@birdbangbobaruniАй бұрын
When is JJ going on Vlad he everywhere
@dfinma25 күн бұрын
6:46 "Ability to provide for their families?" Are you fukcing kidding me? 🤣
@wadeharris34810 күн бұрын
You can’t stop greed or envy.
@perc3136Ай бұрын
Schultz so spazzed off the addy he cant help himself when it comes to interrupting
@philbrick5Ай бұрын
I was watching an interview with Sebastian Telfair talking about the exact same thing. I also watched an interview with Mikey Garcia talking about being offered 2 million for a fight and after paying everyone and his taxes he walked away with around 550k.
@artoro8Ай бұрын
I always liked JJ but ever since he's retired, I've liked him way more. He really loves the game
@dominicvl1990Күн бұрын
If it’s all about the spending and not intake then it could happen with more $. Things are more expensive now too but I bet there is more guard rails and help for people now too
@JB-sv5prАй бұрын
Bro the fake writing shit down on with the pen and paper 😂
@jonlundgren56229 күн бұрын
It’s not what ya make. It’s what you keep.
@seize3Ай бұрын
Glad someone finally said it. I didn't think it happens anymore because of the money now. Guys like Derrick White be signing for $70 million, no disrespect good player but he's making more than Vince Carter did at one point
@spencerleland6772
Ай бұрын
Inflation homie
@flaviomelo813023 күн бұрын
Money is a finite resource
@wespaul633Ай бұрын
IT’S ALL ABOUT THE SPENDING? Well shit! How did this vital financial information stay unknown for so long?
@tywebb6904Ай бұрын
Building wealth isnt about how much money you make but how much moeny you keep
@shannonbuff587Ай бұрын
If you listen to Gil arendas, you know why. they play like half of their games in other cities and party hard in everyone of them. That shit adds up
@Groov3_Ай бұрын
Inflation will make em go broke
@randallmadison9910Ай бұрын
Stupidity. Literally impossible to go broke with their salaries, and they do it regularly.
@nickh9811
Ай бұрын
Not literally then
@randallmadison9910
Ай бұрын
@@nickh9811 Big brain on Nick (sarcasm).
@Shadowjedi00717 күн бұрын
Classy dude no doubt.
@Randelo2013Ай бұрын
JJ will give a honest take
@DB_Cooper.26 күн бұрын
"Stressed to the nines?"
@tommygun80127Ай бұрын
Shultz never got the answer to his question because he wouldn't stop with the secondary questions and eventually they veered of course.
@JMacTheFanaticАй бұрын
a few mil should easily last u a lifetime...as long as u dont go crazy spending
@irvinchadwick50469 күн бұрын
I am sure Antoine walker will be very relieved to herethis.
@jaceski5806Ай бұрын
Im cancelling cable right now
@bumshka21Ай бұрын
'3 year deal with Chicago' can anyone clarify what he's referring to? It was Orlando trade to the Clips...
@mattlestermatel7748Ай бұрын
The last time philly went to a conference final was when Iverson won mvp
@aleehshihadeh6856Ай бұрын
Even after agents and taxes i could set myself up to not be broke with 2.5 mil, im not materialistic, i can work a regular ass job for 10 years to stretch that money out
@badrmoubile9219Ай бұрын
Someone explain to jj and Schulz what inflation is.
@autotrip514 күн бұрын
I remember that McDonald's all American game, JJ rolled in and dropped 25 like nothing
@bilyaminismael6477Ай бұрын
What they forget is also life 10 years ago was different with the prices of everything that nutts
Пікірлер: 863
JJ looks like what Schultz thinks he looks like.
@benr979
Ай бұрын
Lmaooo
@rachelroberts633
Ай бұрын
Thinks looks like? You think you talk smart person 😂
@rolandocedillo5685
Ай бұрын
You must like men and that's okay. Diversity is okay
@ivanpro123
Ай бұрын
LOLLLL
@josesanabria6414
Ай бұрын
😂😂😂
Redick is the haircut you ask for, Schultz is the haircut you get
@ANiCKiN
Ай бұрын
Riddick you go afterwards
@christophergreaves6159
Ай бұрын
😂😂😂😂💀
@JKAnu-yq1tr
Ай бұрын
Including the mustache?
@quiksix25
Ай бұрын
That's 100% an unfinished fade
@intrusivethoughts27
Ай бұрын
It’s cuz he gets a bald fade instead of layered one like Jj
Shultz needs to fire his barber immediately 😂
@markcooke4280
Ай бұрын
Who he think he is hitler 😂😂😂
@biofixphysicaltherapy5353
Ай бұрын
Lol
@RogerBiwandu
Ай бұрын
🤣🤣🤣🤣🤣🤣
@robertkitchens6341
Ай бұрын
His barber is a old man from Germany
@jusbertmeza4424
Ай бұрын
Bro is slowly turning to hitler 😂
he was going to talk about WATCHES but then he switched mid-story to a more wholesome answer 😂
John Stockton drove a mini-van when he was in the NBA
@aarondavid5866
Ай бұрын
not just most likely
@binrui1999
Ай бұрын
Karl Malone was in the back of the van. John stockton assisting off the court
@pdx20
Ай бұрын
@@binrui1999🤣
@KingChambers
Ай бұрын
What does Kawhi drive
@joemetz8588
Ай бұрын
That was to drive karl malones girlfriend
2 words : Baby Mommas
@Crushboi_22
Ай бұрын
1 word, WIFE
@mrboast2826
Ай бұрын
Baby mommas actually cheaper than wife..Wife will take half your money + alimony, and child support...
@Crushboi_22
Ай бұрын
@@mrboast2826 and a bimbo is cheaper than both 💯
@Hiaki1000
Ай бұрын
@@mrboast2826 yeah, but it's easier to have 5 baby mommas then 5 ex wifes
@mrboast2826
Ай бұрын
@@Hiaki1000 I mean 5 bit a stretch though... Because it's expensive to pay child support...Maybe 2-3 was good but 5 that's another level...Maybe they need condom if they manage to pregs 5 woman..🤣
My dad's financial advise was simple. "It isn't how much you make, it's how much you don't spend."
“You never arrive, you’re always becoming.” I love that. We need more of this mentality in today’s world. ❤
Wasn't a JJ fan at Duke but he earned my respect in the NBA and he's great in the talking heads industry. A true professional all around
@alanaldpal950
Ай бұрын
Yep, despite occasionally “putting his foot in his mouth” he is one of the better talking heads
@nathanbranson9149
Ай бұрын
You can see JJ's character build over the years. People didn't "like him" for not good reason while he was at Duke. That's why he has such thick skin today-------he knows how to talk to people even when they don't like him.
@richborn6700
Ай бұрын
@@alanaldpal950compared to Keyshawn Johnson and Kendrick Perkins JJ looks like Einstein
@gmak3090
Ай бұрын
I was going to make the exact same comment, but you got here before me!
@SunniMerlot
Ай бұрын
He was an elite player.
The real flex is when your in a position to give back. Reach one teach one
@garyhost354
Ай бұрын
Why you looking for a handout.
@bkcalvine
Ай бұрын
You're. Why is this so hard?
NBA players go broke when they have 10 kids with 5 different women. Alimony and child support is no joke.
@mrboast2826
Ай бұрын
Yeah like 200k per month ...What kind of child need 200k per month for child support and alimony ..
@o0oStillWeRiseo0o
Ай бұрын
Facts
@o0oStillWeRiseo0o
Ай бұрын
304 Support ***
@draregrevtaam1147
Ай бұрын
So it's the player making stupid choices in his life. I'm amazed at how many people are making stupid life choices.
@Bookake-2
Ай бұрын
@@mrboast2826seriously the women be using for themselves
Schulz never shuts up about money
@dimoraes0902
Ай бұрын
That's literally the name of this cut man. The name of the video is Money related. You want them to talk about pokemon? Just search "schulz" pokemon. They won't be talking about money
@fatsoaok6749
Ай бұрын
this type of comment is why he isnt broke and you are
@spencerleland6772
Ай бұрын
@@fatsoaok6749nah, some people appreciate things other than just money
@jakelowk3y793
Ай бұрын
i mean he is jewish
@darkostanisavljevic1105
Ай бұрын
Must be a jew
5% of 4 million, is 200,000. You could quite literally live off of interest.
@Zagirus
Ай бұрын
*Dividends
@NickZhu50581203
Ай бұрын
We could but they can’t, in their world a Range Rover sport is not a nice car…
@JGB1990
Ай бұрын
These guys are idiots
@AndresGomez-ct7qb
Ай бұрын
@@NickZhu50581203 And in their world it's normal to spend 15k on an outfit and throw it away after taking one picture in it
@studynot757
28 күн бұрын
It’s all about the spend as he said
I knew a (white) guy who had a mortgage of $8k a month on a $14k-$16k monthly salary. I told him, "I dont like telling grown people how to spend their money, but that's an insane mortgage when your salary isn't guaranteed for the life of the mortgage." He told me, "My wife wanted it, so I bought it." I said, "That's your main mistake. You should've told her, "no".
@CrazyLocoInsane1
Ай бұрын
Damn I thought my 3k a month was stupid lol.
@Hiaki1000
Ай бұрын
yeah it;s a lot but it's not like he is poor and has nothing left + unless he is not 60, he will only earn more, not less and will pay it off early.
@Maleegi
Ай бұрын
@@Hiaki1000 the point is what will he do if the money stops coming in i.e. if shit hits the fan
@Hiaki1000
Ай бұрын
@@Maleegi probably sell the house and be profitable
@L1ghtning407
Ай бұрын
I mean what year did he buy it? its probably worth 2x now and hes rich af
It’s not What you make, it’s what you keep
Whit that hair cut, Schulz is ready to play on "Inglorious Bastard II", he even doesn't need to change his name !!! 🙂
@MK-zz5qe
Ай бұрын
"Batter up"
@funkytiger6967
Ай бұрын
Schulz would make an amazing Rat Jew: the Bear Jew's sidekick, asks you about how much money you make while the Bear Jew beats you up with a bat. Once you're beat up and Brad Pitt's done marking your forehead he'd slip a zyn in your mouth.
@tmi890
Ай бұрын
Nein nein nein nein nein
Bro said “how is 10 mil gonna last you the rest of your life” the fuck
@chelsican
16 күн бұрын
do the math half for taxes & agent 1 mil for a house for your parents 1 mil for your house half mil for cars, interior, clothes, vacations 2,5 mil left for the rest of your life lets say you are 34 at the end of your career average life expectancy in the us is 76 42y * 12months = 504 2.500.000/ 504 = 4.960 $ dont forget, everyone wants you to pick up the bill, because they think you are super rich af & you have rich friends, with rich hobbies & needs
@dtf4life1
16 күн бұрын
@@chelsicannone of the things you listed are valid excuses lmao Mfs can't manage their money and are just plain irresponsible
@kingajofficial5527
11 күн бұрын
@@dtf4life1they act like because ur rich u have to have a “rich lifestyle”🤣🤣🤣🤣
@lidgerwoodj
2 күн бұрын
He said that after listing the massive expenses these guys either have to pay or are expected to pay. If you do the things pro athletes usually do, your rookie contract will be all spent very quickly. You’d have to be very counter-cultural to not spend it all. Every relative you’ve never heard of comes out and expects you to buy them a house.
Its pretty simple, a lot of guys dont make it to their second contract and realise that they cant spend more than what they bring in.
Sure use the most frugal player in the NBA on the thumbnail😂
@darnellc7276
Ай бұрын
Lmao 😂 fr
@TheFn414
Ай бұрын
For real tho 😂
@abdulfarah4030
Ай бұрын
That'd be LeBron
@darnellc7276
Ай бұрын
@@abdulfarah4030 lebron probably a close second, i doubt lebron got his money spread across 20+ accounts so that the bank fully insures it all
@LunchlineGeneral
Ай бұрын
On god
JJ hit the nail on the head...never believe you have arrived...always strive for the next goal and level. I wish Vince Carter had this mentality (as a life long Raptors fan).
@lhagiduty
Ай бұрын
Is he broke or smth?
@grahamstrouse1165
Ай бұрын
@@lhagidutyVince played 21 years. He’s fine. He peaked early, though & had some injuries. Lost most of his elevation, became a three-point shooter.
@TuckerUp
Ай бұрын
Go cry some more. Y’all beat the warriors for a title. Vince Carter had a great career.
Never underestimate the phrase "I have a business idea for you"
He acts like it’s a struggle for these players to live off of millions of dollars. Once your career is over. Get a real job. The average player makes more in 4 years than I would in a lifetime. I have zero sympathy and find it comical how out of touch these millionaires are.
@sora4440
Ай бұрын
Yea idt these ppl realize how much money they make. If you make 100k a year for 30 years up to retirement age, that nets you 3 million in your lifetime. He's saying that the average player with an average career in his day would make 8 million in his career. Almost 3 times what a man makes at a 100k salary in his lifetime. And a 100k salary isn't the norm, that's top 10-15% in some states...
@a7xsynshadows
Ай бұрын
😊@@sora4440
@shofiulrahman8988
Ай бұрын
Clearly didn’t listen to the message. It’s a struggle because they lose it all. When you had 5 million a year come in and living a 5 million a year lifestyle. if you don’t adjust your lifestyle what is going to happen? Before you know it all the money is gone
@wanextoo
25 күн бұрын
Rich people complaining they don't have enough at the end of the month because they "had" to spend too much? Sure...
@SK-mr6ov
24 күн бұрын
Lifestyle though dumbass, everyone driving Ferraris
I feel like JJ was dancing around the real reason most use to go broke
@spencerleland6772
Ай бұрын
Cause hes gotta tip toe with the "brothas"
@brotherLee340
Ай бұрын
The ones who do go broke is usually because of some extreme dumbness. Baby mama's, Gambling, drugs and bad investments
@Zaghzackio
Ай бұрын
JJs not the white person to ask abt this
@brett2660
Ай бұрын
Agreed, but what he did say was eye opening to me. You can even back into the numbers a little bit. In his example, say someone gets a contract for $10M over 5 years. Well, I'm assuming $1-$2M goes to your agent. Probably $4M goes to taxes, insurance, accounting, and/or legal. So, you have $4M left for you and family. A house is probably easily $1M. Helping family with their debts, houses, cars, etc. is probably another $1M. Now, you have $2M left to live off of, which is doable, but these are basketball players, not finance experts. I could easily see someone without decent money skills blowing through that in a few years.
@agi2160
Ай бұрын
Only "2M left to live off" doesn't require you to be a finance expert. It requires you not to be a retard. Come on, Brett 😂
Normal Americans hearing "how are you supposed to make 5 million last the rest of your life" is such a spit in the face
@rososhow2031
21 күн бұрын
Well, when you think about how that 5 million is taxed and all the fees, expenses it's understandable, especially if that's your only skill. You have to compete with other individuals in the job market once they can't play anymore. How do you maintain the current standard of living or even the average standard if they go from making 5 million to 50k a year or less, because that's the only skill most will have obtained.
@plinkertonman
19 күн бұрын
@@rososhow2031 they shouldn't live like they're making 5 mil a year lol. they can literally live off the interest of their millions comfortably, they're losing their millions because they are overspending on luxury items. also they're getting booted from the NBA in their mid to late 20s. they can obviously obtain skills. they aren't some poor 50 year old draftsman getting automated.
@porcelinaofvastoceans
19 күн бұрын
@@rososhow2031Looks like the poor millionaire athlete might have to get a basic labor job like the rest of the basic public.
Normal people make their dumbest financial mistakes while they are young and broke. Athletes are massively rich when they make those dumb mistakes.
@michaelharrington8401
Ай бұрын
YEP
@imranak12
Ай бұрын
wrong. You give a normal person a million dollars they will fuck it up more often than not. Happens to most lottery winners. Most athletes that go broke became millionaires at 18 who came from poverty.
@onyx9857
Ай бұрын
@@imranak12 you're agreeing with me and you don't even realize it.
@Alberto-xz7th
Ай бұрын
That is actually an urban myth. Lottry winners don't go broke@@imranak12
@kirasawa23
Ай бұрын
No. Athletes will MAKE BIGGER mistakes since they have more money and will hurt much much more.
Amazing interview, one of the best
Shultz look like he part of the Schutzstaffel😂😂
JJ was pretty spot on with that quote at the end. Even in music, I'm doing stuff that 2 years ago I dreamed of doing, but now I'm in the middle of it, it just feels normal, it never feels like the huge monumental moment you expect it to be in your head.
They dont teach financial education in school. No education means you will act like a fool when u get money .
@dlakerguy
Ай бұрын
you*
@connorprafke3156
Ай бұрын
i mean, depending on the school they do. but man, youtube still exists. turbotax? its like going to the library, If you want to learn you will learn
@henry7486
Ай бұрын
maybe it’s different in the US but in Australia, we have a weekly class dedicated to it and you can choose to also do ‘Business Studies’ which includes budgeting and saving money
@judohunter1
Ай бұрын
lol they teach it, let’s not act like most pay attention. And getting to any major sports league they have internal courses on this but most ignore it.
@BWehr
Ай бұрын
They definitely teach financial literacy. It seems maybe, you didn't go to school?
Majority of Athletes go broke because of Bad investments, alot of kids, gmabling/drugs. Its typically something extreme. Its rarely family or buying nice cars. Usually they are making really dumb decisions.
That boy Schultz told his barber lemme get a high bowl, No Taper, No Fade 😂😂😂😂🔥🔥🔥
Unfortunately it goes down to your circle. If everyone around you thinks and acts like they made it to the nba too and you have a hard time saying no then you’ll be broke quick fast and in a hurry
@brotherLee340
Ай бұрын
That's usually not how most athletes go broke. Majority of them go broke because of bad investments, gambling and alot of kids.
Shultz goin back to SS roots with that cut
JJ is a good guy....taking care of family speaks for itself (and just more than parents at that).
Picking Giannis as the thumbnail: a guy notoriously frugal, was funny, tbh.
@recoil53
Ай бұрын
Yeah, I was wondering about that. His place in the suburbs of Milwaukee can't be that much either. Not in comparison to what it would cost in LA>
JJ testing Andrew with that Chicago deal and it went over his head😂😂
@kaystarRAW
Ай бұрын
Lmao o that’s what happened.
@bradbaum9070
25 күн бұрын
Straight faced I was confused
@observerealityinhd290
17 күн бұрын
He got a offer sheet from Chicago.
JJ Redick is always a good talk
“They don’t anymore”…baseball and basketball puts players first.👼🏽
Everybody comes to work knowing somebody wants their job. That's life. It's competitive and that's good.
The best advice I heard for ballers when it comes to money is, "Don't buy a house until your second contract, because you don't know if it's coming." Not to mention you could be traded and will have to uplift your family. Also, it's the same shit with rappers. If you don't come from a situation where you're use to having money, you will spend it recklessly. Also, keep an eye out for them family/friend vultures who swoop in with their hands out.
1000% right, it’s never about $ input it’s about output. Spend within your means and plan for what happens if the flow is no mo.
The problem is the lifestyle and spending
“They don’t anymore” Ya ok JJ
Anyone who knows more than Schulz and even Schulz senses it so he shuts up? Is a great guest! Thank you JJ
JJ. Reminds me of asher from All American. 😂😂😂
Shultz went for a fade but the barber had a heart attack
Hockey the same. I have played both. Always the team first among brothers. No envy.
It stopped when ESPN released their documentary Broke- NFL and NBA realized they gotta help these dudes
Magic Johnson signed a max contract 25 years $25 million dollars lol
@therealist2000
Ай бұрын
Adjust for inflation
@manchesterunitedno7
Ай бұрын
Adjusted for his era. At the time it was the highest paid ever, plus he was given a share to Lakers. The fact he is now worth over $200 millions means Magic smart with his money.
@parapapapa69
27 күн бұрын
And a house in LA would cost 80k or some shit instead 2M dollars
is it just the good-quality mics, or does everyone on this podcast have a great voice?
My Rich Uncle always says "Its not what you make, its what you spend"
JJ is Schulz + IQ, Athleticism, Humility, fashion and good looks.
“How is that supposed to last u the rest of your life ?” Don’t touch the principal. Invest and only spend the ROI
@sammy74747
Ай бұрын
Facts. Simple as 1 2 3. Put that in a CD or GIC and you never have to work a day in your life.
‘I thought we were getting a watch story’ lmao
If you look at the roster for 2002 McDonald's All-American Team, there are about 10 guys who made it to the NBA out of 26 players who made to that game. 14 of those guys I've never even heard of.
baby mamas , restaurants, car dealerships ... the holy trinity of athletes going broke
Too much money now. It takes hard work to blow all that money
@haruspex1-50
Ай бұрын
NFL is different.
@alarydavidnin
Ай бұрын
It depends, the spends increase with your social status, and brain status
JJ is the complete dude
JJ is talking about bench guys. Ask him about guys like Sprewell amd Antoine Walker
@k_hack9441
15 күн бұрын
He said “anymore”. Those guys were late 90s-early 00s. With all the league resources you have to try to screw up that bad
Schultz looks like a 1920s prohibition moonshiner! 😂
The goal is make it to the second contract. Also there should be no reason why you’re blowing through 6-8 million dollars no excuse for that. They all should take mandatory monthly financial classes provided by the league.
Him suggesting that the bigger contracts will fix the problem is an interesting take. I kind of think he’s wrong, but we shall see.
@richardlug6139
Ай бұрын
Yes the more you make the more you spend when you are young. Also look at lottery ticket winners of big prizes the majority go broke.
@imthattruenerd5584
Ай бұрын
I agree, giving more players a better contract won't solve anything. Financial Literacy is what would at least decrease the number of players who go broke. You can always teach someone something valuable, but if they don’t want to apply what’s learned then it won’t be as effective. Which is why I stated decrease instead of solving the problem as a whole.
@recoil53
Ай бұрын
Who was the last superstar with money problems? I remember when Gary Payton had trouble making it through the lockout because he bought like 90 luxury cars. A Supermax star could buy that on one year of their contract, post taxes.
The "fear" JJ describes is the exact opposite of what someone who is entitled feels...
It is now a new world with NIL in college. These kids are getting help at 18 and the colleges are setting them up with professional money managers. Now that good money can be made in college, a lot of guys will stay all 4 years. By the time they enter the professional ranks, they are much better prepared.
stoked JJ is announcing some playoff games. easy and interesting to listen to
Don’t every has a max contact tho. Theres still 2nd round picks are players getting signed minimums etc.
Do they film this in Austin where these guys live???
JJ knows his priorities. You can tell the man is set for life. He might not have made many millions like other players, but he knows how to invest and honor his parents.
this is the most remedial and disingenuious financial discussion I've ever come across in my life. and I make it a point to ask people who drool about finances. truly impressive.
@hudsonensz2858
Ай бұрын
What do you mean?
So to summarize there are four big fixed costs historically with joining the NBA that players underestimate - buying a top-end home, buying a top-end luxury or performance car, paying agents, and funding housing and retirement for their parents. These easily cost millions of dollars, and for the average player in previous era, this was pretty much what they made in their career, though they spent money additionally in a way that assumed they would keep this income.
I like JJ I don't know him in person. I think he knows that money don't make you happy it help you to leave better and in somecircunstaces (health issues) it's better having enough rather than not. But at the end of the day won't make you happy.
When is JJ going on Vlad he everywhere
6:46 "Ability to provide for their families?" Are you fukcing kidding me? 🤣
You can’t stop greed or envy.
Schultz so spazzed off the addy he cant help himself when it comes to interrupting
I was watching an interview with Sebastian Telfair talking about the exact same thing. I also watched an interview with Mikey Garcia talking about being offered 2 million for a fight and after paying everyone and his taxes he walked away with around 550k.
I always liked JJ but ever since he's retired, I've liked him way more. He really loves the game
If it’s all about the spending and not intake then it could happen with more $. Things are more expensive now too but I bet there is more guard rails and help for people now too
Bro the fake writing shit down on with the pen and paper 😂
It’s not what ya make. It’s what you keep.
Glad someone finally said it. I didn't think it happens anymore because of the money now. Guys like Derrick White be signing for $70 million, no disrespect good player but he's making more than Vince Carter did at one point
@spencerleland6772
Ай бұрын
Inflation homie
Money is a finite resource
IT’S ALL ABOUT THE SPENDING? Well shit! How did this vital financial information stay unknown for so long?
Building wealth isnt about how much money you make but how much moeny you keep
If you listen to Gil arendas, you know why. they play like half of their games in other cities and party hard in everyone of them. That shit adds up
Inflation will make em go broke
Stupidity. Literally impossible to go broke with their salaries, and they do it regularly.
@nickh9811
Ай бұрын
Not literally then
@randallmadison9910
Ай бұрын
@@nickh9811 Big brain on Nick (sarcasm).
Classy dude no doubt.
JJ will give a honest take
"Stressed to the nines?"
Shultz never got the answer to his question because he wouldn't stop with the secondary questions and eventually they veered of course.
a few mil should easily last u a lifetime...as long as u dont go crazy spending
I am sure Antoine walker will be very relieved to herethis.
Im cancelling cable right now
'3 year deal with Chicago' can anyone clarify what he's referring to? It was Orlando trade to the Clips...
The last time philly went to a conference final was when Iverson won mvp
Even after agents and taxes i could set myself up to not be broke with 2.5 mil, im not materialistic, i can work a regular ass job for 10 years to stretch that money out
Someone explain to jj and Schulz what inflation is.
I remember that McDonald's all American game, JJ rolled in and dropped 25 like nothing
What they forget is also life 10 years ago was different with the prices of everything that nutts