“I found the house on Zillow because it was the only house in the neighborhood with a basketball hoop that only received dunks and layups” 😂😂😂

@terrenceboone5206

2 жыл бұрын

ROFLMFAO, I love his humor

@CitizenoftheWorld1

2 жыл бұрын

Gotta love his dry humor lol

@daddyfamlittle6262

2 жыл бұрын

That's all he has to do obviously to gain 30 mil! 🤨 Don't really see the humor.

@derm33

2 жыл бұрын

Best low key roast I’ve ever heard. Almost slipped right by me. Shits too funny

@jackramsden9346

2 жыл бұрын

This really made me laugh m too

Luol Deng consistently makes me smile. I'm super happy to hear about the guy's success. He was a class act on and off the court.

@Saixjacket

2 жыл бұрын

That man was the definition of a grinder in the nba

@aboy6974

2 жыл бұрын

Born poor as hell. He knows what real poverty looks like and isn't trying to go back to it.

@ilai7893

2 жыл бұрын

Props to him!

@yvans.

2 жыл бұрын

@@aboy6974 lol nah he just smart. A lot of guys are born poor as hell but they still going broke. Kudos to Luol

@CH-vm6cq

2 жыл бұрын

@@yvans. he was literally a sudanese refugee. Living in a dirt hut. Most players haven't seen poverty like that.

When the man is buying a new car every month it's almost impossible for one to feel sorry for him going broke.

@BoxOfOranges84

2 жыл бұрын

If you're rich and you want a bunch of fancy cars, just cycle through long term rentals or short-term leases. Buying these cars is easily the worst decision you could make

@orionh5535

2 жыл бұрын

@@BoxOfOranges84 or buy collector cars that go up in value, drive them only once a month for the kicks, and drive a toyota otherwise

@bettermanchannel770

2 жыл бұрын

They're young and dumb when it comes to principles

@AikiraBeats

2 жыл бұрын

That part like why would you buy that many cars

@tuneunleashed

2 жыл бұрын

If I had the money I will have to fight my urges. I would probably buy a 1 or 2 Million Dollar home in Dallas, TX or in Las Vegas, NV and buy a Lexus IS 500. Don't need more than that. If I can drive one single car for multiple years why do I need more than 1. I know it’s easy for me to say because I’m not rich but due to my rough upbringing I know exactly what to do and not to do.

I’m here for the gossip but I love how you ended it in a high note with someone who did the right things… keep it up

@thomascarruthers4397

2 жыл бұрын

And for the community too 👌🏼

@melbrooks8829

2 жыл бұрын

I loved this ending as well. Great video.

@SoapMacLavish

2 жыл бұрын

Not really fair to be creating this video based on unverified stories but content is king I guess

@solascripturaPR1517

2 жыл бұрын

Reminds me of any redemption story, by Flemlo Raps.

A lot of it is peer pressure. I watched the 30 For 30 “Broke” documentary and they talked about how players get pressured to flex by their fellow players. If you pull up to practice and park a Corolla next to a Bentley, you get clowned. If you wear a basic suit while they’re in Gucci and Tom Ford, you get clowned. You’re expected to overspend, to buy dinner for all the boys, to go to the club with them, and you will be alienated if you don’t. If that’s the example you have set for you, it’s not a surprise that you’re going broke.

@Saixjacket

2 жыл бұрын

Better be actually good at what you do then. Most of those types of players don’t last.

@ThatGuyz82

2 жыл бұрын

That was more true for football, not basketball.

@chrsmcfrln

2 жыл бұрын

That’s the poverty cycle trap.

@BitcoinIsGoingToZero

2 жыл бұрын

Player financial culture sounds really bad.

@midnightrambler3865

2 жыл бұрын

John Stockton is one of,if not the best point guards in the history of the NBA and they said he used to pull up to the stadium for home games in a mini-van.Stockton has been retired for about 20 some years and still hasn't gone broke.Never seen him dress flashy or wear any jewelry but he has the respect of everyone he ever played with....All that flashy sh*t is just a bunch peacocking and the jewelry industry is a scam anyways....

Spencer you should look up former Detroit Lions safety Glover Quin, he invested 70% of his contract. What he made in 8 years in the NFL, he made close to the same in 5 years of investing.

@7_k265

2 жыл бұрын

Always invest so if you make it rich so you can make a ton back and actually buy that rari and lambo

@JayBigDadyCy

2 жыл бұрын

I know a couple years ago there was a lot least one player who insisted on being payed partially in Bitcoin in the NFL. I cannot remember who it was, but that was a solid choice. This was when BTC was still below 10k.

@hakeem2824

2 жыл бұрын

@@JayBigDadyCy so back in june 2020

@criptin4075

2 жыл бұрын

@@JayBigDadyCy Haha dude wanted crypto but didnt know how to buy with a wallet so he pushed it into his contract. =p

@kdynamite64

2 жыл бұрын

@@JayBigDadyCy odell with his rams contract and an Offensive Lineman before that I believe

Why NBA players go broke : they date Kardashians !

@truindividual

2 жыл бұрын

Thots in general

"i found the house on zillow because it was the only house in the neighborhood with a basketball hoop that only receives dunks and layups" you a certified menace spencer🤣🤣

@pushslice

2 жыл бұрын

Oofff, Headshot !!

simple answer: they focus too much on shooting off the court than on the court

@carboy101

2 жыл бұрын

*scoring

@chance2413

2 жыл бұрын

@@carboy101 both. most are thug scum

@KT-ki6gz

2 жыл бұрын

Ben Simmons focusing on shooting ? I don't think so lol

@dynamicflashy

2 жыл бұрын

@@chance2413 Racism because of jealousy. Pathetic.

I know some people who are friends with luol deng, he runs with a good group. I've never heard a bad thing about him. Nothing but generosity, Goodwill and activism from that man. He's a treasure to Chicago

Isn’t Ben Simmons also being constantly fined by the team for missing all of these games?

@jgaming1045

2 жыл бұрын

Yes he is

@goonhead3791

2 жыл бұрын

loses money from not holding up to his end of the contract

@itsyaboi5488

2 жыл бұрын

They recently put it on hold cause he got engaged lol

@dantevarona8962

2 жыл бұрын

he was already fined at least 10m up to this time.

@notatrollll

2 жыл бұрын

It’s more he is not being paid his contract, but they do it through fines. Technically hes not making or losing money. Just not getting any

He's in good enough shape to travel, date, propose to a woman and generally living it up, and yet he's trying to sell to the world that his mental health issues are preventing him from reporting duty or practice in the gym? Come on

@pepsusser

2 жыл бұрын

I don't know ben to say whether he's being truthful but anyone can struggle with mental health

@Saixjacket

2 жыл бұрын

@@pepsusser dude is ready to have half his income stripped from him by a woman for any reason, but practice and extra effort? NO WAY MAN, MY MENTAL HEALTH BRO!!!!

@mkultravibes7763

2 жыл бұрын

It’s is mental issues . He couldn’t take the heat after he got called out during Achilles playoff exit for being crappy on offense

@jayu7141

2 жыл бұрын

Half of the world are struggling with mental issues every single day and they are still working and fulfilling their contractual obligations. He won't win in a court case for damn sure

@pepsusser

2 жыл бұрын

@@Saixjacket he's literally being self destructive, spending poorly and doing impulsive things. Doesn't seem like he's in the best state of mind. I don't agree with what he's doing but it would make sense as a lot of people try to cope with external gratification and avoidance. Dude needs help

Dude you talked about athletes getting in financial trouble with child support, the biggest doozy I ever remember hearing was Travis Henry. Running back with a somewhat successful 6 year career but also had 11 children from 10 different women (and really those are just the ones we know about) leaving him to pay over 170 grand a year in child support even after he stopped playing.

This is where good parenting comes in. My parents made sure we could manage money from early in our lives. Commerce was studied at School, where we learned all about taxes, managing companies etc. I took finance related subjects as major at Uni. I have a healthy relationship with money.

@lombardo141

2 жыл бұрын

You have Survivorship bias. Tons of stories out there with great parents and the kid ends up in prison anyways. Your experience is yours does not make it a guarantee in real life.

@SupaFlyMagic

2 жыл бұрын

That's what's up. I didnt have any of that. My parents didn't do or teach me or my sisters anything. At all. If they gave me a dollar growing up I thought we were balling

@foynemfilms

2 жыл бұрын

@@lombardo141 facts

@purelysmetalnightcore

2 жыл бұрын

You don't even need to have had a financially sound upbringing when you come into wealth. You just need common sense to turn the money over to a financial advisor. I've always believed it to be a common-sense issue.

@purelysmetalnightcore

2 жыл бұрын

@@finishline6298 I took a finance course in US high school.

Thanks for not just focusing on the negatives and sharing Luol Deng's story with us and not just focusing on the athletes that made bad mistakes. He's a great example of what people in his position should do with their money. You can do good and make some money at the same time. Everybody wins.

Earning money is not enough. The ability to manage it is just as important.

@cillyprodd

2 жыл бұрын

More important

@donaldlyons17

2 жыл бұрын

Management is important but I just wanted to point out that EARNINGS IS THE MOST IMPORTANT PART. Example shaq could spend 9 mill and invest 1 million. Just 2-4 years of doing this he will have made the equilateral of AVERAGE INCOME for almost 1/2 the entire population!!!!

*People may question how did Deng make so much money in the NBA, but you definitely can't question why he'll be one of a small group to make exponentially more outside of the NBA. Shoot, sports as a whole...* 👏

@akinokusami3623

2 жыл бұрын

Yet it is not 'hard' to do what Deng has done. These athletes have access to smart guys like Deng's partner or Rich Paul. But they ignore these dudes as they would rather surround themselves with ratchet people who'll take them to the strip club & get IG chicks pregnant. When they do try to wisen up & 'invest' their cash, they'll be inevitably be drawn to the hustler or ex-con who'll obviously swindle or mismanage it.

@user-zl1yn6ys1c

2 жыл бұрын

Aren't the Lakers still paying him?

@MrPrettyBoyChina

2 жыл бұрын

I had no idea deng made 150M.

@ryanjohnson5882

2 жыл бұрын

Why would they question how he made as much as he did in the nba? He was a great nba player

The average NBA player lasts 5 seasons with a mean salary of $8 mil, median salary of $4 mil. Just because the stars make generational wealth, doesn't mean most will. These are the stats they should show these players at the combine.

@thunderb00m

2 жыл бұрын

8 million dollar invested well can go a long way. Certainly will buy your children the best training and education possible without having to work a day.

@darryledxavier6392

2 жыл бұрын

@@thunderb00m most athletes and musicians and movie stars are idiots and they are suddenly thrustsed into wealth

@cameronno6039

2 жыл бұрын

@@darryledxavier6392 You could broaden that to state most people are idiots. The fact is anyone can use hindsight to state what someone else could have or should have done. Many can use foresight to actually execute those things in real time, but FEW actually do give maximal, committed effort in a discerning way to prosper, regardless of wealth or education. Successful athletes and musicians utilized hard work to get where they are to the level most of us will never achieve. We all have vice and are all human. If they want to enjoy their youth, let them. Why do people get so butt-hurt about it?

@cameronno6039

2 жыл бұрын

​@@thunderb00m To live the rest of your life with $8 mil pre-tax would require ridiculous investments, highly lucky returns, btw. The stock market for most is basically poker, just another form of high-end gambling. Long-term, sure, but you don't see that money for years in a 401k.

@darryledxavier6392

2 жыл бұрын

@@cameronno6039 never said they aren't hardworking or talented just stupid alot of people are really successful but are stupid when you look at their lives and lifestyle especially money

imagine being good at sports

@Moons1167

2 жыл бұрын

imagine being good at anything lmfao

@michaelbrandon1222

2 жыл бұрын

Lol

If players are still going broke with so many of them making $100m+ lifetime earnings, there's no saving them.

@stevenwang7850

2 жыл бұрын

You saying I can't?

@GoldenGod69

2 жыл бұрын

Yup, if I made $30mil in one year, 90% of that is going into properties and investments… never have to work another day in your life

@marcelohendrix6139

2 жыл бұрын

rarely do players go broke anymore especially guys who have played 10+ seasons

@MB-nb7yq

2 жыл бұрын

@@marcelohendrix6139 mmm not really because many forget that retirement will come in a flash. If they earn a 1 million a month just as an example, many spend it all in a month. They forget taxes and all.

@ajstiff6545

2 жыл бұрын

@@MB-nb7yq who is broke then

Great video Spencer, love that you bring up the smart and "lesser" know professionals with their success stories - as someone who does not know athletes beyond the BIG name players, it's cool to see that some actually don't squander and waste away their earnings from their talents. It feels insulting that an athlete will make 100x in a couple years to what I will make in my entire life of working only for them to blow it moronically.

@ichagala4974

2 жыл бұрын

junior bridgeman is a good one

@raekwondachef3001

2 жыл бұрын

@Samuel Fagbemi neither will you

@zimz6349

2 жыл бұрын

@Samuel Fagbemi I guess many of those elite gifted players aren't very 'gifted' when it comes to money.

I grew up in a family where money was always a problem even though my father was in the top 20% of income earners in my country (six figures) but he always blew off his money on some of the most useless stuff. Cars, cars, more cars, watches, antiques. When he passed away, he left barely enough money to pay off his debts, and my family was left with nothing. My mother got nothing, and my other siblings sacrificed their inheritance to give it to my mom who then found out that my dad had left more debts on land that he bought and she had to use that money to pay it off. I had barely enough money to goto uni, thanks to some of my siblings willing to fork up and give me money, I could go. It was also a public university so It was subsidized which helped a ton. I watch your videos and learn about personal finance from my brother who works as an accountant so that I don't make the same mistakes my father made. Even though he left a lot of debts behind him, I always loved my dad, he always smiling you know, the dude was my dad, I would have never existed without him. R.I.P Dad.

@JohnDoe-kx1yt

2 жыл бұрын

ur dad was a worthless human being, very selfish

@madrain3941

2 жыл бұрын

@@JohnDoe-kx1yt he wasn't perfect, but humans never are. But, when you lose someone, that's when you know what their worth to you. I would trade everything I have and will ever have just to see him for a second. Maybe one day you'll understand.

@yasminm.1801

2 жыл бұрын

woow, thanks for sharing such a vulnerable story with us. ✨I’m sure we can all learn some beneficial tips about finances and saving from Spencer xx

@Navs126

2 жыл бұрын

Your dad taught you a lot. Obviously you’ve grown aware of that now.

@ChristinaFromYoutube

2 жыл бұрын

@@JohnDoe-kx1yt most people are very selfish.

Crazy. Not to be judgemental, but what do people do with 10,000 sqft mansions? How many bedrooms and bathrooms do you need? That's very unpractical and tiring to keep up with. Plus he didn't buy it in a flamboyant or fancy city like LA, Miami or NY, where he could "easily" sell it when he gets tired of it or moves away. Regardless of how rich I was, I wouldn't go beyond 4,000 sqft. However I still understand that the euphoria of having insane amounts of money at such young age could get the best of you.

@WatcherPrime

2 жыл бұрын

It's to show off. Most humans are fine with a few rooms for themselves and the rest of the mansion is to win pissing contests. Most personal rooms in a mansion are the square footage of duplex housing.

@miffafia1

2 жыл бұрын

I always wonder about this? ..... Enough bedrooms for 3 guests and some amenities should be more than enough.

@mikecimpu4077

2 жыл бұрын

​@@miffafia1 yeah right? I agee with you. That's so much more than necessary. He likely bought it to host big parties as well.

I enjoyed listening to the guys that are doing it right and are successful. Would love to see a couple more of these.

You’re right Spencer, we wouldnt mind if he went broke lmao Keep up the great videos!

@pigs6486

2 жыл бұрын

Worst fans in sports.

@jessecontreras447

2 жыл бұрын

@@pigs6486 this is a dude that takes more than he gives, no sympathy.

@pigs6486

2 жыл бұрын

@@jessecontreras447 well he got robbed of a DPOY award and shut down Trae from games 2-7. Philly hate is so blinding. Who's the idiot who guarded Trae in game 1? Who's the idiot who gave Tobias Harris $40 million a season? Who is the most overrated coach in the NBA? What's the excuse when you lose in the first round again?

@TheKaijudist

2 жыл бұрын

@@pigs6486 Ben's a stone cold loser

@pigs6486

2 жыл бұрын

@@TheKaijudist cool story.

I loved Loul in the NBA. I would say never a superstar but an integral part of the team, a difference maker for a championship team. To hear what he's doing now, that's amazing. My full respect compared to someone like Antone Walker or A.I.

@solascripturaPR1517

2 жыл бұрын

Overseas mentality versus the typical Americans living the "American Dream".

I love the way you break down numbers to find non-trivial insights by mixing publicly available data and domain expertise. Looking forward to catching up soon! Need to give you an update on our 5 year business challenge. Hope you've had an awesome 2022 so far 😁🙏🏾

Been waiting on you to bring this series back for the longest! Please continue this in addition to he guru exposals.

This was a well done video. Great flow from start to finish. Ending on a high note was a nice touch!

Spence thanks for the hard work researching and putting these together I know it’s a grind. Love it

I’m sure Ben will see this. If he does, here’s a simple approach to growing wealth. If it doesn’t doesn’t bring money it’s not worth buying. I own a simple business, screen printing t-shirts. The income was okay but payments would come in late so I almost always had a cash flow problem so I bought sewing machines and expanded into full production. I then opened a shop where I sell one product...blank t-shirts. I sell them for $4 per unit and push bulk and now I’m okay on cash flow. Instead of relaxing and spending money from these two businesses I combined those two incomes and saved up for a large format sublimation machine which arrived last week so now I’m moving into my third stream of income...sportswear. I’m also about to build a warehouse to work from home, after that my next target is getting a weaving machine and actually make the fabric while outsourcing dyeing. I realized it’s easy to make more money if you invest in assets and ventures that bring in income on top of income. I will never drive an expensive car. I drive a Mazda 2 while my mates drive 160k usd Mercedes. I’m in Africa

@MrRilarios

2 жыл бұрын

Great example mate. You think long term and building sustainable income streams. Yes, the mercedes is the better car, but the mazda can get you anywhere too.

@iy5531

2 жыл бұрын

Excellent.

@deanchur

2 жыл бұрын

I drive the sister car, Ford Fiesta. They're great cars, and you don't have to worry if you get it scratched or dented because it's cheap anyway (unlike your friend's Mercedes). Just remember that Jeff Bezos was still driving his Honda Accord when Amazon hit $1B market valuation.

@marcelohendrix6139

2 жыл бұрын

ben simmons has a financial advisor, accountant and is managed by klutch people who are way more qualified and experienced than you.. if you believe the article of him blowing his money then you can’t be helped. he’s making better financial decisions than you

About Luol Deng, the guy is not American. American players are spoiled about flexing every dollar they earn.

@munaali840

2 жыл бұрын

yes. he is also very active and supportive of people in South Sudan and his Dinka tribe. His father was a politician and his mother a doctor, this is not the common background of most basketball players.

@bigmac22ify

2 жыл бұрын

Ben is from Australia though

My favourite series! Keep up the great content Spencer

Loving the educational tone and the highlight at the end. Glad you're sharing your views and style, Spencer, it's needed in the world these days. (It's like no one realizes they need to learn budgeting skills, so odd. I went to an older friend, who happened to be a financial planner, immediately upon moving out on my own at 17, and showed him my budget and asked for any advice he was willing to give. He said I budgeted better than most of his adult clients and he wouldn't change a thing, but WHAT IF I Hadn't had a knack for budgeting?? I wouldn't have known without asking, yet people be growing up all over the place pretending to themselves budgeting wisely isn't one of the MOST IMPORTANT Choices in allllllll of LIFE!! Wild.) Keep it up, White Boi Spencer, you're of great value❣

Glad this series is back @Spencer. I missed this

I love hearing about athletes and money! My favorite content Spencer!

I enjoy watching your videos Spencer. Makes me take a step back and realize it don't matter how rich you are if you have bad money management skills you won't last long.

Short Answer: Too much simping & lack of investments. Long & More Detail Answer: This video.

@simplyincorrigible7708

2 жыл бұрын

FACTS. NBA players are the biggest SIMPS & High Value targets for the IG thots.

That joke is what got me hooked on you man. Good one. Great content. Very entertaining

Congrats to you for actually making a channel. When I heard you talk about Ben's mortgage reminded me you don't really have to know how things work... What you do me to do is make the videos and you did that so enjoy

Crazy how much talent Ben got but is unwilling to get a jumper. I still got mans in my IR spot for fantasy doe 💀

When someone says he’s “Cash Flow Broke” that doesn’t mean he’s out of money. His expenses are just much more than what he brings in on a monthly basis. With adjustments he can be extremely comfortable. That’s all the reporter was saying. He didn’t say he was “broke”.

I've been dying for another video this one came in clutch for me.

HES BACK! Been missing these vids Spencer! Love from FSU!

If i got that much money i would buy a house for around $1 mill, 2 or 3 sports car then invest the rest of my money

Spencer has any athlete ever come to you for advice yet? I feel like you could help a lot out

I've known Luol since we were both kids in Croydon UK. He was a solid guy back then. Him and his family were lovely down to earth people. Good to see he's still got his head screwed on even after the success

missed these so much

You nailed it on this one Spencer! So many players could use a Spencer Bootcamp on building a Real Estate Portfolio

As a avid sixers fan, this made my day Spencer

love these types of videos and topics. thanks Spencer!

Spencer be roasting so casually and straight forward

It still always amazes me that this still happens. Why can’t they learn from the past mistakes of other players.

I just don’t understand why he has so many houses in such a tight vicinity 😂

@chance2413

2 жыл бұрын

Because he cares what people think

@Saixjacket

2 жыл бұрын

You want to look like a god in your own city, simple

I miss these videos about athletes Spencer. Would love more but I'm watching ur content either way

Typed in NBA and u popped up lol sweeeeeet I'm always waiting for your vids anyway lol

A 6’11” basketball player owning a Porsche is hilarious. That’s a one-man clown car act.

@micahjohnsonboxing6409

2 жыл бұрын

It's a 918 and it's probably custom.

In my fin lit class a few years ago, we watched a documentary athletes, including a lot of NBA players going broke in their career or just after it. It’s crazy how stupid these players are. Instead of focusing on future opportunities and profit, like you said, they just buy material items that will give them pleasure for a short amount of time. These athletes need to be taught real-life skills

Keep this series going!!

Honestly glad I watched till the end. Thanks

First time on your channel I admire the fact that you don't come across as judgemental or that you're shaming people for bad choices... You seem to genuinely care and want people to be as financially literate as possible...

i'm glad my parents taught me to be financially literate, and not to spend money i don't have to buy things i don't need to please people i don't like...

i love how Spencer breaks down everything

Related to this topic, I was watching a video by KZreadr 'F.D Signifier' titled 'The Commodification of Black Athletes' last week and your series 'why players go broke' popped in my head. Complementary resources in a way.

Ben Simmons has as much passion for basketball as the kids who hid in the back in dodgeball.

I'm happy to see you doing again, "why athletes go broke".

@JHockeyFan

2 жыл бұрын

Most MLB and NHL players don’t grow broke.

@donaldlyons17

2 жыл бұрын

@@JHockeyFan I don't know about the MLB players but I can say NHL players from Canada were for sure taught the basics of money management in school and even as an International Student in NS they show us how to do basic money management during orientation!!!!

@JHockeyFan

2 жыл бұрын

@@donaldlyons17 NHL players and MLB players make very little money until they become stars, which most don't. Almost all the North American MLB players, and basically every NHL player grows up upper middle to upper class, so they generally know to not give away their money.

im from philly but also live in las vegas and im huge sixers and eagles fan thanks for bring clarity too this because i was loss lol

Hey Spencer, Earned Income for Professional Athletes are taxed @ the rate of each individual city they play. Since they play about half the season @ home, only the home games would be taxed @ that rate. The away game varies depend on where they are. So for Gilbert Arenas roughly half of his income was subject to California taxes. But the rest varies depending the city and state he would've played in.

@SpencerCornelia

2 жыл бұрын

Some say that athletes in Cali ultimately see less than 50% of their salary so the entirety of their situation balances out to an easy 50%. Whether it's 50% or 53% is inconsequential imo

The positive ending was amazing

That luol ending was amazing!! Never knew he was into property like that. Love it

Always love your videos. It should be on the NBA player induction

It’s people like Ben that makes you wish you could switch lives and do it better lmao

@lombardo141

2 жыл бұрын

But the reason why you know what you know it’s because you and Ben lived different lives. If all your life you where told you are the man and are given millions to confirm that fact chances are you would end up like him. Being good with money believe it or not is not normal. 🤷‍♂️

@zenmar84

2 жыл бұрын

@@lombardo141 Yeah ben is a phenom at a young age and from what I remember he at worst is a middle class kid because his father use to play hoops in Australia,so his perspective maybe a little different to person who didn't grew up that way.

This video feeds into many stereotypes without addressing the opposite side of the story - Tim Duncan and Kevin Garnett were robbed by the same financial advisers, Micheal Vick was a victim of a ponzi scheme and many of these players come from extreme poverty. Gilbert Arenas was robbed by his financial adviser also - and he said it in the same interview you used a clip from.

It's crazy how much I've learned and I haven't even watched the whole video yet

Off Topic but would enjoy a video on the Vegas real estate market from you, looking to get my second house hack and considering Vegas. Essentially a breakdown of the different areas. Live in AZ and love it but I work remotely and can go anywhere. Love the content, keep it up man!

This happens to NFL players too. You get surrounded by people serious money and feel the need to spend like they do. On a different level, you see this in the military as well. Both types are young men that have never had a good paycheck & dont know how to build wealth. Its promising though that it feels like this younger generation is starting to prioritize saving & investing - very promising!

Damn bruh you a rookie at this.....Just find the brickhouses with a basketball court that has no three or free point line 🤦🏽‍♂️

This is a cool video concept! I had no idea that Simmons may be hurting for cash.

Love hearing what Deng is doing!

I think a lot of this comes down to these players being born poor, in housing projects or lower middle class areas (at least that's what they always tell you) and they see the local drug dealer or pimps riding around in Mercedes or Escalades and they see other players on TV and that becomes what they think they have to do to make it. They have to have all that stuff to let everyone know, they made it. The other issue is entourages. Most of them travel around with a posse of guys that do various things for them and get paid a lot of money. They themselves didn't grow up with any education about money so they don't know what to do with it once they get it but spend it. The entourage is just as bad if not worse. Using their friends name to get themselves things and then having the player pay for it. You see that too. Ego is also huge downfall of these guys. They can't get that ego in check and have to show off.

@longsma7319

2 жыл бұрын

Cap

@7Kibz

2 жыл бұрын

I'm pretty sure Ben simmons grew up with a good family

@longsma7319

2 жыл бұрын

@@7Kibz bro grew up in Australia this dude is reaching to the max

@MelaniaRose

2 жыл бұрын

I’m from Australia and Ben Simmons growing up would’ve been considered upper middle class due to his sporting connections from his dad.

@HudaEmc

2 жыл бұрын

@@longsma7319 What they’re talking about still applies to other players, so it’s not a lie.

Drake was not going to get Brittany Rennered.

Philly native here, great vid Spence

Very good! video, and everything you talk about this spending issues On those athletes can be also apply to us in our daily basis. “Invest first” then you’ll be able to spend.

Spencer please read The psychology of money and make a small review video. A lot of what you say is in the book and would definitely help spread the message of financial literacy and investing. love your content stay awesome.

Spencer.......these athletes need to hire you......It's sad to know they go broke so fast, they're not educated.

Sixers fan from philly here 👋🏾 ive been waiting on this one haha

Spencer I watch all your videos on my xbox so i can't comment i looked you up on my computer!! Please make a video about your favorite self help books or good books for personal growth thank you!

He’s not going broke, his contract is guaranteed, all he has to do is return to work or be traded. Also, as long as he avoids a career ending injury, a second max contract is certainly on the way. People forget how young he is.

@danlouie352

2 жыл бұрын

Yes his contract is guaranteed. But the fines he accumulate he is not getting back.

@xtrey19x

2 жыл бұрын

He can’t shoot in a shooters game. Obviously the NBA is loaded with cash, but I wouldn’t give a max to a guy who’s scared to shoot and don’t seem to have the intent improving that part of his game.you’re right though he’s likely to get another max contract.

@abovetherim8000

2 жыл бұрын

@@danlouie352 he can lose every dollar from this year and it still won’t matter. Go look up his contract

@nicholasfrancis2627

2 жыл бұрын

After the stunt hes pulling if you think he’ll get another max if philly cant move him; you got rocks in your head boy

@abovetherim8000

2 жыл бұрын

@@nicholasfrancis2627 lol you must not know anything about basketball man. The guy is a generational talent at the PG position. He’s getting a max

Another great video, Spence.

Listening to this while working and almost got fired laughing out loud at the sneaky jab about finding his home by locating the basketball hoop thats only received dunks and layups. Well played sir

I really.like your analyses of things, Spencer. You are a fair minded dude: not too harsh, not too soft.

Love the vid man great explanation

I don't wanna say its like throwing money away but it fits the description 😅

Just a thought in the mortgage Spencer. Banks when lending to high value clients will sometimes approve a mortgage for around the value of the home. Say he put down 10 and was only borrowing 7.5, the bank will still authorize the mortgage for 17.5 that way if he gets into trouble they make it easier for him to borrow against the equity.

Jeez your videos are insanely good

Preach Spencer, fantastic video

love your commentary on sports figures..

Finally a video about Ben. Forever grateful.

The shade was outstanding. Talking about the only court that only gets dunks and lay ups😂 menace

Super glad you included Luol.