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re: Former Vikings star Adrian Peterson ordered to turn over assets to pay massive debt

Posted on 9/10/24 at 3:35 pm to
Posted by OU Guy
Member since Feb 2022
23739 posts
Posted on 9/10/24 at 3:35 pm to
If just a few of his kids can make NFL he’ll be ok
Posted by Lawyered
The Sip
Member since Oct 2016
36789 posts
Posted on 9/10/24 at 3:37 pm to
Hope the pussy was worth it rawdogging all these money hungry hoes who see you as a get rich scheme
This post was edited on 9/10/24 at 3:38 pm
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
464512 posts
Posted on 9/10/24 at 3:39 pm to
quote:

Back in the day, it was almost all shysters.


Tank Black, TYFYS
Posted by lepdagod
Baton Rouge
Member since Jan 2015
5356 posts
Posted on 9/10/24 at 3:45 pm to
quote:

failed businesses are responsible for a TON of their losses.


#1 reason anybody with money goes broke... people get it into their heads that they must own a business... just let the money build interest and live comfortably within your means for the rest of your life
Posted by Ryan3232
Valet driver for TD staff
Member since Dec 2008
27289 posts
Posted on 9/10/24 at 3:50 pm to
quote:

earned more than $100 million in his NFL career from 2007 to 2021.
quote:

After taxes, agent, and management fees, he probably legit only saw about $35-40M of that.
Poor guy... Couldn't imagine having to live off $40million for 20 years.

I have no sympathy for people that are multimillionaires that have nothing to show for it when they retire.
Posted by Ed Osteen
Member since Oct 2007
58771 posts
Posted on 9/10/24 at 4:01 pm to
quote:

Peterson has fathered eight children with six different women


Condoms cost like a dollar
Posted by OU Guy
Member since Feb 2022
23739 posts
Posted on 9/10/24 at 4:06 pm to
If he moves to Cali and takes a $25/hour job at McDonalds he can pay it off in:

$12,000,000/$25 = 480,000 hours

480,000/8 hour shifts = 60,000 days

60,000/365 per year = 164 years

So if he works at McD’s every day for 164 years straight and pays no taxes he can pay this sucker off
Posted by tiggah1981
Winterfell
Member since Aug 2007
18020 posts
Posted on 9/10/24 at 4:35 pm to
most are too stupid to be rich
Posted by Bass Tiger
Member since Oct 2014
53542 posts
Posted on 9/10/24 at 4:40 pm to
quote:

Travis Kelce spent his whole first year salary on shoes and bottle service. These guys make bad decisions.


He's rolling in the greenbacks now. Kelce is likely going to be worth several hundred million in the next few years.
Posted by burke985
UGANDA
Member since Aug 2011
28114 posts
Posted on 9/10/24 at 4:45 pm to
Not the brightest bulb in the pack
Posted by chalmetteowl
Chalmette
Member since Jan 2008
53465 posts
Posted on 9/10/24 at 4:56 pm to
quote:

Kelce is likely going to be worth several hundred million in the next few years.


you do know who's he dealing with...
Posted by Ostrich
Alexandria, VA
Member since Nov 2011
10107 posts
Posted on 9/10/24 at 5:07 pm to
quote:

Luc Mbah a Moute is a good example. Made about $30M and has been very active investing.


What does this mean though? Investing in shitty restaurant chains? With $30 million you can put it in a mutual fund and your grandkids will be set for life if you are smart about it.
This post was edited on 9/10/24 at 5:09 pm
Posted by gumbo2176
Member since May 2018
19225 posts
Posted on 9/10/24 at 5:12 pm to
Same for boxers who make it big. Look at Evander Holyfield who's career earnings top $230 million over his 26 yr. career. He fathered 11 kids by 6 different women, bought a 44K+ sq. ft. palace in Atlanta on 200+ acres, had multiple cars, expensive jewelry and a lifestyle he could in no way sustain with the amount of money he had to pay every month.


These guys live like there is no tomorrow and their careers will last forever with big purses falling in their laps.


The list of boxers who made HUGE money in their careers who go broke long before they die is staggering.
Posted by Big Scrub TX
Member since Dec 2013
38248 posts
Posted on 9/10/24 at 5:29 pm to
quote:


I brought her up because she’s the dumbest nationally known figure I could think of.
How dumb must one be to think Harris is the dumbest nationally known figure.

Off the top of my head:

Joy Behar
AOC
Posted by Big Scrub TX
Member since Dec 2013
38248 posts
Posted on 9/10/24 at 5:34 pm to
quote:


What does this mean though?
With Luc, I know he bought a lot of land around Yaounde (Cameroon's capital) in areas of strategic growth. I think he absolutely killed it.

But many athletes are being put into super "boring", cash flowing RE - strip malls, NNN leases, apartments, etc. They are also putting it into stocks and bonds.

My point is, the days of just spending it all on jewelry in year 1 are gone. That's a trope that just isn't accurate anymore.
Posted by KiwiHead
Auckland, NZ
Member since Jul 2014
35471 posts
Posted on 9/10/24 at 5:47 pm to
Dude gonna make you cut a limb from a bush and the he'll tan your hide with it!
Posted by Honest Tune
Louisiana
Member since Dec 2011
19284 posts
Posted on 9/10/24 at 5:49 pm to
quote:

How dumb must one be to think Harris is the dumbest nationally known figure. Off the top of my head: Joy Behar AOC


I’m not dumb enough to vote for her, so there’s that. Are you?
Posted by Jim Rockford
Member since May 2011
104119 posts
Posted on 9/10/24 at 6:11 pm to
quote:

I will never understand how these super rich athletes squander it all.


Bad financial advice, lots of hangers on they're paying for, buying stupid shite. The league does a better job now of educating them, but at the end of the day if you're going to piss away your money nobody can stop you.
Posted by SouthernInsanity
Shadows of Death Valley
Member since Nov 2012
24871 posts
Posted on 9/10/24 at 6:12 pm to
quote:

It’s crazy to think someone could make $100 Million and be over $10 Million in debt to where he’s about to have all sorts of stuff taken from him.


The majority of professional athletes are stupid and believe their money will never run out, because they feel they are more valuable than they are.

Average American can probably live just fine off $100k a year and be fine with everything in life.
Posted by Big Scrub TX
Member since Dec 2013
38248 posts
Posted on 9/10/24 at 6:14 pm to
quote:

I’m not dumb enough to vote for her, so there’s that. Are you?
I don't believe you.
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