Adrian Peterson is in SERIOUS debt | Kanell & Bell

[@highcrimes9153]

Got my own finances to be concerned about.

[@dannylopez455]

Did you you figure that out before you clicked or after the video 😂😂😂 ?

[@liukang3479]

Word, why these idiot's turn their finances to others

[@eddiethomasville3124]

Then why watch idiot. Clown Shoes. Yeah I said it.

[@jonathanruiz1543]

I rather be mildly broke than be a millionaire and lose it all I will never be able to sleep knowing I once had 120million

[@richbonesbone2659]

I rather be wealthy n keep all my riches n wealth.

[@msshann187]

U not a hustler that’s why

[@edugen100]

I say invest %10 percent of your earnings. Save 45% of your check spend 5% representation fees 20% responsibilities 20%

[@lawreneph]

Good talk

[@xtremproductions3]

emmanuel dukes most Americans cannot afford to save 45%

[@edugen100]

HealthyLiving of course not but if you getting six figure checks u can. I say the 9 to fivers should strive for 10 to 20 percent and invest five

[@pettywap1183]

yeah easy to say when you dont have millions like he does

[@anilgill6846]

If I were a sports agent I would ONLY take on clients that adhered to my formula: Living stipend= 10% of salary after fees and taxes 90% of remaining funds deployed in a mix of a low priced balanced Index fund and hard assets with residual income streams. Endorsements- 50% held in trust for more speculative investments and 50% is your play money. The firm would be very small to start but would see exponential growth after a cycle or two of broke athletes.

[@profx9719]

Great idea

[@johnjackson36012]

that's silly. that's not an agent's job, that's what a financial adviser does. agent is there to negotiate deals with teams and endorsements and get you paid in the first place.

[@Matt-cr4vv]

The broke doc explained it best that a lot of those players are pulled to the investment that sells the huge return and have zero interest in the vanilla index fund path. Or their family and friends who want them to seed their business idea and so on. And considering the long standing pattern of some absurd percentage of players who decade bankruptcy within a short period after they’re done playing it’s almost naive to think that after they see some other people go broke like the league has seen for decades that they’ll suddenly be ready to pass on all the luxuries they dreamed of and be locked in and dumping their money into index funds and living on tbeir 10% so that someday they’ll have money saved up when so many players sell themselves that the money never ends. It’s almost the most optimistic outlook that could exist to see practices like this ever become the player norm. Also pretty rare to see a financial guy that has all the clients like we see in the in the leagues because after all this stuff isn’t what a sports agent does.

[@PInk77W1]

8:15 “They were targeting lower income people.” Not true. Govt. Congress was telling the banks If u don’t lend to these lower income people You are racists and we will get u.

[@jo0123]

You can’t blame it all on league or players association, there is only so much somebody could advice somebody on their money.

[@butterknife25]

Adrian Peterson will be trying to play when he's 40

[@TheSportsCourier]

This is sad. Also, great to see Raja Bell still doing his thing.

[@fullmetal1766]

the picture of Raja clobbering Kobe in the background lmao

[@DCstreetVibes]

😂😂😂😂😂😂

[@shawngamble1025]

Damn i can't believe AP was reckless with his money like that!

[@jabreewilson8961]

Shiiit dude was reckless laying his seed so what u expect

[@shawngamble1025]

@@jabreewilson8961 i guess you right!

[@soklyvann3030]

He's a good football player but it doesn't mean that he's smart. Especially when you've never had money.

[@anaihilator]

@@jabreewilson8961 Exactly If you can't restrain yourself in the most basic way, it's a wrap for everything else

[@nestlund]

If only Peterson put 1 million into S&P his rookie season. The money would double every 7 years. 5 doubles to age 65 would be 32 million.

[@scottandigan6276]

Nathan Estlund what’s S&P?

[@scottandigan6276]

Teddy Ruxpin be original kid. Try again.

[@johnjackson36012]

@@scottandigan6276 S&P 500, he just means the stock market. S&P500 is just buying into the 500 biggest US companies at the same time.

[@jawant6039]

Yeah dude should have put some aside and bought a nice Audi or BMW,, something under $100K. There's no reason to splurge

[@rajunaidu7751]

I never got why Pro athletes never just put $1million into the S&P500 and live of the 6-8% dividends for life lol

[@mrmackey8956]

Too busy buying cars, drugs, jewelry and women

[@salvadorvidrio6031]

Who is paying 6-8% dividends? NOBODY!

[@est94]

Most athletes hand a lot of there money to money managers to handle money and a lot of them don’t do what they are supposed to do

[@Christopher._M]

@@salvadorvidrio6031 I'm not sure where he got that from

[@piplyf]

Because MOST people are ONLY conditioned to work for money and not have it work for them. That's why they don't mind paying these athletes and entertainers these astronomical salaries. They know that when its all said and done. They will have given it all back in one way or another.

[@laudanum669]

Just give me the check I will go to the bank and put in my account. May not make a ton of interest. But I know it's there and I control it. Most of these Super Star players have had someone doing almost everything for them since High School.

[@masonwilson7910]

Facts

[@mperformance3502]

The problem is these players start thinking they’re smarter than they are and try to invest and be business men. Most should just stick to football and hold on to your earnings. Not everyone is cut out for that.

[@timantoine3839]

This the first time I heard Raja talk and thought he was from another country 😂

[@MrOfficer235]

Have him call Dave Ramsey.

[@andyfam5613]

He needs to call Mayweather for a fight

[@Bigfoot985]

Dave Ramsey gives basic advise

[@wintertarzanjagrup2527]

Dave will tell him to go deliver pizzas for a extra 1500-2500 per month

[@nestlund]

Adrian has too many kids out of wedlock. That means big big money. Too bad Adrian just didn’t invest a few million into IRAs his rookie season. He’d be worth billions by 65.

[@Christopher._M]

They were smarter. The college degree just shows people you have extra knowledge and are willing to put some work

[@quentinstore1464]

Boo hoo! Give me 10% of that and it would last my whole life!

[@masonwilson7910]

Fucking facts man

[@cornholio777]

You don't have a life that is why it will last 🤠you are 10% of Adrian Peterson

[@quentinstore1464]

Cornholio777 thank goodness! I wouldn’t want to be a deadbeat dad who beats his kids! What a looser. Just cause you can run and hold a ball doesn’t make you a good person.... putz

[@cornholio777]

@@quentinstore1464 abusing other people financially or physically is the same.. Karma

[@quentinstore1464]

Cornholio777 your as smart as he is ....lol enjoy your life genius 👋🏼

[@dojo4437]

The worst part about this is the fact that he is the Highest earning running back in NFL history, going broke and all the while the league has slowly devalued the position. Sad day to be a running back.

[@lawreneph]

Truth be told.

[@docrobinsonjr]

A lot of these athletes trust the wrong people to handle their $, on top of their on bad choices and poor education on the financial schemes that'll constantly come their way.

[@TrickNPlay]

I knew his lifestyle was unsustainable when I saw his massive shoe and clothes collection

[@andrewvillanueva4222]

Unbelievable how can adrian Peterson loss millions. I thought he had it together.

[@Quarterbackyjones]

Read the article. He trusted the wrong financial managers

[@crixus8907]

And he was out here raw dogging chicks. You can't do that.

[@geauxbosshawggo8694]

I should be a prerequisite for all students in college should have to take some finance classes their freshman year. You have financial predators everywhere.

[@nestlund]

DAVE RAMSEY’S FPU is being taught in some high schools now.

[@piplyf]

It will never happen. You know why? Because the plan is to keep the masses broke and enslaved. The whole business model is set up for people to be consumers. Racking up massive amounts of debt, and then slaving to attempt to pay it off. An enormous feat. Which is facilitated by the notion that you must go to college to be successful. Accruing massive amounts of debt that ultimately enslaves you. If people had financial literacy they would avoid these traps all together. They cant have that.

[@WISHBONEL7]

He allowed the nfl to tell him how to discipline his children , and he still finds himself in this awkward position .

[@michaelfreedom3823]

My Boy Blew the Bag 🙈🙈🙈💼

[@DonNoDraper]

This shit makes me sick get out tht man business and pockets he is an athlete tht doesn't entitle fans to his personal info. Smfh

[@starsine9062]

Oh please, you don’t need to have grown up with vast sums of money to be financially literate. In fact, it could be said the less money you have the greater financial awareness you need. Statistically, Black Americans in every socioeconomic demographic spend a larger proportion of their earning on luxury items, but many mitigate that expense with other wealth creating financial instruments. So there must be an in built self selection factor when it comes to Professional athletes and them receiving and spending fantasy amounts of fast money 👨🏾‍💻🤦🏾‍♂️

[@egobaby4246]

He better keep running them baby momma checks his old thots

[@egobaby4246]

There are predatory sharks in the ocean but ive never been bit by one on land.

[@larryhollins459]

Why is it that the law is not going after these lying agency's as specially some of these player are taught that they need a financial adviser.

[@mossnation7245]

Larry Hollins exactly. The only thing that can be done is to sue them that’s it.

[@reeddank479]

He's had 5 YEARS to try and sort this out and now this is where we're at today... It's somehow gotten worse. He has to learn that the people are around him must be trying to screw him over or it's all personal headspace stuff. Feel terribly for him but the indications were all over the place. This video from 5 years ago is indicative of the behavior.

[@ebonylady]

This is what happens when someone picks playing in the NFL over academics. He could've avoided this entire mess by working towards a degree in finance or accounting, which would've eliminated a ton of middle men.

[@bigbro9220]

People are stupid You make all this money and you can’t pay your residual bills You should be able to manage you’re money regardless if you 100 dollars or 100 million. His kids kids should of been fine.

[@Venuslovefactor]

Damn, what a bummer, no matter how you look at it. Tough being really rich for some people.

[@jawant6039]

Yeah taxes will get you.

[@jamesmoore7350]

I guess this is what you call living your best life?

[@lamarthart8626]

Spoke truth!!

[@nddavi58]

it lowkey took me almost the entire video to realize thats raja bell LOL

[@kimalonzo4912]

NFL players only get paid when they work and that's half of the year. SMH These players get taken advantage of so much.

[@tye9713]

If u make 350k every pay chechk, the only kind of people making that much money a annual year is a lawyer with his own law firm. Its all about not watching people n pace yourself

[@loredomattoni1496]

Interest taxes wives girlfriends posse friends drug addiction...all to take them downhill

[@jawant6039]

Taxes + kids are the biggest drains on pro athletes.

[@hospicenursingab]

Chase bank and the credit union never stole any of money 🤷

[@marclaporte3710]

I know he has 8 kids with 6 different woman, which is never a sound investment, but why would he decide to go broke after earning 100m ? It's such a weird choice.

[@edugen100]

I think he just doesn’t want to pay them. He has money. It’s a trick really wealthy ppl use to finess

[@honestlyspeaking905]

I never understood why athletes have to pay other people to watch over their money? Dont get me wrong in some cases people need sombody to help them be smart with their money but for the most part i would think i could keep up with my own money and spending habits. Theres to many stories about people fucking over athletes bc they put to much trust in these people i dont know if thats being to lazy to take care of their own business or what. I tell my kids all the time that if they want to earn money and keep it go to school and learn how to so they wont have to depend on others to do it for em. Yes its gonna be hard dealing with all that math and learning to crunch all those numbers but its go be harder on them if they work hard all they life to make all that money just to be swindled out of it by sombody they thought had they best interest at heart.

[@jimfarkas1584]

cant take your money at the end

[@deneshbhaskar3944]

That's why Peterson still playing for Seahawks and not chilling on that cash

[@hoodeye]

Kevin Garnett to,sad but still will have more than average

[@BowBeforeMe]

Who gets 5mil loan when you made so much, gtfoh man only you have your best interest in your money

[@TheCoffeeNut711]

Don't blow it. Keep it simple. Count your money.

[@stevehaynes9498]

Very sad as black athletes we must get a Financial education and live a very discreet life...

[@bu1491]

There's a business opportunity in this....

[@PInk77W1]

Never borrow money. Me ? I make $54k I have no debt I paid cash for my home I have never some drugs I have no credit cards I have no car. Eat at home Live below your means Save save save

[@MrNilep23]

This won’t stop him from playing football

[@tye9713]

He should of called SaL

[@PInk77W1]

Never borrow money Me ? I make $54k I have no debt I paid cash for my home I have no credit cards I have no car. Live below your means Eat at home.

[@ebonylady]

Everyone should have an emergency credit card because paying with cash isn't an option in every location.

[@soklyvann3030]

Tax implications!? What's that? 😂😂

[@zachsimon9475]

Keep it simpl Don’t blow it Count yo money 💰

[@cornholio777]

There is something called bankruptcy! Give Trump a call

[@damienknox2004]

Damn shame as much success as he has had shit is pisses me off he broke

[@jawant6039]

Seems to happen most often to the highest paid of the NFL players.

[@damienknox2004]

@@jawant6039 I see

[@cusezone315]

he playing for free this year lol run boy lol

[@one4allall4one91]

Work for food epidemic

[@Tykwando51]

If you have 3 to 4 baby mamas Uncle Sam will take you to the cleaners.

[@v60polestar88]

When simping goes wrong!!!

[@tye9713]

Had to be on drugs

[@jetsteeltherealdeal7827]

Vince young 2.0

[@anthonylockridge5668]

Right

[@makpunchout3315]

STOP IT. AD will be OK. Because he's AD. Why don't you talk about the Millions of Americans who don't have enough Money for Food? 🤔

[@raylars752]

Your an idiot

[@IvanDaniel28]

says the guy who doesn't know the difference between "your" and "you're." By the way, its you're, as in "you are an idiot... b/c you really are an idiot."

[@guitarrhero20]

Cuz its a sports show...

[@wolfetwitzer5152]

Karma is a beautiful thing.

[@evocatimedia]

FOOLS; Even IF one had 8 kids at 500K a year each.... that’s 4 million per year. If you made 100 MILLION that can not be the thing that bankrupts you. It will amount to a lot of money over the years, but only if you do really STUPID things or don’t EDUCATE yourself on MONEY... I bet he didn’t buy any franchises, commercial real estate or blue chip stock.