Billionaire’s Advice To Millionaire Athletes: Don’t Invest In Rap, Restaurant & Liquor Companies

[@leetraviusmckay314]

"one broken ankle and it's over" 💯

[@gilbertnicholas1582]

Getting a 7-12% return in the S&P 500 isn't going to make sense to most 20yr olds because it isn't glamorous

[@ocampbell1954]

@@gilbertnicholas1582 everyone wants to get rich quick.

[@2011hwalker]

Its glamorous when you make a ton of money 5-10 years later.

[@BRIANDER100]

Its glamorous when your not broke

[@11bornrich]

If you're making NBA type money, you'll be offered far better options from private funds that achieve much better returns than 7-12% annually.

[@gilbertnicholas1582]

@@11bornrich that's called a ponzi scheme

[@CJM23]

Shannon Sharpe sitting their ready to shout out his liqour company and clothing brand lmao. At least Shannon owns his and isnt investing in a "friends company"

[@Vramirez6582]

Shannon Sharpes' name holds some weight, but unless Drake mentions it, it'll stay behind 50s Branson. He needs Drake to help him like he did Champion.

[@BeauJacq]

@@Vramirez6582u need help

[@ldking5132]

No he doesn't. Shannon's drink is constamtly sold out lol​@@Vramirez6582

[@crooklyn58]

@@Vramirez6582what lol

[@Vramirez6582]

@@crooklyn58 Exactly what I said. No one is asking for Shannon's drink anywhere. Facts!

[@3209BLACK]

Save Save Save..Don’t hire your friends

[@worldwidereek]

Lebron put on all his friends

[@2cleeng]

Very rare but true statement.

[@tomstorm7926]

@@worldwidereekthose guys weren’t really his friends. He just knew them and knew they had drive. The friend term is used pretty loosely there

[@urekmazino6800]

Or family

[@worldwidereek]

@@tomstorm7926 regardless if they were friends or acquaintances that he invested in, Rich Paul n most his guys had no experience prior. Lebron core team home grown, grass roots developed.

[@King_osei]

⁠You can hire your friends if they are willing to do the work. LeBron hired his friends eventually. Rich Paul wasn’t his agent the day he got drafted. He had a regular agent. Lebron told his first agent, if he signs with him, he has hire Rich Paul as an intern and teach him the business. Rich Paul did the work, then when he was ready, Lebron fired his agent and started Klutch sports with Rich, than he became his agent. Lebron did the same thing with Mav Carter.

[@elliottharris9015]

LeBron made a strategic move there.

[@Dealswholesaler]

Mark Cuban was a computer technology guy who started a company and sold it for a lot of fkin money. He became rich by creating a company that had value he invested in himself first something he was good at ,softwares,technology

[@themondoshow]

hahah

[@soggybottomboys4302]

Billionaire Wearing a T-Shirt and Interviewer Wearing Designer ! Advice !

[@sheffglg7628]

The one wearing designer has a youtube channel mark has a yacht

[@gilbertnicholas1582]

The interviewer is a multi millionaire he can afford to spend a few hundred on a shirt

[@NikkiAudi]

What's the cost of the t-shirt tho? Some of those plain shirts are 2,3k

[@gilbertnicholas1582]

​@NikkiAudi I was just going to change my comment and write this... People think billionaires shop at Target for some reason

[@-BRICKZ]

That Can be a $500 tee. Mark zuckerberg Brunello Cucinelli are $400 a shirt. Look at you. Zesty weirdo

[@annjacobs7764]

I can see how much work you put in!

[@ocampbell1954]

How are people still so financially illiterate in 2024? Understand compound interest, learn how to read a stock balance sheet and how to invest in stocks, and buy land,etc. More importantly handle your own money and write your own checks. I'm no athlete, but i've made money investing (over a million) and i've made some mistakes along the way. You don't have to own no business to be rich.

[@Ap_twsh]

true, investing doesnt mean running your own business could be to invest in someone else's business.

[@ScooNitro]

People can barely read and write.

[@jonhay75]

Exactly..at a minimum buy index funds....

[@valthor1972]

The top KZbin videos are about crypto, Amazon automation and other get rich quick stuff. It takes too long to learn about personal finances when the KZbin guru says that you can buy a new Lamborghini when you are 19 by buying a crypto coin or NFT.

[@Winterstick549]

Investing, real-estate, etc, should be required learning to all highschool seniors

[@Dad-in-WA]

Mark should speak with new rookies and talk to them about finances. I know NFL does it, I wonder if other major sports leagues talk to rookies about finances? so important in life. if all the rookies saved/invested majority of their playing days money, they could be set for life but they would have to live like normal human beings during their career.

[@PH-xz4yz]

From what I understand the NBA does it too

[@jeffjdmv]

Let’s Get Busy (LGB) records 😂

[@rodneyr2537]

Investing in music and clothing is not always the best idea for athletes I agree, that’s not their lane, but the fried chicken line at 4:07 was wild lol muthafucka lol

[@jamesrichardson195]

🤣🤣🤣🤣

[@PhilomenaMerritt-e5e]

This is so cool! I’m hooked for real!

[@Nico61567]

Hooked on what exactly?

[@nahnotatall4291]

Europe don’t take basketball seriously none of the governments fund it at grassroots even though it’s the second most popular sport in the inner cities around the continent. Kids mainly play football (soccer) and basketball but there’s not many teams around or leagues

[@patriciapatriciagray-thorp9574]

Thanks and hats off Shannon for asking this question....you know....young players and their families think they are RICH....forever....no😮😮😮

[@B-Easy78]

They both have money. Shannon is a former NFL legend. Never mind his KZbin channel and ESPN positions. Clothes are the least of the budget concern. Just because you don’t see a label doesn’t mean it’s not a “label” or it’s cheap. Also, it doesn’t mean the billionaire’s money is not f’d off on other things such as gambling. Not everybody blows money on JUST designer labels.

[@madtownangler]

Clothes that rich people wear don't have labels from the companies that make them on NFL players aren't the rich people

[@J_E_Di206]

“There’s fried chicken everywhere, you know, what ever the players just love to eat” 👀 😂 geez

[@inqwhyringmindz]

Priceless 😂

[@ZombiemanOhhellnaw]

Snuck that one in 😂

[@TruthTellerTV]

he's on the plane with them, he knows what they're eating.

[@joshuadejesus3520]

I was cracking up 😂

[@1Eashawty]

Everyone likes fried chicken

[@Mash-e1w]

Just loving this podcast now. Thanks to Katt Williams introducing shay shay to the world. From South Africa.

[@PremierAutoMan86]

I'm learning, investing in boring, unsexy industries is where the wealth is.

[@elliottharris9015]

Exactly. Construction, farming, pharmaceuticals, grocery stores, cyber security services, oil and gas just to name a few are the best, and are not going anywhere.

[@pauljackson1744]

Great interview!

[@javimercado-pf5tz]

Rappers: Don’t sign to large record companies and protect your masters. Look up 360 deals. They are predatory. The lube doesn’t just buy itself.

[@lexkanyima2195]

And shows integrity

[@jh61]

Great interview.

[@nicholasm.browner6651]

They will hear this & say Mark doesn’t know what he’s talking about.. but my idea is better.. What does he know?!? 🤷🏽‍♂️ Years Later: I should’ve listened to Mark Cuban

[@hypergreedgaming9590]

Right? Nevermind the fact that this man saw the future and put in the work to get to where he's at

[@jpara617]

Mark Cuban was all about Trump in 2015-2017 and gave him props for the economy.

[@SonnyK248]

Euro teams have real development systems. The pro teams have multiple youth team levels. So you can sign for Real Madrid at 13 like Luka did and play for their under 14 team or under 16s or under 18s. And if you’re really good you can start practicing with the first team at a young age and if they think you’re ready then it don’t matter how old you are they’ll put you on the first team. It’s a far better system than playing high school ball, then leaving that team to join a college team, then leaving that team and finally becoming a pro. Luka joined Madrid at 13 and stayed there until he was 19. Played pro ball for 4 seasons coming into the NBA. Probably was practicing with the pro team for at least 5 seasons while all his US comp was playing highschool kids or spending one year in college.

[@bigprocrastinator]

CSS quickly becoming one of my favorite channels

[@arthur.obwolo7552]

Barriers to entry is the key takeaway from this chat. Warren Buffet looks out for this when investing his money too.

[@Winterstick549]

He's a big fan of low cost SP500 Index funds, especially VOO. VOO is up 35% over the past 365 days.

[@a.m.m.4592]

S&P 500 CD's Treasuries Most importantly, check your ego. You have notbing to prove to anyone.

[@bumpupsapp]

Hey Everyone 🤠 Find the parts that interest you: 0:00 - Mark Cuban's advice for NBA players 1:01 - Importance of hiring a financial expert 2:50 - Dirk Nowitzki's impact on the Mavericks 4:22 - Shift to European players dominating NBA 6:45 - Dennis Schröder on European basketball IQ 8:11 - Importance of basketball IQ in the NBA Recap by Bumpups ✏️

[@stevenotero2627]

Take it easy on purchasing jewelry 😎🎭✌️

[@tkonzl6059]

These players need to know that they have to "pay their future selves first" and how to do that. And, the sooner they do it the better. Once they see and understand the calculations, they'll be hooked on saving and investing.

[@Rogers_Ranger]

Cuban is the man , dude knows people

[@ICONMONEY]

Joel and Giannis are from Africa. Nigeria and Cameroon.

[@petez4608]

Compounding baby.

[@JRBROOKS42]

ISN'T HE WEARING MICKEL JORDAN SHOES ??!! 🤣🤣🤣🤪🤪🤪💶💶💶💰💰💰💰😎😎😡😡🤡🤡

[@chrisjohnson8228]

Facts facts

[@TSman1024]

Let’s Get Busy… LGB 😂😂

[@mdogzino]

one letter short of lgbt

[@leonardschofield9913]

Lettuce greens, bacon, and tomato

[@Boostedangel]

🙌🏾⚡️top ten here

[@rogerw3818]

The best way to compare US players to the world would be to follow Michael Wilbon's suggestion to make the All Star game a USA v The World game. There are enough foreign players in the league to easily make that happen.

[@pgppe9488]

I wish the NCAA would invite the Dallas Owner to come and speak to young people who are benefiting from NIL deals so they stop wasting their money they get on fancy cars and a large platinum Number around their neck instead of preparing for their future.

[@almonjoseph4382]

Depends on your friends because look Lebron got his friends to go to college and learn he business and now they have one the biggest sports agency there is billion dollar sneaker deal over 450 million in nba contracts and is a billionaire all with his own team that was a group of friends ‼️

[@ethanking4954]

Key point he made them go to school before he hired them.

[@genestevenson-l7v]

Because LeBron wanted them to succeed. He could have done the same for any number of people.

[@reivelt3715]

I deposited my money to bank, and get like 3% anually. Small? Yes. But it's constant. And i double the amount of my deposit yearly. Then, if i need the money, I'll just withdraw. I lose the interest but my money is intact

[@agreen182]

He’s wearing air jordans while saying athletes can’t do clothing 🤣

[@basmets]

Mark is super smart but him talking abt the European players and their habits is .. 😂😂😂

[@whitegoodman7465]

McGregor investing in all those 3...lol

[@BobRyansaul]

Don't hire friends... LeBron "hold my beer"

[@israelgersam8774]

1st comment from Ethiopia🇪🇹

[@bandom3686]

Nless ent, Zach Randolph label

[@MarciaVandergriff]

1:20 😂 Lebon turn out okay

[@africandude7583]

Yea he is the outlier. There’s a reason most go broke 3 yrs after retirement. It all starts with 7 baby mama, 7 houses 10 cars and child support

[@adonis8289]

His friends don't handle his money.

[@robbieharris7661]

There's always an exception to the rule

[@lina60626]

That's an anomaly.

[@PwNn00bzFTW]

LeGoat is not the regular story ..PLUS if you play for 20+ years making $50+mill/year....you can make a few bad investments and be just fine

[@gemillopez5797]

Yes you see skill the Carrying and traveling. This as many of the older players see but do not mention today about todays N.B.A. Even with it being shown in slow motion on video carrying and traveling by content creators. Until K.G. get fired up then the actual player who played tell them they are soft and can not actually play. Allegedly

[@lazzi2462]

Interesting to hear his thoughts on this. I remember when Floyd Mayweather had his own label called Philthy Rich Records, I don't think they ever went anywhere or sign any big-name rappers. I would think restaurants would be okay though. Former Milwaukee Buck, Junior Bridgeman made tons of money owning a bunch of Wendy's.

[@CaerEsthar]

Restaurants are some of the riskiest businesses you can ever invest in. Almost all of them fail. Even Michelin starred restaurants close after a handful of years.

[@lazzi2462]

@@CaerEsthar Yeah now that I think about, I do see a lot of normal people opening their own restaurants & then closing them not many years later. But I feel like if it's a franchise, it might not be too bad. Like how I mentioned, Junior Bridgeman. I think he's almost a billionaire & made more money opening several Wendy's locations than he did playing in the NBA.

[@lilcat5766]

Wendy’s is an established franchise . I think he may have been speaking about, investing in a friends restaurant. They friend have the vision but not the funds

[@genestevenson-l7v]

Wendy's are franchises. A lot of corporate support.

[@johnnycash8567]

Restaurant business is one of the toughest industries to break through in. All of the overhead costs. Plus a great restaurant is here today and gone tomorrow. If can be a great spot for 2-3 years then run into trouble

[@awaisashai4374]

There is value beyond the ROI % of investing in your own community

[@madtownangler]

Even if you just put most of your money in the bank and concentrated on the career imagine how much money you'd have after even five years

[@lexkanyima2195]

More then 10.000 $ at that time

[@CedRockStarr]

Y’all skipped the part about physicality being legislated OUT of the NBA and the NBA PURPOSELY modeling the game and the rules after euro-styled play so that international players could integrate and the NBA could infiltrate other markets monetarily. But okay

[@RunForPeace-hk1cu]

Invest in what you know .... not what you don't know.

[@JRBROOKS42]

NOBODY HEARD OF MICKEL JORDAN CLOTHING ??????!!! WHAT ????!!!🤣🤣🤣🤪🤪🤪💶💶💶💶💶💰💰💰💰😎😎😎😎😡😡

[@saiyiddy2633]

Carl Crawford had Meg the Stallion on his label at first and Zach Randolph first artist on his label was Moneybag YO. I am sure there are other successful stories but bottom-line athlete or not save ya money.

[@tyrellcobb4665]

Yeah. And where is their label today?

[@ShannonColon-c4f]

Shannon Sharpe need to take them high Waters walk off and he knows what I mean 😂😂😂😂

[@MrEazyE357]

Those are straight up capri pants.

[@garygillespie291]

i love u kitzingen

[@garygillespie291]

dont know- come to club shay shay? we get down sometimes we party until sunset we get a gallon of milk and some pax of mothers cookies

[@sdot7117]

Restaurants are one of the least profitable businesses out there that require the most attention. They are for those who want to be self employed, not true business owners.

[@robinjohnson4613]

If you really know how to run restaurants this is way off…..problem is most do not.

[@sdot7117]

@@robinjohnson4613 That’s mostly because of how restaurants are structured economically. 9 out of 10 restaurants are small businesses. “The range for restaurant profit margins typically spans anywhere from 0 - 15 percent, but the average restaurant profit margin usually falls between 3 - 5 percent.” Hence why they are good if you want to be self employed, but it’s difficult to scale to a mid-market or enterprise sized business because the margins aren’t usually there to invest in new locations. This is why the franchise model is the go to framework for restaurant scaling.

[@johnnycash8567]

@@robinjohnson4613doesn’t mean it’s not one of the toughest Industries to be successful in

[@deehollywood6013]

Mark low key racist with the fried chicken remark 😂😂 Kidding of course

[@JosephFusco]

But he invested in a tequila company with Vinny Chase and Turtle!

[@RicardoGarcia-li7bw]

Meanwhile Shannon has one lmao

[@garygillespie291]

so shannon> i wanted to show dirk cartoons from 1900 like the yellow kid- i wanted to show him the krazy kat cartoon what has references to artificial insemination and poison like what hitler and racetrax use- krazy kat has a mouse character named ignatz from 1920- so dirk- at least- u could see the americans were watching- show u a 1924 movie> "the thief of baghdad" w douglas fairbanks- more references to AI from hollywood

[@Basta11]

Normal people make smaller amounts of money when they are young and make more when they are older. They get to make stupid rookie mistakes with small amounts of money, but hopefully wisen up later. Athletes, actors, musicians, etc, most of them make most of their money when they are young. The mistakes they make are large by proportion. By the time they get wiser, they are no longer in their prime earning years. What they have to offer actually goes down with age, sometimes worse off than a regular person.

[@catherinesanchez1185]

This is a really good point. And most of them get then advantage of by the adults around them, especially family !

[@lexkanyima2195]

​@@catherinesanchez1185 and it is risky who can you trust.

[@Mienhboi]

Man if atheletes put 1/8 of their salary in QQQ... in 5 years their money would likely grow over 50%

[@cyrusgill1594]

Dirk!!!!!

[@elliottharris9015]

What's wrong with investing in the liquor business?

[@Rizzler9017]

What about Maverick Carter and Rich Paul???

[@leetraviusmckay314]

"Europeans are coming for sure" 🏀

[@WatchTheClipsFilm-Tv]

In other words: You people continue to spend loads of money on our products to keep us rich

[@marquesekj]

The irony here is that the one billionaire athlete thats still playing invested in 2/3 😂

[@angeloroberts5573]

when you’re that special to be top 2 of all time at something you can venture into any business and won’t lose😂

[@gracialonignasiver6302]

Lebron's an outlier, not the norm. His name alone would allow him to invest in nearly anything and have that thing sell big. Cuban's advice is for the average NBA player.

[@TruthTellerTV]

@@gracialonignasiver6302 What exactly do you mean by "sell big"? If by that you mean Lebron could invest in any company and have it be successful, no, that's not how it works. If by "sell big" you mean it may temporarily raise value giving him a chance to sell his position at a profit and get out then yeah.

[@Tumorcoach]

His reference was more to middle of the pack players

[@BRIANDER100]

just buy index funds

[@davidharvell3191]

The only athlete who I can think of that's actually a good rapper is Shaq

[@juanwp7583]

Thunder 4’s

[@23kently]

LGB T-shirts

[@davidmitnick868]

Don't invest in rap, don't eat fried chicken during the season, draft "high IQ" European talent. Mark Cuban ladies and gentlemen.

[@lexkanyima2195]

That's a business man right there

[@liamharis9246]

Michael Jordan - Jordan’s ?

[@jameswoods5076]

Lets be real the game became less physical to in corporate the Euro players. Because before they couldn't hang and was in and out of the league.

[@ShawnBurks-p6i]

Z Bo got a successful music label nless

[@alexstairgaines8984]

But the T shirt cuban got on is 300$

[@j2323j]

Tyson records

[@lynellesiler1872]

Hi ❤❤😂

[@garygillespie291]

hi shannon hi mark- so mark- i have 35K kids i broke the worlds record for a mile about 100 times- my best time for a mile was 3:36- i lived in kitzingen during 79 and 80- like dirk?- and... how many teams? 30? so then 150 starters- so then how many of them are my kids? 110? more? i like dirk i want a guided extended visit of kitzingen- song for dirk> 99 vicht balloons

[@dehonpowell9766]

Fried chicken huh....

[@dayanandshetty6029]

INDIA. TEN TOES IN.. 🙂

[@MalcolmLittle-pw9dz]

How about not put anyone over your money. Only idiots let other people handle their money

[@xavierd3298]

You must be use to making minimum wage. Once your making 6 figures you have to be a complete fool to just let all that money sit in the bank. A financial guy is needed at that level

[@returo7297]

don inves on clothing

[@ElizabethHurtado-py8ur]

Hobo dinners ...

[@anthonys9892]

Nothing on the mavericks scandal. Shay going soft

[@Ap_twsh]

you'd rather hear about gossip than financial info? lol

[@anthonys9892]

@Ap_twsh what do you think the Kat williams interview was about. He's also giving financial advice to Bball players with millions to invest. You got millions to invest??

[@pb3583]

Or do what LeBron did, pay for them to get a degree or get training so that they are of use.

[@ceo_felcone]

🫡

[@vkrpic81]

India has 0 NBA players, China doesn’t have more than 5 i think so this bs excuse that Cuban used makes zero sense as their population makes no difference for non US players becoming so good and those two countries are already like third of the planet

[@gwopin1]

This mf got rich off a chain letter first

[@fulcrumsee5968]

Fried Chicken huh? What about the watermeleon?

[@destedone5634]

lol what

[@bobbycoltrane7552]

Shaq

[@11bornrich]

I mean the answer is simple but getting all of that money at a young age makes it hard for these guys to resist falling into the same traps those before them fell into. The answer is, most of their money should be invested in VC or Private Equity. 60-70% Some of it should be invested in something more stable, typically that would be an index fund but at that level you have exclusive/private funds that cater to a certain level of net worth and their returns of the past decade + have been well over 20% YOY beating both the S&P 500 and even the best index funds that we all know about. That's where you want to park maybe 20-30% and don't touch it until retirement. The rest should be put towards accumulating tangible assets such as art, real estate, land, strategic businesses/companies etc... probably under a trust. And the rest is liquid or money for you to f*ck off.

[@jjsavior]

Well I that was kind of insulting.....that's not what LeBron did though,he hired his friend.

[@QuestionableCooking]

Stay far far faaaaar from restos or bars as an investment unless you want to get fleeced blind. Real.

[@Meowhsss]

Of course Mark comes up with LGB clothing company, just missing the T

[@ericwilson4901]

Mark Cuban is the last person I would get investing advice from. He's the same person who said KZbin would not succeed when it first started. Now, he is doing interviews himself on the KZbin platform.

[@dennismccollins3570]

But did he lose money?

[@BenjaminSam100]

And yet u still clicked on the video to listen 😂😂😂

[@nothingtoseehere449]

he was technically right if Google didn’t buy KZbin, it wouldve for sure shut down google buying KZbin changed its trajectory KZbin loses a lot of money because of keeping the videos in data centers cost a lot more than what advertising brings in

[@juanmachado1844]

I feel there is a MAGAT 🍑 kisser in the comments

[@BanleLennox]

​@@nothingtoseehere449don't explain KZbin succeeded