Schulz Asks JJ Redick Why NBA Players Go Broke

Andrew Schulz asks JJ Redick why NBA players go broke.
#andrewschulz #jjredick #nba #lebronjames #podcast

[@mariokeo7272]

JJ looks like what Schultz thinks he looks like.

[@benr979]

Lmaooo

[@rachelroberts633]

Thinks looks like? You think you talk smart person 😂

[@rolandocedillo5685]

You must like men and that's okay. Diversity is okay

[@ivanpro123]

LOLLLL

[@josesanabria6414]

😂😂😂

[@mikehawk9784]

Redick is the haircut you ask for, Schultz is the haircut you get

[@ANiCKiN]

Riddick you go afterwards

[@christophergreaves6159]

😂😂😂😂💀

[@JKAnu-yq1tr]

Including the mustache?

[@quiksix25]

That's 100% an unfinished fade

[@intrusivethoughts27]

It’s cuz he gets a bald fade instead of layered one like Jj

[@sirsmoove2226]

Shultz needs to fire his barber immediately 😂

[@markcooke4280]

Who he think he is hitler 😂😂😂

[@biofixphysicaltherapy5353]

Lol

[@RogerBiwandu]

🤣🤣🤣🤣🤣🤣

[@robertkitchens6341]

His barber is a old man from Germany

[@jusbertmeza4424]

Bro is slowly turning to hitler 😂

[@RudieObias]

John Stockton drove a mini-van when he was in the NBA

[@aarondavid5866]

not just most likely

[@binrui1999]

Karl Malone was in the back of the van. John stockton assisting off the court

[@pdx20]

​@@binrui1999🤣

[@KingChambers]

What does Kawhi drive

[@joemetz8588]

That was to drive karl malones girlfriend

[@AwokenEntertainment]

he was going to talk about WATCHES but then he switched mid-story to a more wholesome answer 😂

[@juanaboynkin1196]

My dad's financial advise was simple. "It isn't how much you make, it's how much you don't spend."

[@AaronVaal]

A big part of it is how much you make…if you make 5k but only spend 5 bucks of it…welllllll I’m sure you get the point

[@rks-hg8ec]

2 words : Baby Mommas

[@Crushboi_22]

1 word, WIFE

[@mrboast2826]

Baby mommas actually cheaper than wife..Wife will take half your money + alimony, and child support...

[@Crushboi_22]

@@mrboast2826 and a bimbo is cheaper than both 💯

[@Hiaki1000]

@@mrboast2826 yeah, but it's easier to have 5 baby mommas then 5 ex wifes

[@mrboast2826]

@@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..🤣

[@abidingdude222]

“You never arrive, you’re always becoming.” I love that. We need more of this mentality in today’s world. ❤

[@mathieukerry781]

Bro said “how is 10 mil gonna last you the rest of your life” the fuck

[@Baklava_Bomber]

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]

@@Baklava_Bombernone of the things you listed are valid excuses lmao Mfs can't manage their money and are just plain irresponsible

[@kingajofficial5527]

@@dtf4life1they act like because ur rich u have to have a “rich lifestyle”🤣🤣🤣🤣

[@lidgerwoodj]

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.

[@spencerantoniomarlen-starr3069]

​@@Baklava_Bomber 5k a month is great!

[@ryanap]

The real flex is when your in a position to give back. Reach one teach one

[@garyhost354]

Why you looking for a handout.

[@bkcalvine]

You're. Why is this so hard?

[@bobertrobertson130]

Schulz never shuts up about money

[@dimoraes0902]

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]

this type of comment is why he isnt broke and you are

[@spencerleland6772]

​@@fatsoaok6749nah, some people appreciate things other than just money

[@jakelowk3y793]

i mean he is jewish

[@darkostanisavljevic1105]

Must be a jew

[@kevinhart8339]

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]

Yep, despite occasionally “putting his foot in his mouth” he is one of the better talking heads

[@nathanbranson9149]

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]

​@@alanaldpal950compared to Keyshawn Johnson and Kendrick Perkins JJ looks like Einstein

[@gmak3090]

I was going to make the exact same comment, but you got here before me!

[@SunniMerlot]

He was an elite player.

[@philthee04]

5% of 4 million, is 200,000. You could quite literally live off of interest.

[@Zagirus]

*Dividends

[@NickZhu50581203]

We could but they can’t, in their world a Range Rover sport is not a nice car…

[@JimMacintosh]

These guys are idiots

[@AndresGomez-ct7qb]

​@@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]

It’s all about the spend as he said

[@D0omC0okie]

It’s not What you make, it’s what you keep

[@BourneIdentity45]

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.

[@DCuerpoJr]

NBA players go broke when they have 10 kids with 5 different women. Alimony and child support is no joke.

[@mrboast2826]

Yeah like 200k per month ...What kind of child need 200k per month for child support and alimony ..

[@o0oStillWeRiseo0o]

Facts

[@o0oStillWeRiseo0o]

304 Support ***

[@draregrevtaam1147]

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]

@@mrboast2826seriously the women be using for themselves

[@FrancisSiuChock]

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]

Is he broke or smth?

[@grahamstrouse1165]

@@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]

Go cry some more. Y’all beat the warriors for a title. Vince Carter had a great career.

[@RogerBiwandu]

Whit that hair cut, Schulz is ready to play on "Inglorious Bastard II", he even doesn't need to change his name !!! 🙂

[@MK-zz5qe]

"Batter up"

[@funkytiger6967]

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]

Nein nein nein nein nein

[@ejkboxing]

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]

Damn I thought my 3k a month was stupid lol.

[@Hiaki1000]

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]

@@Hiaki1000 the point is what will he do if the money stops coming in i.e. if shit hits the fan

[@Hiaki1000]

@@Maleegi probably sell the house and be profitable

[@L1ghtning407]

I mean what year did he buy it? its probably worth 2x now and hes rich af

[@Quan1992]

Never underestimate the phrase "I have a business idea for you"

[@IknowMoreThanYou]

Sure use the most frugal player in the NBA on the thumbnail😂

[@darnellc7276]

Lmao 😂 fr

[@TheFn414]

For real tho 😂

[@abdulfarah4030]

That'd be LeBron

[@darnellc7276]

@@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]

On god

[@kyleisnice]

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]

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]

😊​@@sora4440

[@shofiulrahman8988]

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]

Rich people complaining they don't have enough at the end of the month because they "had" to spend too much? Sure...

[@SK-mr6ov]

Lifestyle though dumbass, everyone driving Ferraris

[@ollihro82]

baby mamas , restaurants, car dealerships ... the holy trinity of athletes going broke

[@brotherLee340]

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.

[@onyx9857]

Normal people make their dumbest financial mistakes while they are young and broke. Athletes are massively rich when they make those dumb mistakes.

[@michaelharrington8401]

YEP

[@imranak12]

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]

@@imranak12 you're agreeing with me and you don't even realize it.

[@Alberto-xz7th]

That is actually an urban myth. Lottry winners don't go broke​@@imranak12

[@kirasawa23]

No. Athletes will MAKE BIGGER mistakes since they have more money and will hurt much much more.

[@tylers82]

I feel like JJ was dancing around the real reason most use to go broke

[@spencerleland6772]

Cause hes gotta tip toe with the "brothas"

[@brotherLee340]

The ones who do go broke is usually because of some extreme dumbness. Baby mama's, Gambling, drugs and bad investments

[@Zaghzackio]

JJs not the white person to ask abt this

[@brett2660]

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]

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 😂

[@TheRealSandman]

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.

[@kjwworldwide]

They dont teach financial education in school. No education means you will act like a fool when u get money .

[@dlakerguy]

you*

[@connorprafke3156]

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]

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]

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]

They definitely teach financial literacy. It seems maybe, you didn't go to school?

[@MommyMilkk]

Shultz look like he part of the Schutzstaffel😂😂

[@hardchooligan]

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]

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]

@@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.

[@speed6725]

That’s why when any of the leagues that go on strike complaining about they aren’t making money get laughed at. The MLB league minimum is $740k annually. NHL is $750k. NFL is $795k and NBA is $1.1 mill. I do not feel sorry for you. For $740k a year I’ll be the first one to the park and the last one to leave. You get either $34.50 per day or $117.50 and tip allowance in season for meals. You don’t pay for travel and hotels. And you get to play on beautiful fields all around the country. There are gym facilities at most hotels and stadiums. If you can get paid more, great. But don’t complain about your salaries when most people in this country and around the world don’t make that.

[@rososhow2031]

@speed6725 The nba brings in over $10 billion a year as a whole. Asking for .05% really isn't asking for much. The average team makes $353 million a year. We need not to go against what how much of the pie someone wants. The producers of the products should get paid. The owner of such product isn't doing the labor.

[@rososhow2031]

How should we calculate the return on labor and time? If your labor and time help bring in $10 billion and there's 600 employees. What percentage should the employees get in return? When the owners of the teams are selling these days, they are receiving double if not 10x or more what they paid for the team. Do the owners not deserve to be paid 2x or more for their investment. The individual doing the labor also is investing their life with the company, hoping the company does right by the employees.

[@yoflo3002]

Shultz goin back to SS roots with that cut

[@desanihill8180]

That boy Schultz told his barber lemme get a high bowl, No Taper, No Fade 😂😂😂😂🔥🔥🔥

[@Crypto_Circus]

Amazing interview, one of the best

[@arivera3203]

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]

That's usually not how most athletes go broke. Majority of them go broke because of bad investments, gambling and alot of kids.

[@maryannsullivan7724]

JJ is a good guy....taking care of family speaks for itself (and just more than parents at that).

[@Kevinjimtheone]

Picking Giannis as the thumbnail: a guy notoriously frugal, was funny, tbh.

[@recoil53]

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>

[@williamcowell1889]

“They don’t anymore” Ya ok JJ

[@jayblizzock]

JJ testing Andrew with that Chicago deal and it went over his head😂😂

[@kaystarRAW]

Lmao o that’s what happened.

[@bradbaum9070]

Straight faced I was confused

[@observerealityinhd290]

He got a offer sheet from Chicago.

[@andregil8612]

JJ Redick is always a good talk

[@abrahamabhishek4240]

is it just the good-quality mics, or does everyone on this podcast have a great voice?

[@nathanbranson9149]

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.

[@Tormentality]

stoked JJ is announcing some playoff games. easy and interesting to listen to

[@quiksix25]

It stopped when ESPN released their documentary Broke- NFL and NBA realized they gotta help these dudes

[@seanliburd57]

“They don’t anymore”…baseball and basketball puts players first.👼🏽

[@jaybird4571]

JJ. Reminds me of asher from All American. 😂😂😂

[@PInk77W1]

“How is that supposed to last u the rest of your life ?” Don’t touch the principal. Invest and only spend the ROI

[@sammy74747]

Facts. Simple as 1 2 3. Put that in a CD or GIC and you never have to work a day in your life.

[@wesleydowns3244]

The problem is the lifestyle and spending

[@logfog]

Everybody comes to work knowing somebody wants their job. That's life. It's competitive and that's good.

[@alimuh007]

Magic Johnson signed a max contract 25 years $25 million dollars lol

[@therealist2000]

Adjust for inflation

[@manchesterunitedno7]

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]

And a house in LA would cost 80k or some shit instead 2M dollars

[@ptccombatfitness6726]

JJ is talking about bench guys. Ask him about guys like Sprewell amd Antoine Walker

[@k_hack9441]

He said “anymore”. Those guys were late 90s-early 00s. With all the league resources you have to try to screw up that bad

[@ivanchicola4910]

‘I thought we were getting a watch story’ lmao

[@fireguyhoseman5975]

Schultz looks like a 1920s prohibition moonshiner! 😂

[@Keator0728]

Too much money now. It takes hard work to blow all that money

[@haruspex1-50]

NFL is different.

[@alarydavidnin]

It depends, the spends increase with your social status, and brain status

[@handsomeawkward1822]

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]

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]

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]

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.

[@chrisfelan2665]

Do they film this in Austin where these guys live???

[@jacobhixson8836]

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]

What do you mean?

[@eonsconsult9319]

Why are they using giannis image, why not jjreddick's

[@IknowMoreThanYou]

Cuz JJ hates Giannis Who is btw the most frugal player in the NBA lol

[@willvr4]

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.

[@hereitisagain4880]

Hockey the same. I have played both. Always the team first among brothers. No envy.

[@BmoreClark]

When did he play for Chicago?

[@cagenazariah]

Signed a RFA tender with the Bulls, and then Orlando matched. I remember the bulls offered him cus they missed out on Bron/D-Wade.

[@derrickwilliams936]

I’m trying to figure that out too

[@quisejeter1470]

In free agency players who are restricted free agents have an opportunity to agree to a contract from a team different than the one they were last on. When the foreign team offers big money, the team the player last played for can either match that deal to pay the player, or choose to let the player walk. Chicago offered JJ money. Orlando matched

[@wespaul633]

IT’S ALL ABOUT THE SPENDING? Well shit! How did this vital financial information stay unknown for so long?

[@SportyGeek12]

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.

[@filmyouin]

JJ is the complete dude

[@randallmadison9910]

Stupidity. Literally impossible to go broke with their salaries, and they do it regularly.

[@nickh9811]

Not literally then

[@randallmadison9910]

@@nickh9811 Big brain on Nick (sarcasm).

[@Jim_Bag]

Too much Hennessy, chains, and strip clubs

[@vanhattfield8292]

The "fear" JJ describes is the exact opposite of what someone who is entitled feels...

[@boblazar6953]

Shultz went for a fade but the barber had a heart attack

[@TrueGrinder8]

He really said congeal instead of gel

[@AbaMiguel]

lmao I'm glad he and his teammates coagulated so well

[@anon2414]

and he said he signed a 3 year contract with Chicago. I looked it up he never played for Chicago. Wtf

[@SuperKidthunder]

⁠@@anon2414 he did sign an offer sheet with Chicago but Orlando matched it.

[@anon2414]

@@SuperKidthunder 👍

[@peterwinkler4934]

JJ is a smart, responsible dude. That’s why he's a terrible "model" for this conversation.

[@spencerdickson9693]

My Rich Uncle always says "Its not what you make, its what you spend"

[@j_b0yyy]

Don’t every has a max contact tho. Theres still 2nd round picks are players getting signed minimums etc.

[@strongman410]

I don't care what nobody say you give me 8 million right now I'll never have to work again in my life if you choose to be an idiot and blow your money that's your fault but it's not because it's not enough

[@thisguy8106]

Amen!!

[@thisguy8106]

Because i don't need a mansion or an incredible car. Give me a Camry and a nice little 3 bedroom house on a few acres, and I'm set.

[@andywalken6838]

Different when you've grinded the last decade while building relationships that you want to take care of. This is a tough situation. Young men who have made promises they don't know how to handle

[@l.h.tnguyen4916]

You are poor, that's why you think its enough. Its never enough. The person making 30k thinks 100k is rich, 100k thinks 1 million is rich, the millionaire thinks the billionaire is rich. There's a reason lifestyle creep happens. If you were so smart you wouldn't be so poor and calling these people that make millions "idiots".

[@mrboast2826]

​@@l.h.tnguyen4916 So you call us dumb just because they make more money than us...Dude they were blessed with genetic from god...If you are 5ft 6 in NBA , you are most unlikely to be selected...Most of NBA guy didn't even finish college or got 1.0gpa in school..They are lucky not smart

[@PlayaGuitar]

So, I get that life as a player is likely more expensive, but if you have 8 million guaranteed, that's 8x the 50k salary someone makes for 20 years. Going broke with that money is not because of the salary, it's because of the spending.

[@SK-mr6ov]

Reread the first sentence you wrote it’s not alot

[@kevinkelly4436]

I read once that if you think you've arrived in your mind that will be when you start getting worse as a player

[@yowlolstfu6759]

Because that s when you stagnate and no longer improve

[@BklyNYC]

Anyone who knows more than Schulz and even Schulz senses it so he shuts up? Is a great guest! Thank you JJ

[@thisguy8106]

Cars and houses are the most asinine things to spend money on. Smh.

[@frankjennings4489]

Cars yes. Houses no. There are definitely worse things.

[@thisguy8106]

@@frankjennings4489 im talking about the way athletes do it. Theres a smart way to do real estate... and theres a dumb way.

[@tmac20031]

$70,000 x 30 years = $2,800,000. If you made 5 million over 5 years in the NBA and go broke I have 0 sympathy.

[@omarasad7912]

Who plays 30 years ? 😅😅😅😅

[@tmac20031]

@@omarasad7912 70,000 over 30 years is what a working person would make with a decent salary. That was my point.

[@marcustolbert7310]

@@omarasad7912way over your head

[@perc3136]

Schultz so spazzed off the addy he cant help himself when it comes to interrupting

[@Vibesgray5]

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.

[@jacobmcmahon6071]

Realistically if youre making six figures playing a kids game, nobody actually feels bad for you

[@rolandocedillo5685]

Why are there 3 others guys just there with a stupid look on tbeir face 😂😂😂

[@fringe_minority]

They laugh when Schultz says something funny.

[@rolandocedillo5685]

@@fringe_minority poor guys whay a tough job 🤣

[@JMacTheFanatic]

that is weird

[@wadeharris348]

You can’t stop greed or envy.

[@GunsNRoses87AXL]

These guys are delusional. Most people dont earn 8mil thru a life time. And they complain 8mil is not life changing due to their reckless spending

[@matthewlapish1107]

A: because they are immature and unsophisticated young adults.

[@justthatguy1808]

yeah thats what happens when you literally draft highschoolers and 1st year college students age 18 and 19

[@colonelJ77]

Grown children with no college education or job experience who play a game for a living for millions.... what could go wrong? If i had a million bucks i could retire today at 41 and when i die my kids could have the million bucks left in the account.

[@GBU61]

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.

[@akeemperez8509]

The aver1ge american at 75k a year working 30 years will make 2.25 million. In their lifetime. Children in the nba making that in 6 months. Don't talk to me about spending

[@wings3118]

If anything, this should hammer home that spending is everything. Most important lesson my parents ever taught me, is that the way to save up, is to keep your spending the same when you go up in salary. Maybe you feel like they're talking down to you, and that's fair, but don't rob yourself of the larger point that can help you out in life.

[@matth9881]

😂 yea but how many really making 75k+ for 30years straight . I would say under a Mil would be more realistic

[@CrisJunkie]

You can't be this clueless. It's all about spending and what they spend their money on. If they get paid 2.25 million in a season, they don't get the entire amount. They pay their agent fees, federal taxes, state taxes, jock tax, etc. Then, with the amount left, they spend on their homes, luxury cars, families, parents, friends, women, clubs, fashion, jewelry, gambling, etc. They can have a million one day and the next thing they know is they're broke. How many rich-gone-broke NBA or NFL players' stories do you need to hear to be convinced? Watch those videos about how players have spend their first million to see what lifestyle they have.

[@jkerr1563]

Did JJ REALLY say "10 million in 5 yrs, how are you going to live on that?!" 😮😮. Talk about being totally CLUELESS. Sweet Jesus

[@c5vette739]

Average American yearly salary is $59K. Big difference from $75K.

[@birdbangbobaruni]

When is JJ going on Vlad he everywhere

[@edross2826]

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.

[@ForeignFlexTv]

Gotta ask the black athlete. Totally different

[@Dirtydinero69]

They gotta get the attention of a black athlete first. This is a white show.

[@spiderpimp33]

@@Dirtydinero69Good Point. I’m black and only know Shultz through Charlamagne The G.

[@Dirtydinero69]

@@spiderpimp33 yes and somehow Shultz is a successful comedian. Never had a stand up special. Bruh Cham D God is a whigger.

[@Caleb-zz8sg]

It really depends on the contract. After a certain point, it’s gotta be mental health. A mentally well person could budget a 100 million.

[@khefe-rayayatun2490]

It's a crisis...#howeverthemessagegetsout

[@Mr.Perfectone]

You will get a different answer with a black athlete. Lot of responsibility your whole family wants some from you. Like you owe them. Cars house and 10 baby mamas child support etc. One these black dude stop playing its a count down till they go broke.

[@marceldwayne8491]

In other words different priorities

[@fenzelian]

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.

[@Baniwinnie]

Going broke off of millions of dollars is crazy

[@DB_Cooper.]

"Stressed to the nines?"

[@Randelo2013]

JJ will give a honest take

[@jonlundgren562]

It’s not what ya make. It’s what you keep.

[@flaviomelo8130]

Money is a finite resource

[@Tritiuminducedfusion]

"Popping those bottles", marrying gold diggers and that "bling bling yo".

[@Alberto.81]

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.

[@Groov3_]

Inflation will make em go broke