Glen "Big Baby" Davis Explains How Kevin Garnett's Accountant Stole $77M (Part 19)

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Part 20: • Big Baby on KD Trollin...
Part 18: • Big Baby on NBA $4M He...
Part 1: • Glen "Big Baby" Davis:...
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In this clip, Glen “Big Baby” Davis spoke about being present at Kevin Garnett’s jersey retirement and what it meant to him to be part of KG’s journey. He also weighed in on athletes being taken advantage of by accountants, like his big homie Kevin Garnett. Big Baby explained how someone in KG’s position can be taken advantage of and why pro athletes are woefully underprepared to handle the type of money they’re coming into and what they want to do in the business world.

[@Jogbiggesthreat]

$77m that man was thinking bout his kids kids 😂

[@pickyourfaceup384]

Kids hahahaha

[@benniecurtis5330]

@@pickyourfaceup384 omm lmao

[@acelowe260]

Him and his kids kids would be extinct!!! 77m? Damn

[@kedakoop]

Facts

[@paulhuang1694]

His kids kids kids lol

[@Bonescratcher]

KG is one of the greatest players to ever step on a court

[@courtneysmith1352]

Ok captain obvious

[@Dsparks7777]

This needed to be said because sometimes he gets disrespected.

[@southernflavamaker]

I definitely agree...and has one of the best MJ stories of all time 😂😆

[@Kingtone1209]

@@Dsparks7777 most athletes get disrespected lol

[@Bonescratcher]

@@southernflavamaker he also has one of the best Kobe stories

[@jjfattz]

Big Baby Davis' resting face is HILARIOUS.

[@robertreyes1209]

That shit got me tripping. Closed my eyes and thought it was a different dude 😎

[@improvisewitme]

Fer real LMFAO! He look like he gotta mean snore game when he sleep.

[@THEINFAMOUS1011]

I read this right at the beginning when he’s just staring with his mouth open 🤣🤣🤣🤣

[@Mikefame3]

🤣🤣🤣

[@brendan8637]

Man going to prison for 40 months now

[@HakeemTheDream616]

I wouldn't even use an accountant. I trust myself, and maybe get a financial advisor to help me with investing.

[@patrickjoseph7773]

STACK YOUR $$ Or You'll be stuck listening to VLAD brag about his for the next 20yrs😂😂

[@CarlosMcWhorterCPA]

Don't look down on these athletes. Some of us made the same mistakes, it's just that our salaries don't allow for those mistakes to be as huge as theirs 😂

[@ericharris9593]

So true 😂

[@fadhilirimba6]

word

[@rayj.9568]

Good observation.

[@hoodpimp1519]

Facts! I tell people that all the time , they critizize a millionaire for buying expensive jewelry but they are broke and buying Jordans lol

[@bendedstraw4294]

It's similar but not the same thing.

[@aarong3000]

Every athlete should watch that ESPN Broke documentary before they turn pro. That documentary was so informative!

[@marie_84]

Where can i watch it? ✍ 🤔 I'm from europe. 👋

[@HighlightReelFactory]

Its funny because it's one of the few things that espn has done for the black community that's actually helped. Every other thing they do is promoting all this "progressive stuff". All that has done is set us back

[@chillywilliedfw9093]

Facts

[@MikeMike-wr7zi]

Should be mandatory

[@state2statestreetedition453]

Only broke people watch it lol

[@styner3]

I know two ex-professional athletes and one was a journeyman but played 12yrs and the other was a star and played eight. The journeyman did the right thing with his money and is living very comfortably but the star is living with his mom in the house he bought her.

[@kobeplayeddefensetoo1351]

That's tough

[@drone1028]

He should of bought himself a house first.

[@kobeplayeddefensetoo1351]

@@drone1028 always can go back to mama...

[@okachobired5856]

@@drone1028 he probably did and lost the house because of bad money decisions

[@sylentknight]

at least the mom still has the house, they usually loose that as well from what I've seen.

[@kimariokiji]

Pro athletes - make sure you sign every check, no power of attorney agreements and have two accountants - (who should not be working together) to help YOU balance the books EVERY month. Hire a CPA who used to work for the IRS and is highly knowledgeable in whatever industries (ie. real estate) you invest in for your taxes. Buy apartment complexes and laundromats all around the country. Don’t invest in restaurants or car washes. Your on season and off season job is keeping your hard earned money, and making it work for you, so you can retire at a reasonably similar lifestyle after retirement for the rest of your life.

[@screweduptexas]

On Steve

[@brandoni241]

Actually, self service car washes are not bad investments because they're low maintenance. But everything else I agree with. Never trust anyone fully...

[@clevelandtx2fontaine224]

This dude been lying whole interview. Stfu

[@SELFTALK]

You got that advice from Iman shumpert

[@oscardagrouch5095]

Mind if any 20 year old millionaire. "All I want to do is ball".

[@suric4828]

Parents, teach your kids about money, no matter how much you make. I taught my daughter how to pay all of our monthly living expenses when she was fifteen. By the time she went to college, she already knew how to manage the money that I was depositing into her account every two weeks.

[@frankdamici5865]

How about make her get a job 😂

[@602virginia]

Thats where it should start. Not anywhere else.

[@BETTALIFE101]

She’s managing your money not her own. She needs a job.

[@kylegray3838]

Schools should teach them basic finance and credit. It's life skills needed in this world. And make your kids get a job 😅 then they'll appreciate and learn to money manage without spending yours

[@htplilj94]

To key to financial success is to make smart investments and act like u broke for a couple years and cut back 80% on your weekly spending habits AKA stop wasting money on what you want. Buy what u need no extras

[@incognegro2315]

I don’t see why athletes DON’T think about what they’re gonna do next. All it takes is ONE INJURY for it to be over with. This is why the players will always be going through the same inevitable shit. On the contrary, making poor decisions with money is a personal learning lesson. Can’t nobody take that from you. Being young, healthy and ignorant with money you’re bound to make mistakes. I’m in my 30s now, I understand the power of credit, INVESTING and having MULTIPLE STREAMS OF INCOME. Owning a mansion is pointless, but renting out your mansion is profit

[@1990758]

I agree with you 1000%. I always ask random people what would you do if you had a $100000. Everyone says buy cars and buy a house.

[@BazookaIke]

@@1990758 lots of dumb people. Over half of 100k can be eaten up on a car these days. Its not a great investment unless you use your vehicle for your job. Obviously a house is a great investment.

[@Rishawn26]

I don't care how much money I got I will be my own accountant I'm good at keeping track of my money 😂

[@Mikeb37222]

Man I don’t understand the point of accountants 😂 man I watch and manage money like a mfkr!

[@leroytyrone3887]

Frfr, it’s basic addition and subtraction, also get a tax lawyer

[@flyguy7825]

Okay and that's cool. But if you have no financial discipline, you could easily lose all that money before you know it

[@reginaldbstewart395]

The thing is not just budgeting but being able to take advantage of various tax shelters available to you at the multi million dollar level; keeping abreast of tax implications of a multi million dollar fortune; understanding the need of having available funds for other professionals (tax attorney, real estate attorney, concierge doctor, rush assessment specialist, nutritionist, etc)

[@cooldad2605]

Definitely get a tax attorney. Most of these athletes make hundreds of millions of dollars; could comfortably live off the interest per month w/o ever touching the principal! And that's not including investments stocks and money markets to increase wealth further.

[@johnnygoods1232]

HE BACKED UP THE ACCOUNTANT WHEN HE WENT TO TRIAL AGAINST TIM DUNCAN. Then found out he was getting robbed wayyyyy worse than Tim

[@DontCallTyrone]

Facts!

[@flyguy7825]

Because he tried to save his money instead of given Uncle Sam and paying a proper professional

[@alphadiallo1655]

Oh Really? Damn

[@lsaye]

Some locker rooms have a combined worth exceeding a billion dollars, yet they have never put it together to do some business and create even more generational wealth.

[@eligreg99]

I’ve always wondered that. Athletes could change whole neighborhoods but then again you can say the same about their employers.

[@MusicoHaven]

I've been hearing this same story since I was a kid and I am in my 40's. They have big brand financial advisors and accountants. I just can't believe fall in the same trap over and over again.

[@yourmomshouse8993]

I was thinking the same thing and I’m also in my 40’s this shouldn’t happen anymore.

[@SunnyReignz]

Advisors & Accountants has alot of room for scammers. An jealousy of a young kid getting all this money to play a game weighs on these adults who are probably deep in debt from school . Most just take it & say fuck it.

[@theylovemyke]

This story is like America on a smaller scale. KG is the people and his accountant is the government

[@MusicoHaven]

@@SunnyReignz It's less likely to happen at a big bank. They don't want to get sued or that bad pub for stealing athletes money.

[@SunnyReignz]

@@MusicoHaven less likely but it has happened. Most aren't dealing with banks. It's accounting & investment firms.

[@michaelblasko5207]

As an accountant, it is so easy to monitor your finances let alone letting another goofy steal from you. Being an "athlete" is not an excuse. Set ACH approvals where only payments can clear your account with your approval only. Trust me the bank will reject any payment other than you. If payment on credit, issue a virtual card where the cc # is different every month and limit is only what the payment is authorized for. If ur making KG money, pay $100/month for invoice system where payments on ur checking/savings are made only after you review and approve payment in the system. Own businesses and real estate? Hire a CPA auditing firm to validate no one is stealing and your financials are clean. Consult with a CPA if early in business and they will direct on how you stay safe financially before you start growing. DO NOT HANDLE CASH. DO NOT GIVE POWER OF ATTORNEY. In my humble opinion only YOU should be in control of ur money.

[@lemons2lemonaid]

They didn't know stuff like that at the moment as you stated those guys are in there 20 they don't know no better ..

[@yerlee4]

Easier said than done yet you still hear these stories come up all the time. Fast Money is definitely an addiction also

[@aleekap1890]

Did you grow up with knowledge of these things? I also work in corporate Finance/Accounting but we can't act like these things are common sense items because they are not! Especially for many who come from a background of "lack". You're talking about in many cases a 19 or 20 year old that probably didn't even know how to reconcile a checkbook at the time that they acquired 50 million so these would be foreign concepts. It's excellent advice that you're providing but sometimes you have to "walk in their shoes" to fully understand the root of the problem. Not saying there is no accountability because many of these guys have seen and heard the horror stories of others that came before them, but as immature 20 year olds I'm sure they think they got this and it will never happen to them all while the vultures are circling smh

[@michaelblasko5207]

@@aleekap1890you have good points. i learned this at 18 on youtube trying to get my first accounting job. no degree even still. my parents never taught me. the point is, if you are in position of alot of money, whether 18 or 80 years old, the responsibility is on YOU. Just like growing up when we had to be careful of going certain places at certain times, the same needs to be applied to ur money. Being an "athlete" is not reasonable excuse especially when they say "I am more than an athlete" which is true.

[@alphadiallo1655]

Good Advice

[@2solid4tv48]

Big Baby has Cried like 10 times in front of KG But KG first time Crying 😂 lol

[@rashadscott5609]

Vlad really got a problem with people crying

[@zeemarielacey41]

I'm not a hugh fan of deion sanders but what I do respect that fact that he says he is teaching the guys at Jackson state university on how not to be screwed like most players... PROTECTING YOU MONEY IS MORE IMPORTANT THAN THE GAME.... It's just as easy to play the game and be screwed at the same time

[@txtitan20]

I agree but why you not a fan of Deion? lol

[@leroytyrone3887]

How you not a fan of PrimeTime 🤦🏽‍♂️🤦🏽‍♂️🤦🏽‍♂️

[@Damari90]

🫠🤯

[@zeemarielacey41]

@@txtitan20 I'm just not really he really wasn't a nice guy back than, but he has grown and love what he doing with jackson state especially being my home town

[@zeemarielacey41]

@@leroytyrone3887 I'm just not... He has grown alot yes but he wasn't a nice guy at one point

[@Kwame92.]

People need to realize you do not need a financial adviser to open up a private bank account for millions and need to call how much money you got, and deals will call your phone you not that busy to say yes or no on deals.

[@cannottrust3710]

And your bank can set a limit on unusual transactions (play money) outside of your monthly/quarterly bills/expenses

[@akeemMagic01]

It's funny they have a system to go after these dudes 💰.

[@Marleyfresher]

I always thought the same thing. Like dude I know that's alot of money but that's even more reason for me to be the sole person to watch over it. They got plenty of time on flights between games to check their account and make transactions. 🤷🏽‍♂️

[@rogerbernard187]

Theirs such a juxtaposition from his red-eyed, cottonmouth, zombie stare right before he articulates himself in a very cohesive manner. Mind-boggling 🤔

[@Tristan597]

🤣🤣🤣🤣🤣🤣😂😂😂

[@Nyx-ml5sr]

It’s his thinking face.

[@camerondaley6902]

But yet ppl mad at lamar Jackson for being his own agent and accountant

[@tunnelvision2218]

Shouldn't let anyone have any kind of control over your money....

[@TruckingWithShomoney]

Imagine being a cable guy and you have to swap out Vlads cable box 😩

[@TheBookofrhymes]

This makes LeBron even more impressive.

[@zo_leo8401]

The NBA rookie transition program was introduced in 1986. They preach on financial literacy and who to trust and not to trust with your money. There have been hundreds of players who have gone broke or been defrauded and this is all public knowledge. Rookies have everything they need to prevent making the same mistakes, but at the end of the day if they choose to trust the wrong people, make the wrong business decisions etc etc there isn’t anything anyone can do about it. So it end up being the player learning the hard way. You can lead a horse to water but you can’t make them drink.

[@tonyvision4137]

The players said that those meetings are for 30 mins & teenagers receiving 10 million aren't really paying attention. But with the internet & the way older players are mentoring more these days its happening less & less. But these are some of the best scammers & the league is low key behind them

[@vladtv]

Watch the full interview now as a VladTV KZbin Member: kzbin.info/door/g7lal8IC-xPyKfgH4rdUcAjoin (iPhone KZbin App users click this link: www.vladtv.com/join )

[@CarlosMcWhorterCPA]

Understand that these decisions are hardly "financial". These are emotional decisions that end up hurting them financially. It's hard for a 19 or 20 year old kid to be in the league with grown men, I understand they want their friends around for emotional support. I can imagine the anxiety these kids go through those 1st few years.

[@aesop4024]

I remember Kobe talking about when he was a rookie just driving around LA because he knew no one.

[@CarlosMcWhorterCPA]

@@aesop4024 Right! He was only 18 and the team was mad he was there, they banned smoking and drinking in the locker room because he was so young. If Kobe wasn't as mentally tough as he was, that could have broken him.

[@maxhernandez9667]

Glad big baby kept it real and added spending money on women...most men wouldn't care to be rich if it wasn't to get women especially a young man with new money....

[@1990758]

But I bet a 100% of these athletes Say this will never happen to me.

[@kdubb332]

These guys lost millions from dirty accountants. Glad tries to switch it at the end to athletes blowing money.

[@brotherLee340]

Exactly. Most Athletes don't go broke because of having fun. Most go broke because of bad business decisions or terrible habits like gambling or drugs.

[@shuaibfranklin8134]

@@brotherLee340 your statement is a big contradiction you said that it’s not because of fun and then named things that they do for fun lol super weird

[@GHOST91141]

77M 👀 you might have to call some Shooters up from the hood to come handle that for you 🤦🏿‍♂️😂

[@countwalker1833]

Facts

[@MarcusDailyMedia]

Cousin Ray Ray

[@MrTycole]

Why nobe of these accountants ever end up sleeping with the fishes!? I know a first offender who got 8 years for $20 of crack!

[@GIJake-oo9ir]

I would let no one ever touch my money not even my wife lol

[@rooseveltdarbey9493]

Nowadays definitely not your wife 🤣🤣🤣🤣

[@mrt2734]

1000%

[@johnbarterthemarketnarc6946]

Garnett must’ve had too much money to not notice all that skimming

[@gqsmoove87]

325 million just from the NBA not including endorsements etc

[@johnbarterthemarketnarc6946]

@@gqsmoove87 right !! But 77 million is crazy !! Had to take a couple of years

[@gqsmoove87]

@@johnbarterthemarketnarc6946 big baby basically spoke on it athletes ain't too bright lol shit Tim Duncan got got for 20 Mil from the same accountant if I'm not mistaken

[@jjakimana5111]

His face when listening to vlad lmao

[@misutasutanto6312]

Yeah I was like what the hell lol

[@Artressa]

$77M 👀? That's beyond greedy.

[@diegotheyorkie1420]

Frfr like damn how much you need? 😂 gimme $700 I’m str8!

[@nzmurda]

@@diegotheyorkie1420 for 1 day? Lol

[@certifiedchaos4643]

Sign your own checks pay your own bills. Hell put them on auto pay get alerts on your phone. Nobody needs access to your account, you can talk to your bank for financial advice,

[@49ers39]

Anyone notice the hoodie lace covering Virgil eye.. Stay woke 🔭🔭💯

[@waltporter7707]

Not all athletes are like that. There are some smart ones that have handled their business

[@allureesthetics1862]

People will stop allowing power of attorney to strangers when they understand that allowing a person to represent you in terms of POA means replicate you, anything you can do business wise, they can now do too.

[@hmosesmamulu6491]

RIP Bill Russell Side note: ppl don't do joint ventures together because ppl don't want to expose themselves to one another. You can flex to your ppl and ball but when it's time to put 50k up and they see how you act 18 months into thr investment it's gonna be clear what you're Really about

[@k-town8163]

Quit using bill Russel name for clout an likes May Allah disown you

[@SB-tl7zz]

There should be black owned financial consultants firm. Someone like shaq that'll look out tir athletes. Or make mandatory class courses before entering nba

[@NiGaThE]

Damn RIP BILL RUSSELL 🪦🕊🕊

[@dabbydabby6484]

*Bottom line..... Management over your own money is important 💯*

[@a-wale6376]

Understanding "Money" shouldn't be that hard. And I think a lot if these athletes never believe that they can run out of money!!

[@bn1342]

Highly doubt you’d know what to do with $30 mill at 19 years old with 0 financial education coming from generational poverty

[@a-wale6376]

@@bn1342 And you proved my point "IGNORANCE" plus you threw everyone in that same box..smh FYI; "Athletes" don't file for bankruptcy at 19 years old.

[@Lobcitybombsquad]

LESSON LEARNED DON'T TRUST PEOPLE WITH YOUR MONEY

[@htownq3300]

Somebody steal 77m I’m blickying they ass out 😂😂😂😂😂😂😂 my gawd it would have been 3 hots and a cot

[@brandonroberts7055]

I'd put every game check in the bank and be done. No way I'm letting someone else manage my money

[@MNDrummer]

The NFL and NBA could make it mandatory that all new players get some financial training and they should even offer financial services, have vetted contracts with places, etc. It would also be good if high schools and colleges taught ALL students good financial practices, how to be productive adults and manage money, how to invest, why to invest, how to save, how to prepare for retirement, the importance of home ownership, etc. Our schools are failing at teaching basic skills and how to manage a budget is a basic skill.

[@RebelKingfrom1995]

They should but they won’t

[@cjethridge4000]

they already do that in then nba and nfl

[@MNDrummer]

@@cjethridge4000 : If they do, then they are doing a very poor job.

[@cjethridge4000]

@@MNDrummer how so??? U can't stop people spending money how they want to spend it or making bad deals

[@mrt2734]

They will continue, the system is designed for it.

[@fancynfreeme]

It’s funny how the men are referred to as “entourage” instead of groupies and gold diggers

[@shuaibfranklin8134]

A lot of those men were there way before the money those women would not even give this es dudes a chance before the money hence groupies/gold diggers

[@Bulls1224]

Honestly man after hearing all these stories about people stealing money.. I can see why some athletes dont talk business. All that money it’s gotta be hard to trust people

[@brotherLee340]

Exactly. Seems like most of these athletes go broke from bad business deals. Everybody makes money except the athlete. I think they get use to fast money so alot of them take risky investments because they want the big pay day

[@thisizdub]

Gotta learn to count your own money. I've also believe when you have an accountant you need to randomly have another accountant check behind the other one.

[@Jd-eq3ul]

I don't know 1 man with or without money that leaves his money with an accountant, handle your own money. It's money 101. You don't need school to handle money. They don't teach you about money anyway in school

[@wanmontana0385]

I'll never hire somebody to watch over my money. I took an accountant class in high school so I'm good. When i make it big I will teach young Black & Brown kids financial literacy cause it's something our community desperately needs.

[@ILikesports360]

“I took a class in high school so I’m good”😂😂kids please don’t be this naïve

[@dallastheoverwhelmingevent1554]

Teach them about a cashless society global transformation a world beyond cash credit 💳 and cents obsolete

[@MrMonkeylawyer]

I hope you make it big bruh.

[@Wallst511]

@@ILikesports360 LMFAO...I was so confused when I read that part

[@wanmontana0385]

@@MrMonkeylawyer Thanks bro much success to you as well

[@IRVremy]

3:14 sorry, bro being an athlete is not an excuse to be irresponsible. His wording just proves the dumb jock adage right. When I did make money, I watched it carefully because I remember what it was like when I did not have it, and I do not want to go back there.

[@oodysmith4105]

I don't care how much money you got count your own money always read the fine print reading is fun to mental 💯💯💯

[@ImDrunkAndHorny]

Over 70-80% of people have reading levels under 7th Grade: Most people don't know (HOW) to read. Theirs a difference between reading and knowing (HOW) to read. Do you innerstand what you are reading?? Do you truly comprehend what you are reading?? English is a backwards language and words don't mean what you think they mean

[@Meechie4]

I dude with the blank face & mouth wide open 😂😂😭😮

[@BrooklynUSA]

That’s why young star players need to holla at magic, shaq or MJ. Humble themselves and be like who handles your money and what do I need to do to make sure I don’t get scammed. When you’re worth a couple of hundred mil you need to have solid, reputable people around you and even then, you still have to check behind them. Can’t trust anyone!

[@regbeen7980]

401k match sounds like a good idea. What’s this buster talking about

[@brotherLee340]

Exactly lol

[@gotlumpz4upaintball447]

Vlad ALWAYS refers to Andre Rison as Left Eye’s boyfriend. Smh

[@daveblood00]

Allegedly Art had to borrow money to pay Rison

[@Proseclub]

Here goes Vlad again speaking like he knows but he doesn't...when the NBA says give us some money back and we'll match it they asking the player to give them money to invest in what ever with no guarantees 🤔🤔 Y'all keep listening to Vlad smh.

[@AlwayzDope]

Then goes on to talk about himself.. lol

[@Proseclub]

@@AlwayzDope facts

[@chuteball]

Eddy knew about those loans, bro

[@moreno_163]

You can only trust yourself in this world

[@Dare2BeDifferent34]

All Vlad talk about is money and how other men and women lost it or did something wrong with it .

[@blackbrucewayne9151]

Alot of them probably wouldn't even appreciate an accountant with integrity who would hive them good financial advice

[@yvetteschools4979]

Not taking away from the player but they are not bosses, just overpaid workers who like stated, barley graduating hs , don't control their own money nor understand how money works

[@sfeverett1]

Why would you give someone I mean anybody Power of attorney of your MONEY!!

[@mblak1006]

There is a certain group of people that are predators and the NBA players are the prey

[@dirtmike6258]

glen making excuses for KG ... nba and nfl have financial courses that are mandatory for rookies to attend and available for all their athletes... they also have mentors who guide them... KG has all these options plus more he could always get, he just didn't care to listen or learn ... a financial predator will always take some fool's money

[@Dymitri0315]

Ain’t nobody gonna help him keep his mouth shut 😂

[@Thumper68]

It just doesn’t make any sense to me I would never ever give anyone control of a cent of my money. It’s not hard to understand basic math. If you get past 5th grade you can keep track of your money. When you make that much money you don’t even need to invest or anything just add and subtract literally all you need to do.

[@jjwilliams9171]

You need to invest! People are going to try to sue you into oblivion for sneezing to hard! Things always come up and having assets that you can sell can come in handy! When you have millions a guy can walk on your property fall and sue you for millions.

[@Thumper68]

@@jjwilliams9171 I know how to invest. And people come find me on my property they are definitely way out of their way and where they shouldn’t be. Don’t worry they wouldn’t be suing or doing anything ever again 😂… but I was commenting from their perspective not if it was me.

[@karlthomas7014]

big baby stop getting "HIGH" before these interviews dam bruh close to mouth!!!!!!

[@ألفومية-ح5ك]

Wow. I'm an accountant in Lebanon and get paid 85$ per month. Maybe I should immigrate to the US lol

[@adibabdullah6633]

Yes, you should lol

[@J_Clean_1996]

Please don't.

[@J_Clean_1996]

@@adibabdullah6633 No, he should not.

[@huhhibruh800]

@@J_Clean_1996 this is exactly why the rest of the world thinks Americans are bs. Keep that shit too urself

[@rolio9775]

@@J_Clean_1996 yes he should if he wants to.

[@DaMixWizard]

I always asked that question...if I made 100k a year, should I invest in something to possibly & hopefully make up to 5 million in 10-20yrs & that'll be awesome right? Now if I made NBA money, 5yr/246 million...do I need to invest & hire an accountant who's going to lie & steal about a 3rd of my money? It never made sense to me. Should I be happy with my 246million & just roll with that? Why should I invest, I wasn't never going to make that type of money nowhere else. Kevin Garnett made $343 million in career earnings, by him hiring a accountant & doin wack investments, his accountant stole $77million, would've did better by not hiring an damn accountant

[@alphadiallo1655]

Good Point. But you know Money is never enough

[@DaMixWizard]

@@alphadiallo1655 if u won the $250mill lottery, would u still invest in things to try to make more money? Now u gotta hire a accountant, an investor to help you, a lawyer...3 crooked mofos, especially if they think you are not smart. Me, I'm rolling with that 250mill & I'm not investing in nothin, I'm moving to a beautiful place & spend my money wisely

[@alphadiallo1655]

You are 100 right. People greedy

[@kelbijackson]

Fam this guy is ZOOTED !!!!

[@jeremyparker9142]

No cap

[@brotherLee340]

Hey Big Glen. Health insurance and 401ks are good things lol. But in all honesty. Most Athletes just need to learn to save and be a a little humble. Jewelers, car dealers and accountants love to see athletes. Rubbing their hands like Birdman 😂🤣

[@davidcruze111]

Most parents don't teach their kids about money management, because they don't know how to manage their own money. The NBA has financial advisors to help them when they enter the league it's just on them to pay now and play later.

[@rickbentley9752]

Man ain't no way his lips 👄 should be that dry

[@nickatnite16]

What I love about Gronk is he never touched his NFL money, its reported he only spends his endorsement money. Same with Jay Leno,it's said he doesn't touch his Tonight Show money,he lives off of money from his other gigs. If you're only making money off your contract,live within your means,a modest home,no entourage,not buying jewelry and huge mansions(you have to pay property tax,utilities,maintenance) ,and not having kids with multiple women (child support),and if you go out,skip the bottles(go order a drink or two)

[@brotherLee340]

That's the same thing Marshawn Lynch does as well. He said he only spent his endorsement money and saved his playing money.

[@Dgrant97]

Jayson Tatum too

[@michaeltamares7974]

Shaq too

[@LuckyShowTime]

I told my boys no way I let a stranger handle my money. No way, no how. Especially millions!? Shiiiiit I taught myself!

[@Qofb7636]

@ 2:13 my boy goes to sleep while still awake😂😂😂😂😂😂💯💯💪💪💪

[@Darcygamil]

Never give power of attorney

[@TheAccountingPreneur]

Honestly, I doubt his accountant stole 77 million... Just bad controls..

[@Trwillis9]

Kids never let this foolishness happen to you.. Kevin Garnett was so ferocious on the court but didnt take the same ferocious approach to understand his finances for his generations.. its good he sued the hell put of that accountant though

[@sincityquinn]

Don’t give anybody POWER OF ATTORNEY. Jesus.

[@garycotman6176]

Somebody tell one of these athletes ill be your accountant. I won't steal your money. (Hire Black)

[@jaybae7315]

In summary, they like targeting young Black athletes because they don’t pay attention to their finances and easily finessed.

[@bigolbabyhuey]

*Karma for telling Carmelo Anthony his wife taste like Cap-N Crunch*

[@asahthavoice]

Apple jacks

[@RV-td5di]

Honey nut cheerios

[@asahthavoice]

@@RV-td5di frosted flakes

[@kayt6fhutch674]

Fruity Pebbles.

[@asahthavoice]

@@kayt6fhutch674 Rice crispies

[@christophermatthews2398]

Bruh funny as shit he said you know you love ya hos....im dumpin da bag on dem too! At least he keeping it 💯

[@koffiged]

How come this dudes gave acess to their money?? How come pay an accountant to EXPLAIN them how to do it, and them do it themselves...

[@RaulRM3]

Pleaseeee glad bring Kevin Garnett on🙏

[@GLEAMpbs1914]

Vlad keeps talking about that players are not going broke like that anymore!

[@kingme6109]

No see he just keep it so real if u grew up a square u ain’t gone relate no athlete went broke because of Entourage it was always investments taking a L being suck in by an accountant or the fancy investor with the brief case and suit

[@malthecpa815]

If you’re worth millions, you need an entire financial system in place. Relatively not that expensive either

[@oscardagrouch5095]

NCAA is culpable. Providing kids "free education" make it about sports finances.

[@albertramos4900]

The same guy stole 20 million from Tim Duncan and at the time KG defended that same money guy in court against Duncan

[@curtdog9364]

Why is baby mouth open?

[@supaman404]

This nigga look slow between questions but speaks well

[@J_Clean_1996]

You can't give poor black people millions of dollars and expect that they won't end up poor again.

[@J_Clean_1996]

There's a reason that we don't see VICE covering tribes of white people who are living in rundown huts with dirt floors. There's a reason.

[@ReppinCTandATL]

The fact that he thought health insurance and a 401k was a way for the NBA to get money back is very telling….and sad!

[@SunnyReignz]

I think he's thinking they own those institutions too.

[@THEGOATOFSPORTS23]

He higher than an elephant ass

[@yemen9661]

They do lol. If every branch of the military force is a private entity. Why wouldn’t these . Also Garnett went from high school straight to the nba . There’s the lack of education you pointed at. But he’s the bad guy. Not the institutions the nba suggested

[@flyguy7825]

These athletes try to cheat the system by going to these people who say they can save some money and end up losing a lot of their own money. That's why you hire established professionals to handle your money. I mean just listen to the story of Kevin Garrett.

[@DM-lj2mn]

A lot of these crooks are professionals lol. They’re just smart enough to know loops hole to write that money they stole off as losses.

[@flyguy7825]

@@DM-lj2mn Bro, go read up a lot of these players go to these accountants and people who claim they hold money through other people who don't have a valid portfolio to back up their claims because they're trying to save their money

[@GreybeardSD]

Growing up broke and being a potential great athlete brings certain benefits but also brings certain people to you that don't have your best interests in mind. Sometimes it can be your own family. Nobody is telling you to take a class on finance but everybody got they hand out. They roll with these big entourage because the hood says if you only are thinking about yourself and your future and not Ballin out wit ya peeps then you a sellout and forgot about where you come from. To be fair even if you told them they might not listen anyway. It's all about how hard you can stunt until you wake up. Sometimes it's too late by then.