How to Go BROKE After Earning $100 Million | Adrian Peterson

[@StylishDTailors]

I remember when everyone said I looked like him, it was awesome. Now everyone is gonna assume I'm broke...awesome...

[@SpencerCornelia]

haha

[@jaychild78]

😅

[@chicken1262]

Nah we already assume you don't got Adrian Peterson money or can run over linebackers like him trust me you'll be ok

[@Bsb0830]

Stylish D@ you were already broke.

[@timthepoolman3313]

Bro get a job

[@ThePathGuarded]

Spencer, you're a monster for not warning Adrian when you had the golden opportunity.

[@bobbyshmurdashat205]

He’s worse than Dan lok

[@yourfriendlyneighborhoodca9576]

@@bobbyshmurdashat205 no one is worst that Dan lok 🤣🤣

[@HeyKamal7]

Yeah. He should call all athletes which can go broke, and show them these videos.

[@papacinoooo]

@@HeyKamal7 they are super arrogant to be honest. most of them actually, not all of them. they wont listen to you bro. 🤷🏽‍♂️

[@levhen]

they wouldn't listen to him though

[@rahulnambiar3928]

Earns US$ 100 million People: Settled for life...next generation taken care of too. Celebrities & Sportsters: Splurge through like there's no tomorrow & get under nose deep debt.

[@jayc2fly535]

But I mean they were normal people before they got rich so... 🙄

[@shumishu6019]

They were normal people, they still are normal people. Most people go broke after winning the lottery, don’t play that

[@e13kid]

Because that’s what really happens when people get handed that much money. Everyone thinks they’ll be a master investor and saver. Very few actually will be.

[@akin242002]

@@e13kid A big part of investing/saving is discipline. If you don't have it, it doesn't matter what knowledge you have on finance.

[@brotherLee340]

Athletes are easy targets for shady advisors and Investors. Majority of them go broke because of people in suits and ties.

[@turdferguson2839]

Wow 7 kids with 4 women, if he's struggling now imagine how hard it will be in 10 years when he's got no money coming in and 7 kids who wanna go to college.

[@LifeofKairo]

Raising *seed* capital for her business. 😆😆😆

[@luisguzman-bc1mk]

Dude, when he said that the women might dig through the trash for the condom just to impregnate themselves with their baby...😶 I said nah, no human can be that desperate and sink that low 🤔 dam

[@mohamedabdourahman9845]

@@luisguzman-bc1mk sperm jacker are worse bruh

[@BassForever44]

@@luisguzman-bc1mk i think it was tennis player Boris Becker who was victim of that by a russian top model 😅

[@menaseven9093]

Adrian Peterson wasn't financially literate and had low self-esteem. That is why he spent his money on expensive luxury items and have 7 children with 5 women. Robert Kiyosaki teaching is clear and simple, rich people buy assets poor people buy liabilities.

[@BassForever44]

As much as I disrespect Kiyosaki he nailed it

[@Stoneface_]

@@BassForever44 why you disrespect Kiyosaki?

[@nordan00]

Probably illiterate in a general sense, too, but pretty good at abusing toddlers by beating them with tree branches!

[@robswonger4913]

That was the only concept I really disliked Robert pushing. He wasn’t wrong, BUT if no one bought liabilities, there would be a SEVERE reduction of rich people, as well as some middle class and even lower class jobs and income. Monetary circulation is key.

[@cbazxy2697]

In such videos rich definitely don't buy assets

[@keatonmoore7413]

Man.. you’re brutal with a sense of humor. I love it

[@Stoneface_]

@@larrybird4812 clown 🤡

[@ninjablack4347]

"The only thing you can't do is make Dan Blizerian's ignite company profitable" Shots fired!

[@ukasxm8245]

Running backs have it the worst unfortunately, so many of them fall off so quickly due to the roughness of the game and they simply get released from the team.

[@zay_gzs5635]

Truth because they're getting tackled pretty much every time they get the ball they don't last very long and they're very expendable

[@Kharmatos13]

who cares, they still get their signing bonus, it ain't hard to take half of it after taxes and put it in the stock market and let it sit.

[@akin242002]

@@zay_gzs5635 Also the hits from picking up the blitz during passing downs. That adds up too.

[@ronkali5365]

@@Kharmatos13 You should see the Bus video, it took the Bus for ever to walk upstairs in his home after a sunday game.It's not until late friday he starts to feel good then sunday game time again.I haven't see that video in years

[@michaelrodriguez9685]

But he still had 100 million and spent it

[@Kharmatos13]

they only care about losing all their money AFTER they've lost their money. they've got people yelling at them all the time to invest some of the money and they don't want to hear it.

[@tomlxyz]

They got people telling them all kinds of things, including investing in sketchy things

[@brotherLee340]

You forget that AP was supposedly swindled out of a bunch of money from shady investments and advisors. Unfortunately athletes are easy targets for athletes. Even Drew Brees went thru a bad stretch

[@TomNashTV]

The joke was amazing

[@DM-lm5lw]

Dude is broke just like us...hell yeah it is amazing

[@uvwxyzero]

@@DM-lm5lw he still has more money than you

[@DM-lm5lw]

@@uvwxyzero he still has more money than us 😂😂😂😂 dont act like you are rich..you are reading yt comments,so yeah...you are broke like me 😂😂😂

[@victoramogu3708]

Exactly. Immediately I just said wow Spence that was a good one.

[@seeno1]

Ugh it was a sub par joke at best.

[@shynessbreakthroughcommuni826]

Indeed, it is sad when these millionaire athletes lose so much money. But then again, even rich athletes have never been trained in finances. Thanks for the interesting video! We can see that this area is one of your strengths!

[@odomisan]

I feel sad, but I don't feel sorry for him. He had his chance and he blew it.

[@eneco3965]

He blew it way more than once, if you know what I mean

[@startingtech3900]

hes a dude we cant be stopped lol

[@gold6759]

@@eneco3965 is this a gay joke??? I don’t get it

[@bigheadmanning5807]

@@gold6759 it a cocaine joke

[@georgeskhater487]

@@gold6759 it's an everything joke

[@dtfasedemi]

A problem many of these guys have is that they refuse to downgrade their lifestyle. They still live in big houses, drive expensive cars and party and spend a lot even though they're broke

[@DavidJohnson-dp4vv]

Can they really downgrade their lifestyle if they can't sell their house, cars and they still have to pay child support with the amount they made in the past. The only solution is to wear a condom and poor that seed in the toilet and flush it.

[@MrLuckytrucker21]

And make too many babies!

[@darkpoetik5375]

People like Adrian Peterson make me feel better about my life...At least I didn't go through as much money as he did....

[@donaldmorrison9940]

I love how frustrated you get at the terrible money management. It’s pretty annoying to have so many ideas for business rattling around in our heads and people are bouncing around with millions and can’t manage to invest 20% of it.

[@JoeAllenCarnivore]

As many baby mommas as you do touchdowns 🤣🤣🤣🤣 SAVAGE!!!!!

[@investinstyle-financeinves1181]

Adrian Peterson didn't go broke because he bought silly things. He just couldn't keep it in his pants.

[@JsPerspective]

Very true, very true👍🏿

[@JusdoinstuF]

how much is child support? 1k a month for 18 years is $216,000. Paying that for 7 kids is 1.5 million. He could afford that easily. he probably was scammed or blew his money on dumb stuff.

[@kurtiscommerce1092]

@@JusdoinstuF his child support was much more than that. I would imagine it was over 70k a month

[@JusdoinstuF]

@@kurtiscommerce1092 well that would be a scam then cuz no damn kid needs 70k every month

[@kurtiscommerce1092]

@@JusdoinstuF multiple kids and it’s based off of ones income. Is it silly? Yes. But he is just as silly. One kid by “mistake”? Okay... I’ll give you that. But multiple... and continuing to not learn from your previous “mistake”? Zero sympathy. Just another clown

[@marcsman07]

"Invent a new meaning for raising seed capital" Lol I nearly choked on my water hearing that.

[@DakaloMooi_05]

Everytine I watch these athlete financial videos I wish one of em would actually watch these. Just maybe I wouldn't have to keep seeing more and more black folk going from millionaires to bums.

[@mohamedabdourahman9845]

There was a former minor league player who reacted to Spencer's video.

[@RecklessRusty]

You'll never hear about the ones who are smart with there money. That's not interesting.

[@MrGrace]

@@RecklessRusty its very interesting. But these outlets don't seem to think so. Not enough to highlight them more. They'd rather push the idiots who are loud with their money.

[@MB-nb7yq]

@@MrGrace definitely

[@mikesnodgrass3618]

I think it was Marshawn Lynch. They said he never spent a dime of his NFL money.

[@JoeAllenCarnivore]

Dan Bilzerian can’t catch a break 🤣🤣🤣🤣

[@pricejuice]

Low key I did not know Shawn Bradley was paralyzed from a car crash 💥...... wishing him the best!

[@JackDuffley]

"Raising seed capital for her business" lmao jeez

[@jazzy_jay]

Some people live off of what AP pays a month in child support. That is absolutely ridiculous. However, it's his fault for not protecting his seed.

[@safirestarlite]

I'm not one for sports, but I always find finance and behavior going hand in hand, which makes me find these videos very entertaining. Keep it up!

[@HeyKamal7]

Yes. Once money starts to pour in, All athletes do is date models, buy mansions, luxury cars and all kind of reckless spending. This is indeed behavioural issue.

[@BassForever44]

Same here

[@JB-kx9bx]

Man if I made $100 million I'd have half of it in an index fund mirroring the S&P 500.

[@jamesw9250]

Invest in WFG!

[@jamesmayden2155]

...after you gave uncle sam %45, and another 21% for the "jock" tax that you'll have to pay in each city that you play in...🤑🤑

[@matthewblair6763]

How you think rappers like jay z and dr Dre became so rich investments because you won’t stay young and peoples taste for music changes like hinder said what you gonna do when life don’t feel like before nobody’s beating down your door

[@Jefff72]

I have ocean-front property for sale on Kepler-452b! I bought it with the riches from the Nigerian Prince.

[@oliviap469]

Net operating income doesn’t take into consideration numerous things. If you code something to special projects- leasing office furniture, new fitness equipment, parking lot repair, new irrigation system, etc. this does not take away from your NOI. Anything coded to special projects is generally an expense of 5k+. This adds up quickly. NOI doesn’t mean a lot in numerous circumstances.

[@akhilvalluri6354]

Man, love the increase in sports financial content. This is your field to shine!!

[@captainobvious90]

I heard somewhere that Tony Parker is trying to educate fellow athletes about financial literacy, I hope the younger guys listen to his advice

[@billyfly2919]

Love the Dan Bilzerian shade.

[@briannk3720]

The Bible says, “Open rebuke is better than secret love. Faithful are the wounds of a friend; but the kisses of an enemy are deceitful” (Pro. 27:5, 6

[@wendellgreenidge3362]

Funny

[@Thecultofwrestling]

Adrian Peterson is the best running back the nfl ever saw. He is not a smart man though.

[@thejamnasium6447]

Walter Payton exists, ya know

[@justindchaney]

Barry Sanders?

[@joejackson9986]

Are you kidding. Dude isn’t even in the top 10. Emmit smith, Walter Payton, Barry Sanders, Jim Brown, etc.

[@Thecultofwrestling]

I will literally fight you over this

[@whooptywoo1399]

@@ThecultofwrestlingI agree he was a pure monster

[@DanteTheSimpSlayer]

100 mil is literally spending a mil from your birth to your death a year. and if you don't live to a 100 years, you have leftovers for your kids financial future.

[@billyfly2919]

For some reason, this video is not under uploads. But is in the playlist "KZbin Financial Advisor."

[@ngsmith22]

You should do a video on Antonio Cromartie 13 kids with 9 different women lol he even has 4 baby mama's living with him and his wife in a big house

[@liveesunflower]

You have got to be kidding me lol

[@MikeBNumba6]

I remember the jets gave him extra money in his contract for his baby mommas. They paid him $500k in advance just to take care of his kids lmfao. What an idiot

[@40BallMilly]

Geeeeeeeeeeeez lol

[@akin242002]

@@MikeBNumba6 They had a psychologist talk to Antonio about his sexual issues. The psychologist found out he cannot tell the difference between lust and character/personality love around women.

[@zkiiffs9]

He had a vasectomy and still had like another 3.

[@jasenwm]

Two things that will make you broke overnight.. Divorce and children

[@one-eye1721]

Lebron did it the smart way. He got the people close to him trained and qualified to help run his business. So the people he trusts the most are working for him and not just sponging off him.

[@starmorpheus]

The funny thing regular people that criticize athletes or celebrities that go broke won't understand unless they came into a lot of money. Look at how many lottery winners used their money wisely. It's just common for people who either were in the middle or lower class to view money as something to get rid off as soon a possible.

[@ebonylady]

No, alot of successful had to scrape buy in order to reach our goals so that first wave of money went to a DP on a house along with student debt. Playing football and going broke isn't the same as someone becoming a neurosurgeon.

[@starmorpheus]

@ Good thing I didn’t mention Neurosurgeons. We’re talking about people that came into money extremely quickly (ie sport stars and lottery winners). People in STEM that are high earners spent many years getting there, hence why they don’t lose their money almost ever unless drugs and alcohol are involved.

[@ebonylady]

@@starmorpheus ANYONE can lose money. These same broke athletes made fun of Eli Manning because he drove a basic car. I used neurosugeon because STEM workers tend to get a huge sign on bonus and it's not a small lump sum either.

[@starmorpheus]

@@ebonylady You look at the statistics, I’m not arguing with you. Lottery winners and athletes go broke MUCH sooner than any other high earner. Of course anyone can lose money, but the numbers don’t lie. If you come into money quickly, you tend to lose money quickly.

[@ebonylady]

@@starmorpheus That's what happens when you base your entire life off sports or lotto winnings. We chose to gamble the right way and won.

[@gildedpeahen876]

I'm from Minneapolis and AP used to come to our club all the time and buy EVERY person (including staff) in the building a shot of patrón .... He was really nice and always respectful of us girls, I hope he gets everything in order.

[@bruno5760]

How much did that cost ?

[@gildedpeahen876]

@@bruno5760 thousands of dollars 🙀

[@TonyMoze]

Spencer, your subtle humor jabs are getting better and better!!!!

[@LimaFX]

yea I would avoid Minneapolis for now...

[@clementine9187]

forever

[@shanejohnson5802]

Money don’t make the man. The man make the money!!!!!

[@AAVVVAAADDAAAKAAADAVRAAA]

First word people need to learn when they get money is NO......unless you get a return on YOUR MONEY don't give it out..unless a person was there with you every step of the way don't give YOUR MONEY....YOU DONT NEED 6 HOUSES OR 20 CARS.....

[@Lexio3031]

BM: He gets my son in the summertime AP: You mean “our” son right? BM: …………. AP: YOU MEAN “OUR” SON RIGHT?

[@antoniovivan6174]

The flat delivery of the jokes is brilliant

[@dehash666]

My favorite is Haagen Dazs, just to let you know:)

[@AdventuresWithMe00]

"It's easy for us to mock and laugh at the athletes who lose this much money..." Yes, it is. ha ha ha 😂

[@chineduenwere465]

every athlete should hire spencer as there financial advisor.

[@stephenbarnes9096]

Seed capital! Such a way with words!

[@classicsportsgames]

its always sad to see family and friends taking advantage of these athletes, especially when theyve been taking a beating their whole career to earn that money like football players do

[@ninjablack4347]

The biggest mistake is the mindset that if takes years to make it will take years to spend. I can spend $100 million dollars in six months if i tried.

[@terencejones22]

No way you could that's a 100 million we talking about about now

[@perryanderson5642]

@@terencejones22 I Agree with you. Meaning, Yeah- People like us couldn't spend that much fast and feel Positive Results from it. On AP, I Love the Man! OKLAHOMA SOONERS Fan too here. I met ADRIAN PETERSON at the Ritz Carlton. He was nothing but Class.

[@blackmantis3130]

@@terencejones22 you can

[@tomkat_Kansas]

Mike Tyson "Hold my beer"...broke after making $200 million...

[@lonemaus562]

I remember being like 7 and already having the knowledge of knowing that if I had money I would buy my favorite restaurant because not only would I get free food but It would make me money so I would not have to work .. crazy how dumb these athletes really are with 100 mil..

[@ren17x50]

Restaurants aren't big money makers for the most part. They can be but most go belly up in 3 years

[@johnk8936]

It cost at least $250,000 minimum for a child to grow without health complications from age 0 to 18, but with their life style it probably cost more than million or two per kid.. no wonder they go broke after they retire from their career.

[@georgewoodget271]

All these Baby Mommas..When AP calls them on the phone, he has to keep all the Baby Mommas Straight and not call them the wrong name.

[@AnderAriz99]

Cool video Spencer, but please keep reacting to the GQ My first Million videos, those are which I most enjoy watching. Greetings from Spain.

[@gwappo4852]

And remember guys always flush the rubber down the toilet or either take it with YAH! 😉

[@isaiahhosley3293]

That explains the Odell and Kim situation pretty well my guy. He left her after she talked about his genes being perfect match for her. I see why my bro Odell did what he did and walked away

[@floridagator1765]

Moral of the story: THINK with THE RIGHT HEAD BRUH!!!😳

[@danithaman4610]

Can you do a video on an athlete that took all the right steps?

[@jonossell121]

Jamal Mashburn

[@rodrickchiwundura2588]

The script writing just keeps getting better over time

[@dennisddiamond854]

It’s not $100 mil after tax. It’s more like $60 mil. Then, agent fees and various other service fees to cover his pro sports needs. Still, he really blew a lot of money.

[@John-xc2qn]

It’s amazing how money makes money

[@qbcomicaddict2590]

Subway isn’t the best investment advice looking back 😂

[@mynameis8211]

It's interesting how even "rich" people are still bad a finances. Financial stuff isn't something that really taught in America(at least idk anyone who knows what there talking about".

[@csd8204]

There is a smugness to these types of videos that can't be missed.

[@jamesferguson768]

Love your channel man. GO HOGS!!!!

[@rudyando]

Funniest video yet. Found you the other week and been binge watching ever since. Awesome work. Thanks!

[@obie1coby]

Bro your material is on 🔥

[@paidtourist6563]

Never trust a person who shills bitcoin when XRP is "the one."

[@growmiegreenthumb8025]

The one in court lol

[@whatta7793]

That Ignite burn though lol, just found your channel yesterday and I'm loving it

[@GoodNWellOff]

Bless you Spencer you be dropping the sauce! I can't believe you held out on a brother man haha

[@ChrisCardenDrums]

So half went to taxes, 5 percent went to agents/lawyers etc, half of what was left went to women, then lets say he spent 5 times what the average person makes in their life during their life on consumption. He'd still have 10 million dollars left to invest, and that isnt counting endorsement money.

[@sammmyDaviS]

Love your vids bro ❤ 👌🏽 💙 🙌

[@theyjustwantyourmoney4539]

Bumping into big money without even basic financial education like most lottery winners

[@jimschleich8753]

Great video! AP has always been fun to watch on the field. But kinda painful to watch off the field. My opinion is his talent got him too much leeway too early. My theory on his fumble-tude is that when his HS coach told him to carry a ball at school, and other players would try to get it (a standard response to fumbling), AP said "I ain't doing that, I'm AP!" Coach backed down, AP fumbles to this day!! And the TIMING of the fumbles!

[@imarriedabrkfsttaco3737]

MC Hammer went broke making 50 million a year because he allowed a sht ton of hangers on to bleed him dry. At one Hammer concert,Arsenio Hall asked a young man from Hammer's entourage what his job was. "Hammer said I could just stand here on the side of the stage."

[@rogadat7145]

I know a guy who was a pitcher in MLB right our of high school. Made millions, now he is living in a 1 room efficiency, lost his family, hooked on heroin, and to earn a few bucks here and there does scrapping from craigslist

[@dehash666]

Do you think it is a good idea to buy apartments for cash? I was watching Kiyosaki videos and he was recommending to use a loan.

[@georgeskhater487]

It really depends on the interest in the loan/ how much interest you can get from your investments. If you can get a 5% loan and your investment make you 10% than yes definitely get a loan. But I it's a high interest loan then maybe you just pay it in cash

[@ChiefKene]

Lol it almost feels it was personal.... almost 😂

[@Kubwayo10]

My older brother always say a man can have a strong body but weak mindset. But a man with a strong mindset can also have strong body. People work on your mindset because lack of knowledge leads you nowhere other then hold you back.

[@truth.speaker]

Never buy a Subway franchise. Ever

[@kovarcoley8418]

It's funny you say that I used to work at a subway, the owner had to franchises and both went out of business due to low profit margins.

[@truth.speaker]

@@kovarcoley8418 same

[@monicdavis6150]

Smdh by now everyone should be watching American Greed and getting good investment advice.

[@projecteli_]

Athletes need to take notes from Gronk

[@arthurdietrich5182]

If AP is broke, I hope his kids at least got his athletic genes , so they have a better chance to succeed in life.

[@mightquinnable]

I once heard a pimp say “that’s what you get, having kids by the football number or nba number but wondering why you are broke is what you get”

[@abuferasabdullah]

Extremely good episode 👍🏼

[@bartsullivan4866]

Spencer made such a great point. If you were such a star player and had some of these small restaurant bars or fast food places why wouldn't you do a once a month jersey and autograph signing. Or have multiple players come for lunch. Imagine how much beer and liquor you would sell. Instead of appearance fees just tell each patron to buy a drink at the bar and you can meet the players. I can think of several really big name players like Johnny Unitas who tried owning bowling alleys and small businesses and failed because of having bad managers people he trusted but didn't know how to run a business. So you do need the right people to run those operations. If they cash flow was positive for all these business I think you would just want to be the land lord and let the people running the place continue to operate as business as usual. If it ain't broke don't fix it just promote like Spencer said. Loved this video.

[@nickhayden2299]

Dude just adds to the stereotype lol. Sucks to see such a great player make poor decisions but were just human.

[@kashfortheking]

Giving someone who has no idea what they are doing the keys to a rocket ship. That’s basically what happened here.

[@Mcdavidsburner]

😂😂😂😂😂 Dan got thrown under the bus early damn💀

[@kenxiong6830]

Too many baby mamas is common amongst African American athletes. AP just tryna catch up to Cromartie

[@brandonmoore6521]

What about phillip rivers

[@kenxiong6830]

@@brandonmoore6521 that man has his kids with one woman that he’s married to. I’m pretty sure Rivers knows the names of all of his kids. Not the same case for these other guys.

[@brandonmoore6521]

@@kenxiong6830 😆 Lemme guess a black dude took yo girl🤣

[@brandonmoore6521]

@@kenxiong6830 🥒🥒🥒

[@kenxiong6830]

@@brandonmoore6521 definitely not. It’s just the truth whether you want to believe it or not.

[@JB-kx9bx]

Lebron and Tom Brady are the opposite of so many pro athletes.

[@heinzbucksandcastle2053]

These guys have great agents and financial counselors. The NFL should mandate structured payments for life so they have income after football. Oh, and don't get the girls PG!

[@michaelbrandon1222]

Start your own brokerage, show them how it's done Spencer!

[@sirloin4372]

I’m from MN I’m not a Vikings fan but I really enjoyed watching him play. Go STEELERS!

[@Spritegod07]

As a black man we have multiple baby moms bc black can’t keep men and stay on bs whole time

[@randaloopy]

As a MN guy & Viking fan we know all about AP aka All Day. (and All Night you know what)

[@MrGHawaii]

Hook Em Horns. I wrote a book about going to UT Austin.

[@shawnschwaner8583]

You cannot get access because you are not able to get through the NFLPA. It is stringent and the requirements are beyond what most can do.

[@chozo914]

As a lifelong Houstonian it's so neat to hear about ur time running into Peterson near Richmond 😂