John Salley: When Do Greats Have Time to Be Good at Finance? Muhammad Ali Went Broke (Part 13)

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In this clip, John Salley highlights how it's challenging for athletes who spend their lives honing their athletic talents to become adept at managing their finances. The conversation touches upon the financial struggles of some great athletes, such as Muhammad Ali, who went broke, while underlining the prudent financial choices made by others, such as Rashard Mendenhall, who understood the brevity of his sports career and hence spent judiciously. The conversation also brings to light the lack of business and investment discussions in NBA locker rooms, where the collective worth is enormous, and athletes could stand to learn from each other's financial experiences. Vlad points out a need for a shift in mentality where athletes are encouraged to make sound investments rather than extravagant purchases. Salley seems to agree, advocating for instilling a culture of finance and investment in the NBA circuit.

[@paul734]

Grant Hill having parents who went to Ivy League schools, being corporate execs helped him do well with his money.

[@newelldavis1858]

He also is real chill by nature ..had a real strict upbringing ..u weren’t going to catch Grant in ANY wild situations ..got married early..he was different ..

[@dirtylaundrymedia]

Nobody in these comments ever been in the shoes of a Sebastian Telfair so please stop the whataboutisms.

[@TerryStewart32]

All we can do is wish him the best and hope that maturity will bring himself wealth and happiness

[@mindovermatter1462]

This is America, 'Freedom Of Speech', WHATABOUTISMS Help Sometimes.

[@davruck1]

@@TerryStewart32where’s your millions l?

[@dirtylaundrymedia]

@@mindovermatter1462 yeah free to say dumb shyt. Carry on.

[@machomusprime50]

​@@davruck1Positive comments offend you? 😂😂😂

[@user-Tripleggggggg]

15:08 “yall got here on a bus I got here in a helicopter” 🚁- Kobe 😢😢😢😢😢😢😢😢woah

[@jasondalton5738]

Vlad you really got to let your guests talk man

[@kennethemenike1597]

It’s a habit now so it is what it is

[@savas6985]

He intwreupts them everytime it so annoying

[@jefferykincey3907]

Exactly!!! Someone please tell him that!! Smh

[@poindexterdj]

Ali went broke because he was banned from the ring in his prime and legal fees. Not because he spend foolishly.But he never went broke again once he returned to the ring.

[@tombondcrispy6585]

They're not the brightest bulbs to begin with

[@davruck1]

@@tombondcrispy6585better then you. Where’s your millions?

[@talibdavis2345]

Agreed

[@deneenmorgan9119]

I heard he built a Mosque 🤷🤔

[@KD400_]

No its because he gave it away alot

[@paulpetersen-iu1he]

That's why you need to keep your circle super small. And if you're successful, you don't have the leeches. Because if they weren't your friend before, they probably don't need to be your friend now

[@delvinjenkinssr7470]

@DjVlad I’m need you to stop over talking the guess!!! You killing me!! The guess faces be so funny!! 😂

[@vladtv]

Watch the full interview now as a VladTV KZbin Member - kzbin.infojoin

[@QuietStorm93]

The regular person doesn’t have an off season

[@user-be7tc2bd6e]

AGREED. And well said,we work year round. These pro players have never worked a day in their lives,most everything has been given to them. Grades in high-school and college,money in college. Any time they've broken the law,they get out of it or a pat on the hand.

[@tombondcrispy6585]

Truth bomb

[@davruck1]

@@user-be7tc2bd6ethey work harder than you. Where’s your millions? You’re just another mediocre white person

[@angelmatters7648]

They work way harder than a regular person. That’s why they’re not a regular person 🤦🏾‍♂️

[@user-be7tc2bd6e]

@@tombondcrispy6585 Thanks.

[@ericzoo6342]

Howling Wolf, James Brown, Ray Charles showed the way on how to be frugal, invesest wisely and own the rights to the product (yourself)

[@mindovermatter1462]

Getting Older By The Interview. Salute Legend, Older & Wiser.

[@ProKay305]

Can’t feel sorry for someone who makes millions of dollars playing a game and blows it. This is rich people’s problems, the problem is these dudes never had to work like a slave for minimum wage for years getting paid 10 to 11 dollars an hour and having to work two jobs or crazy overtime just to make ends meet. Bottom line if you blow through millions after three to four years and then your broke that’s your fault, they never understood the value of a dollar basically.

[@davruck1]

So you’re envious. Stfu

[@zopound7688]

💯

[@Infam0usKiller]

Exactly. Fuck these idiots ,their problem nobody else

[@drtij_dzienz]

HENRY: High Earning Not Rich Yet

[@cadencarlisle3772]

THIS comment right here. 👏👏👏👏👏👏 Exactly 👏👏👏👏

[@fibonacchis368]

Sebastian Telfair was 18 fresh out of highschool what you expect whe you got grown adults twice your age depending on you and not guiding you

[@talibdavis2345]

Great point!!

[@machomusprime50]

Exactly

[@newelldavis1858]

He was a project baby wit a project mindset ..not entirely his fault but he should have learned something in the process ..instead he kept doing project 💩

[@TyWerks]

Facts these comments are dumb ASF. At 18 you're not thinking 20 years ahead

[@quanbrooklynkid7776]

Yea ​@@newelldavis1858

[@princeali1786]

Ali was worth 80 ply million at the time of his death - trust me - he was NOT broke. Ali never ever struggled but he did have to build it up a few different times and do you know why ? Because he gave it all away. From family to total stranger’s Ali didn’t care about money. He cared for the people and if you asked he would give it .

[@user-Tripleggggggg]

Tyson net worth was 500 mill and went broke cuz he took care of people like Ali did. It’s possible. 80 million ain’t shit

[@princeali1786]

@@user-Tripleggggggg Bro, 80 million ain’t shit ? Cmon, you really didn’t just say that. Katt Williams is worth 6 million Dave Chapelee around 40 million - and “At the time of Ali’s death” it was reported his worth of 80 million it could have been just that or a lot more. 80 million is a very large sum of money and if you foolishly want to pass on it, that’s cool but I would gladly accept it any day of the week. Tyson peak was 750 million- let’s not forget that wonderful honest - “Dirty Don” ripped him off more then of Tyson given it away. Dirty Don is a serpent and he will pay for his disgusting ways. Peace

[@user-Tripleggggggg]

@@princeali1786 obviously u don’t understand money, taxes, family, life, mishaps, and livelihood. The more money u make. The more u began to understand money. They don’t tell u majority of rich people go broke again at some point. Look up how many rich people commit suicide yearly becuz they went broke/. It’s very common amongst the rich and wealthy. U have prince in your name so I’m gonna assume your young. The older u get u will understand that 80 mill not shit. 250 mill not shit. 600 mill not shit. Becuz the more money u have the more is expected of u. The more money u have the more people work for u that u have to pay… the more family u will have to take care of. The more women will be out to get your money. The more IRS agents will follow your money and want a bigger cut. U will understand sum day. Just keep climbing the ladder.🪜

[@princeali1786]

@@user-Tripleggggggg - - Ah, I guess - ok.

[@matthewgrice6902]

Thanks for the video.

[@keithc708]

Glad never lets this man get a full thought off . Constantly inserts himself into everything and changes subject etc . Shows how self absorbed he is . Like a 21 yr old .

[@AlonzoDejean-ll8hb]

You got 100 million what you mean you don't have nothing to do?? You rich you can do everything

[@talibdavis2345]

Tell me about it 💯

[@flyguy7825]

Well that depends on what you mean about do everything. If you have 100 million in the bank you should be doing everything you possibly can to protect that

[@EX001]

FR!!! They just got small goals. They always had it.

[@sycomantz]

Everything gets boring after a while if you're able to do it enough/have access

[@AlonzoDejean-ll8hb]

@@sycomantz true

[@ogbc100]

I understand it’s “vladtv” but cutting ppl off like that to tell someone what you HEARD is disrespectful

[@user-mk9oy3io9s]

Especially when there's an inside source infront of him

[@jarvisjohnson8476]

Vlad always be throwing slick shots a ppl

[@guccimane979]

Well u can always go to school to learn about finance on your off season or hire someone to come teach u about finance

[@davruck1]

If whites are so intelligent why can’t they create a financial system that is fair? Funny how you yt folks always support elites

[@flyguy7825]

I agree with you for the most part but you don't even have to necessarily go to school. You just have to be smart financially All you need to do is hire a finAll you need to do is hire a financial planner or financial advisor That is reputable and that has a good track record because if you don't then chances are you ain't protecting your bag

[@drtij_dzienz]

90% of personal finance is spending much less than you make. Investments and whatnot is after you can do the first part.

[@billclay9489]

Always had respect for Kobe. After hearing about his drive from a player in this fashion. i got MAD respect for him.

[@TutStore]

Three long ass flashbacks in one single video

[@CalvinPerkins-uj2bt]

😂😂😂

[@smokingONsumDRO]

I fckin hate flashbacks i wish i could block em

[@CPTZK11]

​@@smokingONsumDROyou can fast forward bruh

[@rellyWrotethat]

skip them

[@forzatuner3916]

Bla bla bla bla... Ever heard of taking personal responsibility for yourself, your actions and your choices?

[@tombondcrispy6585]

Rich people problems

[@antneybomo1922]

Vlad talking about black athletes going broke but, no mention of white athletes and rock stars who go broke as well.

[@comeonna9361]

Whoa. 21 mins vlad? Niceee

[@RolandBullock-ej8wl]

Us normal folk are broke because we have a guy in the comments meaning pedestals and spelled it pedal stools 🤣 This can't be life lol

[@arthurswanson3285]

😂

[@TkKirklandReal]

You can be good at Money if u are smart. Many athletes are not smart, many rappers are not smart. Popularity and fame doesn't make u smart . I told athletes this to their face ...

[@Jaybills84]

I would replace smart with informed.

[@TerryStewart32]

Exactly! I wouldn’t describe 50 Cent as intellectually smart but he is streetwise and has sufficient common sense to employ people who are Harvard graduates to help him out

[@davruck1]

Where’s your millions?? Stfu

[@davruck1]

@@TerryStewart32you’re gullible

[@TerryStewart32]

@@davruck1 why do you say that

[@schawnettarobinson8584]

So true ❤❤❤

[@ptownhogg]

Finally someone tells Vlad that his idea of ball players talking money moves just cuz they have millions is crazy. It’s just any other job!

[@RolandBullock-ej8wl]

But in all seriousness....Vlad finally has a snippet that is impactful and important 🙏

[@flyguy7825]

I've never heard in my life that Muhammad Ali went broke. Not too many great all-time great athletes, especially ones on petals stools. Go broke. That's just the misnomer. Mostly the people who go broke are the players who never truly lived up to their potential. They're the ones that majority go broke. Not the all-time great

[@user-Tripleggggggg]

Mike Tyson had 600 million. He said he just got out the hole for 60 million in 2018. Floyd Mayweather constantly fights because he understands how much his lifestyle cost and even at 50 he still fighting. Ali did have financial struggles becuz he helped a lot of people and liked to live nice. Lawrence Taylor arguably the best football player of alltime Went broke. Terrel owens lost over 100mill in bad investments… Allen iverson made nearly 200 million and still went broke. Evander Holyfield at one point went broke. So don’t think cuz somebody is top notch they can’t go broke. Maybe Lebron Jordan Kobe and a few others but many of top notch guys went broke

[@machomusprime50]

Sal wearing that hat like Adebisi....

[@diegotheyorkie1420]

😂 I used to always wonder how that shit stayed on his head…let me go rewatch Oz again 😂

[@machomusprime50]

@@diegotheyorkie1420 🤣🤣

[@MrJAV90]

Kobe bragging to players about flying in helicopters....... 🤔 Ummm 🥺

[@bfuq]

They’ll never get it. To deep. It’s crazy to explain

[@MrJAV90]

@@bfuq it's the irony of it all..... considering how he died ....

[@bfuq]

@@MrJAV90 plus a cartoon of him dying in a helicopter. Plus plenty more. Gemeteia

[@dhowto3005]

Mr. John Salley.

[@Kinksgalore]

Isn't Gilbert a dad? 5 kids how was he bored for hours during retirement/basketball season?

[@blvdtrizzy5826]

His kids probably have their own life. I know his oldest son and daughter are pretty nice at basketball.

[@newelldavis1858]

Gil just a boring dude .he likes jokes and bball..but u need other people to enjoy those things

[@Kinksgalore]

@@blvdtrizzy5826 his kids are teens and the biracial daughter is 12.

[@Kinksgalore]

@@newelldavis1858 He could enjoy his time with his kids. Just like the kids enjoy being with mom.

[@angelmatters7648]

@@blvdtrizzy5826they weren’t into basketball at the time. I don’t think he had custody

[@marcusmoore711]

I am disappointed in the answer Salley gave. You don't have to be great at money to not go broke. Just stop doing dumb shit.

[@mikeramirez8108]

All that stuff John is saying about Kobe is all true for steph. The new nba kids from Kobe on had access to all of that stuff. In my opinion. You have to be really really special to make it to the nba if you aren’t an nba kid that has dreams of making it to the nba. Look at what Gilbert said on PGs pod cast about his son

[@clashnytech]

Veterans have the same problem getting out.

[@Dnero518]

Vlad is lacking with the flashbacks. We needed at least 7 more in this clip.

[@thehypocriticalcynic9182]

4:55 He cant mention wjite players... White atheles dont go to jail for guns or go broke?

[@b2dary890]

How did Michael Jordan do?

[@guccimane979]

Well they can always put whatever they want as your salary online but with endorsements and other things u will get money from like property’s and stuff they could never know well the public how much your worth

[@bignaf1875]

Kobe passed away. So I really can’t take people serious when they talk about him now. Since he passed away, he’s elevated on the minds of many.

[@THEREALLORDJ]

🤐

[@kareemquintall7023]

A 21 min video from vlad. Must of been an error.

[@stevenorth101]

John is a wise man but no reason can’t be good or average at finance if not the best. NBA players have all the resources most people don’t have

[@jayzee316]

I've always thought the rapper/actor/athlete is a dead end for the black community as a whole, those jobs are few and far inbetween, especially the top ones like a jay-z, lebron, etc. It's essentially a talent based lottery system, every black kid trying their best to be a rapper/actor/athlete is detrimental to the community as a whole, you add up oprah, jay/B, MJ, Lebron, magic, shaq, etc. you get what, 10 billion? maybe 15 billion dollars of wealth and they're not really spreading it around. What you want is 1 million black engineers, doctors, lawyers, accountants, mechanics, electricians, etc. That is 1 million x 80k-200K/year, even if you take 100k, that's 100 billion a year of wealth that gets channeled back into the community, then you raise your kids to do even better under better conditions, and there are what, 40-50 million black people in USA? getting 1million to be professionals whether blue or white collar isn't hard. I actually think the rap and sports narrative hurt black kids more than drugs.

[@Sinsirink]

Only people i kno complain after being blessed . Sports and actors

[@Smoovz]

Famous people in general just loveee to complain

[@jerricktaylor9075]

Muhammad Ali's net worth was at 50 million at his death. This header needs to check it's facts...

[@HollisRules]

Vlad is out of touch…. He has no idea what’s being talked about in an NBA locker room. Go talk to Ray Allen, Lebron, others who ARE actually investing and were or are talking about investing. Vlad needs to stop perpetrating old stereotypes for likes…..

[@youngcity4241]

Can’t even finish the video cause Vlad don’t let his guest talk I’m out smh

[@MarcusHuntley-jq2lj]

Michael Jordan seems to have done ok for himself. So did Dominique Wilkins, Shaq, Kobe's family/legacy, Gary Payton, Karl Malone, Derrick Fisher, etc. Only WEED HEADS like John Salley would BLAME THE EMPLOYER WHO'S PAYING GROWN MEN MILLIONS OF DOLLARS TO PLAY A GAME, and that's STILL NOT ENOUGH. You gotta help'em SAVE THEIR MONEY, INVEST IT, NOT WASTE IT ON JEWELRY, 4 CARS, 6 HOUSES, 7 BABY MAMA'S ETC. 🤦🏾

[@MrUnpredictable187]

John Salley is right you don’t have the time to focus on finances that’s where your other attributes come in at trust and put the right group of people around you to keep you successful but it definitely is hard to maintain all that.

[@CalvinPerkins-uj2bt]

This for professional athletes. Listen parents.

[@flyguy7825]

That depends. Did your parents sacrifice and help you get to that point? If that is a yes answer then yes you do that. But there are parents that have no problem taking advantage of their children

[@user-fb6lf3vl7p]

Salley, get your information correct. Ali, never went broke completely Herbert Muhammad's son of Elijah kept him financially safe.

[@ronald8071]

Vlad don't let his guest talk i can't watch anymore wow

[@Destroyer-Grizzly-BIH]

First thing most do is buy liabilities.

[@TyWerks]

Salley is correct you cant do everything

[@runninwildwithmilwaukeebuck]

Travis Scott is one of the best live performers of all time!

[@Malaki727]

Shoot i do just as i do now with my finances. I do it all myself. My own investment, and everything

[@albertgallanosa8600]

John sally ‘s look like I thought we talking bout me , why you. Got me here gossiping bout someone else

[@noeticcorleone1854]

Everybody to knows what to do.. when its not them..people have to understand there’s not alot of millionaires in this country especially that are black. The process is really learn as you go & experience in most cases

[@tjpopsit]

When there is an abundance of talent, do not expect an abundance of intelligence. The opposite is also true.

[@davruck1]

That makes no sense. Your financial system is a scam. It’s not intelligent

[@Thehandsomeliberal]

OMG! That Kobe helium comment didn't age well

[@tonyvalente]

The nation of Islam took all of Ali’s money. Elijah Mohammed wanted nothing to do with Ali until he seen he was an unlimited cash cow. Muhammad Ali actually wanted to retire early, but they kept pushing him out there to try to bleed every penny they could out of him.

[@AR-ze8hb]

Vlad is a Goofy!! No one else noticed how he try to throw a lil shade at the fact Kobe wasn't from the hood or, wasn't very successful at rapping? So tf what!! He's obsessed bcuz he doesnt come from that life hisself.

[@thaendofdabenchmedia3309]

Vlad you went broke , so at 19-25 why didnt you talk about that ?

[@nevertoolate7120]

No excuses. Dudes just slaves to their desires. They have all the evidence and history to be successful.

[@davruck1]

Where’s your millions?”

[@jaredgarrison333]

Didn’t Ali go broke from Being banned from boxing and fighting for his freedom?

[@mikhelBrown]

1:05 Ali was worth $30M when he died Salley.

[@SacklunchShacks]

Interesting that none of the ones who went broke didn't get an 🧾 Accounting degree, Business Administration degree, or a Law degree.

[@lamart3857]

Its funny that the guys considered to have the best work ethic(kobe,jordan) are both from the suburbs

[@arthurswanson3285]

Suburbs & rural areas are boring. Boredom can breed focus when constructively channeled. Focus can breed greatness.

[@lamart3857]

@@arthurswanson3285 but normally that drive to be great comes from living in poverty,not having the stylish clothes,being raised in the projects roaches and rats,smokers out back selling they mama sofa,when your dad's a millionaire you always have that safety net so I would say kobe and jordan are definitely the exceptions to the rule

[@arthurswanson3285]

@@lamart3857 Drive comes from inside, not outside. You dont need poverty and dysfunction to have drive, you need a dream and the environment to actualize it. Jordan's dad wasnt a millionaire, he was middle class. Kobe's dad was upper middle class (an assistant coach at Lasalle) but probably wasnt a millionaire either. I think they both just had a good family environment, good dads, and a dream (with no distractions like getting shot, drug dealers, etc). So a good, safe upbringing can breed the grounds for greatness. 9 times out of 10, a bad environment just leads to a bad outcome.

[@lamart3857]

@@arthurswanson3285 you sound like a goofy joe bryant played professional basketball for 16 yrs and you don't think he had 1M 😂😂😂

[@arthurswanson3285]

@@lamart3857 you sound like somebody who cant do math or read, or realize how much decades change pro sports payments. His nba career started in 1975 when the average player made less than 100k/year and his nba career ended in 1983, when the avg salary was 275K. All-Stars like Doctor J were lucky to cross a million a year in the early 80s. They probably lived comfortably, but its a stretch to say he lived crazy rich coming up.

[@ImgoneButUrstillHere]

Once again Vlad does the majority of talking while the guests sits there after being cut off

[@RobertLawrence-vg2to]

Where did John and vlad get their information? Ali at 74 years of age . According to Forbes he passed worth 80 million! That’s broke?

[@IG392ese]

I swear I get him confused with Jb Smoove

[@realtalk6195]

Hedge funds and banks are a liability. The last thing the NBA or any sports league should do is get into unrelated businesses just because players want a lifetime babysitter, bondsman and banker. The NBA already funds a giant parasite in the form of the WNBA which makes no money, which is another liability. If the players union wants to do that then it's fine but there's a reason why they haven't either because it's a liability that could ruin them. I do think every sport should have a fund to help out players who are literally on the street and can't afford day-to-day expenses but anything beyond that could ruin them.

[@larrydavidson9435]

Vlad should interview his self

[@marcusmoore711]

He isn't lucky. He was smart. Ali has somewhat of an excuse considering the time. Athletes these days don't have an excuse. Too many examples.

[@VoteForBukele]

Ninjas be fulla excuses. Read a damn book.

[@emmarentiabotha8335]

Most hedgefunds go broke...so why are we acting as if it's the best means to create wealth.

[@TheRealDeal1438]

Its very difficult to save your money at 22 years old!

[@thelandballin747]

They have time to party, so they have time to watch their finances.

[@jzw55]

Rashad Mendenhall still making money. Hey Vlad will u ever let John Salley finish a thought. Like bro u don’t have guests. You have occupiers that sit to listen to u talk. After u cut them off you add in a flashback

[@JEGlobalConcepts]

VLAD LET THE MAN SPEAK !!!

[@ducci42]

Michael jordan has alot to do with it too

[@adofominka8767]

Which God, Salley?

[@AlonzoDejean-ll8hb]

See what we worried about?? Who got traded 🤦🏿‍♀️🤦🏿‍♀️🤦🏿‍♀️ but cry break

[@entrepreneurcorner4146]

This is all simple. Every Person is conditioned in how they were brought up, what they do and so on. Vladtv had Robert Kiyoskai on and what he teaches: the school system is not going to teach deep financial literacy, just for people to get jobs. Athletes and Famous people are singled out because they making the most as: employees or self employed.. but it’s the same with regular people . People over the years don’t know where to look for financial literacy, they just go get another job or seek advice from people who don’t know deeply what’s go on… KZbin Fake by Robert Kiyoskai

[@hoopslaa5235]

I met MR Irrelevant one year- David Vorbora, turned out to be a not so nice guy, but he had his convertible sable when he was making a few hundred grand

[@jaye5926]

VLAD...I KNOW U READ THE COMMENTS...PLEASE STOP CUTTING YOUR GUESTS OFF B4 THEY FINISH THEIR THOUGHT 🙄 WAIT UNTIL THEY ARE DONE & THEN U CAN GIVE YOUR THOUGHTS ON THE SUBJECT SHEESH!

[@itshiho]

LOL just a bunch of excuses. Keeping track of your money is easy. I keep all my expenses in my head and know what's coming in and out without even looking at my balance. Accountants are even needed for personal accounts.

[@pearlz5793]

😂you ain’t even in this conversation 😂😂

[@wavelordmelly]

Maine ain go never forget Vlad got BtB Savage gone🕊️

[@Sinsirink]

32 100m and miserable 10:06 yall sehctib cry so much

[@natehardy3849]

There's a reason why Club Shay Shay is thriving and other people here have said it already. Shannon allows his guests to talk. What made that Katt Williams interview great,was that Shannon let Katt go. Vlad would've cut off Katt so many times

[@juan-josegarza7039]

I hate Vlad and his editors. Elude briefly to something (maybe 20 seconds or less). Cut to previous interview.

[@scottsimon769]

Last 🤬 💩

[@datsreal7953]

Bro getting pink eye or something..😢

[@angelrueda1648]

All Factz💯💯💯💯💯

[@kvantonio2001]

I don't feel sorry for Sebastian he's playing the victim always me woe is me nobody want to hear that like Joe Smith 60 million 100 million go broke no excuse East Memphis money on women jewelry and designer clothes that's why he lost all his money stop crying dude