Dave Ramsey Reacts To Adrian Peterson Losing $100,000,000

[@alexsteven.m6414]

Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.

[@MarcyLoccy]

Government policy has thrown the future under the bus for decades. The day of judgment is near. I predict an 80% drop in the stock market. Investors will abandon stocks in favor of real estate. There will be no money in banks... You must devise a strategy for survival.

[@jorgeHudson-h4h]

It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to over $750k.

[@belobelonce35]

Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.

[@jorgeHudson-h4h]

Rebecca Nassar Dunne is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

[@Tanner-c2m]

Thanks for sharing, i did a quick search and found her web page, i hope she responds to my mail soon

[@coachanonymous9073]

Respect to Marshawn Lynch for not spending a single dollar of his NFL salary and saving it all throughout his entire career and living off his endorsement money ✊🏽

[@bigchills7194]

Jay Leno did this too. Saved all his tv money and lived on his stand up cash

[@MansterBear]

EasyTonganSniper I didn't know that. That's awesome.

[@Platinum_Tugboat]

Wow man. That shows such insane willpower and intellect. I respect that sooo much

[@garyodriscoll7988]

I think Gronk did the same thing...

[@x1area51ii7]

So he wont get fine boss!

[@InvestingHustler]

The man was a millionaire living the lifestyle of a billionaire. Happens all the time wether you’re rich or poor be humble don’t buy things to impress people or friends.

[@mikenelson8377]

Investing Hustler exactly because where are those people who he helped? They’re gone and got what they wanted: money. Now AP is exposed and it’s doing a number on his mind and wallet, obviously.

[@kevoncox]

People don't go broke buying Bentley's at 100mil. It's his investments. People stole from him and chances are would have done the same for you.

[@JonnyBeoulve]

It's common to buy expensive things to impress people who don't care.

[@dandahl5964]

@@kevoncox he spent huge bucks on stupid stuff. Google what he did on his 30th birthday

[@kevoncox]

@@dandahl5964 You think spending 60k on a birthday party is why he is broke? Do you understand what 100 million really is? Again, He lost money from his advisors.

[@AK_Jesus]

Just goes to show that it’s not how much money you make, it’s all about what you do with it.

[@coniccinoc]

I have broke friends who make a lot more money than I do but, using Dave's words, "spend like they are in Congress". They think I am nuts when they see my modest home and zero debt life style. "Live like no one else so later you can live and give like no one else".

[@economiclifestyleinvesting9884]

Venture B. Well said my friend 👍

[@Smilemaker4u]

AMEN!

[@finallya5oh788]

100% correct

[@chris71388]

Ill trade income with Adrian Peterson.

[@CoreyWilkerson]

Mashawn Lynch banked his salary and only lives on his endorsements. He's super money savvy. When playing with the Seahawks the rookies would come to him for financial advance. Super dope for a guy that was raised in a tough part of Oakland.

[@killamatrix1]

He had high SAT scores went to a UC school

[@flch95]

Yes but he did it just so he wouldn’t get fined though.

[@tinateews9494]

Corey .l.Wilkerson He was smart due to life experiences and having good people showed him how. Where you grow up had nothing to do with it. There are plenty of well off people from Oakland Ca.

[@CoreyWilkerson]

@@tinateews9494 no doubt

[@alexjones28]

@vonzipperMD why cause he's black😂😂😂😂

[@Saiyijon]

Some people get caught up in the "look rich" lifestyle. Owning a Bugatti and a $10 million home looks cool on TV, but in reality, no one cares. If you make $5 million a year, don't mortgage a mansion that costs $15 million. Buy a $500k home and live comfortably.

[@AestheticBible]

You're speaking common sense

[@Ktjwk]

Are you always this stupid? Or on special occasions?

[@FuturePsychNurse]

Dan Kim What did you find stupid about his response?

[@bryanth271]

Typically, a 10 million dollar mansion is a decent investment due to appreciation however, the maintenance cost cuts into that, same thing with an ultra luxury supercar, they usually appreciate as well

[@douglassmith9445]

Actually, buy a house that has the right amount of space for your needs depending on how big your family is. This ideal amount of space is probably less than 500k in most places.

[@MyNameIsCorey]

I don't care if I got 5 bucks or 500 million bucks the only "guy" looking after my money is me....

[@Jdatruth]

You won with that statement.

[@kimjong-un5562]

Some guy told me long time ago , you have to watch it .

[@redcatsassociate]

But if you need help, let me know 😉

[@mosesdevadass6056]

MyNameIsCorey agreed

[@HamiltonRb]

@@redcatsassociate I don't think he needs help with $5

[@3_Degrees]

the ESPN documentary "Broke" is fantastic whether you are into sports or not .

[@kasession]

AMEN!!!

[@christopherhammond3664]

As are the vast majority of the 30 for 30 series.

[@soonermagic24]

My fav 30 for 30

[@hannahsenders6462]

We watched it in college for one of my accounting classes

[@dontundra2259]

One of the greatest documentaries. Learned a lot from it.

[@tomlee6263]

I was stuck on stupid for decades, but after reading and following your advice, I'm fortunate to be debt free now. Thanks and God bless!

[@albi5294]

Good for you! After one year I hope you are doing even better :D

[@llbigwave]

“You can’t out-earn someone else’s stupidity.” That should have been my thesis statement when I filed for divorce.

[@edwinlee2343]

This comment needs more "likes"

[@OG_Thanos26]

Why are you a millionaire taking out loans???!!

[@tylerboyles4504]

During the 2011 lockout ALOT of players took out million dollar loans becuase they werent getting paid. Not saying its smart but it's what they did.

[@bangladeshirealtor]

Lol u sound ignorant billionaires take out loans for a multitude of reasons , why wouldn’t a millionaire it’s called leverage but requires the use of it to be responsible

[@9doggie12]

Samin Alam no if you’re a millionaire or billionaire it’s stupid to borrow money lol

[@fingamersroup]

@@9doggie12 Are you a millionaire or a billionaire? Take advice from people who have achieved what you want to achieve not from random youtube troll.

[@austintomkewitz7206]

Millionaire taking out loans something smells like California xd

[@charles21sas]

I personally know AP. I am saddened at this and many people don’t know his personal life and expenses. He’s very kind and lost most of his money due to his kindness. Sad situation.

[@kbanghart]

People love to judge

[@mikehartford4163]

Should have put some money in dividend paying ETFs and been charitable with the income it produces and protect the initial investment

[@willelliott5052]

"You cannot out-earn your stupidity" is so true. People who mismanage their finances tend to do so on the scale of their earnings. Broke is broke, no matter what you earn.

[@losdiazgamefowl]

Thank you for what you do Dave. I’m 26 and met you when I was 21!! You’ve helped me out a ton!

[@mikenelson8377]

Game Fowl you are very, very lucky to have found him as early as you did. I hope you take him to heart, which I’m sure you will, and carry his teachings/wisdom out for the rest of your life.

[@coniccinoc]

lol, Good on you! Holy cow, if I could go back in time and tell my 20 something self one thing it would be to listen to Mr. Ramsey. Stay on your path, don't be like everyone else, amazing things will come your way.

[@coniccinoc]

I just don't have the words to express my gratitude for Mr. Ramsey and his financial baby step path. The difference in quality of life it has made for my family is remarkable. Banks must really hate this man.

[@ManchesterUnited1071]

Nah, for every 10 people that open the eyes on banks ripping them off there are 10,000 more that haven’t open their eyes.

[@coniccinoc]

@dachicagoan True but doesn't that assume banks are happy with taking from just nearly everyone? What they want more than anything is more and the few that follow get out of debt advice is directionally less for them. It is also possible my perception on banks is distorted and biased.

[@catlinfoster1683]

*nfl player* loses 100 million dollars *Dave Ramsey* “Breaks Ma Hart”

[@y_yy_2844]

(millennial pays too much for useless degree, has to work two gig jobs) Dave Ramsey: DADGUMMIT WHEN AH WAS YER AGE I WAS BLAHBLAHBLAHBLAH

[@rodneyfoster9719]

loses, not looses

[@blingdream8637]

Roger Staubach should be involved in teaching finance to nfl players. He's worth 600 million after giving most of his wealth away.

[@enigmathegrayman2953]

Blingdream Never knew about that.

[@blingdream8637]

@@enigmathegrayman2953 Yea dude went large into commercial real estate.

[@bargainhuntbricks420]

Of course he had to because in his day players didn't make what they do now. Not discounting his money savvy, just saying it was also a result of his time period.

[@MsJoyce31202]

@@blingdream8637 👍

[@blingdream8637]

@eli dakate A top shelf man for sure.

[@edb484]

I played against Adrian in High school. Guy was a legend and still is. After the game we stood in line to get his autograph. I hope Dave’s team reaches out to him to help!!!

[@jameshengel7127]

Stood in line for a high school kids autograph?

[@edb484]

James Hengel Yep, Football here in Texas is a religion No joke lol.He was the LeBron James of Football. He was 16-17 years old watching Cowboys games with Jerry Jones. Almost all other teams he played against Junior and Senior yr would ask for autograph. His school even had security just for him. It was real lol

[@chris71388]

I would never ask for an opponents autograph. Such a beta move.

[@edb484]

Drew Griffon Nah go look it up, google it, this was back in 03, you would have to be from Texas to know about the football culture here. This was also before social media

[@niceguy999918]

I wish I had the problem of having 32 Million sitting in CDs. Lol

[@JudgeDredd_]

@OCD Stig I still download the music I want from KZbin and then send it to my iTunes.

[@aaronesq]

One of my favorite movies of all-time is Rocky. One example is that Rocky signed a power of attorney to an accountant who squandered most of his hard earned money and Rocky owed the tax man a hefty amount. He couldn't be able to pay his creditors so he had to file for bankruptcy and Rocky and his family had to go back to where he first began his boxing career. In the later movies, Rocky learned his lesson and is more financially stable also owns a restaurant that bears his late wife's name!

[@charlie2b-d335]

That movie was ahead of his time! It showed the problems an athlete faces if too much trust is deposited on their family and friends. The worst part on rocky was when his brother in law confessed to him that he lost millions betting against him yet rocky forgave him.

[@wannabecarguy]

I know a pro ball player. He's broke. But he's a good teacher after it all.

[@panpluto13]

You almost touched on the problem, Dave. It's personal responsibility. A.p. is all about blaming others. The Vikings stood behind him during the child abuse scandal and even gave him a new contract to an over 30 running back with bad knees, a fumbling problem who, according to Favre, knew nothing from the playbook. After all that he still claimed the vikes never supported him. I'm sure he blames the mothers of his seven children. Oh I'm sure he blames other people for him riding in on a camel at his birthday.

[@solascriptura-e7t]

SMH

[@PInk77W1]

It’s the spending, stupid

[@SmallSpoonBrigade]

The thing about that kind of money is that it's not terrible hard to invest responsibly. put 3/4 of into a mixture of roughly 75% domestic bond funds and 25% of it in mutual funds that are tracking the market average. Do something roughly similar with foreign investments and you're probably going to be fine. You're not going to be maximizing growth, but if you've got that kind of money, you really don't need to maximize it. You could still lose half of the money and not have to work again.

[@shabazz7776]

It's modern day sharecropping!!! Adrian is not stupid. Black communities have been economically underdeveloped since the abolition of slavery. We were never taught financial literacy.

[@shabazz7776]

@Richard Dixon How can you be responsible to learn something you never knew existed??? Our idea of good finances at one time was getting a good job save a little money and or maybe hit the lottery. We believed the stock market was the real gambling and the lottery and playing the numbers was intelligent spending. Financial literacy was like life on Mars...we never knew it even existed.

[@freedomring3022]

I met AP. He is a tremendously super nice guy. Kind of guy that would give you the shirt off his back, which is probably why he is in this mess. I hope he gets out of it and gets back on track.

[@futuristic2930]

Freedom Ring beats his kid but is a super nice guy, right...

[@jerem101888]

@@futuristic2930 Dave beat his kids too. Admits it on ben Shapiro show

[@whitegoodman7465]

@@futuristic2930 if more kids were beat now a days, my generation wouldnt so full of disrespectful fucktards.

[@Omonike88]

@@whitegoodman7465 😂😂😂😂😂😂😂👍🏿

[@Bievahh]

I also met him while he and his kid were out getting dairy queen. Very nice and respectful man. Hope he ends up alright.

[@jjuniper274]

Musicians too. They don't watch their own pocket book! Sammy Hagar is a brilliant business man. Also Duff McKagan of Guns n Roses.

[@SmashKing17]

TLC got like 3 cents an album.. they got taling aadvantage of for years..

[@midnightisnice]

Don’t blow it Count your money Keep it simple

[@krinklemcwrinkle4741]

Ayeeeeeee

[@soonermagic24]

I make 250k with my wife, and we own everything. If I was him, I’d be living in the same home as when I were first drafted. It’s not difficult

[@ZacBaldwin_]

What do you do for work

[@brookswoodward7278]

Dont let others know your plans or what you have they will do what they can to take it away from you.

[@barbaraleszczynski2214]

Simple, sound advice!

[@DEHDON13]

1st rule I live by, never let anyone have access to your bank accounts. Never let anyone pay your bills for you out of your accounts.

[@askhowiknow5527]

I went to school with his cousin! I met him. It’s a shame how far you can fall.

[@ChicagoTRS]

Sounds like he needs to hit the autograph circuit...each time you sign your name they give you a $50 bill...nice life.

[@stuartross8284]

dude's probably already lined up a buyer for that gold HOF jacket

[@tcshy1903]

I think 🤔 he’s still playing. It’s crazy to me that I have more money than someone who has made $100M.

[@mosesdevadass6056]

AP sounds just like my Dad. Both are taken advantage of but it was too late for them to realize. My dad’s credit was amazing back then and his friends would use his credit but then it turned into him missing out on payments and those “friends” no longer talk to my dad.

[@johnjiii414]

It doesn’t matter how much money a person makes. I’ve learned over time most people are terrible with money. I’m not surprised anymore.

[@jamesjhonson4568]

The real problem starts when these pros sign the contract and get all these millions at once, family, friends put pressure on them for money and they start buying expensive houses and cars without realizing the true cost of maintaining those things, or basically stopping to think about spending the money..

[@wealthvsdebt1507]

You have to remember that professional athletes are different than the rest of us. They were taken care of their entire lives. They never worked, struggled to pay rent and all of a sudden they are swimming in cash. They go from no money to hundreds of thousand or tens of millions suddenly. They want to take care of those they love. They have never had any education around money...and the large sums seem to never-ending. This scenario is regretful.

[@fauxbro1983]

Adrian peterson has 11 kids. Of course he's going broke

[@Sequel7]

he can pay 2 million dollars to each child and each child would be set for life

[@CarolynP376]

11....ouch

[@MFPWM2010]

fauxbro1983 - I don’t think he has 11. But I know he has kids with multiple women, which can get very costly paying child support and alimony.

[@austinrobert8881]

@@MFPWM2010 he's never been married so no alimony.

[@MFPWM2010]

Austin Robert - well regardless, probably has child support and based on the fact that he has so many kids with different women really shows his decision making skills. I wouldn’t blame his financial situation on anyone but him.

[@IamtheGL]

Adrian, please reach out to Dave and his team. I'm sure he can help you.

[@stuartross8284]

yeah player, im sure AP is watching right now...

[@c.h.2392]

Reach out to Dave like he reached out and beat his 3 year old son with a switch?

[@ryandelsignore]

If he was watching he wouldn’t be in this situation

[@markassbrownlee2739]

Literally had the chance to not do anything for the rest of your life and just enjoy it and he threw it all away

[@TmanBlades]

Just goes to show It almost doesn't matter how much money you make. If you don't know how to manage it and live under your means you will be financially stressed, and maybe even broke. "You can't out earn stupidity" love that quote from Dave.

[@royjonzejr]

Ron Artest had a job at Circuit City so he could get the employee discount lol

[@davidkurtzbach7589]

That's why I want a job at the Dollar Store

[@runningsocal00]

What do you expect. You give a kid whose had nothing a ton of money and power.

[@DanielIles]

Income doesn't mean anything if expenses eat it all up

[@A.McCall]

So true. If you have 500,000 coming in and 495,000 going out, that’s still broke.

[@lunganikhubone2595]

So profound...

[@DarkReapersGrim]

You're starting to hear more and more of these accountants and financial managers and financial advisors taking advantage of their clients by athletes.

[@Omonike88]

Yes, that's why I believe in paying for financial education. NOT for people dipping their hands in your hard-earned accounts.

[@burningcoal5705]

What else are they supposed to do? Just let the banks take it over through insane fees and compounding interest loans? Dont hate the player hate the game

[@weirdo1060]

One example is con artist, Peggy Fulford. She had an episode of "American Greed" devoted to her fraudulent activity of financial advising while swindling rich pro athletes to finance a lavish lifestyle

[@SchoolofPersonalFinance]

They need financial education...not a “manager”. They should spread these big salaries out over 30 years.

[@JessicaO490Z]

That still wouldn't prevent them from over extending loans. :S

[@kelseywarthen3799]

That peaceful moment without "thumbs down" or negative comments

[@IamtheGL]

Not to worry..Mike Meru, Dawn, Bruce, Tyler, and or Jason will ruin the peace soon enough

[@wannabecarguy]

I love the dialogue here.

[@robertjones8260]

I CAME IN LIKE A WREEEEECKING BAAAAALL!!!

[@Mansini77]

If you have 32 mill, there is absolutely no shame in parking it in CDs, lol. So so so much better than so many other financial bombshells that happen with pro athletes and lottery winners.

[@jcpaul6824]

What's a CD?

[@MrWzeljunior]

@@jcpaul6824 Compact Discs

[@raheelakhtar7]

Buffet has $79 billion. Clue: it ain’t in CD’s!

[@frankt7521]

A friend of mine had a neighbor who played for the Dolphins and the Jets among a couple of other teams. He drove a nice Chevy pickup and rented a $200,000 middle class home and saved/invested the rest. Smart.

[@helpmeImbeing]

I wish I had the 32 million dollar problem...🤣

[@maverick1685]

Dave, you are the Calm Logic in a storm of chaos. Thank you, and God Bless You.

[@rajbeekie7124]

Most athletes and superstars have zero clues about finance. At the same time, most of them think they know everything. They are not capable of listening to good financial advice.

[@donaldbarnes3714]

How many pro athletes do you know on a first name basis?

[@rajbeekie7124]

@@donaldbarnes3714 15. How about you?

[@johnshafer7214]

Many NFL players and pro athletes are usually in their early twenties and they think they know everything and haven't had life skills. This reminds of a young man who tried to come into a farm business and he nearly ran that farm into the ground because he got the baby boomer parents who owned most of the farm to believe his ideas rather than listening to the gen x son who was slowly purchasing the farm. The gen x son wanted to invest the money in CD and other secured investments while the 22 year old millennial (2013 is when this happen) got the baby boomer to squander the windfall profits they had from the gen x son who was careful and grew record corn and grain sold it with record high prices. In short, the baby boomer parents believe in the outsider 22 year old millennial and nearly bankrupt the farm by buying new equipment that wasn't needed and expanding their operation without a plan for return. He had them thinking that they could bank roll and cash flow at $6 corn, $14 beans and $20 milk. The gen x knew that wasn't sustainable or logical because commodity prices do crash. In the end the gen x son was right and the millennial was wrong. The millennial left the family holding the bag on his major mistake. I feel for the gen x son because his parents believed in the millennial who knew nothing about finance and money. The millennial only knew trends. Trends come and go and people don't realize that. Good financial discipline can sustain oneself.

[@alexisjankowski3281]

Adrian Peterson has a hella amount of children and has a large amount of child support, too.

[@miguelbermudez5426]

It doesn't take $30K per month to raise a kid. I understand he needs to take care of his kids and I am not against men paying for their kids...but his ex for example getting $30K monthly for support encourages her not to work and to still depend on him when she doesn't even deserve that $$. My boss's ex wife was taking $3100 in child support and another $600 in alimony for their two kids and for years he struggled. When his daughter went off to college since his son joined the Marines, her mom had saved *NO MONEY* for college for her or her brother (had he gone). 8 years of child support payments would have been enough for a state school. Luckily he had some hidden investments for her but his ex is now broke and homeless. It's not all but there are mothers out there that just care about a check and not allowing the man to see his child which ultimately affects their children and how they become. 80% of the USA's prison population come from single mothers so clearly fatherlessness is a huge issue.

[@alexisjankowski3281]

Miguel Bermudez $30K a month? That’s insane! It certainly doesn’t take that amount to raise one child! Single mothers need to contribute to the financial expense of raising their children, too. Being a parent is the most important job anyone could ever have; it’s sad to see so many abuse it. How come it’s never the honorable men with honorable exes and vice versa? It always seems like a good woman cheated by a man not wanting to pay child support and moocher women taking advantage of decent men! Smh...

[@PInk77W1]

Shawn Kemp exNBA star has 9 kids from 8 moms and is paying way high per month Like $100,000 per month

[@richardlee6066]

A lot of this is self-inflicted with all those kids in judges don't care they give all your money away and in those kids can live exactly like you live.

[@freedomcapitalpartnersllp7458]

Pay yourself first. Richest man in Babylon.

[@TheRealCaptainJamesTKirk]

Most underrated comment in the section.

[@Double21Stuffed]

Why in the world would you need to take out loans if you're making roughly 8 million a year?

[@ew2645]

Double21Stuffed probably because we’re all taught, if you want to buy a house/car/other expensive item, you do it on credit instead of the cash. For a long time I didn’t know you could pay cash for a new car.

[@freedomring3022]

@@ew2645 You are spot on. I paid cash for my new car and received 2 reactions. 1] Why would I do that? What if you need the cash later? and 2] People sneer at me like I am some rich snob or something. I bought a Nissan Rogue not a Lamborghini for crying out loud, but that seems to be what happens.

[@teebone2157]

It's normal for rich to take loans. Why do you think a guy with 200 million dollar school still take out a bank loan to buy rental property instead of just paying them cash

[@freedomring3022]

@@teebone2157 a rental property is different. you have monthly income coming in to pay the loan. Also, chances are, the property is an appreciating asset. I have owned rental properties for the past 20+ years. I am talking about taking out a loan for a depreciating asset. i.e. car, boat, rv etc.

[@DisabilityExams]

Because you're spending 9 million a year.

[@Smilemaker4u]

OMG DAVE...I was just thinking why can't you and all of these sports leagues collaborate on financial responsibility with these young men and women. It's just SAD!! That's like winning the FRICKIN lotto and blowing it all in less than 5yrs. 🤦‍♀️🤦‍♀️🤦‍♀️🤦‍♀️🤦‍♀️ ALL THESE ATHLETES NEED YOU!!

[@LLFAMILY23]

Trazon McMullen I totally agree. Athletes are throw away like old rags. Most are black and they need financial education. They are so young.

[@motorcity429]

He's proving again that you have to know how to be rich same reason most lottery winners go broke

[@MoSportsUSA]

A fact I don't believe was mentioned is that family members are relying upon these celebrities to handle their finances better. I fired my investment broker because commissions were eating up a majority of my profits. You have to be involved, knowledgeable, and as self-directed about your money as possible.

[@715rdmail]

A good (wealthy) family friend said years ago. "Never trust someone with your money that has less than you do".

[@victorcauley9436]

“I’m sad for Adrian. This is awful” The enthusiasm behind that statement LOL! That’s how you know he’s seen too many cases like Adrian’s. It really is sad.

[@michelarosier1918]

Wow, lesson learned to everybody not to end up that road.😟

[@georgewest-perry6103]

Dave’s arms are so tan compared to his fingers 😂 love your videos Dave!

[@floof9789]

I think that's fur 😂

[@swisstrader]

That’s called self tanning lotion. Uses same brand as President Orange

[@jayhillz3705]

Mowing his own lawns I see.

[@joshjosh5962]

You’re so right Dave after that Bernie maidoff situation I would never give my money for someone to investing or manage for me hells know, he should’ve put all those checks into the bank until he finished playing football periods.

[@bobgunner3086]

This goes really good with what I have been thinking lately. You have to have a budget and have control of your money. I REALLY want to start to figure out my own business opportunities, but what's the point if you do not have discipline with money. I need to get more control with a budget and quite smoking before building up my own business.

[@theguyinthehelmet1875]

The education system failed him. Just because you make money, it doesn't mean you will be able to manage it.

[@jakemf1]

the guy in the helmet sorry personal responsibility is the issue stop expecting others to always do for you/ you have to make you/ you

[@KneeBenderservant]

I wasn’t aware they teach personal money management and investment strategy in the university. No, they teach lectures on plant energy metabolism, religious survey, and 19th century poetry.

[@floof9789]

"Adrian Peterson mismanages his finances and loses it all".... Fixed the title of the article! :)

[@ladybanks9766]

All of those financial stresses are going to cripple that poor man mentally and possibly physically. What a complete waste of his fortune!!!

[@SIGNALFREQ]

It's hard to resist Women throwing "You Know What" at you. It's easy to pop out 8 or 9 kids 🤔. I'm sitting here looking at your photo and dreaming about some things. If you know what I mean 😏.

[@wingtip7149]

My father, Bob, had 6 kids, lots of bills. He worked in a bank and at macy's. He wore mesh shoes !

[@ariefraiser140]

Pro athletes and lottery winners. Most that gets a sudden influx of millions have problem holding on to it. The biggest value of the journey towards being financially secured is learning how to live within your means, learning that buying a new Ferrari won't buy you happiness, understanding financial investment risks.....all that gets short circuited when a huge influx of money is thrown at you. Even people that inherit millions are in danger of this if their parents didn't raise them to be financially savy. I read somewhere that the majority of families with fortunes...multiple millions....by the 2nd or 3rd generation most of the millions is gone.

[@Dannycky96]

This is why financial education and money management is important no matter how much money you get if you don't know to mange it, you will be broke within 5 years

[@Omonike88]

Hard to trust others with your hard earned money. Keep your circle small. Too many of these agents are ripping off these players. They all tell them trust them and have them sign on the dotted line. They do not realize that the contract they signed allow these agents to rip them off via percentages and fees. Like someone has commented, he needs Financial education. He does not need a manager. He needs to financial education so he could make better Financial moves.

[@TimHPop776]

Oh boy... I hope he is able to get this resolved soon.

[@alanpadgett3213]

Should have been listening to you all those years

[@ramboxlegacy14]

If I had that much money I would do three things. 1) Help my parents with everything they need 2) Donate to various charities 3) Buy a new F250 every year. (Yes, I’m well aware of the car ordeal. I would do all of that living in my $200,000 house and living off of dividends and interest.

[@vanillacokejunky]

Good advice... I'd say the same applies to your health as well.

[@fkillah]

No sympathy for him. I’ve seen Dave go off on callers who were less idiotic yet this breaks his heart?

[@iangrant3442]

Financial literacy can be learned...........read the books..........go to seminars of millionaires.....

[@weirdo1060]

Seminars of "millionaires" are often just marketing instead of actual financial advice

[@AmanBansil]

6:23 this is the true simple lesson that we must make sure we learn and reach our future kids.

[@MsBobasaur]

Can you invite Graham Stephan to your show?!

[@jblue1299]

MsBobasaur , Ryan is looking to buy a sofa from Craig’s List, he is willing to leave a $500 deposit!

[@ralphholiman7401]

I can beat that one. We arrested Hector "Macho" Camacho back around 2005 or so, for selling MDMA and breaking into a store, to retrieve his computer, because he couldn't afford to pay the repair bill. On the way to jail, I asked him how much money he had made boxing. He said, "They tell me about 220 million. But, I don't know where it went." He seemed like a nice guy, but what a statement.

[@oisinmaccumhaill7037]

With that much money he could have made a round trip in his space ship to the planet Kingdom Come.

[@paulmoore7064]

I heard that Randolph Scott used to read the Wall Street Journal between film takes.

[@paulg687]

It doesn’t matter how skilled you are in your job, if you can’t deal with your finances you will eventually be toast.

[@boomsuga]

👏🏼 well said Dave

[@wk3820]

Reminds me of what happened to former NBA star Antoine Walker. After he became a big star, he found himself financially supporting something like 70 extended family members. He bought more than a dozen homes for them. He blew over a hundred million. Predictably, he ended up flat broke after his playing days. But he got back on his feet and now lectures college players how to not be like he was.

[@Juniorrs.exe-]

I wonder if he HAD to give houses to those 70 people.

[@wk3820]

@@Juniorrs.exe- I know, right? I mean, with 100 million, if he'd just stopped buying houses after his Mom and brothers had them, he'd have still been okay. Let the cousins fend for themselves!

[@Juniorrs.exe-]

@@wk3820 he could have bought close family members a house because that is understandable. But for 70 other people. Minus well give a homeless a house while he is at it. And if family barely starts talking to you and wanting stuff when you are rich forget them you should not talk to them ever again. And not buy a house and extras for them. He could have invested that into realstate/stocks and be VERY well for himself

[@luminous6969]

6:38 Look carefully. How did the camera angle change so much but the direction of Dave's head didn't also change?

[@randomkid7390]

The simplest thing to do is buy about 30 million in real estate and pay a few guys 100,000 per year to manage the properties.

[@wmurray003]

This would be drastic... but it's not a bad idea.

[@randomkid7390]

@@wmurray003 Why would it be drastic. 30 million in rental properties will easily bring in 1.5 to 2 million per year. Pay two or three guys 100 k per year each and still be left with 1.2 to 1.7 million.

[@wmurray003]

@@randomkid7390 In a normal circumstance I would say take the risk.. but you alrealdy have millions. Why risk it?

[@randomkid7390]

@@wmurray003 There is not much risk. He would pay cash. The real estate market is very steady. In your opinion should Dave Ramsey just sell everything?

[@wmurray003]

@@randomkid7390 No because I'm sure all of his real estate is paid off and he's made his initial investment back triple fold. That's not the same as starting off fresh.

[@markg999]

Reminds me of the 30 for 30 video on pro players that go broke. Those that didnt work hard for wealth over many years and start lower in pay and become rich overnight usually end up in bad financial shape.

[@coconutsfor2963]

Dave send your book The Total Money make over to Adrian Peterson - he needs to follow the baby steps ,now that hes broke .

[@Elizabeth-yg2mg]

He probably never reads.

[@murdoch1717]

Correction. He misused about 40 million after taxes and other expenses I'm sure he had coming out of that 100 million. Still a lot of money but that 100 million number is misleading b/c we all know taxes take a huge chunk out of that number.

[@GruneD]

Adrian also has 5-7 kids and I believe paying child support on most if not all of them.

[@b-rad-3849]

I bet those kids get more in child support than most people will ever see in their lifetimes

[@GruneD]

He’s not making very much right now who knows if he’s even able to make any payments currently.

[@Ant0417]

Blows my mind that people who make that much money would ever have to take out a loan for anything.

[@ThinkBlueAZ]

He was ripped off while he was busy beating his kids. Poor guy.

[@joesillamanrs7189]

Silky smooth ending music! Word Dave

[@hulenbryant5637]

Adrian Peterson vs. Michael Jordan.

[@jamie49868]

We see it time and time again with these athletes, actors, and musicians. Why there isn't an honest group that the leagues and unions can hook these people up with is beyond me. All their lives these people have been told "yes"...they need someone to say no!

[@brianmcg321]

Don't blow it Count yo money Keep it simple

[@SueEmmDee]

Dave Ramsey, you are a good man.

[@Reptitude]

See broke people are broke for a reason. And that reason is their choices.

[@KentPittsburgh]

Once you realize material things are fleeting, then saving becomes easier.

[@MrWatchmen759]

Why even borrow money when you’re a millionaire???

[@bjcj123]

Likely low financially literacy because his focus is football, not money management. Someone he trusts has likely told him to borrow money to invest, the investment has fallen through and he ends up with a big pile of debt. Just like so many people borrowed to buy investment properties before the financial crisis, people borrowed to buy crypto before the bubble burst (which is happening again as we speak), and exactly the same way entrepreneurs have made a lot of money in the past; many have lost a lot of money too. You should note as well that his networth needs to be over a million to be a millionaire. Right now, his assets minus liabilities would likely not make him a millionaire...

[@unelectedleader6494]

Nikola Tesla died poor and in debt, and this guy not only make an absurd amount but he can’t even look after it - proving he was unworthy anyway. So fascinating to see things like this from afar lol