Added: 2 years ago
From: TheYoungTurks
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  • How can I get in on the inflatable raft business?

  • Why don't they mention the king... Mike Tyson? Made 300 MILLION during his boxing career.. THREE HUNDRED MILLION.

    Where is he now? Broke.

  • dats y i would enjoy it in the run while its going, nd forall the years i play i would save half, so if u play for 3 years, ill save 1.5 years worth of money, nd make dat last nd if it dont, when im down to about one mil ill get another job.

  • One simple factor:

    On average, athletes have pro. career about 7-8 yrs during which they make money...But life is not only 7 or 10 yrs.....of course, after their careers are over, big money stops coming but they continue spendin....how long can that last?

  • Even before I graduated college, and high school, I knew not to spend more than I make, and I knew that it's wise to save. It has to do with their egos, not their lack of education. They are too high on life to think about saving money. It really is common sense.

  • Its very simple.  Athletes live their financial lives COMPLETELY BACKWARDS from the way I live mine. When I was 21, I had nothing. I am now 45, and am worth half a million. Notice I'm going UPWARD not DOWNWARD. Its all about your mental programming. These athletes are coddled and worshipped from adolescence on, so they are programmed to think they ARE the GOLD STANDARD of human life.

  • My high school had recently started teaching, financial course/economics a year ago.

  • that young turk girl is bangable

  • its the niggers who go bankrupt

  • @TheLakeshow92

    After they fuck your mom. bitch.

  • @WilhelmDrake wow. you must be black

  • @TheLakeshow92

    ...not necessarily.

  • @WilhelmDrake its a yes or no.. if you have any black in you, then you are obviously a coon.. . i feel bad for you

  • @TheLakeshow92

    "if you have any black in you"

    By your definition every living person is black as humans originated in Africa with presumably black skin.

    But no, my skin colour is not black or brown. I would be described as "white" although my skin is more peachy-white ( just as all other "white" "people's" skin tones are not actually pure white)

    That being said, I live in a "mixed" family, with skin tones ranging from "white", black, brown and in between.

  • @WilhelmDrake way to beat around the bush you nigger

  • lol colleges should offer money management courses as a requirement(these young kids definitely need it man i see these banks sucking them into credit cards all the time)

  • I think the clubs need to give these people financial advice and really get them on the right track. Get them to invest well in legitimate schemes and get the to understand how there money will not last. Even if they just bought a few apartments and lived of the rentals this would be a steady income for life and they would never have to work again. I inherited, invested in property and that is that for life.

  • I think that it's appropriate; they make too much money anyway.

  • they don't keep in mind they have to pay property tax on their big mansions!

  • 1:42 what....you think colleges actually want to teach you something that has real life application? What are you thinking?

  • I knew a woman once that had eight kids by seven different guys, No, she didn't stay with one guy long enuf to have two kids, she had twins!!!.

  • @xcellken1 Does she take government aid?

  • @ooMONKEYoo YES!!! And that pisses me off!!!

  • @xcellken1 She's the kind of person that FUCKS UP a good idea.

  • Say what you want about jocks wasting $ on bling, but recent studies show that most that go broke do so because they make stupid investments, like the raft thing mentioned here. They have no idea about mutual funds, etc.

  • Honestly, you can be in the NFL for 3 years, make the minimum amount, and then be a janitor for the rest of your life and still live more comfortable than most Americans. Also, am I the only one who notices that all these athletes are black? These guys need to value the education they get in college. I know they won't exactly be a double major in neurobiology and Physics, but you can still learn some valuable things.

  • @yankees032778 There are plenty of white guys in the NFL!!!

  • @xcellken1 And? I think Clint Eastwood has 6 children with 7 women but he did not go bankrupt. That is the difference.

  • @brianpadraic 6 kids with 7 women? LOL.. So 2 women gave birth to 1 child!

  • Why don't they get real jobs like everyone else? Do they really think they are entitled to play a game for a few years and then never work again?

  • I have ZERO respect for anyone who makes more than $100,000 a year for one year, then is laid off for -say - 3 years, going broke. I have been unemployed since 2001. I have made a total savings of $150,000 and an annual income of $9700 last that long.

  • Once the basketball player spends 70% off his total net worth on his mansion, and then has his gold plated toilets installed, then the fountain of the little boy peeing flown in specially from Barcelona, then has his teeth drilled and diamonds set in them, that's usually when he discovers he's a broke dumbass.

  • LOL at .44 sec, THATS WHAT SHE SAID

  • 9 kids from 9 different women is nothing honey. i heard about this one talk show where some black guy had like 20 kids from multiple women and the judge was gonna make him support those kids.

  • 9 kids with 9 different women? Thats nothing. Come to south side of Chicago and you will see worse than that. Btw, they all praise BO.

  • shit you give me 2.1 million dollars and I could live decent the rest of my life.

  • Making a child isn't making a "mistake"....Come on, the kids may be listening...

  • @Ariegiggles They really shouldn't. This is an adult channel.

  • @IcedPhoenix666 See look. Now we have an actual example of a child who feels like a mistake.

  • @Ariegiggles Very witty comment, my friend. Apparently you don't agree with me. That is your right. However the TYT audience is adult whether you like it or not.

  • andrew bogut actually spoke out about this much to the dismay of many of his peers

  • it's really not that hard don't spend more than you make.

  • where else bling bling culture would lead? it's hard to separate hiphop culture and their proffession, i saw IVERSON dissing JAY-Z, while they dont have different same jobs.

  • I'm investing my money on rims and starting a record label.

  • example

    michael crabtree who didnt want to play and sat for more money thanks to his "cousin"

  • ex wives, kids and hoes take a chunk out of there money...and they dont invest in grills or etc for future money endeavors...typical dumb meat-head jocks.....

  • Well, they are all stupid, so i'm not really surprised xD

  • @musiclovinggurl123 BINGO! "Stupid" is too kind a word to describe any of these jocks or Hollywood actors who are incredibly overpaid AND yet somehow go broke. They are subhuman shitheads. Pure & simple.

    No - not all of them. Most of them are not. But, if the Young Turks' stats are correctly - more than 60% - then apparently most of the jocks ARE dumb shitheads.

  • It is the Black players mostly that go broke. That should be obvious.

  • It's because they usually don't have much or are poor growing up, so as soon as they make a load of money it goes to their head.

  • LOW bro very low... yet a bit funny tho!

  • watch mike tyson's documentary

  • i saw a professional sports team in a plane, they were all there together sitting in the kind of silence God would want from monks- so i guess there isn't any reason for them to learn what's happened to the guys whose asses heated those seats four, five years before

  • jailtime for missing child support payments... wtf

  • Cool

  • Perfect video

  • they do got a economics class in college

  • athletes are dumbass fuckers man xD

  • @HeIIoHater Religious people are blind as fuck as to what is real in the world

  • @HeIIoHater Yeah. But they are "heroes" in the West.

  • @HeIIoHater True, true and true!

  • @HeIIoHater well alot of em didn't go to college

  • professional athletes are so stupid, they need to learn how to handle their money like the rest of us. They need to hire someone to manage their funds if they dont know how in the first place. thats not an insult, i would do it to have money later.

  • This shows how stupid men can be. (For those with a lot of kids) They're sticking their dicks in anything they think is cute not realizing most of those chicks are only after them for their status and fame. These girls "end up" pregnant and BOOM!! How stupid can you be?

  • So what Player invented the Snoogy

  • Good Video

  • Nice video

  • most of these pro athletes are dumb, i mean they still have people telling them how to play the game on a professional level "COACHES". if youre a profesional u should already know how to do your job. dont even get me started on soccer, why the fuck do u need a coach for soccer!? just try to kick the ball in the fucking goal! thats it ! why do u need a coach for that?

  • Ever thought of being a *football* player yourself? Sounds like you'd be great at it.

  • people that get so lucky and so fortunate like that so quickly put themselves in the most outrageous situations. they need to realize how stupid they have to be to think they can supposrt 9 children with nine different women...GET REAL

  • I can see it $770,000 they said 3 years that translates into $2.1 million that can be blown very quickly.

    Although give a smart person 2.1 million come back in 15 years and he might have 4.2

  • To hell with 'em. They have more money pass through their hands than most ever will. If they blow it, or don't consult a reputable advisor, it's their own fault.

  • Why is this surprising? People who focus on sports as opposed to art or education are generally idiots. Most of them would be dish washers if they weren't athletes.

  • The NFL Players Union has financial advisors and life coaches for every rookie. They also assign a mentor older player.

    Btw, it turned out that one of Shawn Kemps kids wasnt biologically his. He found out when the mother sued for more money and they did a paternity test. He said he still loved the little girl and was going to continue being her father and supporting her and her mother.

  • You have to take into account that almost half of the NFL players are scrubs that never see playing time.

  • Even the scrubs make more money then the average american family.

    As of the 2009 season, the minimum salary for a rookie is $285,000.

  • Yeah but, my point is that it's going to be easier for a scrub to go bankrupt after he's done playing. He's accustomed to spending that kind of money (for doing very little), and then he has to retire or he's released, ect. and that money is gone.

  • man this reminded me of a story a year or two ago about this guy that had fathered a bunch of kids. i think it was either 12 or 17 kids mostly from different women, it was an outrageous number, and he keeps getting arrested for failure to pay support. I don't even think it's possible to pay for that many kids. I think TYT covered the story.

  • Not surprising. Same thing happens with lottery winners.

  • fools never heard of investing

  • they dont make as much as actors and actors dont do anything.

  • your a fucking retard you want racism huh well maybe its because 90% of all atheletes are black meaning african americans are physically superior to your dumb ass...DISCLAIMER Freddyp is not a racist i just hate when these internet aryans say stupid shit I do not believe endorse the stupid shit i said i just wanted this dumbass to STFU

  • thats why nhl is the best

  • lol

  • Ickey Woods now delivers meat door to door and will do the "Ickey Shuffle" on request. I tipped him $5 for it.

  • ickey woods would suck my meat when he was still in the nfl

    (and i never tip )

  • unfortunately money and power corrupts.

    but seriously open a savings account FFS. Hell, invest in some local buisnesses

  • yeah youre absolutely right.

  • steroids and drugs cost a lot these days.....

  • why the hell would they use steroid and drugs after retirement?

  • steroids no, drugs probably

  • The ave is 3 yrs and their agent takes 10-20% the money really is not that much. What we hear is the super money but not the ave Joe player.

  • poor basterds

  • I guess this guy have not been keeping up with the auto industry. Lots of people lost money in the car industry. America lost Chyrsler to the Italians. (Fiat).

  • yo govment shud pay us ballas mo cash cuz we got da skillz to pay da bills na mean and bitchs be suckin our cocks cuz dey now we da most fly mutha fuckas eva done droped out da sky yo

  • Does any1 no y my speaker is broke and i cant hear anything and my volume is all the way up on every site everything

  • ITS CUS DEY BLACK.

  • your mama did not seem to mind when we conceived you...

  • come on fool. its the same in Hockey.

  • It is called living the life style and they still want to live it (I am sure) when they have lost their income. If they would be smart with their money and live as if it was the last money they would receive, then they would be set for 20+ years.

  • They are idiots if they go broke after making their first couple million......just idiots

  • Cenk I was thinking the same thing, I want a financial course!

  • asflagg-

    "You should learn more about sports before posting on youtube. "

    Because this is where the best minds in world gather to discuss the issues....

  • just buy real estate property......its one of the better investments (spelling)

  • Money can be a dangerous thing.

  • its does take skill, but basketball is clearly the best sport i the world.

  • LIER

  • pfft

  • what? they're halves ma. ad soccer does take skill. its just that basketball is interesting. because the best players aren't white, and are therefore athleic. no im kiddding. larry bird is my main counterargument to that, and all the white dunkers.

  • "two 45 min. quarters"

    they're halves man. you make americans look ignorant. and soccer players in europe get paid a ton of money.

  • If soccer takes no skill then why don't you land a job with Manchester United and make millions of dollars.

    You should learn more about sports before posting on youtube.

  • basketball sucks ass; even my grandma could play it

    and you hate soccer because you fail at it and prefer easy crap sports

  • people who saybasketball sucks ass have never gotten the time to learn he game or are too short to dunk its so much fun when you can dunk or if ypu get good at dribbling

  • You could say the same about any sport. And basketball was based on canasta.

  • Damn! Nine kids? Has he ever heard of a condom?

  • I like your cohost, very sexy and cute! U on the other hand are repulsive YOUNGJURKS

  • Yeah, just like you want Blackwater to go bankrupt too right....RIGHT? I mean you would want orgs. like Blackwater to go bankrupt if you want ACORN to. Right?

  • Brain damage?

  • Dump people, to much money. It's not very hard to look at your assets, to look at your stable costs and do a rough calculation how much you can spend or if you buy a smaller house and sell that 4th car.

  • Education doesn't mean someone has common sense. Look at how many educated people got taken by Bernie Madoff.

  • I had Cenk's point from the second get go. They are so undereducated it is ridiculous.

    So many kids don't get a good educated because the school values sports too much and so many children who are slightly better than mediocre get pushed through classes so they can play. My wife knew a guy in HIGH school who was good at football and by the way, he was illiterate. I'm not joking. I mean ILLITERATE!

    Down with evolution! Three cheers for football!

  • investing on a couch? FUCK YO COUCH NIGGA!!!! FUCK YO COUCH NIGGA

  • how the fuck do you loose >1million dollars lol?

  • You buy a super sweet car.And then you also go on vacation that costs 100K. And then you buy a suit for 40K..... .. .. .  And then your wife buys so much shit, your head spins. And there you go.

  • "Unbelievable incompetence"... um, these football players aren't paid for their intelligence. I agree about teaching money management classes in college.

    9 children from 9 different wimmen? I could do that inna month, heheh...

  • Wow, I must be tired. I thought it said "How Many Atheists go Bankrupt 2 Years After Retirement"

    lol

  • I've said for a long time that all major colleges need to give personal economics classes to all of their athletes

  • Here's hoping this plague hits Keyshawn Johnson.

  • americans are stupid but your athletes only make half of a half of what our's make. Also football came from two white guys that went to harvard and wrapped a pigskin in a ball. It had nothing to do with soccer because no one gives two shits about that sport. It's just bitch ass men who don't even want to get touch that play the sport. Also, too bad about our athletes but hey they should've learned money management

  • 'It had nothing to do with soccer because no one gives two shits about that sport'

    right, except for the rest of the world that is...

  • dude some football players earn 50 100 miljoen just with transfer money and they have a career lengt of 15 to 20 no one gives a fuck about football dude the hole world plays football nobody gives a fuck about what you call american football

  • I'd just like to take this little opportunity to flip off all you anti american haters

    just be glad you don't have anything we want or we'd come take it from you

  • Exactly why there are so many America haters. And its not america that I hate, its americans for the most part.

  • i think athletes should be paid 1/10 of what theyre being paid now

  • athletes earn every cent that they make... in fact, their owners take like 60% of the pie, when it should be going to the guys who actually play and coach. But they literally earn every cent, if you have a problem with how much they make then stop buying Oreos, shampoo, cars, transit passes, televisions, shoes, or anything else advertised on t.v. broadcasts or at the stadium.

    It is ridiculous that taxpayers pay for privately owned stadiums though.... that is is just highway robbery

  • Your facts are way off. More than 50% of the gross goes to the athletes in baseball, football and basketball. I agree that taxes should never go for funding these private enterprises. Owners and players earn their money. No side is better or more wholesome than the other. They are in it for themselves as it should be. You are making numbers up to support your point and the numbers are bullshit. Which makes your point bullshit.

  • so because I wrote 60 instead of 50 the entire point is bullshit? Despite the fact that you agree with me... that's weird.

  • No, because you just made that shit up to make your story sound better. Bullshit in, bullshit out. Learn this and then you can make arguments that are drawn from facts instead of conjecture.

  • USAToday 3/22/09 "But peace likely won't come without rancor after owners elected last May to opt-out of the existing CBA, which awards players nearly 60% of football revenues."

    I made a typographical mistake, that doesn't mean my facts are "way off". Where is your validation of claims about baseball and basketball? My argument was that the players and coaches deserve more, regardless of what they are currently getting.

  • When you couple that with the fact that the argument is an OPINION anyway, there is no "bullshit" involved at all. It would be "bullshit" if I made shit up to argue against evolution, it would be "bullshit" if I said "we need to get out of Iraq" and had nothing to back it up. To say "NFL players deserve a bigger chunk of the profits" is NOT bullshit. The owners already control teams valued, on average, at $1.042 (Forbes). Of roughly $200 million in annual revenue, more should go to players

  • wow american football players are stupid....

  • no, americans.. are stupid. just like you

  • stupid fuckin americans dumb asses

  • shut up :)

  • stupid fuckin american fuck you bitch

  • "Not fair because of divorce proceedings"? Divorced within 2 years of being out of NFL? Hmnn... go figure.

  • lol, i'm never gonna have that kind of money in life, so i won't know how they have it... All i know is when you retire and have millions of dolllars, you don't spend it like your rich and young

  • Could it be because of the way athletes are shuffled through a system right from junior high school. How many teachers were pressured to pass athletes so they could keep playing? How many phony bs degrees in college? Is it no wonder that athletes have no life skills and therefore no money skills?

  • lol in england its a different story

  • They are morons. They deserve what they get.

  • Basketball careers last 7-8 years on average? Try 10-12+

  • 5 star for flood proof couch.

  • Mismanaging money is widespread throughtout this country. Most people regardless of educational and scocio-economic background are 1 paycheck from bankruptcy

  • I REALLY HATE THE ADS AT THE BEGINNING OF VIDEOS!!!!! I purposly by the competitors products out of spite

  • I was actually going to make a comment saying the same thing. So here I am making a comment saying the same thing :P

  • Ana is captain obvious.

  • The problem is a lot don't have anything to fall back on

    Per example, I guy I knew didn't care about his education but was really good at football (rugby) and was about to get signed to a team until he blew out his knee. Then, as he had no education, turned to dealing drugs

  • Oh man, it is SO easy to blow millions on car dealerships. Look at John Elway. I know he has a few successful dealerships, but he moved right in and bought a bunch of new ones (including one that I worked for). He bought the dealership, even though sales were very poor, and dumped a ton of money into advertising and other things to raise business.

    I guess it never dawned on him that the sales might not improve because it lasted only about 6 months before he sold it at a huge loss.

  • I have a friend who just had his second child, both of them unplanned. When asked about it, his reasoning was, "I know I should wear a condom, but man it just feels so good to cum inside a woman".

    Thats how you have 9 kids from 9 different women.

  • LOL

    that would do it

  • But its so true! Damn god.... damn....

  • Poor money managment, I thought the leagues gave classes on that.

  • What about hockey lol?

  • the only people that would buy that couch-raft are the ones that would put plastic on it.

  • i said it before, i'll say it again ... if you are a citizen, and a male ... dont have kids in america  :)

  • College? I think they should teach a kind of financial course starting from high school. It would be indispensable. Most of us have no idea wtf to do once we're out on our own.

  • Seriously!

  • i wonder the racial ratio

  • This is what you call being wealthy and being rich. These players were rich. They came from middle to poor class, and in swift, they jumped up the ladder, Instead of climbing it. Now that they are up there, they have no clue how to manage it. Where as the wealthy people, climbed up that ladder, on the way, they learned to hold and manage money.

  • Can't stop laughing at the sarcasm Cenk made at around 02:04 ... lolz

  • kobe bryant is not going broke lol

  • i don't think people understand that alot of these people don't make anymore than200,000-400,000 dollars a year. then you have to pay agents, lawyers, babymamas, all of your friends and family that suck you dry...it is crazy.

  • Redman lives in a apartment.

    He's humble.

  • Well, if Pacman Jones is any indication, it is no wonder why athletes go bankrupt after sports.