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Allen Iverson From 154 Million to Broke

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Published on Feb 15, 2012

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Comments • 219

B.A. Chan
Allen's biggest problem -- he had a huge heart.  He didn't realize this until it was nearly too late.  I say "heart" because of his generosity.  But in all honesty, it's funny how we clamor over athletes that make millions and "go broke". Yet many executives, investors, bankers and other white-collar individuals who "go broke" in business due to poor leadership/ bad deals/ poor investments -- you rarely ever hear of it.  That's deemed to be a private matter not for public consumption. And Allen's business is our business?!  Please...
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Jeffrey Haefner
10 mil. I'd buy a house. Set up my family one time. If they blow it that's their problem. I'd invest the rest. A balanced portfolio will net you about 5 to 7% per year. You can live off that. 
J Go
Money mayweather is next
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King Zay
he isnt broke he just doesnt have the money he use to have.
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spikedpsycho
156 million. Hmm. Here's what you do. Invest at least 50-60% of it into Securities. 10-15% in commodities (Gold, Silver, Platinum) and the rest in things like private equity (collectable stuff) and real estate.
james brooks
Money does not make one wise.
Deo Mahno
I learned first hand that when you come up you shouldn't help friends and associates out. When I first came up all my friends had their hands out to me. Some of them would say hey let me borrow x amount of dollars and I'll pay you back on my payday and on their payday you don't hear aanything from them. So I learned that you shouldn't give anybody shit just cause you know em. Now it's understandable to help your mother or father or maybe sister or brother out because they are immediate family but friends, fake ones and real ones,cousins,aunts and uncles and everybody else needs to handle their own fuckin finances. Nice guys finish last with women and when it comes to dealing with finances. Fuck being nice cause people will take it for weakness and take advantage of you. You have to ask yourself if the situation was reversed and that person had money and you didn't and you had your hand out to them would they really help you out?
Jonathan Urbano
pay off families debts, buy a lambo and house and im good
Ben
shitty video. how is your first point how he owed 800 thousand dollars to a jewelry store. thats nothing. stopped watching.
Tim Treakle
I don't feel sorry for anyone who makes millions of dollars.
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