OILERMAN Posted May 17 Report Share Posted May 17 Callidus, TheBisco, and chef 2 1 Link to post Share on other sites More sharing options...
VaTitan Posted May 18 Report Share Posted May 18 Did you see Larry Fitzgerald at Kevin Warsh senate confirmation hearing? These rich nerds love professional athletes…. And want nothing more to just be friends with them …. So easy to turn that into $$$$ Link to post Share on other sites More sharing options...
OILERMAN Posted May 18 Report Share Posted May 18 19 minutes ago, VaTitan said: …. So easy to turn that into $$$$ Yet so many do the opposite Link to post Share on other sites More sharing options...
Justafan Posted May 18 Report Share Posted May 18 On 12/9/2025 at 6:11 AM, OILERMAN said: If Kearse only took his post tax/fees from his Eagles signing bonus(around 7 mill likely) and invested in a simple S&P 500 index the day he signed in 2004 he would have $36,229,540.13 today. At 49 years old. Not counting his signing bonus he still made 29 mill in the NFL. Dividends from 36 mill from the S&P 500 would be about 450k a year. He could easily pull much more than that from the portfolio annually, and it would never go broke if he were smart about it. Link to post Share on other sites More sharing options...
OILERMAN Posted May 18 Report Share Posted May 18 12 hours ago, Justafan said: He could easily pull much more than that from the portfolio annually, and it would never go broke if he were smart about it. I was dumbing it down to the most simple level. The way I had it he would get the 450k a year in dividends and then could withdrawal from the 36 mill..... He could take 100k a month(this is 1,650,000.00 a year) from the 36 mill, the money would still compound higher. That was only investing his after tax signing bonus money. I did nothing with the other 29 mill he earned in the NFL! Justafan 1 Link to post Share on other sites More sharing options...
Justafan Posted May 19 Report Share Posted May 19 1 hour ago, OILERMAN said: I was dumbing it down to the most simple level. The way I had it he would get the 450k a year in dividends and then could withdrawal from the 36 mill..... He could take 100k a month(this is 1,650,000.00 a year) from the 36 mill, the money would still compound higher. That was only investing his after tax signing bonus money. I did nothing with the other 29 mill he earned in the NFL! Which makes what he did by blowing through it so much dumber! OILERMAN 1 Link to post Share on other sites More sharing options...
Number9 Posted May 19 Report Share Posted May 19 There's absolutely no reason for this to keep happening. Example after example. But I can't play NFL football. I do not work a job that could put me in a wheelchair. Not all, but a lot of them are just gladiators. They will go all out to hit people or take huge hits. I didn't make my Jr High team. I got good grades. If I got the kind of money they make, I would spend every last penny till it ran out. Link to post Share on other sites More sharing options...
Number9 Posted May 19 Report Share Posted May 19 Link to post Share on other sites More sharing options...
NashvilleNinja Posted May 19 Author Report Share Posted May 19 31 minutes ago, Number9 said: There's absolutely no reason for this to keep happening. Example after example. But I can't play NFL football. I do not work a job that could put me in a wheelchair. Not all, but a lot of them are just gladiators. They will go all out to hit people or take huge hits. I didn't make my Jr High team. I got good grades. If I got the kind of money they make, I would spend every last penny till it ran out. It's easier to get rich than it is to stay wealthy. Number9 1 Link to post Share on other sites More sharing options...
Popular Post Justafan Posted May 19 Popular Post Report Share Posted May 19 We don't teach simple finance in school, and we have a culture that worships materialism over values or patience. Combine that with a lot of these guys coming from rough upbringings, and it's a sad but predictable outcome. It's not difficult at all to get or stay wealthy (depending on your definition) in America. Even the poor here are among the top 1% of all people in human history. It is extremely difficult to get to place where you can spend thoughtlessly indefinitely while surrounded by morons who are only there to enjoy it while it lasts. TF_Titan, NashvilleNinja, OILERMAN, and 2 others 5 Link to post Share on other sites More sharing options...
OILERMAN Posted May 19 Report Share Posted May 19 Live below your means and buy appreciating assets vs stuff It's super simple Justafan, and smokeater 2 Link to post Share on other sites More sharing options...
TF_Titan Posted May 19 Report Share Posted May 19 Everything in our culture pushes the opposite message of delayed gratification. I have a good friend from college who's parents were very wealthy from oil and construction businesses. But you'd never know it from the modest lifestyle they lived. They lived in the same house they bought probably in the late 1960's until after retirement when they upgraded to a new, but still relatively modest home. Their son (my friend) did the exact opposite when he graduated and started his career. He always upgraded to a bigger house as soon as he could qualify for a bigger payment. Even though he made decent money he was always taking financial risks trying to "hit it big". Eventually it cost him his marriage and he eventually ended up with a felony conviction for not paying his taxes. The kicker...he was an accountant and a certified financial planner. He had all the knowledge, but he couldn't overcome his addiction to immediate gratification. NashvilleNinja, Supernope, and OILERMAN 1 1 1 Link to post Share on other sites More sharing options...
NashvilleNinja Posted May 19 Author Report Share Posted May 19 3 hours ago, OILERMAN said: Live below your means and buy appreciating assets vs stuff It's super simple It's simple, but I wouldn't call it easy if your emotional attachment to money is "spend it before its gone" and you've never been taught how to properly manage it. A lot of these guys come from homes where they didn't really have enough to even live below their means. For them it probably seems like they just fell into forever money. So their relationship to money didn't change, it only got amplified. But these kids coming up now not only have exposure to that kind of money earlier with NIL, they also have access to more investment education/opportunities than at any other point in time. They have far fewer excuses for blowing through all that cash than even Odell did. Number9 1 Link to post Share on other sites More sharing options...
begooode Posted May 19 Report Share Posted May 19 (edited) YOLO! Just don’t go crazy vs your near-term capacity. Get the things you really enjoy, if you can, and use them; just don’t “collect”. Regret sucks. Divorce sucks. Serious medical events suck. Several people I know pinched pennies to do x,y,z their entire lives, but their overall health and energy level wasn’t there at the end of the rainbow. It’s okay to have some fun, while you can enjoy it. Edited May 19 by begooode Link to post Share on other sites More sharing options...
Callidus Posted May 19 Report Share Posted May 19 12 hours ago, Justafan said: We don't teach simple finance in school, and we have a culture that worships materialism over values or patience. Combine that with a lot of these guys coming from rough upbringings, and it's a sad but predictable outcome. It's not difficult at all to get or stay wealthy (depending on your definition) in America. Even the poor here are among the top 1% of all people in human history. It is extremely difficult to get to place where you can spend thoughtlessly indefinitely while surrounded by morons who are only there to enjoy it while it lasts. Even poor Americans are still top 1% in human history is a hilariously misleading statement. Trying to explain away poverty in the modern day because life sucked in the past is the same argument assholes try and use for slavery. CreepingDeath, Starkiller, and OILERMAN 3 Link to post Share on other sites More sharing options...
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