Another broke wide receiver

[ctm]

^^^560K is 7% of 8M.  No S&P index fund acutally pays that out.  VOO is slightly above a 1% dividend.

[headhunter]

1 hour ago, OILERMAN said:

 

You can't flex that like you can a diamond chain though 

[Callidus]

3 hours ago, OILERMAN said:

 

Ignoring the poorly layed out bullet points 4mil a year to live off of is where he lost me.

Edited July 14 by Callidus

[OILERMAN]

2 hours ago, ctm said:

^^^560K is 7% of 8M.  No S&P index fund acutally pays that out.  VOO is slightly above a 1% dividend.

 

perhaps he meant withdrawals? 

[OILERMAN]

In an S&P500 index that averages 8% a year you would withdrawal 30k a month(360k a year) and never run out of money. 

[TF_Titan]

3 hours ago, ctm said:

^^^560K is 7% of 8M.  No S&P index fund acutally pays that out.  VOO is slightly above a 1% dividend.

 

I think he's referring to the historical return, which is between 6.5% and 8.5%. I don't think he's talking about the dividend yield.

 

In any case if you make 8 million in one year you should be set for life...much less 8 million a year for five years.

[OILERMAN]

1 minute ago, TF_Titan said:

 

I think he's referring to the historical return, which is between 6.5% and 8.5%. I don't think he's talking about the dividend yield.

 

In any case if you make 8 million in one year you should be set for life...much less 8 million a year for five years.

 

Yes

[ctm]

Then he should have used a term other than pays you, because it doesn't actually pay out that much.

 

You would think if you are going to publically lecture others on finance, that you would get the termonology correct.

[TF_Titan]

2 hours ago, ctm said:

Then he should have used a term other than pays you, because it doesn't actually pay out that much.

 

You would think if you are going to publically lecture others on finance, that you would get the termonology correct.

 

I get the semantics, but his main point is 100% valid.

 

It's pretty common for retired people to take regular withdrawals from their investment accounts, which is effectively the same thing as them "paying you". And if your dividends are automatically re-invested they're technically NOT "paying you". He's basically saying with that money you could retire and live off of the account appreciation.

[OILERMAN]

I love this Barkley story. Barkley was getting 3 mill a year from his Nike contract. Jordan said stop taking cash and take 2 mill in Nike Stock. Jordan was def not the first athlete businessman. In another interview I heard Barkley say the Nike investment is worth 50 mill. 

"You have to make your money grow vs spend it"

 

 

[OILERMAN]

 

[titanruss]

On 7/15/2026 at 7:14 AM, OILERMAN said:

I love this Barkley story. Barkley was getting 3 mill a year from his Nike contract. Jordan said stop taking cash and take 2 mill in Nike Stock. Jordan was def not the first athlete businessman. In another interview I heard Barkley say the Nike investment is worth 50 mill. 

"You have to make your money grow vs spend it"

 

 

Honestly sounds like a bad deal.
100 invested in the s&p in 1987 would be worth 6500 today. 
 

 2 million from only the first year of his contract  would be worth like 130 million now.  
 

he had at least that 3million dollar deal for like 2 decades.  He should've been worth in the 10s of billions instead of his net worth of -50 million 5 years ago. 

[OILERMAN]

4 hours ago, titanruss said:

Honestly sounds like a bad deal.
 

 2 million from only the first year of his contract  would be worth like 130 million now.  

An investment of $2,000,000 in Nike stock in 1987 would be worth roughly $670 million to $850 million today, driven by massive share price growth and six subsequent 2-for-1 stock splits. [1]

[OILERMAN]

Charles Barkley's total payout from his early-1990s Nike stock options turned a $3 million endorsement deal into an estimated $30 million to $50 million windfall over time, though the exact current value of any remaining unexercised options is not publicly disclosed

 

Barkley stated that he ultimately made roughly 10 times the value of the original cash deal (amounting to an estimated $30 million to $50 million). He has not publicly revealed whether he still holds those specific shares or if he cashed them out completely. 

[Justafan]

Finance is only hard if you're dumb enough to believe you've outsmarted the boring stuff that works or if you're too dumb to do the extremely simple napkin math that shows what will happen when you only make 8/year for five years but spend like the money will never stop coming in.