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ESPN 30 for 30:Broke


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They said Tyson earned over $400M in his career. That number blew me away considering when he was in his prime.

 

I still can't decide that if I won the lottery and got $100M if I'd keep my job and just spend like an idiot or if I would do the responsible thing and make smart investment decisions and save most of it. I enjoy living in the moment so it could be fun.

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I still can't decide that if I won the lottery and got $100M if I'd keep my job and just spend like an idiot or if I would do the responsible thing and make smart investment decisions and save most of it. I enjoy living in the moment so it could be fun.
With a $100M you could do both if you were smart about it.

I think were most of these guys failed was they had the spend part down but not the invest part. Say you won $100M. After taxes you would have what, $55M +/-, let's call it $50M. If you invest $20M and can get at min a 3% annual return your golden. That still leaves you $30M to blow how you like.

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