foxdog1923 wrote:The last person to take ask for financial advice is someone who gets there head punched in a lot.
there are a lot of boxers of have multiplied their boxing wealth with smart investing.
someone on here mentioned max schmelling on here the other day. that guy
was in charge of coca cola distribution for like all of germany i think. i heard
buster douglas, carl froch, anthony mundine, and many others have real
estate investments. this article says tarver owned other real estate that
went into forclosure but it doesn't sound like those were investment properties.
ray leonard had mike trainer and other advisors from the beginning of his
career. i heard shelly finkle took mark breland's first million and put it in
an annuity that has been paying him $100k/yr for life starting when he
turned 30. there are lots of examples of boxing setting up athletes for
great success after their careers, but we keep hearing of so many athletes,
especially boxers, going broke after making millions. a lot of those stories
of boxers going broke were from don king's stable and had no idea where
their money was going or what they owned. they lived like kings while
they were winning, and then they found out they owned nothing and had
nothing in the bank when they started losing. hector camacho went outside
to try to stop his exotic sports car from being repo'd only to see movers
lining up to enter his house and take everything and evict him. turns out
don king really owned everything he had. i'm sure most of this is the boxer's
fault for not taking care of business outside the ring, but seems like lots of boxers
have vampires and leeches all around them more than in other sports,
except possibly for NFL athletes, who have even shorter careers on average
and spend like idiots worse than boxers and are often dead by 50.