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PostPosted: Thu Jan 23, 2014 8:37 pm 
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http://money.msn.com/investing/post--ho ... 25-million
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"Young spent $5,000 per week at Cheesecake Factory during his rookie season, according to other reports in 2012. He once paid $6,000 at a T.G.I. Fridays. He paid a kid $200 to haul his luggage at the airport. And he would do $600 shots of Remy Martin at Morton's after games. An adviser reportedly once said that Young once got a loan to throw himself a $300,000 party."


i just dont get it. how do you NOT put half away for savings? especially during the worst depression this country has ever seen, and right after the iverson story went viral???!!!! at least iverson had a REALLY smart friend... or uncle or whatever that stashed 50mil away where he cant touch it until 55!

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PostPosted: Thu Jan 23, 2014 8:39 pm 
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You need to have good people close to you. A lot of people rich and poor do not.

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PostPosted: Thu Jan 23, 2014 9:02 pm 
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In Southern Indiana its really tough! He can buy a 20,000 SF house and 500 acres for about $2 M

His $2M in Malibu gets him this



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PostPosted: Thu Jan 23, 2014 11:25 pm 
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look what $20k buys you in rockford

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PostPosted: Fri Jan 24, 2014 12:14 am 
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But I thought you moved to WI? riiiiigggggghhhhhhtttttt? With the 100 inch TV

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PostPosted: Fri Jan 24, 2014 12:31 am 
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holy cow... the projection theater in the living room still haunts me? the things you guys remember about me... its oddly gay

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PostPosted: Fri Jan 24, 2014 7:56 am 
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IkeSouth wrote:
http://money.msn.com/investing/post--how-did-vince-young-waste-dollar25-million
Quote:
"Young spent $5,000 per week at Cheesecake Factory during his rookie season, according to other reports in 2012. He once paid $6,000 at a T.G.I. Fridays. He paid a kid $200 to haul his luggage at the airport. And he would do $600 shots of Remy Martin at Morton's after games. An adviser reportedly once said that Young once got a loan to throw himself a $300,000 party."


i just dont get it. how do you NOT put half away for savings? especially during the worst depression this country has ever seen, and right after the iverson story went viral???!!!! at least iverson had a REALLY smart friend... or uncle or whatever that stashed 50mil away where he cant touch it until 55!


if i was spending money like there's no tomorrow and living the high life, not sure i'd be frequenting Cheesecake Factory and TGI FRidays

how the hell can you spend that much at those places anyways ? if the place was at max capacity and he paid for everyone in the restaurants bill i'm not sure it would get to 5K . do they even carry top shelf liquor at TGI Fridays ?


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PostPosted: Fri Jan 24, 2014 8:45 am 
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If I'm spending $5000 on a meal, its going to be a nice meal like at Mendy's.

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PostPosted: Fri Jan 24, 2014 10:02 am 
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I thought these guys eat at the team training table 5/7 days per week

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PostPosted: Fri Jan 24, 2014 10:52 am 
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Bagels wrote:

if i was spending money like there's no tomorrow and living the high life, not sure i'd be frequenting Cheesecake Factory and TGI FRidays

how the hell can you spend that much at those places anyways ? if the place was at max capacity and he paid for everyone in the restaurants bill i'm not sure it would get to 5K . do they even carry top shelf liquor at TGI Fridays ?


I would go to Chotchkies.

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PostPosted: Fri Jan 24, 2014 11:15 am 
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Give 5 Million dollars to a trusted person or entity not to be touched for ten years


Spend like it's going out of style.


All set.


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PostPosted: Fri Jan 24, 2014 11:20 am 
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I always said that if I ever won the lottery or otherwise came into a large sum of money, the first thing I would do would be to hire a financial planner and a lawer to help me out.

The second thing I would do would be to hire a second lawer to watch the planner and first lawer.

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PostPosted: Fri Jan 24, 2014 11:22 am 
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Frank Coztansa wrote:
I always said that if I ever won the lottery or otherwise came into a large sum of money, the first thing I would do would be to hire a financial planner and a lawer to help me out.

The second thing I would do would be to hire a second lawer to watch the planner and first lawer.


:lol: Probably good advice.

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PostPosted: Fri Jan 24, 2014 11:25 am 
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But yeah, Arps is correct. I mean, even if he just took $1million and invested it at a 10% return, he's making $100K a year. Might not be able to drop $4000 at TGIFridays every week, but he could still live comfortably on that.

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PostPosted: Fri Jan 24, 2014 11:29 am 
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rogers park bryan wrote:
Give 5 Million dollars to a trusted person or entity not to be touched for ten years


Spend like it's going out of style.


All set.
I wonder why the players association has stepped in to all but force something like this where some of the pay over $1 million is automatically put into an annuity that is paid out over the 20 years after retirement. Maybe something forced like that isn't legal.

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PostPosted: Fri Jan 24, 2014 11:31 am 
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Frank Coztansa wrote:
But yeah, Arps is correct. I mean, even if he just took $1million and invested it at a 10% return, he's making $100K a year. Might not be able to drop $4000 at TGIFridays every week, but he could still live comfortably on that.

10% isnt something you can count on in our current climate though.

That's why I chose a sum that would be fine without any interest or gain.


Id give it to my brother. I trust him and he's cheaper than George Hallas


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PostPosted: Fri Jan 24, 2014 11:33 am 
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You know what I mean. 6% would still be 60K, which is a lot more than most people live in per year, plus you'd have the initial million you invested.

$5000 at the Cheesecake factory. I can't even fathom that unless his tab was covering 100 people.

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PostPosted: Fri Jan 24, 2014 11:35 am 
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Frank Coztansa wrote:
You know what I mean. 6% would still be 60K, which is a lot more than most people live in per year, plus you'd have the initial million you invested.

$5000 at the Cheesecake factory. I can't even fathom that unless his tab was covering 100 people.
$600 shots of Remy can add up. Trust me.

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PostPosted: Fri Jan 24, 2014 11:40 am 
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Frank Coztansa wrote:
You know what I mean. 6% would still be 60K, which is a lot more than most people live in per year, plus you'd have the initial million you invested.

Even 6% is nothing to count on. Since there's no savings interest anymore you cant just assume even moderate growth anymore.


We agree anyway.


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PostPosted: Fri Jan 24, 2014 11:44 am 
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He could find a charge card that gives him 6% rewards or points and use that for his Remy shots.

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PostPosted: Fri Jan 24, 2014 11:57 am 
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He should save his receipts from Friday's, and write it off.

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PostPosted: Fri Jan 24, 2014 11:59 am 
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Im sure he's got limitless oppurtunities in Texas forever


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