Ball'n Posted August 11, 2012 Share Posted August 11, 2012 http://www.cbssports.com/nfl/blog/eye-on-football/19769032/report-vince-young-owes-169m-for-lockout-loan Didn't see this posted anywhere, guess he is cash broke. Link to comment Share on other sites More sharing options...
jjmac Posted August 11, 2012 Share Posted August 11, 2012 Maybe that's why he ran so well... Link to comment Share on other sites More sharing options...
jr1 Posted August 11, 2012 Share Posted August 11, 2012 NFL's answer to a payday loan Link to comment Share on other sites More sharing options...
Dr. Fong Posted August 11, 2012 Share Posted August 11, 2012 I really don't get how these guys burn through money like they do. Link to comment Share on other sites More sharing options...
Jim in Anchorage Posted August 11, 2012 Share Posted August 11, 2012 I really don't get how these guys burn through money like they do. Child support. "Woman let me be your man to night" http://www.facebook....en/236920783887 That's all it takes. Link to comment Share on other sites More sharing options...
H2o Posted August 11, 2012 Share Posted August 11, 2012 It's amazing how these people blow through 10's, if not 100's of millions of dollars in such a short period of time and end up in bankrupcy. I guess they just gotta "ball", "make it rain" in every strip joint they pass, buy out the bar wherever they go, start a car lot that includes a Bentley or a Maybach, and have that 10,000 sq ft mansion. Link to comment Share on other sites More sharing options...
PushthePile Posted August 11, 2012 Share Posted August 11, 2012 Living beyond your means is the American way! Link to comment Share on other sites More sharing options...
Dr. Fong Posted August 11, 2012 Share Posted August 11, 2012 Child support. "Woman let me be your man to night" http://www.facebook....en/236920783887 That's all it takes. That's certainly the Travis Henry method. Link to comment Share on other sites More sharing options...
aristocrat Posted August 11, 2012 Share Posted August 11, 2012 has probably made between 30-40 mil in his career, 15-20 mil after taxes and has nothing to show for it. damn man Link to comment Share on other sites More sharing options...
PromoTheRobot Posted August 11, 2012 Share Posted August 11, 2012 Vince does own a steak house in Austin that I thought was fairly successful. PTR Link to comment Share on other sites More sharing options...
Bill from NYC Posted August 11, 2012 Share Posted August 11, 2012 Vince does own a steak house in Austin that I thought was fairly successful. PTR Then if he sell 100,000 steaks in a real hurry, he will be just fine. Link to comment Share on other sites More sharing options...
Nick the Greek Posted August 11, 2012 Share Posted August 11, 2012 According to the article, this is a "VERY high risk" loan which allowed PPF to come calling for the full amount if Young missed a payment. Sounds more like they would be sending Rocky Balboa after him if he missed a payment. Good luck Vince. Link to comment Share on other sites More sharing options...
Best Player Available Posted August 11, 2012 Share Posted August 11, 2012 NFL's answer to a payday loan **This** He missed the May2012 payment and they called the whole loan due. Link to comment Share on other sites More sharing options...
ThurmasThoman Posted August 11, 2012 Share Posted August 11, 2012 It's amazing how these people blow through 10's, if not 100's of millions of dollars in such a short period of time and end up in bankrupcy. I guess they just gotta "ball", "make it rain" in every strip joint they pass, buy out the bar wherever they go, start a car lot that includes a Bentley or a Maybach, and have that 10,000 sq ft mansion. you know what? i used to think the exact same thing. and i don't know YOU personally, but im guessing we would be grouped in the same demographic with regards to race, gender, and age - give or take a few years. my point being, i (like you,) like to think of myself as having my life pretty well in order, with a good head on my shoulders. without getting into details, i came into a large sum of money about half a decade back--nothing nefarious, or illegal, just nothing i particularly feel like discussing. a few things: a) seeing that money every morning in my bank account was one of the most amazing feelings i have ever, or probably will ever have. being twenty-something, and waking up every morning without a financial care in the world was incredible. the sun shined brighter, the music sounded better, food tasted better. anyone who says money can't buy happiness is lying. b) the money was gone and i was in crippling debt in under a year. i can't even remember how it happened, to be honest. death by a thousand paper cuts. 500$ here, 500$ there. i wasn't "making it rain," i was just making decisions with no basis in fiscal reality. no kids, no cars, no nothing - i just lost it all. c) if i ever come into money again, ill know what to do the second time around. maybe. d) never, EVER, be too hard on these athletes for blowing their money. it would be even EASIER for them--i was dealing with a sum we can all come to terms with on a practical level... but millions? come on man, thats an unimaginable sum. people are always saying "i'd save my money." well, if the offseason came around, you were a buffalo bill with 2 million in the bank, and stevie johnson says "hey, we rented a villa on the southern coast of italy for june. its right next to the sports illustrated swim suit photo shoot hotel. about 10 of us are going. 25,000$ for the month, you in?" you still saving that money? of course not. youre booking your plane ticket. first class, of course. Link to comment Share on other sites More sharing options...
thebug Posted August 11, 2012 Share Posted August 11, 2012 you know what? i used to think the exact same thing. and i don't know YOU personally, but im guessing we would be grouped in the same demographic with regards to race, gender, and age - give or take a few years. my point being, i (like you,) like to think of myself as having my life pretty well in order, with a good head on my shoulders. without getting into details, i came into a large sum of money about half a decade back--nothing nefarious, or illegal, just nothing i particularly feel like discussing. a few things: a) seeing that money every morning in my bank account was one of the most amazing feelings i have ever, or probably will ever have. being twenty-something, and waking up every morning without a financial care in the world was incredible. the sun shined brighter, the music sounded better, food tasted better. anyone who says money can't buy happiness is lying. b) the money was gone and i was in crippling debt in under a year. i can't even remember how it happened, to be honest. death by a thousand paper cuts. 500$ here, 500$ there. i wasn't "making it rain," i was just making decisions with no basis in fiscal reality. no kids, no cars, no nothing - i just lost it all. c) if i ever come into money again, ill know what to do the second time around. maybe. d) never, EVER, be too hard on these athletes for blowing their money. it would be even EASIER for them--i was dealing with a sum we can all come to terms with on a practical level... but millions? come on man, thats an unimaginable sum. people are always saying "i'd save my money." well, if the offseason came around, you were a buffalo bill with 2 million in the bank, and stevie johnson says "hey, we rented a villa on the southern coast of italy for june. its right next to the sports illustrated swim suit photo shoot hotel. about 10 of us are going. 25,000$ for the month, you in?" you still saving that money? of course not. youre booking your plane ticket. first class, of course. Just because you blew your cash as well, doesn't make these athletes any smarter. Link to comment Share on other sites More sharing options...
H2o Posted August 11, 2012 Share Posted August 11, 2012 (edited) you know what? i used to think the exact same thing. and i don't know YOU personally, but im guessing we would be grouped in the same demographic with regards to race, gender, and age - give or take a few years. my point being, i (like you,) like to think of myself as having my life pretty well in order, with a good head on my shoulders. without getting into details, i came into a large sum of money about half a decade back--nothing nefarious, or illegal, just nothing i particularly feel like discussing. a few things: a) seeing that money every morning in my bank account was one of the most amazing feelings i have ever, or probably will ever have. being twenty-something, and waking up every morning without a financial care in the world was incredible. the sun shined brighter, the music sounded better, food tasted better. anyone who says money can't buy happiness is lying. b) the money was gone and i was in crippling debt in under a year. i can't even remember how it happened, to be honest. death by a thousand paper cuts. 500$ here, 500$ there. i wasn't "making it rain," i was just making decisions with no basis in fiscal reality. no kids, no cars, no nothing - i just lost it all. c) if i ever come into money again, ill know what to do the second time around. maybe. d) never, EVER, be too hard on these athletes for blowing their money. it would be even EASIER for them--i was dealing with a sum we can all come to terms with on a practical level... but millions? come on man, thats an unimaginable sum. people are always saying "i'd save my money." well, if the offseason came around, you were a buffalo bill with 2 million in the bank, and stevie johnson says "hey, we rented a villa on the southern coast of italy for june. its right next to the sports illustrated swim suit photo shoot hotel. about 10 of us are going. 25,000$ for the month, you in?" you still saving that money? of course not. youre booking your plane ticket. first class, of course. If I had that much money I would make sure I had enough to live off of for quite some time, if not my whole life. I have family that worked in the financial sector of the government though so I have had a little more guidance than others. I understand what you are saying about this and truly I do understand how they blow it all. I think about what I would've done if I had money like that when in my early 20's and had no kids. Drugs, women, and lavish items would've drained me dry. It's just like Big said, "Mo money, mo problems". I'm sure they have every 5th cousin on their aunt's baby's daddy's side trying to get a dime. It still amazes me that it takes place though. They live the rockstar/rapstar lifestyle and do whatever it is they do to end up flat broke. People like Allen Iverson, Terrell Owens, and countless others. There are people like Mark Brunnell who get into bad investments and lose it all as well, but it's mainly people just throwing it around like it will always stream in. Well, I hope all is well with you now my friend and it seems like you learned from your experience, which is definitely a good thing. Edited August 11, 2012 by H2o Link to comment Share on other sites More sharing options...
Fan in San Diego Posted August 11, 2012 Share Posted August 11, 2012 you know what? i used to think the exact same thing. and i don't know YOU personally, but im guessing we would be grouped in the same demographic with regards to race, gender, and age - give or take a few years. my point being, i (like you,) like to think of myself as having my life pretty well in order, with a good head on my shoulders. without getting into details, i came into a large sum of money about half a decade back--nothing nefarious, or illegal, just nothing i particularly feel like discussing. a few things: a) seeing that money every morning in my bank account was one of the most amazing feelings i have ever, or probably will ever have. being twenty-something, and waking up every morning without a financial care in the world was incredible. the sun shined brighter, the music sounded better, food tasted better. anyone who says money can't buy happiness is lying. b) the money was gone and i was in crippling debt in under a year. i can't even remember how it happened, to be honest. death by a thousand paper cuts. 500$ here, 500$ there. i wasn't "making it rain," i was just making decisions with no basis in fiscal reality. no kids, no cars, no nothing - i just lost it all. c) if i ever come into money again, ill know what to do the second time around. maybe. d) never, EVER, be too hard on these athletes for blowing their money. it would be even EASIER for them--i was dealing with a sum we can all come to terms with on a practical level... but millions? come on man, thats an unimaginable sum. people are always saying "i'd save my money." well, if the offseason came around, you were a buffalo bill with 2 million in the bank, and stevie johnson says "hey, we rented a villa on the southern coast of italy for june. its right next to the sports illustrated swim suit photo shoot hotel. about 10 of us are going. 25,000$ for the month, you in?" you still saving that money? of course not. youre booking your plane ticket. first class, of course. How large is large? My definition of a large sum of money may be different than yours. Link to comment Share on other sites More sharing options...
Kevin Posted August 11, 2012 Share Posted August 11, 2012 When you come into a large sum of money like many athletes do there really is no excuse for not being able to hire a decent financial adviser. I have absolutely NO sympathy for someone that can blow that much money that fast. Link to comment Share on other sites More sharing options...
You herd it hear last Posted August 11, 2012 Share Posted August 11, 2012 What people haven't touched on is, how is this debt going to effect him and his performance as a Buffalo Bill. I mean, all things the same, I'd rather have a VY focused on football and not finances. Link to comment Share on other sites More sharing options...
NoSaint Posted August 11, 2012 Share Posted August 11, 2012 When you come into a large sum of money like many athletes do there really is no excuse for not being able to hire a decent financial adviser. I have absolutely NO sympathy for someone that can blow that much money that fast. Problem is, half the time those are the people giving terrible advice Link to comment Share on other sites More sharing options...
Recommended Posts