Teen Credit Boot Camp Blog
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Rich Athletes, Poor Minds
Evander Holyfield is broke…? Wasn’t he the Heavyweight Champ who made in excess of $200 Million Dollars in his boxing career….??? Evander “The Real Deal” Holyfield is the fighter who electrified fans with his duels with Mike Tyson. He is currently $9000.00 in arrears on his child support and his 10 Million Dollar Mansion is about to go to auction because he can’t keep up with the payments.
(www.associatedcontent.com/.../evander_holyfield_just_ another_bum.html)
How is it that a poor, destitute grandmother who never made more than $15,000 per year ironing clothes ends up donating a Million Dollars to a local college and this guy end up broke??? The answer? Well, its’ simple, yet complex. Difficult yet common sense. And oh by the way....for those of you who want to make this a race issue: it's colorless. The infamous Donald Trump just came through Chapter 11 Bankruptcy proceedings on his Atlantic City Casinos. Mysteriously they give him awards, book deals and TV Shows (“The Apprentice”). Go figure. Let’s elevate our minds and not waste time and energy on the color thing. In this economy almost everyone is catching hell in one way or another, even the rich. However, the difference is that the truly rich Know full well the difference between the lies we are told and the real truth. Our entire society is delicately balanced on the many optical illusions orchestrated by the banking, mortgage & finance industry. People like Holyfield believe these lies to be truth and hire those very perpetrators of financial smoke & mirrors to handle their money. Then the winds blow, the storms come and the phony Hollywood backdrop we call our "Economy" tumbles to the pavement. These “Big- Ballas” do in fact have accountants, CPA's and “Lawyers watchin’ Lawyers” as Biggie put it, but, they still go broke. Many of those "Professionals" have only one thing in mind: Getting the money from the athlete's bank account into their own as fast as possible PERIOD.
Most accidentally-wealthy people think they can abdicate financial responsibility over to someone else and THAT is where the trouble starts. While you should have funds with some trusted firms for management, YOU MUST LEARN HOW TO MANAGE A GOOD PORTION OF YOUR OWN MONEY...and, you should watch it like a hawk.
Wealthy people who came form nothing and earned their Millions attend matinee movies and routinely scoop-up bargains at auctions, flea markets, online and yes...even the dollar store. The funds they save by exercising these prudent habits they invest in real estate, businesses, off-shore investments or other assets. The other thing the EARNED WEALTHY (Those who actually earned their wealth the old fashioned way) do is BUY ASSETS. The Holyfields’ of the world buy a bunch of stuff (Liabilities) that loses value the second you leave the showroom, Flat-Screen Store or Jeweler. The poor (in mindset & wallet eventually) always brag about how much they spent for an item. The truly Rich brag about how little. Then boast about using it for a year and selling it for a huge profit!!!
What is really scary is to see that we have a large group of teens who have been raised by a some (not all) financially irresponsible parents to believe that the world will just give them anything they want and that there will always be someone there to save them when they're in trouble. It is for this reason that we teach financial responsibility & credit management via "THE TEEN CREDIT BOOT CAMP" (Credit and Finance Training for Teens & Young Adults of the Hip-Hop Generation). Evander, maybe you, Michael Vick and Latrell Spreewell need to show-up for the next session huh??? And by the way…Fifty-Cent could probably give you guys some financial tips because he hasn’t forgotten from whence he came. It has been said that successful people are always leaving clues. Teens, pay attention cause Fifty is always dropping clues to his success…He seems all FUN but Fifty is all BUSINESS. He stays on the grind and he counts every cent. Remember in “Get Rich or Die Tryin” he stated :“…I Would Take Change……… I’d take pennies if that’s all a (Crack) fiend had”. Hmmm… Fifty Cent went from small-time hustler who counted pennies (hint) to Multi-Millionaire and recently sold his stake in Vitamin Water for $400 Million (www.bloggingstocks.com/2007/05/29/50-cent-banks-400-million-on-sale-of-vitamin -water).
Fifty for Vice-President!!! Can you even imagine? OBAMA & FIFTY IN THE WHITE HOUSE…all our troubles would be over.and you can best believe, we’d have a balanced budget.
Ruff Rev. Jerry L. King, Jr
C.E.O. Super Star Financial, LLC
Facilitator: Teen Credit Boot Camp
www.TeenCreditBootCamp.com
RuffRev@yahoo.com
(www.associatedcontent.com/.../evander_holyfield_just_ another_bum.html)
How is it that a poor, destitute grandmother who never made more than $15,000 per year ironing clothes ends up donating a Million Dollars to a local college and this guy end up broke??? The answer? Well, its’ simple, yet complex. Difficult yet common sense. And oh by the way....for those of you who want to make this a race issue: it's colorless. The infamous Donald Trump just came through Chapter 11 Bankruptcy proceedings on his Atlantic City Casinos. Mysteriously they give him awards, book deals and TV Shows (“The Apprentice”). Go figure. Let’s elevate our minds and not waste time and energy on the color thing. In this economy almost everyone is catching hell in one way or another, even the rich. However, the difference is that the truly rich Know full well the difference between the lies we are told and the real truth. Our entire society is delicately balanced on the many optical illusions orchestrated by the banking, mortgage & finance industry. People like Holyfield believe these lies to be truth and hire those very perpetrators of financial smoke & mirrors to handle their money. Then the winds blow, the storms come and the phony Hollywood backdrop we call our "Economy" tumbles to the pavement. These “Big- Ballas” do in fact have accountants, CPA's and “Lawyers watchin’ Lawyers” as Biggie put it, but, they still go broke. Many of those "Professionals" have only one thing in mind: Getting the money from the athlete's bank account into their own as fast as possible PERIOD.
Most accidentally-wealthy people think they can abdicate financial responsibility over to someone else and THAT is where the trouble starts. While you should have funds with some trusted firms for management, YOU MUST LEARN HOW TO MANAGE A GOOD PORTION OF YOUR OWN MONEY...and, you should watch it like a hawk.
Wealthy people who came form nothing and earned their Millions attend matinee movies and routinely scoop-up bargains at auctions, flea markets, online and yes...even the dollar store. The funds they save by exercising these prudent habits they invest in real estate, businesses, off-shore investments or other assets. The other thing the EARNED WEALTHY (Those who actually earned their wealth the old fashioned way) do is BUY ASSETS. The Holyfields’ of the world buy a bunch of stuff (Liabilities) that loses value the second you leave the showroom, Flat-Screen Store or Jeweler. The poor (in mindset & wallet eventually) always brag about how much they spent for an item. The truly Rich brag about how little. Then boast about using it for a year and selling it for a huge profit!!!
What is really scary is to see that we have a large group of teens who have been raised by a some (not all) financially irresponsible parents to believe that the world will just give them anything they want and that there will always be someone there to save them when they're in trouble. It is for this reason that we teach financial responsibility & credit management via "THE TEEN CREDIT BOOT CAMP" (Credit and Finance Training for Teens & Young Adults of the Hip-Hop Generation). Evander, maybe you, Michael Vick and Latrell Spreewell need to show-up for the next session huh??? And by the way…Fifty-Cent could probably give you guys some financial tips because he hasn’t forgotten from whence he came. It has been said that successful people are always leaving clues. Teens, pay attention cause Fifty is always dropping clues to his success…He seems all FUN but Fifty is all BUSINESS. He stays on the grind and he counts every cent. Remember in “Get Rich or Die Tryin” he stated :“…I Would Take Change……… I’d take pennies if that’s all a (Crack) fiend had”. Hmmm… Fifty Cent went from small-time hustler who counted pennies (hint) to Multi-Millionaire and recently sold his stake in Vitamin Water for $400 Million (www.bloggingstocks.com/2007/05/29/50-cent-banks-400-million-on-sale-of-vitamin -water).
Fifty for Vice-President!!! Can you even imagine? OBAMA & FIFTY IN THE WHITE HOUSE…all our troubles would be over.and you can best believe, we’d have a balanced budget.
Ruff Rev. Jerry L. King, Jr
C.E.O. Super Star Financial, LLC
Facilitator: Teen Credit Boot Camp
www.TeenCreditBootCamp.com
RuffRev@yahoo.com
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