How to flip burgers and be worth $400 million

• Apr 10, 2014

• #1

triple homicide

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This is for all my entrepreneurial minded brethren.

You simply have to see what other don't or can't see.

How this retired NBA player still flips burgers but is worth $400 million dollars.

 

• Apr 10, 2014

• #2

wallyhopp

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I've never heard of a broke franchise owner.. Good for him. Great use of money.

What's shocking is that 280 restaurants can earn that much back. Margins must be incredibly low. Bottom of the barrel slop food.

 

Last edited: Apr 10, 2014

• Apr 10, 2014

• #3

flyny

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WallyHopp said:

I've never heard of a broke franchise owner.. Good for him. Great use of money.

Click to expand...

A franchise owner can never start out broke though. You need like at least 100gs off rip just to get it moving

 

• Apr 10, 2014

• #4

antidope

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Why did they throw that shot at Kareem in there

 

• Apr 10, 2014

• #5

jordan novice

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That's dope AF

 

• Apr 10, 2014

• #6

supremeape

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Antidope said:

Why did they throw that shot at Kareem in there

Click to expand...

This.

They didn't even try to hide it.


Good read, and other Pro should read this... cough cough Mr. Walker

 

• Apr 10, 2014

• #7

jjs07

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JAmal MAshburn is cut from the same cloth

 

• Apr 10, 2014

• #8

ballahb

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Whoever wrote this must hate the Lakers for getting Kareem


but good for Junior, this is a smart way to keep your money flowing even after you retire

 

• Apr 10, 2014

• #9

rell826

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FlyNY said:

A franchise owner can never start out broke though. You need like at least 100gs off rip just to get it moving

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Owning a franchise a few decades ago was a fraction of the cost that it is now.

 

• Apr 10, 2014

• #10

jjs

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According to a study conducted by Sports Illustrated, a staggering 60% of NBA players are completely broke within five years of retiring.

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this stat will always amaze me

The lack of knowledge on how to budget / invest your money is real out there

 

• Apr 10, 2014

• #11

Gill Baka Esq. LLC.

formerly grimlock

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Great story. I aspire to be this guy one day but i'm dead broke at the moment....gotta make something happen.

 

• Apr 10, 2014

• #12

cels the younggod

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JJs07 said:

JAmal MAshburn is cut from the same cloth

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Was thinking the same thing. A lot of these guys go from nothing to something so fast they get lost in the lifestyle and in thinking it's gonna last forever.

 

• Apr 10, 2014

• #13

fontaine

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Go take a look at Steve Young...

Dude is making more money now then when he played

 

• Apr 10, 2014

• #14

paulprince3730

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SupremeApe said:

 

Antidope said:

Why did they throw that shot at Kareem in there

Click to expand...

This.

They didn't even try to hide it.


Good read, and other Pro should read this... cough cough Mr. Walker

Click to expand...

its way too late for him man, smh

reading this wouldnt do nothin but make him sick

 

• Apr 10, 2014

• #15

ice city fc

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Anybody else question the SI and ESPN "studies" that say 60% of NBA players go broke X years after retirement, 70% of NFL players go broke X years after retirement, etc?

The numbers seem awfully large. 

 

• Apr 10, 2014

• #16

freeze

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thanks for posting. nice article. i dig the hustle

 

• Apr 10, 2014

• #17

kevenmayne

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One day, a customer recognized Junior in his Wendy's uniform making french fries. The customer was shocked and immediately called into a local sports talk radio show to say how sad it was to see a formerly great NBA player down on his luck, forced to work in fast food asking people

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Little did that person know

 

• Apr 10, 2014

• #18

ballahb

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ICE CITY FC said:

Anybody else question the SI and ESPN "studies" that say 60% of NBA players go broke X years after retirement, 70% of NFL players go broke X years after retirement, etc?

The numbers seem awfully large. 

Click to expand...

not at all

 

Last edited: Apr 10, 2014

• Apr 10, 2014

• #19

rillo561

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ICE CITY FC said:

Anybody else question the SI and ESPN "studies" that say 60% of NBA players go broke X years after retirement, 70% of NFL players go broke X years after retirement, etc?

The numbers seem awfully large. 

Click to expand...

Not at all, money doesn't come with instructions and a lot of people are horrible with money.

 

• Apr 10, 2014

• #20

freeze

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ICE CITY FC said:

Anybody else question the SI and ESPN "studies" that say 60% of NBA players go broke X years after retirement, 70% of NFL players go broke X years after retirement, etc?

The numbers seem awfully large. 

Click to expand...

not when only like the top 15% actually make the big bucks, yet the other 85% still want to live like they do.

 

• Apr 10, 2014

• #21

rell826

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jjs136 said:

this stat will always amaze me

The lack of knowledge on how to budget / invest your money is real out there

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It's not hard to see at all. These are largely people from backgrounds where this kind of money or just a good salary period was unheard of. Add to that, the fact that they are young, in the highest tax bracket (taxed in every state they play a game in), have leeches around them and this is what you get.

 

• Apr 10, 2014

• #22

jjs

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ICE CITY FC said:

Anybody else question the SI and ESPN "studies" that say 60% of NBA players go broke X years after retirement, 70% of NFL players go broke X years after retirement, etc?

The numbers seem awfully large. 

Click to expand...

knowing what the minimum wage is in those leagues, i have to say yes, i question those stats.

but like dude said, people don't know how to use their money.

When i look at some people i know, that have a full credit card, yet they are still at their parents place and don't have any major expenses like kids and stuff, i can't even imagine how they would act if they would wake up in the NBA making 300k+ per year.

 

Last edited: Apr 10, 2014

• Apr 10, 2014

• #23

shogun

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If I had the money, i'd buy up some franchises too. Good to read he learned everything he could about how a Wendy's operates.

 

• Apr 10, 2014

• #24

blastercombo

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I'd open a golds gym, and a McDonald's right next to it.


Collect forever

 

• Apr 10, 2014

• #25

tay1

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The best part is that most don't know about it. I'd love to have $400 million and folks not know