Terrell Owens Appearing on 'Dr. Phil' to Resolve Issues With Children's Mothers?

[muck4doo]

T.O. had a rough upbringing, so it doesn't surprise me he went overboard with his new found wealth. I hope he can turn himself around. I'd hate having to hear about him being dead or living in the gutter in 10 years.

 

[tupperware]

Getcha Food Stamps Ready.

 

[TheDude]

Blake Baratz ‏ @the_ifa
"In order to lose $80 million, Terrell Owens would have had to spend $15,279 A DAY from his 1st NFL paycheck to his last."where was everyone

:laugh1: Come on man.

That looks indefensible, but take out 50% for taxes and upwards of 25-30% for child support and you can easily get to $1500 per day. Still seems high, but factor in publicist, agent, mortgages, cars and it can go quick.

I just bought a short sale from a fairly famous rapper in LA, CA. The taxes, accountants, child support and business deals did him in. Actually met him, and I genuinely feel sorry for him.

Financial knowledge is sorely lacking throughout this country, but those who come into quickly (e.g. entertainers,atheletes) who think everyone they deal with has THEIR best interest at heart, get burned at a much more alarming rate.

 

[bigE79]

Spot on...HOW do you do that? You have to know the big $ will stop at some point....I haven't made 1/10th of that in my career, but I also realize it will stop at some point so it's up to me to see that I can live afterwards...insane

I remember a story about J.R.Richard who was a pitcher for the Astros, and he got hurt which ended his career. A few years later he was found living homeless under a bridge in Houston....pretty sad ending really

J.R Richard died before the game he was to pitch in,he had a stroke.

 

[CoCo]

Getcha Food Stamps Ready.

Okay, I don't want to see anyone down and out.

But that made me chuckle. :

 

[Doomsday101]

J.R Richard died before the game he was to pitch in,he had a stroke.

The Astros released Richard in the spring of 1984, and the downward spiral of J.R. Richard’s life hit overdrive.

Richard lost hundreds of thousands of dollars in bad business investments, was divorced twice, lost his home, and in the winter of 1994, was found living under a Houston freeway underpass.

 

[TheDude]

Most college grads don't even understand finances, so how can expect all atheletes to behave in an educated fashion. For TO, it makes perfect sense. WHile he made tons of money, he also was TOLD that he could become an actor and had real thespian skills.

Going through 35-36 years (or at least from ages 18-36) as an elite athelete having everything given to you and being told everyting you WANT to hear is a recipe for disaster for most.

I bought my house from a fairly famous rapper/actor who fell into this same issue. A genuinely humble guy, he was always told that if music was down there will acting, if acting was down, go on tour. Then both dried up and now he has CS, IRS, CA tax, record company advances all over him.

He told me he trusted the wrong people with the money and hired a childhood friend to file his taxes via TurboTax.

When you don't concern yourself about money for 10-12 years, it goes fast when the spicket stops.

 

[bigE79]

The Astros released Richard in the spring of 1984, and the downward spiral of J.R. Richard’s life hit overdrive.

Richard lost hundreds of thousands of dollars in bad business investments, was divorced twice, lost his home, and in the winter of 1994, was found living under a Houston freeway underpass.

Yep,my screwup...he had a stroke before the game in 1980...dont know why i thought he died at the same time.

 

[tupperware]

Most college grads don't even understand finances, so how can expect all atheletes to behave in an educated fashion. For TO, it makes perfect sense. WHile he made tons of money, he also was TOLD that he could become an actor and had real thespian skills.

Going through 35-36 years (or at least from ages 18-36) as an elite athelete having everything given to you and being told everyting you WANT to hear is a recipe for disaster for most.

I bought my house from a fairly famous rapper/actor who fell into this same issue. A genuinely humble guy, he was always told that if music was down there will acting, if acting was down, go on tour. Then both dried up and now he has CS, IRS, CA tax, record company advances all over him.

He told me he trusted the wrong people with the money and hired a childhood friend to file his taxes via TurboTax.

When you don't concern yourself about money for 10-12 years, it goes fast when the spicket stops.

 

[InmanRoshi]

Poor money management skills are but just a small sliver of a problem. It takes a lot of insecurity and complete narcissism to practice the kind of gross materialism needed to blow through that much money that quickly.

 

[Doomsday101]

Yep,my screwup...he had a stroke before the game in 1980...dont know why i thought he died at the same time.

He is still alive at 62.

 

[Hostile]

T.O. had a rough upbringing, so it doesn't surprise me he went overboard with his new found wealth. I hope he can turn himself around. I'd hate having to hear about him being dead or living in the gutter in 10 years.

I had a rough upbringing. I suppose I should use that as an excuse to be a putz?

 

[ravidubey]

It's not uncommon.

Many mega-jackpot winners go broke, as did many supposedly smart investors during boom years. Money doesn't come with instructions on how best to keep it.

If you think nothing of traveling a lot and/or first class, purchasing or leasing multiple expensive cars, dining out and/or partying frequently and/or in the finest establishments, renting or owning homes in upscale areas, dating one or more high-maintenance significant-others, and becoming a slave to high fashion and jewelry you have a good chance of spending money far faster than you'll take it in.

That chance increases greatly for NFL players who only earn super-high salaries for about ten years max but like all of us must spend money to live their entire adult lives.

Throw in a needy family member or two and whatever you might earn can disappear quickly.

 

[Yeagermeister]

Contrast TO to Carson Palmer who said he had 80M in the bank last year

 

[Mr Cowboy]

J.R Richard died before the game he was to pitch in,he had a stroke.

No he didn't, he had a stroke while throwing before a game. He was found living nder an overpass in Houston by a former team mate.

 

[Mr Cowboy]

I had a rough upbringing. I suppose I should use that as an excuse to be a putz?

Yep, blame it on the system! If you had a rough upbringing, you need to go back to that upbringing, no matter how much money you make in your career. You need to squander it all and blame the rough upbringing.

I read an article once about Flozell. He had a rough upbringing too, maybe not as bad as others, but none the less. He was said to be one of the biggest tightwads in the NFL. He supposedly banked his signing bonuses, and lived of a minimum salary that he imposed on himself. He will never have to worry again in his life.

 

[JoeyBoy718]

People are focusing too much on the same old "how can you blow all that money?" What pisses me off about TO is how he makes excuses for why he can't see his kid. Nothing in the NFL was his fault--it was always the coach, the QB, the media. And he seems like he is no different in real life. He said he can't see his 3 kids from 3 different women who live in different cities because his travel plans are too demanding. That seems like a load of crap. If you are traveling that much, odds are you are making money. Also, if you happen to be traveling so much, there is a good chance you will make a stopover in 1 of those 3 cities where your kids are. I just find it as an excuse. He's trying to make excuses for why he is a deadbeat dad. TO is truly a pathetic person, not just a football player.

 

[Doomsday101]

Yep, blame it on the system! If you had a rough upbringing, you need to go back to that upbringing, no matter how much money you make in your career. You need to squander it all and blame the rough upbringing.

I read an article once about Flozell. He had a rough upbringing too, maybe not as bad as others, but none the less. He was said to be one of the biggest tightwads in the NFL. He supposedly banked his signing bonuses, and lived of a minimum salary that he imposed on himself. He will never have to worry again in his life.

Funny people who grew up during the great depression were very frugal with their money well after they recovered from those dark days. Fact is you have a lot of immature guys out there making big money living for today and to hell with tomorrow. That is a choice they make

 

[JoeyBoy718]

Yep, blame it on the system! If you had a rough upbringing, you need to go back to that upbringing, no matter how much money you make in your career. You need to squander it all and blame the rough upbringing.

I read an article once about Flozell. He had a rough upbringing too, maybe not as bad as others, but none the less. He was said to be one of the biggest tightwads in the NFL. He supposedly banked his signing bonuses, and lived of a minimum salary that he imposed on himself. He will never have to worry again in his life.

I'm tired of this rough upbringing crap. Do you realize about 95% (probably higher) of professional athletes had rough upbringings, but only a small percentage of them make epically stupid decisions like TO, Antwoine Walker. It's not an excuse.

 

[dadymat]

I didnt think i could ever dislike T.O. more than i always have , but this show is making my hatred complete....such a POS