Pearl - March 15, 2025Athletes Going Broke From Child Support ｜ Pearl Daily
Episode Stats
Length
1 hour and 6 minutes
Words per Minute
166.13307
Summary
Pro athletes go broke because of alimony and child support. In fact, the number of pro athletes with multiple wives is on the rise. In this episode, we will discuss why pro athletes are going broke and why it is so common.
Transcript
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couple of months. And if you guys do want to support the channel, please go to the audacity
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network.com. That's the audacity network.com. The link is in the description. Oh, cool. We are
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live. Let me make sure. Oh, this is so great. Oh, we did such a good job today. Good job. Let's do
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a round of applause. Okay. So today we are going to be talking about the athlete to broke from
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child support pipeline. So as you guys know, women love stealing men's money. Men do the hard thing
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in society. They build the roads. They maintain the buildings. They create income. They do all
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of the inventions. And what do women, what do we love doing? Stealing, taking the money from them.
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So the late and great Kevin Samuels made it a point to disqualify athletes and entertainers
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entertainers from the category of high value men. Now, this is because athletes do not earn their
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money in the same way as the people that built themselves up in corporate America or started
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their own business. Men that have had to take the long, hard road to earning their money
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tend to have better financial habits and a better overall viewpoint when it comes to
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spending, saving, investing, and just general life decisions. I mean, that's why you see all
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this crazy. I mean, you guys hear me talk about it all the time. When you see YouTubers doing
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wild stuff, you're like, why would they do that? It's because, you know, fast money comes with
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fast problems. Now, most professional athletes are bad with money, and this is reflected in how
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many go broke during or after their career. What are the number one and two reasons why male
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athletes go broke? Can we guess everybody? Guess in the chat. Alimony and child support.
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So, athletes going broke is pretty much assumed at this point because it happens so often. For
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every Marshawn Lynch or Tom Brady that retire with millions and millions of dollars, there are
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a hundred that are going broke because of child support. That's what today's show is going to be
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about. Athletes going broke from alimony and child support. In the past, the most common way
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for an athlete to go broke was marrying a woman when he's young without a prenup. And then 20
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years later, the wife leaves him and takes half of his fortune. But times have changed. More often
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than not, you see football, basketball, and baseball players. See, there's a kid in here.
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I don't know if I can say. Sleeping with a bunch of 304s, getting them pregnant and having kids
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all over the place. The number of professional athletes with children by multiple women is just
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getting out of control. So we're going to first show a New York Post article that shows how
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athletes are just losing everything. Okay, so you are barely out of your teens and you have
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been signed to a multi-million dollar contract by a pro team. You can expect another 20 to 30
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million in endorsement deals in our position to become a brand unto yourself. LeBron James,
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Brady, Kobe, Derek Jeter. And what's even more incredible is you find yourself in this scenario
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you would most likely end up dead broke if not bankrupt and homeless by the time you're 40.
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Lots of players are having financial trouble, but they won't talk about it, says ex-NBA player
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Adenal Foil, author of the book, Winning the Money Game, lessons learned from the financial
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fouls of pro athletes. There's a lot of fear, Foil says. Guys are vilified. They're waiting to see
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who goes into the lottery of going broke. Of course, it's not a lottery. It's not, of course,
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it's not a lottery, a game of chance. Pro athletes go broke due to the constant series of bad
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decisions and seemingly no amount of cautionary tales from Tyson to Iverson to Holyfield to
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William the Refrigerator Perry can stop them. Lots of guys are having trouble, says Foyle,
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who also has a master's in sports psychology, but they won't talk about it. They think,
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I don't want to be one of those guys and they're hiding it. The superstars who've taken themselves
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down is endless. And Foyle discusses most of them in his book, Mike Tyson, who tore through
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$300 million on multiple homes, cars, jewels, and pet tigers. In 2003, he filed for bankruptcy.
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Baseball great Carl Schilling made $112 million over 20 years, but he went so broke in 2013
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that he begged the Baseball Hall of Fame to return his bloody sock from a famous pitching performance
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against the Yankees so that he could auction it off. It brought in more than $92,000. Wow,
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that's insane. Later that year, Schilling held an estate sale hawking everything from the Hummer
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to the golf cart and a baby grand piano to old power chargers, used crutches, and unopened DVDs.
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i sold all of that stuff to pay back the banks he told the boston globe instead of filing for
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bankruptcy and keeping it all i sold it all it sucks the house the house went to listed for
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3 million it sold for 2.5 million half of what shilling paid for it in 2004 avander hollyfield
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burned through his 230 million dollar fortune on a 235 acre utah estate which has 109 rooms
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and included at least one monthly electric bill of $17,000. There was also a $550,000 loan he took
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out to pay landscaping, $200,000 in back taxes, plus alimony and child support for not one,
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not two, but three ex-wives and 11 children. Divorce and child support payments, FOIL writes,
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are the two are the two things most athletes never anticipate early in my career I heard a
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league official say that once they retire there's an 87 percent divorce rate among NBA players he
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writes although I haven't verified this number based on what I've witnessed it seems about right
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and then there's the phenomenon of pro athletes fathering multiple children with multiple women
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foil sites where's daddy the classic 1998 sports illustrated cover story that explored the
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phenomenon sean kemp then a forward on the cleveland cavaliers had an on-court meltdown
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that year that was attributed to his stress over child support payments at 28 he had seven children
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by age 20 former nba firebrand latrell spewell had fathered three children by three different
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women. The article listed NBA stars from Patrick Ewing to Larry Bird to Scottie Pippen to Jason
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Kidd to Stefan Marbury to Isaiah Thomas as those child support making payments as those making
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child support payments on out of wedlock kids. I'd say there might be more kids out of wedlock
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than there are players in the NBA, one top agent told the magazine. NBA star Jason Caffey,
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earnings $35 million over eight years, filed for bankruptcy in 2007 after his arrest for
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non-payment of child support, which carries mandatory jail time. He has 10 children by
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eight different women. The only reason I filed for bankruptcy was to get these arrest warrants
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off of me, he told Press Register. Perhaps. It was also reported that Caffey's monthly income was
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just $7,000. There are two financial obligations that can never be dismissed by bankruptcy,
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child support payments and taxes. The average football, baseball, or basketball player owes
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around $1 million in federal taxes each year, Foil writes. The key word here is owes because
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not everyone chooses to pay. But eventually the IRS does catch up with you. MLB all-star Jose
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Conseco earned over $45 million over the course of his career. He filed for bankruptcy in 2012
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in an article he wrote for Vice magazine. Conseco failed to see the big deal. The issue is very
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simple. If you've got friends and family, the more money you make, the more you spend on them,
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he wrote. So let's say you spend half your money on them and the rest on yourself and your
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cost of living. It may so happen that during all of that, you forget to pay your taxes.
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Additionally, pro athletes are subjected to what's known as the jock tax. All players with the NFL,
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NBA, MLB, and NHL have to file taxes in every single state in which they play during the fiscal
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year. What frustrated me was seeing the amount of difficulty players were having in my sport,
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says Foyle, who spent 13 years in the NBA. When I started talking to older NBA players and asking
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what landscape is in retirement, the answer shocked. When I started talking to older NBA
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players and asking what is the landscape in retirement, the answer shocked me. Far too many
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of them, he found, had not only failed to plan for their future, but lacked a basic understanding
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of money management. Almost none of us had come from wealthy families, Foyle writes. The vast
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majority of us do not even come from middle-class families. Instead, we sign multi-million dollar
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contracts as 20 years old with little or no financial knowledge. In a 2009 Sports Illustrated
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report, ex-NFL player Rug Keeb Rocket Ismael described what it might look like to sit in a
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meeting about his financial future as a very young naive athlete. I once had a meeting with
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JP Morgan, he said, and it was literally like listening to Charlie Brown's teacher. Almost
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never discussed, Foyle said, is the psychology of the poor athlete suddenly making it rich
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and the financial demands that family and friends will almost always place on him.
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When your parents come and ask you for money or your entourage member, you know you can say no,
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but at what cost? Parents will say, we raised you, we took care of you. Friends will say, I had your
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back. These people are attached to the athlete psychologically. Far more often than not, the pro
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athlete, no matter how famous and seemingly invincible, has no money in a 401k, no savings
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in case of a career-ending injury, no trusts held for a later date. After you've beaten up your body,
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instead of retiring in some semblance of peace, you're pitching pennies, Foyle says. In this
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regard, 11-time All-Star Allen Iverson is lucky. He blew through his $154 million NBA salary,
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spending a reported $360,000 a month on multiple mortgages, credit cards, jewelry, cars, and his
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50-person entourage. And holy crap, how do you have 50 friends? In 2012, one year after his
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retirement, his monthly income was just $62,500. Iverson recently told Charlie Rose that reports
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of his financial state were untrue. That may be because Rebook, the one company where Iverson
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had a lifetime endorsement deal, socked away $30 million in a trust for him. He cannot touch that
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money until 2030. And that was a decision made for him, but not by him. And as the case of
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Daryl Strawberry illustrates, that $30 million may not be safe. In 1985, when a then 19-year-old
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Strawberry signed with the Mets, he was given a $7.1 million contract with 10% put into an
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annuity with an annual interest rate of 5.1%. Today, the annuity will pay out nearly $2 million
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over the next two decades, except Strawberry won't be getting it because the IRS auctioned it off to
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recover more than the $500,000 he owes back in taxes. An anonymous bidder paid $1.3 million,
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securing himself $8,891.82 a month from the New York Mets until the year 2033.
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Foyle, who's now 40 years old, has always been an outlier. Like many pro athletes,
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he comes from a very poor background, raised largely by his grandparents on a small island
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in the Caribbean. He was scouted as a teenager and brought into the states where he lived with
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a foster family in upstate New York. He has never seen a car before or ridden on an elevator.
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But his sudden wealth as a pro baller never destabilized him, and he credits his foster
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parents. His dad was an economist, and his mother was a professor of women's studies and sociology
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for his outlook on money. We had conversations about what's important in life and how to be a
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moral person, he says. By his junior year of college, he was drafted by Golden State, and
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after making a rookie salary for his first three years, he signed a four-year $16 million deal.
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Yet Foyle says he never looked at the money as reflective of his value as a person or
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I always looked at each contract like my last, he says.
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He talks about being the lone guy in the locker room to not buy a luxury vehicle.
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I didn't care what others thought of me when I drove a Toyota 4Runner my rookie year, he
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who where are these people getting entourages I don't like what makes an entourage I'm just
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trying to understand how this works so do these people have like friends that expect them to just
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pay for their life in order to hang around I just can't imagine a world where I would think I would
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have to pay for you to exist I need to know what this entourage is doing but this is my two cents
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okay he never had an entourage and didn't buy things that would only depreciate in value
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like jewels, cars, designer clothes. He met with financial planners often and saved his money in
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case he suffered a career-ending injury, which he did after 13 years in the league. By then,
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he knew what he wanted to do to help younger players plan for their future. Okay, so it's
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going to go through three infamous cases of athletes who lost it all. Vince Young, NFL career
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drafted in the first round by the Tennessee Titans in 2006. He was named NFL Rookie of the Year.
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he earned 34 million over an eight-year career plus 30 million in endorsement deals blew it on
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5 000 a week at the cheesecake factory what are you guys getting at cheesecake factory
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isn't that like not that expensive of a place where young oh he regularly treated eight teammates
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could they not afford that i'm just trying to i'm just thinking because cheesecake factory it's not
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that that i mean it's not that it's not like nobu okay what also he did the same thing at tgi fridays
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where he spent six thousand and one sitting buying out a houston to nashville southwest
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Airlines flight in 2007, which he sat 120, which sat 120 people so he could fly alone.
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According to Young's former financial advisor, he took out a high interest loan of at least
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1 million during the 2007 NFL lockout to throw himself a birthday party filed for bankruptcy
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in 2014. Okay, then we got Warren Sapp. Hall of Famer played a total of 11 seasons for the Tampa
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Bay Buccaneers and the Oakland Raiders. He retired in 2008. He earned $82 million from the NFL and
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was an on-air talent at the NFL Network from 2008 until this February, where he was fired after his
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arrest on the charges of soliciting prostitution and assault. That'll get you. Do you know what?
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I just want to know if the prostitutes were also charged in this. I just want to make sure it's
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even, okay? Okay, so blew it on a $7 million estate in Florida. So he blew his money on a $7
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million estate in Florida. Holy crap, 240 pair of sneakers. That's like a new pair for every day
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of the year. A lion skin rug, a bad real estate deal, $45,000 a month in alimony. Holy crap.
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And $15,000 a month in child support. Dang. How long was he married? In 2012, ex-wife Jamico
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filed a suit against SAP claiming he was $728,000 behind in payments. He filed for bankruptcy in
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April of that year all his personal belongings went up for auction in 2012 except his Super Bowl
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ring which he claimed to have lost yeah okay okay Robert Swift he was drafted in at age 18 in 2004
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by the Supersonics 12th pick in the first round earnings estimated 10 million to 20 million over
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four years in the NBA he tore his ACL in 2006 and was forced to retire in 2008 he blew it on a
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$1.4 million home in Samomich, Washington, housing for his parents, two new SUVs for his parents,
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and a new truck for himself, parties, tattoos, and booze. He was forcibly evicted from his
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foreclosed home in 2013, and he left behind guns, live ammo, trash, feces, broken down cars in the
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driveway, and unopened scholarship offers. He is now believed to be living with his parents.
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Oh, what an L. And this is the thing, when people get money fast, right, and they don't go through
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the character development, you know, the struggle, the toil, it just makes them kind of bad people.
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And working in media, you meet a lot of 18-year-olds, and some of them are super bright.
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Like, some of them just worked their ass off, and they're, like, killing it at, like, 20 years old,
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and you wonder, you kind of wonder, like, it makes you reflective, and you're like, when I was 20,
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I was like shotgunning a beer, you know what I mean?
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But then you also get the people that just get money fast and they blow it.
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Okay, so this next article, there's 15 athletes with more kids than they can afford.
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So the first one they go through is, and you guys have to forgive me, I don't watch sports.
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So I'm going to pronounce some of these names wrong.
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I follow the child support, not the not the sport.
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So Marshall Falk is a Hall of Fame running back.
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He is the only player in the history of the NFL to amass 12,000 yards rushing and 6,000
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He was a three time winner of the Offensive Player of the Year and won the league's MVP
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Unfortunately, he hasn't quite had the same success when it came to the ladies.
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sure he did father six different children with four different women but he hasn't exactly had
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fairy tale relationships with any of those women women his former girlfriend Helen Dune who was
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the mother of three of his children accused him of domestic violence but he was acquitted of these
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charges he also has had he also has a son with the former wife of NBA player Derek Fisher and was
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married to a woman named Lindsay Stout for eight years before the two got a divorce. At one point,
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it was reported that he was paying as much as $15,000 a month in child support payments.
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Next, we got Ray Lewis. He was a future first ballot Hall of Fame linebacker. Ray Lewis considers
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himself a devout Christian, but we're not 100% sure if that applies to the fact that he had six
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children with four different women. I mean, it happens, you know, sometimes it's like the first
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wife doesn't work out. The second side chick doesn't work out the third. I mean, now he's at
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four, you know, I guess, I guess that just happens. Um, shortly after his NFL career began,
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he began paying 3,800 a month in, um, to the mother of his first two children, um, who he met
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at the University of Miami. In January of 1998, Lewis was forced to pay $29,700 a month in back
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payments, plus $2,700 a month to a woman he had fathered his daughter with. While he was rehabbing
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from a torn tricep injury during his final year in the NFL in 2012, he had to deal with the fact
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that one of the mothers of those children were trying to hire a forensic investigator to snoop
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through his finances in order to up the amount of child support he was receiving. I mean, I just
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want to know how much does it cost to raise kids? Can you guys tell me in the chat? I just can't
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imagine a world where you need 30 grand a month to raise a child where I'm going to check the
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chat really quick and I just want to get you guys's thoughts like what I because I could
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understand a thousand two thousand but we're getting to thirty thousand dollars a month this
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is just getting insane all right I'm gonna list the rest of the people this article um goes through
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so Vladimir Guerrero a major league baseball player who is on the hook for twenty five thousand
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a month in child support. Janoris Jenkins, it says he has to pay $4,000 a month in child support to
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four different women. And okay, then we got Chad Johnson and he's on the hook for
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$6,000 a month in child support to how many women? Let me scan this.
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he apparently he's behind $38,000 in child support payments and he's required to pay
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$6,000 per month in child support, $72,000 per year plus another $1,000 a month. The latter would
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go to the child's college fund. Johnson stated that he was unable to pay those bills. Evander
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Holyfield. He, in 2012, the Georgia Department of Human Services threatened former boxing heavyweight
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champion Evander Holyfield with potential jail time. If he didn't make good on the $372,000
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he owed the mother of his 18-year-old daughter, the mother claimed that the father never paid a
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dime of child support, but he was legally required to pay beginning two years prior. To make matters
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worse, after all of the court fees were tabulated in this case, it brought the amount to just under
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$564,000 in child support. The thing is, these payments are for just one woman he fathered a
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daughter with, Hollyfield actually fathered 11 children with eight different women, including
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the woman who gave birth to Amani. While we don't know how much more money he's paying to these
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other women, but based on this one, it might be quite the sum. That's a big reason he didn't
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officially retire from boxing until he was almost 50 years old. Okay, so then we have Tyreek Hill.
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now Tyreek Hill NFL star Tyreek Hill hints he has 10 kids in a new interview and insists he
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takes care of them all but the 120 million dollar Miami Dolphins man 30 admits it's a distraction
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when they go to see him play football Tyreek Hill has appeared to confirm that he has as many as 10
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children in a new interview reflecting on his journey on top of the NFL. The 30-year-old Miami
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Dolphins wide receiver, considered by many to be the fastest player in the NFL, faced two paternity
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suits last year while a third woman told DailyMail.com that she had a child with him.
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Hill also has three children from a previous relationship with ex-fiancée Crystal
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espinal meaning he has up to six children with four women but in a new interview on the million
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dollars worth of game youtube channel he didn't deny claims that the overall number is much higher
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hill was asked by one of the hosts you play offense but off the field you're an all-time
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leading tackler you've got 10 kids you're just a family man hill bowed his head and while he
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didn't confirm that figure he didn't reject the number 10 either causing the hosts rapper
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gilly da king an influencer wallow 267 to burst out laughing okay so i guess this is one of his
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baby mamas seems like they got a good thing going i guess there's another kid um here's some of the
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other baby mothers i guess he doesn't really have a type he's got a black girl there a latina there
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a white girl that, I mean, he does not, that man does not discriminate. Hill, who has a couple of
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songs, a couple of his sons playing in the background throughout the interview says,
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yeah, man, I grew up in the South, man. You see what it is. You see my boys running around here.
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It don't matter how many kids I got. A lot of people won't be able to say Tyreek don't take
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care of his kids though. I think that's the biggest thing. I wish all of them would have
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been here. All of my kids love coming to the games game and stuff like that. Sometimes it can be hard
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for me to be mental, to mentally lock in because I've got daughters too. You know how daughters
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can be. They want to be daddy's girl. They want to be held and stuff like that. Sometimes it is
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tough, but at the same time, I've got to be aware. I've still got a job to do, but I've got to be a
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father to my kids in this small moment. I've got them here. It's a lot. Hill has played for the
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Miami Dolphins since 2022 in a trade from Kansas City Chiefs for a deal for a total of $120 million
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and $30 million each year. All right, put a one in the chat if you think he's going to go broke.
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Put a two in the chat if you think he's going to make it. In March, Hill accused his effing
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bonehead lawyers of filing for divorce on his behalf without his permission 76 days after the
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couple got married. Do you know what's so crazy? Women are still signing up for this. Do you guys
00:27:39.100
think that he has a shortage of women wanting to be baby mama number 11? Do you think he has like
00:27:48.800
women just saying, no, no, I am totally above this. Look at it. There's another one. Okay,
00:27:59.260
so I mean this just goes through this guy's getting everyone I mean you guys get the idea
00:28:03.680
he's getting everyone pregnant I hope he's not a statistic but I if I had to bet money that's
00:28:09.720
kind of the way I would see it going okay so now we're gonna watch a video this video is by
00:28:15.920
um Spencer Cornell Cornelia Spencer Cornelia and he's gonna talk about how and why NBA players go
00:28:26.800
broke so we'll play it now 117 million dollars in his nba career yet recently claimed he was in
00:28:32.080
financial trouble is he going to be the next athlete to file bankruptcy after retiring we'll
00:28:36.220
find out today this is a nice car right this one is beautiful too oh we can't they say we can't
00:28:40.800
share this they can't see the screen really can you guys not see it hold on let me double check
00:28:47.140
oh the live stopped i think uh hold on oh wait maybe it's still going hold up no it's still
00:29:00.540
going the the screen isn't sharing though i don't know why now i can can you guys hear it though at
00:29:07.680
least um okay i guess trevor has both one for him and one for his wife which totals eleven thousand
00:29:13.920
dollars a month in expenses. Why can I see it up there? It's for the cars. Trevor also invested his
00:29:19.380
money in real estate. It's weird because I'm wondering if there's, hold on, maybe it's one of
00:29:28.920
these. I'm going to try something and see if this works. Do you know? You know? Yeah, I'm clicking
00:29:38.700
number two, but it's still not. Like I can see it up there, but I can't see it. It's on the live.
00:29:43.540
it's not matching i don't know why uh picture in picture maybe that'll work no you can go it's fine
00:29:52.180
with the you're on you look great we'll stay in businesses so we'll get a
00:29:56.720
yeah see i don't know because i think it needs to go to where the red is but i don't know what
00:30:01.840
do we have to click um guys give me one oh my producer's calling let me see what he says
00:30:08.340
give me one second guys hey is there a button you know I have to click cut okay
00:30:19.100
oh I think we got it okay let me see if this works
00:30:26.840
dang I thought I was switching them the whole time wait let me see if it worked
00:30:32.660
okay right now it should oh okay okay you do okay cool i'm gonna hang up now thank you
00:30:44.660
all right guys so let's see cut so i think now it's on the screen glimpse into the lifestyle
00:30:53.720
of the rich and famous trevor had an outstanding career that lasted 18 seasons he even won a title
00:30:58.760
with the Lakers when they defeated the Celtics in 2009.
00:31:03.200
or even being the number two option on a contender,
00:31:10.160
an undersized overachieving MVP in Philadelphia
00:31:26.320
These headlines have unfortunately been very common
00:31:30.080
This is Trevor and his ex-wife, Bree Anderson Ariza.
00:31:39.240
She indicated that she has not had a job since 2008.
00:31:52.880
Like, shouldn't you then assume you have to work?
00:31:56.100
like i i understand like you married rich but like wouldn't it make sense if you only got to
00:32:03.720
be a stay-at-home mom and like the benefit of his money if you stay with could we could we
00:32:10.100
maybe even make a deal where you got to stick it out till the kid's like 10 i just at this at that
00:32:17.840
point if you're leaving i would assume you hate this guy so much you're ready to work forever
00:32:24.100
like i don't know why that wouldn't be the assumption and you know ladies feminism's
00:32:30.940
helped us out i mean you can go be a nurse you can go start an only fans you can do anything
00:32:36.280
these days so you know i i just i get a little frustrated when like i because this is what i
00:32:44.700
always get i always have women they always say i gave up my career to be with a man right but
00:32:51.480
they never give up a good career like if they had any assemblance of a future like they would have
00:32:59.940
picked that but because they were like the choice was watching like kids at school or something or
00:33:07.760
I'm guessing is there a tech issue because my producer is calling me is did I mess something up
00:33:21.480
you only see the computer screen oh shit so no okay wait
00:33:28.320
now okay now i'm back okay now i see okay sorry
00:33:32.900
okay okay okay thank you okay bye sorry guys you guys know me in the tech um but going back to what
00:33:47.420
I was saying. I just, I think there needs to be a bargain here. Look, I'm not, I don't believe in
00:33:53.180
like men being deadbeat dads. I think that's wrong. But some of you guys are, you're deadbeat
00:33:58.340
moms. And you decided, you decided I want to take his money, not work. And half the time they don't
00:34:06.220
even want to watch the kid either. They'll get like a nanny. And I'm like, what are you doing
00:34:10.140
all day? Like, it just might be time to get a job. I'm not a, I'm not, I feel like if you're
00:34:16.560
gonna not work i need i just need you to be like i need you to stick it out one more time
00:34:26.660
i'm good now oh okay okay i'm gonna i'm gonna go back assets of just under 15 000 in cash and
00:34:37.480
access to a 4.7 million dollar property of note in box nine is change in income my financial
00:34:42.540
situation has changed significantly over the last 12 months because respondent denies me
00:34:46.540
access to our accounts only have one joint account which has only it's the screen only paid for car
00:34:52.300
leases brie is asking for financial support while she takes care of the kids which doesn't sound
00:34:56.700
like an irrational request but let's check out their spending she lists her average monthly
00:35:01.020
expenses as 55 272 dollars while living in california someone would need to be earning
00:35:06.780
around 1.3 million dollars per year just to cover that expense number 18 000 towards a mortgage
00:35:12.460
fifty five hundred dollars in child and health care not covered by insurance nine thousand
00:35:16.140
dollars a month towards groceries and food that food better come with it nine nine thousand a
00:35:21.760
month in food what are you eating is she gonna be like the next woman on my 600 pound life that is
00:35:30.680
a lot of money that is a lot of money i just i feel like okay if you don't have a job couldn't
00:35:37.220
you cook isn't it time where you could you buy you can get a big bag of rice some chicken
00:35:44.020
you know anti-aging vitamins completely organic and makes you feel incredible for nine thousand
00:35:50.580
dollars a month in vegas you can live in the nicest part of town if your mortgage is nine
00:35:54.600
thousand dollars a month let alone just your food budget 24 000 a month for utilities taxes
00:35:59.840
and insurance for their la property and what appears to be a san diego property a big reason
00:36:04.460
for celebrities and athletes having a I just think okay if you're getting a divorce this is
00:36:09.900
what I would expect okay if I if you're gonna divorce right I would expect that I am now I
00:36:16.080
hate this guy so much I'm gonna work forever and live in an apartment that would be my that would
00:36:22.500
be what I would assume the future would be but it's now you can like do nothing just for getting
00:36:31.940
that's like the easiest thing to do ever do you just get pregnant oh my gosh a bloated lifestyle
00:36:38.960
budget is multiple luxury houses that cost so much okay they shop at the most expensive grocery
00:36:44.660
store what are these grocery stores charging i just i don't even understand like i'm trying to
00:36:51.400
think so 9 000 a month i'm gonna do the math on this so 9 000 a month what is that a day
00:36:56.420
so let's do divided by 30 days that's 300 a day that can buy you like a whole thing of groceries
00:37:03.460
i guess maybe if you're going to like five star restaurants i could see how that would add up
00:37:08.280
okay i guess that's how people burn just to own with no rental income offsetting the cost
00:37:14.260
the house has become a massive liability trevor learned the value of financial protection and
00:37:19.220
i'm going to share with you the value of identity protection which is why i partnered with aura
00:37:23.080
When I first used Aura, I was impressed in information.
00:37:26.060
This prevents one password, financial fraud, or getting hacked.
00:37:30.340
If you want an all-in-one text your devices for malware, then start your video.
00:37:49.140
You're not going to convince me they're spending a lot of time watching these kids.
00:37:52.280
is the lifestyle of the wealthy. It's hard to understand spending that much money if you aren't
00:37:56.780
at that income level, but I'm sure it's easy to spend it if you got it. Savings and investments
00:38:00.940
are only $500. I don't think Dave Ramsey or Graham Stephan would approve of this budgeting.
00:38:05.820
Miscellaneous and household staff of $5,000 per month. Whenever you're spending $5,000 a month
00:38:10.760
on vacations, of course you need to match that with a staff member to attend to your house when
00:38:14.860
you're gone. Jokes aside, many wealthy homeowners in the area Trevor lives in have personal security
00:38:19.480
at the house or have caretakers for their kids. She lists $100 towards charity. It's nice to see
00:38:24.320
that they give back a little. I personally couldn't find any wiggle room. Okay.
00:38:30.480
If you're not working, why do you need a nanny? Like what?
00:38:41.620
If you're, if all you're doing is taking money from him and you're not, you don't have a job.
00:38:46.740
I just don't understand where the nanny is needed.
00:38:49.500
Don't, aren't you taking the money so you could spend time with the kid?
00:38:53.000
You just are not going to convince me that these women are watching them.
00:38:58.100
Room in their budget, so it's good to see some allocation to charity.
00:39:00.840
Now let's see Trevor's submission to see the differences.
00:39:03.520
His last employment was with the LA Lakers, where he was getting paid $192,000 a month.
00:39:07.700
It's always funny thinking of athletes as employees because they earn so much money,
00:39:14.620
Trevor claims an additional $5,000 a month income from various LLCs and $8,300 a month on average
00:39:19.960
from interest. While that sounds like a nice passive income source, only having around 13
00:39:24.280
grand coming in every month after making $117 million in his career is pretty unacceptable
00:39:29.580
and clearly not enough to cover living expenses. Trevor states his financial situation has changed
00:39:34.420
significantly as he's no longer employed as a professional basketball player.
00:39:37.980
Oh, I see the chat's weighing in. So they're saying she needs a nanny
00:39:41.500
so she can go out and look for the next simp that is a tough job okay that's why the nanny
00:39:48.640
is needed they said every housewife's dream is a nanny okay thirds of nba players go broke or
00:39:54.880
whatever the percentage is because they don't prepare for life after basketball just investing
00:39:59.160
20 million dollars out of the 117 million earning five percent every year would mean he'd be
00:40:03.720
bringing in a million dollars passively every single year for the rest of his life trevor
00:40:08.740
lists his assets as $873,000 in cash, $1.6 million in stocks, and $6 million. I'm getting
00:40:14.420
some insights from the chat. They're saying they spend all their days in hair salons and partying
00:40:20.000
with the girls. It's important. Okay. House and business equity. I know this is a lot of money to
00:40:26.140
me and you, but this is horrific if this is all he has after earning $117 million. I'll tell you
00:40:32.140
why in a second. He lists his total monthly expenses as $112,000. I want you to consider
00:40:37.100
this someone spending a hundred grand a month will run through 1.2 million dollars in cash in
00:40:41.840
one year. Someone like Trevor who lists only a couple million in assets will be completely broke
00:40:46.900
within a couple years based on what he's listed in this court document. $8,900 a month in child
00:40:51.420
care to someone named Daphne, a different woman than Bree, his ex-wife. $6,700 a month for his
00:40:56.160
children's education and clothes. $12,000 a month for vacation and gifts. $19,000 to other and $23,000
00:41:02.620
for the following. $10,700 goes towards his and his ex-wife's Rolls Royces. He pays $3,400 a month
00:41:09.140
for a Maybach and another $1,700 for her new Cadillac. $16,000 a month just in car payments
00:41:15.400
to give you an idea on how insane. Holy crap, $16,000 a month in car payments. Insanely stupid
00:41:22.260
this is. In California, you'll need to earn around $350,000 a year just to pay your income taxes and
00:41:28.380
car payments. He also lists $6,500 towards a personal gym. I don't know what that includes,
00:41:33.220
and it does sound a little insane, but it's the only expense that reasonably makes sense to me.
00:41:37.360
He was a pro athlete, which means his body and training were paramount to his earning capacity,
00:41:42.820
and he can't work out at any kind of public gym. He's paid his attorneys $81,000 so far and owes
00:41:47.800
another $86,000. If you watch my channel at all, then you know I love calling out the ludicracy
00:41:52.040
of legal bills. His lawyers verified payment statements and made a few important phone calls
00:41:56.720
or emails or who knows what and build $170,000.
00:41:59.900
Trevor does include attachments to 11 different LLCs
00:42:02.740
that he allegedly has an ownership interest in.
00:42:12.800
to avoid having to pay Brie as much as the law may dictate,
00:42:25.460
but his Form 1065 indicates a passive loss of over $700,000 for the year.
00:42:30.260
Trevor is seen flying private in his most recent Instagram post.
00:42:34.680
Okay, so he's growing broke and still flying private?
00:42:42.420
My dad has worked his whole life and never flown private.
00:42:48.840
Likely he's chartering a jet for him and his son if he's on the verge of bankruptcy,
00:42:55.180
that can keep this current lifestyle going for long.
00:42:57.620
Athletes don't go broke during their playing days.
00:43:01.360
when they retire and the inevitable divorce happens.
00:43:04.520
Buy expensive real estate as a second property,
00:43:15.280
spend $13,000 a month for child support to your ex-wife.
00:43:28.340
But these guys are so bad with money, it's pathetic.
00:43:41.880
are the ultimate wealth destroyer for athletes.
00:43:45.060
If you make 100 grand a year, California takes half,
00:43:48.140
and then you end up getting divorced when she takes half,
00:43:51.000
At the end of the day, after your living expenses,
00:44:02.940
to end up in a headline about financial troubles,
00:44:16.660
I guess Jimmy Butler's having baby mama trouble too.
00:44:20.520
This hits home because I went to an NBA game once for the Chicago Bulls, and he was there.
00:44:32.640
Let's talk about Jimmy Butler and his child's mother.
00:44:38.920
So Jimmy Butler has three children with his child's mother.
00:44:46.720
I believe that the first child was born in 2019, and then there was another child in 2022, and then there was another child in 2023, if I'm reading the court documents correctly.
00:45:03.920
Now, he is currently paying her $55,000 a month in child support.
00:45:15.120
They reached an agreement late 2023 where they address custody, visitation, and child support.
00:45:24.580
now it appears that she is requesting demanding that he pay an additional ten thousand dollars a
00:45:35.560
month for the nanny so that would bring his total up to see
00:45:40.600
i would pay for a reality tv show where you watch these women try to get jobs
00:45:50.380
and like really difficult ones you know because if she's asking for another 10k a month and she's
00:45:59.140
able to live off of the child support she already has there's no gratitude in this she needs to go
00:46:04.900
back and learn the value of money you know what would you guys have her work in this reality tv
00:46:10.480
show. Put it in the chat. I want to know your thoughts. $65,000 a month in child support.
00:46:18.480
$65,000. So she has $55,000 a month. She's trying to go to $65,000. She's saying $55,000
00:46:26.600
isn't enough. This is insane. So this is based off of, I believe, his most recent contract,
00:46:38.820
which was 168 million dollars so if you were to break that up then 55 000 a month 65 000 a month
00:46:56.980
but you have to wonder how is she getting 55 000 a month what are the needs of the children that
00:47:11.340
Whenever a guy is successful, the ex-wives will always take credit.
00:47:17.440
Like, they'll be with him for, like, five years and take credit for all of his success.
00:47:31.900
because she was she was like an assistant she was doing admin work in the back and but the thing is
00:47:38.860
the men this is what the men do they lie to the women because they love the women right so they're
00:47:43.620
in a relationship they're in love and they're like yes baby I couldn't do it without you he knows that
00:47:48.640
he could do it without her he knows damn well he could do it but he's got to lie to make the woman
00:47:53.880
feel good right and this is the problem you guys then in divorce court what she does is she's like
00:47:59.740
see he said he couldn't have did it without me but Jeff Bezos made more money after the divorce
00:48:06.440
where McKenzie just lost it so I you know I mean let's just call a spade a spade here
00:48:11.920
what we do know is that he has filed a motion with the courts this year and he is saying that
00:48:19.300
they were never married she was never his wife so she doesn't get to live like an NBA players
00:48:29.680
wife she gets child support for the maintenance of the minor children and to take care of all
00:48:36.020
their needs and ensure that their living standards are comparable to when they are with him but he is
00:48:43.820
not responsible for financially taking care of her as they were never married so 55 000 a part
00:48:52.840
of that should go towards the fees for the nanny so if you're getting 55 so you guys just know it's
00:48:58.880
so funny okay so I did a show with Brittany Renner a while back now you guys know Brittany Renner
00:49:06.700
she's um she's a well-known baby mama right I mean that's I forgot who her baby daddy is it's
00:49:13.740
some guy that's in the NBA PJ Washington she went for the you know this is what the older women do
00:49:19.400
so they'll be like a really hot 25 year old and they'll be just waiting for these 18 19 year old
00:49:26.040
guys to graduate college and be drafted and she was she was on it she was ready and these guys
00:49:31.760
you know these women run circles around them because i mean they've been waiting they they've
00:49:36.780
gone through half of the nba so they already know all the tricks they know how to get them to fall
00:49:40.760
in love or whatever i guess the one state she chose to have a kid in had a cap on child support
00:49:49.760
i don't know this is just what i heard i heard she doesn't get more than 2005 this is alleged
00:49:56.380
alleged alleged she freaked out at me on this last show because i was talking about how women
00:50:00.800
make poor financial decisions i didn't know she was going to take this personally i didn't really
00:50:05.340
know what she was going through lo and behold news reports come out she starts saying she
00:50:10.960
it's a cap at 2500 of mine can you imagine they go through all the work to like prey on the young
00:50:19.360
the young NBA players they go have the kid and they didn't even take the time to google the state
00:50:25.420
that they're in oh that's so funny and it's great because they shouldn't be doing that anyway right
00:50:32.440
that's the wrong thing to do but like if if you're gonna go do the wrong thing you would like it's
00:50:39.220
like imagine somebody goes through the the work of trying to rob a house right and they they go
00:50:46.020
into this neighborhood like they go into this big house and they break in and they break the law and
00:50:51.140
they do all this crazy stuff to get there and they get in there and find out there's nothing
00:50:55.720
valuable in the house it's like you you just would think that it's not that you're condoning the
00:51:03.120
behavior right you just would think they would do all that work you would at least google the reward
00:51:08.900
but you know you can't yeah she is a demon I mean insane thousand dollars a month of fifty five
00:51:16.740
thousand dollars a month and then on top of that you have a nanny for an additional ten thousand
00:51:21.000
dollars a month then what are you doing when the children are with the nanny why are you not working
00:51:27.360
so this is what I think a lot of the the high earning like mothers do like that either get a
00:51:36.200
lot of money from the husband or make a lot themselves. There's this idea that women love
00:51:41.200
children, right? And I just, you know, everyone thinks I'm crazy when I say this, but I don't
00:51:46.940
really think they do as much as, you know, they say they do. Now, why do I think that? Number one,
00:51:52.580
women are more violent towards children than men. So that's the most likely person to abuse the
00:51:58.360
child is either the mother or a guy that the mother brings around. So what they try to do is
00:52:03.860
they try to make it seem 50 50 because the second most likely person is the stepdad but if you look
00:52:09.140
at biological parents it's most likely to be the mother that's number one two the kids turn out
00:52:16.100
better if they're in the if they're in the dad has custody so what does that tell you the dads
00:52:21.220
are more invested and number three these women that have the money to get nannies to raise their
00:52:27.900
kids so you know the question is do you it's like they want a lot of and not all there are really
00:52:35.460
great mothers out there so I'm not saying all right but there there's at least a significant
00:52:39.860
portion that what's important to them is looking like a good mom so they go to the events they go
00:52:44.780
to this but then these divorces come out the same thing happened with Hillary Crowder right Hillary
00:52:49.480
Crowder called Stephen Crowder an abuser and on her Instagram it's like her with the kids it's
00:52:55.660
this whole account dedicated to being a good mother.
00:53:03.560
You can't convince me that this woman was spending time with,
00:53:09.640
So a lot of them, they want to look like a good mom.
00:53:14.760
They can't get the, like, attention from their looks anymore
00:53:17.480
because they're getting old, you get fat, whatever.
00:53:19.800
And so what they do is they have a kid and they get attention from that.
00:53:23.140
and it's really not fair to the children because it's like fathers they're just in general in
00:53:28.720
general they just tend to be better people they're just more invested they don't really
00:53:32.340
care about clout they don't really they're not the type to like i mean there's a reason why we
00:53:37.580
over celebrate mother's day and under celebrate father's day even though the father is the most
00:53:42.620
influential person to the child so let me keep keep going with this why do you not have employment
00:53:48.380
mr butler i'm asking the same thing why is she not employed is not responsible for her lavish
00:53:56.740
lifestyle the lifestyle and the maintenance is for the children and only for the children
00:54:03.180
and that includes fees as it relates to child care so that is what they are back in court
00:54:11.140
so i have a friend who he ended up winning custody of his kid in court
00:54:15.680
and he got primary custody so the he started off like every other weekend with the kids and it
00:54:22.440
happened like right after the kids were born and somehow I think the mother like got into a DUI
00:54:27.740
or something with the kids so he ended up getting primary custody and you know what he told me he
00:54:32.480
said I couldn't believe how much easier watching the kids was than I thought now I'm not saying
00:54:37.120
it is or it isn't I don't have kids but like it just amazed me like hearing his perspective he's
00:54:43.740
like yeah I kept hearing my whole life that being a mother was the hardest job in the world that
00:54:48.140
this was so difficult that I couldn't do it and I thought I was going to be overwhelmed and I was
00:54:52.560
just surprised at how much easier it was than I thought now I'm not saying it's easy right I'm
00:54:58.160
just saying this was his point of view so yeah I'm not and so with a nanny it's like 50 what do
00:55:06.940
need 65k a month for even the liberals should agree with me on this 65k as we get updates
00:55:15.260
i'll circle back around and keep you posted okay that's what happens guys you've got to be
00:55:28.380
athletes paying the most in child okay i gotta turn off the sound on this one
00:55:33.900
because otherwise it's copyrighted okay so the 10 athletes paying the most child support
00:55:40.480
we got eddie curie 16 000 a month 192 000 per kid or um per year sorry pays for one kid
00:55:51.560
wow 200k what do you guys think would be a reasonable amount or you would say that's
00:55:59.080
reasonable per kid. I accept that. Although my mom told me, cause I'm one to 10. My mom told me
00:56:05.580
that every additional kid costs less money because you got like, you, you figure out the
00:56:12.040
cheaper systems and like, um, you can hand, like do hand me downs. A lot of times schools will have
00:56:18.600
like group discounts. I, I'm curious what you guys think in the chat. So we got Tiger Woods,
00:56:27.460
20K a month. Vladimir Guerrero, 25K a month. I think some of these we did earlier. Antonio
00:56:39.040
Cromartie, $28,000 a month. Brutal. Oh, this is so brutal. Okay. So this story was funny.
00:56:50.320
so apparently this guy he went in with a generous offer of child support and he said it's fine i'll
00:56:59.900
give 20k a month it's fine then he upped it to 30 and the wife just kept asking for more and more
00:57:06.940
and more and got it slashed to less so let's see
00:57:10.840
uh am i not oh it's my sound thing here hold on i mean four i'm paying four for let me start over
00:57:19.740
okay so you personally with all the child support that you paid on two kids four four kids yeah i
00:57:27.080
mean four i'm paying four for child i'm paying all i'm paying for all five but but with laura's
00:57:32.400
four okay you have five kids total but one i'm not on the system you know okay got it have you
00:57:39.880
technically have you paid exactly what you owe or do you technically overpay and and you know i'll
00:57:44.940
also get school and i'll get extra clothes okay all right someone says five hundred dollars a
00:57:50.080
month max for one to three kids it's not supposed to be alimony our system is designed to destroy
00:57:57.060
marriage um do you think a lot of women would figure out a way to work it out if there was a
00:58:33.380
times 12 that's 240 million dollars so she wanted mediating and I'm at mediate
00:58:46.200
okay I told her I told the judge the retired judge why am I here I'd love
00:58:53.620
with 20,000 I'm fine am I here for I don't want to negotiate so whatever they
00:58:59.220
saying no i'm saying no to all of it right first the first one oh it's just no okay so what what
00:59:05.780
do they try to pitch to you um they were trying to pitch me that you know i need to pay for her
00:59:11.460
ring like it was just it was just all this just just a whole bunch of nothing right so the judge
00:59:17.300
was like listen if they're money hungry on that side won't you just ask for more time with the kids
00:59:23.300
you throw a little bit more money you get more time
00:59:29.480
so i said okay 50 50 summers and then i want this this this this and i'll put in 15 15 000
00:59:38.880
extra i'm up yeah so you up to 35 so i bumped it up to 35 okay and then i paid for school
00:59:45.300
on top of that on top of that which made it 44 so i was originally at 20 at 20 okay so he offered
00:59:52.260
35k a month plus school okay 35k a month plus school the 44 and she just had to go for more
01:00:01.040
i went up to 44 okay that's a lot right and then you know and then that probably like a month later
01:00:07.960
she fouled again she kept fouling and fouling the 44 wasn't enough no because she figured oh if it's
01:00:14.860
that 44 from him then i can tell the judge like oh i need more because and the judge was like
01:00:19.940
you know i have to go by what's on paper so if you're going to keep coming here i'm gonna have
01:00:26.740
to drop it down to the real number like like it's better to attract bees with honey than vinegar
01:00:34.500
right so that was the whole thing so i'm like i'm loving this judge right and then eventually we
01:00:39.320
we went and the judge went from 44 to 7100 so she could have had 44 000 and then she got 7 000
01:01:10.060
you're not gonna tell me she was brushing that off
01:01:16.080
because it's like, why am I going to give you a chance for more shits at me again?
01:01:20.000
So, you know, like, there's no, you parent from there, I parent from here.
01:01:24.460
So I pay more because I still take care of the kids.
01:01:28.000
I buy the kids all their clothes and shoes and do all that stuff.
01:01:39.840
we got a woman talking about her um her court battle with her nfl so it's nfl or nhl baby daddy
01:01:51.960
it's gonna do a sad place when we're getting more baby mamas than wives
01:02:00.040
my nfl baby daddy gives me for child support each month here's a bit of background info before i
01:02:04.740
share. My ex played in the NFL for 12 years. He has a working farm that he's done a TED Talk on.
01:02:11.540
A couple years ago, he was given an award by his alma mater, the University of Georgia,
01:02:15.820
an award to celebrate his entrepreneurial success. We have two kids together, a five-year-old and an
01:02:22.060
eight-year-old, and we've been locked in a court battle for four years now. Custody was just
01:02:27.380
settled earlier this year, and we are still figuring out child support. The reason why it's
01:02:32.440
in four years is because he's not been cooperative and has not turned over simple things like tax
01:02:40.340
returns for his businesses and whatnot. I have the kids the majority of the school year. During the
01:02:46.400
school year, he gets them every other weekend and then summer is split. He refuses to pay half of
01:02:51.480
their extracurricular activities and since I have them for the majority of the school year, the bulk
01:02:56.420
of all of their school year expenses also has to get paid by me. Want to see how much I'm getting
01:03:02.160
each month? Yeah. So again, this is just entitlement. If you want to leave, it's totally
01:03:09.240
fine. I'm really not of the, I'm not of the opinion that we should ban. I, I did. At one
01:03:15.140
point I had the opinion that we should ban no fault divorce. Okay. And I changed my mind. And
01:03:21.200
the reason I changed my mind is because there's so many men in like these miserable marriages
01:03:25.160
and I just think they deserve to be able to leave. Do you know what I mean? I don't think
01:03:29.840
it's fair because what the women will do is they'll like they'll get into the marriage and
01:03:34.160
then pull the fat grenade or they'll like they'll like have one personality before and then switch
01:03:39.360
it after and now he's stuck I'm like that's not fair and you know I'm sure there's you know men
01:03:45.960
that do that too I just have never met one ever and I've never heard that as a complaint ever but
01:03:50.560
I'm sure it happens um so when women like this come out and they say my ex doesn't pay for anything
01:03:59.540
he's this he's that he's abusive you got to ask the question as to why and nobody asks
01:04:05.140
generally speaking when you do an amicable divorce and you just leave and you say look
01:04:11.160
I don't like you anymore um I just we're not I want to go I mean they want to go bang the
01:04:18.860
personal trainer or whatever it is the musician I you know they say look I gotta I gotta go do that
01:04:25.020
but we can just call it quits we can just be pals men generally are pretty supportive they're like
01:04:31.640
okay i'll go date the younger hotter woman you're kind of annoying anyway good i mean they're sad
01:04:37.000
right but like the the problem is the the problem is they destroy these men's lives and then expect
01:04:44.680
the guys to be like nice to them and expect them to be cooperative some still are but in my
01:04:51.980
experience when the women tell the story like that the the catch is he's not being cooperative
01:04:58.500
because I destroyed him and made his life hell for three years so now he's not that nice to me
01:05:04.300
um it's like wow it's like Pearl's talking about my ex hey hey you know I just
01:05:11.580
I've done I'm traumatized a little bit I'll tell you what because I went into this and I was like
01:05:18.160
I don't know why men are saying they don't want to get married anymore I'm like that's a
01:05:21.820
weird thing to say my parents are married what the it's weird right and then I just kept
01:05:27.180
interviewing these guys and I kept thinking there were like these special women that like don't do
01:05:32.820
this stuff I'm like no the women around like where I grew up they didn't do that and then I thought
01:05:37.840
back and I'm like holy crap my friend's dad who was deployed I bet he wasn't actually abusive I
01:05:44.780
bet she just said that and then I would kind of like I would go back and then I would interview
01:05:49.540
these guys and like i would interview one guy from like a catholic a super catholic background
01:05:54.180
woman did the same thing i'd interview one from a muslim background the woman did
01:05:58.320
and really what i concluded was this is just a roll of the dice you never really know what
01:06:02.980
you're gonna get until you're until she's got the kid and then you see her true character
01:06:07.620
unfortunately but let me know what you guys think in the comments um please make sure you like the
01:06:13.220
video on your way out and subscribe to the channel thank you guys for bearing with me on the i i
01:06:18.020
forget sometimes to do the switcher thing so thank you for bearing with me we're in the new studio
01:06:23.060
today and um thank you to the staff here I'll do one more round of applause because you guys did a
01:06:28.020
great job so um thanks for watching guys like the video on your way out and subscribe to the channel