Charles Barkley Talks 80% of Professional Athletes Going Broke | CLUB SHAY SHAY

Fast money builds ego, slow money builds character. This is a underrated blessing we normal people have compared to athletes, entertainers etc. Its hard enough to maintain budgeting and financial discipline as a 9-5 now imagine as an "overnight" millionaire.

Charles was smart enough to understand Dr J's advice and was willing to change. That's the very big difference

The key to this conversation is: stop wasting money trying to impress other people. Be it cars, watches, jewelry etc. Impress them with what you do for a living. Impress them with your accomplishments in life.

The first time you tell them NO! That is what they remember. My uncle helped so many people finish higher education, payed for school and housing but as soon as he retired and started telling people no! They all started talking beyond his back and saying he was a bad person.

Compound Interest is your BEST friend!

We had a 15 year MLB shortstop for the SF Giants living 5 houses from us. He was a 6 time All Star. We lived in a typical suburban neighborhood, nice homes but not gated or snooty. Met him walking his dog. Great guy. 3 nice kids, drove regular cars, talked regular talk. I think his last contract was in the multimillions. Smart man.

As a guy entering his 40’s I’m so thankful for podcasts like this. So much knowledge is being given if you just listen. 🙏🏽

Ulysses Lee "Junior" Bridgeman (born September 17, 1953) is an American businessman and former professional basketball player. Bridgeman played in the National Basketball Association (NBA) for twelve years from 1975 until 1987, beginning with the Milwaukee Bucks. Bridgeman is the current owner of Ebony and Jet magazines. Despite never making more than $350,000 a season during his NBA career, Bridgeman has a net worth of over $600 million, making him one of the wealthiest former athletes in the world. Source Wikipedia

So much practical wisdom in this clip. Especially the part when Chuck said no matter how much you took care some people the moment the first time you said "No" they will hate you for it. I saw this happen a lot in real life.

Dr J. Pure class, gave Charles great advice.

Barkley tells the same stories in every interview. I watch all of them so I can retell all of them. He is a national treasure.

It’s not about the money coming in, it’s about the money going out 💸

"I can't see the rims when I'm in the car" You also can't see the car when you are in the car.

Whole facts, this Wisdom is priceless

"u still eat pig feet? I do" 😂

“I can’t see the rims while I’m in the car” was hilarious.

Between Dr. J and Moses Malone, Chuck had some really strong, positive influences who made him the guy we all like today. You can tell, he deeply appreciates those two for the mentorship they gave him - the different perspectives he never had before that helped him right the ship and become the Hall of Famer he is. Same type of things happen today. Rooks need vets, and all teams should have a seasoned, certified professional vet or two for the good of the team and younger players.

Chuck would easily have been one of them if he was solely reliant on his basketball earnings. Losing 25m to gambling is not smart. That's more than his basketball earnings after taxes and fees. If not for TNT and his charisma he'd be one of the 80%.

THIS video, along with the Junior Bridgeman, should be required for ALL athletes. Good job guys!!!

Got a 2008 Cadillac DTS sedan brand spanking new. Still have it. Always up on maintenance and if dealer service representative says something may need to be replaced or kept an eye on ... I say, "Replace it now." Also do preventive maintenance and have it dealer detailed every year, inside and out including the engine well area. Looks and runs so smooth it can barely be heard. Not a month goes by when I don't find notes with offers to buy it. Nope. No need to replace this fine automobile with a new one and monthly payments. Bought this one new with savings and buy most things. (Refrigerator wadher/dryer, oven/stove) etc in cash. I recommend to everyone to save, invest and be wise with your purchases. You'll be comfortable and happier in old age.