Watch Max Scmeling destroy Joe Louis here--great quality video

[Beanflicker]

the government screwed him over which is how he became broke and stayed broke, a very sad end for a great man.

How did they screw him over? Not doubting, just curious. From what I read, I thought he made a ton of shitty investments and fell behind on his taxes.

[El Kabong]

the government screwed him over which is how he became broke and stayed broke, a very sad end for a great man.

How did they screw him over? Not doubting, just curious. From what I read, I thought he made a ton of shitty investments and fell behind on his taxes.

He was in the Army & doing exhibitions and the government wanted their cut afterwards and he never caught back up. A simple Presidential pardon would have helped Joe out plenty but one was never given.

I guess I was thinking about Moore when Rocky was knocked down...eh, what does that tell you about The Rock? Archie was like 85 when they fought.

[Beanflicker]

He was in the Army & doing exhibitions and the government wanted their cut afterwards and he never caught back up. A simple Presidential pardon would have helped Joe out plenty but one was never given.

For what Joe did for the US of A, they definitely should have helped him out a bit I think, I agree.

But still, Joe did a lot of dumb shit with his money.

[El Kabong]

He was in the Army & doing exhibitions and the government wanted their cut afterwards and he never caught back up. A simple Presidential pardon would have helped Joe out plenty but one was never given.

For what Joe did for the US of A, they definitely should have helped him out a bit I think, I agree.

But still, Joe did a lot of dumb shit with his money.

What boxer doesn't? These guys make a living getting bashed in the head....being "smart with money" usually allows someone to do something else for a living. Granted certain fighters have been smart with their earnings but they are few and far between.

[Beanflicker]

What boxer doesn't? These guys make a living getting bashed in the head....being "smart with money" usually allows someone to do something else for a living. Granted certain fighters have been smart with their earnings but they are few and far between.

Definitely. But it shouldn't be that way. These guys should bite the bullet, admit to themselves "Ok I have all this money, but I have no experience dealing with a ton of money and no credentials to manage it properly so I'm going to get help." And if they don't and go broke, they only have themselves to blame.

These guys are usually so fractured and insecure as people, and boxing makes up so much of who they are, that they can't cope with life after their careers. That's why I have so much respect for guys like Schmeling, who made the transition so well. And guys like Marvin Hagler, who retired, STAYED retired and moved on with their lives.

[El Kabong]

Definitely. But it shouldn't be that way. These guys should bite the bullet, admit to themselves "Ok I have all this money, but I have no experience dealing with a ton of money and no credentials to manage it properly so I'm going to get help." And if they don't and go broke, they only have themselves to blame.

These guys are usually so fractured and insecure as people, and boxing makes up so much of who they are, that they can't cope with life after their careers. That's why I have so much respect for guys like Schmeling, who made the transition so well. And guys like Marvin Hagler, who retired, STAYED retired and moved on with their lives.

The less a person knows about money & the less they are involved in the decision making process the easier it is to rip them off. It doesn't just happen in boxing & it's not just a sports thing either. Look at some of the lotto winners.

[Beanflicker]

The less a person knows about money & the less they are involved in the decision making process the easier it is to rip them off. It doesn't just happen in boxing & it's not just a sports thing either. Look at some of the lotto winners.

I'm not talking about them getting their "Uncle Bob" or some promoter to look after them. There are established accounting agencies and advisers that deal with celebrities and athletes, that invest and handle money well and allow atheletes to retire and live well after their careers. Now these guys will cost more than some uncle, but at least you know you'll be taken care of. In most sports, a famous athlete going broke is the exception. In boxing it seems to be commonplace.

These guys want the 10 million dollar mansion because the 3 million dollar mansion isn't good enough. They want a fleet of expensive luxury cars. Investing money isn't as fun as buying that 4th Ferrari.

There's no excuse for it. They've seen guys like Tyson go broke after earning hundreds of millions of dollars. Get smart with your money.