Quote Originally Posted by jdonaher1 View Post
as long as there has been boxing there has been these stories. For the life of me i will never understand why so many fighters that come from such horrible poverty all spend their money like it has an expiration date!! I would think if i was that poor i would do everything in my power to make sure i'd never go back to it. It's so sad. They all want to blame their managers and promoters (and we all know there are many that are out right crooks) but having large entourages and blowing money on stupid purchases makes them just as blameworthy.

sometimes when you never had anything and then suddenly get it, you don't know what to do. It's a sad reality of boxing. No financial planning whatsoever. How do you spell "deferreed annuity?"