Former NBA player Sebastian Telfair explains why making $1M a year is NOT enough to live on 😳💀👀

These niggas are so financially illiterate it’s crazy 🤪 I see why women go after these niggas, they have no idea how to protect the bag 💼

God put me in this situation soon and I’ll show em how it’s done

He can't manage his finances and lives above his means. If you can't live on a million dollars a year, you are the problem

You’re from the coney island projects bro… you were living off foodstamps before the NBA

Let’s say it’s $500K after taxes and fees, that’s $40K a month to live off. Be smart like Keke.

Tell your siblings to get a job! That’s why this man lost all his money! Can’t say no to anyone

This mentality is why most athletes go broke within a couple years of playing ball

14 brothers and sisters and all of them are useless?! Nobody had jobs?! This kept saying a million wasn't real money, hoping they would give agree with him more 😂

Piss poor money management ..blame yourself for mishandling your bread

If you're struggling while making $1 million every year, you're horrendous at managing money and nothing else. It's a you problem, 100%

Honestly valid since he has hella famiy members to take care of

bro shoulda just bought 2 big ass houses, one for his self & one for his family, then he shoulda had all of them get jobs & pay the bills at that house

He made 19 million over 10 years…. Not the richest but he definitely mishandled it

If i make 6 figures, i’m not taking care of my siblings unless is an emergency. 1 million is of course a different beast, but i’m not buying them houses or paying their rent. Sorry bro, this my story and i can’t fuck up like that. Parents, same thing. I’ll help you with stuff, but i don’t got it like that.

1M a year is enough to live on when you not taking care of family. I’m sorry but if I get rich I’m not taking care of no grown ass adults you mfs gon continue to work just like me the only people im taking full care of is my parents. This where people really fuck up at

Hearing his explanation is crazy. Like you are not responsible for anyone else but yourself and your wife or kids. Like you can definitely flip 1 mil even $500k to something more by just being financially literate

Bruh, those 14 siblings should have been working. It’s one thing to provide a one-time blessing, it’s a mistake to carry mfs on your back. I love my siblings to death and I would for sure bless them with something but I can’t carry them through life.

You could’ve opened a McDonald’s and still be good today, bro

Tell a broke nigga 1M a year isn’t enough to live on and you might actually die bout ts😭

1m is definitely enough WHILE you’re making it but yall gotta think these guys careers are over quick with no post-playing jobs that will equal 1m a year salary lol it’s not hard to run through that money when you factor that in

"I Really ain't make no money"

One of my former clients was an NBA benchwarmer. He made less than Telfair in career earnings. The man invested in multiple Wendy’s restaurants. He makes an insane income from those investments today. It’s all about how you invest your money for the future.

Niggas like Junior Bridgeman laughing hearing this nigga say that Junior made 5 million dollars in a 12yr season and turned that into a billion dollars

ESPN’s 30 for 30: Broke comes to mind.

1 million in the s&p 500 is more than enough to live on.

This sounds real smart to a stupid person!!! He went through all of that and that’s his perspective? “$1M a year is not enough money”

$1 million a year is massive for most people. Even a one-time mil can change your whole life. Saying it's 'not a lot' is wild. Telfair had NBA level expenses and family to carry but to everybody else that's serious money.

Shut your dumb ass up. You tried to live a life of luxury and your nba game didn’t equal that. So live modestly. The dumbest shit I’ve ever heard….FOH

1 million a year isn’t enough to live on…

The problem here is that he was making significantly more than a million a year and lost it because he was doing dumb shit fuck is he talking about

Sounds like he skipped financial literacy. I’ll leave it there.

Stop the cap 🧢

Well, if you’re like him and have a bird brain, he’s right. It’s not even close to enough. These idiots need enough money that even their stupidity cannot overtake it.