Monday, March 4, 2013

A Fool...and His Money

Allen Iverson was an exceptional basketball player.  Gifted with speed, quickness.   Played every game as if it were his last.

For this we applaud you, Mr. I.   But your sense of business?

How can you make millions....and lose millions more?

Why wasn't there anyone in the "posse"....that merely suggested, " Hey Mr. I....why don't you put a little in a savings account...and say... make 6%?

Or buy some land....or rental property?

Or invest in companies like IBM or Microsoft?  Instead of buying gold chains and cars and clothes?

But here we are ...Mr. I.

You are so....broke!

From Business Insider:

The Bank Is Selling Allen Iverson's Foreclosed Home In Atlanta For $2 Million

allen iverson house
Jeff Fusco/Getty Images/

Allen Iverson is broke despite making more than $150 million during his career. Because of his financial issues, the bank has foreclosed on two of his homes.
 Most recently, Iverson's home in Atlanta was foreclosed on and now the bank is selling it for $2 million, according to

Iverson's home in Atlanta has six bedrooms, nine bathrooms, a pool, and a beautiful outdoor porch area.
In March 2011, Iverson lost his home in Colorado to foreclosure.



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