Antoine Walker shares what led to his loss of all his fortune
A former NBA athlete Antoine Walker explains how wanting to live the same life as the famous rappers of the days made him bankrupt and ended up selling the majority of his assets , and losing the bulk of the NBA earnings.
Walker was determined to be like the famous rappers
Many NBA players face financial troubles a couple of years after they have retired from the league. As accustomed to making plenty of money throughout their playing days and then facing financial problems later on since their spending habits are similar, while their incomes fluctuate dramatically. Certain players are clever enough to launch new business ventures during their time in the NBA and thus be able to earn multiple sources of income when they retire from the game.
Antoine Walker is one of the players who declared and apply few years after retiring , despite making more than $100 million over the course of their entire career. Bankruptcy online in a recently recorded interview on”I Am Athlete,” the “I I Am Athlete” podcast the athlete discussed his reasons for going into bankruptcy despite earning a staggering amount that many people only dream of. According to Walker the way he described himself, he was young foolish, naive, and inspired by hip-hop and the rappers who showcased their lavish lifestyle. Walker was determined to emulate the hip-hop stars, which eventually caused financial issues for him.
“It’s an issue of culture I’m a fan of being able to be able to speak for myself. When I first came in, Jay-Z, Puffy, the other rappers, and their actions is my goal to emulate. You see them sporting the large jewelry, the chains and the beautiful automobiles, and the videos. I have a tendency to watch everything and I believe that about it when I’ll do. If I had lots of money I also had lots of obsessions. I was a car lover. I would own 8-10 cars at once. I was obsessed with watches. When I first came to the market, Jacob the jeweler was the one to beat; everyone had bought from Jacob. I used to buy every new watch. I would have 15 to 20 watches at any one time I could not wear every single one of them.”
He was devastated when he had to let go of his mother’s home
Walker wanted everything He also was determined to look after his family, particularly his mother. Therefore, he constructed her a home worth more than 4 million dollars and contained everything she could have ever wanted. While he was a good man however, the cost of all that was incurred took over and he recalls the most difficult time of his life as the time it was time to leave the home he purchased to his mother.
“I constructed my mother’s home from scratch. I put in $4.1 million for this crib, which was 15,000 square feet including the indoor pool. all the amenities you could think of was included in the home. When you’re in bankruptcy, you must make an option to choose. In the past I owned four houses. When I discussed it with my mother, I inquired about what she would like to do one of the moments I squealed was when she said to get rid of the home. I was shocked, and that was probably the most difficult level because it’s something that you’d never do. It’s not something you want to ever watch your mom’s work or witness your mom going through that kind of thing and again, so it was the most difficult time of my life.”
Walker has experienced the highs and lows of his life, but is now back on feet and working in the field of basketball analysis at FS1. Walker is no longer awash in the fortune he once enjoyed however, he appears be in a positive state of mind and living life to the fullest which is what matters most to be able to say at the end. He also advises youngsters to take lessons from his mistakes and avoid having the same problem and be more aware of the way they use their money.