It’s the Dana White hate, people on here just want to blame Dana for fighters misfortunes.Whenever fighter finances gets discussed I always kinda wonder what they're spending and investing their money on. Purses, or pay for us normies, have never really been how the majority of people make their overall wealth at the end of the day. The goal is usually to make money to make more money, which makes you more money while you do nothing, to the point you no longer need to earn anything from your labour as your investments "pay" you.
- GSP buying outright a modest condo in DT Montreal near his gym and life after his first $1M payday (Fitch?) that he still has to this day? Great purchase and investment. Brought down his costs and time and across these last 15 years has probably 4x in value
- Hendricks buying a shitty steakhouse and putting zero effort into it? Terrible purchase and investment. Lost money and reputation.
Fighter pay could be better, but the biggest difference in athletes lives would probably be some basic financial planning on what they actually do with their pay to set themselves up OUTSIDE of fighting. I dislike the idea of a pension for fighters by the UFC or organizations, but I mean an option where the UFC simply sets you up with an advisor to help YOU automatically take a portion of your purse for basic self-investing would set up most of the fighters fairly well.
Like you hear guys with nothing after 15 years and it's like... you could've gotten 150% in whatever you put into the S&P after that long. Normies can become millionaires like this with far less pay, or even the ability to simply fight more to generate anothe purse, so why couldn't they?
There are countless fighters who had lackluster careers but invested the money they earned, Koscheck, Faber owns Condos also. Most fighters aren’t the smartest snd best with money, look Tyron Woodley, he spent all his money on fancy cars, jewelry, mansion and he went broke and blamed racism like he always does on why he went broke. Chad Ochocinco Johnson with his first big contract bought a McDonald’s, he owns 3 now. Deion Sanders teaches his players to invest their money instead of buying the bling, fancy cars and shit. Even Dana White tells his fighters that, to invest. They just don’t listen and or uneducated.