Reddit user spreadsheet for payouts revealed by Dana

[mime]

he needs an agent, b-movie villain should let him live comfortably for the rest of his life

 

[Fight Professor]

I do kinda feel bad for Chuck.

You retire and your rich-as-fuck friend says "don't worry, you'll have a 6-figure a year job working here for life, you don't even have to show up to work." It's basically a pension. You know you have that guaranteed money, you're going to be spending like a motherfucker. Saving for a rainy day is going to be far, far down the list. Chuck had no reason to ever think the UFC would part ways with him and that money would go away.
Then all of a sudden the rug gets pulled from under him.

One has to be an idiot to believe in a guaranteed job unless you live in a communist-esque country like former USSR.

 

[acannxr]

How people go broke after 8 years of half a million dollars earnings annually is beyond me

Nuts.

According to a 2009 Sports Illustrated article, 78% of National Football League (NFL) players are either bankrupt or are under financial stress within two years of retirement and an estimated 60% of National Basketball Association (NBA) players go bankrupt within five years after leaving their sport.[1]

 

[IGotAHugePeckah]

One has to be an idiot to believe in a guaranteed job unless you live in a communist-esque country like former USSR.

When your best friend, who has a 9-figure net worth and is at the helm of a multi-billion dollar company, tells you that you have a position there for life, anyone would be inclined to take that seriously.

 

[13 others]

According to a 2009 Sports Illustrated article, 78% of National Football League (NFL) players are either bankrupt or are under financial stress within two years of retirement and an estimated 60% of National Basketball Association (NBA) players go bankrupt within five years after leaving their sport.[1]

I know it isn't unique to chuck. Crazy how anyone making that type of income could go broke. All you need os to invest 6 months of income into an index fund and you could be set for a modest life without ever working. Its crazy.

 

[20falarVerdades]

When your best friend, who has a 9-figure net worth and is at the helm of a multi-billion dollar company, tells you that you have a position there for life, anyone would be inclined to take that seriously.

No lol, so many things can wrong

 

[cevo]

Where the hell did all of Chuck's money go?

 

[NoSmilez]

Chuck made really bad investements such as bars and stores selling trinkets. He also got ripped off in a Ponzi scheme. I am not even counting the drug use since it's never verified but he was dating pornstars.

 

[cevo]

According to a 2009 Sports Illustrated article, 78% of National Football League (NFL) players are either bankrupt or are under financial stress within two years of retirement and an estimated 60% of National Basketball Association (NBA) players go bankrupt within five years after leaving their sport.[1]

Jesus. NFL and NBA needs to invest in some personal financial advisors for these crazy fuckers spending all their money on cocain and hookers.

 

[nublood]

According to a 2009 Sports Illustrated article, 78% of National Football League (NFL) players are either bankrupt or are under financial stress within two years of retirement and an estimated 60% of National Basketball Association (NBA) players go bankrupt within five years after leaving their sport.[1]

Yep. My ex bro in law played for the NFL for 10 years. He's now facing bankruptcy and having to live off his parents.

 

[Lift2live]

was just watching Chuck's library of fights, seeing him KO everybody, Saw G Clooney at his fights with TIto. He really made UFC mainstream

Dont understand this stuff. So how much has Chuck made in UFC?

 

[NoBiasJustMMA]

Ironic he was an accountant before fighting

His money management skills is probably part of why he changed careers.

 

[Rebel_LioN]

Jesus. NFL and NBA needs to invest in some personal financial advisors for these crazy fuckers spending all their money on cocain and hookers.

I’m a financial advisor for a pretty huge wealth management firm and believe me, it really doesn’t matter how much money you make. I’ve worked with some high earners who haven’t saved a penny and are drowned in debt and I’ve worked with folks who make 35k and they’re trajectory is completely different.

 

[Verace]

No lol, so many things can wrong

Forrest was real smart not sitting on his ass and actually showing up, doing something and making himself useful.

Ended up being the only guy they kept, for a reason

 

[acannxr]

Forrest was real smart not sitting on his ass and actually showing up, doing something and making himself useful.

Ended up being the only guy they kept, for a reason

He was also frugal with his money, the dude is still driving the car he won from TUF 1!

 

[ImNotSurpisedDonks!]

Where the hell did all of Chuck's money go?

It's amazing how people will spend what's available. If you or I were given 100k, that would seem a lot, but to Chuck living the life of the famous and rich, that was a bangin' night out at the pent house suite and a few toys to play with, all of which were poor investments. And when you are a dumb athlete and you want to make smart investments, you can be sure some one will be waiting there to take all your money in some shady scheme.

 

[TITS]

View attachment 487345

 

[Haifisch]

I do kinda feel bad for Chuck.

You retire and your rich-as-fuck friend says "don't worry, you'll have a 6-figure a year job working here for life, you don't even have to show up to work." It's basically a pension. You know you have that guaranteed money, you're going to be spending like a motherfucker. Saving for a rainy day is going to be far, far down the list. Chuck had no reason to ever think the UFC would part ways with him and that money would go away.
Then all of a sudden the rug gets pulled from under him.

Dude, Santa ain't real.

 

[chuckleknuckle]

It's hard to be set up for life. I earn 6 figures, and my plan was to retire when my savings hit 500k.

I know that as soon as i do, my girlfriend will want to move to a bigger house, spending at least 250k of that more than our current house.

Boom, I'm down to 250k with nothing but an extra couple of empty bedrooms to show for it. At 2% interest, that's 5k per year, so can't just live off the interest. I live another 40 years, 250k plus dwindling interest gets me a pretty basic lifestyle.

I'm better off on welfare probably.

 

[Hoof Hearted]

Now come on don't play stupid, you know the context here: Chuck Liddell is a UFC legend and (former?) best friend of the UFC president. It wasn't a "free lunch" - many ex-athletes are given cushy "ambassador" positions.

If you're told you have a job for life it's wise not to take it literally.