Ultimate Fighting Championship mega-star Conor McGregor has been teasing a potential bout with retired boxer Floyd Mayweather Jr. for over a year now, and it may be time for Mayweather Jr. to lace up the gloves again. Legendary financial advisor Tony Robbins has been taking a look at Floyd’s spending habits and believes he may be spending a bit too much money.
In a recent article from Robbins, he states that Mayweather Jr. spends over seventy-five million dollars per year and has advisors fearing his ruin [read the full article HERE]:
“It would seem that Mayweather has more money than he would know what to do with, but he has certainly put that idea to the test in the past. Notorious for his exorbitant spending sprees and reckless financial behavior, Mayweather reportedly spends up to $75 million a year, a habit which has landed him in some serious financial trouble in recent years, defaulting on loans and incurring penalties from the IRS for unpaid taxes.
Make no mistake, Mayweather is an extraordinarily gifted athlete with a ridiculous work ethic. He earned every single dollar he made. But his money mentality is earn and spend. Rapper 50 Cent, Mayweather’s former business partner, has simplified the boxer’s financial strategy: “It’s fight, get the money, spend the money, fight. Fight, get the money, spend the money, fight.” If he stops fighting, the money machine stops, the cash flow stops, his income stops — his financial world comes to a grinding halt.”
