Why Mayweather and Pacquiao Will Be Broke In 10 Years

I’m sure you and the rest of the world watched what was supposed to be the fight of the century…

Money Mayweather versus Manny Pacquiao.

It is estimated that after the 60/40 split, Mayweather pocketed close to $200 million and Pac-Man will take home $120 million.

But even with all of that…these 5 bad habits could cause them to be broke in 10 years… says Marc Lichtenfeld of The Oxford Club.

1. Reckless spending.
It has been reported that Mayweather does not wear the same pair of underwear twice. And he routinely leaves once-worn pairs of sneakers behind in hotel rooms.

2. Buying depreciating assets.
Mayweather has an incredible car collection. He has at least 25 ultra-luxury vehicles to choose from on any given day. Which immediately lose value when they are purchased, and continue to lose value the more you drive them.

3. Spending money to impress people they don’t care about.
Pacquiao spent $3 million on 900 tickets for his own fight. ┬áMost of the tickets were for his enormous entourage which is notorious for disappearing when the money’s gone.

4. Forgetting that the tax man will come.
Both fighters reportedly have huge tax issues facing them, which won’t go away anytime soon.

5. Carrying too much cash.
Mayweather is known for carrying hundreds of thousands of dollars on him in bags. The problem is he can’t track how he spends it and he can’t trust his entourage who carries it for him.

Remember what happened to “Iron Mike” Tyson? Well, watch for a repeat with Mayweather and Pac-Man.

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