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LOOK: Armando Blount buys his mom a car

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Not every dollar made must be spent in the best possible way. Some purchases have emotional or symbolic value and they deserve to be made.

But the majority of the income should be invested wisely because 15-20 years form now he can be very wealthy without worry with this money he is making. That has real value as well.

Both things can and are worthwhile. Maybe he is well invested for _00k but kept about 50k to blow on a few things like a car for his mom (and almost defintiely himself). All good both ways.
 
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Who TF died & made yall financial advisers???

Where TF do yall get off telling somebody else how & what to spend their money on?

Go ahead & post your bank statements & your portfolio with all the brilliant multimillion dollar investments you've made, otherwise, quit being a jealous *** hypocrite & stop pocket watching College Football players because you're mad they make money.

Yall don't do that sh*t to any other profession & you have no reason to do it to College Football players.

That sh*t is weak & dishonest AF. Either admit why you're really bothered by it, or get the fck over it.

THE MONEY IN COLLEGE FOOTBALL IS HERE TO STAY & THE PLAYERS DESERVE EVERY GOD **** PENNY THEY GET AND THEN SOME. And what they choose to do with it is THEIR BUSINESS.
 
Charles Barkley bought his momma an Oldsmobile with his first paycheck.

Shaq bought himself a Bentley, black on black, came over to show his stepfather, who said, "That's a great lookin' car son, wheres mine?" So they went back to the Bentley dealership to buy him one as well. :D

Buying your parents or yourself a car with your first big paycheck is a perfectly common thing these guys do.

Not everyone is like John Stockton and cruises around in a minivan, lol.

I think the majority of people financials concerns is about the many great athletes that end up broke. And these are young guys, where its far more prevalent to blow your money. I know; I was a young guy once. I don't wanna see our guys broke, injured and suffering. I want to see our guys save, enjoy their lives, then after football, have a comfortable life for them and their families.

There is nothing wrong with advising caution.
 
I find this entire thread sort of fascinating. Kid posts video of him buying mom a car and the comments go in a couple different directions -> yay or shameful judgment. As soon as the video started I thought “kid your heart is in the right place but tap the brakes a second before you put this out there because people are gonna judge.” Sure enough, the internet didn’t disappoint.

Someone mentioned not knowing other people’s positions and someone else mentioned not pocket watching. I totally agree. If Armando was my brother I would whisper to him that it’s usually best to leave personal things personal and not post it on social media. It’s a shame, but that’s sort of the world we live in. At the same time, I get that their generation lives through social media.
 
Well done, Armando. Make your mother happy.

Of course, these young men can do whatever they want with their money. Nice to see someone doing something for his mother. He obviously adores.

And on a side note, we don’t know how this new vehicle was financed. Did he say he purchased it out right? Maybe he’s leasing it and mama will get a new car every year? Maybe an NIL deal offered him a car for use and he said let my mother will use it?
 
Memnon said:
Who TF died & made yall financial advisers???

Where TF do yall get off telling somebody else how & what to spend their money on?

Go ahead & post your bank statements & your portfolio with all the brilliant multimillion dollar investments you've made, otherwise, quit being a jealous *** hypocrite & stop pocket watching College Football players because you're mad they make money.

Yall don't do that sh*t to any other profession & you have no reason to do it to College Football players.

That sh*t is weak & dishonest AF. Either admit why you're really bothered by it, or get the fck over it.

THE MONEY IN COLLEGE FOOTBALL IS HERE TO STAY & THE PLAYERS DESERVE EVERY GOD **** PENNY THEY GET AND THEN SOME. And what they choose to do with it is THEIR BUSINESS.
Click to expand...
Facts
 
An for y'all worrying about blunts finances, if he made his mom an employee let's day his personal assistant an paid $5-$10k a year (since he clearly going to help support her anyway) and then bought the Durango R/T as his company car it now becomes a 100% tax write off, if it is most likely used then it cost at most $30k ( if financed its about $400/month). So this move of giving his mom / employee a company car to drive is a smart financial move thanks to IRS Section 179 vehicle deduction.

Great job young man on momma's car. I agree with some others on the chunk Cuban bracelet not being a sound financial move, but as a flex that **** is tight.

Go Canes
 
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Ive always said this site is filled with million dollar lawyers, hedge fund accountants, real estate moguls and of course..the long term financial planners...

Question..to the posters who seem to have a problem with this purchase..How the **** do you know he didnt already buy his mom 100 shares of Amazon stock? Or whatever stock in your portfolio you deem to be a great buy? You guys assume alot on here. And if he didnt..who gives a ****? LOL. Hes got plenty of time to make those investments. The kid is 18!! I know many of you want us to believe you were playing the market at the age of 15 in your parents basement but sorry..your probably lying. And if you were, great for you. Congrats! Nobody cares. Leave the kid alone. Sheesh.
 
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