Stoute also broke down why so many athletes and entertainers go broke.
“That’s [something] that people put on athletes, or rappers, and primarily African-American overnight millionaires…But the truth of the matter is, when you grow up in life and you’re poor, and because you’re an athlete or you got rich overnight in music, unless you have access to financial advice or for the transition or matriculation of that process, then of course, you’re going to go broke.”
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