Antoine Walker’s difficulty managing his personal finances has been noted in this space before, but not until today has the former Celtics star opted for the “Do As I Say, Not As I Do” approach, as Fox Business’ Julia Limitone reports :
“You become a millionaire overnight and you don’t know what do with it. We don’t understand taxes. We don’t understand lifestyles. We create a big expensive lifestyle for ourselves… I had some fetishes that I liked, materialistic things… and then obviously you get into an investment world that you don’t know about, that you don’t learn about in college and you put your money in the hands of other people that try to take care of it,” he said.
While the NBA does give its rookie players a “crash course” on finances, Walker said it needs to do more. That’s why he’s teaming up with Morgan Stanley Global Sports & Entertainment (MS) to help educate student athletes on their finances.
On the matter of fetishes, Walker’s strong affection for white tennis shoes already resulted in a 2012 series of eBay auctions.