“I Didn’t Want to Put My Money in a F***ing Bank”: Years After Filing for Bankruptcy, Mike Tyson Makes Honest Confession About His Past Reckless Spending Habits

Mike Tyson‘s career spanned nearly two decades. He received seven and eight-figure paychecks after becoming the youngest Heavyweight champion. He saw his fortune go sky-high—over $400 million. But then he also went through a phase where his riches witnessed a free fall. It led him to a stage where he had to declare himself bankrupt. He has come a long way since then, leaving behind those episodes of ups and downs.

Mike Tyson was discussing his past financial moves with the most recent guest on his podcast. Given what he shared, it might resonate with many fans and followers how his lifestyle decisions led him to part ways with his hard-earned wealth. The once ‘Baddest Man on the Planet’ is now well settled. He enjoys newfound success as a globetrotting businessman and in the entertainment industry.

Mike Tyson recalibrates the nostalgia

One of the most iconic images of Mike Tyson, which most fans love returning to, remains of him being accompanied by his Royal Bengal tigers. Reportedly, life in the fast lane and reckless spending saw him kiss goodbye to some of the highest-grossing paydays. And as it appears, the idea of saving the money perhaps never appealed to him. He was speaking with Grant Cardone, the best-selling author and owner of the private equity real estate firm Cardone Capital.

During the conversation, the latter was explaining his 10X concept to the hosts. He told them how a manifold increase in efforts, be it money, products, or skills, ensured survivability through hard times. In its absence, he almost went bankrupt during the 2008 economic downturn. As soon as he finished, Mike Tyson joined. “When I was young, I didn’t want to put my money in a f***ing bank. I wanted to just have it in my bag in my room; come on, let’s go…”

When Cardone probed further what all the former Heavyweight champion did with the money, the response came, “Oh it’s not going to no f***ing bank …oh it went everywhere else, it went to my friends, went into some houses, went to my d**k it was just all over the place…”

Nobody knows what would have happened had Tyson saved the money he passed up. Probably, his financial status would be drastically different. However, his admission speaks volumes about how he changed and resurrected himself as a successful man with a loving family.

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What’s your take on the discussion? Do you also believe that putting money in the bank is not wise? Please share your thoughts with us in the comments below.

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