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Life After Basketball: Why Allen Iverson Still Struggles Today

by Minority Fortune

At 37 years old and already in retirement with over $150 million dollars earned over his career, Allen Iverson should be living the life claimed by the distinguished 1%. Yet, his life mimics the tale of someone we may all know in our lives: emotionally broken, financially unstable, an addict, and other destructive behaviors. This goes to show that all the money in the world can’t fix a broken individual.

For a man that lost his wife, children, money, friends, career, and self, you would think that a wakeup call would have occurred somewhere: the divorce that took away about half of his assets, the $61 his wife had to give him in 2012 just so he could avoid going hungry, the fact that the judge over his child custody case ruled him as a terrible parent, the millionth drunken state, and countless other incidents, including those that we may never know about.

Allen Iverson still struggles with an identity after basketball. The Washington Post wrote a recent article detailing the basketball star’s internal battle and turbulent past. One paragraph frankly reveals the depth of Iverson’s delusions:

“Iverson kept living as if another contract was imminent, and Tawanna struggled to curb his spending. According to a bank statement submitted in the divorce, the couple’s checking account was overdrawn by more than $23,000 in July 2011. In a single day, $23,255.36 was deducted – at a diamond store, a hat shop, a steakhouse and a hotel.”

While no can ever deny the talent that Iverson had on court, he has never possessed a talent in handling money. Anyone can blow $23,000 in a day. However, he is not alone as few have mastered the art of curbing their spending and even fewer have mastered the art of maxing their full potential for earning income. Quite honestly, Iverson never really internalized how difficult it was to earn money since he was given money for something that he lived, enjoyed, and craved that luckily just happened to award him with 9-figure deals. Now that primetime is over for the basketball star, is it any surprise that he struggles to bring in a significant paycheck anymore? Not at all.

In 2030 Iverson will get one more chance to retire gracefully. The Washington Report states that “Reebok signed him to a huge endorsement deal, including a deferred trust worth more than $30 million, a lump sum he can’t touch until he turns 55.” His wife was allegedly awarded half of it in the divorce, so she will be awarded $15 million. Nonetheless, $15 million will be more than enough to live a comfortable life in old age. However, if the foreclosures and poor spending habits continue for the next 16 years, by the time he gets his trust funds, they will be garnished to pay any unpaid tabs or taxes.


At this point, Allen, it’s do or die. You’re a broken man, but you can always resurrect a new you. Afterall, Rome wasn’t built in a day, as they say. It won’t be any alcohol, basketball, or money that will do the fixing, as you can see for yourself since you’ve experienced all three concurrently for decades. What has to change is your outlook.

Your wife quoted something from you that was very, very profound: “What are you supposed to do when, you know, they don’t want you anymore?” You have feelings of being unwanted. While those feelings have likely spun out of a chaotic upbringing, you continue to revisit that pain everytime you speak or think those words. To get to the root of the problem, you will need to learn how to love yourself. A broken person will live a broken life and attract other broken people around them. You aren’t just going to wake up one day and have these problems disappear.

Usually people that carry around the hardly wealthy mindset carry a lot of emotional baggage. It’s normal, and all humans possess some amount of baggage. If it cripples you and it hinders you from carrying out your purpose on this planet, then it’s time to have an intervention. Get help and remove yourself completely from your toxic environment that you yourself created.

We all need to look inward and discover who we really are. Your native tongue, whether it’s English or something else, will never be able to fully describe what you really are. We are all beyond man’s limited depictions of who we really are. In Allen’s case, he’s much more than a basketball player. However, he will have to come to know for himself how true that is. In the meantime, know for yourself that you are always more than you ever imagined. From that belief will come the mindset that will further your emotional, personal, and financial ambitions in a positive way.

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