“He Said…”- Ryan Garcia Shares Financial Advice Received From Once Bankrupt Mike Tyson

Lightweight contender Ryan Garcia is only days away from his 23rd professional fight in boxing. The 23-year-old is still undefeated and asserts that the sky is his only limit. Former world heavyweight champion Mike Tyson recently encouraged the former WBC interim lightweight champion, Garcia. Seeing Garcia’s contribution to boxing, Tyson felt the no 6 lightweight contender was indeed a ‘big star.’ However, in Tyson’s opinion, Garcia was yet unconscious of how big a star he made.

Lately, Ryan Garcia appeared on The Cruz Show podcast and they asked him about the advice he had received from Mike Tyson. At this, incited by the hosts, Garcia first mimicked Tyson’s famous Lennox Lewis speech but then, coated with seriousness, in a deep voice he expressed:

“He did say a couple of things. He said watch your money and buy your mom a house.

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Often, young fighters, failing to realize the world around them, end up broke and stripped off their benefitting and positive public image. At this, Mike Tyson’s words for Garcia seem to not only arrive packed with good wishes but lessons learned from life.

When Mike Tyson went bankrupt

In 2003, after his loss to Lennox Lewis and victory against Clifford Ettiene, Mike Tyson filed for bankruptcy. He was thirty-seven and both his boxing skills and earning power were diminishing at the time. A financial manager, a music producer, a former trainer, seven law firms, and his ex-wives were amongst the many who were owed money by Mike Tyson.

Reportedly, Tyson’s debts were more than $27 million. According to data available in the public domain, Tyson owed Kimberley Scarborough, the mother of Tyson and Scarborough’s daughter, $51,949 in child support. Apart from that, Tyson had to pay $9 million to Monica Turner for the divorce settlement between the two. The list was endless and even suffocating to a point. Reportedly, Tyson had also owed The Internal Revenue Service $13.4 million and the British tax authorities $4 million.

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After Tyson went bankrupt in 2003, he fought two more times and retired from pro boxing. Anyway, do you think Tyson has designation enough to give Ryan Garcia advice on money? In addition, do you think Garcia, according to Tyson’s advice be careful with his money? Let us know in the comments.