Mike Tyson Names the One Problem Money Can’t Solve

Mike Tyson, a face of the retro boxing era, lived his life to the fullest. He was the most animated star in his prime, who became a quintessential hero for every boxing fan. Whilst present-day boxers earn millions for their brand endorsements today, Tyson minted money purely by letting his fists fly within the squared circle.

‘The Baddest Man On The Planet’ went from rags to riches over the course of his extravagant career. Having experienced both ends of the spectrum, ‘Iron’ Mike feels there’s one problem that even an excessive amount of money cannot solve. On the Hotboxin podcast, Tyson laid his notions on the pertaining juncture.

He said, “This is what some people don’t understand, poverty never goes away. I don’t know how much money you ever get. It doesn’t go away and you think money’s gonna solve everything you can’t solve that your poverty, your degree of poverty blows your mind. Look how much money you get, it just blows your mind.”

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Mike Tyson filed for Bankruptcy in 2003

Tyson approximately earned more than $300 million in his career. But, ‘The Baddest Man On The Planet‘ blew up all that money and filed for bankruptcy in 2003. He owed a magnificent amount of money to several law firms, his finance manager, and more.

‘Iron’ Mike kept an unusual lifestyle and threw frequent parties for his friends and family. He even kept an enthralling collection of cars and animals, which was symbolic of his lavish lifestyle. However, all that changed two years before his retirement. Hence, as ‘Iron Mike’ aged, he understood the importance of wealth and started building on the same without spending much on unnecessary stuff.

What do you derive from Tyson’s comments?