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Renowned boxer Mike Tyson [https://www.essentiallysports.com/tag/mike-tyson/], who is recognized as one of the all-time greats in his profession, recently opened up to Boxing King Media during an interview about his problems with poverty. Tyson explained how he was able to create a fortune worth millions by the age of 22 in an unexpected disclosure. In addition, the distinguished boxer revealed fascinating perspectives regarding the mindset of prosperous boxers and his assimilation of their blunders as lessons to guarantee his exemption from penury and obscurity like those who preceded him. Nonetheless, the most astounding facet of the conversation was Tyson’s distinctive outlook on money management and how it shaped his professional trajectory. MIKE TYSON ON HIS EXPERIENCE WITH WEALTH AND SUCCESS Mike Tyson recently did a podcast with Boxing King Media where he spoke candidly about his personal experiences with money, fame, and the boxing industry. During the podcast, Tyson opened up about his struggles with managing his wealth and how it affected his life and career. “I’m from poverty. I’ve been used and abused. Where you can use a human being, I have been used,” Tyson said. “And all of a sudden, say I got a $60 Million and I’m 22 years old, and I have nobody to tell me Hey Mike put that in the high heel account, because I never knew money. The only thing I knew, that fighters at the end of the day, we finish with nothing.” Tyson also shared how he studied the lives of successful boxers like Gene Tunney and John Morrissey, who were able to retire with money and maintain their wealth after their careers were over. “Those are the only two guys that I know that were successful and had money and their money lived longer than them. They weren’t the greatest fighters in the world. But had a great team, those guys. Those two guys that retired with money, nobody knew who the f*ck they are. You know all the broke guys, are they all the guys that died, broke and home poor? The whole world know their name. I said i’m gonna beat these guys.” Tyson also discussed how he had a difficult time trusting banks and never wanted to spend his money, fearing he would end up like other boxers who finished their careers with nothing. “The only thing I knew, that fighters at the end of the day, we finish with nothing. I studied all the great fighters. I said I’m gonna beat these guys that finish with nothing, and the world’s gonna know my name,” Tyson said. Mike Tyson [https://image-cdn.essentiallysports.com/wp-content/uploads/GettyImages-1288364299.jpg]LOS ANGELES, CALIFORNIA – NOVEMBER 28: Mike Tyson celebrates after receiving a split draw against Roy Jones Jr. in the locker room during Mike Tyson vs Roy Jones Jr. presented by Triller at Staples Center on November 28, 2020 in Los Angeles, California. (Photo by Joe Scarnici/Getty Images for Triller) In conclusion, Mike Tyson’s podcast with Boxing King Media sheds light on the struggles that come with sudden fame and fortune. Tyson’s experience highlights the importance of financial literacy and having a trusted team to manage wealth. Recently, in an episode of his podcast Hotboxin’, he talked about how inflation led him to bankruptcy [https://www.essentiallysports.com/boxing-news-despite-400-million-net-worth-in-the-90s-mike-tyson-reveals-how-inflation-killed-him/]. Boxing [https://www.essentiallysports.com/boxing-ufc-mma-news-mike-tyson-reveals-why-bad-guys-are-financially-successful-in-boxing/] So, what steps are you taking to secure your financial future? Are you learning about personal finance and investing? Share your thoughts in the comments below. [https://www.essentiallysports.com/stories/boxing-news-this-man-terrified-mike-tyson] 

Discover the story of 22-year-old Mike Tyson and how he felt lost despite having
$60 million. Learn from his mistakes.

Mrinal Mishra is a senior writer for Boxing at EssentiallySports. With over 1300+ articles to his name, Mrinalâ€™s articles often find congratulatory mentions from boxing greats like Mia St. John. 
His comprehensive live event reporting  includes spectacles like Canelo Ãlvarez vs. Jermell Charlo and Tyson Fury vs. Francis Ngannou. Mrinalâ€™s expertise extends beyond event coverage, as evidenced by his adept handling of breaking news like Floyd Mayweather picking a fight with Jake Paul in the streets of Miami. 
Mrinal's weekly columns offer expert insights into help readers stay abreast, be it Manny Pacquiao's involvement with the Olympics, or Canelo Ãlvarez denying a fight to David Benavidez. Outside of his professional endeavors, Mrinal maintains a healthy lifestyle, frequently hitting the gym to stay fit, that is until the latest boxing update arrives.

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"Mike Tyson UNDISPUTED TRUTH - Live On Stage" At MGM Grand In Las Vegas

‘Used and Abused,’ 22-Year-Old Mike Tyson Felt Lost Despite $60 Million in His
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Discover the story of 22-year-old Mike Tyson and how he felt lost despite having $60 million. Learn from his mistakes.

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‘Used and Abused,’ 22-Year-Old Mike Tyson Felt Lost Despite $60 Million in His Posession

https://www.essentiallysports.com/boxing-news-used-and-abused-22-year-old-mike-tyson-felt-lost-despite-60-million-in-his-posession/

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EssentiallySports is the home for the underserved fan, delivering storytelling that goes beyond the headlines. As a media platform, we combine deep audience insights with cultural trends, to meet fandom where it lives and where it goes next. Founded in 2014, EssentiallySports now engages with an audience of over 30m+ American sports fan on its website and 1m+ readers on its newsletters daily.

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‘Used and Abused,’ 22-Year-Old Mike Tyson Felt Lost Despite $60 Million in His Possession - EssentiallySports

‘Used and Abused,’ 22-Year-Old Mike Tyson Felt Lost Despite $60 Million in His Possession

Mrinal Mishra is a Boxing writer at EssentiallySports, who is dedicated to covering live events with a special emphasis on influencer boxing events. With a focus on storytelling, Mishra strives to bring to light the stories of fighters that often go untold. As a big fan of Mike Tyson, Mishra believes that boxing will remain relevant for eternity, and he is committed to covering the sport with the respect and admiration it deserves. Outside of his writing, he enjoys leading a healthy lifestyle, hitting the gym regularly, and staying up-to-date with the latest developments in the world of boxing.

‘Used and Abused,’ 22-Year-Old Mike Tyson Felt Lost Despite $60 Million in His Possession

‘Used and Abused,’ 22-Year-Old Mike Tyson Felt Lost Despite $60 Million in His Possession

Mike Tyson on his experience with wealth and success