Details & photos!! >> https://www.pdxestateservices.com/u...ale-baxft-lx8ss-ecx8n-yxxa6-lw9cs-36ltf-p22t3 https://www.oregonlive.com/blazers/...lling-everything-in-his-portland-mansion.html
Well you know NBA players from back then weren't paid much, maybe he's rooming with your great grandma?
I hope its not a financial issue. I feel for the players that paved the way to todays game and payday, but never got paid.
...I hope so too -- the o-live article mentioned something about all of the most prized possessions have already been moved to his new residence
Porter had $24 million in career earnings as a player. https://hoopshype.com/player/terry-porter/salary/
When you get older, stuff becomes more of a burden than an asset. Shit I have clung onto in life is more than likely going to end up in a donation bin when I've passed on. ...as a writer I've filled many, many notebooks with scribblings that will probably just end up kindling in the fireplace in the end. If Terry can cash out on stuff, good for him! Purging is cathartic!
most of it has been digitized but not all of it. At this point, I just write new stuff. It's become like my DVD collection after getting netflix....redundant. I have a youtube channel for some of it as well..my point is the physical stuff will not be put in a museum when I'm gone and that's ok. In the end, it's just stuff. I donated a truck load of "stuff" to St Vinnie's this year and really don't miss any of it.
Seems like he's moved to a smaller place and will sell the mansion once he gets rid of the stuff that won't fit. Downsizing later in life seems to be the smart financial move although recent articles in a lot of publications (CNN.com, Wall Street Journal and AP) have said that less seniors are downsizing and more are holding onto the houses they raised their families in.
He's probably just downsizing. Comes a point where an empty large house just reminds you of how alone you are (kids gone, etc) For some reason, etc autocorrected to "wtf" which is kinda funny.
I don’t know… after taxes, it’s $12 million and he started his career 40 years ago and he hopes to live about 20 more. $12 million divided by 60 is only $200,000/year. He bought a mansion so…. Of course I forgot to mention his coaching and TV income but I wouldn’t quite call it “set for life.” Oh I forgot to subtract his agent commission too.
The return on investing $5 million conservatively should net you $300k per year fairly easily (while outpacing inflation)... And if he invested that 30 years ago it should be worth a hell of a lot more than $5 million by now.
The income generated by $5 million depends on the type of investments and their yield. For example, if invested in a conservative portfolio yielding an average of 4%, you'd generate $200,000 per year before taxes.
Yes, that is VERY conservative. Any 30 year old investing that conservatively is basically throwing money away.
