allen-iverson-massive-debt

Living above your means seems to be very popular these days. Even celebrities have a hard time keeping their money right. Allen Iverson has been put on blast about his debt. On the other hand he’s still spending like he never stopped playing for the NBA. Since his divorce it was noted that he spends $358,376.66 a month. Groceries, mortgage, jewelry, and entertainment were some of the main things that Iverson was spending his money on. Not to mention his Maybach that apparently is paid off. However, to help with some of his debt he decided to auction off one of his houses. It’s all good as long as the person is riding in style. Who needs a house right?

Source: The Urban Daily