All about living within your means young man, your $850k salary won't be enough

[theking]

..if you go above your it...and that can apply to any salary amount just ask guys like Mike Tyson:

Gilbert Arenas slept at Oracle Arena after spending Warriors rookie salary

Gilbert Arenas wasn’t exactly frugal with his finances at the start of his NBA career.

In a new interview, the former All-Star guard told “VladTV” that he spent his entire $850,000 rookie salary before he was even drafted 31st overall by the Warriors in 2001.

And after a lavish spending spree — that included an Escalade with five TVs in it — Arenas said he was forced to follow a strict budget (by his standards) of $500 a month.

“That’s gas money. Girlfriend, two dogs, I didn’t have any money. I couldn’t even drive back and forth to [Oracle Arena], so I had to stay at the arena sometimes. I slept in the arena,” he recalled.

Golden State now plays at Chase Center in San Francisco.

“I was basically homeless, but I just couldn’t afford the gas all the time,” the 39-year-old said.

Arenas played for the Warriors for two seasons (2001-02 and 2002-03), before he signed a six-year, $65 million contract with the Wizards.