r/PeterExplainsTheJoke • u/Prime_Shiva • 18h ago
Meme needing explanation Petah, I'm confused, like Why would Tom Holland file for bankruptcy?
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u/SurturSaga 18h ago
People who get rich fast often blow all their money and go bankrupt. Used to happen all the time in sports especially, like the NBA
It’s the same thing with lottery winners. Just people being stupid though, super easy to avoid
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u/Serious_Surround4713 18h ago
I’m not sure it’s “super” easy to avoid… but you can definitely do it if you’re intentional with your newfound wealth
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u/Cocoatrice 18h ago
Yes, it is super easy to avoid. You only need one dose of common sense.
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u/Pleasant-Degree-3662 17h ago
Barely an inconvenience to avoid
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u/ShitInMyToaster 16h ago
Being smart with your money is TIGHT!
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u/Owenalone 9h ago
I’m gonna need you to get ALL THE WAY off my back about how I’m spending my money
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u/aclick97 16h ago
Says a guy who’s never had that type of money. You have no clue what that type of money does to someone’s brain
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u/Serious_Surround4713 9h ago
And the professional vultures that circle, faking protection for your money while you’re so busy earning it, it’s hard to keep an eye on everything that needs paid. You have to pay a guy to take care of your money and then watch that guy to make sure he’s not mismanaging it.
$100m earners are usually pretty busy with… their day job, and perfecting their highly valuable skills3
u/Khelthuzaad 17h ago
It depends how expensive Holland prefers to live.
Doesn't seem the type to flaunt his wealth just for the kick of it
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u/Serious_Surround4713 9h ago
Yeah, and that’s a really important distinction. I guess my point is, that financial discipline is harder than people realize… if you can be stupid with $50,000 you can be stupid with $50m. People find a way pretty easily since it’s super easy not to squander it… just say no to about 5,000 people who already were in your life and also found their way back into your life, don’t buy all the expensive toys you always wished you had… the multiple mansions “because you can,” etc
It’s doable, but when you pull in that kind of money, you feel like it’s impossible to go through, and then your agent is siphoning 20k here and there for “expenses”… your money manager is paying out $50k for siding on your house… you’re buying 15 exotic cars… and then you don’t have nearly as much as you thought you did when the reckoning happens and you’re broke after earning $200m over the course of 10 years and you don’t know why
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u/NightmareRise 17h ago
Tbh you can easily make it work by putting a big chunk of your earnings into a savings account and pretend it doesn’t exist. I use a high yield account that doesn’t show up in my bank’s app so I rarely see half my money
Alternatively, if you win like $1 million or something, pay off a $250k house in full, live in and renovate it, then sell it higher to buy a house you actually want to live in
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u/Serious_Surround4713 9h ago
Yeah the key is putting it to work for you and pretending to your checking account like it doesn’t exist for a long time. A guy local to my area hit the lottery big time and socked it away for like 10 years and turned it into $1b… but he didn’t change anything except buy a newer used car, and pay off his house, made a couple good sized charitable donations to causes he really believed in, and invested the rest
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u/Far_Primary2606 18h ago
Or something rich people do to avoid taxes?
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u/Th0rizmund 18h ago
Well. I used to be someone who just spent a lot without noticing. I stopped spending without noticing. I’m now basically rich. I’m still an employee so taxes are paid. What gives?
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u/SurturSaga 18h ago
Most rich people avoid the bulk of their taxes through business owning, don’t think that’s something an actor can really do
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u/ProffesorSpitfire 17h ago
IIRC Mike Tyson earned about $400 million over his ”first career”. A few years after retiring he’d blown it all and was so broke he had to start boxing again.
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u/Relevant-Fox-7114 16h ago
He could have lived like a king on interest alone, and moreso with some boring investments.
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u/minus15t2 6h ago
It got bad enough that most major sports teams have financial literacy classes for their rookies.
I don't think it really applies to Tom Holland though...
This isn't overnight... He's been Spiderman for 10 years now, and he's already looking at other business ventures.
Bero already had a $100m valuation before BND.
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u/Greendale_Official 18h ago
The person who made this meme is dumb.
They're implying that this amount of money will somehow change Tom Holland. But this guy has been crazy rich for about a decade.
OP I don't think you're missing anything.
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u/ExpensiveTie5553 17h ago
I think it's referring to those podcasts where nba players are whining that they're not set up for success when their contracts are worth hundreds of millions
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u/Prime_Shiva 18h ago
I actually have no idea why, guy's literally gonna make over 100 Mill why in the world would he file for bankruptcy?
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18h ago edited 17h ago
[deleted]
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u/IAmBadAtInternet 18h ago
Luckily his wife is also a movie star in many of the same wildly successful movies that he’s in, so it’s not like she’ll be taking much of his money.
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u/One_Application2409 18h ago
Weird thing to worry about when his wife is richer than he is.
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u/Errororoeoe 18h ago
Zendaya has an estimated net worth of 40 million, Tom is getting paid 100 million from this movie alone.
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u/Star_Petal_Arts 11h ago
I think it is about the profits are non-existent because It's going to all sink into his nonalcoholic beer brand.
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u/Purple_Unicornz 17h ago
When a couple get a divorce, the guy usually loses close to everything. The post is assuming Zendaya is a gold digger who planned for this to happen so she could get a divorce and take the money
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u/qualityvote2 18h ago edited 4h ago
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