Author Topic: If you win an Olympia are you financially set for life?  (Read 4767 times)

Gargamel

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If you win an Olympia are you financially set for life?
« on: September 06, 2019, 12:49:54 PM »
What I mean is can you live comfortably off your name selling Protein and training videos. Discounting stupid career decisions of course.

dan18

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Re: If you win an Olympia are you financially set for life?
« Reply #1 on: September 06, 2019, 12:54:04 PM »
What I mean is can you live comfortably off your name selling Protein and training videos. Discounting stupid career decisions of course.
Just because you win doesn't mean anyone will use you to sell there snake oils they go with anyone who has a good reputation
p

IronMagazine.com

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Re: If you win an Olympia are you financially set for life?
« Reply #2 on: September 06, 2019, 01:07:34 PM »
What I mean is can you live comfortably off your name selling Protein and training videos. Discounting stupid career decisions of course.

Only if you are smart.

AbrahamG

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Re: If you win an Olympia are you financially set for life?
« Reply #3 on: September 06, 2019, 01:10:49 PM »
I'd say you'd be well on your way so long as you don't go out and start raping.

IroNat

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Re: If you win an Olympia are you financially set for life?
« Reply #4 on: September 06, 2019, 02:17:11 PM »
Just one win?

No.

Marvin Martian

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Re: If you win an Olympia are you financially set for life?
« Reply #5 on: September 06, 2019, 02:26:47 PM »
I'd say you'd be well on your way so long as you don't go out and start raping.

I see what you did there... 😁

Powerlift66

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Re: If you win an Olympia are you financially set for life?
« Reply #6 on: September 06, 2019, 02:36:39 PM »
One win?? Nah... Years worth of food, drugs and coach and only win 400K After taxes, expenses, walk away w/ not much.
Even Heath has to steal and pawn jewelry after all his wins. Sponsorships aren't very good these days.

Royalty

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Re: If you win an Olympia are you financially set for life?
« Reply #7 on: September 06, 2019, 02:46:00 PM »
Set for life... yes.... but ... only if you train at Oxygen in Kuwait

Flexacon

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Re: If you win an Olympia are you financially set for life?
« Reply #8 on: September 06, 2019, 02:46:36 PM »
Only if you are smart.

You wouldn't be doing all those drugs in the the first place if you were smart! So the answer is no.

anvil

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Re: If you win an Olympia are you financially set for life?
« Reply #9 on: September 06, 2019, 02:50:33 PM »

Even Heath has to steal and pawn jewelry after all his wins.

Hahahahaahahahahahaa! Dumb Phildo

Darren Avey

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Re: If you win an Olympia are you financially set for life?
« Reply #10 on: September 06, 2019, 02:51:02 PM »
Who cares about the money.  If you win the O you're in the history books has having won the greatest prize in the whole world

Royalty

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Re: If you win an Olympia are you financially set for life?
« Reply #11 on: September 06, 2019, 02:53:32 PM »
Who cares about the money.  If you win the O you're in the history books has having won the greatest prize in the whole world

So just let the “athletes” starve... and let the IFBB pocket all the sponsorship money?

anvil

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Re: If you win an Olympia are you financially set for life?
« Reply #12 on: September 06, 2019, 02:55:31 PM »
Winning the Olympia title ranks in prestige right up there with winning best blueberry pie in the county fair

IRON CROSS

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Re: If you win an Olympia are you financially set for life?
« Reply #13 on: September 06, 2019, 03:03:04 PM »
What I mean is can you live comfortably off your name selling Protein and training videos. Discounting stupid career decisions of course.


Yeah, Mr.Vince G. could invest your $$$ & you'll have a very happy life ........................

& you could sell Sandow for $ 345  ;)

Irongrip400

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Re: If you win an Olympia are you financially set for life?
« Reply #14 on: September 06, 2019, 03:50:04 PM »
fuck no

MCWAY

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Re: If you win an Olympia are you financially set for life?
« Reply #15 on: September 06, 2019, 04:13:30 PM »
What I mean is can you live comfortably off your name selling Protein and training videos. Discounting stupid career decisions of course.

Larry Scott won two and only got $1000 and a crown.

Arnold Schwarzenegger May be the only multiple winner to see his pay to DOWN. One year his cash prize went from $1000 to $750, I think.

IronMagazine.com

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Re: If you win an Olympia are you financially set for life?
« Reply #16 on: September 06, 2019, 04:20:14 PM »
You wouldn't be doing all those drugs in the the first place if you were smart! So the answer is no.

I think Jay Cutler is doing pretty well for himself.

Earl1972

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Re: If you win an Olympia are you financially set for life?
« Reply #17 on: September 06, 2019, 04:22:07 PM »
i thought jay said the difference between winning and 2nd place was huge because having the olympia win on your resume would drastically increase the amount of appearances you would receive plus the amount you would be paid for those appearances

the check they receive from winning alone could be invested wisely and pay them for the rest of their lives

E
E

tommywishbone

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Re: If you win an Olympia are you financially set for life?
« Reply #18 on: September 06, 2019, 04:28:00 PM »
a

IRON CROSS

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Re: If you win an Olympia are you financially set for life?
« Reply #19 on: September 06, 2019, 05:43:28 PM »
Larry Scott won two and only got $1000 and a crown.

Arnold Schwarzenegger May be the only multiple winner to see his pay to DOWN. One year his cash prize went from $1000 to $750, I think.


NABBA Pro Mr.Universe 2019 = 2 trophies (bronze statues or glass vase, not + $ 800 in value) & medal , 5kg of protein powder  :-\


Coach is Back!

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Re: If you win an Olympia are you financially set for life?
« Reply #20 on: September 06, 2019, 05:49:54 PM »
What I mean is can you live comfortably off your name selling Protein and training videos. Discounting stupid career decisions of course.

If you've made it to the Olympia chances are you've already won a few shows, established a name for yourself, secured sponsors and have made WISE INVESTMENTS. Winning an Olympia can only further this. Winning at an older age such as Shawn or Dexter only enhances the wealth. My guess is that if you're a top 6 Olympian, you're set

Tbomzisback!

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Re: If you win an Olympia are you financially set for life?
« Reply #21 on: September 06, 2019, 07:55:33 PM »
 A smart investor could use 400k tax free and set themselves up for life - would still need at least some part time work most likely, but it could work depending on your location. If you live somewhere that houses can be purchased for $100k, for example. Buy yourself a small  one to live in, buy another one to rent. Maybe rent a room in your place for a while. After a few years buy another rental house. Within 10 years you would have 4-5 rental homes and your own house, all paid off, with enough income to pay all your bills and slowly build up savings.

oldtimer1

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Re: If you win an Olympia are you financially set for life?
« Reply #22 on: September 06, 2019, 08:08:42 PM »
What is the Olympia prize? 200K?  Maybe another 400K in endorsements. If you're active maybe for five year you can make during that time maybe 3 million. Really 1.5 after taxes. First you buy the million dollar house with with money with a mortgage. Buy 300K in cars. Buy Mom a 200K house. After 5 years there is no more prize money. Endorsement deals are going to the new it guy. Without money coming in the million  dollar house goes because it has a mortgage and outrageous taxes. You move in with Mom. The cars have to go. Now you realize you're not set for life. Suddenly you realize the California fire man in the gym is making 100K plus a year. Every ten years he made a million but he can't splurge it because it's doled out a 100K a year. The Olympia is now broke while the Fireman is just fine.

IRON CROSS

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Re: If you win an Olympia are you financially set for life?
« Reply #23 on: September 06, 2019, 08:52:04 PM »
If you've made it to the Olympia chances are you've already won a few shows, established a name for yourself, secured sponsors and have made WISE INVESTMENTS. Winning an Olympia can only further this. Winning at an older age such as Shawn or Dexter only enhances the wealth. My guess is that if you're a top 6 Olympian, you're set


I believe L.Priest is 1 of them &  :P

K.Waller was Olympia class winner &  :-[

T.Platz was O class winner 2  & is selling old cars .................. :-X

ETC,...........

Rascal full

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Re: If you win an Olympia are you financially set for life?
« Reply #24 on: September 06, 2019, 10:31:29 PM »
What is the Olympia prize? 200K?  Maybe another 400K in endorsements. If you're active maybe for five year you can make during that time maybe 3 million. Really 1.5 after taxes. First you buy the million dollar house with with money with a mortgage. Buy 300K in cars. Buy Mom a 200K house. After 5 years there is no more prize money. Endorsement deals are going to the new it guy. Without money coming in the million  dollar house goes because it has a mortgage and outrageous taxes. You move in with Mom. The cars have to go. Now you realize you're not set for life. Suddenly you realize the California fire man in the gym is making 100K plus a year. Every ten years he made a million but he can't splurge it because it's doled out a 100K a year. The Olympia is now broke while the Fireman is just fine.

Haha ain't this the truth. Oldtimer1 you are great at this 'In Reality what really happens' stuff...