4. Gilbert Arenas
-cash blown: $111 million
Gilbert is not yet bankrupt, probably because he is still being paid even though he hasn’t played since 2012. He signed a six year contract of 111,000,000 dollars with the Wizards in the year 2008 and later on he was traded to Orlando Magic.
![espn.go.com](https://suggestive.com/wp-content/uploads/2016/02/gilbert.jpg)
espn.go.com
He still continues to live a life of luxury even though he’s no longer playing for the NBA, this is all thanks to his contract. However, he’s learning that money can quickly disappear. He has a personal shark, over two thousand pair pairs of shoes, massive gambling activities and a seven bedroom mansion all of which he can barely afford.
![thecomeupshow.com](https://suggestive.com/wp-content/uploads/2016/02/sosad.jpg)
thecomeupshow.com
They should learn how to save money for hard times