Photo by Damon Martin

Conor McGregor Remembers Mike Tyson’s Downfall While Preaching Financial Stability

Conor McGregor knows where every dollar he earns is going to ensure his financial stability for the future

Conor McGregor has no problem spending his millions but he promises financial stability is always his No. 1 concern.

The 29-year old Irishman reportedly earned north of $100 million for his boxing match against Floyd Mayweather last year and that came on top of a record breaking year for McGregor in 2016 where he earned the most money of his career as a UFC athlete with two lucrative fights against Nate Diaz as well as a lightweight title victory over Eddie Alvarez.

While there are no financial statements to say exactly how much McGregor has earned over the past few years, it’s safe to say he’s one of the highest paid athletes on the planet.

That being said, McGregor also enjoys the finest things in life from expensive cars to hanging out on yachts during lavish vacations to a wardrobe that probably costs as much as most regular folks spend on a house.

Despite all those gaudy purchases and a lifestyle built on excess, McGregor says he’s always cautious with his money, especially when looking at a cautionary tale like former boxing heavyweight champion Mike Tyson, who was once worth hundreds of millions before declaring bankruptcy in 2003.

“Financial awareness is key at all times,” McGregor wrote on Instagram. “Look at many of our favorite athletes and performers post career. Often it is not a pretty [sight]. [Mike] Tyson made over $300 million in his fighting career and today stands at a net worth of just $1 million. You must be switched on at all times with your money. We cannot switch off here. Know your money and where it is going at all times and never ever go broke, trying to look rich.

“This is coming from me. I am the most flashiest. I just posted a picture on a yacht sipping Fiji water from an ice cold glass before this. But trust me! I am the most intelligent also.”

While McGregor undoubtedly loves to buy extravagant items with the millions his fighting career has yielded, he’s also well aware of the pitfalls that come along with spending beyond your means.

Comfort on the commercial flight! Rocking my custom made 'NOTORIOUS' @beatsbydre headphones! Thank you Dre Beats! Here is today's thoughts – Financial awareness is key at all times. Look at many of our favourite athletes and performers post career. Often it is not a pretty site. Tyson made over 300 million in his fighting career and today stands at a net worth of just 1 million. You must be switched on at all times with your money. We cannot switch off here. Know your money and where it is going at all times and never ever go broke, trying to look rich. This is coming from me. I am the most flashiest. I just posted a picture on a yacht sipping Fiji water from an ice cold glass before this. But trust me! I am the most intelligent also. Everything is a tactical move. Everything. This is how we must truly lead our next generations way of thinking. Now as I get older at 29 years of age, I find that I am becoming more and more interested in where much of the money in my home state has gone and where it actually goes when it comes in. There are more and more things I see daily that do not add up. I see many things I do not like and I see many things that I feel can be easily amended under correct instruction. We shall see. Stay woke at all times kids. See you all at this event later today 🙏

A post shared by Conor McGregor Official (@thenotoriousmma) on

Now that might seem impossible considering how much money McGregor has already raked in with plenty of time left in his fighting career, but he still promises that he’s always keeping an eye on his bottom line.

Add to that, it sounds like McGregor is also watching government spending in his own home country of Ireland where he resides with his family. An amendment was already added once upon a time to try and put McGregor’s face on Irish money so perhaps the UFC champion is angling for a future in politics as well.

“Everything is a tactical move. Everything. This is how we must truly lead our next generations way of thinking,” McGregor explained. “Now as I get older at 29 years of age, I find that I am becoming more and more interested in where much of the money in my home state has gone and where it actually goes when it comes in. There are more and more things I see daily that do not add up.

“I see many things I do not like and I see many things that I feel can be easily amended under correct instruction.”

Maybe McGregor will think about a political run after his fighting career is finished but there’s still plenty more for him to do before that happens. Right now, McGregor is embroiled in negotiations with the UFC on a new deal that will hopefully see him return to action inside the Octagon before the end of 2018.

Place your bets on UFC/MMA with Ohmbet - #1 Sportsbook for UFC and MMA betting
Conor McGregorz-Latest news

Damon Martin is a veteran mixed martial arts journalist who has been covering the industry since 2003 with bylines on FOX Sports, CNN, Bleacher Report and numerous other outlets.