Mike Tyson earned about 200 million over his 15-year boxing career but by 2003 he was in financial trouble. This is an example of?

This is an example of financial mismanagement or the pitfalls of sudden wealth, where an individual earns a substantial amount of money but fails to effectively manage or invest it. Factors such as extravagant spending, poor investment choices, and lifestyle inflation can contribute to financial difficulties despite high earnings. Tyson's situation underscores the importance of financial literacy and planning, especially for individuals who experience rapid financial success.