Mike Tyson Admits That He's "Totally Broke"

Former boxing champ Mike Tyson, who has been staying in the headlines these days for all the wrong reasons, has recently admitted that he is "broke."

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Although retired athlete and once undisputed heavyweight champion says that even though he is living paycheck to paycheck, he's happy with the life he has.

Tyson recently was a guest on ABC's daytime talk show "The View" and admitted to the ladies that he's made some poor decisions in the past when it came to his finances. He says, "I'm totally destitute and broke. But I have an awesome life, I have an awesome wife who cares about me. But, I'm totally broke."

The boxer adds: "I had a lot of fun. It (going broke) just happened. I'm very grateful. I don't deserve to have the wife that I have; I don't deserve the kids that I have, but I do, and I'm very grateful."

Just last year Tyson made a cameo appearance in 2009's summer blockbuster hit, "The Hangover." A few more acting gigs similar to the smash hit and perhaps the champ might be able to stand on his on two feet again.