Urijah Faber cautions new money Conor McGregor against excess

Conor McGregor likes to brag about how much money he makes, and make a show out of how he spends it. Rented McMansions, shopping sprees and custom suit fittings have all been put on display on camera and spoken of ad nauseam by the "Notorious" featherweight.

In fact, he's even nattily-dressed on episodes of "The Ultimate Fighter", where he coaches opposite former world champ Urijah Faber. Faber, on the other hand, is often seen in flip-flops and board shorts.

Despite his laid-back demeanor, speech and more humble beach taste in style and lifestyle, Faber is an accomplished businessman with several businesses and sources of income.

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Faber told media members during a Wednesday press event that he actually tried to give McGregor some financial advice. "I said, 'bro, take it down,'" Faber recounted.

"Take the 16,000 square foot rental down to an 8,000 foot rental, you know? He'll figure it out. He's a smart enough guy...He's going to learn a couple little lessons here and there. He's pretty smart. He's a decent guy."

Faber doesn't agree with the way McGregor flaunts his riches, however. Furthermore, Faber cautioned that what the Irishman -- who just a few years ago was on welfare -- believes are riches may not, in fact, be that much.

"I mean, don't be rubbing it in other people's face that you're acting like you got a ton of money yet," he said.

"What you think is a ton of money isn't a ton of money."

Faber is wise enough to know that a sudden surge in income doesn't always mean lasting wealth. Countless professional athletes have lost hundreds of millions of dollars in a matter of a few years, after all.

"You can make a lot of money," he concluded.

"But the key is how much you can hang on to."