Levi Johnston Broke, Living with Mother After Squandering $1 Million

Levi Johnston was in the national spotlight for a brief time after news that he fathered Bristol Palin's daughter, Tripp, came out. Now, he is making headlines because he has no money and is living with his mother in Alaska.

There are rumors swirling around the 22-year-old former fiancée of Bristol Palin that he has spent all of his earnings on various items and is now currently living with his mother.

"Levi made more than $1 million and squandered it on guns, boats and four-wheelers," the source told the magazine.

Johnston wrote the book "Deer in the Headlights: My Life in Sarah Palin's Crosshairs," which was released last fall. He also tried to create his own reality series about his desire to run for mayor of Wasilla, Alaska, called "Loving Levi: The Road to the Mayor's Office."

Johnston also provided his own publicity after he posed nearly naked on the cover of the adult magazine Playgirl during the winter of 2010.

Johnston and Palin share custody of their 3-year-old son Tripp, but, according to the Us Weekly, the child has not received any money from those earnings.

"Levi hasn't paid child support in nearly two years … And he has little contact with Tripp," the insider said

At present, Johnston is expecting a baby girl with girlfriend Sunny Oglesby, whom the couple decided to name Breeze Beretta, the name of a popular gun.

Johnston began dating Oglesby in October of 2010, according to sources close to the situation. Oglesby made their relationship public by posting a picture of the two kissing underneath a set of moose antlers.

OK! Magazine stated that Oglesby's now-deleted Facebook profile stated that she likes, "anything that is fun...I've made a lot of mistakes and learned from them…Had a lot of loser ex-boyfriends and friends that just made me stronger and better…Stay out of drama as much as I possibly can but it finds me haha."