VIDEO ON MSN MONEY
Why compare tough financial breaks of the little guy to celebrities who lost a lot of money.
I lost my job due to outsourcing, after 15 years. I lost my home due to foreclosure, after 27 years. My wife and I filed bankruptcy. No one would rent us an apartment because of the bankruptcy. You think this would be discrimination. We would have been forced to live on the streets if FAMILY had not been there for us. My wife soon lost her job. Our bankruptcy case was dismissed for non-payment. That does not stop IRS from seeking their payments of back taxes. Just because the little guy cannot pay, the tab keeps running. So, excuse me if I do not have sympathy for Donald Trump, and others who can afford a few disappointments in life.
The biggest problem with everyone is, debt!! We all need to learn to live within our means. My grandparents taught me a philosophy that I never forgot, if you can't pay cash for it ,you don't need it!!!
Its ok to borrow money, but not to much. Unfortunately, that is why our country is in the shape its in now, the politicians got too complacent with our money.
We Americans all thought it would never end. It did for all of us. These high profile examples are just a few of 200 million people that thought this is the American way. It was ... Now all of American middle class people are still middle class. The problem is that the middle class isn't making six figures anymore. Better get used to scratching for 80K a year with the entire household pitching in. Remember the movie and later TV show I remember mama???
That was the middle class in 1900. If you kids haven't seen that movie it plays on TMC occasionally. The TV show was in the early 1950's when this(post WW2) middle class began. We just came full circle. I started out tossing news papers when I was 11. Might be doing something like it in 2020 when i'm 75 . Going to College doesn't mean a free pass to wealth health and fame. It does help. Better figure on hard work and being frugal to get by in the next 50 years. The post war middle class died in 1989, it just didn't know it till now.
There was a comment made in this blog about michel vick "give him a break" this man tortured animals to me this is not human. Im not the kind of guy that calls the cops, but if i see any kind of animal abuse id report it fast. Why did pete rose never get a break, all he did was gamble.
I don’t know why anyone would be surprised that entertainers and sports stars don’t know anything about financial management. Making money and managing money are two very different things, and managing money is clearly not their primary forte. Have you ever seen an accountant try to act or throw a football? If you’re looking for someone to fault for these massive financial failures, I say their lousy financial advisors are the first place to start.
To those who call the wealthy "slobs" or anything else are the worst case scenario themselves. Nick Cage for one works for his money, he picked the right career for himself and gets paid well for doing it! Why call him along with other movie stars, financial wizards etc...names and other derogatory labels for being educated??? Just because they have money doesn't make them evil or bad, they "EARN" their money through years of hard work! Don't be jealous of them, they donate quite a bit of their cash to people in need and charities that help those individuals that have been dealt a bad hand in life. I think movie stars are for the most part good people, you have to remember, they are human just like you and I, they make mistakes just like you and I too! Don't belittle them because they made a successful choice in life, praise them for the way they help others, they can be role models too! All those who judge others will also be judged one day....when that day comes you might want to sing a different tune, so don't worry about others, worry about yourselves!
Seems like these people are really bad with self-control; I guess the key requirement for fame and fortune is arrogance.
On the other hand, none of these people hurt anyone but themselves. The banksters, their cronies in the executive suites and their lobbyists have destroyed America FOR EVERYONE.
But, don't worry, I am sure that a majority of the celebs here have still many more millions that they can live on or have the celeb status to continue to make more. This is America after all - the land of the few, the rich.
Copyright © 2013 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
RECENT ARTICLES ON DEBT MANAGEMENT
Preteens, rejoice. The grown-ups have a compelling reason to consider getting you a tablet this year. Adults, listen up.