Celebs who lost big financially

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.

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.

BO told Joe the Plumber he wanted to spread the wealth around, why should all the celebrities be exempt from a poorly ran economy?

This next recession, we're really in right now, will be a lot worse than 2008. One good thing though, most people I know including myself, have lost their jobs over the last two years and had to pay penalties and live off of what they had left of their 401k after paying almost half in taxes; at least we won't see our 401k lose thousands this time, the first recession has already cleaned us out.

When social security fails, and the US can no longer pay for medicare and medicaid, for the masses, then you will see chaos. This will make the housing bubble look like a walk in the park.

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.