What Is It Called?
By skysuccess
@skysuccess (8857)
Singapore
March 12, 2010 3:38am CST
Money talks and money walks, so they say especially when you are not careful with it, it will really walk away and leave you for broke.
This article just reaffirms that the rich are not excused if they are not careful with their finances. Very revealing stories how these celebrities who literally squandered away their hard earned millions and billions through a host of familiar reasons - bad business decisions, spendthrift senseless purchases, gambling and many more.
Honestly, I just could not believe that they are short of astute and good finance advisers or managers. So, I believe that they just lack that valuable lesson called - Wealth Management!
Care to beg for a difference in opinion?
Read more:
http://sports.yahoo.com/top/news?slug=ys-investopediamoneyloss031010&prov=yhoo&type=lgns
2 responses
@optomyst (47)
• Denmark
12 Mar 10
I think it is a lack of common sense that causes them to lose their money. I mean, honestly, don't they realise that one day, being in the professions they are in, they will be out of work. Who needs five houses, or 20 cars and so on. One injury or accident and they are out of work. They need the sense to think about their futures too and put most of that money aside. I also think financial advisors are over-rated, I just don't see the point in them, but maybe that is just because I have no money.
