How millionaires go broke

Most of the world is focused on trying to get money. Too little is mentioned about how easy it is to lose money once obtained. Usually these lessons are learned the hard way. This clip is a good reminder.

“Celebrity bankruptcies are as common as celebrity divorces, and they’re a lot more mystifying. How can professional athletes and silver screen megastars go broke when they’re hauling in millions each year?

Check out our latest video demonstrating that multi-millionaires go broke for the same reasons the rest of us do: careless spending, unwise investing and family expenses.” Here is a direct link.

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2 Responses to How millionaires go broke

  1. michael says:

    Gee I always wondered what you needed to know to get your MBA. I guess that is why they make the big bucks, such complicated arithmetic can’t possibly be understood by the masses.
    Oh, wasn’t it genius MBA type’s who brought us the financial calamity we all are now, apparently, responsible for fixing?
    It takes an MBA to state the obvious?

  2. Robert Lynn says:

    You are right michael. It wasn’t genius MBA’s that brought us the financial calamity. It was progressive politicians and the dunces that vote for them.

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