10 Celebrity Money Mistakes to Avoid

throwing away money

Most celebrities have more money in their bank accounts than many of us will ever see in one lifetime. The thing to remember is that having a lot of money doesn’t mean that you are necessarily financially savvy. In fact, a lot of celebrities are pretty horrible at managing their own money. All too often you read about celebrities who have gone bankrupt or who end up with piles of debt after making poor choices. Many of the bad decisions that they make are ones that anyone could make, but tend to seem more dramatic due to the larger amount of money involved and it all being played out in public. Here are a few money mistakes that celebrities make that you should take the time to learn


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6 Responses to 10 Celebrity Money Mistakes to Avoid

  1. Minny says:

    The Rolling Stones got into financial trouble at the start of their careers and as a result decided to get themselves some financial education so the future earnings did not go the same way.

  2. Gailete says:

    I was surprised to read an article about Robin Williams that after all his fame and fortune, due to many factors including divorce, I believe, is why he has gone back to a TV series as he NEEDS the money! It is sad after so many years of making us laugh that all he could have had set aside is apparently gone. Is that maybe one of the biggest problems with celebrities is they can’t see that the money will some day end? When they are earning the money it is all dependent on them continuing to play a sport or continue a career and when it ends, it ends. Not like people who come from ‘old’ money that they are basically living off the interest and never ever touching the principal. Most newly rich have no understanding of how to handle money for their own good.

  3. It is frustrating to see when these stars waste all of that money! But more importantly, these are all mistakes that regular people are also making on a daily basis.

  4. Bob says:

    Mick is the backbone of the stones he is The Business Manager and taught the rest of the crew about money. He is the CEO of the Rolling Stones and speaks 6 languages fluently. They are one of the richest bands in the world,They own their own mobile recording studio for live recordings. They have 32 Tractor Trailers to haul their equipment. Minny you could not have chosen a better band to comment about.
    Bobby Brown

  5. Tania says:

    I have a problem saving money

  6. Melinda Bocook says:

    Well If I were rich I would teach all my family and friends how to make the money they borrow from me to grow, for them. It is a real shame we don’t teach them how to make money, when they have money. The maybe if we worked as a team, then it would be a win/win.

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