Posted on 12/10/2012 11:33:21 AM PST by SeekAndFind
The sad thing about this is that compared to the Obamadork, he’s still scrooge.
See also here:
http://www.businessinsider.com/ugliest-celebrity-bankruptcies-2012-11?op=1
10 Of The Ugliest Celebrity Bankruptcies In History
A fool and his money are soon parted. At least he paid off the car. Maybe he can use it as collateral for a loan for party money.
It’s the maintenance costs that kill. Too many of these superstars think all they have to do is lay out $35 million for it their mansion, then they’ll be done. They don’t think of the income needed to pay for the upkeep or taxes, after their career winds down.
don’t they teach basic math at his college?
Another sad chapter in the book titled “Suddenly Rich.” Very sad.
Couldn’t have happened to a nice guy!
I’m sure they did, but superstar athletes aren’t really required to attend classes.
“About a third of his debt is owed to creditors”
I would have thought that all his debt is owed to creditors, isn’t that the definition of creditor.
RE: dont they teach basic math at his college?
He went to Georgetown, the alma mater of Bill Clinton and the now celebrated Sandra Fluke.
I see that he’s already bought his own hearse.
One thing I learned, when you want something, you have to work for the money to pay for it but however, what is not mentioned is you continually have to keep working to keep the item whether it is taxes on the item like cars or insurance or maintenance.
He no longer got da skills to pay da bills.
I see no mention of gun or motorcycle collecting. He could have cut the time needed to go broke in half.
He could be hiding his money from his wife too.
It’s not just maintenance, he has mortgages. This guy was famous for an entourage, posse, or whatever of hangers on.
for later
I often wonder how some of these fools ever hooked up with the money in the first place.
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