Posted on 07/26/2018 6:18:33 AM PDT by SeekAndFind
Mickey Rooney lost his money due to his gambling addiction. On film sets he’d have a special phone installed so that he could be in contact with his bookies at all times while he was working. Mickey once said, “i lost a 2 dollar bet and then spent millions trying to win that 2 dollars back.”
RE: These stories are no different than the professional athletes(50% of NBA players, etc.) that go broke after making millions
Actually, the stats are even more dire than that....
https://www.huffingtonpost.com/tyson-hartnett/why-athletes-go-broke-and_b_6812864.html
In 2009, Sports Illustrated did a study of former NFL and NBA players.
This is what the study showed:
After only 2 years of retirement, 78 percent of NFL players were either broke or struggling financially.
Within 5 years of retirement, 60 percent of NBA players are broke.
It’s a low IQ thing
Poor Dan August aka Burt.
BINGO
Because they spend more than they make? DUH!!!!!!!!
Wayne Rodgers acted only to make enough money to start investing.
Acting for him was a means to an end.
And he was very good at investing. Not a bad actor either.
Must attack Seinfeld as he refuses to target Trump. As if was anything close to the utter reprobate Johnny Depp.
Because they spend all their money?
Ouch! Clown school!
If I ever won the lottery, my first steps would be to get some professional management and establish a system that paid an allowance.
The rest saved, invested, and split to worthy charities and religious groups.
LOL ... so true!
When I was an underwriter in FL during the 80’s i underwrote a mortgage loan for Burt who was buying a home in WPB for his niece. (Yeh nice guy). His tax returns were about 3 inches thick. He was making so much money it was insane. The dinner theatre was really profitable at that time. I was in Jax at the time but Burt used to go into the WPB office and he was so nice to everybody.
I think celebs are just like everyone else. Some people are good at finances and some aren’t.
Amen to that! I will forever be grateful to him. He changed our lives so much so that I know lead his Financial Peace University class. I only wish we would have known about him 10 years before we did, but better late than never. Financial Peace University; best 9 week investment you will ever make.
I'd pay off every penny of debt and then give the rest to charity ... and keep on working. Crazy? Maybe.
Acting is not rocket science.
(I still can't believe Debbie is gone.)
When someone makes more in a year than 99% of us will make in a lifetime, I have a hard time feeling sorry for them when they go broke.
Because they spend like they’re always going to make that much. If they spent like this is their last check they’d be fine.
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