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Here you will find stories of celebrities and people that had it all,but lost it .These examples can be used to drive home the point that financial wisdom is applicable to people from all walks of life, whether you have £10 or £100,000 money management is key.
MC HAMMER
- After gaining worldwide success in the mid-90's with songs like 'U Can't Touch This!' and '2 Legit To Quit', MC Hammer had a net worth of $33million.
- However, due to overspending and lavish purchases he was forced to file for bankruptcy after finding himself $13million in debt.
- He was able to recover through a series of ventures and businesses and now owns a record label and is a producer for his own reality TV show.
"My priorities were out of order."
-MC HAMMER
http://www.celebritynetworth.com/richest-celebrities/richest-rappers/mc-hammer-net-worth/ & http://en.wikipedia.org/wiki/MC_Hammer
MIKE TYSON
Despite making about $400 million over the course of 20 years,the former heavyweight champion managed to
spend it all on Bengal tigers,a $2million bath tub plus millions more on jewelry and cars.
He spent $400,000 a month to maintain his lifestyle
''I have been in financial distress since 1998,....I am still unable to pay my bills.''
-Mike Tyson
Donald Trump has filed for corporate bankruptcy a total of four times.
Between 1991 and 2009,these bankruptcies were related to his casino and hotels,
but because they were business related, it still enabled his personal wealth to be untouched.
"Stop saying I went bankrupt.
I never went bankrupt but like many great business people have used the laws to corporate advantage."
-Donald Trump
http://myfirstclasslife.com/20-celebrities-went-broke/?singlepage=1
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