Plenty of people face money problems everyday which affect
the way they live. Sometimes people don’t realize how bad their situation
really is!!! People do stupid things to the point where they make their
situations a lot worse then they have to be. The biggest contributors to this
problem are entertainers and athletes because they don’t know how to control
their money and fame properly. You have to realize when you’re in a bad
situation you need to stay out of the spotlight so you don’t bring more
attention to yourself. Silence is more powerful then speaking your opinion.
One guy
that didn’t get the memo was 50 Cent. We all know that 50 has been facing
bankruptcy issues for a while now, but I think it is about to bite him big time.
For a guy that claims to have no money he loves to show off on social media
that he has a lot of bills!!! Last time I checked, if you’re having money
issues then maybe you should keep your escapades out of the news where people
can blast you for it including the bankruptcy judge. Acting not so smartly, 50
posted some Instagram photos of himself with massive rolls of $100 dollar bills
on his bed watching TV and him playing with money and ironically spelling out
“BROKE” with the bills. This is a whole new level of stupidity for him and he
isn’t going to win any sympathy from the judge in the case he is facing on
money he owes to some important people. The Judge had a lot to say to 50 Cent’s
attorney talking about the allegations saying, “I’m concerned about allegations of non-disclosure or a lack of transparency in the
case." "There's a purpose of having a bankruptcy process be
transparent, and part of that purpose is to inspire confidence in the
process," the judge said, adding that bankruptcy court is where "an
honest but unfortunate debtor can come into court and seek relief."
Celebrities do stupid crap all the time and they don’t realize that the things
they do harm their situation even more, making it impossible for them to solve
their problems. Look at Kanye West, he is in 53 Million dollars of personal
debt and asking for money from billionaire Mark Zuckerberg. He put out he was
able to produce and release his new album which he keeps taking down from his
website and music streaming services. When you owe money to banks, an
electronic company and your former significant other, then maybe you shouldn’t
be putting your personal business on social media. 50 cent also got caught
posting pictures on Instagram of him doing a live performance that he probably
made big bucks on. Also, 50 tweeted about his new house and he said, “My crib is almost finished in AFRICA. I'm gonna
have the craziest House warming party ever”. This is definitely what he should NOT
be doing right now… go figure!!!!
Celebrities feel they can do
whatever they want and that they are invincible to the world when it comes to
money and power. Also, they don’t think the laws apply to them when they do
stupid crap. There are many celebrities who have gone bankrupt for stupid
reasons. Burt Reynolds went nearly bankrupt because he massively overspent his
money putting himself millions of dollars in debt. Toni Braxton filled for
bankruptcy a few times after being 50 million dollars in debt AND STILL WENT
OUT AND BOUGHT AN EXPENSIVE HOUSE!!! Even Pamela Anderson, who was too busy
running slow motion on the beach, went bankrupt because she had so much work
done on her body. I could keep going… but the stories of bankruptcy get even
more disturbing then the ones I just listed. When you make deals with people
YOU HAVE TO PAY THEM BACK!!!! When you earn money put it away and DON’T GO
SPEND IT ALL AT ONCE!!! Also if you have filed for bankruptcy you can’t go on
social media and MAKE IT RAIN WITH $100 BILLS!!!! In the long run it would just
be smart to hold on to your money so when your career or 15 minutes of fame are
over then you could live off the money. Wow, wouldn’t that be such a crime,
saving your fortune that you earned from being famous so you don’t have to work
anymore.
I give credit to Jose Pagliery for
exposing 50 cent and his money problems. He also showed how stupid celebrities
really are when they are having legal problems and they can’t stay out of the
spotlight for two seconds. One of the dangers of using social media. Pagliery
showed that sometimes when you take to many risks it is eventually going to
bite you in the ass. Also, I give credit to myfirstclasslife.com for exposing
celebrities and their stupidity when it comes to their money and eventually
losing it all. They actually show you how stupid you have to be to make the
dumb ass decisions they make. In the long run, if these famous people didn’t
have money problems, then the websites, blogs and tabloids wouldn’t have
material to write about.
Here are
the links to the full stories for Jose Pagliery and myfirstclasslife.com if you
want to see more information on celebrity money issues:
Check
out my podcast, “Behind The Mic with Nick Morgasen” on I-Tunes and Youtube as
I’ve had the chance to interview many famous people including: Adam Carolla,
Cesar Millan, Neil Sedaka, Jackie Mason, Jack Hanna, Peter Noone, Graham
Russell and many others.
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