September 28, 2009 – 5:04 pm
Pamela Anderson has been famous for her, well, physical assets for decades, but it turns out she isn’t as well endowed in the financial department.
According to People magazine, Los Angeles County records show she owes more than $1.1 million to creditors:
According to the documents, five different construction companies have filed liens against her home, the [...]
We try to keep things classy here at Econ4U. But when gossip and finance cross paths, it’s hard for us not to indulge.
Today’s edition of When Celebrities Mismanage Their Finances – or, excuse me, When “Celebrities” Mismanage Their Finances – centers on Nadya “Octomom” Suleman.
Suleman – mother of 14 children, including the world’s only set of octuplets – recently [...]
Pro athletes often seem uniquely poised for epic declarations of bankruptcy, but baseball legend Lenny Dykstra is giving other sports figures a run for their money (so to speak).
Former Mets and Phillies slugger Dykstra filed for bankruptcy last week with reported assets totaling $50,000, despite claiming in April that he was worth $60 million.
According to the [...]
Wall Street Journal columnist James Stewart has a great piece this week, about how fleeting good fortune can be, and how important it is to manage your money responsibly. I really recommend reading the whole thing, but here’s a few highlights (emphasis added):
Our culture often glorifies financial success, but it is an illusion to think [...]
Michael Jackson’s will was filed today in the Los Angeles Superior Court, and the settlement of his estate is sure to generate plenty of media coverage. His fortune and his debts both total roughly $500 million, according to the New York Times, so there’s a lot of money at stake.
While most of us will never [...]
Supreme Court nominee Sonia Sotomayor’s personal finances were a hot topic last week, after disclosure forms revealed that she has nearly $16,000 in credit card debt, and owes another $15,000 to her dentist. There’s no shortage of discussions in the blogosphere about whether having that kind of debt is responsible behavior (see positive, negative). But [...]
immy Johnson is pitching an organization called “Better Trades” which vows to teach people how to make money fast (WARNING SIREN!) by day trading in the stock market.
The housing crisis just keeps going and going, and no one, not even celebrities or politicians, is immune:
Nice house you got there, hate to see something bad happen to it: Victoria Gotti’s Westbury, NY mansion may soon be repossessed by her bank. Why? She apparently hasn’t been paying the $25,000 monthly mortgage, and still [...]
April 15th has come and gone, but taxes are still very much in the news these days. The passage of a new $3.5 trillion budget (and the projected $1.75 trillion deficit) has a lot of people talking about the taxes we’ll need to pay all of this money back. In that vein, I was checking [...]
March 19, 2009 – 11:30 am
Are you ready for the monthly total? $6,528! This translates into $78,336 annually. That figure doesn’t include saving for the kids’ education, or the extra costs associated with having more than a baker’s dozen of little ones like nannies, a bigger vehicle (try a bus!) or therapy.
