Asked 4/23/2010
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WebAnswer Members---In your opinion, do you have sympathy or a donation for Stephen Baldwin and other Celebrities who find themselves in bankruptcy court/or broke? It is claimed that the 43-year old actor and his wife owe $2million dollars. |
Answer 1/10 - Submitted 4/23/2010
Answer 2/10 - Submitted 4/23/2010
I rarely have sympathy for people who go into bankruptcy or owe tons of money. THe majority of the time, though not in every case, people lose money because they make bad, immature, rash, unthoughtout, impulsive decisions. Celebrities let the money go to their heads, they trust financial advisors and do not take accountability for thier own money. That;s just stupid. What makes it even worse is that I believe Stephen Baldwin is a Christia, he has been on the church channel quite a few times, and as such, he really should have been a better steward of the money God blessed him with. That being said, we all go through trying times and I hope he can come out of this having learned something
Answer 3/10 - Submitted 4/24/2010
I have sympathy for anyone who is undergoing difficult times, whether they be emotional financial, or whatever. All humans make mistakes, and it does not matter whether they are rich or poor. Sometimes, wealthy people do not have the right financial advisors. This is what happened to Nicholas Cage. I hope Stephen Baldwin, Nicholas Cage, and all others with money problems get their lives straightened out.
Answer 4/10 - Submitted 4/24/2010
Not really.
Rich people can make bad financial decisions just like poor people. However, a rich person has more of an opportunity to do the RIGHT things with their money... opportunities that the poor do not have. A poor person who is living paycheck-to-paycheck is probably buying only essentials. (yes, I know there will be some arguments there). However, a rich person who is living paycheck-to-paycheck is clearly spending money on things that are not essentials. And if they are NOT living paycheck-to-paycheck, then they have no excuse for not having money saved and for not having properly diversified investments.
Answer 6/10 - Submitted 4/24/2010
Answer 7/10 - Submitted 4/24/2010
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