When Too Much is Never Enough
While everyone mourns MJ, I hope some of the folks in our debt-crazed nation will pay attention to one of the trajedies in this story.
This guy, probably many people's idea of a wealth man, was actually in the red nearly half a billion dollars. He spent $20 to $30 million more each year than he earned, and only survived in the end by finding wealthy benefactors to cover his expenses, after the banks seem to have cut him off, after loaning him hundreds of millions of dollars.
I can't help but wonder if the dude might have been happier spending less and living more.
A few details in this story.
Yet after selling more than 61 million albums in the U.S. and having a decade-long attraction open at Disney theme parks, the "King of Pop" died Thursday at age 50 reportedly awash in about $400 million in debt...