Posts tagged as:

financial mismanagement

Mike Tyson’s Ohio Mansion Sits in Abandonment

Behind these pictures lies the partial story of a man who once had a net worth of over half a billion dollars. Due to horrendous financial management, he no longer has a fraction of the things he once had. These pictures are a haunting reminder of why it’s crucial to manage your money. If Mike [...]

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Could Fantasia’s Emotional Break-down Be Tied to Financial Issues?

Fantasia tells Wendy Williams how she got to the point in her life where she wanted to commit suicide and how she was able to get back up. Fantasia has said that she CAN’T AFFORD not to work right now. She’s still trying to get out of debt, and she has to support herself and [...]

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Why Former GUnit Member Young Buck Had to Learn the Hard Way About the IRS

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Rapper Young Buck experienced his second wake-up call with the IRS on August 3. Instead of waking up to breakfast and orange juice, he was greeted with armed federal agents at his home in Nashville, Tennessee. He owed backtaxes to the tune of $300,000. While Young Buck had tried to protect his assets by filing [...]

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Former Cash Money Producer Talks About Not Taking Care of Business

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Mannie Fresh was the hip-hop producer behind various Cash Money hits with artists like Lil Wayne, Juvenile, BG, and Baby. With such accolades under his belt, it’s normal to assume that he was handsomely rewarded for his work. Well, it turns out that it was just the opposite. It took him a number of years [...]

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Antoine Walker is Officially Filing for Bankruptcy

Antoine’s bankruptcy is like a loose tooth. You’re not sure when it’s going to happen, but it’s guaranteed to happen. Well, the inevitable has come to pass! Our money-losing extraordinaire has officially filed for bankruptcy. We guess that confidence to pay back all debts owed has finally eroded. Chicago Business reports that Antoine has a [...]

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Broke Concepts: Rick Ross And His $600K Shopping Spree

This video really broke our hearts when we saw it over at DJ Smallz website. Stupidity doesn’t even begin to describe Rick Ross’s behavior in this video. If you don’t know who he is, and you probably don’t because he’s no top earner of any Forbes or wealth list, he’s a rapper from Florida with [...]

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Antoine Walker Can Add Slum Lord to His Shining Resume

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Antoine Walker has certainly seen better days. He’s magically misplaced his $110 million earnings and battles with over $4 million debt. Recently, the Chicago Tribune reported that Walker’s two real estate companies held numerous properties with slum conditions. These dilapidated buildings caused their tenants sicknesses while some had to move out since it was so [...]

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Money Gone Dry in Dubai: 3 Lessons in Hindsight

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Poor Dubai. Its fantasy world has officially come to a crashing halt. The ball dropped when the city-state asked to delay the payment of $60 billion debt owed by six months. Years ago, no one batted an eyelid as the ambitious development firms planned their maddening and ostentatious endeavors, from an underwater hotel to a [...]

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