Mistakes of Celebs and Athletes Going Broke: Lessons We Can Apply

Mistakes of Celebs and Athletes Going Broke: Lessons We Can Apply

Do you feel sorry for celebrities and athletes who get the fame, spotlight and money thrown at them...and eventually go broke?  Well, boo-hoo.

During the Kyles Files segment on last night's WGN TV 5pm news, Kyra Kyles unveils some celebs that you never thought would be in deep financial distress.  Namely, R. Kelly, Nicholas Cage and Lady Gaga to name a few.  But what are some financial lessons we can apply from their mistakes?

First, here is Kyra's segment from last night, the Kyles Files (Kyra, you rock girl!):

And now for a two-part, web exclusive which ranked last night as one of the top trending topics on WGN & CLTV (interviewed conducted by the amazing Tyra Martin):

Part Duex:

Bottom line, here are those lessons.  I hope they can help you:
1. Discern People Around You
2. Become Legacy-Minded
3. Stop Trying to Impress Other People
4. Leverage Your Skills & Spotlight
5. Invest Smartly with Advisor, Not Agent (or employer)

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