Reckless financial decision ?

[Porfirii]

It could be a reckless financial decision or choice, depending on the economical situation of the person who is taking those choices. A celebrity can turn away money and deals if already has enough money to fend off for much time with their savings and other enterprises.
-snip-

-snip-
seeing as the OP's topic is about a celebrity.. then its probably someone with wealth already..
so its not a money question. its a unconditioned life living as is.. or a conditioned life taking the deal

That is the clue. It is said that we all have a price, and although I don't totally agree with that sentence, the truth is that this price differs a lot from a rich person to a poor person.

Some think that the higher the salary a worker gets paid, the more importance he will give to extra holidays compared to extra earnings, and viceversa. Kahnemann called this breakeven the “happiness plateau”. Although more modern research seems to cast doubt on this theory, I think that Kahnemann was right, at least if we do not take into account the most materialistic population.

That said, if the celebrity we're talking about has enough money and he is not a purely materialistic guy, then choosing to be free to do what he wants (smoking weed or whatever) seems perfectly natural to me.

This reminds me of the news we hear about top football players: many of them are willing to move to the Emirates with their families just because they are offered even more millions to play there. While it doesn't make any sense to me (they are already rich!), some people always want more. The worrying thing is that we often see it as reasonable, but we doubt about the recklessness of the opposite case, as the title of this thread shows.

[Husires]

I read a story about a famous person who went bankrupt and refused to take off his ring to clean cars. The value of money decreases when you earn a lot of it. If you are an employee who earns $100 a month, it is different from someone who has a salary of $10,000 and who can spend this $100 on one meal.
When you have a lot of money, you start looking for rare things, such as limited edition cars, gold-plated phones, or things that others cannot own.

[bittraffic]

It’s a reckless financial decision for some people to turn down that kind of money but if the celebrity in question is wealthy & can afford to not take that role then whatever. If he sticks to his principles & smoking weed means that much to him that he doesn’t want to take the role then it’s fine.

Like Johnny Depp who was offered $300 million by Disney to come back for the Pirates of the Caribbean. He turned it down because of what Disney had done to him during his battle against his X-wife. That's a huge money and anyone would yes if he is just struggling with his career. But Johnny is moving on.

Not sure if this is reckless to him but it sure sounds reckless for someone who is looking forward to just forgetting everything behind.

[Apocollapse]

Your example don't make any sense, do you think every people in the world like you? nah. You doing something, there's a person don't like your progress, you don't do anything, there's a person don't like you because he think you're lazy.

When a celebrity turns down a company, there's always an other company will reach him.

Mostly company that accepts smoking weed are related to gambling, sexuality, and beers.

[kingvirtus09]

Do you think a celebrity who turns down a multi-million dollar deal solely because the organization doesn't allow him smoking weed is a reckless financial decision?
Keep in mind this definition of reckless financial decision - It entails when a person makes choices that involve significant financial risk or lack of consideration for the potential consequences.

What other reckless financial decision do you know or have heard of?

You know from my understanding that if you invest in an investment scheme where you don't even do any research and just invest, you are putting your capital at high risk. And when you do this as an investor, it can be called a reckless decision without thinking properly first.

Then, when we say the word "riskless," it's broad in general terms; it can be financial, it can be individual problems, and so on. It can also refer to not valuing retirement savings, which also includes reckless decisions.

[spectre71]

Getting married, definitely getting married. A guaranteed loss for the average man. 

[tsaroz]

Do you think a celebrity who turns down a multi-million dollar deal solely because the organization doesn't allow him smoking weed is a reckless financial decision?
Keep in mind this definition of reckless financial decision - It entails when a person makes choices that involve significant financial risk or lack of consideration for the potential consequences.

What other reckless financial decision do you know or have heard of?

When it comes to rich people, the money is generally not an issue. So, they want to live their life as they want. And when you can afford, it's better to live your life with your standards. What's the use of money when you can't enjoy it. That might be the understanding of the celebrity in question.
Celebrities are expected to have an ideal image and many brands still believe marijuana would hurt the brand image. It's an advantage of not being a celebrity that people like me are never asked by the employer not to take marijuana or alcohol.
Marijuana could be bad if people are destroying their life and finance being high all the time. It's not an issues when you are enjoying at your spare time.

[el kaka22]

Depends on how much money you already have. I mean Matt Damon famously rejected Avatar, for a share of the box office. That could be one of the biggest rejections in history of the world, we are talking about rejecting 200 million dollars, I am sure there must have been some bigger in some other industry, but this is certainly one of the highest ever.

It is not really about regret, it's about the fact that if you have enough, you are in a position to reject. If you offer something terrible, like lets say keep the acting going, you hire some homeless person to play a homeless person for 15 dollars, sure they may accept, even for a soup and a sandwich with a fresh drink, cheap but if you offer that to Brad Pitt, he would reject. It's all about the position you reject from.

[acroman08]

Do you think a celebrity who turns down a multi-million dollar deal solely because the organization doesn't allow him smoking weed is a reckless financial decision?
Keep in mind this definition of reckless financial decision - It entails when a person makes choices that involve significant financial risk or lack of consideration for the potential consequences.

it depends, if the celebrity is already a multimillionaire, millionaire or maybe not even a millionaire but is in a place where they can deny multi-million dollar roles and it wouldn't affect them financially, then no, it is not a reckless financial decision. That person is basically prioritizing themselves and what they want and not how much money they'll get from a role.

[Yatsan]

Do you think a celebrity who turns down a multi-million dollar deal solely because the organization doesn't allow him smoking weed is a reckless financial decision?
Keep in mind this definition of reckless financial decision - It entails when a person makes choices that involve significant financial risk or lack of consideration for the potential consequences.

What other reckless financial decision do you know or have heard of?

He just knows his "value". He simply knows that money won't be limiting himself from the thing that he wants. Also, he'e a celebrity, he's been offered big amount because there's something from him and that he knows that such opportunity will again come and might even be higher. Being offered means there's a demand, and if there's a demand there are competitions but that's another story to tell or discuss about. Bottomline is he don't wnt to adjust his habits just because he is being paid. There's no need to settle for "less", and that's subjective.

Depends on how much money you already have. I mean Matt Damon famously rejected Avatar, for a share of the box office. That could be one of the biggest rejections in history of the world, we are talking about rejecting 200 million dollars, I am sure there must have been some bigger in some other industry, but this is certainly one of the highest ever.

It is not really about regret, it's about the fact that if you have enough, you are in a position to reject. If you offer something terrible, like lets say keep the acting going, you hire some homeless person to play a homeless person for 15 dollars, sure they may accept, even for a soup and a sandwich with a fresh drink, cheap but if you offer that to Brad Pitt, he would reject. It's all about the position you reject from.

Indeed another reason to consider. If he has existing deals and contracts with other organizations or companies, then it won't be that much of a loss for him. He would for sure not display such pride without having something to back him up. If it is really that "big" in his perspective, he won't reject it at first and will most likely adjust himself. Knowing your value means knowing what you want and what you don't, as well.

[Dr.Bitcoin_Strange]

Rejecting an offer that prompts you to avoid what makes you happy is not a harsh decision to me; it's obviously for the individual's personal reasons, like having peace of mind and doing what they are happy with. 

If already I have enough wealth and riches that I am satisfied with and I don't really need any offers that discomfort me, I don't mind rejecting such offers without minding the price that comes along with them. 

It's only someone who doesn't have any further options who can settle for anyone they manage to find. Those who believe that they will definitely find more opportunities will always be picky about the kind of offers they accept. 

Some years ago, while I was still working at a place, my boss said I didn't have to wear any form of jewelry to work. There were no chains, no rings, and some other restrictions that were just so unfavorable to me, but I had no options unless I accepted and started the job. 

[famososMuertos]

Let's get to the root of the matter, is this even questionable, that is, arguing whether this case is absurd based on what is mentioned, it is absurd to even discuss it.

That itself should make us question ourselves, that is, question basic principles.

On the other hand, the idea that can be discussed is the religious aspect, health, even beliefs.

For example, Michael Jackson was about to reject Thriller, the most viewed video and best-selling song of all time because he did not believe in zombies, he was against his thoughts.

MJ almost rejected it, he agreed on the condition that a message that people can read before starting the video, it was placed, even in its 4k version it maintains it.

Perhaps with the talent he had he would have achieved something similar, but it is still his greatest success and the one that made him the most money at that time and still today, in this case it is criticizable and we can fall into divided discussions.

But there are cases that should not even be raised, nor named, much less discussed, they are nonsense or the feeding bottle of som celebrities.

[Barikui1]

Do you think a celebrity who turns down a multi-million dollar deal solely because the organization doesn't allow him smoking weed is a reckless financial decision?
Keep in mind this definition of reckless financial decision - It entails when a person makes choices that involve significant financial risk or lack of consideration for the potential consequences.

What other reckless financial decision do you know or have heard of?

I really don't think that's a reckless financial decision because everyone has what is important to them, or let me put in this way that, everyone priorities are not the same, you, you are thinking of the money involved while that celebrity is thinking of his pleasure and convenient.

You have to understand that most people are satisfied with what they have,  such people if you offered them a multi billion dollars contract that inconvenience them, they will turn it down because that's not the most important to them, so to me it's not a big deal, everyone can't reason or behaved the same way, and I want you to know that we all have eye to look, but we see differently.

[GbitG]

Do you think a celebrity who turns down a multi-million dollar deal solely because the organization doesn't allow him smoking weed is a reckless financial decision?Keep in mind this definition of reckless financial decision - It entails when a person makes choices that involve significant financial risk or lack of consideration for the potential consequences. 
What other reckless financial decision do you know or have heard of?

It could be considered a reckless financial decision by others, but for the person who has rejected the offer, it might not be because he can afford to do that and they might not be ready to compromise on anything that they do or like doing no matter what it is. It often becomes a question of self-respect, and when you feel that your self-respect is being compromised in a deal, you wouldn't see the financial loss you may incur if you rejected the offer.So it can differ from person to person. Some might be ready to leave things that they do for a good offer because they can't afford to lose a good deal, and some might not care about money if they are asked to stop doing something that they often do.

[alastantiger]

The word financial recklessness doesn't exist in the vocabulary of celebrities of the rich and wealthy in the society. These are people who buy handbags worth millions of dollars only to use it once and abandon it forever. The person in the story, cannot reject such a deal. I don't know who that person is but a multimillion dollar deal is what made Rihanna fly all the way to India to perform at the wedding of the children of one of the richest person in India.

Well the whoever the person in the story is, is not Rihanna but it should not be called Financially reckless.

[Orpichukwu]

I guess I can relate to this this post, or maybe i have heard of that decision some where.

This is not new news again; it was something that happened sometime last year, and the celebrity in question was Nigerian Afrobeat singer "Burna Boy." The deal was a contract with an organisation in Dubai that was worth $5 million. He turned it down because the contract said he wouldn't be allowed to smoke his weed in there as it's considered illegal. 
 
Why I rejected a $5 million offer to perform in Dubai, Burna Boy It was just a one-night performance, but he turned that down. He is worth the money, and losing that was really nothing to him, so he can't consider it reckless.

[topbitcoin]

Do you think a celebrity who turns down a multi-million dollar deal solely because the organization doesn't allow him smoking weed is a reckless financial decision?
Keep in mind this definition of reckless financial decision - It entails when a person makes choices that involve significant financial risk or lack of consideration for the potential consequences.

What other reckless financial decision do you know or have heard of?

Maybe because the celebrity already has enough money and maybe doesn't need a job anymore or something, but this is a decision that feels less than rational, because how can he miss out on a good opportunity just because he can't let it go. bad habits he often does? even though it was only temporary, because when his contract expired, he could return to his bad habits, namely smoking tobacco and marijuana.

and I'm sure one day he will regret his decision. And the same problem also happened to one of my close friends who is a businessman and also someone who loves football matches and likes betting on it, where one day he decided to miss a meeting with an important client just because he didn't want to miss a football match. with the reason being that he placed a big bet in the match. In the end, the bet was lost, while his client felt so disappointed that he chose to terminate the contract with him, and it became a loss for the company he led.

[philipma1957]

Getting married, definitely getting married. A guaranteed loss for the average man. 

I guess I am not average.


1986 to Now means 38 years in a few months.  It has been very good really good.

[boty]

The word financial recklessness doesn't exist in the vocabulary of celebrities of the rich and wealthy in the society. These are people who buy handbags worth millions of dollars only to use it once and abandon it forever. The person in the story, cannot reject such a deal. I don't know who that person is but a multimillion dollar deal is what made Rihanna fly all the way to India to perform at the wedding of the children of one of the richest person in India.

Well the whoever the person in the story is, is not Rihanna but it should not be called Financially reckless.

When someone has enough wealth for them to use it for whatever they want, of course they will never think about spending their money and for those of us who don't have money like them, of course we have to organize well how to manage the income we have properly, because If we use the income we have carelessly then the income we get will never be enough to meet the needs we need for a month and for those who already have a lot of money, of course they will think about how they appear in front of many people so they can appear luxurious. and this is only natural because they have sufficient wealth to be able to fulfill their desires.

[Natsuu]

Rejecting an offer that prompts you to avoid what makes you happy is not a harsh decision to me; it's obviously for the individual's personal reasons, like having peace of mind and doing what they are happy with. 

If already I have enough wealth and riches that I am satisfied with and I don't really need any offers that discomfort me, I don't mind rejecting such offers without minding the price that comes along with them. 

It's only someone who doesn't have any further options who can settle for anyone they manage to find. Those who believe that they will definitely find more opportunities will always be picky about the kind of offers they accept. 

Some years ago, while I was still working at a place, my boss said I didn't have to wear any form of jewelry to work. There were no chains, no rings, and some other restrictions that were just so unfavorable to me, but I had no options unless I accepted and started the job. 

Right. If you're financially comfortable and content, rejecting offers that don't align with your happiness is a reasonable choice. Having the luxury to be selective is a privilege. Situations like your past job where compromises were necessary for employment highlight the challenges some face when choices are limited. Everyone's approach to such decisions is shaped by their unique circumstances and priorities