Reckless financial decision ?

[icalical]

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.

If this is a performance related work, then it needs more context. Some celebrity feel they could perform better when they do some rituals like smoking weeds before show or other things. So, if they couldn't perform with their best because they can't smoke weed, and they just turn down the job, then it actually is the right decision, saving them from ruining their reputation that might give them even more potential financial loss because they accept a job that doesn't allow them to perform their best and then could ruin their reputation.

A good financial decision is not just about making the most money at the very moment, but how to keep our business, and our client expand and make our income stable and sutain.

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[Dailyscript]

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?

Indeed, it is a reckless decision if the celebrity's net worth is not even up to one quarter of the deal that was given to him. I can only see it as normal if the deal was nothing much for the celebrity. Only celebrities' that have a very high net worth or money would actually do that type of deal. These celebrities are not motivated by money or influence; literally, they don't need it.

[Claudeake]

The decision of the celebrity is not a reckless financial one. It is based on conscience of the individual. Though, money is needed for the possession of assorted goods and services. But, wealth is principal of all things in the human society. It enables the individual to deal with the dynamics of the contradictions of the human society.
Therefore, the celebrity considers the smoking weed an act that does justice, peace and tranquility to his soul more than the offered money.
Thus, reckless financial decision is relative to different individuals on the basis of conscience and personal choice.

[moneystery]

i don't think that it was a reckless financial decision because if he was a public figure, let alone a superstar, he might think that drugs have become a part of him and his fans tolerate him consuming them. so that when there was an offer like that he didn't think it would be a loss to refuse the offer because he already knew how much he valued himself. surely he already has his own calculations so that he can reject the offer, and already has the calculation that without this offer he can still get another offer which will value him more.

it's a different matter if he is someone who really needs money, but he refuses the offer, maybe that could be said to be a reckless financial decision because he doesn't think about the consequences of his action of refusing the offer.

[harapan]

I see it as a reckless financial decisions,but  the person who is supposed to handle the deal might not see as a wrecking decision that he took,because he knows his worth,and he wouldn't want to be monitored and authorized unnecessarily;although I don't know how he takes and sees the idea of not smoking in camera,but at least he can simply quit smoking for once.
But it's okay to reject contracts that you find inconvenient and uncomfortable.

But The truth is that the public needs something better than smoking/smokers.The company's core values and standards will likely depreciate If their clients finds such an activity,that won't be proper.In as much as the company's growth and reputation is their paramount concern,and they should not be seen promoting illegal habits like smoking.

[Casdinyard]

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?

Depends really, this is a celebrity we're talking about with propensity to drive millions of dollars towards themselves, and not just be a driving force to be used by brands and figures for their own personal gain. The management probably sees this potential in the person and decided that it's not worth the multi-million dollar deal, and thus opted to not go for that particular option. In which case I wouldn't really call it a reckless financial decision cause at the end of the day, the celebrity's got something more valuable (at least intrinsically) than the money at the table, which is his reputation, his brand presence, and the potential that he could put to the table that may be jeopardized if they went with the weed product deal.

What I would consider a reckless financial decision is buying stuff under credit in the heat of the moment. For example. I've got an uncle who's indecisive and is often duped into purchasing products he doesn't need out of the pressure exerted against him by salespersons on the mall. That is an example of a reckless financial decision, not the one you just gave us in my opinion.

[itorai]

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.

The value of money decreases when I have a lot of money is very possible, because royaltas will also increase when i have a lot of money whatever i want i will buy yee... even though i don't really need it. Sometimes most people think that rich people are free, want to buy anything at any price is not a problem, but unfortunately it's just a dream of mine, whether it materializes or not i don't know especially since i'm just a person who dreams big and doesn't try much to achieve his dreams. Yes, although it does not rule out the possibility that i keep trying my best.

[tabas]

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?

Totally reckless. Stardom can fade in the next few years when you're not obeying your organization's liking and instructions and so as your manager. That's a multi million dollar deal and just for the sake of smoking weed or any violation that you've been told to stop, you have to stop that on an instant if you like your career. Understanding being in the entertainment industry will make you realize that this career won't even last forever for the most of the talents and celebrities and that's why wasting such deal is a reckless move and 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 Dennis Schroder rejected Lakers a multimillion contract offer which was estimated $84M. And then, he's signed back to Lakers last year for $2.64M.

[MarjorieZimmermanGinger]

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.

There are many people who make reckless decisions in this world when considering financial decisions and no one knows why they make those decisions. There are risks that need to be risked every day and it's not just celebrities because everyone in this world has their own financial conditions. Basically, using drugs is not a good thing because it can affect people's lives if used excessively and drug addiction can also affect other things for the worse.

Financial advice and financial decisions taken by each person have their own responsibility and these decisions should not be taken carelessly. If not, we will face the consequences of risks that will occur and when the decisions we make are wrong, these risks will have an impact on us.

[Falconer]

-snip-

There are many people who make reckless decisions in this world when considering financial decisions and no one knows why they make those decisions. There are risks that need to be risked every day and it's not just celebrities because everyone in this world has their own financial conditions. Basically, using drugs is not a good thing because it can affect people's lives if used excessively and drug addiction can also affect other things for the worse.

Financial advice and financial decisions taken by each person have their own responsibility and these decisions should not be taken carelessly. If not, we will face the consequences of risks that will occur and when the decisions we make are wrong, these risks will have an impact on us.

That's true, I think that is one of the realities of life that happens every day. Hasty decisions regarding financial management are proof that financial management is not useful for him. The aim of managing finances is to avoid financial problems or minimize them, but many people fail to understand this and practice it.

Do you know how important a reserve budget is every time you want to spend money?
Regardless of what your money needs are, a reserve budget must still exist. You should be able to set aside a few percent of that budget for a reserve budget instead of spending all your money on whatever needs. But the opposite may be true especially because they still think that they can get another lot the next day or next month.

[Mpamaegbu]

~snipped~

Sounds like Snoopdog.

Nope, not Snoopdog. The subject of OP's content is a Nigerian musician, except I missed it.

I first heard of that gist from ID Cabasa (smart and intelligent dude) on Nedu's podcast and I was like, "what the heck did I just hear?" Anyway, it's the musician's call to make. It's his shinning hour and he's got the world at his feet at the moment. Nonetheless, he shouldn't also forget that the same world he's got now is the same world that will mock him when he begins to dwindle in his fortunes. For me, I think what he did even goes beyond that refusal of his to putting out a persona of him that he's too picky and arrogant. Of course, he's. Judging by his interactions with other celebrities lately, one can't say otherwise.

[jrrsparkles]

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?

In my opinion, it's not a reckless decision at all and I just see the person prioritizing his self-respect or freedom over money in this case. Do you let someone decide what you want to do or do you want the freedom of deciding on your own?

I consider someone who decide without deep research like investing on crypto without even learning about it's basic things because they see someone who made tons of money in that is the reckless decision or someone who starts a restaurant without having any experience in that particular field and invest tons of money and in just over months went bankrupt.

[electronicash]

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?

In my opinion, it's not a reckless decision at all and I just see the person prioritizing his self-respect or freedom over money in this case. Do you let someone decide what you want to do or do you want the freedom of deciding on your own?

I consider someone who decide without deep research like investing on crypto without even learning about it's basic things because they see someone who made tons of money in that is the reckless decision or someone who starts a restaurant without having any experience in that particular field and invest tons of money and in just over months went bankrupt.

freedom is costly that's why some celebrities pay for it with their careers. i have no idea why this celebrity prefers to quit all because he can't smoke weed but definitely. he can weed in hiding or just at home that's where he can smoke. it's reckless that could damage his career and his finances, finding another career is the only option for them as social media will bombard him with criticism.

celebrities are often controlled by their sponsors, especially in terms of saying their points of view about politics. hollywood actors are just not able to criticize politicians that is their policy and if anyone does it, it better be with the sponsor's approval.

[Dzwaafu11]

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?

I cannot call these reckless financial decisions because the celebrity knows how much he is worth before turning down such an amount of money. Although I know the celebrity you are talking about, it is Burna Boy who turns down 5 million US dollars because he won’t be able to smoke in Dubai, but obviously if you look at Burna Boy, you will know he is worth more than the money he turned down. Furthermore, this is his private life, and maybe he can’t do without smoking weed, so he has to make that decision on his own. However, when you have so much money, you won’t know the value of it, especially when you are very wealthy and have everything you need in your possession. You won’t be willing to turn down some amount of money.

However, the artist who did these is making millions of dollars per show. For him to turn down a single show worth $5 million is nothing for him because he knows he will get more than that in less than a week or day. So I won’t call these reckless financial decisions; he knows why he made them. 

[red4slash]

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?

It depends on their perspective because in the end it's not just about financial issues but there could be priorities that come first.
So when their habits are restricted such as not smoking or not drinking alcohol in an agreement but they are cigarette and alcohol addicts I think they will definitely reject it outright because after all when someone who already has an addiction problem to something it will definitely be a little complicated if it is abandoned.
Regardless of whether it is reckless management or not I think in the end it depends on the choice that is made because forcing to follow the rules but in the end it hurts themselves I think it is also not a good deal.
Everyone has a different point of view and situation to decide on this so I guess it comes down to each person's choice in the end.

[Adreman23]

I believe it's an addiction because he can't resist the urge. Even during work or performances, he feels compelled to smoke weed. If it weren't for this addiction, he would have seized the significant opportunity, offering substantial payment and a great boost to his career. Addiction can truly dominate one's priorities, and the only solution when it becomes severe is for the person to seek rehabilitation.

[Yogee]

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?

I instantly thought of Snoop here. Is he the one you're referring to? His influence in the industry must be still "high" that's why he's not afraid to turn it down. People who can refuse these kind of deals are probably financially capable or know other ways to make money so it's not entirely reckless.

There was also another actor who turned down a multi-million job because they require him to get a jab first. He refused and I think people who knew that situation were questioning his decision at that time.

[Pi-network314159]

Life is all about decipline, personal decision and objective. Some people chose to represent what they believe or what they think is more important to them than others. Personal decision should be respected no matter the challenges. to the musicians weed gives them inspiration that pass a message across the congregation than a billion dollars. so the message he/ she passes, is the fun and joy he gets. So his decision may be for an important decision to him and not to any body

[franky1]

if a celebrity already has millions, thus his lifestyle is secure.. an extra million achieves no extra benefit..
.. however money that comes with terms/conditions that interrupt someones lifestyle actually has a negative effect and can wreck his lifestyle more than not taking the money

[sekalitas]

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?

If he already has a lot of money and high demand in his industry, turning down a multi-million dollar deal might not be as bad as being forced to quit smoking weed. Stopping weed use could potentially impact his productivity to a degree that hinders future deals. Ultimately, whether this is a reckless decision depends on his specific circumstances. As long as the potential benefits outweigh the risks and he understands the consequences, it wouldn't be considered reckless.

One example of a reckless financial decision I've heard of is resigning from a secure job to open a business without adequate savings or relevant experience. In this scenario, the individual needs to learn everything from scratch, and the business needs to become profitable quickly to avoid depleting their savings. This is considered reckless because it involves a very high risk of financial failure.