Reckless financial decision ?

[MarjorieZimmermanGinger]

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.

Not many people are able to minimize unproductive expenses so they fail to make financial management more precise. Financial problems will be the most crucial now, because if people are unable to keep up, it will have an impact on the course of life. For example, such as living expenses, health and children's school fees. In parts of the world there are many people who suffer from illnesses and children who cannot go to school because they do not have money so they are forced to accept the situation.

Allocate money for several things, apart from meeting living needs, investment, business and other needs in living life. This concept will be very difficult to implement if someone does not have a steady source of income and now one needs to think about how to make money regularly even if it is a little smaller. It is better to have a small but regular income than to have no income to meet all your needs.

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[Kakmakr]

It is only a reckless financial decision, if you do not have other opportunites lined up. A lot of these celebrities have loads of offers thrown their way, so they can pick and choose what they want.

It will be seen as a reckless decision, if you are a upcoming star and if you turn down a offer based on that reason. Other companies will not want to work with you, if you do that early in your career.

[naikturun]

I think that was his choice, because maybe from the start he started his career and made an agreement with himself or his team to make a rule that must not be broken.
so maybe that is one of the reasons for the story you mentioned.
there was nothing reckless about refusing that, at least he/she had discipline.

[Fivestar4everMVP]

A celebrity who turns down a multi-million dollar offer or deal simply because he is not allowed to smoke weed is definitely reckless with his or her financial decisions, but this is in my own perspective alone, for there is still the possibility that the celebrity may have other reasons why he or she turned down the deal that is maybe outside the company not allowing him or her to smoke weed.

Personally, I've never done weed, and will never do it, for I detest it, but I don't judge people who are into it, some are addicted to it, and because of that addiction, they can't perform outside or without taking weed, this also may be the reason why he turned down the multi-million dollar offer, maybe he or she is already addicted to weed, and can't perform the deal as he is expected to perform, if he doesn't smoke it, and instead of him or her ending up not meeting to the expection of the company, and also disgracing him or herself in public due to lack of inspiration, which is as a result of not smoking weed, he or she felt it better to just turn down the offer, for in the money, money is not everything, most especially when already have a lot of it.

Multi-million dollar is a huge amount of money, only to those who don't have it yet, the celebrity in question may have multiple of it, and this means nothing to him anymore, so, to him or her, he or she lose nothing by turning the offer down.

[ThePromise]

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 depends on your own decision, as you said, he is an artist so it is possible that he has many other projects, offers and other promotions with a large income, We cannot say that the artist's situation is a reckless financial decision because he is really rich, It's not like if it was offered to a normal person and then it was not accepted, that's when I can only say that it was a reckless decision because you let go of the opportunity that was coming to you, knowing that you are not rich and the money will be big as long as you stay away from the vices that you have.

[pinggoki]

I don't think that it's a reckless financial decision, that celebrity's got a lifestyle that he/she can't live without and so he ends up having to decline it, I guess that celebrity has a principle that he doesn't want to break anytime soon plus he's a celebrity so I don't think that they're going to have a problem finding other million dollar deal, and I don't think that they're going to be offered a million dollar deal if they're not already a millionaire and from what I can deduce from that, these celebrity's probably financially stable and got a lot of income stream so that rejection might not be a big deal to that person, maybe it's just us at the bottom that sees it as a reckless decision and I think that we can learn something from that person.

[tiCeR]

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?

Well, accepting a deal that has long-term negative consequences down the road could be more reckless than actually accepting the deal. I don't know what celebrity you are talking about, but when you take Snoop Dog as an example, I think any deal that forbids him to smoke weed would probably harm him more than it would do him good financially. If these guys are active in the cannabis industry, their lifestyle is part of their marketing agenda. What good would it be to sign a multi-million dollar deal with whatever brand that has nothing or not much to do with the agenda that these celebrities are pushing otherwise?

I think it is all about the balance between the cons and pros and without knowing which celebrity you are talking about, it is hardly possible to give a more specified opinion on the topic. You could look at this from all angles anyway.

Reckless financial decisions that I remember from the top of my head is something like Ronald Wayne selling his 10% equity share in Apple for a total of $2300 in 1976/1977.

Or Steve Ballmer who refused to look into smartphones when he was still Microsoft CEO.

You could argue that Elon Musk buying Twitter for over $40 billion paid way too much. But since it serves his agenda, he might not have cared about paying a premium.

[Richbased]

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 amazes me how some persons would just turned down huge offers and deals just because of a condition that's attached to it and I think what causes some of this decision is too much ego (high self esteem).

Some people feels that with the wealth they've acquired in life, they can influence how they want their business to go with others.

Pride is very bad for any business person because it will surely lead to one's downfall. Okay let's take a scenario whereby he keeps rejecting deals as a result of the fact that he isn't allowed to smoke weeds, how is he gonna keep growing? It's very bad that some people just feel so full of themselves to the extent of being too ignorant of some nasty decisions they take.

[Kelward]

What an average income earner considers as financial recklessness can be a regular lifestyle of celebrities and the super rich, so it's a relative term, meaning that what you consider a foolish financial decision can be what another person does for fun. So it depends on the financial status of the celebrity that is discussed in the OP, if he's supper rich, perhaps a billionaire, then he can easily give his weed more priority than the deal that he was offered, but if he was not super rich and turned down a money that can increase his fortune, then it's foolishness on his part. Sometimes we need to sacrifice by giving up a habit temporarily in order to achieve something greater,

[kingvirtus09]

It is only a reckless financial decision, if you do not have other opportunites lined up. A lot of these celebrities have loads of offers thrown their way, so they can pick and choose what they want.

It will be seen as a reckless decision, if you are a upcoming star and if you turn down a offer based on that reason. Other companies will not want to work with you, if you do that early in your career.

There are other celebrities who are also careless in their decisions, in fact, and regretted in the end because they made a rash choice that they thought was the right thing to do.

That's why even if I became one of the celebrities and reached the popularity or fame that they have, I will not waste the opportunity that everything I worked for will just go to nothing,

we should not waste everything we worked for.

[Odusko]

A celebrity who turns down a multi-million dollar offer or deal simply because he is not allowed to smoke weed is reckless with his or her financial decisions, but this is in my perspective alone, for there is still the possibility that the celebrity may have other reasons why he or she turned down the deal that is maybe outside the company not allowing him or her to smoke weed.

The negative impact of drug usage in the music industry is high and at that many artists take the drug to be a maguc food for them and for that, they are now so reckless to the point that they turn down almost everything that is outside smoking weed and taking the drug at all time even in public,  the artist may not know the impact and effects of his action now, but wait until there is no more deal for them they will realize the importance of putting business first before pleasure.
Just as you said anyway, it sure is a thing for us to assume that no public smoking is the reason he turned down the offer, but there may be more to that aside from the weed thing.

[Woodie]

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?

When it comes to such deals, it's not always about basing everything about financial gain, and considering this is about a celebrity...this means self image, reputation is everything and if you became a celebrity as an activist against drugs..there is no way you will endorse a drug related brand just because they are paying you well. Should you go for the money, expect your celebrity status to go down the drainage!!!

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.

I guess by definition given above, this qualifies to be a reckless financial decision, case closed!

[ancafe]

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?

For me it depends on each person's point of view and we also have to look at whether smoking marijuana is prohibited in that country. Decisions are taken based on considerations, whether they are risks or considering other things.

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?

The definition of a decision will be different if it is related to a prohibition, for example in my country smoking marijuana is a crime if caught, therefore the decision not to take the job is a rational choice. Every decision must have consequences that must be taken and these decisions should be considered carefully before everything is done. I've heard of jackpots in lotteries because in my area especially it's banned and has a negative side that the winner's family will tell so they try to ignore it.

But furthermore, I don't know whether he took the winnings because he bought the lottery through someone (agent) and maybe he took it secretly so that people wouldn't know about his behavior. It is based on different definitions and may also have to look at the place and conditions.

[slapper]

What irony. A celebrity wastes a lifetime of privilege on cannabis. Is it reckless? Absolutely. However, it's also a fascinating study of human priorities and how we value short-term gains above long-term ones. Some find this decision confusing, but it illustrates the complicated, frequently conflicting nature of human decision-making

Broaden the lens. Not an isolated instance. The financial world is full of foolishness. Like millionaires who go bankrupt owing to a lack of budgeting or investment. Or egotistical people that invest in failing businesses for no return to maintain an image. These instances demonstrate irresponsibility and a poor misunderstanding of value, risk, and financial management. The puzzling nature of human behaviour and the unpredictable ways we determine what matters to us are evident in these errors

[umbara ardian]

This celeb turned down a boatload of cash to endorse a weed product, huh? Sounds crazy, right? But hold on, there's more to the story than meets the eye. It's not just about the fat stacks of bills. Celebs gotta think about their brand, like their image and reputation. This weed product might not jive with their whole thing, you know? Like, if they're all about being a wholesome family icon, promoting pot might not be the best move.

Plus, there's always the chance of getting backlash from fans or even losing future deals. Gotta be careful about what they attach their name to, kind of like protecting their bread and butter. Now, your uncle with the impulse buying problem, that's a different story. He's not weighing the pros and cons, he's just swiping that plastic like nobody's business! That's where things get a little reckless.

[Juse14]

I think that was his choice, because maybe from the start he started his career and made an agreement with himself or his team to make a rule that must not be broken.
so maybe that is one of the reasons for the story you mentioned.
there was nothing reckless about refusing that, at least he/she had discipline.

Yes, he is a disciplined celebrity, disciplined to continue doing bad things. It is not like that..?

In this case, a celebrity or film actor is free to refuse an offer from any film producer. However, it must be remembered that producers have the right to make terms or conditions of contracts with the actors in their films. and he does this for the smooth and successful making of his film. Including by making a prohibition against smoking and using marijuana for film actors, because it is feared that this could slow down the process of making the film. For the prohibition on smoking, I think that is too much, but for the prohibition on using marijuana, it must be included, because when someone is under the influence of marijuana, they are often unconscious and do not have good control, so this can disrupt the process of making the film, and perhaps This is the reason why the producer made this ban.

and here it is clear that it was the celebrity who was wrong, he was "reckless" because he was unable to read the opportunity that came to him, and he was truly "reckless" because he missed this opportunity just to maintain his bad habits. Which perhaps this opportunity is an opportunity that other celebrities want and dream of.

[Lanatsa]

It is only a reckless financial decision, if you do not have other opportunites lined up. A lot of these celebrities have loads of offers thrown their way, so they can pick and choose what they want.

It will be seen as a reckless decision, if you are a upcoming star and if you turn down a offer based on that reason. Other companies will not want to work with you, if you do that early in your career.

There are other celebrities who are also careless in their decisions, in fact, and regretted in the end because they made a rash choice that they thought was the right thing to do.

That's why even if I became one of the celebrities and reached the popularity or fame that they have, I will not waste the opportunity that everything I worked for will just go to nothing,

we should not waste everything we worked for.

As if we do all share up with the same thinking but we do know that there are people who do make out odd decisions on which you dont even expect that it do really happens on which making up decisions
that you would really be having those thought on what the heck they've been doing? Getting famous and having that fame and tons of money will surely make you dumb in some conditions but shouldnt really be that bad as this. Some are really that trying to fight with their own principle and ego on which on the time that there's someone who wont be allowing or something that will not consider out on what they do
then they do become that sensitive on which it do comes into a point on making this shit decisions and make out those regrets afterwards.

When it comes to money making then all of us would really be doing our very best on trying out to close best deals on which we know that this would be adding up the income flow
but some might be thinking confidently that they wont really be needing it that much.

[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.

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.

This reminds me of Air Jordan the man who brought Nike to the level of Adidas, and there are other similar real incidents too like Ronaldo's commission-based contract made a change in the partnership with brands. If a person with that influence try to be responsible as much as they can because their reputation matters more than anything but if a company decides what they should do further in their life is not acceptable and one who can realize their potential will reach more heights than what they are.

[RockBell]

What an average income earner considers as financial recklessness can be a regular lifestyle of celebrities and the super rich, so it's a relative term, meaning that what you consider a foolish financial decision can be what another person does for fun. So it depends on the financial status of the celebrity that is discussed in the OP, if he's supper rich, perhaps a billionaire, then he can easily give his weed more priority than the deal that he was offered, but if he was not super rich and turned down a money that can increase his fortune, then it's foolishness on his part. Sometimes we need to sacrifice by giving up a habit temporarily in order to achieve something greater,

These days you wonder where your money is going because it might not be necessarily that you are spending recklessly, but there are just too many things that we spend how money on now, starting from bills and a lot more and you are right is only when you do not have money you complain about spending if you see were the rich is spending you will know that the poor or even average person is just trying to manage, the rich have luxurious things that they spend there money on starting from cars, yacht plans and houses and lots. and they are always making money even s they are spending. and they don't go broke but average people will be scared of how their lifestyle will be when they spend money any how. but I believe everything is planned and the rich have money assigned to fund their lifestyle. and celebrities will need to keep up with their standard because they will keep spending both on wear and other kinds of stuff. After all, they will need to get people's attention and look expensive so that they will have a good price tag.

[batang_bitcoin]

I don't think that it's a reckless financial decision, that celebrity's got a lifestyle that he/she can't live without and so he ends up having to decline it, I guess that celebrity has a principle that he doesn't want to break anytime soon plus he's a celebrity so I don't think that they're going to have a problem finding other million dollar deal, and I don't think that they're going to be offered a million dollar deal if they're not already a millionaire and from what I can deduce from that, these celebrity's probably financially stable and got a lot of income stream so that rejection might not be a big deal to that person, maybe it's just us at the bottom that sees it as a reckless decision and I think that we can learn something from that person.

For me, that's a reckless financial decision. Yes, they may have their lifestyle but they can't sustain their lifestyle if it's not with these contracts. That's a huge money that's been thrown in the pit if that person can't stop some vices that the company or contract want him to get rid of.
It's not about the principle but that celebrity simply can't let go of his vice because once you're addicted to it, you can't get rid of it and that's what a real swag is, disposing million dollars of contract for a vice.