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Author Topic: Reckless financial decision ?  (Read 848 times)
Wiwo
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March 06, 2024, 11:17:28 PM
 #81

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.
Very currect because the celebrity is a clear example of what addiction can do to anyone how can you let go of a multi million deal because you are not allow to smoke on stage, I don't know what the music industry is turning into with the over usage of drug, and come to think of it, won't this affects his future deals because many companies may buy caught such an artist if they know that he can work on stage without taking a substance such as hard as weed on stage.

I believe that celebrity may comes from my country, where the music industry is polluted with alot nonsense and promoting drugs and other negative vises, any ways, it is such a shame to have such outcome regardless of what the level of the musicians my be, if they keep rejecting offers, very soon they may go broke.
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March 06, 2024, 11:31:43 PM
 #82

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.
Very currect because the celebrity is a clear example of what addiction can do to anyone how can you let go of a multi million deal because you are not allow to smoke on stage, I don't know what the music industry is turning into with the over usage of drug, and come to think of it, won't this affects his future deals because many companies may buy caught such an artist if they know that he can work on stage without taking a substance such as hard as weed on stage.
These vices are really addictive and that's what we can see with their images if they're in the entertainment industry. As if that it is making them cool but their influence to the younger generation is certainly odd and crazy.

I believe that celebrity may comes from my country, where the music industry is polluted with alot nonsense and promoting drugs and other negative vises, any ways, it is such a shame to have such outcome regardless of what the level of the musicians my be, if they keep rejecting offers, very soon they may go broke.
I guess that influences every country that have their own music and entertainment industry and that's full of those things. Well, once they're famous, they can do everything that they can and they can get away with it because they have money but going to the main topic if that's a reckless financial decision, it is and that will never change.



 

 

 

 

 

 


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March 06, 2024, 11:47:09 PM
 #83

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?
The decision is termed reckless or not depending on who it hits. If it were to be me I wouldn’t turn down the offer but then looking at the potential or should I say the person who turned down the offer it could be because he has more than that or it could be that he can’t make a good performance without smoking.

But then I would also say there’s no need to judge much on the case because what another likes isn’t what the other would like,vice versa. For me I wouldn’t conclude it to be reckless he went for what he chose, our choices differs.
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March 07, 2024, 05:48:33 AM
 #84

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.
That's the part we are missing, saying no to something g that you do not want to work at is not reckless at all, it's your own freedom to say no to things. It doesn't change just because you are a celebrity and you are offered a lot of money. There needs to be a line that you draw, and if you accept everything then it is not going to be something that you can accept, it is just not going to be all that crazy. We should consider it to be a lot more important on the long run at all.

I believe that we are not going to be all that easy to handle, and it is not going to be simple. We should just simply let it be and we could probably not do anything that would get crazy amount of support. We should probably make it work a lot easier.

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March 07, 2024, 08:30:04 AM
 #85

Celebrities ain't like the Investors, whatever they do is hyped and spread in the air for the world to be aware of. If a celebrity turns down such offer that doesn't make him become a financial reckless person. The celebrity already knows his worth and if paraventurely he was his demands was not considered and then he accepts the deal he would become a parasite mockery against his competitors. Unless the celebrity is an upcoming that barley want to make big name and cant even afford the amount of money involved in the deal.
There's a celebrity lifestyle and the first class celebrities maintains to that. He has got nothing to loose.
Even in the real World of investment, it you go seek for a contract and the company doesn't regards your influential personality by offering the chances to a big deal according to your worth I believe the vendor or the contractor would withdraw from the deal because it seems like a slap offering you a job you're worth than in a conditional manner. So the celebrity could be Said to had been bigger than the offer and could not accept the deprivation of his request to smoke.
Keep of from celebrity life because it's one thing we can't just get right as investors.

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March 07, 2024, 10:34:40 AM
 #86

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.
I think celebrities like that don't make reckless decisions, in fact it's better for them to refuse because they don't have permission. Sometimes celebrities are tempted to make a decision when they get a fantastic offer, especially on products that are still very controversial, such as marijuana cigarettes. In my country there are many artists who promote gambling sites with large contracts but in the end they end up in court. So in conclusion, refusing an agreement of great value is not a reckless decision because a decision will have an impact on yourself.

Quote
What other reckless financial decision do you know or have heard of?
In my opinion, this is a reckless financial decision for those who cannot properly secure their bitcoin wallets or sell bitcoins when they know that the bitcoin halving is approaching.
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March 07, 2024, 01:09:34 PM
 #87

Musicians and their absurd behavior at times makes me wonder who is actually suffering from the mental illness.

Anyway, it is a personal choice whether one company likes their weed habits or not and they are free to choose the company that they want to work with. It might also have to be about money involved and they are only covering it up with that "weed statement" to make it seem more juicy to the public eye.

You can never trust these celebs, they are always upto no good.

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March 07, 2024, 01:31:53 PM
 #88

But then I would also say there’s no need to judge much on the case because what another likes isn’t what the other would like,vice versa. For me I wouldn’t conclude it to be reckless he went for what he chose, our choices differs.
They're public figures so they're always open in scrutiny of the public and with such actions and decision once publicized, they can't get away with it but to deal with people's criticism if they're being considered as reckless people that are trying to avoid sound money and chooses to do their activities like smoking and can't even get on the deal with it because they can't easily give that up as it's already part of their lifestyle.

Quote
What other reckless financial decision do you know or have heard of?
In my opinion, this is a reckless financial decision for those who cannot properly secure their bitcoin wallets or sell bitcoins when they know that the bitcoin halving is approaching.
Those that still don't have a hardware wallet and yet they've got a lot of money invested in Bitcoin. IMHO, that's okay if they're keeping it well through a desktop wallet or a paper wallet. As long as they know how to keep their money safe through bitcoin and the wallets that they're using, that's not being reckless but being practical. But what's more for being practical is that they'll avail a hardware wallet to have a better security for their funds.

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March 07, 2024, 01:45:24 PM
 #89

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.
It's not about drugs or anything, it's about personal lifestyle choices, and some people would never agree to compromise on that. The choice he made was definitely because of this and not because he takes drugs and he isn't allowed to do that and he is addicted and can't help it, it's about self-respect, he couldn't bear the fact that he was refused to do a certain thing that he usually does in his life, and he probably can afford to do that.

Only a person who can afford to refuse such an offer would do it and for them, it isn't a bad financial decision because they don't need the money and they prefer their self-respect and lifestyle more than the money offered to them, which is why they don't consider it reckless.

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March 07, 2024, 03:03:15 PM
 #90

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.
We will get judgment after deciding something is wrong and usually the judgment starts from the people closest to us. I mean we will be in a difficult condition when we face problems independently and people are present only when our financial condition improves. The decision not to accept the job due to his organization prohibiting marijuana was his choice and indeed people would say it was the wrong decision, but I think he better understands the decision that must be taken.

What other reckless financial decision do you know or have heard of?
Everyone must have made the wrong decision and I just spent some money given to a member of the legislature in the election and unfortunately he didn't win so the money was lost. In fact, if I used it for investment maybe today I would have made a profit, I had considered that decision before, but that's what happened in the end.

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March 07, 2024, 03:58:21 PM
 #91

I think I remember a particular Nigeria Musician who recently turned down a multi million naira deal because he was not going to be allowed to smoke weed. I guess Burna Boy (Damini Ebunoluwa Ogulu). If the person is the name I mentioned here I think he has made a statement concerning why he turned down the offer because according to him, he said he can't perform where he is restricted from smoking his weed because that's what make him happy. Secondly, Burna Boy is a celebrity and someone who's in his current level now can't be restricted from doing certain things because he's one of the best artist now in Nigeria and he doesn't lack deals as he's always touring around the world to perform. Guess what, recently a popular comedian by name mr jollof came on social media to say that the same Burna Boy rejected a deal of a million dollars saying the amount is too small they he doesn't charge anything less than 2 million dollars. May be in time to come when he's no longer trending he will regret some of the wrong decisions he made but I think in one way or the other people must make certain decisions that they will always love to regret.

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March 07, 2024, 10:54:04 PM
 #92

Multimillion? Unless the celebrity is worth Billions of dollars, I don’t see why he/she wouldn’t humble themselves and make some million money. If he/she isn’t worth Billions then it is likely that his/her pride couldn’t let them obey the simple rule. But it’s all personal preference I guess. Maybe the weed is more important than their career and that’s why he/she turned it down. Really disappointing.



 

 

 

 

 

 


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March 08, 2024, 05:00:24 AM
 #93

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.
That's the part we are missing, saying no to something g that you do not want to work at is not reckless at all, it's your own freedom to say no to things. It doesn't change just because you are a celebrity and you are offered a lot of money. There needs to be a line that you draw, and if you accept everything then it is not going to be something that you can accept, it is just not going to be all that crazy. We should consider it to be a lot more important on the long run at all.

I believe that we are not going to be all that easy to handle, and it is not going to be simple. We should just simply let it be and we could probably not do anything that would get crazy amount of support. We should probably make it work a lot easier.
Most many people make mistakes like that, there is no doubt about that. I understand that people may have some questions on how to balance it  and that's why I think we should not really look for anything else. If you can find that then you are going to have pace of mind.

I personally support reckless financial decisions time to time, it makes you feel alive to be fair. I am not saying that you should do it all the time, but when you have a chance, you should. Plus, being in debt, and having a lot of bad decisions that lead you to it, means that it will force you to work harder and make a lot more money. That way we will end up with something that will make a lot of money compared to what we normally make and that's good.

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March 09, 2024, 08:24:51 AM
 #94

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.
It's not about drugs or anything, it's about personal lifestyle choices, and some people would never agree to compromise on that. The choice he made was definitely because of this and not because he takes drugs and he isn't allowed to do that and he is addicted and can't help it, it's about self-respect, he couldn't bear the fact that he was refused to do a certain thing that he usually does in his life, and he probably can afford to do that.

Only a person who can afford to refuse such an offer would do it and for them, it isn't a bad financial decision because they don't need the money and they prefer their self-respect and lifestyle more than the money offered to them, which is why they don't consider it reckless.
Once a person has enough money, the last thing they worry about is money, so they can take decisions based only on their personal feelings and beliefs, this may seem odd for people which do not have freedom, but it makes perfect sense for those that are in that situation.

That being said, only the most famous celebrities can remain on the top for long, most other artists have a very limited time in which they can take advantage of their fame, so while they may not regret their decision now, we have no idea if they may change their mind on the future.
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March 09, 2024, 09:50:20 AM
 #95

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 that celebrity has already had a multi-million dollar asset or even have a better deal with other organization or the deal might provoked his pride and principle so he/she don't bother accepting that deal but I don't really know I could be wrong on this. If that is what makes that celebrity comfortable then he/she has the right to do that as long as he/she do it legally and for me it is not a problem as it is based on personal preferences.



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March 09, 2024, 06:59:18 PM
 #96

Money matters – it's the fuel that keeps our lives running.  But deciding how to spend, save, and invest can be a tricky tightrope walk.  One misstep, and you could find yourself dangling precariously over a financial abyss. Context matters.  Turning down a lucrative career to pursue a passion project might seem crazy for someone struggling to make ends meet, but for a wealthy individual, it could be a calculated risk worth taking.

It's all about proportionality.  A middle-class smoker rejecting a job for a smoke-free policy might seem like a foolish overreaction.  But maybe they have health concerns or a strong conviction against compromising their values.  The key is understanding the potential consequences and making a decision you can live with

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March 09, 2024, 07:22:57 PM
 #97

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 who the person is and how buoyant the person is financially.  If this decision is taken by some who has money already it will be considered not as a bad decision but if it is some that has never made such amount of money I don't think it will make any sense to miss such an amount of money like this,  for sure it is going to be a bad financial decision.
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March 09, 2024, 07:36:24 PM
 #98

Maybe that celebrity has already had a multi-million dollar asset or even have a better deal with other organization or the deal might provoked his pride and principle so he/she don't bother accepting that deal but I don't really know I could be wrong on this. If that is what makes that celebrity comfortable then he/she has the right to do that as long as he/she do it legally and for me it is not a problem as it is based on personal preferences.

I can say, maybe, the celebrity doesn't have the dire need of that money. So he just ignored the deal and just want to go on with his lifestyle. The amount may matter to some but for people like him, it seemed he didn't care about it. And that's  his own business.

For us, it is a reckless decision. But for this celebrity, what matters most is he continue what he's doing in his life. He is finding satisfaction with it so be it.

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March 09, 2024, 08:18:23 PM
 #99

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 that celebrity has already had a multi-million dollar asset or even have a better deal with other organization or the deal might provoked his pride and principle so he/she don't bother accepting that deal but I don't really know I could be wrong on this. If that is what makes that celebrity comfortable then he/she has the right to do that as long as he/she do it legally and for me it is not a problem as it is based on personal preferences.
This is exactly what I imagined the situation to be. Even I said no to some money in my time, and it did turn out to be a bad financial decision but it required me to quit my work and work for someone else and I love my boss and didn't know them so I decided to reject that offer, turns out it would have made me a lot of money but I never regrated it, because who knows maybe they wouldn't have paid me, I am happy where I am.

That celebrity may have felt like me, he/she is happy where they are, and did not needed the money and could just keep on doing what they are doing, could have been quite normal for a lot of people who already have a chance. You need to offer someone who has nothing and must accept, and if they reject too, then maybe it is a wrong decision.

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March 15, 2024, 05:42:23 AM
 #100

Maybe that celebrity has already had a multi-million dollar asset or even have a better deal with other organization or the deal might provoked his pride and principle so he/she don't bother accepting that deal but I don't really know I could be wrong on this. If that is what makes that celebrity comfortable then he/she has the right to do that as long as he/she do it legally and for me it is not a problem as it is based on personal preferences.

I can say, maybe, the celebrity doesn't have the dire need of that money. So he just ignored the deal and just want to go on with his lifestyle. The amount may matter to some but for people like him, it seemed he didn't care about it. And that's  his own business.

For us, it is a reckless decision. But for this celebrity, what matters most is he continue what he's doing in his life. He is finding satisfaction with it so be it.
While there are some decisions that we can say are mistaken no matter what, when evaluating most decisions we have to take into account the circumstances that surround it.

A person which refused millions of dollars in order to keep a specific lifestyle, and that did not had such an amount on their bank accounts is without a doubt making a mistake, but if another person took the same decision, but that amount of money only represents a fraction of their wealth, then we cannot really say they took a bad decision.
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