Famous people that died poor

[BitBakerr1]

There's one thing you are not getting right owing does not mean that you are broke or being on debt does not mean you are not rich, rich people can be in debt but for the fact that they have enough assets, then we can't call such person's broke, before someone we have the mind to borrow you a very huge amount of money you must have an asset that he knows of and that if sold it can pay him back the money he borrowed you, nobody borrows huge money to someone without an asset or collateral, for the fact that Michael Jackson was on debt does not mean that he was broke or they don't have money one can take loan in order to expand his self  or business however one has assets that if sold can pay back the debt and that is an example of Michael Jackson he has assets, or can you tell me that Michael Jackson did not leave behind assets that is given his family money till date even if they have sold some assets to pay the money he's owing there is still some assets that is left for the family the date and they are making huge amount of money from that assets, so Michael Jackson did not die poor he died rich and wealthy.

[justdimin]

This is scary as hell,  being rich and later dieing poor with nothing to leave behind for heirs and even charity. It would have been better they were poor but later because rich before death so dependants won't suffer. This is indeed a good motivation for us to take our finances seriously and plan for the future smartly.

And how many such famous people have there been throughout history? A huge number. So what? Well, man is not given the ability to manage money properly. What's wrong with that? But he has another talent, to which he has dedicated his entire life.

Knowing how to earn and save money is also a kind of talent. Not many replaceable and outstanding personalities have it. Everyone has their place in this life.

The scary part, is getting used to a better life and then losing all of it. Obviously that is normal and we got used to it by now, but we need to realize that doesn't make it any less painful. I always give the same example, a parent dying before their child is normal, it would be a horror when a child dies before the parent, but even when the parent dies first, which is the natural part, and majority of the humanity since existence, we can't really say it's not painful.

Just because something is normal, doesn't mean it can't be painful. We just have to face the fact that if you got rich and then lost all your money, then it doesn't mean you are going to lose all your money, it's going to be hard to go back to a poor life.

[Unknown Op]

This is scary as hell,  being rich and later dieing poor with nothing to leave behind for heirs and even charity. It would have been better they were poor but later because rich before death so dependants won't suffer. This is indeed a good motivation for us to take our finances seriously and plan for the future smartly.

And how many such famous people have there been throughout history? A huge number. So what? Well, man is not given the ability to manage money properly. What's wrong with that? But he has another talent, to which he has dedicated his entire life.

Knowing how to earn and save money is also a kind of talent. Not many replaceable and outstanding personalities have it. Everyone has their place in this life.

The scary part, is getting used to a better life and then losing all of it. Obviously that is normal and we got used to it by now, but we need to realize that doesn't make it any less painful. I always give the same example, a parent dying before their child is normal, it would be a horror when a child dies before the parent, but even when the parent dies first, which is the natural part, and majority of the humanity since existence, we can't really say it's not painful.

Just because something is normal, doesn't mean it can't be painful. We just have to face the fact that if you got rich and then lost all your money, then it doesn't mean you are going to lose all your money, it's going to be hard to go back to a poor life.

we saw that kind of many examples in our village ,town or city because people who are financial literate they will  hold the money and they will invest that money on good investment. The people who don't know about investment,then they could lose all their money which they earned in a short period of time . Most of the rich people got success and they became millionair in a day because they got success but they have skill to earn money and that happened to the most of the ethlete because they could be addicted in many things and they could enroll in betting which will make them poor . People always try to earn money but the people who got success slowly they will manage the money with excellent effort.

[Iamgoat]

The scary part, is getting used to a better life and then losing all of it. Obviously that is normal and we got used to it by now, but we need to realize that doesn't make it any less painful. I always give the same example, a parent dying before their child is normal, it would be a horror when a child dies before the parent, but even when the parent dies first, which is the natural part, and majority of the humanity since existence, we can't really say it's not painful.

Just because something is normal, doesn't mean it can't be painful. We just have to face the fact that if you got rich and then lost all your money, then it doesn't mean you are going to lose all your money, it's going to be hard to go back to a poor life.

we saw that kind of many examples in our village ,town or city because people who are financial literate they will  hold the money and they will invest that money on good investment. The people who don't know about investment,then they could lose all their money which they earned in a short period of time . Most of the rich people got success and they became millionair in a day because they got success but they have skill to earn money and that happened to the most of the ethlete because they could be addicted in many things and they could enroll in betting which will make them poor . People always try to earn money but the people who got success slowly they will manage the money with excellent effort.

If in the world of today, people stop investing in one asset or the other, the ripple effect which will be felt would have been disastrous because money will end up revolving around only those in the government and nothing for the private individuals or companies. Imagine when money is not in circulation in the hands of people because they don't invest rather they spend, and those few individuals who are in govt will be the ones to enjoy their labours. Investments whether in money or in material shares is a key critical part in every businessperson, they do not joke with it and won't allow mix it with pleasure.

Many of the people who understands the value behind money and investments will always find a way to grow and to also consider sustaining their wealth regardless of what they're making either as income or return on Investments. But People who don't know the value which is behind making money and building investments will often lose it as fast as they got it without making any important any tangible results of it. Gambling and overspending are two factors which make life difficult for anyone who in possession of wealth , so learning how to avoid it is a ticket to freedom of wealth on its own.

[Churchillvv]

The first page of the thread was shifted from the core reason of the thread to discussing people who the article considered poor at death while it’s a misconception from the article but however the discussion is quiet a significant thread that should be treated in our lives, taking things very seriously especially our financial lives is very good because you could make all the money today and end up losing them later in life if you don’t take investment and precautions now.

I have seen many rich die poor and it’s a lesson to us, we must not wait for the experience to happen closer before we learn however we can use those gamblers who went broke for their reckless habit  as a lesson to stay on our investment because it’s very important as it will keep us and fund use during times we might lack strength for work.

[PX-Z]

The people on those lists weren't necessarily poor when they died, but it's fair to say they managed their finances poorly during their lifetime. Passing away while still in debt can create huge problems for the bereaved family, although, just like in Michael Jackson's case, any remaining property is typically turned over to the lender or the state to pay the debt.

[fruktik]

we saw that kind of many examples in our village ,town or city because people who are financial literate they will  hold the money and they will invest that money on good investment. The people who don't know about investment,then they could lose all their money which they earned in a short period of time . Most of the rich people got success and they became millionair in a day because they got success but they have skill to earn money and that happened to the most of the ethlete because they could be addicted in many things and they could enroll in betting which will make them poor . People always try to earn money but the people who got success slowly they will manage the money with excellent effort.

Who told you that rich people don't lose money? Do you think they are any different from others? If you have such an opinion, it is a bit naive. Why? No one in this life is given to predict the rate of an asset in which money was invested. It is given only to make an assumption and nothing more. That is, to consider a potentially possible scenario. Everything else can only be attributed to probabilities. Do you think there are wealthy people who lost all their capital at one moment? This is a rhetorical question.

[Byebyebtc]

This just teaches us the sad reality that no matter what you are on this earth no matter what your achievement even if you are famous you will not take anything with when you are gone. every single thing is vanity but the truth is that even though it is vanity, nevertheless we have to survive and live a comfortable life. Live every single moment with love and care sharing and given, once you go away from this Earth you should be remembered with what you have done and people you have helped not your personal achievement.

[bubilas]

The people on those lists weren't necessarily poor when they died, but it's fair to say they managed their finances poorly during their lifetime. Passing away while still in debt can create huge problems for the bereaved family, although, just like in Michael Jackson's case, any remaining property is typically turned over to the lender or the state to pay the debt.

This is often the case with celebrities. They aren't even close to being good money managers. These people know how to make money, but when it comes to investing or saving it, they're often as naive as children. They often entrust their vast savings to scammers who portray themselves as excellent portfolio managers. And there have been plenty of such stories. It's just that celebrities seem well-rounded, while often not very smart in real life.

[Jeorgejs]

No, Michael Jackson did not die poor, but his financial situation at the time of his death in 2009 was complicated.

Michael Jackson was worth hundreds of millions of dollars at his peak. However, he had enormous debts—reports suggest debts of around $400–500 million, largely due to extravagant spending, failed investments, and the costs of maintaining Neverland Ranch.

Despite the debt, Jackson still owned valuable assets:
His music catalog (including the Beatles’ catalog he purchased in 1985).
Rights to many of his songs and albums.

After his death, these assets generated huge revenue for his estate—over $2 billion since 2009.

So i think michael should not probably there on your list.

[Chilwell]

This is scary as hell,  being rich and later dieing poor with nothing to leave behind for heirs and even charity. It would have been better they were poor but later because rich before death so dependants won't suffer. This is indeed a good motivation for us to take our finances seriously and plan for the future smartly.

It is so scary because their life will be mess and those people normally find it difficult to rise again, I back your idea for saying that at the Beginning you are poor but at the end you are rich, I know man need money throughout his life, at every stage of life he seriously need money especially at the old age, if he don't have any means you can see how frustrated the person will be and the world were living in now people worship money and people don't care about how you survive at all.

Planning for future is the best because when you have an opportunity make sure you use it wisely so that it won't bounce back on you. Planning ourselves also give us self control when it comes to spending.

[CryptoATM]

The lesson I got from looking at all these influential people is you can be exceptional in your field but if you do not know how to manage your money you might just die penniless. I personally do not want to pass away after suffering from poverty. I want my last days to be spent in bliss.

apart from the angle of dyeing while leaving a lot of debt for others to pay, the likes of Michael Jackson that actually lived a life that speaks of them even after they have died some years back can not be termed as people that died poor.

I’m really shocked that Micheal Jackson left so much debts behind financially because we had so much of his impact and influence because meh that guy was almost like a demigod back then.

But I think his impacts might have swept all this stories under the rug but Micheal was really influential to even think of him having debts and this is a typical examples of not judging people by mere looks as you never can tell how much people are fighting and still wearing a smile and to is alive, please be nice to people.

[GiftedMAN]

I’m really shocked that Micheal Jackson left so much debts behind financially because we had so much of his impact and influence because meh that guy was almost like a demigod back then.

I don't know what to believe again cause the stories that has been coming up since the death of Michael Jackson is too many, I mean it's difficult to believe that he left so many debts I know if his lifestyle but he was making a hell of money when he was alive and he ownes some assets that is worth millions of dollars which I think should clear all his debts if truly he is owning some debts before his death then his management should have some questions to answer cause Michael Jackson should have enough money to his name cause his songs are still generating him money.

[God Of Thunder]

I can literally name dozens of famous people from my country who died poor, but they are not known internationally. Most of them are media personalities, including actors, actresses, singers, and even athletes. It's because some people spend all the money they earn. I made the same mistake, to be honest, but I hope I will be able to save some money for my retirement. I am still afraid to choose where I should invest my money. The inflation is rocket high in my country and every other business seems risky to me. I hope I won't have to suffer this when I won't be able to work anymore.

[Alone055]

I can literally name dozens of famous people from my country who died poor, but they are not known internationally. Most of them are media personalities, including actors, actresses, singers, and even athletes. It's because some people spend all the money they earn. I made the same mistake, to be honest, but I hope I will be able to save some money for my retirement. I am still afraid to choose where I should invest my money. The inflation is rocket high in my country and every other business seems risky to me. I hope I won't have to suffer this when I won't be able to work anymore.

You're lucky to at least have money that you can invest; most people don't even have that, and it's because of how bad the economies of most countries are these days. Inflation keeps rising, and wages stay the same, and for this reason, most people can't even get through the month with what they earn doing a full-time job. This is at least how the situation is for the majority in my country, and I'm pretty sure that the situation is the same in most third-world countries where wages barely increase but the prices of goods and services keep increasing.

For your case, I think Bitcoin could do a pretty good job for you, especially if you start buying when the market goes into the bear market. If you buy when the price is at $50k or lower, you will have at least 3x or more by the time next bull run ends, and you can repeat the process in every cycle, reinvesting even the profits you've gained, or maybe take about 50% of the profits and either save them or invest it elsewhere, and reinvest 50% of the profits back into Bitcoin in the next cycle.

[God Of Thunder]

You're lucky to at least have money that you can invest; most people don't even have that, and it's because of how bad the economies of most countries are these days. Inflation keeps rising, and wages stay the same, and for this reason, most people can't even get through the month with what they earn doing a full-time job. This is at least how the situation is for the majority in my country, and I'm pretty sure that the situation is the same in most third-world countries where wages barely increase but the prices of goods and services keep increasing.

I cannot disagree with what you have said in this post. I myself had the same situation. I was working for a private company. I got a promotion, but they did not increase my salary for some unknown reasons. The inflation continue to rise every year while most of the company gives 5% increment on salary while there are hundreds that does not even increase the salary of their employees.

I suffered this for a long time before I managed to start working for a company on the internet. I got a remote job, I managed to have more time IRL and only then I started focusing on other IRL business that I built with the money I earned from the internet.

[Jateng]

I can literally name dozens of famous people from my country who died poor, but they are not known internationally. Most of them are media personalities, including actors, actresses, singers, and even athletes. It's because some people spend all the money they earn. I made the same mistake, to be honest, but I hope I will be able to save some money for my retirement. I am still afraid to choose where I should invest my money. The inflation is rocket high in my country and every other business seems risky to me. I hope I won't have to suffer this when I won't be able to work anymore.

It is a harsh reality of our society that many people who contribute greatly to art, media and other fields still face severe financial hardship, even near to death. Their stories carry an important lesson for those who believe that fame always comes with wealth and comfort. In reality fame does not guarantee financial security. Many well known personalities suffer financial distress due to multiple reasons but one of the main reason is poor money management. They focus more on maintaining an image of success than on their actual financial condition. They have lot of money but they don't know how to manage it. Lack of financial literacy leads them to overspend on managers, publicity stunts, and a luxurious lifestyle while neglecting savings and long-term planning.

[bettercrypto]

As I understand it, Michael Jackson did not pass away in poverty. His ongoing royalty income, which remains profitable to this day, has been the primary means of settling his outstanding debts.

This is supported by the fact that his music remains globally popular, with fans across the world still performing his iconic 'moonwalk'
and other signature dance moves.

[Fiatless]

I can literally name dozens of famous people from my country who died poor, but they are not known internationally. Most of them are media personalities, including actors, actresses, singers, and even athletes. It's because some people spend all the money they earn. I made the same mistake, to be honest, but I hope I will be able to save some money for my retirement. I am still afraid to choose where I should invest my money. The inflation is rocket high in my country and every other business seems risky to me. I hope I won't have to suffer this when I won't be able to work anymore.

These media personalities live above their means. They always want to look rich so they can go to the extent of taking loans to look good. Sportsmen also fall in this category. They don't recognise that their profession is not long-lasting. They end up lavishing their earnings when they are active. After retirement, they end up in poverty. I am also afraid of the future because I am not financially strong. My next plan is to buy a land where I intend to build a house. Having my house is part of my retirement plans.

[God Of Thunder]

These media personalities live above their means. They always want to look rich so they can go to the extent of taking loans to look good. Sportsmen also fall in this category. They don't recognise that their profession is not long-lasting. They end up lavishing their earnings when they are active. After retirement, they end up in poverty. I am also afraid of the future because I am not financially strong. My next plan is to buy a land where I intend to build a house. Having my house is part of my retirement plans.

Yeah. Spending all the earnings is a terrible decision. We should save money for the future instead of spending all our earnings. Yes, some people spend all their earnings, and then take out a loan to live a better life. I am lucky that I am not in debt. I have already been building my own house, and I received the land from my father, who passed away a few years ago. I am lucky that my father didn't sell all his lands. He had a lot, but he had to sell for my mother's treatment, who became mentally ill when we were young.

I've already shared too many personal things. LOL. My plan will be to save some money every month for the future so I can fight the inflation.