Famous people that died poor

[Out of mind]

3. Michael Jackson was called King of Pop and unfortunately passed away in 2009. His songs remain to be culturally relevant however at the time of his passing he passed away with around 500 million dollars of debt. Due to this, many of his assets were sold to pay for his debts.

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.

There are other people in the list but I only chose three.

Michael Jackson was a famous person who spent a lot of money culturally. The amount of money he spent on himself was very high. He constantly took on a lot of debt. Although he died with a lot of debt when he died, now we know that his things were sold and the debt was paid off. However, if we look at one thing, we can see that in the modern era, some of the things that Michael Jackson used are much more valuable. Many people are buying Michael Jackson's things for millions of dollars, which if we calculate, we can see that Michael Jackson is currently in a lot of profit. However, he died with a lot of debt, but it is certainly possible to pay off his days by selling his things. He was in a debt of $500 million dollars but he is now in a profit after paying them, but you have brought up the reality because dying with debt is really a curse on yourself.

[ndutndut]

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.

True. The OP only mentioned a small number of famous and wealthy individuals but they left behind few assets upon their death. In fact many celebrities, artists, singers, and others started out wealthy but ultimately fell into poverty. This was caused by a lack of proper financial planning, coupled with a lifestyle and, most importantly, drug addiction. Of the many cases most frequently heard about drugs are a problem. Therefore avoid them.

From these numerous cases we can learn that financial planning is crucial. It not only helps you avoid poverty but also helps you achieve financial freedom in old age. One key element of financial planning is having assets that can be invested for the long term, as the average wealthy person falls into poverty almost always lacks investment assets for the future.

[goro_chief]

It may be that some of the people you mentioned ended up in poverty because they were misunderstood by society. Michael Jackson was even the subject of cruel jokes for saying that most people are ignorant, so much so that he was bullied in an episode of South Park. which makes you think that economic growth must be connected to social growth because when your will is compromised, you have to be strong to defend your own beliefs, which is the only thing we have left when we have nothing else in life.

[JoyMarsha]

No matter who you really are, being famous to later die off poor because of debts is the worst thing that can happen to anyone. After everything you labored for and worked for years, it was the accumulated debts you had over the years that took all your fortunes away from you.

Many famous people are still in this position today. Some have died, and they left their family with nothing, from being a rich family to a family that has nothing to their name.

I don't think the famous people you mentioned except Michael Jackson, their name or that of their family still rings a bell in people's ears that they were once known in society

[Aloysius01]

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.

we only have one life to live and afterwards everything we fail while alive would not matter except for the things we are able to live behind in form of legacy. Michael Jackson has built a name for himself that no amount of money can buy at the present. till date, few music celebrity that are filthy rich can measure close to what Michael Jackson stands for even at death and that for me is the definition of real wealth that outlive your death.

‎The lesson I have drawn from studying influential people is that excellence in one’s field does not automatically guarantee financial security Without proper money management, even the most talented individuals can end their lives in financial distress, Personally, I do not want to spend my final days in poverty, I want them to be lived in peace
‎That said, dying with debt or financial struggles does not always mean a person truly died poor Take Michael Jackson, for example. Despite the financial complications surrounding his estate, he lived a life that continues to speak powerfully long after his death, He cannot reasonably be described as someone who died poor.
‎We only have one life to live, and once it ends, our failures and regrets matter far less than what we leave behind, Legacy is the true currency that survives death. Michael Jackson built a name and influence that no amount of money today can buy. Even now, very few music celebrities no matter how wealthy can measure up to what he represents culturally and historically.
‎To me, that is the definition of real wealth a legacy so powerful that it outlives you, continues to inspire generations, and remains valuable long after money has lost its meaning.

[Cookdata]

I notice one thing about the famous people that died in some countries, people don't write about their zero level before they became celebrity everybody want to associate with because they have some role they played in the past that made them to achieve their goals, some of the famous people that died in the past it is very difficult for their children to be like them because some will not like to play the role of their father or mother to keep the famous name to live forever by continue displaying what the famous was displaying when he or she was alive, Michael Jackson was one of the famous I will never forget because whenever am still hearing his music or see his dancing steps it gives me joy but nor of his children that want to become a musician.

Humans are motivated by what you see, it's the resilient that makes everyone want to know the way that gave you all you had to become what you are and not the mistakes you made. Anytime I see a successful person, I don't want to be like them, may be I should be better than their version, that's the only thing that cross my mind. However, I don't want to be famous like Michael Jackson, I will rather want to have power than to have big fame.

There is a thin line between been powerful, been popular and been rich. People can like you for what you do if you are famous but they can change their altitudes with you when you views is different from them. You can see many celebrities get canceled for no reason or some daft opinions. If you are powerful man, opinions of other people can't shift you because that's what make you a powerful person, you can be rich and want a silent lifestyle, peaceful lifestyle.

[STT]

Michael Jackson was about to earn alot of money, had he not had that requirement to pay his bills urgently he might have had more peace and lived longer.  
   In theory you shouldn't mind dying poor because you have no use for money in death but its the idea of living your last days with vast worries and not being able to be comfortable when ill or old is a sad way for people previously working.
  Quite a few famous people went out having spent everything I think not wanting to have lived a life by half but fully.

[G_Besar]

It may be that some of the people you mentioned ended up in poverty because they were misunderstood by society. Michael Jackson was even the subject of cruel jokes for saying that most people are ignorant, so much so that he was bullied in an episode of South Park. which makes you think that economic growth must be connected to social growth because when your will is compromised, you have to be strong to defend your own beliefs, which is the only thing we have left when we have nothing else in life.

Reflecting on one of the people you mentioned, it's important for us to avoid being arrogant and calling others stupid as if we were the smartest. This will prevent us from being free from criticism and from expanding our social circle in this life. And your example is truly worthy of being told to many people so that there will be fewer arrogant people in this world. Because arrogance will not save someone when they face difficulties, and ridicule will more easily come to those who are arrogant by calling others stupid.

[Oasisman]

  In theory you shouldn't mind dying poor because you have no use for money in death but its the idea of living your last days with vast worries and not being able to be comfortable when ill or old is a sad way for people previously working.
  Quite a few famous people went out having spent everything I think not wanting to have lived a life by half but fully.

I too won't mind dying with all my assets drained, but I'm not that irresponsible not to leave something for my family as well. But, theoretically, like you said, it doesn't matter if we left with nothing when we die, because we are not there to spend it anyway. It will not matter if they take their estate as well anyway.
What really matter is how you live your life and enjoy all the things you can have while you're still living.

[iBaba]

~~~

Reflecting on one of the people you mentioned, it's important for us to avoid being arrogant and calling others stupid as if we were the smartest. This will prevent us from being free from criticism and from expanding our social circle in this life. And your example is truly worthy of being told to many people so that there will be fewer arrogant people in this world. Because arrogance will not save someone when they face difficulties, and ridicule will more easily come to those who are arrogant by calling others stupid.

People mistaken fame with money, alot people assume that ones you are a public figure or a celebrity, then you should be a wealthy person, regardless, forgetting that money is not something that stays forever with you. What affects most celebrities as well as public figures is their lifestyles which comes with the fame.

When you are famous, you want to keep a kind of lifestyle that people see as your standard, by so doing, you begin to live beyond your means without you even noticing you did just to keep an impression. What I have noticed is people are only attracted to the money the fame you have carries, immediately the money is gone, the respect and attention you get from people starts diminishing.

[Cheema02]

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.

Your are right about financial security. Many talented individuals may earn healthy income but they don't use it wisely and with planings so they don't have assets for senelity and remain unsuccessful instead of fame. The fact is that in high inflation countries currencies lose their cash value and business looks risky, so there is always risk of insecurity of finance. If we want success in financial stability and security we should focus on discipline and consistency instead of fast profit. So we should start with small business and remain consistent in it.Earn wealth income does not mean success in fact best investment of many for future financial stability is actually success. So the learning point is that if we have time we should make steady decisions today so we can protect our suffering tomorrow.

[YUriy1991]

I notice one thing about the famous people that died in some countries, people don't write about their zero level before they became celebrity everybody want to associate with because they have some role they played in the past that made them to achieve their goals, some of the famous people that died in the past it is very difficult for their children to be like them because some will not like to play the role of their father or mother to keep the famous name to live forever by continue displaying what the famous was displaying when he or she was alive, Michael Jackson was one of the famous I will never forget because whenever am still hearing his music or see his dancing steps it gives me joy but nor of his children that want to become a musician.

I think most of them are famous because they are the best in their field. In the music world, who doesn't know Wolfgang Amadeus Mozart, the world's greatest composer, or Michael Jackson, the King of Pop? They didn't create music and works for money. Money, for them, was simply a bonus for their hard work and success. Therefore, it's natural that they lacked understanding of financial management, and because of their unwise use of money, their lives ultimately ended tragically.

Today's artists understand this so well that they hire financial consultants, tax accountants, and even lawyers to keep their finances in order and ensure their wealth is preserved and even increases. This is what separates legends from artists of today. Michael Jackson and Wolfgang Amadeus Mozart are legends, with all the achievements and works they have given to the world.

[Unknown Op]

I notice one thing about the famous people that died in some countries, people don't write about their zero level before they became celebrity everybody want to associate with because they have some role they played in the past that made them to achieve their goals, some of the famous people that died in the past it is very difficult for their children to be like them because some will not like to play the role of their father or mother to keep the famous name to live forever by continue displaying what the famous was displaying when he or she was alive, Michael Jackson was one of the famous I will never forget because whenever am still hearing his music or see his dancing steps it gives me joy but nor of his children that want to become a musician.

I think most of them are famous because they are the best in their field. In the music world, who doesn't know Wolfgang Amadeus Mozart, the world's greatest composer, or Michael Jackson, the King of Pop? They didn't create music and works for money. Money, for them, was simply a bonus for their hard work and success. Therefore, it's natural that they lacked understanding of financial management, and because of their unwise use of money, their lives ultimately ended tragically.

Today's artists understand this so well that they hire financial consultants, tax accountants, and even lawyers to keep their finances in order and ensure their wealth is preserved and even increases. This is what separates legends from artists of today. Michael Jackson and Wolfgang Amadeus Mozart are legends, with all the achievements and works they have given to the world.

No matters you are famous or not because if you are famous then more people know that how you look and you exist on earth and nobody is like you but you have to learn about money because it you will not get knowledge of money you will die poor because you will enjoy life abd you will spend all money blindly. Many people are rich because they have knowledge of money and they saved money when it was need and they did investment and they became rich person of their town . If you will be rich then you will be able to buy more things but that matters what you will buy because if you will buy useless things then you will be poor person and will die poor and if you will invest on Gold, silver or BTC , you will die rich .

[Alone055]

No matters you are famous or not because if you are famous then more people know that how you look and you exist on earth and nobody is like you but you have to learn about money because it you will not get knowledge of money you will die poor because you will enjoy life abd you will spend all money blindly. Many people are rich because they have knowledge of money and they saved money when it was need and they did investment and they became rich person of their town . If you will be rich then you will be able to buy more things but that matters what you will buy because if you will buy useless things then you will be poor person and will die poor and if you will invest on Gold, silver or BTC , you will die rich .

Even though you are right, but it's not only about buying useful things or making investments, when you have money, you also have to start businesses and stuff so that you constantly keep making money, because investments will mostly be useful in the long run, but in the short run, you need to create sources of income that will not let your money get finished. If you are a singer or an actor or something, and you know that you have work currently in the industry then you might not need that, but it is still better to have some side businesses, you will often notice most celebrities have their own businesses, and that's because they know a career isn't for life, but a business could be for a lifetime.

People who die poor are the ones who are always busy preparing for their future but they do nothing for the present, because if you are constantly working on things that will only be useful in the long run, you will possibly get in trouble if things start going south in the present time, like if you have a good job and then you lose it, and now you have no current source of income. That is going to create problems for you, and then you will start liquidating and eating what you have been building for your future, and after some time, you will have nothing.

[Furious 7]

When you are famous, you want to keep a kind of lifestyle that people see as your standard, by so doing, you begin to live beyond your means without you even noticing you did just to keep an impression. What I have noticed is people are only attracted to the money the fame you have carries, immediately the money is gone, the respect and attention you get from people starts diminishing.

It will be considered a standard because at the end of the day there will be a lot of factors that must be considered when we are famous including image and style. I think not only those who are famous because of this standard now even most of us are more adhering to where the ego and always showing something fashionable or glamorous is the choice so that the views of others do not become bad for us. Not a few of us always force ourselves with it,

Especially those who are already famous, it is certain that when the prestige begins to fade, they will try to force to increase their prestige again, the most important thing is that they are not lost from the views of many people.