Many famous people dont spend their money wisely and end up in .....

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Many famous people don’t spend their money wisely and end up in ____

A	Interest
B	Withdraw
C	Inflation
D	Bankruptcy

Explanation:

Detailed explanation-1: -Some of the common reasons include having to pay out after a divorce, or because the celebrity didn’t pay their taxes to the IRS. Some celebrities see their spending spiral out of control, or make rash or unwise business decisions. Others may have a large number of hangers-on who benefit from the celeb’s wealth.

Detailed explanation-2: -When it comes to seeking advice, celebrities have dedicated wealth managers and family offices assisting them where the focus is usually not long term planning, but increasing their “net worth”. The income levels of celebrities fluctuate highly w.r.t. the brand equity they command in people’s hearts.

Detailed explanation-3: -These days, MOST celebrities can easily earn lots of money by using their fame and their image. There are some people who said that celebrities are paid much more than what they deserved.To my view, I strongly agree with this opinion. In this essay, I will explain the reasons for this argument.

There is 1 question to complete.