Despite numerous inspiring rags-to-riches stories of celebrities, we must not forget that the opposite also transpires. Many big shot celebrities have had their careers arc from riches to rags. Typically, wealth and fame go hand in hand, but more often than not swathes of celebrities wind up with financial distress. It is never easy to make a fortune in real or reel life. It takes a dollop of hard work, sweat and blood to make it big as a public figure in society. Even after having made it big, it is equally difficult to sustain success for a long tenure.
It’s easy to assume that celebrities, with their exorbitant bank accounts and flamboyant lifestyles, are also good at managing money. Just because one may be good at making money doesn’t mean that the individual also knows how to budget, save, invest and grow that money wisely. History stands proof to the fact that the rich and famous are not immune to making major money mistakes. The financial failures of some celebrities evince what can go wrong when you mismanage your hardearned money. The silver lining is that these blunders serve as valuable pointers for us. Here are a few lessons from celebrity money mistakes.
Avoid Bad Debt, Live Within Means
Esta historia es de la edición July 18, 2022 de Dalal Street Investment Journal.
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Esta historia es de la edición July 18, 2022 de Dalal Street Investment Journal.
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How To Invest In An Ageing Bull Market
Bull rallies (periods when stock prices rise) and bear declines (periods when stock prices fall) are natural parts of stock market cycles, but they don't follow a fixed timeline.
Should You Entrust All Your Money To A Single AMC?
If you are a market participant, you have probably heard the quote 'don't put all your eggs in one basket', which suggests diversification. Investors often focus on diversifying across categories like large-cap, mid-cap and small-cap, but they may unintentionally overlook diversification across different AMCs. The question arises: is AMC-wise diversification really necessary? Rakesh Deshmukh takes a closer look at this scenario
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Wealth Building For Retirement Through Mutual Funds
Retirement is one of the most crucial and lifechanging phases. It marks a period where maintaining your lifestyle becomes paramount even though your regular income stops.
Mastering Investment with Information Ratio
Information Ratio helps in navigating the complexities of the investment landscape by assessing an active fund manager's performance. And though it has its limitations, it remains an essential part of the finance industry. The article explains what Information Ratio is and how investors can use it as another tool
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Each of us aspires to be financially independent as it ensures having enough resources to be self-sufficient and control our finances.
❝Technology is the new game-changer"
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What If Donald Trumps?
The potential election of Donald Trump as president in the U.S. carries significant implications for the Indian equity market. It could lead to changes in the global trade dynamics, in particular affecting the Indian IT sector while also raising inflation levels and leading to yet another revision in the visa programme for Indians who want to work in the US. The article takes a closer look at what may lie in store
Sectoral Gains Make A Mark
Benchmark indices continued their uptrend, reaching new record highs, although the pace has slowed as the broader markets faced selling pressures
