The More You Know
Why Millionaires Go Broke
3:00 pm, December 16th | by Sarah Devlin
Sure, it would be nice to have a big financial windfall — but what happens if you don’t have the skills to manage it? This is often the case for musicians, athletes and even lottery winners, who get big paydays that quickly dwindle thanks to poor money management, overspending or just old fashioned stupidity. This video from MBA Online details the sad trajectory of some of these millionaires. What do you think? Do you agree with their argument for why millionaires go broke?
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