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How do people piss away fortunes?
    #10824457 -

I dont know how many stories Ive heard about people making hundreds of thousands to millions of dollars and pissing it away in an instant.
What I want to know is, how does this happen?
I live on roughly 200 a week. I could not fathom spending 100,000 in a weekend. My thriftiness I dont think would allow it.

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Re: How do people piss away fortunes? [Re: MisterMuscaria]
    #10824484 -

Some people are out of control and/or don't give a fuck.

Why don't you tell us, you're the one who's "heard stories" about it.

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Re: How do people piss away fortunes? [Re: Subconscious]
    #10824513 -

Quote:
According to media reports, Mike Tyson amassed and spent between $300 million and $500 million.

It was reported that Tyson had spent $9 million on legal fees alone from 1995 to 1997, as well as $230,000 on pagers and cell phones, $410,000 on a birthday party, $8,100 for the care of his pet tigers and $65,000 for limousine services alone.



Over the time of 20 years that is 15 million a year minimum.

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Re: How do people piss away fortunes? [Re: Subconscious]
    #10824547 -

Subconscious said:
Some people are out of control and/or don't give a fuck.

Why don't you tell us, you're the one who's "heard stories" about it.



If I was an expert I wouldnt have asked.

Ive "heard stories" about people whove found enlightened but that does not make me an expert on the path.

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Re: How do people piss away fortunes? [Re: toys in the attic]
    #10824806 -

toys in the attic said:
...$8,100 for the care of his pet tigers...



$8100 in two years for at least two tigers, that's $2025 PAPT* tops. Who knew pet tigers were so affordable these days? Anyone have current inflation corrected statistics on this?

* per annum per tiger

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Re: How do people piss away fortunes? [Re: MisterMuscaria]
    #10825740 -

Materialism.

They are deluded into thinking that more = better.


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“The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought.”  -- Rudiger Dornbusch

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Re: How do people piss away fortunes? [Re: MisterMuscaria]
    #10825750 -

Get the biggest mansion you can find, a whole fleet of cars, a yacht, a trophy wife who later divorces you for half your money, and a coke habit.  Add a bunch of lawsuits, and that'll about do it.

Of course, that's if you're just celebrity rich, not insanely wealthy like some of the billionaire tycoons out there.  The Vanderbilts spent several generations squandering their family fortune, and they're still the seventh wealthiest family in history.


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Edited by Silversoul (08/09/09 12:26 AM)

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Re: How do people piss away fortunes? [Re: Silversoul]
    #10825782 -

:rail2:


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Anonymous #6 said:
Yes, it is. The shine stands for his job title, which is Shoe Shiner, the moon stands for the time he comes out to be a nigger, which is best suited for the negroid camouflage.

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Re: How do people piss away fortunes? [Re: Moronicus]
    #10827410 -

if you have enough free time, you too can be just like them :thumbup:

time + money + people = disaster


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The seeds you won't sow are the plants you dont grow.

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Re: How do people piss away fortunes? [Re: kadakuda]
    #10829658 -

People that lose their fortunes are usually lotto winners and those who inherit money.
They buy liabilities not assets. Instead of buying real state and profit making businesses, they buy yachts, expensive cars, take all their friends on holidays and gamble a lot of their money away.

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Re: How do people piss away fortunes? [Re: PsychoReactive]
    #10829706 -

Yah, I hear alot of it is coke, yachts, cars, bars, etc.
Id imagine if you went to one of the world's most expensive restaurants every night in a private plane thatd get kinda pricey.

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Re: How do people piss away fortunes? [Re: MisterMuscaria]
    #10829871 -

I saw one the travel channel a $1000 pizza. Caviar and expensive cheeses. Looked nasty


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Re: How do people piss away fortunes? [Re: legallyhomeless]
    #10829947 -

I wouldnt say my pops pissed away his fortune, but he did lose it all in the stock market practically overnight.
When I was real little I remember staying in luxury hotels. I ordered an expensive pizza in one, it had goat cheese, eggplant, leaves, asparagus and a bunch of crazy stuff.
As a 6 year old I didnt really like it, I just wanted mozzarella and pepperoni.

Now that Im an adult and cant afford such a thing, it sounds pretty tasty.

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Re: How do people piss away fortunes? [Re: MisterMuscaria]
    #10970496 -

MisterMuscaria said:
I dont know how many stories Ive heard about people making hundreds of thousands to millions of dollars and pissing it away in an instant.
What I want to know is, how does this happen?
I live on roughly 200 a week. I could not fathom spending 100,000 in a weekend. My thriftiness I dont think would allow it.



They try to bite off more then they can swallow let alone chew.

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Re: How do people piss away fortunes? [Re: MisterMuscaria]
    #10970871 -

It's just a matter of perspective I think. There are plenty of people in the world who could consider $200/week "pissing away a fortune". We just don't run into them that often on the internet.

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Re: How do people piss away fortunes? [Re: Ythan]
    #10973629 -

Ythan said:
We just don't run into them that often on the internet.



exactly.  Those types dont hang out on the internet.  If you can blow away a bunch of money, you probley wont be hanging out on the internet afterwards.

I own precious metals and im at a bar at like 2pm on a monday, lol...unemployed too.

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Re: How do people piss away fortunes? [Re: LayYouIn]
    #10987803 -

I think how easy it is to lose it, depends on how hard it was to get it.

If you work for years, and put in the work to get your wealth, you are probably less likely to let it go so easily.

Whereas the folks that "get rich quick", whether it's from the lottery, or a quick stock sell that increases the comma's in your bank account by a few, aren't as attached because no sweat was shed to get their money.


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