How to Go Broke Like a Rock Star

By Kimberly Palmer

Posted: September 16, 2008

Singer Britney Spears poses with the Best Female Video Award, Best Pop Award and Video of the Year Award for 'Piece of Me' in the press room at the 2008 MTV Video Music Awards at Paramount Pictures Studios on September 7, 2008 in Los Angeles, California.

The financial problems of celebrities, from Britney Spears to Annie Leibovitz, often hold lessons.

Like noncelebs who pull themselves back into solvency after bankruptcy, many stars manage to make financial comebacks. Through a spokeswoman for Vanity Fair, Leibovitz says her debts have been paid off. And since her divorce proceedings, Spears's father has taken control of much of her affairs and likely clamped down on her spending. Even the famous, after all, deserve second chances.

wow

yea you are so right. Iwant to bcome a millionaire. My mom spends and my dad is an aloholic. I am trying to find the balance. IN find it hard to separate my needs from my wants! Do u have any suggstions!!

Theresa of MI @ May 29, 2009 23:22:42 PM

How to go broke like a Rock Star

When I see these dopes lose it all, I laugh my ass off.

Kirby Leung of CA @ Apr 20, 2009 15:49:50 PM

Rich Folks

It's just like LOTTO winners. Almost all of 'em end up broke. I don't have any sympathy for them. I and millions of others work hard, sometimes 2 jobs and don't make in ten year what these people make in a month. I don't see how they can't get by on over $700,000 a month and some families are doing it on less than $3,000 (notice, only ONE COMMA). These people don't need financial advisers, they need someone to kick em' in the butt and wake em' up! What were these people doing BEFORE becoming rich and famous? They were probably just like me, barely scraping by, and you'd figure they would be smarter than they are and feel incredibly blessed and use the life skills they gained and used while they were poor to provide for themselves. But, I guess money makes you dumb. Let me borrow a couple of million....somebody would be doing just fine...living comfortably on the interest!

Terry L. Wilson of OK @ Apr 20, 2009 11:54:50 AM

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