Americans are notoriously bad with debt. One of the side effects of living in a country built around consumerism I suppose. The only thing Americans may love more than buying things and debt are celebrities.
Celebrities are such a part of our culture that their opinion on matters are treated as actual news. Dave Chappelle once hilariously described an encounter with this phenomenon he witnessed.
“I remember right around September 11th Ja Rule was on MTV. They said “We got Ja Rule on the phone. Let’s see what Ja’s thoughts are on this tragic….
WHO GIVES A F$%^ WHAT JA RULE THINKS AT A TIME LIKE THIS. This is ridiculous”
Given the intersection of these three American culture staples is it any wonder that our celebrities may be even worse than we are with debt?
Johnny Depp, Nicholas Cage, Mike Tyson, and basically every sports star have all amassed fortunes that were still outpaced by their debt. We admire these people and let their poor choices influence our behavior.
Debt and the interest associated with it are incredibly detrimental to our financial pictures. Today let’s look at where you’re bleeding and figure out how to patch the wound.