Johnny Depp is reportedly using loans to help pay his $2 million a month spending habits and is more than $40 million...

Johnny Depp is reportedly using loans to help pay his $2 million a month spending habits and is more than $40 million in debt.
Why are celebrities often so bad with money?

Share the loan

People are generally bad with money, lottery winners, inheritors and athletes prove so every single year

By some reports, he was ripped off by the people he paid to manage his money. By other accounts, he's a dumb low-iq individual who owns too many houses.

what

He can always sell his gold teeth. Its not like he needs teeth to drink booze.

detached from reality. to such an extent that they forget what life was like before they were worth hundreds of millions of dollars. Give me 20 million dollars and I am set for the rest of my fucking life. Give one of these celebrity cocks 20 million and it's gone by the end of the year.

There is only one tribe on this planet good with money

>People are generally bad with money, lottery winners, inheritors and athletes prove so every single year
This. Having a lot of $$$ exacerbates most people's bad spending habits, because it takes a reeeeeally long time to hit the "rock bottom" check, since people will keep loaning you money if you are known to be rich.

If you or I are irresponsible with cash, we'll probably be dead broke in a short period of time and have to deal with the fallout of that immediately. There's a very real, tangible pressure to save and stay in a budget. For a guy like Johnny Depp or Nicholas Cage... well, look how long it took. This "problem" has probably been building for decades.

>Johnny Depp
moar like johnny debt amirite

>attain insane amounts of wealth in sudden dispersed increments rather than a fixed salary or hourly wage
>in an industry where most performers are scouted for their talent at a young age, many actors bypassing entirely or at least not working minimum wage or entry level jobs in their youth for very long
>still technically working for someone else, unlike most other large earners who have some sort of direct interaction with finances like business owners or executives

Imagine the only life you know is getting a fat sum of several million dollars every few months, sometimes more than a year apart, and you don't have any financing experience prior to this, the only other work experience you may have had being when you were a teen and 100% of your income was expendable.