From Riches to Rags!

Although most celebrities look a million dollars, they don’t own a million dollars! There are many celebs that have earned loads of money but have spent it just as quick on luxurious items such as cars, houses and a few yachts thrown in just for the fun of it!

Just look at the likes of Kerry Katona for example, she certainly isn’t rolling it in anymore, she had to declare herself bankrupt a couple of months ago. Whilst celebs can often make lots of money quick by one simple interview of photograph, they can also lose their wealth just as quick.

We all remember MC Hammer don’t we, and have no doubt all tried to do his legendary dance when we have been out painting the town red, well although he earned a whopping $33 million but he too had to declare bankruptcy with debts over $13 million. Well, he shouldn’t of splashed out an helicopters, numerous cribs and a 300 strong entourage.

Imagine that, you would have to take out personal loans just to pay their flippin wages!

These celebs need to make sure they are saving some of their money or they will all end up going the same way and being skint! If i can survive on my wage them I’m sure they can too!!

What do you think about celebs spending all their money and then ending up bankrupt?