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I Stop Celebrities from Blowing Their Money

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Re: I Stop Celebrities from Blowing Their Money

#91

Post by weeksie »

smadge wrote: post #44

“One thing that’s surprisingly inexpensive for a lot of our clients is health insurance. The insurance policy for members of SAG-AFTRA is amazing. For the money, it is the best health insurance out there. It’s only about $400 per quarter for an individual, so you’re looking at about $1,200 or $1,500 a year for the best PPO coverage in the country. It travels with you everywhere, and you have access to emergency care…

I can assure you that the majority of SAG actors are working service jobs, living hand to mouth. This isn't an example of the rich lording over the plebs, this is an example of a union doing right by its members.

Re: I Stop Celebrities from Blowing Their Money

#92

Post by bjl »

proaralyst wrote: post #53
letsgetphysITal wrote: post #39

Earlier quoted context omitted.

Report them to the ICO.

Or give them the benefit of the doubt and email them.

Do people still really believe that cases like this are the result of ignorance? It's been years since GDPR was made into law, seems to me the only explanations are severe negligence or malevolence.

Re: I Stop Celebrities from Blowing Their Money

#93

Post by DanielBMarkham »

holman wrote: post #17

If any of this is at all interesting to you, I'd recommend checking out the very excellent ESPN documentary "Broke": http://www.espn.com/30for30/film?page=broke ESPN's 30 for 30 docs are really great, even if you're not particularly huge into sports. Broke is one of my favorites (after a "The Two Escobars"). It goes into a lot of detail about how ill-prepared many professional athletes are for the lifestyle, how they…

I used to like watching those fluffy biography shows where they talked about people who hit it big and got rich and famous. Sometimes it was overnight. Sometimes it took them years.

Most of the people had already died. Some were still alive. The ones that were still alive, you could tell that they tried to "fluff it up a bit" -- not get too critical.

But in almost every instance? If you hit it rich (famous makes it even worse), you might as well become a drug addict or shoot yourself. It tends to destroy lives. There's nothing happy about it.

On reddit awhile back there was an "AskReddit" about what to do if you won a bunch of money in the lottery. The best advice was sobering: it is a minefield of self-deception and manipulation.

What's so weird to me is the huge chasm between the reality of getting rich quick and the way the general public views it. We've glamorized it way too much.

Re: I Stop Celebrities from Blowing Their Money

#94

Post by empath75 »

wrich5011 wrote: post #23

FIVE PERCENT FEES? After inflation that basically brings your ROI from holding risky equities down to savings account rates. She gets paid better than the world’s most successful hedge funds to be a glorified baby sitter to grownups? I picked the wrong career.

These people get most of their income from working, not investing. It’s worth a lot of money for them not to be distracted by day to day business stuff.

Re: I Stop Celebrities from Blowing Their Money

#95

Post by moviuro »

MaxBarraclough wrote: post #69
iamtew wrote: post #31

The cookie wall won't let me continue without agreeing to cookies. I can reject them in the Cookie Policy, but that too is protected behind the cookie wall. Obviously, this doesn't comply with the GDPR, and makes the site unreadable for some.

Half-baked techie workaround: private browsing?

private browsing with no cookies allowed = same issue :(

The "web" is so much broken with cookies disabled... (techcrunch, any 'large' news site - except the Guardian!)

Re: I Stop Celebrities from Blowing Their Money

#96

Post by icantdrive55 »

ainiriand wrote: post #48
Animats wrote: post #40

A lot of people who are making $300K a year in Silicon Valley are going to be in that situation around age 50.

That can be accurate, but keep in mind that the people ins Silicon Valley are there using the brain and therefore more aware of the financials of their lives. Artists and sportists on the other hand can be a bit more detached from how much they make. I am not saying that this happens in 100% of the cases but there is a correlation.

Actually--I think you have it backwards.

1. Delusional tech who spends many years learning new flavor of the year the languages, and poof it's all over in a downturn. Savings ran out years ago, and 45 is considered old, and useless. I know too many homeless former Programmers. They still believe they will eventually make those big salaries again, but the offers just dry up.

2. Starving artists gets lucky. Most will know they got lucky, and spend the rest of their life frugally.

(The mega stars like Depp, and Cage are the ones spending irrationally. I believe they are the small percentage of SAG members that keeps the accountant babysitters earning their pay? The actors I know feel lucky if they keep their SAG card valid, with occasional work.)

Re: I Stop Celebrities from Blowing Their Money

#97

Post by lxglv »

isostatic wrote: post #74
iamtew wrote: post #31

The cookie wall won't let me continue without agreeing to cookies. I can reject them in the Cookie Policy, but that too is protected behind the cookie wall. Obviously, this doesn't comply with the GDPR, and makes the site unreadable for some.

This article loads just fine without needed any cookies, just curl it (via a US server) and load it. If that works, why do they need to set any cookies? Some sites need session cookies to maintain login details from request to request, that's fine. Some sites may offer the option to use cookies to save your login from one visit to the next, that's also fine, ask if they want that. Most sites don't need to set any coo…

I would suppose, that’s not the essential functionality reuirement, rather an ad tracking one.

Re: I Stop Celebrities from Blowing Their Money

#98

Post by TwiztidK »

acchow wrote: post #22
holman wrote: post #17

If any of this is at all interesting to you, I'd recommend checking out the very excellent ESPN documentary "Broke": http://www.espn.com/30for30/film?page=broke ESPN's 30 for 30 docs are really great, even if you're not particularly huge into sports. Broke is one of my favorites (after a "The Two Escobars"). It goes into a lot of detail about how ill-prepared many professional athletes are for the lifestyle, how they…

Can you give some examples of "did the right thing and still ended up bankrupt."?

So, doing the "right thing" might not be the way to phrase it, but there are many athletes who lived within their means themselves and were taken advantage of by people they trusted. A recent example of the is Jack Johnson [1], whose parent's spent all of his money and left him $10M in debt.

[1]: https://deadspin.com/how-jack-johnsons-parents-screwed-him-a...

Re: I Stop Celebrities from Blowing Their Money

#99

Post by iamatworknow »

TwiztidK wrote: post #98
acchow wrote: post #22

Earlier quoted context omitted.

Can you give some examples of "did the right thing and still ended up bankrupt."?

So, doing the "right thing" might not be the way to phrase it, but there are many athletes who lived within their means themselves and were taken advantage of by people they trusted. A recent example of the is Jack Johnson [1], whose parent's spent all of his money and left him $10M in debt. [1]: https://deadspin.com/how-jack-johnsons-parents-screwed-him-a...

Tim Duncan's another example: https://www.reuters.com/article/us-nba-duncan-adviser/financ...

Re: I Stop Celebrities from Blowing Their Money

#100

Post by knuththetruth »

weeksie wrote: post #91
smadge wrote: post #44

“One thing that’s surprisingly inexpensive for a lot of our clients is health insurance. The insurance policy for members of SAG-AFTRA is amazing. For the money, it is the best health insurance out there. It’s only about $400 per quarter for an individual, so you’re looking at about $1,200 or $1,500 a year for the best PPO coverage in the country. It travels with you everywhere, and you have access to emergency care…

I can assure you that the majority of SAG actors are working service jobs, living hand to mouth. This isn't an example of the rich lording over the plebs, this is an example of a union doing right by its members.

Yeah. All tech workers could have similar benefits if they unionized en masse using a structure similar to that of actors.
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