Saturday, November 14, 2009

Cage’s Hardship Is A Little Cagey

According to People Magazine,  45 year old Nicolas Cage, who filed a lawsuit blaming his financial collapse on his longtime business partner, had his two historic French Quarter homes purchased in a foreclosure auction on Thursday.  People Magazine also reported that the houses went for $4.5 million – about two-thirds the appraised value – to Cage's lender, Regions bank, the lone bidder.  Cage's belongings were seen being cleared out by movers on Friday.

And why didn't he take some responsibility regarding his own finances? No one should be too busy to double check the person handling their money.  Just ask Oprah, who has always urged celebrities & others to keep an eye on your own money. 

whine publicly about not being smart enough to keep an eye on his own assets.  I also find it difficult to support the “I’m broke” pity-party of someone pulling down 38 million dollars on one movie.  Geez! He could feed a small country on that salary.

“The lawsuit said the advisor had also failed to alert Cage to the fact that his money was running out, and had over-extended his lines of credit with banks.”

Again, I must point out to those like Cage who don’t seem to know it, but being rich does not negate you from being responsible for your own finances.   If you think you are too important, busy, or wealthy to keep an eye on your own money, than clearly you don’t really deserve to complain when it’s gone.   How is it that there are some so-called stars who can’t seem to be able to handle their own lives without an entourage of assistants, advisors, housekeepers, and what-nots?  When there are so many others who don’t seem to have an issue with handling their own affairs, or keeping an eye on those they’ve hired to do it for them.   Perhaps he should take a page from the book(s) of Oprah, who has stated on numerous occasions, “You must keep an eye on your own money.” Bill Gates, Warren Buffet, and others who also follow a similar philosophy.   I could be wrong, but I’m almost certain the aforementioned are as busy, if not busier than Nick Cage.

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