The Truth of Credit

Here is an awesome article from www.thecredittruth.org about our beloved Britney and how we can all learn from her mistakes.

• Get Drunk or Stoned – Substance excess is costly, even for the ultra rich. A one month stay at famous rehabs can cost up to $80,000 a month (Source: NYPost.com). Should you select a lesser establishment without the 600 thread count sheets and Tai Chi, you’re still looking at $1,000 a week, minimum. Remember also that before you dry out there are the day-to-day carrying costs of the addiction whether it is drugs, nicotine, booze, gambling, etc. With successful rehab you’re bound to recover your cost eventually.

• Sell The House In This Market – In a recent story, Britney slashed her asking price on her Malibu crib by over $1,000,000 just to speed K-Fed out of her life. Bad move. Rule number one in real estate: avoid buyers’ markets and never give up profits due to a need to liquefy assets.

• Mess With Your Cash Cow - When your endorsements and appeal is linked to your long blonde tresses, shearing them off is a bit of a problem. While Michael Jordan racked up several hundred million dollars with that look, Britney stands to lose easily that much. Known as the golden goose, whatever made you your fortune should be preserved by any means necessary.

• Marry Poorly – Recent reports in the press say her ex-hubby laughed at Britney’s divorce settlement offer of $25 million. With friends like these, you can only afford a couple of marriages. Take great care when sizing up a potential life mate as most become inordinately fond of your money and come to think of it fondly as theirs.

• Avoid Panties – Unless you can benefit from peek-a-boo shows captured by paparazzi by selling the photos yourself, cheapening your image is always a bad move. Remember that credit is really just another word for “reputation” so in a global and metaphorical sense, Britney’s finances have taken a huge fall. The sex tape can’t be far behind.

The TRUTH is Britney’s fall from grace could happen to you. Obviously, it won’t be on the evening news but the formula is still there. Bad Advice + Bad Decisions= Money Problems. Next week we’ll discuss LindsayLohan. Only kidding!

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