Legendary singer Dionne Warwick filed for personal bankruptcy.
This singing legend once had seven-figure pay days
and lived the dream lifestyle with all the benefits. Today, she is
reported to be down to her last $1,000 in cash and holding
a $10 million tax liability with the IRS.
Dionne has sold more than 100 million records and had
some 30-plus single hits. I am sure you have heard her
on the radio singing “Do You Know the Way to San Jose”
or “I Say a Little Prayer for You”
“So what happen to all the money?
According to her publicist it is a result of “gross financial mismanagement”
in the 1980s and 1990s reported to ABCNews.com.
Dionne’s way to bankruptcy:
1. Spending freely without a spending plan
2. Letting someone else manage her money
3. Not paying her debts especially the IRS
Dionne does not know the way to Money on her terms.
Rule #1: You control money, money does not control you.
If she had managed her money properly and was in control of it,
she would never be facing this terrible situation.
Lesson: Do the opposite of what Dionne Warwick’s has done with her
money over the years.
1. Have a spending plan in place.
2. You are the best person to manage your money.
3. Be responsible with your money by paying all your debts.
To get more money ideas tune in to Money on Your Terms Internet
Radio program on Blogtalkradio.com, Thursday nights from 8:00 to 8:30 pm.