People cannot be millionaires overnight and know how to act when they receive large sums of money. Since most lottery winners tend to be people with average income, they seem to not understand how to manage their money well and that leads to reckless spending. In the Documentary “Reversal of Fortune,” a homeless man is given $100,000 and the man starts spending recklessly, wasting his money on two vehicles, beer and starts spending an average of $10,000 a week. That is an example of what reckless spending can do to a person with money as it changes a person for the worse. The second most common problem that faces the irresponsible winner is erratic behavior.
The value of money has many misconceptions. As depicted in the story, people can look too highly upon money. The banker, filled with pride and very high self esteem, taunts the lawyer by presenting to him that “2 million dollars [was] a trifle”, which was not enough to pay off the “three or four years of the best years of [his] life” (Chekhov 767). The banker praises and flaunts his money in hopes of scaring the lawyer away from following through with the arrangement. He shows his true cockiness when he predicts the lawyer to only last three to four years out of the total 15.
This is a massive amount to lose on the value of a home. Almost every person’s biggest investment is the purchasing of their home. To have the biggest investment you have ever made to be cut by almost half the value is devastating. Another factor that comes into the decrease in value of a home is that than they are paying for more than the house is worth. If the house is being over paid for then the house will be greatly losing money each month.
With shows like this on air for the world to see it is a disgrace. This country is well over dry on money, yet, we can spend millions on each of these cast members who do nothing but party and be belligerent drunks. According to TMZ.com the Jersey Shore cast is getting paid $100,000 an episode and there is 13 episodes in a season, don’t forget to include their appearances, advertisement, exedra. America claims to be out of money and needs help yet we are supplying millions of dollars to people who don’t deserve
Once parents, the media and the FTC got involved, this once rising company with a net worth of” $50-$60 million is in financial peril” (Dewer, 2012). Guilting parents into purchasing a $200.00 product, making misleading connections on data and deceiving consumers by misrepresenting themselves with a scientifically proven program has really made parents and watchdog agencies angry. They want their money back and the deceit to
National football league is a very high price market and it product is valuable beyond means. Economically the national football league gross nearly 9 billion dollars in total revenues last year. So this summer the (NFL) officials decided to strike because they felt weren't being paid enough compared to what the league was grossing yearly. A source stated from a union official that it would cost the N.F.L just 3.2 million annually, if the league met all of the demands a fraction of the 9 billion (New York Times). The referees had not been trained properly and were thrower in to the pot.
The average American only makes $41,673.83 annually according to the social security online national wage index, but it is said that the average NBA player makes a stunning $4,790,000 per year. It seems crazy that the average NBA player makes more in a week than the average American does in a year, but yet they are still arguing with team owners over slight pay cuts. The NBA lockout has been all over the news for months, and it seems extremely silly that millionaires are arguing with billionaires over how to divvy up four billion dollars. Due to this topics extreme publicity and silliness; many fans have felt a sense of exigency, in a rhetoric sense, and have decided to speak out on the issue. David Heeb, a high school teacher and basketball
These families then become a strain on society, a strain that could easily be alleviated if only there were more jobs. A Buy Nothing Day would also damage the economy. Millions of dollars would be lost in revenue, money that is so desperately needed when the economy is doing so poorly. A Buy Nothing Day could cripple the economy. Instituting a Buy Nothing holiday has some good as well as bad effects, although the harm greatly outweighs the benefits.
When Babe was asked about making thousand dollars more than the President of the United States that year, he replied, “I had a better year than he did.” This is just one example of the many overpaid athletes around the world. I would also like to talk about Kevin Brown he signed a seven-year, contract worth $105 million. He hasn’t been able to play half of the contract due to his injuries. He’s basically getting paid to sit at home all day and do nothing. Professional athletes are getting paid more and more as time goes by, before it was $4.7 million now it’s more than $85 million and growing.
Gray Jugo 10/27/14 If I won A Million Dollars What I would do if I won one million dollars. It is safe to say that winning a million dollars is an overwhelming feeling to anyone, unless you happen to be a billionaire. Although a million dollars is a lot of money, it isn’t enough to set you for life completely. That is why if I won a million dollars I would do some research people who have won the lottery and end up broke. I can use that as a guide and learn through others mistakes.