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Topic: Reckless financial decision ? - page 2. (Read 904 times)

sr. member
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March 07, 2024, 05:54:04 PM
#91
Multimillion? Unless the celebrity is worth Billions of dollars, I don’t see why he/she wouldn’t humble themselves and make some million money. If he/she isn’t worth Billions then it is likely that his/her pride couldn’t let them obey the simple rule. But it’s all personal preference I guess. Maybe the weed is more important than their career and that’s why he/she turned it down. Really disappointing.
hero member
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March 07, 2024, 10:58:21 AM
#90
I think I remember a particular Nigeria Musician who recently turned down a multi million naira deal because he was not going to be allowed to smoke weed. I guess Burna Boy (Damini Ebunoluwa Ogulu). If the person is the name I mentioned here I think he has made a statement concerning why he turned down the offer because according to him, he said he can't perform where he is restricted from smoking his weed because that's what make him happy. Secondly, Burna Boy is a celebrity and someone who's in his current level now can't be restricted from doing certain things because he's one of the best artist now in Nigeria and he doesn't lack deals as he's always touring around the world to perform. Guess what, recently a popular comedian by name mr jollof came on social media to say that the same Burna Boy rejected a deal of a million dollars saying the amount is too small they he doesn't charge anything less than 2 million dollars. May be in time to come when he's no longer trending he will regret some of the wrong decisions he made but I think in one way or the other people must make certain decisions that they will always love to regret.
hero member
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March 07, 2024, 10:03:15 AM
#89
Do you think a celebrity who turns down a multi-million dollar deal solely because the organization doesn't allow him smoking weed is a reckless financial decision?
Keep in mind this definition of reckless financial decision - It entails when a person makes choices that involve significant financial risk or lack of consideration for the potential consequences.
We will get judgment after deciding something is wrong and usually the judgment starts from the people closest to us. I mean we will be in a difficult condition when we face problems independently and people are present only when our financial condition improves. The decision not to accept the job due to his organization prohibiting marijuana was his choice and indeed people would say it was the wrong decision, but I think he better understands the decision that must be taken.

What other reckless financial decision do you know or have heard of?
Everyone must have made the wrong decision and I just spent some money given to a member of the legislature in the election and unfortunately he didn't win so the money was lost. In fact, if I used it for investment maybe today I would have made a profit, I had considered that decision before, but that's what happened in the end.
hero member
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March 07, 2024, 08:45:24 AM
#88
There are many people who make reckless decisions in this world when considering financial decisions and no one knows why they make those decisions. There are risks that need to be risked every day and it's not just celebrities because everyone in this world has their own financial conditions. Basically, using drugs is not a good thing because it can affect people's lives if used excessively and drug addiction can also affect other things for the worse.
It's not about drugs or anything, it's about personal lifestyle choices, and some people would never agree to compromise on that. The choice he made was definitely because of this and not because he takes drugs and he isn't allowed to do that and he is addicted and can't help it, it's about self-respect, he couldn't bear the fact that he was refused to do a certain thing that he usually does in his life, and he probably can afford to do that.

Only a person who can afford to refuse such an offer would do it and for them, it isn't a bad financial decision because they don't need the money and they prefer their self-respect and lifestyle more than the money offered to them, which is why they don't consider it reckless.
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March 07, 2024, 08:31:53 AM
#87
But then I would also say there’s no need to judge much on the case because what another likes isn’t what the other would like,vice versa. For me I wouldn’t conclude it to be reckless he went for what he chose, our choices differs.
They're public figures so they're always open in scrutiny of the public and with such actions and decision once publicized, they can't get away with it but to deal with people's criticism if they're being considered as reckless people that are trying to avoid sound money and chooses to do their activities like smoking and can't even get on the deal with it because they can't easily give that up as it's already part of their lifestyle.

Quote
What other reckless financial decision do you know or have heard of?
In my opinion, this is a reckless financial decision for those who cannot properly secure their bitcoin wallets or sell bitcoins when they know that the bitcoin halving is approaching.
Those that still don't have a hardware wallet and yet they've got a lot of money invested in Bitcoin. IMHO, that's okay if they're keeping it well through a desktop wallet or a paper wallet. As long as they know how to keep their money safe through bitcoin and the wallets that they're using, that's not being reckless but being practical. But what's more for being practical is that they'll avail a hardware wallet to have a better security for their funds.
legendary
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March 07, 2024, 08:09:34 AM
#86
Musicians and their absurd behavior at times makes me wonder who is actually suffering from the mental illness.

Anyway, it is a personal choice whether one company likes their weed habits or not and they are free to choose the company that they want to work with. It might also have to be about money involved and they are only covering it up with that "weed statement" to make it seem more juicy to the public eye.

You can never trust these celebs, they are always upto no good.
sr. member
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March 07, 2024, 05:34:40 AM
#85
Do you think a celebrity who turns down a multi-million dollar deal solely because the organization doesn't allow him smoking weed is a reckless financial decision?
Keep in mind this definition of reckless financial decision - It entails when a person makes choices that involve significant financial risk or lack of consideration for the potential consequences.
I think celebrities like that don't make reckless decisions, in fact it's better for them to refuse because they don't have permission. Sometimes celebrities are tempted to make a decision when they get a fantastic offer, especially on products that are still very controversial, such as marijuana cigarettes. In my country there are many artists who promote gambling sites with large contracts but in the end they end up in court. So in conclusion, refusing an agreement of great value is not a reckless decision because a decision will have an impact on yourself.

Quote
What other reckless financial decision do you know or have heard of?
In my opinion, this is a reckless financial decision for those who cannot properly secure their bitcoin wallets or sell bitcoins when they know that the bitcoin halving is approaching.
full member
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March 07, 2024, 03:30:04 AM
#84
Celebrities ain't like the Investors, whatever they do is hyped and spread in the air for the world to be aware of. If a celebrity turns down such offer that doesn't make him become a financial reckless person. The celebrity already knows his worth and if paraventurely he was his demands was not considered and then he accepts the deal he would become a parasite mockery against his competitors. Unless the celebrity is an upcoming that barley want to make big name and cant even afford the amount of money involved in the deal.
There's a celebrity lifestyle and the first class celebrities maintains to that. He has got nothing to loose.
Even in the real World of investment, it you go seek for a contract and the company doesn't regards your influential personality by offering the chances to a big deal according to your worth I believe the vendor or the contractor would withdraw from the deal because it seems like a slap offering you a job you're worth than in a conditional manner. So the celebrity could be Said to had been bigger than the offer and could not accept the deprivation of his request to smoke.
Keep of from celebrity life because it's one thing we can't just get right as investors.
hero member
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March 07, 2024, 12:48:33 AM
#83
Do you think a celebrity who turns down a multi-million dollar deal solely because the organization doesn't allow him smoking weed is a reckless financial decision?
Keep in mind this definition of reckless financial decision - It entails when a person makes choices that involve significant financial risk or lack of consideration for the potential consequences.
If this is a performance related work, then it needs more context. Some celebrity feel they could perform better when they do some rituals like smoking weeds before show or other things. So, if they couldn't perform with their best because they can't smoke weed, and they just turn down the job, then it actually is the right decision, saving them from ruining their reputation that might give them even more potential financial loss because they accept a job that doesn't allow them to perform their best and then could ruin their reputation.

A good financial decision is not just about making the most money at the very moment, but how to keep our business, and our client expand and make our income stable and sutain.
That's the part we are missing, saying no to something g that you do not want to work at is not reckless at all, it's your own freedom to say no to things. It doesn't change just because you are a celebrity and you are offered a lot of money. There needs to be a line that you draw, and if you accept everything then it is not going to be something that you can accept, it is just not going to be all that crazy. We should consider it to be a lot more important on the long run at all.

I believe that we are not going to be all that easy to handle, and it is not going to be simple. We should just simply let it be and we could probably not do anything that would get crazy amount of support. We should probably make it work a lot easier.
newbie
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March 06, 2024, 06:47:09 PM
#82
Do you think a celebrity who turns down a multi-million dollar deal solely because the organization doesn't allow him smoking weed is a reckless financial decision?
Keep in mind this definition of reckless financial decision - It entails when a person makes choices that involve significant financial risk or lack of consideration for the potential consequences.

What other reckless financial decision do you know or have heard of?
The decision is termed reckless or not depending on who it hits. If it were to be me I wouldn’t turn down the offer but then looking at the potential or should I say the person who turned down the offer it could be because he has more than that or it could be that he can’t make a good performance without smoking.

But then I would also say there’s no need to judge much on the case because what another likes isn’t what the other would like,vice versa. For me I wouldn’t conclude it to be reckless he went for what he chose, our choices differs.
hero member
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Merit: 603
March 06, 2024, 06:31:43 PM
#81
For me, that's a reckless financial decision. Yes, they may have their lifestyle but they can't sustain their lifestyle if it's not with these contracts. That's a huge money that's been thrown in the pit if that person can't stop some vices that the company or contract want him to get rid of.
It's not about the principle but that celebrity simply can't let go of his vice because once you're addicted to it, you can't get rid of it and that's what a real swag is, disposing million dollars of contract for a vice.
Very currect because the celebrity is a clear example of what addiction can do to anyone how can you let go of a multi million deal because you are not allow to smoke on stage, I don't know what the music industry is turning into with the over usage of drug, and come to think of it, won't this affects his future deals because many companies may buy caught such an artist if they know that he can work on stage without taking a substance such as hard as weed on stage.
These vices are really addictive and that's what we can see with their images if they're in the entertainment industry. As if that it is making them cool but their influence to the younger generation is certainly odd and crazy.

I believe that celebrity may comes from my country, where the music industry is polluted with alot nonsense and promoting drugs and other negative vises, any ways, it is such a shame to have such outcome regardless of what the level of the musicians my be, if they keep rejecting offers, very soon they may go broke.
I guess that influences every country that have their own music and entertainment industry and that's full of those things. Well, once they're famous, they can do everything that they can and they can get away with it because they have money but going to the main topic if that's a reckless financial decision, it is and that will never change.
hero member
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March 06, 2024, 06:17:28 PM
#80
I don't think that it's a reckless financial decision, that celebrity's got a lifestyle that he/she can't live without and so he ends up having to decline it, I guess that celebrity has a principle that he doesn't want to break anytime soon plus he's a celebrity so I don't think that they're going to have a problem finding other million dollar deal, and I don't think that they're going to be offered a million dollar deal if they're not already a millionaire and from what I can deduce from that, these celebrity's probably financially stable and got a lot of income stream so that rejection might not be a big deal to that person, maybe it's just us at the bottom that sees it as a reckless decision and I think that we can learn something from that person.
For me, that's a reckless financial decision. Yes, they may have their lifestyle but they can't sustain their lifestyle if it's not with these contracts. That's a huge money that's been thrown in the pit if that person can't stop some vices that the company or contract want him to get rid of.
It's not about the principle but that celebrity simply can't let go of his vice because once you're addicted to it, you can't get rid of it and that's what a real swag is, disposing million dollars of contract for a vice.
Very currect because the celebrity is a clear example of what addiction can do to anyone how can you let go of a multi million deal because you are not allow to smoke on stage, I don't know what the music industry is turning into with the over usage of drug, and come to think of it, won't this affects his future deals because many companies may buy caught such an artist if they know that he can work on stage without taking a substance such as hard as weed on stage.

I believe that celebrity may comes from my country, where the music industry is polluted with alot nonsense and promoting drugs and other negative vises, any ways, it is such a shame to have such outcome regardless of what the level of the musicians my be, if they keep rejecting offers, very soon they may go broke.
hero member
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March 06, 2024, 05:45:22 PM
#79
I don't think that it's a reckless financial decision, that celebrity's got a lifestyle that he/she can't live without and so he ends up having to decline it, I guess that celebrity has a principle that he doesn't want to break anytime soon plus he's a celebrity so I don't think that they're going to have a problem finding other million dollar deal, and I don't think that they're going to be offered a million dollar deal if they're not already a millionaire and from what I can deduce from that, these celebrity's probably financially stable and got a lot of income stream so that rejection might not be a big deal to that person, maybe it's just us at the bottom that sees it as a reckless decision and I think that we can learn something from that person.
For me, that's a reckless financial decision. Yes, they may have their lifestyle but they can't sustain their lifestyle if it's not with these contracts. That's a huge money that's been thrown in the pit if that person can't stop some vices that the company or contract want him to get rid of.
It's not about the principle but that celebrity simply can't let go of his vice because once you're addicted to it, you can't get rid of it and that's what a real swag is, disposing million dollars of contract for a vice.
sr. member
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March 06, 2024, 04:43:19 PM
#78
What an average income earner considers as financial recklessness can be a regular lifestyle of celebrities and the super rich, so it's a relative term, meaning that what you consider a foolish financial decision can be what another person does for fun. So it depends on the financial status of the celebrity that is discussed in the OP, if he's supper rich, perhaps a billionaire, then he can easily give his weed more priority than the deal that he was offered, but if he was not super rich and turned down a money that can increase his fortune, then it's foolishness on his part. Sometimes we need to sacrifice by giving up a habit temporarily in order to achieve something greater,
These days you wonder where your money is going because it might not be necessarily that you are spending recklessly, but there are just too many things that we spend how money on now, starting from bills and a lot more and you are right is only when you do not have money you complain about spending if you see were the rich is spending you will know that the poor or even average person is just trying to manage, the rich have luxurious things that they spend there money on starting from cars, yacht plans and houses and lots. and they are always making money even s they are spending. and they don't go broke but average people will be scared of how their lifestyle will be when they spend money any how. but I believe everything is planned and the rich have money assigned to fund their lifestyle. and celebrities will need to keep up with their standard because they will keep spending both on wear and other kinds of stuff. After all, they will need to get people's attention and look expensive so that they will have a good price tag.
sr. member
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March 06, 2024, 03:12:14 PM
#77
Do you think a celebrity who turns down a multi-million dollar deal solely because the organization doesn't allow him smoking weed is a reckless financial decision?
Keep in mind this definition of reckless financial decision - It entails when a person makes choices that involve significant financial risk or lack of consideration for the potential consequences.

What other reckless financial decision do you know or have heard of?

In my opinion, it's not a reckless decision at all and I just see the person prioritizing his self-respect or freedom over money in this case. Do you let someone decide what you want to do or do you want the freedom of deciding on your own?

I consider someone who decide without deep research like investing on crypto without even learning about it's basic things because they see someone who made tons of money in that is the reckless decision or someone who starts a restaurant without having any experience in that particular field and invest tons of money and in just over months went bankrupt.

freedom is costly that's why some celebrities pay for it with their careers. i have no idea why this celebrity prefers to quit all because he can't smoke weed but definitely. he can weed in hiding or just at home that's where he can smoke. it's reckless that could damage his career and his finances, finding another career is the only option for them as social media will bombard him with criticism.

celebrities are often controlled by their sponsors, especially in terms of saying their points of view about politics. hollywood actors are just not able to criticize politicians that is their policy and if anyone does it, it better be with the sponsor's approval.

This reminds me of Air Jordan the man who brought Nike to the level of Adidas, and there are other similar real incidents too like Ronaldo's commission-based contract made a change in the partnership with brands. If a person with that influence try to be responsible as much as they can because their reputation matters more than anything but if a company decides what they should do further in their life is not acceptable and one who can realize their potential will reach more heights than what they are.
hero member
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March 06, 2024, 02:57:14 PM
#76
It is only a reckless financial decision, if you do not have other opportunites lined up. A lot of these celebrities have loads of offers thrown their way, so they can pick and choose what they want.

It will be seen as a reckless decision, if you are a upcoming star and if you turn down a offer based on that reason. Other companies will not want to work with you, if you do that early in your career.

There are other celebrities who are also careless in their decisions, in fact, and regretted in the end because they made a rash choice that they thought was the right thing to do.

That's why even if I became one of the celebrities and reached the popularity or fame that they have, I will not waste the opportunity that everything I worked for will just go to nothing,

we should not waste everything we worked for.
As if we do all share up with the same thinking but we do know that there are people who do make out odd decisions on which you dont even expect that it do really happens on which making up decisions
that you would really be having those thought on what the heck they've been doing? Getting famous and having that fame and tons of money will surely make you dumb in some conditions but shouldnt really be that bad as this. Some are really that trying to fight with their own principle and ego on which on the time that there's someone who wont be allowing or something that will not consider out on what they do
then they do become that sensitive on which it do comes into a point on making this shit decisions and make out those regrets afterwards.

When it comes to money making then all of us would really be doing our very best on trying out to close best deals on which we know that this would be adding up the income flow
but some might be thinking confidently that they wont really be needing it that much.
sr. member
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March 06, 2024, 02:18:43 PM
#75
I think that was his choice, because maybe from the start he started his career and made an agreement with himself or his team to make a rule that must not be broken.
so maybe that is one of the reasons for the story you mentioned.
there was nothing reckless about refusing that, at least he/she had discipline.

Yes, he is a disciplined celebrity, disciplined to continue doing bad things. It is not like that..?

In this case, a celebrity or film actor is free to refuse an offer from any film producer. However, it must be remembered that producers have the right to make terms or conditions of contracts with the actors in their films. and he does this for the smooth and successful making of his film. Including by making a prohibition against smoking and using marijuana for film actors, because it is feared that this could slow down the process of making the film. For the prohibition on smoking, I think that is too much, but for the prohibition on using marijuana, it must be included, because when someone is under the influence of marijuana, they are often unconscious and do not have good control, so this can disrupt the process of making the film, and perhaps This is the reason why the producer made this ban.

and here it is clear that it was the celebrity who was wrong, he was "reckless" because he was unable to read the opportunity that came to him, and he was truly "reckless" because he missed this opportunity just to maintain his bad habits. Which perhaps this opportunity is an opportunity that other celebrities want and dream of.
sr. member
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March 06, 2024, 01:10:19 PM
#74
This celeb turned down a boatload of cash to endorse a weed product, huh? Sounds crazy, right? But hold on, there's more to the story than meets the eye. It's not just about the fat stacks of bills. Celebs gotta think about their brand, like their image and reputation. This weed product might not jive with their whole thing, you know? Like, if they're all about being a wholesome family icon, promoting pot might not be the best move.

Plus, there's always the chance of getting backlash from fans or even losing future deals. Gotta be careful about what they attach their name to, kind of like protecting their bread and butter. Now, your uncle with the impulse buying problem, that's a different story. He's not weighing the pros and cons, he's just swiping that plastic like nobody's business! That's where things get a little reckless.
legendary
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March 06, 2024, 12:33:04 AM
#73
What irony. A celebrity wastes a lifetime of privilege on cannabis. Is it reckless? Absolutely. However, it's also a fascinating study of human priorities and how we value short-term gains above long-term ones. Some find this decision confusing, but it illustrates the complicated, frequently conflicting nature of human decision-making

Broaden the lens. Not an isolated instance. The financial world is full of foolishness. Like millionaires who go bankrupt owing to a lack of budgeting or investment. Or egotistical people that invest in failing businesses for no return to maintain an image. These instances demonstrate irresponsibility and a poor misunderstanding of value, risk, and financial management. The puzzling nature of human behaviour and the unpredictable ways we determine what matters to us are evident in these errors
hero member
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March 05, 2024, 10:16:56 PM
#72
Do you think a celebrity who turns down a multi-million dollar deal solely because the organization doesn't allow him smoking weed is a reckless financial decision?
For me it depends on each person's point of view and we also have to look at whether smoking marijuana is prohibited in that country. Decisions are taken based on considerations, whether they are risks or considering other things.

Keep in mind this definition of reckless financial decision - It entails when a person makes choices that involve significant financial risk or lack of consideration for the potential consequences.

What other reckless financial decision do you know or have heard of?
The definition of a decision will be different if it is related to a prohibition, for example in my country smoking marijuana is a crime if caught, therefore the decision not to take the job is a rational choice. Every decision must have consequences that must be taken and these decisions should be considered carefully before everything is done. I've heard of jackpots in lotteries because in my area especially it's banned and has a negative side that the winner's family will tell so they try to ignore it.

But furthermore, I don't know whether he took the winnings because he bought the lottery through someone (agent) and maybe he took it secretly so that people wouldn't know about his behavior. It is based on different definitions and may also have to look at the place and conditions.
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