Reckless financial decision ? - page 4.

jrrsparkles

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Quote from: Davidvictorson on March 02, 2024, 07:02:09 PM

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.

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Quote from: bittraffic on March 03, 2024, 04:27:59 AM

Quote from: Davidvictorson on March 02, 2024, 07:02:09 PM

~snipped~

Sounds like Snoopdog.

Nope, not Snoopdog. The subject of OP's content is a Nigerian musician, except I missed it.

I first heard of that gist from ID Cabasa (smart and intelligent dude) on Nedu's podcast and I was like, "what the heck did I just hear?" Anyway, it's the musician's call to make. It's his shinning hour and he's got the world at his feet at the moment. Nonetheless, he shouldn't also forget that the same world he's got now is the same world that will mock him when he begins to dwindle in his fortunes. For me, I think what he did even goes beyond that refusal of his to putting out a persona of him that he's too picky and arrogant. Of course, he's. Judging by his interactions with other celebrities lately, one can't say otherwise.

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Quote from: MarjorieZimmermanGinger on March 04, 2024, 03:49:32 PM

Quote from: Davidvictorson on March 02, 2024, 07:02:09 PM

-snip-

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.

Financial advice and financial decisions taken by each person have their own responsibility and these decisions should not be taken carelessly. If not, we will face the consequences of risks that will occur and when the decisions we make are wrong, these risks will have an impact on us.

That's true, I think that is one of the realities of life that happens every day. Hasty decisions regarding financial management are proof that financial management is not useful for him. The aim of managing finances is to avoid financial problems or minimize them, but many people fail to understand this and practice it.

Do you know how important a reserve budget is every time you want to spend money?
Regardless of what your money needs are, a reserve budget must still exist. You should be able to set aside a few percent of that budget for a reserve budget instead of spending all your money on whatever needs. But the opposite may be true especially because they still think that they can get another lot the next day or next month.

MarjorieZimmermanGinger

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Quote from: Davidvictorson on March 02, 2024, 07:02:09 PM

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.

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.

Financial advice and financial decisions taken by each person have their own responsibility and these decisions should not be taken carelessly. If not, we will face the consequences of risks that will occur and when the decisions we make are wrong, these risks will have an impact on us.

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Quote from: Davidvictorson on March 02, 2024, 07:02:09 PM

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?

Totally reckless. Stardom can fade in the next few years when you're not obeying your organization's liking and instructions and so as your manager. That's a multi million dollar deal and just for the sake of smoking weed or any violation that you've been told to stop, you have to stop that on an instant if you like your career. Understanding being in the entertainment industry will make you realize that this career won't even last forever for the most of the talents and celebrities and that's why wasting such deal is a reckless move and decision.

Quote from: Davidvictorson on March 02, 2024, 07:02:09 PM

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?

When Dennis Schroder rejected Lakers a multimillion contract offer which was estimated $84M. And then, he's signed back to Lakers last year for $2.64M.

itorai

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Quote from: Husires on March 03, 2024, 09:00:30 AM

I read a story about a famous person who went bankrupt and refused to take off his ring to clean cars. The value of money decreases when you earn a lot of it. If you are an employee who earns $100 a month, it is different from someone who has a salary of $10,000 and who can spend this $100 on one meal.
When you have a lot of money, you start looking for rare things, such as limited edition cars, gold-plated phones, or things that others cannot own.

The value of money decreases when I have a lot of money is very possible, because royaltas will also increase when i have a lot of money whatever i want i will buy yee... even though i don't really need it. Sometimes most people think that rich people are free, want to buy anything at any price is not a problem, but unfortunately it's just a dream of mine, whether it materializes or not i don't know especially since i'm just a person who dreams big and doesn't try much to achieve his dreams. Yes, although it does not rule out the possibility that i keep trying my best.

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Quote from: Davidvictorson on March 02, 2024, 07:02:09 PM

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?

Depends really, this is a celebrity we're talking about with propensity to drive millions of dollars towards themselves, and not just be a driving force to be used by brands and figures for their own personal gain. The management probably sees this potential in the person and decided that it's not worth the multi-million dollar deal, and thus opted to not go for that particular option. In which case I wouldn't really call it a reckless financial decision cause at the end of the day, the celebrity's got something more valuable (at least intrinsically) than the money at the table, which is his reputation, his brand presence, and the potential that he could put to the table that may be jeopardized if they went with the weed product deal.

What I would consider a reckless financial decision is buying stuff under credit in the heat of the moment. For example. I've got an uncle who's indecisive and is often duped into purchasing products he doesn't need out of the pressure exerted against him by salespersons on the mall. That is an example of a reckless financial decision, not the one you just gave us in my opinion.

harapan

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I see it as a reckless financial decisions,but the person who is supposed to handle the deal might not see as a wrecking decision that he took,because he knows his worth,and he wouldn't want to be monitored and authorized unnecessarily;although I don't know how he takes and sees the idea of not smoking in camera,but at least he can simply quit smoking for once.
But it's okay to reject contracts that you find inconvenient and uncomfortable.

But The truth is that the public needs something better than smoking/smokers.The company's core values and standards will likely depreciate If their clients finds such an activity,that won't be proper.In as much as the company's growth and reputation is their paramount concern,and they should not be seen promoting illegal habits like smoking.

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i don't think that it was a reckless financial decision because if he was a public figure, let alone a superstar, he might think that drugs have become a part of him and his fans tolerate him consuming them. so that when there was an offer like that he didn't think it would be a loss to refuse the offer because he already knew how much he valued himself. surely he already has his own calculations so that he can reject the offer, and already has the calculation that without this offer he can still get another offer which will value him more.

it's a different matter if he is someone who really needs money, but he refuses the offer, maybe that could be said to be a reckless financial decision because he doesn't think about the consequences of his action of refusing the offer.

Claudeake

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The decision of the celebrity is not a reckless financial one. It is based on conscience of the individual. Though, money is needed for the possession of assorted goods and services. But, wealth is principal of all things in the human society. It enables the individual to deal with the dynamics of the contradictions of the human society.
Therefore, the celebrity considers the smoking weed an act that does justice, peace and tranquility to his soul more than the offered money.
Thus, reckless financial decision is relative to different individuals on the basis of conscience and personal choice.

Dailyscript

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Quote from: Davidvictorson on March 02, 2024, 07:02:09 PM

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?

Indeed, it is a reckless decision if the celebrity's net worth is not even up to one quarter of the deal that was given to him. I can only see it as normal if the deal was nothing much for the celebrity. Only celebrities' that have a very high net worth or money would actually do that type of deal. These celebrities are not motivated by money or influence; literally, they don't need it.

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Quote from: Davidvictorson on March 02, 2024, 07:02:09 PM

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.

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Quote from: Dr.Bitcoin_Strange on March 03, 2024, 02:50:24 PM

Rejecting an offer that prompts you to avoid what makes you happy is not a harsh decision to me; it's obviously for the individual's personal reasons, like having peace of mind and doing what they are happy with.

If already I have enough wealth and riches that I am satisfied with and I don't really need any offers that discomfort me, I don't mind rejecting such offers without minding the price that comes along with them.

It's only someone who doesn't have any further options who can settle for anyone they manage to find. Those who believe that they will definitely find more opportunities will always be picky about the kind of offers they accept.

Some years ago, while I was still working at a place, my boss said I didn't have to wear any form of jewelry to work. There were no chains, no rings, and some other restrictions that were just so unfavorable to me, but I had no options unless I accepted and started the job.

Right. If you're financially comfortable and content, rejecting offers that don't align with your happiness is a reasonable choice. Having the luxury to be selective is a privilege. Situations like your past job where compromises were necessary for employment highlight the challenges some face when choices are limited. Everyone's approach to such decisions is shaped by their unique circumstances and priorities

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Quote from: alastantiger on March 03, 2024, 04:26:04 PM

The word financial recklessness doesn't exist in the vocabulary of celebrities of the rich and wealthy in the society. These are people who buy handbags worth millions of dollars only to use it once and abandon it forever. The person in the story, cannot reject such a deal. I don't know who that person is but a multimillion dollar deal is what made Rihanna fly all the way to India to perform at the wedding of the children of one of the richest person in India.

Well the whoever the person in the story is, is not Rihanna but it should not be called Financially reckless.

When someone has enough wealth for them to use it for whatever they want, of course they will never think about spending their money and for those of us who don't have money like them, of course we have to organize well how to manage the income we have properly, because If we use the income we have carelessly then the income we get will never be enough to meet the needs we need for a month and for those who already have a lot of money, of course they will think about how they appear in front of many people so they can appear luxurious. and this is only natural because they have sufficient wealth to be able to fulfill their desires.

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Quote from: spectre71 on March 03, 2024, 12:51:03 PM

Getting married, definitely getting married. A guaranteed loss for the average man.

I guess I am not average.

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Quote from: Davidvictorson on March 02, 2024, 07:02:09 PM

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?

Maybe because the celebrity already has enough money and maybe doesn't need a job anymore or something, but this is a decision that feels less than rational, because how can he miss out on a good opportunity just because he can't let it go. bad habits he often does? even though it was only temporary, because when his contract expired, he could return to his bad habits, namely smoking tobacco and marijuana.

and I'm sure one day he will regret his decision. And the same problem also happened to one of my close friends who is a businessman and also someone who loves football matches and likes betting on it, where one day he decided to miss a meeting with an important client just because he didn't want to miss a football match. with the reason being that he placed a big bet in the match. In the end, the bet was lost, while his client felt so disappointed that he chose to terminate the contract with him, and it became a loss for the company he led.

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Quote from: Churchillvv on March 02, 2024, 09:40:58 PM

I guess I can relate to this this post, or maybe i have heard of that decision some where.

This is not new news again; it was something that happened sometime last year, and the celebrity in question was Nigerian Afrobeat singer "Burna Boy." The deal was a contract with an organisation in Dubai that was worth $5 million. He turned it down because the contract said he wouldn't be allowed to smoke his weed in there as it's considered illegal.

Why I rejected a $5 million offer to perform in Dubai, Burna Boy It was just a one-night performance, but he turned that down. He is worth the money, and losing that was really nothing to him, so he can't consider it reckless.

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The word financial recklessness doesn't exist in the vocabulary of celebrities of the rich and wealthy in the society. These are people who buy handbags worth millions of dollars only to use it once and abandon it forever. The person in the story, cannot reject such a deal. I don't know who that person is but a multimillion dollar deal is what made Rihanna fly all the way to India to perform at the wedding of the children of one of the richest person in India.

Well the whoever the person in the story is, is not Rihanna but it should not be called Financially reckless.

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Quote from: Davidvictorson on March 02, 2024, 07:02:09 PM

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?

It could be considered a reckless financial decision by others, but for the person who has rejected the offer, it might not be because he can afford to do that and they might not be ready to compromise on anything that they do or like doing no matter what it is. It often becomes a question of self-respect, and when you feel that your self-respect is being compromised in a deal, you wouldn't see the financial loss you may incur if you rejected the offer.So it can differ from person to person. Some might be ready to leave things that they do for a good offer because they can't afford to lose a good deal, and some might not care about money if they are asked to stop doing something that they often do.

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Quote from: Davidvictorson on March 02, 2024, 07:02:09 PM

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?

I really don't think that's a reckless financial decision because everyone has what is important to them, or let me put in this way that, everyone priorities are not the same, you, you are thinking of the money involved while that celebrity is thinking of his pleasure and convenient.

You have to understand that most people are satisfied with what they have, such people if you offered them a multi billion dollars contract that inconvenience them, they will turn it down because that's not the most important to them, so to me it's not a big deal, everyone can't reason or behaved the same way, and I want you to know that we all have eye to look, but we see differently.

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