Reckless financial decision ? - page 6.

wxa7115

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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?

You cannot take the incident in isolation, you talk about a celebrity so what is their net worth? If it is tens of millions or hundreds of millions, they can afford to turn down such an offer for personal reasons and I will not consider this being a reckless financial decision, just one based on values I do not share.

However if the person in question was bankrupt or had very little money, your argument would make sense and I will consider that to be a dumb decision, as most of us have to do things we may not feel excited about it, but that are part of our jobs.

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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 won’t classify this as a reckless financial decision for some reason because it deals with choice. There are two different concepts in economics: which are goods and services. If you are selling goods and you turn down such an amount of funds, that is when it will be considered a reckless financial decision, but when rendering a service, it might not be considered as that. Because you can’t accept a deal and end up cheating yourself, what is the essence of having money and not being happy? So to me, the celebrity who did that did it for his own reason, so I don’t think we are supposed to judge him since we don’t know his personal reasons for doing that.

Moreover, if he is a celebrity, that means he has more than that, so maybe he will think that what he already has is enough for him to stress himself to go to places where he will not be comfortable, so that is why he rejected the deal, although even if I am the one, I will also do the same because if I am restricted to some of my lifestyle, that directly shows that I won’t be comfortable, so I will also reject the deal because you need to be rich in your comfort zone.

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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?

Considering the status of a celebrity, they may be able to get income from other sources and from other sponsors that will come after and will permit any of their excess behaviors or habits, so as a celebrity I say they can afford to make that decision and may never see the consequence of it. The decision will however have severe consequences for someone who is not financially strong/buoyant, or even an upcoming celebrity.

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

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

Choosing to take full financial responsibility for someone you are not married to is a reckless financial decision. Sponsoring completely and taking care of all the bills of a lady that you are not married to as a man, is a reckless financial decision because if you hope for marriage, and then you never get married for some reasons, you would have wasted a lot of resources that should have been invested in bitcoins, and if you hope for marriage and then get marriage, you would have created a liability because you will be expected to continue carrying out all the responsibility of providing for every need of the home as you were doing while in courtship. It is not bad to spend on your partner during courtship, but always give room for them to grow some independence and be able to provide the most basic needs for themselves.

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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?

I thought you tagged him as a Celebrity? A celebrity means that the person is highly recognized in the society or in the country or at the international level and such a person already has a voluminous earnings through other sources which is why they can turn down any offer they want because they will still have other big offer from other clients. As I am right now on my financial state, I can call it a reckless financial decision but in his financial level and status, it is not a reckless decisiondecision. He only took a decision based on his wellbeing.

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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's a chicken and egg scenario. Smoking weed is often a lifestyle choice and should not be a surprise to any potential sponsor. It is also something that is non-negotiable, because it has become an addictive habit, for people who do it and expecting them to quit for someone else is wrong in that sense. It really depends on the individual and what their motivations are, because if they are a low level celeb with little cash, then they might be willing to change their habits to take on that contract. However if someone is worth hundreds of millions, it may even be considered an insult to change their activities in order for some company to offer them a contract. People can often be rather flexible on this matter with the right contract on offer.

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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?

Sounds like Snoopdog.
There are a lot of celebs who decide not to sign a contract and fumble a bag because of just a simple clause in the contract. Even the NBA stars have done these stuff and only a few got it right in the end and made much more.

Francis Ngannou refuses to sign another million-dollar $ UFC contract because the contract wouldn't allow him to fight in boxing. The other promotion PFL took him and allowed him to fight in boxing which we have seen him fight Fury and sooner he is fighting AJ.

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There are many people who make reckless financial decisions.They don't think about their future.Just looking at the present causes them great harm.Everyone should make informed financial decisions.Think how big of a loss it could be for you to turn down an offer from a big company just because it doesn't allow smoking.He who is proficient in that subject should take up that task.Now if a person who works in good cars opens an electrical factory, he will definitely not be able to do well in that sector and will face losses.Financial decisions should never be reckless.Decisions should always be made with discretion.

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

The truth is wey the public only heard a little of the whole case so we might just be thinking that it's all about his weed addiction or love for weed that lead him to make such decision but for me it could entail more than we would here. mind you I believe this artist's (musician) manager is his mother and before such decision could be reached they know what it would have cost them if he attended the concert.

To us it's a reckless decision that could worth a lot of funds in his financial life but he prefer to maintain his decision or reputation of weed lover not to accept an amount worth millions. Its really a decision that was supposed to be thought twice before making such, I mean million dollars isn't a chicken change that someone could through away just like that except just as I said it has alot that it entails than we can hear.

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im personally not into people that are into drugs.. but its their life

that said
for different reasons though. i have myself chosen a relaxed, chilled happy lifestyle over a financial deal that would hinder/disrupt my lifestyle.
but i am on the wealthy side so extra money that comes with conditions.. doesnt have as much meaning to me as it does to others

if the financial deal was something that would have made the guys life prosper then yes it was reckless to choose a temporary puff of drugs over something that can improve their overall life..
but if their life was happy and content where the excess cash wouldnt have bought them any extra happiness.. then not so reckless

seeing as the OP's topic is about a celebrity.. then its probably someone with wealth already..
so its not a money question. its a unconditioned life living as is.. or a conditioned life taking the deal

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It could be a reckless financial decision or choice, depending on the economical situation of the person who is taking those choices. A celebrity can turn away money and deals if already has enough money to fend off for much time with their savings and other enterprises.
It would be certainly reckless of someone oof the middle class or the low class rejected a good and life changing job only because they would not be allowed to smoke while working, for example.

I have only seen personally a story of economical recklessness in my family once, it was one occasion when an uncle of mine started his business of car reparations. He did not have many tools or equipment to do all he wanted, as efficiently he wanted; so one of his brothers offered him to buy the tools and stuff he needed to be more professional, however, my uncle decided to reject the offer out of pride. He later realized what he did and tried to call to his brother about the offer again, but by then it was already to late and the money to buy all those equipments was not available. It was when I learned, one is supposed to take financial decisions with our mind cool and not allowing our feelings to completely take over.

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

Edited

The thing is that, priorities differs, what means alot to youay not likely mean anything to the other man and for that we may not really understand what make that musician to make such decisions, public smoking may have been pointed out and if we have to go by that, then weay have to ask what are the values of that money to the musician compared to what he is ready to offer just to get his weeds.

Some of those musicians believes that without those Highness and drugs they can't rank up to the level of stardom they attained in the industry, and for that theyay want to have the freedom to abuse the durg regardless of what will be at stake finance may just be the less of the worries compared to what they believe that can acquire just being free to do whatever pleasure they desires.

So we have to be less judgemental on this matter, and try to understand things from they own point of view even though ot not possible for us to know whay they experience and expectations are, i have read alot about musicians turning down offers because it condtion goes against the personal believe and habits.

Davidvictorson

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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?

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