(Guest post by Kristina at Dinks Finance)
It is no secret that Charlie Sheen is addicted to drugs, sex, and women. He doesn’t try to hide it, for which I admire him. He doesn’t try to cover up his mistakes or make excuses for his behaviour.
However, his recent actions including outbursts, rehab, and parental irresponsibility have landed him in the Hollywood hot seat.
Charlie Sheen is the star of the popular TV sitcom Two and a Half Men, whose unpredictable behaviour and violent outburst against CBS not only got him fired, but caused the popular show to be cancelled altogether.
5 (Financial) Lessons Learned From Charlie Sheen
1) Don’t Take Money For Granted. I have learned firsthand over the last 2 years that money will not always be flowing in. I think that many people who have money take it for granted. Charlie Sheen is just one example of how drastically our lives can change in just one day.
2) Don’t get married if you aren’t ready. Divorce is expensive and without a prenuptial agreement and a good lawyer a short marriage can have a long financial impact. Not having a prenuptial agreement is just plain financial ignorance. Married people always think that their spouse would never hurt them. The thing that married people don’t realize (until it’s too late) is that when people are getting divorced, they hate each other.
2) Don’t have kids if aren’t going to be responsible for them. Financial contributions do not equal parental responsibility. This may be a reason that I am still a DINK. I am not yet 100% certain that I am ready to put my child’s well being before mine; this is why I am currently childless.
4) A bad image can harm your career. Whether you are a self employed entrepreneur, a movie star, or a personal financial planner a bad image and a bad reputation can hurt your career. If we haven’t already learned this from Britney Spears, Mel Gibson, and Lindsey Lohan then we need to learn it now from Charlie Sheen. In business a good reputation is everything. If people like us then they may recommend us to their family and friends. But if they hate us they will tell everyone; not only will we lose existing clients but we won’t acquire any new clients either.
5) You Can’t Rely on Others for your Financial Success. Due to the actions of Charlie Sheen as an individual, several other actors are now out of work. It is beyond their control and there is nothing they can do to fix it. As young professionals we should always have a backup plan, never put all of our eggs into one basket, and never rely on someone else for our financial success. I believe that the days of only having one job are over. Nowadays everyone has a side hustle to earn extra income, a second job to add to their primary employment, or their own part time business to accompany their full time income.
Guest post by Kristina over at Dinks Finance – a personal finance blog for those with dual incomes & no kids.
(Photo By Lachlan Hardy)