Til Death Do Us Part
Forbes revealed that even in death, Michael Jackson earned $275 million in 2010, topping their list of top-earning deceased celebrities. But before his passing, Jackson struggled with debt, highlighting the importance of managing your financial health before it's too late. You don’t need to fake your death to profit, but you do need to take a break and assess your finances. Set aside time—yes, even a full day— to evaluate your income and expenses and create a solid financial plan. Without it, you risk working yourself to exhaustion with little financial gain to show for it.
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Every year Forbes puts out a list of top-earning dead celebrities. In 2009, just months after his death, Michael Jackson had already earned $90 million and had reached third place on the Forbes list. By 2010, in typical MJ chart-topping fashion, he topped the list at number one. Posthumous, the pop icon earned $275 million for the year! But prior to his death, Jackson was battling with debt!
So what’s the deal?! No one wants their best profits to be earned after their dead and gone! Do you really have to fake your death to turn a profit? No, we don’t think so. But there may be an advantage to taking a break from work so that you can really analyze your income and expenses. We recommend that you take at least a day to stop working in order to take time to assess the true state of your financial affairs. I know...it's hard to stop for lunch sometimes... how are you going to put everything on hold for a day? You just have to make the time to make it happen. Without a financial plan of action, you could work yourself to death!