rumor on the internet says that Lindsay Lohan is bankrupt and that she is getting by on credit cards, the money she makes from club appearances and that everyone from her little sister to her ex-girlfriend are paying her way.
I'll be honest I have my doubts about the truth of this story, but it's not too out there. We hear about celebrities filing chapter 11 all the time. It's mainly due to superstars trying to live a life that they think a celebrity should live but they don't stop to think if they can truly afford it.
If you are wondering what kind of finical advise you can learn form Lindsay Lohan or any other celebrity that has gone bankrupt due to mismanaging their income, it's simple, a lot of us have the same problem that these celebrities have. Too many of us are trying to live a lifestyle we can't really pay for. we live well above are means and only making it because we are floating along on our credit cards.
it only a matter of time that the rug is pulled under us and that lifestyle we where trying to live destroys us financially. But even though someone like Lindsay Lohan is spending more then some of us can dream of, the truth is that some like her can bounce back better then most of us. Where people are working hard just to live the so called middle class lifesyle, Lindsay is out parting, if she really needed the money she could just clean up and get some acting work (even if it's low rate b-movies) to pay her bills.
the lesson one should take away from any time they hear a celebrity is broke is that if they can mismanage the tons of money the make to live a rich lifestyle, then I should be extra careful and learn to budget and not try to live beyond my means because I can as easily go under as them, if not more so.
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