5 FAMOUS FINANCIAL FUMBLES

If multimillionaires can fumble the ball, what hope is there for the rest of us? As it turns out, plenty.

CHARIS TORRANCE

Celebrities… They’re just like us. Well, except for the sprawling mansions, private jets, and wardrobes full of designer labels. With all those resources available to them, you’d think they’d have their finances in order. But in reality many don’t. ‘Celebrities may seem to lead extravagant lives, but they’re not immune to financial mistakes,’ says business coach and financial resilience strategist Phuti Mphelo. On the bright side, these missteps often become valuable lessons. ‘If you can’t afford it, you can’t have it.’ Financial blunders, whether made by Hollywood elites or us ordinary folks, generally all come down to a lack of planning, discipline and financial literacy. As Tsungai Masendeke, certified financial planner and managing director at IWCP Proventus, says, ‘Rarely does anyone receive guidance on managing money. Talking about money is…

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Fairlady South Africa (Digital) - 1 Issue, Mar/Apr 2025

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