Financial Lessons for Filing Taxes from Rich Celebrities who went Broke | Marvin Gaye Bankruptcy

The lives of the rich and famous celebrities often seem glamorous and stress free, but even the biggest celebrities have issues with money. Despite many inspiring stories of celebrities who came from nothing and worked their way out of financial hardship and became wealthy, the opposite also happens. For many stars, they also go from riches to rags. From musicians to athletes to movie stars, sometimes fame and wealth results in a disastrous spending spree and as a result many celebrities ends up declaring bankruptcy. In this video we will we talking about one such famous person who had trouble paying off his taxes and ended up owing $4 million in taxes to the IRS and eventually filed for bankruptcy. Marvin Gaye was so talented but just like so many creative people and artists he couldn’t get his financial life in order. Many artists and celebrities have a hard time getting their money in order and wind up owning taxes just like the Motown legend Marvin Gaye. But we can learn important financial lessons from these celebrities who go broke. In this video, I will discuss what we can learn from Marvin Gaye’s financial blunder and why managing your money is as important as making a lot of money. Also, we will see, what should be your course of action if you find yourself in similar financial situation of being unable to repay money as Marvin Gaye.

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