Kerry Katona is BROKE Again!

I’m amazed as to how these celebrities can end up being bankrupt (*cough* broke) after all of those millions…

…and ex-Atomic Kitten star Kerry Katona’s financial status isn’t something new as she filed for bankruptcy after failing to pay her debts for tax. Her current situation has caused her to withdraw from her endorsement with financial lending company PDB UK’s trade name Cash Lady.

Poor thing, I wonder how she’s going to look after her four children? Where is she going to get the money from? Hasn’t she learnt from her first bankruptcy incident. Despite the current situation Ms Katona is still on a positive upbeat sending encouragements and motivation via her Twitter page.

There are very strong lessons to learn for those desire to have the so-called rich high-life:

Firstly, just because you’re rich DOESN’T MEAN you’re above the law. The more the salary, the more the taxes and you HAVE to pay them just like everybody else.

Secondly, be honest and manage what you have even when rich. DON’T BE NAIVE & FOOLISH to impulse buy things. Remember to save and invest, even with your salary right now, which many people can’t do; as the good book (Bible) says ‘he that is honest with small things is honest with big things.’  If you’re foolish to ‘spend, spend, spend’ all of your wages then imagine what you’ll be like if you had millions. Your eyes will be tempted with the ‘bling’ and non-essential luxuries.

Third, be accountable of how much you spend. This is the only way banks can help you with fraud incidents (in your account) if you’re aware of your spending habits.

Fourth, money isn’t the root to happiness. There are a lot of people who are earning less and are yet the most richest than the celebrities who keep getting themselves broke. What’s the point of having a rich affluent lifestyle if you’re never going to have peace (that’s not to say that there isn’t celebrities who are rich and peaceful).

Finally, food, shelter & water are the most essential things. So make sure you’re on top of your electricity, water phone, etc and mortgage as well as food before thinking about buying clothes (which comes fourth). At the end of the day, we all need a roof over our head and a place to sleep at night.

Since the recession, money has become tight and government has placed a lot of restraints on borrowing.  They’re trying to make money out of the stupid ones so therefore, be wise and don’t let them spend-you-out.

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