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8 Comments on Wow.. McMahon Facing Foreclosure
Wow. Ed McMahon is a legend. He better hope he wins the Publisher's Clearing House Sweepstakes.
I can't help but think there's more to it. Maybe a divorce settlement gone bad? Poor business manager or accountant?
good post...I agree with you..people need to manage their money better!!
Hi Michael...thanks for sharing--I too, have no debt--thank God! and feel very badly for people who don't know how to manage their money--sometimes when you have so much money you depend on someone else to manage it for you--that is unfortunate, becaseu when you leave your Money-management to other peopel----they will never manage it as well as you! I learn that the hard way!
Living in a 5 million dollar house will get you in debt real quick if you don't have lots of income. Maybe he is upside down and he is about to walk away. Interesting.
I read in a newspaper yesterday that Ed's also had some health issues that have not allowed him to work for months, I'm thinking maybe just as long as his house has been listed.
I always marvel at the financial decisions that people make.
A good example of why people should live within their means.