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DISCUSSION OBJECTIVE: When you have a deep pocket, how you spend money isn’t really an issue. But for musicians and soccer players, this is short-lived, as at times their fame is very rewarding financially, but the mistakes they make at this time have lifetime consequences. This is also true for musician, as some have made great hits that provided much financial security but have cost them a great deal as they made the wrong decisions that were not concerned about their future.
Financial experts say that what you get out must come in, or else you will get But for some people, the money getting out doesn’t come in, and so they end up bankrupt.
The aim of the episode is to talk to them about the challenges of losing all your money. How does this happen? And what are some of the lessons that they have learned about having lots of money and losing it all.
INSERT: Andile Mgxitama, invested in MMM while others were leaving it
STUDIO GUESTS: A former rich businessman from the township
A lotto winner who misused his winnings
A financial expert