Money Fallacy #1: The Checks Will Not Always Come

Consider two artists: MC Hammer and Chamillionaire. Most people know the former because he famously went broke in the 90s despite earning millions of dollars. It’s a good case of money fallacy that many people who earn well often ignore.

MC Hammer made 37 million dollars. But he spent 50. And when he declared bankruptcy in 1996, he had 13 million dollars of debt.



Author & investor | Wise & Wealthy is my popular weekly newsletter full of proven ideas to become smarter and wealthier | Join:

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store