How MC Hammer Lost $33M: The Money Lessons You Need to Know

Everyone's Talkin' Money

Shari Rash

Business, Self-improvement, Education

4.6 • 631 Ratings

🗓️ 8 January 2025

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

MC Hammer went from being worth $33 million to filing for bankruptcy with over $13 million in debt—just six years after his peak. But his story isn’t just about parachute pants and wild spending; it’s a cautionary tale for all of us about the dangers of lifestyle creep, overspending, and bad investments. In this episode, I break down Hammer’s rise, fall, and reinvention, exploring the financial mistakes that led to his downfall and the lessons we can take to avoid the same traps. You’ll learn: Why lifestyle creep is the silent killer of wealth. The importance of understanding your investments before diving in. How to build a financial cushion to protect yourself when life gets unpredictable. Plus, I’ll share what happened to Hammer after bankruptcy and how he rebuilt his life, career, and purpose. Whether you’re earning $30,000 or $300,000, the same principles apply: smart decisions, living within your means, and planning for your future. This episode is packed with actionable insights to help you take control of your finances and avoid financial disaster. LINKS Preorder My Book: Unraveling Your Relationship with Money – Learn how to heal your money story, avoid financial mistakes, and build lasting wealth. Podcast Episode Mentioned: Setting Money Intentions for 2025 – Listen Here. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hey Harry.
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0:30.1	Iron Hard has arrived on Disney Plus.
0:32.8	What has gone all with you?
0:34.7	From Marvel Television, an executive producer, Ryan Coogler.
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0:42.6	I joined a crew of criminals, and now I'm about to get killed by a deranged man in a cake.
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0:50.5	You've bitten off a hell of a lot more than you can chew.
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	...

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