Three Celebrity Financial Flops: Lessons From the Rich and the Famous

Money Rehab with Nicole Lapin

Money News Network

Education, Self-improvement, Business

4.4 • 1.4K Ratings

🗓️ 29 August 2025

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

What do 50 Cent, Nicolas Cage and Kim Basinger have in common? They all had high-profile bankruptcies that left lessons all of us should incorporate into our financial lives. Today, Nicole takes us through what went wrong, so we can get it right. This podcast is for informational purposes only and does not constitute financial, investment, or legal advice. Always do your own research and consult a licensed financial advisor before making any financial decisions or investments. All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS. Cryptocurrency is highly speculative, involves a high degree of risk, and has the potential for loss of the entire amount of an investment. Cryptocurrency holdings are not protected by the FDIC or SIPC. *APY as of 6/30/25, offered by Public Investing, member FINRA/SIPC. Rate subject to change. See terms of IRA Match Program here: public.com/disclosures/ira-match.

Transcript

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0:00.0	Support for today's episode comes from Square, the easy way for business owners to take payments,
0:04.6	book appointments, manage staff, and keep everything running in one place. On this show and in my
0:10.1	books, I always talk about how important it is to have multiple streams of income. But how do you
0:15.1	actually go from hobby to hustle? The answer? Square. I have seen it so many times in real life. Just this weekend at the
0:22.1	farmer's market, there was a mom selling banana bread. We love banana bread. And I could not
0:26.9	resist. In the past, I might have missed out because I never carry cash. But with Square, she
0:31.9	was able to take my card in seconds. I got my delicious treat. She got paid and neither of us
0:37.4	had to stress. With Square,
0:38.9	you can get all the tools to run your business with none of the contracts or complexity.
0:43.9	And why wait? Right now you get up to $200 off Square hardware at Square.com slash go slash
0:50.5	MNN. That's square.com slashO slash MN as in Money News Network. Run your business smarter
0:59.2	with Square. Get started today. I am so excited you head up to Big Sur with my husband this fall.
1:05.7	We are celebrating our anniversary. And while I will miss the little mush so much, we are also really excited to have
1:13.9	a little parents time. We deserve that. But you know, it got me thinking about this feeling
1:18.3	when you walk out of the door for a trip and you wonder what your blaze is doing while you're
1:22.4	gone. Well, it turns out it could be working for you. I've been hosting on Airbnb for forever now, and I tell all of my friends to do the same,
1:30.6	because it's an amazing way to make passive income from an asset you already have, your home.
1:35.7	But some of my friends who are super busy worry that hosting on Airbnb would feel like
1:40.0	having a second job.
1:41.6	And that's when I tell them about Airbnb's co-host network. Anything you don't
1:45.2	have the bandwidth to do, a co-host can handle for you. They can create your listing, manage
1:50.3	reservations, manage guests, provide on-site support, even handle design and styling. So whether
	...

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