Lindsay Lohan | CelebrityMooch

Celebrity Money Mistakes You Can Avoid

Posted by MoochMan on Feb 11th, 2012 in Celebrity Oops, Lindsay Lohan | 0 comments

In spite of their high paying professions and very high profile careers, celebrities are human and they have money problems just like everyone else. Here are the top celebrity money mistakes so you can know how to avoid them.

Always Pay Your Taxes

One big mistake that celebrities like Willie Nelson, Richard Hatch, and Lindsay Lohan have made in the last 30 years has been not paying their taxes.

What happens when you don’t pay taxes? Back taxes can accrue and you can be held liable for any interest or penalties due to “Uncle Sam” on top of the taxes that you already owed.

If you think that you may owe taxes for the previous year it’s always best to visit your local accounting office and get your taxes done early. This step will save you the hassle of having to take out loans to cover your tax bill later on.

Always Know Where Your Money Is Invested

Many celebs from Uma Thurman to Billy Joel have turned to financial managers to help them with managing their large incomes as their careers grew and what some of them have in common is losing hundreds of thousands of dollars thanks to bad investments that their financial managers made. If they would have known where their money was going they could have saved a lot of money, time, heartache and used those funds elsewhere.

Don’t Be Stupid, Live Within Your Means

One common mistake that celebrities like Nicholas Cage have made over the years is indulging in a lavish lifestyle when the money is rolling in but as their careers started to decline over the years they face the hard reality that they can’t maintain the cost of their lifestyle and poor financial decisions end up driving them into bankruptcy.

To avoid a Nicholas Cage financial mistake you should always live within your means every year. For example: if your job pays a salary and commission or bonus, you should only live off the salary and then invest the commission or bonus. This will enable you to invest, get into retirement planning and avoid getting into financial traps like taking out online loans on your house later on to pay for your lifestyle.

Keep an Updated Will

Not every celebrity lives to be in their 80’s, a good example of this is Heath Ledger who passed away when he was in his early 30’s. Unfortunately he neglected to update his will and he left his baby daughter out of his will.

Tags: Finances, Mistakes

Lindsay Lohan’s Nude Threesome Photo Shoot for Muse Magazine

Posted by CelebrityMooch on Dec 8th, 2009 in Lindsay Lohan, Naked Nude | 1 comment

Lindsay Lohan poses with a male model and one of Madonna's dancers in a menage a trois photo shoot inspired by Kate Moss and Johnny Depp for the January 2010 issue of Milan's Muse Magazine.

Tags: Lindsay Lohan

Lindsay Lohan booed at F1 Rocks, Singapore

Posted by CelebrityMooch on Oct 19th, 2009 in Lindsay Lohan | 0 comments

Lindsay Lohan booed at F1 Rocks, Singapore! Like we didn't know this was gonna happen. You know you're a Hollywood has been when freaking Singapore boos you.