Nicolas Cage: Actor Extraordinaire

You probably live on a different planet if you do not know who Nicolas Cage is

. Nicolas Cage's credentials in the movie scene include being an actor, director and producer. You could run a very long list of quality Nicolas Cage Movies . Some of the best remembered ones include: Face Off, Christmas Carol: The Movie, Astro Boy, Matchstick Men and The Rock. His fame has made his name a universally recognized one.

Cage on Business Ventures

Several sources quote that Cage has embarked on a cartoon business. He has turned his cartoon fondness into a source of income. He was also cited into directing and producing various films. He did not settle into a mere celebrity but tried going into directing and producing various movies.

Cage's Bankruptcy and House Foreclosures

However, despite the positive images of Cage going into business and consistently making big bucks off Hollywood movies, he shocked the world into the news of bankruptcy. Many people thought that Cage was raking in enough money to get out of this financial pit. After all the successful box office hits and business gigs, it is frightening to believe that he is indeed facing the issue of bankruptcy.

The Oddity of Bankruptcy amidst Richness

Something seriously erratic in Nicolas Cage's financial management is clearly present. What went wrong that was drastic enough to pull a prominent and rich actor, businessman, director and producer into losing his houses and other properties?

1. Going over the budget - Rich or even average income individuals could go bankrupt because of this activity. This is the most common reason why people go bankrupt. Spending too much and living beyond your budget could pull you into a devastating bankruptcy that is so difficult if not impossible to get out of. It is notable to mention that Cage has spent a huge amount of money buying houses and properties in different places. Imagine putting up fifteen castle-like houses in different places. Imagine the costs of building one and maintaining them. Ordinary people would definitely get frightened by such expenses.

2. Stagnant investments - The Hollywood life is not a reliable investment. Not even a steady movie career could pay for your lifetime expenses if you are too extravagant. While you are attracting big bucks on the movie scene, it is best to invest it on something that grows. Simply letting money sit and not making investments will signal an impending doom. It is not impossible to go bankrupt if you do not have control over your spending and money habits.

by: Bill Trenders

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