How come most celebs/influencers go broke with in a short amount of time earning a couple million? Why not invest in local stores or offer money for a percentage of said store why not perpetualy money

https://lemmy.world/post/44836855

How come most celebs/influencers go broke with in a short amount of time earning a couple million? Why not invest in local stores or offer money for a percentage of said store why not perpetualy money - Lemmy.World

Lemmy

Celebrities tend to have very unpredictable cash flows, but most things the wealthy spend money on (including local investments, etc.) come with loans that need to be paid regularly.