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Kayne, keeping up with the Kardashians
02-16-2016, 07:03 AM
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#1
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Thinks s/he gets paid by the post
Join Date: Oct 2002
Location: Chattanooga
Posts: 3,895
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Kayne, keeping up with the Kardashians
Pretty pricey to the tune of $53 million. Don't ever like to see anyone fall on hard times but at what point don't you understand that if you spend more than you make, you're going to be in debt.
__________________
Earning money is an action, saving money is a behavior, growing money takes a well diversified portfolio and the discipline to ignore market swings.
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02-16-2016, 07:46 AM
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#2
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Thinks s/he gets paid by the post
Join Date: Feb 2014
Location: Williston, FL
Posts: 3,925
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And despite being 53M in debt, he will always live like a millionaire+.
__________________
FIRE no later than 7/5/2016 at 56 (done), securing '16 401K match (done), getting '15 401K match (done), LTI Bonus (done), Perf bonus (done), maxing out 401K (done), picking up 1,000 hours to get another year of pension (done), July 1st benefits (vacation day, healthcare) (done), July 4th holiday. 0 days left. (done) OFFICIALLY RETIRED 7/5/2016!!
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02-16-2016, 07:52 AM
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#3
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Full time employment: Posting here.
Join Date: Mar 2010
Posts: 889
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He is such an arrogant person there will be a lot of scheudenfreud if he really goes bankrupt.
Sent from my iPhone using Early Retirement Forum
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02-16-2016, 07:54 AM
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#4
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2007
Posts: 13,228
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Who is Kayne?
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02-16-2016, 07:56 AM
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#5
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Full time employment: Posting here.
Join Date: Mar 2008
Posts: 968
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He is married- I would think that his wife has enough money to pay the bills- and would they not be both responsible? Unless of course the debt came into the marriage. Maybe he should sell the big mansion he is building and pay off his debts.
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02-16-2016, 08:06 AM
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#6
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Thinks s/he gets paid by the post
Join Date: Oct 2002
Location: Chattanooga
Posts: 3,895
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 Quote:
Originally Posted by RunningBum
Who is Kayne?
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A black rapper married to one of the Kardashians.
The guy takes himself way too seriously, IMHO.
Kim K. might consider boning up on the innocent spouse relief part of the IRC as usually these case involve tax non payment and penalties.
__________________
Earning money is an action, saving money is a behavior, growing money takes a well diversified portfolio and the discipline to ignore market swings.
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02-16-2016, 08:08 AM
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#7
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2007
Posts: 13,228
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Quote:
Originally Posted by frayne
A black rapper married to one of the Kardashians.
The guy takes himself way too seriously, IMHO.
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Oh. Kanye West. Not Kayne. Someone I have no reason to care about. Thread goes on ignore for me.
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02-16-2016, 08:12 AM
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#8
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Thinks s/he gets paid by the post
Join Date: Oct 2002
Location: Chattanooga
Posts: 3,895
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Quote:
Originally Posted by RunningBum
Oh. Kanye West. Not Kayne. Someone I have no reason to care about. Thread goes on ignore for me.
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I understand but I always like to see how these things play out. Who knows, someday I could become a famous black rapper, just one option available to those of us who are FIRE.
__________________
Earning money is an action, saving money is a behavior, growing money takes a well diversified portfolio and the discipline to ignore market swings.
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02-16-2016, 08:25 AM
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#9
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2013
Location: ATL --> Flyover Country
Posts: 6,649
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Quote:
Originally Posted by bizlady
He is married- I would think that his wife has enough money to pay the bills- and would they not be both responsible? Unless of course the debt came into the marriage. Maybe he should sell the big mansion he is building and pay off his debts.
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I think this is VERY common in the entertainment world but maybe not the degree of $53M. My wife has dealt with several entertainment folks here in the Atlanta area that have looked for high-end properties to rent and without fail, most of them have lousy credit and multiple judgments, bankruptcies and evictions. I have access to a database that is used to do background checks on folks (it's all publicly available information, this database just puts them all together) and the few celebrities I have pulled up have lots of negative stuff...it's somewhat surprising.
__________________
FIRE'd in 2014 @ 40 Years Old
Professional Retiree
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02-16-2016, 09:09 AM
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#10
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Thinks s/he gets paid by the post
Join Date: Apr 2012
Location: Nashville
Posts: 2,506
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Don't know much about the guy, but is it "negative net worth" of 53 million, or "that side of my balance sheet has 53 million on it that I'd rather not have"?
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OMY * 3 2ish Done 7.28.17
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02-16-2016, 09:20 AM
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#11
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Thinks s/he gets paid by the post
Join Date: Nov 2006
Posts: 2,288
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The song "Gold Digger" seems very ironic at this point.
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02-16-2016, 09:35 AM
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#12
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2006
Posts: 11,401
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He is imploring Mark Zuckerberg to invest $1bn in him. Pathetic!
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02-16-2016, 10:25 AM
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#13
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Posts: 5,350
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He chose to finance an 8-figure mortgage and his clothing line even though he could've paid cash for all of it. He has a net worth of $100M+, he'll be fine. He just released a new album and will do literally anything to sell more copies include tell his fans he's broke.
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02-16-2016, 10:31 AM
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#14
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2013
Location: ATL --> Flyover Country
Posts: 6,649
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Quote:
Originally Posted by aaronc879
He chose to finance an 8-figure mortgage and his clothing line even though he could've paid cash for all of it. He has a net worth of $100M+, he'll be fine. He just released a new album and will do literally anything to sell more copies include tell his fans he's broke.
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Exactly. They use the bankruptcy laws to their advantage. There is a certain real estate dude on TV that's pretty famous. He has two bankruptcies, several defaults on mortgages and at least three foreclosures...all in the last 10 years (the most recent being last November). He still lives in a house that is assessed at $2.5M and is still on TV making gobs of cash. It's how they roll...
__________________
FIRE'd in 2014 @ 40 Years Old
Professional Retiree
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02-16-2016, 10:39 AM
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#15
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2011
Posts: 8,419
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IIRC, this is about asset protection because someone who is suing him. (I might have the wrong guy but I think it's him).
If the courts determine against him, "he's broke" and has no assets so....
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Living well is the best revenge!
Retired @ 52 in 2005
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02-16-2016, 11:01 AM
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#16
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Recycles dryer sheets
Join Date: Apr 2013
Location: The sticks
Posts: 314
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I truly resent the fact that some portion of my consciousness is devoted to being aware of these people's existence.
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I’m not much on seizing the day. I just kind of poke it with a stick.
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02-16-2016, 11:07 AM
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#17
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Moderator Emeritus
Join Date: Apr 2011
Location: Conroe, Texas
Posts: 18,731
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This is one example of why I don't listen to or watch the headline "news", if you want to call it that.
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*********Go Yankees!*********
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02-16-2016, 11:17 AM
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#18
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2011
Posts: 8,419
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Quote:
Originally Posted by chilkoot
I truly resent the fact that some portion of my consciousness is devoted to being aware of these people's existence.
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+1 Every minute of my life focused on these fools is a wasted minute; and I have limited minutes!
__________________
Living well is the best revenge!
Retired @ 52 in 2005
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02-16-2016, 01:18 PM
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#19
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2011
Posts: 8,368
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Quote:
Originally Posted by marko
+1 Every minute of my life focused on these fools is a wasted minute; and I have limited minutes!
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I'll add my +1 to yours for the original comment, and another +1 for your post!
__________________
"Exit, pursued by a bear."
The Winter's Tale, William Shakespeare
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02-16-2016, 01:51 PM
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#20
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Thinks s/he gets paid by the post
Join Date: Mar 2015
Location: philly
Posts: 1,219
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Joan Rivers said it best "bad publicity is better than no publicity" or she's credited with saying it.
I think he's lying. I think he hasn't done anything stupid to stay in the news in a while and he's afraid Donald is upstaging him.
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