Post
Topic
Board Economics
Re: Reckless financial decision ?
by
beerlover
on 09/03/2024, 20:18:23 UTC
Do you think a celebrity who turns down a multi-million dollar deal solely because the organization doesn't allow him smoking weed is a reckless financial decision?
Keep in mind this definition of reckless financial decision - It entails when a person makes choices that involve significant financial risk or lack of consideration for the potential consequences.

What other reckless financial decision do you know or have heard of?
Maybe that celebrity has already had a multi-million dollar asset or even have a better deal with other organization or the deal might provoked his pride and principle so he/she don't bother accepting that deal but I don't really know I could be wrong on this. If that is what makes that celebrity comfortable then he/she has the right to do that as long as he/she do it legally and for me it is not a problem as it is based on personal preferences.
This is exactly what I imagined the situation to be. Even I said no to some money in my time, and it did turn out to be a bad financial decision but it required me to quit my work and work for someone else and I love my boss and didn't know them so I decided to reject that offer, turns out it would have made me a lot of money but I never regrated it, because who knows maybe they wouldn't have paid me, I am happy where I am.

That celebrity may have felt like me, he/she is happy where they are, and did not needed the money and could just keep on doing what they are doing, could have been quite normal for a lot of people who already have a chance. You need to offer someone who has nothing and must accept, and if they reject too, then maybe it is a wrong decision.