3. Gary Coleman: No Involvement In His Own Finances
Gary Coleman’s fame started out during his childhood. He was just ten years old when he started acting on Diff’rent Strokes. As such he was not in charge of his money. His adoptive parents and an adviser took care of all of it. Even into his early adulthood, he knew little of what was going on with the money he had earned, until he ultimately realized that those he trusted to watch and grow his money had raided his trust fund over the years. The lesson here is, teach kids about money at an early age, and for God’s sake always be in charge of your own savings, or at least trust the people who are. In Coleman’s case, his parents were partially to blame, so he was pretty much in trouble from the start.
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