Edd’s MANtra: Ain’t Nothin’ Going On But The Rent

October 14, 2010Edward Bowsercelebrity dish, Edd's MANtra0

I shared on the ol’ Facebook page a week or so ago that I recently made my FINAL student loan payment. No longer am I Uncle Sam’s whipping boy.

Oh yes, playa, I’m running through the cotton fields hand-in-hand with Harriet Tubman, screaming, “We’s free now!”

…For a moment, anyway. One bill down, about five or six more to go before I’m where I want to be financially. It’s a start, right?

But for those of you still struggling to find a financial foothold like me, here’s a tidbit that will help you sleep better at night- I bet you have more money than Toni Braxton. From tmz.com:

Toni Braxton has filed for bankruptcy again – claiming she owes somewhere between $10 million and $50 million in unpaid debts all over the country … including DMVs in TWO different states.

Braxton – who sold more than 40 million albums in her career – just filed for Chapter 7 bankruptcy in California … and in the docs, the singer claims she’s only worth somewhere between $1 mil and $10 mil … but she could have up to $50 mil in debts.

At first glance, I felt bad for Toni. This is just the latest in long string of financial woes. People with too much time on their hands might recall her filing for bankruptcy way back in ’98, blaming issues with her record label. I initially assumed that Toni was getting yanked around by her label again and I was set to send a threatening e-mail to her bosses, Nas-style. Those evil executives, always throwing dog doo-doo on magical moments.

But after looking at TMZ’s list of creditors that Toni allegedly owes, I came to a more realistic conclusion – she just ain’t paying her bills.

DirecTV? AT&T? Some random air conditioning company? The Orkin man? Come on, Toni, I could have let you hold a couple of dollars to get rid of your silverfish.

The TMZ story cited some nameless source who claimed that health insurance issues tied with Toni’s canceled Las Vegas shows put her in the hole. Even if that’s true, she still should have handled her business better. I’m no billionaire but I know enough about business not to screw around with the IRS or insurance companies. They’re more gangsta than any pimp on the corner.

I don’t know why celebs have such poor money management. If times got tough and Toni couldn’t afford to pay DirecTV because her money was funny (and her change was strange) she should have just went to basic TV. If that AT&T bill gets too high, hit up Walmart for one of those go-phones – they work just as well as a smart phone. Who needs a camera on their phone anyway? Why is she still walking around in $1,000 shoes if she’s broke?

Call my methods cheap; I call them smart. Take it from me – I’ve paid off one of about 90 bills, I’m on my way to being the next Warren Buffett. Or more likely, the next Warren Sapp.

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