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Why they have trouble making ends meet

Posted by Donny on April 23, 2003 at 13:10:06

In Reply to: Re: Family finances -- update posted by Joseph on April 23, 2003 at 11:35:28:

Good points and good question. I suspect that it's a case of very poor money management. They have their business principals all backwards and probably sink lots of money into "black holes" that the spirits whispering in their minds tell them to sink money in.

Now someone really cynical might say that they're short of cash because the fat cats at the top are siphoning too much off to their contingency-emergency-retirement funds. That may be true to an extent, but overall I suggest that they have very poor money management skills. Here they've produced videos, music tapes, etc. that sell at comparable commercial value, and have sunk a million into the Activated Program, yet they're about running on empty.

Like you say, simply a downturn in the economy should not account for them doing so poorly.