Nicolas Cage, star of the movie "The Rock", is selling real estate at rock bottom prices

MORE CELEBRITY LESSONS	Looking to save $25 million? Nicolas Cage, star of the 1996 movie "The Rock" is now selling luxury real estate at rock bottom prices! This past week was his real estate auction. It made the news because 1) he is forced to sell due to his current financial situation and 2) his Bel-Air Tudor mansion originally cost $35 million, but he was hoping to sell it for at least $10 million. We didn’t see anyone making offers, but we did learn a lot more about Cage’s spending habits. It turns out that instead of combining coupons with sales at Target and CVS, Cage was out buying exotic possessions, such as islands, a number of mansions, boats, a jet, a Lamborghini, actual shrunken heads, the skull of a dinosaur, and an octopus. The list of outlandish items goes on and on. Cage has already filed for bankruptcy. However, remember that bankruptcy doesn’t include taxes unless certain criteria are met! It was also noted that with all the time spent buying things Cage didn’t have time to pay his taxes. The IRS is demanding over $6 million in back tax from 2007, and other sources are saying he still owes up to a total of $14 million in tax. What can we learn from Cage’s over the top spending habits? Some people overindulge in buying things for the same reasons others gamble, drink, chase women, or take drugs. Something is missing in their lives and they are looking for a way to fill that hole. The problem is that these quick fixes actually widen the hole and create even more dissatisfaction and distraction in your life. What is missing in Cage’s life? He didn’t just fill his life with nice clothes and furniture; these things were sometimes on the outlandish side such as the 2 vintage Rolls Royce vehicles he leased for about $11,000.00 a month. Do you think Cage is still enjoying the initial thrill of making luxury purchases? Why not find positive, life enhancing things to create fulfillment in life? We are all human and will be faced with challenges that take an emotional toll on us. Sometimes the need for a release opens us up to poor choices, like spending ourselves into bankruptcy. If you need a sense of fulfillment or satisfaction in your life why not look for the opposite of negative behaviors like over spending? My favorite is aggressively finding incredible deals that save money instead of just spending money on the things I want and need. Balance is key, but as humans we are drawn to extremes sometimes. If you have to zealously do something, do something that builds quality in your life. Leave a comment about this article. http://www.worstpreviews.com/headline.php?id=17062&count=0 http://ca.eonline.com/uberblog/b175529_nic_cage_just_too_tacky_rest_of_us.html http://www.eonline.com/uberblog/b154168_this_what_nic_cage_spends_those.html For more celebrity profiles visit the Celebrity Financial Lessons Archive! Also, readers are always welcome to join me at LinkedIn!
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Bankrupt Nicolas Cage is selling off exotic possessions at rock bottom prices