July 10, 2006
Article I – July 2006
The MC Hammer Approach to Accounting.
Actually, you don’t need to know accounting at all to get a lot of money. You can do different things to make a lot of money and then spend it.So let’s look at how the famous rap star who was once a bat boy for the Oakland A’s handled his money. He made millions of dollars and the money came in the door and his hanger-on “friends” helped him spend the money.
Then when the money was gone, he said, “Oh well, I’m out of money, now what?” And his hanger-on “friends” did not have an answer. Sad, but true. A similar scenario happens to dozens of famous musicians, rock stars and athletes every year. That’s life. Learn from it.
