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Here in the personal finance world, many have been looking at Michael Jackson as an example of what not to do. Though a talented performer, Michael Jackson was not nearly so savvy when it came to money. His financial legacy reminds us that, ultimately, in order to enjoy true financial freedom, it is important get back to personal finance basics: Earn more than you spend. Keep track of your outflows. Don’t buy things you can’t afford (especially high-priced, luxury items). Use debt as sparingly as possible. Set aside money for the future. Plenty of personal finance folks have written about Michael Jackson and his financial legacy. Here are some of the highlights of the financial coverage surrounding the King of Pop: MoneyEnergy provides a parody... [read full story]
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