Fantasia Loses Mansion In Foreclosure After Wasting Money On Married Man

Fantasia

American Idol winner, Fantasia Barrino, is the latest star to lose a property to foreclosure. Rather than fight the foreclosure, Fantasia signed the $1,100,000 North Carolina house over to the bank. This marks the second time it entered foreclosure territory. Barrino even tried selling the house for $500,000 less than she purchased it for, but there were no takers.

Problems occurred when Barrino began living beyond her means and wasting money. The Judiciary Report has consistently written that people should save their money, not spending it all at once, expecting more will roll in.

Fantasia bought too many luxury vehicles and designer clothes. To make matters worse, she began wining and dining a married man, Antwaun Cook, buying him expensive clothes and taking the adulterer on lavish vacations. Said money could have gone to paying her mortgage. Another option would have been renting out the property.

Fantasia's foreclosed home

With all the single men about, Fantasia should have chosen one of them and saved her money. The Judiciary Report stated from the start Cook did not love her and was only with her for the money and fame. Now one’s gone and the second is fading.

Due to my dad’s job and that of many of our family friends, I’ve seen and heard about many stars hitting hard times, after being famous. That’s how the industry has always worked. One minute your up and the next, not so much.

To survive fame, you have to keep your wits about you, save your money, pick safe investments and do not indulge in vices such as drugs or end up on the scrap heap, broke and broken like so many before you. When you think about it, fame can be a sick game.

Don't Let Her Bankrupt You

Relationships can be difficult. Finding the right person for you, especially when you have money, can be tricky. Some women are shameless gold diggers. They use their looks to get men they do not really have feelings for to get to their money. Women of all races have done this, rather than supporting themselves. It really isn't fair to deceive a person that you care for them, when you're after their money.

One woman I know married a man twice her age because he has money, but she's not in love with him. They are as unhappy as can be. That's not to say people with age differences can't fall in love and marry, because they do all the time and some happily make it work. Older men often have their act together in terms of knowing how to treat a woman, where as younger men are sometimes immature.

There's a guy I know whose girlfriend is using him for money. All of us can tell she is using him for his money, but for some reason he is not getting the picture. She's always asking him to buy her stuff - everything is "get me this" "can I have that" "I want this" "buy me that" or "I need this." She is slowly but surely bankrupting him, as he has racked up some serious bills trying to make the gold digger happy. And when she does bankrupt him, we his friends, will have to help him out.

But men do this as well. One of my friends has a lot of money, but you would never know it as she lives a fairly modest life. However, as my family helped her with a financial transaction, we know she has a lot of money hidden all over the place. She is very shrewd and the one boyfriend that tried to burn her in the area of money proverbially got dragged through court upside down for it. We haven't seen him since (LOL).

However, another of my friends fell in love with this guy, who was a salesman. She thought he cared about her, but he was using her. She is a very giving person with a kind heart, so to help him with his job, she used $10,000 of her life savings to buy from the company he works for, as he would get the commission for the sale. I never trusted him and begged her four times not to spend the money, telling her to save for a rainy day (especially in this economy).

He led her on and they dated. She was happy for a little while and I was happy for her, but got a bad feeling about it. She bought him an expensive mobile phone because he said his was giving trouble. One day she came to me asking about buying a computer, because I'm the tech expert in our circle of friends. I told her she didn't have to buy the high-end computer she was asking me about and I'd get her a good low priced built one that does all the same things. Then she told me it wasn't for her, it was for him and the high end computer is what he requested. Oh, I nearly lost it. I walked her right out of the computer store. I don't like it when people take advantage of my family or friends. 

Usually I'm very polite, but the one time I met him, I was giving this dude some serious "side eye" (I was staring him down like my name was Suge Knight) because I like to follow my instincts and got a bad vibe about him. Months later, she found out he is married with kids...this is after he borrowed money from her, on top of what she gave him in sales. She was devastated. People don't think when they use others it has an emotional effect, while some just don't care, only in it for themselves.

The sad part is her boyfriend before him was nicer, did thoughtful things for her, got along with everyone and anytime anything went wrong, he was always there for her. Thankfully they got back together after she gave the married male gold digger the boot.

In closing, I'm not a materialistic person, but in this world money is a factor. If you're in a relationship, it's great to be kind, generous and loving with each other. Just make sure you aren't being used and taken advantage of by someone who really doesn't care about you, only about your money. Because when your money is gone, they will be too.

The Government Needs To Cut The Defense Budget And Divert Funds Into Helping The Poor, Students In Need Of Scholarships And Small Businesses

Barack Obama

The U.S. government sequester threatening programs that benefit the poor, could have been easily resolved, had the defense budget been adequately cut. Other world nations have been cutting their defense budgets during the ongoing financial crisis, but the cuts suggests in Washington are paltry at best.

The real war in the world right now is an economic one and Washington is losing. Other emerging economies such as China, India and Brazil, have made great strides, while Washington continues to focus on military spending. Economic clout has surpassed military might in the world.

Money wasted by Washington on bloated defense budgets and the FBI illegally spying on hoards of citizens while its officials fly, work and live in luxury, could go to helping the poor in America, creating new scholarships to help the next generation of American business people compete in the world and to aid struggling small and mid-sized businesses. Taxpayer money is going to the wrong endeavors and it is weakening the country.  

President Obama Slams Spending Cuts Labeling Them 'Dumb'

U.S. President Barack Obama is angered that $85 billion in budget cuts have gone into effect, due to the much talked about sequester. The president referred to the budget cuts "dumb." However, as much as the president is not in favor of the budget cuts, the government is spending too much money.

Barack Obama

It's a bad sign that even with the economy still facing tough times, members of Congress are unable to compromises, having to force their plans through, as opposed to coming to a mutual agreement. Both political parties are guilty of this.

Lindsay Lohan In More Tax Trouble For Non-Payment

Recently it was announced that trouble prone Hollywood actress Lindsay Lohan owes the U.S. Government $235,000 in back taxes she refused to pay, despite earning enough to do so and meet her other financial obligations. After pimping herself out to actor Charlie Sheen, another industry train wreck, but one that managed to hold on to some of his money, Lohan was given $100,000 to pay down her debt.

However, today is has been announced, Lohan is in more tax trouble, as newer taxes she refused to pay, this time to the state of California, in the sum of $57,000, have been added to her tab. When the government sees her renting luxury homes for $10,000 per month, buying designer clothes for tens of thousands of dollars and renting sports cars, but not paying her tax bill, it will infuriate them, causing them to come after her.

It's time for Lohan to live within her means, as no one believes she is as rich as she once was and in trying to keep up appearances rather than meet her actual obligations, such as taxes, she is doing herself more financial injury and turning off potential employers.

Lindsay Lohan Moves Back In With Her Mom But Now Their Home Has Been Hit With Foreclosure Papers

Lindsay Lohan

Lindsay Lohan's financial woes continue. After selling her body as an escort and living the high life for a couple weeks, actress Lindsay Lohan has crashed back down to earth once again, after moving back in with her mom and their $1,300,000 Merrick, Long Island (New York) family home being placed in foreclosure.

Sorry, I have no pity for Lohan in this manner. I've helped people with financial problems, in assisting them with navigating through the legal system and negotiating with banks to save their homes, but these were hardworking everyday folks doing what they were supposed to, but due to the economy, saw their salaries decrease.

Lohan, however, is a spoiled actress with entitlement issues that blows every dime she gets. Several months ago she was given $300,000 to star in the television film "Liz & Dick." But rather than buy a sensible condo in Los Angeles for $200,000, she opted to blow the money living the high life in a Beverly Hills rental home and at the Château Marmont hotel, where suites run from several hundred to thousands of dollars per night. You're not Bill Gates. Living at the Château Marmont was not a good idea for you.

Not to mention, when the IRS saw her living it up at the Château Marmont and driving around in a $100,000 Porsche (albeit a rented one she wrecked) and not paying her taxes, they froze her bank accounts. This led to her having sex with fellow cocaine addict Charlie Sheen, who gave her $100,000 to help reduce her $250,000 tax bill.

Lindsay Lohan's family home is in foreclosure

In December, Lohan became an escort to a rich Arab man, who paid her $75,000 for her, um, escort services for New Years Eve. He allowed her to stay at his family's hotel for two additional weeks with her drug addled mom, before giving her the boot.

Now Lindsay's back home with her mom. However, that security was short-lived, as she and mom, Dina have been foreclosed on by the bank, who seek to seize her childhood home.

There's a lesson to be learned in her story. I keep writing about it and while some listen, some don't believing they have everything under control. When you receive a check, learn to save some of your money, as you never know what could happen. Don't blow it all living the high life, expecting the money will always pour in. Not to mention, that same high life some are living is destroying their name to the public and in the business world.

Getting drunk and or high and or being sexually ambiguous or promiscuous will destroy many potential endorsement deals and sponsorships, as product makers and services never know what said celebrity will say or do and the impact it could potentially have on their products.

They don't know how to brand someone engaging in said behavior and avoid celebrities attached to it. That wild behavior won't seem like fun when you're saddled with addictions, can't pay your rent or mortgage and lost several hundred thousand to millions of dollars in the long run in work and endorsements, simply because you were cutting loose in public. You need to stop. You're hurting yourself.

Furthermore, to opt for living in a hotel for weeks and months, rather than using that same money to buy even a small condo, is not a good idea. Spending your money on flash cars and clothes, then not being able to pay for where you live is also a bad idea. There's nothing wrong with buying small. There's nothing wrong with getting a one bedroom house or condo. Trying to keep up appearances in a massive mansion or mega hotel suite you can't afford in the long run, will bankrupt you.