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He ruled the music world for almost a whole century. Some hated him, others liked him while others mimicked him but all said and done, Michael Jackson will remain a legend. His rare talent in music will be celebrated by many for a long time to come. This is amazing because other musicians die out two years into their music careers. Today if tributes were to be paid in monetary value Michael would be a tycoon even in death.
The important lesson we should all learn from Michael Jackson is to start early. Thanks to his parents who identified his talent early enough and nurtured it.
Despite incurring huge debts - it is said that Michael was $ 400 million in debt- one fact is that he made millions of dollars from his music. The royalties from his music brought him millions. Before the 2005 child molestation trial Jackson had a lot of assets amounting to over 20 million dollars.
Michael came close to losing his Neverland ranch for failing to pay his workers and was fined by California authorities for this. He even wanted to auction off two thousand items in Neverland though it was later canceled. The concerts he was planning before his death proved his desperate efforts to make a comeback and regain his financial standing. This he should have done earlier.
Poor financial management led to his economic downfall and therefore each one of us should be careful of the way we live our lives. We should be moderate in our expenditure, taking care to save and invest for the future.
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