Kerry Katonas bust

No, not like that....... I mean she has been made bankrupt!!

This is not unusual, there are a host of celebrities that have been made bankrupt; Mike Tyson, Michael Barrymore, Burt Reynolds and even Ken from Coronation Street!

There are a whole host of reasons for celeb bankruptcy and every case is different. One thing that celebrity bankrupts often, although not always, have in common is that they have come from unprivileged backgrounds and have earned a huge amount of money in a short period of time.

Coming from a humble background is often a motivator and has inspired many people to great financial feats, including 2 of the first super rich at the end of the 19th Century Andrew Carnegie and John D Rockeller.

It can, however also affect how people deal with their wealth. It can lead people to believe they don't deserve that wealth, as if only the privileged deserve to be wealthy. Of course this is absolute nonsense but often means people spending money as fast, or faster than they get it. The result is that after a short time they are poor again and therefore justifying everything they unconsciously think about themselves.

Once again proving that until we get our mindset right it doesnt matter how much we earn.

For details of one of our courses near to you showing you how to get the right mindset email me at steve@ukwealthcoach.com