Fergie

I’ve been reading over the past couple of weeks how the Duchess Of Fergie is in debt – the estimates being between two and six million dollars. In the course of this discussion, let us go with the lowest of the two amounts.

$2 million?! TWO MILLION DOLLARS? How the hell do you get $2 million into debt(*)? That’s more than some small countries! It’s surely not an easy thing to do. I know if I tried that on my Mastercard they’d pull it after a couple of grand.

Okay, we all have to accept that it’s hard living with virtually zero income. In this case "zero" is a mere $460,000 a year, in fact. But really, if you looked at your personal finances, and saw something like this:

  (per year)
Income $460,000
Spending $1,200,000
= Defecit $740,000

… it could be time to start reconsidering your lifestyle.

(*) In the event that time has passed somewhat and you’re reading this in the year 2200 and thinking "but $2 million wouldn’t buy a stamp!" then just take it from me – in 1996 it’s a bucket load of money, okay?

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