#1
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David Cassidy assets: $150,000
Wow, all those years, records, tv, concerts, and down to $150k at age 67. So sad.
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Martin 00018 |
#2
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When was DC big? Early 70's? That's somewhere around 45 years of living off of a couple years work. Do the math.
That said, he almost accomplished my final goal in life; ''to have the last check bounce''! |
#3
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Well,figure $700,000for food, housing and necessities. Add about $7 million for blow, it adds up.
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#4
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financial goal is to "die broke"......if you're going to leave money, leave it before you go. Use up every penny (including giving away) and don't leave any for other people to sort out. Conversely don't go broke before you die (if you can help it)
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Fazool "The wand chooses the wizard, Mr. Potter" Taylor GC7, GA3-12, SB2-C, SB2-Cp...... Ibanez AVC-11MHx , AC-240 |
#5
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Shoot, being 61 and used what I had in savings to keep my house during the recession I would be ecstatic to have $150,000 in the bank,
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Alvarez AP-70 Squire Contemporary Jaguar Kustom Amp (acoustic) Gamma G-25 Amp (electric) |
#6
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I have recently discovered that there are allot of bills to pay when a person passes. And then the taxes have to be paid.
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Waterloo WL-S, K & K mini Waterloo WL-S Deluxe, K & K mini Iris OG, 12 fret, slot head, K & K mini Follow The Yellow Brick Road |
#7
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David Cassidy assets: $150,000
If a persons assets are $150,000.00, with no liabilities, that would be pretty good for many people. How much does he owe?
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#8
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What's really sad, is for every entertainer like him, who leave the building with 150K behind to squabble over, there's probably several dozen who die with nothing but debt, with repossessions of their gear & car, for their loved ones to remember them by.... Don |
#9
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Seems like his head outgrew his body at some point also. |
#10
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Drugs and divorce are very expensive habits.
Poor guy. |
#11
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Most folks in the US NEVER have $150K saved. And, a few years ago, I read that 50% of people over 50 (in the US) have less than $50K saved. And let's never forget that most folks in the US are much better off than people in the rest of the world. MUCH better off.
Yes, with the cash that came into his life, I would expect that more of it would have been set aside. Still, I am not sure whether this is "sad" in some objective sense. Maybe more poignant? I am happy that at least a few of us responding to this thread seem to be in a better position than that. |
#12
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#13
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While i am sure that some people have lots of wealth stashed in illiquid assets such as their homes, it is necessarily less than 65% of the population. Considering all of these stats together, it is hard for me to assume that "lots of people"; defined as a meaningful percentage) with less than $50K in liquid assets (stocks, bonds, cash) have substantial home equity that truly softens the picture. More likely, the folks that have significant equity in their homes also have other assets totaling more than $50K If you dig into the statistics on income, savings, home values, poverty, etc., I think it is very clear that many, many folks in the US will never accumulate $150K in assets. Nor will they own homes. So again, Cassidy's financial situation is not objectively sad, IMO. Other things about his life might well be sad, of course. I don't know much about him or his life...though I understand he penned a controversial autobiography, so I guess the info is there to be had. |
#14
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I'm not disputing buddyhu's point, just pointing out some flaws in the data.
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Rodger Knox, PE 1917 Martin 0-28 1956 Gibson J-50 et al |
#15
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