What do Michael Jackson, Bernie Madoff and the Global Warming Bill have in common?
Lack of due diligence.
Michael Jackson allegedly got some very bad financial advice. We covered that teeth gnashing problem in yesterday’s post. Bernie Madoff has left a lot of smart investors without anything.
ABC News is reporting Madoff victim Kathleen Bignell is living off of social security now and had to tell her 89-year old father there isn’t enough money for his burial.
The Global Warming Bill was quickly passed yesterday by the House without many people having had the opportunity to read it.
Most of us don’t know what’s in there, but I have a feeling we’ll eventually find out- after it’s too late and our taxes go way up.
So what’s my point?
We need to take control of our own economic destiny. We need to read and know everything, down to the smallest details, that affect our bottom lines.
We can’t put our money and our real estate properties into any one’s hands, no matter how capable they are, and just leave them. We have to be on top of everything.
As for contracts- like the Global Warming Bill- we just never sign anything unless we have taken it apart syllable by syllable.
Here is another source about Palm Beach and the Madoff Scandal I thought you would be interested in.