Wednesday, March 21, 2012

Is It Stupid If You Can Afford It?

"They cost how much!!!!????"
Lil' Wayne was spotted at last month's NBA All-Star Game with custom Beats by Dre headphones on his head. The headphones, which were made with 114 carats of diamond by Graff Diamonds, were worn courtside by the rapper with a value of over $1 million dollars. Yes, you read that right.

Now, why someone would wear headphones to an all-star game is beyond me, but maybe he likes listening to music in crowds. The average person would read this and say that "it's the dumbest thing they've ever seen." They would probably also say that "only an idiot would spend that much money on headphones."

However, Lil' Wayne is rumored to be worth roughly $85 million dollars, so will this $1 million hurt him? Only if he allows himself to fall into the same traps that an Allen Iverson (blew $200 million) or MC Hammer (lost $35 million) did when they threw away their bucks. Iverson played 15 seasons in the NBA and was rumored to never take luggage on road trips. His teammates have even said that he would buy a new wardrobe in every city and just leave everything he bought in the hotel room when they left. MC Hammer had a waterfall in his swimming pool on top of buying elaborate gifts for his dance team (Rolexes, cars, etc.)

Lil' Wayne has been reported to own close to $4 million in vehicles and another $6 million in jewelry. That's $10 million dollars out of $85 million. Does he own property? Does he have investments? Who knows? He's rumored to be pretty smart with his money when it comes to making dollars from producing other rappers. Only time will tell if he goes broke or not.

Is it stupid if you can afford it?