Ed McMahon fighting foreclosure on his Beverly Hills home

[CheezeFlixz]

With the kind of money this guy has made over the years, should his house be paid off by now?

http://news.yahoo.com/s/ap/20080604/ap_on_en_tv/people_ed_mcmahon

[asimpson2006]

I guess him trying to see if he wins the Publisher's clearing house grand prize drawing is probably not going to help him much here.

[Raffine]

I feel bad for McMahon simply because it's sad to see anyone, particularly someone who is elderly and in poor health, in this situation . . .

BUT

I've often been told I simply don't understand how things are for the (formerly) wealthy and how they are expected to maintain a certain life-style and such, but I know if I had made half as much money as McMahon I would have a home that was paid for and at least tried to squirrel some cash away - and not blown it on solid gold cigar clippers or whatever.

I guess I should have more sympathy for these celebrities who suddenly find themselves in such terrible financial situations - but I don't.

[Ed, Ego and Superego]

I don't either, sports figures and the famous should really realize that their fame is transitory and they should plan for when their star falls.  Save on a solid gold car and open an investment account.
-Ed