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Some Things Charlie Sheen Taught Me About Money

Remember when Charlie Sheen was melting down? In 2011 he basically set his life aflame, and somehow that was a great idea to write an article.

Let’s take some of his latest comments and see what he might be saying to us about money.

“…As kids we’re not taught how to deal with success; we’re taught how to deal with failure. If at first you don’t succeed, try, try again. If at first you succeed, then what?”

Winning
Charlie, you sure?

Indeed, if you are successful with your investments and money, should you feel bad about it? Of course not, success is to be enjoyed, and if you are just that good with your money, you should be very proud of yourself, no need for false modesty, but remember investing can go bad quickly, so maybe boasting about it isn’t the best thing, just know you are successful and enjoy it.

“I don’t have a tuxedo that fits anymore because my chest and my biceps are too big.”

Indeed that is a problem, what should you do with clothing that doesn’t fit you? Should you keep it and hope it fits you again sometime soon, or donate it and buy new clothing? I tend to agree with Charlie and just not waste my money by buying new clothes, just wear what you got.

“There have to be more important things going on in the world than my past.”

Indeed, the entire global economy is still in recovery mode, China is importing more than they are exporting and gasoline is skyrocketing, I think listening to a celebrity pontificate about his life might not be the best thing to be talking about, but gosh darn it, it is fun! He is also talking about how in the Stock Market, the only thing you learn from the past performance of a Stock, Fund, ETF or REIT is how they did in the past, which may have little to do with how they will do in the future. Don’t live in the past.

“I have a different constitution. I have a different brain; ... I got tiger blood, man.”

Following the pack in your investing philosophy or methods, might seem safe, but is it the right way to go? Mr. Sheen brings up a very good question here, is it better to go with the herd, or strike out on your own. His warning about Tigers if you aren’t with the herd is very topical as well.

“Life all comes down to a few moments. This is one of them.”

Very true as well, and to live in the now, you must make sure that your debts are dealt with so that you now are not cluttered up with all the bills from your past. Very sound financial advice.

I’d like to thank Brainy Quotes for supplying me with all of this great information, and Mr. Sheen for passing on his philosophy of life so willingly.

Feel Free to Comment

  1. I actually really like the famous Sheen quote that life comes down to a few moments. It reminds me of that Eminem song: “you’ve only got one chance …”

    Well, I don’t remember all the lyrics of the Eminem song. Suffice to say it dealt with the topic of grabbing your opportunity in the moment.

    That’s a great lesson, but remember: that harder you work, the more “moments” get created.

  2. That first quote is an interesting one for Mrs. SPF and I. We are 35 and 25 respectively and aside from my father, our income is close to (in Mrs. SPF’s case) or exceeds (in my case) that of our parents and parents-in-law. We never discuss our financial situation with our parents in fear of them feeling insulted or hurt/jealous (a few instances i’ve received comments from Mom).

    We know they wish the best for us but it is an odd situation when at a young age you are doing better financially than your parents ever did. For me, i’m just darned proud about how well my Mom raised myself and my sister with very little money.

    (plug to a guest post I wrote a while back: http://www.momsplans.com/2011/01/mom-knows-best-a-guest-post/)

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