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Financial Education Week (FEW) is an independent, not-for-profit national initiative, jointly set up by Association of International Wealth Management of India (AIWMI) & National Institute of Securities Markets (NISM) to promote the importance of financial literacy, from 22nd January to 26th January I am Starting series on Financial Literacy topics.
Boris Becker had it all — six grand-slam tennis titles, models hanging off his arm and luxury houses all over the world.
At the height of his career, the German ace had amassed a reported $63 million in prize money and sponsorships, but now the man once known as “Boom Boom” for his ferocious serve has gone from boom boom to bust.
Now 49, Becker was declared bankrupt by a British court Wednesday, capping a fall-from-grace story that saw the one-time wild child go from Wimbledon champ to walking headline by blowing through money, women and business ventures in retirement.
His lawyer pleaded for more time and “one more chance” to make good on debts he has racked up in retirement.
But the judge said, regretfully, the man she had once watched dominating center court has already had plenty of chances.
“One has the impression of a man with his head in the sand,” Registrar Christine Derrett said.
Source gssalliance.com
Life has come full circle for Sushil Kumar, winner of the fifth season of Sony TV’s popular game show Kaun Banega Crorepati (KBC) in 2011, the first one to offer Rs 5 crore as prize money.
A little over three years after he was declared KBC winner, the small-time computer operator from Motihari in north Bihar acknowledges that the spotlight is long gone.
Kumar is ‘jobless’ – not even as gainfully employed as his pre-KBC Rs 6,000 per month computer job with MGNREGA, the rural development ministry’s job generation scheme.
“What I am left with now is very little money, no career prospect and a whole lot of disappointment”, Kumar told HT on Wednesday.
As long as he basked in the glory of KBC’s victory, offers to endorse a few products and an invitation to be the brand ambassador of the rural development ministry came his way.
*The above news of Boris Becker, Six times grand slam winner and one of the most successful tennis player, becoming bankrupt, and winner of 5cr. is now jobless sends one of the most powerful message to all the youngsters of today.
“Success is never permanent. Plan well when the sun is shining coz failing to plan is planning to fail. “
Financial management is the most crucial lesson one should learn in these uncertain times.*
Source hindustantimes.com
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