|Quote, originally posted by VdubChaos »|
|I don't get how ANYONE pays ANYONE to manage THEIR money.|
I can understand company, but personal?
In my eyes, there gets to be a point where you have so much income that managing it yourself would become a full-time job in and of itself so that hiring someone to take care of it for you (under your terms and conditions) makes the best financial sense.
Streams of income coming from investments, sales, various companies and LLCs, property management firms would get to be quite overwhelming for one person to direct to various funds for safe-keeping, trusts for children, living expenses, etc.
The owner of my company dips into all manner of investing, rental property (large) ownership, and god knows what else. If he had to sit in front of a computer all day managing the different sources of income and directing it properly(assuming he could properly use a computer and the internet), how would he be able to be on the phone and road all day, making the next deal?
Even if a celeb (of any nature- sports, movies, tv, etc) was smart enough to do this themselves, why would they want to? They could be out enjoying life or making the next deal for themselves.