Why Going Broke Is Only For Poor People - How Money Works | How Money Works

Why Going Broke Is Only For Poor People - How Money Works

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Rappers, boxers and even former presidents have all gone bankrupt at one point or another and yet, outwardly, it looks like nothing has changed for them. Worse still there are people like Jordan Belfort who have been forced into bankruptcy because of the criminal nature of their fortunes, yet today are still living lives that you or I could only dream of.

So what gives? Are the rules different for the rich even when they are going broke? Or is this just another example of rich people using their army of lawyers to get out of taking responsibility.

Well, believe it or not it’s actually so much worse than that.

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