Sadly, but by now we have all heard of the untimely death of Michael Jackson.

While he led a very interesting life and career, his death also is interesting for many reasons:

The 50 shows he sold out in record time at the O2 arena.

His life and career being seen so publicly.

The accusations that made the headlines.

And also, the amount of money he earned and also spent.

It has been stated and written that at the time of his death, Michael Jackson had many, many millions of Dollars/Pounds of debt.

The O2 shows were to get him out of debt.

There also has been put forth the idea that because of the debt situation he had and that he needed to do these shows, caused him a lot of stress and was in part, what caused his death.

Of course we may never know exactly what possible situations brought on his death, but for most of us, having financial issues and the stress associated with them can be a problem.

So we are not alone, even the greats, the icons, etc, can be in debt and feel the stress it can cause.

I have previously written and listed some famous bankrupts over the years, and one thing that has been shown for many people is that you will live to your earnings.

You will spend what you have.

If you earn millions, it may cost you more for various things you may need, such as security, transport to various places around the world, etc; so if you earn millions, you may very well spend millions.

Also, as I had previously written about, many of the rich are seeing their fortunes dwindle due to the markets and issues within the economy.

Saving is an art form, it really is, and something that needs to be taught and shown to our children so they can make changes to not find themselves in the position many people now are in.

Including our idols and icons.

The ramifications of Michael Jackson’s death are huge, not just to the many who held tickets to the shows, but also to the insurers and re-insurers for the tour, O2 staff who would have worked, the vendors selling merchandise, travel agencies who booked flights, etc.

The trickle down effect here is more like a river.

Knowing all this in itself causes stress, couple that with being in debt, and who knows.