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Financial lessons learned from Charlie Sheen

What's Charlie Sheen doing these days? The obvious answer is…duh, winning.

But he really is doing just that…winning. He's become one of the most talked about celebrities in the world. He's gotten endorsement deals, sold out speaking engagements and a deal with a T-shirt company that's bound to make him a lot of money. The T-shirts will bear the words, "Duh, winning" and other Sheen catchphrases. 

All this despite being dropped from his show, "Two And A Half Men," and a public dispute with the creators and producers of the show. His public rants have become legend, and fodder for the late night talk show hosts. Mental health experts have labeled him ready for the Funny Farm, and yet we're still tuning in to the Web site, Funny or Die, just to catch his "winning" recipes, and lining up to see his torpedo of truth live show. 

In fact, we can't get enough of the guy. And he knows it.

So, if you're like most Americans, squeezing your pennies and stretching your budget until the elastic snaps, what can you learn from Charlie Sheen?

First of all, look at what he became. He went from being the good-looking actor in "Platoon" to being the good-looking actor in his now-defunct sitcom. He had it all: looks, money, fame, family and career. Somehow, he lost his focus. He took his eyes off the prize and got mired down in the things that don't really matter. If you're looking to tighten your budget and save more/spend less, keep your eyes on the prize. Don't lose focus and keep your goals in mind.

If you are fortunate enough to have a job, show up on time and do the job to the best of your ability. Remember that there are literally thousands of people out there looking for work, and they'd be willing to do your job for less money. Sheen forgot that there are thousands of young actors who are hungry in Hollywood, and they'd have been glad to show up on time every day to do the job he couldn't be bothered to show up for. 

And while we're on the subject of employment, don't mouth off at or about your boss. These days, most of us consider ourselves fortunate that we even have a job. Mouthing off at the boss and tossing insults at him isn't the way to ensure job security. Don't get the idea in your head that you can do whatever you want whenever you want because you're irreplaceable. Sheen seemed to have fostered this attitude within himself, and he lost his job because of it.

You should never take money for granted. It could be rolling in one day, and the next, you're begging for government cheese. Our lives can change drastically in just one day. 

Remember that although you should keep the two separate, your personal life can harm your professional life. If someone you work for or with gets wind of your personal shenanigans, it could cost you your job, you could lose potential or existing clients, and you could lose the respect of your peers. And for goodness sake, don't post videos or updates on your Facebook or Twitter feeds about your professional life, coworkers or boss. 

Perhaps the biggest financial lesson we can learn from Sheen is that you just can't rely on others for your financial success. Because of his antics, a lot of people are now out of work. 

So, to summarize, keep your eyes on the prize, your nose to the grind stone and your crazy to yourself. 

Published Mar 14 2011, 04:17 PM by moneycoach
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