Insufficient Building Fund

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Showbiz industry players know only too well that the entertainment industry is not and will never be a stable source of income. Hence smart players often think forward and try at best to save money as much as they can -- while they can. You know, making hay while the sun shines.

Despite the lure of huge earnings of its stars, unknown to most, showbiz is a very unpredictable and erratic industry. Verbal agreements are never to be relied upon, even as half-true. When you are luckily contracted as a star of a film outfit, do not rejoice just yet, for it is not a surefire guarantee that a project is already in the offing. Believe only when you are already out there shooting – sounds funny but true. It is a fact – anything and everything happens in this industry that has no set rules and/or standards.

Many are blinded and overwhelmed by stardom and the fame and fortune that go with it. Not realizing that it's just the surface that they're seeing. Showbiz starters are often shocked to see the reality behind the glitz and glamor. Stars have to work excruciatingly long hours even under severe weather conditions. The loss of privacy and family time, the need to follow the most painful of conditions set by one’s management or outfit are only a few of the drawback one has to endure if one really wants to make it big in the industry. In simple terms, showbiz is not a bed of roses, and definitely will never be a walk in the park. Which is why when you have projects, learn not to squander, think of the rainy days ahead. Save save save – that will be your best weapon.

Actress Endorser AE is in a financial quandary. She has a big house being built in a prime community in the Metro – yet this early, AE’s suppliers are complaining about not being paid as agreed in their  contract. These suppliers do not exactly know the reason why AE is short of funds. It had not been that way when they first started with her on the project. All they want now is to get paid soon to avoid further complications that may result in the process.

Is AE not forward-thinking and naïve enough to mount such a big undertaking as having a mansion built without having sufficient cash-flow for it? Or as some kibitzers would say, was her financial handicap caused by the untimely demise of a project gone wrong? Indeed, it pays to be a long range planner, you think?

Moral Lesson: Learn not to put all your eggs in one basket.

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