Daily Money Minute

Fotolia_54867638_XS_7“When it came to money, I wasn’t a big details guy.” ~Mike Tyson

Quoted in the British newspaper The Times, the retired boxer Mike Tyson was attempting to explain how he squandered up to half a billion dollars. Whether this is true or not, I cannot be sure, albeit I have no reason to doubt his comment. However what I do know is this. Money, when there is a lot of it, is a detail subject by definition. If it’s your money then you would be wise to ensure that you are always focused on the detail. If you don’t have a watchful eye on your money then it won’t be too long before someone decides to help themselves to some of it. If you are a high earning celebrity or media personality then make sure you know all the numbers and have visibility of where everything is going and why. The same applies if you are in business. It’s your money and if you don’t protect your own interests then no one else will. So be warned.

© Roy Sutton and Mann Island Media Limited 2013. All Rights Reserved.

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