Financial Lovemaking: How did Mekhi Phifer go broke?

Earlier this week, you read about actor Mekhi Phifer getting into big financial trouble. Phifer filed for bankruptcy protection, which was shocking, since most people thought he was doing pretty well. He’s had a regular job on the hit TV show ER for years, and has been in quite a few successful movies over the years.

But Phifer’s biggest struggle was a massive IRS debt of $1.2 million dollars. This might have been what led him to bankruptcy court. There are a few financial lovemaking lessons that we can all learn from what happened to the actor, and that’s what Dr Boyce Watkins and S. Tia Brown discuss in this video.

Financial Lovemaking is the process of learning how to use money in a constructive way, building a better life for yourself, rather than destroying it. Phifer’s financial woes provide many important Financial Lovemaking lessons, in part because they show that no matter how well you appear to be doing at any point in your life, things can always change. There are also some other lessons that relationship therapist S. Tia Brown and Finance Professor Dr. Boyce Watkins can share. Check it out.

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