BENGALURU: As working professionals, we all make monetary mistakes and some bad over spending of money even if we are in debt. There are few times in normal conversation in which the word “schadenfreude” can be thrown around. It means taking pleasure in the misfortune of another. For example, when a guy cuts you off in traffic ends up with his beamer wrapped around a street lamp, and you think to yourself “ha, serves him right” that’s an example of schadenfreude, according to therichest.com.

Michael Jackson: Over Spending:

Over spending is one of the biggest mistake that one can do in his lifetime, and not having watch on how much is required to be spent. Michael Jackson is no exception to this mistake. He had bought Neverland Ranch for nearly $20 million, and faced problems in maintaining the maintenance costs, that was almost $10 million a year. Whereas, Neverland Ranch also included a zoo and a theme park, which again skyrocketed the costs of maintenance.

Tiger Woods: Cheating:

Tiger Wood’s is an American professional golfer who is among the most successful golfers of all time. He has been one of the highest-paid athletes in the world for several years, but this fame didn’t stop him from making mistakes in his financial life. Wood’s had a divorce from his wife Elin Nordegren who was an Swedish model and had two kids. Not only did Elin take about $100 million, he lost tons of endorsements on top of playing time.

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