Nicolas Cage, an award winning and prolific actor, once had a net worth of about $150 million

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Nicolas Cage, an award winning and prolific actor, once had a net worth of about $150 million (he earned $40 million in 2009 alone!). By 2011, he had to sell off much of his collection of homes, cars, and novelties to pay off debts and had a net worth of about $25 million. Describe how Cage could have better applied the four core principles to get the largest benefit from his once-large income.

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Principles Of Economics

ISBN: 9781319330156,9781319419769

2nd Edition

Authors: Betsey Stevenson, Justin Wolfers

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