by uacheesehead
Yes, you read it right! World Wrestling Entertainment has entered the world of personal finance. The economy is hurting everyone and Shawn Michaels, wrestling Superstar is no different. Recently on national TV, Shawn revealed that he was broke due to high living and bad investments. Worried about paying his bills and supporting his family, he humbled himself in front of the audience to give his reasons for taking a job from arch enemy JBL.
Aside from a bit of wrestling drama, this is actually a great marketing idea. With so many people facing hard decisions, this confession hit home with quite a few people. Misery loves company and people identify with someone who shares their pain.
Now, is it true? I guess only his stockbroker knows for sure but it’s rumored that Shawn makes over $750,000 a year and is one of the highest paid wrestlers at WWE. It’s hard for most people to fathom being broke on that salary but as most of us in personal finance know, you can be broke at just about any income.
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CORRECTION, Shawn Michaels actually earns millions!!! over $3, 898, 897 and more + plus a year as of 2002(First class flight tickets, hotel accommodations, and ground transportation paid for every week). + his bonuses, ppv earnings, and appearances and auction items and also recieves 35% on his merchandises sold..
Tin, Thanks for clarifying. I never claimed to actually know how much he made but I had read $750,000 several places…which makes it a rumor. I did find it interesting that this was a storyline used on WWE.
[...] wrote a post yesterday on Shawn Michael’s financial issues and thought I would follow up with a To Do list to get him back on the right financial track. [...]
Its bad, but we can hope for the things moving right in the future.
It’s funny that they decided to go with that storyline, I don’t think it was going over well with the fans, that’s why they pulled it pretty fast, hehe.