About being a functional idiot like 50 Cent? "Hey everybody! I'm super duper rich, but I'm filing bankruptcy because I don't want to pay my lawsuits. But I'm stupid rich." My businesses make a shyt on of money, but I don't get no revenue. i'm poor, wink, wink. Dude is really broke or a complete fukking moron.
never said you should do what 50 did. all i was saying is to understand the financial concepts. meaning what are assets, liabilities, what is credit and how to use it, different types of business structures (sole proprietorship, llc, private corp, public corp) and the advantages/disadvantages for each, how you can collect money (dividend, capital gains), what does net worth mean exactly, liquidity, how to read different types of financial statements, bankruptcy rules and general idea of how it works, etc.
the 50 story is just the scenario to see how it applies, where he succeeded and where he failed.