topic Re: Tori Spelling in debt in Community Chat

Tori Spelling in debt

SeaMaiden — Wed, 20 Jan 2016 21:16:04 GMT

http://www.intouchweekly.com/posts/tori-spelling-dean-mcdermott-bankrupt-87950

How how can she get into this kind of debt unless she is living way beyond her means? She needs to get real. I am sure with all her books and jewelry line on HSN, she still lives a better life money wise that most Americans....she just needs to wake up and live in the real world. She did not get a huge inheritance, but $800,000 is not chump change. If I inherited $800,000 I would be just fine for life! Her Mother helps her out now already, but will not pay for Tori's extravagant spending.

Re: Tori Spelling in debt

deepwaterdotter — Wed, 20 Jan 2016 21:12:37 GMT

Hasn't this couple been morally bankrupt for quite a while now?

Re: Tori Spelling in debt

SeaMaiden — Wed, 20 Jan 2016 21:14:13 GMT

@deepwaterdotter wrote:
Hasn't this couple been morally bankrupt for quite a while now?

Yes, that as well....

Re: Tori Spelling in debt

CANDLEQUEEN — Wed, 20 Jan 2016 21:19:40 GMT

I think they both need to find some real jobs!!!!! Dean is not a bad actor, I have seen him in a couple of lifetime movies, Tori as well, although they were definitely older movies, but I think her jewelry line bombed at HSN,so I am not sure what else they can do, but they need to think of something rather quickly from the sound of it.......I wonder how much her mom helps out financially??? What does her brother do? How is he living I wonder??

Re: Tori Spelling in debt

ellaphant — Wed, 20 Jan 2016 21:23:12 GMT

@deepwaterdotter wrote:
Hasn't this couple been morally bankrupt for quite a while now?

Really? How are you in a place to judge her 'morals'??? Wow.

Re: Tori Spelling in debt

Nightowlz — Wed, 20 Jan 2016 21:23:46 GMT

No reason for people like her that have money to ever be bankrupt. Ridiculous. That's living too high off the hog.

Re: Tori Spelling in debt

SeaMaiden — Wed, 20 Jan 2016 21:24:39 GMT

@CANDLEQUEEN Dean is a good actor as you said. I think when he went through the drinking and depression issues on their reality show....it may have black balled him in Hollywood. No one wants to hire and insure someone with those issues. Tori is just an OK actress. She always has a lot going on, but nothing that pays enough to live the lifestyle she likes.

Re: Tori Spelling in debt

Pearlee — Wed, 20 Jan 2016 21:43:53 GMT

If you can believe this article, what happened to all the money they made during their years-long reality show(s)? Surely they must have been well paid.

I think the answer is Tori was raised lavishly. She is used to living that way - having the best homes, the best cars, the best of everything. That takes a lot of money, esp. with all those kids and in California where the cost of living is very high. She and Dean spend too much for what they've made, apparently. If the article is to be believed, the haven't put money away when they were earning it, like from the reality show.

I remember one of the early reality shows where, due to financial difficulties, they had to move. And then I saw the places they were looking at to buy. Holy cow! Of course they weren't anything like the largest, most expensive house is California that Tori was raised in, but for goodness sakes. They were all "the lap of luxury" as far as I was concerned. I don't think she's wiling to go below a certain standard of living, which isn't what she was raised in but certainly isn't "middle class" either. Therein lies the problem.

As for Dean, IMO he's one of the worst actors I've ever seen. He always sounds to me like he is reading his lines off a piece of paper!

Re: Tori Spelling in debt

Suziepeach — Wed, 20 Jan 2016 21:54:21 GMT

And poor me thought $1500.00 was a lot on an American Express balance... was I ever wrong...

http://www.nydailynews.com/entertainment/gossip/tori-spelling-sued-38k-credit-card-debt-article-1.2502448

Wow, just Wow!!!

Re: Tori Spelling in debt

millieshops — Wed, 20 Jan 2016 22:00:14 GMT

No matter your income, you have to live within its bounds! Even billionaires have limits - if they didn't, some famous people wouldn't have been in bankruptcy court several times!

Re: Tori Spelling in debt

Puzzle Piece — Wed, 20 Jan 2016 22:00:25 GMT

Actually, it is a well known fact here that Tori was givne everything - including many parts and rolls due to her late dad's influence and calling in favors. She was raised in the lap of luxury and probably finds life hard to maneuver now that she's gotta make it without her dad's 'umbrella'. If it weren't for her connection (being a Spelling) she doesn't have the looks to have landed many parts or rolls or any at all.

I can't feel sorry for her. Her husband came across as an opportunists as he knew he could bed more attractive females but she had the inside with her dad's name and reputation. Helped his career for a while.

Re: Tori Spelling in debt

muttmom — Wed, 20 Jan 2016 22:04:41 GMT

She is a spoiled pampered princess who lives beyond her means. Her mother bought her home for her and pays for her children's educations. She's bailed her out before. She and her lazy, cheating husband need to start working more and spending less.

Re: Tori Spelling in debt

brii — Wed, 20 Jan 2016 22:13:17 GMT

She seems clueless.

Re: Tori Spelling in debt

shoekitty — Wed, 20 Jan 2016 22:27:04 GMT

It is hard for us "the regular" people to comprehend what it costs to live in California, and where they live. Yes, they make money from TV shows, commercials, print ads. Some are flat fees, some pay residuals. All payments go through agent who takes 15%, then a manager who takes 10%. Then there are taxes...Upkeep is really expensive, hair , make up, day care, transportation, publicist... plus home upkeep. Her home has to cost a couple million. She has to pay 40 to 50,000 in taxes a year. And so it goes. Legal fees are always a lot. every time they have their Lawyer "look over something", cha-CHING, LOL!

In no way am I making excuses for her. She is extravagant. She was raised that way. She has been working a long time if you go back to her first tv show. The BH shows, I forgot the zip code, LOL! The trouble with so many of the child actors, is so few are grounded, educated even. Some barely get through High school. They get a portion of their pay while they are under 21, but after that and after 26 they have free reign. Then come the real estate, cars and jet life style.

I think the mistake most make is they don't keep tabs on their CPA, and manager. They get over charged, and sometimes don't even receive the residuals due them. Many child actors have fell upon leaner times, and live fairly humble just to keep some money. Others feel they have a lifestyle to keep up and never change.

Both are divorced and pay dues one way or another. They have kids. It is not cheap. If you inherit 800,000 in California, you will be lucky to see 500,000 of that. 500,000 won't buy you half a house here in places they live. That money had to be gone before she got a check. I think she had tons of legal fees too.

Again, I am not making excuses for her, nor do I feel sorry for her. But, I can see how, without proper management and restrain money would be gone!

Re: Tori Spelling in debt

Q4u — Wed, 20 Jan 2016 22:41:31 GMT

@shoekitty wrote:
It is hard for us "the regular" people to comprehend what it costs to live in California, and where they live. Yes, they make money from TV shows, commercials, print ads. Some are flat fees, some pay residuals. All payments go through agent who takes 15%, then a manager who takes 10%. Then there are taxes...Upkeep is really expensive, hair , make up, day care, transportation, publicist... plus home upkeep. Her home has to cost a couple million. She has to pay 40 to 50,000 in taxes a year. And so it goes. Legal fees are always a lot. every time they have their Lawyer "look over something", cha-CHING, LOL!

In no way am I making excuses for her. She is extravagant. She was raised that way. She has been working a long time if you go back to her first tv show. The BH shows, I forgot the zip code, LOL! The trouble with so many of the child actors, is so few are grounded, educated even. Some barely get through High school. They get a portion of their pay while they are under 21, but after that and after 26 they have free reign. Then come the real estate, cars and jet life style.

I think the mistake most make is they don't keep tabs on their CPA, and manager. They get over charged, and sometimes don't even receive the residuals due them. Many child actors have fell upon leaner times, and live fairly humble just to keep some money. Others feel they have a lifestyle to keep up and never change.

Both are divorced and pay dues one way or another. They have kids. It is not cheap. If you inherit 800,000 in California, you will be lucky to see 500,000 of that. 500,000 won't buy you half a house here in places they live. That money had to be gone before she got a check. I think she had tons of legal fees too.

Again, I am not making excuses for her, nor do I feel sorry for her. But, I can see how, without proper management and restrain money would be gone!

And on top of all that, which having lived in Calif most of my life (San Diego and Pasadena prior to that) I know that what you say is 1,000% true....... I understood that when her father died she and her Mother became estranged to the point that the Mom barely gave her any of her inheritance and refused to bail her out a number of times. This was awhile ago but I don't think their relationship is much better.

Re: Tori Spelling in debt

maestra — Wed, 20 Jan 2016 22:52:29 GMT

While I dont excuse her behavior, it seems we have a number of 'cranky pants' here tonight.

Re: Tori Spelling in debt

MacDUFF — Wed, 20 Jan 2016 22:54:30 GMT

I just got home from work. My back is screaming. I have to make dinner. Handsome won't be home from work 'til about 8PM, eleven hours after he left this morning. Just a normal day for us. I have not one iota of sympathy for these people. None.

Re: Tori Spelling in debt

missy1 — Wed, 20 Jan 2016 23:41:13 GMT

Dean and Tori's combined net worth is 1.5 million.

Re: Tori Spelling in debt

lulu2 — Wed, 20 Jan 2016 23:51:25 GMT

@missy1 wrote:
Dean and Tori's combined net worth is 1.5 million.

It really is tough to feel sorry for these two.

Her father left the bulk of his estate to his wife. That is what most husbands do.

I do not buy the story no one ever taught her to live within her means. It seems she wants to live within the means of her father and not what she and her charming husband make. Then there's that nasty thing called child support. Tori knew there were children involved when she decided to cheat on her husband with her present husband.

Re: Tori Spelling in debt

Pearlee — Wed, 20 Jan 2016 23:53:45 GMT

@missy1 wrote:
Dean and Tori's combined net worth is 1.5 million.

@missy1 And you know this how?

@shoekiitty 90210