Quote:
Originally Posted by speakingtohe
Sounds like a lot of bad ideas and decisions to me
Failure to consult a lawyer.
Failing to use an accountant.
An inflated sense of self worth.
May seem harsh, but an established author who is in enough financial trouble that they 'need' $20,000 immediately to help with financial difficulties has probably been living well beyond their means or not paying taxes.
A motivated person can get/save $20,000 fairly quickly by getting a second (or first) job and giving up luxury items. Of course the big trick is actually using this money to pay of creditors instead of on a 'much needed' vacation or new car.
I also wonder why, if the book is completed, and looks to be saleable, the publisher would just cancel the contract. A slap on the wrist, a demand to withdraw books from Amazon I could understand, but an arbitrary cancellation of a saleable product seems a bit bizarre.
Helen
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20k is more than what I make in a year, once you factor in taxes. I work full time, and make $10 an hour. I live very frugally.
As far as needing it quickly, well, there are still times frugal people need money quickly. Death in the family, sudden medical expenses, unexpected disasters such as house fires.