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	<title>Econ4U.org &#187; nadya suleman</title>
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		<title>Octomath</title>
		<link>http://econ4u.org/blog/2009/07/28/octomath/</link>
		<comments>http://econ4u.org/blog/2009/07/28/octomath/#comments</comments>
		<pubDate>Tue, 28 Jul 2009 13:32:16 +0000</pubDate>
		<dc:creator>Joseph</dc:creator>
				<category><![CDATA[Celebrities]]></category>
		<category><![CDATA[gossip]]></category>
		<category><![CDATA[nadya suleman]]></category>
		<category><![CDATA[octomom]]></category>
		<category><![CDATA[reality tv]]></category>

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		<description><![CDATA[We try to keep things classy here at Econ4U. But when gossip and finance cross paths, it&#8217;s hard for us not to indulge. Today&#8217;s edition of When Celebrities Mismanage Their Finances &#8211; or, excuse me, When &#8220;Celebrities&#8221; Mismanage Their Finances &#8211; centers on Nadya &#8220;Octomom&#8221; Suleman. Suleman &#8211; mother of 14 children, including the world&#8217;s only set of octuplets [...]]]></description>
			<content:encoded><![CDATA[<p>We try to keep things classy here at Econ4U. But when gossip and finance cross paths, it&#8217;s hard for us not to indulge.</p>
<p>Today&#8217;s edition of When Celebrities Mismanage Their Finances &#8211; or, excuse me, When <em>&#8220;Celebrities&#8221; </em>Mismanage Their Finances &#8211; centers on Nadya &#8220;Octomom&#8221; Suleman.</p>
<p>Suleman &#8211; mother of 14 children, including the world&#8217;s only set of octuplets &#8211; recently signed a contract for her kids to appear on a reality TV show. Each child will receive $250 per day of shooting and &#8220;15 percent of the kids&#8217; earnings will be placed in a trust account,&#8221; <a href="http://www.eonline.com/uberblog/b136002_octomoms_250000_brood.html">according to E! News</a>.</p>
<p>Now while $250 per child per day may seem like quite a bit, it&#8217;s actually not very much. Collectively they&#8217;ll earn nearly $250,000. The show will only shoot for 71 days over three years, meaning that each child will earn $17,750 total. And 15% of that is just <strong>$2,662.50</strong>, the amount to be placed in each child&#8217;s trust, accessible once they turn 18 (in accordance with CA law).</p>
<p>In other words, the kids aren&#8217;t making very much money from this deal at all. They&#8217;ll be paraded about on a reality TV show and, assuming interest on the trust account is less than 8%, likely end up with less than ten grand.</p>
<p>One hopes that the $211,225 Suleman controls will be spent wisely. Feeding, clothing, and housing 14 growing kids can&#8217;t be cheap.</p>
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