You've probably had the thought at one time or another: If I could just win the lottery, I'd be okay. If I were a millionaire, I wouldn't be having these financial difficulties.

While this might be true, remember this: millionaires go broke every day. The rich and famous fall into financial difficulties all the time--and sometimes on an epic scale. Lawyers, family members, and estate executors have only just begun sorting through Michael Jackson's debts--which some have estimated at between $400 and $500 million. The Michael Jackson situation perfectly illustrates that no matter how much money you have, if you don’t manage it well, you'll never have enough.

One of the latest celebrities to find himself in financial hot water is former professional baseball player Lenny Dykstra, former outfielder for the Philadelphia Phillies and the New York Mets. Forbes is reporting that he recently filed bankruptcy in a California court. His 18.5 million mansion was foreclosed on and his Gulfstream jet was repossessed.

Dykstra launched a personal finance magazine for professional athletes in 2008 called The Player's Club. Forbes is reporting that his magazine-related debts may have exacerbated his financial woes. In his bankruptcy filing, he listed only $50,000 in assets and over $10 million in debts.

If you think money would solve all of your financial problems, think again. Without a budget and a plan, you'll never build real wealth. If you're having trouble managing your debts, help is available. Consumer credit counseling can help you organize your debts.