But for the latest round of troubled teens, knowing the past doesn't make them any less susceptible to repeating it, Feldman said.

"I think that anybody who's got what appears to be a gold-paved road is going to find that they're going to have problems later in life because life doesn't work that way. Reality is that we hit speed bumps," he said. "I don't think everybody needs to get slammed down as hard as I did, but [if you're famous and young] I think that you're going to have to run into some walls along the way."

Rule #4: You are not entitled...

Rule #5: No matter what your daddy says, you are not a princess...