Forget About Dreaming to Have a Fancy Celebrity-Like Lifestyle. Let’s Talk About the Money Lessons that We Can Learn from These Celebrities
They said money controls us nowadays instead of us controlling it. These frugal celebrities proved that wrong.
Being a celebrity is always being associated with an expensive and luxurious lifestyle. But behind all the glamour and glitters, are some successful and inspiring testimonies from meticulous stars on how they manage their monies.
Surely, we already heard the extravagant parties hosted by famed local and international celebrities. We’ve seen their fancy cars, lavish mansions, and over-priced wardrobe. What we don’t normally pay our attention to are the really good habits these wealthy and well-known celebrities are doing to save cash.
Christopher Tracy, president of the envelope budgeting system, Mvelopes (https://www.mvelopes.com/) said, regardless of your income level, there are four crucial ingredients for good income management practice. It all depends on how you save, how you spend, your lending habits, and how you plan.
Hollywood big names including Warren Buffet, Gwyneth Palthrow, Leonardo DiCaprio, Jennifer Lawrence, Ed Sheeran, Kristen Bell, and Keira Knightley share their secrets to success, financially speaking.
The chairman of Berkshire Hathaway is one of the world’s most well-off men alive. In the HBO documentary Becoming Warren Buffet, he reveals that he never consumes more than $3.17 on his regular breakfast at McDonald’s. With this, Tracy said, the lesson we can learn from Warren is that when your earnings go up, it doesn’t mean that your spending should increase too.
Meanwhile, the actress and flourishing businesswoman Gwyneth Paltrow fixed-up her own living room. Tracy explains the owner of the lifestyle company Goop cuts down her expenses and saves plenty of money by managing tasks she can do herself.
The Titanic star Leonardo DiCaprio is also a role-model in saving money. Despite the fact that he starred in one of the highest-grossing films, DiCaprio still drives his Toyota Prius instead of over-spending on posh vehicles.
Next on the list is the Hunger Games actress Jennifer Lawrence who says to be still clipping paper vouchers to get discounts when shopping. If Forbes Magazine’s highest-paid actress in 2015 and 2016 does that, why wouldn’t we?
The English musician Ed Sheeran disciplines his spending by setting a tight monthly allowance. Sheeran said he doesn’t like spending much money even if he was ranked ninth in Forbes Magazine’s 2018 list of the top 100 highest-paid entertainers.
Being the voice of Princess Anna in the highest-grossing animated film Frozen must put a lot of pressure on the actress Kristen Bell to have a wedding fit for a princess. But she didn’t let that to happen. In fact, her wedding with Dax Shepard only costs her $142.
Lastly, is the Pirates of the Caribbean star Keira Knightley. Just like Ed Sheeran, she also limits herself on a tight allowance. Knightley restricts herself to an annual allowance of $50,000 which she nearly survives, according to her.
No matter how small or big the sacrifices are, Tracy said there are a lot of techniques we can pick up from these celebrities. In the end, our habits are still the one who’s going to determine our financial prosperity.
More in Star Advisor
This is How Jeff Bezos’ Ex-Wife MacKenzie is Planning to Spend The $37 Billion Fortune She Got From Her Divorce
At long last, the controversial divorce between Amazon’s CEO and current richest person in the world Jeff Bezos and MacKenzie Bezos,...June 9, 2019
What is the Secret of the World’s Third Richest Man Alive? You’ll Be Surprised How Simple His Investing Techniques Are!
Play deaf. At least that’s the general idea that we could learn from the so-called Wizard in the world of investing....May 30, 2019
Do You Want to Know How Much the Lady of Winterfell is Worth? You’ll be Shocked by the Game of Thrones’ Star Sophie Turner’s Net Worth at the age of 23!
Still can’t move on from the Game of Thrones’ finale? To help you cope, let’s talk about Lady Sansa Stark’s personal...May 30, 2019
Everything You Need to Know About the Female-Empowered Greenwich International Film Festival
Isn’t it nice to see artists recognizing and supporting each one another? Sometimes, we become so much passion-driven that we often...May 29, 2019
A Peek Into the Artsy Home of Zoe Henry and Jeff Hordley
Hordley and Henry’s Abode Fans recently got a good glimpse of the countryside home belonging to Jeff Hordley and his wife,...May 24, 2019
Chefs, Get in Here! Here’s an Opportunity to Live in The Buckingham Palace
Have you ever dreamt of what it would feel like to live behind the walls of Buckingham Palace? Well, who hasn’t?...May 24, 2019
Jennifer Lopez and Fiancé Make Huge Investments In This Indian Company and the Reason Behind It is Adorable
Jennifer Lopez is a worldwide superstar, and whatever she endorses must definitely be a big deal, talk less of a joint...May 24, 2019
Check Out The Huge Amount Chris Martin Spent to Expand His Real Estate Holdings in Malibu
The Coldplay frontman Chris Martin, who formed the chart-topping rock band, has reportedly bought a fabulous beach home in Malibu. His...May 23, 2019
Celebrity Real Estate Expert and Other Woodbridge Executives Arrested in Connection With Billion-Dollar Ponzi Scheme
Allegations of Fraudulent Practices 71-year-old Robert Shapiro, head of a firm based in Sherman Oaks, has been accused of defrauding several...May 23, 2019