There have been plenty of celebrities who have gone from riches to rags fairly quickly. Not all celebs are quick to squander their earnings though. Many diversify their income, invest, save, and even live on a budget. The names listed below are stars who set good examples with their money and beyond…
Stars Who Set Good Examples With Their Money
By setting a good example with their money, celebrities give many of us a goal to shoot for. While our earnings may never be that high, we can simulate their habits in our own lives to make the most of our finances. Whether they stick to a strict budget, thrift shop, or invest wisely, each of these individuals is setting a great example financially that many of us could learn from.
Ed Sheeran Sleeps on Friend’s Couches
As a world-famous pop star, you can imagine Ed Sheeran doesn’t spend much time at home. For this reason, he hasn’t wasted money or time on getting a place of his own. In fact, he has stated he still gives himself an allowance of about $1,000 per month. According to Sheeran, that is mostly spent on taxis.
“You never want to be wasteful,” he said. ”I use my Barclays student account. I’ve not upgraded because I don’t spend much money. If I had all my money in one account, I would spend all of it, so I get an allowance.” The singer-songwriter is also famous for crashing on the couch. He lived in Courteney Cox’s spare room for some time.
J.K. Rowling Never Quit Trying
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J.K. Rowling is known around the globe for her successful book series Harry Potter that was later adapted into films. Many people don’t know that she went through a difficult divorce right after having her daughter and wound up on government assistance. During this tough time, she began writing the HP series.
It was initially rejected by 12 publishing agencies. Eventually, she found one to pick up the book and the rest is history. The books have sold more than 450 million copies of each of the seven novels. Rowling hasn’t inflated her life much though. She still stays relatively under the radar.
Rob Gronkowski is a Super Saver
Rob Gronkowski of the New England Patriots is another person we can all take notes from. Even though he signed a multi-million dollar deal with the Patriots, Gronkowski hasn’t touched a penny of his NFL earning.
“I live off my marketing money and haven’t blown it on any big-money expensive cars, expensive jewelry, or tattoos and still wear my favorite pair of jeans from high school,” he stated.
Carrie Underwood Clips Coupons
Country singer-songwriter Carrie Underwood is another one of the stars who set good examples financially. Even though Underwood has seven Grammys under her belt, she still sticks to a pretty strict budget. In fact, she still clips coupons!
According to Rachel Ray Every Day, she also makes her own meals and does her own shopping, which is uncommon for someone with her am0unt of wealth. She even packs her own lunch and if she isn’t able she “splurges” on a sandwich from Subway.
Ashton Kutcher Invests Wisely
Ashton Kutcher has made a series of lucrative business decisions that have helped him diversify his investment portfolio greatly. Kutcher along with Guy Oseary formed A-Grade Investments. The company invests in startups and has backed some huge companies. They are most famous for turning $30 million into $250 million through backing brands like Uber and Airbnb.
Walt Disney Invested in Himself
Although Walt Disney is no longer alive, we can still learn a few things from him. He obviously had a largely successful company and worldwide brand at the time of his death. However, Walt wasn’t always a success. In fact, The Walt Disney Company was $4.5 million in debt after the release of its 1940 film Pinnochio.
Ashley Greene Listened to Her Dad
Ashley Greene from the Twilight movies learned a lot of her money habits from her family. Even though she has a significant amount of wealth, she still flies first class and saves money where she can. Greene says there is an important reason for this.
In the event she is unable to get work (or not finding work she likes), she has money to fall back on. According to Greene, her dad taught her about being frugal and saving money. “And that’s important because I want to know that I don’t have to take an acting job for two or three years if I don’t want to and that I’ll still be able to make my house and car payments and buy food for my dogs,” she said.
Tiffany Haddish Never Overspends
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Break-out comedian Tiffany Haddish is another frugal star who sets a great example with her money. Even though she’s fairly famous now, Haddish still saves her money. She told People that she still drives her Honda HR-V. Her designer bags? Gifts!
The fact that Haddish was homeless for some time helps motivate her to stay on budget and not overspend. She doesn’t see that changing any time soon either. “Yeah, it’s here now, but will it be here in five years?” she questioned. “I don’t know.”
Readers, what do you think about these stars who set good examples with their money? Is there anyone you’d add to the list?
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Amanda Blankenship is the Director of Social Media for District Media. In addition to her duties handling everything social media, she frequently writes for a handful of blogs and loves to share her own personal finance story with others. When she isn’t typing away at her desk, she enjoys spending time with her daughter, husband, and dog. During her free time, you’re likely to find her with her nose in a book, hiking, or playing RPG video games.
