Aside from the notable lines in their films and how they present themselves in public to shed light on some controversies, we can learn a lot from celebrities, too, on how they spend and manage their hard-earned talent fees.
Gladly, some of them have opened up with this concern. From their spending habits to savings, we can learn lessons we can apply in our own:
Priyanka Chopra
Chopra is one of India’s jewels in the entertainment industry. An artist in her numerous ways, she is one of the country’s highest-paid and most popular actress.
In a Bloomberg interview in April last year, she says the educating herself on taxes, immigration laws, and international laws are the toughest things on moving from India to the US as an actress. She claims that many things can go wrong and she’s wary of where she lives, the time she spends in a country, and how it would affect her visa.
Asked how on she manages her money, “I divide it between what I want to save, investments, what I want to spend, and philanthropy,” she says.
Making millions every project, Chopra sure knows that educating yourself on where your money goes is fundamental.
Oprah Winfrey
As of 2018, Forbes reports that Winfrey has $2.8 billion net worth. One of America’s most successful woman, she for sure has a lot to say on handling finances.
In her book What I Know for Sure, Winfrey foregrounds on wise spending. She advises, “I hope the way you spend your money is in line with the truth of who you are and what you care about.”
Winfrey notes that we should spend on what we need and not on what we want. We need a car but it doesn’t need to be a Montero. We need a phone but it does not need to be an expensive iPhone.
Ashton Kutcher
He is a well-known actor and an anti-trafficking and child abuse advocate. He also co-founded A-Grade Investment with friends where they invest in some start-up tech companies such as Uber, Airbnb, Spotify, Foursquare and many more.
On Netflix’s talk show ‘Chelsea,” Kutcher emphasizes on investing in something wa are familiar with. "Invest in something that you know. If you drink beer all the time-if you go to microbreweries and you try all kinds of them-you probably know which is ones are the best, and my advice is always to invest in what you know.”
Business is a gamble but as Kutcher has advised, invest in an industry or in business you fully know how it works.
David Beckham
Married to fashion designer Victoria, David has priceless advice to couples and to everyone. With an estimated £339 million fortune, the Beckhams are more content with simple life.
In an interview with ES Magazine, David explains, “We used to be very extravagant in what we’d buy each other. But we’re obviously saving the pennies now because we have so many children to be extravagant with.
So it’s the simple things, really. It’s more about spending time together, going for a simple together,” the actor concludes.
Though the word simple has a different meaning to this rich couple, the message is to save for the children and be content with modest life.
Going local, we scouted some of our celebrities in the Philippines on their financial advice to their fans.
Kris Aquino
Tagged as the Queen of all Media, Kris stresses the importance of staying debt-free. In her Instagram post, she says, “Everything that I have, every business I have, our home, our all, have been paid in hard-earned cash. That was my mom’s lesson. Have no debts, because there’s a shelf-life after.”
Marian Rivera
Celebrity mom Marian Rivera also sure knows the value of saving for her daughter, Baby Zia.
In an interview with the Philippine Entertainment Portal (PEP), the Kapuso superstar reveals that she has opened her daughter a bank account. "In-open naming ng PNB account ang anak ko para lahat ng kikitain niya ay ilalagay naming dun sa bangko. Pagdating ng eighteen, ibibigay naming lahat ng pinaghirapan niya,” says Marian.
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