How to Make the Most Out of Your Income? Famous Personalities Like Warren Buffet, Leonardo DiCaprio, and Jennifer Lawrence Share Their Strategies
Celebrity life commonly links with fancy cars, expensive signature brands clothing, and exclusive lavish parties. The extravagant lifestyle is one of the perks of being a public figure, but these stars are not just sweating money. Well, some might be literally dripping blood and sweat to earn cash, but some of them use strategic methods to not only earn them, but also make them grow.
Well-famed personalities like Warren Buffet, Gwyneth Paltrow, Leonardo DiCaprio, Jennifer Lawrence, Ed Sheeran, Kristen Bell, and Keira Knightly share their tactics on how they manage to secure their pockets and still make the most out of their lives.
Let’s start with one of the world’s wealthiest investors, Warren Buffet. The billionaire’s main key to becoming rich is not acting like one. Buffet believes that your cost of living should not go high when your income increases. He is one of the richest men alive, and yet he still lives a simple and modest life with his family in their humble home that they bought way back in 1958.
The owner of the natural health company Goop, Gwyneth Paltrow, has a similar outlook with Buffet. Even if she definitely has the capability to employ high-end interior designers, she still chooses to do the things she can manage to do by herself, like re-arranging her living room. It’s fun and will save you a lot of money that you can spend somewhere else.
Leonardo DiCaprio is undoubtedly one of the most successful actors in the Hollywood scene. Despite the fame and success, he still lives as simple as possible. In fact, he still spins his Toyota Prius that he’s been driving for quite some time. He prefers putting his money in investments than over-spending it in luxury cars and extravagant vacations.
Another high-paid artist is the Hunger Games star, Jennifer Lawrence. She was hailed as the highest-paid actress by Forbes Magazine in 2015 and 2016. Even if she can afford almost everything that she may need or want, Lawrence still shops with coupons to get discounts on her purchases.
While most of the well-heeled celebrities swipe their credit cards without minding how much they spend, the English singer-songwriter Ed Sheeran keeps track on his expenses. She strictly disciplines himself with a monthly allowance to make sure he manages his per diems very well. He doesn’t like spending as much as he loves writing songs.
Princess Anna voice-over Kristen Bell doesn’t take pleasure in spending her cash too. As a matter of fact, even in an important life-event, like her wedding, for example, she kept the cost at a minimum. It only took Dax Shepard and Kristen Bell $142 to marry.
The English actress Keira Knightly has the same principle as Sheeran. They both believe that it is easier to save money if you restrict yourself with a specific ratio of money you can spend in a particular bracket of time. Knightly, for instance, gives herself an annual $50,000 budget to get her through the whole year.
The fundamental key to successfully manage your income is simplicity. Simple living may not be as simple as one-two-three, but it definitely pays off.
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