Photo (cc) by Daniel P. Fleming
Celebrities make headlines for financial extremes, whether they are buying a multimillion-dollar mansion or filing for bankruptcy protection.
But some rich and famous folks have learned to balance living large with living on a budget. They are not roughing it, but are not spending with abandon either.
The following athletes, supermodels, Hollywood actors and TV personalities prove that some celebrities worry about (or at least plan for) their financial futures like the rest of us.
Photo by Flickr user davelawrence8
This Detroit Lions wide receiver and his wife have lived on $60,000 a year (“more or less”) since he started his professional career a few years ago with a contract that guaranteed him more than $1.4 million, Broyles tells ESPN.
Knowing some NFLers end up filing for bankruptcy, he came up with a budget as part of an effort to avoid that financial fate. So the rest of Broyles’ income is set aside for investments and retirement savings.
Broyles also invested time in educating himself about personal finance:
“I studied as much as I could. Talked to people wealthier than me, smarter than me. So that definitely helps.”