When you found out how much your favorite celebrity is making each year, you will surely ask yourself how they spend that money and what percentage of it goes to savings? You can only daydream of earning millions of dollars each year like a celebrity. But do you know that some celebrities still get into financial trouble even if they earn tons of money?
What could probably be the reason? Well, big earnings could also mean big money troubles. Some people indulge into luxury without thinking that they might be spending more than they are earning. How many times have you heard celebrities that are being hunted by the IRS because they were not able to pay their taxes? Because celebrities earn big time, they are also faced with big taxes.
Some celebrities though are frugal and are very good at saving money. They allot a percentage of their income into savings. Some of them donate to charities. Others invest on things they can get returns with in the future. Celebrities have different ways of saving their money. No matter how they do it, it only shows they value what they earn.
Even if you are not a celebrity or you don’t earn millions of thousands a year for acting or endorsing a product, you can make yourself rich. Some say getting rich at this type of economic climate is difficult. But others have proven that getting rich is possible. It just takes serious effort.
There are many ways you can save money. Even if you think you only have a few dollars left on your take-home income after deducting all your expenses, you can make it hundreds to thousands of dollars in time. That is true especially if you learn cutting back on some expenses you don’t actually need.
Think of cooking your lunch at home and bringing them to work rather than eating at a restaurant. It will require you getting up early to prepare for your lunch but it will also save you time later on because you don’t have to leave your table just to eat. You can have a few minutes to walk around or chat with your officemates.
Simple things like this can make a lot of difference when you realize that you are actually saving more money. The money you saved can be added up to your savings or can be used to finally get that pair of shoe that you always wanted.
Celebrities are almost effortless when it comes to making money. But they also have their sacrifices like being alone from their families or attending shows they do not want or traveling even if they are tired. You too can make some sacrifices today so you can enjoy a better life in the future. Remember that you are saving money to improve your life so you should still enjoy those simple pleasures today. Just make sure you know your limitations and remember your saving goals always.