• Home
  • Personal Finance
  • Investing
  • Business
  • Career
  • Consumer
  • Debt
  • Lifestyle
  • Retirement
  • Taxes

Personal Finance News

Latest News About Personal Finance

  • Blogger Net Worths
  • Top Personal Finance Blogs
  • Blogroll

Financial Lessons from Johnny Depp’s Undoing

February 10, 2017 Leave a Comment

“Depp’s earnings are massive any way you cut it, whether he is getting paid $20 million per film — purportedly his going rate in 2014 — or $1 million per week on any project. But his spending problems are relative to those earnings,” writes Chuck Jaffe. Johnny Depp’s issues with personal finance have been fodder recently for the tabloids. It’s a classic story of spending more than earning. Despite earning way above ordinary person, Johnny Depp ran into personal finance trouble due to the fact that he owned a 45-acre village in France, spent $18 million to renovate a 150-foot yacht, owned 14 residences, plus a collection of islands in the Bahamas, paid more than $3.5 million a year to pay for a staff of 40 people, and spent a purported $30,000 per month on wine. “The first secret to financial planning — which shocks people — is spend less than you earn,” explained Michael S. Falk of Focus Consulting Group in Chicago. “You start by living within your means, no matter how much you are making. If you always spend less than you earn, the question is did you save the difference, and how have you invested it.” (richmond.com)

Related

Leave a Comment Cancel reply

Must Read

  • What's the Recommended Temperature for Vacant Home in Winter?
  • How to Reach a Live Person at IRS to Resolve Tax Problems
  • How to Refinance a Paid Off Car
  • The Best Day of the Week to Buy Mutual Funds
  • Two-Thirds of Americans Live Paycheck to Paycheck
  • Professional Panda Cuddler as the World's Best Job for $32,000 per Year
  • 61% Now Living Paycheck to Paycheck
  • Lost Passwords Lock Millionaires Out of Their Bitcoin Fortunes
  • Half of Americans Are Just One Paycheck Away From Financial Disaster
  • Amazon Cash: Now You Can Pay With Cash on Amazon

Recent Posts

  • More Americans Are Using ‘Buy Now, Pay Later’ Services To Pay for Groceries
  • 5 Tips To Get The Best Value On An Insurance Policy
  • 61% Now Living Paycheck to Paycheck
  • 36% Earning $100,000 or More Living Paycheck to Paycheck
  • Two-Thirds of Americans Live Paycheck to Paycheck
  • The Hit to Your Pocketbook From Higher Gasoline Prices: $2,000 a Year
  • Uber Now Lets You See How Many One-Star Ratings You Received From Drivers
  • Survey: 7 In 10 Americans Living Paycheck To Paycheck

Connect With Us

  • Facebook
  • Twitter
Home · About · Terms · Privacy · Contact · Copyright © 2023 · Personal Finance News