Before when I was a kid, I always wanted to be celebrity. Being a celebrity is that you are always present in the television, free clothing from your sponsors or from the product you endorse , pictures everywhere and everybody knows you (some of them loves you). But most of all if you are a celebrity you're rich. It seems that you don't have to worry about your finances.
As I grow old, I realized one thing. Being celebrity is not an easy job. Being famous also means pressure and stress. There's no privacy in your life. Your finances is not that stable because not all the time , you have projects, movies, product endorsement or television show.
Let me share the best financial advice for rich celebrities which I read from guardian.co.uk. Annie Leibovitz, celebrity photographer,was mentioned there. Due to the combination of extravagance and mismanagement, she is now $24m in debt. So Tim Dowling, the writer of the article in guardian.co.uk gave some basic financial advice for anyone rich and famous. The first thing he mention is that "loan" means you have to pay it back. Worse still, the person or institution who gave you the money will almost certainly want even more in return. The next one is if its possible, shop locally. Shipping can add hidden costs. You must also remember: there is no official upper limit to how much a person can spend in a lifetime.To read more financial advice check this page.
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