Britney Spears Doesn’t Save? I’m Shocked
As surprising as it may seem, apparently Britney Spears doesn’t save or invest any of her income.
Court papers released Thursday in Britney Spears’ custody dispute with Kevin Federline show she spends lavishly on clothes and entertainment, and doesn’t save or invest any of her roughly $737,000 monthly income.
The worst part is according to the complete article, neither of them save anything for their kids.
Ah, well, they’ll probably just spend like this until right before they’re not popular anymore and them save a whole bunch.
Right?
Right?
November 2nd, 2007 at 3:40 pm
When I’m rich and famous, remind me to hire one of you cool bloggers as my finance person. I want somebody who’d make me put it in indexes, save it, budget, and whatnot. But I think Britney would be better off even with somebody who played the market or bought funds with loads and such. Because she’d have some money saved, not none.
November 2nd, 2007 at 6:50 pm
I’ve always been dumbfounded when I read about the “rich and famous” that make incredible amounts of money per year and wind up filing bankruptcy… For what some of these people make in a single year, my entire extended family could retire today at a higher standard of living.
November 9th, 2007 at 7:32 am
It’s true she doesn’t save much, but here’s something else to consider: How much of her money is in the form of royalties and residual earnings? She will continue to earn money from work she has done once and never has to do again, which is a pretty sweet deal. I’m not supporting her, but in that regard she has a decided advantage over the majority of us. She had better be careful though, because her record sales are not guaranteed to continue and she could end up like Michael Jackson!