Networth and Comparing Celebs

As soon as you hear the sound of the word  "million" you might be tempted to be think that someone's loaded. Nah.....think again.

According to Zolo   the average Toronto single family home is a cool 1 million Canadian bucks. That's nothing to sniff at...but at the same time, it is a helpful mathematical tool to help you wrap your head around net worth stats.

(https://www.zolo.ca/toronto-real-estate/trends)

For example,  if you happen to watch any kind of reality tv, and you search up net worth estimates for some of the celebrities you might be surprised at the numbers.  Looks can be deceiving.

The reality real estate show "Selling Sunset" features lots of overdressed ladies whose net worth, for most of them is only 1-2 million. When you compare that to a Toronto home....that means most of them could only afford one home in Toronto without debt. And that doesn't include the financing of their supposedly lavish lifestyles.

For many of these reality shows, the glamour is funded by the producers of the show and therefore the clothes, shoes, hair, makeup, travel and even the cars and homes are funded by the show producers, with the express intent of making your jaw drop. Anyone can be featured in a fancy home and driving a fancy car.         It isn't rocket science.  These celebs personally juggle debt just like you might...but perhaps on a more epic scale. Letting the "show" pay for everything is par for the course....that's just how Hollywood works.

They get dolled up by professionals to make them look like billionaires....when they are just barely millionaires. Many of them are just getting started on their financial journey. 

A million dollar net worth is just not that impressive anymore.

With regard to high fashion clothes....remember that designers are usually quite delighted to loan or give their garments to celebrities in order to garner  "free" publicity for their labels. Celebrities love freebies too ")

 Enjoy the show....catch a few design or fashion ideas of your own, But don't ever believe for a minute that these celebs can afford such lavish luxury without the glitzy sham of the highly financed entertainment industry.  Entertainment is a business....a hard core industry that knows how to get eyeballs glued to the screen. It's just entertainment....it's eye candy with an end goal to make you a faithful fan.

Looking the part....is not the same as "owning the part". One plus one still equals two....and sound financial management is still your best friend.

 Be well and prosper friends. 

 The world is your oyster.

Peace,

Carla.

Tweet