The Top Earners: Celebrity Edition

There have been many overnight successes in the luxurious world of celebrity, and many of those individuals have not only had a special talent to sell and promote, but they fell upon a special opportunity along the way. These celebrities have each come from a unique and special story, but all share one thing in common: massive riches.

Celebrity allows someone in the arts to promote themselves through not only the entertainment of others, but by managing merchandising products, and making use of a number of ways to sell themselves. Sean Combs, also known as Puff Daddy or P.Diddy, was the top earner among celebrities in the year 2016. This celebrity has been able to market himself far beyond the peak of his marketable talent, making himself a whopping $130 million dollars a year. Beyonce Knowles who is in the peak of her entertainment career, made $105 million in the previous year. Although Sean Combs does not make his money through his entertainment, he has made more money capitalizing on his popularity and investing in his personal businesses. Beyonce Knowles, who is trailing Sean Combs by $25 million, is investing far more time into her main singing and entertaining career.

J.K Rowling is the third highest earner of 2016 among celebrities, by pulling in $95 million dollars worth of royalties from the Harry Potter phenomenon. Her creative ideas have made her the third highest earner even years after the release of her books and movies. Drake follows her at $94 million through using his own independent label. Other artists like Justin Bieber, who may have a larger following, only collected $83.3 million last year because of the large team he must pay.

There are a number of ways that celebrities make their earnings, but it is becoming clear that the entrepreneurship skills of an artist is highly related to how long they will maintain that high level of earning.

Getting Rich While Growing Up

The current economy has not been friendly to millennials entering the workforce, and many of these individuals will suffer multiple events of overdrawing checking accounts and failing to pay their monthly bills at some point. It is difficult for millennials to develop the skills necessary for gainful employment, build a network within the industry in order to join the workforce, or maintain an interest long enough to turn a skill into becoming a recognized expertise. There is a dilemma between the rising cost of education alongside the few job opportunities available. Here are a few ways that individuals can overcome these barriers to access levels of massive success and riches.

If your financial planning goals are not being met, then you may have to reevaluate your geographical location. There needs to be a positive relationship between your earning potential and the cost of living. The geographical location of where you work can stress or bolster your money making capabilities, and should be evaluated thoroughly.

Diversify your skills and explore new development and learning possibilities to show a capacity for change. Make an effort to become involved in the industry by attending political events or group meetings in your area. Although volunteering is sometimes regarded as helping another for their benefit, there are also many opportunities that will provide you more benefits than you could ever afford.

Ensure that you decide to make a budget, even one that is adaptable to your income. In today’s economy it is easy to lose track of funds, so create a flexible plan that helps you record the funds, even if you are not strictly budgeted. Even the visual of what you have previously spent will help you plan for the future. Shop smart and don’t live rich before you are rich. Never spend more than 10% of your income on the indulgences of life, and you will be able to ensure that a percentage of your income goes to your eventual massive wealth.

Tips from the Rich: Audit Yourself!

If you want to join the club of the richest people in the world, then you’ll have to incorporate some of their best tips and tricks into your lifestyle. Rich people don’t get rich overnight, although many materials would suggest that they do. You’ll need to incorporate these tricks and tips into your daily life to ensure that you’re always on your way to riches. Just one mistake could hold you back from making that big time money, so don’t allow yourself to fall behind. Take these tips and put them into action right away.

The richest people will tell you that they are very organized with their money. If you forget to audit your spending, you’ll soon realize that many of the changes that you would have had to make to get rich, would have been easy in retrospect. So make the changes today and don’t fall behind. Look over your accounts and the way you tend to spend money. Take an audit of the things you need to pay and the things you could get away with not having to. When you look over what you are paying every month, are there subscriptions that you no longer use? Are there memberships that could be cancelled? Are there other choices you could be making? These questions are vital to your money making success.

Travel frugally, and don’t ever splurge without a full understanding of your finances. Shop smart and keep educated about the best deals and times to buy. A smart, rich person is a great decision maker, but they constantly weight the options, ensuring that their choice will help them land at the top of their game. Don’t allow yourself to be bullied into being rich before you actually are. You have to live below your means for awhile in order to get ahead of yourself and live a life of luxury.

Reality Riches: Glam Lifestyle

The modern era has brought some of the richest and wealthiest lifestyles to our attention through television and advertising. Reality TV has shown us that anyone can attain a luxurious lifestyle. For example, an unknown person can strike gold by getting famous through reality TV. Kim Kardashian got famous from a sex tape, and Kate Gosselin did it by having six kids at once. It doesn’t matter what the gimmick is, there are thousands of people hoping to fall upon this gold mine worldwide.

Reality TV has brought fame to those who are normally talentless because there is something attractive to the public about their personality or the way they live their lives. Many people have used the lives of the rich and famous to glamorize that lifestyle. The Real Housewives reality series has become a multifaceted franchise and catapulted some of their ladies into super stardom. The real world has brought massive riches to its contestants through their career style TV show appearances.

Reality TV show gaming allows contestants the opportunity to bring home big cash prizes, and those individuals don’t usually access a lasting source of income or fame. These individuals try out for a number of shows looking to find their jackpot at the end of the rainbow. The fame accessed by the Kardashian family has shown the public that obtaining riches is acceptable at the expense of your morals.

Are you someone who is hoping to step into a life of luxury? Are you looking to do it for yourself? There are plenty of ways to get rich quick, but if you want that pride for yourself then you’ll have to put in your time. There are many celebrities who top the charts when it comes to riches, and modern society has popularized a rich lifestyle by any means. But don’t get caught up in the Hollywood glam of reality TV riches, and ensure you’re on the path to lasting success.