Today I have decided to something very unusual, something that might be very personal for few people, something that nobody has read anywhere earlier. It is about my favorite celebrity Angelina Jolie and her financial makeover. With financial makeover I do not mean that how well she utilizes her hard earned money. Infact it is about Angelina Jolie's $ 632,000 monthly income out of which she doesn't saves a penny. Isn't that too difficult to digest, yet it is very true. This news has been reported by US's largest selling newspaper.
Since I really care about you Angelina, I am dedicating this post whole heartedly to you. The reason is below I have mentioned some financial tips and advices which Angelina Jolie might find useful and of course her fans too.
First, start saving at least 12% of the monthly income from $ 632,000 so that in case of emergencies you don't need to lend your hand to your dear hubby Brad Pitt. We all know how generous he is.
Secondly, with normal savings try to create a rainy day fund. As per Consumer Federation of America, it has been surveyed that at least 40% of people have $ 2500 as expected expenses in a year. And for a celebrity like you I am sure that figure is bound to be more than a double. Plus with that there might be expenses on car accidents, legal charges etc.
Thirdly, it is better to invest some of your saved incomes. You can invest those saved amount in the share market because who knows after your retirement the average rate of return for those funds might go up to 4 to 5 %.
Fourthly, Start making retirement plans now only. Don't even think that it is too early to do that. According to the surveys from Federation Government, 10% of women over age of 60 is unemployed or is living in poverty. So, why take a risk? Start planning your future right away (obviously with your sweet charming husband, Brad)
Last but not the least please for god sake shop less. I know it is an addiction to you but where there is a will there is a way. Plan out a budget and shop according to that. I am sure at the end of the day you will definitely save more.
So, these are my advices for you Angelina. I hope that you will start following all of them sooner or later. All the best for your forthcoming movies !