After Spencer Pratt and his wife Heidi Montag made and spent $ 10 million in a exclusive yr , he said , " The affair is , we heard that the planet was going to end in 2012 . We thought , we have got to drop this money before the asteroid hits . "
Plenty of celebs love to flex their luxury purchases and lavish lifestyles. While the amount of money in their bank accounts is really their business, sometimes, they think it qualifies them to give sound financial advice.
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Sometimes, that advice is pretty solid for anyone, like whenSarah Michelle GellartoldCNBC Make Itthat she clips coupons “to this day.” Other times, however, the advice is a little, well, out of touch. Occasionally, celebs also complain about the supposed “drawbacks” of being so rich.
Here are 14 times celebs were out-of-touch when giving financial advice or complaining about money:
1.In 2010, Kim, Kourtney, and Khloé Kardashian launched the Kardashian Kard Prepaid MasterCard, a prepaid debit card “laden with pernicious and predatory fees that swallow card value.” Connecticut Attorney General Richard Blumenthalcriticizedit, saying, “Keeping up with the Kardashians is impossible using these cards…The family is marketing a dangerous financial fantasy.” According toForbes, it was “one of the worst products to enter the financial market in a long time.”
The notice was only on the market a calendar month before it was pull up . Reportedly , only 250 bought it .
2.In 2017,Kim KardashiantoldInside Editionabout why she felt it was “harder” for her and her siblings to grow up in a well-off family.
Here’s the full clip, with this part starting at the 2:27 mark:
3.In 2022,Kim Kardashianinfamously toldVarietyher “best advice for women in business.”
However , Varietydeniedher call that they hold her quote out of context .
Watch the full video below, with this part starting at the 5:12 mark:
4.In 2023,Mark Cubanwaslabeledan “out of touch billionaire” after aTikTokvideo in which he shared some financial advice that young people are used to hearing.
You can watch his TikTok below:
5.Complaining about how much she had to pay in taxes in 2011, Adele told theGuardian, “I’m mortified to have to pay 50%! [While] I use the NHS, I can’t use public transport any more. Trains are always late, most state schools are shit, and I’ve gotta give you, like, four million quid — are you having a laugh?”
" When I have my tax bill in from [ the album]19 , I was quick to go and buy a gun and randomly unfastened fire , " she said .
6.On a 2018 episode ofThe Ellen DeGeneres Show, Ellen and her guestAli Wongdiscussed their experiences with poverty. While Ali said that she was “still super duper cheap,” Ellen said that growing up poor had the “opposite effect” on her.
Here’s the full video, with this part starting at the 3:40 mark:
7.In 2020, YouTuberJake Paullaunchedthe Financial Freedom Movement, an online course that, for $20 per month, promises to teach you how to start a career on social media and the internet. In the first video, he reportedly encouraged students to “quit your job and fire your boss, or quit school because you’ve been lied to” and said, “The system is broken. Ask yourself why are there teenagers making millions of dollars and broke 40- and 50-year-olds?”
To make matters worse , the form was aim at children and tweens .
Leslie Rasmussen , an associate professor at Xavier University , toldBuzzFeed News , " We have this high - profile YouTuber sell this path that to me is a little life-threatening , and to me , it ’s particularly dangerous to the younger viewing audience of this epithelial duct . It is n’t likely for most folks to arrive at it grown on YouTube because it ’s so pure now . The landscape painting now is n’t what it was when Jake Paul introduce . "
Jake toldBuzzFeed News , " If you want to become an enterpriser and you require to become financially free , you do n’t want school . But my message is not to drop out of schoolhouse … Your kid is wanting more . If they ’re the kid in course of study that is maybe not applying themself but are extremely smart , this will learn them skills they ’re not learn in shoal and they ’re take from someone they look up to . Think about study from someone you look up to versus some Mrs. Smith who you do n’t even get it on … This is something I ’m super passionate about , and before I go bad , I desire to make a difference in the world . "
Inside Edition / Viayoutube.com
8.When Danny Pudi appeared onLarry King Nowin 2020, the host asked him about his favorite luxuries but refused to accept “socks” or “coffee” as an answer. Larry gave Danny a suggested answer that was far out of many people’s price range, including Danny’s.
Here’s the full video, with this part starting at the 3:20 mark:
9.In a 2022TikTokvideo, a fan asked Oprah Winfrey to offer a suggestion for “a favorite gift for [their] mom [who’s] not doing well.” Oprah answered, “You know, a wonderful thing is that jewelry box that I had on ‘Favorite Things.'” The fan told her it was too expensive," bur she said, “It’s not. It’s really not, it’s like 100-and-something dollars.”
However , she eventually recite them , " Okay , then this is the perfect gift for your mummy ; you do a listing of your top 10 rationality why you love her , and you make a beautiful card , and it’syourtop 10 . "
10.On a 2022 episode ofThe Late Show with Stephen Colbert, the host joked about record-high gas prices in the US, using his luxury electric car as the punchline.
11.In 2013, Spencer Pratt toldOK! Magazinethat he and his wife, Heidi Montag, “made and spent at least $10 million” in 2012. He said, “The thing is, we heard that the planet was going to end in 2012. We thought, we have got to spend this money before the asteroid hits.”
Having learned from his misunderstanding , he continued , " Here ’s some advice , unquestionably do not drop your money thinking asteroids are coming . But the world did n’t end . I would give my friends $ 15,000 for their birthday . Just hard currency . I would buy citizenry cars . Every valet I touch gravel a duad of hundred pounds tip . I would compensate multitude $ 200 just to open up doors for us . "
12.Amidst the Great Recession, Natalie Portman toldInterview Magazine, “As far as the more general state of things right now, I think it’s kind of an exciting time. I mean, everyone is cutting back. It’s happening in every industry — including our own. But I think that’s going to translate into a situation where people aren’t motivated by money as much as they have been in the recent past.”
She continued , " A lot of my friends from college snuff it into fields like banking for financial reasons — manifestly people have school loans and thing to pay off . And now , all of a sudden , they ’re doing occupation that they hate and they ’re not make as much money as they cogitate they would or they ’ve miss their job entirely . So I ’ve started to see people look more toward their own passion and what really stimulate them . Obviously it ’s much easier to say that you ’re going to follow your Passion when you ’re financially secure , but at least we can take comfort in the fact that we now have the prison term to follow up on the affair that we really want to pursue because now the option of doing things just for the money is n’t necessarily there . "
13.In 2009, Craig T. Nelson discussed his dissatisfaction with the way California spent his tax money. He toldFox News, “I’m really thinking about [not paying income tax anymore]… because as a fiscally responsible grandfather, there are programs that they’re asking me to fund that I refuse to fund…I’ve been on food stamps and welfare. Anybody help me out? No. No. They gave me hope, and they gave me encouragement, and they gave me a vision. That came from my education.”
He also said , " [ California is ] no longer a country . It ’s a hedge monetary fund … Well , I do have a solution . There is only one means . We have to make the great unwashed stand up for the responsibilities . They were accountable . And they have n’t been . No one is accountable anymore for anything . No one did anything untimely . Well , you ’re to blame . That ’s to blame . This is to charge . As an investor , as someone who gets taxed an terrible lot , I just say I ’m not going to compensate until you guys can show me that you ’re in fiscal matters responsible … "
14.And finally, in 2022,Location, Location, Locationpresenter Kirstie Allsop — who reportedly had help from her family when she purchased her first home — told theSunday Times, “When I bought my first property, going abroad, the easyJet, coffee, gym, Netflix lifestyle didn’t exist. I used to walk to work with a sandwich. And on payday, I’d go for a pizza, and to a movie, and buy a lipstick. Interest rates were 15 percent, I was earning £11,500 a year.”
respond to someone who criticise her onTwitter , she reportedly respond , " Either you think I ’m an out of touching rich kick who does n’t get how hard it is to buy a home in many role of the UK , or you do n’t . The Times can wrick thing as much as they desire , but in the end , it ’s down to whether you believe in my empathy , understanding , and experience or not . "
