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A Frugal Star

Posted: 06 Dec 2016 02:05 AM PST

Mashable tells the story of a frugal star, Daniel Radcliffe of Harry Potter fame.

It starts with a guess of how much he's worth (somewhere around £60 million) and then transitions to the fact that he doesn't spend any of it.

The highlights:

"I don't really do anything with my money," Radcliffe told the Belfast Telegraph.

"I'm very grateful for it, because having money basically means you don't have to worry about it, which is a very lovely freedom to have."

"It also gives me immense freedom, career-wise."

From the sounds of it, Radcliffe is essentially keeping his money as a buffer-zone in order to give himself as much creative freedom as possible when it comes to choosing acting projects.

A few comments here:

  • Good for him! We seem to find stories quite often of celebrities who make a ton of money and spend it all. Finally one of them has some financial sense -- and someone so young too. Bravo!
  • Of course he isn't hurting even if he spends none of it. As of this writing one pound is equal to $1.22. This means he has roughly $73 million. At a 3% return, his annual income is $2.2 million. Not bad.
  • He hit the nail on the head -- having enough money to do whatever you please is a great sense of freedom. It allows you to choose what you want to do with your life versus being dictated to (or at least highly influenced) by others. There's a reason they call it financial FREEDOM!

Ok, so he may not be "frugal". But he's certainly living within his means and I for one applaud him!


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