Skip to site content

Celebrities are like canaries in a coal mine. Their financial disasters and opportunities are amplified and played out in the public eye, but the underlying principles that lead to their success or failure should be heeded by every individual, no matter the size of his or her fortune.

In this episode of The Money Guy Show, we unpack the successes and failures of celebrities like Lebron James, Melissa McCarthy, Billy Joel, and more. Let’s look at what they got right, where they went wrong, and how you can implement these lessons to make the most of your own finances.

Read The Money Guy blog, Why Do Celebrities Go Broke?

Resources and research from this episode:

Enjoy the Show?

Where You Can Watch and Listen:

Subscribe on these platforms or wherever you listen to podcasts! Turn on notifications to keep up with our new content, including:

  • Episodes of The Money Guy Show every Friday
  • Episodes of Making a Millionaire every other Monday
  • Mini-shows every Wednesday
  • Ask Money Guy Livestreams every Tuesday
  • Tons of other fun content!
Related Content

Free Resources

Financial Order of Operations®: Maximize Your Army of Dollar Bills! Thumbnail

Free Resources

Financial Order of Operations®: Maximize Your Army of Dollar Bills!

Here are the 9 steps you’ve been waiting for Building wealth is simple when you know what to do and the order in which to...

Wealth Multiplier By Age Thumbnail

Free Resources

Wealth Multiplier By Age

If you want to set yourself up for future success, find out how much you need to save every month to become a millionaire.

Car Buying Checklist Thumbnail

Free Resources

Car Buying Checklist

Here’s how you can buy a dependable car that won’t break the bank. Our free checklist walks you through the 20/3/8 rule and strategies to...

Articles

How Do You Invest Across Different Account Types? Thumbnail

Articles

How Do You Invest Across Different Account Types?

Learn how to optimize your investments across different account types, including Roth, taxable, and 401(k) accounts, with tailored strategies for each. Discover how to maximize...

What Is Considered Critical Mass During Wealth Building? Thumbnail

Articles

What Is Considered Critical Mass During Wealth Building?

We discuss when to diversify your investments and recognize critical mass in your portfolio. Learn strategies for maximizing your savings rate and achieving financial success...

Is a High Yield Savings Account Still the Best Place to Keep an Emergency Fund? Thumbnail

Articles

Is a High Yield Savings Account Still the Best Place to Keep an Emergency Fund?

Jay has a 6 month emergency fund in a high-yield savings account. With interest rates likely to drop this year, Jay wants to know our...

Financial FAQs

Courses & Tools

How about more sense and more money?

Check for blindspots and shift into the financial fast-lane. Join a community of like minded Financial Mutants as we accelerate our wealth building process and have fun while doing it.

Financial Order of Operations®: Maximize Your Army of Dollar Bills! Thumbnail

Free Resources

Financial Order of Operations®: Maximize Your Army of Dollar Bills!

Here are the 9 steps you’ve been waiting for Building wealth is simple when you know what to do and the order in which to...

Wealth Multiplier By Age Thumbnail

Free Resources

Wealth Multiplier By Age

If you want to set yourself up for future success, find out how much you need to save every month to become a millionaire.

Car Buying Checklist Thumbnail

Free Resources

Car Buying Checklist

Here’s how you can buy a dependable car that won’t break the bank. Our free checklist walks you through the 20/3/8 rule and strategies to...

Recent Episodes

It's like finding some change in the couch cushions.

Watch or listen every week to learn and apply financial strategies to grow your wealth and live your best life.

Side Hustles Are Overrated (Do This Instead) Thumbnail

Episodes

Side Hustles Are Overrated (Do This Instead)

Are side hustles overrated? We have a hot take about side hustles, and we are ready to share a better approach to reach your financial...

How Much You Should ACTUALLY Save Thumbnail

Episodes

How Much You Should ACTUALLY Save

In this episode, we reveal our new and improved resource, answer your financial questions, and show how Mickey Mouse can help you build your great...

From Broke in Their 30s to Millionaires in Their 50s Thumbnail

Episodes

From Broke in Their 30s to Millionaires in Their 50s

Real estate built their $4.2M net worth, but will complexity could cost Jason and Candida their dream retirement? We analyze their plan to simplify 12...