It takes some work to spend $2 million a month like Johnny Depp has been the last few years. I mean, come on, that does take some work to do that (but I’d love the chance to try, right). You don’t need to have Johnny Depp’s bank account though to let yourself get carried away with your budget and spending.

Did you know that Johnny Depp was spending $2 million a month? What? You don't need to be mega rich to outspend your bank account, but no matter what, you've got to learn how to budget for your life.

I’m often asked the question, “Why should I do this budget thing anyway?” Well, what is it that you want to achieve – buy a house, start a family, move to France, travel to the Bahamas?

What is it that you’re playing for? You see, even Johnny Depp’s financial advisors started to waive some caution flags in front of him when his spending got carried away. When this happens, it’s time to dial in and budget for your life, not your bank account.

On This Podcast Episode:

  • We’ll chat about the ridiculousness of Johnny Depp’s spending
  • How you can visualize your own spending
  • Where do you begin to set some boundaries
  • What are you playing for

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Disclosure:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) and financial strategies may be appropriate for you, consult your financial adviser prior to investing. There is no assurance that the techniques and strategies discussed are suitable for all investors or will yield positive outcomes.

 

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