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Jennifer Lopez: From Jenny from the block to JLO and $100 Million

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“You have to fight for the things you want.” – Jennifer Lopez

Jennifer Lopez is a quadruple threat: actress, singer, dancer, and producer.

It was recently reported earlier this month that in March 2019 she got engaged to former MLB phenom Alex Rodriguez (A-Rod).

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Jenny from the Bronx has parlayed her talent into major coin.

Her estimated net worth is over $300 million.

Insider reported it as high as $400 million!

So how did Jenny from the block earn her wealth?

Well, you are about to find out.

As you may know, I am on a mission: financial freedom.

Therefore, I started to study the self-made.

How did they get so wealthy? What did they do? What do they do with their 24 hours we are given in a single day?

Today we talk all things J to the L-O! Hello!

Let’s go!!!

STARTING OUT

Jennifer Lynn Lopez was born on July 24, 1969 in Castle Hill, New York City. Growing up in the Bronx with her parents and siblings she watched how hard her parents worked to make a living as Puerto Ricans living in the richest country in the world.

She knew that she had a responsibility to do well because her parents gave and sacrificed so much.

She was quoted in an interview as saying, “I had to do well. I couldn’t let them (her parents) down.”

Jennifer says she was always training for something. And dance become her go to activity.

DANCING TO THE FRONT

In 1991, Lopez began appearing as a Fly Girl dancer on In Living Color, where she remained a regular until she decided to pursue an acting career in 1993.

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These are HER lyric from “Jenny from the Block.” Let J. LO tell you her story.

From In Living Color and movie scripts

To On the 6 to J. Lo to this headline clips

I stayed grounded as the amounts roll in

I’m real, I thought I told you

I really been on Oprah

That’s just me

Nothin phony, don’t hate on me

What you get is what you see

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If you have ever seen the Janet Jackson video “That’s the way love Goes,” then you will see a young Jennifer Lopez dancing and talking to Janet. She performed as a dancer for her while as pursuing her dreams of acting.

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I love the lyrics to that song and how it starts out.

Like a moth to a flame

Burned by the fire

My love is blind

Can’t you see my desire

That’s the way love goes

So you could say like a moth to a flame, J. LO gravitated towards acting. Haha

You also may remember her dancing with Puffy or P. Diddy, as he goes by now, in the music video “Been Around The World.” That was in 1997. Haven’t seen it. No problem.

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JLoThis 1997 music video  Puff Daddy Been Around The World

I have the footage right here thanks to Youtube 😉 Enjoy!


Jennifer Lopez HOT Dance Scene With P Diddy

HER BIG BREAK STARRING AS TEJANO MUSIC SUPERSTAR SELENA

In 1995, the world lost Tejano music’s biggest star Selena Quintanilla. Due to widespread reports of unknown causes of events that surfaced, her family decided to tell the world her story. That became the 1997 film Selena.

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A story of a girl who had the spirit to believe in a dream and the courage to make it come true.

Movie poster reads: A story of a girl who had the spirit to believe in a dream and the courage to make it come true.

The film that made Jennifer Lopez a star: Selena.

Released in Summer 1997. Based on the life of Tejano superstar Selena.

In 1997, Lopez played the title character of Selena Quintanilla-Pérez in Warner Bros. “Selena.” Lopez was 28 years old when she portrayed the late singer.

After an intense media frenzy, auditions for the role of Selena sparked applications from about 20,000 Latinas from around the globe, one woman was selected that stood out from the bunch: Jennifer Lopez.

The role of a lifetime was won to play Mexican-American music star Selena.

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People Magazine

Jennifer Lopez Reflects on Selena Quintanilla and Where She’d Be Now: ‘She Was a Star’

Jennifer Lopez in the film playing Selena.

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Fun Fact: People Espanol was started because of Selena.

The real J. LO. She too likes to wear white.

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Jennifer Lopez as Selena.

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Jennifer Lopez wearing Selena’s iconic red lipstick in the film Selena

Fun Fact: Selena favorite lipstick was Brick by Chanel, she did her own makeup and her favorite shoe store was Payless. Favorite pizza: Pizza Hut thin crust double pepperoni.

One of my favorite scenes from the film.

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jennifer lopez selena GIF
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If you watch Selena perform, you not she is doing tons of cardio.

Fun Fact: Selena would walk around her neighborhood EVERY. SINGLE. DAY.

And don’t take no crap from anyone.

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The real Selena Quintanilla Tejano singer and superstar

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The album that put her on the map. Selena Live!

Nominated for a GRAMMY in 1994
Selena Live! Best Mexican/American Album

Selena won her first career GRAMMY for Best Mexican-American Album for Live at the 36th GRAMMY Awards in 1994, marking the first time a female Tejano artist won the category.

She was gone less than a year later.

Awards/Accomplishments. In 1987, Selena became a spokesperson for Coca-Cola. Selena won the Tejano Music Award for Best Female Vocalist running every through 1986 to 1996. Received 8 awards at Lo Nuestro Awards, 34 Tejano Music Awards, Kuno’s People’s Choice award, and first Tejano artist to win a Grammy.

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Always smiling, laughing, and joking around. That was Selena.

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So full of life and light
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Selena Quintanilla 1971-1995 May she forever Rest In Peace.

The movie Selena would make Jennifer Lopez one of the highest paid Latina’s in film.

Many have reported that she is the highest-paid Latina film actress in history.

It was estimated that she received a $1 million payday for the film.

Her life and BANK ACCOUNT has never been the same.

A STAR IS BORN TO SING

Just keep your head down and work. Success comes when you work harder than everybody else. – Jennifer Lopez

After wrapping the film, Jennifer Lopez decided her next ambition would be recording an album. She set her sights on making this goal happen.

She got a record deal and worked with music super producer Tommy Mottola of Sony.

In an interview she said that people did not believe in her project; therefore, she had to put some of her own money into it.

You get what you give. What you put into things is what you get out of them. – Jennifer Lopez

That pet project would become her first album: On the 6.  

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As reported by Insider, Lopez’s debut single “If You Had My Love” was released in May 1999, and it immediately landed on the Billboard charts. In fact, “If You Had My Love” became the first debut single to top the Billboard Hot 100 since Britney Spears’ “…Baby One More Time” a mere four months earlier.

One month later in June, her debut album “On the 6” was released, effectively solidifying Lopez’s status as a Latin pop artist. Certified by the RIAA, “On the 6” is 3x platinum, selling 3.42 million units worldwide.

She never looked back.

AIN’T IT FUNNY HOW THINGS WORK OUT

When Jennifer Lopez was at her peak, in 1999-2002, she was deigning clothes, singing, dancing, performing, acting, starring in hit films, on the cover of magazines, and putting out perfume fragrances.

The iconic green Versace dress! GRAMMYs 1999.

Caused a sensation and put her on the top of the map. Every news outlet had a picture of THAT dress! A great way to get people talking about you, if they weren’t already.

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Caused a sensation

One of the things that sticks out was when she started going by the name J. LO. She put out an L.P. of the same name. She said her mother loved that name and would say it over and over…J. LO J. LO.

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However, what made her a household name was the infamous video with Ja Rule “I’m Real” that was in constant rotation on MTV and BET Total Request Live (TRL).

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Fun Fact: Jennifer Lopez Says She Personally Chose That Juicy Couture Tracksuit for Her 2001 “I’m Real” Video with Ja Rule

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I’m Real video

Here is the video just in case you have not seen it.

She also did the song “Ain’t it Funny.” Again featuring her partner in crime (of making sweet music that is) Ja Rule. Together this pair made magic happen. They just had great chemistry when working together.

Ain’t it funny dropped off the J. LO album on June 20, 2001.

Here are some lyrics for you.

J to the L-O

Hello

Well now you know where I got that from, which I state at the beginning of this post. 😉

Here is the chorus

Ain’t it funny

Baby that you want me, when you had me

Love is crazy, I’m glad I can smile and say

Ain’t it funny

Then came “Jenny from the Block.” This song dropped on September 26, 2002.  One of her HOTTEST music videos! If you had no idea what she was capable or of who she was, then this video stopped all doubts.

The lyrics go like this.

Don’t be fooled by the rocks that I got

I’m still, I’m still Jenny from the block

Love my life and my public

Put God first

Then can’t forget to stay real

To me it’s like breathing

Ah yes, she says to stay real or I’m real in this song. An obvious reference to her song I’m real with Ja Rule. 😉

Here is the chorus.

Don’t be fooled by the rocks that I got

I’m still, I’m still Jenny from the block

Used to have a little, now I have a lot

No matter where I go, I know where I came from (from the Bronx!)

Check it out here.



JLo pictured in her 2002 music video Jenny from the Block

Unlike her previous studio albums: On the 6 (1999) and J.Lo (2001), Lopez had a more “hands-on” role on This Is Me… Then. The 2002 album also had more of an adult-R&B sound. Musically, majority of the songs on This Is Me… Then were lyrically “dedicated” to her relationship with then-fiancé, actor Ben Affleck.

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All I have video 2002 featuring LL Cool J

The Age newspaper said the album was a “declaration” of love for Affleck.

The many looks of J. LO.

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J. LO is Pretty in Pink.

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 During an interview, Lopez said “I wrote a lot of songs inspired, in a way, by what I was going through at the time that this album was being made, and he [Affleck] was definitely a big part of that.”

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MTV VMA 2002

Magazine Covers of Jennifer Lopez.

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JLO $100 Million Woman
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ON A WORLD TOUR WITH A MIC IN HER HAND

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“I have to work, for my soul.” – Jennifer Lopez

Nearly two decades since the release of “On the Six,” Lopez has dropped seven more albums, and has a ninth album slated for release this year.

Lopez has embarked on five tours, and that has undoubtedly added to her net worth. Her first tour, aptly titled “Let’s Get Loud” was in 2001 and she walked away with a reported $765,000 in earnings, according to Money Nation.

The bank balances keep rising as her star does.

Lopez has earned an estimated $90 million for appearing on the big screen, according to Celebrity Net Worth.

She was also a judge on “American Idol” for three years. At a reported $12 million per season, according to Billboard, that’s an impressive $36 million for serving as a mentor to well, the next Jennifer Lopez.

J. Lo is also a business maven.

Just like Rihanna.

See my post Rihanna from music maven to mogul

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Aside from her musical and acting talents, Lopez is also a savy businesswoman. In 1998, she founded her clothing line that currently sells swimwear, eyewear, and fragrances. In 2004, her brand earned $300 million in revenue, making J. Lo the 19th richest person under 40, according to Fortune.

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A decade later, in 2012, J. Lo set out for her first worldwide tour, the Dance Again World Tour. After 78 shows, this would be Lopez’s highest-earning tour, and she pocketed $50,362,300, according to Money Nation.

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If you look at the difference in her first tour in 2001 and her one in 2012 ($765,000 to $50,362,300), you will notice it took over a decade to earn this type of money.

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Angel Eyes 2002

What does that tell me?

That building wealth TAKES TIME.

It took me 6 years to go from saving $1 a day to $50 a month to $15,000 a year!

I make a goal and then chart a course to get there no matter how long it takes.

Just like Jennifer Lopez.

Between her current residency in Las Vegas and worldwide clothing line, J. Lo is hardly short on funds.

On January 20, 2016, she debuted at Planet Hollywood Resort & Casino her “All I Have” residency, dazzling fans with sequined pieces and elaborate sets.

On August 13, her shows reached an incredible milestone: $1 million in ticket sales, the highest grossing show in Planet Hollywood’s history, according to Billboard.

Between June 2016-June 2017, Lopez made $38 million dollars, consequently landing her at the #11 spot on Forbes’ Highest-Paid Female Celebrities of 2017. She’s also already made an estimated $47 million in 2018, according to Forbes.

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Jennifer Lopez performing with Pitbull
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Given her newly announced acting project, anticipated 9th album and a just-released makeup line, Jennifer Lopez will likely only see her cash flow increase.

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All I have to say about JLO is this: Veni, vidi, vici. Latin translation: “I came; I saw; I conquered.”

Well Jennifer Lopez came, saw, and conquered show business.

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In the illustrious words, and famous favorite saying of Selena: “You go girl.”

I have learned a lot from Jennifer Lopez. That with hard work, drive, passion, determination, consistency, and persistence you can achieve great things.

However, what I have learned most of all…is that she is still Jenny from the Block. 😉

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For more posts I have written about the self-made you can check out my other posts

Dwayne Johnson: The Rock Solid and The Fast and The Furious Way To Make Millions

Halle Berry on success and failure: Why She and I Continue To Save So Much

3 Money Lessons from Til Debt Do Us Part

“Money isn’t rocket science.” – Gail Vaz-Oxlade

Til Debt Do Us Part is a Canadian television series that follows couples that are going through financial crisis and financial expert, Gail Vaz-Oxlade, comes in to help the couple find solutions.

The series ran for over 100 episodes from 2005-2011. It also had a spin-off called Princess.   She teaches couples to go from red to black and gain control over their money.

The show would air right after the Suze Orman show during its run on CNBC. Read my post Dom Perignon Taste on a Budweiser Budget to see how it all went down on Suze’s show.

#1 REASON COUPLES BREAK UP

Money is the number #1 reason couples break up. She visits couples weekly and gives them challenges to help with their finances. Then at the end of each episode, after about 4 weeks, she awards the couple with up to $5,000 dollars to help them get out of debt.

CUT THE CHEQUE

By far the best part of the show, in my opinion, is when at the end of one month, Gail Vaz-Oxlade gives the couple a cheque for an amount up to $5,000, depending on their attitudes and how well they did during the challenges. Keep in mind, couples could get less and some have. One of the lowest amounts I have seen her give was $3,000, which is a 40% reduction of the prize money.

The show was so popular that a 52-Week Life Planner was released based on the television series and offers day-by-day, step-by-step strategies and tips for successfully managing household finances.

This reminds me of a Tom Holland interview he did for Spiderman talking about how Anthony Mackie always says, “cut the check.”

https://twitter.com/UNILADFilm/status/886949865330155521

Let’s get back to Gail.

If you have never heard of the show Til Debt or can’t remember it, no worries, I will take you back down memory lane tonight.

WHO IS GAIL VAZ-OXLADE?

“We feel good when our homes are bright and shiny, put a little elbow grease into your money and it’ll glisten too.” – Gail Vaz-Oxlade

Gail Vaz-Oxlade is a financial writer and was a columnist for numerous publications as a freelancer including Yahoo! Canada Finance.  She has helped people from high finance to low-income solve their money problems. Eventually, she became a television personality due to all of her work in finance and that is how the show Til Debt came into existence with her as the host.

She has written numerous books on the topic of finance. I have actually read one of her books called Debt-Free Forever.

Gail has a no-nonsense attitude when it comes to money. And that is what makes her so good at what she does.

FOR THE LOVE OF JARS

“You can have everything you want. All you need is a plan. And how do we spell plan? B-U-D-G-E-T!” – Gail Vaz-Oxlade

Watching the show was very interesting. One recurring theme was the jars. Gail advocated for couples to live on cash.

Every single episode, you got cash jars. You would put in a certain dollar amount. When you spend, you write it down in the budget binder cause cash slips through our fingers easier than that snail did with Julia Roberts in Pretty Woman.

Some couples were taking out cash at the ATM from their bank accounts or doing cash advances, which Gail said she could not track so we don’t know where the money went. When it’s gone, it’s gone. Without writing it down or keeping receipts, there is no other way to track cash. So, jars it is.

MONEY LESSONS FOR GAIL

Gai loves cash and hates banks. She thinks they are bleeding people dry slowly with their interest and fees. Gail says banks are wolves in sheep’s clothing. The only way this will change is to teach financial literacy in school. I say start in elementary when they are old enough to start asking for a $1 lollipop, it’s time to start the finance lessons.

Check out my posts on banking.

Banking at Credit Unions versus Banks – The Great Debate

New Banking Rules: Clear a check payment in a day

Q&A with Lisa Servon:, Author of the Unbanking of America

This is the secret recipe to building wealth: You need to make more money and you need to spend less money.

Here are 3 lessons that Gail taught me: (1) both partners need to manage the money, (2) no retail therapy, and (3) debt repayment takes time.

LESSON ONE: GAIL ON COUPLES MANAGING MONEY

  1. Do not have only one partner manage the finances.

“It’s not unusual for one person to assume the nitty-gritty of daily finances…. The problem is that when one person is excluded, or totally abdicates responsibility, it means the other can mess things up with no monitoring or grow resentful at always having to do the detail…. Taking turns managing the chequebook, and having regular conversations so that both of you are clear about what’s going on, means you’re both in the know and working to the same ends. It also means that one person doesn’t have to deal with all the crap, while the other merrily laughs off the stress and frustration with, ‘You’re managing the money, so this is your problem to deal with.’ (Yes, there are dopes who say this.)”

Always know what is happening with your money. I don’t care who signs the check and put it in the envelope. Just make sure you lick the stamp. Be involved. Ask questions. Don’t be in the dark.

It’s kind of like that scene in Charmed in the episode Be Careful What You Witch For. Remember that scene in the beginning, after the opening credits. I want you to be skeptical like Phoebe. Always know who you owe and how much. Nothing is for free.

The conversation went like this:

PhoebeI don’t get it you’ve been stuck in that bottle for two hundred years then someone finally sends you to us and you’ve no idea who licked the stamp? I find that very hard to believe.

Genie:What? I don’t get it you win the lotto and you’re asking for explanations?

Piper:Actually we’d like to know who to send the thank you note to.

Same conversation you should have with your partner, but about which creditor.  And winning the lotto, yeah right? Read my posts Forget casinos, bet on yourself and Mega Millions win or bust.

LESSON TWO: GAIL ON RETAIL THERAPY

  1. Forget retail therapy

“Plastic is anesthetic — it dulls the pain, and then what happens is you just keep waiting for the next fake high.”

And don’t I know it. I had a huge shopping problem for years. It was done as a way to dull the pain of the things going on around me – low-income, working full-time, going to college – I was a mess!

I had some pretty terrible managers when I was younger too. All the stress was getting to me. I had to find a way to cope, but shopping was not it. As I got more mature, I found ways to de-stress that were cheaper or free.

I have said it before that credit is seductive and addictive. It should not be used to replace your emergency fund (liquid cash). However, if you do, be strategic and use credit wisely and sparingly.

How to get access to a $250,000 Emergency fund with $0 of your own cash

How Benjamin Franklin used 13 virtues to get rich 

LESSON THREE: GAIL ON DEBT REPAYMENT

“A goal without a deadline is just a dream.” – Gail Vaz-Oxlade

  1. Slow and steady is the way to repay debt.

“One step at a time. You are on your way. Expect challenges. Keep your goal where you can see it.”

You better believe it. If it took you 8 years to accumulate the debt, thinking you can pay it off in 3 months is delusional. See my post Getting out of debt one step at a time.

The good news is that once you recognize you have a problem with debt, then you can work on solutions. I have noticed that generally 2-3 years of cutting back and attacking debt is usually enough time to pay off most if not all of your consumer debt except the mortgage and student loans. After 5-7 years, the only debt left is usually the mortgage. That is a small price to pay for freedom.

TIL DEBT O US PART

I did a search online and found this synopsis of the show’s premise at IMDB.com. It’s spot on.

Storyline

Money can’t buy you love. But keeping love alive without money can be pretty tough. In fact, ninety percent of marriage breakups are due to money problems. And to get advice on how to manage money usually costs money! Til Debt Do Us Part, is a series that offers tough-love solutions to those willing to face their financial troubles head on. In each episode we meet a couple in crisis. Some are on the verge of bankruptcy, hounded by creditors or facing eviction. Others are just getting by, but in the midst of a personal meltdown or relationship breakdown because of money issues. With the sensitivity of a therapist and the toughness of a CFO, our host, renowned financial author and columnist, Gail Vaz-Oxlade reveals what she’s found in a couple’s finances – and then she’ll dig a little deeper. She asks some tough questions and then they’ll be forced to face reality. Where will it end if they continue on this rocky road? To get things back on track, Gail takes control of their finances …

This show was very eye-opening in how people managed their finances. Many did not have a clue what was coming in and going out. Gail would come in with her screen shots of the couples bank accounts and spending and give it to them straight.

Many times the wives would burst out in tears after seeing how much debt the family was actually in. Lots of couples were in over their heads. Some so deep in debt they had to consider selling their house, or worse, bankruptcy!

Some couples did not want to make any changes. Even though they were debt up to their eyeballs. These people needed to get their priorities straight. Much like Hermione, in Harry Potter.

Here is the show’s Intro and theme song along with a promo. This is just a taste, a light sampling, of what you are in store for with this show.

There are 2 episodes that stand out for me. They were called The Worst Family Ever and Love Affair with Luxury.

MONEY WORRIES CAN CAUSE SLEEPLESS NIGHTS

In the S03E13 entitled, “The worst family ever?” One couple were living in the wife’s family basement for about a couple of years. They spent with reckless abandon. Oh, the couple popped bottles night and day. Especially, after moving out and buying their own home for about $225,000. That’s not bad. What is bad is that they saved zero dollars while sponging off her parents.

That’s right. While mooching off the rents’ they saved $0. Not one dime. Even Scrooge McDuck saved his number one dime. See my post Money Lessons I Learned from Scrooge McDuck. Also, check out Why the Rents’ shouldn’t pay your rent.

Then, to make matters worse, they threw non-stop parties at their house for friends and family. This was obviously all to make themselves look good to friends and family. In Yoda speak, so concerned with appearances they are.

“Happy people don’t worry about what other people think about them.” – Gail Vaz-Oxlade

OUT OF CONTROL SHOPPING FOR BABY BUT THE KIDS ARE ALRIGHT

In addition, they expanded their family and had a son, but financially were unprepared for this. At one point, the wife was spending $1200 a month outfitting junior! I couldn’t believe it. What is she buying Versace onesies? Get real. A baby doesn’t care. They just want to be warm, feed, and dry.

This couple were overspending by the tune of $4,100 a month! Holy spending gone bonkers, Batman!

Fun Fact: For those of you unfamiliar with that Batman line, here is where it comes from. The Batman television series from the 1960’s. Batman was American live action television series, based on the DC comic book. It starred Adam West as the titular character and hero Batman and Burt Ward as his sidekick Robin.

It was also turned into a cartoon series. Here is Robin at his finest with his sayings. Hilarious!

I decided to post it so you won’t ever have to get the tongue lashing that Penny got from Sheldon on an episode of The Big Bang Theory about Batman at 2:48 into the video.

The Precious Fragmentation – Season 3, Episode 17
Aired March 8, 2010. One of my favorite episodes.

https://www.dailymotion.com/video/x6ng6kb

It was about The Lord of the Rings. Even Raj used a Holy Robin saying in there!

In this next video, Sheldon gives a fun fact to Raj. Now, you know where I get it from.

Now, back to the story.

The way the couple on the show  were able to overspend like that, drumroll please…the credit cards!

When Gail comes along they are so bad she tells them they have to sell the house. They flat out said they could not sell the house. Even though they are on the path to $1.3 million in debt and possible bankruptcy! Gail, at one point in the show, tells them they are the worst couple she has had on the show and that she had a few sleepless nights worrying about how to help them out of this situation. Coming from Gail, that’s scary.

The way it went down, it reminded me of that scene in The Chipmunk Adventure, when Jeanette and Eleanor was telling the Arabian prince that Brittany spends money like a drunken sailor and Brittany got mad. Hilarious. I just so happened to find the footage of that particular scene and the movie on YouTube. Hope you have fun watching! No need to thank me.  Like Dean Winchester says, “You’re Welcome.”

SHOULD YOU FINANCE A $100,000 CAR?

“Change brings challenges, learning, and a sense of New. Change is full of promise.”- Gail Vaz-Oxlade

In the S04E03 entitled, “Love Affair with Luxury,” which aired March 6, 2008, is the gold standard of delusions of grandeur when it comes to money management. The wife, Simone, is a champion shopper and a spendthrift who manages to make 53 shopping trips in a single month! That’s nuts. Even though she’s on maternity leave, a luxury car is next on her shopping list.

The only reason the couple is able to afford such luxuries is because they have each other’s incomes. The minute one person’s income is gone or reduced, i.e. disability or divorce, the whole house of cards comes tumbling down faster than the stock market has in the last 30 days.

Check out this post by BudgetsareSexy to see just how far down the stock market has gone in his The Red Wedding of Net Worth Reports.

LOVE AFFAIR WITH LUXURY SUMMARIZED

I found the plot summary for the episode Love Affair with Luxury online at IMDB.com.

Frank and Simone’s combined $110,000 annual income is currently curbed by Simone being on maternity leave. Simone is addicted to what she believes she needs to keep up appearances in every respect, which includes working out at the gym, and spending money on “stuff” for herself, such as clothes, getting beauty treatments of various kinds, and having a beautifully appointed house. A $125,000 new car is next on the list. Simone, however, states that she would never do anything that would place her family at risk. But Frank doesn’t realize he is just as guilty, spending money on his electronics, which includes six large television sets in their house of four people, including one infant. This spending has resulted in $55,000 in consumer debt so far. They constantly fight about money, something having to give if their marriage can overcome this issue. As such, Gail issues them challenges largely focusing on dealing with their root problem, namely their addiction to luxury, this focus which not only entails them doing the challenges, but understanding why she has issued these challenges.

At one point in the show she says, “we can finance $100,000 can’t we.” For a car no less! If you have ever read this blog, you know I can’t stand cars for the simple reason that they can keep you in debt forever. You could spend a couple hundred grand on cars in a lifetime. You know how much interest you could earn on $200,000! Here are just a few on my posts on my beef with car loans below.

If you want to be wealthy, drive a Ford 

Why not to own a $50,000 car on a $25,000 salary 

Life is good without a car payment 

A car and nothing more

Outrageous Loan Terms for Porsche that even the Rich can’t justify 

FINAL THOUGHTS

Money is a tool we use in the present to create the reality we want in the future. Learning about finance is a good start. Practicing good money habits and teaching your kids to understand the concepts of money – budgeting, saving, and spending – you help create their reality.

So, I want to always stay in control of your…I will now end this post in the last words of the Til Debt Do Us Part theme song, money, money, money, money, money, money, moneyyyy!