Celebrities and Personal Finance

Every popular magazine has a column where a celebrity talks about how he/she manages personal finance (investments, savings and expenditure). Although they have lots of money, time and again they have proved that they know nothing about personal finance. All that the celebrities say is that the investments are taken care of by their parents or their financial advisors. The only thing which celebrities talk is about their spending pattern and it is usually CD’s, cars and tech gadgets for actors and jewellery, costumes and perfumes for actresses.

Given that the disposable incomes are increasing rapidly, its high time the magazines and newspapers write about some serious personal finance stuff rather than interviewing some celebrity who has become rich overnight.