From Possible Finance

Being rich and famous is seemingly endless exclusive fashions, expensive dinners, and unbelievable mansions. Behind closed doors, though, many who flaunt their wealth are in financial trouble, taking out exorbitant loans. Take 50 Cent who filed Chapter 11 bankruptcy despite having a twenty million dollar net worth.

This isn’t the first instance where these multimillionaires were left in financial ruin after continuing to “Keep Up with the Joneses.” Hollywood puts pressure on those in the spotlight to act a certain way. Yet, despite the pressure, there are plenty of celebrities who live modestly considering their income.

While those with household names can take advantage of their fame and make additional income from things like celebrities lookalike dolls, the average person isn’t so lucky. There is a lesson to be learned from capitalizing on multiple income streams, though.

Take, for instance, A.J. Francis, former WWE wrestler, and NFL star. Both jobs are notorious for ending careers abruptly after injury or “old” age. Francis took this into account and created another income stream for himself by driving for Uber to support his family whilst earning at his other day jobs. Ed Sheeran did the same by placing his additional earnings into multiple investment properties.

Check out this infographic from Possible Finance that shares eight (relatable) personal finance lessons from celebrities who manage their money well.