Harry Potter Star A Wizard At Saving Money … Without Using Magic
By Mari Adam on October 9, 2016 in Investing, People & Profiles, Retirement
Harry Potter star Daniel Radcliffe has saved his estimated $90 million+ movie payday, and says that gives him "immense freedom"
British actor Daniel Radcliffe has starred as Harry Potter in all 8 films of the series, which have grossed over $7.7 billion worldwide at the box office.
The 27-year old hasn't done too badly himself, raking in over $92 million in earnings. He earned a very "modest" $145,000 with the first film, increased to $3 million for the next installment, and worked up to a reported $20 million each for the last two movies.
What's noteworthy isn't how much Radcliffe has earned – after all, the films have been global blockbusters – but how much he has managed to save.
In a recent interview, Radcliffe told the U.K.'s Belfast Telegraph, "I don't really do anything with my money."
He added, "I'm very grateful for it, because having money means you don't have to worry about it, which is a very lovely freedom to have."
The best thing about holding on to his money, says Radcliffe, is that it gives him "immense freedom."
He can now take the theater and film roles he wants, or choose not to work at all, instead of taking unwanted jobs just to earn a paycheck. That's a freedom many of us would like to have.
It's clear that Radcliffe is on to something.
Dr. Sebastian Bailey, President of Mind Gym, a corporate learning consultancy, reported on a major multi-country study that looked at well-being, psychological health, and wealth. The findings confirm that Radcliffe is on the right track.
Greater wealth does help foster well-being, found researchers, not because money can buy happiness (it doesn't), but because it affords us greater independence and freedom which does increase our well-being.
Money may not buy us happiness, but as Radcliffe found, it certainly does help give us the freedom to make the lifestyle choices we want. If you are finding it hard to save, remind yourself that saving today is your ticket for lifestyle freedom tomorrow.
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