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Celebrity Facts – Alexandra Daddario Net Worth

Let’s continue our look into celebrity net worth.  This week, I researched Alexandra Daddario’s net worth.  Most recently, Alexandra Daddario graced movie screens as Summer Quinn in Baywatch, but who is this lovely lady and what is her net worth?

At only thirty-one years old, Alexandra Daddario, who was born in Manhattan, has graced screens for many years.  She got her start as a teenager on All My Children and her first major movie role was in Percy Jackson & the Olympians: The Lightning Thief.  She later reprised that role in Percy Jackson: Sea of Monsters.  Alexandra’s career began to really pick up after her turn on the first season of True Detective.  She was becoming more recognizable, and with that fame came the opportunity to grow her net worth.

Alexandra Daddario is having a big year.  In addition to Baywatch, she can also be seen on the big screen later this summer in The Layover.  She will also soon be seen in When We First Met, We Have Always Lived in the Castle, and Nomis.  Keep your eyes on her, as she is quickly rising in popularity.

Based on available research, prior to her turn in Baywatch, Alexandra Daddario’s net worth was a cool $4 million.  That’s certainly not chump change.  However, she was paid $3 million for her Baywatch role.  Factoring in her estimated salary for The Layover and also considering expenses, Alexandra Daddario’s net worth can now be estimated at $8 million dollars.

 

Growing My Net Worth

growing my net worthMy recent post about celebrity net worth reminded me that it’s time to update my own net worth spreadsheet to see how my net worth is growing.  As I have discussed before, I track my net worth every three months and take a look at how I’m doing towards meeting my goals.  

What goes into my net worth?  I use my major assets and liabilities.  

For assets, I start with my financial accounts.  I look at bank accounts, investments, and retirement accounts.  For tangible items, I look at the Kelley Blue Book value of my car and the Zillow value of my house.  I have opted to not use the value of my work-provided life insurance or any of the various items I own in my house.  Why?  Well, my life insurance value doesn’t change, and to be honest, it doesn’t have a whole lot of meaning to me while I’m alive.  As to my personal possessions, they’re just to place a value on.  

I am aware that the KBB and Zillow numbers are just a rough estimate and likely to be wrong, but those are the easiest way that I can figure to pull up these numbers and make a solid comparison to previous months.

For liabilities, I look at my credit cards, my car loan, and my mortgage.  Very easy to calculate.  I pay off my credit cards every month, so the goal here is simply to keep paying down my other debts. Since I have no plans to leave my house anytime soon and the interest rate on my mortgage is low, I’m simply paying the required monthly payment and putting extra money towards my car loan.

So how is my net worth doing?  Over the past quarter, my net worth has increased almost 6.3%.  More importantly, much of that change is in my financial accounts, and not just an increase in the estimated value of my home.  My investments are doing well and my retirement accounts continue to grow.  I’m paying down my debts.  Admittedly, some of the money in my savings accounts is money that I’m setting aside to pay some big bills I will have coming up (such as my property tax bill), but it’s still a great feeling to see those numbers moving in the right direction.

Over the past year, my net worth has increased a whopping 15%.  A good chunk of that is in my house value on Zillow, so I’m not sure just how accurate that is.  But my investments have also grown and I have more money in my cash accounts and CDs.  I’ve made a solid dent in my debt.  

Over the next year, I want to continue to take things in the right direction.  By this time next year, I want to have increased my retirement contributions.  That’s the big goal, but to comfortably do so, I need to reduce my expenditures or bring in more income or a combination of the two.  

Investment Strategies for Gen Xers

It seems that my parent’s generation, the Gen Xers, are not necessarily banking on retiring between the ages of 62 and 65 as the baby boomers did and are doing. In fact many Gen Xers plan to continue working until at least age 70 and beyond. But the reasons behind this thinking could be a little disturbing. It seems that overall Gen Xers have not been as diligent about socking away money for their future retirement as the baby boomers. The good news is that there’s still time as well as investment strategies for Gen Xers that can assure them some measure of financial security during their retirement years ahead.

1. Pay Off Debt

One of the first things the Gen Xers should do is pay off debt. One of the primary reasons Gen Xers haven’t invested as much toward retirement as baby boomers is because of poor spending habits. Gen Xers need to buckle down and pay off debt as fast as possible. Create a budget, stick to it and get their financial affairs in order so they can invest more and invest wisely for the greatest gains toward the retirement years that are approaching.

2. Invest Often

Investing often is a great habit to help the Gen Xers toward a better future in their golden years. Once debt is paid and bills are under control, they need to invest regularly to accumulate the money needed for retirement.

3. Hire an Investment Advisor

According to an article by CNBC, Gen Xers who work with a financial advisor end up saving about twice as much as those who do not work with an advisor. Therefore, it stands to reason that one of the investment strategies for Gen Xers to follow would be to hire a financial advisor to help them plan and invest for their future.

4. Utilize 401K’s

Whenever 401K’s are offered by employers, Gen Xers need to take advantage of this opportunity for investing. Not only will it save tax dollars since contributions are made pre-tax, but it also gives them free money toward their retirement. Most employers offering these benefits also contribute to the 401K up to a certain percentage. This additional money can help grow retirement savings faster than if they were to contribute to a retirement plan on their own without the additional money many employers offer.

5. Robo-advisors

Another retirement strategy that is available for Gen Xers who have come to age during the technological revolution is robo-advisors. The robo-advisor is a growing investment choice that Gen Xers could utilize to grow their retirement income allowing them to save both time and money due to their ease of use. In addition, the use of a robo-advisor can provide portfolio management at a cost much less than for that of a financial advisor.

6. Delay Social Security Benefits

One of the final strategies that can aid the Gen Xers in their quest for building investment wealth is to delay their social security benefits. Rather than retiring at an early age, especially if they have not been diligent about frugality, is to put off retirement until age 70. Delaying retirement by just a few years can increase monthly social security checks by as much as 8%.

Gen Xers can rest assured that these investment strategies, if put into place, can aid them toward investing for the retirement years that are to come.

What other investment strategies might Gen Xers employ to help them save for their retirement?

Celebrity Facts – Taylor Momsen Net Worth

taylor momsen net worthHave you ever wondered about the net worth of the people you see on television or the movies or hear on the radio?  I’m not talking about people like Beyonce – it’s a given that she has more money than any of us can comprehend owning.  But what about some of the smaller-time celebrities, the ones who lead a more normal life along with their fame?  Today, I’m going to do some investigation into Taylor Momsen’s net worth.

Born in 1993, Taylor Momsen is best known as the lead singer of The Pretty Reckless and as Jenny Humphrey on Gossip Girl.  I didn’t realize it, but she was also Cindy Lou Who in the 2000 live-action movie, Dr. Seuss’s How the Grinch Stole Christmas. She also spent a number of years as a model.

With all this work, what is Taylor Momsen’s net worth?  I did a bunch of research and found numbers in a wide range.  But based on the research and the current success of her band, Taylor Momsen’s net worth is around $4 million.  Not bad for a 23-year-old (she will be 24 later this month).

The money from her first big movie doesn’t seem like that much.  Taylor made about $285,000 from How the Grinch Stole Christmas, but that’s not bad money for a kid.  Just a few years later, she made a cool million for Spy School, and she did a number of other movies during that period of time, each bringing in a good amount of cash.  

Taylor’s modeling gigs are a solid source of income for the actress/singer/model.  She has been seen in a number of ad campaigns and has been the cover model for Seventeen and Maxim.

Taylor’s passion is her music.  Formed in 2009, her band The Pretty Reckless has released three studio albums, the most recent in October, 2016.  They have had four number one hits on the US rock charts.  They’re currently on a successful U.S. tour, helping Taylor build her net worth while she shares her talents with others.

What’s Taylor been doing with all this money?  She reportedly enjoys fancy cars, private jets, and vacations to exotic locations (who wouldn’t?) and owns a few homes across the US.

Taylor Momsen’s net worth is approximately $4 million, and she isn’t even 25.  That’s definitely something to aspire to.  What other celebrities would you like me to investigate?

The Expenses of Car Ownership

So you’re ready to buy your first car; congratulations. You’ve probably worked hard, saved money for a downpayment and have been daydreaming about the kind of car you will ultimately buy for sometime. Exciting stuff. There are several things that you should know about car ownership and the expenses associated with it before you dive in.

The largest expense for car ownership is the purchase price. Depending on the year, make and model of the vehicle you’re buying, this could range from a few thousand dollars to many thousands of dollars. If you have a particular car in mind, head over to Cars.com to get a ballpark idea of the price you might expect on it from a dealership and from a private sale. You can also estimate what your payments will be on the site. It’s better in the long run to ensure you can afford the purchase.

You will also need to insure the car. Depending on your driving history, geographic location and replacement value of the vehicle, this could range from under $100 each month to a few hundred dollars each month. You can call insurance companies for pricing information before you finalize your purchase.

There will be costs associated with maintaining and servicing your vehicle. Cars need regular oil changes, brake inspections, tire rotations and replacements. New vehicles these days come with service plans that cover some of this expense for a period of time. New vehicles and some late model used vehicles also come with warranties which cover major mechanical problems that might occur. Older model used cars, typically those with 60,000 miles or more, no longer have a warranty in tact. Extended warranties can be purchase from third-party vendors.

There will also be the ancillary costs of owning your vehicle like filling up the gas tank, windshield washer fluid, tolls and paying for parking either at home, work or school depending on your specific set of circumstances. Be sure to consider the whole picture when it comes to the cost of car ownership. You’ll be better off in the long run.