Alex Guarnaschelli is a world renowned chef who began her education by cooking with her mother, a cookbook editor, in the kitchen. After years of study in Paris, New York, and Los Angeles, she became the Executive Chef at Butter in New York City. But Alex Guarnaschelli had higher aspirations and in 2007, appeared on The Food Network for the first time, beating Cat Cora on Iron Chef America. Food Network clearly liked what they saw, as she was given her own show on the network the next year. Alex Guarnaschelli later competed on The Next Iron Chef, and The Next Iron Chef: Redemption, which she won, earning her the title of Iron Chef. She is now seen as a judge on Food Network Challenge and Chopped, and has also written two cookbooks.
But what about Alex Guarnaschelli’s net worth? How lucrative is this business?
Well, it’s not as lucrative as you might think, though she does live quite comfortably. Alex Guarnaschelli’s net worth is around $2 million dollars. The average annual salary of an executive chef in New York City is around $73,000, though Alex likely makes a bit more due to her celebrity status and the popularity of her restaurant. Her celebrity appearances certainly help her build her net worth, and allow her to live a relatively comfortable lifestyle in New York with her young daughter. More importantly, she has been able to live her passion and cook while still building a comfortable net worth. Way to go, Alex!
Megan is a 40-something government employee in the Washington, DC area. She got interested in Personal Finance when she got out of college and realized that her paycheck wasn’t going to go as far as she had hoped. Since starting this blog, she has managed to buy a house and make a solid start on her retirement goals, and hopes to help others do the same. Here is her story:
In 2007, I was a gainfully employed 20-something with no debt but not a lot of knowledge about personal finance. It was a co-worker’s comment about Roth IRAs that sent me to the internet, searching for information. It was then that I realized that I really didn’t know a whole lot about personal finance and that my current financial situation was due a lot to inherent frugal tendencies, generous family members, a fear of debt, and good luck. While that was working for me, clearly I needed a better plan.
While I had no debt, I was also pretty much living paycheck to paycheck and not worrying about going over budget (I say this as if I had a real budget) because I had an emergency fund set aside to cover any overages.
Except that’s not what an emergency fund is for.
So I did a lot of research, read a lot of blogs, and decided that I needed a plan. I needed to budget. I needed to know what I was spending my money on. I needed to prepare for the future.
I decided to create a blog not only to make myself accountable to others but also to share the knowledge that I gained along the way. I’ve learned so much from my fellow bloggers, and I hope that my readers can find something useful in what I have to share as well.