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Networth and Chill with Your Rich BFF

Nepo Babies & How Hollywood Makes, Spends, and Hoards Their Wealth with Shannon McNamara

Networth and Chill with Your Rich BFF

Vivian Tu

News, Business, Careers, Business News, Entrepreneurship

4.41.6K Ratings

🗓️ 19 July 2023

⏱️ 44 minutes

🧾️ Download transcript

Summary

On this week's episode of Networth and Chill, we are heading to Hollywood to discuss celebrities and their money habits. I'm joined by pop-culture queen and host of the podcast Fluently Forward, Shannon McNamara, to dive into the world of celebrity spending, saving, and entrepreneurship. We love to know what celebs are spending their money on, and especially what they are NOT spending their money on. And what about all those nepo babies who have seemingly had fame handed to them on a silver platter? I ask Shannon who she thinks is deserving of recognition, and who are just reaping the benefits of their parents. Plus we discuss celebrity backed businesses to figure out which are worth supporting, and which just feel like a money grab.

Got a financial question you want answered on a future episode? Text me or leave me a voicemail at 908-858-3410.

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Transcript

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0:00.0

What's up rich friends, welcome back to another episode of Net Worth and Chill with me,

0:10.6

your host Vivian2, aka YorwichBFF and your favorite Wall Street girly.

0:15.1

So talking about money is still a bit taboo, and while I'm working hard to change that,

0:20.3

there's actually another group of people trying to do the same.

0:24.2

Celebrities.

0:25.2

Celebrities have been more candid than ever about either the pay gap in salaries or how

0:30.0

they handle their finances.

0:31.7

And while some are incredibly sharp, strategic, and witty investors, others are so bad with

0:37.0

money that they are blowing through multi-million dollar fortunes overnight.

0:41.6

So I thought, today we could cover some of the best, worst, coolest, and weirdest things

0:47.6

celebrities have done in regards to their money.

0:50.2

While I know my way around the finance world, I'm certainly not up to date on Hollywood

0:54.2

gossip.

0:55.2

So I've invited a pop culture fishianato, host of the Fluently Forward podcast and Celeb

1:00.2

expert.

1:01.2

Everyone please welcome Shannon McNamara.

1:03.1

Hi, happy to be here.

1:04.6

Thanks for having me.

1:05.6

Shannon, it's so good to see you again.

1:06.6

I haven't seen you since our little dinner.

1:08.4

It's been a minute.

1:09.6

But before we jump in, can you explain your content and what you do?

...

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