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Six Core Principles For Managing Your Personal Finances

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Personal finance pertains to managing, budgeting, saving, and investing money at an individual level or within the family unit. The process involves assessing your financial situation by monitoring your income statements and balance sheets. Then, you set your short-term and long-term goals, and create a plan to accomplish them.

Knowing how to manage your financial resources properly is a crucial life skill. It should be taught early to kids who already have basic knowledge in mathematics. Most essential is knowing how to save money so that it won’t be much of a chore when they become young professionals with their own income.

It’s good to keep on monitoring and reassessing your financial situation as you grow older. Here are some things you need to know about managing your personal finance:

  1. Practice Self-Control

A lot of people have the misconception that they should reward themselves during payday. While there’s nothing wrong with splurging on food or other luxuries that are within your budget sometimes, falling to the impulse buying pattern regularly is a problematic thing.

Giving in to temptation all the time can significantly harm your financial well-being, especially when you don’t even really need the item that’s on sale. You should delay these types of purchases for a day and think about whether that pair of shoes you’re eyeing will be useful and won’t just add to the clutter in your closet.

  1. Make Lifestyle Adjustments

Reduce frivolous spending by living contentedly. If you can’t afford a new house yet, you shouldn’t stretch your finances just to purchase one. According to Moneytaskforce.com, this type of thinking is prevalent in the younger generation because they believe it’s a good investment. However, one should also consider the depreciation in the property’s value, as well as other costs such as maintenance and repairs.

Also, you don’t have to live in a two-bedroom apartment just because you can. It’s better to accustom yourself to living simply in a pad rather than keeping up with the Joneses or the Kardashians.

These are a few other life changes that you can do to help you save money and become healthier at the same time:

  • Bike or Walk to Work – If you’re fortunate enough to work near your place, invest in a bike or walk to the office. Not only will you save on maintaining a car or paying for an Uber, but you’ll also get your daily dose of exercise. If your office is far from your home, you can still save money by using public transit.
  • Stop One Bad Habit at a Time – Tracking how much you spend each month can be eye-opening, but it’s also overwhelming when you think about where you should begin. Ditching vices such as smoking or drinking liquor can be an excellent place to start. For instance, if you spend 10 USD a day on cigarettes, you’ll end up saving 3,650 USD per year. Plus, you can allocate the amount for your savings to motivate you to kick the habit.
  • Make Everything at Home – It can be tempting to order takeout after a hard day’s work. However, buying food frequently can quickly add up, and you end up wasting your money, which could have been used for your nest egg. It helps to make your lunch and dinner in batches so you always have meals that you can reheat when you don’t feel like turning on the stove, as well as washing pots and pans. Plus, home-cooked meals are way healthier than fast food.
  • Create a Grocery List – When you decide to get cooking, you have to note down the ingredients that you’ll need. The list helps in lessening the time you spend in the grocery looking at products on the aisles, which reduces the risk that you end up buying more than what is in your budget.
  • Review Your Employee Health Benefits – Reread your contract again and check if your company offers employee health benefits. This can come in the form of discounts on gym memberships, rewards for reaching fitness milestones, and free programs that will help you quit vices or lose weight.
  1. Know Your Net Worth and Track Debt

Your net worth refers to the combined value of your assets, both non-financial and monetary, minus all your liabilities. In theory, it’s the cash that you’ll end up with if you sold everything you had and paid off all your debts. While there’s no specific number that you should aim for, you must be able to track your progress yearly and see improvements over time.

This number is crucial because it allows you to view your current financial situation at a glance. There are three factors that you need to calculate first before arriving at your net worth:

  • Assets

Your assets include the value of your home, real estate properties, and vehicles. If you have a business, your company is also considered an asset.

You also need to collect the latest statements of other liquid assets, such as the funds in your checking and savings accounts, as well as other investments.

List your other valuable possessions like jewelry, heirlooms, and rare collections. Items worth 500 USD and above are considered assets.

Add the figures to get your total assets.

  • Liabilities

It’s also important that you track your debts because these are considered liabilities. The balance on your mortgage and car loans are examples of this financial aspect. List down their current balances.

Other types of liabilities at a personal finance level include credit card debts and student loans.

As with your assets, you need to add the balances of these debts to get your total liabilities.

  • Net Worth

After doing the tedious task of calculating your total value and debts, you can simply subtract your liabilities from your assets.

You shouldn’t worry too much about the number that you end up with, whether it’s small or large or negative. Think of this figure as a reference point for your future assessments.

Do a yearly check on your financial situation by repeating the process of calculating your assets and liabilities to get your net worth. Comparing it with previous numbers can help you monitor your progress and validate that you’re doing things right.

  1. Stay Updated on Your Credit Score and Report

Your credit report is a comprehensive document that contains information on your past and current credit agreements. It gives lenders an idea of your total debt, the age of each account, and your consistency in making repayments.

Meanwhile, you can think of your credit score as a grade given to you based on the data in your credit report. It makes it more straightforward for lenders to evaluate the risk of allowing you to borrow their money. Typically, it’s a three-digit number that ranges from 300 to 850.

Three credit bureaus give you a credit score: Equifax, Experian, and TransUnion. When you ask for this financial score, you actually get three different numbers from these reporting agencies.

It’s crucial that you have a copy of your credit report and you know your credit scores. This way, you can assess your current financial situation and make remedies as well as adjustments on your lifestyle to improve your score.

  1. Set a Budget

Creating a budget can help you stay on top of your finances. You should note down your regular expenses each month, such as your utility costs, rent, insurance payment, and your daily allowance to get a snapshot of how much income you need to stay financially stable.

Plus, you should also prioritize setting money aside for your short- and long-term goals. Dedicate a portion of your salary for your travel funds, but don’t forget about your retirement nest egg as well.

  1. Know Different Saving Methods

Find the best money-saving ways for your financial situation. The same method won’t work for everybody, so you should educate yourself on the different techniques to find what’s best for you.

Here are some popular money-saving tactics that you can try out:

  • Figure Out the Percentage – A well-liked way to save a portion of your salary is to divide it by percentage. The 50/30/20 budgeting rule of thumb splits up your income into three parts. You allot 50 percent for your monthly expenses for necessities like your rent, groceries, and utilities, among others. Meanwhile, you set aside the 30 percent for luxuries, such as shopping, eating out, and your hobbies. Lastly, you put 20 percent of your money into your savings.
  • Set a Dollar Amount – For some, spelling out a specific amount is more helpful in keeping them on track with their financial goals. This is ideal for those on a tight budget because of its flexibility and customizability.
  • Collect Loose Change – This technique is perhaps the slowest way to save, compared to the other methods. You just have to keep the change that’s left in your pocket after each day. It may take some time to buy that particular item you’re eyeing, but it’s a start.
  • Join a Savings Challenge – You can find lots of savings challenges online. One of these is the 52-week money challenge where you pick a number among a list and attempt to save the specified amount for that particular week until you complete an entire year’s worth of savings.

Conclusion

Managing your personal finance doesn’t need to be an extravagant affair. You just need to have the right mindset and live within your means. You also have to determine your net worth, credit score, and credit report so that you have a holistic idea of your current financial situation.

Lastly, set a budget and stick to it. Educate yourself on the different money-saving methods and find the right one that works for you.

Rami Malek’s Net Worth Will Rock You

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Rami Malek will be appearing on the big screen in the Freddie Mercury biopic Bohemian Rhapsody this weekend. While this is one of the largest roles in Malek’s career so far, he has become extremely popular through his part on Mr. Robot, among other shows, films, and projects. What has this success done for Rami Malek’s net worth?

About Rami Malek

Malek was born on May 12, 1981, in Los Angeles. His family is Coptic Egyptian and he was raised in the Coptic Orthodox church. He has two siblings, an identical twin brother named Sami, and an older sister.

The actor graduated from Notre Dame High School in Sherman Oaks, California in 1999. He attended school with actresses Rachel Bilson and Kirsten Dunst. After graduating high school, he went on to pursue of Bachelor of Fine Arts degree from the University of Evansville (Indiana).

It wasn’t long after graduation that Malek landed his first acting gig. In 2004, he began his career as a guest-star on Gilmore Girls. During the same year, he voiced characters for Halo 2. By 2005, he received his Screen Actors Guild card after appearing in two episodes of Over There. Then he scored a recurring role in The War at Home on Fox.

In 2006, he made his film debut in Night at the Museum. He played Pharaoh Ahkmenrah and reprised the roles in the two sequels to the film in 2009 and 2014. While shooting the Night at the Museum films, he was also actively seeking television roles. During this time, he scored a recurring role on the hit television series 24. 

Later in 2010, he received amazing reviews on his portrayal of Corporal Merriell Shelton in the HBO mini-series The Pacific. After the intense filming for the show, he left Hollywood for a brief break in Argentina.

The Pacific led to even more work for Malek. While filming the show he met Tom Hanks who was impressed by Malek’s performance. Later, Hanks cast Malek as Steve Dibiasi in Larry Crowne (2011). During this time he continued to land supporting roles in major films such as Twilight: Breaking Dawn – Part 2, Short Term 12, Oldboy, Da Sweet Blood of Jesus, Battleship, The Master, and Ain’t Them Bodies Saints. 

Mr. Robot to the Present

All of this led Malek to his biggest break: Mr. Robot. His performance in the television series has earned him numerous award nominations as well as wins for the Critics’ Choice Television Award for Best Actor in a Drama Series and Primetime Emmy Award for Outstanding Lead Actor in a Drama Series.

Malek scored his first starring role in a film in September 2016 (Buster’s Mal Heart). He went on to star in Papillon (2017) and then landed his role as Freddie Mercury in the 2018 film Bohemian Rhapsody. 

In addition to his work on the big and small screen, Malek appeared on stage in The Credeaux Canvas in Los Angeles (2007). He also voiced Josh in Until Dawn, a horror video game for PlayStation 4 (2015).

All of this has earned him great recognition and several awards. Malek also won the Young Alumnus Award from the University of Evansville and was invited to become a member of the Academy of Motion Picture Arts and Sciences. But what has all of this done for his wealth?

Rami Malek’s Net Worth

Currently, Rami Malek’s net worth sits around $8 million. Most of his earnings stem directly from the work he has done as an actor. However, this $8 million figure does not include the cash he will rake in from his role in Bohemian Rhapsody.

That said, a portion of his net worth also stems from the value of his Los Angeles home, which he owns with his twin brother. Although his total net worth is in the millions, Malek chooses to cohabitate with family and he’s also fairly conscientious when it comes to his cash. After the first season of Mr. Robot (which has been the biggest hit for the star thus far), he reportedly used his first big paycheck to pay off his student loans.

There haven’t been any huge endorsement deals yet and, honestly, it doesn’t seem like one of Malek’s primary interests right now. Malek also doesn’t own any additional property that contributes to his overall net worth. However, it won’t be a surprise if the actor’s wealth skyrockets in the future. And, based on how he’s used his cash so far, it is safe to say he won’t be broke any time soon either.

Readers, are you going to see “Bohemian Rhapsody” this weekend? What do you think of this actor?

Photo: Flickr

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Olivia Munn’s Net Worth

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Olivia Munn's net worth

Olivia Munn will appear in one of her largest roles in The Predator this week. Although her career hasn’t been huge, she’s been able to land some major roles in huge films, like this one. So, what is Olivia Munn’s net worth and how will The Predator impact her wealth?

About Olivia Munn

Munn was born in 1980 in Oklahoma City. When she was two years old, her parents divorced and her mother remarried a member of the United States Air Force. This caused the family to be relocated throughout Munn’s life, however, they spent the longest period of time stationed in Tokyo.

While living in Tokyo, she appeared in local theater productions and later got involved in Japanese fashion. Her mother and stepfather divorced during Munn’s teenage years. She and her mother moved back to Oklahoma when she completed her high school education. After graduating, she attended the University of Oklahoma, earning a Bachelor of the Arts in journalism with a minor in Japanese and dramatic arts.

When she graduated from the University of Oklahoma, she went on to intern at NBC in Tulsa and later worked as a sideline reporter for Fox Sports Networks. After deciding that she wasn’t fit for sideline reporting, Munn moved to Los Angeles to pursue a career in acting.

Soon after the move, she was cast in a small role in a straight-to-DVD horror film called Scarecrow Gone Wild. After landing that role, she appeared in a rock band music video and also managed to land a role in National Lampoon’s Strip Poker. In late 2005, she began her role on the television show Beyond the Break as Mily Acuna and managed to land a few other television and small film roles.

Munn’s Big Break

Munn got her “big break” in 2010 when she began landing larger roles in major motion pictures, such as Date Night and Iron Man 2. She even garnered praise from Robert Downey Jr. on her improv skills. On June 3, 2010, she debuted as a correspondent on Comedy Central’s The Daily Show and remained in that role for a little over a year.

Since then, she’s appeared in films like X-Men Apocalypse, Office Christmas Party, and Ocean’s 8. She even voiced Koko in the 2017 Lego Ninjango Movie. Each of these experiences has prepped her for her latest role in The Predator. 

The Predator Controversy

Not all of the press surrounding Munn has been positive. As The Predator premiere approaches, she’s been in the middle of a bit of a controversy. She called out the film’s director for knowingly hiring and casting a registered sex offender in the film. Steven Wilder Striegel appeared in one scene in the film, which has since been removed.

Olivia Munn’s Net Worth

All of this has led Olivia Munn’s net worth to reach an estimated $12 million with an annual salary of $1 million. Most of her earnings have come directly from various roles she has played. For instance, for her role in Ride Along 2, she was paid $833,000. Munn’s role in Mortdecai earned her $625,000.

In addition to her earnings as an actress, she has made a significant amount of money from endorsements as well. She has appeared in ad campaigns for companies like Nike, Pepsi, Proactiv, and Neutrogena. She also promoted a beef jerky brand for some time. The average amount she earns from endorsements levels out around $261,438.

Like many other performers, Munn has decided to expand her career by branching out from acting and endorsing. She wrote a nonfiction novel called Suck It, Wonder Woman: The Misadventures of a Hollywood Geek. In addition to doing paid promotions for the book, it has sold tens of thousands of copies worldwide.

Munn does a bit of unpaid work as well. She teamed up with Dosomething.org’s Green Your School Challenge in 2011. The actress has also been supportive of PETA and helped with the organization’s campaigns in the past.

A portion of her net worth can also be attributed to her LA home. Although there aren’t any solid figures to determine how much her home is worth, the location alone makes it worth millions. Munn also owns a number of chauffeured luxury vehicles that contribute to her net worth as well. For now, she is single without children, though she did date Green Bay Packers quarterback for three years.

It is not yet known how much Munn stands to make from The Predator. However, she will likely continue to land higher earning roles as her career continues to advance, despite the recent controversy.

Readers, what do you think about the controversy surrounding The Predator premiere? 

Photo: Gage Skidmore

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6 Financial Tips I Learned from “Crazy Rich Asians”

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crazy rich asians

During the film’s opening weekend, Crazy Rich Asians brought in over $26 million at the box office. The movie has solid ratings, leading many to flock to the theaters to watch the romantic comedy.

While Crazy Rich Asians isn’t just about money, as the title suggests, it does play a role in the film. In reality, the movie focuses more on social status than pure wealth. However, that doesn’t mean there aren’t valuable financial lessons in the content.

With that in mind, here are six financial tips I learned from the film.

1. You Don’t Have to Showcase Your Wealth

While some members of the Young family may showcase their wealth, Nick Young, the lead character, didn’t put his money on display. Just because a person has a respectable bank account doesn’t mean they have to show off to the world. In fact, some rich individuals may intentionally keep a low profile for a variety of reasons.

The primary lesson is that, even if you earn a high income or have millions in the bank, that doesn’t mean you have to make it public knowledge. It’s perfectly acceptable to lead an average life, even if you have the ability to splurge. It also indicates a certain amount of discipline in knowing who you are and what you stand for.

2. It’s About Net Worth

Wealth typically relates to a person’s net worth, not necessarily what they spend. A “wealthy lifestyle” that involves expensive cars and mansion-sized houses doesn’t mean a family is automatically well off. In fact, a person with a large home may be “house poor,” owning a property that they can barely afford, one that hinders their ability to meet other financial needs, or a home with high maintenance and utilities costs can make life miserable.

Instead, having more money in savings, assets, and investments is what determines your level of wealth. Sure, being wealthy can make it easier to afford the finer things, but having an extravagant lifestyle doesn’t inherently make you wealthy.

Live your life on your terms and work with a financial advisor or use an online calculator to figure out your net worth. This information can get you well on your way to the lifestyle you want.

3. Money Can Complicate Relationships

Financial difficulties in a relationship is an often cited reason for divorce. However, even if one person is wealthy, that doesn’t mean money doesn’t complicate the relationship.

In Crazy Rich Asians, Rachel doesn’t initially know about Nick’s money and is initially startled by it. Then, Nick’s family judges Rachel for not coming from a wealthy family, something that hinders the relationship.

While the issues aren’t insurmountable, money is something that impacts a relationship. The effect can be positive or negative, but it’s always a factor. So when one partner in the relationship has more than the other, each partner still owes it to the relationship to do their part. We all have our worth, so we should come to the relationship with our best foot forward. Be it education or a true help mate to an impending spouse.

Although, Rachel may not have impressed the family with worldly goods, she brought so much more to the table in the type of person that she was and how happy she made Nick. There is a saying, “Behind every good man, there is a great woman.” Need I say more.

4. Honesty Is a Must

When Rachel learns of Nick’s family’s wealth, she feels disoriented and doesn’t know what to think. While learning someone has cash in the bank isn’t a horrible surprise, it can be a shock, nonetheless.

Keeping information from a partner about your financial status can be harmful. Whether it’s not telling them about your debt, spending habits, or how you view your financial future, keeping secrets about money isn’t usually a good idea.

If you are entering into a serious relationship, being honest about money is essential. Otherwise, misunderstandings and misalignments are practically guaranteed to happen, and that could cause a relationship to flounder or even collapse.

So, here’s my advice. As soon as you realize the relationship is getting serious. Sit down and have the financial talk. Discuss credit, goals, and each partners role in finances. This keeps both partners in the know and eradicates the shock of finding out later that there was dishonesty relating to money. Remember, most divorces are caused by financial issues. With upfront information, you can avoid this outcome.

5. Financial Stereotypes are Harmful

While having some similar viewpoints on money is critical for a healthy relationship, that doesn’t mean money is everything. Two people from different backgrounds can come together, but it can take work.

A person’s financial status is often accompanied by stereotypes. Whether it relates to how they were raised, the job a person chooses to have, or their net worth, these assumptions can be harmful. Though Nick doesn’t hold Rachel’s financial status against her, some members of the financial elite do.

Ultimately, the couple is able to overcome this obstacle, showcasing that money isn’t everything. However, it can be an uphill battle, depending on the stereotypes in play.

Our lesson here is simple, place value on who people are and not the finances they bring to the table. Money doesn’t always equate to happiness are how good a person is. Many people of wealth have the same troubles as everyone else. Money is great, but it’s not what makes a person great.

6. “Keeping Up with the Joneses”

The desire to measure up to others financially can be detrimental. Longing to outdo others typically leads to frustration, encouraging you to ignore what you have because it isn’t as much as someone else.

Trying to “keep up with the Joneses” isn’t beneficial. In fact, it could lead you to spend money on things you normally wouldn’t, or shouldn’t, in an effort to keep up appearances.

Ultimately, wealth shouldn’t be used as a measuring stick. It doesn’t automatically bring happiness and isn’t the most important thing in the world. Instead of trying to keep up, consider your own goals (and those of your partner) and work to forge a happy, financially stable life. In the end, you’ll be better off for it.

Did you learn another financial tip from “Crazy Rich Asians?” Tell us about it in the comments below.

Looking for more financial tips? Give these articles a try:

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Sean Harris’ Net Worth

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Sean Harris' net worth
Sean Harris was seen, yet again, alongside Tom Cruise in the latest Mission Impossible film. He is most well known for his role in the MI movies as Solomon Kane. Prior to landing the role in the two latest films, Harris has had some light onstage experience and he’s also played roles for television. What has this done for Sean Harris’ net worth?

Sean Harris’ Career

Harris was born in 1966 in London and grew up in Suffolk. After graduating high school, Harris attended the Drama Centre of London. Prior to showing up on television or the big screen, he could be found on stage.

He was a member of the Glasgow Citizens Theatre. During his time with the theatre, he performed in productions like Romeo & Juliet, A Midsummer Night’s Dream, and Angels Rave On. 

In 2006, he made his television debut on a TV mini-series called See No Evil: The Moors Murders where he played a serial killer. He went on to play roles in television films and series on BBC, including the hit show the Borgias. His work led to him landing roles in television films and, eventually, the big screen.

Harris’ first role in a larger project was his part in 2012’s Prometheus. Just two years later, he was playing a major role in the film Deliver Us From Evil. And, in 2015, Harris landed the role for which many people know him today: Solomon Kane.

He first appeared in the 2015 film Mission Impossible: Rogue Nation and has returned to play the character once again in Mission Impossible: Fallout. This role has undoubtedly been his largest but how much has it contributed to the actor’s wealth?

What is Sean Harris’ Net Worth?

Sean Harris’ net worth is estimated to be around $5 million, most of which has come from his acting in more recent years, namely his role in Mission Impossible.

Rogue Nation made more than $682 million at the box office worldwide. Although he certainly didn’t rake in as much as Tom Cruise, he made a pretty penny from his role in the film. Fallout has already grossed over $510 million worldwide.

As far as endorsements and assets go, Harris doesn’t have much contributing to his net worth. He is single and keeps his personal life rather private. He does not own a home but does travel between London and the U.S. frequently for work. His main source of income has been and continues to be acting.

Although he is 52 years old, Harris shows no signs of discontinuing his career. So, as long as there is work, you can expect to see Harris’ net worth maintained and possibly even rise in the years to come, depending on the next role he lands.

Do you have a celebrity whose net worth you’re curious about? Let us know in the comment section below!

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Mark Wahlberg’s Net Worth

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Mark Wahlberg's net worth
For those who have been able to witness it, Mark Wahlberg’s success has been amazing to watch. From New Kids on the Block to opening a burger chain to his latest role in the film Mile 22, Wahlberg has had a wild career. So, what is Mark Wahlberg’s net worth and what are the main sources of his wealth?

About Mark Wahlberg

Wahlberg was born in Dorchester, Massachusetts, a neighborhood in Boston. He was the youngest of nine children. His parents weren’t in the spotlight and worked fairly modest jobs as a bank clerk and delivery driver.

A Life of Violence and Controversy

He attended Copley Square High School in Boston. However, he never graduated. Wahlberg developed an addiction to cocaine by the age of 13 and dropped out. Wahlberg became a member of a Boston street gang. It wasn’t until 2013 that he received his high school diploma.

During his teenage years (in the late 80s), Wahlberg fell into some serious trouble. In June 1986, he and three friends chased three African American children and threw rocks at them. The case was brought to court and settled in September of that year.

However, he ran into trouble again in 1988 when he bashed a middle-aged Vietnamese man over the head with a large wooden stick until he was unconscious.  Although Wahlberg was sentenced to two years after being charged with attempted murder, he only served 45 days in Suffolk County Deer Island prison. Then again in August 1992, Wahlberg attacked his neighbor without being provoked, kicking him repeatedly and fracturing his jaw.

After his time in prison, he wanted to turn his life around. He completely left the street gang, although there were difficulties, and he began seeking help within the Catholic church.

In 2006 he came out to talk about his violent past. Wahlberg stated, “I did a lot of things that I regret, and I have certainly paid for my mistakes.” He also said that in 2016 he went to meet the man he blinded and apologized.

Wahlberg’s Career

Even though the beginning of his life was a bit rough, Mark Wahlberg has had a wildly successful career that started right around the time he began his cocaine use. At the age of 13, Mark and his brother Donnie started New Kids on the Block, a popular boy band in the late 80s and early 90s.

Mark quickly dropped out of the group to start Marky Mark and the Funky Bunch with Scott Ross (Scottie Gee), Hector Barros (Hector the Booty Inspector), Anthony Thomas (Ashley Ace), and Terry Yancey (DJ-T). The group is most well-known for its song “Good Vibrations.” However, their second album wasn’t as successful and the group quickly faded out.

He went on to produce a few solo albums but his career really took off in 1993 when he made his acting debut on the TV film The Substitute. He gained early praise for his role in the hit Boogie Nights. Since then, he’s starred in numerous films and TV shows in addition to opening his own burger chain, called Wahlburgers.

On top of that, he has also been able to invest and endorse products that helped him further his career and his finances. So, what is Mark Wahlberg’s net worth?

Mark Wahlberg’s Net Worth

Mark Wahlberg

According to The Richest, Wahlberg’s net worth sits around $225 million. His annual salary in recent years has been around $30 million, stemming from his work as an actor as well as a number of other business endeavors.

To give you an idea about how much Wahlberg is making from his film career, The Fighter grossed $130 million alone at the box office. His films have grossed $5.3 billion worldwide. In addition to his movie career, Wahlberg has made sure he diversified his portfolio to maintain his wealth. He has endorsed brands such as Calvin Klein and Chevy, as well as a number of others.

Wahlberg also has an equity interest in the Barbados Tridents cricket franchise. And, let’s not forget Mark co-owns Wahlburgers with his brothers Donnie and Paul. The threesome also stars in a TV show about the business. Rick Vanzura, the former CEO of Panera Bread, runs the company.

A portion of his net worth can be attributed to the value of his home where he lives with his wife, Rhea Durham, and their four children. He paid $8 million for six acres of land in Beverly Park. He has invested time and money into the property and has erected a beautiful 30,000 square-foot mansion, increasing the value by millions of dollars.

In July 2018 Wahlberg and his business partner, Jay Feldman, purchased Bobby Layman Chevrolet in Columbus, Ohio. It has since been renamed Mark Wahlberg Chevrolet and will be an additional source of income for the Hollywood star. After all, anything with Mark’s name attached to it makes money, clearly.

Mark Wahlberg is continuously working on expanding his income and furthering his career. His upcoming film Mile 22 won’t be the last we hear of him or his tremendous wealth.

Photos: Eva Rinaldi, David Shankbone and DailyMail.co.uk.

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