5 fierce money lessons from celebrity women
Businesswomen? More like business-weapons. These ladies have been hitting goals left, right, and centre in the last year, from making scarily successful movies and running a drag queen empire to inheriting the literal title of Queen. What can we learn from their success?
Here are 5 crucial money lessons from 5 celebrity women.
Margot Robbie’s “Barbie” movie: Choose good people
Margot Robbie was tapped as the producer for the intensely successful Barbie (2023) movie long before she was cast in the lead role. And her great money choice? Making indie feminist filmmaker Greta Gerwig the screenwriter and director.
Not only did this drum up immense hype, but Gerwig’s witty brand of womanism could deliver that unique combo of celebration and critique.
And after more than $1.4 billion at the box office and several Oscar nominations – including one for Robbie as producer – we’d say she was right.
So what’s the money lesson? As a businesswoman, choosing good people – and trusting them to carry on your vision – is key. So, if you’ve taken out a business loan to manifest your idea, don’t rush the hiring process. Teamwork literally makes the dream work.
Fun fact!
Margot Robbie did many of her own stunts in Suicide Squad (2021) – often because the professional stuntwomen couldn’t do them. This woman is an actual weapon.
Taylor Swift’s Eras Tour movie: Back yourself
Taylor Swift’s highly successful filmed version of her 2023-2024 Eras Tour is notable not just because it’s the highest-grossing concert film of all time and has an impressive 99% on Rotten Tomatoes, but because the singer-songwriter financed and distributed it herself.
The genius of this move was that it allowed Swift to cut costs and retain control. Puck estimates the film only cost $10-$20 million. It also let Swift partner directly with theatres and show the world that you don’t need the big studios to make the dream happen (provided you have Taylor Swift money).
So what’s the money lesson? It’s okay to be your own champion. You don’t need the traditional system to get stuff done, especially if it costs you more and isn’t welcoming.
Tracee Ellis Ross’s Pattern Beauty: Own your experience
Tracee Ellis Ross is more than the nepo-baby of singer Diana Ross – in 2019, the actress and producer became an entrepreneur by founding her own beauty brand for the “natural hair community”.
As the proud owner of mixed-type curls, Ross understood the difficulties of finding gentle yet effective products for washing, styling, and maintaining Afro-textured hair. Instead of letting the gap in the market sit, Ross embraced her experience and used it to found Pattern Beauty in 2019.
Years later, the company has made a major splash, partnering with retailers such as Ulta, Amazon, and Sephora.
So what’s the money lesson? Who you are is unique to the market. Let it shine!
Queen Mary of Denmark’s Airbnb: Have a backup plan
The Australian Queen of Denmark copped criticism when it was revealed she and her royal husband had listed their Swiss chalet on Airbnb. Since the Danish Royal Family is on a public allowance, they cannot purchase property without approval from the government. (Turns out they used their own money).
Queen Mary and King Frederick have since announced they will no longer earn money by renting it out, but it is an interesting display of frugality from literal Old Money.
So what’s the money lesson? Wealthy people receive money from assets, like investment properties, share portfolios, or high-interest savings accounts – not income. It’s okay to have a backup plan to supplement your salary (provided it’s legal).
Trixie Mattel’s whole vibe: Money is just a tool
Internationally successful drag queen, businesswoman, and YouTuber Trixie Mattel is refreshingly candid regarding money and might have the galaxy mindset on wealth.
Mattel grew up “below-below the poverty line” as a Queer and Indigenous youth, but has since gone on to become a “1-percenter in California” (her words). Her rags-to-riches story is a testament to her work ethic and business acumen, but Mattel also knows to be thoughtful and healthy with her relationship with money. Seriously, her money mindset is the financial realness we need.
In her latest Q&A video, she confesses it can be tricky to talk about money because it invites criticism. However, Mattel draws the most meaning from money by preparing for retirement and helping her mother and sister.
“In some ways, being able to help your family, that is when you feel the most, ‘Money means something’. When you can help rescue someone you love from a barrier that has to do with money,” Mattel explains.
You can watch her full explanation here.
So what’s the money lesson? Money is a tool to meet goals, save for the future, and live out your values. It doesn’t define who you are, and there are healthy ways to talk about it. Yas Queen!
Happy International Women’s Day, folks! The cost of living can suck, and women disproportionately get left behind when it comes to financial literacy.
So this 8th March, learn, embrace, and teach the young girls in your life about money. They’ll thank you later. To get them started for the future, you can compare savings accounts in the table below.
Compare savings accounts - last updated 15 May 2024
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Mozo experts choice awards won:
- Kick Start Savings - 2024
High Interest Savings Account
5.75% p.a. (for $0 to $250,001)
4.40% p.a.(for $0 to $250,001)
Yes up to $250,000
Bonus rate for the first 4 months from account opening
Reward yourself with a higher rate for your good savings habits with the Rabobank High Interest Savings Account . Receive the maximum rate when you grow your balance by at least $200 each month. No Account keeping fees. No minimum balance.
CompareCompareHigh Interest Savings Account
Reward yourself with a higher rate for your good savings habits with the Rabobank High Interest Savings Account . Receive the maximum rate when you grow your balance by at least $200 each month. No Account keeping fees. No minimum balance.
- Maximum rate
- 5.75% p.a. (for $0 to $250,001)
- standard interest rate
- 4.40% p.a.(for $0 to $250,001)
- Govt Deposit Guarantee
- Yes up to $250,000
- account fee per month
- $0.00
- Maximum rate conditions
- Bonus rate for the first 4 months from account opening, reverting to standard variable rate. Rate shown is for Personal customers and is subject to change. Different rates apply to Business/SMSF customers.
- Access
- Internet banking
- Minimum balance
- $0.00
- Other restrictions
- Must link to a transaction account
Read our Mozo Review to learn more about the High Interest Savings Account
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Savings Account
5.35% p.a. (for $0 to $250,000)
4.75% p.a.(for $0 to $1,000,000)
Yes up to $250,000
Bonus variable rate is available for the first four months.
Competitive introductory variable rate for first 4 months (on deposits up to $250,000). No account keeping fees to pay. Multiple 2023 Mozo Experts Choice Award winner.
CompareCompareSavings Account
Competitive introductory variable rate for first 4 months (on deposits up to $250,000). No account keeping fees to pay. Multiple 2023 Mozo Experts Choice Award winner.
- Maximum rate
- 5.35% p.a. (for $0 to $250,000)
- standard interest rate
- 4.75% p.a.(for $0 to $1,000,000)
- Govt Deposit Guarantee
- Yes up to $250,000
- account fee per month
- $0.00
- Maximum rate conditions
- Bonus variable rate is available for the first four months.
- Access
- BPay, Branch access, Phone banking, Internet banking
- Minimum balance
- $0.00
- Other restrictions
- Must have a Macquarie Transaction Account to link with.
Read our Mozo Review to learn more about the Savings Account
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Mozo experts choice awards won:
- High Interest Savings - 2024
AMP Saver Account
5.40% p.a. (for $0 to $250,000)
1.20% p.a.(for $0 to $5,000,000)
Yes up to $250,000
Enjoy a bonus rate when you deposit at least $1000 per month with the AMP Saver Account.
No account fees. Unlimited transactions when linked to an AMP Bank transaction account. Easy online access to your money. Option to link your savings account to an everyday transaction account. 2024 Mozo Experts Choice Award winner.
CompareCompareAMP Saver Account
No account fees. Unlimited transactions when linked to an AMP Bank transaction account. Easy online access to your money. Option to link your savings account to an everyday transaction account. 2024 Mozo Experts Choice Award winner.
- Maximum rate
- 5.40% p.a. (for $0 to $250,000)
- standard interest rate
- 1.20% p.a.(for $0 to $5,000,000)
- Govt Deposit Guarantee
- Yes up to $250,000
- account fee per month
- $0.00
- Maximum rate conditions
- Ongoing total variable bonus rate of up to 5.40% per annum applies if customers deposit $1,000 in the previous month. Available only on balances up to $250,000.
- Access
- Phone banking, Internet banking
- Minimum balance
- $0.00
- Other restrictions
- Ongoing total variable bonus rate up to 5.40% p.a. is earned on the balance the month after you deposit $1,000 and is paid the following month, on balances up to $250k. Max balance per customer name is $5 million.
Read our Mozo Review to learn more about the AMP Saver Account
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High Interest Save Account
5.10% p.a. (for $0 to $250,000)
0.10% p.a.(for $0 and over)
Yes up to $250,000
Deposit at least $200 to either Spend, Bills or Save account from an external source each month.
No monthly fees on any of your save accounts. Split your money with up to 10 Save accounts. Set savings targets and track the progress of all your Save accounts. Deposits guaranteed up to $250K per customer.
CompareCompareHigh Interest Save Account
No monthly fees on any of your save accounts. Split your money with up to 10 Save accounts. Set savings targets and track the progress of all your Save accounts. Deposits guaranteed up to $250K per customer.
- Maximum rate
- 5.10% p.a. (for $0 to $250,000)
- standard interest rate
- 0.10% p.a.(for $0 and over)
- Govt Deposit Guarantee
- Yes up to $250,000
- account fee per month
- $0.00
- Maximum rate conditions
- Deposit at least $200 to either Spend, Bills or Save account from an external source each month.
- Access
- Internet banking
- Minimum balance
- $0.00
- Other restrictions
- Account can only be opened through iOS or Android app, but may be accessed through internet banking.
Read our Mozo Review to learn more about the High Interest Save Account
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Reward Saver Account
5.25% p.a. (for $0 to $1,000,000)
0% p.a.(for $0 and over)
Yes up to $250,000
Intro bonus rate of 5.25% for balances up to $1,000,000 for the first 4 months, reverting to 3.25%. Minimum deposit of $50 and no withdrawals.
Introductory bonus rate for balances up to $1,000,000 for the first 4 months. Minimum deposit of $50 and no withdrawals. Start your account online in under 10 minutes and earn interest on balances up to $1,000,000 (T&Cs apply). No monthly account fees, helping you save smarter and faster.
CompareCompareReward Saver Account
Introductory bonus rate for balances up to $1,000,000 for the first 4 months. Minimum deposit of $50 and no withdrawals. Start your account online in under 10 minutes and earn interest on balances up to $1,000,000 (T&Cs apply). No monthly account fees, helping you save smarter and faster.
- Maximum rate
- 5.25% p.a. (for $0 to $1,000,000)
- standard interest rate
- 0% p.a.(for $0 and over)
- Govt Deposit Guarantee
- Yes up to $250,000
- account fee per month
- $0.00
- Maximum rate conditions
- Intro bonus rate of 5.25% for balances up to $1,000,000 for the first 4 months, reverting to 3.25%. Minimum deposit of $50 and no withdrawals.
- Access
- ATM, EFTPOS, Visa Debit, Cheque book, BPay, Branch access, Phone banking, Internet banking, Bank@Post
- Minimum balance
- $0.00
- Other restrictions
- -
Read our Mozo Review to learn more about the Reward Saver Account
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^See information about the Mozo Experts Choice Savings Account Awards
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