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Fame And Money
148 Plays2 years ago
As much as we don't want to admit it, we tend to associate fame with money, but in reality, these two things don't usually come together. It certainly could, but it doesn't happen automatically as most people think. It's all about how you go about it and how one could use fame to better their future.
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Transcript
Tour Announcement: Namaste Bitches
00:00:00
Speaker
Hey, everyone. It's Teresa Giudice. And I'm so excited to announce that Namaste bitches are going on tour. What what? Oh my gosh, Teresa and Melissa Feaster. That's me. We are bringing the party to Fillmore, Silver Springs on Friday, November 11. So get your tickets now at LiveNation.com. It's the Namaste Bitches Live and in person in DC. How dope is that? We can't wait to see you.
00:00:29
Speaker
Namaste bitches, live in DC. Get your tickets now at LiveNation.com.
Post-COVID Recovery Insights
00:00:50
Speaker
Hey guys, so welcome back to the podcast. So I definitely feel much better even comparing to last week. I feel like definitely, you know, getting into that recovery, I wanted to put it out there. I think after first week, everything just like back to normal. I think even like my coughing has been like
00:01:10
Speaker
so much better and I mean regardless also like I'm just like COVID free for sure after the first week I was definitely COVID free but I feel like there were some like lingering symptoms but I feel like it is definitely slowly coming to an end and yeah I just want to up to you guys in case anyone experiencing that like even biting got COVID so it's like I feel like it's everywhere no surprise but just want to put it out there
Monkeypox Vaccination Experiences
00:01:38
Speaker
Another thing I want to mention is the monkey pox. I mean, I talked about it a little bit last week, but this is all part of the update in case like anyone just joining in and you're like, what is this? Is this like a health update? Like what is going on? Yeah, this is all part of the update before we get into today's episode.
00:01:59
Speaker
So I actually got my vaccine. I was able to get like an earlier date. So I got vaccinated for monkeypox last Thursday. So that was like the first shot. So they're going to do another shot within like four weeks or so, which will be probably like end of August.
Pandemic Fatigue and Desire for Normalcy
00:02:17
Speaker
So I want to just mention a few side effects. So I feel like there is nothing like
00:02:23
Speaker
that was very pertinent, that I could be like, oh my God, that is a side effect or I know it. It was very mild. I feel like even now, because I don't know how long it's supposed to be, even because this COVID vaccine is even the first shot, after 24 hours, you automatically, you get something. Even the first day, sometimes it hits very quickly, like the headache or...
00:02:49
Speaker
well maybe some actually like the soreness in your arm and it lasts for a couple days so this one i didn't have any of those there was a little bit redness and some sort of like swelling in my arm because they injected in this like fat area so it didn't necessarily hurt or anything and i didn't even feel it only reason i know there was redness because i like lifted just to see it and i didn't even feel anything so i just saw that and that was it so i feel like
00:03:18
Speaker
It's definitely nothing big, I would say. I didn't have any other symptoms. They were just talking about the redness and the swelling, and I think those are the things that happened to me most. But there were other symptoms that could potentially happen depending on your body, but that's what I had so far. And I feel like I should be out of it. It's gonna be a week tomorrow, so it should be all set, and I should have some protection.
00:03:43
Speaker
Anyways, I just wanted to put it out there and anyone who's eligible get vaccinated and I don't know. I just want us to be like out of this misery to be honest. Like, I don't know what is up with this.
00:03:56
Speaker
I don't know, I don't even know. I don't know what various wires are coming from. I feel like we are not even done with one and there's another one. And to be fair, yes, I wanna take all the precautions and wanna be safe, but I feel like I'm speaking from everyone that we just wanna live our life, especially being in our 20s.
00:04:17
Speaker
I was 25 when this whole thing started and it's just like I don't want to live my life like this like I want to be able to go to the gym, able to go to places, go to the festival without worrying that I would get something out of it like something bad out of it like not like fun times so like I don't know like I feel like we can just do our best and be careful and like sanitize wash our hands and like do that but I feel like
00:04:48
Speaker
If it happens, it happens, like just like this, my scenario, like the COVID is like, eventually, I guess it will happen. But I'm hoping that monkeypox is not that scenario and it doesn't become like a pandemic. So like it will be just like over before even know it. So no luck down,
Hamptons Charity Brunch Excitement
00:05:05
Speaker
hoping for that.
00:05:05
Speaker
Okay, on a good note, I have a nice update to say. I am going to Hamptons this weekend, and I'm very excited. So, this is actually for an event, so I'm not gonna be, like, going there just for fun, but...
00:05:21
Speaker
I will try to have fun and this is like a brunch, Hamptons brunch they're calling it and it is for charity so and they're a bunch of brands that will be there so it will be fun event I hope weather would be fit coordinate I don't know like because it's supposed to be thunderstorm so
00:05:40
Speaker
We'll see. But yeah, I haven't been to Hampton's since the pandemic and I'm very excited. I want to see what has happened, what has changed. In case you guys are not familiar, Hampton's is such a nice place. I would definitely recommend it. It has such a cool vibe and like
00:05:58
Speaker
energy to it like smells rich feels rich but also just feels nice like I don't know I like I like it like it's clean it's like it's bougie and not to say like only it's not but like it's nice I absolutely love it and I rented the Tesla and I'm going with a friend so we're gonna have a lot of fun it's gonna be three hours drive and back and forth so like not total like three hours one way three hours another way so I
00:06:25
Speaker
I'm still excited, like I love driving, so it's going to be really fun. And especially driving with a Tesla, it's going to be awesome. And like, I feel like this would be a fun way to kind of like enjoy the summer a little bit before it ends, because initially, in case you guys don't remember, I don't know if I've mentioned this on this podcast, I've rented, I've rented a Tesla. I mean, I bought a Tesla, but it's not here yet. I'm supposed to get it end of this month or end of September.
00:07:00
Speaker
The timeline kept
Misconceptions: Fame vs. Wealth
00:07:01
Speaker
changing over and over. So I hope now I get it in end of August, like, or I don't know, September. I just want to get it at this point. So I don't know. I feel like there would be more fun opportunities, excursions that would happen. So I'm very excited. So anyways, yeah, but even if I don't have my own Tesla, this time I'm renting a Tesla. So it's going to be still fun.
00:07:22
Speaker
I was really hoping that I get it in July, but
00:07:28
Speaker
And there's a bunch of charging. Hamptons is very friendly with that and too many rich people, so they all have Tesla's. Well, most of them. So yeah, it's gonna be fun. And that's a little update. Now let's get on to today's episode.
00:07:43
Speaker
So today we are talking about fame and money. I have talked about fame before and I mostly talked about how everyone just wants to be famous these days and like how like there was no such thing like just a few years ago like no one thought like
00:08:02
Speaker
being an influencer or like being a content creator was like a decent job or it's something that you can actually like work for or do it like no one was like talking about that like and like the order of fame but nowadays like I think fame has become a really big thing
00:08:21
Speaker
And if you want to really learn and go deep dive into it about like how why people want to do it and why it's the way it is, you should go into that episode. I think it's called like desire for fame, something like that. So you can definitely check it out. I think I did a deep analysis on that and how it has been and why people want that and why people want to be famous, something like that.
00:08:49
Speaker
But today it's more I'm talking about the business side of it and how
00:08:56
Speaker
The best way to put it is that it's not the way you think it is and it's not the way it looks. I think from the outside, just like in social media, not just with fame, but from the outside, even if you have 100 followers, then you post something, right? And if you're posting about your vacation and if you're posting about your cars, something you bought, I don't know, random.
00:09:22
Speaker
People always like, oh my God, like this person is rich or this person is having the best time of their life. And like, this is what it is. Like they don't know what's the, they don't have the real story. Like they only know from what you show them. And fame is very similar in certain ways that like no one can tell if you are rich or not, or if you're making a lot of money or not.
00:09:44
Speaker
unless you make it super, super obvious, especially if they don't know you in person, and this is what I'm trying to talk about, I feel like from social media or from the outside perspective, we always assume that all these celebrities, they're so rich, they must be loaded.
Monetizing Fame Strategically
00:10:01
Speaker
And I mean, to an extent, I guess that could be true, but like it's just not what it seems. And that's why I want to talk about it. I feel like people think that like fame is just equals fame is just equals to money. And it's just not true.
00:10:17
Speaker
There is something that I want to mention. I feel like this is kind of like funny but also like sad but also true. I've seen someone's um I think this was in someone's bio and I feel like that's kind of like funny. It was saying that like you have to kind of like imagine that like you are rich but in monopoly money. Meaning like it's worthless.
00:10:40
Speaker
And, you know, because like you can make a lot of money with Monopoly, that game. So I wouldn't necessarily say that, like, you know, it is worthless, but I just feel like it has some truth to it that, like, it doesn't mean that, like, just because you're famous, you you will have a lot of money. Like, it's just not equal like that, because I feel like there are a lot of people who are not famous and they make a lot of money.
00:11:07
Speaker
I feel like it's very, people automatically associate the fame with money directly, but I feel like it's not like that. It's like you cannot say that like directly that that's the way it is. Because if you think that like, I feel like every single time when we see a profile, they're like, oh my God, someone with millions of followers or something, we're like, oh my God, they are millionaires or they are billionaires.
00:11:31
Speaker
And, like, again, there might be some truth to it, but, like, not all, and that's why I wanna explore in this episode the, like,
00:11:38
Speaker
There are people who are smart about it and they did what they had to do, but there are people who weren't smart about it and they didn't, or some of it is fake. Hence, it's not monetizable. I feel like that's the question with fame, is that I feel like in the past, you could be so, so famous, but if you cannot monetize that, that's a big issue and that's obviously
00:12:04
Speaker
Essentially like the fame has no purpose to you unless you just want to get these empty likes and like comments and shit But like if you cannot turn that into money
00:12:15
Speaker
I feel like essentially what's the point unless like for some people it's about like boosting their ego then you do you that's not the episode for you this episode is more about like the money and business side to it and how it's not directly attached to it but how it can be the way it could be and like just make a lot of money I feel like it's just not not directly and that's the point of it and that's the first thing I want to mention that like first point that fame is not equal to money
Brand Expansion and Reliable Teams
00:12:45
Speaker
Another thing I want to put it out there that like the way you can make this happen and how you can make a lot of money through fame is the like strategy. Strategy is where it's at. And this is where some people fail. And I will mention another point that will kind of connect to this one is that like you have to expand. You have to expand your brand. You have to expand to other platforms.
00:13:16
Speaker
you have to expand to maybe a new business. I don't know, like there are many ways to do that. You have to think, you have to have a strategy. That's where I'm trying to come at is like, because I think a lot of the times what happens is like, this is true, not just true for influencers, but like for actors, for singers. What happens is like people become famous either overnight, maybe that's for TikTok or,
00:13:45
Speaker
They have a single that goes so popular, or they have, I don't know, this show that they're part of, like, um, Sydney Sweeney, you know, how she's so popular. She's the it girl, essentially, because of euphoria.
00:14:01
Speaker
Like there is so many ways. But at this moment, essentially like you have the spotlight and you have to be very careful. You have to use that for your advantage. So meaning that like let's just say you are you essentially you have to think each of this thing as like your own thing and like own platform. Essentially like if you're popular on TikTok, that is the platform that brought you that fame.
00:14:26
Speaker
or if you are popular because of your show, that is the platform that brought you like Real Housewives of Atlanta or Real Housewives franchise. It's like that is the platform that makes these ladies popular. So like they have to like, yes, that they can stick to it. They can use it, but you have to grow from it. You cannot just rely on it because
00:14:51
Speaker
as much as we think that they make shit ton of money which I'm sure they do but I don't think any of that money even covers barely their mortgage maybe some of it like you have to we don't know the all the statistics so that's why we can never be like oh my god like this is so true we have some estimates but like how
00:15:10
Speaker
I don't know how much of it is even true and like you always have to take into account so many things which I'm gonna get into in the next part but like these are all each platforms or for my cases like Instagram where my first platform was and like that's where I got I'm not gonna call it fame but like my that's where I established things
00:15:28
Speaker
and this is different for everyone but like you don't want to just stay there because like I mean as much as I I would have loved that like oh my god Instagram or this platform or this platform that like it's gonna be there forever even like the shows right like they all have their moment
00:15:44
Speaker
Once that moment passed, you're going to lose it. And you have to use that moment with a strategy. You have to do something to expand. So like, even if you lose the audience from that platform, you have another platform now to rely on.
00:16:02
Speaker
That's what I'm trying to say, like multiple platforms. Like in my case, right? Like I'm expanding to TikTok. I have YouTube channel. Like I have other things that like I can never be like, oh my God, like Instagram is over these days and like my life is over. My career is over. It's not like that. And same thing with like some of these housewives or like some of these actors, like housewives, right? Like even if they get kicked out of the show, because like sometimes like, I mean, yeah, there are some OGs or there are some people that they come back
00:16:29
Speaker
every year, essentially, but even OGs leave sometimes, so like, you cannot rely on that paycheck and rely on that fame, but what you can do is expand from it, and there are people who have done it, like they opened the boutique, they opened the wine cellar, like Cynthia Bailey, or boutique like Swagger or Swag,
00:16:48
Speaker
like Nini Leaks, like there's so many of them. Like they opened something else or like biggest example is Betony Frankel, I think. She even used this for her advantage. They even call, they have like a, even Betony Claw, these Bravo's contracts and something because she opened her own business. And usually these days, I think if you open a business and you are part of the Bravo's franchise, the Real Housewives, they take a cut
00:17:15
Speaker
But at the time when Bethany was doing it, they weren't aware of that. And she's the one who started essentially like she thought about the future and she thought about like, oh my God, I'm getting fame from it, but I know it's not gonna last forever. And that's where she like kind of like took advantage and like expanded
Leveraging Fame with Effective PR
00:17:33
Speaker
herself. And I think that's where like you have to think about like that.
00:17:37
Speaker
Now at this point, I want to mention kind of connects to the strategy. Having a reliable team is like, that's what makes or break things. And that is very, very, very important because
00:17:52
Speaker
I know for someone who has a regular job, this is very hard to understand because like, I mean, and I'm not saying this in the shady or like, like in a way that like, I'm throwing shade that like, it's not like, you know, you wouldn't understand, but I'm just saying like, it's like, it's different. Like when you are in this industry, influencer, actor, creator, dancer, singer, like, you'll know all these people,
00:18:19
Speaker
Because you're the talent, yes, you can be the talent, you can be the agent, you can be the manager, you can be all those people, but bigger you are, or as you get more opportunities and everything, you have to have a team.
00:18:34
Speaker
even as simple as having an agent most people do, then nowadays, it's not even just an agent. First thing they get is assistant. And that's even more important, too. I'm just saying, there are so many things that normal people would be like. I feel like I don't want to say normal people. People who have regular jobs, they would think that this is ridiculous, but it's definitely something you need.
00:18:58
Speaker
Assistant aside, but like most people have like agents or managers. Some people think they're the same thing, but there's a slightly difference. Like agent is more on the money side and management or manager is more about like they think about your future and your goals and like your brand. So agent versus they just bring you opportunities and they just take the cut from it. They just want money.
00:19:18
Speaker
I mean, Manchester gets the money too, but it's not the same. So anyways, but this makes a huge difference because yeah, you can you can just do everything by yourself technically, but you're not going to, you know, like it's just it's not. And when you're a talent, it's like it's hard to do all that. You definitely need at least one or two people in the team.
00:19:38
Speaker
Yes, some people have bigger teams because they're more famous. But just normal, you know, like, and these teams really help you because when you have a good team, they can get you opportunities that you never thought you could. And they can use your fame that's happening right now. Like you can have a PR team, you can have, I don't know, like a agents PR agency that represents you, you can have like, I don't know, management team, like there's so much that you can do.
00:20:08
Speaker
And fame, when you have that fame, PR is so important and that's the most expensive, I would say, comparing to the agency, lawyers and management. Lawyers part, I totally forgot. That's the part like I would say because there are so many contracts you would need to sign. And like because these are not like small contracts because they're going to be big as you grow bigger, you won't have lawyers that like you don't want to make mistakes because like one mistake could cost you thousands of dollars or a million.
00:20:34
Speaker
That's why you need those lawyers. So when I say it, people might think that it's extreme, but it's not. So it's big. But PR is so big and that's the most expensive cost, but it really helps because they can use that fame to essentially like, exasperate that fame you have to bigger things, better things. And you really want to essentially milk that fame as much as you can.
00:21:03
Speaker
I know this seems this might seem so narcissistic or whatever, but like that's how Hollywood and how this media works or like you have to earn this media and like you have to be out there to use for your advantage and this PR it's easier because if you have a business or if you are working with businesses PR can bring more awareness to it.
00:21:25
Speaker
while you are still famous. And this is harder, honestly, when you're not famous or when you don't have the fame or when you kind of you're still famous, but like you don't have that attraction coming in. It's hard. And that's why like people use it a lot of the time and they have a show or music video. I don't know. I don't know. People still do music videos like album and stuff or like new movie and stuff. They use a lot of PR.
00:21:48
Speaker
We cost them a lot of money but this is where they can help you essentially make more money even also make big career leaps because that's where you can start really big things that I'm saying like you never thought you could like I don't know like being in a commercial like that's so big or like like starring in a movie or something even as like a like a
00:22:13
Speaker
you know, basic character that is like only has two lines, but it's a big deal. So I'm just saying that that makes a huge thing. And I think a lot of people don't realize that. And I wanted to just put it out there.
Financial Planning for Celebrities
00:22:25
Speaker
And that's why I like that there are a lot of people who are famous, but because they didn't have a good team or they didn't listen to certain people, hence they don't make the money that they need they supposed to. But versus the people who may be like have maybe half of the fame that
00:22:40
Speaker
these people have, but they make way more money. And that's why I'm trying to come at is like the entire point that like it's not equal to money. And it's very different. I feel like that's why people have to say like fame and money, not like fame and fame money, like fame equals to money because it's like people associate it like that because I feel like we are grown or we are accustomed to it. And that's why I'm trying to come at like, and I'm going to conclude it.
00:23:07
Speaker
I know I'm making it seem like this is the last one but last one is this. This one is so important and I feel like a lot of people might not believe this but this is the most crucial one even for the rich rich rich celebrities because I think a lot of the time people thinks when someone makes a lot of money they just have a lot of money you know they never have to think about savings or anything like that
00:23:32
Speaker
But the truth is, then you make a lot of money, you also have a lot of expenses.
00:23:39
Speaker
like a lot of expenses. So sometimes it's like you make that money, but then you have to pay for things. Then like I'm not saying like they're poor, but like they still lose. They still pay a lot of money too. Like it's not like they are keeping all that money, which is why my last point is that like saving and always thinking about the future where this could like essentially save you because when you have that fame and use that for your advantage, get those paychecks or whatever.
00:24:10
Speaker
You never want to use all of that. And I think this is true for most like the careers in this industry, like freelancers, influencers, actors, singers, because we have such an unreliable and unpredictable income. It's always good to save for a rainy day, that's for sure. But also we have to think about what we could be doing for our future.
00:24:35
Speaker
Because when someone has a regular job, I feel like even for that for sure too, but because they have a regular paycheck that they get every week or every other week or every month. But ours is very different. Sometimes you get 30 days, you get paid 30 days, 60 days, 90 days, three months, six months. It's very different. So like you can never rely on that. And you always have to back in your mind that like you have to save some of it, and also some of it for sure for taxes and stuff.
00:25:03
Speaker
Like it's very different so you always have to be like oh my god I cannot think that like this is not gonna happen like because like even Sydney Sweeney she recently said in an article that like I cannot just be like take a break for six months and like from acting because like
00:25:20
Speaker
They don't pay us like they used to look because they don't get residuals or anything from streaming services and actors So like it's very different and that's very true for me too. It's like I yeah I mean I would want to take a break from some things on social media, but I cannot like it's like you have things to pay you have bills to pay you have expenses and
00:25:39
Speaker
And that's true for that. Like I mentioned earlier about the teams, and she was saying how she has to pay for lawyers and agents and team and the PR, and the PR costs as much as her mortgage. So it's like, I'm saying, I feel like people never think like that, that they make a lot of money, they never have to think about it. And other thing, besides the saving, is that thinking about the future. And that's true because
00:26:05
Speaker
Because of this career that we have, yes, I feel like we can be doing this for a long, long time. But at some point, because we evolve, but also things change, I feel like at one point we have to think about like, it's going to be different.
00:26:22
Speaker
like we cannot ride this vape forever just like you know athletes you know like uh they have they they you know their body what makes them the money and they get the sponsors but you cannot be an athlete forever because at one point your body is going to
00:26:41
Speaker
you know break like and that's true like it's sad to say but it's true and same as dancers like I remember my one of my dance teachers she was she was a Rockette you know like them what is that called
00:26:55
Speaker
Rockefeller radio show, whatever, that thing, I forgot the name. But anyway, she was there. But then she injured herself and she had to take a break. Then she couldn't come back because she couldn't do the hours that she used to. And she switched to switching. She switched to switching. She switched to teaching. So.
00:27:17
Speaker
I mean, obviously, maybe that's not what she wanted, but she got what she wanted at that time. And that's why I'm trying to come at this. Like, I feel like athletes, influencers, actors, like, yeah, there are still even actors that they do things when they are really, really old, but they evolve. They don't do the same characters that they were doing before. You know, like, it's very different. That's what I'm saying. Like, I'm just saying it will be completely like you'll be out of this career, per se, but it will be different. And you have to evolve and you have to think about, like,
00:27:47
Speaker
What are you gonna do in the future and how you can make a transition? Like I'm sure for myself that like I've made a transition in my career with being an influencer and like How I started in the beginning versus how I am now It's different and I feel like it's gonna be different for everyone too and I feel like but that's where things come at that like we have to think about the future because not like we have an employer or anything that like that would give us a
00:28:14
Speaker
I don't know retirement account or whatever we have to think about that to see how long we can ride the wave and that's the point of fame that like you have to be
00:28:24
Speaker
writing it until the very end, but writing it with some of these strategies that I just mentioned and hope this makes sense. I love talking about this stuff. I feel like it's so interesting and I know you guys love it too. So thank you guys so much for listening. And if you guys have any questions, please do DM me on Instagram or wherever you listen to them. And I'll see you guys next week with another episode. Bye guys.