By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
9
Notification Show More
News
ECB may have to cut interest rates below 2%, former hawk says
39 minutes ago
News
Global supply chains threatened by lack of Chinese rare earths
2 hours ago
News
Nvidia seeks to build its business beyond Big Tech
3 hours ago
News
Hong Kong stocks outperform mainland China by most since 2008
4 hours ago
Videos
Microsoft and Meta shares up post-earnings results, AI trade winners
8 hours ago
Videos
Why Americans Are Flocking To Nashville
8 hours ago
News
CIA to name veteran Middle East case officer as head of covert operations
13 hours ago
News
Trump to speak to Putin and Zelenskyy in fresh peace bid
15 hours ago
News
Israel expands Gaza ground offensive after days of air strikes
18 hours ago
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > Credit Cards > Even actor Dax Shepard feels ‘out-of-hand financial insecurity.’ Here’s how one advisor says you should handle that kind of stress
Credit Cards

Even actor Dax Shepard feels ‘out-of-hand financial insecurity.’ Here’s how one advisor says you should handle that kind of stress

News Room
Last updated: 2023/08/23 at 9:40 AM
By News Room
Share
4 Min Read
SHARE

Dax Shepard at the grand opening of a Hello Bello distribution and manufacturing center on Oct. 26, 2021 in Waco, Texas.

Rick Kern | Getty Images

Not even Hollywood’s A-list is immune from financial anxiety.

Dax Shepard is a successful actor with countless credits under his belt, and he’s married to TV and film staple Kristen Bell, of “Frozen” fame.

But despite living in what many would consider the abundant two-income household that such success affords, Shepard admits he, too, experiences extreme financial stress.

More from Personal Finance:
Even millionaires feel financially insecure
Don’t borrow money for your wedding
Here’s how much people really tip post-pandemic

“I am currently in a, like, two-month spiral of just completely out-of-hand financial insecurity,” Shepard recently said on his “Armchair Expert” podcast.

Amid failed negotiations between the Alliance of Motion Picture and Television Producers and members of both the Screen Actors Guild-American Federation of Television and Radio Artists and the Writers Guild of America, which has been on strike since May, Shepard said he has “this new fear of, ‘I’m going to somehow be broke or I’m going to lose everything, podcasting is going to be over, there’s an actors strike and I’m not going to act.'”

Although he acknowledged his intense fears are “preposterous,” they are also hard to shake. “It’s not related to reality; it’s from growing up poor,” Shepard said.

‘We are all worried about money’

“If Dax Shepard can feel financially insecure,” that says a lot about our current climate, said Jason Van de Loo, chief client officer at Edelman Financial Engines. “We are all worried about money.”

“It’s a common experience for people at every socio-economic level,” added Brad Klontz, a Boulder, Colorado-based psychologist and certified financial planner.

These days, fewer Americans, even millionaires, feel confident about their financial standing.

Persistent inflation has made it harder to cover even day-to-day expenses. Households are facing surging childcare costs, ballooning auto loans, high mortgage rates and record rents.

Some 70% of Americans admit to being stressed about finances, according to a CNBC Your Money Financial Confidence Survey conducted in March.

And, only 45% of adults said they have an emergency fund. For those who do have emergency savings, about 26% polled said they have less than $5,000 saved, which would not be enough to withstand a prolonged period without pay, such as an extended Hollywood strike.

However, most people will experience some sort of income disruption at some point, said Klontz, who is also managing principal of YMW Advisors and a member of CNBC’s Financial Advisor Council.

The key, he said, is to “keep things in perspective.” Klontz recommends visualizing the worst-case scenario and how you can overcome it.

“This type of thing happens to a lot of people, there’s a financial tragedy and then they start to rebuild,” he said.

Subscribe to CNBC on YouTube.

Read the full article here

News Room August 23, 2023 August 23, 2023
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
ECB may have to cut interest rates below 2%, former hawk says

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

Global supply chains threatened by lack of Chinese rare earths

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

Nvidia seeks to build its business beyond Big Tech

Nvidia is seeking to reduce its reliance on Big Tech companies by…

Hong Kong stocks outperform mainland China by most since 2008

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

Microsoft and Meta shares up post-earnings results, AI trade winners

Watch full video on YouTube

- Advertisement -
Ad imageAd image

You Might Also Like

Credit Cards

Credit card rates are practically in ‘loan shark’ territory as they hit record highs, advisor says

By News Room
Credit Cards

Here are 3 money moves wealthy Americans are more likely to make in times of economic uncertainty

By News Room
Credit Cards

Retail trade group urges passage of bill that would reduce credit card ‘swipe fees,’ here’s why

By News Room
Credit Cards

Taco Bell employee in hot water after customer makes disturbing find on bank statement: police

By News Room
Credit Cards

States with the highest credit card debt

By News Room
Credit Cards

Consumers are turning to personal loans to pay off credit card debt: TransUnion

By News Room
Credit Cards

Josh Hawley wants to cap credit card interest rates and introduced legislation to do it

By News Room
Credit Cards

Delta will make it harder to get into airport lounges, changes rules to earn elite status

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?