Reese Witherspoon claims she doesn’t know a single woman without a 'disaster financial story' from 'divorce' or 'debt'

Home> Celebrity> News

Reese Witherspoon claims she doesn’t know a single woman without a 'disaster financial story' from 'divorce' or 'debt'

The actress detailed the best financial advice she has ever received

Reese Witherspoon has claimed she doesn’t know a single woman without a 'disaster financial story', whether that be from a break-up or stemming from debt more generally.

The Hollywood actor has an estimated net worth of $400 million, having starred in many great films and TV shows over the years, including Legally Blonde and Wild.

And having spent the best part of two decades at the top, Witherspoon is offering her advice regarding financial issues and how to overcome them.

Speaking on a recent episode of the Aspire With Emma Grede podcast, the actor revealed that part of her lessons are as a result of her own experience of witnessing women becoming financially dependent on their partner in a relationship.

"I do not know a woman who doesn’t have a disaster financial story in her past," Witherspoon said on the podcast. "Whether it’s her, her best friend, her sister, her mom, her grandma, her auntie - she lost all her money or she got divorced and she got stuck with the bill, or, you know, debt, so much debt."

Witherspoon has an estimated net worth of $400 million (Theo Wargo/Getty Images for Apple)
Witherspoon has an estimated net worth of $400 million (Theo Wargo/Getty Images for Apple)

The 49-year-old went on to say she continues to educate herself about money and how best to navigate her finances.

"A lot of what we learn is one course in three days in high school. We’re lucky if you get three months," she said.

"I did well, but I could have done amazing. A lot of them are mindset."

The Big Little Lies star also detailed the best piece of advice regarding money she ever received.

“Don’t get into debt,” she continued. “Do everything you can to not get into debt, and pay off those credit cards or don’t spend the money like it’s yours. It’s not yours, girlfriend.”

The actor has also received a lot of life advice from her mother, Betty Reese, 77, which she detailed in the podcast.

The actor has received a lot of life advice over the years (Gareth Cattermole/Getty Images)
The actor has received a lot of life advice over the years (Gareth Cattermole/Getty Images)

Witherspoon added: "Don’t ever let somebody control you with money. If someone says, ‘I’ll take care of it, I’ll take care of you, I’ll handle this…’ that person could leave. That person could hurt you. You always keep your job.

"Your job is your life insurance. My mom always used to say that to me."

Recalling her mother's personal experience, Witherspoon continued: "My mom went through some tough stuff in a marriage with finances. Really tough stuff. And so did my grandma, not in marriage, but with our family structure.

"My mother worked night shifts, she worked weekends, so I had to kinda take care of myself; my brother and I would make dinner and everything. She was so tired, but she just loved her patients."

Featured Image Credit: Aspire with Emma Grede via YouTube

Topics: Money, Celebrity, Film and TV