Miley Cyrus nonetheless remembers the primary buy she ever made upon making “slightly cash.”
It was “a black perforated Alaia belt,” Cyrus, 32, advised The New York Instances in an interview that revealed on Might 31. “I do nonetheless have it, and that is why I am so emotionally connected to Alaia.” Perforated Alaia belts presently run for $850 to $1,750 every, in accordance with the French design home’s website.
Cyrus, who wore a customized crop high and skirt made by the model on the 2025 Met Gala on Might 5, is probably best-known at the moment as a three-time Grammy-winning recording artist. However she first attained public recognition and wealth as a baby actor — taking part in the titular character on the Disney Channel’s TV present, “Hannah Montana.” The present first aired in 2006, when Cyrus was 13 years previous, and ran till 2011.
Cyrus’ affinity for high-end style hasn’t gone away: In December, she bought a classic Bob Mackie costume at public sale that was beforehand estimated to promote for as much as $8,000, according to the Hollywood Reporter. (The precise value Cyrus paid stays undisclosed.)
Clothes is a well-liked selection amongst newly minted celebrities, seeking to spend their first large paycheck. NFL star Travis Kelce spent around $10,000 on a restricted version pair of Nike Air MAGs, he said on his “New Heights” podcast, in an episode that aired in Might 2023.
“Saturday Night time Stay” star Bowen Yang bought a pair of Gucci shoes along with his first paycheck from the TV present, he advised New York journal in a video revealed on Dec. 4. “The type that everybody acquired, and the type I would not really feel tremendous cool sporting out now,” Yang mentioned.
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Different high-profile first big-money purchases embrace properties, sometimes for family members, or automobiles. Retired NBA star Shaquille O’Neal did both: He spent his first $1 million inside hours on paying off his mother’s home, three Mercedes Benzes — for himself, his dad and his mother — and “rings and diamonds and earrings,” he told Business Insider in November 2017.
In the event you ever obtain a windfall of cash — whether or not that is successful the lottery or touchdown a job with a significant pay elevate — do not be hasty, monetary consultants advise. Working with property and tax advisors might help you keep away from pointless taxes, Warren Racusin, a wealth planning legal professional and companion at Lowenstein Sandler, told CNBC in December 2023.
These monetary consultants can particularly enable you forestall regrettable spending selections. At age 24, for instance, comic and actor Kevin Hart shelled out for a sequence of throwback jerseys from athletes like Julius Ervin, Reggie White, Magic Johnson and Larry Chook, he told CNBC Make It in October 2018.
He declined to share how a lot he spent. “If I needed to put a quantity on it, I might say it was silly plus silly, which equals silly, OK? I do not even really feel snug speaking about it,” Hart mentioned, including: “In my protection, so many individuals do not perceive the worth of cash till they’ve it … When you may have it and lose it, you perceive the worth of it and its significance.”
Disclosure: NBCUniversal is the dad or mum firm of CNBC and NBC, which broadcasts “Saturday Night time Stay.”
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