'I'll start panicking': Comedian Bobby Lee clueless about his savings, mortgage, and paying his phone bill
From MadTV to TigerBelly, Bobby Lee has had quite a career as a comedian, actor and podcaster. While Lee's never shy about posing direct questions to his guests, there's one thing he does not want to know — his own personal finance situation.
During an appearance on the Iced Coffee Hour podcast, hosted by Graham Stephan and Jack Selby, Lee was asked how much money he makes.
Don't miss
-
Jeff Bezos told his siblings to invest $10K in his startup called Amazon, and now their stake is worth over $1B — 3 ways to get rich without having to gamble on risky public stocks
-
Car insurance rates have spiked in the US to a stunning $2,150/year — but you can be smarter than that. Here's how you can save yourself as much as $820 annually in minutes (it's 100% free)
-
These 5 magic money moves will boost you up America's net worth ladder in 2024 — and you can complete each step within minutes. Here's how
His answer was simple, “I don’t know.”
He explained that he doesn’t even know a ballpark figure because he has never asked.
The hosts, now puzzled, asked, “Who do you have to ask?”
“I have a money guy,” Lee said. “I don't want to know how much money I have. I don't want to live in a world where I'm like, always looking at my bank account, worried and this and that.”
Lee revealed that he signed on with his “money guy” 15 years ago, who takes 2% of his income.
The reason Lee doesn’t want to know about his earnings — or how much money he has — is that staying in the dark gives him a peace of mind.
He explained, “If the numbers are really low, I'll just be depressed and I'll start panicking — I need to do more. But if you don't know, then I just live my life.”
While Lee prefers to have a "money guy" handle his finances, most people don’t have that luxury. For the average person, understanding and managing personal finances is crucial for achieving financial stability and future security.
Know your expenses
One of the most shocking facts Lee revealed during the podcast was how little he knows about his expenses.
“I don't know what I pay for my mortgage. I don't know what I pay for my car. I don't know what insurance costs. I don't know what my utility costs — all that's taken care of … every bill. I don't even know where the phone bill — I don't even know where to go to do it,” he said.
Stephan remarked that “it kind of sounds nice” to never have to worry about missing a payment.
Of course, if you don’t have a "money guy" managing your bills, it’s best to understand your own spending habits.