- Keke Palmer reveals she pays just $1.5k in rent and drives a modest car, insisting it’s more important to be financially stable than flashy
- She reveals her dad gave up his pension, and her mum left everything to support her career, which was helpful.
- The True Jackson star began acting at 9 but says she quickly out-earned her parents, but still follows their humble example
Popular American actress and singer Keke Palmer has stunned many after opening up about her simple lifestyle and money habits despite being a Hollywood millionaire.
In a recent interview with CNBC Make It, the 31-year-old entertainer revealed that she intentionally lives far below her means, an unusual move in an era where celebrities are often known for flaunting their wealth.
Keke Palmer explains the importance of living below your means
Keke Palmer shares why she lives broke despite earning millions. Photos: @kekepalmer.Source: Getty Images
During the candid interview, Keke stressed that being rich doesn’t mean one should spend recklessly.
She stated:
“I live under my means. I think it’s incredibly important. I don’t need to impress anyone. If I have a million dollars, my rent is going to be $1,500. My car note is going to be $340. I don’t need a Bentayga; I’ll ride in a Lexus.”
She explained that her humble beginnings shaped her view on money. Her parents, who made about $40,000 (N52 million) a year combined, were always careful with spending — a lesson she has now carried into adulthood.
See the post here:
Her parents sacrificed everything, now she gives back
Palmer added that her parents made major sacrifices to support her childhood career, with her dad even giving up his pension and her mum travelling around the world with her.
She said:
“What’s mine is theirs and what’s theirs is mine.I would work another 20 years if it means I can provide for them.”
She believes in saving, investing wisely, and helping her family, not showing off material things for social media validation.
The actress also used the opportunity to advise young people, especially women, to educate themselves about money management.
She recommended reading financial books, taking local courses, speaking with money-wise friends, or even using tools like ChatGPT to draw up personal budgets.
She advised:
“It’s important to know how to manage your money. Don’t wait until it’s too late”
Keke Palmer Shares Why She Lives Broke Despite Earning Millions: “She Just Dey Suffer Herrself”Source: Getty Images
Keke Palmer celebrates son’s birthday
TheTalk.NG reported in February that Keke Palmer celebrated the 2nd birthday of her son. The popular child actress shared a sweet post in celebration of Leodis, whose birthday was on February 25, 2025.
The Hollywood star posted about how much of strong a child Leo is and that he has changed her life forever. In another post, Leodis shared with his fans how much fun he had on his special day. From his mummy braiding his hair to throwing him a party.
Leodis wrote: “I had the best birthday ever!! It started off with my mommy braiding my hair. She annoyed me with that, but we were watching Nemo, so I was distracted enough.”
Source: TheTalk.NG
