{"id":22034,"date":"2026-02-15T13:34:11","date_gmt":"2026-02-15T13:34:11","guid":{"rendered":"https:\/\/microvibenews.com\/?p=22034"},"modified":"2026-02-15T13:34:11","modified_gmt":"2026-02-15T13:34:11","slug":"keke-palmer-became-a-millionaire-at-12-but-she-live-under-my-means","status":"publish","type":"post","link":"https:\/\/microvibenews.com\/?p=22034","title":{"rendered":"Keke Palmer became a millionaire at 12\u2014but she live ‘under my means’"},"content":{"rendered":"

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It\u2019s natural to want to splash out when success finally rolls in, ushering a new era of buying mansions, and leaving behind the days of shoebox apartments. But actress Keke Palmer\u2014who has spent two decades gracing the screens of movie theaters and streaming sites\u2014hasn\u2019t been spending up her entertainment fortune.\u00a0<\/p>\n

\n

\u201cI live under my means. I think it\u2019s incredibly important,\u201d Palmer told CNBC <\/em>in an interview <\/em>last year.\u00a0<\/p>\n

\u201cIf I have $1 million in my pocket, my rent is going to be $1,500\u2014that\u2019s how underneath my means I\u2019m talking. My car note is going to be $340. I don\u2019t need a [Bentley] Bentayga, I\u2019ll ride in a Lexus.\u201d<\/p>\n

The 32-year-old actress\u2019 thriftiness may come as a surprise\u2014one might expect the star of hits like Nope; Hustlers; True Jackson, VP; and One of Them Days <\/em>to be living a high-flying lifestyle. She even became a millionaire as a preteen for her child acting gigs, but that didn\u2019t set her on a path of luxury and excess.\u00a0<\/p>\n

\u201cI learned from my parents very early on because they knew their limitations with money and finances,\u201d Palmer said. \u201cI believe in saving and frugality\u2026 I don\u2019t play around with that.\u201d<\/p>\n

Becoming a millionaire at 12\u2014and her advice for young people<\/h2>\n

Before she was even old enough to understand money, Palmer was already seeing seven figures flashing before her eyes. She quickly rose to millionaire status for starring in hit projects like Akeelah and the Bee, Barbershop 2: Back in Business, <\/em>and Madea\u2019s Family Reunion<\/em> as a kid.\u00a0<\/p>\n

\u201cI became a millionaire at 12,\u201d Palmer said in a 2025 interview with NFL star Shannon Sharpe on podcast Club Shay Shay. <\/em>\u201cI started working 10, 15 years before most of my generation had [their] first job.\u201d<\/p>\n

At the time, Palmer said her parents were making around $40,000 annually\u2014so her income was a huge lift. Luckily, her family understood how to make their money stretch, and the actress has carried that lesson into adulthood. Palmer advised other young people, especially women, to \u201clearn up\u201d on economics. It could mean the difference between living paycheck to paycheck or thriving with stacked savings.\u00a0<\/p>\n

\u201cBe curious about that kind of stuff, because you don\u2019t want to do things based off of survival,\u201d Palmer told CNBC<\/em>. \u201cYou want to do them out of choice. That\u2019s something that my mom and my dad taught me very early on.\u201d<\/p>\n

Other successful people living frugally<\/h2>\n

Just because you have a million\u2014or even a billion\u2014in the bank, doesn\u2019t mean it\u2019s the wisest decision to live a life of glitz and glamour. Some of the world\u2019s most successful people espouse skimping where they can.<\/p>\n

Billionaire hedge fund mogul Warren Buffett doesn\u2019t live in a posh mansion, surrounded by sports cars. The Berkshire Hathaway legend purchased a home in Omaha for just $31,000 in 1958\u2014and hasn\u2019t left since. He has also famously driven a 20-year-old car because it felt safer than luxe BMWs or Ferraris.\u00a0<\/p>\n

\u201cI do not think that standard of living equates with cost of living beyond a certain point,\u201d Buffett said at a Berkshire Hathaway shareholders meeting. \u201cMy life would not be happier\u2026it\u2019d be worse if I had six or eight houses or a whole bunch of different things I could have. It just doesn\u2019t correlate.\u201d<\/p>\n

Mitzi Perdue is also living well below her means. The prolific writer is the heiress of the billion-dollar Perdue chicken empire and Sheraton hotel group, yet still rents her apartment as a self-proclaimed \u201clow-maintenance badass.\u201d Billionaire and former Shark Tank<\/em> host Mark Cuban is on the same wavelength, too; by selling his software company MicroSolutions for $6 million in 1990, securing $2 million for himself, he had come into newfound money. It signaled a change that Cuban may no longer have to slum it with five roommates\u2014but he was still cautious about spending.<\/p>\n

\u201cBy the time I sold [MicroSolutions], I had just bought the worst house in the best neighborhood, but I wasn\u2019t big into that,\u201d Cuban said in a 2024 interview with Jules Terpak. \u201cI wasn\u2019t big into cars. I wanted to live like a student and just have fun.\u201d<\/p>\n

A version of this story was published on Fortune.com on May 20, 2025.<\/em><\/p>\n<\/div>\n

#Keke #Palmer #millionaire #12but #live #means<\/p>\n","protected":false},"excerpt":{"rendered":"

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