Actress Keke Palmer is deliberately choosing to live beneath her financial means as she aims to avoid the pitfalls of bankruptcy that befall many Hollywood stars.
In a recent session on Shannon Sharpe’s “Club Shay Shay” podcast, Keke expressed that maintaining a lifestyle below her means is her primary financial objective.
“I dwell below my means. I believe it’s remarkably crucial,” Keke asserted. “If I possess $1 million, my rent will only be $1,500 — that’s the extent of how far below my means I aim. My car payment will be $340. I don’t require a [Bentley] Bentayga; I’d prefer a Lexus instead.”
The former child actress remarked that her parents imparted the wisdom of financial prudence and dollar-stretching techniques.
“My father sacrificed his pension so that I could pursue my aspirations. My mother forfeited everything to accompany me on my journey,” Keke stated. “What’s mine is theirs, and what’s theirs is mine… I would gladly dedicate 20 more years of my existence in this industry to ensure I can provide, allowing us to sustain the business we have today.”
At the age of 31, Keke started her acting career at 9 in Ice Cube’s 2004 film, “Barbershop 2: Back in Business.” By the age of 13, she secured her first leading role in the 2006 film “Akeelah and the Bee.”
In February 2023, Keke welcomed her son, Leodis, with her then-partner Darius Jackson. By 2024, they parted ways. However, Keke is financially stable and not reliant on him for child support.
Keke manages her finances wisely, ensuring her savings can support her lifestyle for many years even if acting opportunities decline.