The Boy Who Lived isn’t exactly living it up with the nearly US$100 million he earned playing Harry Potter in the hit film franchise.
“I don’t really do anything with my money,” Daniel Radcliffe told the Belfast Telegraph. The 27-year-old acknowledges how lucky he is to not have to worry about money and is using his financial freedom to star in independent films rather than money-making blockbusters.
His relatively modest lifestyle is refreshing in an age of Kardashian consumerism. He may not necessarily be frugal, but he isn’t irresponsible with his wealth either. But even though we’d say that Daniel should probably start investing or earning interest on his savings if he hasn’t already, it doesn’t seem like he’s going to run out of money anytime soon.
Still, for those of us who aren’t lucky enough to be boy-wizard millionaires, here are some things you should be doing with your funds right now.
If you’re just starting out, here’s what you can do with $1,000.
For those with $10,000 to spare, try these options. Low-fee mutual funds and index funds are a great bet.
Investors with $100,000 burning a hole in their pockets should consider these ETF and stock picks.
For those flush with cash, check out how you can invest wisely with your $500,000.
A million dollars is peanuts compared to Radcliffe’s $100 million fortune but there are ways to grow your money to get, er, sort of close.