Lkeller said:
Yeziknoradio said:
...another soon to be washed up child actor, perhaps? ??? 2 1/2 men can't go on forever.
Could be. But if so, Angus will get a soft-landing, financially speaking. Assuming his parents (or whoever has been controlling his money) has not squandered it, he should be set for life.
Some of these kids do go on to successful post TV careers - look how well Joseph Gordon Levitt (
3rd Rock from the Sun) is doing in films, including
50/50, which has just been released to theaters. Levitt spent a few years doing low budget but critically acclaimed independent films - probably for not much money. He established himself as a versatile talent.
But it's not like the 1960s and 70s, where TV kids were payed poorly, and rarely participated in residuals from reruns. You've all heard the stories - as adults, many of these people ended up broke and emotionally unstable. Though it's no doubt hard to deal with the emotional part, having no money worries has got to help.
I think a lot of it depends on the person. If they get into the drug scene or have a large entourage it can hurt you. I always recall Nell "Gimme A Break" Carter saying (when asked how she could be broke), "Sure I was making $20,000 a week, but I was spending $25,000 a week on coke."
If you read Maureen "Marcia Brady" McCormick's book, she says that she never had any trouble getting acting jobs after she left "the Brady Bunch," but she got into drugs, and that became her priority instead of acting. So she'd take bit jobs to earn her money to get her coke and other drugs. She says she came out of "the Brady Bunch," with half a million dollars and, as she says, "put half a million dollars up her nose."
MC Hammer said he was broke because his entourage was costly. He was employing almost 200 people. C'mon now, he wasn't a big enough star to really NEED that many people on staff.
So you can make lots of stupid decisions, and if only need to look to Michael Jackson to see how he surrounded himself with greedy people who told him what he wanted to hear, instead of what he needed to hear, and were only too willing to suck up to him and live on his money. And he gladly paid them to do it.
And while I agree the residuals are much better now, it's still possible to blow through them quickly if you're into drugs or have an inflated ego.
I have "the Family Affairs," DVDs and Kathy "Cissy" Garver has a discussion with other child stars. Basically they agreed that the difference was between child stars who had parents with full time jobs and those without them. She points out how her parents had full times jobs and never once had to take her earnings. This as opposed to Johnny "Jodie" Whitaker who's parents used his money to support the family. Whitaker says he should've come out with two million dollars when he came of age, and only had $800,000. And his parents explained they used the rest to pay for moving the family to California and to pay for his siblings college educations. And it was all done with the judges OK.
Another example is Buddy "Mayberry RFD" Foster. He states his mother used all his money and his sister, Jodie's money and tied it up. For instance, she had the judge OK a buy in to a house for his older sister (not Jodie who was younger). So basically the older sister bought a house and the mother "Invested" a portion of Buddy's money into that house.
Now when Buddy came of age, he was stuck with being in the situation that the only way he could get his money out was to tell his sister, to buy him out. If she refused, which she did, then he was in the position of having to sue her to force a sale to get his money. Which he felt he couldn't do.
Jodie Foster says she never saw any of her money she earned as a child. Buddy Foster says his mother did put enough liquid money aside so he and Jodie got their college paid for, and by that time, Jody was a star as an adult.
So a lot of factors seem to go into the money.