In a video posted on one of her social media channels, Christy Carlson Romano issued an official disclaimer about circulating news of her millions in the bank.
Romano felt it necessary to explain her current financial status and how she is “not a millionaire in any way, shape, or form.” The showbiz star explained how she lost all her money and her journey back to financial security.
The Former Belle of Disney Shows
Many kids remember Christy Carlson Romano’s star roles on Disney shows. Indeed, her acting career started with Disney Channel.
However, things are no longer the same for her financially, as she mismanaged most of the money she earned during her teenage years. The video Romano shared on social media summarizes her journey of financial rehabilitation.
We Can Learn from the Mistake of Trailblazers
Romano is 40 years old and was an Emmy Awards nominee during her career’s heydays. The video in which she shared information about how she blew millions from her acting career is an effort to educate others about the need to be intentional about their finances.
A ploy to save youngsters with similar opportunities from setting it all on fire.
Young Money May Go to Waste if Managed Inordinately
According to Romano, she was just 16 years old when she nailed acting roles with Disney, and money started coming in hand over fist.
Romano claimed no one cautioned her about the brevity of a child actor’s career. She said her mom and money manager gave her the impression that the funds would keep coming unconditionally.
Recording a Video for Your Channel In Style
Romano’s YouTube video, in which she shared intimate details about her finances, was set on a walking trail. She seemed to be going on a power walk when the video was recorded.
Romano regretted not investing her money back then. Yes, she spent some of the money on getting a degree at age 18, but she eventually dropped out.
Some Money Lessons Learned in Maturity
However, when maturity and adulthood started dawning on her, Romano returned to earn a degree and graduated at 30.
Her teenage years were a compendium of financial complications. Romano had money at her disposal at that time but lacked the purpose and direction to exploit it for her financial security.
Lack of Financial Guidance Makes Wealth Tank
Romano said of her financial exposure during those years, “I was never told how much money I was making. Money didn’t have a purpose for me, I didn’t really know what it was. I just knew that I had it and didn’t care about it. That’s a problem.”
Another notable thing Romano remembered doing with her money was helping her parents out of financially tight spots.
Money Issues Can Cause Disruptions to Family Dynamics
According to the ex-Disney teenage star, her relationship with her family soon went sour, and they parted ways when she was 21.
She obviously did not like how her money was being managed, and Romano’s separation from her family turned out to be the beginning of her financial enlightenment. According to Romano, it was a sad year but one during which she started piecing her life together.
Financial Awareness and Financial Education are Quite Different
While Romano learned a bit about how money works after banding off on her own, she still had much to learn about handling money, particularly when she had a lot of it at her disposal.
Romano shared in the video that around that period, she started making expensive purchases, all in a bid to fit in and boost her self-image.
Large and Unsustainable Purchases Give a False Sense of Fulfilment
Romano remembers splashing money on Ralph Lauren fashion items and a Mercedes-Benz G Wagon.
To make matters worse, Romano also became affiliated with a psychic who managed to fleece her of a significant amount of money before discontinuing consultations. However, as her money started to tank, Romano began making decisions she would later regret.
Working for the Money and Not for Life Goals
Romano started taking up movie roles just for the money, not necessarily for career progression. Now that she has kids of her own, Romano said she particularly regretted taking up a movie role in which she did a nude scene.
She knows better now and has come to terms with the consequences of her actions.
Financially Stable But Not Wealthy As Claimed
Despite acquiring much financial knowledge, Romano confirms that she is now financially stable and doing well.
However, towards the end of the YouTube video, the Kim Possible star reaffirmed that she is by no means a millionaire and that the information making rounds about Christy Carlson Romano’s net worth of $3 million is downright false.