Here’s How Jay Leno Became Super Rich: Follow The Millionaire’s Footsteps
Jay Leno has been a successful comedian and a very famous personality on television. His net worth is estimated to be around $400 million, which is quite enormous for someone whose entire career has been linked to a single TV show, The Tonight Show.
Leno made his first appearance on the show back in March 1977. Before that, he made a few appearances on television albeit in minor roles, in different episodes of shows like Good Times, and Holmes & Yo-Yo, to name a couple.
When he first came on The Tonight Show, Leno had only been replacing the then-host Johnny Carson as a substitute in multiple episodes. Later, he was hired as the full-time host of the show in place of Carson, and this has led him to amass a lot of wealth for himself.
How Did Leno Earn So Much Money?
According to one of his interviews, Leno said that his earnings are the result of two very lucrative jobs that he has worked on in his career, one as a host of The Tonight Show and the other as a host of Jay Leno’s Garage which airs on CNBC.
We would like to mention here that Jay Leno has a huge collection of automobiles because of his passion for collecting cars with different models and designs. He also has a collection of classic cars and his favorites are kept in a basement under his home, which he accesses through an elevator. In Jay Leno’s Garage, he is often seen showing off these cars and describing their unique specifications.
A Cars Salesman
Before joining the media industry, Leno had been working as a cars salesman. According to him, he kept much of his earnings from the proceeds of this car business in the bank and did not spend a single dime from those savings. Technically, that was the starting point of his wealth accumulation. And, when he became famous as a comedian on The Tonight Show, his earnings grew at a very fast pace.
Reportedly, Leno was earning five times more than what he was earning as a cars salesperson when he joined The Tonight Show. But still, even though he could spend a lot of money, Leno decided that he would save up the money that he was earning from the show in the bank, and only spend the money that he was earning through his car dealership.
One Job for Savings, the Other for Expenses
Thankfully, Leno has shared the secret behind the success of his abovementioned strategy. Among the two jobs that he had, he would spend the proceeds from the one which was less lucrative, thereby setting his spending budget, and therefore saving up all the proceeds coming in from his more lucrative job.
As a result, Leno ended up saving a lot of money while also spending wisely. If we accept that he did save up all that he earned from the show, then Leno was saving $30 million every year, which is a lot of money.
More in Financial Adviser
Habits That Might Lead You To A Financial Crisis
There are just so many ways that people can get into financial crisis, such as a sudden death of a family...April 29, 2020
Tips and Tricks For Sensible Saving
Money is indeed meant to be spent, people get jobs and have a career to be able to earn a good amount...April 29, 2020
Why Single Ladies Have Less Debt Than Single Men
When is being indebted to people ever a good thing? Don’t answer that, it is a trick question. The answer is...April 21, 2020
Want to Be Your Own Financial Advisor? Let’s Get You Started Already
Managing finances, if not handled correctly, could be a couple’s worst nightmare. Understandably, money is a sensitive commodity, and how you...April 21, 2020
All The Things You Learn When You’re in Debt
Unfortunately, we are not all smart with money. We make bad decisions, we are stubborn and naive when finances are in...April 21, 2020
Some Precautions You Need To Take When Shopping Online
Shopping online has become a favorite pastime among many people because it can be fun to search stores and websites for...April 14, 2020
5 Unusual And Strangely Addictive KitKat Flavors To Thank Japan For
You might have heard about all those Kit Kat flavors that they make in Japan and how you wish that they...April 14, 2020
How You Can Become Wealthy
It can be a rewarding and an exciting experience when trying to build wealth. Besides providing you an opportunity to lead...April 14, 2020
Are You Prone to Making These Common Money Mistakes? Here’s How to Stop Today
Truth be told, we have all made a poor financial decision or two over the years. The silver lining is that...March 30, 2020