Spending

How Chrissy Teigen feels about money, and more real talk from her Twitter Q&A

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Chrissy Teigen attends 2019 Baby2Baby Gala on November 9, 2019, in Culver City, California.
Frazer Harrison | Getty Images

Model, television personality, and the unofficial "Mayor of Twitter" Chrissy Teigen took to the platform earlier this week to answer her followers' questions. Teigen has never shied away from being honest about her celebrity, and she gave candid answers to questions about her life — and her finances.

Teigen pulled back the curtain on her celebrity lifestyle to reveal how she and her husband, the singer John Legend, pay for their home, how she manages and feels about her money, and more.

Here are five financial takeaways from Teigen's latest Twitter thread.

1. She feels 'most guilty about' money

Teigen revealed that the "perk" she feels most guilty about is the amount of money she has access to.

She's not alone among high-earners who have complicated feelings about their good fortune. This month, Grow spoke to Mayim Bialik — an Emmy-nominated actress best known for her roles as neurobiologist Amy Farrah Fowler on the CBS sitcom "The Big Bang Theory" and for her breakout role in NBC's "Blossom" — who had a similar reaction to having a substantial income for the first time.

"It brings up guilt when you finally have money," Bialik told Grow. "I automatically felt like I needed to give back, partly out of guilt, and partly out of observing the world of working individuals."

Finding meaningful ways to give back is one way guilt can help you learn, relationship psychologist Lisa Marie Bobby, clinical director of Growing Self Counseling and Coaching in Boulder, Colorado, told Grow earlier this year: "Many times, seeking to understand feelings of healthy guilt can give you more clarity about your values, your goals, and help you develop into the person you aspire to be."

2. She hasn't paid off her home

Teigen revealed that she and Legend did not pay for their home in one lump sum. They make monthly payments on their Beverly Hills mansion, which they purchased from Rihanna in 2016 for a reported $14.1 million.

3. She pays for special airport access

If you want to ensure your privacy in a very public place, traveling will cost you more than a plane ticket and an overpriced candy bar. Teigen revealed that celebrities can pay for a special membership at Los Angeles International Airport (LAX) that grants them access to a separate terminal with their own security checkpoint, which comes at an annual price of $4,500.

Then they're driven directly to the plane, rather than waiting for their flight in the terminal and boarding with the rest of the passengers.

Without being an elite frequent flier, the closest an ordinary person might get to this kind of treatment is probably TSA Pre✓, which costs $85 for a five-year membership.

For Teigen, travel adds up in other ways, too: Any time she travels with her hair and makeup team, she said, she pays for all of their expenses, including their flights and accommodations.

4. Teigen has a wealth manager 'who handles everything'

Whether you're famous or not, time is money. For celebrities who spend their days traveling, making appearances, and attending awards shows, outsourcing is one way save time.

Teigen shared with her fans that she has an accountant who is responsible for overseeing her finances. The accountant sends Teigen a summary that includes details about how much she earned and how much she spent.

Even if, like many people, you don't have a professional to do this for you, tracking your spending is a great way to stay on top of your finances.

5. She resells clothes online

Fans were dying to know what happens to the red carpet dresses Teigen wears to her A-list events, even speculating that every room in her home was filled with designer gowns. Teigen shared that she donates most items and resells the rest on TheRealReal, a site for secondhand luxury goods.

Sellers on TheRealReal can earn up to 85% commission on sales, but Teigen says she donates her earnings from the site to charity.

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