How J.Lo and Ben Affleck pay for their beach house

I don’t keep up with celebrity gossip, but sometimes headlines catch my eye. To view this email as a web page, [click here]() [IWT Header] J.Lo and Ben Affleck’s waterfront rental I don’t typically keep up with celebrity gossip, but sometimes headlines catch my eye. Like this article about a Miami beach mansion Jennifer Lopez and Ben Affleck were renting. The cost? $128,000 per MONTH. [Jennifer Lopez and Ben Affleck's Waterfront Miami Beach Rental Mansion] I asked on my Instagram: How do they pay for it? Do they need to make $128,000 in the month of December in order to pay for this house? Are they going to call their agent and say, “I need an extra gig this month to pay for this beach house”? No! The answer? It’s paid for by their investments. It’s effectively free. Think about this: They both make a lot of money. They invest that money, and it grows automatically — and faster and faster — thanks to compound interest. At a certain point, they can just live off their investments. This is not just true for famous people. You know who else lives off of their investments? Retired people. Yes! People like our parents are doing the same thing as J.Lo — just on a smaller scale. How does it work? - You invest money over your lifetime. - The numbers grow and compound. - Eventually you can take a little bit of that every single year to support your lifestyle. It’s easy for us to talk about celebrities like this: “Oh yeah, well of course J.Lo can do it, she’s super rich!” But famous people just do it on a bigger scale. The game is the same for regular people like you and me. In fact, many of life's biggest problems can be solved with early, consistent, long-term investing. Not flashy investing. Not advanced investing. Not risky speculation in some alternative investment. Study after study shows that the [basics, consistently applied](), outperform the flashier and more complicated tactics. Just get the basics right, then repeat. That's how you win. People would rather pay $250,000 in hidden fees to a financial advisor than pay $10,000 out of pocket to someone. Most people don’t want to know they’re being ripped off. The desire to beat everyone else drives them to make bad decisions, often costing them hundreds of thousands of dollars. Simplicity is less sexy but much, much more profitable. Hard to believe, but true. I've always promised to tell you the truth — and this is how it really works. --------------------------------------------------------------- More answers: Purchases you keep hidden A few weeks ago I asked what purchases you keep hidden from friends and family because you were scared of what they’d think. We keep getting AMAZING answers, so here are a few more: [Hidden purchases] [Hidden purchases] [Hidden purchases] So good! 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