Tori Spelling money problems
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Tori Spelling

She was born rich, what happened?

Tori Spelling is the daughter of the successful producer Aaron Spelling. She grew up in Beverly Hills and attended the Beverly Hills High School. It’s obvious that she was raised as a “rich kid” Her fame and money came as she was acting in Beverly Hills 90210.

 

In addition to the money she earned by herself, there was also an inheritance waiting. In 2006 her father died and he left a capital of US$ 500 million. The inheritance should be split between her mother, her brother and Tori. Somehow her  and Tori only got US$ 800.000 each. If you are brought up very wealthy and you expect a substantial part of the inheritance, you probably wouldn’t adjust your spending pattern. 

 

She was forced to pay US$220,000 to City National Bank after she and her husband Dean McDermott reneged on a 2010 loan. And in 2016, the couple got hit with a federal tax lien for over $707,000 in unpaid federal taxes for their 2014 bill. Making matters worse, they were sued by American Express that same year for nearly US$88,000. These are just a few examples of their ongoing financial woes.

 

The inheritance is one of the major money stress factors. First there are a lot of families fighting over the inheritance, who gets what or how much. Second is the moment you know what you get, how to take care of it. How to let your money grow. If you don’t let it grow, inflation and taxes will eat it bit by bit. This is also a source of frustration and stress. And before someone dies, the things people do to get into a will or stay in a will is absurd. 

 

Moneyfulness is also about letting your money work for you, instead of the other way around.