Christy Carlson Romano Revealed How She Spent ‘Millions of Dollars’ in New YouTube Video Titled How I Lost All My Money, uploaded Tuesday.
Speaking about her poor financial choices in her late teens and early twenties, the actress, 37, outlined how she “blew up all her “Disney money” with “crazy purchases.”
She kicked off her 10-minute video revealing that she “started making money with Disney” at age 16, which was partially protected by the Coogan law.
Shocking: Christy Carlson Romano Revealed How She Lost ‘Millions of Dollars’ in New YouTube Video Titled How I Lost All My Money
She explained that the California Child Actor’s Bill “protects minors from their parents who spend all their money” until they are legally of age.
“That’s not exactly what happened to me, but I’ll take you on a journey into my path of financial fluency and how I made and lost millions of dollars,” Romano stated.
The mother of two continued, “I really regret not investing my money wisely. I didn’t get a house. I didn’t take any money and put it away except the Coogan money. I used that money to go to university when I was 18.’
Honest: Speaking about her poor financial choices in her late teens and early twenties, the actress, 37, outlined how she “blew up all her ‘Disney money’ with ‘crazy purchases’
Long Journey: She kicked off her 10-minute video by revealing that she “started making money with Disney” at age 16, which was partially protected by Coogan’s law
“I left the company and went to college and I took a lot of that money and used it to get out of student debt. That was smart, of course, except that I was out of school a year and a half later and then I had this money at my disposal’, she thought.
For a long time she said she was “never told how much money” and “money had no purpose” for her.
‘I didn’t know exactly what it was. I just knew I had it and I didn’t care. That’s a problem,” she admitted.
“I really regret not investing my money wisely. I didn’t get a house. I didn’t take any money and put it away except the Coogan money,” she explained
She added: “You have to teach kids the value of every dollar they make, everything they do, the energy it brings into their lives and what it takes to earn that dollar. It’s a relationship you have to do.’
At age 21, Romano said she had “decided” to split up with her family for “a year” because she didn’t like “the way that [her] money was being managed.’
‘It was a sad year for me, but also an interesting year. You know, I started to understand that I had a certain amount of money and that made me feel super confident,” she told viewers.
Wrestling: For a long time she said she was ‘never told how much money’ she made and that ‘money had no purpose’ for her
When people told her she was “not good enough,” the Cadet Kelly star said she would “feel better” and more “accepted” by “buying really big tickets.”
“I used buying things and money as a weapon,” she said. “I felt like if I could just buy certain things that I would feel better or if I just live a certain lifestyle I would be closer to that joy of feeling accepted and a lot less alone because I really I felt stupid because I didn’t know anything about my money and I’ve never really been comfortable with that. Even to this day I can’t help the fact that money came and went.’
Among her “greatest” regrets, Romano admitted to seeing a psychic who “managed to get a ton of money” from her.
Difficult decisions: At age 21, Romano said she was “decided” to split up with her family for “a year” because she didn’t like “the way that [her] money was managed’
Yikes: Of her “greatest” regret, Romano said it was a psychic who said she “got a lot of money from her,” but teased that she “will definitely talk about that another time.”
In addition, she called buying a Mercedes G-Wagon and repairing her uncle’s 1972 Corvette, who “never drove,” both “crazy purchases.”
“I mean, you think you’re living an extravagant life and then real life punches you in the face,” she said. ‘I haven’t learned how to manage my money. For example, when I was 21, I had a record deal. I had a book deal. And in that year I made about a million dollars. And that same year I published it.’
Anyway, she said, “Everything that happens to us should be a lesson from which we can grow.”
‘I wouldn’t have thought in a million years that I’d ever do something like this’ [that]’, she admitted why she did a nude scene in the movie Mirrors 2
“Maybe I’m someone who wants to open up to you so you can learn from me. But I’ll say invest that money in a way that matters,” Romano insisted.
After she lost money, she said she ‘did a lot of movies’ [she] didn’t want to,” including one with a nude scene.
‘I wouldn’t have thought in a million years that I’d ever do something like this’ [that]’, she admitted, seemingly referring to her role in Mirrors 2.
Breakout role: Romano played Ren with LaBeouf playing her brother Louis in Even Stevens, which followed their drastically different personalities, from 2001 to 2003
“I was America’s darling, morally sound in my mind,” Romano said. “I believed in the Disney magic, I still do. And then I felt so exploited and scarred and horrible.’
Though she said she’s “obviously” fine now, that decision was made because she was “desperate to feel that feeling she had when “made a lot of money and everything was fine.”
“I think the value of money and the impact it had on me just got more complicated over time and it shouldn’t be complicated. Money should be very, very simple,” she continued.
‘Not a millionaire’: She also set the record on her net worth, which she says is far from what is speculated online at $3 million (pictured in 2019)
She is 37 and has two daughters, says ‘they earn more’ and will ‘talk to them about money’.
She also set the record for her net worth, which she says is far from what is speculated online at $3 million.
“I am by no means a millionaire in any form,” she said. “I’m just a mom monetizing my channel, doing sponsored content, and enjoying my job when I can.”
Romano shares her two children Isabella, four, and Sophia, two, with husband Brendan Rooney, whom she married in 2013.