One day I was driving home from a beach run (why do a lot of my stories start out that way?). On the radio the DJ was going off about the cost of Beyonce’s baby’s first birthday party. Apparently it cost a whopping $200,000!!!
They detailed the specifics, like a diamond-encrusted Barbie doll that cost $80,000, and $95,000 for pink and white roses for the party.
I started to curse while driving in my old shitty Subaru, that that was absurd and ridiculous…but then a couple of thoughts occurred to me:
- Spending that much on a birthday party, especially for someone who will never remember a single detail, is relative to the income of both her and Jay-Z.
- If they have that much money, shouldn’t they feel somewhat obligated to spend it to keep the economy going and help businesses?
My first point is about how relative the cost of their party is to their income. I have no idea what those two bring in every year, but in one quick google search, it is estimated that Miss. Beyonce makes $140,000/day (feel free to run and grab a tissue and sob if you need to). And that’s just her! If I made that in TWO YEARS I’d be a happy camper.
Can you imagine (well actually yes I can “imagine” it thankyouverymuch)?!
Let’s just say one day in Beyonce’s life pretty much paid for her daughter’s birthday. All in all, that’s probably a much lower percentage than we may be spending for our own kid’s birthday parties, even with 99 cent store party favors, or going out to drinks to celebrate a friend’s birthday.
But just because they have the money, does that mean they should spend it?
The second point involves how their money might help the economy. You always hear how we should spend money to stimulate the economy, but my frugal ass is thinkin’, “hmph, you go right ahead with your spendy selves. I’m going to stay home and watch Netflix.”
But think of it this way: what if you were an up and coming designer, and somehow Beyonce heard about you and now she wants to give you $5000 to create a dress for her daughter. I’d say that was pretty cool! Who wouldn’t want that opportunity?
Or B’s people (because it’s not like she is reading Yelp reviews) researched and found a cake maker in a tiny hole in the wall shop in Compton, who they decided to give $30,000 to his or her business for the ultimate birthday cake.
Then there are the flower people, valets, performers, caterers, etc., who even if it’s a little, benefit from a huge birthday extravaganza. It’s not like I could afford to hire those people for a birthday party.
If Beyonce and others like her in her position didn’t spend that kind of money left and right, then would a lot of these small business suffer?
But then again, what would Warren Buffett think about a $200,000 birthday party for a 1-year-old?
And then there are those celebs who spend their millions so carelessly on stupid stuff, that they end up in ruins (I’m looking at you MC Hammer!), or use their money to abuse their power (what up Naomi Campbell! Hey put that phone down!)
What do you all think? If you made mega millions, would you spend it on extravagant things, or would you try to remain a rather conscious and frugal spender as to not “waste” on stuff that isn’t really necessary?
P.S., I’m not talking about giving away millions to charitable causes either. Something totally different.
Image courtesy of M – Pics at FreeDigitalPhotos.net