Ahead of the latest season of Keeping Up with the Kardashians’ premiere, Kim Kardashian sat down and wrote an essay for Wealthsimple about life, money and her three kids. Kim is still trying to convince us that she doesn’t spoil her kids, which… I still don’t believe. At all. I’ve seen the ‘grams – North, Saint and Chicago all have full wardrobes of designer clothes. They travel the world by private jet and their family vacations involve million-dollar Airbnbs. But I do believe some of what she writes, oddly enough. Some highlights from Kim’s essay:
On gift-giving: “I worry about giving my kids too much. We don’t do gifts. They have to really earn it. But we talk about it all the time, about not getting too much and just trying to be as grounded and well-rounded as possible.”
Post-Paris robbery, she changed: “I don’t like presents anymore. I just don’t want that stuff right now. I don’t buy a lot. I used to buy myself something every birthday and just be like, ‘OK, if I work hard all year then I can treat myself to something—like a car or a pair of earrings. Something that I really wanted all year. But I’ve been getting rid of my cars. I used to really care. I loved cars. I still like them and I have a certain look, but I don’t care like I used to.”
She always worked: “I always was working. I never asked people for money. That was never really my thing. I always just figured it out.” Now, Kim is unsure if “it will be the same” for her kids. “It’s a different time. I don’t know if I’m going to do that. I’d have to discuss that with Kanye.”
She’s on a strict budget: “I don’t talk about specifics; I find that to be tacky and just inappropriate.” Rest assured, she writes, “I’m really on top of my financial situation. I do everything. I see everything, write every check—I’m on top of every last detail. I was always taught to be like that. It’s definitely helpful to have a manager or someone pay your bills so they go out on time, but I think once you start giving too much control away, you could really lose sight of what you have and what you need to do, especially if you spend a lot and have a big lifestyle.”
She knows what she spends monthly: “[I know] what it costs to run my household. It’s hard all the time to stick within a budget, for sure, but I think it’s a good guideline. And I’m the type of personality where I’m like, ‘OK, I really want to buy this, so I have to make this in order to be able to buy that for myself.’ So, I’ll make it happen.”
She’s been downsizing: “which has been making my managers happy… Kanye is a bigger shopper than me. He has big archives of stuff…”
What I believe: I believe Kim is good with money, and that she knows where her money is going, and that she doesn’t spend like a drunken sailor. I also believe that Kanye is terrible with money, and that he should just put Kim in charge of every financial decision for their family and their careers. I also believe that Kim – more than any of the other daughters – is her mother’s daughter. Kim learned a lot from her dysfunctional relationship with Lucifer’s Homegirl. And I think Kim is going to be a lot like Kris, especially with the kids.
All that being said, I enjoyed this – I wish more celebrities would talk about fiscal responsibility and how they deal with the wealth they’ve amassed.
Photos courtesy of WENN.