The Motley Fool Discussion Boards
Retirement Discussions / Retire Early CampFIRE
|Subject: Re: From Mark Steyn||Date: 5/17/2013 8:35 PM|
|Author: bighairymike||Number: 682352 of 734800|
Put another way, does Honey Boo Boo and her mom have ANY talent? No. Are they "savvy?" No. They are just another lottery winner. - Hochizen
Wrongo there Hoch. Mama June is actually pretty shrewd. Much more on the ball than your average LIV.
Honey Boo Boo's trust fund: A smart move
Seven-year-old Alana Thompson -- you know, Honey Boo Boo -- is fortunate to have a financially savvy mom who has set up trust funds for each of her four girls and her infant granddaughter.
June Shannon told TMZ that most of the money earned from each episode of "Here Comes Honey Boo Boo" is deposited by TLC in equal portions into the accounts. The girls can't get at the money until they turn 21, unless they need it for education or have a medical emergency, TMZ says. The other daughters are 18, 15 and 12.
Considering how frugal "Mama June" seems to be -- you can't really have too much toilet paper unless you have to rent space to store it -- this makes sense. Even her makeover for the new season was reportedly done at home, not at a swanky spa. (OK, there is the child pageant pursuit, but that's what got the family its own TV show, so that worked out to their advantage.)
The family reportedly lives in a modest home on the earnings of June's husband, Mike "Sugar Bear" Thompson, a contractor.
.... more at link including a cute picture of Honey Boo Boo herself
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|