Cat Marnell is a writer who used to write overshare-y pieces about her life of partying, drugs, and sex for XoJane and Vice. She got a $500,000 book advance to write about her life, and burned through it by spending it on expensive shit and drugs.
She gave an interview about her spending habits.
-On growing up rich:
"Everyone’s always like, “Oh, she has daddy’s money.” First of all, that’s very sexist. It was always my grandmother’s money.... I stayed with her after I left my job at Lucky magazine and was on disability... [She] would just write me checks.
-On blowing through her book advance:
"When I first got my book money, I rented the sickest loft in Tribeca. It had three levels and a private entrance on Cortlandt Alley. It was enchanting. But I couldn’t afford it... I bought a bunch of nice furniture. I got one of those massive marble tables from White on White, and an Icarus Wing light, and this other Italian lamp that would change colors. I bought an embroidered pillow for $4,000."
-She owes $125,000 in back taxes:
"I said to my dad, 'Yo, I haven’t paid my taxes in several years,' and he was like, 'Oh my God!'... And he did not give me money, but he did pay for an awesome tax attorney to help me, and that was a huge gift."
"I was like, 'It’s kind of like I got a loan from the government.'"
-On traveling through Europe:
"When I first got to Europe, a couple years ago, I was like, 'Oh, this is cheaper than New York.' If I spend $100 a night for a hotel, that’s $3,000 a month, and that’s a little less than my Chinatown rent, you know?... But then I went broke so fast.... When I get low on money, I just go to a cheaper country."
-On her new TV series about her life:
"Well, I just got my first check from the TV option for my book. It’s going to be a TV series... I’m going to be co-writing and producing, and it’s going to be eight to ten episodes. I’ll get about five figures for each. ...I’m not worried about money because I know I have that coming."
Do your relatives bail you out financially? If you had $500,000+, what would you spend it on?