Meghan Markle has opened up about her feelings on money, admitting that she struggles to adopt a mindset where she can believe in the ‘promise of something more for herself’
As Meghan, Duchess of Sussex, continues to embrace her entrepreneurial journey, the proud mother-of-two has been candid about her experiences in the public eye.
From offering a peek into her daily diet on her Netflix show, to sharing heartwarming glimpses of her home life on social media, Meghan has given fans an insight into what it’s like to live as a member of the Royal family – even discussing more sensitive topics such as finance.
Despite being a successful actress in her own right and married to a Prince, Meghan is far from living hand-to-mouth. However, that doesn’t mean she hasn’t faced challenges, particularly when striving for financial independence.
In the season finale of her podcast ‘Confessions of a Female Founder’, Meghan had a conversation with Sara Blakely, the billionaire founder of shapewear brand Spanx.
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During their chat, 54 year old Blakely urged listeners to become more “self aware” and scrutinise their attitudes towards money, reports the Express.
“A lot of people don’t even realise they have not great narratives around success or around obtaining a lot of financial freedom and money for themselves,” she noted, adding that she wanted to be able to invest in herself.
The Duchess of Sussex, aged 43, expressed her views on financial independence, stating: “But that is so hard to understand because, I genuinely believe, I would love to adopt that level of a mindset where as you’re talking about even, for a lot of people, not being able to buy into the hope or the promise of something more for themselves in financial freedom.”
Meghan went on to discuss the societal pressures women face regarding money: “I think so many women, especially, we’re taught to not even talk about money, and there’s lots of guilt mentality surrounding having a lot,” she added. “And at the same time, there’s a scarcity mindset that it’s easy to attach to, of like, ‘I’ll never have enough.’ “.
Sara shared her own philosophy with Meghan: “I always tell women, in particular, I say: ‘Money is really fun to make, really fun to spend and really fun to give away.’ I think money makes you more of who you already were.”
Despite her considerable wealth, Meghan’s insights on finance may surprise some admirers, particularly considering her transformation since marrying Prince Harry in 2019. Before her Royal nuptials, Meghan was estimated to be worth around £3.7million, thanks largely to her acting career, including her role in the first seven series of the TV show Suits.
However, following their decision to step back from Royal duties in 2020, Meghan and Harry announced their intention to “work to become financially independent,” seeking greater autonomy over their lives, a journey not without its challenges.
During a candid conversation with Oprah Winfrey one year following their relocation to the US, Prince Harry disclosed that he had been “literally cut me off financially” by the Royal family after they stepped back from Royal duties, expressing gratitude for the inheritance from his late mother Princess Diana, which made their move possible.
“Without that, we wouldn’t have been able to do this,” he remarked, alluding to their 2020 shift to Montecito, California. Since their transatlantic switch, both the Duke and Duchess have inked profitable contracts with Netflix and Spotify alongside unveiling an explosive memoir, although Harry confessed the commercial ventures weren’t initially in their blueprint.
“From my perspective, all I needed was enough money to be able to pay for security to keep my family safe,” he shared with Winfrey.
