What can be learned from the mistakes of TV’s most-appealing surgically-modified millionaire housewives? Diversify.
Camille Grammer, Real Housewives of Beverly Hills star and soon-to-be-ex-wife of Kelsey Grammer, has fake boobs, four nannies and a life that is 100% invested in her celebrity spouse. “It’s time for me to come out of my husband’s shadow and shine,” says Camille in the show’s opening credits.
As we watch her marriage unravel, one thing is clear: For all her talk of shining, Camille didn’t diversify her investments. By her own admission, her social capital and self-respect was tied up in her husband, his achievements, and his celebrity status. He was her sole investment, and a large-cap one at that. But such single-mindedness led to a weak portfolio, and now Camile’s left with just hangers on and a reported $50 million in bailout funds. Who knows if her rent-a-husband Nick will even stick around.
Your relationship deserves the majority of your investment capital, but what else is in your portfolio? Your career or children might be other large-cap investments, your friends or muscle car rebuilding competitions your mid caps, and your gardening or photo blogging your small caps. When you and your partner are arguing in circles about how to cut household expenses, you can call a time out and spend the day searching for that spoiler your Camaro has been lacking, or you can go outside and prune some gardenias. Then you can return your spouse, refreshed and re-energized, to calmly discuss whether it’s best to cut back on organic dog food or fancy shampoo. God I love reality TV!
Photo by n_willsey at Flickr