8 Financial Lessons From Adele

Before you go, we thought you'd like these...
Before you go close icon
Music Adele Sales
AP


By Tim Lemke

Adele is the hottest thing in music these days, as her new album 25 is setting all kinds of sales records and receiving ubiquitous radio airplay.

The British songstress has some amazing pipes, but there's some evidence that she's also pretty savvy with her funds, and can teach us a thing or two about money management. (See also: The 3 Best Pieces of Financial Wisdom From Oprah Winfrey)

We may not become multi-millionaires living in large castles in the English countryside, but following the singer's financial lead could mean extra dollars in our wallets. Here are eight financial lessons we can learn from Adele.

1. Know Your Worth



When Adele released her latest album, 25, she refused to allow it to appear on streaming services like Spotify and Apple Music. That's because she had an instinct that people would be willing to pay for the full album itself. And she was right, as it recorded 3.4 million sales in the first week alone.

2. Own What You Create



Adele is wealthy not only because she sells a lot of albums and concert tickets, but because she gets other revenue from the ownership of her music and lyrics. In fact, her company, Melted Stone, has a publishing arm that pulled in more than $7.8 million in 2014.

3. Use an Old Phone



No fancy iPhone for Adele, it seems -- at least not if her music videos are any indication. In the video to her hit single "Hello," Adele is seen talking into a flip phone. A flip phone! It's unclear from what antique store she bought the phone, but she's probably not concerned about overages on her data plan. While Adele may or may not have a more updated phone in real life, the premise is still valid -- don't buy new technologies you don't actually need.

4. Shop at Thrift Stores



British newspaper The Sun reported that Adele isn't keen on shopping at fancy stores, despite her vast wealth. She's been known to frequent thrift stores near her home in the English countryside. "Adele is like any normal girl -- she loves a bargain," a source told The Sun.

5. Dress Simply and Flexibly



There's no doubt that Adele will be pushed to set some fashion trends, but she seems most content keeping things basic, especially during performances. The singer is most often seen in simple black dresses, and even the music video for the hit song "Hello" shows her in versatile items like a checked coat, plaid shirt, and printed scarves. "Not only are Adele's vocals in the video beautifully powerful but her fashion choices are attainable," the website Mashable reported.

6. Avoid Crazy Lifestyle Inflation



Okay, so she moved into an $8.5 million mansion. That's a big step up. But Adele claims that she isn't suddenly spending extravagantly on luxury items. She told the Daily Mail that she did begin shopping at a higher-end online grocer, but only got a flat-screen television not long ago. "That's probably the biggest change, honestly," she told the newspaper. "That's about it, really. I got a plasma [television]. I used to have that big thick one up until recently."

7. Find a Good Formula and Stick With It



Adele has achieved great success by sticking with what has worked for her: singing big, powerful ballads about love and loss. She does it better than anyone else, so why mess with a good thing? This approach can be applied to investing, where it's often best to buy stocks and mutual funds that have a good track record of success and simply letting them do their thing.

8. Take Care of Your Health



People don't always think of health as a personal finance decision, but it is. It's hard to work and earn money if you are injured or ill, and ignoring seemingly minor health issues can lead to big, expensive procedures later. Adele underwent surgery on her vocal cords in 2012, and while the ordeal put her on the shelf for a while, it preserved her voice and allowed her to continue her record-breaking career.

See more of Adele through the years:

25 PHOTOS
Adele through the years
See Gallery
8 Financial Lessons From Adele
COLOGNE, GERMANY - DECEMBER 06: Adele attends the television show 2015! Menschen, Bilder, Emotionen - RTL Jahresrueckblick on December 6, 2015 in Cologne, Germany. (Photo by Sascha Steinbach/Getty Images)
MAIDSTONE, UNITED KINGDOM - MAY 11: Adele performs on the Main Stage on the second day of the Radio 1 Big Weekend at Mote Park on May 11, 2008 in Maidstone, England. (Photo by Rosie Greenway/Getty Images)
LONDON - SEPTEMBER 09: Singer Adele arrives at the Mercury Music Prize 2008 at Grosvenor House Hotel on September 9, 2008 in London, England. (Photo by Chris Jackson/Getty Images)
WASHINGTON - JANUARY 17: Musician Adele performs at the 9:30 Club on January 17, 2009 in Washington, DC. (Photo by Michael Loccisano/Getty Images)
NEW YORK - NOVEMBER 13: Adele attends the Keep a Child Alive organization's 5th annual Black Ball at The Hammerstein Ballroom on November 13, 2008 in New York City. (Photo by Rob Loud/Getty Images)
LOS ANGELES, CA - FEBRUARY 08: Singer Adele arrives at the 51st Annual Grammy Awards held at the Staples Center on February 8, 2009 in Los Angeles, California. (Photo by Larry Busacca/Getty Images)
LOS ANGELES, CA - FEBRUARY 08: Singer Adele, winner of two awards; Best Female Pop Vocal Performance for 'Chasing Pavements' and Best New Artist, poses in the press room during the 51st Annual Grammy Awards held at the Staples Center on February 8, 2009 in Los Angeles, California. (Photo by Jason Merritt/Getty Images)
NEW YORK - SEPTEMBER 17: Adele performs onstage during 2009 VH1 Divas at Brooklyn Academy of Music on September 17, 2009 in New York City. (Photo by Christopher Polk/Getty Images)
LOS ANGELES, CA - AUGUST 28: Singer Adele arrives at the 2011 MTV Video Music Awards at Nokia Theatre L.A. LIVE on August 28, 2011 in Los Angeles, California. (Photo by Jason Merritt/Getty Images)
LOS ANGELES, CA - AUGUST 28: Singer Adele performs onstage during the 2011 MTV Video Music Awards at Nokia Theatre L.A. LIVE on August 28, 2011 in Los Angeles, California. (Photo by Kevin Winter/Getty Images)
LOS ANGELES, CA - FEBRUARY 12: Singer Adele arrives at the 54th Annual GRAMMY Awards held at Staples Center on February 12, 2012 in Los Angeles, California. (Photo by Jason Merritt/Getty Images)
LOS ANGELES, CA - FEBRUARY 12: Singer Adele performs onstage at the 54th Annual GRAMMY Awards held at Staples Center on February 12, 2012 in Los Angeles, California. (Photo by Kevin Winter/Getty Images)
Musician Adele poses with her six trophies at the 54th Grammy Awards in Los Angeles, California, February 12, 2012. AFP PHOTO/ FREDERIC J. BROWN (Photo credit should read FREDERIC J. BROWN/AFP/Getty Images)
Singer Adele poses in the press room with her best original song in a motion picture award for 'Skyfall' at the Golden Globes awards ceremony in Beverly Hills on January 13, 2013. AFP PHOTO/Robyn BECK (Photo credit should read ROBYN BECK/AFP/Getty Images)
LOS ANGELES, CA - FEBRUARY 10: Singer Adele speaks onstage at the 55th Annual GRAMMY Awards at Staples Center on February 10, 2013 in Los Angeles, California. (Photo by Kevork Djansezian/Getty Images)
HOLLYWOOD, CA - FEBRUARY 24: Singer Adele, winner of the Best Original Song award for 'Skyfall,' poses in the press room during the Oscars held at Loews Hollywood Hotel on February 24, 2013 in Hollywood, California. (Photo by Jason Merritt/Getty Images)
HOLLYWOOD, CA - FEBRUARY 24: Singer Adele arrives at the Oscars at Hollywood & Highland Center on February 24, 2013 in Hollywood, California. (Photo by Jason Merritt/Getty Images)
HOLLYWOOD, CA - FEBRUARY 24: Singer Adele performs onstage during the Oscars held at the Dolby Theatre on February 24, 2013 in Hollywood, California. (Photo by Kevin Winter/Getty Images)
NEW YORK, NY - NOVEMBER 16: Adele is seen on November 16, 2015 in New York City. (Photo by Gardiner Anderson/Bauer-Griffin/GC Images)
NEW YORK, NY - NOVEMBER 20: Singer Adele is seen in Soho on November 20, 2015 in New York City. (Photo by Raymond Hall/GC Images)
SATURDAY NIGHT LIVE -- 'Matthew McConaughey' Episode 1689 -- Pictured: Musical guest Adele performs on November 21, 2015 -- (Photo by: Dana Edelson/NBC/NBCU Photo Bank via Getty Images)
THE TONIGHT SHOW STARRING JIMMY FALLON -- Episode 0373 -- Pictured: (l-r) Singer Adele plays 'Box of Lies' with host Jimmy Fallon on November 23, 2015 -- (Photo by: Douglas Gorenstein/NBC/NBCU Photo Bank via Getty Images)
THE TONIGHT SHOW STARRING JIMMY FALLON -- Episode 0374 -- Pictured: (l-r) Host Jimmy Fallon and The Roots sing with Adele during the Music Room bit on November 24, 2015 -- (Photo by: Douglas Gorenstein/NBC/NBCU Photo Bank via Getty Images)
NEW YORK, NY - NOVEMBER 24: Adele is seen on November 24, 2015 in New York City. (Photo by Gardiner Anderson/Bauer-Griffin/GC Images)
HIDE CAPTION
SHOW CAPTION
of
SEE ALL
BACK TO SLIDE
Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners