Tim Gunn’s big money mistakes and learning to 'make it work'

Although the legendary "Project Runway" mentor Tim Gunn needs little introduction, his story does. On the Living Not So Fabulously podcast, Gunn shared that he wasn't always the celebrity we know him to be today. Gunn was a career educator for 29 years, and he said that teaching is more of a calling than a job. He identified as a "pauper educator," with more of a focus on serving students than his own personal finances. Though noble, it left him living paycheck to paycheck. “I really did think if I lose my job, what am I going to do? Move in with my sister?” he said. Then came the ground-breaking "Project Runway." Gunn wasn’t paid for the show's first two seasons, but he loved mentoring the designers. Gunn didn’t even realize that wasn’t typical, saying that his first agent remarked, “‘These are the worst contracts I have ever seen in my entire professional career'" when reviewing Gunn's TV contracts. Learning from his financial faux pas, Gunn recommended to his students that they seek help, as Gunn received from his lawyer, “because there may be someone who says this whole thing is completely out of whack and just unsustainable.” Living Not So Fabulously dives into real money stories with activists, allies, artists, tech-gurus, and trailblazers in the LGBTQ+ community to give you tangible takeaways to tackle your wallet woes. #lgbtq #fashion #projectrunway About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. Get the latest news and data at finance.yahoo.com Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) Follow Yahoo Finance on social: X: Twitter: YahooFinance Instagram: https://www.instagram.com/yahoofinanc... TikTok: https://www.tiktok.com/@yahoofinance?... Facebook: Facebook: yahoofinance LinkedIn: LinkedIn: yahoo-finance