Well, “Financially Overleveraged” Is One Way to Put It.

financially overleveraged

I don’t usually post things like this but I just can’t help myself. It’s got me so fired up and upset! I was just taking a quick look at Facebook and saw that my friend, Moorea Seal, posted about Gwyneth Paltrow’s site Goop being completely, utterly in debt but not wanting to use THAT terrible, ugly word.

Before I get too tangent-y this is what she said:

“Actually, we don’t like to use the word ‘debt’; it’s too traumatic and sounds low-class. Instead, we use the term ‘financially overleveraged’, which means that technically the money we have is not currently present in a tangible sense, but that we know we have money and are extremely secure in a spiritual understanding of finance.” – Gwyneth Paltrow. (Goop isn’t making Enough Money and Is 1.2 Million in Debt.)

I would love to call up companies and say, very nicely, of course, that “we have the money but it’s just not in a tangible state.” I wonder how that would go down?

To say that using the word ‘debt’ or that actually HAVING DEBT is low-class is such a snotty and unfortunate thing to say. Does her quote make you as mad as it makes me!?!?!

**UPDATE: April 24, 2014

Thanks to the readers who commented and told me that they didn’t think Gwyneth Paltrow actually said the above quote. Many of you seem to think the writer of the article that I link to above was just being facetious. Guess, there’s only one way to clear this up, I need to have a one-on-one call with Gwyneth. :) Obviously, it’s hard to know for sure if  she really said it or not but I hope she didn’t and if she indeed did not say it then I guess I got duped… :/ and my apologies to Gwyn, and y’all for getting all soap-boxy.


24 thoughts on “Well, “Financially Overleveraged” Is One Way to Put It.

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  1. Revanche

    “extremely secure in a spiritual understanding of finance”

    I wonder what would happen if we tried to pay our bills with my spiritual understanding of payment. Because I’ve communed with the spirit of paying, and the higher levels of financial enlightenment, y’know.

    And yeah, calling “debt” what it is is low class? Umm… no.

  2. Abigail

    Sheesh. I can be pretentious at times, and I certainly use a lot of big words. But I’d never write like that. It just shows how completely divorced she is from the public.

    And, yeah, “low class” chafes a tad. Then again, I guess people who are willing to pay her prices probably have a similar viewpoint.

  3. Natalie

    I laughed so hard at this. I have long been a critic of Gwen. She’s such an elitist–about everything. When she and Chris Martin decided to get a divorce, they called it ‘conscious uncoupling’ instead of calling it a divorce. I guess ‘divorce’ is for the lower classes?


  4. Jane

    Like Gwen, I have no tangible money, but I am afraid my spiritual knowledge of finance is pretty limited as well.

    Maybe my daily meditation will help?


  5. Heather

    I wish you could tell companies you have money but not in the tangible sense. I’m still mastering control over (of?) my money, but even I can see how ridiculous that is!

  6. Jess

    My first thought was of course – jeez, what a disguising thing to say. But are you sure that she actually said this and isn’t a spoof quote by the person who wrote the article you link to? When you see the quote in the context of that article (and with the attribution ‘Gwyneth Paltrow to her accountant’) it kind of seems like it’s a joke by the writer maybe..? I could be wrong.

  7. Sarah

    How does she not realize that by saying that being in debt is low-class that she is putting down a lot of people? That was incredibly rude and selfish of her.

  8. Marty Monterey

    Insufferable, as always. I can only hope she “consciously uncouples” from her debt in a way that doesn’t hurt those she owes money to.

  9. Leslie

    I love your site to pieces, but you might want to check your sources before you get too fired up about that quote. The website it came from looks pretty shady, and some bloggers will make up anything to get clicks to their webpage.

    “The problem with quotes on the internet is that you never know whether or not they are genuine” ~Abraham Lincoln, 1864.

  10. Camille

    I still don’t understand why she is the Most Hated Celebrity in Hollywood when I look at her line of work and I look at her cookbook and she seems like a down-to-earth girl. I hope this is a spoof!

  11. Colleen

    Yeah, if you go to the source article, I’m pretty sure she didn’t actually say that. I think they’re satirizing the way she talked about “uncoupling” and applying it to being in debt. I even read through the financial statements they have up there and couldn’t find it.

    Not saying there’s not room for criticism, but we should be accurate about it.

  12. Michael

    It’s Gwyneth Paltrow, of course she said it.

    “I am who I am. I can’t pretend to be somebody who makes $25,000 a year.

  13. G

    Those people are so ignorant, just because you are in financial trouble or debt does not mean you are low class. look at all of these stars including Gwenyth. If debt shows how low class a person is then she is low class because she is in debt. period.

  14. Brian

    Ha! Great find!

    It just goes to show that even ridiculously rich people like Gwyneth Paltrow and still not know how to run their finances.

    I wonder if I can send a note to my mortgage company next month saying that my payment to them isn’t in a tangible form. I wonder that will do to my credit score!

    Long term brian


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