Rita Dominic has emphasized the importance of financial management for celebrities, stating that many of them face financial difficulties towards the end of their careers due to extravagant living.
Speaking with Lexis Bill, the Nollywood star highlighted the need for actors to be prudent with their finances to avoid financial struggles in the future.
She noted that some celebrities feel compelled to overspend to maintain their public image, which is why they go broke, but she has always prioritized living within her means.
“It is expensive as well, having to support the brand or the the celerity status which is why you have to know how to spend our money.
I do not [feel pressured]. I am not one of those. I definitely don’t feel pressured. Some do, which is why they feel the need to do other things to keep up their appearance,” he stated.
Rita also advocated for African actors to receive royalties for their work on the same platform. She emphasized that while many filmmakers are dedicated to their craft, the key to improving their livelihoods lies in earning residuals, also known as royalties, in the film industry.
“It will be nice for actors in Africa to have their royalties so that way people are not struggling when they get older, which has been the challenge in the industry for some old actors.
They have been struggling financially and that shouldn’t be so. These are people who have done major films, been involved in major films and all that and then all of a sudden when they are old, they are struggling financially. Meanwhile, their films are still being played on YouTube, on all these platforms and they are even getting royalties or getting monies from them,” she said.
Rita participated as a speaker at the Women of Valour Summit in Ghana, which was organized by media personality Nana Aba Anamoah. The event also featured speeches from other notable women such as Ghanaian film producer Shirley Frimpong-Manso and South African broadcaster and actress Bonang Matheba.
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