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Eddie MoneyFame & Fortune: Rocker Eddie Money

Windmills in past, he's a happy 'working slob'

When you think about stories of rock and roll excess, singer Eddie Money may not be the first name that comes to mind, but he just as well could be. Money ignited his hit-making career in 1977 with "Baby Hold On" and "Two Tickets to Paradise," the first of his 20-plus songs that wound up in the Top 100 over the next decade and a half. But along the way, Money experienced all the pain and loss of rock 'n' roll excess. A drug overdose in the early 1980s led to a year's hospitalization, and his bout with alcoholism continued well into the new century.

Currently clean and artistically active, Money has just released a new collection of classic 1960s cover songs called "Wanna Go Back," and continues an active touring schedule of more than 100 live dates per year.

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Bankrate spoke with Money about some of the tumultuous times he's experienced in the music biz and how he's managed to earn, lose and earn again more money than most people see in a lifetime.

Bankrate: Why a covers record?

Eddie Money: After a while, your fans grow older with you. The world of making records has gone through a million changes, so I just wanted to make a record that would be fun and do the songs I cut my teeth on. These are songs I did with a band called The Grapes of Wrath back in high school, back when you played the spring dance and did the battle of the bands, and everybody would try to win the prom. I used to do shows with Billy Joel back in the 1960s; we did a battle of the bands together and both lost to a group called The Rich Kids. I just decided to make a record like those.

Bankrate: Your first hit was in 1977 with your debut album, which had two hit singles, and made the top 40. What effect did this have on your life at the time?

Eddie Money: I worked for J.C. Penney as a receiving clerk, then I worked on Telegraph Avenue during the Berkeley riots, which was very exciting, I was a bell bottom salesman on Telegraph Avenue with the shotguns with the salt pellets, driving my 10-speed around Dan Rather. It was great. Then I got a record deal with Bill Graham off a cassette tape. Next thing I know, Bill signs me, and I'm doing "Saturday Night Live," opening for the Rolling Stones, playing with The Who, doing Midnight Special with Wolfman Jack. It was great, a lot of fun. Of course, I also got really stupid. You get really big and you think you're invincible, just like me with the drug overdose. The most miserable part of my life. I couldn't walk for a year. I took Phenitol, which is a barbiturate, and I was drinking like crazy. I went into a semi-catatonic state and fell asleep on my sciatic nerve. My life became miserable. But then I came back with the "No Control" album, which was all about the overdose, and next thing I knew I had "Shakin'" and "Take Me Home Tonight." I was back on the charts.

Bankrate: What year was the overdose?

Eddie Money: I think that was 1981.

Bankrate: When you had your first hits, did they make you instantly rich?

 
 
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