smart spending

Kenny Loggins: 'I'm alright' being frugal

Kenny Loggins spent the 1980s as the go-to guy for memorable movie songs, fueled largely, he says, by luck. The producers of "Top Gun," which came out in a special 25 th anniversary Blu-ray edition in late August, only asked Loggins to sing the film's signature song, "Danger Zone," when Bryan Adams and Toto fell through. And he only wrote and recorded "Footloose" as a favor to that film's screenwriter because, he says, "'Footloose' is not 'Gone with the Wind.'" Nowadays, Loggins tours solo and also plays with his new band, Blue Sky Riders, which will release their music without a record company because, he says, "(the record companies) just want all the money."

 
Kenny Loggins
Kenny LogginsPhoto by PR Photos
So, where do you find yourself these days -- on the rich end of the scale or struggling?

Probably in the middle right now. Or upper middle. I'm not as wealthy as people think I should be. Over the years, a couple of bad investments and rough divorces, and I'm still on the road doing what I do. I've got a couple of colleges yet to pay for -- I've got a 13-year-old and a 17-year-old -- and I'm still building a retirement fund.

Would you say you're a frugal person now?

I'm a lot more frugal now. I would love to buy another BMW someday, but right now I'm a single dad with a minivan.

 
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