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Actress Viola Davis has achieved the rare and sought-after Egot status at the 65th Annual Grammy Awards, making her the third black woman in history to have done so.
Reaching this status means that a performer has won all four major American entertainment awards: an Emmy, a Grammy, an Oscar and a Tony.
Davis won the Grammy for her performance of the audiobook for her memoir, Finding Me.
“I wrote this book to honour the six-year-old Viola, to honour her life, her joy, her everything and it’s been such a journey, I just Egot!” an emotional Davis said in her acceptance speech.
The actress also thanked “everybody who has been part of my story” and called her husband, actor Julius Tennon, and their daughter Genesis Tennon “the best chapter yet”.
Previously, Davis had won an Emmy for her performance in the Shonda Rhimes TV series How To Get Away with Murder in 2015 and an Academy Award for Best Supporting Actress for her performance in Fences in 2017, in which she starred alongside Denzel Washington. She won two Tony awards for her performances on the stage in King Hedley II in 2001, then again for the stage version of Fences in 2010.
In Finding Me, the actress details her life growing up in Rhode Island — where she experienced racism and bullying — and her move to New York, where she pursued her dream of performing and how she found success and fame.
In the Grammys 2023 audiobook category, Davis was nominated alongside musician Questlove for his book with Ben Greenman, Music is History; composer and actor Lin-Manuel Miranda for his recording of the New York Times bestselling young adult novel Aristotle and Dante Dive into the Waters of the World by Benjamin Alire Saenz; actor Jamie Foxx’s performance for his book Act Like You Got Some Sense; and actor Mel Brooks, also an Egot winner, for his audiobook of All About Me!.
Only 17 other performers have reached the status of Egot, and Davis is the fourth black person to do so alongside Whoopi Goldberg, Jennifer Hudson and John Legend.
Other recipients include Audrey Hepburn and Andrew Lloyd Webber.
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Tips for newlyweds to better manage finances
All couples are unique and have to create a financial blueprint that is most suitable for their relationship, says Vijay Valecha, chief investment officer at Century Financial. He offers his top five tips for couples to better manage their finances.
Discuss your assets and debts: When married, it’s important to understand each other’s personal financial situation. It’s necessary to know upfront what each party brings to the table, as debts and assets affect spending habits and joint loan qualifications. Discussing all aspects of their finances as a couple prevents anyone from being blindsided later.
Decide on the financial/saving goals: Spouses should independently list their top goals and share their lists with one another to shape a joint plan. Writing down clear goals will help them determine how much to save each month, how much to put aside for short-term goals, and how they will reach their long-term financial goals.
Set a budget: A budget can keep the couple be mindful of their income and expenses. With a monthly budget, couples will know exactly how much they can spend in a category each month, how much they have to work with and what spending areas need to be evaluated.
Decide who manages what: When it comes to handling finances, it’s a good idea to decide who manages what. For example, one person might take on the day-to-day bills, while the other tackles long-term investments and retirement plans.
Money date nights: Talking about money should be a healthy, ongoing conversation and couples should not wait for something to go wrong. They should set time aside every month to talk about future financial decisions and see the progress they’ve made together towards accomplishing their goals.
Generational responses to the pandemic
Devesh Mamtani from Century Financial believes the cash-hoarding tendency of each generation is influenced by what stage of the employment cycle they are in. He offers the following insights:
Baby boomers (those born before 1964): Owing to market uncertainty and the need to survive amid competition, many in this generation are looking for options to hoard more cash and increase their overall savings/investments towards risk-free assets.
Generation X (born between 1965 and 1980): Gen X is currently in its prime working years. With their personal and family finances taking a hit, Generation X is looking at multiple options, including taking out short-term loan facilities with competitive interest rates instead of dipping into their savings account.
Millennials (born between 1981 and 1996): This market situation is giving them a valuable lesson about investing early. Many millennials who had previously not saved or invested are looking to start doing so now.
