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Hollywood

Matt Damon and Ben Affleck blew their ‘Good Will Hunting’ money in no time

Matt Damon and Ben Affleck weren’t very good with money during the early part of their careers.

Update:
Matt Damon and Ben Affleck weren’t very good with money during the early part of their careers.
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Matt Damon and longtime friend Ben Affleck are two of the biggest names in Hollywood, with the duo becoming household names thanks to their 1997 hit, ‘Good Will Hunting’.

The pair wrote the film, which also starred Robin Williams, Stellan Skarsgård and Minnie Driver, that went on to win Best Supporting Actor for Williams and Best Original Screenplay.

Before making it big the two shared a bank account, and Affleck talked about what that was like during a recent appearance on ‘The Drew Barrymore Show’.

The pair received $600,000 after selling the script for ‘Good Will Hunting’, with Affleck admitting the duo thought they would never have to work again, which resulted in some reckless spending.

Affleck and Damon blew the money in six months

Affleck says it wasn’t long until the two maxed out their savings account.

“When we sold ‘Good Will Hunting’ I was like, ‘We are now rich for life. My needs are over. I will never have to work again,’” said Affleck.

“We sold it for $600,000, we split that, $300,000 each, and then the agents got $30,000 so we had $270,000 and we paid about $160,000 in taxes so we had $110,000, each bought $55,000 Jeep Cherokees and then had $55,000 left.

“Naturally we decided to rent a $5,000-a-month party house on Glencoe Way by the Hollywood Bowl and we were broke in six months.”

Affleck added that he never thought anything of sharing an account of Damon, stating that the two just wanted to do what they could to support one another.

“I always thought it was perfectly normal,” said Affleck. “We would work a little bit. We would do extra work, or a line here and there — the occasional Burger King commercial — and then take that money and put it in the account.

“We were friends and we wanted each other to succeed and we love each other, so it seemed clear like, ‘Let’s do this together,’ and in retrospect, really valuable because I think kind of starting out in a field like that can feel very lonely.”

Affleck and Damon did what they could to help one another

It isn’t the first time Affleck has spoken about the connection he and Damon have.

During a recent appearance on ‘The Bill Simmons Podcast’, Affleck explained that the two had a shared bank account because they wanted to do everything they could to support one another’s dream.

“As long as one of us had money, we knew the power wasn’t going to get shut off,” said Affleck.

“I remember after doing ‘Geronimo,’ f***, I probably had 35 grand in my checking account and I was like we’re good,” Damon said. “We’re good for a year.”

“We needed the money for auditions, for trips to New York. You were allowed to go to New York with the money.

“You were allowed to take out $10 and get quarters and go to the arcade and play video games. Eventually, we were allowed to try to buy beer, which never fucking worked.”