John Travolta: 'I Know Where Every Cent I've Ever Spent Has Gone' The well-known actor discusses philanthropy, success and the importance of being fiscally responsible.

By Amy Osmond Cook Edited by Dan Bova

Opinions expressed by BIZ Experiences contributors are their own.

Jon Kopaloff | FilmMagic | Getty Images

LOS ANGELES—John Travolta is perhaps one of the most beloved actors of our time. From singing show tunes in Grease to playing a ruthless hitman in Pulp Fiction, Travolta's talent has transcended many decades as he continues to take on A-list roles in blockbuster films.

How does someone like Travolta keep his drive and stamina going after all these years? While he says there's no one real reason, he attributes a lot of his success to being persistent, charitable and fiscally responsible. I was recently able to interview Travolta on the red carpet of the City Gala, an BIZ Experiences-sponsored event that's all about BIZ Experiencesship and creating a brighter future through charity. I asked him about taking risk, his success and charitable giving.

Here's what he had to say:

BIZ Experiences: When it comes to business, what would you tell BIZ Experiencess about taking risks?
Travolta:
I don't take much risk. This is my own personal vulnerability, but it's also a strength in itself. I work hard for my money; I don't like to waste it, and I don't like to lose it. I am not a very good example of clever business ventures.

Related: Actress Halle Berry's Lessons for Succeeding-No Matter the Odds

I am a good example of conservative ones, though. Something in my DNA will not let me take the risk. I am not a gambler type. I don't get the jaunt out of it. I know where every cent I've ever spent has gone. It's hard when you're not risking things, but that's the way I like it.

BIZ Experiences: At what point in your acting career did you start to have such a passion for philanthropy?
Travolta:
It was organic. When hurricane Katrina hit, I thought, "well, why wouldn't you do that?" It's simple. It's always been a natural feeling for me to help others.

BIZ Experiences: In working with the press for your charitable interests, are there any words of advice or mistakes you would tell businesses to avoid?
Travolta:
Whatever the structure of your charity or business, make it clear exactly where the money is going so that no one can ever or will ever question it. You need to exercise a lot of integrity in displaying where these funds are going. If you are to participate in charitable giving, it should not be from the perspective of spinning the press, but from a natural, effortless, and organic origin.

BIZ Experiences: Yours is an amazingly sustained career. What are characteristics of someone who can go the distance?
Travolta:
Stick-to-it-iveness. My personal success can be attributed to a conservative sense on money, but utilizing a riskier approach with creative ideas.

You can take risks with your imagination, but I don't think it's smart to risk your money. There are really two things to consider: You are free to think up any new idea, but the bottom line is ascertaining the most valuable product for someone to have. It is imperative to define that.

Related: BIZ Experiencesship and Philanthropy to Take Center Stage at Star-Studded Gala

In my case, the valuable product would be to participate in an entertaining film that delivers to an audience at a high level. If you can define what that thing is, you have half the job done. But just going in for the money is the hardest thing to convince people of.

Amy Osmond Cook

VP, Marketing & Creative Services, Simplus; Founder, Osmond Marketing

Amy Osmond Cook, Ph.D., is the VP of marketing at Simplus, director of Simplus Creative Services, and founder of Osmond Marketing. She enjoys reading business books, playing the violin and trying new restaurants with her husband and five children. Follow her at @amyocook.

Want to be an BIZ Experiences Leadership Network contributor? Apply now to join.

Starting a Business

These Brothers Started a Business to Improve an Everyday Task. They Made Their First Products in the Garage — Now They've Raised Over $100 Million.

Coulter and Trent Lewis had an early research breakthrough that helped them solve for the right problem.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for BIZ Experiencess to pursue in 2025.

Franchise

10 No-Office-Required Businesses You Can Start for as Little as $5,000

With strong Franchise 500 rankings and investment levels starting under $5,000, these brands are ready for new owners to hit the ground running.

Franchise

Want to Own Multiple Franchise Locations? These Multi-Unit Champions Share Their Best Strategies.

Multi-unit franchise ownership is growing fast, and these strategies can help you succeed.

Business News

Nvidia's CEO Jensen Huang Says He's 'Created More Billionaires' Than Anyone Else — Adding Two More This Week

Two more Nvidia leaders have crossed the threshold into billion-dollar fortunes — and they're still clocking into work.

Starting a Business

How to Develop the Mindset for a Billion-Dollar Success, According to Raising Cane's Founder

Todd Graves was turned down by every bank in town when he started. Here, he sits down to share his mentality on success, leadership and building a billion-dollar brand.