However, compelling storytelling isn’t the only skill the former child star has gained since then. Indeed, he admitted that his early career was filled with “a lot of trial and error” when it came to managing his money, which is why he is partnering with Accredited Debt Relief.

“I kind of had to make it up as I went along,” he shared, “which is why it appealed to me to team up with Accredited Debt Relief. Having an expert help you, particularly when you need it, is a great thing.”

And Lowe appreciates that Accredited Debt Relief—an organization that aims to help individuals reduce and streamline their debt payments so they can focus on the important aspects of life—offers financial mentorship, which is what he has provided to his and wife Sheryl Berkoff’s sons Matthew Edward, 32, and John Owen, 30.

“The first thing I taught them was to be entrepreneurial,” he said. “I love thinking back on the lemonade stands and the car washes and how to make money, and then what to do with it—like take X amount and squirrel it away.”

He added, “It’s an ongoing conversation that everybody has with their kids, and I loved doing it.”

Ahead of Lowe teaming back up with his St. Elmo’s Fire castmates for a sequel, read on to look back at him through the years.