In a new interview with This Is Money, Def Leppard frontman Joe Elliott was asked if he's ever struggled to make ends meet?

"Of course," says Joe. "In 1978, we were all living with our parents, working during the day for £10 or £15 a week, and gigging at night. We had to buy guitars on credit and 'borrow' things. Sometimes, at the end of a long day, we would buy one pint and sip from four straws so we could afford the bus fare home."

Asked if he's ever been paid silly money, Joe responds: "No. Once the band became successful, there was a lot of money going through the system. It was never like winning the lottery though. It was fair and reasonable for what we, as a band, put in.

"We did not see a great deal of money until the autumn of 1983 when we got a cheque for the Pyromania album and tour. By then, even though we had sold six million records, we had a seven-year debt with the record label to clear.

"Of course, when we did get that cheque, it was the biggest I had ever seen. I cannot remember exactly how much it was for but it was more than £20,000 - the equivalent of £65,000 today. But because of our debts, we did not see any real money until 1988 when Hysteria shifted 12 million copies worldwide."

Read more at This Is Money.

Def Leppard will take their place in The Rock And Roll Hall Of Fame as part of the Class Of 2019, having secured an induction alongside The Cure, Janet Jackson, Stevie Nicks, Radiohead, Roxy Music, and The Zombies.

Def Leppard join a long list of legends to receive this coveted honour, in addition to standing shoulder-to-shoulder with the impressive Class Of 2019. With sales eclipsing 100 million albums and a reputation as one of rock’s most enduring and influential bands, this represents yet another massive milestone for the legendary British rock icons.

About the induction, Def Leppard said:

Joe Elliott: “First of all, a massive thanks to all our fans & past inductees who voted for us. Congratulations to all our fellow inductees, we stand alongside some amazing artists, past & present. What an absolute honour.”

Phil Collen: “We started 2018 off at the Royal Albert Hall and to now cap it all off with a nod into the Rock and Roll Hall of Fame is brilliant.”

Rick Savage: “Being inducted into the Rock and Roll Hall of Fame puts Def Leppard in a class of peers that we’ve always appreciated and admired. We’re looking forward to the ceremony.”

Vivian Campbell: “Coming into Def Leppard after stints with other bands, it was immediately apparent to me that Leppard had ambition far beyond most. As a fan from the early years, I'd heard that ambitionin the music, blending genres to craft the unique Leppard sound. After 26 years as the new guy, I can assure you that the work ethic and the collective focus of this band is just as strong to this day."

Rick Allen: “What an honor for Def Leppard to be included in this year’s induction with so many other talented and deserving artists.”

The Rock And Roll Hall Of Fame induction ceremony is schedule to take place on March 29th at Barclays Center in Brooklyn, New York.