Be stingy if you want to stay rich – Akon
Singer Akon has advised people to be frugal and not ‘blow off’ their money if they want to stay wealthy. While talking on the newest episode of the Impulsive podcast, the Kovict label president described himself as’very stingy.’
“If you want to stay rich, stay stingy,” he said. I’m the most frugal person in the earth.”
Akon also cautioned musicians and celebrities against having private jets, adding that they are more expensive to maintain.
“I tried to own a jet, but it only lasted six months because I sold it so quickly.” Buy some hours and use them only when necessary, and most of the time as a negotiation tool; make it part of your money strategy, but never own a jet.
“Owning a jet means spending two to three million dollars per year just on maintenance.” You spend more on upkeep than the real cost of the jet.
“This is the advice I give everyone: the money you have now has to last you a lifetime.” When you think about it that way, it changes the way you manage things.”
Aliaune Damala Bouga Time Puru Nacka Lu Lu Lu Badara Akon Thiam, better known as Akon is a Senegalese-American singer, record producer, and entrepreneur born April 16, 1973. He gained to notoriety in 2004 following the release of “Locked Up” (featuring Styles P), the first single off his first album Trouble (2004), followed by the second single “Lonely.”
His second album, Konvicted (2006), garnered three Grammy Award nominations for Best Contemporary R&B Album, as well as Best Rap/Sung Collaboration for “Smack That” (with Eminem) and “I Wanna Love You” (containing Snoop Dogg). Both singles reached the Billboard Hot 100’s top ten, and were followed by “Don’t Matter” and “Sorry, Blame It on Me.” The track “Right Now (Na Na Na)” from his third studio album Freedom (2008) was the album’s lead single.