Surprisingly Awesome Financial Advice From Hip-Hop Stars

“Hold off on all the jewelry and the cars. Straight up.” – Yung Joc

In 2006, Yung Joc was named one of Forbes‘ 20 richest hip-hop artists, but the reason he’s so rich isn’t just because of his talent. He’s a smart spender. The rapper spoke in an interview about saving money, and how young artists in the volatile entertainment industry shouldn’t blow through their cash just because they can.

“Hold off on all the jewelry and the cars. Straight up … (the rap business is) not a 9-to-5. You go to work for 40 hours a week, you’re not going to get the same amount of money … every week because it don’t work like that,” he said.

This isn’t just sound advice for musicians, but it’s sound advice for anyone who freelances, runs their own business or works in a tip and commission-based field.