Even after Saweetie signed her first file deal, she didn’t blow her then-newfound earnings.
“I used to be actually frugal with my cash at first, and there was a very lengthy time frame the place I used to be simply working my ass off,” Saweetie, 32, mentioned on the Wednesday, July 9, episode of the “Networth & Chill” podcast. “For some cause, I had known as to ask my accountant how a lot cash I had made. I had a lot cash, and I used to be like, ‘The place the hell did I get all this cash from?’”
The rap star added, “It’s as a result of I wasn’t splurging on all the pieces, however sadly, after that, I began splurging. I ought to have by no means made that decision, however as a result of I used to be residing under my means and I wasn’t actually paying consideration how a lot I used to be simply making, I used to be simply grinding after which, after that, it was like a shark that smells some blood.”
Saweetie (born Diamonté Harper) additional admitted that splurging on extravagant luxurious gadgets was “one of many worst errors” she made financially. In keeping with Saweetie, she paid off her scholar loans from her four-year College of Southern California undergraduate tuition, purchased a brand new G Wagon SUV and new designer garments and purses. She additionally lent cash to shut family and friends.
Saweetie’s debut album has been considerably delayed, however not as a result of she doesn’t care about making music. “Every thing now simply seems like, ‘Make it go viral, go viral, go viral.’ OK, cool, go viral. But when your solely intention is numbers, what in regards to the artwork or the rationale why we’re right here in the present day?” mentioned Saweetie, 30, in […]
“If somebody near me wanted some cash, I’d give them a lump sum,” she recalled. “I used to be very beneficiant with my cash, and I don’t advocate that. While you give somebody a big lump sum, they count on it to be that straightforward each time. So, I began creating boundaries as a result of some folks thought that cash was simply rising off of bushes. I used to be like, ‘No, I’m working my ass off.’”
Along with incomes earnings from her thriving music profession, Saweetie has additionally discovered monetary success through varied social media model offers and after launching a number of firms of her personal.
Gareth Cattermole – MTV/Getty Photographs Saweetie is a Grammy-nominated rapper who’s had platinum-selling, chart-toppping hits, however her signature look — three-inch acrylic nails, artistically crafted child hairs and over-the-top lashes — evokes almost as a lot on-line chatter as her music. The feedback don’t rule her. “I see folks on [social media] not liking my lashes. […]
“While you’ve made a lot cash and also you haven’t had cash earlier than, typically you’re simply so completely happy that you simply made cash [and] you don’t actually plan your cash,” Saweetie added. “For me, so long as I’ve sufficient to pay my payments, do that and do this, I’m good. I’m at a degree in my life the place I’ve made the improper choices with cash [before].”
After mishandling her funds, Saweetie opted to rent an exterior workforce to assist “handle [her] cash.”
“Now, I’m pondering totally different,” she mentioned. “A cash purpose is to have passive earnings within the hundreds of thousands.”