12th September 2023 7:41:50 AM
1 min readSenegalese-American singer Akon has offered some unconventional advice on wealth.
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In his recent appearance on the Impulsive Podcast, Akon stirred controversy by suggesting that stinginess is essential for maintaining riches.
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He boldly declared himself as 'the stingiest man on the planet' and stressed the importance of financial discipline to stay wealthy.
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Akon shared a personal anecdote about his brief ownership of a private jet, which he had to sell after just six months due to the exorbitant maintenance costs surpassing the jet's purchase price. He recommended that those considering luxury purchases like private jets should opt for rentals when necessary rather than ownership."
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“Whatever you do, do not own a [private] jet. Bro, owning a jet is spending at least 2-3 million dollars a year just for upkeep [maintenance]. You spend more on the maintenance than the actual jet cost,” he said.
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Akon also encouraged people to treat their money as if it were meant to last a lifetime. He believed that adopting this mindset would profoundly influence how individuals manage their finances.
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"This is the advice I give everybody. The money that you have now has to last you a lifetime. When you reason it that way, you are going to be very prudent.” he argued
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The singer's financial guidance sparked a swift debate on social media. While some applauded his wisdom, others held differing viewpoints.
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