Josh Smith
If you want to learn about personal finance you can read our blog, read a book by Suze Orman or, if you prefer to have some fun, you can pick up the Biggie Smalls greatest hit album.
While you may be familiar the Notorious BIG’s lyrical flows and wordplay you may not know that laced in his rhymes is some of the best personal finance advice you’ll ever find.
With that in mind I give you five things Biggie Smalls taught me about money.
1. It Pays to Hustle - While we don’t recommend that you enter the drug trade there’s nothing wrong with hustlin’ for some extra money. Pick up a second job to earn more money instead of always looking for a “latte factor” type expense to cut.
2. Mo Money Mo Problems - Money on its own won’t solve your problems. Make sure you pay attention to how your new-found wealth is being spent so you don’t end up wasting it.
3. “No need to worry, my accountant handles that” - When it comes to areas we aren’t an expert in there’s nothing wrong with paying an expert for help. Just make sure you know enough to pick a proficient pro.
4. “Gimmie the Loot” - The next time you buy something don’t forget to tell the salesman, “Gimmie the Loot.” Don’t pull out a chrome 45, instead just ask what they can do to help you out today, and if that doesn’t work try something else. Just don’t pay retail unless you have no other choice.
5. “Remember when I used to eat sardines for dinner” - When you earn more, you can afford more, but don’t forget the habits that got you there in the first place. There’s something to be said about the millionaire next door that is still living frugally with “stacks in the bank.”
With that in mind I give you five things Biggie Smalls taught me about money.
1. It Pays to Hustle - While we don’t recommend that you enter the drug trade there’s nothing wrong with hustlin’ for some extra money. Pick up a second job to earn more money instead of always looking for a “latte factor” type expense to cut.
2. Mo Money Mo Problems - Money on its own won’t solve your problems. Make sure you pay attention to how your new-found wealth is being spent so you don’t end up wasting it.
3. “No need to worry, my accountant handles that” - When it comes to areas we aren’t an expert in there’s nothing wrong with paying an expert for help. Just make sure you know enough to pick a proficient pro.
4. “Gimmie the Loot” - The next time you buy something don’t forget to tell the salesman, “Gimmie the Loot.” Don’t pull out a chrome 45, instead just ask what they can do to help you out today, and if that doesn’t work try something else. Just don’t pay retail unless you have no other choice.
5. “Remember when I used to eat sardines for dinner” - When you earn more, you can afford more, but don’t forget the habits that got you there in the first place. There’s something to be said about the millionaire next door that is still living frugally with “stacks in the bank.”
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