Though popping bottles and brandishing Bugattis may not be thoughtful investments, beyond sonic displays of reckless spending hip-hop can be a surprising source of sound financial advice.
Among the most fruitful verses is Hip-Hop Cash King Kendrick Lamar’s on the otherwise-unmemorable “YOLO.” Amid other recommendations, Lamar advises low risk investments, saving in a 401(k), purchasing real estate, loaning only what you can and buying rather than renting. (According to FORBES estimates, the 26-year-old Compton native pulled in around $9 million over the last 12 months.)
To coincide with the release of Forbes' 2014 Investment Guide, here are a few tips re-imagined through hip-hop lyrics.
"Floss a little; invest up in a mutual fund." (Busta Rhymes, “Dangerous”)
Rhymes may be talking about bragging, but the American Dental Association recommends flossing daily. Forbes' 2014 Investment Guide suggests diversifying your portfolio by spreading wealth in at least three mutual funds.
"Men lie, women lie, numbers don’t.” (Jay Z, "Reminder")
Don't rely on a partner to manage your finances. Check bank statements for yourself, and maintain at least some separate accounts from your spouse.
"Get your money right, be an international player.” (Dr. Dre, “Get Your Money Right")
Invest internationally. Forbes' 2014 Investment Guide recommends using ETFs to keep the cost of diversifying internationally low.
Original article and pictures take www.forbes.com site
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