Investment lessons from Jay-Z

Written on :

[et_pb_section fb_built="1" _builder_version="3.22.2"][et_pb_row _builder_version="3.22.2"][et_pb_column type="4_4" _builder_version="3.22.2"][et_pb_text _builder_version="3.22.2" custom_padding="||5px|||"]

I bought every V12 engine
Wish I could take it back to the beginnin'
I coulda bought a place in Dumbo before it was Dumbo
For like 2 million
That same building today is worth 25 million
Guess how I'm feelin'? Dumbo

You wanna know what's more important than throwin' away money at a club? Credit
You ever wonder why Jewish people own all the property in America? This is how they did it
Financial freedom my only hope
livin' rich and dyin' broke
I bought some artwork for 1 million
2 years later, that s*** worth 2 million
Few years later, that s*** worth 8 million
I can't wait to give this s*** to my children

— Excerpt of lyrics from The Story of OJ by Jay-Z

 

I must admit. I'm not a Jay-Z fan. In fact, apart from the song, Forever young....I did not know any other song by Jay-Z till he became a billionaire.

Yes, It's that bad.

His recent billionaire status got me interested in him.

It got me thinking, How did he achieve this status? How did he transcend the typical hip-hop stereotype of simply clubbing, spending money on houses and parties, declaring bankruptcy (Hello 50 cents) to become a respected business man?

The excerpt from his song I shared above gave me clues.

He thinks different. He saw the mistake he made by buying V12 engines, he studied the Jewish wealth system and he also saw how the art work he purchased appreciated in value over time.

He didn't stop there. He also sought for help from established business men (Yes, he had meetings with Warren Buffet) and today, he's an established business man.

Success leaves clues.

Nobody is an overnight success, you'll find clues with how their mindset changed and how their money habits changed, how they put money to work to earn multiple streams of income and how they made it grow

This week on the millennial investor series, I share my 3 investment lessons from Jay-Z. Click on the image below to learn;

1. How to avoid investing in certain type of assets if you want exit the rat race.

2. How earning multiple streams of income is really about cash flow from businesses and not simply buying up assets

3. How Jay-Z 's decision to become the brand rather than just put a stamp of approval on multiple brands made the difference for him

Click on the image to watch this week's episode and don't forget to leave your questions or comments in the comment section.

[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section][et_pb_section fb_built="1" _builder_version="3.22.2"][et_pb_row _builder_version="3.22.2"][et_pb_column type="4_4" _builder_version="3.22.2"][et_pb_video src="https://www.youtube.com/embed/3GKK6cbsraY" image_src="https://www.tomiebalogun.com/wp-content/uploads/2019/08/OPTION-1.jpg" _builder_version="3.22.2"][/et_pb_video][/et_pb_column][/et_pb_row][/et_pb_section]