Why do rappers waste money?
So the short answer is that they pretend to spend more than they actually do, they make bad financial decisions, and a lot of people are gullible enough to fall for conspicuous consumption.
Why do so many rappers go broke?
Many rappers go broke because they spend the majority of their money on things they don’t need in a futile effort to impress people they don’t know. It’s how anybody goes broke, same story all over.
Why do rappers buy so much jewelry?
Rappers wear expensive chains, often made of gold, to have an asset to fall back to. If they need money just sell a gold chain. If they are in prison, which it often happens when they get in trouble, the police can take the cash, but not the personal items, hence the chains.
Did Birdman gave Drake 500 million?
Midway through the interview, Birdman speaks out about his deal with Universal and how he split over $1 billion USD to Lil Wayne, Drake and Nicki Minaj. He shared, “When Universal gave me a bag, brother, I can honestly say I gave Wayne about $400-500 million.
What are the odds of making it as a rapper?
There’s less than one chance in a million that you’ll become successful as a rap artist. The field is saturated beyond belief.
Do rappers wear fake chains?
Expensive pieces of jewelry is not something new to the Hip Hop industry. Rappers love to spend their hard-earned money on something flashy- perhaps a gold chain. A select number of rappers have been accused of rocking fake jewelry just for a flex.
Do rappers have to pay taxes?
But rap is also filled with former stars who go completely broke. Oftentimes the expensive jewelry and transportation and mansions don’t help. Plus, there are plenty of rappers who fall seriously behind on child support. But quite a few bankruptcies could seemingly be avoided if rap school taught one simple rule: You need to pay your taxes.
Why do most rappers never make it?
Why Most Rappers Never Make It 1 Talent isn’t enough: A lot of rappers think that if they can rap good then everything will fall into their lap. 2 Only are artists: If you are wanting to be a successful rapper you can’t only be an artist. 3 $620 million in one year.
Why do dealers and rappers wear their wealth?
It is a matter of pursuing your self-interest, something everyone does. The habit then catches on and becomes part of the culture of the group, and is even exported abroad to different nations where the music and ethos are adopted. Thus is there a reason to the rhyme of why dealers, rappers, and pimps wear their wealth.
Can rap school help you avoid bankruptcy?
Plus, there are plenty of rappers who fall seriously behind on child support. But quite a few bankruptcies could seemingly be avoided if rap school taught one simple rule: You need to pay your taxes. Yes, every single year.