Senegalese-American singer Akon has offered financial advice to affluent individuals looking to preserve their wealth. Akon suggested that anyone wishing to uphold their prosperous financial and social standing should embrace the virtue of frugality.
He shared that adhering to this principle has enabled him to remain wealthy, and he humorously referred to himself as “the stingiest man on the planet”.
He asserted that has to be stingy to maintain his wealthy status.
According to Akon: “If you want to stay rich, stay stingy. I’m the stingiest man on the planet.”
He also advised colleagues and fans resist the temptation of owning a private jet if they want to “stay rich.”
He said, “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. 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.”
See Video below:
