Singer Akon has given advice on how to stay rich.
He gave the admonition when he appeared on the latest episode of Impaulsive podcast, saying he was “very stingy”.
The Kovict label boss said: “If you want to stay rich, stay stingy.
“I’m the stingiest guy on the planet.”
Akon also said it was not advisable for music stars and celebrities to own private jets.
He said: “I attempted to own a jet, but it only lasted six months.
“I sold that thing so fast.
“Buy some hours and use it only when necessary.
“And most of the time use it as a way of negotiating.
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“Let that be a part of your strategy to the money, but whatever you do, never own a jet.
“Owning a jet means you spend $2 million to $3 million a year just for upkeep.
“You spend more on maintenance than the actual jet cost.
“This is the advice I give everybody: the money you have now has to last you a lifetime.
“When you think about it like that, the way you manage everything will be different.”
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