DJ Khaled protege Ace Hood gives us a look into how to save money and how he learned from his past financial mistakes.
He’s admitting he used splurge his money on Gucci clothing, Hood said he has now become a big saver. Last July, Ace Hood admitted a low point in his life was due to financial instability.
“Now, if I make $100,000 per month, I save at least $60,000,” Ace Hood explained to SOHH.com. “You definitely have to save for rainy days. You never know. It could rain, but then again it might storm. Hail might come. Maybe a tornado.”
Another lesson: Don’t be afraid to ask advice. Ace Hood listens carefully to fellow Miami-based hip-hop veterans DJ Khaled and Rick Ross. Though Ross, a frequent member of FORBES’s Hip-Hop Cash Kings list, has been know to brag about “blowin’ money fast,” he and Khaled have told Ace Hood simply, “Make sure to save.” Ace Hood also says he learned not to overspend on significant others. In 2008, he’d give his then-girlfriend as much as $800 every few days to fund extravagant shopping trips. No more. (Forbes)
Read the rest of Ace Hood’s “Hustlin Blueprint” from SOHH.com
