Why Rappers, Singers, Athletes & Actors GO BROKE!!! (100% Facts)
3,771 views · Published 14 December 2018 · 28:05 · Indexed 27 September 2026
Channel: Prestley Snipes · 2018 · Entertainment
Get My Audiobook FREE ► https://tinyurl.com/d9wr63j6 Get My Book on Amazon ► https://tinyurl.com/pdx3ycum Get My Audiobook on iTunes ► https://tinyurl.com/7vf94dst This video is about financial literacy and it's Based on a True Story. In this video, I give my perspective on why most rappers, singers, athletes and actors, go broke. Most creative and talented people fail at financial literacy. In college, I would get an A in English class, and a C in Math. I was personally more interested in writing and the arts. A lot of us are very creative and talented in many ways, but we'd fail doing simple accounting. In this video, I tell my story of how I squandered through millions of dollars in the matter of 1-2 years. Creating an expensive lifestyle for yourself, is the number one reason that people go bankrupt. Financial literacy is just as important as making the money itself. If you have no financial literacy, then you will fall victim to your spending and everyone around you. We always hear stories of guys from the NFL, NBA, MLB and NHL making hundreds of millions of dollars, then going broke and filing for bankruptcy. How does this happen? How do you spend $100 million dollars? If you're sitting at home, you may be wondering how this is possible. I will do my best in this video, to explain the correlation between financial illiteracy, having millions and going bankrupt. I also talk about how drug abuse, fake friends and excessive eating and spending can lead you on a downward spiral, financially. Leave your feedback in the comments below and make sure you Subscribe, Like & Share this video. Check out my book "How To Make It In The Music Business: Using Social Media Marketing To Build A Large Following", I give several tips and advice, which will help you to market and build your brand. The book will teach you how to successfully start marketing your brand online. The book covers all aspects of being successful in online branding, not just the music business. Various topics are covered such as: Starting an LLC, Getting Your Music in All Digital Music Stores, Social Media Marketing, 360 Record Deals and Contracts, Entertainment Lawyers, Split Sheets, Online Marketing, Advertising and Going Viral, Publishing, Building Successful YouTube Channels and Gaining Millions of Subscribers, Getting Major Record Deals, Starting a Record Label, Publishing Deals, Royalties, PROs, Instagram & Twitter Marketing, How To Properly Use Social Media, The Rise of Streaming Music and More! Learn how to stay relevant in the New Age Digital Music & Entertainment Business by reading this book! "How To Make It In The Music Business" Free Podcast ► http://goo.gl/ubCQEw Check out my documentary series "Life of Artist Manager" ► http://goo.gl/caQbNg Follow http://instagram.com/prestleysnipes http://twitter.com/prestleysnipes http://facebook.com/prestleysnipes http://soundcloud.com/prestleysnipes http://prestleysnipes.com #money #broke #bankrupt #success #advice #cash #prestleysnipes #financialliteracy
