6 Money Lessons I learned from Kandi Burruss

After watching Part 4 of Bravo’s Real Housewives of Atlanta Reunion I decided to share some words to live by from Kandi Burruss. In addition to the show, Kandi is a successful entrepreneur and songwriter who has a net worth of 35 million dollars.

Manage your credit

Credit is not free money. Whatever you spend on credit you must pay back…. with interest. If you don’t pay it back, it makes things more expensive and keeps you from making big purchases in the future.

Live below your means

Just because you can afford a $1000 a month apartment doesn’t mean you have to rent it. Find a $700 a month apartment and save the extra $300. $300 x 12 months = $3600. That’s almost 4 thousand dollars in your savings account.

Live for the time that you don’t see coming

When you get some extra cash or your tax refund don’t spend it all. Put a little back for that unexpected car repair or a trip out of town to see a family member that may not be doing well.

The Real Housewives of Atlanta - Season 5

Learn to make money off the money that you have

Invest in yourself. Take a class to increase your skills or start a small business on the side. Spend some extra money now on something that can make you more money later.

Don’t keep up with the Joneses

Buying things to impress people that you don’t like and most likely don’t like you is crazy. Just because you see people with nice things you have no idea what they had to do to get those things or any idea what they are going through to keep them.

Own something

If you have a home or car loan put a little extra money on principle to pay it off quickly. Instead of spending money on things that lose value like purses and shoes spend on things that can increase in value.

Check out the video below.

Advertisements

15 thoughts on “6 Money Lessons I learned from Kandi Burruss

  1. Speak to me Lord. I just started my 3rd business. Life lessons forced me to start a rainy day fund. I moved out my apartment and invested in a fix a upper and I’m now living rent free with money in both checking and savings.

    Liked by 1 person

  2. Enjoyed this! Loved that it gets to the point and gave great tips to not only manage money better but increase your income as well. Im always down to learn new ways to do that!

    Liked by 1 person

  3. Pingback: Black Families are making good MONEY in these cities | Educated Son

  4. These are such great tips! The one I live by the most is “live for the time you don’t see coming.” When “extra” money shows up, like a bonus at work, it’s really tempting to spend it all before it’s even gone, but that always seems to be about 2 weeks before the air conditioning goes out or the car needs repaired. 🙂 Anytime I get “extra” money, I automatically put half of it in savings just in case I need it down the road.

    Liked by 1 person

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s