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  • What Jay-Z Can Teach You About Money

    Filed under: Hip-Hop News |

    jayzBy Greg B.

    Jay-Z once had a conversation with Steve Forbes about his recipes for success and some of them were straight out of an MBA class. Jay-Z also happened to do the interview with Warren Buffett, who is the 2nd richest person in the United States behind Bill Gates. Both men offered their perspective on wealth, building a business and what success meant for each man respectively. We are going to highlight a couple of the jewels Jay-Z dropped during the interview.

    Jay explained two pieces of advice that he regarded as important factors in his success.

    The first tenet was “don’t get caught up in the moment, Jay explained it’s the discipline not to get caught up in the moment. You know, music is like stocks, too. There’s the hot thing of the moment… People tend to make emotional decisions based on that. They don’t stick with what they know… this is who I am. This is what I do.

    The second factor he outlined was ‘finding the truth.” Warren related this factor to not being overly excited when a stock goes up or depressed when it fades down, Jay added because if you don’t look at the tickers, you’re really just searching for the truth within all the numbers and all the chaos. And that’s the key to being a recording artist. You’re telling your story or finding your truth at the moment.

    What Jay-Z shared was wisdom for sound business practices that he applies to the rap business as well as the other ventures that he is associated with. Clearly Jay-Z’s business sense and acumen for not only marketing, investing and music make him one to listen to in relation to the core basics on how to objectively look at business or ventures.

    You can see the whole interview here.

    Source fool.com

    __________

    Greg B., is a financial professional and native Ohioan who is the writer here. I am an avid reader, coffee connoisseur and dog lover. Follow me on Twitter @love2edify.

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