‘Stay stingy to stay rich’ – Akon advises

Senegalese-American singer Akon has shared a piece of controversial advice about wealth.

According to him, people have to be stingy to stay rich.

He revealed this during his appearance on the Impulsive Podcast.

He boldly claimed to be “the stingiest man on the planet” and suggested that being stingy is the key to maintaining wealth.

Akon emphasized that in order to stay rich, one should prioritise financial discipline.

He recounted his own experience with owning a private jet, which lasted only six months due to the exorbitant maintenance costs, which exceeded the actual jet’s price.

He advised anyone contemplating owning a private jet or any other expensive property to refrain from doing so and instead rent these properties only when needed.

“Whatever you do, do not own a [private] jet. Bro, owning a jet is spending at least 2-3 million dollars a year just for upkeep [maintenance]. You spend more on the maintenance than the actual jet cost,” he said.

Akon further urged individuals to manage their money as if it had to last a lifetime.

He argued that this perspective would significantly impact the way people handle their finances.

“This is the advice I give everybody. The money that you have now has to last you a lifetime. When you reason it that way, you are going to be very prudent.” he argued.

The singer’s financial advice quickly stirred a debate on social media. While some praised his wisdom, others had differing opinions.