Popular Senegalese-American singer, Akon, has labelled himself as the stingiest person on the planet.
This according to him, the best way for a person to remain rich. He revealed this during his appearance on the Impulsive Podcast.
He brazenly claimed to be “the stingiest man on the planet” and asserted that being stingy is the secret to wealth preservation.
Akon emphasized the importance of financial discipline in order to remain wealthy.
He shared his own experience with having a private jet, which lasted barely six months due to excessive maintenance bills that exceeded the cost of the real jet.
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.