Daily Archives: September 6, 2015

5 Money Lessons You Can Learn From 50 Cent’s Bankruptcy

50bankruptcy

Timothy Sykes is is an entrepreneur and a penny stock expert, trader and advocate. He has been featured on CNN, Fox News, CNBC and more and has spoken at prestigious institutions such as Harvard University. He prepare 5 Money Lessons, which we can learn From 50 Cent's Bankruptcy.

1. Make sure to save.

If and when you start making a lot of money, make sure that you are making smart decisions with the income you are using. It can be tempting to make lots of big ticket purchases, but you need to put some of that money away for a rainy day. One of 50 Cent’s biggest mistakes is that he immediately started spending money on cars, jewelry and an entourage without ever putting savings away for an emergency. If he would have saved for a rainy day, things may have turned out much differently for the rapper.