Video: Why Rapper 21 Savage No Longer Purchases Jewelry

• 21 Savage is one of the most famous rappers in today’s music industry, with 60 million monthly listeners on Spotify.
• Throughout his career, he has been able to amass a net worth of $12 million, yet he chose not to purchase jewelry anymore.
• The financial lessons that 21 Savage from not buying jewelry can also be implemented in your life.

21 Savage is one of the most famous rappers in today’s music industry. Currently, he has 60 million monthly listeners on Spotify, making him one of the highest-listened-to artists on the platform. With all the amount of money he earns from his song streams and other sources of income, it can be easy to fall into financial traps and make poor decisions. 

However, 21 Savage has realized that certain purchases are not worth their high price. By making this decision, he has saved more of his money and accumulated a net worth of $12 million.

21 Savage Career

21 Savage started rapping in 2014 and became more popular in 2017 when he released his hit single, “Bank Account.” This song amassed over 1 billion streams on Spotify alone and propelled 21 Savage to mainstream fame. Since then, he has become one of the more famous rappers, making him richer. 

Image Credit: lev radin / Shutterstock.com

Lessons Learned from Fame

Ask Where Your Money is Going

The financial literacy lesson 21 Savage learned from getting fame was to stop spending money on items that are not needed. For example, he stopped buying jewelry because these high prices were not worth it. Also, since an increasing number of rappers had begun wearing similar types of accessories, he outgrew them because they didn’t hold the same value they once did for him.

Recommended Read: 7 Ways to Reduce Your Monthly Expenses

Spend Money on Money-Generating Assets

He also learned that wealthy people do not waste their money on jewelry. Instead, they save that money for an investment opportunity so they can improve their financial status. Since 21 Savage wishes to have enough money and not go broke like many other singers, he began implementing the same strategy. 

Image Credit: Pickadook / Shutterstock.com

Recommended Read: Industries to Consider For Long-Term Investments

When the time comes, 21 Savage can use the money he saved by not buying chains and use it to improve his financial situation, and so can you. 

The Money Wrap-Up

Like 21 Savage, you can make smart money moves by being more aware of where you are spending money and eliminating unnecessary expenses. When you begin saving money, you may not notice the effects at first. Over time, the saved money can be used to invest in the stock market, which can be put into an emergency fund or retirement account. Throughout your lifetime, making consistent smart financial decisions will provide you with financial security and benefits in the long run.

Video clip credit: Vogue