Rappers own fleets of cars, collections of chains, closets full of clothes and more, but of course these items cost money – a lot. Lil yachty opened up about his monthly expenses while stressing the importance of having more than one income stream.
During an appearance on Gillie Da Kid and social media influencer Wallo267’s A million dollars in play podcast, broadcast on Sunday March 21, Yachty explained that his monthly bills are $ 52,000.
“Each month, I received $ 52,000 in invoices”, Boat mentionned. “Monthly, you know what I’m saying? And, I have to work … Let’s say I have $ 13 million in the bank, right? If my overhead is $ 52,000 a month at because of my homes, my staff, and cars, insurance and all these things that I deal with and all these people, that $ 13 [million] will run out. Because it’s just the bills. I still love to live. I’m still a rapper. I still want to go to good dinners, take my daughter out, go see my daughter, we still want to do all of these things. “
He added, “You have to make money while you sleep. Never have just one source of income. Even if it’s six figures. Niggas could make $ 200.[,000] one show, six shows a week, but that still shouldn’t be the only bag. And I think it’s so stupid if you just leave the money in the bank account. This is stupid. Because it’s just sitting, it’s right there. It’s up to you, sure, but it doesn’t go up unless you bring it up. There are so many things you could do to double, triple that money while you sleep, while you snore, while you work for the other job. “
The conversation on Music quality control The artist’s spending stemmed from a conversation about the impact of the coronavirus pandemic on rappers and that they realized what they needed to maintain financially once the checks consistently stopped coming in .
Elsewhere in the interview, Lil yachty revealed he had a line of nail polish on the way as well as some frozen pizza.
Last month it was reported that the Atlanta native is in the process of making a heist movie based on the Uno card game. Yachty in partnership with Reese’s Puff cereals in December and received his own box of cereal. So it is obvious that he is practicing what he preaches about multiple sources of income.
Check out Lil Boat talk about his monthly bills around 1:16:16 below.
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