AFRICANGLOBE – If we want to be rich, some of us will have to stop trying to be hip, former billionaire Robert Johnson has suggested.
In an interview with the Rinkins Report , Robert L. Johnson, who founded Black Entertainment Television (BET), said: “I encourage everyone to save more and eliminate all unnecessary spending. Don’t buy things you don’t really need just because you think that’s the way to be hip, cool or be with the “in” crowd.”
For some of us, this is a battle as we pop open our purses or our wallets, spending our hard earned money on anything ranging from celebrity fashion to comfort food – sometimes without seriously thinking about the impact of what we buy.
WISE WORDS: Founder Of BET Robert L. Johnson
Well, Johnson wants us to change that. In the report, published on Eurweb.com , he added: “The real thing is saving and investing in your future and saving for your kids’ future.
“You don’t have to have a lot of money to start with. Just put aside a $100, $50 or even $10 a week and invest it. It will grow. Also, build funds for emergencies and avoid payday lenders.”
The Rinkins Report is a website that breaks down financial information so it is easier for the public to understand.
By: Trudy Simpson
7 AM Documentary – THEBLACKCHANNEL.NET