Keke Palmer recently recounted the financial lessons she learned from filing for bankruptcy at age 18. By that time, she had worked in the entertainment industry for about 9 years.
Palmer discussed this topic on October 12 during the Financial Empowerment Summit Building Wealth Today for Tomorrow.
This is how Keke Palmer keeps her bag organized
Today, as a 31-year-old mother still working in the entertainment industry, Keke has learned to live within her means. At the event in Chicago, the actress shared that hiring a business manager when she was 12 years old “helped… immensely,” according to AfroTech. Although the manager helped, Keke said, the employee was not the last resort, and she eventually filed for bankruptcy between the ages of 18 and 19. The situation left her “terrified.” scared”.
Ask yourself: “What’s going on?” Keke Palmer decided not to let his financial situation decline like that again. Now her safety net is not only within her means but also below her means. And the multi-talented always sticks to her boundaries, even if it means sacrificing some of the glamorous lifestyle like luxury cars and the high life.
“If I had $10,000 in the bank, my house would cost $500 a month. I mean it, because I could afford to buy something worth $2,500, but I would lose a lot,” Keke said. “You know why? Because I want to invest in my business.”
Keke added that investing in her business means material things may have to take a back seat. “Instead of wearing Gucci, I’m wearing Zara. I live in a good place. I drive a great car, because my money is going elsewhere… I have a Toyota in my driveway right now,” she said.
Angel Reese recently opened up about her financial struggles
Keke’s message came days before WNBA rookie player Angel Reese opened up about her financial struggles. Despite being a professional soccer player, the Chicago Sky player admitted this week that her salary alone does not cover her expenses. According to Reese, her rent alone is about $8,000 a month, and her endorsement deals and other forms of income are what make up for what her salary doesn’t cover. Okay.
RELATED: Angel Reese Trends After Talking About Her WNBA Salary Not Enough To Cover Her Bills (SEE)
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