Kim Kardashian

Reasons Kanye West Should Not Receive Help With His $53 Million Debt

February 16, 2016 By Amanda Blankenship 2 Comments

You may have been watching the Grammy’s last night and you may have even caught Kanye West’s call for help during the post-Grammy happenings. West, who is expecting his second child with Kim Kardashian, opened up about his debt and openly asked Mark Zuckerberg for a loan.

West sent out a tweet talking about his $53 million debt. Then, he tweeted at Mark Zuckerberg, asking him for $1 billion. He said that it would be an investment by Zuckerberg into “Kanye West ideas.”

Kanye, who has seemingly had a sense of entitlement in Hollywood for years, just straight out asked Mark Zuckerberg for $1 billion of his fortune that he has gained through his own invention, Facebook. There are a few reasons why Zuckerberg shouldn’t (and probably won’t) invest any money towards West.

You Shouldn’t Invest in an Individual

This is like putting all of your eggs in the same basket. When you’re talking investments, you should never put all of your money on one stock. The same goes for Zuckerberg and West. Single stocks (West) usually lure investors in with their game-changing ideas. Building any kind of portfolio on individuals (or individual stock) is way too costly, not to mention, if the individual fails so does your money.

What About Kim?

Kanye West himself has a net worth of $145 million. His wife, Kim Kardashian-West, is worth $88 million. How is he $53 million in debt? Not to mention the lavish lifestyle the live with the newest of clothes, their vacations and name brand everything. Of course, they have baby North West and child number two on the way, but their assets alone are worth far more than his seemingly puny $53 million debt.

He Tweeted Him

Mark Zuckerberg, founder of FACEBOOK, was tweeted being asked for money. There are a few things wrong with this (we’ll get to the actual tweets later). But, what a slap in the face! West didn’t even use Zuckerberg’s own website to give him a handout shoutout. What is that about?

The Tweets

His first tweet said, “I write this to you my brothers while still 53 million dollars in personal debt… Please pray we overcome… This is my true heart…” Then, he goes on to ask Zuckerberg for help. “Mark Zuckerberg invest 1 billion dollars into Kanye West ideas…after realizing he is the greatest living artist and greatest artist of all time.” Well, way to be humble and a jerk at the same time. How does someone ask for help and call himself the “greatest artist of all time” in the same conversation?

He Can’t Be In That Much Debt

When it boils down to it, West just probably isn’t in that much debt and if he was, he could pay it down if he really tried. He just released “The Life of Pablo,” his new album. There are no numbers on it yet, but West’s albums usually do pretty well. He’s also recently debuted another season in his fashion line. He also has a collaboration with Adidas that is worth about $10 million. Let’s not forget about his $20 million mansion either.

What do you think? Does West need a handout?

Photo: Flickr: Pieter-Jannick Dijkstra

Money Lessons to Learn From Kim Kardashian

January 28, 2016 By Amanda Blankenship 1 Comment

It seems as though Kim Kardashian is in the spotlight all of the time. However, it isn’t always for something good. Either way, there are a few lessons to be taken from a woman who made herself a millionaire from practically nothing. The woman with millions of social media followers may be a person to take notes from where money is concerned.

Invest in What You Know

If Kim K has taught anyone anything about money, it is to invest in what you know. Kim’s biggest investment has been in herself. She is kind of self-centered, but it works for her. Her first large investment on herself was the beginning of the reality show “Keeping Up With the Kardashians.” The reality show has led to a few spinoffs since then.

The success of a single show led to her own perfume and clothing lines. It also led to marketing deals with companies like Sketchers, Midori Liquor and Glu Mobile. These things alone have increased her net worth to tens of millions of dollars.

Obviously, not everyone can be an A-List member of the Kardashian family. However, everyone can take a few notes when it comes to investments and Kim K. The major lesson to take away is that if you are going to invest in something, make sure it is something you know. Whether it be stock in retail or technology (or whatever you know a bit about), you should put money in things you are familiar with.

Pay Attention to the Trends

If there is anything Kim K does really well it is pay attention to what is hot and what is not. When something is “up and coming,” Kim is paying attention. If she thinks that it would be a good idea to put her money into it, she does. This includes everything from reality television to her deal with Glu Mobile to her book deals.

Pay Yourself First

Another slightly enviable thing about Kim K’s finances is that she has dividends that continue to pay out. Of course, she married rapper Kanye West, which was a good move. However, she has invested her time, money and efforts into things that will continue to pay her over time. She will continue to be paid royalties on things like her apps, perfume, clothing and even her book deals for years to come.

Of course, not all of us are launching our own clothing and perfume lines, but there is a lesson to learn from Kardashian’s dividends. That lesson is, when you can, you should invest in companies that pay dividends to its shareholders. Companies like Apple pay their shareholders a dividend each quarter. These small payments can go a long way when it comes to securing a financial future for yourself.

Make the Decision Now

Kim Kardashian isn’t a woman who puts off any of her financial decisions until the next day. If she needs to take care of something, she takes care of it. How many times have you said that you’ve been thinking about starting a savings account or even a retirement account? Have you done it yet? Wouldn’t it better suite you if you did it now? When Kim K makes a decision on an investment, she makes the decision and she does something. She doesn’t wait for tomorrow.

Photo: Flickr: Eva Rinaldi