It is not a secret that some people in this world have a lot more money than they can possibly ever spend, and hearing about their lavish lifestyle makes all of us aspire to become a millionaire. But earning that much money is only the first step towards becoming rich, as that money can easily go away much faster than it came in, and nobody knows about this better than T-Pain.
While giving an interview on the hit radio show called The Breakfast Club, Pain, who is now 33 years of age, discussed the way he had experienced a time of extreme riches and then a time when he saw all of his fortunes fade away, leaving him almost broke.
The rapper had come on the show to talk about his latest single called Girlfriend, and during the interview, the conversation redirected to the way Pain had learned money-managing skills especially within the music industry.
Experiencing Both Extremes
According to Pain, he has seen both the extremes as far as his financial situation is concerned, having experienced ultimate riches to having nothing in the bank.
Now, he is back to being rich, however since he has learned the valuable lesson of managing money properly and the importance of having financial stability in life, Pain has become much more responsible with his spending habits.
During the interview, Pain revealed that the true causes of his financial distress were the fact that he had made some very terrible investments combined with wasteful spending patterns.
There was a time when Pain was worth a massive $40 million, but he lost all of it and was very close to losing out on his Atlanta home which is worth a staggering $6 million as well.
In fact, according to Pain, his financial situation deteriorated to such an extreme that he finally had to ask other people in his circle to lend him some cash so that he could get food from a fast-food chain for his kids. Thankfully, now he is no longer under such financial turmoil and fortunately has recovered from that stressful time.
But how did he do it? Well, according to Pain, when he came face to face with the prospect of not having anything to his name, he began to understand the importance of having money. Also, he became more conscious of all that he has achieved in his life, especially those things which brought in a lot of money as he now wanted to prioritize them in the future to ensure stability for his finances.
For Pain, his family comes first, which includes Amber Najm, who is his wife, and also three children, with the eldest one being 15 years of age and the youngest being 10 years old. Now, regaining his $40 million fortune is not the goal for Pain, as he is prioritizing his family. Back then, although he was extremely rich, Pain did not have any time for his family. Now, he does, and that’s all that matters to him.