Quantcast
RELATED
Tiffany Haddish Shares The Best Financial Advice She's Ever Received
Tiffany Haddish

Tiffany Haddish Shares The Best Financial Advice She's Ever Received

Tiffany Haddish has never shied away from sharing her truth with the world. From her upbringing as a foster child to her love life with rapper Common, the comedian always lays it all out on the table. So, when it comes to her finances, why would it be any different? The Girls Trip breakout star recently spoke with Business Insider about building wealth, budgeting and how she was able to pay down debt.


Going in and out of foster care and experiencing homelessness, Tiffany wasn't always financially secure and she eventually fell into the trap that millions of Americans have: credit card debt. In 2020, CNBC reported that almost half of Americans have credit card debt. That's 120 million people. Many people fall victim to credit card debt due to the lack of financial literacy, something that Tiffany relates to.

"Getting a credit card and not knowing how credit cards work, buying stuff I couldn't afford and not having enough money to pay it back, thinking overdraft protection was like they're looking out for me—that's bad moves," she said.

The comedian urges people not to "spend more than what you've got," stating that she learned "the hard way."

Now that she's a successful comedian and actress, The Last Black Unicorn author has been working to clean up her finances. While doing so, she received a piece of advice that helped her get on the right track.

"If you spend money, write it down. Every time you spend some money, write it down. And then you'll be like, 'Oh, wait.'

"You'll be more conservative. When I received that advice from someone older, they were like, 'Every time you spend money for the next three days or the next week, just write it down, and then you'll see how much money you spend. Then you can start re-budgeting.' It helps a lot."

With her newfound knowledge, the Night School actress has teamed up with mobile banking company Chime and media company ATTN to co-produce Hotline Cha-Ching, a video series that focuses on financial literacy for the younger generation. She hopes to teach the up and coming generation how to grow and save their money.

"I wish I would have known that you could use other people's money and both of you grow in the process, like when you make investments and stuff," she said during the Insider interview. "I wish I would have known that no matter how old you are, you can buy a house."

Tiffany isn't playing games when it comes to investing and building generational wealth. During her appearance on the SmartLess podcast, the Nobody's Fool star revealed that if she were to get engaged to boyfriend Common, she wants him to propose with "the deed to a duplex or a 36-plex" instead of a ring "because a marriage is a union of two businesses, and the whole point of coming together is to grow yourselves, but also grow a family and make sure they have something to inherit."


She continued, "So this ring, they can inherit the ring, but what's that, $2,000, $3,000? Maybe $10,000? What is that? But if you get an apartment building that will increase in value, the children will always be able to go to school, we'll always have something. If we get sick or something, we'll have something to cash out and be able to take care of ourselves."

Featured image by Stefania D'Alessandro/Getty Images

 

RELATED

 
ALSO ON XONECOLE
5 Things To Tap Into For 'UnPrisoned' Season 2

This article is sponsored by Hulu.

UnPrisonedhas returned for its highly anticipated second season, delving deeper into the complex dynamics of the Alexander family.

The series premiere comes a year after its debut season garnered rave reviews from fans and critics and earned record-breaking ratings for Hulu's Onyx Collective brand. UnPrisoned's success can be attributed to its raw, relatable themes and comedic appeal.

KEEP READINGShow less
'Love Island USA' Star JaNa Craig On The Reality Of Black Women On Dating Shows

Love Island USA just wrapped up its sixth season, and it has been the talk of the town. According to Nielsen, it's the No. 1 show on streaming, proving it's just as entertaining as the UK version. One of the reasons this season has been successful is due to the authentic relationships formed between the islanders in the villa.

You have the sisterhood between Serena Page, JaNa Craig, and Leah Kateb, aka PPG, and the real relationship moments between couples like Serena Page and Kordell Beckham, who were named the winners of this season. The other finalists include Leah Kateb and Miguel Harichi, Nicole Jacky and Kendall Washington, and JaNa Craig and Kenny Rodriguez.

While JaNa made it to the finale with her boo Kenny, her journey in the villa was far from perfect. Viewers saw the Las Vegas native get her heart stomped on a few times after many of her connections didn't work out.

At one point, it even looked like she was getting kicked off the island. While she had a lot of support from people watching the show, it was clear that she was in a position that many Black women on reality dating shows find themselves in: not being desired.

KEEP READINGShow less
LATEST POSTS