I will give 50 Cent this much, at least he is open about how the economy affects him as a businessman. Most of these rappers/moguls are still talking about popping champagne in the VIP of the club and spending money on making audition tapes like we aren’t in a recession. Poor thing can’t even sell Mike Tyson’s house either….

“I lost a couple million dollars already,” the rapper told Canadian Press. “I sit with my investors and business managers and accountants looking at the numbers and I’m like, ‘Yo, the values of stocks in different areas that I invested in are decreasing!’ So I take the loss like everybody else.”  

Only a couple million dollars? Hmph!      

The rapper, whose real name is Curtis Jackson, has also been trying to sell his $18.5 million mansion for more than a year now. He purchased the home from Mike Tyson, who, himself, lost most of his money and was forced to place the house on the market.  Every day, 50 says he’s reminded of the former boxer’s fall from grace.      

“I’m waking up in a room that was previously Mike Tyson’s bedroom, a fighter who earned over $500 million in his actual career, and when I purchased his house from him he was in bankruptcy,” said 50. “If that’s not a strong enough reminder for you, I don’t know what’s going to remind you to be aware of where you are financially and make conscious decisions.” (source)

Times are HARD!!! And he definitely has a point there, we all have to be aware of our spending. We can’t do the same things that we used to do a year or two ago. So, in the words of IPS at Tha Feedback, I suggest we “ball on a budget”. Drinks at my house, everyone!