Yo yo yo! Ready to rap about that money today?
Our friend Giovina reminded me of this song when we accidentally left it out of a post on Rockstar Finance – The 12 Hidden Money Lessons in Hip Hop – and I immediately new I had to publish it here.
‘Cuz you know – rappers know what they’re talking about with money ;)
It’s pretty non-PG so avert your eyes now if that’s not your thing, but if you don’t mind it – or you just enjoy some good ol’ fashion hip-hop – feast your eyes on all these glorious fiscal reminders!
It comes from the one and only, Biggie Smalls, with his epic hit, “Ten Crack Commandments,” and if you prefer the audio version you can load it up here (again, very NSFW):
[Fun Fact: I never used to listen to the lyrics of songs back in the day – I just jammed to the ones that made me feel good – but WOW what a difference the experience is when you do! Makes most songs 10x better! (And some 10x worse! Haha…)]
Okay, here we go… the “Ten Crack Commandments” and their accompanying lessons:
Rule Nombre Uno: never let no one know
How much dough you hold cause you know
The cheddar breed jealousy ‘specially
If that man f*cked up, get yo’ a$$ stuck up
Stacking cash on the side? Great! Keep it to yourself and don’t go around flashing it around. We call this “stealth wealth” up in the PF world, first dubbed by founding father Financial Samurai and loved by all. The only exception with this is if you’re around a group of like-minded and open people all trying to help each other out. Not unlike this blog and our new forums ;)
Number 2: never let ’em know your next move
Don’t you know Bad Boys move in silence and violence?
You know that saying, “if you’re just hearing about a deal, the deal’s already over?” This is because the deals are all being made underground. Whether it’s with a hot stock, business idea, new trend, whatever. Once it hits mainstream, the bulk of the money has already been made! Important to keep in mind any time someone offers you a “secret tip.” If it was such a great tip, why are they sharing it with you and not acting on it themselves??
Number 3: never trust nobody
Your moms’ll set that a$$ up, properly gassed up
Okay, this is kinda stretching it here, but let’s apply this to trusting financial “experts” blindly – even if they hold fancy titles like CFP, CPA, etc. They may all say they have your best interest at heart, and some genuinely do, but the only one who TRULY cares about your money and future is YOU. Ask for advice, research around, digest it all, and then make the call with what you feel is best in the end. Regardless of what everyone is saying!
Number four: know you heard this before
Never get high, on your own supply
The best drug dealers never get hooked on their own products! And the best wealth growers never do the same with their $$$ :) You can’t bank savings when you’re out there spending it. Earn it, invest it, then go out there and earn some more! And while you’re at it, make sure not to become too obsessed with money. Dealers just like anyone else (who’s smart), knows it’s all just a means to an end. You’re not earning money just to see how much you can collect before you die – you’re earning it so you can quit doing all the stuff you hate and go after your dreams! It’s all temporary!
Number five: never sell no crack where you rest at
I don’t care if they want a ounce, tell ’em bounce
Technically the lesson here is “don’t mix business with pleasure,” but since we’re all about having the ideal lifestyle on this blog, let’s go with “don’t mix business (accounts) with personal (accounts)” instead :) Make sure to keep all your business banking separated for an (IRS) hassle-free life! Why leave yourself open for red flags?
Number six: that g*d damn credit, dead it
You think a crackhead payin’ you back, $hit forget it
Never take out any credit when you can’t pay it back! We don’t like to admit it, but sometimes those “crackheads” are us ;) Stay as far away as you can unless you really trust yourself to manage it well.
Seven: this rule is so underrated
Keep your family and business completely separated
Never loan out money to those you love unless you really (REALLY) know it’ll be okay! Too many relationships have been ruined when money gets involved, and there are plenty of other ways to help out your friends/family, even if it’s just a matter of donating some vs loaning some. If there’s anything worse than losing your hard-earned money, it’s losing your loved ones along with it :(
Number eight: never keep no weight on you
Them cats that squeeze your guns can hold jobs too
Don’t walk around with tons of cash on you! Keep some for an emergency or a little spending money, but don’t put yourself in a situation where someone targets you knowing how you roll around.
Number nine shoulda been number one to me
If you ain’t gettin bags stay the f*ck from police
Okay, well I got nothing for this one, haha… how about, “stay away from shopping malls so your mother f’in wallet doesn’t get into trouble?” ;)
Number ten: a strong word called consignment
Strictly for live men, not for freshmen
If you ain’t got the clientele say hell no
‘Cause they gon want they money rain sleet hail snow
The best one!! Don’t get into debt if you don’t have the cash to back it up! Too many people get caught spending way more than they have, and if you think creditors can’t be as nasty as dealers, think again. Use credit whenever needed, but stay away from betting future income on it that may or may not come.
And there you have it! Ten great lessons from the Notorious B.I.G., who probably would have never guessed his songs would be shared on some nerdy $$$ website ;) But hey, a lesson is a lesson!
Be back on Wednesday for another dope post…
PS: If you liked this, check out our article on other fiscally positive songs: 12 Hidden Money Lessons in Hip Hop