July 19th 2023.
Whenever Dame Dash speaks, at least in public, you can expect to hear a gem or two. The Harlem-bred executive spoke to hair stylist Shanita Robinson who posted a portion of the conversation to her Instagram account. Dame stated that wanting to make a lot of money is not a bad thing, as there are people you may need to take care of.
Robinson told Dash that she needs to make it to million-dollar status, and Dash had some advice for her. He said, "We're dreaming. Let me tell you what a million dollars does. If you go in the store and buy a 25-cent bag of potato chips, you're not a millionaire. You spend one dollar, and you're not a millionaire. You want to stay a millionaire, so you want a couple. Because the minute you start to get into millions, so do your bills. The carrying cost of things is what kills you."
This must have been the mindset Dame had when he revealed that he was only offered $1.5 million for his stake in Roc-A-Fella Records. After planning to sell his stake in the record imprint as an NFT, attorneys for Jay-Z filed a lawsuit to prevent Dash from doing so. Fortunately, the two former Roc-A-Fella Records label owners settled the lawsuit in 2022, according to Reuters.
Dame Dash's words are certainly worth taking to heart. Whether it's in the business world or personal finances, it is important to plan for the future. Knowing the carrying costs of things and budgeting appropriately can help you get to the million-dollar mark and stay there.
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