In a world where flaunting Wealth often seems to be the norm, international music sensation Akon offers a refreshing perspective on how to maintain financial success. 

During a recent appearance on the Impaulsive podcast, the Kovict label boss shared his philosophy on why being "stingy" can be a key ingredient in staying rich.

Akon didn't mince words when he proclaimed, "If you want to stay rich, stay stingy. 

I'm the stingiest guy on the planet." While his words might sound counterintuitive in a culture that glorifies extravagant spending, there's wisdom in his advice.

Akon's counsel stems from his own experiences and observations. He acknowledges that many celebrities and music stars fall into the trap of extravagant spending, which can quickly deplete their fortunes.

 Owning luxurious possessions, like Private Jets, may seem appealing, but they come with significant Hidden Costs.

Akon goes on to caution against the ownership of private jets. He reveals that his own venture into jet ownership lasted a mere six months before he decided to sell it. The reason? The jaw-dropping maintenance expenses associated with these flying marvels.

 According to him, "Owning a jet means you spend two to three million dollars a year just for upkeep. You spend more on maintenance than the actual jet cost."

Perhaps the most valuable nugget of wisdom from Akon's interview is his emphasis on longevity. He advises everyone to view their current wealth as something that must last a lifetime. 

This mindset shift can profoundly impact the way individuals manage their finances.

In a world often driven by conspicuous consumption and the need to showcase affluence, Akon's advice to stay stingy and avoid lavish expenditures provides a fresh perspective on wealth management. 

By adopting a more frugal approach and considering the long-term implications of their financial decisions, individuals can increase their chances of staying rich for a lifetime. 

As Akon wisely puts it, "the money you have now has to last you a lifetime." So, perhaps there's merit in embracing a bit of stinginess after all.