FETTY WAP Exposes how he went BROKE
VloĆŸit
- Äas pĆidĂĄn 4. 01. 2022
- Welcome to Rap Money! Our goal is to give education and motivation to artists & entrepreneurs through all our content.
Today we take a look at Fetty Wap as he talks about knowing he was going broke and finding out he was running out of money from poor financial decisions he was making that had him paying $150,000 a month in bills.
Stay HungryđȘ
Original Video: âą Video
Are you an Artist that needs distribution? We trust Distrokid for distribution to Spotify, Apple Music & more. Click the link to join Distrokid for 7% off! : distrokid.com/vip/seven/1582749
Follow us on Tiktok: vm.tiktok.com/TTPd6ULF1Q/ - ZĂĄbava
How's his accountant talking bout "Bro I gotta talk to you" after the money's gone? Why he didn't have that money convo before it got that bad? That's f'cked up..
Because they are usually stealing it. A lot of celebrities go broke or get arrested for taxes because their accountants. Rihanna got stole, Fantasia, Ruben Studdard, etc. It happens to people who come from nothing to being rich because we don't have financial literacy in lower income areas.
Deadass
When it comes to accountants, first mistake is not have a professional and second is only having one
Imagine paying someone to tell you how much money you have. Thatâs why these people go broke. They put their entire livelihoods into someone elseâs hands. Learn how to take care of your shit like an adult.
@@doofusPoofus I guess but most people not gonna know how to manage million or millions properly
It's takes heart to admit that most people just show when they up , but it's natural everyone goes through tough times though.
My man is in even tougher times right now. Heâs being indicted for selling millions of dollars of narcotics so the feds pulled up and got him
WOW....czcams.com/video/QYIcUPkjGY0/video.html
@@bibby1391 good hope he gets the book thrown at him.
@@user-rb4lw4ef5h fr cant fuck with someone who was willingly selling fent
Tough times never last. Only tough people.
If theyâre calling you âbroâ, you were screwed from the start.
Don't say that, my real-estate agent calls me bro đ
He better be paraphrasing đ đ
"Trust me bro"
Look who talking. Look at u kid
Imagine having an accountant or assistant that DOESN'T tell you when you run out of money lmao
I think you have the wrong idea about what accountants do.
Most accountants are just gonna study your spending and earnings and tally what you owe in tax and then send you like an invoice or some shit.
They donât really spoon feed you your financial situation. In fact they probably donât have any access to your account balances.
These rap niggas be frontin he ran through that little bit of money these rappers be broke and be frontin!
@@vicbirth1649 idk what kinda accountants you got but theyâre ass tbh good accountants will do more than that
@@vicbirth1649 na
@@vicbirth1649 What youâre describing is a financial advisor. An accountant BETTER be telling you when money is getting low, otherwise theyâre fresh out of an accounting job.
Man I met this man while I was working at a grocery store and he tipped me a hundred. I was hugely grateful. It may not be much to yâall but it was a blessing to me.
When your accountant says âbro, I gotta talk to youâ⊠you know youâre on some sh*t
To be successful at anything you need to have a level of financial literacy.
@Transaction Empire invest and chill
@Transaction Empire or get a useful college education with high job availability and youâll be fine. I donât get how some people say âcollege is dumbâ but working 60-70+ hours a week to match that is good. Get a stem/business degree and youâll never have to worry about starving.
Exactly. And itâs not even that hardâŠthe one thing they forget is that itâs better to buy and own one single home, than to rent several homesâŠyouâd think thatâs common sense, but I guess not đ€·đ»ââïž
I love the way he admits his mistakes & how "DUMB" he was spending his money, stay humble & may we all be blessed...THE MOST HIGH IS GREATđđŒđ đșđ
fetty woo czcams.com/users/shortsSZz3MK9p_tE?feature=share
He looks healthy!! Proud of him, I almost didnât recognize him
Heâs in jail now lol
â@@Flipflapp prison*
Always keep track of your own money.. you canât trust anyone
How hard is it to write down on your phone or a booklet lmaooo bum niggas
@@noteimporta2880 handling millions is a lot harder. You have to account for taxes with every single purchase. Itâs a lot different than handling an $1000 check every two weeks bud
@@rhyiaremckinzie5211 calculator?
@@rhyiaremckinzie5211 no it ain't, bud.
@@rhyiaremckinzie5211 no, itâs not lol math is math
Iâm glad he spoke on this. He was fucking huge. If he can hit that point hopefully it shows other young artists money does run dry
I hope he makes a comeback oneday id like to see him and a couple other comeback
ggg did not beat canelo
@@ap6497 Iâll give the second one Canelo won clearly but the first fight Iâm still sold that GGG won
@@x-i-clap-ttvs7876 he had some features recently I think, listened to one and wasnât my cup of tea but it was nice seeing his name around again
Only if they spend it stupidly. Need to be educated by the older artists. Jay-Z and Rick Ross, for instance, made good investments before anything else.
I love how the caption says EXPOSES but he is sitting there telling us about it.
đ€Łđ€Łđ€Łđ€Łđ€Ł being open book is self exposure
He's exposing himself, need some brushing up on the English language?
@@Mikefame3When they change the title it changes the comprehension of the sentence.
Man looks like if he took his hat off, the dreads would be sewn into the hat and he's be bald underneath.
glad i aint the only one that thinks his hair looks fake
Kevin heart from scary movie 3 lol
Him and durk wit the fake hair đ€Łđ€Łđ€Ł
Dave Chapelle impersonating Lil John
@@smootheasy7938 lmbo
I canât imagine how difficult it is to find non predatory advisors that actually have your best interest at hand when youâre rich & famous.
The good thing is that heâs young, talented, genuine & grounded. He can make all that back in a heartbeat (& hopefully he has).
Major props, seems like a really chill, down-to-earth dude. Not an easy thing he did. Hope things are getting better. Dude was THE guy for a summer +
Facts!! đŻ
for a summer lmfaoooo
Lmaooo shut up
Homie went broke and started sellin heroin and fent by the pound. That shot aint down to earth he contributed to killing neighborhoods
@@blu4533 I don't know how people can just gloss this over. It takes a special kind of scum to sell that shit.
âSoon as we get the money we spend itâ đ
đ€Ą
Here's a fine example on how 90% of rappers are stupid with their đ°
People make mistakes, but rappers biggest mistake is not learning from previous rappers that have made this mistake before them.
60% of stats are made up!
90 % tho. Nahh I wouldn't say that.
90% of rappers already have cash Buried in some garden and they use music to clean it đ just because they say theyâre bank broke doesnât mean theyâre cash broke
To tell you the truth, it's influenced by the industry, & public opinion. It's really 90% of celebrities are stupid with đ°. I'm starting to wonder why we look up to celebrities at all. Think about all the famous people that's worth..let's say, 10 mil or more. They probably have at least eight, nine, ten, cars. A mansion or two: With 1 or 2 children. Why do you need 6 bedrooms? 5 fucking bathrooms. Most celebs don't house alot of family members, unless they are immediate Of course you won't go the Redman route, as far as the normalcy of the house. Plus, you can always sell your mansion if you started to go broke. However. Why is a gigantic house necessary when you are hardly home? (IMAGE) Most rich people are stupid and frivolous with their money. Some of them just get boat loads more of it. Even if you make great investments. Even if you save alot. Entertainers buy things that are considered ridiculously overpriced to common folks like us. Spending half a million dollars on a watch, or chain! CRAZY! Spending half a million dollars on a car. Even if I had 10s of MILLIONS of dollars. I would think back when I was broke. Half a mil would set some people up for life. Really live pretty good 2. Depending on your sentiments of certain material things..All the glitz and glamour expense is stupid. Some celebs have suits that are worth some people's annual salary. You would think they'd open up more opportunities or doors for the less fortunate. Those charities seem superficial. Back to my point. Rappers have more consumer pressure/judgement than other genres. By being a part of black culture, rappers have to prove their selves time and time again. Whether it's proving your enemies that you're tougher than them. Portraying this "I'm richer, cooler, stronger, braver, more attractive, flashier, and better, persona. Rock & Roll stars don't have to be subject to judgement because they're not rockin' a $100,000 diamond chain. They accept you for your talent, not Versace shirt. Not because you've been shot 12 times. Not because you sold dope. Or went to prison. Or murdered somebody.
You could be the most talented rapper in the world but if you don't have the jewelry, women, the cars, expensive threads, style, street cred, Etc. Etc. You will either be irrelevant, or TALIB KWELI!! Or Mos Def! If you're conscious like they are, you will be overlooked & underrated. You can't win. They (Media) hem rappers up for their lyrics. I have never seen them interrogate any Heavy Metal band. Or Rock & Roll.
I would go broke managing my own money before I hired someone else to do it
Itâs work for Floyd. Canât read but apparently he can damn sure count
@@duce185 no fucking shot Floyd actually manages his own investments
No kidding.
A good accountant will pay for themself.
On God đđđ
Oprah said she signs every check that her account writes and sheâs a billionaire because your never that busy!!!!đ€·đŸđ€·đŸ
NEVER too busy to keep up with MY money! Like how!? They kept up with it broke but got it and said fuck it smh.
She paid the cost to be boss
That part
@Transaction Empire sheâs a billionaire Illuminati occult sellout puppet đ€·đŸââïž
@@IGH414 rather have my soul for the afterlife than ball out in this one đ
T-pain said the same thing you think your gonna be rich forever and then all your money comes to an end and then your like oh fuk Iâm broke makes sense!
Respect to Wap, keeping it real
Thatâs why he started to sell that shit and got caught up with the Feds.
Sure looks like it đ
But he made 1.5mill on it and he out
Makes sense, 150k a month on bills. 1.8 million a year not including personal expenses, can see why he tried flipping work to recoup that money. Sad shit man.
They do this on purpose. He did not accept a mainstream deal therefore he is dangerous. Freeze his accounts, make him desperate, make him do something stupid. One day people will wake up
@@williamyoung3307 thatâs crazy how they can freeze your bank account that means you donât really own your money in the bank if they can take it away like civil forfeiture i fee like crypto is a way better place to park your money
Fetty we miss you man come back your voice is amazing đ
Not only the high expenses, but somebody around him shouldâve informed about taxes and how to write off all of that jewelry, cars, clothes as business expenses. Not to mention that rent, somebody couldâve also said âInstead of renting this out why donât you you buy it?â
Simple shit like that could charge the course of alot of cats without a plan and financial security.
Writing off jewelry, cars, and clothes is called tax fraud. And it was 100% the high expenses he just said it had nothing to do with taxes.
@@parkeraustin2414 All wrong my boy, those are miscellaneous tax deductibles, nothing fraud about it. As long as the items are required for work, they can be itemized and written off. Idk who told you that was illegal when literally entertainers do this very thing lol
@@parkeraustin2414 The point was no one pointed him in the right direction regardless, the bigger picture, not just taxes, but right on gang lol
You cant write off jewelry cars and clothes as a business expense. Yea you can write off things like work boots, work truck work shirt things like that but there is a limit the IRS gives for all that and they say âlavishâ expenses are not deductible. Nah somebody should have been telling him to invest in properties and businesses
@@chizzo6355 no your all wrong my boy. Go do a google search before you make yourself look stupid
Notice he ain't got no jewelry on. I think homie learned his lesson
Probably sold it
Heâs broke
@@aaronblackwell620 you dont understand the game. You are supposed to act rich look rich dress rich etc etc.
What's the drake line, "heard you was giving your chain away that's kinda like giving your fame away"
@@donsolos You don't have to do anything except be talented. J Cole is humble and is a well paid artist. What's the point of looking rich while being broke? Is that chain gonna feed you? Is it gonna keep a roof over your head? No
he j bought jewlery n a richard mill n got out on 500k bond heâs def not broke if he still has 22 Ms saved
Thereâs no exposing heâs honest and real about it đŻ
My boy was the first one with fake dreads a real trend setter
And his shit still fake đ that shit crazy
@@369pendulum facts bro got a whole wig on his head đ€Ł
Gotta laugh at dudes paying bills on their jewelry đđ€ŠđŸââïž
Dude ainât got any on here either đ€Šđ»ââïžđ
I was tickled pinkđđ€Ł! Like wtf...Sir đdo you hear the words that are coming outta yo mouth?...Apts & jewelry broke you!?...stop the madness!đ€Šđœââïž
My spirit animal wouldnât let me behave so superficially stupid! PeriodT
Financial literacy my friends, you dont have to be autodidactic to be educated about money management, be prudent, be wise.
Any websites or other recommendations? Thank you!
I'm glad I don't have alot of things right now that way when I do make alot of money, with everything I have learned and listened too people's stories I can make better moves.
đŻ
The one subject school just does not teach the one thing you need to know in life. sad
No amount of school can tell someone not to spend 70k per months on apartments they do not live in
Ion think rappers go to school n if they do they ain paying attention
School is not made to make you successful it's made to make you a sheep follower with no critical thinking
@@ramzichouk4080 you yourself make yourself a sheep, if you don't think for yourself since a kid than braking news, you were born a sheep
@@alexistriana9795 that's stupid because a kid follow his parents orders and the parents are brainwashed on top of being enslaved by work and bills it's a loop a never ending cycle
We had too much examples in history for everyone and even him to learn from.
Prime example of what cordae has said about stuff like this
Imagine being a poor person who gets taught how to handle money like a rich person... schools are missing that class.
It starts at home
Canât depend on the schools to teach you the keys to life , thatâs what they make parents for
Ya'll want schools to teach all of this, but won't donate anything to the school system or help their children succeed in school đ€
Honestly, schools education is based on the money being paid in property taxes. A lot of people who live in certain arenât paying taxes because they are renting and not owning property and living in low income areas. Therefore, they arenât teaching financial literacy classes like they are in schools in higher income areas. Plus the parents in high income areas are no joke. They go to school meetings and so forth.
Schools arenât meant to produce financially literate people. Itâs designed to produce workers. You have to go to private schools to get a targeted education.
When you go from buying one of your friends a brand new car to facing life in prison. And a video like this comes out. The irony. It doesn't matter how on top you are if you don't make smart choices. He went from broke for 6 months to possibly spending life in 4 walls. Whatever happens I just hope he picks himself back up, we all deserve a chance to learn and be better regardless of failure
Keep fighting son you'll bounce back. Blessings!
dont count your eggs before they hatch man, a few million dont mean you won the game. it only means a chance to play.
I remember when Big Boy from LA told him to chill on spending because it runs out⊠He sounded as though he would listen, nevertheless this man will bounce back
True I feel like Fetty just has to come back strong, he can do it but failing is just learning lessonsđŻ
@Jayden Rivera chill out bro
He's been out of the spotlight so long I doubt it. Rap has changed since then
I knew he was gonna go broke when he got his first 10M and said "I'm gonna retire". If you don't have a passive income 10M will go far enough to last you a few years on that $150k/month budget. If you're not making at least $300k per month you can't afford that
Dude, if you put 10 M in a IRA account, you could be living off of the dividends and not work for the rest of your life
@@terminatora777 u don't even gotta put 10ms though ppl are fucking dumb but listen god bless u see u fuck up n give to someone deserve it nore
You could live a very decent life at 10m a year if you didn't spend it like crazy
@@terminatora777 like I said. Passive income. If you put it in an IRA account that generates a passive income
@@tacklefatkids1195 He's not making 10M a year. He made 10M and was paying $150k per month. If you're spending 150k a month and you only have 10M that's only 5.5 years of wealth. Read to understand not to respond. Otherwise you end up saying something that makes no sense
Imagine not knowing how to check your own account
150k a month in bills, jewelry & apartments? Dayum.....
That's why we as a people cannot maintain wealth. We have an affliction with spending. We have to.learn why we spend money emotionally. Once you understand that you can learn to be a better steward of your funds.
@@rm5282 our world is jewish and we worship Mamon.
@@williamyoung3307 whatever you say. I don't worship anyone.
@@rm5282 Nah there ain't no 'we'. It ain't just black people that are bad with money.
@@BigCEOMuayThai those other groups are able to hold to their far longer than black people. Forget it, stay broke and keep blaming it on everyone else. MY family is going to continue maintaining ours.
It's crazy to think we can go from living afloat to dead ass struggling broke if our accounts get froze. It happened to me and it's the most helpless feeling ever
Why did they freeze your shit ?
@@markus7166 It was a mix up in the system. Took 2 months to get get fixed
@@R.O.T.C._SEEM holy fuck, I would sue them for that shit
With a whole head full of yarn! đ§¶
Yo my man's hair is next level đ looks clean af mane
Sike. Dude looks like a lesbian đ€ŠđŒââïžđ
âGot lawyers watchin' lawyers so I won't go brokeâ - The Notorious B.I.G.
Exactly, putting his money in the wrong hands
So heâs a lyrical genius but calls accountants lawyers?
I wouldnât even have an accountant personally speaking if I was making all those Mâs⊠Iâll literally be checking my accounts everyday especially if Iâm expecting a deposit.
He being đŻ I respect it
Bruh there's an interview from 2015 when Fetty was popping about the possibility of falling off the next year and he was so arrogant about how he owned 5 houses and a few foreigns and was offended by the suggestion he might ever go broke. How quickly life can change. I think it was the breakfast club or ebro interview if you wanna look it up.
He didn't understand nor care to understand the way money works
âPaying so much billsâ
Nah AK fetty was getting robbed by his âteamâ.
Reminds me of âCarlton Coâ from the fresh prince đ
It's hard for rappers to admit this they are often so fake so respect to Fetty
His story is very humbling
The loop is so perfect I thought akademiks kept asking the same questionsđ€Ł
Ya see the way my bank accountâs setup.
I understand. This man just couldn't see his account slowly going down.
Savage LMFAOO
Bruh thatâs wassup he being real good shit now I can see hella rappers that are faking it
Fetty always keeps it realđȘđœđđœđđœ
Never heard of worse way to spend your money. đł. This man definitely did not surround himself with good people. Or great investors. My boy was a victim to himself.
That's how it is tho nobody cares if you go broke they only fucc with you for what you got til it's gone
Its cool brody. Live and learn. You can always get back.
Facts đŻ
Not when u doing jail time like he gonna be bc he's broke and no $ for lawyers
@Pete as long as he dont get life in prison, he still got time.
Not many fall off in rap and come back
@Your Mum we are not talking about rap. We are talking about money.
No matter how rich you become do whatever you can to manage your own money. Because the ones that get paid to manage your money will let you know something is a serious problem when you're broke
respect for the honesty and reflection
He was the biggest rapper in 2014 he had hella hit songs and he went broke? That should tell you something
He rich again already
I will never understand how a grown man goes broke for jewelry. I thought that's what women like
đŻ boom realest statement ever
i would just buy a gold cuban and bracelet. cleaning looking and nice. all those 100k diamond chains so stupid
Feminine ass dudes tryna impress other men with jewelry. What part of the game is that ?? đđ
@@markus7166 preach đđŸ đđŸ
Men like jewelry too. kings had crowns and rings for a reason. Jewelry shows status
I feel like exposing has ill will, where as sharing come from genuine intentions
Very humble,, I respect that.
Financial literacy ain't no joke
I never had or came close to the money fetty was had. But I can relate to being broke because dumb spending decisions.
Fetty woo czcams.com/users/shortsSZz3MK9p_tE?feature=share
Honesty opened his eyes and set him straight... he knows now đ€đ„°
Eye*
He such a straight up dude so genuine đ
That's what's up him admitting it
The industry doesnât give a fuck about you . -DMX
Accountant said bro, bad sign.
If you from Paterson you already know about the 711 cups đ my boy WAPđȘđŸđȘđŸđȘđŸ PTOWNđ„đ„đ„đ„đ„đ„
He dropping gems
And niggas looking at his locks??
Lol
Lmao
150k/month on bills? there's no reason for you to pay that much on bills
That's they're mistake and the accountant definitely owes you more than they are telling you. You deserve it all.# Your 1 fan.
That man Fetty added some more extentions!?? đ€Ł đ€Ł Smfh
đ
Hey they donât look to bad lol
This man got in trouble with TPTB and they put his money on freeze!! This whole video is apart of a mock humiliation ritual he'll have another big hit here soon just watch but he better not slack on those sacrifices and rituals again or someone he loves will end up randomly dying..
Thatâs the Feds tryin to get their cut
Fasho đŻ
Nope, there is a hold on large financial transactions. Most people don't understand that.because they are depositing that much money regularly. I had a friend close a bank account and transferred $50k to his new bank. Even though the money was sent as a wire transaction from one bank to the other they held his money for 45 days before he could access it. It's part of regulatory practices to limit money laundering.
He was EYEING the good life.
Appreciate the honesty. We've all been there đ€đ
This is how they control these idiot artists that sell even their own momma for fortune and fame. Read between the lines.
đŻ
How do this poor rappers get money then just let other people handle their stuff?
At Least He's Man Enough To Fully Admit An Show His Mistakes & Bad Decisions, It Takes a True Man To Own uP To All His Rights & Wrongs!!
I remember when this guy was just gossiping about people. I didn't know he interviews them now?? I've been under a rock.
Always keep a stash of cash, bank froze his accounts. Freeze these gold bars, platinum bullion or Mr Benjamin... cash is king
Don't ever put all your eggs in one basket, especially if you aren't even holding the basket
Or donât do dumb stuff to make them freeze your account maybe
Dude said he had a lot of apartments?? Why the hell you renting shit like that đ
Jewelry and apartments đ
Everyone go thru the tough times thatâs how u get up đȘđżđŻ
All that wasted talent. He fucked off like $30 million and then chose to go sell drugs and help lead other people to their demise instead of going in the studio daily or reinventing himself in a different industry using his fame/name.
The problem with rappers are they want to flex with money and buy a shit lot of jewelry, if I was him, I would invest all that money and work smart and not stupid
This is why you make smart investments kids, the flashy jewelery may look cool but in the end it's gonna mess you up, so be smart with your spending decisions
Thanks for keeping it đŻ shit u learn from your mistakes.thats 1 thing about being a man good or bad got keep it đŻ
My ninjas stack they money just to spend it
'Cause when you die, you cannot take it with you. At least he learning now.
Fetty still got fake hair ?
Dat shit real atp nigga had that shot fa so longđđđ
Them joints look fake asf. Alot of it prolly his real hair by now.
@@mariibandzsni5804 bruh that shit fake when he first came out later on he put fake hair on then he twisted his real dreads with the fake hair to make it longer đ€Šââïžđ€Šââïž
I could go through every short like this and at the end of the day EDUCATION will always be IT. Very sad
Trust no one but yourself...think of your future. We all have to grow up and prioritize.
I love how he says this is common. It shouldnât be, no matter how much bills & money you have you should always know where your money is going. Like SVP says because thatâs your money man!đ€ŁđŻđ°
I mean he knew where it was going⊠to jewelry he didnât need, real estate he didnât need and probably a bunch of other shit he didnât need.
Man life been tough on fetty last couple of years and now all these legal issues I hope he comes out of all these things on top cause he made 014-016 lit fr
What some artists forget, especially rappers, that even if you become famous that doesnât mean your always gonna have money. Just takes a few bad hits and bad investments to take you back to the bottom where you started
You have to be watching the people who are watching your money. Know what your name is on, what bills you have to be paying, especially your taxes. And know what a âhold on your accountâ means! Damn!