I wasted my first earnings from music – Don Jazzy

Veteran Nigerian document producer and music government Michael Collins Ajereh, broadly generally known as Don Jazzy, has disclosed that he squandered his first main earnings from music on frivolities as an alternative of creating prudent monetary investments.

Speaking on a nee episode of the “On The Grind”podcast, Don Jazzy defined that he rapidly realized from his preliminary misstep and started channeling his subsequent earnings into strategic ventures, most notably constructing and investing in music expertise.

He famous that his deliberate investments in document labels and numerous enterprise enterprises have secured his monetary independence, permitting him the liberty to step again from lively day by day work.

Offering recommendation to youthful generations, the Mavin Records founder urged youths to prioritize investments over extreme spending after they start incomes an earnings.

“The first big money I got from music I lavished it. I bought 50 bottles of champagne and went clubbing. But I quickly coordinated myself and invested in signing new artistes. Now I don’t have to work ever again.

“You don’t necessarily have to invest in a record label, but the money you are making in your youth, invest it in a lucrative business as opposed to wasting it on frivolities.”