Business and Finance
Motherhood has changed the way Keke Palmer looks at money
Keke Palmer has been focused on real estate since welcoming her son last yr. In an interview with Pop Sugar about her collaboration with Cash App, the star explained how she needed to re-evaluate her financial management after the birth of her one-year-old son, Leodis.
“For me it’s all some form of gambling, but I keep doing it thinking about things that I can make money from come back or so that I can leave for my son,” she says. “When you have a baby you start thinking about wills, so I’m much more interested in real estate.”
The multi-talented TV, film and music star and producer has since moved in along with her sister and three children to chop costs while on the lookout for ways to speculate her money.
“I always ask myself: what can I leave behind? What can I share? How can I keep things on our behalf? How can we have things that go up in value rather than down over a long period of time?” Palmer explained.
Growing up as a baby star, Palmer learned find out how to manage her funds early on, but didn’t realize how unhealthy her attachment to money was until she was 18 and her sitcom on Nickelodeon ended.
“I felt like a 60-year-old white man who was no longer the CEO of a large company,” she recalled. “I felt like my identity was destroyed. I even have at all times been successful and money was never a difficulty for me, but here it turned out that money was a difficulty.
Palmer advocates for multiple sources of income and stays committed to educating others on the importance of economic literacy.
“I want us to continue to grow economically as a country and to be able to sustain ourselves,” she said. “So we need to start thinking about how to increase financial literacy and understanding of economics so that people can understand how money works, where it comes from and how we do it.”