Michael Rainey Jr. thanks his mother for helping him save money

Actor Michael Rainey Jr. he talks openly concerning the financial knowledge his mother gave him.

The “Power Book II: Ghost” star, who most recently plays Tariq James St. within the series. Patrick appeared on Forbes “New Money” podcast, by which he praised his mother for helping him save money from an early age. Rainey was lucky enough to start out his acting profession on the age of 9 after being discovered by a talent agent.

“She literally just walked up to my mom and said, ‘Your son has a great face for acting or modeling. Does he do something like that?” Rainey shared. “And she said, ‘No.’ And then, about a week later, they had a meeting in the office and just started inviting me to auditions.”

After small appearances on “Sesame Street” as a model, Rainey landed her first acting role in 2010 within the film “Un Altro Mondo (Another World).” Four years later, the rising star landed her breakout role as James St.’s eldest child. Patrick, Tariq, in Starz’s “Power.” He was only 13 years old and was earning plenty of money for a supporting role.

But Rainey had no idea how much he was earning thanks to his mother, who took his checks and saved them for a future when he was older and more financially responsible.

“I’ve obviously been working since I was a kid, but my mom has always done a great job of helping me save money since I was a kid,” he said. “I didn’t know what numbers I was looking up until I was 17, 18 years old. My mom really did a good job of saving money for me.”

Rainey continued: “Obviously at a young age, I don’t really know what I want to do with the money. She really did a good job of making sure that most of them were put aside until I got to the age where I thought, “Okay, I can do this with my money.” I can do it with my money.”

Now, at 23, Rainey is sensible and able to manage his own money. Thanks to financial management, which he initially received from his mother, the TV star invested his money in land ownership, Bitcoin and Ethereum.

He also began dabbling in entrepreneurship with his manufacturing company, the Catch 22 restaurant in Jamaica, and owning shares in a dispensary called Herbs Jamaica.

“We are currently moving locations to a larger space and I am very excited about it,” he said about his clinic.

He even has enough to spend on material things that some would consider “dumb purchases,” but Rainey is pleased with the Porsche 911 Turbo S that sits in his driveway. This is an element of his passion for cars, which he plans to make use of in the brand new automotive channel he plans to launch.

“I will be presenting the craziest car designs from around the world,” he said.