VIBE MAGAZINE: Although Keke Palmer has been booked and busy from a young age—with acting credits including Barbershop 2: Back in Business, Madea’s Family Reunion and Akeelah and the Bee—she recently opened up about learning money management in her early adulthood.
While speaking at the Building Wealth Today for Tomorrow Financial Empowerment Summit on Oct. 12, the 31-year-old shared how she came into financial issues early in her career — despite having her parents and a business manager at 12-years-old. Deciding to take her financial woes into her own hands, Palmer admitted to filing for bankruptcy at 18-years-old.
“I was so spooked. I was like, ‘What went wrong?’” she recalled before sharing how she now lives her life “below” her means. “If I got $10,000 in the bank, then my house would be $500 a month,” she explained. “That’s how under I mean, because I can probably afford something $2,500 maybe, but I’m going way under. You know why? Because I wanna invest in my business.”
Read the whole article here: Keke Palmer Is Living Below Her Means After Filing For Bankruptcy At 18
Featured photo courtesy of Antwan Collins
Featured video courtesy of True Star Media