Financial Lessons From “The Story Of OJ”

I heard “The Story of OJ” for this time the other day.  I’ve been listening to it non stop since.  It’s only four minutes long, yet Jay-Z packs more financial advice in it than most books.

“The Story of OJ” is obviously a message to the black community, but it applies to all races.

Here are some of my favorite lyrics: 

I bought every V12 engine Wish I could take it back to the beginnin’ I coulda bought a place in Dumbo before it was Dumbo For like 2 million That same building today is worth 25 million Guess how I’m feelin’? Dumbo

Translation:  The path to financial freedom is not about buying items that will depreciate.  The path to financial freedom is about buying assets.  Jay-Z is regretting using the money he made earlier in his life to buy things that made him look rich instead of investing in property that would actually make him rich. 

You wanna know what’s more important than throwin’ away money at a strip club? Credit. You ever wonder why Jewish people own all the property in America? This how they did it

Translation:  Cars.  Strip clubs.  There fun, but they’re just more ways you can throw away money instead of making it work for you. The Jews didn’t become wealthy because of shady dealings.  They became rich because they knew how to play the game.

Financial freedom my only hope Fuck livin’ rich and dyin’ broke

Translation:  Spending money to appear rich will push you further away from financial freedom.

Y’all think it’s bougie, I’m like, it’s fine But I’m tryin’ to give you a million dollars worth of game for $9.99

Translation:  This isn’t just music to dance to, it’s advice from someone whose gained financial freedom.  Buying his album is a small price to pay for knowledge that will put you on the path to financial freedom.  It’s amazing how people will waste money on buying lottery tickets each week but won’t fork over little money for knowledge that could make them rich.  Once again, ASSETS.  

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