If you don’t know who Kendrick Lamar is…
Okay, seriously – Kendrick Lamar, or K.Dot, is a big name in hip hop right now. In fact, he was named “Rapper of the Year” by GQ in 2013.
He’s not afraid to go against the stereotypical rap lifestyle. Recently I read an article entitled “Kendrick Lamar House — Rapper Drops Totally Reasonable $524,000 On Un-Rappiest Crib in California“, reports on the rapper’s choice to buy a relatively normal house compared to the mansions of over-the-top extravagance his peers usually go for.
This guy is arguably one of the best rappers out there right now. There’s no doubt that this guy makes a ton of money. But instead of spending it all on a huge mansion in the middle of LA, he chose a reasonable 4 bedroom house an hour outside of LA.
So what does this rapper’s real estate choices have to do with you and what else can Kendrick teach us about money?
Brand Names Don’t Mean Much
In A$AP Rocky’s song “F**kin’ Problems” featuring 2 Chainz, Drake, and Kendrick Lamar, K.Dot spits out the words you see in the above gifs:
Girl, I’m Kendrick Lamar
Some say that this line is him showing off that he can afford a Mercedes Benz like it’s nothing. Personally, I think he’s saying something quite different. Driving around in a Benz is showy, flashy, and usually a sign of wealth. But K.Dot says that doesn’t matter – a car is a car. Essentially, a Benz gets you from Point A to Point B just as good as any other car could. Although it’s true that some high-end brands are worth the splurge because of higher quality, most of the time you’re paying for the label when you choose brand names.
Be Satisfied With “Enough”
Kendrick Lamar is worth about $10 million, yet he stayed conservative and bought a modest house – relative to his rap peers, of course. In fact, with a $524,000 price tag, he could have easily afforded 10 times that house and still have a lot of money left over!
We may never make it to a $10 million net worth, let alone $1 million (though that doesn’t stop me from trying). But there’s no doubt that we work hard for our money. Once we see that money in our hands, it’s so natural to want to go out and spend it all! We deserve to, right? If Kendrick could afford a million-dollar home, why didn’t he buy one?
Well, just because we can afford something doesn’t mean we should buy it. Kendrick could have bought any house/mansion he wanted to, but instead he chose something more conservative. Not just to make a statement, but also because he probably felt that this “modest” property was just enough for him.
Even if you’re not a rap fan, Kendrick Lamar is just one of those people you can’t ignore. His choice to purchase a reasonable home has made a statement on today’s rap and youth culture, and I hope it doesn’t go unnoticed.
What do you think? Think K.Dot made a smart decision, or do you think he could have splurged a little bit?