(Cover) - EN Showbiz - Nick Cannon wishes hed listened when Will Smith told him not to buy a Range Rover.
The 30-year-old star calls himself an entrepretainer, because he mixes the business world with entertaining people. He is a successful rapper, TV and radio host, comedian and actor, and became focused on making money from a young age. He made his first million by the age of 18, but wishes he had listened when he was given advice about keeping the cash.
I became a millionaire and went broke all before the age of 19. I spent it right away and did a lot of frivolous, unintelligent things with the money. I bought jewellery and Range Rovers... instead of buying property I was leasing the most expensive property, and then you turn around and you owe the government 44% of what you made and you dont understand that, even when people you tell that, he told the Wall Street Journal. One of those who was a mentor to me at that young age and opened a lot of doors was Will Smith. I remember when I was going to buy the Range Rover he said, Man, dont go buy that, you dont need that. He was someone who made $1 million and lost it at a young age, so you got to pay attention to the people who came before you. I would encourage people who do get a little bit of money to save it and invest it and hold on to it. And make sure you pay your taxes.
Nick is now married to Mariah Carey, and they are expecting their first child next year. He cant wait to be a dad, and explained impending parenthood has made him think about his career.
His focus has changed, because he cant stop worrying about providing for his family. Nick, 30, thinks thats actually a good thing, as it has given him more drive.
I believe becoming a father will affect my career tremendously. Im so focused on being the best entrepretainer I can be, before that it was being best husband, now its being the best father. My career has to take a step back because I have a new priority but because of that new priority I need to be more focused on getting that paper. So I have a new energy behind me of why I want to be successful, Im excited about that. (C) Cover Media