It's been said that it's easier for people who are well-off to make money compared to those who struggle financially. Probably because the folks with heftier bank accounts have that necessary seed money to make investments. The members of Boyz II Men started investing their money soon after their career took off. For example, Shawn Stockman co-owned Beatbike, a cycling gym in the Los Angeles area that was located inside an amphitheater. When it opened in 2014, Stockman said in a press release, "I couldn't be more excited to be a part of this amazing venture and to share Beatbike with the community." The center appears to have since closed.
Nathan Morris also invested some of his music money, going into real estate, a move that was highlighted on his four-part DIY series "Hit Properties with Nathan Morris." Over the course of the show, which aired in 2018, Morris is seen remodeling an Orlando mansion that he purchased for $1.7 million. It was then sold for $3,200,000 two years later, per Zillow, so it appears he walked away with an extremely nice payday.
When speaking to Black Enterprise about being successful businessmen in 2014, the group was asked to share what they'd tell another artist who might be looking to invest. "I'm going to give advice that someone else gave to me once," Stockman said to the outlet. "If you have 50 cents, save the other quarter like it didn't exist. It's so important to be disciplined about saving your money." Sounds like some solid advice, wouldn't you say?
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