Kandi Burruss is a shrewd businesswoman who has been making money via multiple ventures. The diva has been writing hit songs since the 90s with the R&B group, Xscape. She is a serial entrepreneur with several boutiques, restaurants, and a beauty company; and is also featured on the reality series Real Housewives of Atlanta.
Recently, Kandi dropped a video where she is promoting products for “lipsticks for the top & bottom pair! 😜” and fans went wild.
A surprised supporter said: “I wasn’t ready for the lipstick ones down below 😂😂.”
Another commenter claimed: “I mean we do have two sets of lips😜.”
This backer wrote: “I have the Kandi Koated lipstick and the BK Kandi Kisses.”
Kandi, who has a net worth of $35 million, gave this life-changing money advice in a past interview: “When I was 19, I put a downpayment on my first home [after moving out]. Shortly after that, our group went on tour with LL Cool J. He gave us advice: Always have at least one house and one car that you own. He was like, “Every time you get a check, put a little bit down on the principal. It doesn’t matter how much — put something. Because then it will cut years off the loan.” I never really thought about it before then. When I got back home, I looked at my payment statement. I [saw] all the money that went toward interest, and only a little bit every month was going toward the notes. I was like, “OK, he’s onto something.”
She added: “When you’re in the entertainment business, it’s very unpredictable. You could be hot right now, and for the next 10 years, a person could be making millions of dollars. So they start basing their life off of what they’re making at that moment. But a lot of people are getting 30-year mortgages, 15-year mortgages. Fifteen years from now, you may not be poppin’ like that no more. In 30 years, you definitely will not. How often are people hot for that long? If you don’t set yourself up, you will find yourself in a position of a lot of other entertainers we see: going bankrupt, losing their homes, not being able to afford their lifestyle. If you set yourself up in the beginning, later on down the line you’ll be better off.”
Kandi knows her market.