Don Jazzy: I Blew My First Big Music Money on Champagne and Clubbing

Veteran Nigerian music producer and music executive Michael Collins Ajereh, popularly known as Don Jazzy, has revealed how he squandered his first major earnings from the music industry before learning the importance of investing.

Speaking on a recent episode of the On The Grind podcast, Don Jazzy admitted that he initially spent his first significant income on luxury and entertainment instead of making wise financial decisions.

He disclosed that he bought 50 bottles of champagne and spent heavily on clubbing after receiving his first major payment from music.

However, he said he soon changed his approach to money and began investing in emerging artistes and other business ventures.

According to him, the investments he made in record labels and other businesses have given him financial security to the point where he no longer needs to work to maintain his lifestyle.

Reflecting on his experience, Don Jazzy encouraged young people to develop good financial habits early and channel their earnings into profitable ventures rather than spending excessively on luxury and unnecessary pleasures.

He said: “The first big money I got from music, I lavished it. I bought 50 bottles of champagne and went clubbing. But I quickly got my act together and invested in signing new artistes. Now I don’t have to work ever again.

“You don’t necessarily have to invest in a record label, but the money you are making in your youth, invest it in a lucrative business as opposed to wasting it on frivolities.”

Source: Daily Post