Here’s How Fetty Wap Made Millions While Working on His New Album
For Fetty Wap, 2017 will be the year he brings back the signature "Fetty Wap sound" that made him a star in 2015.
Last year, the 25-year-old Trap&B artist dropped a few loosies, collaborated with the likes of Monty and appeared on Love & Hip Hop: Hollywood more than a few times, but this year, his album is his priority.
In December, Fetty released "Like a Star," the first single off his sophomore album, King Zoo. Teaming up with Nicki Minaj for the catchy, radio-friendly tune, Fetty proves he's still the hit-making machine listeners fell in love with two years ago.
Having released his debut project in the fall of 2015, the New Jersey artist took a minor break from recording in 2016 as he focused on recovering from a serious motorcycle accident that left him with a broken leg. During his recovery process, Fetty dropped a number of songs here and there to keep his name afloat, but it was his financial skills that he sharpened during his time away from the music business.
Fetty got serious about his money and took classes to help him manage and invest wisely. The rhymer tells XXL he took the classes because he wanted to learn the value of money and become more informed about the stock market. According to him, he flipped $1.3 million into $20 million in about a year. Fetty thanks his business manager for the assist and for helping him understand the true value of money.
XXL recently caught up with Fetty Wap at a Footaction photo shoot to get an update on his forthcoming sophomore album, the guest appearances on the project and how investing has helped his bank account look real good these days.
XXL: What's going on with the delay for your sophomore album, King Zoo?
Fetty Wap: The reason for the delay is me. It wasn’t nobody else. It wasn’t a conflict between me and 300 [Entertainment]. It wasn’t a conflict between me and RGF [Productions]. It was no conflict at all. It was just me not being satisfied, you know what I mean? I feel like my first album was good because peoples was ok with the songs I had out. Now it's more like, what songs can you make, you feel me?
So I wanted to make songs for them, so instead of doing like the average 12-song album, I did 25 songs on the album. It’s gonna be a lot of that Fetty Wap sound for you. A lot of the sound that I missed in 2016, is gonna be on the 2017 album. So I just want to bring people up to date and rock out with it.
Tell me about some of the guest features on the project?
Well, I’m not trying to spoil it too much but as of right now, we got Nicki Minaj. I also got Snoop Dogg on the project. I got my boy Jadakiss on there and I have a few more people on the project.
Will we ever get a collaboration between you and Gucci Mane?
He’s doing his thing right now so I guess whenever he gets the time we make it happen. Everyone knows his work ethic is like no one else. He do what he do. I’m the same way, so I understand how busy someone can be. I’m chasing the bags out here, you know what I’m saying? It's about getting this money. I’m sure when we bump heads and we’re in the same city or state, we gonna hit the studio and record. It’s gonna be different. Gucci is still my favorite artist. He’s still him. I’m ready to work with him, so I'm looking forward to that when it happens.
You thanked your business manager for helping you turn $1.3 million into $20 million. What sparked you to do a successful investment and what advice do you have for artists who are trying to do the same with their money?
It was really my business manager Mark. He really was the one who helped me out a lot. He was like the “no” man to all the "yes" men. Like when it was becoming exceeding, like too much spending on cars and stuff, there was like a point where he sat me down and asked me a serious question where some people might’ve been like, "Who are you to ask me this question? Or say this to me? This is my mine."
And he was like, "Yo, what does your money do for you?" and I was like, "What are you talking about? I make this and I made that and I have this and I’m about to have this coming in," and he was like, "Aight, but when you stop doing shows, the money is just gonna sit there," and I ain't understand what he meant, so I actually got into the accident and I had no shows, so it was just like… mmmhhh, the number is not going up you know what I mean? Like I know it's a good number and it looks good but in about three weeks I’m gonna have to pay my mom's bills, my bills and this and that, you know what I mean?
So really he just made me kind of get myself involved in the investment field, like the stock field. At first it was him kind of working with me, more than working for me and he was just showing me as we went forward. Then when I got into it heavy that's when I took it upon myself to put myself in the little financial classes and the business management classes and the money classes to learn the value of the money and how the money is working.
I learned the best ways on where to put your money, where to place it and how the stocks actually work versus how people make them work and how your supposed to watch them rather than looking at the iPhone or the newspaper. When you’re going to do something, this is something you gotta be consistent with and that's really kind of one of the things that took my time in 2016, you know what I'm saying? Because I was really focused and I mean I did pretty good for myself [laughs].
People always ask me what I invest in, but I never say anything because I never wanna kill my strategy. Everybody has their own strategy and that's one of the things you learn as being an investor. My advice would be once you find your way in, stay on it because it changes very frequently and happens very quickly and $10,000 can turn into zero or $10,000 can turn into $100,000. You just gotta know when to put your money in and put your money out.
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