I wasted my first earnings from music – Don Jazzy

Veteran record producer Don Jazzy, also known as Michael Collins Ajereh, admitted to spending his initial earnings from the music industry on non-essential items rather than making prudent financial decisions. In a recent podcast episode, the musician disclosed that he later recognized his mistake and began investing his later earnings, particularly into emerging artists.

Jazzy revealed that due to his investments in record labels and other ventures, he no longer needs to work. He urged young people to prioritize investing as soon as they start earning, instead of squandering money on trivial pursuits. He recalled, "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.'"