Slim Thug might not be the first person one thinks of when thinking of long-term finances, but the Houston rapper’s cautionary tale might provide some much-needed insight to investors and homeowners. Slim Thug penned a column for the New York Times‘ “Your Money” op-ed section, detailing how a failed romance morphed into him losing $200,000.
The piece from the 34-year-old Boss Hogg Outlaw opened up noting the old adage about the harm in mixing business with pleasure. From there, Slim Thug shares how his big loss came to be by way of trying to sell his five-bedroom home in Houston and make a quick come up financially. After locating a real estate agent to work with, Thugga took things a step too far after the pair began casually dating.
More from the Times:
It didn’t take long to find an agent, and over time we became very close. In fact, we became too close and found ourselves at a point where pleasure became more important than business.
The result was hurt feelings, mixed emotions and resentment, and once feelings are involved, business takes a back seat. After the end of our personal relationship, the deadline expired for taking advantage of the short-sale program. I ended up in foreclosure. So not only did I lose out on money from a potential sale, but I ruined my credit as well. I’ve suffered financially from not being able to do business in my own name and probably lost around $200,000 directly and indirectly through my mistake.
Hear that, rappers? Keep your situation tight by not putting heat to your real estate agent, business partners or anyone that can sink the ship. Slim Thug went through that so you wouldn’t have to go through that.
[h/t The Smoking Section]
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