Released: March 12, 2007

Financial advice at the Hip Hop Summit

Source: Mindy Fetterman and Priyanka Dayal, USA Today

Bun B held up his silver chain to show off the 4-inch-square, diamond-encrusted “B” hanging at the end. It flashed in the spotlight. “If you’re gonna buy a chain for $30,000, be sure it’s not the only $30,000 you have.”

Good advice.

Bun B, who started duo UGK in 1987 with his friend Pimp C (before Pimp C went to jail and was later released), is part of a nationwide tour of hip-hop recording artists who are using their fame to draw young African-American and Hispanic fans to hear tales of the financial mistakes they’ve made and the lessons they’ve learned.

Between swapping stories about blowing money, the artists gave financial advice to a packed auditorium at Texas Southern University last weekend. Despite the difference in tone and sometimes language, their advice was what you’d get from Merrill Lynch. Just more colorful.

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