The Kardashian-Jenner family is a socialite family that has a strong influence in Hollywood. They are known to be quite controversial, but it cannot be denied that Kris Jenner’s children have succeeded in achieving success in the business world. Kim Kardashian is the founder of SKIMS, Kourtney is the founder of Poosh, while Khloe is the owner of Good American.
Likewise, Kendall Jenner is successful in the modeling world and is also the founder of 818. The youngest member, Kylie Jenner, managed to achieve success from an early age by releasing Kylie Cosmetic beauty products. Kylie has also successfully launched skincare products and her newest clothing line, KHY.
The key to the Kardashian-Jenner’s success cannot be separated from the ability to take advantage of situations to make money. Not only that, this socialite family also has financial tips that we need to learn. Keep Scrolling, Beauties.
Balancing Finances
Kardashian-Jenner Family/ Photo : instagram.com/kardashiankloset
Kardashian-jenner is synonymous with glamorous and luxurious life. Luxurious houses, expensive cars and collections of fashion items from well-known brands are common things seen in the life of this Hollywood socialite. Not only do they like luxury, The Kardashians are a family that is quite hard at work and also saves.
“I like spending money but I also like working hard and saving. “I think it’s very important to build for the future and make sure that you don’t overindulge all the time,” Kim Kardashian told Business Insider.
This 43 year old woman also suggests learning about simple financial management. This consists of recording expenses, income and savings. The aim of this is to keep finances in balance and not drain savings.
Making a Contract
Financial tips from the Kardashian-Jenner/Photo: Instagram/kimkardashian
In her interview with Business Insider, Kim Kardashian reminded her to make contracts on various things. Including business relationships with family members and himself. Yep, Kim will make a contract with herself if she works as a model for her brand.
Making contracts aims to protect rights and obligations so as not to cause conflicts in the future. Kanye West’s ex-wife said that this was advice from her father when she was 16 years old.
“I worked in a clothing store for four years. I love it. “When I was 16 years old, my father made me sign a contract, he made us sign a contract for everything, even if I crashed my car, I would be responsible for paying for it,” said Kim.
Taking Advantage of the Situation
Financial tips from the Kardashian-Jenner/Photo: Instagram/kimkardashian
This family always manages to take advantage of various situations to make them profitable. Even detrimental things can be turned into income. Remember the news about Kylie Jenner’s lip shape change? This can be used to launch the Kylie Cosmetic lipstick brand which makes the youngest child of this socialite clan a successful entrepreneur.
Kim Kardashian also told Variety that she took advantage of the spotlight she got from The Keeping Up with Kardashian on the business she and Khloe and Kourtney run.
“When the opportunity arose for our TV show, I wanted to do it to draw attention to our store (DASH, which she opened with her sister),” Kardashian said.
Invest in Yourself
Financial tips from the Kardashian-Jenner/Photo: Instagram/kimkardashian
Reality shows, the cosmetics business, skincare, fashion, wellness, and games are the sources of money for this Hollywood socialite family. The Kardashian-Jenner family invests their money in various fields. Not because this family is inconsistent, but to avoid the risk of failure in one area.
It would be inaccurate to say that the key to this family’s success is diversifying investments (investing in various fields). The success of this family is thanks to the abilities and knowledge possessed by the members of this clan. Kim Kardashian tells Bustle that the best investment is an investment in yourself.
“Is it cheesy to say that the best investment I ever made was me investing in myself and believing in myself?” asked Kendall Jenner’s sister.
Learn from mistakes
Financial tips from the Kardashian-Jenner/Photo: Instagram/kimkardashian
Everyone makes mistakes, including financial mistakes. The Kardashian-Jenner family is no exception to this error. However, when Kim Kardashian made a mistake, she said that instead of just being sad, she would learn more about the cause of the mistake she made. This can be a valuable lesson so as not to repeat the same thing.
“If you make bad financial decisions, that will also teach you,” Kim said.
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