How Malik Yoba 'Keeps It Rich'

Actor Malik Yoba breaks down the best ways to maintain wealth.

How to "Keep it Rich" - Malik Yoba sat down with “Keeping it Rich” host Sakina to tell us how he manages his wealth.

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How to "Keep it Rich" - Malik Yoba sat down with “Keeping it Rich” host Sakina to tell us how he manages his wealth.

Live on a Budget - While the actor admits that he does indulge in clothing, travel and food from time to time, he also believes creating and, most importantly, abiding by a budget is key to maintaining wealth.

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Live on a Budget - While the actor admits that he does indulge in clothing, travel and food from time to time, he also believes creating and, most importantly, abiding by a budget is key to maintaining wealth.

Save - In general, Yoba agrees that it’s a good idea to save about 10 to 15 percent of your income.

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Save - In general, Yoba agrees that it’s a good idea to save about 10 to 15 percent of your income.

The Middle Man - Yoba revealed he is determined not to ever end up like Chuck Berry or other artists who’ve gone broke. He received a valuable piece of advice from a financial adviser early on in his “New York Undercover” days. He said, "Don’t do too much, don’t do too little. Do what you need to do to stay in the middle."

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The Middle Man - Yoba revealed he is determined not to ever end up like Chuck Berry or other artists who’ve gone broke. He received a valuable piece of advice from a financial adviser early on in his “New York Undercover” days. He said, "Don’t do too much, don’t do too little. Do what you need to do to stay in the middle."

Keep Focus - Yoba also agrees with Sakina that hiring help can assist in keeping you focused on what YOU need to do. Housekeepers, cooks, security, financial planners and lawyers were all on Yoba’s list of hired help.

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Keep Focus - Yoba also agrees with Sakina that hiring help can assist in keeping you focused on what YOU need to do. Housekeepers, cooks, security, financial planners and lawyers were all on Yoba’s list of hired help.

Use a Debit Card - When it comes to using plastic, the actor just says NO to credit cards, and exclusively uses debit. The fancy-colored cards, like the Black card, don’t impress him anymore. “When I see people pull out a Black card, that just tells me you spend a quarter-million dollars a year on your credit card bill.”

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Use a Debit Card - When it comes to using plastic, the actor just says NO to credit cards, and exclusively uses debit. The fancy-colored cards, like the Black card, don’t impress him anymore. “When I see people pull out a Black card, that just tells me you spend a quarter-million dollars a year on your credit card bill.”