We give her the name “Stay a Check” Palmer.” The multi-hyphenated woman, who has the roles of actor, singer, media mogul, and new mother, wasn’t always successful.
“I felt like a white man in his 60s who is no more the CEO of a significant business.”
At a younger age, Palmer, a child actor, became aware of economic literacy. At the age of 14, she tells POPSUGAR, her kids set her up with a firm manager. However, it wasn’t until she was about 18 when her Nickelodeon sitcom, “True Jackson, VP” ended when she realized her “attachment to money” wasn’t “healthy.” She describes her experience as “a white man, 60 years old, no longer the CEO of a big corporation.” I felt as though my personality was shattered. Money was never a problem for me, even though I was always very effective, and then it was again that money was a problem.
She came to the realization that wealth may be “fleeting,” and the experience spurred her to become serious about investing and diversifying her portfolio. “I started to get really anxious and worried about how to keep [that money],” he said, “just being young and knowing I’m not going to be fresh always and working at the stage I’m working at.” In line with Taraji P. Henson’s popular interview where the actor discussed pay disparity in Hollywood, she believes many revenue streams are needed for a powerful entertainment career, which she has previously discussed.
And while distributing her economic assets undoubtedly made it easier for her to feel “more intelligent and much more free,” her attitude toward money is still evolving as a mother. Since welcoming her one-year-old child Leodis and ex-boyfriend Darius Jackson, Palmer has reevaluate how she wants to invest her money.
She says, “For me, everything is some sort of bargain, but I’m always thinking about things I can keep for my child or that I can make money off of. When you have a child, you start thinking about desires, but I’ve been much more into real house.” Palmer and her brother now reside in a single home with Palmer’s girl and her three kids. So I’m always like, “What can I leave behind?” What am I able to share? What steps can I take to maintain our title? How can we have items that will enhance rather than decrease in value for a long time?
Palmer recently collaborated with Cash App to introduce the company’s new Glitter Card, a debit card with no hidden costs and as someone who has long been open about her economical trip. How does my passport generate revenue for me, she inquired right away? How does my card truly be of service to me”? She explains that the card includes no overdraft charge and instant discounts at a variety of retailers, which “is always a plus because sometimes we just be charging up and we do n’t really think about it too much.”
The investor enjoys the card’s customizable options in addition to its visible advantages. She says, “I don’t think we realize how much we care about aesthetics in our lives. Because you get to make it your own, I believe that [people are] going to have a lot of fun with this card, myself included.” Glitter Card holders does add stickers, designs, and passports to their cards.
Palmer isn’t a stranger to swiping her card for a shopping spree every now and then, even though it’s true that creating wealth is important to her. She does “to damned much” on Farfetch in particular, spending money on designer goods from companies like Yves Saint Laurent and Jacquemus. She also resists purchasing “little clothes” for Leo since, as she puts it, “We have to offer appearances.”
She is excited about giving up and assisting in promoting economic wellbeing in underserved communities because she has been able to achieve financial freedom and security for herself. We can only be as powerful as our weakest link, she says. I want to discover our economy continue to expand as a nation and our ability to sustain ourselves. So we need to start thinking about how to impart more financial knowledge and economic education so that people can understand how cash works, where it comes from, and how we’re doing it. She wants to reach poor communities in certain and inner cities.
In the end, she draws attention to the importance of financial education as a common policy issue. Over the years, Palmer has learned a bit about wealth, including credit cards, pocketbook, and opportunities. However, she has learned that “where you live counts” is the most crucial lesson.
“To make it all about election, you have to pay attention to where we live, what we’re voting for, and what matters to us in all our communities,” she says. “Where you live matters in terms of how much cash you can save, stay, participate, and put in the right places,” she says. That all comes down to us being aware of what matters to us, who we are giving to, and what we value in terms of our obligations.