Her accountants once begged her to stop saving and start spending.
MONEY: Your new book, Perfect Is Boring, is all about lessons you’ve learned from your mom. What did she teach you about money?
TYRA BANKS: My mom explained to me the importance of real estate and that typically in Los Angeles it’s going to appreciate. While a lot of models were partying it up, going shopping and buying a closet of designer clothes, and staying at the top hotels, I was at the Double- Tree or Embassy Suites, saving my money. I bought a house at 20 years old.
When did you start becoming really diligent about saving and investing?
This story is from the June - July 2018 edition of Money.
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This story is from the June - July 2018 edition of Money.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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