‘Be savvy with that’ — K.O warns against reckless spending on designer clothes
Rapper and businessman K.O has cautioned people to be extra-careful when spending their money.
Taking to Twitter, he said people needed to be savvy with their money because of an economic climate that's unfavorable.
"Man, y’all are spending way too much money on these designer brands for you to just post/wear the outfit once. Social media took the culture of ‘living for others’ to its apex. We are actually going through a global recession low-key. Be savvy with that," he wrote
Maaan y’all are spending way too much money on these designer brands for you to just post/wear the outfit once! SM took the culture of ‘living for others’ to its apex. We are actually going through a global recession low-key, be savvy with that 💰🤞🏾— K.O (@MrCashtime) May 29, 2022
Political and business leaders gathered at the World Economic Forum at Davos last week to meet against a backdrop of inflation that's at its highest level in a generation.
BusinessLIVE reported price rises have undermined consumer confidence and shaken the world's financial markets, prompting central banks, including the US Federal Reserve, to raise interest rates.
So, the rapper might be onto something.
Speaking to TshisaLIVE earlier this year, K.O opened up about the trauma left by Covid-19 and the sudden deaths of key players in the hip-hop game, which he said he poured into his single Emoyeni.
“It's a record I put together celebrating where we are going, coming out of the pandemic. It's a new year, though we are four months in, I think we need to celebrate that we are seeing the tail end of the pandemic, so to me it almost feels like a rebirth and also based on the things we are going through, especially in SA hip-hop.”
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