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Toni Braxton Blames Oprah for her Financial Failure

by Minority Fortune

Debt millionaire Toni Braxton has been experiencing money issues since the 90s. Instead of recovering from her previous two bankruptcies, she’s foolishly places the blame in the most unthinkable, absurd place that one could put it: Oprah Winfrey. Oprah has transformed countless lives over the decades, including her very own life. Toni appeared on Oprah’s show after her first bankruptcy in 1998.
In her upcoming VH1 “Behind the Music” episode, Toni claims that Oprah was “mean” to her. Drew Reports provides the quote:

“She said, ‘I hear you have Gucci flatware; I’m Oprah Winfrey and I don’t have Gucci flatware…’ You didn’t have Gucci flatware because you didn’t wanna buy it; it’s not because you couldn’t afford it.”
Toni ended the segment, stating “And immediately she made me feel this big. That moment completely changed my career. It made people look down on me.”

Toni obviously didn’t take the opportunity to reflect on her interview with Oprah and internalize the mindset that has gotten Oprah to the billionaire status that she is at today. Oprah was telling the truth. No one needs Gucci flatware. Oprah could probably buy out the warehouse for Gucci flatware if she wanted to, but the reality is that there’s no reason to have it in the first place since the only thing it provides is a brand name and no additional function compared to regular flatware.

What Really Matters

The faster the hardly wealthy realize that the wealthy elite are known because of 1) the value they provide to the world and 2) the amount of money IN their bank account, the faster they can wake up out of their financial nightmare. Once “John John”, the flashy poppin bottles at the club, making it rain at the strip club, buying Nikes every Saturday, 20″ rims on their BMW, 2 iPhones wielding lost soul, passes away at old age, no one will care, and it’s absolutely nothing that can be placed on your obituary. Ask the anyone the net worth of the Obamas, and no one will be able to give you a definite answer. Why? It doesn’t matter. So, once again, what is that flatware and designer bag really for? Feelings of inadequacy, perhaps? If you’re not contributing daily to the goals of providing value to people and paying yourself first, then you’re not living, you’re struggling.

Toni Braxton is extremely talented. That cannot be denied, but her financial judgement is dreadful. It doesn’t matter how much money she’ll ever earn. If she has the mindset that she deserves Gucci flatware and that other people carry the blame for her financial situation, then she’ll be on her way soon to filing a third bankruptcy. There’s no one to blame, especially after being in the industry for three decades and filing bankruptcy twice. Time to look in the mirror and face the music. If Tony Robbins and Suze Orman ever start a celebrity financial bootcamp, they absolutely, positively must recruit Toni as the first client.

The key to wealth is not expecting a constant stream of income for the rest of your life. The key to wealth is adjusting your financial behavior (spending, saving, investing) based on what you are currently bringing in. Toni’s career did take a notable dip, but that should have been her cue to dramatically cut back on her lifestyle and save her coins. People get by with far less than her “financial hardships”. While on paper, her net worth probably doesn’t stand a chance against the average homeless person, she does have invaluable assets: her voice and resources. If she can’t make lemonade out of lemons with that, then she might as well give it up.

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