Kim Kardashian shared the best investment she’s ever made — and it’s one that you can make today
There’s a lot of ways to describe Kim Kardashian: socialite, reality TV star, sister, social media guru. But one label we can’t forget to ascribe to the mother of North, Saint, and Chicago? Businesswoman — and a badass one at that.
Love her or hate her, there’s no denying Kim Kardashian has built herself an empire. Whether it’s Keeping Up with the Kardashians, her cosmetics company KKW Beauty, or the Kim Kardashian: Hollywood app, Kardashian is one hardworking mama. In a recent post for Wealthsimple’s “Money Diaries” series, the famous entrepreneur opened up about learning to balance a checkbook, her spending and saving habits, and the best investment she’s ever made. Her best investment probably isn’t what you think, but it IS one that you can make right now, for free.
“Is it cheesy to just say the best investment I’ve made is I’ve invested in myself and believed in myself?” Kardashian writes. (No, Kim. Not at all.) “I’ve always had that insane drive. Like if I want something bad enough, I always figure it out. Before I used to be just like, Oh it’s luck. But I have this drive inside of me where I’m just like, okay, this is the vision that I see for us and for the family, and let’s make it happen. I mean, I always want to win, and I’ve always been like that like from the start.”
Kardashian says she often turns to her mom, Kris Jenner, for advice.
"My mom’s really smart, so I love to call her for advice all the time. I think it would be such a great book for her to write — a money book. Anytime I have a question, she'll say 'Yes, that’s a good investment. No, don’t do that. Trust me, that’s stupid. Don’t do that,' Kardashian continues. "I call the people that I respect and are super smart and get advice all the time. There’s a good family friend that I call every time I have an investment or I want to do something, and I get their opinion on it. I mean, I don’t think I can do it on my own. I’m not saying I know it all. But I definitely am a saver and more frugal."
Kardashian also wrote about her very first job.
"It was a clothing store called Body. It was honestly kind of like DASH, my clothing store. Like really cute, trendy clothes. It was right in Encino, and I used to spend every paycheck there if I didn’t have to take care of things. I loved it. I worked there for four years and helped them open up a store in Calabasas. And then I never stopped working."
She also learned important money lessons from her late father, Robert Kardashian.
"When I got money I would spend it, but my dad would always teach me to save. He’d talk to me about credit and getting a little credit card and trying to build up my credit and showing me how to really balance my checkbook. My mom does take over the reins — but my dad was very instrumental, and he always taught me about credit. He always taught me literally down to the details of how to balance a checkbook. I think they should totally teach that in school."
Kardashian is a mogul worth millions now, but she’s been supporting herself from a young age.
"[My parents] never gave me money for rent or anything. Nothing. I always was working. I never asked people for money. That was never really my thing. I always just figured it out. The way that my parents taught me was, hey, when you’re 18, you’ve seen this lifestyle, I’m sure you’re going to want to upkeep it. If you’re going to want to live this way you’re going to have to get a job."
You can read Kim Kardashian’s money story in full here. Thanks for the insights, Kim!
