Gabrielle Union recently opened up about the “stupid” purchase she made with her first big paycheck. The actress shared the story during a panel at the American Black Film Festival in Miami on 12 June.
The actress, revealed that despite her father’s advice, she bought a brand-new car as a symbol of her success.
GABRIELLE UNION’S FIRST PURCHASE
“I walked into Mazda and I bought myself a black on black Mazda Miata with leather seats,” Union said. “Lemme tell you about leather seats in Los Angeles. Do you know I scorched myself every time I got out?
Yeah, that was my first purchase. And it depreciated the second I drove it off the lot!”
Her father had warned her against buying a new car because it loses value immediately, but she went ahead anyway, feeling she had “made it” with a Mazda, according to Page Six.
GABRIELLE UNION ON MONEY MANAGEMENT
Gabrielle Union’s story resonates with many young professionals who feel the urge to celebrate their first financial success with a big purchase. Only to learn valuable lessons about money management.
She has since become more mindful about finances. Union and her husband, former NBA star Dwyane Wade, have been open about their financial partnership.
They split their household bills evenly but also have a prenuptial agreement to protect their individual wealth. This reflects a modern approach to financial independence and shared responsibility.
PROTECTING YOUR ASSETS
Wade explained, “My wife, Gabrielle Union, is a working actress who spends time away from the family to go work, build. There are some things I pick up versus some things she picks up but she does some, I do some.”
He also noted the importance of protecting assets, saying, “You’re a millionaire, you got money. You work hard for yourself”.
GABRIELLE UNION’S LESSON
Gabrielle Union’s candid reflection offers a useful lesson for South Africans navigating their own financial journeys. Celebrate your achievements, but be wise with your money.
As Union learned, some purchases can be “so stupid” but are part of the learning curve towards financial savvy.
Her story also underscores the value of financial communication and planning within partnerships, a relevant message for many households today.
HAVE YOU EVER MADE A PURCHASE YOU LATER REGRETTED?
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