Scandalous star Kim Kardashian becomes a billionaire: Make money even in crisis situations!

U is heaven, how can you not be rich like this!

When thinking about Kim Kardashian West, it’s hard to picture her as a financial expert. Because she often appears in the newspapers with controversial topics or extremely sexy outfits. But in fact, her fortune, according to Forbes, has reached $1 billion in 2021.

Most of that money comes from various business and investment activities. Whether you’re an experienced investor or new to the market, there’s definitely something you can learn from this star!

1. Diversify investments

Kim Kardashian West has invested in a number of different projects, from reality series to makeup lines to her own apps. That has helped her rake in hundreds of millions of dollars since it launched in 2014.

Having different business projects not only helps her increase her income but also helps limit risks. If a project fails, she still has income from other sources.

Diversification is also key in the investment world. If you “all-in” your money on a single stock, you will be in trouble if that stock “plunges unpredictably”. By choosing 3-4 stocks, you won’t be too affected if one or two of the businesses you invest in don’t do well.

In addition, you can also diversify your investments by participating in many fields such as stocks, bonds, fund certificates, real estate or even contributing business capital. However, like stocks, experts recommend you focus on investing in 2-3 areas. Because that way, you will have time to learn about those things in depth. However, it is still possible to maintain diversification in investment.

2. Don’t let failure make you afraid of investing

Kardashian West became a star thanks to a leaked video. But, it can also be a good lesson in making the best of difficult situations. After the tape was leaked to the public, she sued the party who posted it and eventually agreed to a multimillion-dollar settlement.

She also took advantage of her newfound fame, starring in the family’s reality show Keeping Up With the Kardashians.

When you invest in the stock market, there will be losses. However, it’s important to make the most of those setbacks and avoid letting them scare you away from the stock market. The market will experience downturns and your investments will likely be affected at some point. You can invest in the wrong stocks and lose money, or make mistakes when using financial leverage.

Most people make a few mistakes when starting to learn something new. Sometimes your investments take a turn for the worse even when you do everything right. But if you learn from these mistakes and keep investing, you will eventually reap the rewards.

3. Don’t underestimate the power of brand recognition

Kim K. is one of the most recognizable celebrities in the world, and she’s used that to her advantage. This star currently has 294 million followers on Instagram. She is said to earn between 8-14 billion for each sponsored post on this platform. Those successes are because she spent many years building her personal brand.

Brand recognition is also an important factor to consider when investing. Some companies are considered “guaranteed” when investing in. That is, even if the profit is not too high, investing in such stocks rarely incurs losses in the long term or a business cycle.

Of course, finding companies that are on the rise and have incredible growth in stock value can lead to higher returns. However, it is difficult to manage risks when investing like that. Or more simply, you can choose a stock with “brand recognition”, and a stock with higher risk so that even if the loss is not too much.

No matter how experienced an investor you are, there is always more to learn. Sometimes, lessons from a reality star can be incredibly helpful.