Latest / Anele and the Club on 947 / What is your policy around loaning money to family? Cardi B says she used to spend $3 million a month on 'family tax'

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What is your policy around loaning money to family? Cardi B says she used to spend $3 million a month on 'family tax' · Anele and the Club on 947

• 0:00
  Speaker 1: Wake up with a bang.
• 0:02
  Speaker 2: Hey, wake up!
• 0:03
  Speaker 3: Anele and the club on 947. So you know Cardi B?
• 0:07
  Speaker 3: Cardi body?
• 0:08
  Speaker 4: Yeah.
• 0:10
  Speaker 3: She's easily one of the most honest celebrities. The whole PR,
• 0:14
  Speaker 3: I'm going to say the right thing at the right time. Oh,
• 0:16
  Speaker 3: she missed that class.
• 0:17
  Speaker 1: No, she doesn't do it. She speaks her mind, right?
• 0:19
  Speaker 3: And this is why people love her. She's just so
• 0:22
  Speaker 3: endearing because she calls it out as it is. If
• 0:24
  Speaker 3: you're still like, which one is Cardi B? This one
• 0:26
  Speaker 3: is Cardi B. Sir, how you doing? And we're going
• 0:35
  Speaker 3: to stop it there because she's also known to throw
• 0:39
  Speaker 3: a few F-bombs left, right and center. And I don't
• 0:41
  Speaker 3: know if that's the edited version. So Cardi B, she's
• 0:45
  Speaker 3: wildly successful. She's a rapper. You know, she did work
• 0:49
  Speaker 3: in an exotic club. That is her background. But she's
• 0:52
  Speaker 3: a rapper and literally right up there with the Queen Latifahs, Lil' Kims.
• 0:56
  Speaker 1: Famous, famous.
• 0:57
  Speaker 3: Nicki Minaj is right. I came across this video of
• 0:59
  Speaker 3: hers where she was talking about how because she's so
• 1:02
  Speaker 3: successful and because she's so financially successful, it's kind of
• 1:05
  Speaker 3: like become a thing in her family, extended family, extended,
• 1:09
  Speaker 3: extended family, extended family of the extended family that if
• 1:12
  Speaker 3: anybody's going through financial issues, you go to Cardi B.
• 1:15
  Speaker 1: The bank.
• 1:17
  Speaker 5: Last year, you were spending like $ 3 million a month
• 1:20
  Speaker 5: on keeping Cardi B and the family going.
• 1:23
  Speaker 3: Was that true?
• 1:24
  Speaker 1: Yes.
• 1:25
  Speaker 6: Like it's like so many, it will be like a
• 1:27
  Speaker 6: month that is like, wow, I spent so much money.
• 1:30
  Speaker 6: But then some months are like lower than others. And
• 1:32
  Speaker 6: I'm not feeling bad for people anymore. Like it's like, hey, listen,
• 1:35
  Speaker 6: you're taking advantage too much.
• 1:37
  Speaker 3: You got to go.
• 1:39
  Speaker 6: I already, I feel like I already set boundaries with
• 1:41
  Speaker 6: my family already. You could ask me or what type
• 1:44
  Speaker 6: of situation you could ask me. I helped you move
• 1:46
  Speaker 6: like five times.
• 1:48
  Speaker 1: Settle.
• 1:49
  Speaker 3: So she'll loan you money five times or she'll give
• 1:52
  Speaker 3: you money five times as a family. But the fifth
• 1:57
  Speaker 3: time is the last time.
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  Speaker 2: Five times?
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  Speaker 3: Basically what you're saying, the B in Cardi B doesn't
• 2:02
  Speaker 3: stand for bank.
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  Speaker 1: Right.
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  Speaker 3: After five times.
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  Speaker 2: Is that a lot?
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  Speaker 3: Yes.
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  Speaker 1: I feel like if you're learning, well, the same person
• 2:11
  Speaker 1: five times, that's quite a bit of money. That's quite
• 2:14
  Speaker 1: a few times, I think. But then having said that,
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  Speaker 1: if you're family, right, I don't think is there a limit, right?
• 2:21
  Speaker 1: Because she's saying, so for family, it's five. She doesn't
• 2:24
  Speaker 1: say for normal people. Let's say just average people that
• 2:26
  Speaker 1: she knows. Friends. Do friends also get five? Five chances
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  Speaker 1: to loan money.
• 2:33
  Speaker 3: 011-8838-947-084-0000947. The one thing about money is that we all
• 2:40
  Speaker 3: have a personal relationship with it. So we want to
• 2:42
  Speaker 3: know what is your personal policy when it comes to
• 2:46
  Speaker 3: loaning family money?
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  Speaker 1: Specifically family.
• 2:48
  Speaker 3: I think specifically family because I don't think Cardi B
• 2:51
  Speaker 3: is loaning a friend money five times.
• 2:53
  Speaker 1: Right.
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  Speaker 7: Also, you guys are fuddy. My approach is simple. I
• 2:58
  Speaker 7: will never lend you money that I couldn't survive without.
• 3:01
  Speaker 7: But also you look at who's making the request. You go,
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  Speaker 7: I know you won't have 5,000 rand in a month
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  Speaker 7: to pay me back. So realistically, I know this is
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  Speaker 7: a write-off as I make the decision. But if the
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  Speaker 7: agreement or the arrangement is that you were going to
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  Speaker 7: pay back the money and you don't, and you never
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  Speaker 7: explain why you've not been able to pay, I'll never
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  Speaker 7: lend you money again.
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  Speaker 3: I'm... I like it when family doesn't pay me back
• 3:27
  Speaker 3: because it means you never can come.
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  Speaker 2: To me again.
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  Speaker 1: Oh, so for you it's one and done. If you
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  Speaker 1: don't pay me back, then you can't come again.
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  Speaker 3: And that's absolutely it because even yourself now, just your
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  Speaker 3: own pride and dignity, to have to pick up the
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  Speaker 3: phone to call the person that you owe money already
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  Speaker 3: and ask for money again.
• 3:44
  Speaker 1: But here's the thing, right? So I think, like you're saying,
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  Speaker 1: you are thinking people have that scum. They won't come again.
• 3:51
  Speaker 1: But I think family might come again. But if they
• 3:54
  Speaker 1: do pay you back, are you quick to lend again?
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  Speaker 3: Yes, especially if somebody's time is... If.
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  Speaker 2: They're not time is.
• 4:01
  Speaker 5: No.
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  Speaker 3: So if you lend them, let's say, 10K and it
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  Speaker 3: takes them.
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  Speaker 1: They say, I'll pay you back in three months and
• 4:07
  Speaker 1: it takes maybe six to a year.
• 4:09
  Speaker 3: To me, it's all about communication, right? I don't expect
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  Speaker 3: you to turn into 10,000 rand. You're a human being,
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  Speaker 3: flesh and blood.
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  Speaker 2: You're not money.
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  Speaker 3: So you can't swish around and then you turn into
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  Speaker 3: 10,000 rand. But I can't have to call you to
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  Speaker 3: ask you where my money is. If you are good
• 4:24
  Speaker 3: with communication, like going to the date that you said,
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  Speaker 3: you're going to pay me back this money. You're like, listen,
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  Speaker 3: I was sure I was going to be able to
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  Speaker 3: pay you back. But actually, I'm still in a pickle.
• 4:32
  Speaker 3: I'm still in a bind. I only envisage being able
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  Speaker 3: to settle this in three or six months time. That's fine.
• 4:39
  Speaker 3: Then you and I are in a rhythm. I'm like, okay,
• 4:40
  Speaker 3: I got you. You keep quiet. You I must dig for.
• 4:44
  Speaker 3: You I must start using words on. You I must
• 4:47
  Speaker 3: now like rock up there with a bat to be like, hey, yo,
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  Speaker 3: what's good? You're never getting another cent from me. You
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  Speaker 3: can't turn me into a debt collector.
• 4:56
  Speaker 1: Have you often lent your family money?
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  Speaker 3: Yes.
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  Speaker 1: Like different family members?
• 5:01
  Speaker 3: Yes.
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  Speaker 1: Extended family members?
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  Speaker 3: Yes. Are there people who still owe you? Yes. Yes.
• 5:07
  Speaker 3: I'll go get your cash. What are we talking about?
• 5:08
  Speaker 2: I'll take 10%. You need to go.
• 5:10
  Speaker 3: To Western Cape. And you know what annoys me about
• 5:13
  Speaker 3: this one that owes me my.
• 5:15
  Speaker 2: Uh-huh. Okay, let it out.
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  Speaker 3: No, go girl.
• 5:18
  Speaker 2: We're all here.
• 5:20
  Speaker 3: Let's purge. We're all here. Go for it.
• 5:23
  Speaker 2: 0840000947.
• 5:24
  Speaker 3: Don't hold back. Send us a voice note. Cardi B
• 5:27
  Speaker 3: says she'll lend the same family member money five times.
• 5:31
  Speaker 3: And then that's it. Okay, 011-8838-947, on your way to
• 5:36
  Speaker 3: the voting station, on your way back from the voting station,
• 5:39
  Speaker 3: on your way to work. What is your personal policy?
• 5:43
  Speaker 1: Yeah, when it comes to family and lending someone in
• 5:46
  Speaker 1: your family money.
• 5:47
  Speaker 3: Yeah, what is your personal policy? And I think if
• 5:50
  Speaker 3: you feel like you've found the way and it's foolproof
• 5:52
  Speaker 3: for you, you have to share it with us because
• 5:54
  Speaker 3: there's somebody listening right now who actually needs to cement
• 5:57
  Speaker 3: their family lending money policies.
• 6:00
  Speaker 4: Right.
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  Speaker 1: Because I believe family lending is the highest form of
• 6:03
  Speaker 1: lending because there's so much other stuff involved.
• 6:07
  Speaker 3: Yes, because I have to now watch you do other
• 6:08
  Speaker 3: things with money.
• 6:09
  Speaker 1: Well, we're blood relation, right? We're going to see each
• 6:12
  Speaker 1: other at Christmas. We're going to see each other. We
• 6:15
  Speaker 1: can't divorce from each other. We are family, family.
• 6:17
  Speaker 7: And if we fall out, then your mother's upset. And
• 6:20
  Speaker 7: then my father's upset because he's your mother's sibling.
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  Speaker 1: It's a whole other thing.
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  Speaker 3: I've actually experienced a family raising money to pay debt
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  Speaker 3: back on behalf of their firstborn son because he had
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  Speaker 3: just loaned money from so many people and dug such
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  Speaker 3: a hole and it was reputational damage to the family
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  Speaker 3: that the family raised the money and they went around
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  Speaker 3: paying everyone back.
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  Speaker 1: See, highest level.
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  Speaker 3: You see now, highest level. Talk to us. What is
• 6:44
  Speaker 3: your personal policy when it comes to loaning money to family?
• 6:49
  Speaker 5: Last year, you were spending like $ 3 million a month
• 6:52
  Speaker 5: on keeping Cardi B and the family going.
• 6:55
  Speaker 3: Was that true? Yes.
• 6:56
  Speaker 6: Like it's like so many. It will be like a
• 6:59
  Speaker 6: month that is like, wow, I spent so much money.
• 7:02
  Speaker 6: But then some months are like lower than others. And
• 7:04
  Speaker 6: I'm not feeling bad for people anymore. Like it's like, hey, listen.
• 7:07
  Speaker 6: You're taking advantage too much.
• 7:09
  Speaker 3: You got to go.
• 7:10
  Speaker 6: I feel like I already set boundaries with my family already.
• 7:14
  Speaker 6: You could ask me or what type of situation you
• 7:16
  Speaker 6: could ask me. I helped you move like five times.
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  Speaker 1: Settle.
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  Speaker 2: Five times is a lot though.
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  Speaker 1: That's a lot of times.
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  Speaker 3: That's a long rope of boundaries.
• 7:27
  Speaker 1: Yeah, but the point is that if it's family, like
• 7:29
  Speaker 1: I say, they're going to be with you, right? So
• 7:31
  Speaker 1: five times sounds like a lot, but over 40 years.
• 7:34
  Speaker 3: I just think after the third time, you also just like, okay,
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  Speaker 3: so what are we doing to make sure that we're
• 7:40
  Speaker 3: not in the situation again?
• 7:41
  Speaker 1: Yeah.
• 7:42
  Speaker 3: Because the truth of the matter is most of the
• 7:43
  Speaker 3: time people are asking you for rent. If they don't
• 7:45
  Speaker 3: have a place to stay, where are they going to stay?
• 7:47
  Speaker 1: Exactly.
• 7:48
  Speaker 3: They're going to find one of the many Cardi B
• 7:49
  Speaker 3: mansions that are all over the world, right? So I
• 7:52
  Speaker 3: think that's, I think she's paying so much. Dude, I
• 7:55
  Speaker 3: listened to this podcast. She says there is a month
• 7:58
  Speaker 3: where family obligation cost her $ 3 million. Oh no.
• 8:02
  Speaker 7: Shit.
• 8:04
  Speaker 3: So I also think people around you have got like
• 8:06
  Speaker 3: these expensive standards and high standards because they know that
• 8:09
  Speaker 3: they have, you know, a successful person amongst them. But
• 8:13
  Speaker 3: ask MC Hammer how that ends up.
• 8:15
  Speaker 7: It's an abuse of people's kindness.
• 8:17
  Speaker 2: Because that's also what happens, right?
• 8:18
  Speaker 7: If people know you have a bleeding heart, then, oh,
• 8:21
  Speaker 7: if you say, oh, I need a hundred grand, everyone goes, well,
• 8:23
  Speaker 7: us indeed.
• 8:24
  Speaker 2: She will always help. And then someone else comes and says, oh, I.
• 8:27
  Speaker 1: Need 500 grand.
• 8:27
  Speaker 2: And before you know it, it adds up to that million.
• 8:30
  Speaker 3: Good morning.
• 8:32
  Speaker 4: Good morning, how are you guys?
• 8:33
  Speaker 2: We are great, Gagiso.
• 8:34
  Speaker 3: How are you?
• 8:35
  Speaker 4: I'm perfect.
• 8:37
  Speaker 3: Talk to me, Gagiso. Where are you voting today? Which
• 8:39
  Speaker 3: voting station are you registered at?
• 8:41
  Speaker 4: I'm at Eastdale. It's in the East End.
• 8:47
  Speaker 1: Eastdale.
• 8:48
  Speaker 3: Okay, and what time do you think you're going to
• 8:49
  Speaker 3: go over there and make your mark? Make your mark.
• 8:52
  Speaker 4: Just about nine o'clock.
• 8:53
  Speaker 3: Okay, cool.
• 8:54
  Speaker 7: All right.
• 8:55
  Speaker 3: Okay, so you're staying with us until nine o'clock and
• 8:57
  Speaker 3: then off you go to vote. Gagiso, loaning family money.
• 9:01
  Speaker 3: What's your personal policy?
• 9:03
  Speaker 1: I do not do that.
• 9:04
  Speaker 4: And if I don't have it, I'm not going to
• 9:07
  Speaker 4: borrow you money.
• 9:07
  Speaker 3: That's hilarious. He says that.
• 9:09
  Speaker 4: Don't have it. I'm just the same as you.
• 9:11
  Speaker 3: I'm the same as you. Even me, I don't have it.
• 9:13
  Speaker 1: There's nothing to loan you.
• 9:14
  Speaker 3: You and me, let's go and find it together.
• 9:16
  Speaker 7: I once borrowed someone money back in high school.
• 9:22
  Speaker 4: I think I was trying to transfer. There was a
• 9:23
  Speaker 4: lot of money back then. So today I haven't gotten
• 9:26
  Speaker 4: that money back.
• 9:27
  Speaker 2: And I decided from there on.
• 9:28
  Speaker 4: No one is getting my money and I'm.
• 9:30
  Speaker 2: Not going to ask anyone for their money.
• 9:32
  Speaker 4: So I'm the same as you. Everybody knows if you
• 9:34
  Speaker 4: come to me, I'm the same as you. I also
• 9:36
  Speaker 4: don't have it.
• 9:36
  Speaker 1: I want it.
• 9:38
  Speaker 3: Yeah, actually, a really wealthy man once taught me that trick.
• 9:41
  Speaker 3: So when somebody comes to you to loan money, let's
• 9:43
  Speaker 3: say somebody comes and they say, Oh, I need 20,000.
• 9:46
  Speaker 3: It's like, you see, they're coming to you with their monkey.
• 9:49
  Speaker 3: By the time they leave, they must leave with their
• 9:50
  Speaker 3: monkey and your monkey.
• 9:52
  Speaker 1: Wow.
• 9:52
  Speaker 2: Because when you.
• 9:53
  Speaker 3: Come to them and say, hey, I need 20 000
• 9:55
  Speaker 3: you must say i'm so glad you're here because i
• 9:57
  Speaker 3: need a hundred thousand so wherever you find the 20
• 10:01
  Speaker 3: please let me know lead me in that direction so
• 10:05
  Speaker 3: that i go there i learned a.
• 10:08
  Speaker 7: Trick from a friend as soon as someone starts relaying
• 10:10
  Speaker 7: their problem oh your first question must be so what
• 10:13
  Speaker 7: are you gonna do because i'm removing it from me
• 10:16
  Speaker 7: now so i shame oh bad situation So what are
• 10:18
  Speaker 7: you going to do?
• 10:19
  Speaker 2: Who are you going to turn to? I'm already saying,
• 10:21
  Speaker 2: don't look in my direction.
• 10:22
  Speaker 3: Don't even start. Mbuzi in Oliphant Fontaine. Good morning.
• 10:26
  Speaker 4: Good morning.
• 10:27
  Speaker 3: How are you, Mbuzi? I'm amazing. How are you guys doing?
• 10:30
  Speaker 3: You are amazing. Love it for you. Where are you
• 10:32
  Speaker 3: voting today? Where are you registered?
• 10:33
  Speaker 4: Oliphant Fontaine. I'm actually on my way there.
• 10:37
  Speaker 3: There you go. Go do it. Okay, Mbuzi, talk to us. Family, money, policy.
• 10:42
  Speaker 3: What's your plan?
• 10:44
  Speaker 4: So here's my thing. I'm that Gen Z who was
• 10:47
  Speaker 4: deemed lazy. I don't want to do anything. And no
• 10:50
  Speaker 4: one was able to borrow me money, give me toiletries
• 10:53
  Speaker 4: or whatever. Now that I've got international clients and everything
• 10:57
  Speaker 4: is up, getting paid bi-weekly, I don't know what a
• 10:59
  Speaker 4: mambara week is.
• 11:00
  Speaker 1: Now I'm a tough.
• 11:01
  Speaker 4: I say no, I don't do that. I'm sorry.
• 11:04
  Speaker 3: Okay, so when you were down in the dumps, the
• 11:06
  Speaker 3: people who were helping you, those are the people you help.
• 11:09
  Speaker 3: But everybody else, you're just like, I can't see you.
• 11:13
  Speaker 4: Funny enough, those people are my friends but my family
• 11:16
  Speaker 4: they would never see me and I would be like
• 11:18
  Speaker 4: a burden to them and now that I'm out they
• 11:20
  Speaker 4: are expecting me to contribute family reunion pay this and
• 11:23
  Speaker 4: I don't at all nothing.
• 11:26
  Speaker 2: And you earn in dollars, no? Earning twice a month.
• 11:29
  Speaker 2: If you work for an American.
• 11:31
  Speaker 1: Company, you get paid twice. Yes. Oh, how do we
• 11:33
  Speaker 1: do this?
• 11:34
  Speaker 2: What?
• 11:36
  Speaker 3: Oh, say, can you see?
• 11:38
  Speaker 2: I always found it like around this time.
• 11:40
  Speaker 1: I'm always due another check.
• 11:42
  Speaker 3: Do I have to talk like this? Do I have
• 11:44
  Speaker 3: to have an American accent?
• 11:45
  Speaker 2: What's his name? Is he single? I'll marry into the
• 11:47
  Speaker 2: family for money.
• 11:48
  Speaker 3: Brilliant.
• 11:49
  Speaker 1: Brilliant.
• 11:51
  Speaker 3: Buzi, thanks for the call and enjoy the voting. If
• 11:54
  Speaker 3: you can, send us a voice note. Let us know
• 11:55
  Speaker 3: what the lines look like. Say, this is the station
• 11:57
  Speaker 3: that I'm at. This is the lines.
• 11:59
  Speaker 1: Bye, guys.
• 12:00
  Speaker 3: Come on, guys. Be the EWN reporters on the ground
• 12:03
  Speaker 3: for us. If you are at a voting station, actually
• 12:05
  Speaker 3: send us a voice note. Let us know which one
• 12:07
  Speaker 3: are you at? What are the lines looking like?
• 12:09
  Speaker 1: What's the queue? How long do you think? Is it
• 12:10
  Speaker 1: moving quickly?
• 12:11
  Speaker 3: How long did you take if you voted already? Be
• 12:13
  Speaker 3: our reporters on the ground. Send those voice notes right
• 12:16
  Speaker 3: now to 084-00-00-947. Take it. Back to making your morning.
• 12:23
  Speaker 3: And Nelly and the club.
• 12:25
  Speaker 5: I love this show.
• 12:26
  Speaker 3: On 947.