Duff McKagan Creates Financial Firm
A lot of rock stars go broke in their later years in life after making millions, but don’t put Velvet Revolver’s Duff McKagan in that boat. The bassist learned not to squander his fortunes early on in his career and hopes to teach that lesson to new musicians by starting a financial planning firm.
Digital Spy reports (via Spinner) that McKagan learned to be more financially responsible after his pancreas ruptured in 1994 while living hard during his Guns N’ Roses days. It may not appear so, but McKagan knows his stuff. The rocker took finance classes at Santa Monica Community College and Seattle University’s Albers School of Business.
“I’m not a financial planner – I was just trying to figure this out for myself,” McKagan said. ”I didn’t want to be 60 years old and broke, having made all this money in my 20s… that was my simple goal.”
McKagan has started Meridian Rock, along with British investor Andy Bottomley, to help other musicians with their finances.
Would YOU trust Duff McKagan with your money? For me, it would be between McKagan and Wu-Tang Financial. Watch the NSFW video below to see what I mean.