Sound Financial Advice From Ageing Rock Stars

We asked long-in-the-tooth hellraisers about the best way to avoid total monetary meltdown

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Gene Simmons (KISS)

"Drugs and alcohol and cigarettes won’t help you get rich, unless you’re running a drug cartel and never get caught. Getting rid of your loser friends isn’t nice, but it’s a good piece of advice. If your friend just wants to go to the pub and drink, get rid of that loser and start hanging out with people who don’t want to do that kind of thing. Make a distinction between upwardly mobile people and friends. Go down to the pub and hang out and have fun, but that ain’t business. Business isn’t mostly gonna be fun. It’s going to be a lot of hard work."

Read everything Gene Simmons told us about business right here

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Francis Rossi (Status Quo)

“My mantra is 'stick to what you know'. A long time ago, Rick and I tried to set up a chauffeur company after seeing how much money rock bands spent on getting around. Needless to say, it went terribly. Why? Because we had absolutely no idea what we were doing. We also once came very close to investing in an Australian guy’s idea to raise the Titanic. We just met him, and gave us a really strong sell. Thankfully, our manager at the time talked us down from going for it. He did go on to screw us for millions of pounds, but that’s another story.”

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Barney Greenway (Napalm Death)

"I'm all for some wealth re-distribution, actually. But if pushed I suppose my suggestion would be property – just not in the sense of being able to bounce off the walls of a fortress in Tuscany. The other guys in Napalm Death, many years ago, scraped together enough for a small communal house in Birmingham. It was famously known as Napalm Towers and saved countless fellow waifs and strays from sleeping al fresco. Otherwise, life's too short to be wasting time hanging on the creeping profitability of inanimate objects. It just seems so dull and absurd."

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Scott Ian (Anthrax)

“I’ve got an investment tip that trumps all others. What is this magical commodity you ask? Lego. Yes, Lego. Branded Lego sets – especially Star Wars and Harry Potter – have increased in value 12 per cent each year since 2000. By contrast, people who invested in gold over that same time period received a paltry 9.6 per cent annual gain. I buy two of every Lego set that I get for my 5-year-old son. And if anyone out there wants to give me a Millennium Falcon (5195 pieces of awesomeness, valued today at $5,000), I’ll get them backstage for life!”

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Corey Taylor (Slipknot)

"I've made some shrewd investments that haven't exactly panned out (don't loan money to family,kids...), but the one thing I've had consistent success with is real estate. Find a house you can afford in a good neighbourhood, move in and for the next few years, make it nicer than it was. Then after a few years, you sell that house hopefully for a profit and use the money you make to put a down payment on a new, slightly more expensive house. Depending on the area and the city, after a few years you're living in a rad house.”

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