Credit: Glamour

Credit: Glamour

Tyra Banks believes every independent woman should have some “F. U.” money. And before we even knew what she meant, we were in total agreement. During a recent interview with Glamour, the supermodel turned mogul gave the mag some insight into her many achievements. The Harvard grad most recently took her career to a whole ‘nother level when she launched Tyra Beauty.

Tyra explains, ‘I knew that I wanted to have a self-funded company—I’m obsessed with ownership. I want to have the say, not just a say. So I needed to have the tools.’

Banks was inspired to educationally go the distance, after watching her mom struggle through her marriage. My mom stayed with my dad for too long because of financial reasons. If she’d just had a little side hustle, a little of her own money, she would have left. So I encourage women to have what I call “F.U.” money.… A lot of my passion for this business comes from that,” she told the mag.

Dr Boyce Watkins, who coined the term “F. U.” Money, told a radio station earlier this year – It is fundamentally flawed for you to depend on the descendants of your historical oppressors to get the things that you need, in order to survive.

Tyra’s financial advice is similar to what our parents, specifically our mothers have always told us. Making sure you have your own pot of gold no matter where life takes you or who you end up joining matrimonial forces with is key to a special brand of freedom. And sometimes all you need is a little extra to make something pop.

What is your best piece of financial advice? Do you have an F U money account somewhere?

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  • Me

    I feel like my FU money is what’s preventing me from pursuing marriage seriously anymore. The better off I become, the less I see a reason to have someone up under me 24/7. Not even for parenting sake either. I feel like since I’ve proven that I can achieve my wildest dreams as an individual, the institution of marriage no longer fits in my dreams. I mean, more power to the man that proves me wrong by tying me down, but I think I’ll be just as happy co-parenting with a longterm boyfriend. I wouldn’t need marriage to prove I love him or our kids, and the tax benefits aren’t big enough to sway me.

  • [email protected]

    My financial advice is to constantly learn about investments, taxes, businesses, and other facets of economics and apply what you have learned in setting up your own economic savings or resources. There should be a Plan B or a Plan C in our finances. I have no problem with money saved up. Tyra Banks have given great advice. Also, there is no economic improvement collectively without addressing poverty. Poverty is found in America, in the global South, and in the global North. That is why the more we establish creative policies and progressive solutions to fight poverty, the better we will be overall as human beings. For centuries, the one percent has increased their wealth via genocide, capitalism, slavery, wars, racism, discrimination, and environmental degradation. That should change and economic justice should be in existence for all.