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?