She knows a thing or two about blowing up one’s finances as it happened to her. As the host of a new three-part financial series, she is urging people, especially those in the entertainment industry, not to spend frivolously.
Former Generations: The Legacy actress and TV personality, Nomsa Buthelezi-Shezi learned the hard way how to manage her finances. When she got her first paycheck, "I blew it", she tells Drum.
“I am a giver and I used to spend on friends and I learned that people are capable of just taking and taking, and when you need them, they won’t be there for you,” she says.
As life slowly returns to normalcy, the reality TV host looks at the past two years, sharing how hard they have been financially for her and colleagues in the industry.
“From 2020, as artists, we hit a hard rock, it was a hard year but I was able to get gigs here and there but that was not the case for everyone,” she says.
“Before lockdown, artists were on their A-game, we had bookings on bookings but all of a sudden that changed.”
The wedding MC and host of the hit reality show, Our Perfect Wedding, saw weddings getting cancelled, followed by lesser and lesser gigs, but having been in the industry for some time, she has learned to financially prepare for dry seasons, although she learned these lessons the hard way.
The TV personality says her biggest mistake when she got that first paycheck was splurging on alcohol, giving loved-ones stacks of money, and being the giver that she is, she gave until she had nothing.
“My first check was from Vodacom, and my childhood dream was to fix my home and I did just that, and after that I blew it, I was not drinking but I spent it on my people that I knew, they would come and ask for money and I would give them. Buy them alcohol or whatever they wanted, but when the money finished I was all alone,” she recalls.
But the actress has managed to turn all that around and she's now financially savvy, invests, saves and has financially planned for the future.
The actress has been in the industry for quite some time and has experienced the ups and downs of it. Nomsa tells newbies in the industry to not live beyond their means.
“Do not chase the soft life, stick to your A-game. Focus on your purpose and do things that are true to you,” she advises.
She is looking forward to what this year will bring. Nomsa is currently shooting new episodes of the hit show Our Perfect Wedding and has campaigns lined up too.
“I’m grateful to have all of this but I want to take it slowly,” she says.
She is the host of a 3-part mini-series #WeStart2022 Stronger brought by Metropolitan. The series aims at equipping consumers with knowledge and tools to better manage their financial matters and reduce the anxiety associated with money so that they can start the year off on a financially savvy slate.
“The show is all about money and addressing all the things people shy away from talking about; salaries, debit orders, life insurance. The series is very important to youth who just started working, it is an eye-opener and will help them be financially savvy,” she shares.