Michael Rainey Jr. Shares A Piece Of Financial Advice That He Learned From His Mentor 50 Cent

For almost a decade, Michael Rainey Jr. has been a staple in 50 Cent’s TV reign on Showtime. Following the release of “Power,” the actor went on to star in its spinoff, “Power Book II: Ghost.”

As the series is in its fourth and final season, Rainey has recounted his journey of being a part of the successful TV franchise. During an interview on Forbes’ “New Money” podcast, he spoke about how 50 Cent has not only been a mentor to him but also a father figure.

Working closely alongside the business mogul and fellow co-stars of the “Power” franchise such as Omari Hardwick and Joseph Sikora, Rainey shared that it served as a time for learning critical skills including how to handle his money responsibly.

“I’m still young, so I’m still learning how to manage my money, but I really just take advice from people that are around me,” Rainey said. “Being on ‘Power’ not only changed my life career-wise, but just being on that show, being on set with everybody every day, just being around those great people and great minds, I learned a lot.”

He added, “50 [Cent] definitely told me, ‘Save that bread.’”

In addition to 50 Cent’s financial advice, Rainey’s mother played an integral role in keeping his finances in check. As previously shared by AFROTECH™, in the same interview with Forbes, he recalled her saving his checks at the start of his acting career around age 9 — prior to “Power.”

“Obviously, I’ve been working since I was young, but my mom always did a great job of helping me save my money since I was a kid,” he told host Rosemarie Miller. “I didn’t really know what kind of numbers I was pulling in until I was like 17, 18. My mom really did a good job of putting money away from me.”

He continued, “…at a young age, I don’t really know what I want to do with that money. She really did a good job of just making sure a lot of it was put away for when I reached the age where it’s like, ‘Alright, I can do this with my money. I can do that with my money.’”

As for growing his income and portfolio outside of Hollywood, Rainey shared that he owns his production company, Twenty Two Entertainment; a restaurant in Jamaica, Catch 22 Lounge; and is a part of dispensary franchise Herbs Jamaica. Additionally, the young actor and entrepreneur is set to monetize his love for cars via an upcoming car channel, 22 PSI.