When I saw Morris Day’s name in the news recently, my first thought was “Well, that’s a blast from the past.” Many of you may not recognize his name, but you’re certain to recognize his music. Born in 1957, Morris Day got his start in music as a member of a group with Prince while they were in high school. Yes, that Prince. Though the group didn’t last long, Day’s friendship and collaborations with Prince continued for decades to come.
Morris Day’s Career
Morris Day was the lead singer of a band called The Time and set out on a solo career in 1984. That same year, Day appeared in Prince’s Purple Rain, increasing his popularity. But it wasn’t until 1990, after The Time reunited, that Day got his first #1 hit, Jerk Out. Unfortunately, the popularity didn’t last. Day, however, has a good number of devoted fans, and he has continued touring over the years, remaining a popular concert draw. He and The Time reunited in 2016 to play at the Grammy Awards with Rihanna, and in 2017, he released a single entitled Over that Rainbow in honor of his departed friend, Prince. Later that year, he released a single with Snoop Dogg called One Night Stand.
Though Morris Day isn’t the most popular of musicians, he has managed to keep his career going through concert appearances, collaborations with other musicians, and some television and movie appearances. Morris Day is currently touring with The Time and can be seen in concerts around the country. In 2018, they are scheduled to play in Michigan, California, and New York
In addition, Morris Day and The Time can be booked for private events. Current booking rates for Morris Day and the Time range from $40,000-$75,000, but can go higher, depending on the details of the request.
Morris Day’s Net Worth
Morris Day has been careful with his real estate purchases, buying reasonable homes and not putting himself into debt by buying homes with excessively high property taxes. Over the past twenty years, he has owned homes in Michigan, Georgia, and California. (Source: Intelius People Search) His most recent home in Georgia appreciated over 30% in the years following the purchase, and the family made over $200,000 on the sale. He also purchased a reasonable home in Georgia for his parents with his hard earned wealth. (Source: Fulton County Assessor’s Office)
Morris Day’s net worth is an estimated $3 million, mostly earned from his music in the 1980’s and 1990’s, but he continues to hustle, and seems to be enjoying his continuing career.
Megan is a 30-something government employee in the Washington, DC area. She got interested in Personal Finance when she got out of college and realized that her paycheck wasn’t going to go as far as she had hoped. Since starting this blog, she has managed to buy a house and make a solid start on her retirement goals, and hopes to help others do the same. Here is her story:
In 2007, I was a gainfully employed 20-something with no debt but not a lot of knowledge about personal finance. It was a co-worker’s comment about Roth IRAs that sent me to the internet, searching for information. It was then that I realized that I really didn’t know a whole lot about personal finance and that my current financial situation was due a lot to inherent frugal tendencies, generous family members, a fear of debt, and good luck. While that was working for me, clearly I needed a better plan.
While I had no debt, I was also pretty much living paycheck to paycheck and not worrying about going over budget (I say this as if I had a real budget) because I had an emergency fund set aside to cover any overages.
Except that’s not what an emergency fund is for.
So I did a lot of research, read a lot of blogs, and decided that I needed a plan. I needed to budget. I needed to know what I was spending my money on. I needed to prepare for the future.
I decided to create a blog not only to make myself accountable to others but also to share the knowledge that I gained along the way. I’ve learned so much from my fellow bloggers, and I hope that my readers can find something useful in what I have to share as well.
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