Record producer Khaled Mohamed Khaled, aka DJ Khaled, is known for his hits, his positivity, and his continuous dedication to success. But the celebrity DJ's struggles may be less known. The award-winner had a “mogul talk” with Cheddar about what it takes to be successful and the obstacles that have made his journey an arduous one. And for Khaled, time has been the major issue. “There’s not enough time in the day to accomplish what I need to do, ‘cuz I don’t stop,” Khaled said during the interview. “That’s the hardest part of hustling.” Time management is a difficult skill for many to master, but Khaled says you have to commit and “do what you got to do.” That's how he faces this challenge. Khaled, whose latest albums “Major Key” and “Grateful” have been certified gold and platinum, shared two of the reasons for his success. He says you have to make sacrifices and be self-made. “It’s OK for you to work 9 to 5 to fund your vision,” Khaled said, acknowledging that for some, a traditional job is what they'd like. But for those who have a vision they want to bring to life, working a side gig is a necessary evil. “I’m a mogul, so I envisioned all of these things I want to do,” he said, adding,“my family raised me to be self-made.” To Khaled, being self-made is not about having money as many may think, but about “respecting yourself and your vision.” Talking the talk and dreaming big is great, Khaled explained, but for success, it’s important to walk the walk and figure out how to accomplish the vision. “There’s other people out there that talk, but don’t accomplish the goal,” he said. “When I was a kid, I had to do certain things to fund my music business, my record company, my management company….”

Share:
More In Business
ULTA Beauty To Spend $50 Million On Diversity Initatives
In efforts to help support black-owned brands. Ulta Beauty says it will make a commitment to not only give these brand shelf space but also help them navigate the ins and outs of growing a business. Last week, the beauty retailer announced in order to reach those goals, the company will spend $50 million on diversity and inclusion programs, including an accelerated program to mentor entrepreneurs of color. CEO of Ulta Beauty, Dave Kimbell, joined Cheddar to discuss more.
Economist Sees Six Rate Hikes in 2022 After High January PPI Number
Inflation remains hot as the January PPI has increased by 1 percent, twice what analysts had been expecting with a jump of 9.7 over the year. Beth Ann Bovino, the U.S. chief economist, for S&P Global Ratings, joined Cheddar News to discuss the rapid pace of inflation alongside higher wages, predicting the Federal Reserve will act quickly and forcefully this year. "They haven't changed their forecast, yet, that's gonna come out soon. But we expect that a March rate hike is basically pretty much baked in the cake," she said. "We think six rate hikes in total for 2022."
U.S Chamber of Commerce Hosts Virtual Event 'Developing the Black-Owned Business Ecosystem'
For black history month, Cheddar is highlighting black business leaders who are driving the need for representation forward. On February 10, the U.S. Chamber of Commerce hosted an event called 'Developing the Black-Owned Business Ecosystem.' The virtual event was organized under the lobbying group's two initiatives -- the Equality of Opportunity Initiative, and the Coalition to Back Black Businesses. The event highlighted the developments needed to develop more black-owned businesses in the U.S. Dr. Anthony Wilbon, Dean of the School of Business at Howard University, joined Cheddar News' Closing Bell to discuss his experience as a speaker at the event.
Real Estate Key to Closing Wealth Gap Even as Black Spending Power Hit $1.6 Trillion
Black spending power reached a record $1.6 Trillion in a 2021 report from the University of Georgia Selig Center for Economic Growth. Ayesha Selden, certified financial planner, breaks down why real estate is the key to closing the racial wealth gap and how Black Americans are using social media to improve financial literacy. "If we look at home ownership as being a primary driver of wealth, when you look at the equity that Americans have in their homes, that equity can be used to buy additional assets like other rental properties. That equity can be used to educate our children," Selden said, noting that lower rates of home ownership meant Black Americans tend to incur more debt on average for their student loans.
Does Owning Crypto Really Make Daters More Desirable?
A new survey from Etoro suggests that talking crypto might actually help Americans on the dating scene find love...or at least land another date. The survey found that 74% of respondents would be more interested in going on a second date with a person that pays the bill in Bitcoin. Callie Cox, Etoro's U.S. investment analyst, joined Cheddar News to discuss.
Load More