Celebs are branching out of entertainment and into the economy. Megan Thee Stallion is partnering with Cash App to give away $1 million in stocks to fans. All users have to do is comment with their $cashtag, and they’re entered in the #CashAppForHotties giveaway. We’ve seen artists join in on these Cash App giveaways, and other celebs have even jumped headfirst into cryptocurrency (including Meg herself). But behind Megan’s most recent campaign is a message of financial literacy.
“Buying stocks isn’t only for the big players. Anyone can start with as little as $1. Putting in a little money and seeing how it moves is a great way to learn about the stock market and start building up a portfolio,” she said in a new video.
Spreading financial literacy
In the promo video, Megan explained “dollar cost averaging,” “diversification” and many more Wall Street investor topics. And it seems she’s part of a larger movement: bringing investing to the average person. Remember GameStop-Gate at the beginning of 2021? Since then, retail investors have been at the forefront, trying out everything from the S&P 500 to Dogecoin.
“Buying stocks seems complicated, but really it’s a pretty simple process,” Megan said. “The more you educate yourself, the more equipped you’ll be to navigate investing. With my knowledge and your hustle, you’ll have your own empire in no time.”
A nice partnership
This is not the first time Megan Thee Stallion and the popular payment app have teamed up. In December 2020, she gave away $1 million in Bitcoin. So, fans receive free stuff, and Cash App receives new users for its newest features. It’s a pretty nice deal for them! But overall, hopefully, we’ll see some genuine economic empowerment among the Millennial and Gen Z age groups.
