In an effort to confirm his financial woes, the actor provided evidence that reportedly only pulls in $105,686 every month but his monthly expenses amount to $107,576, which puts him in the red.
According to The Blast, some of his monthly dues include paying $7,500 in childcare for his 10-year-old daughter Shayla, $9,744 in groceries and $14,869 for his home’s mortgage; however, the court documents state the actor-singer has $884,658 in cash and savings, and his property is worth $1,761,250.
In an Instagram video that he shared before a court hearing early this month, Tyrese broke down in tears claiming he spends $13,000 per month in legal fees in his ongoing custody battle with ex-wife, and he pleaded for financial help.
According to the court documents, Tyrese has already paid his attorney $68,055 but still owes $133,750.
He also claimed in a separate Instagram post that Will Smith and Jada Pinkett Smith gave him $5 million to help out with his expenditures. But the power couple denies this and a source close to the Smiths claim that they are worried about Gibson’s mental health.
Meanwhile, Missy Elliott took to Instagram to offer some financial advice about living within your means.
She captioned the clip: Trying to make ends meet? Well you can’t be embarrassed to DOWN SIZE! A WISE person NOT gonna spend all their Coins [dollar emoji] trying to empress erbody else! A WISE person gonna save up their [money emoji] & get only what they can afford so they can always LIVE COMFORTABLY secondly It’s NEVER to late 2 LEARN! Surround yaself with people who about their business & NOT those ones who is LAZY! U need those homies that will help inspire u to stay on TOP of yo own [poop emoji]
Fans were quick to correlate Missy’s advice to Tyrese’s money troubles.
Regardless of whether she’s talking about him or not — do you think Missy has a point?
A lil but of knowledge for yall today… Trying to make ends meet? Well you can't be embarrassed to DOWN SIZE! A WISE person NOT gonna spend all their Coins💵trying to empress erbody else! A WISE person gonna save up their💰& get only what they can afford so they can always LIVE COMFORTABLY💯secondly👉🏾 It's NEVER to late 2 LEARN! Surround yaself with people who about their business & NOT those ones who is LAZY🙅🏾! U need those homies that will help inspire u to stay on TOP of yo own 💩💯
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(Photo by Rich Fury/Invision/AP)