Barber to the Stars: Mark Massive is better known as SliderCuts
Famous hairdresser Mark Massivere was once paid £ 5,000 for a client’s haircut, which took him less than an hour.
Massive, better known as SliderCuts, is one of the nation’s most famous hairdressers and cuts hair for Stormsey, Anthony Joshua, Janet Jackson, author Reggie Yates and rapper Tina Tempe.
The 37-year-old man is married to artist Laquene Massive and lives in Stoke Newington, North London, with two young children. His book “Creating Culture” has just been published.
What did your parents teach you about money?
My father wasn’t around to teach me anything about money. But my mother, who was born and raised in Nigeria, taught me and my three siblings that we need to work hard to make a living.
When I was young, she had a newsstand. When I was four, she was robbed and taken away. She had no insurance. I don’t think she even understood such things. As a result, she had to close the store.
Then we were kicked out of the apartment where we lived above the store and we became homeless. We moved from a comfortable life to a homeless shelter in almost one night. In the end, we were given housing.
But I had to constantly move, because housing was only temporary. Every time I became friends at a new school, we had to move again. My education was ruined and no one understood how far behind I was with my reading.
By the time we got the board house, I was ten and I was in five different schools. We lived on benefits and free school meals. Money was scarce, but we survived.
Was there always enough food?
No. I remember one day, before we became homeless, all we needed to eat were two slices of bread between the five of us. My mom said, “Divide each piece in half and each of you, the four children, will take one. But my older brothers refused. They said I had a slice with my younger brother. I don’t remember the famine. This is the moment in the kitchen with the brothers. I will never forget that.
Have you ever had a hard time making ends meet?
Yes, five years ago I bought a three bedroom apartment in Stoke Newington to live with my family and I needed to renovate it to make it habitable.
At first it was hard to buy it. Then I lost money on various builders. At the time, I was also investing in my business, buying my hair and beauty studio for rent.
I spent as much as possible on my credit cards, took out payday loans, borrowed money from friends – and friends of friends – and secured loans for two rental properties that I owned to make ends meet. I had to pay a lot of interest and in total I got £ 350,000 in debt.
Have you ever been paid stupid money?
Yes. I once did a haircut for one of my tall clients – faded skin – that took 45 minutes. He told me to bill him for £ 5,000 for it. I won’t mention his name because he wouldn’t want people to know.
What year was the best in your financial life?
Last year. Over the last year I have earned more money than ever in my life: a six-figure sum. In addition to making money in my business, I also speak to companies at the end of my book “Creating Culture” and collaborate with brands.
What is the most expensive thing you bought for fun?
It was a black, used Mercedes C Class car for £ 14,000 11 years ago. I owned them for only two years. I sold it when my older brother passed away to pay for his funeral and other expenses. He lived in Germany, so returning his body to England alone cost £ 5,000.
What is your biggest money mistake?
I tried to create a booking app for hairdressers in 2017. I invested £ 30,000 in the project and then found that its launch would cost another £ 30,000.
I realized what a mistake it was because there was competition in the market and I was in my head. I pulled out a fork.
Celebrity status: Massiver cuts hair for Stormy, Anthony Joshua, Janet Jackson (pictured), Reggie Yates and Tiny Temp
The best money decision you made?
Buying an apartment in Dalston, London, for £ 160,000 in 2012 and then selling it for £ 310,000 in 2019. Many people told me not to buy, but thanks to this property I was able to acquire other properties. Its sale helped repay part of my debt of £ 350,000. I am still in debt for over £ 100,000. But now it’s more manageable because my business has taken off. It’s easy to compare.
Are you retiring or investing in the stock market?
Yes. I started postponing retirement at age 21 and have been saving regularly ever since. I also invested £ 2,000 in Amazon shares at the start of the block, which are now worth over £ 4,000. A client advised me to buy shares and it turned out to be a good investment.
Do you own any property?
Yes, a three bedroom apartment in Stoke Newington, my family. I bought it for £ 405,000 in 2017 and now it costs £ 520,000. I also have a three bedroom apartment in nearby Tottenham Hale that is for rent. In 2015, it cost £ 270,000 and now costs over £ 400,000.
What luxury will you treat yourself to?
I like a bottle of cherry cola. It costs £ 1.70 and I like the taste so much that I have it every day. I think I need to take detoxification.
If you were Chancellor, what would you do in the first place?
I would increase funding for schools in poor areas. I think working class children deserve as good an education as children from wealthier families. I would also increase Universal Credit to what was during the pandemic.
Do you donate money to charity?
Yes. Every month I donate to dozens of charities, including the Red Cross and my church. I also sponsor a child in Africa.
What is your number one financial priority?
My family. I want to make sure that I have enough money not only to teach my two children, but also to enable them to engage in activities such as learning a musical instrument, gymnastics and swimming lessons.
Some of the links in this article may be affiliate. If you click on them, we can earn a small commission. It helps us fund This Is Money and keep them free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence.
The famous barber Mark Massive is talking to Me and My MONEY
Source link The famous barber Mark Massive is talking to Me and My MONEY