With the release of Lorrie Morgan's 14th studio album, Letting Go...Slow, she is opening up about one of the very important lessons lessons she has learned.
Born to legendary country singer George Morgan, Lorrie has lived basically her entire life in the spotlight. Along with being a Grand Ole Opry member, selling millions of albums and twenty Top 20 singles, she has had some hard times in her life.
Although she had much success, she filed for bankruptcy in 2008.
"It was the biggest mistake of my life that I didn't watch my own money," Lorrie told The Boot. "I would say to anybody: You have an accountant that does your money? You audit them. You be the co-signer of those checks. You know where every check goes and keep track of your money, because one day you’re going to wake up and go, ‘What do you mean I don’t have any money?’"
While she isn't calling all accountants thieves, she says that they "take liberty with your money, because it's not theirs."
Her advice for aspiring artists is to "be careful and watch your money. Make it, put it away and save it because just as quick as you go up, you come down."
Lorrie's latest album was released on February 12 and includes a jaw-dropping cover of Bob Dylan's "Lay Lady Lay".
Listen to her version below.
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