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Rappers Urge Financial Responsibility

Updated:
NEW YORK (AP) _ LL Cool J is urging fans to be financially responsible.

The platinum-selling rap star spoke over the weekend at the Hip Hop Summit on Financial Empowerment.

The event, organized by multi-millionaire entrepreneur Russell Simmons, mixed stars like LL Cool J, Alicia Keys, Nas and T.I. with financial experts to provide advice on home ownership, budgets, credit cards and other financial issues.

``The biggest misconception probably comes from the hip-hop community itself ... that the money lasts forever,'' LL Cool J said on Saturday. ``You have to do the right thing with it.''

Fellow chart-topping rapper Nas said it was important to teach young fans about financial responsibility.

``It's time that we do something to educate our kids,'' he said. ``We've got to think about our future, think about tomorrow. It's beyond the corner, it's beyond the jails. We've got to think about growing old in this game.''
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