Key Takeaways

Megan Thee Stallion is the stage name of the three-time Grammy Award-winning rapper Megan Pete.

At Entrepreneur’s Overcoming Impossible event, Pete said that her biggest mistake was being scared to ask questions about her contract.

Now, if she doesn’t understand something, she asks about it.

Before Megan Thee Stallion made it big and signed her first record deal, she thought that rappers made a tremendous amount of money. She saw the social media posts they made sporting new cars and fancy clothes. She couldn’t wait to become a rapper and take care of her whole family .

However, the three-time Grammy Award-winning star, whose real name is Megan Pete, said that the reality of her first record deal was that she wasn’t getting paid what she was worth.

At Entrepreneur’s Overcoming Impossible event last week, Pete said that when she signed her first deal, she knew “it wasn’t the best deal.” What pushed her to sign it was the knowledge that she was going to be able to take care of her mom and…