The wannabe rapper is said to have spent the estimated $2 million earned from his and Britney's reality show, 'Britney and Kevin: Chaotic', on an engagement diamond ring for his wife and for a recording studio in the basement of their Malibu home.

In a recent interview published in 'GQ' Magazine, K-Fed claims that he is almost penniless but he still has enough dignity left in him to stop him from taking money from Britney. 'I don't get any money from my wife. I'm almost broke. As a man, as a male figure and a father, I wouldn't be happy sitting back and living off my wife's fortune', Federline said.

The rapper continued to open up to the reporter and said that he, too, is earning an honest buck the best way he knows how: 'I have to provide for my family. People gotta understand that I'm working, too, she's not the only one that's got things to do'. He was probably referring to the odd jobs as model that he recently got and to the music album he's preparing to launch very soon.

K-Fed also took the chance of defending Britney's parental skills, so much criticized over the past few months. 'Britney plays momma very well. She's a very good mother. It's one of those things that comes naturally. What the magazines don't tell you about Britney driving is that Starbucks is a minute from the house. People don't know what it's like being chased by all those cars and if Britney feels like she gotta take the baby and put him on her lap and get out of there then so be it', he concluded, referring to Brit's driving-with-Sean Preston-related incident.