Toni Braxton*Good fortune may be smiling down on Toni Braxton with the success of her Babyface collaborative project, “Love, Marriage & Divorce,” but she’s also seen her share of setbacks as a result of filing for bankruptcy twice.

To hear her tell it, financial issues come with the territory with being in the music industry. Speaking with “The Breakfast Club” radio show, Braxton detailed how much money artists like her really pull in when starting out.

“When you first sign a deal it’s never going to be any money because you haven’t sold any records…you have to prove yourself,” she stated while killing any notion of artists raking in tons of money by stating how they only receive a portion of what’s earned.

“You do a show; you do $100,000…an artist might come home with $20,000,” she said. “The more it’s cut up, it’s distributed differently. It’s the nature of how the industry works. I don’t think people understand that.”

In regards to her own financial issues, Braxton set the record straight on her recent purchase of $3 million mansion a few years after filing for bankruptcy. According to the singer, the purchase was made possible because she has good credit. As for the second bankruptcy filing, Braxton citied her health condition as the basis for that situation rather than a lack of financial responsibility.

“I have Lupus…My show in Vegas got cancelled and insurance wouldn’t cover it, so I had to pay myself,” Braxton explained as she voiced her gratitude for friends and family who supported and encouraged her during hard times, particularly when thoughts turned towards retiring from music.

Among Braxton’s supporters were her sisters, who have found success with the “Where Did We Go Wrong” vocalist as the stars of WE tv’s “Braxton Family Values.”

For those wondering if the Braxton’s will make a united return to music, no need to worry. Toni confirmed that she and her siblings will finally reunite for a “BFV” album.

“We are talking about that right now,” she said.

For more of Toni Braxton’s interview on “The Breakfast Club,” where she discusses her latest album, the sisters she’s closest to and more, click on the video below: