Taylor Swift Dishes on Past Loves & New Album

ET's Nancy O'Dell was the first to sit down with music megastar, Taylor Swift, as she promotes her new album Red, set to release today. In the candid sit-down, Swift opens up about everything from how her relationships inspire her music to how she manages her fortune.

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Fans of Swift are familiar with the raw way that she sings about her personal heartbreaks and, as the pop star is still in the dating game, her source material continues to grow. But how do the guys feel about being included in her chart-climbing hits?

"They never go into this like, 'I really want to ask you out -- could you not write songs about us?'" Swift told Nancy. "They say that when we're breaking up and they're like, 'You better not write a song about this!' And I'm like, 'Oh I won't!' And then I do."

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Even with all the tragic losses that she's been through, Swift claims that her music makes it all worthwhile.

"I wouldn't change the way that things have gone because I love getting to do this," said Swift. "And I live to write songs. That's what I live for. I love -- just it's the same feeling I fell in love with when I was 12 years old, when I first got a guitar, learned how to play it and wrote my first song. I feel that rush every time I finish a new one. And that's why I love doing this."

The first single from Red, We Are Never Ever Getting Back Together, is a worldwide smash, spending three weeks at No. 1 on the all-genre Billboard Hot 100 chart, and reaching No. 1 on iTunes in 32 countries. Of the 16 tracks on the album, Swift wrote 10 of the songs herself, working with collaborators on the remaining six. As her records continue to sell, it seems that the business of heartbreak is lucrative these days. So much so that Forbes named her the highest paid star under 30.

Swift revealed to Nancy how she manages her fortune (she made a reported $57 million last year), saying, "I save it, I invest it, I try to be smart about it ... I was raised by a financial advisor. My dad's like a stock broker, so he's always been like, 'Save your money! Don't be stupid about it!' ... It's not something that's always going to be there if you [aren't] smart about it."

Tune in as ET kicks off Taylor Swift Week, starting tonight. Check your local listings.