Meaning of "Owning up for prosperity"

[sbchan]

In Rod Steward's song "I was only joking" he wrote: "Owning up for properity. For the whole damn world to see". What is the meaning of properity here? I don't catch the meaning of "owning up for properity" in the lyrics .

[sbchan]

Sorry, it should be "owning up for prosperity". I don't understand the meaning of this sentence.

[Mister Micawber]

.

...what I'm doing must be wrong
Pouring my heart out in a song
Owning up for prosperity
For the whole damn world to see

Own up = admit one's faults/mistakes
For prosperity = for financial success as a musician (i.e. for the purpose of this music album)
.

[sbchan]

Thank you Mister Micawber, but I still don't quite catch your explanation. Do you mean that the singer admitted his faults for making the album financially successful?

[Mister Micawber]

.
No, he is admitting his personal weaknesses publically, just because he wants to make money by selling the song.
.

[sbchan]

See. Thank you very much.