I Cleared $35K Worth Of Debt While Making $12 An Hour
In 2009, I lost everything. My career, relationship and home. It's amazing how quickly unemployment can knock you down and change the entire trajectory of your life. I went from earning and saving good money to waking up on my 30th birthday living on my sister's couch.
My credit card debt ballooned to $35,000 and my 802 credit score plummeted into the 500's because I couldn't pay bills. Fast forward five years later and I've not only dug myself out of that hole, but I built a business on the way up. I'm currently a speaker, bestselling author, and financial educator running an internationally recognized brand, but before building a successful business I hit rock bottom.
Here are some money lessons I learned from the struggle:
Always Save for a Rainy Day El Niño
There's no way to predict long-term unemployment, but you should always prepare for it with an emergency fund. I lived well below my means to save money before losing my job. Thankfully, I had some savings to live on.
My first "real" job at 21 was as a teacher's assistant. It only paid $12 per hour, so I lived with my parents to stack coins. I found a modest yet affordable rental in New Jersey with a roommate (my sister), that cost just $1100/month, $550 per person including utilities. As my income steadily increased, I kept the same standard of living and a strict bi-weekly budget. I used envelopes filled with cash to divide my pay into categories: bills, savings, entertainment and grooming.
I lived off one paycheck and saved the other.
By 25, I had $40,000 saved in cash.
Live Richer Lesson #1:
Nothing in life is guaranteed, so establishing good saving habits no matter how much you make is invaluable. Downgrade your life, if necessary. This could mean cutting cable, getting a roommate or keeping your gel manicure on for a few extra weeks.
How To Live This Lesson Now:
Begin to set aside a few dollars from each paycheck in a savings account. Don't have the discipline? Start with Digit. This free resource studies your financial moves and automatically transfers money from your bank account to your Digit Account. They will send you daily, fun texts with updates of your balances and transfers. You can choose to save more, pause savings or withdrawal your money via text as well. Your money is FDIC insured and they have a no-overdraft guarantee. Oh, and they do it for free!
Nothing Good Comes Easy
Before joblessness, my savings game was on point, but my investment game was lacking. I made one crucial mistake that put me in a world of debt and made unemployment overwhelming. At 27, I asked a wealthy friend of mine to teach me how to invest and he pitched me a genius plan. We would buy high-end clothing in New York and ship it to Paris to sell in one of his stores.
My return was supposed to be $1,200 per week for two years. Yup, you read that right. I thought I was going to make $62,400 per year shipping clothes across the pond. I was so excited about making racks on racks that I applied for new credit cards and took out cash advances totaling $20,000.
We sent our first shipment to Paris then I never heard from him or received any money. It devastated me at the time, but I can appreciate the lesson. First, be careful who you trust. Second, if a plan sounds too good to be true, believe it. Last, hard work and passion are what will pay off tenfold, not a get rich quick scheme.
Live Richer Lesson #2:
There's no such thing as easy money. When my "friend" aka The Thief shared his get-rich-quick scheme with me, I should have ran for the hills. Looking back on it, it didn't make sense. Rarely in life do you make a ton of money without knowledge and work.
How To Live This Lesson Now:
If you're interested in investing, you first have to invest in knowledge. Two financial books to help you get started are: The Richest Man in Babylon by George Clason, Stock Market Investing Mini Lessons For Beginners: A starter guide for beginner investors by Mabel Nunez.
Odd Jobs Add Up
Losing my job and the implications of bad investing had me down and out. At 30, I was directionless and living off the little savings I had left. I didn't know how to start over after losing so much. Back when I was a teacher, staff members took notice of my money management skills and looked to me as a financial resource.
Looking for something to keep me busy, I began volunteering at several nonprofits teaching financial education. I networked like my life depended on it and asked nonprofits to refer me to other organizations for paid opportunities. Since I couldn't find 9 to 5 work, I did a bunch of side hustles to make money. I took on one-on-one financial consultations, babysitting and tutoring.
Sidebar: Don't discount volunteering. I met my first clients for The Budgetnista by volunteering. By combining volunteering and sharing me in action on social media, I was able secure a new client each time I spoke and posted myself speaking online. In the beginning, 80% of my business came from the posts I shared on Facebook. So use your social media network to showcase your skills and increase your income.
Live Richer Lesson #3:
If there's no place for you in the workforce, make your own way. Use your experience and passions to offer a product or service that someone finds valuable. Hustle even if you have a full-time job. Multiple streams of income will lead to financial security.
How To Live This Lesson Now:
- Use Your Degree. If you have the education, put it to use. You can charge more money for a service when you're an expert in a field. Think about how you can shape your education into an extra source of income.
- Do What You Do For a Living. You can hit the ground running with your side hustle if you have work experience in the industry. There's no learning curve and you have a resume that proves you know what you're doing.
- Activate Your Passion. Start charging for things you already do for free. You already have an established clientele who like your work and you can use them to spread the word.
- Negotiate a Raise. Start to collect all of the amazing value you bring to your job. Put it together in a file. Make sure you monetize your value. Example: The decision you made to do _________ is saving the company $10,000/year.
Take Ownership of Your Situation
At first, I didn't want to face my credit card debt from the bad investment even when I started making money again. I felt paying any more than the minimum payment was admission of guilt and I didn't want to take full responsibility.
Only after owning the mistake and forgiving myself was I able to start crushing the debt. I transferred my credit card debt to cards that offered introductory 0% interest rates, so the money I paid largely went to principal instead of interest. (Use Magnify Money to help you find the best balance transfer cards.) If I had continued to sit back without taking ownership, interest would have increased my debt exponentially.
Since I've been through the struggle, I understand how disheartening financial missteps can be. You feel destitute, desperate and hopeless, but there is a way out if you face the situation. Open the bills, pick up the phone for collectors and form a plan. Sure, it won't happen overnight, but you have the power to change your situation.
Live Richer Lesson #4:
Have you made financial mistakes in the past? Are you currently making financial mistakes? Will you probably make financial mistakes in the future? Yes?! Well, so did Will Smith, Rihanna, Suze Orman, and me!
Sometimes you are unable to move forward financially, not because you don't make enough money, not because you don't have the resources, and not because your situation is un-repairable. The truth is, you have yet to get over your financial mistakes if you want to move onto greener pastures (pun intended). Financial forgiveness is one of the first keys to becoming financially healthy.
How To Live This Lesson Now:
- Admit to Yourself and Take Ownership. Confess; say "I messed up when I __________". Feel free to substitute the word "messed" with your verb of choice.
- Identify the What and Why (Be Very Specific). Take a break from beating yourself up for a minute and clearly identify your mistake and why you made it.
- Tell Someone You Trust. OK, so this may be a tough for you, but tell a trusted confidant. Doing so will allow you to let go of the shame, begin to forgive yourself, and ultimately work on a solution.
- Focus on a Solution. So the truth is out, and it's time that you focus on what IS, verses on what ISN'T.
- Plan, Then Work the Plan. Once you've drafted your list of possible solutions, pick one and begin crafting a plan. Not sure how to start or what to do?
Using these four lessons, I now run a successful business, and no longer struggle financially.
Tiffany Aliche, better known as "The Budgetnista", is America's favorite financial educator and she's here to answer your money questions.
Featured image by Getty Images
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ItGirl 100 Honors Black Women Who Create Culture & Put On For Their Cities
As they say, create the change you want to see in this world, besties. That’s why xoNecole linked up with Hyundai for the inaugural ItGirl 100 List, a celebration of 100 Genzennial women who aren’t afraid to pull up their own seats to the table. Across regions and industries, these women embody the essence of discovering self-value through purpose, honey! They're fierce, they’re ultra-creative, and we know they make their cities proud.
VIEW THE FULL ITGIRL 100 LIST HERE.
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I. An ItGirl puts on for her city and masters her self-worth through purpose.
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III. An ItGirl empowers others to become the best versions of themselves.
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Honestly, I don’t know if it will surprise y’all or not to know that a few years back, Vice published an article entitled, “Women Get Bored in Bed Faster Than Men.” When it comes to the clients I work with, what I will say is men tend to underestimate how creative women can be while women seem to overlook that men fake orgasms just about as much as they do. My grand takeaway from all of this? Folks need to be intentional when it comes to keeping the spice alive in their sex life; especially if they’re in a long-term relationship.
That’s why, when one couple came to me and asked what was something that they could do to light the fire (pun intended) in their own bedroom, the first thing that I asked was if they had ever tried wax play before. You should’ve seen the expression on their faces. LOL.
When it comes to things like that, I think that it’s still taboo for some, simply because they’ve only seen it on a movie screen or heard about it in true extreme sexual contexts — and so, they don’t think that it’s something that is “for them” when, the reality is, with the right tips in tow, wax play can be for pretty much anyone…and everyone.
So today, let’s add something new to some of y’all’s boudoir list of activities. Here are 10 things that will, hopefully, help you to see the flames of wax play (I’ve got puns all over the place today) in a whole new light.
1. Anticipation Does Wonders for Sexual Arousal
GiphyI once read an article by a mental health expert who said that anticipation is probably the greatest aphrodisiac of all. It builds excitement. It fuels curiosity. At the end of the day, it’s like a mental form of edging because you’re getting close to something that you look forward to — although you’re not quite there yet. Listen, he’s not off base because even science says that anticipation can give you a dopamine hit that can ultimately improve your sexual experiences.
Keeping this point in mind, how can watching hot wax drip from a candle and head toward your body not fuel some level of anticipation? Especially if it’s your first few times trying it? A woman by the name of Ana Monnar once said, “Anticipation is sometimes more exciting than actual events.” Just something to consider, when it comes to entertaining bringing wax play into your world, my dear.
2. Wax Play Is Peak-Level Foreplay
GiphyWe all know what foreplay is, right? Just to be sure that we’re all on the same page, a very basic definition is it’s something that typically happens right before sex in order to arouse the people who are about to have it. And since foreplay is pretty much the prelude to copulation, it’s important that “the appetizer” is damn near as good as the “main course.” Wax play can help to ensure that because, aside from what I just said about anticipation, it can also help you and your partner tap into your more sensual and seductive sides. It’s hot. It requires being mindful. And since so much give and take is involved, it requires both people to be very into the moment. Lawd. Wax play is sexy to even just think about!
3. Temperature Pleasure Is Lots of Fun
GiphyOkay, say that you’ve never played with wax (in this way) before. Have you ever incorporated ice cubes? I ain’t gonna let y’all get ALL up in my business, so…let me just say (for now) that some ice during oral sex ain’t neva hurt nobody…quite the contrary! There’s something about the unexpected cool that mixes around with the warmth of a mouth that is truly unmatched. Along these same lines, wax play brings in the heat and, what makes temperature pleasure/play so awesome is, that it uses the sensations of different temperatures to bring out different forms of stimulation.
Another thing that’s worth noting about temperature pleasure is if you’re someone who considers yourself to be on the sexually conservative side yet you do like this type of activity, whether you realize it or not, you’re low-key participating in a form of kink (yep!). This brings me to my next point.
4. Wax Play Is an Introduction to Kink
GiphyIt’s kind of interesting how some people clam up at the thought of a (sexual) kink when the reality is, at the end of the day, it’s about having a certain type of sexual experience (as opposed to a fetish that focuses on objects or body parts; like a foot fetish, for example). So, if it’s that simple, why does it intimidate a lot of folks? Well, kinks tend to delve into people’s fantasies or unconventional ways of thinking (like BDSM or voyeurism).
At the same time, the cool thing about kinks is you control how deep you want to go. Just know that if you do participate in wax play, there’s no point in turning up your nose to the whole kink thing; wax play technically qualifies.
5. Soy Does One Thing. Paraffin Does Another.
GiphyOkay, so let’s spend a couple of moments talking about the things that you need to get the most out of your wax play experience. First, please don’t be out here imitating movies. While they will have you believing that you should pull a taper candle from your dining room table and go ham with it, it’s best to go with massage candles; they are specifically designed for wax play and body massages (The Knot has a recommendation list here and Women’s Health has a list of their own here).
When it comes to candles, in general, I’m always a fan of soy because they burn cleaner and last longer. However, when it comes to wax play, two other reasons why soy is best is it’s natural and “burns lower;” this simply means that once the wax hits your body, it won’t be as hot as, say, paraffin wax will (because it has a higher burning point).
What all of this means is if you want a more comfortable experience, go with a soy (or even a shea butter or beeswax) candle. If you want to play with the big (wax play) kids, try paraffin.
Oh, and if you’re wondering if you can never use “regular” candles — I mean, it’s your body. All I’m saying is some candles are designed for wax play; birthday candles? They are not. Feel me?
6. Massage Candles Feel Incredible on Your Muscles and Joints
GiphySo, here’s the thing about massage candles: If you’ve ever had a professional massage before, your massage therapist may have used them. And if you’ve gotten a high-end mani/pedi, some paraffin wax may have come into play (no pun intended). That’s because the wax from both types of candles has health benefits that include relaxing muscles, improving joint mobility, and increasing blood flow throughout the body. And when you factor in the fact that the better you physically feel before sex, the better sex will be during it — isn’t that just one more plus for and perk of wax play? I definitely think so.
7. The Aromatherapy Is Incomparable
GiphySomething else that’s awesome about most massage candles is they have a wonderfully alluring scent to them, by design. Yes, that matters too because there is plenty of data out here to support the fact that aromatherapy does everything from reduce stress and relieve bodily discomfort to treat headaches and fight off infections (word on the street is that it may even help with menstrual cramps and menopause).
As far as your sex life goes, aromatherapy is supreme because certain essential oils double up as aphrodisiacs. Lavender, neroli, and rose are proven to improve your sexual function. Geranium reduces anxiety. And listen, if climaxing is your ultimate goal, check out “Ultimate Climax Hack? 10 Scents That Make It So Much Easier To Orgasm” and then look for massage oils that smell like, say, vanilla, saffron or jasmine. Bottom line, a good massage candle that smells amazing is going to be worth every cent that you spent to purchase it.
8. You Will Learn Communication (and Dirty Talk) on a Whole ‘Nother Level
GiphyOne of the reasons why I once penned, “Are You Ready To Apply Your Love Language To Your Sex Life?” for the platform is because, if there’s one thing that I think is so awesome about sex, is it finds a way to incorporate all five of your senses (sight, touch, taste, sound and hearing) as well as your top love languages (words of affirmation, quality time, acts of service, physical touch and gifts — if you’re open to it).
And when it comes to hearing (and words of affirmation), this is another area where wax play can be a winner because, as you’re learning what works for your partner and they learn what works for you, words have to be exchanged… perhaps even dirty ones.
And why is dirty talk so damn effective? According to scientific research, it has the ability to activate your entire brain (the biggest sex organ that you have) and when this is going on while you’re being physically stimulated — chile, the sky truly is the limit!
9. Wax Play Is Completely Customizable
GiphyYou know back when I was talking about soy candles vs. paraffin ones? Something that I didn’t mention, by design at the time, is that, although I will forever be Team Massage Candles when it comes to this particular topic, there are some known as wax play candles too. What’s the difference? Wax play candles tend to remain pretty hard (after being lit up) while massage candles are designed to melt into a liquid that you can massage on your partner’s body.
Why am I bringing this all up now? Well, it’s to serve as a reminder that wax play can be “dialed up” or “turned down” based on what you want to do. If you just want to put a twist on a massage, you can do that. If you’d like to test your partner’s tolerance level by applying more heat for longer, do that.
Just make sure that you use the kind of wax that doesn’t fully melt on shaved areas of the body (pretty sure why is self-explanatory), that you moisturize your skin beforehand (it’s easier to remove the wax…or whatever is leftover) that way and that you pour around 15-20 inches away from your partner’s body; that gives it time to cool somewhat on the way down. Oh, and if you don’t want to jack up your sheets, you might want to lay down a protective drop cloth (like this one here).
10. It Sure As Hell Ain’t Boring
Season 1 Friends GIF - Find & Share on GIPHYGiphyLast point — and it brings all of this full circle. Now that you’ve read all of the ways that wax play can benefit your sex life, how in the world could you associate it with “boring” on any level? Anything that can get you hype, cultivate eagerness, and enhance what you’ve already got going on…that is worth putting on your sex bucket list and trying at least one time, wouldn’t you say? And why can’t that time be…TONIGHT? Shoot your man a pick of a massage candle with a heart and watch him beat you home.
Then report back (with edits…LOL).
Something tells me that you’ll become a wax play fan — SOON.
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