
Are you interested in investing your money? Do you want to learn the ins and outs of the stock market? Maconomics star Ro$ Mac is all about his coin and doesn't mind sharing his knowledge either. Not only is he the first Wall Street rapper but his weekly segment on Revolt TV has really set the bar for what it means to pour back into the black community. Mac secures the bag, but also makes sure to pay it forward by spearheading a message of black wealth and providing the keys to the kingdom through financial literacy on social media.
Together, money and knowledge is true power and Mac's platform is proof of that fact. His videos are short, direct, and most importantly informative when it comes to the dos and the don'ts of all things investing. Mac is advocating for breaking generational curses and building generational wealth one post at a time. Recently, xoNecole had the privilege of chopping it up with the financial expert about Maconomics, the stock market, and why black wealth matters.
xoNecole: How did you make the transition from working on Wall Street to becoming a Wall Street Rapper?
Ro$$ Mac: When it came to making a transition, it wasn't that I had to choose one or the other which I was extremely grateful for. I was able to balance both roles and it was a blessing. I was able to hear myself on the radio on my way to work on Wall Street. To be honest, when I first started working on Wall Street while making music, I was very self-conscious about my co-workers knowing about the other side of me. Being a black person working in corporate America, you are very conscious of how you are perceived. Being a rapper was not how I wanted to be perceived.
What inspired you to become so well-versed with the stock market?
What truly inspired me was when I moved back home to Chicago and I was still working in finance at the time. After reconnecting and interacting with my homies that I grew up with, I realized there was a vast difference where people were in their lives based on exposure. I was considering how I could give back to my community in a dope way while simultaneously still being myself. I created Maconomics to bring Wall Street to the main street. I wanted to drop the same gems that I've been exposed to with the same people that come from where I come from. If someone is my brother, they don't necessarily have to travel the same path that I've traveled to benefit from the knowledge that I have. Life for me is about passing on the knowledge and not being selfish with it.
"I created Maconomics to bring Wall Street to the main street. I wanted to drop the same gems that I've been exposed to with the same people that come from where I come from. If someone is my brother, they don't necessarily have to travel the same path that I've traveled to benefit from the knowledge that I have. Life for me is about passing on the knowledge and not being selfish with it."
At what age did you invest in your first stock?
I was 18 and in college when I first invested in the stock market. I saw a kid trading stocks in one of my classes. I asked my economics professor what would be a good stock to invest in and she told me that no matter what, people will always need their utilities. I ended up buying G.E. for 7 bucks and it didn't really make me any money but it was a good start.
What can people expect to learn from your show 'Maconomics'?
People can expect to learn financial literacy for black culture. Maconomics allows people to learn about themselves by me addressing questions that people are too afraid or shy to discuss. Black people don't like discussing finances which are taboo in certain communities. Maconomics is a platform to bring financial literacy with a twist. I'm able to make people laugh while also educating and informing you. I'm able to give you the facts and tell you what other communities are doing and why they are richer. Maconomics is all about financial literacy and bringing it to my audience in both a comedic and entertaining way so that it will stick with you and be easy to digest.
You have started the campaign “Black Wealth Matters”. How has that decision contributed to your life and others? What does black wealth mean to you?
Black wealth is the solution to racial injustices. Living in a capitalist society, those without capital tend not to have any power. The moment that black people have more access to attaining wealth and capital, and better knowledge about getting it and keeping it. I believe from a social justice standpoint we will get a lot further in life by expanding our financial literacy. Black wealth has been kept from us in a very systematic and intentional way. When you look at what happened on Black Wall Street, redlining, and bank loans. Everything that was done in the past was done with great intent. The average black household net worth is less than 10 times of a white family. There are a lot of things that will make it right and black wealth is one of them. Black wealth is the equalizer and will take us a lot further in life.
"Black wealth has been kept from us in a very systematic and intentional way. Everything that was done in the past was done with great intent. The average black household net worth is less than 10 times of a white family. There are a lot of things that will make it right and black wealth is one of them. Black wealth is the equalizer and will take us a lot further in life."
What are some of the biggest mistakes that you have made financially?
I don't have too many financial mistakes but I have made bad investments. My biggest mistake would be the lost revenue that I missed from not investing in certain stocks.
What is the biggest misconception about investing in stocks and finances overall?
The biggest misconception is thinking that you need to be rich to start investing. You can literally start investing with $25-$50. The other misconception is that you have to be a rocket scientist to invest and that saving money is enough. All you need to do is buy an index, the S&P 500, or Nasdaq and over the long haul, you can make about 10% annually. People need to understand that saving money is not enough considering the power of inflation. Money is losing its value every year. You need to be investing your money as well.
"You can literally start investing with $25-$50. The other misconception is that you have to be a rocket scientist to invest and that saving money is enough. All you need to do is buy an index, the S&P 500, or Nasdaq and over the long haul, you can make about 10% annually. People need to understand that saving money is not enough considering the power of inflation."
What do you have to say to people of color that have a strong interest in breaking generational curses and building generational wealth?
Key practices when it comes to building generational wealth is starting now and being unselfish when it comes to thinking about the next generation. It can just be helping your kids not graduate with thousands of dollars in debt. Paying $20 a month for some type of life insurance policy in order to potentially leave your children $500,000-$1 million. Or you can open a 529 plan to invest in the stock market so that you will be investing in the stock market and your money will be growing tax-free. Try owning some type of real estate to pass to the next generation. There are so many ways to build generational wealth, you just have to get started.
It’s a fact that most Americans aren’t saving and live paycheck to paycheck, how do you advise someone who doesn’t prioritize savings to start doing so and build their emergency fund? What’s your golden rule when it comes to emergency funds?
Everyone should have at least 6 months worth of emergency funds. Start treating savings like it's a bill. Don't just pay your bills without paying yourself first. Automation makes it easier to save. Before you have the opportunity to spend that money, it's already set aside and you're able to invest in your retirement without even thinking.
Let’s say, we want to retire as millionaires, what are some seeds we could be planting now to ensure that we reap the fruits of our labor when we’re ready to retire?
If you want to retire a millionaire, practice investing every month. Investing $300 every month in an equity portfolio that will get you on average 8-10% which is a million dollars in 30 years. Making investing easy and not hard by automation. Try to invest a few hundred dollars every month. Find power through the power of compounded interest. Interest on interest is equivalent to racks on racks.
"Find power through the power of compounded interest. Interest on interest is equivalent to racks on racks."
With this being a season of unemployment in epic proportions and a recession looming, answer this important question: should you be dating while broke?
Dating while broke is very crucial. I don't think you should do anything beyond your means. Dating while broke is the same as clubbing while broke. Why would you be in the club spending money you don't have? I believe you can date on your way to being financially free but I don't think you need to incur unnecessary debt while dating. Date within your own budget and means. You can date for free. You have to be honest with the person you are dating. Don't lose track of your financial goals because you are trying to impress someone. The issue is when people don't stick to their financial plan. It's all about having a conversation about your dating expectations.
For more of Ross, follow him on Instagram and catch him on Revolt TV's Maconomics.
Featured image courtesy of Ro$ Mac
The Real Reason You Overthink And Crave Reassurance In Love
Over 40 million Americans have an anxiety disorder. However, what if I told you that everyone on the planet experiences situational anxiety - feelings of anxiousness when exposed to certain situations - and this isn't a diagnosis but rather a part of everyday life?
Given the prevalence of anxiety, it's quite possible that symptoms of anxiety will arise not just during the dating phase but even in the relationship phase, and it’s nothing to be ashamed of because it’s simply an effect of being human. Although it's normal to feel anxious, it's important to remember that leaving anxiety untreated can have detrimental side effects that impact our daily lives.
Relationship Anxiety: Signs And How To Overcome It
Anxiety is a common issue many people face, which can significantly impact romantic relationships. Here are several ways that anxiety can show up in romantic relationships and what you can do about them:
Relationship Anxiety Signs #1: Overthinking
The anxious brain can feel difficult to manage. People with anxiety tend to overthink situations, causing them to become anxious and worried about things that may not be a big deal. This can lead to arguments and misunderstandings in a relationship, as the anxious partner may worry about things that the other partner does not find concerning. Challenging irrational thoughts and having conversations about those that feel rational is important. Often, the quick fix to feeling anxious in a relationship is communication.
Relationship Anxiety Signs #2: Need for Reassurance
Individuals with anxiety may need constant reassurance from their partner, which can be draining for the other partner. It is important for the anxious partner to work on building their own self-confidence and trust in their partner.
Relationship Anxiety Signs #3: Fear of Abandonment
Anxious attachment, much? People with anxiety may have a fear of abandonment, causing them to become clingy or too dependent on their partner. This can be difficult for the other partner, who may feel smothered or unable to have their own space. It is important for the anxious partner to learn how to manage their fear of abandonment and trust in their partner's commitment to the relationship.
Going to therapy is often the first step to healing your abandonment wound because it’s much deeper than your partner’s actions, and if you don’t get to the root of the problem, you will continue to watch the problem grow.
Relationship Anxiety Signs #4: Avoidance
Individuals with anxiety may avoid situations or conversations that make them feel anxious or uncomfortable, leading to a lack of communication and intimacy in the relationship. If you want to build a safe and secure relationship, you have to be an active participant in your relationship. Do things like couple experiences or card games to enhance emotional intimacy and build a safe relationship you don’t want to run away from.
Relationship Anxiety Signs #5: Control
Anxiety can lead to a need for control, manifesting in a relationship as controlling behavior. This behavior can come from jealousy and other issues, and it can become destructive and damaging to both partners. It is important for the anxious partner to manage their anxiety and develop healthier coping mechanisms. Remember, being in a relationship does not mean you own your partner. Control is a personal issue that your partner cannot fix for you.
Trying to rob them of their autonomy will cause friction and lead to relationship dissatisfaction based on your inability to be a secure partner. Get the help you need by working through your fear of letting go and discerning where your controlling behavior stems from.
Relationship Anxiety Signs #6: Perfectionism
People with anxiety may have a tendency towards perfectionism, leading to unrealistic expectations and pressure in the relationship. It is important for the anxious partner to learn how to manage their anxiety and develop a more realistic and compassionate view of themselves and their partner.
Anxiety can have a significant impact on romantic relationships. It is important for both partners to work together to manage anxiety, develop healthy coping mechanisms, communicate effectively, and trust each other. However, it is also important to do the inner work, as anxiety can be an internal issue that your partner cannot fix for you.
If you want to build a healthy relationship, you must contribute to it by engaging in healthy behaviors.
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Featured image by Shutterstock
Originally published on July 14, 2023
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- True Life: Dating The Wrong Men Triggered My Anxiety & Depression ›
24 hours in a day. If there is one thing that we all have, no matter what, it’s 24 hours. And yet, if someone were to ask you to account for every moment of that time, would you feel good about your answers? Meaning — do you think that, for the most part, on a consistent basis, you make the best use of your time? Because if there is one reality that we all can’t avoid, it’s the fact that just like we get 24-hour days, once they are gone…they are gone forever.
And that’s why it’s so important to have some sort of time management regimen in your life — and that is exactly what we are going to dive into today, because, although some people like to deflect and act like there is no such thing as wasting time, that is absolutely not true.
I’ve shared before that waste means “to consume, spend, or employ uselessly or without adequate return,” and if you are doing things that don’t really give you an ROI on the minutes and hours that you will never see again, to a large extent, you are definitely wasting your time. One way to avoid doing that is to manage your time wisely, and one way to do that is to incorporate a quote by author Stephen Covey: “The key is not to prioritize what's on your schedule, but to schedule your priorities.” That’ll preach. A few sermons.
So, how can you know, without question, that you could stand to do some fine-tuning when it comes to time management? Well, for starters, if the following eight things apply to you on some level, you definitely could use some work on improving your time management skills. ASAP too.
1. You Spend Too Much Time on Social Media
GiphyReportedly, 10-15 percent of marriages are sexless. To be a part of category, it means that you have sex with your spouse no more than 10-12 times a year. What this basically boils down to is if you only engage in copulation once a month, you technically fall into this demographic (by the way, you’re considered to have a healthy marital sex life if you engage in coitus no less than once a week).
Where am I going with all of this? Well, whenever I have clients who are sexless and one or both of them tell me that they don’t have time for intimacy, one of the first things that I ask is how much time they spend on social media — and boy, you should see their faces. LOL.
There really is no telling how many times I’ve shared on this platform that most people spend somewhere around 2.5 hours, daily, on social media AND that most people are fine with intercourse lasting between 7-13 minutes. So nah, it doesn’t fly that if you’re not gettin’ it in with your partner, it’s because you’ve run out of time. A quickie alone gives you PLENTY of it.
It won’t feel that way, though, if you’re on social media for — shoot, the length of time of a movie (and then one sitcom episode). And that’s what you’ve got to watch about your time, in general, because if you are online a whopping 150 minutes each and every day — think about all of the other things that you could be getting done: exercising, meal prepping, goal-setting, catching up with family members and friends…so much, chile.
Social media as a form of entertainment or escapism is cool. Most experts say that beyond 30 minutes a day is leaning into it being somewhat counterproductive, though (unless you are getting actual work done on it). So yeah, if you want to become a master at time management, using self-discipline while being on your social media accounts is a great way to start.
Social media time management hack: Turn on a 30-minute sitcom and scroll as you watch it. Once it’s over — BING! You know that you’ve been on IG, TikTok or Facebook for 30 minutes straight.
2. You Are (Almost) Always Late
GiphyBack in my 20s, it was nothing for me to be late — if I showed up to something (that I said I was coming to) at all. And boy, was I being selfish, entitled and disrespectful of other people’s time. Yeah, you don’t really realize until you’re on the receiving end of someone’s tardiness (especially perpetual tardiness) just how irresponsible it can be to not show up at the time when you said that you would. Because really, if it — whatever “it” is — was gonna be, whenever, why was a time set in the first place?
Not to mention the fact that being late tends to have a ripple effect because, unless you and someone else were going to be together for an entire day, they typically have other things to do after leaving you — and your lateness could affect their already planned schedule.
Effective time management means that you plan things when you know that you can do them, you give yourself enough time to arrive on time — and if, for some reason, you’re going to be late, you respect the person enough to let them know.
Besides, people who keep schedules tend to be less stressed — and because they value other people’s time enough to not waste it, their relationships tend to be more easy-going too. That’s because respecting time cultivates trust; it makes you appear reliable which is always a good thing.
How to be on time hack: Add time to your time. What I mean by that is, if you told someone that you would meet up with them at 6:30 and you are 20 minutes away, add 20 minutes to that time. It helps when it comes to unexpected traffic and prevents you from rushing.
3. You Don’t Have Daily Goals
GiphyIdle hands are the devil’s workshop. King Solomon was once inspired to say that. Hmph. While we’re here, he also said that idle lips are his mouthpiece (just sayin’ — Proverbs 16:27). Anyway, as far as the hands thing, when you don’t have goals, it can be really easy to waste time — maybe because you’re bored, maybe because you’re antsy, maybe because, whether it’s consciously or subconsciously, you are looking for ways to use up your time. Problem is, when your time isn’t being utilized wisely, you can end up killing time — time that you will never get back.
It can’t be said enough that we all get the same 24 hours in a day and within each day, many productivity experts say that it’s important to have somewhere between 3-5 daily goals. It’s a good way to use your time wisely, to feel inspired and motivated and to make progress in various areas of your life.
How to set daily goals hack: Before turning in each night, pull out a journal or your phone and jot down three short-term goals that can be done the following day and two longer-term ones that you can start on. Make sure one long-term goal can be completed by the end of the week.
4. You Overestimate Your Multitasking Capabilities
GiphyMozart once said, “The shorter way to do many things is to only do one thing at a time." That said, I am always tickled whenever a female client (it is ALWAYS a female client — LOL) brags to me about how good she is at doing a million things at once. Listen, just because you can do that, it doesn’t mean that you are doing each of the things well. Science says so. And while some experts say that two is the limit and others say four, when it comes to checking things off of your to-do list, try to avoid doing several things at one time.
For one thing, it reduces the chance that you will make a mistake or overlook something. Also, it can prevent you from feeling anxious or frazzled. Yeah, even if you think that you are getting a lot done by multitasking, it can create unnecessary pressure and stress into your life and who needs that? It can also up your chances of doing things over — and that definitely can be a waste of your time.
How to multitask less hack: Meditate before starting your day. This means not looking at your phone, especially. Why? Because when you see all of the texts and notifications that are in it, that is typically what tempts you to attempt multiple things at once. Instead, ease into your morning quietly and calmly. Then prioritize what needs to be done and only do two things at a time.
Knowing that you were thorough is so much more satisfying than feeling like you did five things at once at an average level.
5. You Overwhelm Yourself
GiphyKnow what else can come from super multitasking — you find yourself feeling so overwhelmed that you become mentally and physically stagnant. In fact, many mental health experts say that it is very common to find yourself procrastinating whenever you are overwhelmed. Why? Well, when you sit and think about doing things that you may not want to do, that can overwhelm you.
At the same time, if you keep putting off what you need to do (good or “bad”), for days on end, until stuff piles up, the very thought of getting it all taken care of can tempt you to procrastinate — which only leads to a bigger pile of stuff to get overwhelmed with.
As a result, rather than what needs to be done, you intentionally seek out distractions that don’t really benefit you in the long run (more times than not).
How to stop overwhelming yourself hack: Write down what needs to be done in the order of their importance. Then go for a walk to clear your mind and commit to doing a couple of the things upon your return. Do them and then take another quick break before doing a couple more. The breaks will keep you from feeling stressed out from the weight of it all. Think of it like tearing down a mountain — a stone at a time.
6. You Don’t Have a Sleep Schedule
GiphyYou NEED sleep. Sleep IS NOT a luxury. And for goodness’ sake, stop saying that you’ll sleep when you’re dead? You’ll be dead when you’re dead. All of this said, I doubt that health experts will ever state that you won’t need between 6-8 hours of sleep every night. Sleep boosts immunity, so that you don’t “lose time” getting over being sick. Sleep gives you energy, so that you can actually get things done. Sleep helps with your cognitive function, so that your memory, concentration and productivity are intact, so that you can do things well.
A lot of people waste time because they aren’t performing well and it’s all because they aren’t getting the quality rest that they should. If you are one of these individuals, you should really consider implementing a sleep schedule. At the end of the day, all it means is you are prioritizing sleep — because you absolutely should.
How to start a sleep schedule hack: A part of what comes with having a sleep schedule is incorporating a bedtime routine. Check out “These Sleep Hacks Will Make Getting A Good Night’s Rest So Much Easier” for tips on how to make that easier for you.
7. Pleasure Isn’t Prioritized
GiphyRecently, a friend of mine wrote to me to say that their boyfriend (of quite some time) decided to, pretty much out of nowhere, break up with her a week before her birthday. When I asked her what her availability was so that I could treat her to lunch or dinner, she shared with me that most nights, she is working until 10:30pm. What in the world, chile?
If you don’t have a good and consistent work/life balance, you also low-key suck at time management because you absolutely were not put on this earth to do nothing but work all day and night long. SMDH. Pleasure is about enjoyment and some of your time is absolutely to be filled with that. If you don’t carve out leisure time to do things that make you happy — you 1000 percent suck at time management.
How to prioritize what pleases you (more often) hack: One hour a day during the week. No less than three hours, at least one day, on the weekends. Devote that time to nothing but what you enjoy doing. It keeps the stress levels down and also makes it easier to do the tasks that are less fun that need to be done.
8. You Don’t “Tithe” Your Time
GiphyAlthough tithe is a word that most of us don’t hear unless it’s in reference to church (Malachi 3), the word actually means “a tenth part or any indefinitely small part of anything” — and yes, when it comes to your time, it’s really important to tithe it out when it comes to things like your health regimen, self-care and decompression.
So, that said, be honest — do you tithe your time in the sense of making sure that within your 24-hour day, time is set aside for certain things? Now, to be fair, 10 percent of 24 hours is 2.4 hours, right? So, while some of these things might need to be combined — doing some yoga while binge-watching a show would qualify as “tithe timing.” So would taking a bubble bath and listening to your favorite podcast.
How to tithe your time hack: No matter what is going on, make sure that 2.4 hours, DAILY, is set aside for a bit of “you” time — you in the sense of doing what reminds you to prioritize yourself.
BONUS: You Remain in Cyclic Nonsense
I can’t believe that it’s basically been a year since I released my third book (what is time?). In it, there is a chapter entitled, “The Nice Guy Narcissist” and although the man’s name (and certain details that would make it clear to some folks who I am talking about) isn’t present, my circle knows who I am referring to.
Anyway, one of my friends loathes him so much that she doesn’t deal with him on any level — even has him blocked on social media. Meanwhile, a guy who has been basically wasting her time since she was a teenager (who she allows to put her through all sorts of mental and emotional roller coaster rides and she’s middle-aged at this point), they play the block/unblock game on a monthly basis.
That same energy she has for who hurt me? She needs to give her own self a triple portion for the clown in her life. In fact, I’ve said to her that I think she is actually projecting on “my guy” because she doesn’t have the courage to do the same with her own (ouch and amen).
And that is why the video above this point is so fitting. Yeah, I’m pretty sure that you’ve seen a hamster in a hamster wheel before. Hmph. All that running and not getting any damn wear. Cyclic patterns are just like that — and if you are in a cyclic situation, how can you NOT be wasting your time? What can going around and around and getting nowhere be a way of using your time wisely. You wanna master time management? Leave the people, places, things and ideas that are counterproductive AF TOTALLY alone. FOR GOOD.
A way to get off of your own hamster wheel hack: The thing that is your “wheel,” think about the ways that it takes you backwards and keeps you stuck. Then get REALLY HONEST about what needs to be done to move you forward. THEN DO THAT THING.
____
Author Micheal Altshuler once said, “The bad news is time flies. The good news is you're the pilot” — and as I wrap this up, when it comes to time management, truer words have not been spoken.
The beautiful thing about time management is you have the ability to manage your own.
Hopefully now you know how to do that a bit better.
So that you can get the absolute most out of your time.
Amen? YES.
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