Lauren London On Changing Her Mindset Around Money And Teaching Her 14-Year-Old Son About Abundance
Lauren London may have garnered her riches through a career in acting, but she is now more focused on sustaining wealth for generations to come. Like in some Black households, Lauren didn’t grow up learning about financial literacy. Rather, she was always in survivor’s mode, and the people around her were in similar situations. However, she never wanted to be a slave to the scarce mentality. The You People actress opened up about her relationship with money for a live taping of Assets Over Liability during Revolt World.
“I’ve had to work on my mindset around money as well and understanding that it’s an energy too. Even when I was not making enough to pay my car note and all this stuff, I always knew that if I had to put a lot of money into something, it was gonna come back,” she said.
“I never thought with a scarce mentality. I think because I grew up around a lot of people that did, it was like (gasp), steal from Peter to pay Paul, and I was like, I don’t wanna do that. Like, I know it’s gonna come somewhere, and then it would. I’ll get another job. At one point, I had three jobs.”
Now, not only is she learning about financial literacy and investing in real estate and looking to make other investments, her 14-year-old son Kameron Carter has also taken a liken to it. The mother of two revealed that Kameron, whom she shares with Lil Wayne, began taking stock classes during the pandemic and she encourages him to have an abundance mindset.
“As far as generational wealth, my son is 14, and it’s just about like his education on it. I didn’t have education on it,” she said. “My mom struggled. She was a single mom. She had three jobs, so I knew how to hustle, and I knew how to survive, so I was thinking with the mentality of survival rather than generational wealth.
She continued, “I didn’t have the mentality of abundance growing up, so I have those conversations with my son about abundance like you can have so much for so many people, not just yourself. For your kids and their kids and the community, and so we just have those conversations a lot.”
When asked what inspired him to research investing, she cited her uncle and her late partner, rapper Nipsey Hussle, who she shares her 7-year-old son Kross Asghedom with. Outside of his music, Nipsey became known for giving back to his community and speaking about investing and entrepreneurship.
Feature image by Robin L. Marshall/ Getty Images
London Alexaundria is the contributing editor for xoNecole. She is an alum of Clark Atlanta University, where she majored in Mass Media Arts and has worked in journalism for over ten years. You can follow her on Instagram and TikTok @theselfcarewriter
'He Said, She Said': Love Stories Put To The Test At A Weekend For Love
At the A Weekend For Love retreat, we sat down with four couples to explore their love stories in a playful but revealing way with #HeSaidSheSaid. From first encounters to life-changing moments, we tested their memories to see if their versions of events aligned—because, as they say, every story has three sides: his, hers, and the truth.
Do these couples remember their love stories the same way? Press play to find out.
Episode 1: Indira & Desmond – Love Across the Miles
They say distance makes the heart grow fonder, but for Indira & Desmond, love made it stronger. Every mile apart deepened their bond, reinforcing the unshakable foundation of their relationship. From their first "I love you" to the moment they knew they had found home in each other, their journey is a beautiful testament to the endurance of true love.
Episode 2: Jay & Tia – A Love Story Straight Out of a Rom-Com
If Hollywood is looking for its next Black love story, they need to take notes from Jay & Tia. Their journey—from an awkward first date to navigating careers, parenthood, and personal growth—proves that love is not just about romance but also resilience. Their story is full of laughter, challenges, and, most importantly, a love that stands the test of time.
Episode 3: Larencia & Mykel – Through the Highs and Lows
A date night with police helicopters overhead? Now that’s a story! Larencia & Mykel have faced unexpected surprises, major life changes, and 14 years of choosing each other every single day. But after all this time, do they actually remember things the same way? Their episode is sure to bring some eye-opening revelations and a lot of laughs.
Episode 4: Soy & Osei – A Love Aligned in Purpose
From a chance meeting at the front door to 15 years of unwavering love, faith, and growth, Soy & Osei prove that when two souls are aligned in love and purpose, nothing can shake their foundation. Their journey is a powerful reminder that true love is built on mutual support, shared values, and a deep connection that only strengthens with time.
Each of these couples has a unique and inspiring story to tell, but do their memories match up? Watch #HeSaidSheSaid to find out!
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How Power Women Protect Their Finances With Smart Money Boundaries
No matter what it is, setting boundaries can be challenging, especially when those boundaries involve money. But if you want to sustain success and financial freedom, boundaries are important, both with yourself and with others.
Many wealthy successful women have mastered setting boundaries and prioritizing accountability so that they can ensure they remain that way. Let's face it: If you want a certain quality of life and you work hard to achieve that, you don't want to risk it by taking on habits that jeopardize your financial stability.
Be inspired to not only set money boundaries but keep them by taking heed to the common financial boundaries power women of today establish:
1. They pay themselves first.
Building consistent savings habits is important to wealth-building no matter how much you earn, and the practice is often one that continues even after you're well-booked and well-paid. Actress, producer, and philanthropist Queen Latifah has always been a proponent of this after learning from her mom to "save your money."
This is the epitome of the energy behind paying yourself first. You squirrel something away and take care of yourself by taking care of your future first, before paying any bills. You invest in yourself (within your means and with a budget in mind, of course).
2. They don't loan money without clear repayment rules and expectations are agreed upon.
It's awesome to be able to help people out by loaning them money, but when you don't communicate clearly about repayment (or what will happen if the money is not repaid) you set yourself up for a cycle of taking on other's debts and maybe even building more debt of your own.
Unless you're doing charity, set those boundaries early about when and how a loan will be repaid. And if you know you won't get the money back, rethink the loan altogether.
3. They create budgets that are realistic and reflect their current lifestyle.
In her book, What I Know for Sure, Oprah Winfrey wrote, “I hope the way you spend your money is in line with the truth of who you are and what you care about.” This is key for many successful women, especially when they're budgeting and investing.
Issa Rae told Money.com, "I don’t splurge just because. I will never have 17 cars. I will never have expensive jewelry. I don’t spend that much on my clothes, or shoes. I will spend money on a stylist, and a makeup artist, because those things feel necessary for work. But material things? No."
There's a clear indication that there are clear value systems sustained by what matters to them no matter how much they make, and budgeting is a huge part of that.
4. They consider the long-term effects of a rash purchase before proceeding.
It's totally okay to treat yourself, but if you find yourself impulsively buying things you don't really need or always living check to check because you've maxed out your credit card to take that sixth trip in one year, there's a problem that might put a damper on those financial freedom plans. (That is unless your trip is part of how you make your money, and it's a worthy investment into expanding your prospects.)
Successful women are conscious of the long- and short-term effects of purchases, small and large. They're always thinking about how one action can impact the bigger picture.
5. They are givers and believe in the reciprocity of that.
Many of us are familiar with the famous quote, "To whom much is given, must is required," and there's that undertone of service and charity that is a common thread for wealthy, successful women, especially those who run businesses or lead brands. Involving yourself in acts of service not only enriches your development and that of communities, but it increases your exposure, network, and credibility, often leading to more opportunities to make more money.
Most leading CEOs, entrepreneurs, and professionals are big on giving back, whether it is through resources, a nonprofit, money, or their time. "As you become more successful, it's important for you to give back. Even if you can't financially give back, kind words and sharing about other businesses on social media mean so much. Every little thing counts. Help out your friends and family with advice, encouragement, and support," said Angela Yee, award-winning radio host and entrepreneur.
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Originally published on August 16, 2024