Money Talks is an xoNecole series where we talk candidly to real women about how they spend money, their relationship with money, and how they get it.
Ladies, I don't know about you, but when I see other women making their coin and a name for themselves through their passions, it just makes me feel all fuzzy inside. Especially when those women spread the wealth of knowledge to help other women earn extra income and secure all of the bags in the process. Contrary to popular belief, there is enough to eat sis, so we can all have a seat at the table. Lyn Allure, founder of Good Girls Gone Boss, is someone who believes that it pays to pay it forward.
The Toronto-based entrepreneur took advantage of the power of the internet and has been able to create multiple streams of income by changing her mindset around money and educating other women on how it's done. With a background in finance, Lyn used her experience in corporate and her bachelor's in Business Administration to jump-start her journey into entrepreneurship. Since leaving her corporate job seven years ago, Lyn has been able to harness the power of the internet to spearhead successful online businesses, including a successful YouTube channel.
Courtesy of Lyn Allure
In July 2020, Lyn launched her online platform Good Girls Gone Boss. She explained its inception, "I started Good Girls Gone Boss as a solution for other entrepreneurial-minded women to connect and share gems along this business journey. When I first started making money on social media and growing my brand, it was a very isolating process. I was in my own little world most of the time. None of my friends were into social media at the time, but I knew I had an interest in YouTube and I saw the potential there."
Lyn continued, "I thought to myself, 'If I can turn a fun hobby into more money, then why not?' So I had to learn how to do things on my own, like how to inquire about brand deals, tips for Google AdSense, affiliate links, etc. After I started to see the money coming in, I thought it would be helpful to really make this community with Good Girls Gone Boss because I figured other women felt isolated as well."
As a solution and a resource, Good Girls Gone Boss offers weekly YouTube videos surrounding personal finance tips, an exclusive community that includes hands-on support and trainings, and financial resources such as a budget workbook. The platform is a space for a community of unapologetically, ambitious bosses who are looking to design, plan, and execute their dream life.
In this installment of "Money Talks", xoNecole spoke with Lyn Allure about how normalizing financial literacy, staying humble, and making your money work for you are the keys to creating financial freedom.
On the definitions of wealth and success:
"With wealth, I believe that aligns with being financially free. To be able to live a quality of life without worrying about if you can afford it or not. I also consider someone being wealthy by the company they keep. You are only as wealthy as the people around you; whether that means helping your friends to get to your level if they are struggling, or passing down wealth for future generations.
"Now, with success, to me, is simply happiness. Not just being content, but being proud of yourself for where you are in life and in a state of bliss. We know success can be different for different people. Success can mean making six figures for some people and for others, it has nothing to do with money at all. Whatever success may mean to you, it should definitely include happiness."
On unhealthy mindsets about money she had to let go of:
"One thing for me was, the idea [that you have] to spend money to make money. You know that saying, 'scared money, don't make money'? That is absolutely true (laughs). I grew up in the hood, so I thought the best mindset about money was to make a lot of it and then save a lot of it. But the reality is, it is not just about how much money you make. It's about how much money you make and how much you invest in order to make more. When you invest, now you have equity and assets that produce income for you. I had to really change my mentality with money early on, in order to get to where I am right now."
"The reality is, it is not just about how much money you make. It's about how much money you make and how much you invest in order to make more. When you invest, now you have equity and assets that produce income for you."
Courtesy of Lyn Allure
On her investments:
"Right now, I have two main investments. My first investment is a single-family home investment property with tenants. I currently reside in a condo because I have no desire to live in a single-family home for myself. I am not going to be mowing the lawn or doing those other things (laughs). But with my property, I am thinking about renovating the basement and renting that out as well. My second investment is stocks. I try to invest in stocks on a regular basis with buying index funds and stocks in companies I truly believe in."
On her biggest tip to beginner investors:
"Something that people often think, is that we need to be involved in the finance field 24/7 in order to be a successful investor. That's honestly not the case. If you put money away periodically or every month into an index fund or an ETF, it appreciates. You will be able to see a 7-10% return on that every year. This way is low effort and it's definitely better than just putting your money away into a savings account."
On the worst money-related advice she has ever received:
"That scarcity mindset around 'don't spend your money because you don't know when you are going to get it back' needs to be thrown out the window (laughs). There is an abundance of money out there and it's really about reframing your mindset around it. A phrase I like to follow is 'a dollar today is worth more than a dollar tomorrow.' So for example, if I am holding on to $10,000 in my savings without putting [it] into an investment opportunity, in 10 years that $10,000 will be worth around $9,000. The money loses its value. You have to treat your money like an employee and let it work for you."
"There is an abundance of money out there and it's really about reframing your mindset around it. A phrase I like to follow is 'a dollar today is worth more than a dollar tomorrow.' You have to treat your money like an employee and let it work for you."
Courtesy of Lyn Allure
On the money mantra she swears by:
"I would say my mantra is 'what doesn't get measured, doesn't get managed.' What I mean by that is, a lot of people do not know what their financial standing is. It can bring up so much anxiety for people because they don't want to face those hard facts of their spending habits. But I find that once you get over that hurdle and really know what your hard-earned numbers are, you realize what steps you need to take to improve it. It's important to manage your money no matter what financial state you might be in. But remember you can't manage it if you aren't measuring it."
On the early challenges that came with starting her business:
"The inconsistency of cash flow when you first start out is real (laughs). I remember one month I made five figures and then the next month I made three figures. I was like ummm, what's going on here? (Laughs) I definitely wasn't prepared for it at the time. But luckily, I referred back to what I preach to my Good Girls Gone Boss community. Do not rely on one stream of income. Think of it as a table. Every single leg is a stream of income. If you only have one leg, then if it collapses, you collapse too."
"Do not rely on one stream of income. Think of it as a table. Every single leg is a stream of income. If you only have one leg, then if it collapses, you collapse too."
On the most important lesson she's learned about creating wealth:
"I have always had this hustler mindset where I had multiple side hustles in college. So I have always been thinking to myself, 'Where's the next job and where's the next check?' (Laughs) But what I have learned is that, I do not need to have multiple jobs in order to make all this money. It is not the key to creating wealth or financial freedom.
"There are only 24 hours in a day. Finding a way to make those passive streams of income with a business has definitely been an eye-opener for me. You also do not need to make a certain amount of money in order to make passive streams of income for yourself. Whatever your salary is, you can still make things happen, especially on the internet."
Read more money mindset conversations in xoNecole's "Money Talks" series here.
For more about Lyn Allure, follow her on Instagram @lyn.allure. You can also subscribe to her YouTube channel here.
Featured image courtesy of Lyn Allure
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Virgos are a sign of the mind. So, when you are looking at the love life and compatibility of a Virgo, you must start there. A Virgo’s heart is in their head, and they try to make decisions in love that are practical, well-thought-out, and that make sense to them. They love just as deeply as any other sign, but they also know that keeping their head on their shoulders will keep them out of trouble.
A Virgo wants a partner who is going to make life less stressful for them, and that only adds positively to their life. They will not commit to just anyone, and Virgo intellectualizes everything.
Yes, everything, including their relationships. They are known for their high standards, but this energy is matched by the dedication, loyalty, and thoughtfulness they bring into their relationships. There is a lot of thought that goes into who Virgo forms relationships with, and if you have caught the eye of a Virgo, you should feel special because that is no small feat.
Virgo Compatibility and Best Matches for Love
Virgo’s compatibility is unique because, at the end of the day, Virgo is a mutable sign, and they are always shifting and changing themselves. They value certain traditions in relationships, but they are also more progressive in how they go about things and who they attract. Virgos are looking for a partner who is intelligent, inspiring, and stable. They are the type of people to easily get the ick, so if you are interested in a Virgo, make sure you have it together before approaching them.
Virgo doesn’t have a hard time saying no, and they may have a lot of “no’s” before they find their person.
Once Virgo is in love and finds their person, however, it’s like a light has been sparked in them. A Virgo in a relationship brings out a whole different side of this earth sign, and when they feel safe enough to relax and just love, be and give, they are at their best.
Virgos are always there for their loved ones, they are smart, sexy, and they make great partners to have.
VIRGO + ARIES
Virgo and Aries are attracted to each other almost immediately. There is a fun, childlike wonder they both have when they are together, and they have a lot of insight to bring to the relationship. However, these two are often challenging each other as well. Aries wants to break down Virgo’s walls but may do so in a way that turns Virgo off. Virgo wants to keep up with Aries' energy levels and free-spirit nature, but Aries may find Virgo too wishy-washy to commit to.
Virgo and Aries see each other in very different ways than most others see them, and it’s hard to tell if they are absolutely in love with each other or if they secretly despise each other. If they can learn to work together rather than divide, then this relationship can bring a lot of abundance to each other’s lives.
VIRGO + TAURUS
Virgo and Taurus are a sweet couple. They are very enamored with each other, and they form a dedicated, loyal, and loving relationship. Virgo doesn’t have to try hard to win the affection of Taurus. The Virgo senses that they are accepted and loved by Taurus just as they are, and this is beautiful for Virgo. Taurus feels Virgo is strong, hilarious, and loving. Taurus admires Virgo's loyalty and the effort they put into their life and their relationships and wants to form a bond here.
The great thing about earth/earth sign relationships is that they get to know each other better than most, and they feel safe in each other’s presence. Their energy in the bedroom is magnetic, and they are often dancing in sync with each other. However, if a betrayal happens or trust is lost, this will be the detriment of the relationship in the long term.
VIRGO + GEMINI
This is a curious, exciting, and intense relationship. Gemini inspires Virgo but can also deeply trigger this earth sign through impulsiveness and irrationality. Gemini and Virgo are both ruled by Mercury, the planet of the mind. There is open communication in this relationship which is the couple’s strong point, but for Virgo, a lot of this tends to lead to overthinking. Gemini doesn’t make sense to Virgo, and Virgo doesn’t like when they can’t make sense of something.
Gemini doesn’t sense this from Virgo and just wants to have a conversation with the mind of someone who is so intriguing and unusual to them. Their openness mentally and in the bedroom are what fuels this relationship, but there may not be enough compatibility and stability here in the long run. The relationship between Virgo and Gemini is often better as a friendship or business relationship at the end of the day.
VIRGO + CANCER
Virgo and Cancer form a loving and sweet relationship. Cancer is instantly intrigued by Virgo and finds them endearing. Virgo can sense Cancer’s attraction toward them right away and want to learn more about this mysterious water sign. Virgo is interested in Cancer’s emotional world and learns a lot from Cancer about their own emotions. Although Cancer’s heart may feel too overpowering for Virgo’s rational mind and Virgo too analytical for Cancer’s openness, this usually isn’t a dealbreaker for them.
This is a relationship that is in it for the long term, and it often just works. What they both provide or want to provide in the relationship fits with one another, and this is a relationship that continues to get better with time. They are both best friends and lovers, and if they live together, their home would be clean, safe, and comfortable.
VIRGO + LEO
This is a passionate, rejuvenating relationship. Virgo and Leo are royalty, and when they come together, they exude this type of regalness and empowerment. They are both highly self-aware individuals, and where Leo expands energy, Virgo creates it. Virgo loves to be needed and valued, and Leo wants to be admired and adored. Virgo feels purposeful in this relationship as their attention to detail, dedication, and genuine acts of service are all acknowledged by Leo.
Leo feels like they are truly being seen in this relationship, as they feel Virgo’s keen eye and attentive love.
The only downfall of this connection is that Leo needs to lead, and Virgo doesn’t choose between leading or following but absolutely doesn’t prefer the latter. Virgo isn’t as submissive as Leo may assume at first, and perspectives and egos can clash here. If these two are looking for a power couple in life, however, this could definitely be it.
VIRGO + VIRGO
Virgo and Virgo are an odd yet beautiful couple. Virgos are one of the only signs who respect their own sign but aren’t necessarily attracted to the energy as well. No two Virgos are exactly alike, and although Virgos will see the similarities between each other, they will also feel like their own weaknesses are being highlighted in the process, and this is an uncomfortable mirror of a relationship.
Virgos love to make sense of things, yet are very hard to make sense of. In a relationship where both signs are mutable, it can be hard to stabilize the energy and grasp what is going on or commit. They will have funny banter and intellectual conversations and will tend to each other’s needs but may feel like something is missing between the connection at the end of the day.
VIRGO + LIBRA
Virgo and Libra don’t seem fitting at first until you dive a little deeper. Virgo and Libra uniquely understand each other. Libra highlights Virgo’s beauty and wants them to recognize more of their inner confidence and self-assurance. Virgo helps Libra think rationally and make decisions that benefit rather than create more drama. The problem, however, is that they may start to feel that they are stepping on each other’s toes.
Neither sign is too confrontational, and this relationship can be filled with a lot of beating around the bush and passive-aggressiveness. When they’re sweet together, they’re sweet. When things aren’t going well, they may go too low and hurt one another. This relationship has a lot of potential, but work will need to be done to make sure things don’t end in heartbreak here.
VIRGO + SCORPIO
Virgo and Scorpio are a match made in heaven, most of the time. No relationship is perfect, but it comes pretty close for both of them. They are both very intuitive, loving, and perceptive individuals, and they bring a lot of the same energy into the relationship. They have a genuine connection they don’t have to fake or work too hard to obtain, and these two love to spend time together and be in each other’s company.
Virgo and Scorpio are a lot alike, but they have enough differences to keep things exciting and help each other learn and grow as well.
The love between the two is felt right away, and you often see Virgo and Scorpio pairings in close family and friend relationships, as well as long-term romantic couples. There is a safeness felt in this relationship, and if they are both in a healthy, evolved stage in life, this relationship is like magic for both of them.
VIRGO + SAGITTARIUS
This couple isn’t one you see often, and when you do see it, you can tell how out-of-the-ordinary, yet so fitting, this relationship is. Think Beyoncé and Jay-Z; this is a great example of a Virgo and Sagittarius relationship. It works because Sagittarius opens up a new world to Virgo and brings out their fun side. They help Virgo not take things too seriously, and this is a couple who knows how to have fun together.
Sagittarius is inspired by Virgo as well. Being a philosophical sign, they admire Virgo’s intellect and belief systems, seeing Virgo as someone who at times, is a little uptight but also respects their stature and the way they handle themselves. This isn’t an easy, compatible relationship, but if they are willing to work together and learn about each other, it can work out.
VIRGO + CAPRICORN
Virgo and Capricorn are soulmates. This is a relationship where they naturally get each other, and they flow in sync with one another. There is a special bond between a Virgo and a Capricorn, and this bond usually lasts long term. Neither sign gives too much energy into things they don’t think are going anywhere, and with each other, they give a lot. There is something to say about earth, and earth sign relationships, however, things can get stale or stagnant after a while.
The comfort they feel between each other is unforgettable, however, their similarities may be their downfall unless they aren’t actively growing as individuals and in the relationship as well. All this relationship needs is some extra spice, fun times, and more emotional openness with each other, and it has all the chances of making it down the aisle if that is what they are both looking for.
VIRGO + AQUARIUS
Virgo and Aquarius have a mental connection more than anything. They get where each other is coming from, and with the high intellect they both have, this relationship is full of conversation, laughter, and friendship. Aquarius values a mental connection the most in their relationships, which is why they are often very intrigued with Virgos.
Virgo, however, tends to need more than Aquarius is willing to give emotionally.
Virgo needs alone time and handles emotions more rationally, as does an Aquarius, but Virgo is more sensitive to matters of the heart and does need more reassurance here. This pairing may be better off as friends unless they can bridge the gap between each other that is deeply felt.
VIRGO + PISCES
Virgo and Pisces have a unique relationship full of magic, dreams, and also some tough lessons. They are sister signs, meaning these two are on the exact opposite sides of the zodiac wheel, and they have a special kind of relationship. They are basically everything the other is not. They go together like yin and yang, but they can also deeply trigger each other as well due to the opposition. The positives of this relationship are that they are both givers and they are intuitive of each other's needs.
Virgo and Pisces are both very selfless and compassionate in their relationships, and they give each other this type of understanding and attentiveness in love. There is something genuine about the connection between this pair that makes you believe in the impossible.
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Featured image via Getty Images