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 spend it.
Lately, there's been a lot of chatter around Forex and cryptocurrency, but do we really know what it is or how to use it? Thankfully, Umanagement Public Relations' lead publicist Milan Mobley is a business coach, Forex trader, and investor willing to dispel any myths about the system for us. Though the D.C. native is well-known for her work as a full-time entertainment and corporate publicist, she has developed a passion for teaching millennials how to build generational wealth and deeper understanding of multiple streams of income. "I entered the Forex market almost three months ago, my girlfriend Che` introduced me to it. She's been in this space for a few years now. She ended up taking a break to focus on her career full-time, but she never lost touch," she told xoNecole.
During the pandemic, Milan's business slowed down and she began to fall into a depression due to the unexpected pivot of her business thanks to COVID-19. From there, her friend began to show her the ropes and through following by example, Milan is now developing a steady cash flow and effortlessly recouping from any financial loss she may have suffered. "Now I am still growing to be a master of the art but it is a skill that I am forever grateful for. It changed my life when life was changing the most."
Courtesy of Milan Mobley
Now with a current ranking of P1000, meaning she's been able to mentor and educate over 31 new investors, Milan is able to pay the education forward by passing along any and all information that was once given to her by her partner Che. "I made this choice based on Che`. Her mentorship and guidance made me the trader I am today, and allowed me to be educated in a space I was unfamiliar with. Becoming an IBO, I've been able to educate others on the Foreign Exchange Market who were in the same space of wanting to build generational wealth, needing an additional stream, and wanting money working for them. I do not have the conversations of becoming an IBO (independent business owner) with my mentees until I see they are being successful in the FX market."
In this installment of "Money Talks", xoNecole spoke with the Atlanta, Georgia resident on being a "Frugal Fran" when it comes to spending habits, her worst money decision, and why she believes most people think Forex trading is a scam. Check it out below!
On myth-busting Forex and why most people believe it’s a scam:
"People believe it is a pyramid scheme because they are uneducated of what the difference is between Forex and the iMarkets Academy. The Academy is the number one educational platform/software for Forex Traders. This platform was designed to assist traders in their learning about the market, learning how to trade, software and strategies to assist in developing signal points for profitable trading and a special chart known as the Harmonic scanner. All of this is to help you earn while you learn. In an illegal pyramid scheme––or scam as we like to call it––there is no way for anyone who is under the head honcho to profit as much as that one person or to exceed them. Forex trading is a skill and trait you obtain and become successful with, on your own with the proper teachings."
On what being a trader and investor has taught her about her business and personal financial habits:
"It taught me how to capitalize financially. When you first start trading, not everyone has thousands to invest. In trading, you commonly use the word 'compounding', meaning you take what you invest and you build your account over time. For example, Che' and I encourage our Mentees who are afraid of the process or have lower capital to invest $50 but only trade with $20 and build your account slowly. With those teachings, our mentees have taken $20 and turned it into $95.00 in a day. We also tell them to focus on growing your account by 10% daily.
"All in all, teaching them has taught me to focus on compounding my personal finances and act always as if I have the lowest capital possible. Using money management on your investment amount will take you further as long as you are patient and not looking to get rich overnight. Rome wasn't built in a day and neither is wealth. In the business aspect, there's a strategy and system known as S&S for everything. Based on the S&S you select/determine, your journey in business or trading can be either very simple and profitable or it can be complicated and a struggle."
"Using money management on your investment amount will take you further as long as you are patient and not looking to get rich overnight. Rome wasn't built in a day and neither is wealth."
On questions she wished people would stop asking her about Forex:
"'How early can you actually start seeing profit coming in for yourself?' And, 'How much have you made?' It's a common question and I get it. However, that is like asking a fitness trainer, 'How soon am I going to see results?' The answer a trainer would give is the same answer I give. Everyone is different, no one person is the same. How early you start seeing profit and how much profit you see is how much effort you put forth to see results."
On how much she makes per year and her savings habits:
"It is very hard for me to say how much I make a year or a month honestly, being an entrepreneur that fluctuates so much––last year after the dreading amount of taxes, I made over $90,000. Normally, I don't share numbers in my finances since I am so private but I am comfortable to share that because that was my most profitable year in business. I try to save at least $2,000 to $3,000, that way it can be split between my business and added to my personal account. I have both my high-yield savings account through Marcus by Goldman Sachs and my Roth IRA is through my long-time bank Navy Federal."
On her definitions of wealth and success:
"Health is wealth and having much abundance in your life through happiness and prosperity brings great success. Wealth to me is being able to live the way I choose to––not working countless hours and working about how much I've made or haven't made or what's to happen next. Living the kind of life that makes you happy and fulfilled. Success is truly being open-minded and opening yourself to a new level of life that challenges you to grow and develop mentally, spiritually, and professionally forever."
Courtesy of Milan Mobley
"Wealth to me is being able to live the way I choose to––not working countless hours and working about how much I've made or haven't made or what's to happen next. Living the kind of life that makes you happy and fulfilled."
On the lowest she’s ever felt when it came to her finances and how she overcame it:
"The end of last year and the start of this year was the lowest I've felt – I was tapping in and having to drain my savings and not being able to replenish it for a while due to the decline in business from COVID-19. As stated previously, I was depressed from being in this unfamiliar state. I wasn't sure which way to turn for a while. Then I started focusing more on S&S and developing residual streams and being open to learning new skills. I could have counted myself out but a big part of my system was letting go and letting God. I started doing what I could and allowing Him to do the rest."
On her biggest splurge to date:
"I have never been a 'splurger'. My friends will tell you I am very financially responsible. I don't purchase much designer, I don't shop much, I don't spend money unnecessarily. I don't spend money that I can't spend two times over. HOWEVER, I did 'treat myself' last September for my birthday and that's because I didn't go out of the country or on a trip like I normally do. So I showered myself with the Louis Vuitton boots, red bottoms, one of the top suites at the W and a private chef all weekend. I can say that was a properly planned splurge I had prepared for that moment. It's OK to 'splurge' as long as you've properly planned for it."
On whether she’s a spender or a saver:
"I am Frugal Fran––I am very much a saver. It wasn't training, I just looked at my environment and listened to mistakes others made and used that as my guide to not repeat the same steps."
On her savings goals and what retirement looks like to her:
"I make contributions to my Roth, to my 401k, business and personal savings, Digit(the savings app I use it takes money from your account daily without a notification), I want each to represent and hold six- to seven-figures in them. Retirement to me looks like never having to work again, fully enjoying life, my family, and all that it has to offer, without the worry of making money. Also, retiring in my early 40's late 30's, not the time that has been placed on us. If I can retire before my desired time frame, that is even better!"
On the importance of investing:
"It is very important to invest in my opinion––you don't become wealthy by having zero investments. The goal is to be wealthy and have a strong net worth, not to be rich. I invest in, of course, my trading, but I also have stock investments, life insurance investments, and plans to invest in property and other assets in the upcoming years."
Courtesy of Milan Mobley
"I make contributions to my Roth, to my 401k, business and personal savings, Digit, I want each to represent and hold six- to seven-figures in them. You don't become wealthy by having zero investments. The goal is to be wealthy and have a strong net worth, not to be rich."
On her budgeting must-haves:
"At one point I would have said my nails. After the shutdown from the pandemic and not having that luxury, I realized how I didn't need it in my budget. My budget must-haves now are groceries, daily incidentals, emergency fund, household maintenance, bills, work wardrobe, subscriptions for business, [and] gas."
On the intention behind creating her multiple streams of income:
"In my business, I have both live and digital courses, pop-up consultations for various aspects in business, whether it be social media, marketing, etc., e-books, digital products, business coaching, and more. When developing those streams, I wanted relief for myself––where I didn't always have to be so hands-on. I had those residual pieces and money working for me all days of the week, even when I'm sleeping. My intention behind having multiple ways to make money was to have financial freedom, build generational wealth, and to grow my companies."
On her money mantra:
"God will bless me abundantly financially if He sees I can manage a little. He will not give me a lot If I can't handle the little."
On the craziest thing she’s ever done for money:
"I haven't had to do anything crazy––I just had to learn to be still and fully rely on faith. God gave me everything I needed; I just had to use what was in front of me to pivot."
On the worst money-related decision she’s ever made:
"Investing in t-shirts was the worst money and business decision I've ever made. The sayings on the shirts were great––but it wasn't the right product, right audience, or the right timing."
On her budget breakdown:
How much do you spend on rent?
"For an entire year on rent––$20,280.00."
Eating out/ordering in?
"Monthly, around $500 eating out/ordering in and $530 on groceries. I cook for the majority of the week. But Thursday-Saturday is up-for-grabs for eating out! [There's] two of us, so it is very hard to eat out/order-in and stay with a $20 minimum."
Gas/car note?
"I don't have a car note any longer and I don't drive much because I don't go anywhere since COVID is still a thing. I spend about $26 monthly on gas. I pay $110 monthly in car insurance."
Personal expenses?
"$160 monthly on personal expenses [including] nails, lashes, personal items."
For more of Milan, follow her on Instagram!
Featured images by @heytobs and @Toontyvisuals.
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While speaking to xoNecole, Eva shares that she’s a lot like the beloved 1994 character in many ways. “Lyric is so me. She's the odd flower. A flower nonetheless, but definitely not a peony,” she tells us.
“She's not the average flower you see presented, and so she reminds me of myself. I'm a sunflower, beautiful, but different. And what I loved about her character then, and even more so now, is that she was very sure of herself.
"Sure of what she wanted in life and okay to sacrifice her moments right now, to get what she knew she deserved later. And that is me. I'm not an instant gratification kind of a person. I am a long game. I'm not a sprinter, I'm a marathon.
America first fell in love with Eva when she graced our screens on cycle 3 of America’s Next Top Model in 2004, which she emerged as the winner. Since then, she's ventured into different avenues, from acting on various TV series like House of Payne to starring on Real Housewives of Atlanta.
Je-Caryous Johnson Entertainment
Eva praises her castmates and the play’s producer, Je’Caryous for her positive experience. “You know what? Je’Caryous fuels my audacity car daily, ‘cause I consider myself an extremely audacious woman, and I believe in what I know, even if no one else knows it, because God gave it to me. So I know what I know. That is who Je’Caryous is.”
But the mom of three isn’t the only one in the family who enjoys acting. Eva reveals her daughter Marley has also caught the acting bug.
“It is the most adorable thing you can ever see. She’s got a part in her school play. She's in her chorus, and she loves it,” she says. “I don't know if she loves it, because it's like, mommy does it, so maybe I should do it, but there is something about her.”
Overall, Eva hopes that her contribution to the role and the play as a whole serves as motivation for others to reach for the stars.
“I want them to walk out with hope. I want them to re-vision their dreams. Whatever they were. Whatever they are. To re-see them and then have that thing inside of them say, ‘You know what? I'm going to do that. Whatever dream you put on the back burner, go pick it up.
"Whatever dream you've accomplished, make a new dream, but continue to reach for the stars. Continue to reach for what is beyond what people say we can do, especially as [a] Black collective but especially as Black women. When it comes to us and who we are and what we accept and what we're worth, it's not about having seen it before. It's about knowing that I deserve it.”
This interview has been edited for length and clarity.
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A part of the reason why this is so important to me is that I have worked from home for years now. Yet whether or not that is your personal testimony, I want to take out some time to encourage you to do all that you can to make your weekend hours at your own house feel as much of an oasis as possible. After all, an oasis is the perfect word for what most of us need right through here, don't you think?
Oasis: something serving as a refuge, relief, or pleasant change from what is usual, annoying, difficult, etc.
If this is exactly what you want, but you need a little help finding some inspiration, I've got 15 tips to help get you started. Ready?
1. Invest in Some Greenery
There are a few awesome reasons to have plants in various rooms of your home. They're proven to be able to help to improve your mood, make you more creative, and decrease your stress levels. Growing up, there were quite a few plants in my house, but I must admit that I like my place to be on the darker side, so I don't have any around at present. What I do have is a huge faux tree in one of my rooms, and I adore it to no end.
So, whether it's the real deal (which can also decrease indoor humidity and noise levels) or something that's just for show (click here for some of the best fake greenery around), add some plants to your place. It will definitely—and immediately—create an oasis effect.
2. Make Your Own Scented Candles
Personally, I don't know anyone who isn't close to being totally in love with candles, especially if they're scented. If you happen to be one of them but you've never contemplated the benefits that come from lighting a few of 'em up, candles provide a calming effect. Based on the scent that you choose, they can also appeal to your sense of smell and put you into a better mood. Plus, candles are a wonderful complement if you're someone who likes to meditate, pray, or journal. And, if your oasis is going to consist of a partner being in your space, candles are mad romantic too.
Thing is, candles aren't always or necessarily the cheapest things on the planet. So, if your budget is super tight, something that you might want to do is make some of your own. It might sound like quite the feat at first, but they're actually easier to make than you might think. You can get a thorough walk-through by checking out this article right here.
3. Get Some Big Throw Pillows
Other than the pillows that you've got on your bed, how many other ones do you own? Something that I dig about big throw pillows is that they immediately make a room look warmer and more appealing. Plus, there's nothing more comfortable than putting a couple of them on the floor and lying on them while listening to some music or watching a movie. As a bonus, many throw pillows are pretty inexpensive.
You can find them everywhere, from Target and Walmart to Big Lots and Bed Bath & Beyond (Apartment Therapy did a feature on where to get some higher-end ones; you can check it out here).
4. Switch Up Your Wall Art
I'm not sure what makes us think that just because we've hung up a particular picture, we can't switch it out with something else. By rotating your wall art, based on your particular mood or even season of the year, not only is it a simple way to avoid getting bored with your décor, but it can totally shift the energy of any given room in your house.
If you want some one-of-a-kind pieces, I've found some really unique and affordable prints on Etsy. Just go to the site and put whatever your favorite kind of art is in the search field.
5. Use Natural Light As Much As Possible
There are a few reasons to make the most of natural light. On the financial tip, it's cheaper than relying on your overhead lights and lamps. Also, natural lighting keeps seasonal depression at bay, helps you to get more vitamin D into your system, and can improve your quality of sleep as well.
If you're someone who is hesitant to open your window treatments up because you're worried that someone can peek in to see what you're up to, there is something called mirror window film that you can apply to your windows. It's cool because it makes it possible for you to look out of your windows while preventing others from being able to look inside of 'em.
Just know that this is designed to work during the day, not at night (as far as looking outside from indoors). Anyway, you can find rolls of the film at a pretty reasonable price at your local home improvement stores.
6. Add More Neutral Hues
If you speak with interior decorators, many of them will say that nothing welcomes the feeling of calm and tranquility quite like neutral colors do. For the record, the four basic hues of neutral are white (which represents purity and cleanliness), black (which represents sophistication and affluence), grey (which represents maturity and reliability) and brown (which represents authenticity and warmth); however, "near neutrals" (which are lighter or darker versions of the four) are great too.
Speaking of colors that are wonderful for creating an oasis-like feeling, pale pastels can also provide a feeling of serenity.
7. Cop Some Seasonal Blankets
I think one of the best things that I ever did to pamper myself was to purchase several throw blankets. At this point, I believe I've got around 10 of 'em. I just like stringing some along my loveseat and ottomans, so that I can curl up in one at any given moment while I'm chillin' in pretty much any room of my house. Just make sure to get the ones that match the season you're in. Cotton and fleece are ideal for spring and summer, while wool, cable knit, and cashmere are more ideal for the fall and wintertime.
8. Take a Milk Bath
The reason why I wrote the article, "Did You Know There's A Right & A Wrong Way To Take A Bath?" around this time last year is because the reality is, not all baths are created equal. The reason why I also wrote, "Make 'National Bathtub Party Day' Your Favorite Day Of The Year" (which rolls around at the top of every December, by the way) is because soaking in your tub is one of the most cost-effective yet also luxurious ways to pamper yourself. If you opt for taking a milk bath from time to time, depending on the kind of milk that you choose, it can perform mini miracles for your overall health and well-being.
Coconut milk and buttermilk contain lauric acid, which supports the skin and the production of collagen. Oat milk soothes dry skin and eczema-related symptoms. Goat milk helps to gently remove dead skin cells. Plus, all of these milks will moisturize your skin in a way that is simply incomparable. Just pour two cups of your preferred milk under warm running water. Then add 1/3 cup of your favorite carrier oil (like coconut oil, grapeseed oil, sweet almond oil, jojoba oil, or avocado oil) and a few drops of your preferred essential oil to provide an aromatherapy effect. I promise that you will struggle with getting out of your bathtub once you set the stage with all of this holistic healing stuff.
9. Create Your Own Massage Oil
In a perfect world, we'd all have a man who lived to give us massages on demand. But if that's not your personal testimony (mine either, chile), that doesn't mean that you have to deprive yourself. Self-given scalp massages are divine. So is rubbing your feet while you're watching your favorite show on Netflix, Hulu, UMC or a free streaming site Tubi. Just make sure you pamper your scalp or skin with an oil. Warming up something like olive, avocado or Jamaican black castor oil is good for your scalp. As far as your skin is concerned, why not make a divinely scented one? I actually happened upon a site that lists a whopping 22 different DIY massage oil recipes. You can check it out here.
10. Play Some ASMR or Soothing Music
The reason why there are articles on this platform like "Before You Pull Out Your Playlist, This Is How Music Affects Your Sex Life" is because there's no way around the fact that music is powerful—and powerfully influential. From a scientific standpoint, music is proven to do everything from slow down your breathing and heart rate and reduce stress and anxiety to relieve muscle tension and trigger the production of serotonin so that you're calmer and are able to sleep more soundly.
As far as ASMR goes, while it's only been close to a couple of years now, it has gotten to the point where I never turn in for the night without some rain or ocean waves playing in the background. There is an article I once read that said that ASMR actually has the ability to produce "brain orgasms" from a physiological standpoint. So, if you wish you could be at a beach house, trapped indoors on a rainy day, or could hike through a tropical rainforest, hopping on over to YouTube and putting in your favorite nature sounds can be almost just like being there.
11. Sign Up for a Wine Subscription
If there is one thing that gets y'all super hype on this platform, it's wine! I ain't mad about it either because wine is an alcoholic drink that has a significant amount of health benefits; especially if it's red wine. Red wine is scientifically proven to contain antioxidants known as polyphenols that will help to keep your heart healthy, the plant compound resveratrol that helps to lower your blood pressure and improve your cognitive functions, and other properties that assist in lowering depression-related symptoms. Wine also has nutrients that support you having stronger immunity and glowing skin. You can always run up to your closest liquor or even grocery store to get your favorite bottle. Or, if you're like me and you prefer to be indoors as much as possible on the weekends, another option is to join a wine club or subscription box service. You can find over 20 of the best ones by going here.
12. Order Some Takeout
Eating out isn't always the cheapest thing, especially if you're ordering food to be delivered. I'll give you that. But if you want to support local eateries in your area and enjoy a good meal without having to prepare it, that is always an option that you can take advantage of. If you'd prefer to help out a Black-owned restaurant specifically, Eat Okra is a new app that features those in your local area.
13. Or, Eat Some Calm and Comforting Foods
Really. What's the point in cultivating the perfect ambiance if you're gonna be a nervous wreck either way? Sometimes, in the effort to find a little peace and tranquility, we mess up by chowing down on foods that ultimately cause us to climb the walls (umm, like sugar). Certain foods that promote a sense of harmony are featured in the article on our site, "8 Foods That Will Keep You Cool, Calm & Totally Relaxed". Some other foods that didn't make the list, that are both calming and comforting, include homemade soup, sautéed spinach, avocado toast, grilled salmon, and turkey melts.
14. Put Your Phone on Vibrate
Tell me something. If you were on vacation right now, at your favorite spot, would you have your phone with you, 24/7? Unless you're a parent and your kids aren't with you, if your answer is "yes", please check out "8 Solid Reasons To Put. Your Phone. Down." We've got voicemails on our phone for a reason; one of them is so that we can have moments when we're not constantly checking social media notifications or even chatting back and forth with other people.
If you want to create a sense of calm and serenity on your weekends, put your phone on a charger in another room. Whatever is awaiting you on it…it can wait. It really can.
15. Sleep In
While recently checking out a pretty extensive sleep survey, I noticed that two-thirds of Americans claim to not sleep well during the week. That's a lot of people. If you're one of them, why not use the weekend to get some extra rest in? For the record, there really is no such thing as "catching up on your sleep," but being able to have a couple of days when you don't have to be a slave to your alarm clock—that can be super refreshing and a perfect way to recharge for Monday.
So, definitely make it a point to either go to bed earlier or to stay in bed a little longer on the weekends.
Get some new bedding. Sprinkle some lavender essential oil on your sheets (lavender oil is a natural de-stressor). Drink a little tart cherry juice (the melatonin in it will have you out like a light!). Sleep is a very simple way to get the peace that you've been looking for while you're in the oasis atmosphere that you created for yourself. Make sure that you get some this weekend, aight?
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Featured image by Delmaine Donson/Getty Images
Originally published on September 12, 2020