This Real Estate Agent Makes $30K A Month In Supplemental Income
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.
When I was first introduced to Ariel Adams, it was in a small cafe in Brooklyn, New York when she was interviewing me for an intern position at The Lotus Agency, the entertainment management company she incorporated shortly after graduating from the University of Miami in 2016. Though she was no more than a year and a half my senior, I knew that Ariel was more than just her blonde hair and vivacious energy. Even working as her social media intern for her artists in the brief time that I did, I always knew that Ariel had an ambition and spirit that would catapult her into success.
Adams successfully navigated through the music industry as an artist manager for three artists and generated millions of streams on Spotify, Apple Music, and YouTube for her clients. Now as a Deputy Director at an engineering and technology company by day and entrepreneur after hours, the Maryland-bred bag securer is the dynamic 25-year-old social media guru who uses her online presence to encourage financial literacy. Known as 'The Money Realtor', this Virginia-based licensed real estate agent created "From Instagram to Instant Money", an e-book that outlines how to optimize Instagram and monetize your social media following to leverage any product or service.
Courtesy of Ariel Adams
In her e-book, Ariel treats readers to an in-depth explanation and breakdown of her tested strategies to build and monetize one's social media brand. In no more than 30 days, the 37-paged guidebook generated $40,000 in revenue through social media sales alone. Her business-related Instagram account, which focuses on real estate, investing, and personal finance tips, was the catalyst of success of "From Instagram to Instant Money".
In this installment of "Money Talks", xoNecole spoke with Ariel about having a blessed financial support system, advocating for financial literacy and the importance of paying yourself first.
On how much she makes in a year and how much she saves:
"I make six figures at my 9-5 and supplemental income with my digital products business. I average $30,000 a month from my digital product sales alone. I save 25% of my income each month. I invest 15% of that into the stock market and 10% between a high-yield savings account and 401(k)."
Courtesy of Ariel Adams
"I average $30,000 a month from my digital product sales alone. I save 25% of my income each month. I invest 15% of that into the stock market and 10% between a high-yield savings account and 401(k)."
On her definitions of wealth and success:
"I define wealth as financial freedom. To me, when you are no longer stressed over money and are living comfortably, you are wealthy. You more than likely have multiple sources of income, you don't rely on one paycheck, and own cash flowing assets. Your money makes money.
"I define success as being proud of oneself. Are you happy with your career? Are you proud of your inner circle? Do you have a well-rounded life full of joy? Do you have time for yourself and do you get to do what you want? If you answered yes, you're successful. It's not about notoriety, it's about self-validation."
On the lowest she’s ever felt when it came to her finances and how she overcame it:
"There was a point I was completely dependent on my parents after my first business didn't make enough cash for me to have a living. I studied entrepreneurship in college, so the first thing I did upon graduation was incorporate a business. I was entrenched in the music industry where I managed three independent artists. It had its moments of success, but the pay was inconsistent. There was a point it couldn't run itself and therefore I had to reevaluate myself financially. I didn't feel low per se, but I felt like I failed. I decided to apply for a career that offered consistent pay. My current job is flexible, so I am still able to work on my own businesses while being employed. Now I have multiple sources of income; it was a great decision."
On her biggest splurge to date:
"I bought a BMW X6 for my birthday! I hit $45,000 in digital product sales and used some of that money for the down payment. I bought it because my other car was seven years old, it was time for something new and current. I also felt like I deserved it!"
On whether she’s a spender or a saver:
"I am both. I make sure to follow the 50/30/20 rule. This rule says to allocate 50% of your income to needs (bills, food, rent, etc.), 30% to wants (dining out, clothes, entertainment, etc.), and 20% to savings. I tweaked it a bit as I allocate 25% of my income into savings and more than half of that gets invested. So, as I make sure to stack my stock market portfolio and 401(k), I also make sure to have fun and spend my money because I budget for it!"
Courtesy of Ariel Adams
"I make sure to follow the 50/30/20 rule. This rule says to allocate 50% of your income to needs (bills, food, rent, etc.), 30% to wants (dining out, clothes, entertainment, etc.), and 20% to savings. I tweaked it a bit as I allocate 25% of my income into savings and more than half of that gets invested."
On her savings goals and what retirement looks like to her:
"I'm currently saving up for my first home. I'm aiming to have a 10% down payment. I am also contributing to my retirement. I'd like to have an early retirement. Retirement to me looks like having the ability to travel whenever and wherever I please in luxury!"
On the importance of investing:
"Investing is extremely important to me. I advocate for financial literacy and investing is something I always preach. According to Forbes, only 36% of African-Americans participated in the stock market, and this includes retirement accounts. I think it's so important that we educate our community and learn how to multiply our money! I currently invest through Robinhood in blue-chip companies (Microsoft, Apple, Nike, etc.)."
On her budgeting must-haves:
"As mentioned, I follow the 50/30/20 rule. It's been a lifesaver. I budget my income accordingly and make sure I pay myself first. Paying myself first just means putting money into my savings and investing the instant I get a paycheck."
On her intentions behind multiple streams of revenue:
"I'm involved with multiple businesses, so I have multiple streams of income. I have my 9-5 salary, digital product sales, real estate commission, freelance income (graphic design, content creation, and consulting), affiliate marketing money (where I get a percentage of other people's products I sell), stock market dividends, and royalties (from musicians I still help out). I read somewhere that the average millionaire has 7 streams of income. At the beginning of 2020, I wrote down my goal of having more streams. I started off with just my job and royalties. I became a real estate agent to earn extra cash, invested more into the stock market, and launched my digital products."
On unhealthy money habits and mindsets:
"One unhealthy habit I had was not tracking where my money was. I didn't budget, I barely checked my bank account, I didn't have automatic deposits into my savings – I had to establish all of those things. Once I came up with a system and studied different financial rules of thumb, I calculated what I needed to do in order to multiply my money. I set up automatic transfers into my high yield savings account and Robinhood investment account. Making it automatic made it easy. My money grew tremendously. I've never been as financially responsible as I am now."
Courtesy of Ariel Adams
"I didn't budget, I barely checked my bank account, I didn't have automatic deposits into my savings – I had to establish all of those things. Once I came up with a system and studied different financial rules of thumb, I calculated what I needed to do in order to multiply my money. I set up automatic transfers into my high yield savings account and Robinhood investment account. Making it automatic made it easy."
On her money mantra:
"Pay yourself first. If you change your mindset from 'I can't afford this' to 'How can I afford this?', it'll motivate you to find the possibilities of earning and obtaining what you want. There is an abundance of money in this world and you can get your piece."
On the worst money-related decision she’s ever made:
"When I was a music manager, I paid for an artists' opening slot for a tour. It was $10,000, everything I had. The headlining artist canceled the 23-city tour two days before the start. I never got my money back and I've been in the litigation process for the past two years since the incident. I learned to 1) only invest my own money into myself, 2) don't bank your entire net worth on one thing (that's just gambling), and 3) establish contracts that a lawyer should draft."
On her budget breakdown:
Courtesy of Ariel Adams
How much do you spend on rent? "$3,150."
Eating out/ordering in? "$70/week."
Gas/car note? "$1150 for my car note. I haven't filled up the tank yet since it's a new car! 23 MPG and it takes premium, so I'd estimate $50-$60. I work from home a lot so my gas doesn't need to be filled up so often."
Personal expenses? "Monthly massages, $80 per month. Nails, $70 every two to three weeks. $10 eyebrow threading every two weeks, and $50-$150 every so often for clothes shopping."
For more of Ariel, follow her on Instagram/@themoneyrealtor.
Featured image by Instagram/@themoneyrealtor.
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.
Don’t forget to also check out the ItGirl Directory, featuring 50 Black-woman-owned marketing and branding agencies, photographers and videographers, publicists, and more.
THE ITGIRL MEMO
I. An ItGirl puts on for her city and masters her self-worth through purpose.
II. An ItGirl celebrates all the things that make her unique.
III. An ItGirl empowers others to become the best versions of themselves.
IV. An ItGirl leads by example, inspiring others through her actions and integrity.
V. An ItGirl paves the way for authenticity and diversity in all aspects of life.
VI. An ItGirl uses the power of her voice to advocate for positive change in the world.
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I Tried Beyoncé's Haircare Line CÉCRED & Here's My Honest Review
Beyoncé is snatching our wallets yet again with her latest business venture CÉCRED. In 2023, the Texas native hinted at a potential haircare line when she posted this photo causing fans to speculate that her next project would be focused on her famous tresses - they were right. Her haircare line Cécred launched on February 20 with her first drop called The Foundation Collection which focuses on haircare first, and I can only assume that a style product line for colored-treated hair will likely follow since Beyoncé is known for slaying various shades of blonde.
As a super fan since the early 2000s, it was only right that I give an honest review of the full line and purchase the Super Fan Bundle (retailed at $265) which includes the full product line of the 8 products, as well as a branded cosmetic bag. If you’re thinking, “Girl that bundle is too pricey for me,” I can assure you that for the value you're getting, the price is quite reasonable. This bundle was an intentional and marketable way to allow consumers to experience every Cécred product.
The brand messaging surrounding Cécred has been salon-inspired, and rightfully so as an ode to Beyoncé’s upbringing growing up in her mother’s hair salon in Houston. This line is backed by science and licensed cosmetologists showing that she’s done her research and appointed the experts. Cécred's IG feed has been filled with images and videos inside of hair salons including some videos of Ms. Tina herself assisting in the styling of beauty experts who visited Cécred's private salon to have the VIP treatment!
Now, have I seen influencers, consumers, and beauty stylists using the Foundation Collection at home? Yes, but I thought it was best to experience Cécred with my go-to cosmetologist who also happens to be my Auntie Tawana. She has been my educator and go-to for hair knowledge since I was a child and has had a hand in my mom's hair health which has always been goals for me. As a little girl, my Saturdays were spent sitting in her hair salon while my mama got her hair done as I patiently waited reading Jet and ESSENCE, ever so carefully eavesdropping on the conversations of the ladies who were coming for much more than just a beauty routine, but an experience.
I’d fall asleep on the plush couch in the waiting area flipping through magazines while listening to the sultry sounds of Maxwell. And I had my first lesson in breakup empowerment when I heard Sunshine Anderson’s “Heard It All Before.” So there was no other place for me to go than to see her, and because I’m her niece, I was able to visit her private salon in her home that she calls The After Hours where upon arrival I was greeted with my favorite Black-owned sparkling Rosé, candles lit, and my aunt’s breakdown of Cécred.
Yasmine Jameelah/xoNecole
But let me refocus and share my salon experience as I tried Cécred for the first time.
If You’re Wondering…Who is Cécred For?
Yasmine Jameelah/xoNecole
When news of Beyoncé potentially launching a beauty brand hit the internet, there were a bunch of predictions of what and who the line would be marketed towards and if she’d have any wig care products as she’s known for slaying her units! But she went in a totally different direction which I love, and I’m going to tell you why. Critics have questioned if Beyoncé should be venturing into the haircare industry because she is often seen in weaves and wigs, but true Beyoncé fans know that she has healthy hair and that, like many Black women, experiments with various styles.
Cécred was created for all hair types and textures, including straight to coily, virgin, color-treated, chemically processed, and heat-styled. As a Black woman who has worn wigs, had chemically processed hair, heat-styled, natural, and color-treated hair, let me tell you, this was no easy feat! The amount of money I’ve spent on my hair through its various changes just on product alone, forget styling has been astronomical.
Cécred is serving the needs of various hair types in textures and I truly believe that this is going to make Beyoncé a true competitor in the hair industry amongst brands that are comparable such as OUAI and Olaplex. Both competitor brands have similar items at a higher price point and unlike Cécred, their products and brand messaging haven’t always felt inclusive to Black women and other hair types.
Cécred has been tested inclusively and the reviews from various hair types and backgrounds of consumers are allowing the brand to stand out.
I Tried Beyoncé's Haircare Line Cécred: My Honest Review
Yasmine Jameelah/xoNecole
Yasmine Jameelah/xoNecole
My hair has never felt cleaner and it shined for well over a week following the styling (but the oil should be used sparingly if like me, oil can weigh down your hair.) Immediately when my hair touched the sink, my aunt told me that she saw all the dirt and oils lifting from my hair when she applied the clarifying shampoo. As a girl who loves my curls, I am often judgy when I use any other shampoo and conditioner aside from Pattern, but not this time.
When my aunt guided my hands across my hair, she showed me how my curls weren’t tangled, and how she didn’t need to comb out my curls before applying the moisturizing deep conditioner or the deconstructing treatment mask.
Yasmine Jameelah/xoNecole
She applied each step with care and walked me through the process, and to my surprise, the hair mask wasn’t thick - but through trial and error as a natural girl, I’ve learned that a thick mask doesn’t always equal what’s best for your hair. She styled me with a silk press that left my hair with shine and I can honestly say that each step of the line is needed especially if you are someone who changes up your hair and deals with breakage. If your hair is healthy, you can opt out of the reconstructing treatment mask but I recommend taking the product line to your salon, having a discussion with your stylist on where your hair health needs improvement, and then purchasing based on that.
We know ourselves better than anyone else, but your stylist knows your hair better than you do. I like to lead with their knowledge first and then incorporate what my hair goals are. If you’re a girly who’s committed to hair health and has either the discipline to incorporate each step at home or can bring your products to the salon, Cécred is for you no matter if you’re a silk press or a wash-and-go naturalist.
Give Cécred a try, I’ll be using the line for my hair appointments until it runs out and if I see long-term results, it will be added to the beauty regimen indefinitely.
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Featured image courtesy of CÉCRED