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.
From Heartbreak To Healing: The Multifaceted Journey Of Nazanin Mandi
Nazanin Mandi is never out of options.
About a year ago, the 37-year-old life coach and actress was navigating life after divorce and determined to experience homeownership for the first time as a single woman. She’d been married to the R&B singer Miguel for three years, following a long-term relationship that started when she was 18 years old. But, in 2022, she filed for divorce. It was certainly the most public change she made but, in reality, it was just one of many decisions to refocus and reach her full potential in recent years.
“During my 20s, I was not ready for more. I was living a really crazy life. It was unpredictable. I was helping somebody else grow. It was a lot, and it was intense. I was not pouring into myself the way I should’ve been,” she says in an xoNecole exclusive.
Still, as Mandi worked to get to know herself and her needs during this new phase of life, she realized the home she’d purchased wasn’t a good fit. Overwhelmed by the echoing of her voice in the spacious home, she had a breakdown and called her cousin, who immediately suggested she lease the home and live somewhere else. “I woke up in my house, and I was like, ‘This is not it for me,” she says. “All those years, I had been accustomed to living a certain way [and] in a certain house, so I bought myself a house like [my old home]. But my family was not the same. Waking up in that house by myself, it highlighted the divorce. I was like, ‘Oh, no, we can’t do this. This is not it.’ My life has changed, so my choices need to change.” At that moment, Mandi became open to the idea that there wasn’t one set way to achieve ownership on her own.
“I feel so much better. I’m in a smaller place. My best friend lives a minute from me and I can walk to her house,” she tells me during a Zoom interview from her home one recent afternoon in early February. In the past two years, she hasn’t just been advising other people on varying circumstances, she’s also been healing herself.
"During my 20s, I was not ready for more. I was living a really crazy life. It was unpredictable. I was helping somebody else grow. It was a lot, and it was intense. I was not pouring into myself the way I should’ve been."
Credit: Solmaz Saberi
If supporters began following Nazanin Mandi because of her conventional beauty or the contagious, bright, white smile she often wears in many of her photos, that’s likely not the reason they’ve stuck around. Instead, she’s amassed a following based on her transparency about her own anxiety and depression, along with the encouraging messages of self-acceptance, gratitude, ambition, and humility that are often sprinkled into her social media posts.
In an era where looking at Instagram photos of models can often lead to feelings of self-doubt and insecurity, Nazanin Mandi is determined to be more than eye candy. She’s food for her follower’s souls, too.
Since being recruited to model while dining at an In-N-Out at 10 years old, Mandi has worked in many areas of entertainment. The Valencia, California native has modeled for brands such as Olay, Savage X Fenty, and Good American. As a teen, she sang at Carnegie Hall and auditioned for season 1 of American Idol, making it all the way to Hollywood before producers disqualified her for lying about her age. (Mandi was 15 at the time, and contestants had to be at least 16 years old.) Mandi has acted, too, including appearing on Disney’s That’s So Raven as a teenager and on the BET+ series Games People Play and the Prime series Á La Carte in more recent years.
In recent years, though, she’s also expanded her professional goals outside of entertainment, too. After becoming a certified life coach in 2020, Mandi launched the membership platform You Bloome in 2022 with the hopes of providing wellness services to others, including her self-published gratitude journal. “I wish I had access to something like You Bloome earlier in my own life,” she writes on the company’s website. The actress, who has been forthcoming about her struggles with anxiety and depression, has never had a life coach, but credits therapy as a tool that “really, really saved me and it laid the foundation to who I am becoming.”
Credit: Solmaz Saberi
"I’m trying to find the balance between living life and knowing that whatever is meant for me is going to happen, but also know that I’m doing everything in my power to make those things happen and better myself."
While she’s always had a nurturing personality, Mandi says her interest in becoming a life coach was inspired by the women who would message her for advice on social media. “I would answer them back. It really sparked a fire within myself to help people,” she says.
You Bloome currently has three membership tiers, ranging in price from $2.99 to $39.99 per month. The highest tier offers a motivational text message twice a week, two live, group coaching sessions per month, and more. “We get emotional. We cry. We laugh. It’s really beautiful. I’ve built close relationships with my members through this. It’s been inspiring both ways,” Mandi says of the sessions. Still, the founder says she hopes to take on more motivational and keynote speaking opportunities in the future with the hopes of impacting as many people as possible.
And, she’s hoping to do all of this while continuing to explore a career as an entertainer.
At this point in her life, Mandi says she’s gained enough perspective on modeling, music, and acting to realize what she wants to prioritize moving forward. “We are going full force with acting,” she says, noting her goal is “to book a series regular or a film that impacts my career and the world.” She plans to continue to model, too, but has no desire to pursue music.
“I don’t want any part of that because I know what that life entails,” she says. “I don’t want to tour. I don’t want to do any of that. That is not where my heart is at.”
Credit: Solmaz Saberi
If you ask Mandi, she’ll tell you she feels most comfortable in front of a camera, but she’ll also admit that she’s recently experienced a lot of imposter syndrome when thinking about her acting career. “I think it’s a fear of not succeeding,” she says. If anything, she adds, she’s harder on herself now than she’s ever been. “There were distractions before. There’s no distractions now,” she says. “I’m putting pressure on myself for no reason.”
This is where the life coach’s own personal healing comes into play. Mandi says she’s learning recently that “slow progress is still big progress at the end of the day.”
“Currently, I’m trying to find the balance between living life and knowing that whatever is meant for me is going to happen, but also know that I’m doing everything in my power to make those things happen and better myself,” she adds.
Still, one of Mandi’s strengths is that she doesn’t feel the pressure to limit herself to just one passion. From working as a life coach to pursuing acting, she has given herself grace to explore all other dreams.
“We can be allowed to be many different things in this lifetime,” she says. “As people, our identities are allowed to expand. Don’t put us in a fucking box. I cannot live that way anymore.”
For more of Nazanin, follow her on Instagram @nazaninmandi.
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Featured image by Solmaz Saberi
12 Women Speak On Signs That You're Getting Married For The WRONG Reasons
If there’s one saying that low-key irks me, it’s “Everything happens for a reason.” Duh, and you don’t say. I don’t even know why that is supposed to come off as being any type of profound, do you? Nah, to me, I think life should be about “everything happening with a purpose,” — and that’s why, when it comes to my own life purpose (which has a lot to do with covenant-based relationships), I am so intentional about doing everything that I can to make sure that people don’t just get married for the right reasons; they need to choose the right person too.
Otherwise, they could end up in the world of an Anne Bancroft quote that says, “If you marry the wrong person for the wrong reasons, then no matter how hard you work, it's never going to work, because then you have to completely change yourself, completely change them, completely — by that time, you're both dead.”
Now, do I 1000 percent believe that marrying the wrong person for the wrong reasons equates to automatic disaster, no matter what? No. I know couples who did just that (at least on some level), and yet, because they took their vows seriously, they actually chose to make their marriage work. In fact, many of them told me that it matured them in ways that they never would have otherwise. However, that’s a huge gamble. Besides, wouldn’t it just be better to do things the right way from the jump? And that includes making sure that your motives are in a healthy and honest place before standing in front of God, your family and friends, and “him” and making all sorts of promises and pledges.
Signs You're Getting Married for the Wrong Reasons
So, let’s take some preventative measures today, shall we? With the help of 12 women in my world, I’m about to share with you some clear signs that when it comes to marriage, if these are your motives, there’s a very big possibility that you are getting married for the wrong reasons — and that could make the purpose of marriage a real struggle for you…in ways that you may not notice until it’s far too late.
*Middle names are always used in my interview pieces so that people are able to speak super freely*
1. Ursula. 41. Married for Six Years.
“Your clock. Getting married because you want to have kids, so you rush into marriage in order to do so, is something that you will regret on levels that you cannot begin to imagine because you’re assuming that all you need to do is get a husband and everything will automatically fall into place. What if you have trouble conceiving? What if you and your husband don’t have the same values as far as rearing children? What if he changes his mind and doesn’t want kids at all? Children are a blessing. Even more so if you are raising them with someone who is going to make the process easier for you — and that means choosing a good man over just someone who can be your children’s father. If you’re looking for sperm more than a husband, you are on a dangerous road, sis.”
2. Shalawndria. 30. Divorced.
“DO NOT GET MARRIED BECAUSE YOU ARE LONELY. I’m pretty sure Shellie can attest to the fact that there are a lot of lonely wives out here. And besides, if you’re expecting a man to fill voids that you can’t even fill yourself, you are in for a world full of heartache — and I know what I’m talking about. I got married because, rather than doing self-work, I expected my man to ‘fix’ it all. Being a spouse is already a full-time job; no one wants to be a fill-in therapist, too. Love is great, and I’m still a believer, but if you think that your partner’s job is to heal you, you will end up in divorce court faster than I did. Heal first. Then, pick a husband. You’ll choose differently.”
"Love is great, and I'm still a believer, but if you think that your partner's job is to heal you, you will end up in divorce court faster than I did. Heal first. Then, pick a husband. You'll choose differently."
3. Maxine. 50. Divorced for Three Years.
“Don’t get married to get over someone else. It doesn’t work. Women love to talk about men cheating, but a lot of us have emotional affairs that we try to justify, or we rationalize staying in touch with someone from our past who should’ve been cut off a long time ago. If there is a man who still gives you butterflies, who you still kinda stalk on socials, or who you even send a ‘Happy Birthday’ message to on an annual basis — you need to get yourself all the way together before saying ‘I do.’ I know of what I speak. I thought that getting married to a good man is what would get me past the love of my life. Hmph. No man is good enough when you’re not completely over someone. Don’t drag anyone into all of that. Get off that man first. And if you don’t want to, stay single instead of being in a relationship.”
4. Taleeyah. 29. Married for Two Years.
“I didn’t realize how ‘rough I was around the edges’ until I got married. Because, let’s not act like we aren’t biased when it comes to how we see ourselves — and our friends? Sometimes, they don’t want to tell us what we need to hear either because they don’t want to hurt our feelings or, let’s be real, they don’t feel like going through the drama. But when you’re sharing a bathroom and bedroom with someone, it’s pretty hard to hide who you really are — and that means that you are gonna hear about yourself whether you want to hear it or not. I could go on about this all day, but the best way to condense the point is, ‘If you don’t want to be held accountable on a regular basis’, don’t get married. Thinking that this man is only going to tell you how awesome you are all of the time without calling you out is the grandest delusion of relationships. Well, marital ones.”
5. Edin. 47. Married for 21 Years.
“Looking for your husband to treat you like your dad. Shellie counseled us for a season, and she brought up something that I never thought about before: daughters are princesses; wives are queens. You shouldn’t expect your husband to treat you like your dad would because you’re an adult as a wife. If you’re expecting to just sit around and be doted on all day long while you spend a man’s money, you need to get a season pass to the movie theater, not get married. If your father is doing a bang-up job, he's preparing you for how to live with a man, compromise with a man, and yes, as much as some of you don’t want to hear it, respect a man. He will make it to where you can be in harmony with someone who is the same gender as him. You’re not a little girl anymore, and nothing will wake you up to that fact like marriage will. Trust me.”
6. Tarren. 33. Engaged for a Year.
“A distraction. This isn’t my first engagement, and it’s my fault that the last one didn’t work out. There was stuff that I didn’t want to face when it came to my career, some family drama, and my finances, and so I used a relationship as a distraction. What I didn’t prepare myself for was the reality that you can only run for so long — there are only so many dates, trips, and gifts before you have to face the reality that you have to deal with some things, and it’s not fair to drag someone into your mess just because you don’t want to. Marriage doesn’t make your mess go away. If anything, marriage makes it stare you dead in your face until you deal with it. My engagement is longer than I planned now because I want to make sure that I don’t do to this man what I did to my ex. He’s grateful, and so am I.”
"Marriage doesn’t make your mess go away. If anything, marriage makes it stare you dead in your face until you deal with it. My engagement is longer than I planned now because I want to make sure that I don’t do to this man what I did to my ex. He’s grateful, and so am I."
7. Arlee. 38. Divorced for Six Years.
“Don’t get married as a financial bailout plan — and don’t act like some of you haven’t been thinking about it. It’s not someone else’s job or responsibility to pay off your student loans, pay off your credit cards, or get your savings account out of the negative. Shellie talks often about how women are supposed to be the helpmates, but so many are weighing men down with all of these problems that they had before their guy ever arrived. She’s right. You are helping no one if your finances are a hot ass mess. If your financial plan is to get a husband to fix your BS, you are totally getting married for the wrong reasons.”
8. Keelah. 26. Engaged for Three Months.
“I come from a line of women who ignored the little voice in their head that told them not to get married to the men that they did. From where I stand, that is the greatest example of getting married for the wrong reason. It’s not unrealistic to say that getting married should be one of the best times of your entire life — including one of the most peaceful. When I think of my bae, I don’t have one hesitation, question, or fear. I don’t feel like I’m rushing, or avoiding, or in denial. We’ve welcomed therapy for ourselves, counseling with each other, and insights from those who care about us.
"We’ve asked each other some really hard questions and have slowed things down when we didn’t have immediate answers. If your intention is to take marriage seriously, you can’t treat it like a high school science experiment…like, ‘Welp, that didn’t work. Oh well.’ Thinking that you can just keep getting married over and over again sounds like you think marriage is a game. My advice? Whatever is telling you to wait, you should do it until you figure out what that’s all about. If you don’t, and you jump a broom anyway — I’m not sure there could be a worse reason to get married.”
9. Beven. 31. Married for Four Years.
“PLEASE don’t get married to change someone. How would you feel if someone did that to you? If you can’t marry someone just as they are right now, either they aren’t the one for you, or you need to learn how to not be such a control freak. Too many people treat their partner like a project; that’s frustrating for them and exhausting for you. A part of what comes with loving someone is accepting them. If you aren’t prepared to do that, push the wedding date back.”
10. Aniyah. 36. Divorced for Six Months.
“Ask a room full of women what their wedding day is going to be like, and they’ve got every detail down. Ask them what kind of wife they plan to be, and if you listen really carefully, it’s usually about what they expect to receive more than give. It’s like they think that marriage is one long wedding day. It’s not. Even though my divorce is fairly new, I’m not jaded about marriage. What I will say is I was delusional about what it required before I did it. A wife requires a lot. Learn as much as you can about it before getting married. Don’t do like I did and find out that what you thought you signed for isn’t what you’re in.”11. Yumi. 29. Married for Five Years.
“You want someone to love you more than you love you, that’s the wrong reason. Men are different than we are anyway, so they aren’t going to express themselves in the way that we would to ourselves — if that makes sense. Like, I’m big on pampering. My husband is more practical. He budgets so that I can go all out about four times a year on spa days and stuff, but is he going to plan it out? He’s not. If I spent a lot of time trying to get him to be how I am, we’d both be pissed. While you’re single, get into the habit of how to love yourself so that the pressure doesn’t fall solely on your husband when you get married. Some people wait for a mate to treat themselves a certain way. That mistake is HUGE.”
12. Denaye. 52. Married for 34 Years.
“Have mercy! PLEASE DO NOT GET MARRIED THINKING THAT YOUR MARRIAGE IS GOING TO BE JUST LIKE SOMEONE ELSE’S! I don’t care if it’s your best friend, your mama, or some couple at church. Too many women are out here competing with each other, whether they realize it or not, and it’s because they play the comparison game. Just like no two people are alike, no two marriages are either. So, if you plan on getting married only to wear your man out with all of this ‘So-and-so’s husband does such-and-such’ — do you and him a favor and just…don’t. You can go to other people for advice, but ultimately, you have to figure out how to customize what works best for you and yours…and others have nothing to do with that.”
Shellie here: And yes, she asked me to “scream” (via all caps) that entire sentence; that is just how much she meant it, chile.
___
An actor by the name of Jonathan Pryce once said, “Even a good decision, if made for the wrong reasons, can be a wrong decision.” Greater words have not been spoken when it comes to marriage. So, if marriage is high on your priority list right through here, I really hope that you take all of the wisdom that was just shared to heart.
Marriage is one of, if not the, biggest decisions that you will ever make.
Don’t make it for the wrong reasons.
It’s not worth it. It really isn’t.
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Featured image by Mark Weiss/Getty Images