This Financial Expert Swears By Investing In Multiple Investment Accounts
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.
Most relationships will fail on the surface level due to lack of intimacy, communication or trust, or even falling out of love with one another. However, thanks to Chanel Nicole Scott's relationship platform, CheMinistry, viewers are witnesses to candid conversations between guest speakers during live hosted events about the rise of healthy relationships.
Alongside unequal spiritual wellness and poor communication skills, financial dispositions can also play a factor in the success or failure of any relationship. "I love that my work has allowed me to educate others on the concept of financial literacy and the importance of this kind of discipline when you are engaging in a long-term relationship. Many relationships are about finding common ground, and much of the ground that you cover must include what your financial life and retirement plan will look like for you and your partner," Scott shared with xoNecole.
Courtesy of Chanel Nicole Scott
As the founder and lead organizer behind a relationship platform that has been recognized by stars of Real Housewives of Atlanta, Black Love, and many award-winning singers and songwriters, CheMinistry has attracted a worldwide audience by providing perspective and preparing them for long-lasting, healthy relationships.
The North Carolina native organized CheMinistry to provoke intimate exchange and compelling conversation surrounding romantic relationships with the ultimate goal of bridging the gap between purpose-driven men and women who desire to progressively move their love life to the next level. CheMinistry has featured top influencers and celebrities in pop culture from R&B singer Fantasia and Destiny's Child founding member LaTavia to actresses Demetria McKinney and television personalities Erica Dixon, Drea Kelly, and Debra Antney.
In this installment of "Money Talks", xoNecole spoke with the 45-year-old founder about how to better manage your money with your partner, why relationships fail due to financial instability and the importance of investing for the younger generation.
On the statistics of failed relationships due to financial instability:
"If you consider the most common disagreements in relationships, many of these disagreements are linked to money, egos, and expectations based on society's hierarchy of men versus women in the household. Financial instability creates disconnect, resentment, and even control issues between you and your partner. It is so important to be transparent about your finances AND your debts when you are pursuing a healthy relationship.
"More than 43% of marriages start off in debt. Imagine planning the wedding of your dreams, and then after you've invested all this money into a memory, you come home only to realize you're still in debt. Your issues will start that day!"
On how relationships can be saved through financial wellness and managing money with your partner:
"I would encourage individuals to educate themselves on financial literacy and position yourself to be financially independent before entering a marriage. The simplest of issues that can create a disconnect are the control mechanisms that are enforced when one partner feels they have more financial power––thus more power in the relationship. For couples who find themselves in this position, you can save your marriage simply with open communication."
Courtesy of Chanel Nicole Scott
"Financial instability creates disconnect, resentment, and even control issues between you and your partner. It is so important to be transparent about your finances AND your debts when you are pursuing a healthy relationship. More than 43% of marriages start off in debt."
On how the pandemic has financially impacted couples and how to recover:
"Whew! COVID has challenged couples in so many ways, but definitely financially. Many couples usually have some small sort of disagreement about saving and spending habits, but now more than ever, couples are really having to confront some unhealthy spending habits that are overtly more unhealthy during this pandemic. Having to completely alter how your household is run or led to align with today's current economy is difficult, especially considering that so many people have lost jobs and are having to live off of one partner's income, if any income at all."
On how much she saves and if it’s in a high-yield savings account:
"I do invest money into the Money Market and CD account but with the current economic climate, the yield is very low. A CD account pretty much offers a savings account where you invest a specific amount of money with the bank and agree to let that amount sit over a specific period of time. In reward, banks will offer you a higher interest rate for your money. CD accounts are good because your money is insured by the bank and often has low-risk associations, however, if you do not have a substantial amount of money to get started with a CD account (usually an amount of money that you can afford to do without for a fixed period of time), then I would not suggest starting this account so soon."
On her definitions of wealth and success:
"I believe wealth is defined as the ability to leave a generational blessing for those who come after me. Success is the capacity to know and operate in my God-given purpose. A lot of people feel that wealth and success go hand-in-hand. I feel that success has a lot to do with personal gratification. When you have reached a space where you are generally satisfied with your place in life, most people feel successful. Wealth I feel is more of a tangible experience. It allows you to acquire certain luxuries that, usually, generations after you should be able to benefit from."
Courtesy of Chanel Nicole Scott
"When you're faced with life challenges, you often find your peak of strength and creativity. You find yourself learning how to make something out of nothing, and at my lowest points, I've learned that being tested isn't a bad thing, but more so a transitional period."
On the lowest she’s ever felt when it came to her finances and how she overcame it:
"There was a point in my life where I lost everything chasing after what I believed to be my purpose, but in the midst of it all, I was able to tap into the gifts and talents that I didn't even know I possessed. I [co-wrote] a book about it Girl Powered Uncensored, a compilation of women stories [in the first chapter]. I had to reset. I literally started all over again and am re-building, but this time I have the wisdom to make better decisions about my purpose and what I was actually put here to do. When you're faced with life challenges, you often find your peak of strength and creativity. You find yourself learning how to make something out of nothing, and at my lowest points, I've learned that being tested isn't a bad thing, but more so a transitional period."
On her biggest splurge to date:
"I think my biggest splurge would be my car. I love cars, just like other people like bags and shoes, but I like those, too. My thought process behind all of my purchases is that if I work for it, then I can have it. Unlike some, I don't believe in buying anything that I don't want or settling for less, I'd rather wait until I can actually afford what I want."
On whether she’s a spender or a saver:
"I'm definitely a spender, but I save money by allocating portions of my income to be deposited into different accounts for monthly living expenses, spending accounts, and savings accounts."
On the importance of investing:
"If I could offer any advice to younger generations, it would be to start investing early or encourage your parents to set you up to invest. Ask questions early-on. Investing early makes the difference between a 15-year retirement plan and a 40-year retirement plan. When you reach your mid-20's you start wanting to really experience life, hence why you need money. By the time you're 30, you want to live for you and live unapologetically (hence you need money). By the time you are 40 plus, you want peace, stability, and financial freedom to move comfortably and take care of your family, hence you need money. Investing really prepares you for each level of desired stability."
Courtesy of Chanel Nicole Scott
"Investing early makes the difference between a 15-year retirement plan and a 40-year retirement plan. When you reach your mid-20's you start wanting to really experience life, hence why you need money. By the time you're 30, you want to live for you and live unapologetically (hence you need money). By the time you are 40 plus, you want peace, stability, and financial freedom to move comfortably and take care of your family, hence you need money. Investing really prepares you for each level of desired stability."
On her savings goals and what retirement looks like to her:
"With the changing economy, my retirement plan is continuously evolving. Currently, I make contributions into a 401K in addition to an MMA and CD account. The current state of the economy has shown everyone, especially me, that having one plan is not enough. There are many people who were set to retire in 2020, thought they planned accordingly for retirement, and as soon as we entered this pandemic, many finance plans were challenged. Everyone's retirement plan is currently still evolving in order to prepare for the unthinkable future."
On her budgeting must-haves:
"I must have a food-spend budget. I'm a single woman with no children and I'm a foodie. Besides, I don't cook. I have a separate account that I deposit money into just for food expenses."
On her intentions behind multiple streams of revenue:
"In my business, we've created a stream of income through ticket sales and we also provide a vendor experience as a part of the live event. The event is fairly large so it can be quite lucrative. I've also created brand merchandise. However, with the recent changes in the economy due to COVID-19, we're still in the process of revamping 'how' we do business."
On unhealthy money habits and mindsets:
"Impulsive spending is definitely a bad habit of mine. If I see it and I want it, I buy it. Sometimes I have to talk myself off the ledge, but I think developing a clear financial picture of what your savings goals are and where you see yourself in a particular time frame helps with creating an effective financial plan. I'm still trying to make those changes, but I do spend less when I 'think' through my purchases!"
On her money mantra:
"'Give and it shall be given to you; good measure, press downed, shaken together, and running over.'"
On the craziest thing she’s ever done for money:
"I don't think it was crazy, but I did UberEats a few years back when I moved to Atlanta. I was still in the process of building my business and securing permanent employment and I needed the extra money. It did a 'doozy' to my car with the number of miles I racked up but hey you do what you've got to do."
On the worst money-related decision she’s ever made:
"Spending too much money when you 'have it' or not being diligent enough in my decision-making. I would advise anyone in business when making financial decisions regarding your business to make decisions as if you had little-to-no money. Talk through all your purchases and ask as many questions as possible to make better decisions."
On her budget breakdown:
How much do you spend on rent? $1,600
Eating out/ordering in? $400
Gas/car note? $800
Personal expenses? $450
For more of Chanel, follow her on Twitter!
Featured image courtesy of Chanel Nicole Scott.
The Reality Of Living With Severe Asthma – As Told by 2 Women On Their Disease Journey
This post is in partnership with Amgen.
The seemingly simple task of taking a breath is something most of us don’t think twice about. But for people who live with severe asthma, breathing does not always come easily. Asthma, a chronic respiratory condition that inflames and narrows the airways in the lungs, affects millions of people worldwide – 5-10% of which live with severe asthma. Severe asthma is a chronic and lifelong condition that is unpredictable and can be difficult to manage. Though often invisible to the rest of the world, severe asthma is a not-so-silent companion for those who live with it, often interrupting schedules and impacting day-to-day life.
Among the many individuals who battle severe asthma, Black women face a unique set of challenges. It's not uncommon for us to go years without a proper diagnosis, and finding the right treatment often requires some trial and error. Thankfully, all hope is not lost for those who may be fighting to get their severe asthma under control. We spoke with Juanita Brown Ingram, Esq. and Jania Watson, two inspiring Black women who have been living with severe asthma and have found strength, resilience, and a sense of purpose in their journeys.
Juanita Brown Ingram, Esq.
Juanita Ingram has a resume that would make anyone’s jaw drop. On top of being recently crowned Mrs. Universe, she’s also an accomplished attorney, filmmaker, and philanthropist. From the outside, it seems there’s nothing this talented woman won’t try, and likely succeed at. In her everyday life, however, Juanita exercises a lot more caution. From a young age, Juanita has struggled with severe asthma. Her symptoms were always exacerbated by common illnesses like a cold or flu. “I've heard these stories of my breathing struggles, but I remember distinctly when I was younger not being able to breathe every time I got a virus,” says Ingram. “I remember missing a lot of school and crying a lot because asthma is painful. I [was taken] to see my doctor often if I got sick with anything so I was hypervigilant as a child, and I still am.”
Today, Juanita says her symptoms are best managed when she’s working closely with her care team, avoiding getting sick and staying ahead of any symptoms. Ingram said she’s been blessed with skilled doctors who are just as vigilant of her symptoms as she is. While competing in the Mrs. Universe competition, Juanita took extra care to stay clear of other competitors to ensure she didn’t catch a cold or virus that would trigger her severe asthma. “I would stand off to the side and sometimes that could be taken as ‘oh, she thinks she's better than everybody else.’ But if I get sick during a pageant, I'm done. I had to compete with that in mind because my sickness doesn't look like everybody else's sickness.”
Even when her symptoms are under control, living with severe asthma still presents challenges. Juanita relies on her strong support system to overcome the hurdles caused by a lack of understanding from the public, “I think that there's a lot of lack of awareness about how serious severe asthma is. I would [also] tell women to advocate and to trust their intuition and not to allow someone to dismiss what you're experiencing.”
Jania Watson
Jania, a content creator from Atlanta, Georgia, has been living with severe asthma for many years. Thanks to early testing by asthma specialists, Jania was diagnosed with severe asthma as a child after experiencing frequent flare-ups and challenges in her day-to-day life. “I specifically remember, I was starting school, and we were moving into a new house. One of the triggers for me and my younger sister at the time were certain types of carpets. We had just moved into this new house and within weeks of us being there, my parents literally had to pay for all new carpet in the house.”
As Jania grew older, she was suffering from fewer flare-ups and thought her asthma was well under control. However, a trip back to her doctor during high school revealed that her severe asthma was affecting her more than she realized. “That was the first time in a long time I had to do a breathing test,” she describes. “The doctor had me take a deep breath in and blow into a machine to test my breathing. They told me to blow as hard as I could. And I was doing it. I was giving everything I got. [My dad and the doctor] were looking at me like ‘girl, stop playing.’ And at that point [it confirmed] I still have severe asthma because I've given it all I got. It doesn't really go away, but I just learned how to help manage it better.”
Jania recognizes that people who aren’t living with asthma, may not understand the disease and mistake it for something less serious. Or there could be others who think their symptoms are minor, and not worth bringing up. So, for Jania, communicating with others about her diagnosis is key. “Having severe asthma [flare-ups] in some cases looks very similar to being out of shape,” she said. “But this is a chronic illness that I was born with. This is just something that I live with that I've been dealing with. And I think it's important for people to know because that determines the next steps. [They might ask] ‘Do you need a bottle of water, or do you need an inhaler? Do you need to take a break, or do we need to take you to the hospital?’ So, I think letting the people around you know what's going on, just in case anything were to happen plays a lot into it as well.”
Like Juanita, Jania’s journey has been marked by ups and downs, but she remains an unwavering advocate for asthma awareness and support within the Black community. She hopes that her story can be an inspiration to other women with asthma who may not yet have their symptoms under control. “There's still life to be lived outside of having severe asthma. It is always going to be there, but it's not meant to stop you from living your life. That’s why learning how to manage it and also having that support system around you, is so important.”
By sharing their journeys, Juanita and Jania hope to encourage others to embrace their conditions, obtain a proper management plan from a doctor or asthma specialist like a pulmonologist or allergist, and contribute to the improvement of asthma awareness and support, not only within the Black community, but for all individuals living with severe asthma.
Read more stories from others like Juanita and Jania on Amgen.com, or visit Uncontrolled Asthma In Black Women | BREAK THE CYCLE to find support and resources.
Although I’m personally not a holiday kind of gal, because I am all for people getting the most out of their sexual experiences, I do look forward to special occasions when I can pen pieces like this. Why? While so many people are stressing themselves completely out as they plan to celebrate the Christmas season, I like to recommend ways that they can incorporate this time of year with an activity that can bring their anxiety levels down and truly bring some peace and goodwill — to their own man.
That said, it really is crazy to take in that Christmas is just a few days away. However, while you’re out here hustlin’ and bustlin’ to get your last-minute items together, here are 15 things that you can do to make the nights leading into Christmas and, possibly the night of, one that will even give Black Santa a run for his money.
1. Text Him Your Sex Wish List
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Sometimes, wives will ask me for a subtle way to convey to their husbands that sex has fallen into a bit of a rut without bruising their ego (wise call). This time of the year is a perfect opportunity to get certain, umm, requests in because, since this is the season of giving, you can share some (new) desires that you have without it coming off like you’re complaining. So, why not put together your own sex wish list and share it with him? You can do it by sexting. After all, there are reports that say that sexting has the ability to boost your partner’s self-esteem and build trust with them as well. How can all of that not work in your favor this Christmas — and beyond?
2. Get Some Velvet Handcuffs
While some of y’all may have thought that bondage is no more than a fetish or kink, there are actually some proven benefits to participating on some level in this type of sexual activity. One in particular that I once read is it can cause “sensory deprivation,” and while, on the onset, that might seem like a bad thing, what that actually can do is cause your anticipation levels to spike, which can intensify your sexual experience overall.
And so, since velvet is winter’s “signature fabric,” why not cop (pun not intended) some velvet handcuffs while you’re doing your holiday shopping?
3. Invest in a Portable Fireplace and Faux Fur Rug
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Listen, Brian McKnight gets all sorts of side-eye from me these days (if ya know, ya know), yet we’d all be in some serious denial if, when the topic of top Christmas songs (especially in the Black community) comes up, “Let It Snow” (Boyz II Men featuring Brian McKnight) doesn’t almost immediately come to mind. In the visual, we get what I oftentimes think of when I reflect on the quintessential Christmas scene: a log cabin, a fireplace, and I’m pretty sure there’s a fur rug on the floor somewhere up in there. It’s romantic. It’s cozy. And it’s hella sensual.
And guess what? Even if you don’t have a fireplace, there are portable ones that you can purchase. There are compact ones (like this one here) or electric stoves that look like fireplaces (like this one here) that you can buy, or there are even little tabletop fire pits (like this one here) that are pretty adorable. As far as the rugs go, these days, they’ve got some faux fur ones that feel amazing and won’t break your budget. My suggestion would be to go to Amazon and put “faux fur rugs” in the search field; especially if you want to try and get one by Christmas.
4. Send Your Man a “Naughty” Christmas Card
You would think that with as attached to our phones that we are these days and with the rising costs of stamps (don’t get me to cussin’), the greeting card industry would be struggling. Nope. I actually recently read that a whopping one billion cards go out in this country alone on an annual basis. So, in order to help get your partner even more in the mood, why not send him a naughty rather than nice Christmas card? Etsy is my jam, and I recently saw a card on the site that had two ginger people on it with the message “taste my cookie” on it (you can cop it here). Or you can get damn near filthy and make one from scratch.
5. Light Some Clove-Scented Candles
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When it comes to scents that are associated with Christmas, cloves are definitely one of them. And guess what? They are also considered to be an aphrodisiac. Both the scent and consumption of them help to reduce stress, and, when you cook with them, they can help you to feel all warm ‘n fuzzy down below. And since candlelight not only creates a sensual atmosphere, it can also be ideal if you’re into wax play (you can read more about that here)…why not get some soy (they burn longer and cleaner) clove-scented candles? These alone will help to get you and your partner instantly in the mood.
6. Fill a Garter Stocking with Some Sexy Surprises
Hanging stockings from a fireplace or mantel is pretty common during Christmas. Well, since this is about sex-themed Christmas ideas, why not fill a sexy garter with little sexy surprises? Maybe some Santa Condom Pops. Some tiny truth-or-dare cards. A cock ring. Some sex position cards. A handwritten love/sex letter. A hotel room reservation for Christmas or New Year’s. Some sex dice. A nipple and clitoris chain (that you both can enjoy). A couple of sex tokens. A sexy scent.
The possibilities are truly endless.
7. Bake Some (Sex Position) Ginger Christmas Cookies
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It’s pretty common to see a gingerbread house, some ginger snaps, or some other ginger-based dessert during the holidays. Okay, but did you know that ginger is actually considered to be another solid aphrodisiac? I’m dead serious. Science says that it “triggers” a sexual stimuli in both men and women in a way that intensifies sexual arousal. Not only that, but it can increase blood flow to your genitalia as well as increase fertility (whew, chile!). And now that you see some bona fide reasons to make some ginger cookies, why not send a few hints by having your ginger cookie people participate in a few sex positions? Etsy has several merchants who sell Kama Sutra cookie cutters. A few of them can be found here, here and here.
8. Create Some “Naughty or Nice” Coupons
Has your man been naughty or nice this year? With any luck, he’s actually been a bit of both. If you want to reward him for balancing things so well, make him some naughty or nice coupons. The naughty ones can feature sexual things that he can “redeem” from you throughout the upcoming year, while the nice ones can feature things like taking him out to his favorite spot or cooking him his favorite meal on a random weeknight. If you need some help as far as how to literally design the coupons, The Dating Divas published an article entitled, “24 DIY Love Coupons for Him” that can point you in the right direction.
9. Hang Some Christmas-Themed LED Lights
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One of the best things about Christmas is driving around at night and looking at all of the pretty lights. Some that I saw online, that I found to be pretty stunning, were LED lights that were designed to mimic meteor showers (you can see and buy them here). And that gave me even more sexy Christmas inspiration. Whether you string some lights from your bed, you bring a mini Christmas tree into your bedroom, or you’ve got a tree out back that you can hang some lights from to look at during afterplay, hang some lights somewhere. They can be very sensual — plus, can it really feel like Christmas without ‘em?
10. Use Some Hot Chocolate Lubricant
nfortunately, a lot of the time, whenever the topic of lubrication comes up, people think that it’s only for women who may have trouble getting wet (or wetter) — and that couldn’t be further from the truth. That’s actually why I once wrote, “The Wetter, The Better: 10 Creative Ways To Use Lubricant,” because there are all kinds of ways to incorporate it into your sexual plans. Not only does more lube create less friction (which means that you can go longer…both of you), the sensation of wetness is pretty damn erotic too.
And since I’d be floored if you went an entire holiday season without at least one cup of hot chocolate, in the spirit of how delicious hot chocolate is, why not invest in some hot chocolate-flavored lube? One place that I found some is located here.
11. How About Some Cannabis Chocolate Caramel Candy?
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What’s Christmas without candy, and what’s sex without weed? Okay, I know that might’ve been a bit of a wild segue, yet you really can combine Christmas, candy, and cannabis if you truly want to. For instance, there are sweet treats like Sensi Chew Amoré Chocolate Caramel Aphrodisiac that can help to get you and your partner totally right as far as getting (and staying) in the mood is concerned. And why would you even want to give this a shot? Because if anything can help to make you more uninhibited, it’s weed. If you don’t believe me, check out “7 Proven Ways Weed Makes Sex So Much Better” and “Why Cannabis Lube Is The Best Thing To Get Yourself For V-Day” at your leisure.
12. Explore with Some Peppermint Frosting
A couple of years ago, I penned an article for the platform entitled, “12 'Sex Condiments' That Can Make Coitus Even More...Delicious”. One of the things that got a shout-out was frosting. It’s super sweet. It’s easier to clean up than, say, syrup or honey. And since you’ll probably have some frosting lying around anyway, why not bring some into your bedroom? And while we’re on the topic, why not, in the spirit of Christmas, have it be peppermint-flavored? While there are some mixed reviews on the consumption of mint being able to lower a man’s testosterone levels, adding a few drops of peppermint oil to some frosting isn’t going to cause any harm. If anything, the menthol sensation will make for him receiving fellatio a truly mind-blowing experience — umm, so I’ve heard. #wink
13. “Deck Your Halls” with Some Edible Glitter
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Glitter is something we see a lot around this time of year. With that being said, it’s almost impossible to imagine what life was like before YouTube. Lawd. And won’t it help you in a pinch when you want to learn something real quick? For instance, I was recently looking for how to make edible glitter (I forgot) and stumbled upon a channel called My Lockdown Rasoi. It featured a way to make edible glitter with just two ingredients (you can watch it here). If I’ve gotta explain this tip…I don’t know what to tell you, sis.
14. Swap Out Your Safe Word with a Jingle Bell
So, what if some of the things on that wish list of yours have you a little nervous when it comes time to actually execute them? I hear you. To keep along with the whole Christmas theme, instead of using a safe word over the next couple of weeks, why not get yourself a jingle bell instead?
It’s a festive way to slow things down and pretty easy to find at a local arts and crafts store during this time of the year.
15. Wear Some Mistletoe Around Your Waist
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Anyone who knows me knows that I am big on discovering the origin stories of things (which is why engagement ring pressure irks me to no end; you can read about it here). So, since mistletoe comes up, A LOT, during Christmastime, I definitely looked it up to see what all of the hype was about. Well, aside from the fact that it is actually a parasitic plant that provides nourishment to birds, butterflies, and various mammals, the reason why we hold the tradition of kissing underneath them is because, way back in the day, to Celtic Druids, they were a symbol of fertility while to Norse mythology, they were a symbol of peace and love. Also, apparently, a goddess by the name of Figg lost her son to an arrow that was made out of mistletoe, and so she declared that anyone who walked underneath mistletoe should kiss instead of using it as a weapon.
And since kissing is definitely what still holds true as far as mistletoe goes today, why stop at the mouth? Wear some mistletoe anywhere on your body where you want to be deeply kissed. Around this time of year, you should be able to find some at your local nursery or online at sites like Amazon. If you pin a piece of it to some sexy red lingerie or on your garter belt, how could your partner not get the hint? Talk about “and to all a good night”, chile. Enjoy, sis! ENJOY.
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