Meet The Entrepreneur Who Believes Wealth Is In The Mindset Of The Beholder
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.
Samari Ijezie is the creator of The Female Economist, a platform created to challenge and disrupt the stereotypical gender norms within the financial industry while educating millennials of financial literacy. However, before founding this financial literacy company for women and marginalized millennials, she had a career in fashion and style as a model that started in her preteen years. Though she briefly kicked off her modeling career at the age of fourteen, it was short-lived because soon after high school, Ijezie decided to go off to college but later had to drop out during her freshman year due to not receiving financial assistance in the next term.
After reigniting her determination to excel, Ijezie eventually pursued getting her degree once more and later earned her dual degrees in Economic and Political Science from University of Massachusetts Amherst. Though crunching numbers and secretary duties were never easy to her due to her dyslexia, the current New York resident overpowered her disability to become an expert in finance as leverage to escape poverty. After multiple jobs in finance and accounting from a Massachusetts state agency to Spotify and Publicis, the Boston native eventually launched The Female Economist platform where users can learn through articles, courses, webinars and is soon creating a tool that matches individuals with their own certified financial advisor.
In this installment of "Money Talks", xoNecole spoke with Samari about splurging on much-needed vacation time, her alternative definition of wealth and success and having a scarcity mindset.
On how much she makes in a year and how much she saves:
"Each month, I try to save at least $5K. Because my monthly income varies each month from trading and brand gigs, I always ensure that I have at least $5K coming in on a monthly basis. I do have a Roth IRA. I like having this account because I can see the companies I have in my index fund."
On her definitions of wealth and success:
"Wealth has no dollar amount. Wealth is the amount of time that you can sustain with the amount of money that you have. In other words, how many days can you survive without working; living off your savings. I define success by someone accomplishing their goals and dreams."
Courtesy of Samari Ijezie
"Wealth has no dollar amount. Wealth is the amount of time that you can sustain with the amount of money that you have."
On the lowest she’s ever felt when it came to her finances and how she overcame it:
"The lowest I've ever felt with my finances is when I was in college. I personally was not making any money but also was acquiring loans to put myself through school. I was ignorant when It came to understanding money and personal finances. I overcame this by fully taking the time to understand personal finance. I worked on building my credit score. I used websites like Credit Karma to find the best credit cards to set myself up with to help build credit. I consolidated my loans and started paying them off on a monthly basis. After I fully took control over my personal finances, expenses and savings, I then began to invest."
On her biggest splurge to date:
"My biggest splurges are on vacations. I consider splurging money on experiences and memories to be comparable to an asset. Traveling to me helps me become a worldly person, and that is something that contributes to my education and knowledge. So, I do not mind spending thousands of dollars on a vacation where I am learning about the country's culture."
On whether she’s a spender or a saver:
"I consider myself a spender. I do splurge on unnecessary items. I do enjoy shopping and looking fly. However, if I buy expensive products/materials, if I cannot afford to buy it twice, I tell myself that I cannot really afford it. I am a spender because tomorrow is never promised, I could save millions, but If I never spent it, how can I truly enjoy being a millionaire? I train myself to properly manage money by spending money on things that help better my life. I rather spend thousands on opening an investment account that can allow my money to compound rather than spending it on designer, nightlife, or any other guilty pleasures that us millennials face."
Courtesy of Samari Ijezie
"I am a spender because tomorrow is never promised, I could save millions, but If I never spent it, how can I truly enjoy being a millionaire? I train myself to properly manage money by spending money on things that help better my life. I rather spend thousands on opening an investment account that can allow my money to compound rather than spending it on designer, nightlife, or any other guilty pleasures that us millennials face."
On her savings goals and what retirement looks like to her:
"My plan is to retire by 35. I have been working since I was 14 years old. So, retiring in my thirties is very important too. I will be able to fully retire when I have enough money that can allow me to not work. I do enjoy keeping busy, so by the time where I can retire, it won't be fully retiring, but doing things that I enjoy that continue to make me money."
On the importance of investing:
"Investing is very important to me. I invest by figuring out my goals. Some of my investment accounts are short-term investment goals and others are long-term. Depending on the financial product, I have different goals. When I trade options, I have the intent that I will make a short-term investment."
On her budgeting must-haves:
"In my budget, I do allocate money to doing the things I like which include food. I am a big foodie and take pride in eating very well. As everyone knows, to eat healthy is very costly. So I do allocate a monthly spending budget for food. I enjoy seafood which can be very costly, but that is something that I will spend money on because it makes me happy to eat well."
Courtesy of Samari Ijezie
"My mindset completely changed in regards to money. I used to have a scarcity mindset where I would tell myself at times I cant afford this or complain about my financial situation. Once I started reading more books and opening up my horizon when it comes to wealth and abundance, I started making more money. Wealth is truly in the mindset of the beholder."
On her intentions behind multiple streams of revenue:
"I created The Female Economist to have six streams of revenue. The first one is through ad revenue, affiliate marketing, e-courses, brand merch, membership, and consultancy. When I created this business, the business model was only through ad revenue, but as the demand increased for more objectives, the business structure changed to adapt to that. The intention of having multiple streams of revenue was purposely so the business would be able to function with or without me."
On unhealthy money habits and mindsets:
"My mindset completely changed in regards to money. I used to have a scarcity mindset where I would tell myself at times I cant afford this or complain about my financial situation. Once I started reading more books and opening up my horizon when it comes to wealth and abundance, I started making more money. Wealth is truly in the mindset of the beholder. I stopped using words like 'can't', and instead started saying, 'How can I afford this?'
"Growing up in a single-parent home, I had a lot of unhealthy ideologies when it came to money. I grew up in a household where it was us trying to make ends meet regardless so, as I aged, I always just had that scarcity mindset of I need these now because I may never be able to attain it again. As I became financially independent and literate, that changed."
For more of Samari, follow her on Instagram.
Featured image courtesy of Samari Ijeze
Originally published on August 14, 2020
Meet The Designer Behind This Megan Thee Stallion "Hiss" Video Look
When Megan Thee Stallion dropped “Hiss,” a shift happened. From the audacious lyrics to the striking visuals, there was no doubt that the song and video would go viral. The opening of the video shows the H-town hottie rocking a barely there Shibari red dress, showing off her voluptuous frame. It was a sexy moment created by Timeekah Murphy of Alani Taylor. The designer exclusively tells us how the opportunity came about and what it was like seeing her design on Megan for the first time.
Timeekah Murphy
Photo courtesy
xoNecole: How did the opportunity to create such an iconic look for Megan Thee Stallion's "Hiss" video come about?
Timeekah Murphy: The opportunity came from a DM from celebrity stylist Zerina Akers. She asked for a unique Shibari piece for Megan, and I needed to get it done in two days. So, of course, I did everything in my power to make it happen. I've always wanted to design for Megan, so this was an awesome opportunity for me.
xoN: What was that initial feeling of seeing the dress on her for the first time?
TM: I was shocked because, at first, I thought it hadn't been used. I saw Megan's last video and thought, damn, maybe it didn't fit. So, to see it on such an amazing video was breathtaking. I was beyond excited to finally say I designed for her.
xoN: Did you meet her? If so, how was that moment?
TM: I didn't meet Megan during the shoot, but during my time in LA, I got the opportunity to meet her at LA Pride with Tiffany Haddish, Common, and EJ King (stylist). Megan is such an amazing person, so it made it even better to know that my designs were going to be worn by her. I was shocked because, at first, I thought it hadn't been used. I saw Megan's last video and thought, damn, maybe it didn't fit. So, to see it on such an amazing video was breathtaking. I was beyond excited to finally say I designed for her.
"I was shocked because, at first, I thought it hadn't been used. I saw Megan's last video and thought, damn, maybe it didn't fit. So, to see it on such an amazing video was breathtaking. I was beyond excited to finally say I designed for her."
Photo courtesy
xoN: Walk us through the creation of the dress. How did you come up with the look, and how long did it take to make it?
TM: I was the co-designer for a brand called Deviant in 2018-2020, and we used to make custom Shibari pieces. That's how Zerina knew me. So I'm very familiar with making these types of pieces. We made plenty for Beyoncé, Cardi B, Tiffany Haddish, Tyra Banks, and so many others. So Zerina knew exactly what she wanted.
To get it done, it took me a day and a half. It's very intricate and time-consuming, so I spent about six hours making it then I sent an image of it to Zerina, and she didn't approve the first one, so I had to start from scratch again after getting my guidance and understanding of what was needed. The next day, I went to The Lab and created another version, and she approved it. I had to get it shipped overnight so that she would get it in time and fast forward to seeing it on the big screen.
xoN: What's next for you?
TM: Everything. The sky is not my limit, so the Alani Taylor brand is expanding into so many different avenues. We are getting involved in the community more, offering sewing classes to the youth. I've opened up a store for my brand in Atlanta and now preparing for fall/winter Fashion Week.
Megan Thee Stallion "Hiss" video/ YouTube
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When I recall my years in school, there were two subjects I always loved: History and English. History because I just loved learning about different cultures, religions, and the world before I arrived and English because I loved to write. I enjoyed writing assignments, and my teachers would always tell me how good of a writer I was. In my spare time, I enjoyed reading magazines and began writing poetry and songs about love and heartbreak (y’all remember how intense high school romances were).
I took journalism as an elective and was even on the Yearbook staff. However, when it came down to choosing my college major and a possible career, media/ journalism was nowhere on my radar. I loved writing, but was it a career? Could I make money from it?
Throughout my matriculation, I changed my major a few times. I mean, I knew I wanted to do something creative, but what? I finally settled on journalism only because I knew I enjoyed writing, and at that point, I needed to choose something and stick with it. But even with the fun class projects and internships, I still didn’t believe journalism would be my career path. However, I was good at it, and I was networking with others in the industry. So, after graduating, I worked other jobs but continued writing. Finally, I got my big break as an editor, and I haven’t looked back since.
Looking at my journey, you can say that being an editor was divine, and maybe I was running from it. A lot of us are taught to find a steady career that pays well, and baby, I always saw myself living large. But I was always a creative, and I knew that I wanted a career path that would allow me to express myself.
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Feature image by Milan Markovic/ Getty Images