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.
Born Sara Hood in a Sudan refugee camp after her parents escaped a civil war, this Seattle-bred influencer does not show any signs that she has been through any of the hardships she has ever endured. As a mother of two— including a first-born diagnosed with autism— Sara Lovestyle uses the many hats she wears as a mother, wife, advocate, and entrepreneur to demonstrate the true definition of living a "lovestyle", a pseudonym that was born out of her desire to live a life of happiness, wholeness and health.
In this installment of "Money Talks", xoNecole spoke with the 33-year-old social media coach and lifestyle influencer about the importance of investing, generational wealth being the greatest form of wealth, and her worst money mistake of not trusting her gut instinct.
On how much she saves and if it’s in a high-yield savings account:
"When it comes to being an influencer, it took me two years before I started making money and four years before it was significant. I've also discovered it's not so much about what you make (revenue) but what you keep (profit), so I do projections for my business revenue and personal income for a year, along with the budget. I also prioritize what needs to be done to retain a certain level of profit margin, normally at 30 percent, and I believe in saving/investing 20 percent."
On her definitions of wealth and success:
"The greatest form of wealth is generational wealth in the form of financial prosperity you can pass down from one generation to the next. Wealth at its core is also the financial freedom to do what you want to do when you want to do it—creating a prosperity engine where my kids are able to do the same, too…in perpetuity, as T.I. would say (laughs). Success to me is more than just financial freedom. It's the impact I can create and the legacy I can leave.
"Success is evolving to a level of impact where you can empower others. It's being able to start a VC fund for black, brown, and female entrepreneurs because we are so underrepresented and underfunded. Success is all about the tables I can build and fill for others. Whose lives did I touch with my success? Who did I encourage, uplift, impact with my success? Success for oneself leads to a lonely life, and I want so much more than that. Success is not a self-centered pathway to acquiring more clout and material possessions. It's empowering more leaders of excellence and creating the bold audacious change the world needs."
Courtesy of Sara Lovestyle
"Success is all about the tables I can build and fill for others. Success for oneself leads to a lonely life, and I want so much more than that. Success is not a self-centered pathway to acquiring more clout and material possessions. It's empowering more leaders of excellence and creating the bold audacious change the world needs."
On the lowest she’s ever felt when it came to her finances, and how she overcame it:
"In college, I was working at the gas station and at the mall making below minimum wage. I was literally working 16 hours every day while taking a full load of college credit hours. It was rough because I was in sheer survival mode, working whatever hours were necessary to pay rent and stay in school. The interesting thing about the low points when dealing with finances is that they made me scrappy and stronger. It's where my hustle and drive come from. I hustle the same at my lowest and at my highest because to level up from any spot always requires everything you got."
On her biggest splurge to date:
"My biggest splurge is my house. It's where I spend the most time. It's where I raise my children. But the biggest splurge inside my house is the chandelier in my office (laughs). I budgeted for everything, but my chandelier I had to have…because it was a symbol that made me feel like a boss. I love looking up at it because it reminds me to grind and continue to level up…every single day. Success is leased not owned, and rent is due every day."
Courtesy of Sara Lovestyle
On whether she’s a spender or a saver:
"I am a little bit of both. Majority of my splurges are for my business, and I don't consider them splurges; they are investments into my business. If I want to splurge on a purse or shoe I will, but it's planned and calculated if I earned it. If it's a reward, I will. Also, the rule I have is similar to what Jay-Z said. If I can't afford something three times, I don't buy it. If I can buy it once, I consider it a negative, if I can afford it twice, I break even, and if I can afford it three times, then I'm still in the positive.
"Another thing that I do is I plan my finances, my goals, and budgets for my entire year. I break it down to the month, and I have a specific budget each month. I'm blessed as well because my parents made sure to teach me financial literacy starting really young."
"The rule I have is similar to what Jay-Z said. If I can't afford something three times, I don't buy it. If I can buy it once, I consider it a negative, if I can afford it twice, I break even, and if I can afford it three times, then I'm still in the positive."
On the importance of investing:
"It's interesting I went from having never invested to several in a matter of months. Investing has expanded my mind to many experiences and knowledge I would've never gotten in different sectors of business. I invest in financial investments (stocks), and normally put 10 percent of my income toward it. In addition, I make business investments as an angel investor, which I'm most proud of. I invested into Moon UltraLight, an innovative new touch-controlled mobile lighting device designed to clip onto any smartphone or tablet. Its founder is a genius black entrepreneur named Ed Madongorere.
"The number one tip I would give before investing in a business is, you're investing in the person not the business. There could be an exceptional business idea, but if the founder doesn't have a plan of execution or isn't focused, then it won't matter. A recommendation I would also give is to truly study the industry that you're passionate about. Binge on as much information as you can, and then connect with others in the same industry."
On her savings goals and what retirement looks like to her:
"My savings goal is to have three years of emergency savings in reserves. I am intentionally building cash flow systems so that I can be in position to retire in seven years by 40. At that point, my goal is to have built enough cash reserves and investments where I could live off the interest if I wanted to for the rest of my life. At this stage, I imagine [in my] retirement [that I am] still being impactful, so it would be filled with philanthropy, travel, and my family."
Courtesy of Sara Lovestyle
"My savings goal is to have three years of emergency savings in reserves. I am intentionally building cash flow systems so that I can be in position to retire in seven years by 40. At that point my goal is to have built enough cash reserves and investments where I could live off the interest if I wanted to for the rest of my life."
On her budgeting must-haves:
"Before you even make a substantial amount of money, you should always have a budget. It's the foundation to managing your finances. The basics of a budget is you must understand. To the penny. What's coming in or out. What is a necessity (i.e. rent/mortgage) and what's a want? Something I've noticed with even some of my own friends is [people] not paying attention to any subscriptions they have. Sure an app might only be $1.99 or something is $29.99, and something else is only $49.99, but all of that adds up. You have to stay on top of it all with a budget. The same discipline it takes to manage $1,000 is the same it takes to manage $1 million."
On her intentions behind multiple streams of revenue:
"When I created my lifestyle influencer platform, I was initially a make-up stylist and beauty influencer, and make-up styling services became a primary income stream. As I began to pivot and expand, I created income streams for even more influencer passions I have coined a 'Lovestyle' which includes fitness, cooking, and social media influencer coaching. The streams of revenue created for these areas of influence include sponsored social media posts and affiliate marketing, cookbooks, cooking classes, fine dining pop-up events, Belay & Bell Spices — and influencer coaching with my new business partnership with AgencyLuxCo and business partner Taylor Winbush.
"Having only one source as an influencer and entrepreneur isn't smart for me. Social media is a billion-dollar industry. To not have several streams would be doing myself and my audience a disservice, especially because all of my services are tangible, measurable, and scalable resources for others and their businesses."
On unhealthy money habits and mindsets:
"I would say an unhealthy habit is operating with a scarcity mindset. The thought of 'Is it enough?' can be stressful. It can consume you as well as take up precious mental space and energy with worry. I had to understand that to travel far in business and to truly be successful I needed to spend on my team, resources, software, and the things required to make me successful in my businesses. Once I changed my mindset, my businesses began to grow exponentially."
On her money mantra:
"What gets measured gets done."
On the craziest thing she’s ever done for money:
"I'm structured in my personal life, in my business, and I'm certainly structured with my finances. It's rare I'll make random purchases. If it doesn't make sense or if I can do without it, I just won't. The other thing is I rarely buy on trend. That goes for shoes, clothes, furniture—whatever. Even the items in my closet for the most part aren't [trends]. The problem with following trends is that trends change, and trends aren't budget-friendly because you always have to keep up."
On the worst money-related decision she’s ever made:
"The worst money mistakes I've made all happened because I did not follow my instincts. I was presented with a business deal that I didn't feel good about, but I did it to please others I cared about. The structure was wrong, there was no long-term plan, and I didn't trust the business owner completely. Within 90 days, the business collapsed, and I lost all the money I had invested. It makes me sick to my stomach to this day because I didn't trust my instincts that were 100 percent right. Discernment is real, and every mistake I've made is because I didn't listen to my spirit and it always backfired."
On her budget breakdown:
"My budget breakdown for my business is one-third goes back into the business, one-third toward business expenses, and one-third is for me. Keep in mind for a long time I did not take a salary. It was more important to keep my team and put it back into my business. When I teach financial budgeting for influencers, I normally use this breakdown for personal expenses:
Housing: 40%
Auto: 15%
Expenses: 20%
Savings/Investments: 15%
Wants: 10%"For more Sara Lovestyle, follow her on Instagram or visit her official website.
Featured Image Courtesy of Sara Lovestyle
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While an evolution is a natural progression that happens as businesses grow, a rebrand is a total change. Lola tells xoNecole, "A total rebrand is necessary when a business’s current reputation/what it’s known for is at odds with the business’s vision or direction.
"For example, if you’ve fundamentally changed what your product is and does, it’s likely that your brand is out of alignment with the business. Or, if you find your company is developing a reputation that doesn’t serve it, it might be time to pump the brakes and figure out what needs to change.
She continues, "Sometimes you’ll see companies (especially startups) announce a name change that comes with updated messaging, visuals, etc. That usually means their vision has changed or expanded, and their previous branding was too narrow/couldn’t encompass everything they planned to do."
Feature image courtesy
The Brand Doula was born in 2019, and its focus is on putting "the experiences, goals, and needs of women of color founders first," as well as brands with "culture-shifting missions."
According to Lola, culture-shifting is "the act of influencing dominant behavior, beliefs, or experiences in a community or group (ideally, for the better)."
"At The Brand Doula, we work with companies and leaders that set out to challenge the status quo in their industries and communities. They’re here to make an impact that sends ripples across the market," she says.
"We help the problem solvers of the world — the ones who aren't satisfied with 'this is how it's always been' and instead ask 'how could this be better?' Our clients build for impact, reimagining tools, systems, and ways of living to move cultures forward."
The Brand Doula has worked with many brands, including Too Collective, to assist with their collaboration with Selena Gomez's Rare Beauty and Balanced Black Girl for a "refresh," aka rebrand. For businesses looking to rebrand, Lola shares four essential steps.
1. Do an audit of your current brand experience — what’s still relevant and what needs to change? Reflect on why you’re doing the rebrand in the first place and what success would look like after relaunching.
2. Tackle the overall strategy first — before you start redesigning logos and websites, align on a new vision for your brand. How do you want your company to be positioned moving forward? Has your audience changed at all? Will your company have a fresh personality and voice?
3. Bring your audience along the journey — there’s no need to move in secret. Inviting your current audience into the journey can actually help them feel more connected to and invested in your story, enough to stick around as changes are being made.
4. Keep business moving — one of my biggest pet peeves is when companies take down their websites as soon as they have the idea to rebrand, then have a Coming Soon page up for months! You lose a lot of momentum and interest by doing that. If you’re still in business and generating income, continue to operate while you work on your rebrand behind the scenes. You don’t want to cut existing customers off out of the blue, and you also don’t want so much downtime that folks forget your business exists or start looking for other solutions.
While determining whether the rebrand was successful may take a few months, Lola says a clear sign that it is unsuccessful is negative feedback from your target audience. "Customers are typically more vocal about what they don’t like more than what they do like," she says.
But some good signs to look out for are improvements in engagement with your marketing, positive reviews, press and increase in retention, and overall feeling aligned with the new branding.
For more information about Lola and The Brand Doula, visit her website, thebranddoula.com.
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When I think about Beyoncé and her music, there’s no question that she is the reigning Queen of Pop (if you disagree, argue wit yo mama). However, for me, and other Beyoncé fans alike, the love for the icon’s music goes far beyond that title, the accolades, and the global reach it brings. It’s the passion, the relentless drive that undercuts her strive to push past previous iterations of herself as an artist, her dedication to curating classic bodies of work that rival meme-able earworms on today’s music charts, and the “That Girl” energy she can’t help but emit in everything she touches.
I don’t care what anyone says, there is an innate confidence that washes over you the instant you play a Beyoncé song.
Whether you’re channeling your female rage ("Don't Hurt Yourself"), celebrating the unapologetic love of your Blackness ("BLACK PARADE"), kissing the scars from a cruel world that sought to turn you cold ("MY POWER"), twerking just because ("ENERGY"), making love to the person in your world who makes you see stars ("Rocket"), conveying the love you have as a mother to your daughter ("PROTECTOR"), learning to forgive who you once were in the face of love ("Resentment"), or you just want to feel yourself ("Diva") - Beyoncé has quite literally has a song to bless your eardrums and your spirit with.
No matter the track, you feel her and whatever the vocalist is trying to convey. Full stop. Even if her sonic explorations into the forays of country, Afrobeats, disco, house, trap, pop, and R&B still have you puzzled about why girls love Beyoncé, put some respect on her name today and every day.
In honor of Beyoncé Giselle Knowles Carter’s 43rd lap around the sun, some members of the xoNecole team take a beat to show love to a woman whose love for music has touched something within us all.
An introduction to Bey:
"I was in my early teens when I knew I loved Destiny's Child, but my favorites back then were LeToya (Luckett) and Kelly (Rowland). I could relate to their unique style and sassiness the most at that age. (I had the Kelly haircut back then and rocked it to my prom). After Beyoncé went solo in 2003, it wasn't until the Dangerously in Love album that I'd truly fall in love with her voice and artistry. I had the CD and played it until it would skip due to the scratches from it being on repeat too much.
"The cover reminded me of one of my favorite icons, Diana Ross, and when it debuted, that was a time of heartbreak for me. I really needed songs like 'Me, Myself and I,' 'Gift From Virgo,' and 'Signs' (with one of my all-time faves, Missy Elliott). The harmonies, the riffs, and the videos were everything. It's still my favorite album of hers to date."
What Beyoncé's music means to her:
"For me, Beyoncé's musical journey represents an empowered one of progression and self-actualization. I've been around since the days of Girls Tyme, so I saw her go from kiddie on the come-up, to playing the background with that big voice as part of Destiny's Child, to the powerhouse actress, entrepreneur, culture-shifter, mom, and global iconic brand she is today. She has really unapologetically grown into her womanhood and unique God-given purpose---both via the music and in the bits of her personal life she shares---right in front of us.
"She seems to be savvy in owning her narrative and not letting anybody tell her who she is, even as a multimillion-dollar brand with a lot at stake. That's revolutionary. I like that she uses her celebrity to do good---though it can get a bit contentious and dangerous due to the machine that is the superfan element among her fan base. Overall, for me, she represents what can be manifested through resilient hard work, full expression and development of self, strategy, and Black excellence."
Her Beyoncé Big Three:
1. "Drunk in Love"
"Drunk In Love," from Beyoncé:
"In mid-December 2013, Beyoncé surprised everyone with a striking and provocative social media marketing campaign for the album. The campaign was ahead of its time and has become a 'norm' nowadays, but she and her team were pioneers, of sorts. My 'drunk in love' early-January birthday weekend the following year included a beach, a few casinos, and more than a few wild public 'surfboard' nights with my guy at the time, a Brooklyn dude who I still chuckle about whenever I hear the song today.
"The DJs were still playing it on repeat around that time, and the song would shut the clubs down, especially if you'd had one too many glasses of Nuvo (remember that pink sparkling liqueur?! Ha!), D'usse, Dom, or that Hpnotiq-Henny combo. There are probably many saucy-sex babies conceived off of this song."
2. "BREAK MY SOUL"
"Break My Soul" from Renaissance:
"I adore that this powerfully liberating song features Big Freedia and a bounce culture I've loved for years. I also love the empowering lyrics, especially in these post-pandemic days where it just seems like everyone is stressed out, embracing doom mentalities, and forgetting that life is indeed a privilege and we should be empowered by that God-given privilege to take charge of our own joy, build our own tables, and go for our dreams in a way that is radically courageous and hopeful.
"She sings, 'I'm looking for motivation, and I'm on that new vibration. I'm building my own foundation,' while Big Freedia repeats 'Release ya anger, release ya mind... release ya love, forget the rest.'"
3. "Me, Myself and I"
"Me, Myself and I" from Dangerously in Love:
"I'd always lean on this song in hard times, especially when I felt very alone. I'd replace the word 'I' with 'God' and it really got me through some dark times in my life. The simple but self-affirming lyrics and her bold voice on this track make it an all-time winner for me that's timeless."
THE Beyoncé that changed everything:
"B'Day, her second solo album, is a soundtrack of life-changing memories for me. It was released the summer of 2006, and at that time, I'd just officially moved to New York full-time to advance my career after working at a small New York Times Co. publication in the South. I'd moved to New York with only my car and clothes and didn't really have a confirmed job at the time. A former friend's mom let me sleep on a blow-up bed in a tiny guest room that she was using for storage at the time, and by God's grace and the recommendations of a mentor, I actually landed a job at The New York Times shortly after.
"I started making a nice amount of money after that and would blow it on bottle service, parking tickets, and clothes! Ha! It was an exciting time both for New York entertainment and media culture, and for my personal life as a 20-something living and working there. That whole album features songs associated with my first New York City job, spending many of my after-work hours at rooftop parties, industry events, on dates in bars and over-indulging in VIP sections at Meatpacking District clubs, my first big-girl post-college situationships, my relocations all over New York (from the Bronx to Harlem, and finally to Brooklyn), and the new groups of friends I made that were a mix of born-and-raised New Yorkers and transplants."
What Beyoncé's journey has taught her:
"I think that Beyoncé's journey just inspires me to keep taking every day, one by one, to thrive in my lane, to unapologetically hold dear things private, and to mature more into fulfilling God's purpose for my adult life. I think her journey---the bit that she has shown us publicly--is simply empowerment in using whatever talent you have to fulfill the ultimate parameters of purpose in whatever multifaceted ways you can. Live life with boldness and purpose."
Chantal Gainous
Client Services & Campaign Manager, xoNecole
An introduction to Bey:
"I was definitely there from the start. Destiny's Child's 'Survivor' running on MTV/VH1 every morning before school was definitely a huge moment for me. It was 6 a.m. and I was trying to nail down those moves! She was 'that girl' then and she's still 'that girl' now."
What Beyoncé's music means to her:
"It's a direct result of hard work. Every body of work she has gifted us with is laced with inspiration and motivation. Whenever I'm trying to hype myself up - I think of what Beyoncé album could get me there."
Her Beyoncé Big Three:
1. "Smash Into You"
"Smash Into You" from I Am... Sasha Fierce:
"We still don't give I Am... Sasha Fierce enough credit!"
2. "Upgrade U"
"Upgrade U" from B'Day:
"A classic!"
3. "ALIEN SUPERSTAR"
"ALIEN SUPERSTAR" from Renaissance:
"THE ONLY ONE!"
"It would have to be Beyoncé self-titled [Beyoncé]. I always find myself going back to that album - it motivated me to get work done, it's helped pick me off the floor when I'm in a puddle of tears, I sing it with my girlfriends - there's a song for every moment of life on that album."
What Beyoncé's journey has taught her:
"Never think there isn't a new part of yourself you can't explore."
London Whitson
Contributing Editor, xoNecole
Her introduction to Bey:
"I was first introduced to Beyoncé when she was in Destiny's Child. My first memory of her was through their song 'No, No, No Pt. 2,' which I would listen to all the time."
What Beyoncé's music means to her:
"Beyoncé is such a powerful figure in music and also as a woman. She is a great representation of everything we can be: powerful, sexy, beautiful, smart, creative, and more."
Her Beyoncé Big Three:
1. "Drunk in Love"
"Drunk in Love," from Beyoncé:
"'Drunk in Love' is such a fun, sexy song and arguably one of her best songs."
2. "I Care"
"I Care," from 4:
"'I Care,' especially the Homecoming: The Live version is such a beautiful and emotional song that always gives me all the feels."
3. "Dangerously in Love 2"
"Dangerously in Love 2" from Dangerously in Love:
"'Dangerously in Love 2'" is a Beyoncé classic, so I had to include it."
THE Beyoncé album that changed everything:
"I will have to say B'Day was the album that did it for me. I've always felt like that era was quintessential Beyoncé, and it was the soundtrack to my 10th grade."
What Beyonce's journey has taught her:
"A lesson I've learned from Beyoncé is that we are unstoppable, limitless, and can create all that we can imagine."
An introduction to Bey:
"Definitely Destiny's Child. From the vocals to her center position to the signature blonde hair, I was just entranced with her from minute one. The first album I ever heard by them was The Writing's on the Wall and I was a fan from that point on. As kids in summer camp, my friends and I even did a performance where we created choreography for 'Say My Name.' I was Kelly (Rowland). I think I was 10 or 11. I have been a self-proclaimed Beyoncé enthusiast ever since."
What Beyoncé's music means to her:
"Oh, wow. The layers. I can tap into my most powerful self whenever I listen to Beyonce. Her music has been transformative for me in many ways. I have been able to literally grow with her over the years and it has been beautiful to see her growth as an artist. I've seen her become more sure of herself, her become more herself with each album, and I feel that in her music and what she chooses to say in her projects. Her music acts as an anthem for me and the multifaceted woman I want to be, but also the fullness of who I want to be.
"She transports me into different emotions, and when I am not feeling like myself, I turn something of hers on and am instantly reminded of this personal power that is always accessible to me at my fingertips. I can be so many things. I can do so many things. Her music reminds me of the magic of living and loving loudly for its highs and its lows. Different albums of hers have acted as soundtracks of different seasons of my life."
Her Beyoncé Big Three:
1. "FIND YOUR WAY BACK"
"FIND YOUR WAY BACK" from The Lion King: The Gift:
"Y'all, if there is one Beyoncé song that has seen its fair share of replay, it's 'FIND YOUR WAY BACK.' The message that resounds for me is that you are never lost, even when you think you are, you are finding your way, and because you're finding your way, you are where you're supposed to be. I know it's about Simba and The Lion King, and more specifically Black Is King, but how could that message not find me?
"Whenever I am in a state of overwhelm or uncertainty, or having a bad day and I feel like, 'Where do I begin?' Turning on this song, swaying my hips, and singing this song like a mantra feels like I'm grounded again. It puts me back into my body, and back into a state of knowing that I'll always find my way."
2. "Love Drought"
"Love Drought" from LEMONADE:
"Those first few seconds get me every single time. It's such a dreamy and airy listen. Honestly, the song as a whole reminds me of how delicate of a thing vulnerability is but also how powerful. To me, the song is about a relationship on the rocks and she is trying to bend without breaking while her lover does the same. She pleads for them to help her end the 'love drought' so that their love can heal.
"'All the loving I've been giving goes unnoticed, it's just floating in the air,' the lyrics are so beautiful in their simplicity but are somehow able to capture so much. Her vocal choices in the song makes them hit that much more. This song is one of my all-time favorites by her."
3. "FLAMENCO"
"FLAMENCO" from COWBOY CARTER:
"The harmonies! From the very start, the harmonies that start the song off pull you in. I loved a lot about COWBOY CARTER but by the time I got to this track, it was just something special about how haunting it sounds. I had to stop whatever I was doing to allow myself to fully take it in. I am not sure of its meaning, but I think it is a song about the sometimes heavy yet always ephemeral nature of life. This lyric 'I hope that God knows that I'm in need of help right now' feels like a call to that fact.
"And when she goes off at the end with her runs? The melody, the lyricism, I was blown away and continue to be whenever I hear it. At one minute, 40 seconds, it feels criminally short, but I also think that's what's really sweet about this listen."
THE Beyoncé album that changed everything:
"4. As far as I'm concerned, 4 is one of Beyoncé's most slept-on albums to date, but that's okay because I love it. I think this album shifted how I felt about her as an artist. Even though I loved her singles as a solo artist for years predating 4, I never revisited them to listen from beginning to end like I did with this one. I know we had 'Love On Top' and 'Countdown,' but there are truly so many gems like 'I Care,' 'I Miss You' and one of my all-time Beyoncé favorites, 'End of Time.'
"It grew my appreciation for her as an album artist. I love that she had a certain vision for an R&B album and she stuck to it. I feel like I've seen her dedication to crafting bodies of work as a throughline in much of her later work but 4 was that introduction for me. Also, if you haven't seen her perform this while pregnant with baby Blue at her Live at Roseland: Elements of 4 concert, you haven't lived."
What Beyoncé's journey has taught her:
"Don't let other people's comfort level dictate the life you see for yourself. If you can see it, you can be it. Sometimes even if you can't see it, you can be it. Dare to take up space as a Black woman and as a creative. Dare to be more yourself."
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