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This Founder Makes $25,000 A Month Through Her Multiple Income Streams
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.
Schelo D. Collier is the founder of Black Women Invest, a membership organization created specifically to help her community create wealth and discover more about investing. Through the company’s retreats, panels, helpful online content, and more, she helps many women with varied goals and backgrounds grow their income and knowledge on investing. And unlike the plethora of “coaches” on the gram, she has the background to prove it.
Finance has been part of Schelo’s life for years. Before starting Black Women Invest, she was working diligently in her “dream job,” where she helped thousands of investors build their real estate portfolios. And by 24, she had already purchased her first investment property. However, the tides turned when she unexpectedly lost her job and was forced to find another path. Throughout this journey, she began to build a community of like-minded women with a focus on investing.
This small online group is now a member-based community of over 14,000 women. In our conversation, she walked me through a little bit about what propelled this journey and what important insights she’s picked up along the way. For Schelo, her goal has always been to inform her community that to build wealth, saving money is important, but investing is crucial.
Tell me a little bit about yourself. When did you become interested in investing?
Man, how far do you want me to go back?
Let’s start at the beginning.
Well, I had an interest in finance and investing since I was a kid, but I didn’t know the term for it. The interest just kinda sparked from being first-generation Haitian-American. We never needed things; God always provided for our family. But I will say, I was very mindful that there were certain things I didn’t get that I desired. That’s how it began. Also, my parents were big on teaching us money habits. So in middle school, they paid me $1 a week. You know in those days, that’s big money! But I remember at some point realizing it wasn’t enough for the things I wanted to do. So I started to buy chips and candy at the store, which was 25 cents at the time, and sell it to my classmates. That became my thing. Like, every week, my goal was to double my money.
I went on to go to a technical high school where I studied finance and went to college and studied finance as well. The route I was on, I was on track to become a financial advisor. But at the time, I felt like financial advisors were specifically focused on finding wealthier clients. My goal has always been to help my people, Black women, and immigrant families, get into investing and create real wealth. I ended up getting a mentor in college who worked at a big bank, and he had a really large pile of clients. They were all in real estate. So I decided I wanted to get into it, and that’s how the journey started.
"The route I was on, I was on track to become a financial advisor. But at the time, I felt like financial advisors were specifically focused on finding wealthier clients. My goal has always been to help my people, Black women, and immigrant families, get into investing and create real wealth."
It seems like you've always had a hustler spirit. But have you always been good with money? Walk me through that journey.
I wasn’t good at budgeting, but I’ve always been good at making money. There’s a benefit in that. But then the negative for people like me is that you spend too quickly. I had that mindset for quite some time. I’ve just always worked and felt like, “I’ll make it back.” Like in college, I had a job at the mall but I’d use my paycheck in the mall. It was a routine every two weeks. I’d get my check and then use it in Forever 21 (laughs).
What other unhealthy habits or mindsets about money did you have to unlearn to truly prosper?
Well, after I was doing that mall routine over and over, a good friend of mine called and asked what I was up to one day. I told her I was shopping, and she was like “Again?” When I answered her, she said: “the spirit of poverty is on us.” That still sticks with me. I think that was my wake-up call. I wasn’t saving money correctly, and even friends were able to see that. Around that time is when I started taking investing and budgeting more seriously. But it’s still a struggle for me, honestly.
I can tell just from your tone that it was a process. What’s the lowest you’ve ever felt when it comes to your finances?
Hearing that question takes me back to 2017. I had started investing, and I had a negative balance of $5. And I couldn't figure out how to cover the overdraft fees. So I had a few hours before I got charged. And I'm texting my younger sister, hey, can you send me some cash so I don’t have to deal with the fee? And she sent me $7. I actually took a screenshot of the Cash App just to remind myself of where I was. I look back at that now, and I can laugh. But, in the moment, I knew I never wanted to be in that place again. It still happened, but little by little, my mindset started to shift from pivotal moments like this.
I love your honesty. Because let’s be real, we’ve all been there. Plus, things have clearly changed now. Actually, would you mind sharing what your finances are like today? How much do you make in a year?
Let’s do the math. *pulls out calculator*
I average around $25,000 a month. But, I mean, it fluctuates. Wow, I don’t think I’ve ever said that publicly.
Well, thanks for sharing. We love a full-circle moment. I want to get more into the investment realm, though. Can you tell me about the first one you made and what the process taught you?
Again, I started in real estate, but the first investment I made was in my education. I took a $25,000 class, and that lesson taught me so much. I was in the investment space, so I learned about flipping, wholesaling, contracts, etc. The investment class opened the area to work at a firm because I was so full of knowledge. The first deal I did was with a developer. We also worked in wholesaling with a few people. Within two months, we closed on over $100,000 in profit.
"I started in real estate, but the first investment I made was in my education. I took a $25,000 class, and that lesson taught me so much. I was in the investment space, so I learned about flipping, wholesaling, contracts, etc. The investment class opened the area to work at a firm because I was so full of knowledge."
How important is investing to you today? How do you invest?
Investing is so important because I do not want to work for every dollar I earn. The goals I have require me to be intentional about where every dollar is multiplied! Traditional ways I invest are through index funds; these are simple and offer diversity to investors. I also invest in real estate through REITs and in startups.
You clearly have a lot going on. What are your savings goals, and what does retirement look like to you?
Financial independence is my ultimate motivator for my savings. I’m currently saving to own real estate internationally. This summer, I’ll be viewing properties in three different countries, and I’ve invited the Black Women Invest Community to join me and search for opportunities together. I’m currently pursuing an early retirement. This would grant me the freedom to travel the world, connect with loved ones on my own terms, and pursue passions that ignite my soul, such as theological studies. I can see myself living by the ocean with the sound of waves as a constant companion, no alarm clocks, no rush in the world, just the space to pursue what is important to me.
First, that sounds amazing. Second, you brought up Black Women Invest, so we have to dig in. When it comes to structuring your business, what are your streams of revenue and how did you go about establishing them? What was the intention behind having multiple ways to make money?
When I first started my business, I was only really exposed to one stream of income: selling courses online. I did this for some time, and it worked. But it was always capped by my time and ability to sell. Things shifted when I became extra intentional about answering my community's needs. Some of my streams of business income include revenue from our international real estate trips, our national chapter membership, partnership deals, and course sales.
I think everyone should have more than one way to earn money in their business. You never know if an industry will change and cause a product of yours to become irrelevant overnight. Having other options your community can come to you for builds trust and reputation and it allows you to target different needs within one community.
Finally, please tell me more about your past event in California. What was the experience like for attendees, and what can we expect from future events?
The Black Women Invest Conference was an empowering atmosphere surrounded by financially savvy women. It was a three-day retreat-styled conference at a cozy winery in Temecula, California, and it extended beyond investment education. Attendees gained actionable strategies for stock and real estate investing, dived into business development ideas, and connected with financial experts through panel discussions and breakout sessions.
But the heart of our experiences lies in community. Guests can always expect to build lasting connections with like-minded Black women as they share goals, celebrate successes, and forge a supportive network that will propel you on your wealth-building journey. We strive for our events to be filled with inspiration, education, and authentic sisterhood.
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Feature image by @investwithschelo/ Instagram
Kirby Carroll grew up in VA but now calls Atlanta, GA home. She has a passion for creating content and helping brands grow through storytelling and public relations. When not immersed in work, you can find her sipping a mimosa at brunch or bingeing a new TV drama on Netflix. Keep up with her on social media at @askKirbyCarroll.
This article is sponsored by Hulu.
UnPrisonedhas returned for its highly anticipated second season, delving deeper into the complex dynamics of the Alexander family.
The series premiere comes a year after its debut season garnered rave reviews from fans and critics and earned record-breaking ratings for Hulu's Onyx Collective brand. UnPrisoned's success can be attributed to its raw, relatable themes and comedic appeal.
Inspired by creator Tracy McMillan's life, the show follows Paige (Kerry Washington), a therapist and single mother whose life takes an unexpected turn when her father, Edwin (Delroy Lindo) --who was released from prison-- moves in with her and her teenage son, Finn (Faly Rakotohavana).
Throughout UnPrisoned's first season, viewers witnessed how Edwin's incarceration deeply affected Paige's life and relationships. In the series, Paige unpacks her trauma through interactions with her inner child and her online followers. Meanwhile, Edwin is overcoming specific struggles with his own past that led to his life of crime, including a dysfunctional upbringing and his mother's arrest. As the Alexanders attempt to reconcile, new challenges arise.
This new season promises to further explore their unconventional family dynamic. Here are several compelling reasons why season two of UnPrisoned should be on everyone's watchlist.
The Alexander Family Life Is Still In Shambles
UnPrisoned's second season resumes where the series left off, with Paige grappling with the fallout from her troubled therapy practice and Edwin navigating life independently after moving out. Meanwhile, Finn faces his own challenges. The teenager is battling anxiety and seeking information about his father—a topic Paige avoids discussing.
The Alexander Family Are Attending Therapy To Resolve Their Underlying Issues
Amid the chaos in their lives, the Alexander family decides to mend their bond by confronting their past traumas. They seek professional help and attend therapy sessions with a “family radical healing coach,” played by John Stamos, a new cast member. This collective effort aims to unravel the complexities of their shared history and strengthen their relationships.
The process of unraveling each character's internal conflicts and their potential impact on future relationships may clash with Paige's textbook therapy approach. While Paige is used to being in the therapist's seat in both career and family, this forces her into the unfamiliar role of a patient during therapy sessions. This shift would compel her to look in the mirror and try a radically different approach.
The Alexander Family Learned A Big Lesson During A Therapy Session
In therapy, the Alexanders are tasked with addressing their individual traumas to salvage their remaining relationships. One of the family therapist’s eccentric suggestions was an exercise involving a family wrestling match. During this session, Paige faces tough questions about her refusal to share information about Finn's father.
While it's unclear whether this scene is reality or fantasy, the image of the family duking it out in the ring certainly makes for hilarious yet compelling television.
Paige Tries Dating Again Following Failed Relationships
Amid her life's chaos, Paige decides to step back into the dating field. However, her many attempts have left her with mixed results. The dating apps have turned out to be a fail, and an outing with her ex Mal (Marque Richardson), who is also her father's parole officer, doesn’t go quite as expected after he brings an unexpected guest – his new girlfriend.
The situation takes an awkward turn when Mal's new partner learns why the former couple split, partly due to Paige's self-sabotage.
UnPrisoned Is A Perfect Balance Of Comedy And Drama
As a dramedy, UnPrisoned takes a comedic approach to its heavy subjects. The show takes us on a ride with Paige's dating misadventures and navigating a friendship with her ex.
Other lighthearted moments include Edwin's attempts at CPR based on online videos and, of course, the antics of the Alexander family's unconventional new healing coach.
The second season of UnPrisoned is now available on Hulu.
UnPrisoned | Season 2 Trailer | Hulu
Feature image courtesy
Love On The Brain: What Science Says Loving Someone Does To You Mentally
I dig science. A big part of the reason why is because I really enjoy researching the “whys” of things. While my father always liked that about me, my mother oftentimes had something slick to say about it (that’s another message for another time, chile). To me, it’s whatever. For better or for worse, I’m simply not someone who accepts that the sky is blue “just because” — put it on my daddy’s DNA, I guess; with no apologies in place, I almost always want to know why something is the way that it is.
And since I spend so much of my time working with couples and writing on relationships, I’m sure no one is shocked that I’ve done my due diligence when it comes to figuring out what is really going on in the minds of humans whenever they are hyped about being in love. While on the surface level, it might seem like I’m being cynical, I’m actually not. It’s more about…well, again, I’ve been working with couples and writing about relationships for so long at this point that I think it’s important for folks to know the difference between an “emotional surge” and a truly wise love decision — and being aware of the role that the brain plays when we think that we’re in love with someone? That can help to bring some perspective and clarity into all of this.
So, whether you’re in something new and you’re currently on cloud nine, you’ve been in something for a while now and you’re wondering if you’ve “lost that loving feeling” or if you’re borderline on the verge of self-sabotage or, you’re like me, and you simply like to know random information just because — I’ve got 10 things that might be of interest to you as far as what science says love can literally do to you on the mental tip.
It’s fascinating stuff, indeed.
1. Dopamine Gets Activated
It’s pretty interesting thatdopamine is a type of neurotransmitter that plays a significant role in things like how you are able to experience pleasure or create memories because both of those are quite relevant when you’re in love with someone. Well, according to science, when you feel like you truly love an individual, dopamine gets activated on a whole ‘nother level to the point where you not only feel euphoric but,it’s at the level of what alcohol or a cocaine high can produce (have mercy!) I’m not exaggerating, either.
In fact, Medical News Today once published an article entitled, “Falling In Love Hits The Brain Like Cocaine Does.” Hmm…makes you wonder if some people run up outta there marriages, not because there’s really anything “wrong”; it’s just that they have crashed from their “cocaine high” and no one prepared them for how to handle it (get into premarital counseling, engaged folks; it makes all the difference in the world!). Also,as far as dopamine goes, when men are “falling” for a woman, it’s dopamine and vasopressin that increase, while, for women, it’s dopamine and oxytocin. During sex, vasopressin drops in men, while oxytocin increases when a woman climaxes. The more you know.2. Euphoria Increases
Let’s go a little bit deeper into the whole euphoria thing. At the end of the day, euphoria is about intensity. I mean, a part of the reason whythe series Euphoria has been so popular (and jarring) is that it showshow drug abuse can put people into a euphoric state — at first in a pleasurable way and eventually on a devastating level. When it comes to love, some experts say that three stages transpire when you feel like you’re in a love-related euphoric state:arousal, attraction, and attachment. And you know what? If you aren’t intentional about doing what Ben Franklin once said (“If passion drives you, let reason hold the reins.”), you could find yourself being on a roller coaster of emotions without having a relationship that consists of much stability. Yeah, euphoria increasing can be problematic as hell if you don’t get all of what comes with that.
3. Oxytocin Surges
When it comes to the articles that I’ve written on love, sex, and relationships on this platform, I don’t know if there’sany hormone that I’ve shouted out more than oxytocin. That’s because there are countless amounts of intel supporting the fact thatit bonds people through things like hand-holding, cuddling, kissing, and definitely sex. That’s whysome experts say that oxytocin can cause people to become “single-minded” about a person, it cancultivate feelings of trust, and it can literallycreate physiological changes that cause you to seek out your love interest.
This is a part of the reason why, when people declare that they are “in love” after say, a one-night stand, my mind immediately thinks, “Eh. Sounds more like an oxytocin surge.” You don’t know them well enough to love them; you can “love” how they make you feel, though. It’s essential to know the difference.
4. Fear Decreases
Now, this is an interesting one. Something else that science says happens when people are in love is the neural pathway that is associated with things like fear and judgment. It actually deactivates itself (chile…CHILE). Yep, some studies reveal that the part of your brain that encourages you to make “critical assessments” of individuals. When you feel like you love them, that shuts down. As a direct result, in walks the rose-colored glasses, and out goes the red flags. And that’s why, when I recently read that a particular actor didn’t heed some warnings from her friends regarding her new relationship, I literally shook my damn head.
When you’re all in love, especially in the beginning stages, having folks around who don’t feel the same ways about the person as you do can actually help you out in the long run, so long as they are good friends with a solid track record, they are going to notice some things that your neural pathway is keeping you from paying close attention to. Yeah, y’all be careful out there.
5. Your Prefrontal Cortex Slows Down
Speaking of desensitized senses, something else that transpires when you’re caught up in someone isyour prefrontal cortex becomes sluggish. Why is this problematic? Well, that’s where the logical part of your brain is housed. This means that when you love someone, you may not be the best at making sound and practical decisions. Although I don’t agree with an article that said this means that love is illogical (love is sound, sane, and stable; it’s folks who jack relationships up…not love), I do think all of this is a reminder that you must rely on more than just how someone makes you feel when you’re trying to decide who to build a life with. Moving on.
6. Your Hypothalamus Revs Up Your Sex Hormones
I don’t know about y’all, but I don’t know too many people who aren’t attracted to the object of their love and affection. And so, when you do fall in love, something else that happens isthe part of your brain known as the hypothalamus stimulates your ovaries while it also stimulates your man’s testicles — and that is what makes you feel an overwhelming feeling of desire (i.e., lust) for your partner.
7. Your Brain’s “Reward Circuit” Lights All the Way Up
Speaking of longing for your partner, three parts of your brain — the amygdala, the hippocampus, and the prefrontal cortex — are known as its “reward circuit,” and whenever you even speak about your bae, this is the part of your brain that lights up like a Christmas tree. Something that’s really interesting about this particular point is, that while this is happening, your serotonin levels typically drop.
Why does this matter? Well, serotonin helps to keep your anxiety levels in balance, and it also helps you to regulate your appetite(s). This would automatically cause me to believe that people who struggle with love addiction probably have a low level of serotonin operating in their system.
Oh, speaking of serotonin, although you may never think to get your hormone levels checked strictly to learn more about how you’re acting/reacting in your romantic relationship,I also found it interesting that people who have more dopamine in their system tend to take more risks when it comes to love while those who have more serotonin are usually far more cautious. Meaning, that how you are in your relationship(s) may not be just about your personality; your hormone levels tend to have a say as well.
8. Your Anterior Cingulate Cortex May Make You Obsessive
Your anterior cingulate cortex is the part of your brain that’s associated with things likemotivation and action. Anyway, since overactivity in this part of the brain is oftentimes linked to things like obsessive-compulsive disorder,some researchers believe that the reason why some people seem to think obsessively about their partner, almost to the point of obsession, if they don’t stay on top of it, is because of how their brain reacts to their attachment to their partner.For the record, this is also the part of your brain that literally lights up whenever you see your partner, too.
9. Vagus Nerves “Sync Up”
Your vagus nerves are a part of your nervous system that starts at your brain and runs through your digestive tract. This makes them an integral part of things like your immunity, your speech, your moods, and your heart rate. As far as your brain goes, some studies reveal that after a couple has been together for a longer period of time, it’s not uncommon for their vagus nerves to “sync up” in the sense of having similar facial expressions and hand gestures being and even their hearts starting to beat at the same pace.As a direct result, the syncing makes it easier for both individuals to make sacrifices for one another in order to remain together. Share that with your grandparents the next time you see them. #wink
10. If You’ve Been Together for a While, Your Angular Gyrus Becomes Stronger
Speaking of longevity, another perk that comes with couples who choose to go the distance is the part of their brain known astheir angular gyrus becomes more active. What’s actually sweet about this is that not only is this what makes it easier for you to learn complex languages, but you can also start to anticipate your partner’s actions with it too. As a direct result, science says that many couples can finish each other’s sentences — and it’s all because their angular gyrus has gotten stronger as a result of them staying committed.
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After reading all of this, how could anyone possibly look at being in love casually? There are far too many intricate parts at work — yes, literally. Yeah, when Rihanna sang about having “love on the brain,” she said more than a mouthful…whether she realized it or not.
And if you declare that you are in love, make sure to factor in what your brain is going through. Then choose wisely. Even your brain and mental health depend on it. Also…literally.
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