Lessons I Learned from Cardi B
Money Lessons from Cardi B
Cardi B is good for a twerk-out song, but Cardi B is also my money mentor. For the past three months, I’ve been following Cardi B money tips. Here’s a list of money moves nuggets that I’ve learned from an unconventional financial feminist.
Mad Work Ethic
Cardi is a businesswoman. She, analyzed her scenario and crafted money goals. She was a regular on the Show Love and Hip Hop. She worked on a show full time and recorded songs, trying to get a hit single. According to Cardi the reality show did not maximize her social capital and she quit reality television to solely focus on her music career.
Like you, Cardi understands the value of work.
The Bernie Tax
So far, she is the only rapper that I’ve read about that talks about paying her taxes. Honestly, she one of the only people in pop culture besides money experts that talks about money. This is sad, but it’s important to know where the money is. In one of her recent Insta-rants Cardi explained her frustration with paying taxes. She in so many words wanted to know how she pays so much in taxes, but people don’t have proper Social security. Cardi’s tax rants caught wave from Senator Bernie Sanders team. Sanders and Cardi B created a thoughtful buzz around social security.
Know your Numbers
In a recent interview Cardi revealed how much she had to invest to perform at Coachella. She made 70,000 a day for her performance. She performed twice and made about 140,000. For the operations she had to pay out of pocket around 300,000. Women should be open with money. Cardi B is moving people in the right direction. Coachella is the number one music festival in the world, she invested in her brand.
Set Financial Goals
In a recent article in the Guardian Cardi shared her first money goals. She wanted to save $100,000 by the time she was 25, buy a house and rent it out. She is now able to do so.
She got a Financial Planner Y’all
Recently, Cardi B has gotten in more beef about her spending habits than any other rapper that I know. In a recent Twitter argument Cardi and other influencers got into about Cardi coach in purchasing her fiancée an expensive car. Cardi explanation goes as follows.
"is cardi b spending that much $ on anything... like she ain’t worth enough to be spending that much dough on something that depreciates in value."
I️n the month of December i only have 3 days OFF ,yesterday was my first day today I’m back to work on my hubby Bday.I️ work too hard that’s why i spend my money how i want too spend it 😤and because financial adviser say i can😂😂Dont clock my pockets.— iamcardib (@iamcardib) December 14, 2017
Why is Cardi B an important money motivator?
There is power behind her rags to riches story. Cardi B left an abusive relationship to strip. From stripping to rapping Cardi has worked non-stop from twenty to twenty-five. Regardless of if you agree or disagree in Cardi’s ethics, there are many women that are in trapped relationships or jobs that they don’t want to be in and feel as there is no way no way out. Cardi is very aware of the influence that she has on adult women. The most empowering thing about this woman is that she recognizes that she can change.
The question is what would it look like if women reclaimed their money stories like Cardi?
How can we use Cardi’s money lessons to activate our own money stories?
Making Real Money Moves. Steps to Activate Your Money
1. Find your Financial BFFs.
All boss babes have financial best friends. Do you have a house, business, or job? If you can answer yes to one or more then you might get a lawyer. Lawyers get a bad rep, but they can be great financial bffs. Getting a lawyer, may be as simple as requesting a consultation which are 99% free and building a rapport with someone who is a professional. There will always emergencies, having a lawyer can help ease any legal issue that pops up.
If you can’t get to a lawyer in place at least have Legal Zoom in your wheel house. Legal Zoom helps women with many legal options, from drafting a will to starting a business legally. Legal Zoom offers a flat fee for each legal designation.
Accountants are another financial best friend. Personally, I was terrified of accountants. Little did I know that accountants are gangsters. Have you ever had a relative or a friend that would go to a store and haggle for a cheaper price? That is what an accountant does but for your budget.
2. Hold a forgiveness party
This is probably the most woo-woo request out of all them. As women, we were always taught to hold our emotions in. Always smile and be nice. These emotions are translated to money too. We all have money story from our mother, father, etc., but how do we actually feel about our money story? Are we crushing it? Or are we constantly, trying to put a financial smile on. These are the questions that we have to start asking ourselves.
This is where a forgiveness party takes place.
A forgiveness party is a party where you and your friends write down your money story down and burn your story. For those of you that are unaware of money story, it’s where one writes down their past experiences. Writing down your money moments allow you to visually see what real thoughts you have about money. Writing through life has a week worth’s of money story writing prompts to help you figure out your money story. One of most, memorial writing prompts is:
If money was your lover, would you still be dating them?
After you write down your thoughts about money, read the thoughts out loud. Reading your money stories, will be one of the humbling experiences that you will have. One of the reasons is that money creates vulnerability around people. Having you a-ha money stories is just as important as any moment. After your story. Burn that mother up!
Burning letters have a significant feeling
As someone who is an ENTJ and doesn’t like to get woo, woo. I realized that writing down my money story was just important as writing as resume. When I first wrote my money story about two years ago, I realized that there were some positive money moments in my life but.... I also realized that I had a fear of abandonment with my money story.
My first thought about money is that money was going leave me. Some people that have abandonment issues stem from divorce or a parent moving away. Learning about my money story also helped me with my relationship story. Anytime I dated someone I tried to sabotage the relationship before it even started.
3. Write a Job Reflection
Updating your resume is good. Writing a Job Reflection is even better. It doesn’t matter if you’re a business owner or a server, you acquire skills every day. Be it conflict management, or coding, we often times forget simple things as learning how to send an autoresponder via email or learning how to meal prep (that’s an organization skill, y’all).
Writing down a list of things that you’ve learn on a google doc or a piece of paper will help you understand that your skills are valuable. You have valuable skills that you should celebrate. Have coffee with a recruiter. Ask around recruiters, to see what are the job responsibilities of your job? See if you have acquired those skills. Uncover what people get paid to do your job at other companies.
4. Money book club
Book clubs enhance your community and conversation. Starting a money book club helps you enhance your money muscle. If you already belong to a book club recommend a money book. If money book clubs are non-existent in your community. Hop over to our Facebook group Money and Flow book club. We are reading The Broke and Beautiful Life by Stefanie O’Connell.
5. Understand your Financial Ladder
If you’re sick you go to the doctor’s office. If you get in a car accident you call your insurance agency. Why not look at your money if you’re feeling stuck on the financial train. There are different ways to seek help and guidance for money.
There’s a Financial Coach, Adviser, or a Certified Financial Planner. There’s a difference between each of the financial cheerleaders, and together we’ll break them down.
A financial coach looks at habits and systems. They analyze your budget and help you understand and unlock your money habits and expenses. They typically have a pretty affordable rate to help.
A financial Adviser is someone who is more on the transactional side. Financial Advisors have a wide spectrum of services, but it mostly product-focused. has at the other end of the spectrum are services provided by financial advisors that may be hands-off and purely transactional or product-focused. If you want to get mutual funds you could speak to someone that works for Vanguard.
Certified Financial Planner swore under oath to look after the clients best interest. Like a Lawyer, CFPs must take a financial test with a board. CFPs have the ability to look at habits and systems and offer recommendations based off of your goals.