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If 2020 Were A Book…

I was at a work event in November where we were all asked to imagine that 2020 was a book and give it a title. I was stumped. The year had been such a whirlwind of horror that I literally couldn’t form a response. Everyone else shared what they were grateful for – healthy families untouched by COVID, their children, Zoom. I choked something out and then wept for hours (and through the night) after the call ended. Something about having to NAME 2020 helped me finally grieve and face what a painful year it was.

Some people wail and scream when rocked by loss…but when I’m really sad, my throat closes and it is virtually impossible to speak.

2020 knocked me speechless.  In March, we lost my hilarious uncle Eric – I’m named after him.  Seemed fine and then…short of breath, spitting up blood, and GONE. Covid.

Later that month, I was furloughed from a job I loved.  Because of Covid, they said. Woke up excited to close a big deal and ended the day, job GONE.

Next we lost my grandfather, the patriarch of our family.  He lived a long life of excellence, service, and intellectual rigor. His caregiver thought COVID was a hoax. They both got sick.  Gramps didn’t make it…Started the month healthy and then…GONE.

That said,  some changes in 2020 were blessings – doors closed but better ones opened. I vaulted over obstacles and was reminded when I landed safely on the other side that I’d prepared well for these worst case scenarios and rainy days.

I lost a job but found a better one at a much better company.  I never would have been looking if not for COVID.  I ended a marriage but find myself in a better relationship with a much better partner.  I distanced myself from some but grew closer to better friends and established much better connections built on stronger foundations.

2020 tested me.  It tested us all.  But we are still here, still standing, still moving forward.   The tightness in my throat is easing, my voice is coming back just in time to say emphatically “Happy New Year.” Like you, I’m hoping that 2021 allows us to move past our grief and start over stronger and more compassionate than ever before.

What title would you give to the book of 2020?

For fun here are a few that came to me (once I stopped crying, lol):

The Test
Love in a time of COVID
When things fall apart
The Change
Up the down staircase
Are we there yet?
It was the best of times, it was the worst of times

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Starting Over: A New Job in the Age of COVID

I think we can all agree that 2020 has knocked us on our collective a$$es. I’m no exception. Despite being a top performer on my team (233% to goal in 2019) after 4+ years of dedicated service, I was shocked to be among the first furloughed from my company.

Now, after officially being laid off via mass conference call (eye roll) in June along with dozens of my mystified colleagues, I started a new job! Ironically, I’m now working for the biggest competitor and player in the category – a much better company than the one that laid me off.

That said, being kicked to the curb via mass conference call from a job I loved did hurt and being new again – when I had no intention of leaving my previous role, still sucks. I’ve gotta just own the suck and keep pushing forward. We all are going through a lot right now and the longer this drags out, the more I’m forced to simply OWN the suck and then focus on the blessings. Things could be better, but they can always be worse too.

So, this week, as I go through week 2 new hire orientation on my new job via Zoom webinar with 179 other brave souls who are tremously starting over, I’m working to do the following so that I can start over as best as possible – sharing the list in case it is helpful to someone else faced with starting over in this difficult time:

  • Mourn the loss. Take a moment to write down everything you feel that you’ve lost this year – perhaps it is your job, a carefully planned trip, or even a loved one. Look at that list and own that sorrow. Cry if you feel like it. It is impossible to move forward in a healthy way without acknowledging the things that have sucked and hurt about this year.
  • Release the anger. I felt a lot of anger towards my former company. I’d closed a $600k sale the day before I was furloughed and they denied me my commission because I was “on leave” when the comissions were paid out. Neither my team lead nor the leader of our entire group made any effort to speak to me personally before or after my furlough/layoff. I worked with these people for over 4 years and felt tossed away with no thought to my well-being or humanity. That shit hurt. That shit made me MAD. I’m sure things have happened in your life since COVID hit that make you mad too – own it. Scream at it. Curse it out and then let it go so that you can move on. For me, this involves mentally visualizing the people I feel have wronged me and while I stand on a lovely beach, I shove them off from shore with a long stick. I stick my middle finger up and perhaps flash my bare ass while they drift away into nothingness. Conjure a mental vision of release that works for you and perhaps even makes you chuckle and replay it in your head while breathing deeply until you find peace and no longer feel burning anger.
  • Count Your Blessings. Make a list of everything that you’re grateful for – your health, your family, your friends, your home, your pet, your job…you get the idea! This list is different for all of us, but you’ll be shocked by how much longer your list of blessings is than the list of setbacks related to COVID-19.

Owning our sadness, releasing our anger, and focusing on the good things happening in our lives are the keys to moving forward during this sucky time. Eventually life will return to “normal” – it always does, and I’m guessing that we’ll look back on these moments somewhat nostalgically thinking “it was the best of times and it was the worst of times” but we made it through and we started over.

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I Can’t Breathe: How Systemic Racism Motivated my Journey to Financial Freedom

The last couple of months have been brutal. I’m usually an almost annoyingly positive and optimistic person, but the events of the past few months have made it difficult to get out of bed and smile on many recent days. I am an American. I am a black American. My heart breaks each time I see another video of an unarmed black person (or any person) murdered. The recent killings of Ahmad Arbery, Breonna Taylor, George Floyd, Rayshard Brooks, and others added to a global pandemic and an unexpected work furlough have all combined to leave me breathless with melancholy. I have felt powerless and a bit hopeless in the face of all of the things that are going wrong in the world lately.

I’ve witnessed racist and sexist previous employers post platitutes about equality and Juneteenth, but have been hesitant to call them out publically on their hypocrisy (you are giving Juneteenth as a company holiday but don’t have ANY black employees and actively mistreated the ones that you did have? Niiiice) for fear of losing out on other professional opportunities or burning bridges…but then I remembered – I’m financially FREE. I can speak out now about the injustices that I see without as much fear of reprisal because I don’t NEED my W2 income to survive and pay my bills. This is why financial freedom is so important in the struggle for equality and liberation of black people. For years, in order to succeed, we’ve had to quietly accept mistreatment, hypocrisy, and even violence in order to survive…but those days are past. I’m going to speak my truth and be honest about how much my community is hurting right now. For the first time in my life, I can AFFORD to be honest. That is freedom.

“I wish I could say that racism and prejudice were only distant memories. We must dissent from the indifference. We must dissent from the apathy. We must dissent from the fear, the hatred, and the mistrust…We must dissent because America can do better, because America has no choice but to do better.”

Thurgood Marshall

One thing that I feel compelled to do is share the impact of racism on me personally. I’ve had several “well-meaning” conservative colleagues and former classmates (often devout Christians) suggest that systemic racision is a myth and that black Americans should focus on keeping fathers in the home, black on black crime, education, and crime reduction. I don’t know how to make people who aren’t impacted by experiences like mine understand that they are real. I don’t know how any sentient, intelligent being can live in this country and not realize the pervasive, destructive, and systemic existence of racism.

I have a father and a mother, I went to college, I’ve never been to prison or committed a crime – but as a black woman I’ve experienced racism on an almost daily basis. My two parent family structure, my ivy league education, my “articulate” speech, my hard work, my neat mode of dress – NONE of this has protected me from racism because it is baked into almost every interaction I have. It has nothing to do with anything that I can control…I’ve had to accept that in order to exist peacefully in this land that I love and call home.

I could share countless examples: being unable to get a loan with an 800+ credit score and six figure income, being rejected from apartments once the landlord meets me in person (despite having approved me on paper), being followed in stores, being accused of stealing in a store, being accused of cheating at school, being called names, phyiscally assaulted, verbally abused, left out, disregarded, low-balled on salary, pulled over for no reason, refused a hotel room that I’d reserved in advance, given average performance reviews despite data showing an above-average job performance. I could go on and on and on…but that isn’t productive and likely won’t do anything to change the minds and hearts of those who deny these experiences happen in America.

Having two parents doesn’t exempt me from racism, nor does being educated, pretty (I’d like to think), or polite – that is why we say it is systemic. I read once that “systemic racism doesn’t mean that everyone is racist, it means that the system operates in a racist manner that impacts us all.” Don’t try to shift the focus to broken families and crime without first fixing the broken, racist system that created those issues. I don’t know how to bridge the growing the divide between the people suffering and those denying that anything is wrong. All I can do is tell my story, speak my truth, and lead as many of you to freedom as possible.

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The Principles of Financial Freedom

I’ve been quietly financially free since 2015. Sometimes I tell people that it happened by accident…but if I’m honest, that’s not true. I’m free and I’m wealthy in my 30s due to a series of very specific life choices. In this blog, I’m doing my best to share the steps I took in case you might also be interested in getting free and want to follow a similar path.

Here are the basic steps to financial freedom:

  1. Save, save, save! Save as much as you can, whenever you can, however you can. Automate these savings so that they come out of your check automatically. Even if you don’t have anything in particular that you’re saving for, squirrel away as much as possible so that you’re ready when opportunity strikes. This dedication to saving allowed me to purchase a 2 bdrm apartment in Manhattan at age 24 when I was only making about $40k/year. That one decision became the catalyst for my path to freedom. Aim to save at least 20% of your income in order to gain freedom as quickly as possible. If I could do it making $35k living alone in Manhattan, you can do it too!
  2. Plan but adapt. Set goals for yourself, but always be ready to adapt and respond to the opportunities placed in front of you. I moved to NYC for college with plans to be a journalist…a few miserable internships and low paying job offers had me re-thinking that choice. Instead, I took any job I could get at a large media company and went to every networking event possible until I figured out a career path that used my talents/interests but also paid well. For me that was market research and that bit of flexibility shot me from $35k/year to well over $100k/year in salary within 5 years of graduation. Don’t be afraid to adjust your plans or scrap them altogether when a better opportunity presents itself – that is God/fate/the universe giving you a turbo boost if you’re brave enough to take advantage.
  3. Trust your gut and take risks. Most of my most profitable decisions have been calculated risks – buying my first property at 24, switching career paths, moving from one city to another multiple times, even marrying my husband. I wasn’t 100% sure about any of these choices, but something in my soul was urging me in these directions and I pushed past the fear and went for it. If you do your prep work (get an education, work hard, save, etc) and push past the fear when opportunities pop up, you’ll be greatly rewarded by the universe.
  4. Invest (in things you understand). One advantage of starting my career at a huge company in the early 2000s was that it was still a time when companies did massive training. Weekly and sometimes daily there were seminars on 401ks, career management, personal development, etc. Sadly, companies don’t invest in their employees like this anymore, but the advantage it gave me is priceless in that it was drilled into my head the importance of investing in the company 401k and that plan was explained repeatedly and in great detail. Many of my friends didn’t have this sort of training and coaching in their first jobs, but the simply act of consistently putting at least 7% of my modest income starting at age 21 has allowed me to accumulate hundreds of thousands of dollars by my 30s with the help of compound interest (thanks Time Inc!) The other investment strategy that has helped me get free is real estate. I’ve always loved looking at property and have a knack for seeing value before others do…once I realized this innate gift (after selling my first Harlem purchase for 4 times what I bought it for), I’ve doubled down on it and purchased multiple rental units in up and coming areas. Passive rental income was my #1 path to financial freedom. Figure out what appreciating assets and investments you understand and then invest in them – I recommend buy and hold rental real estate and index funds.
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This is Not a Drill: Using the Principles of FIRE to Withstand Economic Catastrophe

2020 is a hot mess so far – everything I planned for in every worst case scenario on all of my nerdy personal finance and budget spreadsheets is happening. Even though I’ve always been a firm believer in preparing for the worst case scenario, I still never thought so much would/could ACTUALLY go wrong at the same time. This is NOT a drill.

This year is a prime example of why the principles of the FIRE (financial indepence, retire early) movement are so important. A sudden, devastating virus called COVID 19 has knocked the world on its ass. In the US, we’re looking at 20% unemployment, mandatory stay at home orders, and a travel industry at a total standstill. Before all of this happened, I spent many hours pondering what the next great financial crisis might be and debating it with friends and random people online. Many insisted they’d be ready for the next “crash” but when I did a line graph of the previous recessions (yes, I’m a nerd), I was struck by the revelation that each one was totally different and largely unpredictable. My gut told me another recession was looming, but I was uneasy because I knew it wouldn’t come as a neat repeat of a previous disaster.

Sure enough, enter March 2020 and I’m left with my mouth hanging open…

This is NOT a drill. The FIRE principles of living far below one’s means, saving aggressively, and investing for the long term are exactly the things that allow me to weather this sort of unexpected storm without breaking much of a sweat.

This is the 4th recession or major financial crisis I’ve experienced, but Covid-19 eclipses the Dot com bust, terroist attacks of September 11th, and the great recession for me as this is the first one where the worst case scenario actually hit me personally – a work furlough, tenants unable to pay rent, the sudden passing of my uncle. If this crazy situation has caught you off guard, too, please don’t beat yourself up; instead, use this to strengthen your resolve to be ready next time. Things will get better and then they’ll crash again in about 10 years…promise me that next time you’ll be ready. Next time you’ll be free.

COVID-19 has been the perfect, terrible reminder that there is no safety at someone else’s table…I never had a seat and never will, but I don’t care, because I have my own table and it is ladden with value – value I created, defined, and stacked carefully in case of emergency. My goal now is to help you and others do the same.

As the world crumbles around me, I sit quietly with my mouth hanging open – shaken but still FREE. This is NOT a drill.

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Save Like a Squirrel

This will surprise a lot of people, but I would say one of the top reasons I’m financially free and a millionaire in my 30s – as a black woman in America without an inheritance or special perks – is simple: I’m a saver. Saving is one of the first and most important steps towards the north star of financial freedom.

I’ve always been a saver and I’ve always liked to stack my coins. The family joke is that my brother who is 10 years older than me first borrowed money from me when I was 6 and he was 16. That really happened. My own family has illustrated to me that saving doesn’t come naturally to everyone, but the fact that it came naturally to me has been a blessing and the good news for you is that it absolutely a skill that can be learned!

How to save your way to financial freedom:

Run your numbers: create a basic tally of your budget. What is your income each month? What are your FIXED (food, housing, transportation, phone) expenses that you need to live? What are your variable expenses: fun/going out, cable, clothing, etc? Subtract your monthly fixed expenses from your monthly take home income – how much extra is there? Run that same calculation with your variable or optional expenses – how much extra is there? From here, calculate the percentage you can save (ex. $1,000 income – $500 expenses = $500 extra, $500/1,000 = .5 or 50%). If that % is less than 15% of your take home pay, I’d recommend seeing what you can cut to get to at least a 15% savings rate per month. Trust me, you CAN do this and you have to do this if you want to be free. I managed to save $25,000 in two years while making $35,000/year living in Manhattan. If I can do that, you can save 15% of whatever you earn.

Automate your savings. This step is crucial. Once you figure out how much you can save, set it up with your bank so that shortly after your paycheck is deposited into your checking account, a set amount (at least 15%) goes immediately to your savings, every single check. Once you automate, the money starts to pile up quickly. Make a promise to yourself not to touch those savings unless it is an absolute emergency and if you do take something out, you have to replace what you borrowed from yourself within 3 months.

Set a goal. Your goal could be to save 6 months of living expenses for an emergency fund, a down payment for a house, or perhaps enough money to buy a car in cash. Whatever motivates you to keep saving like a squirrel.

Optimize. Find the highest interest rate account that you can OR one that generates points. In my case, I started my savings with a basic Citibank savings account because I found it easiest to do my automatic transfers and track my progress within the same banking interface. Citibank also had a good rewards program at that time that allowed my to double and triple my monthly rewards by having multiple active accounts, so I ended up making up in points (that then translated to airline tickets and rental cars on my travel adventures) what I was giving up in interest. Find the account that works for you and then stick with it.

The reason saving is so important is that it positions you to be ready for opportunities when they strike. I wasn’t planning to buy an apartment in NYC at 24, but I saw an amazing deal and just happened to have squirreled away $25k, the exact amount needed for the down payment. That apartment went on to cashflow an income after expenses of over $12k/year and then made me a profit of hundreds of thousands of dollars when I eventually sold it years later – all because I had saved like a squirrel. Saving is a habit that will set you up well for wealth generating opportunities.

Happy saving!

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The New North Star: Free Yourself from the Corporate Plantation

The Path to Financial Freedom

“Rather than begging for a seat at someone else’s table – build your own.”

I’ve been quietly financially free since 2015. Sometimes I tell people that it happened by accident…but if I’m honest, that’s not true. I’m free and I’m rich in my 30s due to a series of very specific life choices. In this blog, I’m going to do my best to share the steps I took in case you might also be interested in getting free and want to follow a similar path. Here are the steps to financial freedom:

  1. Save, save, save! Save as much as you can, whenever you can, however you can. Automate these savings so that they come out of your check automatically. Even if you don’t have anything in particular that you’re saving for, squirrel away as much as possible so that you’re ready when opportunity strikes. This dedication to saving allowed me to purchase a 2 bdrm apartment in Manhattan at age 24/25 when I was only making about $40k/year. That one decision became the catalyst for my path to freedom. Aim to save at least 20% of your income in order to gain freedom as quickly as possible. If I could do it making $35k living alone in Manhattan, you can do it too!
  2. Plan but adapt. Set goals for yourself, but always be ready to adapt and respond to the opportunities placed in front of you. I moved to NYC for college with plans to be a journalist…a few miserable internships and low paying job offers had me re-thinking that choice. Instead, I took any job I could get at a large media company and went to every networking event possible until I figured out a career path that used my talents/interests but also paid well. For me that was market research and that bit of flexibility shot me from $35k/year to well over $100k/year in salary within 5 years of graduation. Don’t be afraid to adjust your plans or scrap them altogether when a better opportunity presents itself – that is God/fate/the universe giving you a turbo boost if you’re brave enough to take advantage.
  3. Trust your gut and take risks. Most of my most profitable decisions have been calculated risks – buying my first property at 24/25, switching career paths, moving from one city to another multiple times, even marrying my husband. I wasn’t 100% sure about any of these choices, but something in my soul was urging me in these directions and I pushed past the fear and went for it. If you do your prep work (get an education, work hard, save, etc) and push past the fear when opportunities pop up, you’ll be greatly rewarded by the universe.
  4. Invest (in things you understand). One advantage of starting my career at a huge company in the early 2000s was that it was still a time when companies did massive training. Weekly and sometimes daily there were seminars on 401ks, career management, personal development, etc. Sadly, companies don’t invest in their employees like this anymore, but the advantage it gave me is priceless in that it was drilled into my head the importance of investing in the company 401k and that plan was explained repeatedly and in great detail. Many of my friends didn’t have this sort of training and coaching in their first jobs, but the simply act of consistently putting at least 7% of my modest income starting at age 21 has allowed me to accumulate hundreds of thousands of dollars by my 30s with the help of compound interest (thanks Time Inc!) The other investment strategy that has helped me get free is real estate. I’ve always loved looking at property and have a knack for seeing value before others do…once I realized this innate gift (after selling my first Harlem purchase for 4 times what I bought it for), I’ve doubled down on it and purchased multiple rental units in up and coming areas. Passive rental income was my #1 path to financial freedom. Figure out what appreciating assets and investments you understand and then invest in them – I recommend buy and hold rental real estate and index funds.

What is the lesson?

Just when I was finally getting my bearings in my new job, new relationship status, and accepting the new flow of things in the COVID era, I was unexpectedly knocked to my knees again last week.

It started off innocently enough with my work laptop not coming on when I pressed the start button I didn’t think anything of it and went to take my shower and my computer still hasn’t come on so I hit the button again and there is smoke rising from the motherboard the computer never turned on again it was the end of the quarter and the end of our fiscal year. For anyone who works in sales you understand that this is the busiest and most important part of the entire year and I was now without a computer.

I contacted IT and got the runaround because I’m a newer employee and didn’t know the secret shortcuts to getting things done quickly so I went three days without a working computer the most crucial time of my entire selling year in my new role and I was devastated needless to say I did not hit my number and once I finally got my new laptop I discovered that about 50% of my files notes and data has been lost for some reason the back up system hadn’t worked again I was devastated. What was interesting and disappointing about the situation was how devastated I was how devastated I was by something so benign. How could one small laptop reduce me to tears?

It felt like all the sorrow of 2020 that I thought I had left behind suddenly crawling back and trying to pull me down again into a pit of despair. Every day sense has been really tough because I feel like I’m starting all over again. I finally was really in a good groove at work and now I had to re-remember and note all of the tips and tricks and shortcuts again I hate redoing things so for me this was nothing short of shattering.

Once the quarter closed and the year was done I took a moment to reflect and I sat down with my partner and was really puzzled because I couldn’t figure out why this one small event of my computer dying cat felt so devastating and eventually I realized I needed to ask the question that I’ve asked in the past whenever and brought to my knees unexpectedly and repeatedly – what is the lesson?

At the lowest point in my life when I’m driven to my knees, desperate for answers and brought back to that simple question: what is the lesson? I’m convinced that the universe will send us the same test or situation over and over again until we learn the lesson.

And so today after a teary morning full of frustration, I turned off all of my devices stepped away from my new laptop and I asked the question: what is the lesson? I felt compelled to start playing my Christian Pandora station and a song came on immediately that answered my question essentially the lyric said I bring you to the deepest part of the ocean so that you remember to turn your eyes towards me and to trust me and to remember that I am guiding everything.  

I hadn’t listened to the station in months and I hadn’t really spent time contemplating God‘s plan for me and in prior prayerful reflection also in months and so perhaps the universe had to send me a little reminder knock me on my butt so to speak so that I would remember to look up and look in word and re-focus on what really matters and who really matters and also remember who’s in control of all of this less I get confused and that my friends is the lesson and I think now I can move forward joyfully again.

From a FIRE (financial independence retire early) perspective I think the lesson is as much as we plan and squirrel away and save and do all of the right things we have to remember that there is a plan bigger than us and there is a power greater than us and at the core we have to respect that power and honor it and remember that much of this is out of our control and one must be centered on the inside in order to continue to prosper on the outside.

Why I Choose to Work Even Though I Could Retire

The question I’ve been asked a lot lately since I’m financially independent (meaning my passive income exeeds my expenses) is: why are you CHOOSING to work? It’s not easy to explain to those questing to quit, why someone with the option to never work again would conciously choose to work.

So, I’m going to attempt to explain it. First, I have to share that I did retire, or as I prefer to say – FREEtire in 2015. I left a job that I hated that had totally depleted me mentally and spiritually. Through a series of smart investments and frugal decisions, I had enough income from rental properties that I no longer needed to work, so when that horrible, horrible job ended I sort of just collapsed and decided to stop working. I didn’t look for work – instead I meditated, prayed, worked out, volunteered, and spent a ton of quality time with family and friends. About six months into this life of leisure, I started to feel restless and without purpose. I came to the conclusion that I was too young to tap out of a W2 salary. Also, I wanted to expand my investments and no banks would lend me any money without a “job”.

Around that same time, I started getting really interesting job offers out of the blue. I was consulting and then I got an offer that I would never had considered before free-tiring but it was perfect: highly paid, remote, challenging, and fun. I like making money and working isn’t much of a burden when you like your job.

So, the question arises again…now that you have 7 rental units, almost zero debt and a paid off house, plus a million dollar plus net worth. The great job is over (thanks COVID-19), but it wasn’t ever really needed, so why get ANOTHER job?

The short answer is I don’t know. I think some of it is American societal pressure to be productive, some of it is my own need for the validation that I can still comman a salary/get a job, some of it is that I am a real estate investor and realize that a W2 job makes borrowing easier, and some of it is the security of having health care paid for by someone else. I also like the ability to continue to stack even more cash and investments to get closer to fatFIRE – a more oppulent early retirement. Lastly, I’m still in my 30s and feel like it would be a waste to miss out on the prime earning years of my 30s and possibly 40s as long as I’m enjoying the work and can do it on my terms.

All that being said, I’m feeling less and less motivated to continue to work a W2 job…COVID knocked some of the wind out of my sales and I’m contemplating taking another replenishing siesta from work. We’ll see. I just started a new gig at an AMAZING company and I want to give it a chance. We’ll see.

The world is pretty much shut down indefinitely anyways, so it seems prudent to make some money while joyfully sequestered at home with my loved ones. During the lovely moments of downtime that remote work allows, however, I will be thinking long and hard about what truly creates meaning and purpose in my life and making joyful moves towards increasing THAT each and every day. In the meantime, I’m gonna keep getting those checks…

Racism: A Diary

Given all that has happened recently – murders of unarmed black citizens, protests, a global pandemic, and an economic recession, I felt compelled to document some of the most pivotal experience of racism that I can recall. Mainly because it helps ground me in the truth of my own experiences in the face of people repeatedly claiming that racism no longer exists in this country.

Note that this is not an exhaustive or complete list – these are simply the experiences that impacted me the most and come to mind at first thought…I’m leaving out the everyday slights of being followed through stores and treated like crap – those situations are so common that it would take me years to document every such occurence. Being from a good family, getting a good education, working hard, dressing professionally, even being “rich” – none of those things have shielded me from this long series of small, but hurtful experiences – that is what systemic racism is…we live in a system that makes it impossible for anyone to emerge unscathed by disparity.

Earliest memory of race/racism:

  • Pre-school, age 3 or 4 – we were asked to do self portraits.  I reached innocently for a brown crayon and my best friend (white) at child garden in Minneapolis freaked out and said “no!!!! Not brown.  Brown is UGLY!!!” And I looked at my arm and I looked at the crayon and said “but I AM brown.”  And we both blinked at each other in the surprise revelation that apparently my skin was ugly.  This began a life long series of experiences reinforcing my “otherness” “ugliness” and “less-than” status as a black girl.

Elementary school:

We moved from Minneapolis to Memphis and I got a rude awakening

  • I absorbed that the confederate flag was a symbol of hate and to fear/avoid those who displayed it.  I remember literally quaking with fear when a plumber was at our house and while playing in the street I noticed a confederate flag sticker was on his bumper.  I ran into the house and tried to discreetly warn my mother that we had a “bad man” in our midst.
  • None of our neighbors, except one, spoke to us for weeks.  My teenaged brother got pulled over almost daily driving from his summer job to our our new home.  Our progressive realtor had placed us in a segregated/white enclave and it sucked.  The area is now affluent and diverse and I often joke that my family helped integrate it.
  • The one neighbor who was kind – their mom taught me to swim and kinda ride a bike, the husband owned a landscaping business and his black workers weren’t allowed in his home.  I remember watching them sit outside for hours on blistering hot days while he took a cool break inside. My mom would have me bring them snacks and cool drinks. That was my first realization that even nice white people often still don’t want black people in their personal space.
  • I was invited to a friend’s house and her grandmother warned me not to steal anything as she drove us to their house.  That was my first realization that other people think of black people as thieves.  I was 8.
  • I went ice skating at a local mall with that same friend and a group of skin heads pushed me down and called me a nigger. I was 8.  That is my first memory of racial violence and the Nword.
  • I made the honor roll but my fourth grade teacher “forgot” to include me (The only black student in the grade) on the list of students to have their names called and stand on stage during assembly.  I was sooo sad bc I’d worked really hard to make that list and couldn’t wait to stand on the stage. My mother took it up with the principal, the grades were checked, and my name was added to the list afterwards but I never got to stand on the stage with my classmates.  That was my first memory of being excluded or treated unfairly by an authority figure.
  • My yankee accent got me teased constantly for “talking white”. That was my first realization that social, racial, and class cues were given by my manner of speech. I was in 3rd grade.
  • I was invited to the birthday party of a boy in my class named Mitch. It was at a skating rink.  A slow song came on and he asked me to skate and held my hand.  His mother had the DJ cut the music off, turn the lights on, and then gave him a stern talking to.  That was my first realization that interracial “crushes” were a problem for parents.  There were no black boys in my grade or the school, so that also was basically the end of my romantic experiences at school.  I was in 3rd grade.

We moved back to Minneapolis…

  • We lived in an urban, walkable area downtown – my dear friend’s father, who lived close, denied our request to walk to a nearby convenience store and told us that he couldn’t allow “a little white girl” to walk alone in that area. I asked him “so it is safe for me but not for her?”  He didn’t reply. That was the first time  I realized that my little brown body wasn’t deemed as vulnerable, precious, or worthy of protection as a little white girl’s body. I was 12.
  • I went skiing with my school and was on a black diamond hill – some jerks from the chair lift yelled down “look! A black nigger on the black diamond!” My friends and other white people on the chairlift jumped to my defense and a screaming match ensued – that day I learned the power of vocal allies.
  • Freshman year of high school – a group of senior boys decided to wear T-shirts with confederate flags that said “the south will rise again” I shook with fear every time I had to walk down a senior hallway.  These same boys threw oranges at my in the cafeteria once and a couple of them were on student council with me.  I petitioned the principal and wrote articles in the school paper until the confederate flag was banned on campus.  I learned then the power of speaking up.
  • Senior year Econ class.  A popular athlete shares that his grandmother said if any more black people move into his neighborhood, she is moving because black people lower property values.  Everyone nodded as if this was fact and I was devastated because my BEST (still my best friend today) friend was in the class and it crushed me that all, including the teacher, seemed to agree that people like me were bad for a neighborhood.  I was the only black student in the class.  I excused myself and went to the bathroom and wept uncontrollably.  That was when I learned the painful betrayal of white silence.  The silence of my friends that day hurt more than all of the other incidents combined.

College/NYC:

  • Columbia University – where to start?  I loved Columbia at first but that bubble quickly deflated.  In my time there I was accused unfairly of cheating in front of an entire class, almost given failing grades incorrectly TWICE because professors couldn’t tell me apart from another black student and accidentally switched our grades, and had professors refuse to call on me/de-value my contributions to class.  By my senior year I no longer raised my hand or attempted to participate and focused on large lecture classes where I’d be judged by the merit of my work, not my race/gender.  I got my first and only A+ On my transcript in a large lecture where the professor never heard my voice or knew my name.  I learned then that my best shot at fair judgement of my work were situations when it wasn’t associated with me but judged blindly. I graduated with a 3.6 but It took me years to regain my voice and confidence after my crushing Columbia experience. 
  • Denied my first apartment – after being approved on paper, we went to pick up the keys and the landlord realized my roommate and I were black.  He refused to rent to us. We had to split up and rent rooms separately because we, two Columbia University graduates couldn’t find anyone willing to rent to us.  That was when I realized that racial discrimination in housing happens in the north too.  I moved to Harlem.  I was 21.

Corporate America:

  • First job out of college – Time Inc.  First client event: boss offers to hail a cab for me in front of the whole team because “we all know cabs don’t stop for black people!” His statement was true but still hurt because it pointed out my “otherness” as the only black person on the team and my second class status in my adopted city.
  • Moved back to Minneapolis after grad school, a few blocks from the bldg where I grew up.  My patio was egged repeatedly and security was called on me every time I had guests on my patio.  My landlord decided not to renew my lease despite me paying early every month.  I moved 3 times in the 3 years I lived in Minneapolis.  I realized that I wasn’t welcome or wanted in most spaces within my “home” town.  I moved to Atlanta which is the only place I’ve lived that i don’t constantly feel like a second class citizen.  
  • First director level job, moved to Atlanta and the COO (named Jefferson after the president of the confederacy) asked me to bring him my resume because he didn’t initially believe I could have possibly qualified for the job.
  • At the same job, whenever being asked to participate in a new client pitch, cynically realizing over 3 years that I was only pulled in when there was a black client on the decision team.  Eye roll.
  • Same job that I loved overall, being told in a performance review that junior staff members found me intimidating and unapproachable.  I’m like 5ft tall so I’m still unclear how anything other than my skin color could intimidate anyone.
  • Transitioned to a sales role – LOVE it and was quickly a top performer on the team – 233% to quota in 2019.  CEO asks to accompany me to a client meeting in NYC.  My boss tells me that the CEO feels I don’t look like his idea of a salesman (yes, salesMAN) and don’t look “professional” but can’t give me anything concrete to change.  
  • Despite my stellar numbers and being the top performer on my team, I’m among the first furloughed in March 2020.  
  • No reason is given and I still have yet to hear from my team lead or VP about the situation. There are no longer any black employees on the account team at that company.

The New Underground Railroad: FIRE Resources to Help You to the Promised Land

Personal Finanance and FIRE Podcasts:

Afford Anything – Paula Pant is an amazing example of FIRE and one of the first people to introduce me (virtually) to this mindset

Bigger Pockets Money – a spinoff of Bigger Pockets that focuses on personal finance. The topics and guests are very high quality. Lots of inspiring, actionable content

Millionaires Unveiled – this is like having a seat at the table as they interview millionaires from all over the country but get very specific about how these individuals built their wealth. Great way to get ideas on where/how to invest and grow like the big girls and boys.

Journey to Launch – hosted by a black woman, Jamila Suffrant does a great job interviewing diverse guests and sharing actionable, motivating content

Trill MBA – advice and interviews on navigating corporate America as a person of color

Others that I enjoy and listen to weekly: Choose FI, Millennial Money, Paychecks & Balances

Books on Personal Finance and the FIRE Movement:

“The 4 Hour Work Week” changed everything for me – first time I really considered that I could live a life without working a 9 to 5 for the rest of my life. This book gives concrete examples of how to create passive income/side hustles to replace W2 income.

“Your Money or Your Life” by Vicki Robbin and Joe Dominguez – this is considered the foundation of the FIRE movement and outlines the principles and premises of financial independence.

“Rich Dad, Poor Dad” by Rober Kioysaki – great story with concrete examples on wealth vs middle class lifestyle and investment choices. Helped shift my thinking about where I should be spending my money.

“I Will Teach You to Be Rich” by Ramit Sethi – lots of tips and tricks on mindset, budgeting, managing debt, and other choices you’ll need ot make in your pursuit of wealth and freedom.

“A Simple Path to Wealth” by JL Collins – guidance on building great wealth with idiot-proof investing, particularly in low free index funds like VTSAX.

Blogs:

I consider myself a member of the FIRE (financial independence retire early) movement – so the blogs Afford Anything, Mr Money Moustache, Choose FI, Checks & Balances, Rich & Regular have been very influential in helping me along my path to freedom – especially Afford Anything by Paula Pant and Mr. Money Moustache. These were my first exposures to the FIRE movement and opened my eyes to entire community of people living and thinking like me.

Best Real Estate Investing Blog/Resource: Bigger Pockets – the site, blog, and podcast are amazing resources and I still check in here when I have a landlording question. You can pose question to a very solid forum of other owners and investors. They also host free webinars on an almost weekly basis.

Stop Fighting for a Seat at the Table: Build Your Own!

After years of being told that things would improve for me once I’d “paid my dues,” I’m now calling bull-sh*t on that lie. There is no light at the end of the worker bee tunnel, especially not for women and people of color. It’s almost like corporate America is a giant pyramid scheme, with those on top convincing the workers beneath them them to keep grinding by dangling better pay and treatment one ladder rung above their current position. They say: don’t mind that shit pouring down on your head – just keep pushing (and working, of course) and you’ll be a boss telling others what to do. Bullsh*t!

You need to face the hard truth – this is a game that you will never win. The paying of dues never ends. The company will use you until you have nothing left to give and then step over your dead or dying body. I say this because I’ve seen it. I saw both of my parents sacrifice 30+ years of their lives on the corporate plantations. They were excellent workers – smart, dedicated, professional. My mom was the type of worker who went back to her office job 2 weeks after giving birth to me because she didn’t want to disappoint her boss. My dad is the guy who worked on weekends and budget traveled on work trips to help the company’s bottom line. Both worked their way up to manager level and both were cut loose the minute they were no longer useful to their respective companies.

My mother did eventually start her own successful consulting business working the corporations that previously employed her, but while they did eek out a comfortable life for us, I saw first hand the strain of toiling for other people. Once you are a bit grey or slow – even as a consultant – you are replaced with someone younger, shinier, and often cheaper.

Despite their own professional betrayals and disappointments, my parents still urged my brother and I to go to college and get “good jobs” – the bigger the company the better. The bigger the name the better. I really tried. I got good grades, I took diligent notes, I interned, I arrived early and stayed late. None of it mattered. Every promotion brought with it a new set up disappointments and humiliations. Yes, my paycheck was larger and my title more prestigious, but it still SUCKED. I could write an entire book about the disrespect and unkindness I’ve endured throughout my career. I wish I could go back in time and give the younger me a hug and a pep talk during some of those horrible situations. I’m not able to time travel, but I can share what I’ve learned in hopes of leading others on a different path. A path of freedom.

Don’t worship corporate America, USE it. Once I realized that the game was rigged and that I’d never win it, I felt a weight lift off of my shoulders. I spent 15+ years clammoring for a coveted “seat at the table.” A table that was always full of people who saw little value in what I had to offer. I was just a number on a sheet of paper – a line item to be optimized. Sadly, this is probably true for you too if you’re working a W2, 9 to 5 sort of job.

On my last plantation before breaking free in 2015, I was hired to be a director at a billion-dollar global corporation. When hired I was told I’d be leading a functional corporate team of 3-4 in addition to running a product testing center with a staff of 7. Once I started and those sitting “at the table” realized that I had the skillset to perform all of the roles in the group; they disbanded the team promised. I was left as a team of one with a work load that I was recruited to perform with at least 4 people, but probably needed closer to 8. It was already a very lean organization.

On top of that, the female leader who recruited me (and who I greatly admired and aspired to become) was promoted to a different team, leaving me at the mercy of a new manager who most openly admitted was both sexist and racist. It was MISERABLE. I worked like a dog and was treated worse than a dog, but I was trapped. I’d moved to a new city, signed a one year empoyment contract that stipulated harsh financial penalties if I left before that one year was up, and I had rented a fancy $2,400/mos apartment with ocean views at the insistence of my then-husband as a condition of making the move. Ironcially he also had a job offer in this new city, but the move “blame” still was placed squarely on my petite shoulders.

This was one of the loneliest, saddest times of my life, but I’m infinitely grateful for it. I had to hit corporate rock bottom in order to realize that I was a slave. Once I understood that I was a captive, my eyes opened and I became obsessed with gaining my freedom. I set up a count down clock on my work laptop tracking the months, weeks, days, and hours until I could give my notice. In the meantime I prayed, I meditated, and I strategized.

Becuase I’d saved and lived frugally (other than the fancy apartment), I realized that I could quit the job, move into one of my rental units in Atlanta, and never have to work again…I’d just live off of rental income! I sat in mtgs with a calm facade while being verbally abused and mentally pictured my freedom clock. In my case, simply lowering my base housing expense from a fancy ocean-view $2,400/mos to $800/mos living in still very nice 3bd/2ba townhome was the simple change that freed me.

I promise you, once you stop begging for a seat at someone else’s table, you’re already on your path to freedom. And, ironically, once you stop playing the game and panting for validation, your value goes up. I presented my notice exactly 2 weeks before the end of my employment contract was set to expire along with an offer to continue working remotely at full salary. My boss was STUNNED. He honestly expected me to continue doing the work of 4+ people while being treated horribly indefinitely just b/c the job was prestigous and paid a lot of money! Ha! Find another slave, but this one is breaking free! The day I drove out of that parking lot for the last time, with a fully paid remote work agreement in hand was one of the best days of my life. I did a praise dance in my car, raising my hands and shouting thank-you! while I cried tears of joy. I’m sure people thought I was crazy, but the moment was too powerful to play cool – my soul shifted and I knew my life would never be the same.

Please wise up sooner than me and make financial and life choices NOW that will allow you to walk away from soul sucking situations later. Please be aware that there is no winning (for most of us) on the corporate plantation…If you are already on the plantation and deeply entrenched, your best bet is to use the company’s resources – your paycheck, benefits, and marketable skills – to build your own table.

Map out how to use the paychecks from that W2 job to buy your own wood (cash-flowing assets) and build your own table – that’s the quickest way to freedom. There are many paths to the promised land – investing in cash-flowing real estate, starting your own business, investing in the stock market, consulting, etc. Evaluate your talents and options and then choose one or several that work for you. Once you realize you’re a slave, you’re already miles ahead of 95% of your peers and can start planning your escape plan. The journey is scary but totally worth it – freedom is so so sweet. Go get you some!