What Black Is King Teaches You About Money

Beyonce. That's the sentence, FULL STOP. And in that simple yet powerful sentence you got all the context you needed. "Black Is King" was recently released on Disney+ and is life changing. Not because I am a hopelessly devoted member of the BeyHive (because I am), but because it is really just that good.

As the title would suggest  I am not simply here to tell you why Beyonce is better than sliced bread (because there is no denying that she is). After watching "Black Is King" twice... yes I am not that person, I was inspired to help you connect the dots on what "Black Is King" can teach you about money. So future rich friends (it's what I've decide to call ya'll, hope you like it) let's reach further into this shall we?

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What Black Is King Teaches You About Money

Turn One Opportunity Into Many

If you were unaware Beyonce voiced adult Nala in the most recent live action version of  "The Lion King". In doing so, she also released an album titled "The Gift" to go a long with the release of the film in 2019. The album wasn't a huge commercial success in comparison to her previous releases, but had amazing tracks that any true Beyonce fan would be bopping to endlessly. Half of that album fuels my daily workouts on a consistent basis.

However, she wasn't done there. Little did we know Beyonce took one opportunity with her role as Nala and spun it into two more endeavors leading greater financial opportunities.

So what does that teach us about money:

In the simplest connection I can hope to make for you, it shows us that yes it is important to grab financial opportunities when they present themselves. But it is equally as important to take those opportunities and see how they can create more opportunities for you to expand your network and thus increasing your net worth. Beyonce is no stranger to hard work, and if you're reading this something tells me you're no stranger to hard work as well.

Working hard doesn't always reap the rewards your time is worth. Find ways to make your financial efforts worth even more money than your 9-5 shift will offer.

Put In The Time To Learn

When you go on Disney+ you will see the title states "Black Is King" a film by Beyonce. She is credited as the director, producer, and writer of the film. As someone with 2 seasons of a web series under her belt,  I can tell you that the dynamic of that trifecta is no easy feat. Beyonce has stated that the film was in fact a labor of love, which is what I say any time something was way harder than I anticipated but I did it anyway.

There's no way that Beyonce would risk taking on such a challenge of being the director, producer, and writer if she did not do the research to make sure it would be done right. To take on such huge roles, means she has put in the time to learn the skills needed to perfect this new craft. And that my loves is the same thing you must do with money.

So what does that teach us about money:

As a first generation Haitian American, I learned to use money as a tool much too late in life. Money is a tool that you have to put in the time to learn how to use properly. We spend countless hours doing mind numbingly ridiculous things that are a complete waste of our time. And trust me I know, especially during this pandemic, sometimes we have to blow off steam in the name of self care. I'm with that 100%

However, I can't stress how important it is to learn how to budget properly, how to manage money, how to get rid of debts, how to navigate the stock market. These are all crucial skills that are unfortunately not often talked about, and certainly not taught in schools like they should be. This means it is unfortunately up to you to do the work. Don't fear the stock market because it seems scary, own that knowledge and make a grab at your opportunity to build real substantial generational wealth.

Do Not Follow The Crowd

This is advice that your mama and them probably told you a thousand times. But now it' coming from me, and it's definitely coming from Beyonce so it's time to listen up closely. Beyonce has been in the music industry for over 20 years, and a majority of us (especially if you're in the hive) can see exactly when she started taking over the reigns of her career and leading it into unexplored territory.

That's how we've been so lucky to experience films like "Black Is King" , cultural moments like Beychella, and visual albums like "Lemonade". All because Beyonce chose to lead the way, and not follow the crowds doing what is popular or seems to magically create temporary success.

Black is King will undoubtedly create a slew of content from talented creatives in the upcoming weeks. That is power. That is what happens when you give people something they haven't already seen for the 100th time. Believe it or not, the same thing applies when it comes to personal finance.

So what does that teach us about money:

Personal finance is just that: PERSONAL! Which means what works for you, may not work well for someone else. The same goes for what works amazingly for others, may be detrimental to your financial journey. Instead of blindly following the Forex route (no shade to Forex traders) or any other get rich quick money grabs that are promoted across the internet. Let's not even talk about the mess that is Kodak stock right now with everyone making a run to grab a piece.

When it comes to your personal finances it is vital that you speak with professionals (an accountant or financial advisor), do your own research (using books and the internet) and adapt guidelines to fit into your own personal finance routine. Do not blindly follow the crowds (especially not with your money) because personal finance is PERSONAL!

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Be Patient

If Beyonce has taught us nothing, it is that patience is a virtue. Most importantly everything and I do mean everything will be done on her time. Most importantly it will be done in silence.

So what does that teach us about money:

Strong effective powerful money moves are often made in silence, and achieved through great patience. I have been very adamant about this on Instagram throughout the length of the pandemic. When everyone was rushing to pull their money out of the stock market, or panicking about their 401Ks, I was quick to remind people (especially younger people) to let the economics sort itself out as it has done consistently in the past.

Of course it is crucial to pay attention and be aware of what is going on, but pulling your money out of potential opportunities to make capital gains, and build generational wealth is a DUB! Financial freedom isn't gained through playing scared or rushing. Be diligent but be patient. Yes high yield savings are a mess, yes the stock market is a mess, yes your 401K is going to go through some dips, but stay the course. It will be worth it when you are able to retire with a nice lump sum of money that has been working hard for you over the years.

It's A Family Affair

Lastly... Beyonce's entire squad is present and powerful in "Black Is King" Why? Because it takes a village and Beyonce has never shied away from that. She has always used her family and close friends as muses throughout her career. Some of her best musical and visual endeavors have been tied directly back to her family. I mean come on: "Lemonade". Need I say more?

Without the support of her family and friends there would be a massive void in what makes Beyonce who she is. The same goes for you and your money.

So what does that teach us about money:

In a recent podcast interview I did, I was asked what are some key important financial deal breakers for me. My response was simple:

"I keep like minded people around me when it comes to money. I teach my family and friends as much about money as they teach me. I date intentionally to align myself with a partner who views money in a similar light as me"

Why is that important? You don't want to have a set of goals being destroyed by those closest to you. Building financial freedom and generational wealth is a family affair. Everyone doesn't have to agree with every single ideology you have about money.

It is important to remember that even if you're not on the same page, you should absolutely be in the same book. Your core money principles should match with those closest to you, those surrounding you, because that can make or break you own progress in the long run.

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Until next time,