Browsing category

Money

Celebrity News, Money,

What Jennifer Lawrence and Bradley Cooper Salary Agreement Mean For Entrepreneurs Everywhere

In case you missed the entertainment news this week, Bradley Cooper became the off-screen hero to millions (if not billions) of women when he pledged to share his future movie salary negotiation details with his female co-stars so they could negotiate better deals. His willingness to be a foot solider for pay equality is the clearest outward act of feminism I think I have seen a male Hollywood star make… ever. People are choosing sides in this debate, with some high-profile male actors, like the forever dead to me Jeremy Renner saying it’s not their “job” to help female co-star negotiate better and others commending Cooper for standing up to help.

All this celebrity salary hullabaloo stems from the November 2014 Sony email hack which revealed that Cooper and other male co-star of American Hustle earned more than female leads Jennifer Lawrence and Amy Adams. Since Lawrence was the biggest (higher grossing) star at the time, uh Hunger Games anyone, it was hard to for Sony to argue that she wasn’t getting the short end of the stick.

Fast-forward to this month, when Lawrence penned the essay, “Why Do I Get Paid Less Than My Male Co-stars,” and it became clear that the gender wage-gap debate was no longer going to be the solo battle of average women professionals anymore. And, that’s a good thing. The outcome of un-equal wages is not just evident in the fact that women make 70% of what men do for equal work, but also in the fact that they are also less likely to get equally funded for their start-ups (if they get funded at all).

There are a lot of female entrepreneurs out there with great business plans and working models struggling to get the necessary funding because of this issue. That means the best companies and products aren’t being brought to market and that affects us all. The wage-gap issue is not just women’s issue, it’s a business competiveness issue.

Bravo to Lawrence for refusing to allow herself to be paid unequally and for Cooper for standing with her and realizing that a rising tide lifts all ships. Now we need to bring this wag-gap conversation into the startup world and ensure that women are receiving the same funding options and opportunities as men.

– à bientôt

Charell Star | Not Just A Girl In A Dress

Money,

Forget Prime, Amazon Will Now Pay You To Deliver Packages

Amazon, the king of shipping goods to you in two days or less is looking to speed that process up even further. The online company retail company, announced a new service that will pay drivers to deliver packages to shoppers in an hour or less. If you are looking to make some cash on the side, for like, starting your own company, this may be the part-time gig for you.

A twist on Uber and Lyft driver concept, Amazon Flex is open to drivers with their own car who have a smart phone and pass a background check. Approved drivers can select two-, four-, or eight-hour shifts and earn between $18-$25 an hour. Customers will still use the Amazon Prime Now service to order, but the orders will be delivered through the Amazon Flex drivers.

2015-10-06_12-58-16Amazon Flex launched in Seattle and will eventually expand to Manhattan, Chicago, Baltimore, Miami, Dallas, Austin, Indianapolis, Atlanta, and Portland.

Retailers have been tinkering for years with improving and monetizing the “last mile” delivery market. This could change the way you order everything from gifts, to groceries to clothing and office supplies. It could also revolutionize peer to peer shopping services.

Competitors will be watching closely to see if Amazon’s sharing economy model of part-time delivery drivers works and we’ll be watching as well.

– à bientôt

Charell Star | A Girl In A Dress

Be Inspired, Money,

Entrepreneur Tiffany Aliche’s Top Tips For Building A Successful Business

The_Budgetnista 9Jersey Girl, Tiffany Aliche A.K.A the Budgetnista, has built one of the top personal finance brands in the country from the ground up. As a nationally sought after public speaker and author of author of The One Week Budget and The Live Richer Challenge, Aliche has helped more than 12,000 women from around the global take the first steps to financial independence. Through her Live Richer Challenge Movement, she has built a community of thousands of loyal brand advocates that taking her brand to new heights.

I caught up the Bugetnista to learn her top tips for taking any brand from concept to national success. Check out the interview below:

So, I know you are originally from Newark? Have you lived anywhere else?

Yes. I grew up mainly in Westfield, New Jersey, which is like a suburb, Maybe like twenty, thirty minutes from Newark. I was born in Newark, but I was kind of raised all over New Jersey. But particularly in Westfield and then I moved here to Newark about five years ago.

Ok, so you’re like a total Jersey girl. And now you specialize in personal finance, specifically budgeting. What got you into financial education?

Well my father, was a CFO and an accountant. He has a Bachelors in Economics and his Masters in Finance. He taught my sisters and I. We would have these family meetings, and he would talk about the state of our family’s finances. And I felt that was totally normal because when you’re kids, you think everybody is doing the same things. It wasn’t until I went to college  – seeing many of my college friends struggling with their finances and having bill collectors call – that I realized what we did at home was totally different. Also, my mom is a master bargainer. So between the two of them, I just learned about finances every day.

And, so you took that information that you learned from your family and you have leveraged it to basically become this influencer in budgeting and financial planning. Tell me a little bit about what drove you to kind of share what you have with others?

After college I decided to become a teacher and each pay period, I would sit down and put a budget to the money that I gotten paid. The older teachers would like watch me and just like I was an odd case week after week and one day somebody asked me to them how I created my budget. So, I started teaching my co-workers, and then the parents started coming and then the maintenance men. Before I knew it, it was like Budget University. I really enjoyed it because ultimately I liked being a teacher, but I never thought of it actually like a job. After a while I started realizing this is more than a hobby, and I’m really good at teaching basic personal finance.

You’re all about setting goals and achieving them. You’ve written two books and been featured on a ton of news shows as an expert on budgeting and personal finance. What’s the long term goal for you instead of as the Budgetnista?

Budgetnista 7The long terms goal is to build a longstanding brand. When you think of the Budgetnista, I want you to think of a brand you trust to help guide you when you are deciding something’s value. I want you to go into a Target one day deciding between two (items); see my “B” on one of them and know that I have certified this brand. That’s what my “B” stands for – value.

And, I want to be able to continue to shift my peers, especially woman and especially women of color. I just did a Live Richer Challenge and nearly 17,000 women in fifteen southern countries signed up. In ten years, I want to have 100,000 women doing the challenge every single year. Having that many women participating and working together collectively on their financial goals can shift a entire communities forward.

That is so exciting. How are you working on expanding your business and scaling up?

Budgetnista 4When it comes to the Live Richer Challenge, I encourage women to share (what they learn). My goal is to help the women who work with me know that they are an ambassador. You’re not just learning for yourself; you are learning for your sisters, your nieces, your nephews and your children. That it is your job to teach them what I have taught you.

I also have a number of personal finance products and I speak all over. Right now I’m on a partnership tour with Prudential and speak around the country on how to live a richer life. That allows me to get in touch with other people and grow the message of the Budgetnista and my financial philosophy. I also use social media quite extensively to grow my message.

What has been a challenge that you have experienced in working in your business and expanding your business?

It’s probably been finding balance; figuring out how to balance aggressively growing my business and having time for family and friends. I don’t know honestly any successful women who does not struggle with that.

And then also there is also the challenge of me being a young black woman. When I started out, I asked every financial brand to help me teach women of color how to manage their money, and all I got was no.  They had no interest in helping women that looked like me. Now that we have massive movement, with thousands of women who are engaged, they want to jump on board. But it’s just so disheartening that people don’t look to provide serve women and especially women of color when it comes to finances. They don’t think they were interested. Aside from maybe like men and sports and kids and Disney; there is no other group that is more brand loyal than a women of color.

So with that in mind, what advice would you give to other entrepreneurs, especially entrepreneurs of color looking to start their own business?

184148_10150103070628908_1823664_nDo things outside of the status quo. If you want a TV show, get on YouTube. If you want to get on the radio, get a podcast. When I was first trying to do the financial challenge, and everyone said no, but I did it anyway. Seventeen thousand women later and fifty seven countries later; I’m on a national tour.

It’s even better if you do it yourself anyway. There is power to creating your brand yourself from the ground up. I’ve built a name for myself. So, if a partner pulls out last minute, or does something I don’t like, and I have to drop them and say keep your money, I can say that. Although it seems to be so difficult and disheartening to hear everyone tell me no in the beginning; I am grateful for it. Now, I know how to build a community, and how to serve them.