3 Things Love & Hip Hop Atlanta Taught Me About Finances

by Guest Poster

I hate to admit this, but I watched every episode of Love & Hip Hop Atlanta. Yup, every single one. It’s my guilty pleasure, my mental break from the hectic, pressure-filled real world, a place where I can… Man, you get the point. It’s crappy TV, but I enjoy it. Fine, I said it.

Before we begin, please check out my main blog and new real estate blog. ‘Preciate it :-)

Upon watching reruns of the show to catch something I missed while watching it during the time it aired, I noticed something, Love & Hip Hop: Atlanta is a treasure chest of financial wisdom. Who would have thought?

Love & Hip Hop Atlanta secretly provides financial nuggets that everyone should abide by. Who said reality TV wasn’t beneficial?

Below you will find the 3 financial lessons I learned from watching Love & Hip Hop Atlanta.

Joseline Nose SweatStevie J

Stevie J was the obvious star of the show (sorry Scrappy). I think Stevie J is a man who was dealt a bad hand and is simply misunderstood (straight face). You have to feel sorry for this guy. He’s surrounded by women who do nothing but take advantage of him. Poor Stevie.

However, despite being a womanizer and victim at the same darn time (is that possible?), he taught me something about investing. See, Stevie isn’t as selfish as everyone makes him out to be. Stevie J taught me about diversification. Not only did Stevie have Mimi (his main chick), he had Joseline (his side chick), and probably countless other women who didn’t make the show (his supporting cast).

How does this translate into financial advice? Well, I know you heard of the saying “Don’t keep all your eggs in one basket.” What Stevie was subconsciously telling the audience was that you should make sure your portfolio is diversified. He was telling us, through his love trio, that proper asset allocation is a must in your portfolio to reduce risk and maximize gains.

Wow! That Stevie J is a great guy! Thanks “Steebie!”

“Get this bread.”

Karlie Redd

Karlie Redd’s story on Love & Hip Hop Atlanta was a strange one. She started off being a gossiper and morphed into the starving artist role, willing to do anything and anyone for her shot at music success. One thing you can’t deny, Karlie is an attractive woman. However, she was ridiculed often during the show as being old or, at least, too old to try to get into the music scene.

Side Note: Why does it seem like hip-hop and R&B artists have this thing against age? Is there a such thing as being too old for a music genre?

With that said, that brings me to the 2nd financial jewel bestowed upon me by watching “Love & Hip Hop: Atlanta.”

When investing make sure you know your time horizon and make sure it’s not too short. We all know those people who are 50 years old and still haven’t started to save for retirement. The rumor mill says that Karlie is 46, and there’s nothing wrong with her being 46. She looks amazing, but by some invisible music standard, she might be a wee bit too old for the new R&B/POP scene these days.

Invest early and often! The earlier in your life you start investing, the greater chance you have of reaching those investment goals.


Mimi, aka one part of the Big 3, aka willing participant in Stevie J’s nonsense, taught me the 3rd and final lesson that I gleaned from watching Love & Hip Hop Atlanta. What confused me about Mimi was how she was always angry at what Stevie was doing, but never did anything to cure her anger.

Answer this question for me.

Would you stay with a guy who got another woman pregnant, and then admitted to getting another woman pregnant when you confronted him about it?

Would you stay with a guy who carried around the pregnancy test and then requested that you and the other woman attend therapy together to come to some common ground? Huh?

If you’re confused as to why Mimi decided to stay with Stevie after all that, then you understand why I think she was a willing participant.

That brings me to my point. Don’t let emotions guide your investment decisions. The only reason Mimi would stay with Stevie after all the wrong he did was nothing other than emotions.

Emotions also happen to be the #1 destroyers of investment returns. In the stock market you have to realize that stock market returns may deviate wildly over a short time frame. Focus on the big picture (your goals) when investing and don’t let fear and greed overtake you and your decision making.

In the End…

I’m not saying that you should now go out and start watching crappy reality TV, but if you do happen to watch them, just so you’re not losing brain cells watching garbage, try to dissect the show and find some financial nuggets. This will require a bit of thinking, which replaces the brain cells you’re losing by watching such crap.

Hmm, I wonder what I can learn from watching Here Comes Honey Boo Boo?

Leave a comment below with a TV show that you watch and a financial lesson you learned from watching the show.

Dominique Brown is a financial planner, landord, personal finance blogger and video blogger. He is the owner of YourFinancesSimplified.com where he talks about everything from being a new father to his worst financial mistakes. He is also the owner of InsiderRealEstateTips.com where he talks about real estate exclusively. The Huffington Post and H&R Block. You can find him either on Twitter, Facebook, YouTube or Instagram.

Photo credit: VH1.com

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{ 3 comments… read them below or add one }

Laura@ Financial Freedom Newsletter November 26, 2012 at 4:48 PM

This post made me crack up laughing! I like watching reality shows just to relax and get away from stress! You brought up some good points though! It’s funny that you bring up Honey Boo Boo. I was watching the show, and realized how awesome couponing is! This family is not rich, but will never go hungry due to the mother’s obsession with coupining and storing all the food she gets from it in her house. I need to use coupons more!
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Valencia January 19, 2013 at 8:04 PM

Budgetsaresexy.com brought me here. This post is hilarious yet on point! Your point about your time horizon really hits home. Thanks for sharing.


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