WEBVTT - Ep 233 - Do You Have a Minority Mindset? 0:00:00.200 --> 0:00:02.800 Hey, ba fam, we are five years into making this 0:00:02.880 --> 0:00:05.480 podcast that we love so much called Brown Ambition, and 0:00:05.519 --> 0:00:08.440 we could not do it without you. We've gone from 0:00:08.760 --> 0:00:11.960 me and Tiffany sneaking around my old office building trying 0:00:11.960 --> 0:00:14.960 to find places to record, and thanks to you, guys, 0:00:15.040 --> 0:00:19.040 we now have one hundred thousand downloads per month for 0:00:19.120 --> 0:00:22.200 this little show called Brown Ambition. We would love to 0:00:22.239 --> 0:00:25.320 ask y'all for a small favor as fans of the show. Tiffany, 0:00:25.360 --> 0:00:26.080 what are we looking for? 0:00:26.480 --> 0:00:28.200 Here's what we'd love from you, guys. 0:00:28.280 --> 0:00:31.800 We already have over a thousand reviews and a five 0:00:31.840 --> 0:00:34.760 star rating on iTunes, but you know it's better than 0:00:34.760 --> 0:00:38.400 one thousand reviews two thousand reviews. If you get head 0:00:38.400 --> 0:00:41.440 on over to iTunes, go to our Brown Ambition page, 0:00:41.880 --> 0:00:45.800 scroll on down to the bottom, subscribe and leave us 0:00:45.840 --> 0:00:47.479 a five star rating and review. 0:00:47.800 --> 0:00:51.760 So subscribe, rate review. Not too much to ask, right, easypas. 0:00:51.960 --> 0:00:53.960 We love you guys, and thank you so much for 0:00:54.040 --> 0:00:56.560 making Brown Ambition what it is. The last five years 0:00:56.560 --> 0:01:00.000 have been amazing and it's all things to you. 0:01:15.120 --> 0:01:19.080 Hey, hey, hey, I can't contain my excitement. Okay, hey Mandy, 0:01:19.080 --> 0:01:19.560 how you doing? 0:01:19.720 --> 0:01:21.680 Damn? I'm so good how are you, Tiffany. 0:01:22.200 --> 0:01:24.840 Oh my goodness, I honestly don't think I've ever been 0:01:24.840 --> 0:01:27.600 this excited before to tape our podcast. I mean, I'm 0:01:27.600 --> 0:01:30.520 always excited. Speaking of which sidebar, I went to a 0:01:30.760 --> 0:01:33.280 children's birthday party this weekend and want to be a 0:01:33.360 --> 0:01:36.479 pen hanging like that. No, and it's real quick because 0:01:36.480 --> 0:01:38.640 this is important. And I went to this children's birthday party. 0:01:38.640 --> 0:01:41.000 I walked in this lady said, I was. 0:01:41.000 --> 0:01:42.680 Just listening to Brandon bish and tell me Mandie. 0:01:42.680 --> 0:01:45.560 I said hi, And I was like, what at this 0:01:45.680 --> 0:01:47.320 nine year old birthday party? So I just had to 0:01:47.319 --> 0:01:48.760 tell you that that she said Hi. 0:01:49.320 --> 0:01:50.040 She was really nice. 0:01:50.120 --> 0:01:52.160 But it's just yeah, so we're everywhere just to tell 0:01:52.160 --> 0:01:56.120 you we're at children's birthday parties. So yes, I'm excited 0:01:56.120 --> 0:01:58.400 because we have a special guest today and I can't 0:01:58.400 --> 0:01:59.800 even focus on anything else. 0:02:00.400 --> 0:02:02.000 I did not know what a stand you were. 0:02:03.240 --> 0:02:05.960 What this is I'm trying to think, is to anybody 0:02:06.000 --> 0:02:08.520 in the finance world that I want to talk to more? 0:02:10.440 --> 0:02:14.480 Isn't h Actually he's definitely top three for me. I 0:02:14.520 --> 0:02:16.399 don't even know the other two. Like, I don't even 0:02:16.400 --> 0:02:18.160 know the other two. I'm just saying top three, because 0:02:18.160 --> 0:02:19.560 I don't want to see him crazy by saying my 0:02:19.639 --> 0:02:21.040 number one. 0:02:22.600 --> 0:02:25.679 Well, I'm so excited too, you guys should I let's 0:02:25.760 --> 0:02:28.960 let's get to it. Our guest today is the fabulous 0:02:29.120 --> 0:02:33.160 Just Breet Sing, the founder of the Minority Mindset, which 0:02:33.200 --> 0:02:37.040 has basically become like a financial education empire. If we can, yes, 0:02:37.080 --> 0:02:40.160 we can say that Sure started as a YouTube channel 0:02:40.200 --> 0:02:43.400 four or five years ago. Hmmm. Also celebrating our five 0:02:43.440 --> 0:02:45.560 year anniversary. So I feel like our journeys have been 0:02:45.600 --> 0:02:48.720 in tandem. But Jos brit started his YouTube channel in 0:02:48.760 --> 0:02:52.200 twenty fifteen. It has blown up. He's got hundreds of 0:02:52.240 --> 0:02:56.920 thousands of subscribers, he's got a massive Instagram following. But 0:02:57.000 --> 0:03:00.160 he also has really at the heart of Minority mind 0:03:00.160 --> 0:03:04.240 Set is financial education. So he has a very successful blog, 0:03:04.400 --> 0:03:06.680 a newsletter that I actually signed my husband up for, 0:03:06.800 --> 0:03:08.920 you know, like I was like, babe, listen to you know, 0:03:09.080 --> 0:03:10.960 get this newsletter, and I just like put an email in. 0:03:11.760 --> 0:03:14.720 Now he loves his newsletter. I feel like, next to 0:03:15.000 --> 0:03:19.280 Robin Hood Snacks and the Minority Mindset newsletter, I'm set 0:03:19.440 --> 0:03:21.840 for the day. Yeah, I got my you know, I 0:03:21.840 --> 0:03:25.320 got my financial news all covered. So just is here 0:03:25.400 --> 0:03:25.799 with us. 0:03:26.639 --> 0:03:30.000 My gosh, if the word geeked was in the dictionary, 0:03:30.000 --> 0:03:34.160 it'd be my face right now. Like you have no idea, 0:03:34.400 --> 0:03:40.960 like bother I loved, you have no idea? What another? Yes, 0:03:41.320 --> 0:03:42.640 I well, you know what it is I love about 0:03:42.680 --> 0:03:48.680 him is that one another brown financial educator who actually educates, 0:03:48.760 --> 0:03:52.320 Like he has this passion for teaching and you know, 0:03:52.560 --> 0:03:54.520 like the teacher me, I'm like a teacher snob. So 0:03:54.600 --> 0:03:56.920 I can tell when someone's a good teacher and actually cares. 0:03:57.240 --> 0:03:59.520 You could tell one that he really cares too. He's 0:03:59.560 --> 0:04:02.920 a really good teacher because he takes these concepts that 0:04:02.960 --> 0:04:06.400 can be really overwhelming and daunting and makes them easy 0:04:06.400 --> 0:04:07.120 to understand. 0:04:07.200 --> 0:04:10.400 And what I really love is that Josspree his. 0:04:10.440 --> 0:04:13.160 Information is different in that like I focus on like 0:04:13.360 --> 0:04:16.160 basic financial education like budgeting and saving and debt, and 0:04:16.760 --> 0:04:19.720 someone like Sandy's side hustles, and someone like Tila sucks. 0:04:20.120 --> 0:04:24.800 But Josh Breed really hones in on like economics. He's 0:04:24.839 --> 0:04:28.720 like an economics professor that is fun and engaging, and 0:04:28.760 --> 0:04:32.520 you get to learn about like money in this personal sense, 0:04:32.560 --> 0:04:34.480 but what does it mean out there in the world? 0:04:34.520 --> 0:04:36.159 And then how do you bring it back to you, 0:04:36.480 --> 0:04:39.359 like I've never I've never seen that before, you know, 0:04:39.520 --> 0:04:41.680 all the financial educators that I've seen in the way 0:04:41.720 --> 0:04:45.159 that someone can teach modern economics in the way that 0:04:45.200 --> 0:04:49.560 it's personal. So yeah, I just screaming. I'm going to 0:04:49.600 --> 0:04:51.320 calm down now, like when he's on, I'm not going 0:04:51.360 --> 0:04:51.880 to be normal. 0:04:51.960 --> 0:04:52.800 I'm going to be normal. 0:04:53.680 --> 0:04:56.800 Well, if you don't yet, go and follow Josh Breed's 0:04:56.800 --> 0:05:00.320 YouTube channel. It's the Minority Mindset and he we'll let 0:05:00.400 --> 0:05:03.160 him explain the meaning behind the minority mindset. May not 0:05:03.200 --> 0:05:05.680 be what you think, but it's one of my favorite 0:05:05.680 --> 0:05:08.360 things about his channel, you know, and really his point 0:05:08.400 --> 0:05:10.440 of view, which I'm really interested to talk about. And 0:05:10.800 --> 0:05:13.479 he and Tiffany have like everything in common, so I 0:05:13.480 --> 0:05:16.200 think we're like a little financial guru. Matchmaking is happening here, 0:05:18.080 --> 0:05:20.520 you know, not like that, Like no, like he's more 0:05:20.600 --> 0:05:20.920 like my friend. 0:05:21.200 --> 0:05:22.640 He's my financial brother or cousin. 0:05:22.839 --> 0:05:26.200 Yes, Josh Bred's going to talk about how he got 0:05:26.200 --> 0:05:30.360 his start in financial literacy education, and like anyone that 0:05:30.400 --> 0:05:33.080 we know in this business, it started with kind of 0:05:33.080 --> 0:05:35.440 a sad story, but he bounced back and now he 0:05:35.520 --> 0:05:38.000 is bringing his education to the masses and We're going 0:05:38.080 --> 0:05:40.440 to talk with him next on the show before we 0:05:40.520 --> 0:05:44.960 do that. What about us tivity? These days? 0:05:45.360 --> 0:05:46.000 I don't even know. 0:05:46.080 --> 0:05:49.840 I'm like, who cares now, I'm just doing What is 0:05:50.520 --> 0:05:51.280 what is going on? 0:05:51.640 --> 0:05:56.120 Honestly, I don't know. You know, I'm not gonna lie. 0:05:56.120 --> 0:05:57.920 I'm so distracted. I'm like, what's going with my life? 0:05:57.960 --> 0:05:58.479 I'm breathing? 0:05:58.600 --> 0:06:04.960 I ate the Yeah, I honestly, we're laboring on labor day? 0:06:05.000 --> 0:06:05.960 What's wrong with us? 0:06:06.279 --> 0:06:08.560 I know it's okay though, that's fine, it's for a 0:06:08.560 --> 0:06:09.880 good cause. But what about you? 0:06:09.920 --> 0:06:11.760 What's going I can't even think of anything new in 0:06:11.800 --> 0:06:14.240 my life right now other than this, So what about you? 0:06:14.400 --> 0:06:18.120 I usually rely on you for all the excitement. My parents, well, 0:06:18.120 --> 0:06:20.960 my mom and my stepdad were in town all week long, 0:06:21.120 --> 0:06:23.560 and I feel like I barely saw them because of course, 0:06:23.560 --> 0:06:25.719 I was taking advantage of all that free childcare to 0:06:26.000 --> 0:06:28.680 do as much work as I possibly could, and part 0:06:28.720 --> 0:06:31.200 of that week I spent working on the show. You guys, 0:06:31.279 --> 0:06:34.720 we are so close. The brun Ambition merch Store is 0:06:34.880 --> 0:06:37.440 like ninety nine point nine percent ready to go. In fact, 0:06:37.560 --> 0:06:40.320 maybe by this week's episode there will be a place 0:06:40.360 --> 0:06:43.279 where you can finally get your Brown Ambition t shirts, okay, 0:06:43.640 --> 0:06:45.960 and onesies. There may be a coffee mug. There may 0:06:45.960 --> 0:06:49.160 be a tote bag. We'll see. So I've been working 0:06:49.200 --> 0:06:53.520 on the virtual store, let's see. On top of booking 0:06:53.560 --> 0:06:56.320 today's esteemed guest just for saying, I also booked a 0:06:56.320 --> 0:06:59.559 couple other guys, Tiffany, he was not asking you, I did. 0:07:00.200 --> 0:07:02.360 This month is going to be major. So we have 0:07:02.640 --> 0:07:07.479 Lynette Californi Cox rejoining our lib right. She's like the 0:07:07.480 --> 0:07:10.040 og guest of Brown Ambition, and I figured there was 0:07:10.080 --> 0:07:12.760 no better way to celebrate our upcoming five year anniversary 0:07:12.760 --> 0:07:14.440 than having one of our faves back on the show. 0:07:15.040 --> 0:07:17.120 But Lynette is going to talk about all about how 0:07:17.120 --> 0:07:18.440 she and her husband Earl. I don't know if you 0:07:18.480 --> 0:07:21.880 follow them on Facebook, but every other week she's like, 0:07:22.160 --> 0:07:25.680 we just buy Oatman property. Yes, they make six of 0:07:25.960 --> 0:07:29.640 you know, our six property. 0:07:28.600 --> 0:07:29.960 Yeah. 0:07:30.120 --> 0:07:32.120 So I'm like, Lynette, you have got to and she 0:07:32.160 --> 0:07:34.800 hasn't really you know, been talking about their journey to 0:07:35.000 --> 0:07:38.520 real estate, you know, uh, entrepreneurship. So I'm really excited 0:07:38.520 --> 0:07:39.920 to have her, and we're going to focus all about 0:07:39.920 --> 0:07:42.400 because we do get these questions a lot from listeners. 0:07:42.400 --> 0:07:43.920 You know, what do you guys think about, you know, 0:07:44.000 --> 0:07:47.240 investing in real estate and having an income property and 0:07:47.240 --> 0:07:49.440 how that how that all works. But Lynette is really 0:07:49.480 --> 0:07:52.320 doing it, So I'm excited to have her on. I 0:07:52.320 --> 0:07:54.160 think she's going to be on in a couple of weeks. 0:07:54.320 --> 0:07:56.960 And then we also have doctor Emani. She's from a 0:07:57.000 --> 0:07:59.400 show called Married to Medicine, and she's going to be 0:07:59.440 --> 0:08:02.040 joining us to talk about mental health as you guys know, 0:08:02.320 --> 0:08:04.440 like we're all we're just I mean, Tiffany and I 0:08:04.440 --> 0:08:06.760 are pretty transparent about, you know, what we do to 0:08:06.800 --> 0:08:09.200 cope with life, and therapy has been a big part 0:08:09.200 --> 0:08:11.320 of my life and I know right now in this 0:08:11.480 --> 0:08:14.400 in these crazy times, mental health is so important and 0:08:14.480 --> 0:08:17.520 doctor Mooney is a black woman in mental health really 0:08:17.600 --> 0:08:19.720 helping to remove the stigma, and we're gonna have her 0:08:19.760 --> 0:08:22.040 on to talk about how we can all cope with 0:08:22.160 --> 0:08:24.720 the insanity of today's world a little bit better. So 0:08:24.800 --> 0:08:26.760 look out for an interview with doctor Amani coming up 0:08:26.960 --> 0:08:28.080 in September as well. 0:08:28.880 --> 0:08:31.200 Yeah, we're busy beavers. 0:08:30.880 --> 0:08:34.080 Busy beavers. I know, how do you feel about five years? 0:08:34.760 --> 0:08:38.120 Jessfree just messes me, he said, Hey, Tiffany, it's just free. 0:08:39.480 --> 0:08:41.719 Okay, I'm done. You distracted. I can't even talk to 0:08:41.760 --> 0:08:42.280 you right now. 0:08:42.559 --> 0:08:45.319 All right, I'm gonna I'm gonna screenshot it so I. 0:08:45.240 --> 0:08:48.520 Can't rid be cool. Dang now I'm gonna have to 0:08:48.520 --> 0:08:50.080 play it cool. 0:08:50.280 --> 0:08:52.040 You will, girl, it's alway gonna be I'm not playing 0:08:52.040 --> 0:08:53.280 it cool. I'm gonna fan out. 0:08:53.320 --> 0:08:57.720 Okay, No, but yes, are we doing a biogram? Or 0:08:58.000 --> 0:08:59.120 that was basically we're gonna die? 0:08:59.240 --> 0:09:01.720 That was basically the did I not do no? 0:09:01.760 --> 0:09:02.640 No, you did get a job. 0:09:02.679 --> 0:09:03.040 I'm sorry. 0:09:03.080 --> 0:09:04.560 I'm just flustered. 0:09:04.880 --> 0:09:06.880 And for those of you who are like, oh my god, 0:09:06.960 --> 0:09:09.720 no there is I mean, just you know, I guess 0:09:09.720 --> 0:09:11.480 he's a good looking guy, and ain't about that. It's 0:09:11.600 --> 0:09:14.280 just to find somebody who's like a kindred spirit in 0:09:14.280 --> 0:09:18.000 financial education is not an easy thing. So yeah, that's 0:09:18.000 --> 0:09:19.520 what I'm just so geeked aback because it's like this 0:09:19.559 --> 0:09:22.199 is somebody who I really listen to and think, like, wow, 0:09:22.320 --> 0:09:25.679 I've learned so much because I'm to me, a good 0:09:25.760 --> 0:09:28.880 teacher is a better learner, a better student, and so 0:09:29.160 --> 0:09:31.200 like you know, through him, I've been able to just 0:09:31.320 --> 0:09:32.360 learn so much. 0:09:32.400 --> 0:09:34.400 So it just feels like, oh, my god, my teacher's here, 0:09:34.480 --> 0:09:36.120 so I'm excited. 0:09:36.120 --> 0:09:38.400 Okay, well let's get to it. Let's take a quick break. 0:09:38.640 --> 0:09:40.760 Tiffany needs to get a glass of water, maybe like 0:09:40.800 --> 0:09:47.160 reapply her toyodorant, and I feel I can like feel 0:09:47.160 --> 0:09:54.120 this sweatingness. Fine, I'm alright, be right back, but I'll 0:09:54.120 --> 0:09:56.280 speak saying from the minority mindset. 0:10:28.080 --> 0:10:28.920 And we're back. 0:10:29.040 --> 0:10:32.280 So you guys heard my intro. Joss bried has not 0:10:32.320 --> 0:10:35.360 heard my intro yet, so he's not properly embarrassed as 0:10:35.360 --> 0:10:38.280 he will be later. I am so excited, I mean 0:10:38.280 --> 0:10:40.880 because they don't ever hear me. I mean, I'm excitable easily, 0:10:40.960 --> 0:10:43.600 but they don't hear me. Gush about another financial educator. 0:10:43.640 --> 0:10:48.280 But I'm super geeked because to find someone who is 0:10:48.440 --> 0:10:51.160 as excited about personal finance as I am. But also 0:10:51.160 --> 0:10:53.360 it's a really good educator. Just brit I used to 0:10:53.400 --> 0:10:55.960 be a school teacher for ten years before I started 0:10:55.960 --> 0:10:56.640 the Budgetista. 0:10:56.720 --> 0:10:58.040 Oh wow, that's amazing. 0:10:58.240 --> 0:10:59.559 And so just like. 0:10:59.640 --> 0:11:04.400 Listen to your your your YouTube channel literally every morning. 0:11:04.400 --> 0:11:05.840 It's like one of the ways I start my day. 0:11:06.040 --> 0:11:09.400 I've gotten that's like all my sisters listen, especially my 0:11:09.440 --> 0:11:10.040 sister Carol. 0:11:10.120 --> 0:11:12.160 So much so that my three year old niece Amelia 0:11:12.360 --> 0:11:12.880 is like, just. 0:11:12.960 --> 0:11:17.720 Free I get Oh my god, that's awesome. 0:11:18.480 --> 0:11:19.920 Yeah. So I'm just really excited. 0:11:20.000 --> 0:11:22.240 You are awesome and amazing and if you guys have 0:11:22.400 --> 0:11:26.920 not subscribed to his YouTube channel, we highly encourage it. 0:11:26.920 --> 0:11:30.680 Its minority mindset on YouTube. And yeah, let's get this 0:11:30.720 --> 0:11:31.480 party started. 0:11:31.600 --> 0:11:33.000 You are awesome, Thank you so much. 0:11:33.080 --> 0:11:35.360 Loved we're having on the show. I think Tip and 0:11:35.360 --> 0:11:37.440 I have both been kind of fanning out or standing 0:11:37.440 --> 0:11:39.120 out for you for a while and then we realize 0:11:39.120 --> 0:11:41.000 we both watch you, so we had to have you 0:11:41.040 --> 0:11:43.480 on Just Bree. I want for people who don't know 0:11:43.520 --> 0:11:45.560 about the minority mindset and what that means. Can you 0:11:45.600 --> 0:11:48.360 just quickly explain what you mean by the minority mindset 0:11:48.400 --> 0:11:50.800 and how it applies to your financial philosophy. 0:11:51.280 --> 0:11:54.079 Yeah, So, the minority mindset has nothing to do with 0:11:54.120 --> 0:11:56.160 the way you look, your ethnicity or your skin color. 0:11:56.559 --> 0:11:59.040 It's the mindset of thinking differently than the majority of 0:11:59.040 --> 0:12:01.480 people when it comes to you money. So I say, 0:12:01.520 --> 0:12:04.160 like the majority people have what I call like a 0:12:04.200 --> 0:12:08.000 consumer mindset spend spend spend. I try to teach and 0:12:08.000 --> 0:12:10.960 help people develop more of a minority investor mindset where 0:12:10.960 --> 0:12:13.120 it's more of, okay, how do I use my money 0:12:13.120 --> 0:12:16.160 as a tool to kind of help build my wealth 0:12:16.200 --> 0:12:17.920 and started making everybody around me rich. 0:12:19.000 --> 0:12:22.240 Now we love that. How did you get into teaching 0:12:22.400 --> 0:12:23.640 financial education? 0:12:24.120 --> 0:12:24.400 Like? How? 0:12:24.440 --> 0:12:27.880 Because I know you are an attorney by or by trade, 0:12:27.920 --> 0:12:30.040 and I love the fact that you're always like, you know, 0:12:30.120 --> 0:12:32.160 I'm an attorney, but I'm not your attorney. I'm like 0:12:32.440 --> 0:12:35.640 such an attorney thing to say, like don't suit me, 0:12:35.800 --> 0:12:39.760 so your grandma, But yeah, so how are you still 0:12:39.800 --> 0:12:41.160 an actively practicing attorney? 0:12:41.200 --> 0:12:42.560 But yeah, how did you make that transition? 0:12:43.440 --> 0:12:43.480 So? 0:12:44.080 --> 0:12:46.559 Uh no, I do not actively practice in that sense. 0:12:46.920 --> 0:12:48.640 It was kind of so. I grew up in a 0:12:48.720 --> 0:12:51.920 very traditional Indian household. When I was growing up, I 0:12:51.960 --> 0:12:54.080 was told that I need to become a doctor. That 0:12:54.160 --> 0:12:55.920 was kind of like the only thing that I was taught, 0:12:56.160 --> 0:12:59.040 Like from the day I was born. I was taught 0:12:59.120 --> 0:13:01.160 to study science and math so that way I can 0:13:01.200 --> 0:13:03.360 get into medical school. And when I say that my 0:13:03.400 --> 0:13:05.720 parents were strict about me getting into medical school, I 0:13:05.720 --> 0:13:08.000 mean they were very very very strict. Like when I 0:13:08.040 --> 0:13:10.680 was in eighth grade, my parents got me a tutor 0:13:10.960 --> 0:13:13.080 not to help me with my English class that I 0:13:13.120 --> 0:13:16.600 was struggling with. But to help me get into medical school, 0:13:16.600 --> 0:13:19.040 they got me an MCAT tutor, which is the thing 0:13:19.080 --> 0:13:21.160 that people take to get into medical school when they're 0:13:21.200 --> 0:13:25.720 finishing college. So my parents were very serious about me 0:13:25.920 --> 0:13:28.280 going into medicine. But I've always sort of had this 0:13:28.360 --> 0:13:31.680 like entrepreneurial mindset. When I was in high school, I 0:13:31.720 --> 0:13:34.199 started working at weddings. I used to play this Indian 0:13:34.240 --> 0:13:36.240 drum called the Old and I would play this at 0:13:36.280 --> 0:13:39.439 weddings and I got to know a lot of DJs. 0:13:39.800 --> 0:13:41.720 And then my junior and senior year in high school, 0:13:41.760 --> 0:13:44.800 I started actually hosting teen parties for kids in my 0:13:44.880 --> 0:13:48.240 high school and this was kind of my first real 0:13:48.320 --> 0:13:53.280 exposure to entrepreneurship. And I went to college thinking that 0:13:53.360 --> 0:13:56.560 everybody goes to college to study. Like I thought people 0:13:56.600 --> 0:13:58.760 would spend their Friday nights in the chemistry lab doing 0:13:59.120 --> 0:14:02.840 reactions and with things like this, and everybody was partying. 0:14:03.040 --> 0:14:05.720 Now I don't. I never drink. I was never really 0:14:05.720 --> 0:14:07.760 into partying. It was more just a business for me. 0:14:08.040 --> 0:14:10.480 But I needed something to do on Friday nights. So 0:14:10.800 --> 0:14:13.680 I took my high school kind of teen party business 0:14:13.720 --> 0:14:17.600 into college and I started this college party business. And 0:14:17.640 --> 0:14:20.160 that's when I really started developing this minority mindset because 0:14:20.160 --> 0:14:22.160 the majority of people were partying and blowing all their 0:14:22.200 --> 0:14:24.200 money at parties, and all of a sudden, now I 0:14:24.280 --> 0:14:27.160 was making pretty decent money in college without a degree, 0:14:27.240 --> 0:14:29.920 because I don't know that was possible. And that's when 0:14:29.920 --> 0:14:33.680 I started thinking, Wow, what happens when you think differently 0:14:33.680 --> 0:14:36.240 than the majority of people. So I never grew up 0:14:36.280 --> 0:14:38.800 learning about money. I never grew up learning about entrepreneurship, 0:14:38.800 --> 0:14:40.760 I never grew up learning about business. I actually had 0:14:40.760 --> 0:14:42.360 to do all of this kind of like in secret, 0:14:42.640 --> 0:14:44.240 because I don't want my parents to know that I 0:14:44.360 --> 0:14:47.000 was doing business, right. I needed them to think that 0:14:47.040 --> 0:14:50.240 I was going to become a doctor. And so now 0:14:50.240 --> 0:14:51.880 I was starting to make money, and I had money 0:14:51.880 --> 0:14:54.040 in the bank for the first time, and so I 0:14:54.040 --> 0:14:58.080 started reading books about investing, and that's when I started 0:14:58.120 --> 0:15:00.760 learning more about real estate investing and stock market investing. 0:15:01.520 --> 0:15:03.800 And that's when I started learning all this stuff about 0:15:03.800 --> 0:15:06.560 money that I had never been exposed to before. So 0:15:07.120 --> 0:15:10.160 it was like this kind of like almost like mind 0:15:10.200 --> 0:15:12.320 shock because I don't even know this world of like 0:15:13.080 --> 0:15:16.600 money management and investing in passive income even existed. 0:15:17.240 --> 0:15:19.640 So are we we're not outing you to your parents 0:15:19.720 --> 0:15:21.440 right now? Or do they do they know who you are? 0:15:21.560 --> 0:15:23.320 Just free? Do they know? Do they know about them? 0:15:23.320 --> 0:15:24.200 Manuwerey mindset? 0:15:24.320 --> 0:15:24.640 They know? 0:15:24.760 --> 0:15:24.800 No? 0:15:25.240 --> 0:15:28.120 Yeah, it was how do they feel about it? Now? 0:15:28.160 --> 0:15:28.680 They love it? 0:15:28.840 --> 0:15:30.920 You know now It's like at first it was a 0:15:30.920 --> 0:15:33.040 big shock. It took my mom years to really get 0:15:33.080 --> 0:15:35.000 over that idea that her son wasn't going to become 0:15:35.000 --> 0:15:37.760 a doctor. But now they're like, wow, okay, so I 0:15:37.800 --> 0:15:41.200 guess this. This did work. So it took some time, 0:15:41.280 --> 0:15:43.320 but you know, it was one of those things where 0:15:43.320 --> 0:15:45.080 you know, my parents were never exposed to it either. 0:15:45.200 --> 0:15:47.000 You know that like most of us, I don't think 0:15:47.000 --> 0:15:50.120 we're ever exposed to financial education, money management, and investing, 0:15:50.520 --> 0:15:52.640 so we don't know what that even means, or that 0:15:52.640 --> 0:15:54.440 it what that entails. 0:15:54.680 --> 0:15:56.680 Do you find that they come to you for advice? 0:15:56.760 --> 0:15:56.960 Now? 0:15:57.200 --> 0:15:58.760 Are you the family financial guru? 0:15:59.200 --> 0:16:00.440 Oh? Yeah, yeah. 0:16:01.040 --> 0:16:03.960 So I'm help with my dad because you know, all 0:16:04.000 --> 0:16:05.600 of a sudden, it's like what is retirement? 0:16:05.600 --> 0:16:07.440 How do you plan for retirement? What is investing? So 0:16:07.440 --> 0:16:09.080 I've been helping my dad with all of that, and 0:16:09.600 --> 0:16:09.920 you know. 0:16:10.000 --> 0:16:13.640 It's it's funny how things have kind of come full 0:16:13.680 --> 0:16:16.200 circle because in the beginning they're like, you know, don't 0:16:16.200 --> 0:16:17.960 worry about money. If you just get a good job, 0:16:18.000 --> 0:16:20.840 then nothing else matters. But now it's like, wait, no, 0:16:21.000 --> 0:16:23.120 it doesn't work like that. You have to understand your 0:16:23.120 --> 0:16:24.520 money if you want to be able to live a 0:16:24.520 --> 0:16:25.960 good life no matter what you do. 0:16:26.280 --> 0:16:28.880 No, and just I can totally relate my my parents 0:16:28.880 --> 0:16:30.720 were born and raised in Nigeria, and it was like 0:16:31.000 --> 0:16:34.000 you could be a doctor, a lawyer, a pharmacist. 0:16:34.040 --> 0:16:35.320 Everything else is a drug dealer. 0:16:35.600 --> 0:16:39.840 Yeah, so they were delighted when I became a school teacher, 0:16:40.680 --> 0:16:44.200 absolutely thrilled. They were just like, what you're dealing drugs now? 0:16:44.280 --> 0:16:46.560 So now they love the fact that I'm the budgetista. 0:16:46.600 --> 0:16:49.240 But it took many, many years and success for them 0:16:49.320 --> 0:16:50.120 to be okay with it. 0:16:50.440 --> 0:16:51.800 I get it, I get it. 0:16:51.960 --> 0:16:54.040 Yeah, It's just one of those things where you know, 0:16:55.080 --> 0:16:57.240 it's just it's not something we're used to. It's out 0:16:57.240 --> 0:16:59.880 of the ordinary, right, but it's so important, and I 0:17:00.280 --> 0:17:01.880 think a lot of people don't get that, Like, you 0:17:01.880 --> 0:17:04.520 can do whatever you want if you understand money. I mean, 0:17:05.040 --> 0:17:07.240 at that point, if you have the income and you 0:17:07.280 --> 0:17:09.879 have the resources to support it. Then you know you 0:17:09.880 --> 0:17:11.400 have nothing holding you. 0:17:11.359 --> 0:17:13.359 Back, all right, and you wish so much that you 0:17:13.400 --> 0:17:15.359 had known it when you were younger. What are some 0:17:15.440 --> 0:17:17.199 of the Well I kind of know the answer this 0:17:17.280 --> 0:17:19.720 question already, And in fact, the party re story that 0:17:19.760 --> 0:17:22.399 I love the most is similar to Tiffany's story and 0:17:22.400 --> 0:17:26.560 how she started, which Tiffany talked about for people again, 0:17:26.680 --> 0:17:28.680 of course, sort of your story and how you I 0:17:28.680 --> 0:17:31.439 don't know what you call a business scam? What happened 0:17:31.440 --> 0:17:31.960 to you earlier? 0:17:32.040 --> 0:17:36.520 Yeah, a scam? So a quote unquote air quotes. I 0:17:36.600 --> 0:17:38.120 know a friend of mine, but that's okay because he's 0:17:38.119 --> 0:17:38.880 in jail now. 0:17:38.800 --> 0:17:39.679 Hey, jail friend. 0:17:40.600 --> 0:17:42.520 Oh wow, So it. 0:17:42.400 --> 0:17:42.959 Was a scam. 0:17:43.160 --> 0:17:45.399 I was in my twenties, and that's back when you 0:17:45.560 --> 0:17:47.760 believe that when people look like they have money, they 0:17:47.760 --> 0:17:50.760 have money. Yeah, and so I wanted. I was a 0:17:50.800 --> 0:17:53.320 preschool teacher. I was really good at saving, really good 0:17:53.320 --> 0:17:57.000 at budgeting. I saved like half my income every year, 0:17:57.080 --> 0:17:59.280 and I bought a condo when I was twenty five. 0:17:59.720 --> 0:18:02.920 I was what I called financially perfect, right, so great 0:18:02.960 --> 0:18:06.560 credit score savings. But I honestly, my father was a 0:18:06.560 --> 0:18:09.040 CFO in, an accountant of a small nonprofit. So I 0:18:09.040 --> 0:18:11.480 grew up with financial education, so I was just doing 0:18:11.480 --> 0:18:13.560 what he told me to do. I was not I 0:18:13.560 --> 0:18:15.239 didn't have any real knowledge. I was just like, well, 0:18:15.240 --> 0:18:17.760 what do I do next? You know, like the dutiful, 0:18:17.840 --> 0:18:22.199 you know, immigrant second first generation daughter, right right. And 0:18:22.240 --> 0:18:24.240 then one day I said, I'm going to take it 0:18:24.280 --> 0:18:25.919 into my own hands, and I reached out to a 0:18:25.960 --> 0:18:29.199 friend who I thought was wealthy, and he subsequently scanned 0:18:29.200 --> 0:18:31.359 me and it left me thirty five thousand dollars in 0:18:31.440 --> 0:18:34.040 credit card debt, in which I never had yes credit 0:18:34.080 --> 0:18:36.200 card debt before. I didn't even tell my parents until 0:18:36.640 --> 0:18:38.440 literally years later into my thirties. 0:18:38.720 --> 0:18:39.080 Wow. 0:18:39.280 --> 0:18:40.160 I was so like. 0:18:41.080 --> 0:18:45.359 Afraid, you know, and ashamed honestly. So yeah, that was 0:18:45.400 --> 0:18:47.600 what triggered. So as I was digging my way out 0:18:48.119 --> 0:18:51.240 other friends, it happened right before and really right during 0:18:51.320 --> 0:18:53.320 the two thousand and eight two thousand and nine WE sessions. 0:18:53.320 --> 0:18:54.240 So it was like the worst luck. 0:18:54.280 --> 0:18:57.280 So I lost my job, I have to scam, now 0:18:57.320 --> 0:18:59.639 I'm going to foreclosure. It was everything that could go 0:18:59.680 --> 0:19:02.480 wrong went wrong. But as I was fixing myself, I 0:19:02.560 --> 0:19:05.400 realized that there were other people that were struggling too, 0:19:05.480 --> 0:19:08.240 so the teacher in me was like, well, Tiffany, you teach, 0:19:08.359 --> 0:19:10.359 why not just help your friends? And then they brought 0:19:10.359 --> 0:19:12.239 their friends and they brought their friends. So that was 0:19:12.280 --> 0:19:15.800 like the advent of the budgetista my business. And Mandy said, 0:19:15.880 --> 0:19:19.040 you experienced like a scam that kind of triggered your 0:19:19.400 --> 0:19:20.679 journey to financial education. 0:19:21.359 --> 0:19:23.240 Yeah, well, well, first off, that sucks. 0:19:23.320 --> 0:19:27.119 I you know, stories like that are always you know, 0:19:27.240 --> 0:19:30.040 it's great that you had that entrepreneurial mindset where it's 0:19:30.119 --> 0:19:31.719 just like, you know, what do I do about this? 0:19:31.800 --> 0:19:33.959 Instead of complaining about it, doing something about this, So 0:19:34.080 --> 0:19:36.960 props to you. That's that was amazing for me. It 0:19:37.000 --> 0:19:40.359 was actually very similar. I've always been that entrepreneur person 0:19:40.400 --> 0:19:43.280 too and kind of didn't really have much guidance, never 0:19:43.320 --> 0:19:46.000 really had someone to talk to about entrepreneurship or money 0:19:46.000 --> 0:19:48.679 management or investing. And I had this sock business that 0:19:48.720 --> 0:19:51.800 I started and I was getting ready to launch it, 0:19:52.560 --> 0:19:55.240 and this marketing company came up to me and they 0:19:55.240 --> 0:19:58.640 were like, hey, let us handle your marketing and we're 0:19:58.680 --> 0:20:00.680 going to get you all the sales, all the marketing, 0:20:01.080 --> 0:20:03.560 and we guarantee you're going to see all the success 0:20:03.560 --> 0:20:05.560 and if you don't, we will give you all your 0:20:05.560 --> 0:20:08.639 money back. So I was skeptical, naturally, but you know, 0:20:08.680 --> 0:20:11.600 this kind of money back guarantee was reassuring. So I 0:20:11.640 --> 0:20:13.439 was like, all right, you know what do I get 0:20:13.520 --> 0:20:16.359 to lose? So I handed these guys a lot of money. 0:20:16.440 --> 0:20:18.200 It wasn't thirty five thousand dollars, but it was a 0:20:18.240 --> 0:20:21.520 lot of money to me at the time. And the 0:20:21.600 --> 0:20:23.240 day after I sent them the money, I was in 0:20:23.320 --> 0:20:26.439 the gym and I remember this because I was I 0:20:26.480 --> 0:20:28.760 really like working out. I'm a big gym person, and 0:20:28.880 --> 0:20:30.639 so I started to kind of get this weird feeling 0:20:30.640 --> 0:20:32.480 in my stomach as I was doing the chest fly, 0:20:33.160 --> 0:20:34.960 and I was like, I don't know, something just doesn't 0:20:34.960 --> 0:20:36.680 feel right in me. So I called up the guy 0:20:36.720 --> 0:20:39.480 that I gave the money to, like twenty four hours later, 0:20:40.080 --> 0:20:42.040 and I was like, hey, man, I know that I 0:20:42.040 --> 0:20:44.280 said that you guys would do the marketing, but you know, 0:20:44.680 --> 0:20:46.960 let's just cancel it right now before you guys actually 0:20:47.000 --> 0:20:48.960 spend any money on advertising and marketing. 0:20:49.200 --> 0:20:50.240 I want to do a refund. 0:20:50.240 --> 0:20:51.879 I want to do it all myself, So let's just 0:20:51.960 --> 0:20:53.640 end it before you guys spend any money that way. 0:20:53.920 --> 0:20:55.919 You know, no hard feelings let's just kind of move on. 0:20:56.200 --> 0:20:57.920 So he was like, all right, no problem. He puts 0:20:57.920 --> 0:21:00.600 me on hold, and I was getting really ititated because 0:21:00.640 --> 0:21:03.320 you know, I'm it's just like delaying my workout. This 0:21:03.359 --> 0:21:05.640 has taken a lot longer than expected because I'm I'm 0:21:05.680 --> 0:21:09.080 on hold for like a long time now, and eventually 0:21:09.200 --> 0:21:13.840 the phone just goes beep beep, beep be So I 0:21:13.880 --> 0:21:15.879 was like, yeah, something's wrong. So I called up the 0:21:15.880 --> 0:21:19.280 other two numbers that I had. Nobody picks up, nobody 0:21:19.280 --> 0:21:21.920 emails me, no one responds to me. Everyone stops responding 0:21:21.960 --> 0:21:24.520 to every single message that I have. So I contact 0:21:24.560 --> 0:21:27.600 an attorney and I found out I was scammed. So 0:21:28.040 --> 0:21:29.640 I was like, all right, what do I do now? 0:21:29.840 --> 0:21:31.840 You know, I launched the business. We had an amazing launch. 0:21:32.560 --> 0:21:34.879 We did, like I forgot. There was like twenty some 0:21:34.960 --> 0:21:36.919 thousand dollars in the first month of pre sales of 0:21:36.920 --> 0:21:39.840 our socc business. But I still had that feeling like, 0:21:39.920 --> 0:21:41.800 you know, that sucks, Like there's a lot of honest 0:21:41.880 --> 0:21:45.080 entrepreneurs out there trying to do something, trying to understand 0:21:45.160 --> 0:21:48.320 kind of how to take care of themselves, but don't 0:21:48.320 --> 0:21:52.239 necessarily know everything. So you're more susceptible to scams and 0:21:52.280 --> 0:21:53.439 getting screwed over like this. 0:21:54.359 --> 0:21:55.639 So I was like, you know, what can I do? 0:21:56.080 --> 0:21:59.199 So I went on you Demi, and I put out 0:21:59.240 --> 0:22:01.080 this course and how to launch of business without getting 0:22:01.119 --> 0:22:03.280 screwed over, and I called it the Minority Mindset because 0:22:03.359 --> 0:22:06.280 at that time, I was like, you know, entrepreneurship is 0:22:06.280 --> 0:22:08.280 all about the minority mindset, is thinking different than the 0:22:08.320 --> 0:22:12.280 majority people. And we had all this traction, We had 0:22:12.280 --> 0:22:13.920 all these students sign up for it and we're loving it. 0:22:13.960 --> 0:22:15.720 And they were like, hey, just breath. You should go 0:22:15.760 --> 0:22:17.879 on social media. And I was like, all right, and 0:22:17.880 --> 0:22:20.280 I don't know too much about digital marketing or anything 0:22:20.320 --> 0:22:22.840 at the time, So I created an Instagram page called 0:22:22.880 --> 0:22:26.040 Minority Mindset where I just started posting quotes and kind 0:22:26.080 --> 0:22:29.080 of just random tips about money management and starting a business. 0:22:29.680 --> 0:22:32.120 And then I had a lot of comments and messages 0:22:32.160 --> 0:22:34.119 from people saying, hey, you should start a blog or 0:22:34.160 --> 0:22:37.159 you should start a podcast, and I was like, I 0:22:37.160 --> 0:22:39.760 can't start a blog. English is my second language. I 0:22:39.800 --> 0:22:43.560 suck at writing, so no, that's not going to happen. Podcasting. 0:22:43.560 --> 0:22:45.879 I don't even know what a podcast was, So I 0:22:45.920 --> 0:22:48.200 was like, yeah, I can't do that. But I do 0:22:48.280 --> 0:22:50.200 like YouTube, and I see a lot of people on YouTube. 0:22:50.240 --> 0:22:52.399 I like watching YouTube. Maybe I can make YouTube videos. 0:22:52.400 --> 0:22:55.200 I know how to talk. So I started making videos 0:22:55.320 --> 0:22:57.960 under the title Minority Mindset, where I just talked about 0:22:57.960 --> 0:22:59.720 things that I wish I knew when I was younger. 0:23:00.000 --> 0:23:04.119 I talked about money management, talked about entrepreneurship. And slowly 0:23:04.680 --> 0:23:07.080 this started to grow, and you know, a year and 0:23:07.119 --> 0:23:09.720 a half or so, a couple of years later, we 0:23:10.240 --> 0:23:13.560 had grown to over one hundred thousand subscribers. And now 0:23:13.600 --> 0:23:15.879 all of a sudden, we were building a brand. And 0:23:15.880 --> 0:23:17.800 I don't even know that that's what I was doing. 0:23:17.840 --> 0:23:19.600 I was just this is something that I was doing 0:23:19.640 --> 0:23:21.920 as a hobby, just because I was so kind of hurt. 0:23:21.680 --> 0:23:25.400 By the scam, and now this is what I do. 0:23:26.680 --> 0:23:27.480 That's yeah. 0:23:27.520 --> 0:23:29.760 At the time, I mean, how were you what was 0:23:29.800 --> 0:23:32.280 your source of income then? And then when did you realize, Okay, 0:23:32.280 --> 0:23:34.840 I can really sustain myself with the minority mindset. 0:23:35.320 --> 0:23:38.040 So when I started a Minority Mindset when I was 0:23:38.080 --> 0:23:39.920 in law school. Actually, so I was in law school, 0:23:39.920 --> 0:23:41.280 I was doing the soccer business, and I was doing 0:23:41.280 --> 0:23:42.280 a lot of stuff in real estate. 0:23:42.359 --> 0:23:43.640 So I was a real estate investor. 0:23:44.200 --> 0:23:45.520 I used to do real estate whole stale, I think, 0:23:45.520 --> 0:23:47.560 and I was a real estate salesperson, so I was 0:23:47.640 --> 0:23:49.280 kind of doing a whole bunch of things at once. 0:23:50.280 --> 0:23:55.680 And the kind of fork I ran into was right 0:23:55.720 --> 0:23:57.520 around the one hundred thousand subscriber mark. 0:23:57.560 --> 0:23:59.600 With Minority Mindset, we weren't making a lot of money, 0:24:00.119 --> 0:24:01.000 but it was. 0:24:01.640 --> 0:24:03.920 It was kind of a weird situation because the sock 0:24:04.040 --> 0:24:07.040 business I had was making decent money. It was making 0:24:07.080 --> 0:24:09.400 a we were we were, you know, a solid business. 0:24:10.119 --> 0:24:13.119 But the problem was it was a special kind of 0:24:13.200 --> 0:24:16.200 athletic sock that I had created, but our patent was denied. 0:24:16.640 --> 0:24:18.399 So I had to kind of decide, Okay, do I 0:24:18.440 --> 0:24:20.679 want to go the route of building a sock brand 0:24:21.200 --> 0:24:23.880 where you know, I love starting a business, but I'm 0:24:23.880 --> 0:24:26.119 not so passionate about socks. I really wanted to license 0:24:26.119 --> 0:24:29.480 the technology, but that wasn't really going to work because 0:24:29.520 --> 0:24:32.240 we didn't get approved for this patent. But Minority Mindset 0:24:32.520 --> 0:24:35.120 I had a real passion for. Like I loved teaching, 0:24:35.160 --> 0:24:38.760 I love money management. I loved talking about entrepreneurship and 0:24:38.960 --> 0:24:41.240 financial education. This is like something I really really enjoy 0:24:41.320 --> 0:24:42.919 doing because this is something I wish I knew when 0:24:42.960 --> 0:24:45.040 I was growing up, but we weren't making that much money. 0:24:45.880 --> 0:24:48.440 So I decided to go all in with the minority 0:24:48.440 --> 0:24:50.840 mindset just because, you know, I was like, this is 0:24:50.840 --> 0:24:52.560 something that I would love to do for the rest 0:24:52.560 --> 0:24:54.320 of my life. I don't really know what I was 0:24:54.359 --> 0:24:56.399 going to do with it, but that's the direction that 0:24:56.440 --> 0:24:59.639 I went. So, you know, I had luckily, I had 0:24:59.680 --> 0:25:02.040 REALI investments. I was doing real estate and and the 0:25:02.080 --> 0:25:04.000 SoC business was making money at the time. So then 0:25:04.000 --> 0:25:06.080 I kind of transferred over to minority mindset, not knowing 0:25:06.119 --> 0:25:07.879 what was going to happen. But I was also in 0:25:07.960 --> 0:25:11.000 law school, so I had very little expenses when I 0:25:11.040 --> 0:25:14.159 was starting off, and then it grew from there and 0:25:14.240 --> 0:25:16.920 now we are. We kind of transformed into a financial 0:25:16.920 --> 0:25:19.880 media company where we do financial news and financial education 0:25:20.560 --> 0:25:22.639 and yeah, so that's how it kind of grew. 0:25:23.400 --> 0:25:25.560 I would so I can't get the socks, it's what you're. 0:25:25.400 --> 0:25:28.120 Saying, Yeah, we stopped selling the socks. 0:25:28.359 --> 0:25:31.080 Well, I'm curious as a business owner, I'm curious, like 0:25:31.160 --> 0:25:33.680 what are yours for the for the minority mindset, Like 0:25:33.720 --> 0:25:36.280 what are your streams of income? Like we're and then 0:25:36.880 --> 0:25:39.199 of the of your streams of income, what's bringing in 0:25:39.240 --> 0:25:39.639 the most. 0:25:39.800 --> 0:25:42.280 Yeah, we get real personal here. We shoulders and stuff 0:25:42.480 --> 0:25:42.919 I want to know. 0:25:43.119 --> 0:25:46.639 We have absolutely so, so most of our income, I 0:25:46.640 --> 0:25:49.800 would say eighty percent of our income comes from other 0:25:49.880 --> 0:25:54.960 brands and sponsors and advertisers. So what I mean by 0:25:54.960 --> 0:25:57.520 that is, so we have kind of a few different channels. 0:25:57.800 --> 0:26:00.000 We could say kind of two phases to our company. 0:26:00.119 --> 0:26:03.400 We have a financial news division and a financial education division. 0:26:03.880 --> 0:26:07.000 The news division is our daily financial news that are 0:26:07.520 --> 0:26:09.720 where we just kind of come over what's going on 0:26:09.760 --> 0:26:13.040 in the financial news. The education side is a mix 0:26:13.080 --> 0:26:16.240 of our website and then social media and YouTube. 0:26:17.000 --> 0:26:18.400 So eighty percent of our. 0:26:18.280 --> 0:26:23.280 Revenue comes from our brand partners and sponsors. So these 0:26:23.280 --> 0:26:24.360 are companies. 0:26:23.960 --> 0:26:24.560 That we work with. 0:26:24.600 --> 0:26:27.800 So we do a lot of education of how to 0:26:27.880 --> 0:26:31.840 use your money and also financial products. So we talk 0:26:31.880 --> 0:26:36.000 about things like mortgage refinancing, or we talk about stock brokerages, 0:26:36.080 --> 0:26:38.400 or we talk about life insurance, or we talk about 0:26:38.400 --> 0:26:42.200 credit cards. So we have partnerships with companies in all 0:26:42.240 --> 0:26:47.840 of these kind of services and that's how we drive 0:26:47.880 --> 0:26:50.359 revenue from there. And then on the education side, we 0:26:50.400 --> 0:26:53.320 do have a couple of courses that we sell as well. 0:26:53.320 --> 0:26:55.800 But though that's kind of like something that's in the 0:26:55.840 --> 0:26:58.639 back burner, not really the back burner, but that's like 0:26:58.680 --> 0:26:59.680 a smaller part of our business. 0:26:59.680 --> 0:27:01.280 That's twenty percent of our revenue. 0:27:01.840 --> 0:27:04.240 Okay, I feel like you and Teffany need to talk. 0:27:04.359 --> 0:27:05.720 Yeah, because it's literally. 0:27:05.640 --> 0:27:07.560 The Literature Academy is a major and I feel like 0:27:07.600 --> 0:27:08.679 we need a minority mindset. 0:27:09.119 --> 0:27:11.960 It's the opposite for me, like our educational I have 0:27:11.960 --> 0:27:15.000 an online school that makes eighty percent of the income, 0:27:15.040 --> 0:27:18.280 and then my partnerships and affiliate marketing and things like 0:27:18.320 --> 0:27:21.200 that that's about twenty percent. But I made that kind 0:27:21.200 --> 0:27:25.760 of intentional because the Budgetista, which is my original brand, 0:27:26.520 --> 0:27:31.240 is I didn't want to. I didn't want it relies 0:27:31.280 --> 0:27:33.879 so heavily on me being me, which is cool, but 0:27:33.960 --> 0:27:35.800 I didn't. I was thinking, like ten twenty years from 0:27:35.800 --> 0:27:38.199 now when I want to be like, you know, not 0:27:38.920 --> 0:27:41.080 the face of the business. Then what So I started 0:27:41.080 --> 0:27:43.720 an online school that you know that I used my 0:27:43.760 --> 0:27:47.199 Budgetista brand to drive to my Liberature Academy, and so 0:27:47.320 --> 0:27:50.240 that makes a good amount of mind. We just actually hit, 0:27:50.320 --> 0:27:53.040 We're we just hit this year our first seven figure 0:27:53.080 --> 0:27:55.439 month also, so yeah, it's crazy. 0:27:55.480 --> 0:27:56.919 I'm like, I used to be a preschool teacher. Now 0:27:56.920 --> 0:27:58.959 of course my parents are like, yeah, I do it 0:27:59.080 --> 0:28:01.120 so good. I'm so proud of you. 0:28:01.200 --> 0:28:04.120 I'm like, oh really, because five years ago you were like. 0:28:04.240 --> 0:28:06.640 Wait, it is your job Odoci, that's my African name. 0:28:07.000 --> 0:28:09.920 Yeah. Yeah, we need to talk after the call. 0:28:10.160 --> 0:28:12.800 Yes, we do because I think that Yeah, I mean, 0:28:14.000 --> 0:28:15.639 I think that what you guys are doing is amazing 0:28:15.680 --> 0:28:18.040 because what I don't understand is how many people do 0:28:18.080 --> 0:28:20.919 you have working for you? Because I'm honestly signed up 0:28:20.920 --> 0:28:23.480 for everything. I just like, I read all the newsletters. 0:28:23.560 --> 0:28:27.080 I was like, I can't believe he has this whole curriculum. 0:28:27.200 --> 0:28:28.879 I signed up for the investment class, which I have 0:28:28.880 --> 0:28:31.280 not taken. Well, I've done all like jsfree. I'm a 0:28:31.359 --> 0:28:33.200 stand I'm holding it in. You have no idea. 0:28:33.240 --> 0:28:34.679 I'm like, this is me. 0:28:34.880 --> 0:28:35.840 Do you have the socks? 0:28:35.920 --> 0:28:37.159 No, that's the only thing I'm missing. 0:28:37.960 --> 0:28:40.000 I'll send you a parent might have a couple left over. 0:28:41.080 --> 0:28:43.040 I'll send you one of the special edition ones. 0:28:43.560 --> 0:28:47.760 So I guess the question is like, I know how much. 0:28:47.600 --> 0:28:50.840 Work it takes, and like what size is your team? 0:28:50.920 --> 0:28:56.200 Because the quality and the consistency of your content is unmatched. 0:28:56.600 --> 0:28:57.959 So yeah, I would love to know a little bit 0:28:58.000 --> 0:28:59.680 more about you, like your team and how does that work. 0:29:00.280 --> 0:29:03.120 Yeah, so we're actually hiring a lot right now, so 0:29:03.160 --> 0:29:05.200 we are we are about to be. 0:29:06.640 --> 0:29:10.200 We have a mix of kind of our remote people, 0:29:10.560 --> 0:29:12.320 we have some freelancers, and then we have our in 0:29:12.400 --> 0:29:16.320 office team. So total, I would say we're something close 0:29:16.360 --> 0:29:19.760 to thirty people something around there, So you know, it's 0:29:20.040 --> 0:29:22.200 some more people are mixed. So some more people are 0:29:22.200 --> 0:29:24.920 full time in the office, some more people are full 0:29:24.960 --> 0:29:29.560 time remote, so it's kind of a bread blend in that. 0:29:29.640 --> 0:29:30.920 I would say by the end of the year, we'll 0:29:30.960 --> 0:29:34.920 have about ten people in the office perfectly that are 0:29:34.960 --> 0:29:37.600 you know, always there. Then we have another twenty to 0:29:37.640 --> 0:29:41.680 twenty five people, maybe thirty that are remote. 0:29:41.680 --> 0:29:42.560 Fully. 0:29:44.720 --> 0:29:46.640 It's interesting that you say that you know you're not 0:29:46.680 --> 0:29:49.640 a good writer, because my favorite apart from your YouTube, 0:29:49.680 --> 0:29:52.120 I love your newsletter in the mornings, man, So how 0:29:52.200 --> 0:29:53.000 much of that is you? 0:29:54.200 --> 0:29:58.920 So I would help with kind of coming up with 0:29:58.920 --> 0:30:03.680 the content ideas. The writing is our awesome writers. I 0:30:03.720 --> 0:30:06.560 am not involved with the writing much at all. 0:30:06.760 --> 0:30:07.760 It's good to know your strength. 0:30:07.840 --> 0:30:10.200 That's okay, Yeah, you don't want to read my writing 0:30:10.240 --> 0:30:12.280 here writing. You want to know what is going on? 0:30:12.880 --> 0:30:14.400 Is this got talking about the stock market or the 0:30:14.440 --> 0:30:16.680 real estate market? I have no idea what he's talking about. 0:30:17.040 --> 0:30:19.480 Well, you do such a great job, I mean talk, 0:30:19.600 --> 0:30:22.120 you know, just it's a real talent to be able 0:30:22.160 --> 0:30:25.760 to explain concepts without writing, like, without taking time to 0:30:25.760 --> 0:30:27.400 think them through. I'm not that I'm saying your stuf 0:30:27.480 --> 0:30:29.240 isn't thought through, but you know what I mean, like 0:30:29.240 --> 0:30:31.520 to be able to vocalize these topics and make them truly, 0:30:32.360 --> 0:30:34.920 you know, accessible to people, because, like you said, a 0:30:34.960 --> 0:30:37.360 lot of people don't understand this. You have to approach it, 0:30:37.520 --> 0:30:40.600 you know, from from the from the ground floor. Yeah, 0:30:40.640 --> 0:30:43.440 but let's we talked a little bit about passive income. 0:30:43.520 --> 0:30:45.959 You know, you have your real estate business. A lot 0:30:46.040 --> 0:30:48.360 of people right now, this is this is tied together, 0:30:48.440 --> 0:30:51.360 I promise. I want to first talk about your favorite 0:30:51.440 --> 0:30:54.560 passive income strategies and then kind of talk about how 0:30:54.600 --> 0:30:56.760 people are kind of using the stock market to create 0:30:56.840 --> 0:30:58.560 some passive income which may or may not be the 0:30:58.560 --> 0:31:01.560 best you know, idea for the majority of people. If 0:31:01.560 --> 0:31:03.480 you can go back to that, you know, my minority 0:31:03.520 --> 0:31:08.160 majority contradiction but yeah, talk about passive income streams what 0:31:09.040 --> 0:31:10.880 you sort of have, what has worked for you, and 0:31:10.920 --> 0:31:12.960 what you you know, think could work for others, and 0:31:13.000 --> 0:31:15.400 then you know how how you would talk to folks 0:31:15.520 --> 0:31:17.480 thinking about getting into the market these days. 0:31:17.800 --> 0:31:20.400 So you know, I think the first thing is kind 0:31:20.400 --> 0:31:22.360 of defining what passive income is, because I think a 0:31:22.360 --> 0:31:25.560 lot of people have a misconception as to passive income. Like, 0:31:25.640 --> 0:31:28.680 for example, there's a lot of ads out there like, oh, 0:31:28.720 --> 0:31:31.320 start this online store. It is completely passive, even though 0:31:31.360 --> 0:31:33.560 you have to manage it for five hours every single day. 0:31:33.840 --> 0:31:36.120 So I don't consider that passive income. 0:31:36.160 --> 0:31:37.800 When I think of passive income, I think of my 0:31:37.840 --> 0:31:41.320 real estate investments where I own a house or an 0:31:41.320 --> 0:31:45.760 apartment complex. I do the renovation, I get it fully 0:31:45.760 --> 0:31:48.040 rent ready, and then I hand over the keys to 0:31:48.400 --> 0:31:52.160 my property management company. And after that I let them 0:31:52.240 --> 0:31:55.200 take care of the entire property, all tenant management, all 0:31:55.200 --> 0:31:58.480 tenant relations, everything agency. And then I just kind of 0:31:58.560 --> 0:32:02.880 every month I look at our statements, so I look at, 0:32:03.000 --> 0:32:04.600 you know, how much rent do we receive, what was 0:32:04.600 --> 0:32:07.640 the maintenance requests and everything kind of in between. That's 0:32:07.640 --> 0:32:10.560 what I call passive income. So for me, my favorite 0:32:10.600 --> 0:32:12.840 is real estate. I love real estate investing. That is 0:32:12.920 --> 0:32:16.640 kind of like my number one favorite place to invest. 0:32:17.080 --> 0:32:20.120 But you know, real estate investing is not for everybody. 0:32:20.440 --> 0:32:25.680 You need to understand how real estate investing works. It 0:32:25.720 --> 0:32:29.360 takes a learning curve and not everybody wants to go 0:32:29.440 --> 0:32:31.200 through that. You know, you have to kind of go 0:32:31.320 --> 0:32:33.240 through your bad tenants, you have to go through the 0:32:33.280 --> 0:32:35.360 bad properties. You know, I went through that myself, and 0:32:35.480 --> 0:32:37.960 it sucks. It's painful, it's not fun to lose money. 0:32:38.200 --> 0:32:40.560 And with real estate there's there's more capital involved. It's 0:32:40.600 --> 0:32:43.040 a lot harder to start real estate investing, especially owning 0:32:43.080 --> 0:32:45.840 physical real estate with one hundred dollars or a thousand dollars. 0:32:45.880 --> 0:32:48.600 You know, you need more capital and more time involved 0:32:48.640 --> 0:32:50.760 to get to that passive income point. So you need 0:32:50.800 --> 0:32:52.680 to spend that time at the beginning to get through 0:32:52.800 --> 0:32:56.760 real passive income. Now, if we're talking about a more 0:32:57.080 --> 0:32:59.360 passive passive income where you don't really have to do 0:32:59.520 --> 0:33:03.520 much work at all, then the stock market does have 0:33:03.560 --> 0:33:08.520 a lot of opportunities there through dividends and dividend paying stocks, 0:33:08.520 --> 0:33:11.880 but you have to be kind of aware of what 0:33:11.920 --> 0:33:14.840 type of returns you can expect because I think sometimes 0:33:14.840 --> 0:33:17.320 people think, oh, okay, if I invest one thousand dollars, 0:33:17.560 --> 0:33:20.160 I should be making one thousand dollars a year in 0:33:20.200 --> 0:33:22.840 my passive income. But it doesn't really work like that, right, Like, 0:33:22.840 --> 0:33:25.000 if you invest in the stock market, you should be 0:33:25.080 --> 0:33:30.480 expecting three to five percent a year on your capital investments. 0:33:30.560 --> 0:33:33.080 So that's you know, if you invest one hundred dollars 0:33:33.120 --> 0:33:36.160 at three to five dollars a year for your investment 0:33:37.040 --> 0:33:39.960 through your dividends, and there's a lot of easy ways 0:33:39.960 --> 0:33:42.760 to do that. You can completely automate this. So you 0:33:42.840 --> 0:33:45.280 just take whatever funds you have and every month or 0:33:45.320 --> 0:33:50.720 every week it automatically gets invested into whatever stocks or 0:33:50.720 --> 0:33:52.200 ETFs or funds you want. 0:33:53.200 --> 0:33:55.000 And then when you get. 0:33:54.840 --> 0:33:57.000 The dividends, it is your choice now whether you want 0:33:57.000 --> 0:34:00.200 to reinvest them back into the stocks or ETFs where 0:34:00.200 --> 0:34:02.440 you kind of compounding your investments, or do you want 0:34:02.440 --> 0:34:06.040 to pull it out and keep this money for yourself 0:34:06.040 --> 0:34:07.920 and you know, use it to improve your lifestyle. The 0:34:08.000 --> 0:34:10.480 thing about passive income, especially in the stock market like 0:34:10.520 --> 0:34:13.719 this is it is a long term game. If you're 0:34:13.719 --> 0:34:15.960 getting three to five percent a year, you need to 0:34:16.000 --> 0:34:18.120 compound that money. You need to keep adding that money 0:34:18.160 --> 0:34:23.400 into your stocks and ETFs because what happens is in 0:34:23.440 --> 0:34:27.440 a good market, stock prices will go up, so you 0:34:27.440 --> 0:34:30.160 know your your stock value, your investment value is going up. 0:34:30.200 --> 0:34:32.799 But at the same time, companies, if they're growing, they're 0:34:32.840 --> 0:34:35.120 going to increase the amount of dividend that they're paying. 0:34:35.640 --> 0:34:38.040 So right now you might only be getting a three 0:34:38.040 --> 0:34:41.120 percent dividend on your money, but in five or ten years, 0:34:41.760 --> 0:34:43.920 they might double the amount of dividend that they're paying out. 0:34:43.960 --> 0:34:46.359 So what went from a three percent dividend is now 0:34:46.360 --> 0:34:49.200 a six percent dividend, So it really starts to grow 0:34:49.200 --> 0:34:51.360 and compound. And if you keep reinvesting that money, the 0:34:51.360 --> 0:34:53.359 amount of money you'd be making through this passive income 0:34:53.400 --> 0:34:56.360 and dividends keeps growing slowly, slowly, slowly. So it's like 0:34:56.719 --> 0:34:58.360 kind of like the snowball that a lot of people 0:34:58.360 --> 0:35:00.560 talk about. You you've got to build us no ball, 0:35:00.600 --> 0:35:02.560 and at the beginning it's really slow, it's really hard, 0:35:02.600 --> 0:35:04.680 But as you keep going and as you stick with 0:35:04.719 --> 0:35:05.600 it, it will get bigger. 0:35:05.880 --> 0:35:08.520 Can you explain for folks who may have just blanked 0:35:08.560 --> 0:35:10.560 out when you said the word dividend, because they may 0:35:10.600 --> 0:35:12.120 not even know what a dividend is I mean, it's 0:35:12.200 --> 0:35:14.920 just it's a piece of the profits that a company 0:35:14.920 --> 0:35:16.640 will give you for investing in their stock. Right, how 0:35:16.640 --> 0:35:17.520 would you break it down? 0:35:17.719 --> 0:35:20.800 Yeah, so I the way I like to explain dividends 0:35:20.800 --> 0:35:23.320 is think about like a thank you check from companies. 0:35:23.360 --> 0:35:26.640 So some companies, let's talk about McDonald's. Some companies like 0:35:26.719 --> 0:35:29.000 McDonald's make a lot of money, and at the end 0:35:29.040 --> 0:35:30.960 of the year, they have a whole bunch of cash 0:35:31.000 --> 0:35:34.279 in their bank account. And there's three things that a 0:35:34.320 --> 0:35:36.759 company can do with it's extra cash. They can save 0:35:36.800 --> 0:35:39.759 it for emergencies. They can reinvest this money back into 0:35:39.760 --> 0:35:42.799 their company, or they can give this away literally give 0:35:42.800 --> 0:35:45.680 it away to their owners and shareholders, investors people like 0:35:45.719 --> 0:35:48.239 you and me for owning the stock. So if you 0:35:48.280 --> 0:35:51.000 go out and you buy a share of McDonald's, McDonald's 0:35:51.000 --> 0:35:52.920 will literally send you a check. They'll send you a 0:35:52.920 --> 0:35:55.880 few dollars every single year just because you own the 0:35:55.920 --> 0:35:58.200 McDonald's stock. You don't have to go on flip burgers 0:35:58.280 --> 0:36:01.440 or do anything. You're getting this cash just for owning 0:36:01.560 --> 0:36:02.320 that investment. 0:36:02.840 --> 0:36:03.719 I love that explanation. 0:36:03.800 --> 0:36:05.080 I just saw that in one of your videos that 0:36:05.120 --> 0:36:07.080 you explained that was like he's doing the video, I. 0:36:07.040 --> 0:36:08.520 Feel like I'm watching your YouTube video. 0:36:10.040 --> 0:36:11.840 Yeah, it's the same. 0:36:11.719 --> 0:36:14.560 Really safe. Yeah. I mean this past week has been 0:36:14.640 --> 0:36:16.480 I don't know this past summer. I mean, I just 0:36:16.480 --> 0:36:19.160 feel like everyone at home through this COVID crisis is 0:36:19.200 --> 0:36:21.160 bizarre time they were at in our country right now, 0:36:21.719 --> 0:36:23.640 and it's good for people like us who are in 0:36:23.680 --> 0:36:26.719 the business of teaching financial education, because folks are really 0:36:26.800 --> 0:36:29.960 hungry for right now. But I'm worried because, like my 0:36:30.040 --> 0:36:33.000 friends and family who really haven't been into financial anything 0:36:33.239 --> 0:36:35.239 until you know, COVID kind of hit and they have 0:36:35.280 --> 0:36:37.360 all this free time. People are coming to me like 0:36:37.360 --> 0:36:39.560 should I invest in herds? What do you think about 0:36:39.560 --> 0:36:42.400 the Tesla stock split? I mean, last week my husband 0:36:42.440 --> 0:36:45.200 puts listen, Okay, like I said, I like to I 0:36:45.280 --> 0:36:47.120 have some money that I play around with that I'm 0:36:47.280 --> 0:36:48.800 not afraid to lose, you know. I just have a 0:36:48.800 --> 0:36:50.880 little bit set aside, so I can I can just 0:36:50.920 --> 0:36:53.239 prove to myself, honestly, what a terrible stock picker I am, 0:36:53.320 --> 0:36:55.359 which is what it's been like for the past five 0:36:55.400 --> 0:36:57.960 to ten years I've been doing it. But anyway, so 0:36:58.000 --> 0:36:59.680 my husband's got a little bit of money, and you 0:36:59.719 --> 0:37:01.640 know that he could invest, and he chose to invest 0:37:01.640 --> 0:37:03.760 in some TESL stock last week after the stock split, 0:37:04.080 --> 0:37:06.040 and of course he bought when it was really high, 0:37:06.200 --> 0:37:07.600 and by the end of the week it had tanked 0:37:07.600 --> 0:37:09.439 and he's like, what's going on in to just sell 0:37:09.440 --> 0:37:12.400 my Tesla stock? And I feel like he's not alone. 0:37:12.800 --> 0:37:15.680 So what's your take on where people's mindset is at 0:37:15.680 --> 0:37:18.040 with you know, stock market investing these days? And what 0:37:18.080 --> 0:37:19.920 would you say to people who were trying to get 0:37:19.920 --> 0:37:22.680 into the market now as like a word of caution. 0:37:23.239 --> 0:37:25.600 So I just recorded a video on this. It's going 0:37:25.640 --> 0:37:28.840 to go up very soon. But stock or market predicting 0:37:29.120 --> 0:37:31.839 is for losers. Nobody can predict what's going to happen 0:37:31.880 --> 0:37:34.680 in the stock market tomorrow or three months or you know, 0:37:34.880 --> 0:37:37.440 in this short term. It is impossible because there are 0:37:37.480 --> 0:37:40.479 so many things that can happen that influence the stock market, 0:37:40.600 --> 0:37:42.680 especially in the short term. You know, we could see 0:37:42.719 --> 0:37:44.920 something happened to the president. We could see something happened 0:37:44.960 --> 0:37:47.560 with this coronavirus. We can see the Fed change the 0:37:47.640 --> 0:37:50.560 monetary policy. There are so many factors that influence the 0:37:50.600 --> 0:37:53.360 stock market in the short term that creates this like 0:37:53.520 --> 0:37:58.200 emotionalness in the stock market, and that's what creates creates 0:37:58.239 --> 0:38:02.879 like this panic selling and euphoria buying, and as a 0:38:02.920 --> 0:38:06.280 smart financial planner and a smart money manager and investor, 0:38:06.360 --> 0:38:07.680 that is exactly. 0:38:07.280 --> 0:38:08.400 What you want to avoid. 0:38:09.040 --> 0:38:11.680 You want to be investing for the long term. So 0:38:11.719 --> 0:38:15.920 I'm a big proponent of long term investing, looking at 0:38:15.920 --> 0:38:20.600 companies who are growing, who are innovating, and have a 0:38:20.640 --> 0:38:23.920 good value, and buying into these companies for the long term. 0:38:23.960 --> 0:38:27.040 If that is what you're doing, the stock pace doesn't 0:38:27.080 --> 0:38:29.880 even matter that much. You just want to continually buy it, 0:38:29.920 --> 0:38:32.160 whether it's every week or every month, or you know, 0:38:32.200 --> 0:38:34.240 whatever your schedule is. You just want to keep buying 0:38:34.280 --> 0:38:37.319 these stocks or funds that you want to own for 0:38:37.360 --> 0:38:38.120 the long term. 0:38:38.840 --> 0:38:40.680 For the majority dollar cost averaging. 0:38:40.719 --> 0:38:42.400 No, I was just going to say, so that's I know, 0:38:42.440 --> 0:38:44.600 that's your big philosophy dollar cost averaging. 0:38:45.000 --> 0:38:48.359 Yeah, and if it comes down, if it crashes, buy more. 0:38:48.719 --> 0:38:50.160 That is like, it's like one of those things that 0:38:50.239 --> 0:38:53.040 if it's a company you really believe in, buy it 0:38:53.200 --> 0:38:55.480 and if it crashes, use it as an opportunity to 0:38:55.480 --> 0:38:57.840 buy more. And I think for the majority of people, 0:38:58.640 --> 0:39:00.640 stock picking is not even the game that you want 0:39:00.640 --> 0:39:02.160 to be playing for the majority of people. 0:39:02.200 --> 0:39:04.239 If you don't not plan to. 0:39:03.719 --> 0:39:07.280 Spend a lot of time studying companies, listening to earning statements. 0:39:07.440 --> 0:39:09.640 If that is not what you're interested in, look into 0:39:09.680 --> 0:39:12.800 index funds. Look into the ETFs and index fund or ETFs. 0:39:12.880 --> 0:39:15.000 You could think of a kind of like a group 0:39:15.040 --> 0:39:18.040 of stocks of fund that invests in a bunch of companies. 0:39:18.280 --> 0:39:20.040 So if you just want to be involved in the 0:39:20.080 --> 0:39:24.040 stock market, there are funds that literally give you exposure 0:39:24.160 --> 0:39:26.600 to the top five hundred companies in the stock market. 0:39:26.719 --> 0:39:28.080 So now instead of if you're trying to go out 0:39:28.080 --> 0:39:30.240 and find the number one company, you can just invest 0:39:30.280 --> 0:39:32.600 in this fund that gives your exposure to the general 0:39:32.640 --> 0:39:34.879 stock market. So now, if the stock market goes up, 0:39:34.920 --> 0:39:37.399 your fund goes up. The stock market goes down, your 0:39:37.440 --> 0:39:40.000 fund goes down. But what we've seen again and again 0:39:40.040 --> 0:39:42.000 and again is that over the long run, the stock 0:39:42.040 --> 0:39:44.120 market and strong companies go up. And if you're not 0:39:44.200 --> 0:39:46.160 interested in doing all that research and trying to find 0:39:46.160 --> 0:39:48.680 the best companies, just invest in one of these funds, 0:39:48.880 --> 0:39:51.640 because now it's doing it for you. 0:39:52.440 --> 0:39:56.759 So what you're saying is I'm right, and yeah, to 0:39:56.760 --> 0:39:59.080 confirm that, because I won't. 0:39:58.840 --> 0:40:01.279 Play in that then. That's so my question is, so 0:40:01.360 --> 0:40:04.920 where do you go for financial education? You know, the 0:40:04.960 --> 0:40:07.120 financial educator? It's like what does a doctor go when 0:40:07.120 --> 0:40:09.200 they're sick? So where do you go to learn when 0:40:09.280 --> 0:40:11.840 you're when you're learning when new things come out or 0:40:11.960 --> 0:40:12.960 something you don't understand? 0:40:12.960 --> 0:40:15.640 Like what are you what are your go to platforms? 0:40:16.040 --> 0:40:19.160 There's a lot of great resources on the internet, Like 0:40:19.239 --> 0:40:20.919 one of my go to sites if we're talking about 0:40:20.960 --> 0:40:26.280 the stock market, particularly like seeking Alpha is great financed Yahoo, 0:40:26.680 --> 0:40:31.680 just to like I love reading books and I love 0:40:31.760 --> 0:40:34.080 kind of just learning about companies, Like right now I'm 0:40:34.120 --> 0:40:37.520 reading one of Warren Buffet's biographies. It's very interesting just 0:40:37.520 --> 0:40:39.879 to kind of not necessarily just stock books, but learning 0:40:39.960 --> 0:40:42.319 kind of the way some of these great investors think 0:40:43.040 --> 0:40:46.760 and just learning from them and then really just studying 0:40:46.760 --> 0:40:50.000 a company. You know, there's every three months a company 0:40:50.000 --> 0:40:53.040 has to release a statement where they go over how 0:40:53.080 --> 0:40:55.279 much money they're making with the plan on doing, what 0:40:55.360 --> 0:40:57.960 their valuations? You know, what are they doing with their money? 0:40:58.000 --> 0:41:01.160 Where's all the cash going? And a lot of times 0:41:02.080 --> 0:41:04.400 most of the times we skip over that because we 0:41:04.480 --> 0:41:07.799 read the headlines. Oh Tesla made a lot of money 0:41:07.880 --> 0:41:10.120 or Tesla lost money. Right, that's all we see. But 0:41:10.160 --> 0:41:12.080 if you go into the actual earning statements and you 0:41:12.160 --> 0:41:16.000 read the transcript and you read the forms that these 0:41:16.000 --> 0:41:18.920 companies file, which you can do, they're more boring, but 0:41:19.000 --> 0:41:21.480 you can actually see what is going on with the 0:41:21.520 --> 0:41:24.879 company and what is their real revenue, what is their 0:41:24.920 --> 0:41:27.400 real income, what is their real loss, and then you 0:41:27.400 --> 0:41:29.400 can come up with your own calculations to see, Okay, 0:41:29.560 --> 0:41:32.719 this company's making one hundred million dollars actually based off 0:41:32.760 --> 0:41:35.000 of what I see, and they're being valued at ten 0:41:35.080 --> 0:41:37.800 billion dollars. Is this a good investment? 0:41:37.920 --> 0:41:38.400 Yes or no? 0:41:38.800 --> 0:41:40.520 And so it's kind of coming up with what do 0:41:40.600 --> 0:41:42.960 you think is a good value and what is it 0:41:42.960 --> 0:41:44.480 that you want to invest. 0:41:44.160 --> 0:41:48.080 In Over time, as you've developed your financial philosophy and 0:41:48.480 --> 0:41:51.280 the minority mindset, as you say, I mean you acknowledge 0:41:51.320 --> 0:41:54.080 that you didn't have a ton of education. And Tiffany's 0:41:54.080 --> 0:41:56.160 maybe in the minority because she had such a great 0:41:56.200 --> 0:41:59.640 financial coach in her dad. But even so, the Great Recession, 0:41:59.719 --> 0:42:01.960 for and I both kind of had a we were 0:42:02.000 --> 0:42:05.040 all like in our own ways, a little afraid of 0:42:05.320 --> 0:42:08.200 going through what we went through our personal financial losses 0:42:08.480 --> 0:42:10.960 after the recession, and so I think safe to say 0:42:11.000 --> 0:42:13.160 TIF that we both held on to some cash. Yeah 0:42:13.960 --> 0:42:16.839 maybe beyond like yeah, maybe beyond like the six month mark. 0:42:17.840 --> 0:42:20.160 And I wanted to talk to you, like, what's your 0:42:20.600 --> 0:42:23.399 Have you had to overcome any mindsets that were maybe 0:42:23.480 --> 0:42:26.120 hurting you financially where you maybe a little conservative in 0:42:26.160 --> 0:42:27.799 the beginning, or have you always kind of you know, 0:42:28.280 --> 0:42:32.000 just learned and approached investing differently, because for a lot 0:42:32.040 --> 0:42:34.680 of people, especially now the majority, we'll look at the 0:42:34.719 --> 0:42:37.120 stock market, what happened back in the spring, you know, 0:42:37.160 --> 0:42:39.080 March and April and be like, oh shit, like get 0:42:39.080 --> 0:42:41.120 me out of here, this is crazy. Yeah, So to 0:42:41.160 --> 0:42:42.719 talk about that, if you don't mind. 0:42:42.520 --> 0:42:47.040 I think, yeah, the saving thing I I six months, 0:42:47.360 --> 0:42:49.200 I tell a lot of people was the goal, and 0:42:49.320 --> 0:42:52.080 I try to tell people to cap it, like Indians 0:42:52.360 --> 0:42:53.920 tend to be super savous to a lot of my 0:42:54.000 --> 0:42:56.279 friends who are kind of fall under that boat. I 0:42:56.280 --> 0:42:57.520 know a lot of people that make a lot of 0:42:57.520 --> 0:43:00.239 money and this save every penny that they can. So 0:43:00.440 --> 0:43:02.520 they're saving like seventy eighty percent of their income and 0:43:02.560 --> 0:43:05.160 they have three, four five years worth of expenses saved 0:43:05.160 --> 0:43:07.640 in the bank. Account just sitting there and this is 0:43:07.680 --> 0:43:10.719 way past the FDIC limit, so you know I. 0:43:10.760 --> 0:43:13.720 Must be yeah, not anymore. 0:43:13.760 --> 0:43:15.960 I'm better now. I have a financial planner. That's cheesy 0:43:16.040 --> 0:43:19.040 is Indian shout out to anti, But yeah, I'm better now. 0:43:19.040 --> 0:43:20.319 But that was so me. 0:43:21.000 --> 0:43:23.400 Yeah, and you know it's it's better than blowing all 0:43:23.480 --> 0:43:23.839 that money. 0:43:23.960 --> 0:43:24.200 Right. 0:43:24.640 --> 0:43:27.120 But what I try to tell people is, you know, 0:43:27.160 --> 0:43:30.520 you can do a lot better and take low risks 0:43:30.840 --> 0:43:33.440 if you you know, you once you learn about how 0:43:33.480 --> 0:43:35.520 investing works, you can kind of get a better feel 0:43:35.520 --> 0:43:35.799 of it. 0:43:36.040 --> 0:43:37.120 So I used to have a lot. 0:43:36.960 --> 0:43:39.040 Of money in the market, and I made a video 0:43:39.080 --> 0:43:41.320 on this earlier this year, like back in it was 0:43:41.360 --> 0:43:43.800 actually in February where I talked about how I was 0:43:43.840 --> 0:43:46.360 selling a lot of stuff just because sometimes, you know, 0:43:47.480 --> 0:43:50.360 things do feel like a low, little overheated. Now this 0:43:50.480 --> 0:43:52.960 was completely lucky, Like you know, I talked about this. 0:43:53.080 --> 0:43:54.920 This was like one hundred percent luck. I did not 0:43:55.000 --> 0:43:57.120 predict a crash or did not predict a pandemic. This 0:43:57.280 --> 0:44:00.000 was like completely luck. For in February, I was, yeah, 0:44:00.000 --> 0:44:02.360 you know, I've made a lot of money over the 0:44:02.440 --> 0:44:04.280 last few years in the stock market, so I'm selling 0:44:04.360 --> 0:44:06.560 right now. Because a lot of things are really high, 0:44:06.600 --> 0:44:08.839 evaluations are really high, and it's just a good time 0:44:08.880 --> 0:44:10.000 to take some money off the table. 0:44:10.040 --> 0:44:10.680 And that's okay. 0:44:11.239 --> 0:44:12.759 You know what I tell people when it comes to 0:44:12.800 --> 0:44:15.799 saving and investing, your investment money doesn't always have to 0:44:15.840 --> 0:44:19.360 be invested. Like cash is an investment position as well. 0:44:20.160 --> 0:44:22.080 It's just knowing that this is money that you want 0:44:22.120 --> 0:44:24.680 to invest that you're you know, looking for an opportunity. 0:44:25.480 --> 0:44:26.439 I like real estate. 0:44:26.520 --> 0:44:28.279 I haven't bought real estate in a while because I'm 0:44:28.280 --> 0:44:30.440 waiting for an opportunity. So I have cash that I'm 0:44:30.480 --> 0:44:32.880 waiting to invest, and you know, it goes beyond my 0:44:32.960 --> 0:44:36.440 saving goals, but it's my investment money that I'm waiting 0:44:36.600 --> 0:44:37.320 to invest. 0:44:37.760 --> 0:44:41.359 So that's kind of like what I've developed over the years. 0:44:41.360 --> 0:44:42.960 And I think I used to be a lot riskier 0:44:43.200 --> 0:44:45.760 when I was younger, when I was first getting started, 0:44:45.800 --> 0:44:48.880 because at that point, i was like, Wow, what do 0:44:48.920 --> 0:44:50.640 I have to lose? So I'm just going all in 0:44:51.040 --> 0:44:53.200 everywhere I can because for me, it was just like, 0:44:53.239 --> 0:44:55.000 you know, this is my time to learn, this is 0:44:55.040 --> 0:44:58.040 my time to go all in with everything. Now, you know, 0:44:58.080 --> 0:45:00.680 I'm still willing to take risk, but definitely a little 0:45:00.680 --> 0:45:04.360 bit more conservative, and I do a lot more research 0:45:04.440 --> 0:45:05.920 now than I used to before. I was more of 0:45:05.920 --> 0:45:09.720 a doer before thinking at all. Now I'm still a doer, 0:45:09.800 --> 0:45:11.400 but I do spend a little bit more time thinking 0:45:11.440 --> 0:45:13.960 before I trying to make those moves. 0:45:14.239 --> 0:45:16.920 So you cleaned out your investments in February, lucky, and 0:45:17.640 --> 0:45:19.880 then what did you get back in once things started 0:45:19.880 --> 0:45:22.200 to go? Like? What what did Yeah? What what did 0:45:22.200 --> 0:45:24.600 you do? Because I think there were folks who were 0:45:24.640 --> 0:45:26.839 it's that financial double dutch again, which is I don't 0:45:26.840 --> 0:45:29.000 know if you're familiar with double dutch. It's kind of fun. 0:45:31.880 --> 0:45:33.680 I know double dutch. I don't know if you even watched. 0:45:33.680 --> 0:45:35.840 Like when girls jump into the road, they do this 0:45:36.040 --> 0:45:38.279 like bobbing back and forth trying to figure out the 0:45:38.280 --> 0:45:40.560 perfect time to jump into you. You're literally rocking back 0:45:40.600 --> 0:45:42.319 and forth. So it's like, yeah, so it's a good 0:45:42.320 --> 0:45:43.760 analogy to getting into the market. 0:45:44.239 --> 0:45:45.359 So yeah, I did. 0:45:45.920 --> 0:45:48.680 I talked about this on YouTube that I do this 0:45:48.800 --> 0:45:52.000 kind of like drip investing, where I buy in phases. Now, 0:45:52.000 --> 0:45:54.920 I'm not the greatest stock market investor out there. One 0:45:54.960 --> 0:45:57.600 of our partners, Ak, who does a lot of our 0:45:57.640 --> 0:46:00.520 stock market teaching, he is, like, he taught me a 0:46:00.560 --> 0:46:02.399 lot about the stock market. I learned a lot from him. 0:46:02.440 --> 0:46:06.399 But I do what I call drip investing. So when 0:46:06.400 --> 0:46:08.600 the stock market falls, that's when I come in and buy, 0:46:08.640 --> 0:46:11.200 and I buy in phases. So every time it falls 0:46:11.200 --> 0:46:13.520 ten to fifteen percent, I buy. If it falls more, 0:46:13.560 --> 0:46:15.520 I buy more, and so I kind of just buy 0:46:15.719 --> 0:46:18.040 those phases. So when it was falling, I was just 0:46:18.080 --> 0:46:21.000 buying the whole way down, and then I did sell 0:46:21.000 --> 0:46:23.080 a little bit a few months later because the stock 0:46:23.120 --> 0:46:26.279 market recovered so fast that it was like, this is 0:46:26.360 --> 0:46:28.920 kind of crazy, how fast the stock market is recovering. 0:46:29.760 --> 0:46:31.640 So you know, that's kind of what I've been doing 0:46:31.680 --> 0:46:33.880 with in terms of the stock market. I still haven't 0:46:33.880 --> 0:46:37.239 really bought much real estate or at all. I'm just 0:46:37.280 --> 0:46:38.920 trying to figure out what's going on in the real 0:46:39.000 --> 0:46:39.439 estate market. 0:46:39.560 --> 0:46:40.960 Where are you buying real estate? I don't even know 0:46:40.960 --> 0:46:44.200 where you're based. I'm in Michigan, Michigan, Okay, So that's 0:46:44.320 --> 0:46:46.360 and do you have are you investing in real estate 0:46:46.600 --> 0:46:48.440 close by so you kind of know the area? 0:46:48.640 --> 0:46:51.160 Yeah, yeah, a lot of it is in the state. 0:46:51.320 --> 0:46:54.880 So just trying to wait on opportunities. I mean, I'm 0:46:54.920 --> 0:46:58.360 a big value ad investor. I love finding distressed real estate, 0:46:59.040 --> 0:47:03.800 whether it's financially stressed or physically distressed, but just waiting 0:47:03.840 --> 0:47:04.800 on a deal. 0:47:05.400 --> 0:47:07.560 That's so a fixer rupper basically. 0:47:07.239 --> 0:47:08.400 Yeah, I love fixer rubbers. 0:47:08.440 --> 0:47:10.960 I'm working on my first fixture upper right now, so 0:47:10.960 --> 0:47:12.960 I'm excited to see like we oh, that's awesome. 0:47:13.200 --> 0:47:13.600 Huse. 0:47:13.600 --> 0:47:15.880 I was like, you know what, I feel like My 0:47:16.160 --> 0:47:18.799 first kind of jaunt into investing was really investing by 0:47:18.840 --> 0:47:22.120 growing up business because I was scared of investing traditionally 0:47:22.160 --> 0:47:24.560 since I had that scam. And then I got my 0:47:24.760 --> 0:47:28.000 financial planner and she really helped to like pry open 0:47:28.080 --> 0:47:29.440 my cold dead hands. 0:47:29.239 --> 0:47:29.920 Around my money. 0:47:31.160 --> 0:47:34.279 So because I had enough, I had so much save 0:47:34.400 --> 0:47:36.680 that the house I'm living in now, I paid for 0:47:36.719 --> 0:47:39.600 it in cash and renovated in cash, and paid off 0:47:39.640 --> 0:47:41.279 my parents' house in cash, and paid off. 0:47:41.160 --> 0:47:43.080 My student loans in cash and thought there was. 0:47:43.640 --> 0:47:47.120 But not really, because she was like, Tiffany, you have 0:47:47.360 --> 0:47:50.560 enough to like last year lifetime, you need to invest 0:47:50.560 --> 0:47:51.280 some of this money. 0:47:51.920 --> 0:47:53.040 So you know, I did that. 0:47:53.120 --> 0:47:55.080 But then so the real estate property that I bought, 0:47:55.120 --> 0:47:58.960 it's it's a tax deed from the city where I 0:47:58.960 --> 0:48:01.319 live in New Jersey. And so it was ten thousand dollars, 0:48:01.320 --> 0:48:04.600 which is awesome, and it needed about one hundred and 0:48:04.600 --> 0:48:07.640 fifty thousand dollars worth of work. But the homes around 0:48:07.640 --> 0:48:10.760 their goal for about two twenty five and they're building 0:48:10.760 --> 0:48:13.000 a new train station that goes directly to New York City, 0:48:13.440 --> 0:48:15.320 like around the corner. Yeah, so I'm like, yeah, I 0:48:15.360 --> 0:48:18.480 cannot wait to see this, to see we're looking now. 0:48:18.680 --> 0:48:22.439 I'm stacking money to look same as you, to see 0:48:22.440 --> 0:48:27.480 if there's like another opportunity to purchase something. Because my angelie, 0:48:27.480 --> 0:48:30.399 my financial planner, said, you've already, you know, you've hit 0:48:30.440 --> 0:48:32.640 your goal for the year as far as setting aside 0:48:32.719 --> 0:48:36.880 for retirement and just investing for wealth with her, and 0:48:37.000 --> 0:48:39.839 so now she just suggested that we start to for 0:48:39.880 --> 0:48:42.000 the rest of the year put the rest away to 0:48:42.040 --> 0:48:44.160 purchase real estate when we felt the time was right. 0:48:44.200 --> 0:48:46.359 So that's what my husband and I are doing now. 0:48:46.400 --> 0:48:49.359 But yeah, do you have I mean I never would 0:48:49.360 --> 0:48:51.759 have thought I would have had a financial planner, So 0:48:51.800 --> 0:48:53.839 I guess that's my question. Do you have someone? I mean, 0:48:53.840 --> 0:48:55.200 I know you have Ak. I love him too because 0:48:55.200 --> 0:48:57.600 I watch his channel. He's a little wilder than you, 0:48:57.760 --> 0:48:58.640 but he's still funny. 0:48:58.680 --> 0:49:05.120 Yeah, he's really smart. He's like edgy, but he's really smart. 0:49:05.560 --> 0:49:07.160 So is that your go to or do you have 0:49:07.200 --> 0:49:09.200 like a formal because I know Mandy has someone her 0:49:09.280 --> 0:49:11.920 name is Helen that kind of guides her through the 0:49:11.960 --> 0:49:13.680 things that she doesn't know. Do you have like a 0:49:13.719 --> 0:49:15.840 go to aside from him that guide you through the 0:49:15.840 --> 0:49:17.719 things that you don't know financially. 0:49:18.040 --> 0:49:19.239 In different areas. 0:49:19.480 --> 0:49:22.240 Yes, so not like one kind of go to financial 0:49:22.239 --> 0:49:24.799 planner in that sense, but you know, people I have, 0:49:25.000 --> 0:49:27.279 like ak is who I go to in the stock market. 0:49:27.320 --> 0:49:29.600 I have a few friends who are I mean absolutely 0:49:29.680 --> 0:49:32.640 killing it in real estate. I have a couple of people, 0:49:32.719 --> 0:49:35.719 not many in the entrepreneur business space that I talked to, 0:49:36.320 --> 0:49:39.919 but mainly in the real estate and stock market space. 0:49:39.960 --> 0:49:42.239 Do I have people that kind of bounce ideas off 0:49:42.280 --> 0:49:43.800 of and talk to about what's going on and a 0:49:43.840 --> 0:49:46.160 couple of brokers in the area that are really really 0:49:46.239 --> 0:49:48.480 active in the real estate market. 0:49:48.719 --> 0:49:51.279 What do you have? So you mentioned investing on the 0:49:51.400 --> 0:49:55.200 side so that you can use that money to purchase 0:49:55.680 --> 0:49:58.919 potentially income properties. What's your investing strategy when it comes 0:49:58.960 --> 0:50:01.600 to saving for real estate because if you're looking for opportunities, 0:50:01.640 --> 0:50:03.000 you know, you don't know when that will pop up, 0:50:03.239 --> 0:50:05.960 so you need to be liquid enough. So I'm curious. 0:50:06.160 --> 0:50:08.160 So kind of like what I was saying before, right, 0:50:08.680 --> 0:50:11.920 I have my savings cash, which is just savings, and 0:50:11.920 --> 0:50:14.799 then I have my investment money, which not all that 0:50:14.840 --> 0:50:19.359 money is always invested. Cash is a position. And so 0:50:19.560 --> 0:50:23.000 I have cash that I have waiting to invest. So 0:50:23.520 --> 0:50:25.680 that's that's kind of my real estate that I'm waiting 0:50:25.920 --> 0:50:27.879 to buy. Real estate that's just kind of sitting there. Yeah, 0:50:27.920 --> 0:50:31.160 it's not growing right now, it's it's losing value to inflation. 0:50:31.239 --> 0:50:33.360 But this is money that I'm kind of you know, 0:50:33.440 --> 0:50:36.000 I have ready because when if real estate prices come down, 0:50:36.000 --> 0:50:37.040 I want to be there and I want to be 0:50:37.080 --> 0:50:40.000 the ones that's ready to buy without any questions. 0:50:40.360 --> 0:50:44.560 Yeah, we can't all be, sister Carol. But did she 0:50:44.600 --> 0:50:47.319 buys She bought, like pifting her dollars worth and paid, So. 0:50:47.320 --> 0:50:48.480 Yeah, my sister. 0:50:48.600 --> 0:50:51.360 She she actually like she loves investing in the market 0:50:51.560 --> 0:50:54.799 and she can pick them. So she's an engineer by trade. 0:50:54.840 --> 0:50:57.720 So for my parents were happy with her. But she 0:50:57.960 --> 0:51:00.799 told me about Tesla years ago, and she brought it 0:51:00.800 --> 0:51:02.240 when it was thirty dollars a share. 0:51:02.920 --> 0:51:03.200 Wow. 0:51:03.280 --> 0:51:04.359 She was like you should, you should. 0:51:04.400 --> 0:51:06.040 This is this company called Tesla and I was like 0:51:06.200 --> 0:51:11.000 yeah nah, and then like and then the next year Thanksgiving, 0:51:11.080 --> 0:51:12.800 she was like, it's gone up. It's like a hundred 0:51:12.800 --> 0:51:14.160 dollars a share or whatever it was, and I was 0:51:14.200 --> 0:51:17.279 still like no, not interested. So at the time she 0:51:17.360 --> 0:51:21.239 brought like fifteen hundred dollars worth and yeah, so she 0:51:21.360 --> 0:51:23.360 ended up like selling it though I forget whatever it was, 0:51:23.360 --> 0:51:24.600 but she ended up selling it to pay for her 0:51:24.640 --> 0:51:26.719 wedding and she put in fifteen hundred and got out 0:51:26.719 --> 0:51:27.680 thirty thousand dollars. 0:51:27.840 --> 0:51:30.280 So wow, that's an amazing return. 0:51:30.400 --> 0:51:32.440 Yes, and so but now I listen to her because 0:51:32.440 --> 0:51:35.279 she told me about Shopify, for example, when it was 0:51:35.280 --> 0:51:37.120 like I think it was iping and she was like, 0:51:37.120 --> 0:51:37.879 I think it's a good stock. 0:51:37.880 --> 0:51:38.720 I've been doing my research. 0:51:38.760 --> 0:51:41.600 And I was like, okay, I bought Shopify at how 0:51:41.680 --> 0:51:43.160 much did I buy it for? I think one hundred 0:51:43.160 --> 0:51:45.359 and forty dollars a share. It's over a thousand dollars 0:51:45.440 --> 0:51:48.720 right now. But wow, my stingy self bought three shares. 0:51:48.760 --> 0:51:51.960 I'm like, ah dang, I said about more. 0:51:52.000 --> 0:51:53.360 But yeah, so she's. 0:51:53.200 --> 0:51:56.000 Kind of like my my ak because she will do 0:51:56.040 --> 0:52:00.600 the research and she she loves like stock. But I just, 0:52:01.120 --> 0:52:03.520 you know, I just don't have the capacity or really 0:52:03.520 --> 0:52:05.399 the interest in doing all the research. So I'm mostly 0:52:05.400 --> 0:52:08.319 like an index mutual fun person, unless you know, she's like, 0:52:08.320 --> 0:52:09.160 there's a stock I've. 0:52:09.000 --> 0:52:10.960 Been doing this research for the last three years. I 0:52:11.000 --> 0:52:11.680 really like them. 0:52:11.719 --> 0:52:14.359 And then we for once all listen, but I have 0:52:14.440 --> 0:52:16.279 like a random question for you. Do you get like 0:52:16.360 --> 0:52:18.080 spotted in the streets, like I. 0:52:18.120 --> 0:52:19.040 Hat you're just great? 0:52:19.600 --> 0:52:20.759 A few times here and there. 0:52:20.800 --> 0:52:23.759 Not so much now during COVID, but every once in 0:52:23.760 --> 0:52:24.640 a while it would. 0:52:24.960 --> 0:52:28.880 It was funny. I never thought of myself kind of 0:52:28.880 --> 0:52:29.520 as a celebrity. 0:52:29.520 --> 0:52:31.680 I still don't, which is like, but it's so so 0:52:31.800 --> 0:52:34.400 weird when like I'll be like going somewhere with my 0:52:34.440 --> 0:52:36.759 family or my friends and somebody will kind of just 0:52:36.760 --> 0:52:38.080 come up to you and be like, hey, are you 0:52:38.440 --> 0:52:42.400 just freak, And I'm like yeah, It's like it's funny. 0:52:42.400 --> 0:52:44.799 It's amazing because I love connecting with people, you know, 0:52:44.880 --> 0:52:45.920 our own fans and audience. 0:52:45.960 --> 0:52:49.440 It's just like, I just never ever thought of myself. 0:52:49.719 --> 0:52:51.440 I still don't think of myself as kind of like 0:52:51.920 --> 0:52:54.520 a celebrity in any way, you know. So it's just 0:52:54.560 --> 0:52:56.319 like I'm just like, look man, I'm just like you man, 0:52:56.560 --> 0:52:57.520 it's you know what. 0:52:57.400 --> 0:53:01.040 I mean, Yeah, that's awesome. Just with like one hundred 0:53:01.200 --> 0:53:04.280 million more people, they're gonna. 0:53:04.080 --> 0:53:05.600 Be watching you even more now. I'm telling you, like 0:53:05.680 --> 0:53:07.280 we have been singing your praises. 0:53:08.480 --> 0:53:10.120 I appreciate that you are also now. 0:53:10.000 --> 0:53:11.799 When Mandy said that we have just freedon, I was like, 0:53:11.880 --> 0:53:14.000 are you are you toying with me? 0:53:15.040 --> 0:53:15.600 Oh my god? 0:53:16.280 --> 0:53:18.040 And then what I told my sister, I mean, humble Brake. 0:53:18.080 --> 0:53:19.399 I just emailed him and he like email. 0:53:20.200 --> 0:53:23.040 When I told Carol my my my stock trading sister, 0:53:23.160 --> 0:53:25.880 she was like, no way, no way, no way. I 0:53:25.920 --> 0:53:28.200 was like, I know, you know, I'm telling you now. 0:53:28.200 --> 0:53:30.360 Even like I said, my three year old niece Amelia 0:53:30.520 --> 0:53:31.960 was like, jes break, I'm like. 0:53:32.040 --> 0:53:32.880 Yes, a million. 0:53:33.600 --> 0:53:35.480 So you guys are so sweet. 0:53:35.239 --> 0:53:37.560 Now, but honestly you just like I said, it's to me, 0:53:37.920 --> 0:53:41.359 there needs to be more representation in financial education, and 0:53:41.400 --> 0:53:45.480 so it was just good to see someone who looked different. 0:53:45.560 --> 0:53:48.319 I think it's important for people to see themselves in 0:53:48.440 --> 0:53:53.000 the people that they're learning from and so I just honestly, 0:53:53.040 --> 0:53:54.680 I don't know how for so long because Mandy and 0:53:54.719 --> 0:53:57.080 I are part of like this like kind of like 0:53:57.200 --> 0:54:00.239 brown coalition of financial like educators, and I'm like, how 0:54:00.239 --> 0:54:00.640 do we not know. 0:54:00.640 --> 0:54:08.240 About joss Free until recently I make it my business? 0:54:09.719 --> 0:54:12.000 Yes, because I think, like I said, I think I 0:54:12.000 --> 0:54:16.560 think representation is important because what it's I think traditionally 0:54:16.719 --> 0:54:20.759 in financial education, black and brown communities are left out 0:54:20.800 --> 0:54:25.520 of the financial conversation and it's mostly pushed like savings 0:54:25.560 --> 0:54:28.279 and budgeting, which is good, you know, but sometimes this 0:54:28.480 --> 0:54:32.040 next level financial education we don't really get access to. 0:54:32.200 --> 0:54:35.160 So I think it's important that you know that people 0:54:35.200 --> 0:54:38.200 who look different, people who sound different, people who have 0:54:38.600 --> 0:54:40.759 different names. But I don't even use my African name 0:54:40.800 --> 0:54:42.399 because no one can say it properly, and so I'm 0:54:42.520 --> 0:54:45.760 just calling Tiffany it's Adochi, which. 0:54:45.600 --> 0:54:50.160 Is not that hard adote like, and so but. 0:54:50.160 --> 0:54:53.360 Yeah, I think that it's so representation in this space 0:54:53.560 --> 0:54:57.960 is so important because it means that everyone gets to learn, 0:54:58.239 --> 0:55:01.840 everyone gets to have a say, and everyone gets to 0:55:02.000 --> 0:55:03.520 like to reach and being powered. 0:55:03.640 --> 0:55:06.560 So no, we just really thank you. 0:55:05.800 --> 0:55:07.640 No, thank you guys for having Thank you too for 0:55:07.680 --> 0:55:10.040 having me that it was. This is an amazing call 0:55:10.080 --> 0:55:12.840 and I love what you two are doing. This is 0:55:12.840 --> 0:55:17.360 a much needed financial education is so needed, especially. 0:55:17.000 --> 0:55:17.759 Now more than ever. 0:55:17.840 --> 0:55:22.160 I mean, our whole kind of society, our whole educational 0:55:22.200 --> 0:55:24.879 system is good. But at the end of the day, 0:55:25.000 --> 0:55:27.480 if you do not know how to manage and master 0:55:27.600 --> 0:55:31.200 your money, doesn't matter what you do. You know, if 0:55:31.800 --> 0:55:33.200 you can have the best job in the world, but 0:55:33.239 --> 0:55:36.600 if you're struggling to pay your bills, you are it's 0:55:36.680 --> 0:55:38.320 just not you know, you're not fully there. 0:55:38.800 --> 0:55:41.640 Yeah, well, just breed, thank you so much for coming on. 0:55:41.719 --> 0:55:45.880 B a minority mindset, the minority mindset dot com folks 0:55:45.960 --> 0:55:49.560 find him on YouTube subscribe right now, and you also 0:55:49.600 --> 0:55:52.160 have a great insta. Yes, is that the minority mindset too? 0:55:52.200 --> 0:55:54.000 It is in this minority mindset. 0:55:54.239 --> 0:55:57.040 Yeah, and real quick for our final question, if I 0:55:57.040 --> 0:55:58.560 can just call it the final question. I don't know, 0:55:58.600 --> 0:56:00.000 Tiffany might want to talk to you for like. 0:56:00.120 --> 0:56:04.640 No, no, no, no hours, I've done enough. I've done enough, but. 0:56:04.880 --> 0:56:08.799 I have you know, we talk about success and investing 0:56:08.800 --> 0:56:11.040 in all these things, but you know, what's your long 0:56:11.200 --> 0:56:14.279 what's your happy like? What's your picture of yourself in 0:56:14.320 --> 0:56:16.440 the future twenty thirty years on the line. What does 0:56:16.520 --> 0:56:18.120 just bret and retirement look like? And what are you 0:56:18.200 --> 0:56:18.840 working toward? 0:56:19.440 --> 0:56:23.319 Uh? Well, continuing working in this financial space. I love. 0:56:23.440 --> 0:56:26.800 I love the financial space, but also I'm really interested 0:56:26.840 --> 0:56:29.719 in the venture capital space. I love working with entrepreneurs. 0:56:30.120 --> 0:56:32.399 So maybe something kind of a blend between the two, 0:56:32.440 --> 0:56:37.680 working with entrepreneurs, helping fund entrepreneurs fuel their dreams and 0:56:37.960 --> 0:56:40.800 kind of working with them too, So something in that space. 0:56:41.400 --> 0:56:41.880 I love that. 0:56:42.040 --> 0:56:44.120 Okay, so one day we'll get those socks, but maybe 0:56:44.120 --> 0:56:48.520 someone will. Yes, exactly, it's your VC funding, all right, 0:56:48.600 --> 0:56:51.520 Jeff Free, Thank you so so much. Y'all go follow 0:56:51.640 --> 0:56:53.000 Just Free the minority mindset. 0:56:53.120 --> 0:56:53.960 Thank you so much. 0:57:11.800 --> 0:57:13.399 Manda, I had need to call drink. 0:57:14.440 --> 0:57:19.360 How you got that speed stick somewhere nearby? 0:57:20.600 --> 0:57:23.880 Honestly, yeah, this is yes, I do. 0:57:24.080 --> 0:57:26.880 He's just like, like I said, to find somebody who 0:57:26.920 --> 0:57:28.480 it's like, I feel like Jeff Brie is like the 0:57:28.480 --> 0:57:29.200 budget nes Stowe. 0:57:30.560 --> 0:57:34.480 Yeah, the budget Stow. Oh that's funny. Yes, I mean, 0:57:35.080 --> 0:57:38.680 and it's you know, the fact that he focuses on 0:57:38.720 --> 0:57:40.520 the mindset is great because I feel like we talk 0:57:40.560 --> 0:57:43.000 about that a lot. Just how you know, what's holding 0:57:43.080 --> 0:57:45.440 us back is really the knowledge, access to the knowledge, 0:57:45.480 --> 0:57:48.440 and then understanding how to you know, move forward with 0:57:48.480 --> 0:57:50.320 that knowledge in mind and not let your emotions kind 0:57:50.320 --> 0:57:52.920 of get in the way. But yeah, I love him. 0:57:52.960 --> 0:57:56.200 You guys got to check out just brit the minority mindset, 0:57:56.240 --> 0:57:58.440 and I feel like look out for Tiffany and just 0:57:58.480 --> 0:58:02.400 Breeds co authored book Coming Forthcoming. I don't know, I 0:58:02.400 --> 0:58:02.720 feel like. 0:58:04.760 --> 0:58:06.600 A party, we can to do something, even if it's 0:58:06.640 --> 0:58:09.560 just alive or something, because I just feel like that 0:58:09.720 --> 0:58:11.480 Dreamcatchers need to get to know Jaspery. 0:58:11.880 --> 0:58:14.800 I feel like, dare I say they will? But I'm 0:58:14.840 --> 0:58:16.440 right to round out the show. Do you want to 0:58:16.440 --> 0:58:17.880 do a quick brown boost brown break? 0:58:19.640 --> 0:58:21.960 Well, I'm not gonna lie. 0:58:22.120 --> 0:58:24.360 I am not well you know what, No, I do 0:58:24.440 --> 0:58:27.680 want to do a brown unfortunately, a brown break. 0:58:27.720 --> 0:58:30.840 I hate to bring bring down the good times, but. 0:58:30.920 --> 0:58:33.320 Bring us bring us up, don't worry and no good. 0:58:33.600 --> 0:58:38.520 Because I was on the IG and someone had posted, 0:58:38.600 --> 0:58:41.959 I'm like, is this real life where our current administration 0:58:42.760 --> 0:58:48.640 has these banned federal agencies from conducting racial sensitivity training 0:58:49.040 --> 0:58:53.680 related to white privilege and criminal race theory that he 0:58:53.840 --> 0:58:58.120 feels that it's divisive and anti American propaganda. Can you imagine? 0:58:58.840 --> 0:59:02.480 And I just I was like, we are living in 0:59:02.640 --> 0:59:07.680 like really scary times. And when I saw that, I 0:59:07.800 --> 0:59:10.720 was like, oh my god. And so I'm just telling people, like, honestly, 0:59:11.240 --> 0:59:13.240 please do not take your vote for granted. We need 0:59:13.280 --> 0:59:16.160 you to vote. We need you to submit your you know, 0:59:16.280 --> 0:59:18.960 your your your ballad via mail or go and line 0:59:19.040 --> 0:59:19.520 up to vote. 0:59:19.560 --> 0:59:21.800 I mean, I just we can't live like this and 0:59:21.880 --> 0:59:25.800 don't just vote. Consider becoming a poll worker. It's extremely easy. 0:59:25.840 --> 0:59:28.080 And the I just signed up. I sent them like 0:59:28.080 --> 0:59:29.680 an email every day like please, I want to be 0:59:29.680 --> 0:59:32.000 a pollworker in New York. You submit an email to 0:59:32.240 --> 0:59:35.240 you know, your local Board of Elections or whatnot, and 0:59:35.360 --> 0:59:37.720 it's all you do is like one short training I 0:59:37.720 --> 0:59:40.400 feel like maybe an in person or virtual training, and 0:59:40.600 --> 0:59:42.400 you actually get paid for it. I don't know how 0:59:42.440 --> 0:59:44.360 much it is everywhere, but in New York it's three 0:59:44.440 --> 0:59:47.000 hundred and fifty dollars for the day. I was a 0:59:47.000 --> 0:59:49.440 little bit gutted though, because I actually can't do it. 0:59:49.480 --> 0:59:52.200 And here's why. They require you to stand up and 0:59:52.320 --> 0:59:55.520 work from five am until after the polls closed, which 0:59:55.520 --> 0:59:59.919 here in New York is nine pm exactly, Like where 1:00:00.400 --> 1:00:02.520 do I bring the baby and just feed him? Like 1:00:02.560 --> 1:00:05.640 at the pole's what's happening. It's impossible for me so 1:00:05.720 --> 1:00:09.200 and I understand, but I really was desperate to work 1:00:09.240 --> 1:00:12.000 as a poll worker because there's a shortage because with COVID, 1:00:12.320 --> 1:00:14.680 you know, because of the hours. And now I understand this. 1:00:14.800 --> 1:00:16.600 A lot of the people who are poll workers are 1:00:16.640 --> 1:00:19.600 older and they are not coming out in droves like 1:00:19.600 --> 1:00:21.960 they usually do because they're afraid of catching COVID. Who 1:00:22.040 --> 1:00:24.600 can blame them, But that just means we need people 1:00:24.640 --> 1:00:27.080 to work as poll workers. So if you're available and 1:00:27.440 --> 1:00:29.160 if you can work those hours. Maybe it's not that 1:00:29.200 --> 1:00:32.080 way everywhere, but I was genuinely shocked, and I even 1:00:32.120 --> 1:00:36.600 emailed her back, say five am to nine to win. No, 1:00:36.680 --> 1:00:38.240 they don't letch. They wouldn't let me do like a 1:00:38.240 --> 1:00:40.880 short shift or whatever. So I'm super bummed that I 1:00:40.920 --> 1:00:43.840 can't be a poll worker. But if you can show up, 1:00:43.880 --> 1:00:46.160 and here's why it matters. This summer when we were 1:00:46.280 --> 1:00:49.160 it was a primaries here in our in our area, 1:00:49.480 --> 1:00:52.040 the line for the polls was insane. My husband went 1:00:52.080 --> 1:00:54.080 out there for four or five hours standing and that's 1:00:54.120 --> 1:00:57.000 because due to the shortage of poll workers, they have 1:00:57.120 --> 1:00:59.680 decreased the number of polling locations. So we went from 1:00:59.680 --> 1:01:02.800 like places to vote to five, and that means people 1:01:02.800 --> 1:01:04.800 are like if people have to wait in that long line, 1:01:04.840 --> 1:01:06.920 if they have babies at home, like I did, I 1:01:06.920 --> 1:01:08.760 had to go home to my child. I didn't vote 1:01:08.760 --> 1:01:11.720 in the primary. I don't want that to happen. So 1:01:11.840 --> 1:01:15.320 if you can show up, volunteer work as a pollwork 1:01:15.360 --> 1:01:17.920 or whatever you can and help make sure people are 1:01:18.120 --> 1:01:20.560 able to cast their vote. And if you if you 1:01:20.600 --> 1:01:22.760 can't do that, at least tell people that they can 1:01:22.840 --> 1:01:26.400 vote early and help them, you know, figure all that out. 1:01:26.440 --> 1:01:28.560 Just google your state vote early and figure out how 1:01:28.560 --> 1:01:29.360 to request about it. 1:01:29.920 --> 1:01:34.080 Exactly, exactly exactly. I haven't done that in a while. 1:01:34.080 --> 1:01:36.120 Shout out to Manuel, my husband, sister's husband. 1:01:37.400 --> 1:01:41.000 Yeah, no, I think that hot child. I mean, I'm 1:01:41.000 --> 1:01:41.400 not gonna lie. 1:01:41.440 --> 1:01:44.760 There's a lot of stress bubbling, but I am hopeful 1:01:44.840 --> 1:01:47.040 that we will pull through and we will be okay. 1:01:47.520 --> 1:01:49.479 Just got to now it till the third of November, y'all. 1:01:50.000 --> 1:01:52.640 Exactly. I mean, we had death freedom, so I mean, 1:01:52.680 --> 1:01:55.360 I think we can make it happen regardless of what happened? 1:01:55.560 --> 1:01:57.720 You know, folks like just freak give me hope for 1:01:57.800 --> 1:02:00.640 the future. Yes, yes, you know if but but still 1:02:00.680 --> 1:02:02.200 can we vote though? Can we get this wile out 1:02:02.240 --> 1:02:04.560 of office? That'll be nice exactly. 1:02:04.720 --> 1:02:07.160 All right, Well, I I'll do my brown boost will 1:02:07.200 --> 1:02:09.360 one big brown boost to anyone who's working the polls 1:02:09.360 --> 1:02:12.280 this year, but also brown boost prom boost to Tia 1:02:12.280 --> 1:02:14.560 and to Mary t Marra Mawori. Can we just talk 1:02:14.600 --> 1:02:17.040 about Sister Sister for one second, which is on Netflix, 1:02:17.080 --> 1:02:21.320 Please enjoy it. That show is still so good, like 1:02:21.520 --> 1:02:25.000 twenty something years later. I can't believe how hilarious. 1:02:25.080 --> 1:02:26.400 Come on, go home. 1:02:29.520 --> 1:02:33.240 Oh man, I just am so so good. The writing 1:02:33.320 --> 1:02:38.640 is so on point Jackie Jackie, Yes, Harry, yup Harry, 1:02:38.840 --> 1:02:42.200 and then Tim Reid and then Marquise Houston or Marquez. 1:02:42.240 --> 1:02:43.840 I don't know how you say his name, but whatever. 1:02:43.600 --> 1:02:46.440 Ill Marcus, super simple Marcus. 1:02:46.520 --> 1:02:47.360 It's not mars. 1:02:48.000 --> 1:02:51.760 That's how he spells. I know that's it's very but. 1:02:51.800 --> 1:02:55.400 It's more hilarious. There's so funny, and this is the show. 1:02:55.440 --> 1:02:57.880 I'm just like, man, I miss black TV. I'm glad 1:02:57.920 --> 1:03:00.680 that shows like this. I feels like if like Netflix 1:03:00.720 --> 1:03:02.800 is going out of its way to put more black 1:03:03.720 --> 1:03:06.240 you know, black led shows on their on their platform, 1:03:06.280 --> 1:03:09.120 which is you know, why did I till now? But whatever, 1:03:09.120 --> 1:03:11.920 they're doing it now. So I just if you haven't, 1:03:11.960 --> 1:03:13.720 if you want to go back to your to your youth, 1:03:13.760 --> 1:03:16.080 go watch sister Sister. I promise you will not regret it. 1:03:16.080 --> 1:03:17.640 It's still and. 1:03:17.920 --> 1:03:21.640 Alice, You'll mil the sister sister. I haven't knew how 1:03:21.720 --> 1:03:22.600 much I missed you. 1:03:24.480 --> 1:03:26.680 I'm trying to wait till their colle till they go 1:03:26.720 --> 1:03:29.439 to college, because that's when they did the new theme 1:03:29.480 --> 1:03:31.760 song and it was like sexy and grown up and stuff. 1:03:32.400 --> 1:03:33.040 Yeah. 1:03:33.040 --> 1:03:35.320 I am my own time, on my own time, all right, 1:03:35.560 --> 1:03:36.760 I gotta go, I really am. 1:03:37.320 --> 1:03:40.360 Okay, all right, So what episode number is this? 1:03:40.360 --> 1:03:43.280 This is well, okay, this is two thirty three, y'all. 1:03:43.440 --> 1:03:47.240 Two thirty three okay, which is insane. We've done over 1:03:47.280 --> 1:03:48.320 two hundred shows. 1:03:48.680 --> 1:03:49.360 That's crazy. 1:03:49.680 --> 1:03:52.960 All right, y'all, Well catch us next week. Enjoy or 1:03:53.000 --> 1:03:55.080 interview with Jess Breed. Let us know how you feel 1:03:55.080 --> 1:03:58.280 about it. Leave us a comment on iTunes, leave us 1:03:58.280 --> 1:04:01.440 a review, Hit us up on Instagram. We're at the 1:04:01.440 --> 1:04:04.960 Brown Ambition podcast on Instagram, or you can email us 1:04:05.040 --> 1:04:08.040 at wait what What's our email? At the BA Podcast 1:04:08.040 --> 1:04:09.160 at gmail dot com. 1:04:09.320 --> 1:04:11.600 Yes, so he can tag me like directly at the 1:04:11.640 --> 1:04:13.640 budget ee step. You're like, girl, you was fanning out. 1:04:13.640 --> 1:04:16.520 I'm okay with it, supermanos, I'm okay with it. 1:04:16.840 --> 1:04:18.560 He was fine with it. Who doesn't want to be 1:04:18.600 --> 1:04:20.720 fond over by your budget need staff