WEBVTT - BA Q&A: De-Riskify Your Choices 0:00:04.440 --> 0:00:08.440 It's time for the b a q a a b 0:00:08.720 --> 0:00:11.959 a q a What to say to a q a 0:00:12.240 --> 0:00:15.520 man the b a q with tippin day to b 0:00:15.800 --> 0:00:20.360 a q a a. I have not been able to 0:00:20.400 --> 0:00:23.880 say manday and tipping day a law, but I will 0:00:23.920 --> 0:00:27.479 say somehow the universe worked it out that everybody's name rhymed. 0:00:27.520 --> 0:00:28.400 I was a look at that. 0:00:29.000 --> 0:00:31.920 I mean, it rhymes the regular way you pronounce it, 0:00:31.960 --> 0:00:34.640 and it rhymes the incorrect way that you pronounce. 0:00:34.320 --> 0:00:40.840 Its dancery up in here we just gonna make up right. 0:00:41.120 --> 0:00:44.880 Okay, shout out to Mary j Okay b a fan. 0:00:45.000 --> 0:00:47.839 We are here for your questions. Remember, bring out yourself shakers, 0:00:47.840 --> 0:00:50.440 shake them up because we are not your best you 0:00:50.479 --> 0:00:53.120 know accountants. We are not your best financial advisors, were 0:00:53.159 --> 0:00:55.800 your best brown ambition pals in your head. Okay, So 0:00:55.840 --> 0:01:00.360 we're giving you some light advice, some guidance, some id is, 0:01:00.400 --> 0:01:02.680 but don't come for us and sue us. Okay, so 0:01:02.800 --> 0:01:06.480 take everything with some grains of salt. But if you 0:01:06.520 --> 0:01:08.680 want to submit a question to the show, you know 0:01:08.680 --> 0:01:11.200 how to do it. Go to Brandnambission podcast dot com 0:01:11.240 --> 0:01:13.680 and click ask us anything. You can also just hit 0:01:13.760 --> 0:01:17.640 us up directly dm us on ig at Brandabission podcast 0:01:18.080 --> 0:01:21.480 and we love to get your questions. What have we 0:01:21.480 --> 0:01:22.560 got in the mail bag today? 0:01:22.560 --> 0:01:25.800 Tiff Well, I someone slim into my personal DMS as 0:01:25.800 --> 0:01:28.880 a Budjanista, which I welcome you, but ideally signed to 0:01:29.000 --> 0:01:33.319 to BA the bisson DM. So Liz asked a question. 0:01:33.480 --> 0:01:38.080 She said, Hey, girl, girls, what are your thoughts on 0:01:38.080 --> 0:01:41.560 one buying a property with a domestic partner? What are 0:01:41.600 --> 0:01:44.240 the legal implication. 0:01:45.520 --> 0:01:49.840 Domestic partner? So the term domestic partner to me, my 0:01:49.880 --> 0:01:52.880 first question is like does it vary by state what 0:01:53.080 --> 0:01:56.640 rights you may have as a domestic partner. Yeah, so 0:01:56.720 --> 0:01:59.520 my first question or my first thing is I would 0:01:59.560 --> 0:02:02.320 check with your state what rights does that domestic partner 0:02:02.360 --> 0:02:06.600 have in terms of if the relationship goes sideways to 0:02:07.120 --> 0:02:11.320 whatever property you guys obtain, you know, during your relationship, 0:02:11.520 --> 0:02:14.760 because if you're an official domestic partnership, which used to 0:02:14.800 --> 0:02:17.240 be a thing, especially for same sex couples, that used 0:02:17.240 --> 0:02:19.800 to be the only way you could be partnered, you 0:02:19.840 --> 0:02:25.000 know legally. Now gay marriage is legal. So yeah, that's 0:02:25.000 --> 0:02:29.040 my first question. What else should they consider it? TIF? 0:02:29.280 --> 0:02:32.200 Honestly, like you should consider obviously you want to consider 0:02:32.240 --> 0:02:35.919 like your finances like child how like what's the down payment? Looking? 0:02:36.000 --> 0:02:37.720 Like how we pay the mortgage? You want to flush 0:02:37.720 --> 0:02:39.840 out all these things ahead of time, like what is 0:02:39.880 --> 0:02:43.960 everybody's credit score? What happens if somebody can't afford their payment? 0:02:44.720 --> 0:02:47.560 How much debt do you both like both feel comfortable 0:02:47.639 --> 0:02:49.840 taking out? Like to me, those are probably the things 0:02:49.840 --> 0:02:53.240 you're probably already thinking about. But even still, like because 0:02:53.280 --> 0:02:57.280 you're unmarried, you might have to apply for the mortgage separately, 0:02:57.720 --> 0:03:00.959 like you know, like because they're it depends on your state. 0:03:01.000 --> 0:03:02.800 Your state might have something where you can apply as 0:03:02.800 --> 0:03:05.280 a domestic partner. But like so I'll give you example. 0:03:05.280 --> 0:03:07.919 Although Darrell and I were married when we we bought 0:03:08.680 --> 0:03:10.600 the house that Terrell has now since brought for me, 0:03:11.080 --> 0:03:13.200 But because we brought it from the city, they said 0:03:13.240 --> 0:03:15.359 only one of us for whatever reason, there was a 0:03:16.120 --> 0:03:19.160 tax lean or tax deed, only one of us could 0:03:19.240 --> 0:03:21.320 be on the deed, like could purchase the property. They 0:03:21.320 --> 0:03:23.320 didn't allow two people, which was weird even though we 0:03:23.320 --> 0:03:26.960 were married. And as a result of us doing that, 0:03:27.040 --> 0:03:29.800 I forgot to add myself to the d later and 0:03:29.840 --> 0:03:33.000 then when he passed away, it was a struggle like 0:03:33.160 --> 0:03:35.600 it is my property, you know, along with alyssa. But 0:03:35.680 --> 0:03:39.480 still you know, so that's something too, like okay, how 0:03:39.600 --> 0:03:41.880 if you're asking about the legal part, like if one 0:03:41.880 --> 0:03:47.040 person has to apply, how are you going to choose ownership? 0:03:47.040 --> 0:03:50.040 That's probably the most important there are. There are different 0:03:50.080 --> 0:03:52.960 types of ownership options for unmarried couple, like I'm just 0:03:52.960 --> 0:03:56.240 looking it up real quick. One is called joint tenancy, 0:03:57.040 --> 0:03:59.200 and so that's where there's multiple owners and they own 0:03:59.320 --> 0:04:02.480 they own an equal will share in the home, and 0:04:02.520 --> 0:04:04.200 so it just means they all have equal rights to 0:04:04.240 --> 0:04:08.560 the property and there's right to survivorship. So that way, 0:04:08.600 --> 0:04:11.360 if one owner passes away, their home is transferred to 0:04:11.440 --> 0:04:15.400 the other. So joint tenancy is one. There's tenancy in common. 0:04:15.520 --> 0:04:18.200 This is the second one. This is when each person 0:04:19.880 --> 0:04:22.880 that this is the type of ownership where each person 0:04:22.920 --> 0:04:25.600 on the deed owns a specific percentage of the home. 0:04:26.080 --> 0:04:29.360 And so say for example, you and your your domestic partner, 0:04:29.440 --> 0:04:31.640 you put down more money than them, and you kind 0:04:31.640 --> 0:04:33.600 of feel like, well, I put that like seventy percent, 0:04:33.839 --> 0:04:35.599 So I want to own seventy percent of the home 0:04:35.600 --> 0:04:38.400 and I'm paying seventy percent of the mortgage. So with tenancy, 0:04:38.400 --> 0:04:40.520 a common you can say you own thirty percent, I 0:04:40.560 --> 0:04:46.440 own seventy percent, but then too they can still this. 0:04:46.440 --> 0:04:49.760 This ownership is not automatically transferred if somebody passes away, 0:04:49.960 --> 0:04:51.440 so you just have to be mindful of that, Like 0:04:51.480 --> 0:04:53.680 what will happen to your partner if something happens to you? 0:04:54.240 --> 0:04:56.560 And go ahead real quick? 0:04:56.600 --> 0:04:59.840 So where would you like what professional would it be? 0:04:59.880 --> 0:05:02.479 A real estate attorney? You would draft up like an 0:05:02.560 --> 0:05:06.040 ownership agreement? Because I remember I researched this for an 0:05:06.120 --> 0:05:08.960 article I wrote like probably a decade ago for y'allhoo finance, 0:05:09.080 --> 0:05:10.880 for how to buy a house with friends, because my 0:05:10.920 --> 0:05:13.960 friends and I were seriously we were so cute and 0:05:14.000 --> 0:05:16.080 thinking about buying a home all together. We're going to 0:05:16.160 --> 0:05:16.920 be friends forever. 0:05:19.400 --> 0:05:20.040 What are their names? 0:05:20.040 --> 0:05:25.160 Anyway, just kidding and anyway, so I wrote it was 0:05:25.200 --> 0:05:27.119 it was fascinating, but like I think at the time, 0:05:27.160 --> 0:05:29.880 it was, you know, get with a real estate attorney 0:05:29.920 --> 0:05:32.400 and at least draft up like a legal document so 0:05:32.440 --> 0:05:35.040 that you guys have everything written now, same as you 0:05:35.080 --> 0:05:37.360 and I sort of as a partnership, we wrote we 0:05:38.040 --> 0:05:40.240 wrote up our ownership agreement. We are a fifty to 0:05:40.240 --> 0:05:43.120 fifty partners here's what happens if so and so wants 0:05:43.160 --> 0:05:46.200 to leave, et cetera. But something similar for a domestic 0:05:46.240 --> 0:05:47.359 partnership as well. 0:05:47.680 --> 0:05:51.040 My absolutely, and especially if you're going to choose something 0:05:51.240 --> 0:05:53.359 like one of these ones and the last one is 0:05:53.360 --> 0:05:57.280 just sole ownership with one person owns and then but 0:05:57.400 --> 0:05:59.960 obviously that's not as ideal because it's like if you're 0:06:00.080 --> 0:06:02.640 not on the deed, but if you're not helping to 0:06:02.680 --> 0:06:04.920 pay expenses, maybe they're just kind of like living with you. 0:06:05.200 --> 0:06:08.240 But to Mandy's point, it's so important to sign. It's 0:06:08.240 --> 0:06:12.480 called a cohabitation agreement property agreement. Yeah, like what we're 0:06:12.480 --> 0:06:16.880 gonna do we're living together, and it just you want 0:06:16.880 --> 0:06:18.560 to think about everything, like you want to play out 0:06:18.600 --> 0:06:22.320 the scenarios, like what happens if you pass away, how 0:06:22.400 --> 0:06:25.640 will you sell it? If you decide to sell, who's 0:06:25.680 --> 0:06:29.400 paying the mortgage, who's responsible for what? Can you rent 0:06:29.440 --> 0:06:31.400 out your room? You want to think about all these 0:06:31.440 --> 0:06:33.760 things and you sit down with an attorney to create 0:06:33.800 --> 0:06:38.919 this agreement. And my one of my attorneys, orensea Ouga, 0:06:39.040 --> 0:06:40.640 shout out to you, hey, are he listens? 0:06:40.680 --> 0:06:41.120 Sometimes. 0:06:42.040 --> 0:06:44.159 I remember when I was doing my partnership agreement with 0:06:44.200 --> 0:06:47.839 my partner, at the time. My business partner Jabrill, he 0:06:48.120 --> 0:06:51.159 was like, it is ideal to create these partnerships when 0:06:51.160 --> 0:06:54.760 things are great, because one day, one day they might 0:06:54.800 --> 0:06:58.800 not be. And when they're not, you know, it's going 0:06:58.880 --> 0:07:01.040 to be very difficult to find like a common ground 0:07:01.080 --> 0:07:03.000 and then you're gonna have to do what the agreement said, 0:07:03.400 --> 0:07:06.359 and so you want to dig into the nitty gritty 0:07:06.360 --> 0:07:08.160 of it all if you decide to do that that way, 0:07:08.200 --> 0:07:11.200 if something does happen you break up, it's like, well, 0:07:11.480 --> 0:07:15.160 the agreement says I take half. You can pull out 0:07:15.160 --> 0:07:18.560 the equity and give me half. You can sell whatever 0:07:18.600 --> 0:07:20.600 that looks like. Because sometimes like even in business, it's 0:07:20.600 --> 0:07:22.600 like if we break up, you have to sell the company. 0:07:22.600 --> 0:07:24.600 That could be in your agreement, but you want to 0:07:24.600 --> 0:07:27.080 agree to that ahead of time, so you know, it's 0:07:27.120 --> 0:07:29.880 a little more complicated, but it's not impossible. People aren't 0:07:29.880 --> 0:07:31.320 doing it, but you want to make sure you do 0:07:31.360 --> 0:07:34.080 it in a way that you think of. Unfortunately, if 0:07:34.080 --> 0:07:35.920 something doesn't work out, this is what we're gonna do. 0:07:36.800 --> 0:07:38.160 Yeah, for sure, I. 0:07:38.800 --> 0:07:41.080 Know you're married, but would you ever consider like purchasing, 0:07:41.480 --> 0:07:43.520 like could you see yourself personally home with like you. 0:07:43.480 --> 0:07:46.240 Know, it's someone I wasn't. Yeah, I mean, I think 0:07:46.280 --> 0:07:49.880 domestic partnership is basically like we are a partner, like 0:07:49.960 --> 0:07:53.640 marriage is, I don't know, more biblical whatever. I feel 0:07:53.680 --> 0:07:55.760 like it's similar in terms of the commitment to one another. 0:07:55.840 --> 0:07:58.480 So yeah, absolutely, and I think that, you know, I've 0:07:58.480 --> 0:08:01.960 got a relative of mine who built a house and 0:08:02.840 --> 0:08:05.040 was you know, in their late twenties early thirties, and 0:08:05.080 --> 0:08:09.960 had a girlfriend, and together they decided that, you know, 0:08:10.440 --> 0:08:13.320 she wasn't going to be put on the mortgage. He 0:08:13.360 --> 0:08:15.640 did that himself. There was a big disparity in income, 0:08:16.800 --> 0:08:18.640 and also the way that he was paying for it 0:08:18.680 --> 0:08:20.480 was just kind of like messy, and they were all 0:08:20.520 --> 0:08:22.440 it took a long time to build the house, so 0:08:22.480 --> 0:08:25.920 the relationship was also like maturing. You know. They weren't 0:08:25.920 --> 0:08:28.680 talking about marriage yet or things like that, but they 0:08:28.720 --> 0:08:32.079 wanted to live together. So for now, she's not going 0:08:32.120 --> 0:08:35.040 to be listed on the mortgage, even though she's paying 0:08:35.280 --> 0:08:40.600 effectively rent paying part of the mortgage. However, they are discussing, like, 0:08:40.960 --> 0:08:43.320 you know, we're going to keep tabs of how much 0:08:43.400 --> 0:08:46.880 she's putting in and then determine some sort of like 0:08:47.000 --> 0:08:49.760 ownership stake that she'll have and then that'll you know, 0:08:49.800 --> 0:08:52.520 they can do that later. And I think for her 0:08:52.520 --> 0:08:56.480 own protection, especially if there's like an income disparity, I 0:08:56.520 --> 0:08:59.360 think it's only fair. You know, she's contributing and she's 0:08:59.400 --> 0:09:01.240 your partners, so they should. I think, if you have 0:09:01.280 --> 0:09:03.560 an income disparity, just don't be afraid to advocate for 0:09:03.600 --> 0:09:07.280 yourself and research what your options are so that if 0:09:07.320 --> 0:09:10.040 something goes sideways, you're not out in the cold with 0:09:10.200 --> 0:09:13.240 nothing to show for what you've invested or what you've 0:09:13.240 --> 0:09:14.920 poured into making that home a home. 0:09:15.200 --> 0:09:17.560 Yeah, So that sounds like the tendency in common, Like 0:09:17.600 --> 0:09:19.640 if one purchase and praise more, it's like you can 0:09:19.720 --> 0:09:22.880 literally say, okay, according to this, you know, twenty percent 0:09:22.880 --> 0:09:25.800 of the home is yours. Yeah, exactly. A results if 0:09:25.840 --> 0:09:28.480 we break up, you know, there's two options. We can 0:09:28.520 --> 0:09:30.200 sell and give you twenty percent, or I can just 0:09:30.200 --> 0:09:32.280 pull on equity and give you twenty percent. You know, like, 0:09:32.360 --> 0:09:33.640 so that's okay, that's good. 0:09:34.559 --> 0:09:38.520 Exactly exactly. We'll find out. I'm ready to buy another 0:09:38.640 --> 0:09:44.280 property's care, but I'm emotionally tied to this one. I 0:09:44.360 --> 0:09:45.920 don't know if I want to sell it or just 0:09:45.960 --> 0:09:47.520 front it out. I think this would be a great 0:09:47.520 --> 0:09:48.200 rental property. 0:09:48.280 --> 0:09:49.320 Yeah, your house is great. 0:09:50.960 --> 0:09:54.040 So we'll see. But I'm itching. My husband's itching for 0:09:54.080 --> 0:09:56.320 a rolex and I'm itching for a property. We'll see 0:09:56.320 --> 0:09:56.920 who wins. 0:09:57.120 --> 0:09:59.360 We didn't have a talk about girl. I have gone 0:09:59.400 --> 0:10:02.440 down the thing watch lane. You know me, I like 0:10:02.480 --> 0:10:05.320 some random like learnings, you know, okay, yeah, and so 0:10:05.520 --> 0:10:07.320 like I don't know, I just watched like random YouTube 0:10:07.360 --> 0:10:10.640 like documentaries about random things like hmm, the effects of 0:10:10.720 --> 0:10:14.160 plastic surgery on the healthcare. You know, like literally, I'll 0:10:14.160 --> 0:10:17.880 just say say, lately, there's like I didn't really understand 0:10:18.280 --> 0:10:21.920 watch culture for men because the last thing that I 0:10:21.960 --> 0:10:25.000 just wore the deep down rabbit hole about was luxury 0:10:25.000 --> 0:10:27.480 handbags for like, you know, women, and like you know 0:10:27.559 --> 0:10:29.920 how Burkin bags could be like fifty thousand miles sixty 0:10:30.080 --> 0:10:32.679 some crazy amount, ten thousand whatever, and so just learning 0:10:32.720 --> 0:10:34.520 about that and I was like wow, And even how 0:10:35.000 --> 0:10:37.040 Ermaz who makes burk and bags and Kellyes and things 0:10:37.040 --> 0:10:40.480 like that, that they have their marketing is top tier. 0:10:40.520 --> 0:10:42.920 If I tell you, oh, child, that do you know 0:10:42.960 --> 0:10:45.760 that in order to be offered to buy a bag 0:10:46.440 --> 0:10:49.560 for many people, you have to pre buy other Chotskis 0:10:49.640 --> 0:10:52.320 for thousands of dollars before they keep making even an 0:10:52.400 --> 0:10:54.720 offer for a bag that might not even be exactly 0:10:54.800 --> 0:10:56.680 what you want. You might you might go to Urmas 0:10:56.720 --> 0:10:57.959 and say I'm going to buy a scar for four 0:10:58.040 --> 0:11:01.360 hundred dollars and I'm to put my name down for like, hey, 0:11:01.400 --> 0:11:04.679 I'm now a new or Mess customer. And ideally, if 0:11:04.720 --> 0:11:07.720 a if a black Burken bag with gold hardware comes 0:11:07.720 --> 0:11:09.840 on the market, I'd love to be offered. And they're like, 0:11:10.000 --> 0:11:13.199 we'll see what else did you buy? You know, and 0:11:13.280 --> 0:11:15.440 so like a million of my niece like whenever I 0:11:15.440 --> 0:11:17.440 do havething nice for her, she go, that's nice and 0:11:17.520 --> 0:11:22.040 what else? And so her message like that, it's like, 0:11:22.080 --> 0:11:23.960 oh I bought a scarf and what else? And I 0:11:24.000 --> 0:11:26.440 bought a card holder and what else? And I bought so, 0:11:26.520 --> 0:11:29.360 you know, you rack up your bills and then they're like, Mandy, lucky, 0:11:29.400 --> 0:11:32.640 you booboo. Your bad came in. You're like, oh my god, 0:11:32.800 --> 0:11:36.520 my black Burken with the gold hardware. No, you're Black 0:11:36.559 --> 0:11:39.760 Burken with the palladium hardware. You're like close enough here, 0:11:39.920 --> 0:11:42.079 fifteen thousand dollars. Can you imagine? 0:11:42.720 --> 0:11:46.520 It? Sounds like how Enrique described the Rolex business. To me, 0:11:46.800 --> 0:11:49.640 that's the gid in line to get the honor. That's 0:11:49.679 --> 0:11:51.800 why the secondhand market is so popping, Like. 0:11:51.800 --> 0:11:54.640 Yes, So I was like so I didn't know because 0:11:54.679 --> 0:11:57.480 I was like, how silly. And then I've gone down 0:11:57.480 --> 0:12:00.000 the rabbit hole of like the luxury watches, and it's 0:11:59.880 --> 0:12:03.040 the same. I said, you know these men, you know 0:12:03.160 --> 0:12:05.880 I'm not a luxury handbag girl, but these men will 0:12:05.920 --> 0:12:08.960 all talk about you women wasting your money on luxury handbags. 0:12:09.520 --> 0:12:12.080 Look how they got you. And the watch market is 0:12:12.200 --> 0:12:15.040 literally the same. You have to buy this, this and this, 0:12:15.240 --> 0:12:18.240 and maybe you get offered and maybe it's crazy. I 0:12:18.280 --> 0:12:21.480 didn't know how much power like it's the same as 0:12:21.520 --> 0:12:23.800 the bag thousands, Like oh. 0:12:23.800 --> 0:12:26.000 Down payment on a house, that's what I mean. So 0:12:26.080 --> 0:12:29.080 we gonna see who wins because the lady, we know, 0:12:29.240 --> 0:12:31.640 can I stretch out in that Can I tuck myself 0:12:31.640 --> 0:12:34.880 into that well? That put a roof over my children's head? 0:12:35.040 --> 0:12:35.800 Oh my God. 0:12:37.320 --> 0:12:40.960 For me and my my dreams. 0:12:41.000 --> 0:12:44.240 Maybe said that's what we gonna see who wins. It's 0:12:44.200 --> 0:12:47.280 just like how long before I win? How long before 0:12:47.320 --> 0:12:49.600 we're both gonna win? He's gonna get the Rolex I'm 0:12:49.600 --> 0:12:51.840 going to get the next house and an income property. 0:12:51.880 --> 0:12:54.360 It's just a matter of like who's gonna get it first. 0:12:54.440 --> 0:12:57.480 You know what I'm saying, That's all. What I've said 0:12:57.520 --> 0:13:00.760 so far is that I've I've manipulated this situation so 0:13:00.800 --> 0:13:03.560 that I've got him thinking anytime that we don't order 0:13:03.720 --> 0:13:06.040 out for dinner, he can put fifty bucks into his 0:13:06.160 --> 0:13:09.920 rolex savings account, which is helping me because homeboy needs 0:13:09.960 --> 0:13:13.080 to cook more and I'm sick of ordering out all 0:13:13.120 --> 0:13:15.600 the time. It's expensive, like seventy you were talking about 0:13:15.640 --> 0:13:18.720 tipping culture anyway, So I've got him saving more. 0:13:18.920 --> 0:13:24.040 Oh look at that. See you are use a real wife, girl, because. 0:13:24.480 --> 0:13:27.440 He goes toward the rolex were a downpat you. 0:13:27.480 --> 0:13:29.160 Fell it, my mama. You know you can tell you've 0:13:29.200 --> 0:13:31.000 been married for a while because like at the beginning, 0:13:31.080 --> 0:13:32.400 you know, when you're a new wife, you just be 0:13:32.400 --> 0:13:36.199 fussing like when you're old gee wife, You're like, how 0:13:36.200 --> 0:13:40.000 about this? How about every time girl look at me 0:13:40.040 --> 0:13:41.200 and be wifing it down. 0:13:43.000 --> 0:13:45.400 He's like, Wow, she really values what I value and 0:13:45.400 --> 0:13:46.920 she really respects my watch lug. 0:13:47.559 --> 0:13:50.640 It's like, chah, okay, just put that fifty hours up. 0:13:50.520 --> 0:13:52.240 So you can put whatever name you want on that 0:13:52.280 --> 0:13:57.840 ally savings account. Baby, money is money. Okay, to take 0:13:57.840 --> 0:14:00.360 a break in dow the next question. Okay, I was 0:14:00.440 --> 0:14:03.760 quite a tangent. I love it though. All right, BF 0:14:03.880 --> 0:14:10.880 will be right back with another one of your juicy questions. Okay, 0:14:10.960 --> 0:14:15.000 BA family are back with our second incredible question from 0:14:15.040 --> 0:14:18.440 one of our listeners. Actually a Mandy moneymaker who wants 0:14:18.440 --> 0:14:22.080 to remain anonymous, but slid into my email. So I 0:14:22.120 --> 0:14:22.440 got you. 0:14:23.120 --> 0:14:26.440 And then moneymaker. Let's call her. 0:14:27.280 --> 0:14:30.120 Hmm, let's just you always put me on the spot. 0:14:30.880 --> 0:14:41.160 Let's call her No, okay, because I'm like, let's her names? 0:14:41.520 --> 0:14:43.920 So I was looking at right, No, but guess. 0:14:43.760 --> 0:14:46.760 Too obvious girl like. Let her name is Tippy. Let's 0:14:46.760 --> 0:14:50.240 go her tip like girl out her boss. It's you ful, 0:14:50.560 --> 0:14:53.200 so Emani come that part. I'm af lose her whole job. 0:14:54.440 --> 0:15:01.359 All right, Let's call her marabel Ooh Marabelle. 0:15:01.360 --> 0:15:04.720 A little yeah, it's a little incanto action here, all right, 0:15:05.400 --> 0:15:10.040 Marrabelle says Mandy. Thank you for your awesome scripts that 0:15:10.080 --> 0:15:12.200 have been I think use as a guideline to ask 0:15:12.200 --> 0:15:14.880 for a raise. Unfortunately, I received word from the manager 0:15:14.920 --> 0:15:17.680 today that my request has been denied. Let me give 0:15:17.720 --> 0:15:20.400 you a little backstory. I'm a licensed practical nurse with 0:15:20.440 --> 0:15:23.600 a total medical professional background of over twenty years. I 0:15:23.680 --> 0:15:26.760 climb the educational ladder and work the subsequent jobs on 0:15:26.840 --> 0:15:30.240 the way up. I work in Virginia and I'm about 0:15:30.240 --> 0:15:32.280 thirty to forty five minutes away from the city of 0:15:32.360 --> 0:15:35.120 Virginia Beach. I'm forty eight years old, which puts me 0:15:35.160 --> 0:15:37.600 closer to my retirement years, and my one and only 0:15:37.680 --> 0:15:40.600 child just turned twenty one two weeks ago and is 0:15:40.680 --> 0:15:43.560 no longer at home. So my current career goal is 0:15:43.560 --> 0:15:46.760 to finish my bachelor's in Health science degree, but I 0:15:46.800 --> 0:15:48.560 don't know what I want to do with it just yet. 0:15:48.600 --> 0:15:50.640 I know the degree will allow me to stay in 0:15:50.680 --> 0:15:54.000 the medical field, but not necessarily tied down to just nursing. 0:15:54.520 --> 0:15:57.160 I have a strong desire to go into travel nursing, 0:15:57.280 --> 0:16:01.480 which will definitely increase my earnings potential. Something's holding me back, 0:16:01.520 --> 0:16:03.480 and I can't bring myself to quit the job I 0:16:03.520 --> 0:16:06.200 have and leave home. I've been with the company for 0:16:06.320 --> 0:16:09.560 ten years. I enjoyed my job just seventy five percent 0:16:09.600 --> 0:16:12.520 of the time. Stability is very important to me, and 0:16:12.560 --> 0:16:14.600 I don't want to have regrets thinking I should have 0:16:14.600 --> 0:16:17.120 stayed where I was at. As you can see, I 0:16:17.160 --> 0:16:19.880 didn't mention any other family. Both my parents have passed 0:16:19.920 --> 0:16:22.880 away and I'm divorced. This sounds like a really good 0:16:22.880 --> 0:16:25.000 email for brand ambition, Q and A. And I don't 0:16:25.000 --> 0:16:26.440 mind if you want to share it there, but keep 0:16:26.480 --> 0:16:30.520 me anonymous. I got you, Mariveelle, Okay, But I was 0:16:30.680 --> 0:16:35.280 fascinated by this question one because the trohole travel nursing 0:16:35.360 --> 0:16:39.600 thing became so lucrative. Maybe it always has been lucrative, 0:16:39.640 --> 0:16:43.080 but especially during the pandemic, A lot of medical lot 0:16:43.120 --> 0:16:47.280 of nurses actually got so burned out by the just 0:16:47.360 --> 0:16:50.520 the work environment during the pandemic, and travel nursing became 0:16:50.600 --> 0:16:53.400 this way out, like I can still do what I 0:16:53.440 --> 0:16:56.240 am trained to do. But if you have a flexible 0:16:56.360 --> 0:16:59.520 enough lifestyle, like you don't have, like this person, for example, 0:16:59.560 --> 0:17:02.120 be the perfect candidate. You don't have a child at 0:17:02.120 --> 0:17:04.720 home that you're caring for, no spouse, so you can 0:17:04.720 --> 0:17:07.760 get up and move excuse me, and go wherever you 0:17:07.800 --> 0:17:10.520 may be needed as a travel nurse. And these hospitals 0:17:10.560 --> 0:17:14.800 pay big money to have not just traveling nurses. One 0:17:14.800 --> 0:17:18.400 of my Mandy money makers is a general surgeon. She's 0:17:18.440 --> 0:17:20.959 making almost four hundred thousand dollars a year as a 0:17:20.960 --> 0:17:24.239 general surgeon in the South, and she tells me that 0:17:24.280 --> 0:17:27.639 there are she is on a team where there's traveling surgeons, 0:17:28.000 --> 0:17:32.399 like and they pay way more what for the traveling surgeons. 0:17:32.600 --> 0:17:34.920 That's her issue. She's like, I'm here, I'm being loyal. 0:17:34.960 --> 0:17:39.320 I'm getting paid peanuts compared to these traveling surgeons who 0:17:39.400 --> 0:17:41.359 you're more than happy to pay for like a six 0:17:41.400 --> 0:17:45.320 month contract to come in and swoop in and swoop out. Anyway, 0:17:45.400 --> 0:17:48.040 So I get what she's saying about the like earnings 0:17:48.040 --> 0:17:51.600 potential of you know, becoming a traveling nurse and the 0:17:51.600 --> 0:17:53.919 fact that she just asked for a raise using my 0:17:54.000 --> 0:17:59.600 negotiation scripts, but you know, got the request was denied. 0:17:59.800 --> 0:18:01.280 And one of this is one of the reasons why 0:18:01.400 --> 0:18:03.679 I like to push people just to ask the question, 0:18:04.160 --> 0:18:06.080 because if you're someone who's in a nine to five 0:18:06.119 --> 0:18:08.240 and you're like, man, you know, if I just keep 0:18:08.480 --> 0:18:10.120 you know, if I just stay here, I'll get that raise, 0:18:10.160 --> 0:18:13.120 I'll get this, and that if you ask, you'll find 0:18:13.160 --> 0:18:15.240 out a lot sooner than just waiting for them to 0:18:15.560 --> 0:18:17.600 you know, tell you or not tell you and then 0:18:17.680 --> 0:18:20.359 you can make it like an informed decision. So they've 0:18:20.400 --> 0:18:23.320 told you, with all your experience, twenty years in the business, 0:18:23.600 --> 0:18:26.760 with the ten years that you've given them, that your 0:18:26.800 --> 0:18:28.680 loyalty is not worth more to them than what they're 0:18:28.680 --> 0:18:30.720 paying you right now, Like they've told you that now. 0:18:30.800 --> 0:18:33.280 So I feel like you've got the information that you 0:18:33.400 --> 0:18:35.679 have that should make you feel a little bit freer 0:18:35.800 --> 0:18:39.679 to definitely make a move. You know, you enjoy your 0:18:39.760 --> 0:18:42.200 job seventy five percent of the time is a lot. 0:18:42.240 --> 0:18:44.879 I feel like that's like how much I think for 0:18:45.119 --> 0:18:47.639 a regular you know, working in nine to five, Like, 0:18:47.720 --> 0:18:49.480 how many of you can say you enjoy your job 0:18:49.520 --> 0:18:51.960 three fourths of the times? That's pretty good. 0:18:53.359 --> 0:18:54.719 But what do you like? 0:18:54.760 --> 0:18:58.600 What is it about the stability that you're craving And 0:18:58.760 --> 0:19:02.200 how can you create that sense of stability in your 0:19:02.280 --> 0:19:05.160 new chapter? You know, whether it's at a traveling nurse 0:19:05.200 --> 0:19:08.280 or somewhere else, you have to think of yourself as 0:19:08.320 --> 0:19:10.960 your own job stability, Like no one can take away 0:19:10.960 --> 0:19:13.720 your twenty years of experience. No one can take away 0:19:13.760 --> 0:19:16.200 And I'm telling you these nurses and these medical professionals, 0:19:16.280 --> 0:19:20.680 y'all continue to educate yourselves forever. Y'all really like school, 0:19:21.080 --> 0:19:23.320 and y'all go back for more degrees, and they can't 0:19:23.320 --> 0:19:25.879 take that education away from you either. And there's a 0:19:25.920 --> 0:19:28.560 lot that you could do with those skills. So even 0:19:28.560 --> 0:19:31.240 if you were to leave this place, you know, ten 0:19:31.320 --> 0:19:34.720 years in and try travel nursing for a year to 0:19:34.800 --> 0:19:36.960 see how it is, if you decide that you don't 0:19:37.040 --> 0:19:39.080 like it, which you are more than like, you're more 0:19:39.280 --> 0:19:41.399 it's okay for you to pivot into something new and 0:19:41.440 --> 0:19:44.800 decide you don't like it. You know, if you decide like, 0:19:44.880 --> 0:19:47.040 they can't take away that work experience, and you've got 0:19:47.119 --> 0:19:50.359 such applicable skills to you could go to any hospital, 0:19:50.760 --> 0:19:54.119 you know, any any you know, health care facility, maybe 0:19:54.160 --> 0:19:57.240 consult or you know, do nursing in some other way, 0:19:57.320 --> 0:20:00.040 or teach or whatever it may be. You have so 0:20:00.080 --> 0:20:02.720 many skills, and that, for me is what is creating 0:20:02.760 --> 0:20:06.639 stability for you, Not so much just the fact that 0:20:06.680 --> 0:20:10.680 you're employed, you know right now, and you've got you know, 0:20:10.920 --> 0:20:12.360