WEBVTT - Study Hall: Budgeting, & Retirement Planning with The Budgetnista 0:00:00.040 --> 0:00:03.600 An illegal alien from Guatemala charged with raping a child 0:00:03.680 --> 0:00:07.480 in Massachusetts. An MS thirteen gang member from Al Salvador 0:00:07.720 --> 0:00:11.840 accused of murdering a Texas man of Venezuelan charged with 0:00:11.920 --> 0:00:15.840 filming and selling child pornography in Michigan. These are just 0:00:15.920 --> 0:00:19.680 some of the heinous migrant criminals caught because of President 0:00:19.720 --> 0:00:23.320 Donald J. Trump's leadership. I'm Christy nom the United States 0:00:23.320 --> 0:00:28.120 Secretary of Homeland Security. Under President Trump, attempted illegal border 0:00:28.160 --> 0:00:31.680 crossings are at the lowest levels ever recorded, and over 0:00:31.760 --> 0:00:34.960 one hundred thousand illegal aliens have been arrested. If you 0:00:35.040 --> 0:00:38.920 are here illegally, your next you will be fined nearly 0:00:39.000 --> 0:00:43.000 one thousand dollars a day, imprisoned, and deported. You will 0:00:43.040 --> 0:00:46.680 never return. But if you register using our CBP home 0:00:46.720 --> 0:00:50.120 app and leave now, you could be allowed to return legally. 0:00:50.479 --> 0:00:55.240 Do what's right. Leave now. Under President Trump, America's laws, 0:00:55.400 --> 0:00:57.840 border and families will be protected. 0:00:57.920 --> 0:01:00.000 Sponsored by the United States Department of Homeland Security. 0:01:00.120 --> 0:01:00.480 Budgeting. 0:01:00.640 --> 0:01:03.160 I think it's budgeting is extremely underrated when it comes 0:01:03.160 --> 0:01:05.760 to financial planning for individuals. I always say, like, if 0:01:05.800 --> 0:01:09.480 you look at a corporation, budgeting is like the major 0:01:09.520 --> 0:01:11.000 thing that they do like you. I mean, like Apple 0:01:11.120 --> 0:01:13.240 knows every dollar that comes in and comes out, Like 0:01:13.520 --> 0:01:16.480 they pay accountants millions of dollars. They have a whole 0:01:16.480 --> 0:01:18.800 team of accountant to keep track of the books. And 0:01:19.120 --> 0:01:21.759 budgeting is like that's everything. Budgeting is everything. But it's 0:01:21.800 --> 0:01:25.280 like most entrepreneurs and most regular people that just have 0:01:25.400 --> 0:01:28.160 jobs have no idea of the budget, Like they don't 0:01:28.160 --> 0:01:29.840 have any idea of how much money comes in, they 0:01:29.880 --> 0:01:31.880 have no idea of how much money goes out. They're 0:01:31.920 --> 0:01:35.200 just wringing it and just you know, spending money whenever 0:01:35.400 --> 0:01:38.200 you know they need to, and the money comes in 0:01:38.240 --> 0:01:39.840 and it just goes to their bank. And that's kind 0:01:39.840 --> 0:01:42.080 of like how most people run not only their business 0:01:42.120 --> 0:01:45.880 but their life. So budgeting, budgeting one oh one right 0:01:45.920 --> 0:01:49.600 for somebody that has never budgeted before, but they first 0:01:49.600 --> 0:01:53.760 and foremost why why is budgeting essential? And then we'll 0:01:53.760 --> 0:01:55.919 go into like some different hacks that can help people 0:01:55.960 --> 0:01:57.480 to get better with budgeting. 0:01:58.160 --> 0:02:01.360 So budgeting is a sense of because it is a 0:02:01.400 --> 0:02:04.960 physical picture of what your money is doing. Right, So 0:02:05.840 --> 0:02:08.120 if you have kids and you're in the other room 0:02:08.120 --> 0:02:10.079 and your two year old is quiet, You're like, wait, 0:02:11.000 --> 0:02:13.120 what the hell are they breaking because you know they're 0:02:13.160 --> 0:02:15.760 cutting up, putting a you know, putting a knife enough 0:02:16.000 --> 0:02:18.800 in the socket whatever, you know. And so it's the 0:02:18.800 --> 0:02:21.360 same thing with your money. Like you you have to 0:02:21.360 --> 0:02:22.560 be on top of your money. I would say, like 0:02:22.560 --> 0:02:24.520 your money is like a bad two year old, Like, 0:02:24.560 --> 0:02:26.640 if you leave it to its own devices, it's gonna 0:02:26.639 --> 0:02:31.720 be breaking shit that I can curse. Yeah, right, So 0:02:31.880 --> 0:02:33.360 you want to be on it when it comes to 0:02:33.400 --> 0:02:37.040 your money and be present. You are the adult. You 0:02:37.120 --> 0:02:38.920 decide what your money does. And so that's what a 0:02:38.919 --> 0:02:41.040 budget allows you to do. And it allows you to 0:02:41.120 --> 0:02:43.960 be the adult of you of your life. And so 0:02:44.040 --> 0:02:46.200 it's important. You know, I don't care how much money 0:02:46.200 --> 0:02:49.640 you make, you can outspend like great wealth. There are 0:02:49.680 --> 0:02:53.320 people who have been millionaires and even billionaires and have 0:02:53.440 --> 0:02:56.320 been less penniless. So I think sometimes people think, like, well, 0:02:56.360 --> 0:02:58.960 if I had ten million dollars, was like mc hammer 0:03:00.000 --> 0:03:03.440 from somebody, You're like, who's that? Okay, Tody Braxton, right, 0:03:03.760 --> 0:03:08.000 Alan Iverson. So many people have outspent their wealth. It 0:03:08.040 --> 0:03:09.360 is more than possible. 0:03:10.080 --> 0:03:12.800 So what kind of all right, so what are the 0:03:12.800 --> 0:03:14.120 different strategies for budgeting? 0:03:14.200 --> 0:03:14.359 Right? 0:03:14.400 --> 0:03:16.600 Like it's someone okay, I realize the budgeting is important. 0:03:16.639 --> 0:03:17.920 I want to do it. So how do I go 0:03:17.960 --> 0:03:22.440 about it? Is it spreadsheet software? Like is there formulas 0:03:22.480 --> 0:03:24.360 that you should use? Because some people say, like your 0:03:24.360 --> 0:03:26.880 housing should only be like twenty or thirty percent of 0:03:26.919 --> 0:03:30.079 your total budget. So yeah, what's your what's your philosophy? 0:03:30.120 --> 0:03:31.919 As far as like the one on one, the person 0:03:32.040 --> 0:03:34.400 realizes they need to budget now they actually want to 0:03:34.400 --> 0:03:35.600 start a budget. 0:03:35.800 --> 0:03:38.320 So let's just start super super easy, because I mean, yes, 0:03:38.360 --> 0:03:39.720 I use this spride seat all that stuff, but most 0:03:39.720 --> 0:03:41.320 people are not going to do that to start. It's 0:03:41.320 --> 0:03:43.840 the difference between I want to lose some weight and 0:03:43.880 --> 0:03:45.960 so tomorrow, like you're gonna run you know, ten miles, 0:03:46.000 --> 0:03:48.080 You're not gonna run ten mouse. You might the first day, 0:03:48.120 --> 0:03:49.600 and the second day you're going to go back to 0:03:49.640 --> 0:03:52.760 the couch. So I want you to start off walking. 0:03:53.120 --> 0:03:55.560 So for someone who's like I don't budget, I never 0:03:55.600 --> 0:03:59.040 took to a budget. First things first is start with 0:03:59.160 --> 0:04:03.480 having separate bank accounts, right, So I believe in having 0:04:03.520 --> 0:04:06.920 a bill's account to pay your bills and having a 0:04:07.080 --> 0:04:09.960 spend account to spend from your bills account. Should not 0:04:10.040 --> 0:04:12.440 have a debit card attached to it that's a debit 0:04:12.440 --> 0:04:14.080 card is a choice. I don't think people realize that 0:04:14.120 --> 0:04:16.040 the bank issues you a debit card. But you could 0:04:16.040 --> 0:04:18.680 be like, nah, I'm good. So my bill's account does 0:04:18.680 --> 0:04:21.200 not have a debit card. My spend account, it's both. 0:04:21.240 --> 0:04:23.400 These are checking accounts that the same bank has a 0:04:23.400 --> 0:04:25.720 debit card. And then you want to least one savings 0:04:25.760 --> 0:04:28.159 account not at that bank. So you want to at 0:04:28.200 --> 0:04:30.880 least one safets account at an online only bank. And 0:04:30.960 --> 0:04:33.520 so what it looks like is that your money comes in. 0:04:34.240 --> 0:04:37.440 Some of it goes into your I like to call 0:04:37.480 --> 0:04:40.280 it my deposit account, slash your spend account, so that's 0:04:40.279 --> 0:04:42.720 where your money lands. Some of it goes into your 0:04:42.720 --> 0:04:44.680 bills account to pay bills, and you know how much 0:04:44.720 --> 0:04:47.120 to go into your bills account by what bills are due. 0:04:47.240 --> 0:04:49.400 And then some of it goes into your savings. So 0:04:49.440 --> 0:04:52.080 in the beginning you're not going to have the math perfect. 0:04:52.279 --> 0:04:53.800 You might just be like, I don't care if ten 0:04:53.839 --> 0:04:56.560 dollars goes into your savings. When I was at my brocus, 0:04:56.600 --> 0:05:00.400 I was literally transferring two dollars. You know, just contin 0:05:00.600 --> 0:05:03.479 just to have the habit of savings. You never you 0:05:03.560 --> 0:05:05.240 never want to get out of the habit of putting 0:05:05.279 --> 0:05:08.640 something away in your savings account. That's important. So what 0:05:08.680 --> 0:05:10.440 I did for my husband, for example, he's not gonna 0:05:10.440 --> 0:05:12.479 sit down and spreadsheet. That's just not happening. He's like, 0:05:12.520 --> 0:05:17.320 what breaks city, dope? So we do instead? Now, is 0:05:17.640 --> 0:05:20.720 we budget for him anywhere? Because I like the spreadsheet. 0:05:20.760 --> 0:05:23.599 We budget before his money even gets there, I said, Babe, 0:05:23.600 --> 0:05:26.400 go to HR. Here's what you're gonna tell them. Hey, 0:05:26.680 --> 0:05:29.280 before you give me my money. Some of it goes 0:05:29.320 --> 0:05:33.160 into his retirement account check, some of it goes into 0:05:33.279 --> 0:05:35.800 his into his spend account. That the deposit account where 0:05:35.800 --> 0:05:39.200 things are depositives right, check by his direct deposit account, right. 0:05:39.360 --> 0:05:41.800 Some of it goes into our joint bill's account check, 0:05:42.240 --> 0:05:45.440 some goes into his personal savings check, and some goes 0:05:45.440 --> 0:05:49.479 into our joint savings. So he basically his budget is 0:05:49.520 --> 0:05:54.000 done automatically through HR, so it lands and all he 0:05:54.080 --> 0:05:55.920 has to think about is when it comes to his 0:05:55.960 --> 0:05:57.880 personal savings, whatever you want to do to that, that's 0:05:57.880 --> 0:06:00.400 your business, as tabit. That would saying the vegan begon 0:06:00.480 --> 0:06:02.239 chef that ready loves right now, and that's your business, 0:06:02.760 --> 0:06:05.640 right and all he has to worry about too, it's 0:06:05.680 --> 0:06:08.359 his basically his allowance in his deposit account, in his 0:06:08.600 --> 0:06:11.200 spending account. So whatever's in his spending account. If I 0:06:11.200 --> 0:06:13.440 see my husband with some new JS on. Back in 0:06:13.440 --> 0:06:14.880 the day, I used to be like, oh, that's what 0:06:14.920 --> 0:06:18.720 we're doing. I enjoyers with the bread money. Now it's 0:06:19.400 --> 0:06:22.280 no more right because I know one thing. He didn't 0:06:22.279 --> 0:06:24.000 take it from the bills account. He didn't take it 0:06:24.000 --> 0:06:26.080 from our joint savings. So if he took it from 0:06:26.080 --> 0:06:31.000 his personal savings or his spending account, that's fine. And 0:06:31.040 --> 0:06:32.600 so like if you don't know how to do anything else, 0:06:32.640 --> 0:06:35.960 if you just have at least those three accounts and 0:06:36.000 --> 0:06:38.880 have your money automatically split from well really four because 0:06:38.880 --> 0:06:40.600 you want to have a retirement account and have your 0:06:40.600 --> 0:06:44.240 money split from work, then you will be ahead of 0:06:44.240 --> 0:06:46.320 the game. And so for people who want to go 0:06:46.360 --> 0:06:48.640 a little bit deeper. For me, you know, like I, 0:06:48.760 --> 0:06:49.880 like I said, I like to have spread to you. 0:06:49.960 --> 0:06:52.680 I like to know how much we're spending on on 0:06:52.680 --> 0:06:55.359 on groceries, how much we're spending on gas, So I 0:06:55.440 --> 0:06:57.320 keep track of that. I just the tool I like 0:06:57.360 --> 0:06:59.320 to use message, just excel, So I like to keep 0:06:59.320 --> 0:07:01.520 track of that. There, but you don't necessarily have to. 0:07:01.600 --> 0:07:04.840 You set aside a you know, an allowance for yourself. 0:07:05.520 --> 0:07:08.160 Typically things are led by bills. So if ideally you 0:07:08.240 --> 0:07:10.840 want to be setting aside twelve to fifteen percent for 0:07:10.920 --> 0:07:12.960 your retirement, and you probably are saying like, I can't 0:07:13.000 --> 0:07:15.600 afford to lose twelve to fifteen percent of my pay, 0:07:15.840 --> 0:07:17.600 or to start with one percent, and every six months 0:07:17.600 --> 0:07:20.080 you boosted up, start with a half percent, and every 0:07:20.080 --> 0:07:22.840 six months you boosted up, start with something towards retirement. 0:07:23.480 --> 0:07:25.800 And then your bills. I like to do bills every 0:07:25.880 --> 0:07:28.440 two weeks, so the money I have transferred to the 0:07:28.480 --> 0:07:31.360 bills account, you ask yourself, okay, how much are my 0:07:31.400 --> 0:07:33.720 bills from the first to the fifteenth, and how much 0:07:33.760 --> 0:07:35.800 are my bills from the fifteen to the thirtieth, And 0:07:35.840 --> 0:07:38.200 that's how you know how much to be going into 0:07:38.200 --> 0:07:41.000 the bill's account. You know, so it might be or 0:07:41.040 --> 0:07:43.040 you might just have a select number. You might say, well, 0:07:43.120 --> 0:07:46.160 my bills are around three thousand dollars a month, so 0:07:46.200 --> 0:07:49.800 every paycheck or every pay period, my bi weekly or 0:07:49.840 --> 0:07:52.080 my bi monthly pay period, fifteen hundred dollars is going 0:07:52.120 --> 0:07:55.200 to go into my bill's account. And having your bills account, 0:07:55.240 --> 0:07:58.000 paid bills automatically for you is really going to be 0:07:58.160 --> 0:08:01.800 like clutch, Like I don't pay bills, bills pay themselves, 0:08:01.960 --> 0:08:03.640 so it lands on my bill's account and then dark 0:08:03.760 --> 0:08:07.880 my bills already know I pay my pay the electric bill, 0:08:08.040 --> 0:08:10.480 pay the water bill, pay these bills for me automatically, 0:08:10.640 --> 0:08:13.240 and like I said, what's left in mind, spend account 0:08:13.320 --> 0:08:15.600 is attached to my debtit card and I can spend 0:08:15.640 --> 0:08:18.480 and when that money is done, so on mine. What's 0:08:18.480 --> 0:08:22.320 really important too about a budget is is the savings account. 0:08:22.440 --> 0:08:24.640 I don't want you to save at your regular bank 0:08:25.040 --> 0:08:27.280 because it makes it easy to transfer. We've all been 0:08:27.280 --> 0:08:30.520 there at Target right and been like, oh man, like 0:08:30.600 --> 0:08:33.160 I really want whatever this thing is, this bleunder this dress, 0:08:33.240 --> 0:08:35.280 this shirt, and you look at check in. You know 0:08:35.400 --> 0:08:37.400 Daril William got no money and check in, but you 0:08:37.400 --> 0:08:40.760 know who got money there, savings, And then you're in 0:08:40.880 --> 0:08:43.080 line making that transfer, like happy about it to like 0:08:43.120 --> 0:08:45.320 making a transfer even though you're like that was supposed 0:08:45.320 --> 0:08:47.440 to be for powers. You're like pass, can wait, tease 0:08:47.440 --> 0:08:50.360 your care make that transfer and you're like dang. Later 0:08:50.400 --> 0:08:52.280 you're like this, why I don't never go nowhere because 0:08:52.280 --> 0:08:54.160 I'm always at Target to buy a toilet tissue and 0:08:54.160 --> 0:08:55.960 then I leave but three hundred dollars worth of stuff. 0:08:56.480 --> 0:08:59.680 If you put your savings in an online only savings account, though, 0:09:00.480 --> 0:09:03.680 then you're gonna have to wait at least twenty four 0:09:03.720 --> 0:09:06.600 to seventy two hours for your savings at your online 0:09:06.640 --> 0:09:10.079 only savings account to transfer back to your checking to 0:09:10.600 --> 0:09:13.679 your spend account. And so what that means is it 0:09:13.679 --> 0:09:16.880 makes your money inconvenient, and inconvenient money get saved. So 0:09:16.920 --> 0:09:20.000 I like this website called magnify money dot com to 0:09:20.040 --> 0:09:22.480 look for an online only savings account because they grade 0:09:22.960 --> 0:09:25.240 savings accounts from A to F. So you're gonna look 0:09:25.240 --> 0:09:27.880 for an a account that's one. Two, you're gonna look 0:09:27.880 --> 0:09:32.120 for an account that's FDIC insured that's two. Three, You're 0:09:32.120 --> 0:09:33.840 gonna look for an account that's gonna give the highest 0:09:33.840 --> 0:09:36.440 interest rate because your big bank is not gonna give 0:09:36.440 --> 0:09:39.160 you much of an interest rate. So online only savings 0:09:39.200 --> 0:09:41.880 accounts don't have as much overhead, so they pass that 0:09:41.960 --> 0:09:44.400 on to you and you earn a higher interest. And 0:09:44.520 --> 0:09:47.080 then for you're going to look for a bank that 0:09:47.160 --> 0:09:50.839 has low deposit requirement. So that means in order to 0:09:50.880 --> 0:09:53.080 open up the bank account. Maybe you have to you 0:09:53.080 --> 0:09:55.120 have to put in a dollar and also too in 0:09:55.200 --> 0:09:58.040 order to maintain and get that interest. You don't want 0:09:58.080 --> 0:09:59.720 them to say you have to have ten thousand dollars 0:09:59.760 --> 0:10:01.400 in the make account in order for you to earn 0:10:01.840 --> 0:10:04.480 the interests that they've advertised. So those are the four 0:10:04.520 --> 0:10:06.920 components you're going to look for in your online safe account. 0:10:07.080 --> 0:10:09.440 So I hate to say like, oh, twenty percent here, 0:10:09.480 --> 0:10:13.720 thirty percent there, unless you have an irregular income. You 0:10:13.760 --> 0:10:16.800 don't have to live by percentages. You would live by amounts. 0:10:16.840 --> 0:10:20.360 So one hundred dollars here, three hundred dollars there, four 0:10:20.440 --> 0:10:22.600 hundred dollars here, that's what you're That's the split that 0:10:22.600 --> 0:10:25.200 you should be doing regularly every month. If your money 0:10:25.280 --> 0:10:28.520 it fluctuates because you have an irregular income, then you 0:10:28.880 --> 0:10:31.920 might say, you know, forty percent goes into my bills. 0:10:33.000 --> 0:10:36.200 You know five percent goes into spending. But you have 0:10:36.240 --> 0:10:38.880 to work backwards, like how much are your bills Unless 0:10:38.920 --> 0:10:40.920 you're starting from scratching your twenty one you're just moving 0:10:40.920 --> 0:10:43.360 out that you can force your bills to fit within 0:10:43.640 --> 0:10:45.920 that percentage. But it's easy for people to say, oh 0:10:45.960 --> 0:10:48.720 seventy thirty Yeah, but like, so, what are your bills 0:10:48.720 --> 0:10:50.600 actually though your bills might be seventy percent of your 0:10:50.600 --> 0:10:53.680 income right now, you know, so that's so you have 0:10:53.720 --> 0:10:55.959 to pay your bills and you're I'm not worried about 0:10:55.960 --> 0:10:58.320 the percentage, just now, like how much you actually need 0:10:58.360 --> 0:11:01.000 to pay bills? Put that in the bills accoun Okay, 0:11:01.160 --> 0:11:03.360 how much ideally do you want to save once those 0:11:03.360 --> 0:11:05.040 bills are paid? I want to save one hundred dollars 0:11:05.080 --> 0:11:07.360 a month, So make that a bill. Now that one 0:11:07.440 --> 0:11:09.760 hundred dollars a month is automatically put into that savings 0:11:09.760 --> 0:11:12.600 account directly from your job. And then what's left over, 0:11:12.760 --> 0:11:14.559 like I said, is your spending money. You know, you 0:11:14.640 --> 0:11:16.600 might tell yourself, I'm going to give myself fifty dollars 0:11:17.240 --> 0:11:21.080 every two weeks for spending. Okay, great, and for whatever reason, 0:11:21.160 --> 0:11:23.600 if there's not enough money, then you take care of bills. 0:11:23.920 --> 0:11:25.480 You say, I guess I can't save this month, and 0:11:25.520 --> 0:11:29.520 I guess I can't. I don't spending money this month 0:11:29.559 --> 0:11:31.520 for like, you know, spending money for things that are 0:11:31.559 --> 0:11:34.760 like you know, like hair nails, grooming, this and that. 0:11:34.880 --> 0:11:37.120 You know, so sometimes you don't have it, and that's okay. 0:11:37.320 --> 0:11:39.160 So there are times when I didn't have it, but 0:11:39.200 --> 0:11:41.520 I had to pay bills, and even sometimes I didn't 0:11:41.520 --> 0:11:42.920 have enough for bills and I had to say, well, 0:11:42.960 --> 0:11:45.200 I have to pay my noodle budget bills, my essential bills. 0:11:45.480 --> 0:11:48.720 Verizon can wait. Rising is not going to shoot you 0:11:48.760 --> 0:11:51.400 if you don't pay. Yes, we'll affect your credit score, 0:11:51.400 --> 0:11:53.280 but credit scores are things that you can you can 0:11:53.400 --> 0:11:56.360 you can increase later. I much rather you take care 0:11:56.400 --> 0:11:57.719 of things that are going to make you happy, I 0:11:57.760 --> 0:11:59.480 mean healthy and safe. 0:12:00.240 --> 0:12:02.079 I was just thinking about that because one of the things, 0:12:02.120 --> 0:12:05.320 the powerful things you talk about is identifying ifs, Like 0:12:05.360 --> 0:12:07.520 we can have anything we want if we just identify 0:12:07.559 --> 0:12:10.440 our ifs in control them so that we can budget. 0:12:10.520 --> 0:12:10.640 Right. 0:12:10.800 --> 0:12:13.680 So if I want to say four hundred dollars, maybe 0:12:13.840 --> 0:12:17.000 I don't go to the barbershop twice a week. Right, 0:12:17.080 --> 0:12:19.040 So can you talk about the your points of identifying 0:12:19.080 --> 0:12:21.120 the ifs and how they can translate to having more 0:12:21.160 --> 0:12:21.960 money in your budget? 0:12:22.520 --> 0:12:24.680 Absolutely, there are four questions you should ask yourself before 0:12:24.720 --> 0:12:27.600 you spend any money. Do I need it? Do I 0:12:27.720 --> 0:12:30.120 love it? Do I like it? Do I want it? 0:12:30.280 --> 0:12:32.800 Need it? Love it like it? Want it, need it, 0:12:32.920 --> 0:12:36.960 love it like it? What you need to switch on right. 0:12:37.440 --> 0:12:40.080 So your needs come first. That's food, cholter, clothing, water, 0:12:40.160 --> 0:12:43.440 the absolute necessities you must have to stay healthy and safe. 0:12:43.640 --> 0:12:45.560 You pay for those first. Most of us are here 0:12:45.600 --> 0:12:49.360 to that. That's why you're alive. Then your loves are 0:12:49.480 --> 0:12:52.600 those things that enhance your life. What are things five 0:12:53.040 --> 0:12:56.480 ten years from now that's still our value even though 0:12:56.520 --> 0:12:58.640 that thing might not be there right. So if you 0:12:58.679 --> 0:13:00.679 had Oprah's bank account, I tell people what would you 0:13:00.720 --> 0:13:02.640 do or do more of? So a lot of people 0:13:02.679 --> 0:13:04.960 say travel, maybe they'd start a business, maybe they go 0:13:05.000 --> 0:13:08.160 back to school, maybe the philanthropy, whatever that is. So 0:13:08.200 --> 0:13:10.480 those are your loves. Those are things that give you 0:13:10.720 --> 0:13:14.000 long term joy, even when that thing is not physically 0:13:14.040 --> 0:13:17.840 there right. And then your likes are short term joy. 0:13:18.160 --> 0:13:22.480 So you know that's your target, run, that's your that's 0:13:22.520 --> 0:13:24.480 that dress that you're like, oh, this is super cute. 0:13:25.280 --> 0:13:27.480 You know that might be I don't know, eating out 0:13:27.520 --> 0:13:29.080 with friends or eating out with friends might be a 0:13:29.080 --> 0:13:31.199 love because you might be like, yo, I'm such a foodie. 0:13:31.240 --> 0:13:34.120 Five years from now, I'm remembering that restaurant. So there's 0:13:34.160 --> 0:13:36.360 no judgment, you get to decide, But likes our short 0:13:36.400 --> 0:13:39.120 term joy. And wants are just things to get. I 0:13:39.360 --> 0:13:41.520 really try to stay away from just frivolous spending, which 0:13:41.600 --> 0:13:43.800 is what wants are. It doesn't mean I never do it, 0:13:44.160 --> 0:13:46.160 but it doesn't make sense to trick up your money 0:13:46.160 --> 0:13:49.440 and wants when you can have more things for loves 0:13:49.480 --> 0:13:52.440 and your needs. And so what I try to do 0:13:52.440 --> 0:13:54.200 is so I try to live in the second half, 0:13:54.320 --> 0:13:56.640 the first half of life, my needs and my loves, 0:13:56.679 --> 0:14:01.199 because that's an enriched, fulfilled life. I'm not really a foodie, 0:14:01.800 --> 0:14:05.679 although my belly would to just otherwise, but I'm not 0:14:05.720 --> 0:14:08.080 really a foodie. But I used to go eat brunch 0:14:08.240 --> 0:14:10.040 every weekend with my friends and then one day I 0:14:10.080 --> 0:14:11.240 was like, why thew am I going to bunch. I 0:14:11.240 --> 0:14:13.560 have not been on vacation in like two years, so 0:14:13.640 --> 0:14:16.560 I stopped going. They're likeyos Hilly, You're so cheap, right, 0:14:16.600 --> 0:14:18.000 And I'm like, I'm not cheap. It's just that, like, 0:14:18.040 --> 0:14:19.520 I don't want to spend my money on bunch anymore. 0:14:19.560 --> 0:14:22.480 I don't want to spend thirty dollars a week eating brunch, 0:14:22.520 --> 0:14:24.360 And so I started saving my brunch money that I 0:14:24.400 --> 0:14:25.880 made it a game every time they asked me to 0:14:25.880 --> 0:14:27.760 go to brunch, I would put I would transfer thirty 0:14:27.800 --> 0:14:30.280 dollars to my savings account, and then within a few 0:14:30.320 --> 0:14:32.320 months I had enough money. I went for my first 0:14:32.320 --> 0:14:35.880 solo travel trip. I went to Albuquerque, New Mexico because 0:14:35.960 --> 0:14:37.640 I had on my bucket list I wanted to ride 0:14:37.640 --> 0:14:40.480 in a hot air balloon. In Albuquerque, New Mexico's the 0:14:40.520 --> 0:14:42.760 high air bloon capital of the world. Who knew? Now 0:14:42.800 --> 0:14:45.840 you do yes, right? And so I was like, okay. 0:14:45.920 --> 0:14:49.480 So I remember my friend called me Tijana. She was like, hey, girl, 0:14:49.520 --> 0:14:51.360 we're about to have We're gonna have brunch tomorrow. But 0:14:51.400 --> 0:14:53.600 I know you and yo cheap behind you ain't going. 0:14:53.920 --> 0:14:55.640 I was like, cause I was like slight flex, well, 0:14:55.680 --> 0:14:58.160 actually major flex. I was like, ooh girl, I'm about 0:14:58.160 --> 0:14:59.920 to get in a hot air balloon. The captain said, 0:14:59.920 --> 0:15:01.400 I turn off my phone. Can I call you later? 0:15:01.880 --> 0:15:04.120 She was like, I had an air Ballottle and Newer. 0:15:04.200 --> 0:15:07.640 I'm like, no, girl, New Mexico. That's when I do 0:15:07.680 --> 0:15:12.440 with my brunch money. Mike drop. Okay, So now don't 0:15:12.440 --> 0:15:15.120 I stop telling my friends. I don't say I don't say. 0:15:14.960 --> 0:15:15.480 No to brunch. 0:15:15.480 --> 0:15:17.880 I'll tell them like, ah Na, girl, I can't go 0:15:17.960 --> 0:15:20.360 right now, because I'm saying yes to Paris, I'm saying 0:15:20.440 --> 0:15:23.240 yes to Istanbul, I'm saying yes to Santorina. These are 0:15:23.240 --> 0:15:26.000 places I've been. I'm saying yes to Morocco. And so 0:15:26.080 --> 0:15:28.680 I started to decide for myself what my needs and 0:15:28.760 --> 0:15:31.520 my loves were. So I'm not against spending money. I'm 0:15:31.560 --> 0:15:33.960 against spending money on things that don't matter to you. 0:15:34.200 --> 0:15:37.720 Prioritize what your more is, like some of us are 0:15:37.760 --> 0:15:41.720 spending our whole life spending money on someone else's idea 0:15:41.760 --> 0:15:44.960 of more. Tajuanta is a foodie, not me. That's her more, 0:15:45.360 --> 0:15:47.760 that's less for me. You know, let her eat out 0:15:47.800 --> 0:15:49.280 with another food if she can come to my house 0:15:49.280 --> 0:15:51.320 and chill out for free. And so that's really how 0:15:51.360 --> 0:15:54.200 you start to prioritize, just to ask yourself, like what 0:15:54.240 --> 0:15:57.040 does more of a life truly mean? You know, for me, 0:15:57.560 --> 0:15:59.520 I don't want any You know, your spending should be 0:15:59.520 --> 0:16:02.120 reflected of your values and how you want your life 0:16:02.120 --> 0:16:02.320 to go. 0:16:02.560 --> 0:16:05.760 So you said it hunting with the online. 0:16:05.960 --> 0:16:08.320 Earners, what's up? You ever walk into a small business 0:16:08.360 --> 0:16:11.520 and everything just works, like the checkout is fast, the 0:16:11.600 --> 0:16:15.480 receipts are digital. Tipping is a breeze and you're out 0:16:15.480 --> 0:16:18.720 the door before the line even builds. Odds are they're 0:16:18.880 --> 0:16:22.360 using Square. 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It's like banking with P and C Bank. 0:17:31.760 --> 0:17:34.560 It might seem boring to save, plan and make calculated 0:17:34.600 --> 0:17:37.679 decisions with your bank, but keeping your money boring is 0:17:37.720 --> 0:17:41.040 what helps you live a more happily fulfilled life. P 0:17:41.160 --> 0:17:46.000 and C Bank Brilliantly Boring since eighteen sixty five. Brilliantly 0:17:46.040 --> 0:17:48.679 Boring since eighteen sixty five is a service mark of 0:17:48.720 --> 0:17:51.960 the PNC Financial Service Group, Inc. P and C Bank 0:17:52.359 --> 0:17:54.560 National Association Member FDIC. 0:17:56.720 --> 0:17:59.439 Coach, the energy out there felt different. What changed for 0:17:59.480 --> 0:18:00.200 the team today? 0:18:00.200 --> 0:18:02.399 It was a new game day scratches from the California 0:18:02.440 --> 0:18:03.880 Lottery players everything. 0:18:04.200 --> 0:18:06.160 Those games sent the team's energy through the roof. 0:18:06.240 --> 0:18:08.199 Are you saying it was the off field play that 0:18:08.280 --> 0:18:09.399 made the difference on the field. 0:18:09.480 --> 0:18:12.200 Hey, little play makes your day, and today it made 0:18:12.240 --> 0:18:12.639 the game. 0:18:13.119 --> 0:18:15.440 That's all for now, Coach, one more question. 0:18:15.320 --> 0:18:18.159 Play than you Los Angeles Chargers, San Francisco forty nine 0:18:18.240 --> 0:18:21.280