WEBVTT - EYL #117 Clean Slate feat. The Student Loan Doctor 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. 0:01:02.160 --> 0:01:08.160 My graduates from my school being false back drop drop, Mike, 0:01:08.280 --> 0:01:10.400 drop back drop drop. 0:01:21.319 --> 0:01:24.120 All right, guys, welcome back, e y Eli. This is 0:01:24.160 --> 0:01:29.600 a highly requested episode and something that has been asked 0:01:29.600 --> 0:01:31.720 for for a long time and one of the biggest 0:01:31.720 --> 0:01:36.240 topics in financial literacy no matter what area you're working. 0:01:36.680 --> 0:01:38.400 Yeah, but before we get started, we gotta let him 0:01:38.400 --> 0:01:40.880 in on the breaking news alert. All right, so, earners, 0:01:40.920 --> 0:01:44.440 the time has come, eylu grad School is here, and 0:01:44.480 --> 0:01:47.000 you know how we bringing it. 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We can't wait for you to 0:02:18.400 --> 0:02:19.760 see it and be a part of it. And right 0:02:19.800 --> 0:02:21.440 now it's fifty percent off. So you got to do 0:02:21.520 --> 0:02:24.160 is head over to eyl University dot com. You're gonna 0:02:24.160 --> 0:02:25.120 get fifty percent. 0:02:24.880 --> 0:02:30.320 Off student loans, student loans is a huge, huge, huge thing. 0:02:30.360 --> 0:02:31.840 I believe it is, correct me if I'm wrong. One 0:02:31.840 --> 0:02:35.639 point nine billion dollars student loan debt total in America. 0:02:36.320 --> 0:02:41.040 So millions of people are crippled by student loans. Millions 0:02:41.040 --> 0:02:44.440 of parents have to make decisions whether they you know, 0:02:45.120 --> 0:02:48.600 sending their kids to high course college and have to 0:02:48.639 --> 0:02:51.560 you know, put that type of burden on them. Millions 0:02:51.600 --> 0:02:56.160 of young Americans, young people have to decide early on. 0:02:56.320 --> 0:02:58.480 They have to make, you know, crucial decisions that might 0:02:58.520 --> 0:03:00.560 affect their life for the rest of it, the rest 0:03:00.600 --> 0:03:02.760 of their life as far as you know, going to 0:03:02.960 --> 0:03:04.680 what college they're going to go to, how much student 0:03:04.720 --> 0:03:07.359 loan they're going to take out, and then when they graduate, 0:03:07.440 --> 0:03:09.360 it's a whole bunch of stuff as far as you know, 0:03:09.760 --> 0:03:12.360 paying it back and how they pay it back, and 0:03:12.400 --> 0:03:14.360 how it affects their credit score, and how does it 0:03:14.639 --> 0:03:18.040 affect trying to buy home. So we haven't talked about 0:03:18.080 --> 0:03:20.640 student loans too much. A few episodes. We kind of 0:03:20.680 --> 0:03:22.120 just told stories about student loans. 0:03:22.480 --> 0:03:25.880 I think early on I gave my student loans earlier episodes. 0:03:26.080 --> 0:03:28.359 Sure, but we haven't actually like broke it down student 0:03:28.400 --> 0:03:31.800 loans in like details so we brung in the best 0:03:31.800 --> 0:03:32.760 in the business to do that. 0:03:32.919 --> 0:03:33.320 The best. 0:03:33.600 --> 0:03:37.080 Sonya lewis also known as a Student Loan Doctors, So 0:03:37.120 --> 0:03:40.800 she's the CEO and the first African American woman owns 0:03:40.840 --> 0:03:45.600 student loan repairment repayment company in the United States of America. 0:03:45.920 --> 0:03:49.680 She's been featured on Forbes Money Magazine, Essence, Black Enterprise, 0:03:49.760 --> 0:03:59.480 and now in the Bio. And it's crazy because she 0:03:59.600 --> 0:04:02.480 actually also taught a class for Ey University that was incredible. 0:04:02.480 --> 0:04:05.520 I listened to that while I was preparing for this 0:04:06.040 --> 0:04:09.040 and we actually met years ago, so you never know 0:04:09.080 --> 0:04:11.720 how life is going to, you know, come back three sixty. 0:04:12.200 --> 0:04:14.720 You know, me as a financial advisor, I used to 0:04:14.800 --> 0:04:17.599 do speaking engagements every once in a while, you know, 0:04:17.640 --> 0:04:20.000 and kind of talk about investing and insurance and stuff 0:04:20.040 --> 0:04:23.880 like that. And a group had actually asked me to 0:04:23.880 --> 0:04:25.960 come in to speak in New York and the city 0:04:26.440 --> 0:04:30.240 and one of the other speakers was none other than 0:04:30.400 --> 0:04:33.120 Sonya And that's the first time and she literally she 0:04:33.240 --> 0:04:35.640 rocked it. She rocked it, and she she broke down 0:04:35.680 --> 0:04:38.760 student loans, she broke down repayment options, she broke down everything. 0:04:39.200 --> 0:04:40.880 And that's the first time that we had connected and 0:04:40.920 --> 0:04:41.680 that was years ago. 0:04:41.720 --> 0:04:47.920 Probably you remember that it was my first big I 0:04:47.920 --> 0:04:49.960 don't even know if it was big, but gig outside 0:04:50.000 --> 0:04:50.520 of Philly. 0:04:51.000 --> 0:04:53.440 I took it so serious. I got some T shirts. 0:04:55.440 --> 0:04:58.400 Joy Yeah, you had, you had your I had some more. 0:04:58.440 --> 0:05:00.800 Some workers with you too, volunteers. 0:05:03.440 --> 0:05:04.840 We thank them, we thank I. 0:05:04.839 --> 0:05:10.680 Remember not excellent. So now you know she's blown up 0:05:10.720 --> 0:05:13.920 on social media and she's become the authority on Stuart 0:05:14.000 --> 0:05:18.080 Loans and you know, we have a little known podcast 0:05:18.160 --> 0:05:22.440 that little people will listen to every how it's good 0:05:22.480 --> 0:05:26.040 to you know, it's good to it's good I appreciate that. 0:05:26.120 --> 0:05:29.880 So it's good to link back up. So first and foremost, 0:05:29.880 --> 0:05:31.760 thank you for joining us. Appreciate it. 0:05:32.240 --> 0:05:34.480 Yeah, I'm excited to be here. I really really am. 0:05:34.600 --> 0:05:37.680 I really am so one. Thank you for both for 0:05:37.680 --> 0:05:40.960 having me. I've been listening to the podcast, and when 0:05:41.000 --> 0:05:43.880 I first listened to it, I'm listening to his voice, 0:05:44.400 --> 0:05:47.760 like I know that nothing have a trigger to go 0:05:47.839 --> 0:05:49.920 look up the voice and I you just moved so quickly. 0:05:50.240 --> 0:05:52.800 So then I think it was Instagram and I've seen 0:05:52.839 --> 0:05:56.200 his face. I'm like, I know that face. It's iked 0:05:56.240 --> 0:05:58.320 my girlfriend, Like have you ever listened to E Y 0:05:58.480 --> 0:06:01.800 L Denise and she's such a fit and she's actually 0:06:01.800 --> 0:06:05.360 really mad that she's not here with me today. How 0:06:05.480 --> 0:06:05.960 I got sick? 0:06:06.279 --> 0:06:06.479 I was. 0:06:08.800 --> 0:06:10.880 So but yeah, so I was like, oh no, I said, 0:06:10.880 --> 0:06:13.279 do you remember the engagement I had way way before? 0:06:14.240 --> 0:06:16.760 And she said, oh yeah. I said, well he's that's samn. 0:06:16.800 --> 0:06:19.440 She's like, oh wow. So I just think that it's 0:06:19.480 --> 0:06:22.039 really important that when you meet people, want to be 0:06:22.160 --> 0:06:24.200 nice to them and be kind to them. I was 0:06:24.240 --> 0:06:26.920 really really blown away and impressed with the child from 0:06:26.920 --> 0:06:29.760 the very very beginning when he spoke and I was like, well, 0:06:29.760 --> 0:06:35.440 wait a minute. After I drove for Philly, I knew 0:06:35.680 --> 0:06:37.320 I know for a fact, I was tired because it 0:06:37.320 --> 0:06:40.640 was nighttime NIME. I was like, I don't know, if 0:06:40.680 --> 0:06:42.200 you know, if I had like a lot of energy 0:06:42.240 --> 0:06:45.240 that night, but I was on like three, what's gonna do? 0:06:46.279 --> 0:06:49.960 Give it? And I totally like when I got home, 0:06:50.000 --> 0:06:52.200 I was like, you know, totally out of it, but 0:06:52.240 --> 0:06:53.720 I'm excited to be here none the less. 0:06:54.080 --> 0:06:56.880 Sure, so let's jump into it. So how did this start? 0:06:56.920 --> 0:06:59.760 How did you become the student loan doctor? How did 0:06:59.760 --> 0:06:59.919 that have? 0:07:00.279 --> 0:07:06.360 Yeah? I was broke, yes, Sorry, anybody starts up than that, know. 0:07:06.760 --> 0:07:10.800 So what happened was I was in a financial literacy 0:07:10.840 --> 0:07:14.720 course at church and it was really after either of 0:07:14.760 --> 0:07:18.120 my grandmother passing, and you ever realized, like, if that person, 0:07:18.400 --> 0:07:21.280 whoever is your person in your life goes, you don't 0:07:21.280 --> 0:07:23.040 have no person anymore, and who could you call it 0:07:23.120 --> 0:07:25.600 asks for help support? So that was my grandmother. So 0:07:25.680 --> 0:07:29.600 I'm like, oh this, I could really be one check away. 0:07:29.880 --> 0:07:33.840 You know. I was living real dangerous overdrafted on overdraft. 0:07:33.840 --> 0:07:37.040 It was. It was not good. And the thing is 0:07:37.080 --> 0:07:39.400 I wasn't It wasn't like I wasn't making money. I 0:07:39.400 --> 0:07:41.640 think at that time I was early twenties, making like 0:07:41.720 --> 0:07:44.720 sixty a year and that's good with no responsibilities living 0:07:44.720 --> 0:07:46.840 in Philly, you know, it's fine. But I was just 0:07:47.120 --> 0:07:49.960 really really behind check to check at that point because 0:07:50.000 --> 0:07:52.400 I was trying to keep up with people. And so 0:07:52.680 --> 0:07:55.440 I put myself to this class and the one topic 0:07:55.560 --> 0:07:59.200 the teacher kept going around was student loan deck. Now 0:07:59.240 --> 0:08:01.280 that is my profect. Actually no background, so I've worked 0:08:01.320 --> 0:08:03.880 in the university. I guess at this point where were 0:08:03.920 --> 0:08:07.240 at twy so like going over twelve years at this 0:08:07.280 --> 0:08:10.360 point I connected with the university, and so I knew 0:08:10.360 --> 0:08:11.920 what to do, like I knew how to help people. 0:08:11.920 --> 0:08:14.640 I knew how to advise people. It's just that I 0:08:14.680 --> 0:08:16.480 felt like everybody else knew that too. I don't know 0:08:16.480 --> 0:08:18.560 if that makes sense. I felt like student loans, like, oh, 0:08:18.560 --> 0:08:20.760 all you got to do is but when you come 0:08:20.760 --> 0:08:22.520 to find out is a lot of people don't know 0:08:22.560 --> 0:08:24.760 about their student loans, don't want to know about their 0:08:24.800 --> 0:08:27.360 student loans, or they're really upset that they have student loans. 0:08:27.760 --> 0:08:29.960 And so I just started giving out some free knowledge 0:08:30.000 --> 0:08:34.880 at church. But what had happened was after the church class, 0:08:35.320 --> 0:08:37.480 people start coming into the church. Because the church is 0:08:37.520 --> 0:08:41.280 right there by Temple University, they start coming in. Yeah, 0:08:41.320 --> 0:08:43.720 North Philly. They start coming in, So, so can we 0:08:43.760 --> 0:08:46.400 speak to the young lady about loans. I'm like, no, 0:08:46.559 --> 0:08:49.040 wait a minute, that's me, but I gotta go home now. 0:08:50.160 --> 0:08:53.160 So I was helping people after church. I'm going to 0:08:53.200 --> 0:08:56.200 say for a few hours, right, and then I'm like, 0:08:56.320 --> 0:08:58.840 Jesus say say to do this for free? Now that 0:08:58.960 --> 0:09:02.160 word I still haven't heard heard their word. So I 0:09:02.200 --> 0:09:04.000 was like, well, you know what, because I can't charge 0:09:04.000 --> 0:09:06.760 in the Lord's house, So I said, well, less met 0:09:06.960 --> 0:09:09.440 at the Cozy in the corner Baker. I had two 0:09:09.520 --> 0:09:12.880 locations in Philly because you know people don't like travel. 0:09:12.480 --> 0:09:15.920 Cozy, that's a good meaning spot. What's the cozy is 0:09:15.960 --> 0:09:18.840 like it's like an eatery, like it has like benches. 0:09:18.960 --> 0:09:23.160 It's like an upscale I guess Starbucks, which is no coffee, 0:09:23.440 --> 0:09:26.120 which is fool. Yeah, yeah, yeah. I had my marriage 0:09:26.160 --> 0:09:31.120 cause I had marriage counseling in everybody used its good place. 0:09:31.120 --> 0:09:34.720 And bother you now Corner Bakery. I did have to 0:09:34.720 --> 0:09:38.560 flirt with the manager. Never cashed it on that date. 0:09:39.000 --> 0:09:42.240 I needed the corner booth with the plug. Okay, it's 0:09:42.280 --> 0:09:44.640 just lot of strategic plenty. You got do You got 0:09:44.720 --> 0:09:46.720 to get there by six and I left. I think 0:09:46.720 --> 0:09:49.040 they closed at ten, and then the weekends I would 0:09:49.080 --> 0:09:50.400 be there from nine to nine. 0:09:50.720 --> 0:09:51.920 Yeah, and I think at. 0:09:51.880 --> 0:09:54.480 That time I was charging like what thirty forty an hour. 0:09:54.640 --> 0:09:56.959 I didn't know about business. I just knew I was 0:09:57.080 --> 0:09:59.079 going to sit here for free. And it wasn't a 0:09:59.160 --> 0:10:02.320 real business chip. But literally, y'all, when I tell you, 0:10:02.360 --> 0:10:05.080 nobody missed their appointment, like that's kind of unheard of, 0:10:05.200 --> 0:10:07.920 Like no one missed their appointment for weeks and so 0:10:08.040 --> 0:10:10.520 what I did ultimately was was, you know, I got 0:10:10.520 --> 0:10:13.840 a scheduler. I started looking at office spaces. I'm like, well, 0:10:13.840 --> 0:10:15.520 if I get this many clients and I go up 0:10:15.520 --> 0:10:17.880 to this price. So then that's when all that entrepreneurship 0:10:17.920 --> 0:10:20.120 start started to like kick in. I got to read 0:10:20.160 --> 0:10:22.360 this book, you know, so I had to learn a lot, 0:10:22.400 --> 0:10:25.199 just because I didn't want to lose momentum on what 0:10:25.280 --> 0:10:27.079 was happening. And I didn't really, like I said, I 0:10:27.160 --> 0:10:30.040 want to sit there all day, but then you know, 0:10:30.080 --> 0:10:31.640 we can go from the story from there. But that 0:10:31.800 --> 0:10:34.160 was really the catalyst. I just wanted to help people. 0:10:34.640 --> 0:10:36.160 I knew I wasn't going to do it too much 0:10:36.200 --> 0:10:39.480 longer for free, but I think even when I was 0:10:39.520 --> 0:10:42.280 doing forty an hour, it really paste out more than 0:10:42.320 --> 0:10:44.600 what I was making at work. And now I'm looking 0:10:44.640 --> 0:10:47.400 at my work calendar like I'm not going to be 0:10:47.440 --> 0:10:50.640 able to be here much longer, Like I need to 0:10:50.640 --> 0:10:52.680 take off this day because if I could get these 0:10:52.679 --> 0:10:55.480 appointments in and the match just wasn't adding up. 0:10:56.240 --> 0:10:59.520 So did the knowledge and the subject area come from 0:10:59.559 --> 0:11:01.440 your experiences of dealing with so long? 0:11:01.800 --> 0:11:07.360 Okay, I was helping adults in college college's college. Okay, 0:11:08.040 --> 0:11:11.439 I was helping them in college understand their financial a package. 0:11:11.480 --> 0:11:14.200 We had to literally because their adults coach them in it, 0:11:14.280 --> 0:11:16.120 like two to four years. This is what your payment 0:11:16.160 --> 0:11:18.319 could look like. You know, are you okay with coming 0:11:18.320 --> 0:11:20.280 to school paying this because you know this payment is coming. 0:11:20.280 --> 0:11:22.679 So I was able to already teach that because that's 0:11:22.679 --> 0:11:24.679 what I didn't do every day for work. Yeah, okay, 0:11:24.640 --> 0:11:25.440 And I didn't know that. 0:11:25.320 --> 0:11:27.960 That was a yeah. I just remember being on campus 0:11:27.960 --> 0:11:30.800 and like had no idea what financial aid was and 0:11:30.960 --> 0:11:32.960 signing all these papers that were a lot of money. 0:11:33.240 --> 0:11:35.280 I had no idea what interest was. I didn't know 0:11:35.360 --> 0:11:37.439 what a co signer was. I just know like, yo, 0:11:37.520 --> 0:11:39.080 this is that's what we got to do to make 0:11:39.120 --> 0:11:40.000 it happen at school. 0:11:40.120 --> 0:11:42.040 So because we worked with adult learners, we had a 0:11:42.080 --> 0:11:45.000 responsibility I feel like, well we felt like at their 0:11:45.000 --> 0:11:47.760 school to teach and tell people because you know, think 0:11:47.760 --> 0:11:49.960 about it, when you're eighteen, you got a little while off. 0:11:50.120 --> 0:11:52.880 You might be a mom for a bit dad, but 0:11:52.960 --> 0:11:56.080 when you're an adult were already with bills. We kind 0:11:56.120 --> 0:11:57.760 of felt like we had a responsibility to tell people 0:11:57.800 --> 0:11:58.120 up front. 0:11:58.520 --> 0:12:00.920 That's a good population too. And I mean I've been 0:12:00.920 --> 0:12:04.480 in classes with the older students and it's like there 0:12:04.520 --> 0:12:07.800 were more focused because they knew that their time was 0:12:07.880 --> 0:12:10.120 limited as we were just sitting there like I can't 0:12:10.160 --> 0:12:11.600 wait for this be overs as a party leader. 0:12:12.160 --> 0:12:14.160 No, the ones with the highlighters with three you know 0:12:14.360 --> 0:12:16.560 exactly exactly like I'm gonna bea that student one day. 0:12:16.679 --> 0:12:18.920 Like all of the tricks and stuff, like everything you learned, 0:12:18.920 --> 0:12:21.079 you just you already knew that from your job or 0:12:21.120 --> 0:12:23.440 you just really just googled everything and just studied your 0:12:23.480 --> 0:12:23.959 life away. 0:12:24.160 --> 0:12:26.640 Well, so the job taught me a lot. But once 0:12:26.679 --> 0:12:28.559 I decided this is going to be my real dis 0:12:28.800 --> 0:12:31.000 like when I decided to lead my job, I started 0:12:31.000 --> 0:12:34.280 going to different conferences that was given by the Department 0:12:34.280 --> 0:12:37.720 of Education. Some conferences call some conferences were free. But 0:12:38.080 --> 0:12:41.680 like I would say, twenty fifteen through seventeen, I was 0:12:41.720 --> 0:12:45.720 at like every conference the Department Education or affiliated therewof 0:12:46.080 --> 0:12:48.679 the colleges therewove would have, I would be right there. 0:12:48.800 --> 0:12:51.040 And the very beginning I couldn't afford those conferences, so 0:12:51.160 --> 0:12:53.720 I would be on the volunteer committee and I would 0:12:53.760 --> 0:12:55.319 be on the welcome booth. I had a strategy I 0:12:55.320 --> 0:12:56.959 would be on a welcome booth for four hours and 0:12:57.040 --> 0:12:59.360 do could you're the rest of the conference for free? 0:13:00.120 --> 0:13:02.040 Had to get there, I mean, and then I was like, well, 0:13:02.040 --> 0:13:04.079 what girlfriend? Do I know? In DC? I mean, it 0:13:04.120 --> 0:13:06.800 was real, like you know, but I just really had 0:13:06.840 --> 0:13:09.360 a clear envision. I was never confused about what I 0:13:09.400 --> 0:13:12.000 wanted this to be. I just needed to not give 0:13:12.080 --> 0:13:12.680 up with myself. 0:13:12.720 --> 0:13:14.640 If that makes sense, Perfect sense. 0:13:14.679 --> 0:13:18.440 All right, So now you got the backstory, and we'll 0:13:18.559 --> 0:13:20.439 talk more about the branding and all that how you 0:13:20.480 --> 0:13:24.040 turned into a business. But let's let's dive into it 0:13:24.080 --> 0:13:26.520 as far as the meat and potato. So I got questions, 0:13:26.679 --> 0:13:28.880 I'm sure got questions. But the first question I want 0:13:28.920 --> 0:13:30.960 to ask is shout out to MG, the mortgage guy. 0:13:30.960 --> 0:13:32.640 I'm not sure if you saw the posted he did, 0:13:33.240 --> 0:13:34.880 but that was something I got a lot of traction 0:13:35.000 --> 0:13:36.600 on our on our page, and we posted and he 0:13:36.600 --> 0:13:38.959 said something to the to the effect that if you 0:13:39.040 --> 0:13:41.520 have to do a loan debt, not to do an 0:13:41.640 --> 0:13:44.199 FAHA loan or a conventional loan trying to buy a 0:13:44.240 --> 0:13:47.680 home first time home buyers, but to do an iv R, 0:13:47.800 --> 0:13:51.559 which I think it stands for income based repayment, So 0:13:52.040 --> 0:13:54.520 it got a lot of traction and people was asking like, 0:13:54.520 --> 0:13:56.680 what is the iburo? What does this mean? Can you 0:13:56.720 --> 0:13:59.160 decode this? So can you decode that a little bit? 0:13:59.320 --> 0:14:03.200 Yeah, so that really should be IDR. So IDR is 0:14:03.320 --> 0:14:06.320 basically the collection of different plans that are based on 0:14:06.360 --> 0:14:10.920 your repayment. So IBr is one repay pay in ICR. 0:14:11.760 --> 0:14:14.960 When Biden comes into office, the question is will Biden 0:14:15.080 --> 0:14:18.400 at a fifth plan or replace those plans with one plan? 0:14:18.760 --> 0:14:21.240 So that's what we're about to see. So right now, 0:14:21.800 --> 0:14:23.760 and this is really cool, and this is the best 0:14:23.760 --> 0:14:26.320 time that anybody with a lot of student loan that 0:14:26.440 --> 0:14:30.080 should be buying a house before laws change. When Republicans 0:14:30.120 --> 0:14:32.880 are in office, there are so many caveats and little 0:14:32.880 --> 0:14:35.480 programs and tricks that still get people to buy right. 0:14:35.600 --> 0:14:39.040 But when Democrats get in office, programs get closed down, 0:14:39.080 --> 0:14:41.960 shut down, they get very very conservative. So I'm a 0:14:42.040 --> 0:14:44.320 little nervous, just to be quite honest, with Biden taking 0:14:44.360 --> 0:14:47.280 office that the which you just announced is going to 0:14:47.320 --> 0:14:50.320 go away. So if that is the case, if you're 0:14:50.360 --> 0:14:52.240 watching this in real time, you might want to get 0:14:52.240 --> 0:14:55.200 your stuff together so you can get a home. So basically, 0:14:55.600 --> 0:14:59.400 if you have your loans on an income driven repayment plan. 0:15:00.160 --> 0:15:02.480 So right now, it's messing everybody up because we're in 0:15:02.560 --> 0:15:04.320 the Cares Act until January thirty. 0:15:04.320 --> 0:15:07.560 First, yes, yes, but it is. 0:15:07.480 --> 0:15:09.280 Messing some people up to buy a home because they 0:15:09.280 --> 0:15:11.640 would literally have to come out of that plan and 0:15:11.760 --> 0:15:12.920 go into repayment. 0:15:13.320 --> 0:15:13.440 Right. 0:15:14.000 --> 0:15:17.160 And so let's say, for example, somebody's loans were normally 0:15:17.160 --> 0:15:19.600 seven hundred a month. Well, seven hundred a month is 0:15:19.640 --> 0:15:21.920 a lot, like you already got a mortgage, right, So 0:15:22.000 --> 0:15:24.160 but then let's say based off of their income and 0:15:24.200 --> 0:15:27.840 their household size, they can get their loan down to 0:15:27.960 --> 0:15:29.840 two hundred a month. So which one on paper would 0:15:29.880 --> 0:15:33.000 you rather have? Two hundred to seven hundred two hundred? 0:15:33.280 --> 0:15:36.800 So two hundred is what a mortgage lender can use 0:15:36.840 --> 0:15:39.520 when looking at your debt to income ratio. But the 0:15:39.560 --> 0:15:42.960 caveat is you have to have my opinion over a 0:15:43.040 --> 0:15:45.880 seven to twenty credit score. Now, some people say seven hundred, 0:15:45.920 --> 0:15:47.440 but I account for them checking your credit and it 0:15:47.560 --> 0:15:50.200 going down. So and the reason that is is because 0:15:50.200 --> 0:15:53.920 conventional loans, the better your credit, the better you'll get 0:15:53.960 --> 0:15:56.920 in terms of your interest rate and less money you 0:15:56.960 --> 0:15:57.680 have to put down. 0:15:57.960 --> 0:16:00.600 Yeah, I laughed when you said the cares that because 0:16:00.840 --> 0:16:03.000 most people know if you owe student loan that you 0:16:03.160 --> 0:16:05.600 only there's no interest being charged up until the thirty 0:16:05.600 --> 0:16:09.960 first of January of twenty twenty one, and so that's 0:16:10.000 --> 0:16:12.600 an issue. But I actually knew about those replayment plans. 0:16:12.640 --> 0:16:15.760 They actually, you know, I own suit or a little 0:16:15.800 --> 0:16:16.320 bit a little bit. 0:16:16.400 --> 0:16:18.440 Can we even talk about that? For even people that 0:16:19.160 --> 0:16:21.800 have it might already know. But let's say kids are 0:16:21.800 --> 0:16:23.680 listening to it that's in college or they trying to 0:16:23.680 --> 0:16:27.920 make a decision. So it's the I cry the IV 0:16:28.360 --> 0:16:29.040 we can talk about. 0:16:30.080 --> 0:16:32.440 I was actually gonna go there. So the fourth it 0:16:32.520 --> 0:16:35.440 was paid repay, the IBr and ICR. The reason I 0:16:35.440 --> 0:16:38.120 found out is because when I was trying to get 0:16:38.120 --> 0:16:40.880 a loan forgiveness plan, I wasn't part of one of those, right, 0:16:40.960 --> 0:16:43.360 and so I got declined yes, and I was like, wait, 0:16:43.400 --> 0:16:45.480 what is this? And so yeah, can you go into 0:16:45.520 --> 0:16:47.200 the depth of the parameters of these, So. 0:16:47.160 --> 0:16:50.440 Let's go through it. So Obama, the Obama administration gave 0:16:50.560 --> 0:16:53.600 us the pay and the repay plan. So pay came 0:16:53.640 --> 0:16:55.960 out first. And that's for those that have new loans 0:16:56.040 --> 0:16:59.760 or newly consolidated loans in the direct loans program, you're 0:17:00.040 --> 0:17:03.720 payment is kepped at ten percent. Repay came out like 0:17:03.760 --> 0:17:05.879 because people went off, they were like upset, like, so 0:17:06.000 --> 0:17:08.280 I can't get my payment's lower. So then they came 0:17:08.320 --> 0:17:10.600 out what's called repay that said, if you just have 0:17:10.640 --> 0:17:13.679 a direct loan, doesn't have to be newly consolidated, you 0:17:13.680 --> 0:17:17.360 can get ten percent too, although more is forgiven over 0:17:17.400 --> 0:17:20.320 time under the pay plan than the repay plan. The 0:17:20.359 --> 0:17:24.640 IBr plan is the old fashioned income based repayment plan 0:17:24.720 --> 0:17:28.200 that everybody knows, and anybody listening should check their loans 0:17:28.200 --> 0:17:30.879 to see which plan they normally are under. Most people 0:17:31.000 --> 0:17:34.000 never switch out and they could actually lower their payment 0:17:34.040 --> 0:17:36.000 by going to repay from IBr. 0:17:36.280 --> 0:17:38.000 So you have based on how much you make, will 0:17:38.000 --> 0:17:39.280 determine how much you're gonna have to pay. 0:17:39.440 --> 0:17:44.320 Yes, so IBr is at a fifteen percent margin. ICR 0:17:44.560 --> 0:17:47.480 is at a twenty percent repayment. And if anybody's listening, 0:17:47.480 --> 0:17:49.960 they will write down if they had parent plus loans 0:17:50.280 --> 0:17:51.680 some such. You teach you, I want to write it 0:17:51.680 --> 0:17:55.679 out over No, No, I'm like okay, So ICR is 0:17:55.720 --> 0:17:59.320 twenty percent. Now, what Biden is proposing is the plan 0:17:59.400 --> 0:18:01.400 that they're saying he's coming out with will be at 0:18:01.600 --> 0:18:04.280 five percent. So some people are really going to see 0:18:04.440 --> 0:18:05.200 a good win. 0:18:05.080 --> 0:18:08.440 In terms of five percent of your of. 0:18:08.400 --> 0:18:11.719 Your expectation to be able to repay back loans. 0:18:12.320 --> 0:18:14.359 So if you borrow one hundred thousand, you only have 0:18:14.400 --> 0:18:15.960 to pay back five thousand. 0:18:16.240 --> 0:18:18.080 Oh no, five percent of your income. 0:18:18.200 --> 0:18:20.719 So the income five thousand, okay, right, So like if 0:18:20.720 --> 0:18:23.080 somebody had was making one hundred thousand, like with a 0:18:23.119 --> 0:18:25.119 teacher salary in New York, that could happen easily, right, 0:18:25.160 --> 0:18:28.880 and you have to pay fifteen percent. That's fifteen hundred dollars, right, 0:18:29.400 --> 0:18:31.320 And so like you have to make to get the 0:18:31.320 --> 0:18:33.080 forgiveness of the one I was singing. I think it's 0:18:33.080 --> 0:18:36.200 the PSLF right the public service. So if you're a teacher, 0:18:36.520 --> 0:18:38.359 if you're anything in a public service, you can get 0:18:38.359 --> 0:18:40.280 this loan forgive us. You'd have to make one hundred 0:18:40.280 --> 0:18:44.119 and twenty consecutive payments to qualify for it, and that 0:18:44.200 --> 0:18:47.119 started dates back to two thousand and seven. So this 0:18:47.160 --> 0:18:48.600 was the problem I ran into. I'm like, oh, bat, 0:18:48.640 --> 0:18:50.760 two thousand and seven, I haven't missed a payment. And 0:18:50.920 --> 0:18:53.159 twenty seventeen, it was my tenth year, and I was like, 0:18:53.240 --> 0:18:54.040 oh great, so. 0:18:54.000 --> 0:18:57.120 Then you need to look into what's called the TEPSLF. 0:18:57.720 --> 0:18:59.080 So I did it. I got to give it for 0:18:59.119 --> 0:19:02.480 another loan. Yeah. So then that's when I started researching. Wait, 0:19:02.680 --> 0:19:04.720 there's more loans out there for teachers, and so I 0:19:04.760 --> 0:19:07.120 did the Teacher Loan Forgiveness where it was like, if 0:19:07.119 --> 0:19:09.920 you are a highly qualified teacher in the subject at 0:19:09.960 --> 0:19:11.560 five years, and it has to be a title one 0:19:11.560 --> 0:19:15.240 schools less perfect. Yeah, two different the podcast. 0:19:16.600 --> 0:19:18.239 So what you're saying is okay, so let me ask 0:19:18.280 --> 0:19:20.080 your questions. You got to teach your loan forgiven? 0:19:20.480 --> 0:19:22.720 But did you get the te I did not. I 0:19:22.760 --> 0:19:22.960 did not. 0:19:23.160 --> 0:19:23.960 Did you apply yet? 0:19:24.119 --> 0:19:25.920 I did, but they told me I wasn't in one 0:19:25.920 --> 0:19:28.680 of those four qualifying ones. So I wasn't in paid 0:19:28.680 --> 0:19:31.320 repay IBr Oh wait, no te. 0:19:31.400 --> 0:19:32.600 Is different than PSLF. 0:19:32.720 --> 0:19:34.320 Okay, no, then I wasn't. I didn't get that. Yeah, 0:19:34.440 --> 0:19:35.640 h okay, I'm. 0:19:35.480 --> 0:19:38.959 Going to offline show you the other perfect so the 0:19:39.000 --> 0:19:42.760 government and then money stop might still be available. They 0:19:42.800 --> 0:19:45.960 gave a window of money for people that like him, 0:19:46.320 --> 0:19:49.119 had been paying since two thousand and seven, but was 0:19:49.160 --> 0:19:51.920 on a standard plan let's say, and he like, I've 0:19:51.920 --> 0:19:53.720 been paying so why am I not? And I worked 0:19:53.760 --> 0:19:57.159 for and so it's under a different program. It's just 0:19:57.359 --> 0:19:59.720 like a spin off of the PSLF. A lot of 0:19:59.760 --> 0:20:01.560 people I don't know about it. They talked about it 0:20:01.600 --> 0:20:04.680 one time on the news. I'm like, so, so I 0:20:04.720 --> 0:20:07.040 will show you where that's at. Last time I checked, 0:20:07.040 --> 0:20:08.400 there's still money availbile. 0:20:08.440 --> 0:20:10.080 Because it was like a bunch of people who applied, 0:20:10.080 --> 0:20:11.560 they had did the ten years, they had one hundred 0:20:11.560 --> 0:20:13.240 and twenty payments, and I think less than one percent 0:20:13.280 --> 0:20:14.919 of people actually God forgiveness. 0:20:14.960 --> 0:20:16.600 So then they told them to go back and apply 0:20:16.680 --> 0:20:18.399 for the second plan. I'm telling you about it, but 0:20:18.560 --> 0:20:22.119 it got confusing and people didn't do it. They closed it, 0:20:22.200 --> 0:20:24.840 they reopened it. So last time I check, I looked, 0:20:24.880 --> 0:20:26.280 literally the other day it's still open. 0:20:26.640 --> 0:20:29.840 Your m is about to blow up, Okay, but that's. 0:20:29.720 --> 0:20:32.480 Still you know. So I have to be weirdly knowledgeable 0:20:32.520 --> 0:20:34.840 about these things. And let me be very clear, like 0:20:34.920 --> 0:20:36.600 I don't work for solid man. I don't even like 0:20:36.800 --> 0:20:40.239 student loans. And a concept I like that people that 0:20:40.320 --> 0:20:43.160 come to us or come to me initially can get 0:20:43.200 --> 0:20:45.320 the help to move forward in life, because like if 0:20:45.359 --> 0:20:47.679 you walk away with one hundred percent forgiveness. After that, 0:20:47.760 --> 0:20:49.800 he gonna be lighting the burder around here, right, and 0:20:49.800 --> 0:20:51.919 then you're want to do something different with your money, 0:20:52.000 --> 0:20:53.560 Like I don't know how much you pay towards your 0:20:53.560 --> 0:20:56.080 student loans out of COVID, but that additional money can 0:20:56.119 --> 0:20:58.240 go to all the things you guys talk about, right, 0:20:58.480 --> 0:21:00.919 real estate and investment. But that'd be the number one 0:21:00.960 --> 0:21:04.240 reason why people do not get into growing their money 0:21:04.280 --> 0:21:05.520 because the student long death. 0:21:05.600 --> 0:21:08.560 Yeah, it makes you. It can make you stagnant, rights, 0:21:09.359 --> 0:21:11.199 it can make you depressed. It could leave you to 0:21:11.200 --> 0:21:12.560 a point where it's like, Yo, now I have to 0:21:12.600 --> 0:21:14.880 live at home longer than I expected. Now I can't 0:21:14.920 --> 0:21:18.400 afford to get a car. Now I can't afford to 0:21:18.440 --> 0:21:22.040 even be in a real relationship right because I can't 0:21:22.040 --> 0:21:24.360 have it. I can't I can't get married. I can't 0:21:24.400 --> 0:21:26.520 afford to do it. And so it stagnates your life 0:21:26.520 --> 0:21:28.000 from our decision that you made at eighteen. 0:21:28.119 --> 0:21:31.240 I gotta tell the story. Okay, so this is real, 0:21:31.600 --> 0:21:33.600 and then somebody's watching, it's gonna understand what I'm about 0:21:33.600 --> 0:21:37.240 to say. So if you are particularly like a black woman, 0:21:37.280 --> 0:21:39.440 and you're dating and you got six figure student on debt, 0:21:39.840 --> 0:21:41.119 I know, I come up being in mind at one 0:21:41.119 --> 0:21:43.000 point like how I'm not going to tell this man, right? 0:21:43.480 --> 0:21:45.920 So what happens? When I used to do want on 0:21:45.960 --> 0:21:48.200 one appointments in person? I missed those dings. Those were 0:21:48.200 --> 0:21:52.080 fun guys who used to book their fiance and girlfriends 0:21:52.080 --> 0:21:55.720 for appointments that the girls didn't know about. So they 0:21:55.720 --> 0:21:57.680 were come in like, well where are we at. I'm like, Hi, 0:21:57.760 --> 0:22:01.359 I'm thinking everybody knows. Nobody knows but him. And I'm like, 0:22:01.520 --> 0:22:03.840 so you didn't tell her? He's like, no, I'm going 0:22:03.920 --> 0:22:06.280 to get some lunch. He like just dropped the girl 0:22:06.320 --> 0:22:09.080 offt trail. She's arms folded, she's kight, And I'm like, 0:22:09.119 --> 0:22:11.919 oh god, and you might had like penny buds at work. Now, 0:22:11.960 --> 0:22:14.320 don't have that in office. So I was like, oh okay. 0:22:14.400 --> 0:22:15.960 So I was like, so here's what's going to happen. 0:22:16.200 --> 0:22:17.960 So we want to go through your loans and I 0:22:18.000 --> 0:22:20.119 said and to the girl. I remember she was so upset. 0:22:20.160 --> 0:22:22.120 She had that bad attitude. And then I just had 0:22:22.119 --> 0:22:24.119 to get real for like two seconds, you know, I 0:22:24.200 --> 0:22:25.560 was like, look, so look this was about to be 0:22:25.880 --> 0:22:28.080 I was like, I really think that this man likes you. 0:22:28.200 --> 0:22:31.000 He likes you enough to have booked disappointment. He thinks 0:22:31.040 --> 0:22:33.560 highly enough of you. That probably means he may want 0:22:33.600 --> 0:22:37.080 to propose get married soon. But he's very serious about 0:22:37.119 --> 0:22:39.159 his money and he's not going to propose to you 0:22:39.240 --> 0:22:41.480 unless you tackle your student loan. That because I think 0:22:41.520 --> 0:22:43.960 she told him right. So I said, so what we're 0:22:43.960 --> 0:22:45.600 going to do is we're going to put you on 0:22:45.640 --> 0:22:48.080 this plan. And I think she was eligible for PSL left. 0:22:48.119 --> 0:22:50.639 I said, and then when he comes back, you're going 0:22:50.720 --> 0:22:53.320 to tell him the game plan, like all excited, enthusiastic, 0:22:53.359 --> 0:22:54.480 you got it, but I don't know, Like I just 0:22:54.520 --> 0:22:56.920 think of a whole different person. And she was like, okay, 0:22:57.119 --> 0:22:58.680 So we did work it out to where a payment 0:22:58.720 --> 0:23:01.000 will be one thirty. She was in all on PSL left. 0:23:01.000 --> 0:23:03.720 And then you could see his face was like, oh, 0:23:03.880 --> 0:23:05.919 all right, okay, so but you're saying, is all she 0:23:05.960 --> 0:23:07.760 gotta do is so he was like real light after 0:23:07.800 --> 0:23:10.080 that because it was real tense. And then sure enough, 0:23:10.119 --> 0:23:12.359 you know, I stopped him. I wanted to see like 0:23:12.400 --> 0:23:15.080 six months later he proposed, but now, like I don't 0:23:15.080 --> 0:23:17.520 think he would have not proposed it. Well, we don't know, really, 0:23:18.080 --> 0:23:21.520 but he really needed to feel comfortable that she was 0:23:21.560 --> 0:23:23.640 on top of her loan day. And so it does 0:23:23.720 --> 0:23:26.200 come up in dating and trying to buy home together. 0:23:26.280 --> 0:23:28.960 Student loan, doctor, solash, marriage counselor. 0:23:28.680 --> 0:23:31.760 Salute, salute that man. So let me ask you this. Okay. 0:23:31.840 --> 0:23:36.640 So me, I'm a slow learner and fortunately I never 0:23:36.680 --> 0:23:40.760 had to deal with any of this stuff. So all 0:23:40.800 --> 0:23:42.480 of this stuff is like kind of foreign to me. 0:23:43.200 --> 0:23:45.840 So for people that you know, might be in the 0:23:45.880 --> 0:23:47.840 same boat as me, and they might have children, they 0:23:47.880 --> 0:23:49.920 might not affect them, but they might have children. So sure, 0:23:50.440 --> 0:23:53.000 let's try to let's try to unpack this a little bit. 0:23:53.080 --> 0:23:56.439 So it's like all these different loans, which one is 0:23:56.480 --> 0:23:58.879 the best loan to get in? I know that's like 0:23:58.880 --> 0:24:01.000 a hard question, but which one is the best loan 0:24:01.040 --> 0:24:03.720 to get in? And then if you are in a 0:24:03.920 --> 0:24:08.439 bad loan, how can you maneuver into a good one. 0:24:08.880 --> 0:24:11.600 So with the federal government, there's only like one type 0:24:11.600 --> 0:24:13.880 of loan. It's just a federal loan. Right, And so 0:24:14.080 --> 0:24:16.919 when we have students going to college, what's called them 0:24:16.920 --> 0:24:19.600 award letter. They'll be told if they get any grants, 0:24:19.640 --> 0:24:22.280 any scholarships, and then on the award letter it'll say 0:24:22.400 --> 0:24:27.040 unsubbed and sub right, and so submeans loans that have 0:24:27.200 --> 0:24:31.120 interests that's paid for by the government. Unsub means the interests. 0:24:31.119 --> 0:24:33.720 You're responsible from day one. As to Howard A. Cruz, 0:24:34.240 --> 0:24:36.680 parents get jammed up when they apply for what's called 0:24:36.720 --> 0:24:39.679 the parent plus loan. It's like the double child of 0:24:39.840 --> 0:24:43.760 student loans. Like it's bad, but they really make it 0:24:43.800 --> 0:24:46.840 to where parents get trapped with it's like kind of 0:24:46.840 --> 0:24:47.440 a private loan. 0:24:47.880 --> 0:24:49.879 Yeah, that was just going to say, that's a difference 0:24:49.880 --> 0:24:52.080 between the federal, the federal and the privates. 0:24:52.200 --> 0:24:54.359 Right, and because the interest rate is horrible, like seven 0:24:54.400 --> 0:24:57.440 point eight, most times they want you to go into 0:24:57.480 --> 0:25:00.360 repayment right away. They do hit and look get your 0:25:00.400 --> 0:25:02.480 credit and so then you got to decide who has 0:25:02.520 --> 0:25:05.480 better credit, Mom or dad when doing the application. If 0:25:05.520 --> 0:25:07.720 mom or Dad gets denied, the child can get two 0:25:07.800 --> 0:25:11.400 thousand additional per the semester. But if you're going anywhere 0:25:11.440 --> 0:25:13.399 outside of the state school, like if we're here in 0:25:13.400 --> 0:25:17.200 New York, that money should be enough to cover that tuition. 0:25:18.200 --> 0:25:20.800 But when people go to more expensive schools, what happens. 0:25:20.960 --> 0:25:21.639 They got to take. 0:25:21.480 --> 0:25:23.560 Out private, private. 0:25:23.200 --> 0:25:26.639 Loans, And now private loans are really like the death 0:25:26.640 --> 0:25:32.560 of our economy, particularly for black millennials, because everyone wants 0:25:32.640 --> 0:25:35.879 to go to an HBCU, right, but everybody's not getting 0:25:35.920 --> 0:25:39.080 full funding to go to an HBCU. So I see 0:25:39.119 --> 0:25:41.879 a lot of graduates that come out the most it 0:25:42.000 --> 0:25:46.320 can borrow is fifty seven thousand, five hundred undergrad and 0:25:46.440 --> 0:25:49.800 then they have like one hundred thousand and private loan debt. 0:25:50.160 --> 0:25:52.600 Let me be really clear, one hundred thousand private loan 0:25:52.720 --> 0:25:56.280 is different than one hundred thousand federal. And the reason 0:25:56.280 --> 0:25:58.359 it is is because if you owe one hundred thousand, 0:25:58.440 --> 0:26:01.560 your payment could still only be two hundred dollars based 0:26:01.600 --> 0:26:03.679 off your income and who you take care of. But 0:26:03.720 --> 0:26:06.040 with a private loan, that payment's going to be one 0:26:06.040 --> 0:26:07.919 thousand dollars with a period behind it. 0:26:08.240 --> 0:26:11.560 Then the f work comes for barance. So well, no, 0:26:12.440 --> 0:26:12.920 not with private. 0:26:13.119 --> 0:26:17.280 Federal can so federal loans all of these programs, income 0:26:17.280 --> 0:26:20.520 based programs, all of that, but private loans there's no 0:26:20.640 --> 0:26:22.520 kind of program to lower the payment. 0:26:22.880 --> 0:26:26.479 No, your lender may have something like NAVI and may say, well, 0:26:26.480 --> 0:26:29.080 we'll allow you to do something for bearance, but then 0:26:29.119 --> 0:26:32.000 the interest is still capitalizing the time you come out 0:26:32.000 --> 0:26:34.560 of it. The payment's now like thirteen hundred a month, 0:26:34.960 --> 0:26:38.480 so it's really no relief. Now, let me say this, 0:26:38.600 --> 0:26:42.240 there are only two states, Pennsylvania and Texas that will 0:26:42.280 --> 0:26:45.879 not allow private loan that to take over your income 0:26:45.960 --> 0:26:50.240 like garnish your wages. But New York definitely we get 0:26:50.280 --> 0:26:53.080 a lot of clients that call in crying literally because 0:26:53.359 --> 0:26:57.679 they get their paychecks snatched up to twenty five percent. Georgia, 0:26:57.720 --> 0:27:00.560 particularly Florida. I'm just thinking about where we get the 0:27:00.560 --> 0:27:04.800 most cast from with that issue, Boston, Massachusetts. So if 0:27:04.800 --> 0:27:07.119 you're listening to this and you have private loan debt, right, 0:27:07.119 --> 0:27:08.880 because I know that's the question that comes up a lot. 0:27:09.280 --> 0:27:11.760 The goal is to get your credit up as best 0:27:11.800 --> 0:27:15.439 as possible so that you can refinance your loans. This 0:27:15.560 --> 0:27:18.919 is the best time to refinance private loan debt. But 0:27:19.040 --> 0:27:22.879 I have an asterisk so because I do believe with 0:27:22.920 --> 0:27:24.919 the Biden administration that there is going to be a 0:27:24.960 --> 0:27:27.919 form of loan forgiveness ten thousand and fifty thousand or 0:27:27.920 --> 0:27:31.120 one hundred percent through the Higher Education Act of nineteen 0:27:31.200 --> 0:27:34.680 sixty five. The President elect is already allowed as soon 0:27:34.720 --> 0:27:37.320 as he takes office. He could just sign it off 0:27:37.880 --> 0:27:38.560 in one stroke. 0:27:40.720 --> 0:27:42.919 So that's that's that's a good point. It's still a 0:27:42.920 --> 0:27:45.240 loan debt. And so those are some of the proposals. 0:27:45.320 --> 0:27:48.320 Right there is everybody who has student federal student loan 0:27:48.359 --> 0:27:51.320 that outside we're going to confuse it with private they're 0:27:51.320 --> 0:27:53.159 going to get ten thousand dollars if he signs it, 0:27:53.240 --> 0:27:56.760 right or or the other proposal is we can do 0:27:56.840 --> 0:28:00.920 ten thousand for five years, right or completely wipe away 0:28:00.960 --> 0:28:02.000 everybody stood alone his. 0:28:02.000 --> 0:28:04.679 Program ten thousand for five years. That'll just passed probably 0:28:04.720 --> 0:28:07.200 through the Congress in the House. That's fine. But what 0:28:07.440 --> 0:28:10.840 we know he has the authority to do, every president 0:28:11.000 --> 0:28:14.000 has already had the authority to do. Is literally signed 0:28:14.119 --> 0:28:17.359 one hundred percent at one point nine trillion away. 0:28:17.440 --> 0:28:20.080 So here's my question. Right, let's say, because the average 0:28:20.080 --> 0:28:24.160 person right has under twenty five thirty two thousand dollars 0:28:24.160 --> 0:28:28.159 and shuit of loan, that there's no interest being applied 0:28:28.240 --> 0:28:30.399 right now, only the principle you can pay toward that. 0:28:31.560 --> 0:28:33.080 If we can do it, should we pay it off 0:28:33.119 --> 0:28:34.720 or should we wait to the administration to come in 0:28:34.760 --> 0:28:35.560 and see what happens. 0:28:36.119 --> 0:28:39.000 So I get that question like almost every day. So 0:28:39.080 --> 0:28:41.640 here's what I would say. There is going to be 0:28:41.720 --> 0:28:43.880 something coming, and you know a president likes to make 0:28:43.920 --> 0:28:46.120 his mark in the first one hundred days. Yeah, so 0:28:46.200 --> 0:28:48.440 for real, for real, you you could wait, like you know, 0:28:48.480 --> 0:28:48.880 about one. 0:28:48.840 --> 0:28:51.120 Hundred I'm asking for a friend, I'm asking for a 0:28:51.120 --> 0:28:52.920 frontone's watching this like right. 0:28:52.800 --> 0:28:54.720 Now, you know, one hundred and thirty days out. I 0:28:54.760 --> 0:28:57.120 would be on the minimum payment type of situation because 0:28:57.200 --> 0:28:59.800 if something did come, let's say the big number that 0:28:59.840 --> 0:29:02.800 the Democrats are pushing him to, it's fifty thousand, you 0:29:02.800 --> 0:29:05.040 would have your loans right clear, but you're not getting 0:29:05.080 --> 0:29:07.920 any money back that you put out right. So I think, 0:29:08.080 --> 0:29:09.960 you know, it's bad to say this out loud, but 0:29:10.000 --> 0:29:12.360 I would probably be a minimum payment to see what happens. 0:29:12.840 --> 0:29:13.760 So I noted. 0:29:13.880 --> 0:29:16.000 Let me ask you this as far as all right, 0:29:16.040 --> 0:29:19.320 So I guess the best student loan to get in 0:29:19.440 --> 0:29:22.080 is a federal loan out a private loan, Yes, the 0:29:22.160 --> 0:29:25.320 best one. So when you get in, So those options 0:29:25.320 --> 0:29:28.920 are just repayment options, Like there's only one federal student loan, right, 0:29:28.920 --> 0:29:30.760 It's not like different types of federal student loans. 0:29:30.760 --> 0:29:32.440 No, it's just one type of federal loan. The other 0:29:32.520 --> 0:29:34.480 federal loans that they used to have, which are called 0:29:34.640 --> 0:29:39.000 f f el or f f ELP or perkinsans. Yeah, 0:29:40.960 --> 0:29:44.440 those are more so with colleges. Universities would give out 0:29:44.480 --> 0:29:47.680 on behalf of the government. Those loans and programs have stopped. 0:29:48.160 --> 0:29:50.000 If you are listening to this and you have an 0:29:50.080 --> 0:29:53.040 f f el or f f el P or Perkins loan, 0:29:53.480 --> 0:29:56.760 you should look into consolidating your loans into the direct 0:29:56.800 --> 0:30:00.360 loans program so that you can take advantage of any 0:30:00.440 --> 0:30:04.400 forgiveness that's coming. Because this current administration does not get 0:30:04.440 --> 0:30:08.239 paid or even the Care Act. If you had a 0:30:08.560 --> 0:30:10.840 loan that wasn't a direct loan even in the KRESAC, 0:30:10.880 --> 0:30:12.640 they didn't pay for your loans right now, or they 0:30:12.640 --> 0:30:15.720 didn't cover your loan deck. So you probably want to 0:30:15.720 --> 0:30:17.720 look into consolidation and see if it's a good fit. 0:30:18.080 --> 0:30:20.720 So, I mean it puts especially parents you know who 0:30:20.720 --> 0:30:24.320 come from working class you know homes, because a lot 0:30:24.360 --> 0:30:26.960 of times when you apply for student loans and your 0:30:26.960 --> 0:30:29.640 parents make a certain amount or a decent living, you're 0:30:29.680 --> 0:30:31.680 not going to get any right most times, Like I 0:30:31.720 --> 0:30:35.040 remember applying for student loans and I got like two 0:30:35.160 --> 0:30:37.440 hundred and forty six dollars. I'm like, this is like 0:30:37.480 --> 0:30:39.520 one book, and so it forces you almost to say, 0:30:39.520 --> 0:30:40.640 like I got to take out this loan and I 0:30:40.640 --> 0:30:43.000 got to go to private route. So what are we 0:30:43.000 --> 0:30:45.280 doing in those scenarios? Is it just like try your 0:30:45.280 --> 0:30:47.680 basket scholarships or look for grants? What are we supposed to. 0:30:47.680 --> 0:30:49.280 Do so a student going into college? 0:30:49.320 --> 0:30:49.520 Yeah? 0:30:49.800 --> 0:30:52.160 Right, So a couple of things. If you're a student 0:30:52.200 --> 0:30:53.760 listening to this, I know you guys do have a 0:30:53.800 --> 0:30:56.760 good audience that's younger. You know, I believe it what's 0:30:56.800 --> 0:31:01.600 called scholarship Sundays. So I would recommend that started, uh, 0:31:02.120 --> 0:31:05.200 sophomore in junior year, you start looking for the scholarships 0:31:05.200 --> 0:31:08.400 you're gonna apply to most times in junior year, right, 0:31:08.840 --> 0:31:10.600 and the challenge but all of this is and what 0:31:10.640 --> 0:31:14.520 it comes down to is as parents, we don't prepare 0:31:14.880 --> 0:31:18.280 weld enough. And by no fault to anybody listening, like, 0:31:18.360 --> 0:31:21.120 don't feel bad that you didn't prepare, but just know 0:31:21.280 --> 0:31:24.840 that this generation right here, the millennial generation, has to 0:31:24.880 --> 0:31:27.200 be the one that ends the loan. That Like, first off, 0:31:27.240 --> 0:31:29.760 if you're listening to your podcast and they're listening, they 0:31:29.800 --> 0:31:32.360 shouldn't even be thinking about their child having to take 0:31:32.360 --> 0:31:35.080 out stud loans. Like that's kind true digtive. Everything you 0:31:35.080 --> 0:31:36.560 guys teach in terms of well filled. 0:31:37.320 --> 0:31:39.040 We just had this conversation of the night, like whose 0:31:39.040 --> 0:31:43.120 responsibility is is it? The parents are acting preparation the issue. 0:31:43.120 --> 0:31:46.200 Look, I'm like, I'm at we first. 0:31:46.000 --> 0:31:48.400 Like so a lot of us are first generation college graduates, 0:31:48.440 --> 0:31:50.400 and so like our parents, my parents are our from 0:31:50.440 --> 0:31:52.440 this country, they didn't they don't know these things, and 0:31:52.480 --> 0:31:54.880 so like now I'm looking at my responsibility for my children. 0:31:54.920 --> 0:31:56.880 It's like, we don't. We're never gonna have to. 0:31:56.800 --> 0:31:58.640 Take so so all right, so let me ask you 0:31:58.680 --> 0:32:00.600 this because fortunately like saying I don't have to go 0:32:00.600 --> 0:32:02.200 through this process because I play basketball and I had 0:32:02.200 --> 0:32:02.720 a scholarship. 0:32:02.960 --> 0:32:04.120 He's a scholarship. 0:32:06.320 --> 0:32:07.080 A little different. 0:32:09.280 --> 0:32:10.719 That's where you don't got a student loan. That that's 0:32:10.760 --> 0:32:11.360 what you look like. 0:32:13.240 --> 0:32:16.000 Right now over there, He's. 0:32:15.880 --> 0:32:18.280 Like, what is this? F h A you're talking about? Troy? 0:32:18.320 --> 0:32:19.640 You got to work on your jump shot. 0:32:20.880 --> 0:32:24.520 I'm like, yeah, I. 0:32:24.400 --> 0:32:27.040 Had scholarships in college. Can I be believe really honest 0:32:27.080 --> 0:32:29.720 with you, I just didn't have guidance to tell me 0:32:29.760 --> 0:32:32.480 then not take out the refund check. So I didn't 0:32:32.480 --> 0:32:34.880 have a lot. I'm gonna be real. Like in college show, 0:32:35.120 --> 0:32:39.680 I was living I'm living good now, but in college 0:32:39.720 --> 0:32:41.160 I was living right under this level. 0:32:41.200 --> 0:32:42.920 And I know that's not weird, but I had a 0:32:42.960 --> 0:32:45.240 full ride refund checked week. 0:32:45.200 --> 0:32:48.280 No fuddy as a young black kid. Somebody saying, come 0:32:48.320 --> 0:32:52.120 to the bursar's office and pick up five thousand every semester. 0:32:53.040 --> 0:32:57.600 What true religious? Yo, listen, true religious? If you was 0:32:57.680 --> 0:32:59.480 my friend, I got you up here. I didn't want 0:32:59.480 --> 0:33:01.880 to walk on kid. We didn't look fly together. We're 0:33:01.880 --> 0:33:04.840 not eating campus food. We're gonna run lobster and I'm 0:33:04.880 --> 0:33:06.280 like the first half of car you a College was 0:33:06.280 --> 0:33:08.120 so fun, But that's because I had a lot of 0:33:08.120 --> 0:33:11.160 money coming in from scholarships that the refunds that I 0:33:11.240 --> 0:33:13.920 did take was like play money because I didn't understand them, 0:33:14.440 --> 0:33:17.280 if that makes sense. Yeah, Like Sundays. 0:33:16.760 --> 0:33:20.480 We're all here eating, yo, like made us overhead. 0:33:20.560 --> 0:33:23.160 You know, if I had real friends, I kind of 0:33:23.200 --> 0:33:25.440 brought a lot of friendships because I I've always been 0:33:25.840 --> 0:33:27.600 very generous and I have a good heart and I'm 0:33:27.600 --> 0:33:29.800 really if I eat, you eat, That's how I feel. 0:33:30.200 --> 0:33:31.760 And it used to be to the point look at 0:33:31.800 --> 0:33:36.200 the Brian's like you said yes, yeah, so like on Sundays, 0:33:36.240 --> 0:33:38.600 it's like, so digress. But like I was like, all right, 0:33:38.640 --> 0:33:40.600 I'm cooking. I'm not a cook. I'm like, if you 0:33:40.680 --> 0:33:44.040 want to contribute to stories, I'm like, put the pack 0:33:44.080 --> 0:33:46.000 of fish with your name on the city so I 0:33:46.040 --> 0:33:47.840 know that you can come back. Because they would drop 0:33:47.920 --> 0:33:49.680 up all types of food. Oh my god, friends and 0:33:49.680 --> 0:33:51.840 a lot of goudfriends, like you could do five fishes 0:33:51.880 --> 0:33:52.720 dropped off at the door. 0:33:53.400 --> 0:33:54.920 Yeah like that. 0:33:56.040 --> 0:34:00.440 And then all that college I had this this a 0:34:00.480 --> 0:34:04.360 true story. I know one year, for one year straight, 0:34:04.400 --> 0:34:05.960 I ate tuna fish every day. 0:34:05.760 --> 0:34:08.680 For one year on year straight. Eight mom and noodles. 0:34:08.680 --> 0:34:11.440 And imagine that wall being stacked that with MoMA noodles. 0:34:11.600 --> 0:34:14.880 Beef shrimp you want today, I don't want that. 0:34:15.080 --> 0:34:18.200 I was like, we got options, beef oil. 0:34:18.800 --> 0:34:20.680 I haven't had tun official and I still eat it 0:34:20.719 --> 0:34:22.279 every once in a while, but now I eat it 0:34:22.320 --> 0:34:24.920 in a salad. I was eating it on a sandwich 0:34:25.040 --> 0:34:26.160 like jacked up. 0:34:26.640 --> 0:34:26.759 Na. 0:34:26.840 --> 0:34:29.600 You know the thing about it is playing sports. So 0:34:29.600 --> 0:34:31.560 so my first two years was in Maryland, my next 0:34:31.600 --> 0:34:35.360 two years was in Hawaii. So Maryland, the scholarship included 0:34:35.560 --> 0:34:38.600 just the cafeteria food and dorm rooms and all that. 0:34:38.640 --> 0:34:41.200 When I went to Hawaii, everything was paid for, but 0:34:41.239 --> 0:34:42.719 they gave me a check. They gave me a check 0:34:42.719 --> 0:34:44.480 for like six thousand dollars and then that was to 0:34:44.520 --> 0:34:47.799 pay for my off campus apartment, pay for food and 0:34:47.840 --> 0:34:50.040 all of that. So I blew it. I was on 0:34:50.040 --> 0:34:51.640 my own, so I was just going grocery shopping. But 0:34:51.640 --> 0:34:52.799 I ain't I didn't know how to cook. I had 0:34:52.840 --> 0:34:54.239 a form and grow. I was just putting anything on 0:34:54.239 --> 0:34:57.160 the form and grow. And then I was just making friends. 0:34:58.120 --> 0:35:01.000 Yeah, we thought we was, I mean eleven hours away. 0:35:01.640 --> 0:35:02.560 It was back in New York. 0:35:05.760 --> 0:35:08.640 So yeah, so you know it was. It was tough, 0:35:08.680 --> 0:35:10.640 but we made it through. We made it through. We 0:35:10.680 --> 0:35:11.200 made it through. 0:35:11.520 --> 0:35:18.560 You see what I'm saying that you can put tune 0:35:18.600 --> 0:35:20.120 in your salad when you're got pray student loan. 0:35:20.320 --> 0:35:22.919 So it so let me ask you this. So yeah, 0:35:22.960 --> 0:35:25.880 so as far as parents, right, it's interesting what you 0:35:25.880 --> 0:35:27.480 just said. You said, if they're listening to this, they 0:35:27.480 --> 0:35:30.080 shouldn't even be worried about that. So what is your 0:35:30.120 --> 0:35:35.399 advice for parents? Like, because it's like, all right, so 0:35:35.520 --> 0:35:38.200 if they can't afford to send their kids to college, right, 0:35:39.280 --> 0:35:42.560 should they just go community college and then state school 0:35:42.640 --> 0:35:45.520 and just only do federal like should they never do 0:35:46.320 --> 0:35:48.560 At what point does it make sense to do student 0:35:48.600 --> 0:35:50.320 loans or does it really make sense to do to 0:35:50.360 --> 0:35:50.600 the loan? 0:35:50.680 --> 0:35:52.680 So some license but not a license in this section 0:35:52.760 --> 0:35:55.279 something with teater lightly, but I think it would be 0:35:55.400 --> 0:35:57.960 best to be everyone to google the five to nine 0:35:58.000 --> 0:36:00.800 plan in their state and then talk to since professional 0:36:01.120 --> 0:36:03.200 that can talk to you about a five to nine plan, 0:36:03.480 --> 0:36:06.040 because if you are I call what's called the sticky 0:36:06.080 --> 0:36:08.879 middle middle classes, what's called the sticky middle not enough 0:36:08.920 --> 0:36:12.439 to get a full grant ride, but not wealthy enough 0:36:12.480 --> 0:36:15.280 to pay out a pocket right, So that sticky middle 0:36:15.360 --> 0:36:17.960 is that's where a lot of people suffer. They're like, oh, 0:36:18.000 --> 0:36:20.520 you should be able to contribute to your child's education, 0:36:21.040 --> 0:36:24.480 and most people can't. So what happens is the student loan, 0:36:24.520 --> 0:36:26.440 that the private loan, that the parent plus loan that 0:36:26.520 --> 0:36:28.920 comes into play. But there is something called really a 0:36:28.960 --> 0:36:31.279 big proponent a fan of, called the five to nine plan, 0:36:31.600 --> 0:36:34.080 where someone that has a child early on or a 0:36:34.120 --> 0:36:38.319 grandchild can start to contribute to their child's education. And 0:36:38.360 --> 0:36:40.480 we can have a five to nine party every year 0:36:40.560 --> 0:36:43.000 or on the birthday So I know a few people 0:36:43.080 --> 0:36:45.960 that their child at age nine has their college fully 0:36:46.000 --> 0:36:47.520 paid for at today's prices. 0:36:47.640 --> 0:36:50.920 So the five to nine party, no gifts would just contributed. 0:36:50.480 --> 0:36:52.759 To the plane literally bringing it like you can find 0:36:52.800 --> 0:36:55.040 a deposit or you can just bring a twenty like that. 0:36:55.120 --> 0:36:56.640 You can write a check too from check book the 0:36:56.680 --> 0:36:59.799 five twenty nine a few times on a podcast. All right, 0:36:59.840 --> 0:37:02.719 So your philosophy is like you should be playing to 0:37:02.719 --> 0:37:03.560 pay for college. 0:37:03.680 --> 0:37:06.520 Don't rely on because you know that our culture and 0:37:06.680 --> 0:37:10.120 when I say our African Americans, we don't believe in 0:37:10.200 --> 0:37:12.520 picking up the ten for our kids in this extent. 0:37:12.960 --> 0:37:15.759 But in other cultures, like I've been studying this, it 0:37:15.920 --> 0:37:17.920 is expected that the parent pays for that. 0:37:18.280 --> 0:37:18.960 It's like a wedding. 0:37:19.160 --> 0:37:21.040 Yeah, but in our culture, what do we pay for it? 0:37:21.120 --> 0:37:23.600 Right at all? Oh? 0:37:23.640 --> 0:37:27.719 Yeah, problems we do that any weddings, right car baby showers, baby. 0:37:27.400 --> 0:37:31.600 Showers show we get the more baby showers and weddings, 0:37:32.120 --> 0:37:33.120 that's the fact, right. 0:37:33.600 --> 0:37:38.839 The Birdberry shirt was a staple at baby shower. 0:37:38.880 --> 0:37:42.439 That's how you know who the father was the Burberry shirt. 0:37:42.440 --> 0:37:46.759 That's not you know what also too, and to go 0:37:46.880 --> 0:37:49.440 along with that, is that we got to change the 0:37:49.440 --> 0:37:52.279 stigma on community college. Yes, especially in New York. Man 0:37:52.800 --> 0:37:55.560 it's like people feel like I feel like I'm not 0:37:55.600 --> 0:37:59.880 going anywhere. Yes, Like number one, if you get a 0:38:00.239 --> 0:38:02.520 if you get a level arts degree, it won't matter 0:38:02.560 --> 0:38:07.120 because you're gonna be able to he's dying. It won't matter. 0:38:07.120 --> 0:38:09.200 I mean, you can still transfer after two years plus 0:38:09.239 --> 0:38:11.960 you're gonna save yourself maybe fifty to one hundred thousand 0:38:12.040 --> 0:38:13.920 dollars by just staying home. You know what I mean. 0:38:13.960 --> 0:38:15.839 You're not paying rumin board, You're still eating a home. 0:38:16.040 --> 0:38:16.520 Here's the head. 0:38:16.600 --> 0:38:17.480 The stigma's crazy. 0:38:17.600 --> 0:38:21.240 I'm a reformed college professor, right, and I could teach 0:38:21.239 --> 0:38:23.200 at a community college or I could teach at a 0:38:23.239 --> 0:38:27.160 private institution. It was the same class, the same textbook. 0:38:27.600 --> 0:38:30.080 I just got paid a little different. But the students 0:38:30.120 --> 0:38:32.480 were paying at the community college to see me on 0:38:32.520 --> 0:38:35.279 Tuesday three hundred dollars. At the private college they were 0:38:35.320 --> 0:38:41.680 paying sixteen hundred class, same professor, same book. Just catch 0:38:41.760 --> 0:38:42.600 me on a different show. 0:38:43.400 --> 0:38:47.560 And once you it's like, if you have a bachelor's 0:38:47.560 --> 0:38:50.080 degree and you went to community college, they don't count 0:38:50.120 --> 0:38:52.320 your associate The only thing that matterges your bachelor's degree. 0:38:52.480 --> 0:38:54.359 You have a master's degree. The only thing that really 0:38:54.360 --> 0:38:56.120 manages your master's degree. So like a lot of people 0:38:56.160 --> 0:38:58.239 even think like the first four years if you if 0:38:58.280 --> 0:39:00.319 you know you're going to be a doctor, like go 0:39:00.360 --> 0:39:02.480 to a good undergrad but don't spend all of your 0:39:02.520 --> 0:39:04.920 money on it, like because your master's program is can 0:39:04.920 --> 0:39:07.080 be more important. Like you know, he went to community college, 0:39:07.640 --> 0:39:11.439 Barack Obama, No nobody knows that because they only look 0:39:11.440 --> 0:39:13.799 at Harvard. I think he went to where do you 0:39:13.840 --> 0:39:16.279 go before Harvard? Columbia? He went to Columbia, and he 0:39:16.280 --> 0:39:19.000 went to Harvard. So it's like they only look at 0:39:19.040 --> 0:39:20.560 that part of it, but they didn't look at the 0:39:20.560 --> 0:39:23.839 two years he spent in community college. Nobody cares. But 0:39:23.960 --> 0:39:26.200 now it's two years that you're going for next to nothing, 0:39:26.719 --> 0:39:30.160 and a lot of kids aren't mature enough to actually 0:39:30.160 --> 0:39:32.000 go away from home and they make a lot of mistakes. 0:39:32.000 --> 0:39:34.360 So that's like, you know, it's the time to actually 0:39:34.640 --> 0:39:38.160 develop and grow as a person. And now you got 0:39:38.160 --> 0:39:39.799 two years on your belt, and now you can get 0:39:39.840 --> 0:39:40.759 another two years if you want. 0:39:40.800 --> 0:39:43.040 I'm gonna be honest with you. With COVID, I would 0:39:43.080 --> 0:39:46.680 be pissed if I was paying that tuition and I'm 0:39:46.719 --> 0:39:51.319 home with my friend that's home on the same platform 0:39:51.320 --> 0:39:54.759 paying way less tuition. Like that's crazy, like I would 0:39:54.800 --> 0:39:57.760 be enrolling and switching over to another school like personally. 0:39:57.800 --> 0:39:59.560 So let me ask you this. As far as forbearans, 0:40:00.200 --> 0:40:04.360 there's general forbearance and administrative forbearance. What is the difference 0:40:04.400 --> 0:40:05.200 between those two? 0:40:05.360 --> 0:40:08.160 So general for baras, I'll give you examples, like when 0:40:08.320 --> 0:40:10.920 you need to call your lender like I don't got it, 0:40:11.040 --> 0:40:13.520 Like so in thirty six months in the lifetime of 0:40:13.520 --> 0:40:16.520 your loan that you can just extend in no questions asked. 0:40:16.800 --> 0:40:19.480 Then you have what's called administrative for barans from the 0:40:19.480 --> 0:40:24.160 government for whatever they determine as a permissible reason they 0:40:24.239 --> 0:40:27.560 can cover your interests, right. And then you have what's 0:40:27.600 --> 0:40:30.759 called economic deferment. That's when people don't know about this one, 0:40:30.760 --> 0:40:33.359 but that's when you get laid off or you lost 0:40:33.400 --> 0:40:36.080 your job, you have some paperwork that says that instead 0:40:36.080 --> 0:40:38.640 of using your general forbearance moms, you want to use 0:40:38.640 --> 0:40:41.400 your economic deferment. Or if you live in an area 0:40:41.440 --> 0:40:45.120 that has really bad weather like hurricanes and so forth, 0:40:45.360 --> 0:40:48.560 there's weather related deferments too that people can get so 0:40:48.560 --> 0:40:50.640 that you don't have to again run through your thirty 0:40:50.680 --> 0:40:51.240 six months? 0:40:51.239 --> 0:40:54.239 How do you how would you know that? Do you like? 0:40:54.280 --> 0:40:56.839 Because I didn't know that? Do you have to call 0:40:56.920 --> 0:40:59.239 your lender? Like, yeah, you do? You offer weather for 0:40:59.280 --> 0:41:00.839 a barans? Do you all for job? 0:41:01.239 --> 0:41:04.000 Well, it's a government program, but it's again it's not 0:41:04.560 --> 0:41:07.960 fully advertised. See that's the problem again with a lot 0:41:08.000 --> 0:41:11.560 of our lenders in their website. Some websites some lenders 0:41:11.640 --> 0:41:14.160 is super easy click here, go here. Some are like 0:41:14.560 --> 0:41:17.719 contact that's an ingle hole for what thirty minutes? And 0:41:17.760 --> 0:41:19.680 then people just like, oh, forget it, I'm not about 0:41:19.680 --> 0:41:21.800 to pay them now. It hits your credit. It's a 0:41:21.840 --> 0:41:22.720 cycle that happens. 0:41:23.000 --> 0:41:25.080 So I got like a two part question. So do 0:41:25.280 --> 0:41:27.759 COVID obviously count as an economic event? One? 0:41:27.880 --> 0:41:31.040 Well, no administrative forbearance now that's what we're under with 0:41:31.080 --> 0:41:33.520 the care says because it's a government enforced So. 0:41:33.520 --> 0:41:37.080 And on the thirty first of January, that's done, and 0:41:37.120 --> 0:41:39.480 now people are back into regular forbearans. 0:41:39.880 --> 0:41:41.360 No, they're the real wor oh. 0:41:41.760 --> 0:41:44.160 Payment time, payment time. So then if we're back in 0:41:44.160 --> 0:41:46.279 payment time, people can now apply for how long is 0:41:46.320 --> 0:41:47.680 that sixty twelve months or just six months? 0:41:47.640 --> 0:41:50.120 We don't know how much they have left, Okay, I mean. 0:41:50.000 --> 0:41:51.360 It took thirty six months. 0:41:51.200 --> 0:41:53.319 Okay, but by the time somebody listens to this, they 0:41:53.400 --> 0:41:55.920 probably out, Like you know, and if they had f 0:41:56.000 --> 0:42:00.920 FLP loans or Perkinsons, they didn't qualify for the the 0:42:01.600 --> 0:42:03.320 administrator for Barents, so they could have used some of 0:42:03.320 --> 0:42:04.640 their general for Barans mouths on it. 0:42:05.760 --> 0:42:09.440 So like bankruptcy, right, that's one of the things that 0:42:10.760 --> 0:42:12.759 how does that affect How does like student loan play 0:42:12.760 --> 0:42:13.520 a part into that? 0:42:13.800 --> 0:42:14.200 Oh? 0:42:14.239 --> 0:42:18.439 Well, you know my girlfriend Elizabeth Warren not really my girlfriend, 0:42:18.680 --> 0:42:21.319 I'm just such a fan. So she is trying to 0:42:21.719 --> 0:42:24.240 She just put a proposal through to revise the Chapter 0:42:24.320 --> 0:42:28.120 ten bankruptcy laws to say, hey, we need to include 0:42:28.320 --> 0:42:33.560 federal loan debt as a major economic impact. Like the 0:42:33.600 --> 0:42:35.920 wording you can go look it up, but basically she 0:42:36.000 --> 0:42:37.840 wants you to be able to give one hundred percent 0:42:37.920 --> 0:42:42.239 forgiving through Chapter ten bankruptcy. Now, somebody uneducated is going 0:42:42.320 --> 0:42:45.239 to watch this and go, I don't want to found bankuptcy. 0:42:45.719 --> 0:42:47.200 Like you can go to my page and watch it, right, 0:42:47.480 --> 0:42:48.800 and you used to see all the comments I'm like 0:42:48.880 --> 0:42:52.360 m M and other cultures bankruptcy is a tool for 0:42:52.400 --> 0:42:55.400 a financial reset. So if you're watching this and you 0:42:55.480 --> 0:42:58.440 are twenty seven years old, you're thirty two. I'm not 0:42:58.640 --> 0:43:01.280 be funny you you was up to thirty two bad credit. 0:43:01.280 --> 0:43:04.160 You could go like seven more years and then get 0:43:04.520 --> 0:43:07.360 a fresh restart. But the challenge is we just have 0:43:07.440 --> 0:43:09.960 to be more knowledgeable on what a bankruptcy would look like. 0:43:10.200 --> 0:43:12.200 You know, per you now are you're married? Right? 0:43:12.280 --> 0:43:12.520 Yeah? 0:43:12.560 --> 0:43:14.920 Okay, So how it would go with or how it 0:43:15.000 --> 0:43:18.000 should go if let's say Troy takes from the bankruptcy 0:43:18.040 --> 0:43:20.200 because he wants to clear his loan deck. So then 0:43:20.239 --> 0:43:22.479 we know that his wife is going to be having 0:43:22.520 --> 0:43:24.640 a lot of assets in her name for about seven 0:43:24.719 --> 0:43:27.080 years and then well we don't know what could go 0:43:27.160 --> 0:43:29.680 left or what happens. And other cultures, the Jewish cultures, 0:43:29.960 --> 0:43:32.440 when you're done, the wife would then go into bankruptcy 0:43:32.480 --> 0:43:34.319 and then you would have the perfect credit score. Does 0:43:34.360 --> 0:43:36.600 that make sense that there's a switch out? So like 0:43:36.640 --> 0:43:39.040 there's nobody ever like paying anything you. 0:43:39.000 --> 0:43:40.840 Had mentioned that like as far as like even in 0:43:40.840 --> 0:43:43.880 a relationship, you shouldn't have everything mingled. 0:43:44.080 --> 0:43:46.480 No, no, no, I already got new. 0:43:47.520 --> 0:43:51.840 About their personal No, that's that's valuable information because in 0:43:51.880 --> 0:43:54.200 my mind I always thought like, yo, student that was 0:43:54.239 --> 0:43:57.160 with you and student loan was with you until you died. Right, 0:43:57.160 --> 0:43:58.839 It was like that there's no way to get out 0:43:58.840 --> 0:44:00.520 of that but bankrupcy hopefully. 0:44:00.840 --> 0:44:03.360 But that's the gym, not like I don't want to 0:44:03.360 --> 0:44:06.640 breeze over that point. Why should it not be mingled? 0:44:07.280 --> 0:44:11.040 Okay, yeah, no, So what happens is again because we 0:44:11.080 --> 0:44:13.640 don't I'm gon keep talking about our culture as an 0:44:13.680 --> 0:44:16.319 African American culture. I do a lot of start thought 0:44:16.400 --> 0:44:19.040 and study around this. We don't know enough to look 0:44:19.080 --> 0:44:22.439 at each person as an individual, business and entity. Right, 0:44:22.520 --> 0:44:25.600 So let's say we're married. Shot, right, I don't want 0:44:25.680 --> 0:44:28.120 everything in both of our names on paper, because now 0:44:28.239 --> 0:44:31.080 the bank is looking like we're looking real tied up together. 0:44:31.560 --> 0:44:35.240 My credit is affected, his credit is affected. Everybody shows 0:44:35.239 --> 0:44:37.920 that they're the DTI is super high. But you gotta 0:44:38.000 --> 0:44:41.000 trust who you're about to marry. Right, So let's say 0:44:41.080 --> 0:44:44.399 the loan goes into Shat's name, but I am going 0:44:44.440 --> 0:44:46.520 to be on the d you see what I'm saying. 0:44:48.000 --> 0:44:50.680 And then now maybe I get the investment property in 0:44:50.960 --> 0:44:53.120 my name, and then he's going to go on to 0:44:53.280 --> 0:44:56.960 the deed as well. But from a long standpoint, from 0:44:57.000 --> 0:45:00.000 a credit standpoint, we have two separate properties. We're not 0:45:00.000 --> 0:45:01.399 I can mingle on the same loan. 0:45:02.320 --> 0:45:04.360 That's that's a gym right there. That's a gym right there. 0:45:04.360 --> 0:45:06.360 Because a lot of time people dont full understand Julian Gordon. 0:45:06.600 --> 0:45:08.680 You ever heard of him, You know, he's a he's 0:45:08.719 --> 0:45:11.120 a real estate job and that's what he's talking about. 0:45:11.120 --> 0:45:14.480 Like he said, don't buy your first property when you're married. 0:45:14.600 --> 0:45:17.480 You should buy like when you're engaged. Each person buy 0:45:17.520 --> 0:45:19.640 a property that way when you get married. Now you 0:45:19.719 --> 0:45:24.280 got two properties, two different people's names, and it increases 0:45:24.320 --> 0:45:27.600 your wealth. It doubles your wealth as opposed to doing it, 0:45:27.800 --> 0:45:28.239 it's just. 0:45:28.280 --> 0:45:30.360 One yeah, no, we're not doing that, and then. 0:45:30.840 --> 0:45:31.560 We're not doing it. 0:45:33.239 --> 0:45:35.759 Should be you know, it should be a duplex or 0:45:35.760 --> 0:45:38.120 triplex or a quiplex if you're lucky to find one 0:45:38.120 --> 0:45:39.880 and you like it and you're okay living, you know, 0:45:39.960 --> 0:45:42.480 the tight quarter, because it really is if you do 0:45:42.520 --> 0:45:45.080 this right, business is a uh yeah, I said, the 0:45:45.200 --> 0:45:48.840 right marriage is a business. And so what could happen 0:45:48.920 --> 0:45:50.880 is let's say we get that quiet, we're in that 0:45:50.960 --> 0:45:53.719 first unit, on the top floor, and then that the 0:45:53.840 --> 0:45:57.840 second and third we got renners and then the earners. 0:45:57.840 --> 0:45:59.880 What's up? 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Speed up your hiring right now with Indeed, 0:48:21.840 --> 0:48:24.080 and listeners of this show will get a seventy five 0:48:24.160 --> 0:48:27.319 dollars sponsored job credit to get your jobs more visibility 0:48:27.480 --> 0:48:33.200 at indeed dot com slash pod Katz thirteen. Just go 0:48:33.239 --> 0:48:38.040 to indeed dot com slash pod Katz thirteen right now 0:48:38.360 --> 0:48:40.920 and support our show by saying you heard about Indeed 0:48:40.960 --> 0:48:45.279 on this podcast. Terms and conditions apply. Hiring Indeed is 0:48:45.320 --> 0:48:45.919 all you need. 0:48:46.520 --> 0:48:49.080 Bye, we got a commercial property right. We only got 0:48:49.080 --> 0:48:52.040 to do this what for three years on paper? You know, 0:48:54.320 --> 0:48:57.399 because the challenge is people get caught up because they 0:48:57.440 --> 0:48:59.520 have children, and then they a vote your children and 0:48:59.560 --> 0:49:02.080 other school districts. That's how people get caught up. And 0:49:02.160 --> 0:49:03.799 then you get all these grants. You're not like, oh, 0:49:03.920 --> 0:49:06.719 take these grants would make this home free and no 0:49:06.840 --> 0:49:09.640 money out of pocket. But those grands have lines and 0:49:09.680 --> 0:49:12.120 clauses that say if you move to a different school 0:49:12.120 --> 0:49:14.520 district or you move in three years, they can pad 0:49:14.640 --> 0:49:16.680 like and take your home. I know that's happened to 0:49:16.680 --> 0:49:19.360 a few people. So you do have to find or 0:49:19.400 --> 0:49:20.920 don't take the grants. You know, you do have to 0:49:20.960 --> 0:49:23.799 read with a fine print and then let's say so 0:49:23.840 --> 0:49:25.440 let's say we did that for three years. Right now, 0:49:25.480 --> 0:49:27.120 we're gonna take some of this equityut and list all 0:49:27.120 --> 0:49:28.839 the stuff you gotta seech, and now we're gonna get 0:49:28.840 --> 0:49:30.680 the next property, or we're gonna get the real home 0:49:31.200 --> 0:49:33.000 after we get that first one going. 0:49:33.760 --> 0:49:35.359 So can we talk about credit for a second, because 0:49:35.360 --> 0:49:37.960 you brought it up? So twenty five percent of borrows 0:49:38.040 --> 0:49:42.680 usually default on their loan, which encompasses a lot of 0:49:42.840 --> 0:49:45.880 damage to their credit reports. Is there any solution or 0:49:45.920 --> 0:49:48.520 maybe a hack that people can use to help or 0:49:48.560 --> 0:49:50.839 maybe hide a little bit of the suit alone when 0:49:50.840 --> 0:49:51.759 it comes to the bureaus. 0:49:52.160 --> 0:49:54.000 So you know, student loans can come off of your 0:49:54.000 --> 0:49:56.439 credit report. That's not a problem that can come off. 0:49:56.880 --> 0:49:58.680 They can't hide when you're trying to go buy a home. 0:49:58.760 --> 0:50:00.359 How's it come off? Oh? 0:50:00.520 --> 0:50:05.640 Okay, that's my massacre. You know, I like you'll heart. 0:50:05.719 --> 0:50:11.680 So what would happen is I'm saying fast, Okay, I 0:50:11.800 --> 0:50:15.040 got for cash right now? All right? So there are 0:50:15.120 --> 0:50:19.799 three reports. It's Aquafax Experience TransUnion, and I mean, nobody 0:50:19.840 --> 0:50:21.520 really wants to do it like this, but you would 0:50:21.520 --> 0:50:23.799 pull three reports and let's say we're looking at the 0:50:23.800 --> 0:50:25.799 student loans still student loan one is here and it's 0:50:25.840 --> 0:50:28.760 all listed the same, right, but is it really listed 0:50:28.800 --> 0:50:30.799 the same? See where I'm going with this. It's not 0:50:30.960 --> 0:50:34.040 most times. And so let's say when we look on experience, 0:50:34.320 --> 0:50:36.439 if it could be one number off, or it could 0:50:36.440 --> 0:50:40.799 be a payment history different than here. And now I'm concerned. 0:50:40.960 --> 0:50:43.440 All the bureaus high alert. I now want to send 0:50:43.440 --> 0:50:46.759 a copy of each page I'm highlighting and in my 0:50:46.880 --> 0:50:49.919 letter this is a discrepancy. I'm just so concerned. As 0:50:49.960 --> 0:50:52.719 a consumer, I'm not sure which is what this has 0:50:52.719 --> 0:50:55.960 stopping me from getting a home. Please remove this immediately. 0:50:57.000 --> 0:51:01.200 That one's for free. It comes off now. But don't 0:51:01.280 --> 0:51:03.359 try to pull that when you go to buy a home, 0:51:03.640 --> 0:51:05.480 because you're going to like a liar. I don't have 0:51:05.520 --> 0:51:07.920 any student loans. I know people that do this and 0:51:07.920 --> 0:51:10.040 then the lender comes back like, so what's this now? 0:51:10.040 --> 0:51:11.840 They don't trust you, right because you like. 0:51:14.040 --> 0:51:20.480 That happens undred thousand dollars John Hopkins, I never went 0:51:20.520 --> 0:51:21.240 to medical school. 0:51:21.320 --> 0:51:23.600 Yeah, we're going to tell the truth. You can say, 0:51:23.640 --> 0:51:26.719 listen on my consumer report. It doesn't show. But if 0:51:26.760 --> 0:51:29.920 you're going to get a federal loan with another federal loan, 0:51:29.960 --> 0:51:31.480 they got to be able to say the good standard 0:51:31.520 --> 0:51:33.200 or not. And you'd be surprised. A lot of people 0:51:33.200 --> 0:51:35.239 that get their loans off that are in default off 0:51:35.239 --> 0:51:37.440 of their credit are in default and they can't get 0:51:37.440 --> 0:51:37.799 a home. 0:51:38.239 --> 0:51:40.319 So is that true for both federal and private or 0:51:40.360 --> 0:51:41.120 just federal. 0:51:40.880 --> 0:51:42.560 For what getting off the report? Yeah? 0:51:42.560 --> 0:51:43.400 Any any? 0:51:43.040 --> 0:51:45.879 Ok okay, So as far as like a good will letter, 0:51:46.840 --> 0:51:49.320 from my understanding, that's like when you write, you write letters, 0:51:49.360 --> 0:51:52.879 I guess in today's time, you can actually call. Does 0:51:52.920 --> 0:51:56.480 that ever? Does that is that worth it? Or you know? 0:51:58.239 --> 0:52:02.919 Yes? So, but because we're in COVID and we're all 0:52:02.960 --> 0:52:05.680 the time, they still probably still be having it right you, 0:52:05.800 --> 0:52:09.239 it's better to call and do a letter if they request. 0:52:09.400 --> 0:52:12.080 So like a few months ago, my friend had a 0:52:12.160 --> 0:52:15.160 late payment on his I think it was his Nieman's card. 0:52:15.680 --> 0:52:19.040 He forgot right, but he had a late payment a 0:52:19.120 --> 0:52:21.759 year ago. But because of COVID and we want to 0:52:21.840 --> 0:52:24.880 talk to people and empathize with people that were talking 0:52:24.920 --> 0:52:27.359 to the lady was so nice and took his late 0:52:27.400 --> 0:52:29.719 payment off from a year ago. So the call went 0:52:29.800 --> 0:52:33.879 like this, like, Hi, Susan, Now I acted like him 0:52:34.000 --> 0:52:35.520 even though I sound like a girl. But you know 0:52:35.560 --> 0:52:37.440 they can't tell you really are a man on the phone. 0:52:37.480 --> 0:52:39.440 I mean, please do so I can sue you and 0:52:39.480 --> 0:52:41.839 you know whatever. So I'm like, hi, I am so, 0:52:41.920 --> 0:52:44.719 and so let's say, I'm I'm Mark. Are you sure 0:52:44.719 --> 0:52:49.440 you're Mark? I'm Marked? I'm Mark, ma'am I'm hard. Okay, 0:52:49.480 --> 0:52:52.240 all right, Mark? How can we help you? Well, Susan, 0:52:52.280 --> 0:52:55.760 I tell you, this pandemic has really gotten me down. 0:52:56.160 --> 0:52:57.960 How are you, Susan? At first I want to start there. 0:52:57.960 --> 0:53:00.160 How are you? How the kids? We don't know they 0:53:01.400 --> 0:53:04.480 So she's like, oh, I tell you, just being hitting everyone. 0:53:04.920 --> 0:53:08.160 My son's really impacted. So I sort that one okay 0:53:08.320 --> 0:53:11.880 now now, Susan, I'm calling because I'm a small business 0:53:11.880 --> 0:53:14.080 owner and you this is right before they passed the 0:53:14.480 --> 0:53:17.719 EDI yo, those small business loans and you know I 0:53:17.760 --> 0:53:20.800 am just waiting on those small business loans to come through. 0:53:21.000 --> 0:53:23.239 I had to close down, Susan. Can you believe it? 0:53:23.600 --> 0:53:25.879 And the goal here is to keep saying Susan's name, 0:53:25.920 --> 0:53:28.640 why because people like to hear their name right. Shot 0:53:29.440 --> 0:53:34.560 makes you feel good. So, so, Susan, are you experiencing 0:53:34.600 --> 0:53:37.200 it like that? Anything like that? Well, you're working, Susan, 0:53:37.360 --> 0:53:41.719 Oh god, it's good. I'm not writing the Lord into it. Yeah, 0:53:41.719 --> 0:53:44.919 why do you love the Lord? Yeah? So so she's like, well, 0:53:45.000 --> 0:53:48.080 you know, you know, it's just hard though, because we're 0:53:48.080 --> 0:53:51.279 hearing and a lot of people are sick. So I'm 0:53:51.280 --> 0:53:53.440 doing a lot of overtime. Oh my goodness, are the 0:53:53.520 --> 0:53:56.080 kids working? Well? Like now, this is how we got 0:53:56.080 --> 0:53:58.319 it removed. And I know y'all probably listening and looking 0:53:58.320 --> 0:54:00.480 like like what is this girl? But it's a lady 0:54:00.520 --> 0:54:02.600 the people. So she was like, well, you know, it's 0:54:02.680 --> 0:54:05.000 it's crazy you say that you're a small business owner 0:54:05.440 --> 0:54:15.960 because my son's a business owner. What what? 0:54:15.960 --> 0:54:16.040 What? 0:54:16.600 --> 0:54:20.680 How's he doing? He's not doing good? You know, I 0:54:20.680 --> 0:54:22.319 had to send him some money recent This is all 0:54:22.360 --> 0:54:25.680 true story, This is obit. I said, what, Oh my god, 0:54:25.920 --> 0:54:27.840 you weren't able to do that because you're doing overtime. 0:54:28.160 --> 0:54:29.880 She said exactly, But I'm not gonna be able to 0:54:29.920 --> 0:54:31.919 keep doing it. They got to pass this, so, Susan, 0:54:31.960 --> 0:54:34.520 that's why I was late. You see what I'm saying, Susan, 0:54:34.560 --> 0:54:36.919 because I don't have the money coming in right now. 0:54:37.160 --> 0:54:39.240 And you see that I have a long standing customer 0:54:39.280 --> 0:54:40.640 with me me. Now he will. You're gonna get your 0:54:40.680 --> 0:54:43.279 fats right and then and you know, this is how 0:54:43.280 --> 0:54:45.359 we got the other word moved. And Susan, I tell 0:54:45.400 --> 0:54:47.919 you because I had a little hardship. Do you see 0:54:47.920 --> 0:54:49.840 I had a hardship but a year ago on my 0:54:50.000 --> 0:54:54.279 on my account with you guys, hold on, I do 0:54:54.400 --> 0:54:56.279 see it. I do see it. You were late a 0:54:56.360 --> 0:54:58.520 year ago. And Susan, you know, I don't like to 0:54:58.560 --> 0:55:00.839 be late, but I had a hardship and I don't 0:55:00.840 --> 0:55:02.440 want to repeat that. And you guys think I'm a 0:55:02.480 --> 0:55:05.239 bad customer. So Susan, what do I Who do I 0:55:05.280 --> 0:55:07.640 need to talk to? What do I need to do 0:55:07.719 --> 0:55:09.960 to get these lates removed? Because Susan, I might have 0:55:10.000 --> 0:55:12.799 to move. They're going to check my credit and it's 0:55:12.840 --> 0:55:15.040 and and then I might not and I could be homeless, 0:55:15.239 --> 0:55:18.919 so they gotta get real exciting. I don't want you homeless. Okay, 0:55:19.000 --> 0:55:20.680 let me put you on hold. Now that's the sign. 0:55:21.320 --> 0:55:24.480 Now everybody listen closely. You're never on hold. Repeat that's me. 0:55:24.680 --> 0:55:25.480 Never on hold? 0:55:26.000 --> 0:55:29.560 Really? Oh okay, never never on hold. You didn't do it? 0:55:30.560 --> 0:55:34.759 Hold, So don't say nothing crazy, well. 0:55:35.520 --> 0:55:36.319 No forgetting that. 0:55:36.360 --> 0:55:39.960 What I do is I say, guys, going to work 0:55:40.160 --> 0:55:41.200 it out for me? 0:55:41.640 --> 0:55:43.680 Like that's the whole that you're doing that on WLD. 0:55:43.880 --> 0:55:45.640 Yeah, I sang spiritual songs and so. 0:55:45.640 --> 0:55:47.480 Like when they come back to hear that, you. 0:55:48.560 --> 0:55:56.799 Might say a night and shue. Now they don't want 0:55:56.800 --> 0:56:00.719 to keep hearing that, right yo, So it's not sure 0:56:00.760 --> 0:56:02.800 what I can tell this so light after a while. 0:56:03.200 --> 0:56:05.520 So anyway they come, you can't come back up sat 0:56:05.680 --> 0:56:06.280 on the phone. 0:56:06.400 --> 0:56:08.400 Oh you got a great voice. So you got a 0:56:08.440 --> 0:56:08.960 great voice? 0:56:09.360 --> 0:56:12.920 Mark you got Susan? 0:56:13.360 --> 0:56:16.560 Are you there? Oh? I'm here? So Susan, what did 0:56:16.560 --> 0:56:18.840 you find out? Do I need to talk to a manager? 0:56:19.680 --> 0:56:21.120 And this is how you know you're about to get 0:56:21.120 --> 0:56:22.960 it all right? Well, what I'm gonna do is now 0:56:22.960 --> 0:56:25.000 the voice gets low. That's how you and then you 0:56:25.080 --> 0:56:29.160 got to mimic them. So what's going on, Susan. So 0:56:29.440 --> 0:56:31.759 I'm going to take this late payment off because this 0:56:31.880 --> 0:56:35.640 is a pandemic. Yes, this a pandemic, Susan. And what 0:56:35.719 --> 0:56:37.759 I'm going to do is even take that payment a 0:56:37.840 --> 0:56:40.719 year ago off because if you have to move, we 0:56:40.800 --> 0:56:44.799 don't want anything stopping you exactly, Susan. Oh my god, 0:56:45.040 --> 0:56:46.640 I wish I could just hug you, but then you 0:56:46.719 --> 0:56:48.400 got to do six feet you know what I'm saying, Susan. 0:56:49.440 --> 0:56:52.200 So so now what do you need me to do? Nothing? 0:56:52.760 --> 0:56:54.440 When when you're going to get an update from the 0:56:54.440 --> 0:56:57.400 bureaurooms that says this is going you know, sometimes it's immediate, 0:56:57.719 --> 0:57:00.439 sometimes it's thirty days. But you're going to see and 0:57:00.480 --> 0:57:03.040 if you have my fright go and pulls continuously off 0:57:03.080 --> 0:57:03.920 the next day. 0:57:04.520 --> 0:57:08.080 So wow, Philly, Philly never Never. 0:57:08.480 --> 0:57:12.440 I'll tell you you shout shout out at the bullet. 0:57:13.000 --> 0:57:15.800 Maybe you said Temple, shout out to the bullet Philly. 0:57:15.920 --> 0:57:29.880 Philly has always got some they need to allow you 0:57:29.960 --> 0:57:33.479 shore you never took any acting classes, you know, Perry Tyler, 0:57:33.480 --> 0:57:34.840 Perry might be calling for a role. 0:57:35.280 --> 0:57:37.920 No, no, I did take some stand up comedy classes 0:57:37.960 --> 0:57:41.440 for fun. I think I'll get back to that pros pandemic. 0:57:41.720 --> 0:57:44.280 But no, no, But that's like the thing is all 0:57:44.360 --> 0:57:47.840 jokes aside. People love people, and this is the best 0:57:47.920 --> 0:57:50.439 time to be nice to anybody you're calling to ask 0:57:50.520 --> 0:57:53.240 to do something. They'll tell you what to do because 0:57:53.280 --> 0:57:56.120 they are people that's probably struggling or two steps from 0:57:56.160 --> 0:57:57.680 it themselves because of the pandemic. 0:57:57.720 --> 0:57:58.920 You know what, you said, I was a gym to 0:57:59.000 --> 0:58:01.400 as far as I learned that. And like sales, people 0:58:01.520 --> 0:58:04.640 like to hear their names. So when you say somebody's 0:58:04.720 --> 0:58:08.959 name over and over again and it makes them feel important, Yes, 0:58:09.120 --> 0:58:11.360 it makes them feel important like, oh, he knows my 0:58:11.440 --> 0:58:12.960 name and not only does he know my name, like 0:58:13.520 --> 0:58:15.840 he's saying it to me, like you know what I'm saying. 0:58:16.000 --> 0:58:17.640 And you heard what I said. I said, I don't 0:58:17.680 --> 0:58:20.480 have to go to a manager, do I, Susan No, 0:58:20.560 --> 0:58:22.200 because that's like a thing when people don't want you 0:58:22.280 --> 0:58:24.520 to go to their manager, I can take care of 0:58:24.560 --> 0:58:26.480 it makes them, you know, come to your rescue as 0:58:26.480 --> 0:58:30.520 a hero. And we really knew where she was located. 0:58:30.600 --> 0:58:32.760 We would like send flowers or something because that was 0:58:32.840 --> 0:58:35.680 really really nice trying to score jump like way. 0:58:35.560 --> 0:58:40.880 Up, that's amazing. Yeah, that's a hat. That's the hat. 0:58:41.320 --> 0:58:45.919 That's that's the hat. So before we before we wrap 0:58:45.920 --> 0:58:47.520 it up, I want to talk about the branding and 0:58:47.560 --> 0:58:50.480 the business side of things, but just the general question 0:58:51.120 --> 0:58:54.560 people that might be struggling, which is paying back their 0:58:54.560 --> 0:58:57.880 student loan right, like like we talked about like debt 0:58:58.000 --> 0:59:00.560 message to pay back credit cards, like the snow ball method, 0:59:00.680 --> 0:59:02.880 is a couple other methods. Yeah, if you're struggling to 0:59:02.920 --> 0:59:07.000 pay back your student loans, what are some suggestions that 0:59:07.120 --> 0:59:10.200 you just just general suggestions that people may be able 0:59:10.200 --> 0:59:11.920 to benefit from if they're struggling to pay back to 0:59:11.960 --> 0:59:12.479 still low. 0:59:12.440 --> 0:59:15.960 Well, the income driven plans are the best option because 0:59:15.960 --> 0:59:18.640 that's why they exist. Especially with the pandemic, a lot 0:59:18.640 --> 0:59:20.120 of people are going to be leaving out of it 0:59:20.200 --> 0:59:22.680 on January thirty. First, they need to go in and 0:59:22.760 --> 0:59:26.840 update you what's called an immediate reclculation of their payment, 0:59:26.960 --> 0:59:29.560 and they need to be like, listen, if you have 0:59:29.640 --> 0:59:31.360 no money coming in or little money coming in, and 0:59:31.440 --> 0:59:32.840 you need to put that on the form. They're not 0:59:32.880 --> 0:59:34.800 going to ask for your taxes or your pay stuff. 0:59:34.960 --> 0:59:36.960 They're going to take it at face value so that 0:59:37.040 --> 0:59:39.280 they can get a zero dollar payment if they need to. 0:59:39.800 --> 0:59:42.640 So anybody listening to this and will time naturalist areas. 0:59:42.640 --> 0:59:44.920 But even when they do listen to it, if anything 0:59:45.000 --> 0:59:49.480 ever changes with your finances, you can definitely immediately go 0:59:49.520 --> 0:59:52.320 in and do what's called immediate reek ount and then 0:59:52.320 --> 0:59:55.000 they'll put you into administrative for barans while they review it, 0:59:55.040 --> 0:59:57.280 and then the payment would be as you know and. 0:59:57.240 --> 0:59:59.680 That's true for federals, so but for private the best 0:59:59.680 --> 1:00:01.480 thing is just try to improve your credit scord to. 1:00:01.440 --> 1:00:06.280 Lower private loans. They were told by DeVos to not 1:00:06.360 --> 1:00:10.720 be aggressive and collect after people. You can't control private entities, however, 1:00:11.280 --> 1:00:13.400 so the best thing to do is to keep having 1:00:13.440 --> 1:00:16.520 a conversation. You know, I'm super dramatic. I would even 1:00:16.560 --> 1:00:18.880 tell you the facts and or melon a copy of 1:00:18.920 --> 1:00:21.600 your budget to show that if there is no money available, 1:00:23.040 --> 1:00:25.680 they're not going to be really pursuing lawsuits, probably right 1:00:25.680 --> 1:00:28.440 now at this time either. So if most it could 1:00:28.520 --> 1:00:30.160 hit your credit, but again, you can get it off 1:00:30.200 --> 1:00:33.360 your credit if you need to. I do feel bad 1:00:33.360 --> 1:00:35.280 when I hear and talk to people that have a 1:00:35.320 --> 1:00:37.800 lot of private loan debt. There is a positive note 1:00:37.800 --> 1:00:39.760 that we found this out recently with the young lady 1:00:40.000 --> 1:00:42.280 that moved from New York to Florida. She had private 1:00:42.320 --> 1:00:45.840 loan debt of fifty thousand that had defaulted. Because it defaulted, 1:00:45.920 --> 1:00:48.720 they don't count that towards her deb's income ratio when 1:00:48.720 --> 1:00:50.840 she was going to go by her home. So that 1:00:50.960 --> 1:00:53.600 was good news because she thought that fifty thousand wouldcounts 1:00:53.600 --> 1:00:55.000 towards her overall debt. 1:00:56.160 --> 1:00:57.960 Would affect the credit score, but she got a. 1:00:57.960 --> 1:01:00.000 Credit up even still, and she got to offer credit. 1:01:00.600 --> 1:01:01.959 And then you were saying, like you should have different 1:01:01.960 --> 1:01:03.360 streams of income for different things. 1:01:03.800 --> 1:01:06.360 Oh, yes, yes, So I have about thirteen streams and 1:01:06.520 --> 1:01:08.680 some of them work very actively, some of them are 1:01:08.760 --> 1:01:11.560 very passive. And when my house gets the next month, 1:01:11.600 --> 1:01:14.520 I'll have fourteen prins cars. Now I didn't always think 1:01:14.640 --> 1:01:16.680 like that, but again, I have some really good friends, 1:01:16.680 --> 1:01:19.400 like you know Neam Davis, he's one of my good friends. 1:01:19.560 --> 1:01:21.280 Somebody guys gonna get got to give on this podcast. 1:01:21.280 --> 1:01:23.760 Her name is will Realmtree, you know who. 1:01:24.640 --> 1:01:25.480 We met him in Atlanta. 1:01:25.880 --> 1:01:30.040 Super solid okay, yep, we were doing a massimizm this 1:01:30.080 --> 1:01:34.800 weekend in Houston. Yes, super solid individual. So you can't 1:01:34.840 --> 1:01:37.000 be around people like that and not think about who's 1:01:37.040 --> 1:01:40.479 gonna pay for this? Like somebody somebody's got your money. 1:01:40.480 --> 1:01:42.640 That's what Grand car Done says, who's got my money? 1:01:42.960 --> 1:01:43.160 Right? 1:01:43.240 --> 1:01:46.400 So who has your rent? Who has your car? Who 1:01:46.440 --> 1:01:48.800 has your and whatever it is that you like. People 1:01:48.840 --> 1:01:51.200 don't even know where their money goes. So for me, 1:01:51.360 --> 1:01:53.040 what I think about is like I literally have a 1:01:53.120 --> 1:01:55.600 list at home, like it's gonna say. You know, it 1:01:55.680 --> 1:01:57.760 might say the rent. It might say to this so 1:01:58.040 --> 1:01:59.720 and the next to it. This might sound weird is 1:01:59.840 --> 1:02:02.960 some people and parentheses. I know what stream that's coming from. 1:02:03.440 --> 1:02:05.760 So somebody got my money, and I need to know 1:02:06.160 --> 1:02:08.480 how much each stream has to do each month for 1:02:08.560 --> 1:02:09.479 me to be on par. 1:02:09.520 --> 1:02:14.960 With goals for every liability pun intended. 1:02:16.880 --> 1:02:19.240 But the thing is, are you Are you some teacher? 1:02:20.200 --> 1:02:27.040 Yeah, I'm a teacher. I'm an educator. I like that. Yeah, Yeah, 1:02:27.120 --> 1:02:28.120 I don't work for the school district. 1:02:28.240 --> 1:02:34.160 Okay, all right, got it? Okay, because no teachers. My 1:02:34.680 --> 1:02:35.760 whole family are teachers. 1:02:35.880 --> 1:02:37.840 Okay, shout out to every teaching teaching less. 1:02:37.840 --> 1:02:39.160 Didn't know how I would be teaching. 1:02:39.360 --> 1:02:41.440 Yeah, and that's that's key. So that's why we use 1:02:41.480 --> 1:02:43.400 the word educated and said because when I think teaching, 1:02:43.400 --> 1:02:45.760 most people think, oh, you work in the school. I'm like, no, 1:02:45.840 --> 1:02:47.800 we're still educating, just in a different medium. 1:02:48.280 --> 1:02:50.840 And that's good for business loans to keep going there. 1:02:51.080 --> 1:02:57.280 So how did so branding you? You're being on Instagram, 1:02:57.320 --> 1:03:00.480 You've you've created a brand for yourself. So from a 1:03:00.520 --> 1:03:04.480 marketing business standpoint, how were you able to take from 1:03:04.560 --> 1:03:08.240 doing in coffee shops, one on one consultations to making 1:03:08.440 --> 1:03:11.560 you know, a brand that is all over on global. 1:03:11.880 --> 1:03:14.680 How were you able to make those steps because a 1:03:14.720 --> 1:03:16.600 lot of people might have, you know, talent and doing 1:03:16.640 --> 1:03:19.200 one thing, but they struggled from getting out of that 1:03:19.320 --> 1:03:22.160 coffee shop to church to you know, reaching the level 1:03:22.160 --> 1:03:23.600 that you're at. So how are we to do that? 1:03:23.680 --> 1:03:26.280 So all your side always been a hustler. Like when 1:03:26.320 --> 1:03:28.880 I was little, I was always very wildly interested in 1:03:28.960 --> 1:03:31.000 money and what money could do. Now money for me, 1:03:31.080 --> 1:03:33.480 but I was used to buy can you saygress and jawbreakers, 1:03:33.840 --> 1:03:35.760 so I always wanted money to buy the little stuff. 1:03:35.760 --> 1:03:37.520 I didn't want to ask my mom for right. And 1:03:37.600 --> 1:03:39.760 my mom is a single mom, and she you know, 1:03:39.800 --> 1:03:43.160 had a really nice middle class situation with a gated community. 1:03:43.200 --> 1:03:45.120 Like she tried right, but I knew that she was. 1:03:45.160 --> 1:03:47.400 It was tight. So I was in private school but 1:03:47.440 --> 1:03:48.880 it was tight, and I had to come out of 1:03:48.880 --> 1:03:51.080 private school at one point. I'm like kids are like this, 1:03:51.520 --> 1:03:53.960 And I remember thinking like, mom can't afford to have 1:03:54.040 --> 1:03:56.080 me in private school and more we're in trouble like 1:03:56.160 --> 1:03:58.320 so those things I knew. I was very like aware 1:03:58.320 --> 1:04:00.560 we early on, so I never I wanted to ask 1:04:00.640 --> 1:04:02.840 my mom for money when I was little, so I 1:04:02.960 --> 1:04:05.640 used to do stuff like get a plastic chair with 1:04:05.680 --> 1:04:07.280 a rope and I would get some leaves because I 1:04:07.280 --> 1:04:08.960 didn't want for live billy. I used to think like 1:04:08.960 --> 1:04:11.800 their purposes, and I used to tell people for one dollar, 1:04:12.080 --> 1:04:14.680 but thirty seconds, I'll make a fake ride. And so 1:04:15.000 --> 1:04:16.560 I know that's not weird. But I had my own 1:04:16.560 --> 1:04:20.160 Gover coaster, so that was like my hustle. I don't know. 1:04:20.200 --> 1:04:22.320 I had a lot of hustles growing up, but I 1:04:22.400 --> 1:04:24.480 had that hustle in me. I think because I saw 1:04:24.560 --> 1:04:27.200 how she really had to hustle to make things happens 1:04:27.200 --> 1:04:29.880 for us. My mom got sick when I was sixteen, right, 1:04:30.280 --> 1:04:31.680 and so when she got sick when I was sixteen, 1:04:31.720 --> 1:04:33.760 it's just me and her. I didn't know how much 1:04:33.800 --> 1:04:35.560 I knew about her business. I knew about how to 1:04:35.720 --> 1:04:38.400 use the ATM, how to write checks, and I still 1:04:39.200 --> 1:04:41.280 I did bills at sixteen. I made sure all the 1:04:41.280 --> 1:04:43.640 bills was paid. She was in a coma. She came 1:04:43.680 --> 1:04:46.400 out the coma. She was like she lost her hero 1:04:46.480 --> 1:04:48.720 when she was in a coma. And I'm re writing 1:04:48.720 --> 1:04:51.120 now down She's like, well, bring me my receipt. So 1:04:51.160 --> 1:04:53.480 I showed them my receipt at her receipt and it 1:04:53.520 --> 1:04:55.480 had like ten thousand in her account and she't never 1:04:55.480 --> 1:04:57.120 had no ten thousand account. But again when I spend 1:04:57.160 --> 1:05:00.000 it frivously, right, and she like, no, that's incorrect. I'm like, 1:05:00.000 --> 1:05:02.000 I know, what's why I said no cigarettes, she's supposed 1:05:02.000 --> 1:05:04.520 to rette. I'm like, till you got money here? She's like, 1:05:04.800 --> 1:05:06.920 I said, but I do need a new code, you know, 1:05:09.400 --> 1:05:11.479 let me at back bay. But how do we get here? 1:05:12.000 --> 1:05:14.880 So she like, get a. 1:05:14.840 --> 1:05:17.760 Coke pH l L one. 1:05:19.120 --> 1:05:21.000 I did need going now, I didn't need to get 1:05:21.040 --> 1:05:23.520 a FIR and she told me. I came out hurt bank. 1:05:23.640 --> 1:05:25.560 I didn't go get a credit. I got a trouble. 1:05:26.560 --> 1:05:30.280 So long story short, I know, how do we get here? 1:05:31.040 --> 1:05:34.160 I put a meme out about three years ago that 1:05:34.280 --> 1:05:37.520 said twenty eighteen, that's happened twenty eighteen? I said, first 1:05:37.600 --> 1:05:39.920 African American because there are other people in my field 1:05:39.960 --> 1:05:42.360 that look like me, but they are not companies entities. 1:05:42.560 --> 1:05:44.880 They're like the specialists, if you will. And I knew 1:05:44.920 --> 1:05:47.120 from the beginning I wanted to build a company because 1:05:47.120 --> 1:05:49.520 one I don't really like a lot of engagement with 1:05:49.560 --> 1:05:51.840 people every day all day. I get burned out really easily. 1:05:52.040 --> 1:05:53.920 So I'm like, well, how do I just hire people? 1:05:53.960 --> 1:05:56.080 And then you know, so that's what I created, was 1:05:56.120 --> 1:05:58.480 the student Loan Doctor as a brand, and I put 1:05:58.520 --> 1:06:01.280 it out there. Mada, I gotta shout Neo. 1:06:01.080 --> 1:06:03.440 Out like I probably sho shout out to me. 1:06:05.320 --> 1:06:06.320 And Neo his mom. 1:06:06.360 --> 1:06:06.400 No. 1:06:06.520 --> 1:06:09.120 I ride for him like no other because he get 1:06:09.120 --> 1:06:12.960 a last slack for whatever, but super solid individual and 1:06:13.120 --> 1:06:15.200 always from a place up. Just do this right now. 1:06:15.280 --> 1:06:16.919 He gonna tell you what to do, but you're gonna 1:06:16.920 --> 1:06:18.840 hold your hand so you do gotta be smart enough 1:06:18.840 --> 1:06:21.200 to just go do it right. So, long story short, 1:06:21.280 --> 1:06:23.000 he was like, put this meme out. This is when 1:06:23.000 --> 1:06:25.280 he was trying in his marketing, like early on, and 1:06:25.320 --> 1:06:27.880 it was just a white mean, I was like three 1:06:28.040 --> 1:06:30.520 hundred and twenty pounds at the time, but I didn't care. 1:06:30.600 --> 1:06:32.800 I'm like, you know, and I'm like, I put the 1:06:32.800 --> 1:06:34.480 same out and I'll put it out and I just 1:06:34.480 --> 1:06:36.800 wanted to get a little hit little marketing. Well, next 1:06:36.800 --> 1:06:41.080 thing you know, it started hitting the little blocks and media. 1:06:41.240 --> 1:06:43.880 I'm like, oh, look at this traction firend. God, it 1:06:43.920 --> 1:06:46.200 was coming right up on Black History Month. I remember 1:06:46.200 --> 1:06:48.160 I went to sleep. So I woke up the next 1:06:48.160 --> 1:06:50.520 morning and my phone is going off morning usual on Instagram. 1:06:50.520 --> 1:06:53.200 I'm like, black, I gotta go to the office. Right then, 1:06:53.200 --> 1:06:57.040 I'm driving in my phone ring, I'm like hello, it's 1:06:57.080 --> 1:06:59.200 like a number I didn't know. She's like, Hi, is 1:06:59.240 --> 1:07:03.600 this Sonya? I'm like, uh, who's this? And she's like 1:07:04.000 --> 1:07:07.439 Bisha Maisha from the shad Room. I'm like, no, sure, 1:07:08.360 --> 1:07:12.480 love that. I pulled over and I was like, how 1:07:12.480 --> 1:07:14.400 can I help you? Tell me your story and let's 1:07:14.480 --> 1:07:15.120 let's make it quick. 1:07:15.120 --> 1:07:16.400 Tell me your story, take it quick. 1:07:16.480 --> 1:07:19.400 And she was sweet, but she was very curt and 1:07:19.400 --> 1:07:21.800 and we still connect with each other now. So she listened. 1:07:21.840 --> 1:07:23.760 She'll laugh and she was like. I was like, well, 1:07:24.280 --> 1:07:26.360 so boom boom posted gotta have your pitch ready, never 1:07:26.480 --> 1:07:29.520 know and she said, oh I love it hosting it. 1:07:30.120 --> 1:07:34.920 I said okay, and then a phone hung up. So 1:07:34.960 --> 1:07:38.600 then I called my girlfriend. She's super rad chet Brady, 1:07:38.680 --> 1:07:41.320 I lover. She said. She said, were about to be 1:07:41.440 --> 1:07:44.320 favorite and I'm like wait what, I'm like, what are 1:07:44.360 --> 1:07:46.280 you talking about. She's like, do you follow the shave room? 1:07:46.280 --> 1:07:48.560 I said, not really? She said go to it right now. 1:07:48.600 --> 1:07:50.880 So at the time, I think they had like fourteen 1:07:50.920 --> 1:07:53.320 million followers or something, right, and I was like, I'm 1:07:53.320 --> 1:07:55.560 gonna be here. She's like yeah. She was like, well, 1:07:55.560 --> 1:07:57.640 where's she gonna post it. I was like, I don't know, 1:07:58.040 --> 1:08:00.040 maybe in a few days. She's like, all right, so 1:08:00.680 --> 1:08:02.280 let me let me come over. I'm gonna come meet 1:08:02.280 --> 1:08:04.600 you at the office. So she came to the office 1:08:05.080 --> 1:08:07.200 and I will never forget. We were packing up. It 1:08:07.280 --> 1:08:11.200 was like nine thirty because I worked until ten. And 1:08:11.480 --> 1:08:13.120 next thing you know, I had an iPhone but it 1:08:13.160 --> 1:08:16.040 was all one and it started shaking. No, it like 1:08:16.160 --> 1:08:22.160 in shape, but I think it started ele table and 1:08:22.200 --> 1:08:24.280 I'm like, I'm like, is it about to explode? Because 1:08:24.280 --> 1:08:28.040 it was like and then the fall started ringing, and 1:08:28.080 --> 1:08:31.280 then emails started flooding it and it was like a movie, y'all. 1:08:31.680 --> 1:08:35.559 And then I had got what's the words like? When 1:08:35.600 --> 1:08:40.559 you get yes, I'm like, She's like, are you having 1:08:40.560 --> 1:08:44.880 a stroke? Blink twice I'm like okay, I said, I 1:08:44.920 --> 1:08:48.360 think my life is changing. So literally, she like she 1:08:48.479 --> 1:08:50.200 called up all of our other girlfriends, like, y'all got 1:08:50.280 --> 1:08:52.439 to get to the office right now. It's going down 1:08:52.680 --> 1:08:56.360 the shad room just posted it. So everybody rushed to 1:08:56.360 --> 1:08:58.680 the office. I think I ordered some pizza and we 1:08:58.680 --> 1:09:02.080 were in there like one two, and I remember and 1:09:02.160 --> 1:09:04.000 one night I had a thousand DMS, I had a 1:09:04.040 --> 1:09:05.880 thousand emails and I'm not making a number of like 1:09:05.920 --> 1:09:09.320 a thousand, I remember it. And then we were just 1:09:09.320 --> 1:09:12.000 getting posted. And then the next morning, which was super crazy, 1:09:12.600 --> 1:09:15.400 every radio station and Philly was talking about us, and 1:09:15.520 --> 1:09:20.040 I'm like what and none, you know, and so that 1:09:20.240 --> 1:09:23.160 wave and I when we talked again my SHINAI because 1:09:23.160 --> 1:09:25.920 she posted us twice in twenty eighteen for free. I 1:09:25.960 --> 1:09:27.679 was like, why did you post it? She said Jesus 1:09:27.720 --> 1:09:29.320 told me to. I'm like, well, what. 1:09:29.240 --> 1:09:30.680 Else did Jesus say? 1:09:30.920 --> 1:09:33.680 You know? So I'm really grateful for her because once 1:09:33.720 --> 1:09:36.240 she didn't have to do it, and two that was 1:09:36.280 --> 1:09:39.559 the catalyst to every other blog media source. And then 1:09:39.600 --> 1:09:40.960 you know, I always knew like, if you just give 1:09:40.960 --> 1:09:43.200 me a little opportunity, I'm making it too. But that 1:09:43.400 --> 1:09:45.360 was like that I'll use that a lot of people 1:09:45.400 --> 1:09:48.479 are not ready for. But I did have systems in place. 1:09:48.520 --> 1:09:50.679 I think I had about two employees at the time. 1:09:51.040 --> 1:09:52.880 I did have to do like a hiring boot camp. 1:09:52.920 --> 1:09:55.479 I remember I was hiring every I mean training every 1:09:55.560 --> 1:09:59.400 day for like thirty days after work and after my appointments. 1:09:59.400 --> 1:10:01.519 I was taking it time because I had just made 1:10:01.520 --> 1:10:03.960 the decision to go full time in that business. And 1:10:04.040 --> 1:10:06.040 so then I had to open my calendar from eight 1:10:06.080 --> 1:10:09.559 am to eleven pm because I'm not missing no money. 1:10:09.600 --> 1:10:11.519 I'm gonna be really honest with you, like I needed 1:10:11.600 --> 1:10:14.840 all of that money. And that's really eighteen times eighteen 1:10:14.880 --> 1:10:17.599 is when my life started to change, and that's why 1:10:17.640 --> 1:10:20.320 I started to look at money different, like you can. 1:10:20.840 --> 1:10:23.400 You know, I think I made maybe half of what 1:10:23.439 --> 1:10:25.599 I was making in one month at that point, and 1:10:25.680 --> 1:10:28.720 one month and I'm like they lied to us, Like 1:10:28.760 --> 1:10:30.400 so now I'm starting to get rolled with it, like 1:10:31.400 --> 1:10:33.080 you know, and the money that I make now, I 1:10:33.120 --> 1:10:35.080 really feel like we just got their boozled. 1:10:36.840 --> 1:10:38.040 That's a feeling. 1:10:38.120 --> 1:10:41.320 Neo is he's a champion of that because he was 1:10:41.360 --> 1:10:44.040 doing that for a long time. Like Man retires his mom, 1:10:44.600 --> 1:10:47.200 Man travels to thirty seven countries and his wife, and 1:10:47.240 --> 1:10:49.920 it's like he was doing all these meanings Like man 1:10:50.040 --> 1:10:52.280 just rides a private jet for first time with his 1:10:52.280 --> 1:10:52.880 family life. 1:10:52.880 --> 1:10:56.360 But yeah, sure, it would be up late every night, 1:10:56.400 --> 1:10:59.479 and I love his wife and that would be the 1:10:59.520 --> 1:11:01.280 only person I could he could talk to as a 1:11:01.320 --> 1:11:03.280 woman that late at night. I ain't on no funny 1:11:03.280 --> 1:11:05.640 business you can put. But we're gonna get to this 1:11:05.680 --> 1:11:07.960 money to like sometimes well to like three am. I'm 1:11:08.000 --> 1:11:10.840 like trying this because I had just stuff my job. 1:11:11.200 --> 1:11:13.760 He knew that I didn't play about execute and that's 1:11:13.760 --> 1:11:15.800 what he likes, and he would talk me through and 1:11:15.800 --> 1:11:17.320 I'm like, no, I think you should try this one. 1:11:17.560 --> 1:11:19.599 And then we were just doing it and I'm really 1:11:19.680 --> 1:11:21.439 just so proud of him because it's like that one 1:11:21.439 --> 1:11:24.080 individual I just hope like he has he doesn't operate 1:11:24.120 --> 1:11:26.400 with any fear if that makes sense, Like he's not 1:11:26.439 --> 1:11:30.040 afraid to fail. He'll he'll fail. And then I was great, 1:11:30.120 --> 1:11:32.080 let's do it again, you know. And I had to 1:11:32.160 --> 1:11:34.720 take that and learn that from him because I was 1:11:34.920 --> 1:11:37.880 really scared going into I'm gonna be transferred. I was 1:11:37.880 --> 1:11:41.960 scared to make money because I felt like this was wrong. 1:11:42.040 --> 1:11:44.800 It didn't feel right. That count looked like it's too much. 1:11:44.840 --> 1:11:47.040 I'm explaining this to my mom. I had all these things. 1:11:46.920 --> 1:11:48.880 That was did you have that? Is it real? Feeling 1:11:49.000 --> 1:11:49.599 like is this real? 1:11:50.840 --> 1:11:52.760 Yeah, I didn't think it was because you know, I'm 1:11:52.800 --> 1:11:56.320 used to seeing the number on the other way. Yeah, 1:11:56.560 --> 1:11:59.760 so now even now i'd be like sometimes you know, 1:12:01.720 --> 1:12:04.880 I'm just giving, you know, so even now I make 1:12:05.040 --> 1:12:06.880 a lot of money now, but even now I'm like 1:12:08.280 --> 1:12:09.880 just I'm like, is this a joke? Like you know, 1:12:10.360 --> 1:12:12.080 and so just to be able to move how I 1:12:12.160 --> 1:12:14.719 want to move, travel or like you know, be remoted 1:12:14.800 --> 1:12:18.040 do like that freedom. I can't explain it like it's 1:12:18.120 --> 1:12:20.880 it's it's so humbling, and I really am thankful. There's 1:12:20.920 --> 1:12:22.800 no such thing as having a bad day in my world. 1:12:22.840 --> 1:12:24.799 Like I don't have bad days. I have bad moments 1:12:25.080 --> 1:12:27.200 because I can't have a bad day knowing where I've 1:12:27.200 --> 1:12:29.439 come from. I could look at my account, the day 1:12:29.479 --> 1:12:30.960 got better, like I don't. 1:12:30.640 --> 1:12:34.080 Have And I said, really wait wait, wait, don't let 1:12:34.120 --> 1:12:35.280 that go over your heads. 1:12:35.479 --> 1:12:37.240 Yeah, like you, hey, what bad day? You got money 1:12:37.280 --> 1:12:39.800 coming in? As we sit here, money's coming in, Like 1:12:39.840 --> 1:12:40.720 that's just how it is. 1:12:41.760 --> 1:12:44.560 Wake up your death, Yeah, Like well how. 1:12:44.280 --> 1:12:46.280 You wake up to a bad day with a PayPal alert? 1:12:46.479 --> 1:12:48.880 Like I never seen that, Like what you got going 1:12:48.920 --> 1:12:52.160 on in your life? So and I remember like, I 1:12:52.200 --> 1:12:54.920 don't have bad days. I don't know and know my 1:12:55.240 --> 1:12:57.240 like it up said, do people hurt my feelings? Yes, 1:12:57.640 --> 1:13:00.160 but you don't get that much time from me anymore 1:13:00.360 --> 1:13:02.880 because I can always make more money, but I can't 1:13:02.920 --> 1:13:05.479 make more time. And so even who I deal with, 1:13:05.520 --> 1:13:07.240 who I talk to, who I text, who I hang 1:13:07.280 --> 1:13:09.920 out with, it's all very intentional because these are hours 1:13:09.960 --> 1:13:12.519 I can't ever get back, like and so that helped 1:13:12.560 --> 1:13:15.000 me even with dating it and dealing with people like 1:13:16.160 --> 1:13:18.240 who you're about a thousand dollars an hour. 1:13:19.920 --> 1:13:22.040 Like that, I need to be paid for this. 1:13:22.640 --> 1:13:25.439 I actually somebody had a bad day. I invoiced them 1:13:25.439 --> 1:13:26.560 because I'm respect. 1:13:27.520 --> 1:13:30.559 I don't want to know how that's hard. Invoice. Yeah, 1:13:30.640 --> 1:13:31.720 did you mean to send this to me? 1:13:31.880 --> 1:13:32.040 Yes? 1:13:32.720 --> 1:13:40.679 Absolutely should be at never get paid. Yeah, invoice, send 1:13:40.720 --> 1:13:41.200 the invoice. 1:13:41.240 --> 1:13:43.599 You should say, invoice of the people that we should nonsense, 1:13:44.400 --> 1:13:46.320 you don't even know how much your time calls them 1:13:46.400 --> 1:13:48.640 that it's not what the job pays you. Let me 1:13:48.640 --> 1:13:51.599 be very clear, I was already a million dollar earner 1:13:51.840 --> 1:13:55.519 right before the job, but like so and you are 1:13:55.600 --> 1:13:58.519 at a multi million dollar job right now. Somebody listening 1:13:58.680 --> 1:14:01.120 and they're paying you sixty seventy. No, you are the 1:14:01.160 --> 1:14:03.439 million dollar gifts. Like all jokes aside, like if you 1:14:03.560 --> 1:14:05.400 left if if you're good, let me be clear, if 1:14:05.400 --> 1:14:08.280 you're really good, And I was always really really good. 1:14:08.360 --> 1:14:10.439 No smoke at any job I went to, because I 1:14:10.520 --> 1:14:13.240 was very prideful about any job I had. When I 1:14:13.320 --> 1:14:16.120 left my job, the president of the college, Jim said 1:14:16.120 --> 1:14:18.320 to me, he said, sonya, he said, I tell you, 1:14:18.400 --> 1:14:19.680 when I met you, I knew you were going to 1:14:19.680 --> 1:14:21.559 be one of two things. He's like, you're either going 1:14:21.600 --> 1:14:24.240 to be a college president because I'm an eat well 1:14:24.280 --> 1:14:26.960 a disstation away from a d D, he said. Or 1:14:27.320 --> 1:14:29.080 he said you were going to be a business owner. 1:14:29.160 --> 1:14:31.240 I already knew it. He's like, you just didn't know it. 1:14:31.920 --> 1:14:33.680 Now you think that would make you feel good? Right 1:14:33.680 --> 1:14:37.320 if you heard that? I was living because the joke 1:14:37.479 --> 1:14:37.880 was on me. 1:14:38.360 --> 1:14:39.880 You do that all this time, and you let me 1:14:39.920 --> 1:14:40.439 work this up. 1:14:40.720 --> 1:14:41.519 Could be doing it? 1:14:41.640 --> 1:14:45.200 Yeah, ain't that crazy? And somebody's thinking about your. 1:14:45.120 --> 1:14:47.599 Other It's like they see the talent. 1:14:48.880 --> 1:14:51.800 So so where we at now talk about I want 1:14:51.800 --> 1:14:53.800 you to tell him about the because you're not You're 1:14:53.840 --> 1:14:56.880 not doing one on one consultations anymore. Like you duplicate yourself. 1:14:56.640 --> 1:14:58.439 And you yeah, no, it's really hard to get me 1:14:58.439 --> 1:15:01.000 on the phone. And I said that would love because 1:15:01.040 --> 1:15:04.880 I do a lot of Instagram conversations. We're now doing 1:15:04.920 --> 1:15:07.439 a lot of clubhouses. Our clubhouse has been rocculately. It's 1:15:07.479 --> 1:15:10.720 been fun. I know you on clubhouse. I've been to 1:15:10.760 --> 1:15:15.639 him in the morning dressed like but. 1:15:17.040 --> 1:15:18.960 Wait, wait you said you called him in the morning. 1:15:19.280 --> 1:15:23.840 No, clubhouse. He's on every clubhouse. I feel like. 1:15:25.320 --> 1:15:27.880 He's at midnight marauder a. 1:15:28.280 --> 1:15:30.400 Boring and uh, you know, say some word to the 1:15:30.439 --> 1:15:30.920 good people. 1:15:31.080 --> 1:15:32.920 No, but you know what, I gotta say this, I 1:15:32.960 --> 1:15:35.040 love it. I love it, he says. So I want 1:15:35.080 --> 1:15:37.720 to wait he actually not little cells in you too? 1:15:39.360 --> 1:15:40.400 A little bit, A little bit? 1:15:41.240 --> 1:15:43.600 I want all right? Should I just gotta do this? 1:15:43.680 --> 1:15:47.000 Wo man? So he reminds me of like like an 1:15:47.040 --> 1:15:50.920 innocent intern that just started, right, So what do you so? 1:15:51.080 --> 1:15:53.360 What you're saying? So and so this is persons making 1:15:53.520 --> 1:15:56.960 like three hundred three hundred, let's tay thousand a month 1:15:57.040 --> 1:16:00.000 or something. Oh, I've got to do it's boom boom. 1:16:00.200 --> 1:16:03.559 You just won that back any time, he says, kee 1:16:03.640 --> 1:16:05.720 waning back. Whatever I'm at and go get a piece 1:16:05.760 --> 1:16:07.760 of paper, because I know he caught it. I should 1:16:07.800 --> 1:16:10.040 be catching it back. Now I can listen to him passively. 1:16:10.200 --> 1:16:11.880 I'm like, that's why, Shay, you go a little further. 1:16:12.400 --> 1:16:14.760 Yeah, he pushing the question. Yeah, you gott to push 1:16:14.760 --> 1:16:15.080 the button. 1:16:15.920 --> 1:16:17.639 What you do in the clubhouse, I've learned to life. 1:16:20.160 --> 1:16:22.240 I really do go to the rooms that he's in 1:16:22.320 --> 1:16:24.600 because if I feel like learning, I feel like I 1:16:24.600 --> 1:16:26.400 should go to his rooms because I know he's up 1:16:26.400 --> 1:16:28.880 there as a moderator or a person. So I want 1:16:28.880 --> 1:16:31.880 to bring that back. That's a great point. 1:16:32.320 --> 1:16:35.360 What you're saying is, Yo, this is this is talent. 1:16:35.840 --> 1:16:36.679 This is real talent. 1:16:37.720 --> 1:16:39.599 I'd be like, yeah, I be wanting to text him 1:16:39.640 --> 1:16:46.360 like you while you're up on that stage, right, Yeah, 1:16:46.400 --> 1:16:48.599 And so I just quick, how do you about these? 1:16:48.600 --> 1:16:49.519 How do you like it? Now? 1:16:49.600 --> 1:16:52.160 You know what? I think that I think it's beneficial, 1:16:52.240 --> 1:16:57.360 but I think that it could potentially water things down 1:16:57.800 --> 1:17:01.120 because it's so it's like not stop like and I 1:17:01.120 --> 1:17:03.280 think it's like it's so new, it's like it's like 1:17:03.479 --> 1:17:06.120 a drug like people's own it like forty eight hours straight, 1:17:06.560 --> 1:17:12.240 and it could potentially I think water things down because 1:17:12.240 --> 1:17:15.840 like whenever it's just too much, it kind of devalues 1:17:15.920 --> 1:17:18.240 the level of information. That's that's just my own personal 1:17:18.240 --> 1:17:19.720 take on it. But I do feel like it has 1:17:19.800 --> 1:17:23.440 good characteristics. But I feel like sometimes it's like a competition, 1:17:23.600 --> 1:17:26.080 like who knows more, and it's just like everybody is 1:17:27.160 --> 1:17:29.639 yeah exactly, everybody's trying to prove that the smartest person 1:17:29.680 --> 1:17:30.040 in the room. 1:17:30.080 --> 1:17:31.760 The receipts from a screenshot you can get off a 1:17:31.800 --> 1:17:35.840 Google Yeah exactly exactly, everybody ptr and show your receipts 1:17:36.120 --> 1:17:40.720 and or anyway, I'm. 1:17:39.360 --> 1:17:43.400 Like, who did that? But who did that? 1:17:44.760 --> 1:17:46.360 Have you on the cap, you on the TV? 1:17:46.760 --> 1:17:50.000 You know. 1:17:50.680 --> 1:17:54.920 That's the screenshot, that's that's the stream number eleven probately investigating. 1:17:54.439 --> 1:17:56.120 It should be one. 1:17:56.720 --> 1:17:57.640 How do you feel about it? 1:17:58.000 --> 1:18:00.479 You know, I really enjoy it for the pub acknowledge 1:18:00.479 --> 1:18:02.840 that it's given. I do think it makes it for 1:18:03.360 --> 1:18:06.120 I feel like for mental health purposes. I do think 1:18:06.160 --> 1:18:09.000 it's really good for the pandemic because it brings people talking. Again, 1:18:09.479 --> 1:18:11.760 it's different than Instagram where we're writing, but to hear 1:18:11.840 --> 1:18:14.000 somebody's voice, you don't know what somebody the other line 1:18:14.040 --> 1:18:17.559 could be going through. And so by that one gym 1:18:17.600 --> 1:18:20.000 being shared, you can get them really excited about their 1:18:20.720 --> 1:18:23.439 project that they were putting on. We're doing before COVID, 1:18:23.479 --> 1:18:25.439 So I beliel like it is helping a lot of people. 1:18:26.160 --> 1:18:28.240 I do think there are a lot of gurus that 1:18:28.640 --> 1:18:31.000 I don't really know if they're gurus or not. You know, 1:18:31.080 --> 1:18:33.760 that's their business. So sometimes I get worried about the 1:18:33.760 --> 1:18:37.080 information that shared. And then the other thing is there 1:18:37.160 --> 1:18:38.360 was a conversation I think you were a part of 1:18:38.400 --> 1:18:40.120 it where people were talking about how they're going to 1:18:40.160 --> 1:18:42.479 start to monetize that, and I think that's the problem 1:18:42.560 --> 1:18:46.040 sometimes with our society, everybody trying to make a dollar 1:18:46.080 --> 1:18:48.640 out of nothing. Sometimes like can it just be a 1:18:48.680 --> 1:18:50.960 genuine app where you know, maybe if people want to 1:18:51.000 --> 1:18:55.080 tip or share, But why does everything have to be monetized? 1:18:55.160 --> 1:18:57.400 Like every little thing has to be and then it 1:18:57.439 --> 1:18:59.839 just takes away from the fun of connecting and building 1:19:00.080 --> 1:19:00.679 that makes sense. 1:19:00.880 --> 1:19:03.280 Yeah, Yeah, it's one of those things, like you said, 1:19:03.280 --> 1:19:06.760 it's like the the core rooms back in like the 1:19:06.840 --> 1:19:09.880 nineties when it's like the hot line like party line. 1:19:09.920 --> 1:19:14.000 Yeah business that was different number. 1:19:14.160 --> 1:19:16.680 But yeah, the clubhouses it's cool because it's like you 1:19:16.760 --> 1:19:19.120 going in, it's like it could be Meek Millen. That's 1:19:19.160 --> 1:19:20.880 what I like about it. I was in a room 1:19:20.880 --> 1:19:23.880 with Meek and Swiss and to even be able to, 1:19:24.040 --> 1:19:26.599 you know, have somewhat of a conversation with those people 1:19:26.640 --> 1:19:30.960 just randomly. It is different than any other social media experience. 1:19:31.400 --> 1:19:33.160 So there is value in it for sure. 1:19:33.160 --> 1:19:35.240 All Right, but hold on, y'all, that is interesting. Your 1:19:35.280 --> 1:19:38.240 favorite celebrities like my favorite celebrities. Wild I'm not going 1:19:38.240 --> 1:19:40.200 to hold you if you told me he was there 1:19:40.200 --> 1:19:42.800 on the street. We wrapped this up, like I love him, 1:19:43.360 --> 1:19:45.280 But I was in his room and I was in 1:19:45.280 --> 1:19:47.679 there for like four hours, way too long, just listening 1:19:47.720 --> 1:19:49.920 to him talk. I learned a lot about him. I 1:19:49.960 --> 1:19:52.000 was making different opinions about him. So I think it's 1:19:52.040 --> 1:19:53.880 either one that helped me really like more people or 1:19:54.000 --> 1:19:57.000 dis like that because their personalities. It is what it is. 1:19:57.000 --> 1:19:58.840 A home on account, you know what you get to 1:19:58.880 --> 1:20:01.120 fit like even on social media Instagram, you don't really 1:20:01.400 --> 1:20:03.519 feel like you know a person. Why don't hear them? 1:20:03.840 --> 1:20:06.000 Like when I hear Meek mill speak, I know he's 1:20:06.000 --> 1:20:08.200 interested in business because I could hear it in him, 1:20:08.200 --> 1:20:09.679 like you know what I'm saying. I could hear him 1:20:09.720 --> 1:20:12.200 asking questions and it's like you actually feel like you're 1:20:12.200 --> 1:20:13.960 on the phone with like you know what I'm saying. 1:20:14.000 --> 1:20:16.960 So it's interesting. It's interesting. I think they just gotta 1:20:17.080 --> 1:20:19.040 you know, they It's like all things, you just gotta 1:20:19.479 --> 1:20:21.439 just make it a little bit more, you know what 1:20:21.479 --> 1:20:21.840 I'm saying. 1:20:22.240 --> 1:20:23.920 For you guys in terms of the guests you want 1:20:23.920 --> 1:20:26.160 to get, that's an easy like lay up. 1:20:26.200 --> 1:20:27.880 Yeah, it's a great it's a great networking. It's great 1:20:27.920 --> 1:20:30.200 networking too. Every time I go in there, I learned 1:20:30.240 --> 1:20:32.559 some different things from different people. Shout out to Doug 1:20:32.560 --> 1:20:33.680 Out and Dug Out in Philly too. 1:20:33.800 --> 1:20:34.320 Oh Doug. 1:20:34.920 --> 1:20:37.920 Yeah, I learned some stuff from him, Like he said 1:20:37.960 --> 1:20:40.400 some stuff that I didn't know. So I mean it 1:20:40.520 --> 1:20:43.519 is good to go on there and you can gain 1:20:43.560 --> 1:20:44.599 some information for sure. 1:20:44.680 --> 1:20:47.000 Yeah, Doug made me upgrade my Tesla. So I brought 1:20:47.000 --> 1:20:49.280 my Tesla first and I showed Doug. So then Doug 1:20:49.400 --> 1:20:52.679 upgraded his Tesla to the self drive. So all about 1:20:52.680 --> 1:20:54.559 process self driving and self drive in the city. 1:20:54.560 --> 1:20:57.760 You got a self driving Tesla? Yeah, how does that work? Oh? 1:21:01.680 --> 1:21:05.040 You could use it now and wherever everywhere. 1:21:05.280 --> 1:21:07.040 Yeah, So how it works is it is still a 1:21:07.080 --> 1:21:10.120 little robotic, so so Doug and Neo and I was 1:21:10.160 --> 1:21:12.360 just like little kids. We went to the parking lot 1:21:12.400 --> 1:21:14.800 of Target one night and literally we were in the 1:21:14.880 --> 1:21:17.559 car and he made on his app the car drive 1:21:17.640 --> 1:21:20.000 to him. So Neo and I in the back tripping. 1:21:20.040 --> 1:21:21.760 I was like to come pick him up. 1:21:21.840 --> 1:21:22.920 Yeah, to come pick him. 1:21:22.840 --> 1:21:24.400 Up, Like, well, can you do it while you're in 1:21:24.479 --> 1:21:25.200 the car, Oh. 1:21:25.120 --> 1:21:27.320 Yeah, yeah yeah. But he wanted to show us the 1:21:27.360 --> 1:21:30.519 feature that allows you to have the car drive out 1:21:30.560 --> 1:21:33.719 of the parking spot to you at the front store. 1:21:33.560 --> 1:21:35.000 So you can go on the street right now and 1:21:35.080 --> 1:21:36.160 drive and not drive. 1:21:36.200 --> 1:21:38.280 It's called some in your car and. 1:21:38.160 --> 1:21:40.360 You can have it like drive you to the grocery store. 1:21:40.920 --> 1:21:43.680 Oh oh oh street legal and street legal now to 1:21:43.720 --> 1:21:44.080 do that. 1:21:44.200 --> 1:21:46.200 It is, but but it has to have it has 1:21:46.240 --> 1:21:48.720 to have you touch it every thirty seconds, so you 1:21:48.720 --> 1:21:49.960 can't just be hands off. 1:21:49.960 --> 1:21:50.799 You can't fall asleep. 1:21:51.360 --> 1:21:53.439 No, no, you could before they made the update. 1:21:54.080 --> 1:21:55.519 So it's like cruise control kind of. 1:21:55.840 --> 1:21:58.040 But in the city, if you put the GPS on, 1:21:58.120 --> 1:21:59.840 Let's say I want to go to Target. If I'm home, 1:22:00.040 --> 1:22:03.160 targets five miles, the car will go in this direction. 1:22:03.640 --> 1:22:06.000 It will stop at stop times. In order to go, 1:22:06.080 --> 1:22:07.680 you do have to push the gas and then they 1:22:07.680 --> 1:22:09.599 will go again on its own. It'll make the right 1:22:09.640 --> 1:22:11.720 on its own. It's which is laying on its own. 1:22:12.560 --> 1:22:14.320 And the car is actually a better driver than me. 1:22:15.080 --> 1:22:17.840 Like I am a Philly driver, so I'm like, oh 1:22:17.920 --> 1:22:21.439 that's my exit the car yo. The car put me 1:22:21.520 --> 1:22:25.320 back in the lane and like, and I missed my 1:22:25.439 --> 1:22:27.719 exit because I didn't tell the car we were getting 1:22:27.760 --> 1:22:31.040 over with the turn signal. Now I was pissed, but 1:22:31.120 --> 1:22:35.000 I was happy because that's how you avoid collision. I 1:22:35.040 --> 1:22:35.960 feel like I was good though. 1:22:36.000 --> 1:22:39.040 You know the cars, that's crazy. 1:22:38.720 --> 1:22:40.880 You do if you give you driven the Tesla yet Nah, 1:22:42.240 --> 1:22:44.479 So all you do is you go put it online, 1:22:44.520 --> 1:22:47.400 put you one hundred dollars do and depending on your dealership, 1:22:47.439 --> 1:22:48.839 they'll let you hold it for the weekend. 1:22:49.840 --> 1:22:53.320 Yes, they're putting one out here like right, neighborhood go 1:22:53.360 --> 1:22:53.760 for you. 1:22:53.680 --> 1:22:55.800 Get your car for the weekend. I'm telling you you're 1:22:55.840 --> 1:22:58.000 never going to go back to like a regular car 1:22:58.200 --> 1:23:00.479 because you know, you you park up, you could just 1:23:00.479 --> 1:23:03.760 watch you Netflix and the screen is crazy. They're want 1:23:03.760 --> 1:23:05.880 to integrate zooming it really soon. So you could take 1:23:05.920 --> 1:23:07.920 your calls the car is so quiet that I can 1:23:08.040 --> 1:23:09.960 do business calls from the car because it don't sound 1:23:09.960 --> 1:23:12.519 like you're in a car, if that makes sense. My 1:23:12.640 --> 1:23:14.800 dog really enjoys it is. He seats in the bag 1:23:14.880 --> 1:23:18.720 as well, like it is really fun. No, I have 1:23:18.760 --> 1:23:20.840 a three, so I have a three long range. The 1:23:20.920 --> 1:23:23.760 three is super sporty. A tracks men like no other. 1:23:23.800 --> 1:23:26.320 I wasn't that wasn't the purpose of it. Like when 1:23:26.320 --> 1:23:29.200 I first got the car, men like grown men was 1:23:29.200 --> 1:23:31.200 pulling up to the car like I thought the boy 1:23:31.400 --> 1:23:36.320 was gonna come in the window. He was like, he's like, 1:23:36.360 --> 1:23:38.920 you like that car. I was like, I do. I do? 1:23:39.200 --> 1:23:41.839 Now I am licensed, so I don't know what it's about. 1:23:41.600 --> 1:23:43.760 To you. 1:23:45.880 --> 1:23:47.320 And just back up a bit. 1:23:47.400 --> 1:23:51.559 COVID please please, And he said, oh, I'm sorry. 1:23:51.640 --> 1:23:53.559 So I'm just so excited. I wish I knew you 1:23:53.600 --> 1:23:55.519 soth like man man, let me take you out to dinner. 1:23:55.760 --> 1:23:57.800 And I'm like, I'm like, did you just ask to 1:23:57.920 --> 1:23:58.160 know me? 1:23:58.760 --> 1:24:00.639 I wis on it. 1:24:00.720 --> 1:24:03.080 I am like a little boil the inside. And I 1:24:03.160 --> 1:24:05.240 like to race people on Broad Street, especially because the 1:24:05.240 --> 1:24:08.880 COVID is not on trainsic. Yeah, so long story short, 1:24:09.000 --> 1:24:11.320 this guy had a what's the fast ones? It my say, Camaro, 1:24:11.360 --> 1:24:12.360 which one's the fast one? 1:24:13.000 --> 1:24:18.000 Uh, Camara, It depends, depends. 1:24:18.479 --> 1:24:21.240 Let's take Camara, right. So he had a Camaro. This 1:24:21.400 --> 1:24:23.800 is like the height of COVID is nobody outside, and 1:24:23.840 --> 1:24:25.760 I really just wanted to air this car. I just 1:24:25.760 --> 1:24:29.080 wanted to drive it. So I seen him and I'm like, 1:24:29.200 --> 1:24:30.640 he's going to be my little big So I had 1:24:30.640 --> 1:24:34.720 to act all cute like sound was slow and then 1:24:34.840 --> 1:24:38.960 it has a sixty second celebration without the upgrade two 1:24:38.960 --> 1:24:42.160 point now was upgrade two point seven and sixty seconds 1:24:42.560 --> 1:24:44.920 and I was off like four lights. It feel like 1:24:44.920 --> 1:24:49.200 a roller yo. When I tell you, he ran life 1:24:49.320 --> 1:24:52.000 just to catch up. And this again, we're in Philly, 1:24:52.080 --> 1:24:53.400 so we don't know how this could go. Luck me, 1:24:53.400 --> 1:24:55.880 I'm cute because he was like if you wasn't cute, 1:24:55.920 --> 1:24:59.080 yos room everything, what's your number y'all? And I'm like, no, no, 1:24:59.200 --> 1:25:02.639 I just want to race. It was fun. I digress. 1:25:02.680 --> 1:25:05.080 There's nothing to do with anything we talked about, although 1:25:05.120 --> 1:25:06.560 I just oh, but let me do it. Let me 1:25:06.600 --> 1:25:09.320 bring it back. Financial for you guys, I was an 1:25:09.360 --> 1:25:13.479 early investor of Tesla because on my manifestation board for 1:25:13.520 --> 1:25:14.280 over five years. 1:25:14.400 --> 1:25:16.479 How early five years ago. 1:25:16.400 --> 1:25:17.679 I had to start buying Tesla stock. 1:25:18.000 --> 1:25:21.920 Are you good? Yeah? You held it, numbers still got it. Yeah, 1:25:22.360 --> 1:25:22.800 Because my. 1:25:22.800 --> 1:25:25.880 Thing is I always wanted to own Tesla before I 1:25:25.920 --> 1:25:28.559 owned the Tesla, and so when I brought my Tesla 1:25:28.600 --> 1:25:30.400 this year, I felt really good about it because I 1:25:30.479 --> 1:25:33.040 was already involved. I already knew what updates was coming 1:25:34.080 --> 1:25:36.880 the company. Yeah, I wanted you want to buy the 1:25:36.920 --> 1:25:40.160 Tesla in my opinion, coming out of the pandemic, because 1:25:40.160 --> 1:25:42.880 why they're not selling them. I got myns right when 1:25:42.880 --> 1:25:45.679 the dealership opened back up, and they were so happy 1:25:45.680 --> 1:25:48.240 to see me because hey, they haven't been selling any cars. 1:25:49.080 --> 1:25:51.880 And not to be funny, the Tesla buying experience, that's 1:25:51.880 --> 1:25:54.639 how you know things could be better, was ten minutes. Y'all, 1:25:55.720 --> 1:25:59.559 go online, do your app credit, pool my credit straight boom, 1:26:00.280 --> 1:26:02.840 Hi missus, congratulations, you want to come tomorrow morning pick 1:26:02.880 --> 1:26:05.599 up the car? A matter of fact, just go ahead, 1:26:05.640 --> 1:26:07.839 accept your terms. No paperworkers need to hit the dealership 1:26:07.840 --> 1:26:10.320 with Just ask for your ID. We'll do a virtual 1:26:10.320 --> 1:26:11.840 walk through when you get here, all right, see soon, 1:26:12.080 --> 1:26:14.160 So I get there. Oh yeah, he was with me. 1:26:14.200 --> 1:26:16.200 My friend was with me. Right, and me and my 1:26:16.280 --> 1:26:18.639 mom and him, we pull up, we'll know what's happening. 1:26:18.800 --> 1:26:21.320 They're on the inside of the glass, the cars parked out, 1:26:21.439 --> 1:26:24.160 shiny clean, ready to go, charged up. They're like, okay, 1:26:24.160 --> 1:26:26.240 what you're gonna do? Because of COVID, they will virtually 1:26:26.280 --> 1:26:29.360 walk me through and then you just pull off. I 1:26:29.400 --> 1:26:32.160 still feel like I. 1:26:31.600 --> 1:26:35.479 Stole the car, Like it would have been crazy if 1:26:35.479 --> 1:26:37.000 they just asked you for your address and like, yeah, 1:26:37.000 --> 1:26:38.120 were gonna send it to you in the morning. 1:26:38.320 --> 1:26:39.840 Well they could drop it off if you had that 1:26:40.840 --> 1:26:42.120 want to go to the dealership to take a picture. 1:26:42.160 --> 1:26:45.160 Okay, you got to you gotta get a deal, Yes, spokesman, 1:26:45.920 --> 1:26:47.680 that was a hell of a pitch. That was a 1:26:47.680 --> 1:26:50.120 hell of a pitch for Tesla. Tesla for sure. So 1:26:50.160 --> 1:26:52.280 let's talk about Let's end it with your e book. Yes, 1:26:52.680 --> 1:26:54.439 talk about the e book if you if you may. 1:26:54.880 --> 1:26:57.800 Yeah. So it's about fifty pages long. It's a day 1:26:57.800 --> 1:26:59.599 by day journey. So it's a thirty one day guy 1:26:59.680 --> 1:27:01.400 to take calling your stud loons or slaying your student 1:27:01.400 --> 1:27:04.120 loans is the term. So day one, day two, and 1:27:04.160 --> 1:27:06.400 I wrote the book from the perspective of someone who 1:27:06.520 --> 1:27:09.080 never ever looked at their student loans. The meat is 1:27:09.120 --> 1:27:11.439 in the middle when it talks about home buying. I 1:27:11.479 --> 1:27:14.080 put a lot of loan forgiveness programs in their state 1:27:14.120 --> 1:27:17.320 loan forgetting his programs in there. I put in information 1:27:17.360 --> 1:27:20.160 there about you know, I include something about getting the 1:27:20.160 --> 1:27:22.560 additional streams of income, just because I wanted people to 1:27:22.560 --> 1:27:24.519 think about how they can also start to pay down 1:27:24.560 --> 1:27:26.560 their student loan debt. But what I do with the 1:27:26.600 --> 1:27:28.320 e book that's really different than I feel like a 1:27:28.320 --> 1:27:31.799 lot of ebooks is I commit to doing bi weekly 1:27:32.120 --> 1:27:34.400 free calls. So if you buy the e book and 1:27:34.439 --> 1:27:37.840 the confirmation email, it's clickare for additional classes and resources. 1:27:38.240 --> 1:27:41.320 I just keep doing free calls on different topics, anything 1:27:41.360 --> 1:27:43.920 that's related to student loan debt, because I want people 1:27:43.920 --> 1:27:46.519 to be tapped in and tuned in and for refro. 1:27:46.680 --> 1:27:48.559 It's like, I'll make a deal with you. This ebook 1:27:48.600 --> 1:27:51.360 is what twenty nine ninety nine you can continually give 1:27:51.439 --> 1:27:54.439 free game in a zoom environment. We could take up 1:27:54.479 --> 1:27:56.120 to a thousand people in the zoom If I need 1:27:56.160 --> 1:27:58.000 to expand it, I would, but we didn't hit over 1:27:58.040 --> 1:28:01.080 a thousand, and I just keep doing classes and you 1:28:01.120 --> 1:28:05.200 can see people really have like eye opening moments. Eight 1:28:05.240 --> 1:28:08.439 people so far in counting have gotten their loans one 1:28:08.560 --> 1:28:13.000 hundred percent forgiving through the TPD program, the Total Permanent 1:28:13.080 --> 1:28:16.559 Disability Program. Some people have had disabilities that are physical, 1:28:16.600 --> 1:28:19.320 like you can see, that's preventing them from working. Some 1:28:19.400 --> 1:28:22.599 disabilities like loopis we didn't even probably think about, right, 1:28:22.720 --> 1:28:25.280 I have LOOPIS, but lupis doesn't have me. Some it's 1:28:25.280 --> 1:28:27.400 called remission, so I don't take medicine X, Y and Z. 1:28:27.680 --> 1:28:30.120 But there are some people that are really struggling with 1:28:30.200 --> 1:28:33.000 loops right now, right, so that would be a call 1:28:33.120 --> 1:28:36.240 to get your loans forgiven. So the clause is if 1:28:36.240 --> 1:28:39.320 it's anything that's impacting you from have continuous and steady work. 1:28:39.760 --> 1:28:42.040 Yeah, that's all right, And we're gonna put the link 1:28:42.160 --> 1:28:44.759 in our bio of this. If you're watching this on YouTube, 1:28:45.200 --> 1:28:47.400 and if you're listening on Apple or Spotify, we'll put 1:28:47.400 --> 1:28:48.920 the link. We also put the link on our website 1:28:49.000 --> 1:28:51.760 under the alumni tab. So, yeah, twenty nine dollars. If 1:28:51.800 --> 1:28:54.439 you have student loans, you obviously definitely should get it. 1:28:54.479 --> 1:28:57.720 And if you have a child, or if you have 1:28:57.880 --> 1:29:00.880 you know, a niece or nephew, anybody that's going to college. 1:29:01.400 --> 1:29:04.760 You should educate yourself beforehand, be prepared before. And too 1:29:04.760 --> 1:29:08.000 many times in our culture we prepare ourselves after something's happened. 1:29:08.200 --> 1:29:11.120 We're reactionary instead of being proactive. So you got to 1:29:11.160 --> 1:29:14.160 be proactive. You got to be prepare yourself beforehand. So 1:29:15.560 --> 1:29:18.320 once again, thank you, thank you for joining us. 1:29:18.560 --> 1:29:19.120 Thank you guys. 1:29:19.240 --> 1:29:21.200 Yeah, it's a pleasure real quick. 1:29:21.360 --> 1:29:23.599 And you spoke about the long forgiveness. I just want 1:29:23.600 --> 1:29:26.439 to add for all teachers, just another little little tidbit 1:29:26.600 --> 1:29:29.479 like our hack. And so we said that if you 1:29:29.520 --> 1:29:31.160 apply for it and you work in a Title one 1:29:31.160 --> 1:29:34.280 school and I'm only speaking this because this has actually 1:29:34.320 --> 1:29:38.080 happened to me, they usually give you seventeen five or 1:29:38.160 --> 1:29:40.960 five thousand, dependent on what you're teaching. The seventeen five 1:29:41.000 --> 1:29:44.240 will go to mathematics and science. However, I argued with 1:29:44.320 --> 1:29:46.240 my principle that I will teaching health at the time. 1:29:46.320 --> 1:29:48.680 Health is a science, and so I was able as 1:29:48.680 --> 1:29:51.080 a physic teacher and a health teacher to get seventeen 1:29:51.120 --> 1:29:54.240 five old. So that's another one. That's right, that's right. 1:29:54.280 --> 1:29:56.479 So we got to seventeen five, So that's good to know. So, 1:29:56.560 --> 1:29:59.200 like sometimes people don't want to work in environments where 1:29:59.200 --> 1:30:01.519 they title one school, which makes no sense because any 1:30:01.680 --> 1:30:04.040 environment could be a tile one school. Yeah, they're all 1:30:04.040 --> 1:30:06.840 tied to one schools. You worked there five years, eighteen 1:30:06.880 --> 1:30:08.240 thousand dollars off your still loan. 1:30:08.120 --> 1:30:09.760 And it can be five years across. 1:30:09.520 --> 1:30:12.240 The board, across the board. Yeah, yeah, oh ahead, Yeah 1:30:12.280 --> 1:30:12.760 you have it. 1:30:14.120 --> 1:30:17.000 And then how did you enjoy teaching at Yo University? 1:30:17.400 --> 1:30:21.000 Oh? Your classes, your students all do, I had said 1:30:21.080 --> 1:30:24.120 EYL on Live last night. So I have to go 1:30:24.200 --> 1:30:26.719 down and they're like, oh, I'm a member, I'm a member, 1:30:28.640 --> 1:30:30.559 And so I think that's so dope because I like 1:30:30.600 --> 1:30:32.800 that people are investing themselves. Don't you think it's like 1:30:32.840 --> 1:30:36.880 the best time to be a young black person getting educated. 1:30:37.160 --> 1:30:40.559 That's why I said, if it don't in the poverty 1:30:40.600 --> 1:30:42.479 mindset or the check to check myndset, if it don't 1:30:42.560 --> 1:30:44.280 end with this generation that I don't know which generation 1:30:44.400 --> 1:30:47.040 it would end with. It has to be us because 1:30:47.080 --> 1:30:50.280 you have an EYL, you have your I think it's like, 1:30:50.640 --> 1:30:52.800 I don't tell me for I'm wrong. I feel like 1:30:52.880 --> 1:30:56.400 the influencers, particularly in this space, in my opinion, have 1:30:56.439 --> 1:30:58.120 a little more foult than some celebrities. 1:30:58.200 --> 1:31:01.519 There are a lot of celebrities, right. Financial literacy is 1:31:01.520 --> 1:31:02.439 the new rap. 1:31:03.800 --> 1:31:06.120 It's funny when you look up how much your favorite 1:31:06.160 --> 1:31:09.360 Clevely makes in a month. Yeah, I make more. 1:31:09.560 --> 1:31:10.639 No, I definitely make more. 1:31:10.800 --> 1:31:14.840 Yeah. So I don't know be my favorite, like I mean, 1:31:14.880 --> 1:31:16.160 I just I like I see it at the vent 1:31:16.280 --> 1:31:17.800 or something like. And that's the other thing we don't. 1:31:17.800 --> 1:31:20.559 We don't want to idolize. I had learned that God 1:31:20.640 --> 1:31:22.400 gave me a really hard lesson. I know, were wrapping 1:31:22.400 --> 1:31:24.040 it up, but there was somebody I can't say his 1:31:24.120 --> 1:31:26.680 name who I really admire, a one in the in 1:31:26.720 --> 1:31:29.479 the financial industry, I'll tell y'all offline. And I had 1:31:29.479 --> 1:31:31.479 paid this five thousand dollars ticket to be in his 1:31:31.600 --> 1:31:35.920 VIP and and I was in Money magazine right behind 1:31:35.920 --> 1:31:38.560 his cover, and I was excited to tell him I 1:31:38.640 --> 1:31:42.800 knew his whole team. And he was so rude. And 1:31:42.800 --> 1:31:44.640 that's and God told me a hard lesson. I mean, 1:31:44.800 --> 1:31:46.640 like I cried, I'm not even really funny because I 1:31:46.760 --> 1:31:49.200 really idolized him, right, But God said, don't idalyize me 1:31:49.240 --> 1:31:51.599 and illize me. Right. So when I when I did 1:31:51.640 --> 1:31:53.679 that happen to me, I'm like, I'm going to talk 1:31:53.720 --> 1:31:56.080 next to him one day with CNN the hell like, 1:31:56.439 --> 1:31:59.080 so I can't even I don't even have I'm not 1:31:59.200 --> 1:32:01.800 like le fans of anybody anymore because we're all just 1:32:01.840 --> 1:32:04.880 one connection away from somebody that we are idolized. I 1:32:04.880 --> 1:32:07.160 can respect their craft, but I can't be like, oh, 1:32:07.200 --> 1:32:09.640 that's so and so you know my joke is, you know, 1:32:09.800 --> 1:32:11.479 we having lunch from Oprah soon, you know. 1:32:11.720 --> 1:32:14.400 So that's that's how I that's a fact. 1:32:15.200 --> 1:32:17.640 We got that saying about jay Z. We're gonna keep 1:32:17.640 --> 1:32:19.920 saying this until he sits next to us. So yeah, 1:32:20.040 --> 1:32:25.719 so definitely on in trajectory like our chances. 1:32:25.760 --> 1:32:27.639 But I thank you for doing that class that was doping, 1:32:27.680 --> 1:32:29.360 like I said, just to get the question and answers 1:32:29.360 --> 1:32:31.479 part of it, and you know it's all experienced. So 1:32:31.560 --> 1:32:33.320 thank you for joining us, and thank you for doing 1:32:33.320 --> 1:32:35.200 EL University. I'm sure we'll be doing a bunch of 1:32:35.240 --> 1:32:38.400 other stuff in the future. Troy housekeeping items. 1:32:38.439 --> 1:32:40.920 Yeah, shout out to everybody on patreon dot com. I'll 1:32:40.920 --> 1:32:43.720 probably pay program y'all know that Tier five members, y'all 1:32:43.720 --> 1:32:46.120 get access to a beautiful university that we were just 1:32:46.120 --> 1:32:50.080 speaking of. EL University is the number one number one 1:32:50.160 --> 1:32:52.720 business school and entrepreneurial school in the entire world. So 1:32:52.760 --> 1:32:54.479 we get shout out to all our earners that have 1:32:54.479 --> 1:32:56.839 been a part of that, and shout everybody that's supporting 1:32:56.840 --> 1:33:00.200 to merch the ey l merch. It's moving. Man out 1:33:00.200 --> 1:33:03.479 to everybody that has gotten our varsity jacket or the 1:33:03.520 --> 1:33:07.160 assets of a liabilities or the scullies. We greatly appreciate it. 1:33:07.360 --> 1:33:09.800 Make sure y'all y'all take pictures in it, tag us 1:33:09.800 --> 1:33:10.880 in it so we can post y'all. 1:33:11.160 --> 1:33:13.920 Yeah, sure, So, thank you guys for rocking with us. 1:33:14.280 --> 1:33:18.200 Don't forget to subscribe, hit the like button, leave a comment, review, 1:33:18.600 --> 1:33:21.120 and we will see you guys next week. Peace. 1:33:21.240 --> 1:33:27.320 Peace my graduates from my school being forced back. 1:33:27.479 --> 1:33:31.559 Drop bag drop Mike, drop back drop. 1:33:42.960 --> 1:33:43.240 Coach. 1:33:43.360 --> 1:33:45.840 The energy out there felt different. What changed for the 1:33:45.840 --> 1:33:46.360 team today? 1:33:46.439 --> 1:33:48.600 It was the new game day, scratches from the California 1:33:48.640 --> 1:33:50.120 Lottery players, everything. 1:33:50.439 --> 1:33:52.400 Those games sent the team's energy through the roof. 1:33:52.439 --> 1:33:54.439 Are you saying it was the off field play that 1:33:54.479 --> 1:33:55.960 made the difference on the field. 1:33:55.720 --> 1:33:58.439 Hey, little play makes your day, and today it made 1:33:58.479 --> 1:33:58.880 the game. 1:33:59.320 --> 1:34:01.920 That's off of that, coach, one more question played the 1:34:01.960 --> 1:34:04.680 new Los Angeles Chargers, San Francisco forty nine ers and 1:34:04.720 --> 1:34:08.000 Los Angeles Rams scratchers from the California Lottery. A little 1:34:08.040 --> 1:34:11.040 play can make your day. Peace play responsibly. Must be 1:34:11.040 --> 1:34:12.679 eighteen years or older to purchase play or claim