1 00:00:00,840 --> 00:00:04,680 Speaker 1: Hey guys, Welcome to this week's episode of the PhD podcast. 2 00:00:05,360 --> 00:00:08,559 Speaker 1: It's Your Girl, and this week's is a rewind episode 3 00:00:08,640 --> 00:00:14,000 Speaker 1: of my very first episode, I Just Found Bankruptcy UM. 4 00:00:14,040 --> 00:00:16,840 Speaker 1: This episode was very near and dear to my heart. 5 00:00:16,840 --> 00:00:20,080 Speaker 1: I shared it with somebody down very close with UM. 6 00:00:20,200 --> 00:00:23,000 Speaker 1: That particular guest shared her story on how she became 7 00:00:23,200 --> 00:00:26,360 Speaker 1: or how she found bankruptcy, her lessons, the tifts that 8 00:00:26,440 --> 00:00:30,520 Speaker 1: she learned, excuse me, and it was just so good 9 00:00:30,560 --> 00:00:32,600 Speaker 1: because I feel like within our community, we do not 10 00:00:32,720 --> 00:00:36,199 Speaker 1: talk about UM money, we don't talk about finances, so 11 00:00:36,280 --> 00:00:38,240 Speaker 1: I think it was very empowering for her to share 12 00:00:38,240 --> 00:00:41,199 Speaker 1: her story. I received so many good feedback, so if 13 00:00:41,200 --> 00:00:43,559 Speaker 1: you have any questions on this episode, please email me 14 00:00:43,640 --> 00:00:47,640 Speaker 1: at hello at the PhD podcast dot com. I know 15 00:00:47,760 --> 00:00:50,400 Speaker 1: we are in the holiday season, so you know, please 16 00:00:50,400 --> 00:00:53,560 Speaker 1: don't forget about your financial goals. And I hope young 17 00:00:53,600 --> 00:00:55,760 Speaker 1: out here's spending no money on these niggas and ain't 18 00:00:55,760 --> 00:00:58,360 Speaker 1: paying no bills. And if they are paying bills, you 19 00:00:58,440 --> 00:00:59,960 Speaker 1: still don't need to be spending the money on them 20 00:01:00,240 --> 00:01:03,200 Speaker 1: because we got ship we gotta do in Please make 21 00:01:03,240 --> 00:01:06,200 Speaker 1: sure to follow me on Instagram at the Professional home 22 00:01:06,240 --> 00:01:09,080 Speaker 1: Girl at the PhD Podcast. And that's not least at 23 00:01:09,120 --> 00:01:12,840 Speaker 1: ebenet beauty UM, and Merry Christmas. Like, by time you 24 00:01:12,880 --> 00:01:15,480 Speaker 1: hear this, it's gonna be Christmas Eve, or you might 25 00:01:15,520 --> 00:01:19,920 Speaker 1: hear it on Christmas Day. So Merry Christmas, UM, Happy holidays, everyone, 26 00:01:20,040 --> 00:01:26,080 Speaker 1: stay safe, be blessed, and until next time, guys later welcome. 27 00:01:27,640 --> 00:02:01,920 Speaker 1: You are now listening to the professional professional. Hey, guys, 28 00:02:01,920 --> 00:02:05,400 Speaker 1: welcome to this week's episode of the PhD podcast. Is 29 00:02:05,440 --> 00:02:08,639 Speaker 1: your girl up a Name? And I'm here. Well, another 30 00:02:08,680 --> 00:02:11,080 Speaker 1: episode that I'm really excited about. I think that we 31 00:02:11,120 --> 00:02:14,480 Speaker 1: all can learn from this. UM. You know, I'm going 32 00:02:14,520 --> 00:02:18,120 Speaker 1: to be sharing some things about my financial situation as well, 33 00:02:18,440 --> 00:02:24,640 Speaker 1: and I really hope that this episode UM encourage encourages you, so, like, 34 00:02:24,760 --> 00:02:28,919 Speaker 1: you know, get your ship together. So, as usual, I 35 00:02:28,960 --> 00:02:32,480 Speaker 1: don't have the pleasure of introducing my guests, so with 36 00:02:32,600 --> 00:02:36,360 Speaker 1: that being said, let's just jump right into it. So 37 00:02:36,760 --> 00:02:40,000 Speaker 1: my first question is what was your relationship like with 38 00:02:40,160 --> 00:02:45,120 Speaker 1: money before you found bankruptcy? UM? So before I filed 39 00:02:45,280 --> 00:02:49,200 Speaker 1: for bankruptcy. So wait, growing up, I didn't really understand 40 00:02:49,240 --> 00:02:51,280 Speaker 1: the concept of money. I can start with that. Like 41 00:02:51,400 --> 00:02:53,640 Speaker 1: most of us, I didn't really understand the concept of 42 00:02:53,680 --> 00:02:55,760 Speaker 1: money because like a lot of children, I feel like 43 00:02:55,840 --> 00:02:58,720 Speaker 1: in the hood is like your parents try to overcompensate 44 00:02:58,760 --> 00:03:01,959 Speaker 1: by giving you things. Um So when you get older, 45 00:03:02,000 --> 00:03:06,240 Speaker 1: you kind of don't realize that, like things cost um 46 00:03:07,200 --> 00:03:10,400 Speaker 1: So had to pay for ship when he was growing up, right, 47 00:03:10,480 --> 00:03:12,560 Speaker 1: And I think that for me too, so like you know, 48 00:03:12,680 --> 00:03:14,280 Speaker 1: just to share. Like I grew up, like you know, 49 00:03:14,520 --> 00:03:17,440 Speaker 1: not wealthy or anything, like I grew up in the projects. 50 00:03:17,440 --> 00:03:20,760 Speaker 1: But I've never really wanted for anything. And because of that, 51 00:03:20,800 --> 00:03:23,200 Speaker 1: like both of my parents were like would be considered 52 00:03:23,200 --> 00:03:26,040 Speaker 1: probably like middle class jobs. Um they both worked. They 53 00:03:26,080 --> 00:03:29,040 Speaker 1: always gave me things. I always had stuff. Um So 54 00:03:29,120 --> 00:03:31,320 Speaker 1: for me when I got older, I really thought that 55 00:03:31,360 --> 00:03:33,880 Speaker 1: I was good. It wasn't until I got to college 56 00:03:34,360 --> 00:03:36,760 Speaker 1: and I was. I would never forget my roommate at 57 00:03:36,760 --> 00:03:39,520 Speaker 1: the time, she was paying for her college with her 58 00:03:39,720 --> 00:03:42,520 Speaker 1: like like with a check, Like her dad had wrote 59 00:03:42,520 --> 00:03:45,480 Speaker 1: out a check and it was like five thousands something 60 00:03:45,480 --> 00:03:48,760 Speaker 1: dollars and basically he was paying for her college. And 61 00:03:48,800 --> 00:03:52,160 Speaker 1: here I was like basically texting all my family members, 62 00:03:52,200 --> 00:03:54,640 Speaker 1: acting each of them for fifty dollars just so I 63 00:03:54,640 --> 00:03:57,160 Speaker 1: could get books. But I thought that I was good 64 00:03:57,200 --> 00:03:59,000 Speaker 1: before I got there, like, oh, I'm good, you know 65 00:03:59,040 --> 00:04:02,240 Speaker 1: I got That's funny how you grow up. It isn't 66 00:04:02,280 --> 00:04:04,880 Speaker 1: funny how you grow up and you think that that's 67 00:04:04,880 --> 00:04:07,280 Speaker 1: your normal, and you think that's normal for everyone until 68 00:04:07,360 --> 00:04:09,400 Speaker 1: you get out there in the world you need other 69 00:04:09,400 --> 00:04:11,240 Speaker 1: people and you'd be like, damn, that's not people really 70 00:04:11,240 --> 00:04:15,119 Speaker 1: be living right, Like it's really level. So I think 71 00:04:15,120 --> 00:04:18,520 Speaker 1: that that when I started to real life that then, um, 72 00:04:18,560 --> 00:04:21,440 Speaker 1: I actually created like a resentment towards my parents, like 73 00:04:21,520 --> 00:04:24,560 Speaker 1: you didn't do enough, you didn't work hard enough, you 74 00:04:24,600 --> 00:04:27,599 Speaker 1: didn't do that, you didn't do this. Um. It wasn't 75 00:04:27,680 --> 00:04:30,200 Speaker 1: until I started to get out of college. And by 76 00:04:30,240 --> 00:04:31,760 Speaker 1: this time I was living on my own. So I've 77 00:04:31,760 --> 00:04:33,240 Speaker 1: been living on my own since I was maybe like 78 00:04:33,360 --> 00:04:37,920 Speaker 1: nineteen m own car, own apartment, on everything. It wasn't 79 00:04:37,960 --> 00:04:40,159 Speaker 1: until then and I was like hit with over for 80 00:04:40,279 --> 00:04:43,480 Speaker 1: one a hundred and one thousand dollars in student loan 81 00:04:43,520 --> 00:04:46,640 Speaker 1: debt between my masters and my bachelor's. I had an 82 00:04:46,640 --> 00:04:48,440 Speaker 1: apartment that I was paying rent for. I had a 83 00:04:48,480 --> 00:04:51,080 Speaker 1: car that I was financing at the time. I was 84 00:04:51,120 --> 00:04:53,159 Speaker 1: probably up to like my second car because New York 85 00:04:53,240 --> 00:04:59,719 Speaker 1: sucks your car up like a second car by the time. 86 00:04:59,720 --> 00:05:01,440 Speaker 1: And it was until then and I started realized like, 87 00:05:01,560 --> 00:05:04,080 Speaker 1: oh they did they did the best they could with 88 00:05:04,160 --> 00:05:07,000 Speaker 1: what they had, because here I am out here grinding 89 00:05:07,040 --> 00:05:09,039 Speaker 1: every day doing the best that I can with what 90 00:05:09,120 --> 00:05:12,800 Speaker 1: I have, So I kind of can't blame them, you 91 00:05:12,839 --> 00:05:14,159 Speaker 1: know what I mean. And then that's when I really 92 00:05:14,160 --> 00:05:16,040 Speaker 1: started to like come into my own and really learn 93 00:05:16,080 --> 00:05:18,560 Speaker 1: more about credit and learn more about things. But by 94 00:05:18,560 --> 00:05:20,680 Speaker 1: this time, quite honestly, a lot of the damage was 95 00:05:20,720 --> 00:05:23,360 Speaker 1: already done, like you know, like a lot of the 96 00:05:23,520 --> 00:05:25,680 Speaker 1: like taking out loans, Like if I can go back, 97 00:05:25,720 --> 00:05:28,039 Speaker 1: I probably would have never taken that much money in 98 00:05:28,080 --> 00:05:29,960 Speaker 1: student loans, Like I know for a fact that I 99 00:05:29,960 --> 00:05:32,080 Speaker 1: wouldn't have you know, you know what. The same with me. 100 00:05:32,360 --> 00:05:34,040 Speaker 1: But I think that when when you were in college, 101 00:05:36,400 --> 00:05:39,520 Speaker 1: when I was in college, I went to Tennessee State University, UM, 102 00:05:39,560 --> 00:05:45,960 Speaker 1: the biggest thing was, oh yeah, I got right. So 103 00:05:46,040 --> 00:05:48,680 Speaker 1: it's like in the process because nobody talked to you 104 00:05:48,760 --> 00:05:50,760 Speaker 1: the importance of hey, I only take out what you 105 00:05:50,800 --> 00:05:54,000 Speaker 1: need if you if you're gonna take that money out, girl, 106 00:05:54,080 --> 00:05:55,760 Speaker 1: I swear to guard. If I knew what I could 107 00:05:55,800 --> 00:05:57,719 Speaker 1: do with a refund check, now I'd be a million 108 00:05:59,320 --> 00:06:01,200 Speaker 1: two times three times over about now you know what 109 00:06:01,279 --> 00:06:04,280 Speaker 1: I mean. But like you said, it wasn't alt to us, 110 00:06:04,880 --> 00:06:07,080 Speaker 1: and that sometimes I get like I was frustrated with 111 00:06:07,160 --> 00:06:10,200 Speaker 1: because I'm in my own money situation like twenty nineteen 112 00:06:10,279 --> 00:06:12,560 Speaker 1: and my budget is about to be tight because I 113 00:06:12,600 --> 00:06:14,400 Speaker 1: have a goal that I need to accomplish. But in 114 00:06:14,520 --> 00:06:16,600 Speaker 1: order to complish that go I have to cut out 115 00:06:16,640 --> 00:06:19,800 Speaker 1: all the whip. But I was first rating with my 116 00:06:19,839 --> 00:06:22,520 Speaker 1: own parents and upbringing just like damn, like why I 117 00:06:22,640 --> 00:06:25,400 Speaker 1: didn't teach me because they didn't know any better. And 118 00:06:25,440 --> 00:06:28,120 Speaker 1: that was like now that I teach, so like I'm 119 00:06:28,160 --> 00:06:30,520 Speaker 1: fortunate enough that now I'm a professor. It's so weird 120 00:06:30,520 --> 00:06:33,279 Speaker 1: how life happened. Um, So I'm a professor and I 121 00:06:33,360 --> 00:06:36,000 Speaker 1: teach finance. I teach at ft A one at f 122 00:06:36,160 --> 00:06:38,760 Speaker 1: EN two O three, which are pretty much the introductory 123 00:06:38,800 --> 00:06:41,559 Speaker 1: finance courses that you would take as a finance major 124 00:06:41,560 --> 00:06:44,880 Speaker 1: in college. And the classes are like intro to Investments, 125 00:06:44,880 --> 00:06:47,200 Speaker 1: intro to Financial Management, and the first question that I 126 00:06:47,279 --> 00:06:49,360 Speaker 1: asked But like when my students first come in, the 127 00:06:49,360 --> 00:06:51,360 Speaker 1: first question I always asked them, it's like, what are 128 00:06:51,440 --> 00:06:53,440 Speaker 1: things that we're told to you about money? And it's 129 00:06:53,480 --> 00:06:56,160 Speaker 1: always the answers of like, you know, eat all your food. 130 00:06:56,560 --> 00:06:58,640 Speaker 1: You know, there's people out there starving in the world. 131 00:06:58,839 --> 00:07:05,240 Speaker 1: There's always like you know, um, yeah, you're supposed to 132 00:07:05,320 --> 00:07:07,640 Speaker 1: save money, but it's like people tell us all these 133 00:07:07,640 --> 00:07:09,400 Speaker 1: things and then you look on social media and it's 134 00:07:09,440 --> 00:07:11,920 Speaker 1: like people are eating in access like everybody eats. We 135 00:07:12,000 --> 00:07:15,920 Speaker 1: eating good over here, and it's like whoa conflicting messages? 136 00:07:15,920 --> 00:07:17,680 Speaker 1: You know what I mean? Like are people starving? Or 137 00:07:17,760 --> 00:07:19,720 Speaker 1: is there an abundance of money in the world and 138 00:07:19,920 --> 00:07:21,680 Speaker 1: any of us can go out and get it? And 139 00:07:21,680 --> 00:07:23,760 Speaker 1: I think that when you realize that that's really what 140 00:07:23,840 --> 00:07:27,920 Speaker 1: it is, like there's an abundance of money out out here, yes, 141 00:07:29,600 --> 00:07:32,240 Speaker 1: like there are people with less opportunities, yes, but there's 142 00:07:32,240 --> 00:07:34,480 Speaker 1: an abundance of money out there. So girl, like just 143 00:07:34,520 --> 00:07:36,040 Speaker 1: go out there and get it. And I think that 144 00:07:36,080 --> 00:07:38,760 Speaker 1: once you realize that, your beauty once money, starts to change. 145 00:07:39,080 --> 00:07:41,480 Speaker 1: But in reality, like you gotta think about it, like 146 00:07:41,560 --> 00:07:43,520 Speaker 1: none of us are like everybody tells us how to save, 147 00:07:43,560 --> 00:07:45,560 Speaker 1: but who really sat down and was like, yo, the 148 00:07:45,600 --> 00:07:48,000 Speaker 1: way that you save is by making it automatic, is 149 00:07:48,040 --> 00:07:50,000 Speaker 1: by taking tempercent of what you make and putting it 150 00:07:50,000 --> 00:07:52,040 Speaker 1: into a separate account that you don't touch. Like no 151 00:07:52,040 --> 00:07:53,840 Speaker 1: one really gives you the blueprint, but they give you 152 00:07:53,880 --> 00:07:57,560 Speaker 1: the blueprint for everything else. So what were like some 153 00:07:57,640 --> 00:08:00,679 Speaker 1: of the signs that you you know they bank rocy 154 00:08:00,800 --> 00:08:02,680 Speaker 1: was an option like what made you get Yeah? So 155 00:08:02,720 --> 00:08:07,200 Speaker 1: for me personally, I was being food um, So that 156 00:08:07,320 --> 00:08:10,120 Speaker 1: was for me to avoid um and knowing as much 157 00:08:10,120 --> 00:08:12,000 Speaker 1: as what I know about finance, right, like, I know 158 00:08:12,120 --> 00:08:13,440 Speaker 1: that that was in a way for me, that was 159 00:08:13,480 --> 00:08:15,920 Speaker 1: a way for me to pay that case. So I was, 160 00:08:16,080 --> 00:08:17,840 Speaker 1: you know, going back and forth with an own apartment, 161 00:08:18,320 --> 00:08:21,800 Speaker 1: and we were I was in court with them, and 162 00:08:21,840 --> 00:08:23,240 Speaker 1: you know, I feel while I got tired of going 163 00:08:23,280 --> 00:08:25,480 Speaker 1: back and forth in court, and I also recognized that 164 00:08:25,520 --> 00:08:28,760 Speaker 1: I was also still young enough um to do it 165 00:08:28,800 --> 00:08:31,720 Speaker 1: and to bounce back from it. And also that you know, 166 00:08:31,800 --> 00:08:33,640 Speaker 1: for me it was just some more of a which 167 00:08:33,640 --> 00:08:36,160 Speaker 1: which so you're in this situation right and get back 168 00:08:36,240 --> 00:08:38,199 Speaker 1: is against the wall? Which path do you want to 169 00:08:38,240 --> 00:08:43,280 Speaker 1: take exactly? Or do you want to do you want 170 00:08:43,280 --> 00:08:44,640 Speaker 1: to pay it all off and use the next five 171 00:08:44,720 --> 00:08:46,320 Speaker 1: years out of your life climbing out of the debt, 172 00:08:46,800 --> 00:08:49,520 Speaker 1: or do you want to simply like file the bankruptcy 173 00:08:49,559 --> 00:08:52,000 Speaker 1: and use the next maybe two three years to possibly 174 00:08:52,040 --> 00:08:54,480 Speaker 1: like get your numbers back up. And I just y know, 175 00:08:54,559 --> 00:08:56,960 Speaker 1: that's so funny that you said that, because I always 176 00:08:56,960 --> 00:09:00,560 Speaker 1: tell people you should not judge. You're all is against 177 00:09:00,559 --> 00:09:04,760 Speaker 1: that wall, Yo, sometimes the only options there. You'll be surprised. 178 00:09:04,800 --> 00:09:07,560 Speaker 1: Like for me, you know, having a finance background and 179 00:09:07,600 --> 00:09:09,560 Speaker 1: knowing as much as like I'm a finance professor, I 180 00:09:09,640 --> 00:09:13,080 Speaker 1: know that all these companies, Donald Trump, all these people, 181 00:09:13,440 --> 00:09:16,600 Speaker 1: rich people are filing banks with no issues. So for me, 182 00:09:16,640 --> 00:09:19,120 Speaker 1: it's not really that a lot of rich people here. Me, 183 00:09:19,240 --> 00:09:21,160 Speaker 1: it's not really that part of the shame that or 184 00:09:21,160 --> 00:09:23,600 Speaker 1: the stigma that comes with it. I'm not ashamed of that. 185 00:09:23,800 --> 00:09:25,679 Speaker 1: Like for me, it's really but why do you think 186 00:09:25,720 --> 00:09:27,320 Speaker 1: it's such a Why do you think it's such a 187 00:09:27,360 --> 00:09:30,400 Speaker 1: negative connotation with that? Like when you people here find 188 00:09:30,520 --> 00:09:33,160 Speaker 1: I mean filing bankruptcy, they'd be like, oh my god, 189 00:09:33,240 --> 00:09:35,400 Speaker 1: the lack of knowledge. But you know, if you don't 190 00:09:35,440 --> 00:09:37,480 Speaker 1: know better if if if I mean you got to 191 00:09:37,520 --> 00:09:40,840 Speaker 1: think about it. The word itself says that basically you 192 00:09:40,880 --> 00:09:44,600 Speaker 1: are so poor allegedly that you are wiping out all 193 00:09:44,600 --> 00:09:47,040 Speaker 1: of your debt because you can no longer pay your creditors. Now. 194 00:09:47,280 --> 00:09:49,480 Speaker 1: I mean from a financial standpoint, there's a lot of 195 00:09:49,480 --> 00:09:53,160 Speaker 1: reasons why I wouldn't want to pay somebody that I owe, right, Um, 196 00:09:53,240 --> 00:09:55,200 Speaker 1: but that would necessarily mean that I have to go 197 00:09:55,240 --> 00:09:57,040 Speaker 1: about it. Now. Is folding a piece of paper and 198 00:09:57,080 --> 00:09:58,560 Speaker 1: going up to a judge is what I need to 199 00:09:58,600 --> 00:10:01,679 Speaker 1: do to get out of that situation, I'm gonna do it. Um. 200 00:10:01,720 --> 00:10:03,480 Speaker 1: I think that is just you know, for me, I 201 00:10:03,520 --> 00:10:05,199 Speaker 1: really tell people, because I've been asked a hundred and 202 00:10:05,240 --> 00:10:07,360 Speaker 1: one times, I always tell people, look at all your options, 203 00:10:07,440 --> 00:10:09,480 Speaker 1: you know what I mean, look at all your options 204 00:10:09,480 --> 00:10:12,960 Speaker 1: and then go with the best one from there. So 205 00:10:13,000 --> 00:10:15,360 Speaker 1: what is the steps like for those who are interested 206 00:10:15,360 --> 00:10:18,679 Speaker 1: in like filing? Yeah, you can do it either way, 207 00:10:18,720 --> 00:10:20,240 Speaker 1: So you can go buy a lawyer or you can 208 00:10:20,240 --> 00:10:22,120 Speaker 1: go post a post a meaning that you're doing it 209 00:10:22,160 --> 00:10:24,720 Speaker 1: for yourself. I was able to do it for myself. 210 00:10:24,760 --> 00:10:26,880 Speaker 1: I mean I'm not the smartest person on earth, but 211 00:10:27,360 --> 00:10:30,480 Speaker 1: I mean the steps were pretty um easy, like I 212 00:10:30,520 --> 00:10:33,520 Speaker 1: mean independent, right. So, like with everything else in life, 213 00:10:33,559 --> 00:10:35,280 Speaker 1: I always tell you where you don't got the time 214 00:10:35,320 --> 00:10:39,200 Speaker 1: you spend the money, right, So it's like putting it 215 00:10:39,320 --> 00:10:42,760 Speaker 1: time to learn and if you ain't got the money. 216 00:10:42,960 --> 00:10:44,599 Speaker 1: So if you're not looking at and that's just the 217 00:10:44,720 --> 00:10:46,679 Speaker 1: entrepreneur in this, we know that, you know what I mean. 218 00:10:46,760 --> 00:10:49,440 Speaker 1: So it's like, if you don't feel like learning something, 219 00:10:49,800 --> 00:10:51,880 Speaker 1: you're gonna pay somebody to do it for you, or 220 00:10:51,960 --> 00:10:53,560 Speaker 1: if you want to sit there and learning and read 221 00:10:53,640 --> 00:10:55,680 Speaker 1: or do it all for yourself. But for me, I 222 00:10:55,800 --> 00:10:58,600 Speaker 1: personally just wasn't about to pay somebody to do it 223 00:10:58,640 --> 00:11:00,280 Speaker 1: for me because I realized that I can or on 224 00:11:00,320 --> 00:11:02,200 Speaker 1: my own, you know. And I'm you know, I'm just 225 00:11:02,200 --> 00:11:04,160 Speaker 1: one of those people that I don't mind just doing 226 00:11:04,200 --> 00:11:06,240 Speaker 1: a couple of paperwork handle in the business and doing 227 00:11:06,280 --> 00:11:08,320 Speaker 1: it didn't take no more than maybe three hours a 228 00:11:08,360 --> 00:11:11,040 Speaker 1: week out of my life. So it's stressful, you know 229 00:11:11,040 --> 00:11:13,680 Speaker 1: what I mean. It was a lot to keep up with, 230 00:11:13,880 --> 00:11:16,600 Speaker 1: but it wasn't anything that I would consider as stressful. 231 00:11:16,720 --> 00:11:19,520 Speaker 1: So yeah, I mean, I thought on my own. I 232 00:11:19,559 --> 00:11:21,720 Speaker 1: have a friend, like a close friend of mine who actually, 233 00:11:21,720 --> 00:11:23,960 Speaker 1: like you know, they were one of the inspirations as 234 00:11:23,960 --> 00:11:25,400 Speaker 1: to why I wanted to do it because I saw 235 00:11:25,440 --> 00:11:27,600 Speaker 1: how well it worked out for them, and they actually 236 00:11:27,600 --> 00:11:30,080 Speaker 1: went through a lawyer in their process was pretty much 237 00:11:30,400 --> 00:11:32,559 Speaker 1: the same as mine. I would just say that they 238 00:11:32,559 --> 00:11:37,439 Speaker 1: were just less involved than I was. Yeah, you know, 239 00:11:37,520 --> 00:11:39,520 Speaker 1: I think that that's a good point that you bother up, 240 00:11:39,600 --> 00:11:42,120 Speaker 1: like even though we already touched time. But it's just 241 00:11:42,200 --> 00:11:45,880 Speaker 1: really sad because it's like, this is why generational curses 242 00:11:45,960 --> 00:11:49,560 Speaker 1: is always being passed down because that particular generation wasn't 243 00:11:49,559 --> 00:11:53,400 Speaker 1: talked about. And it's just like yo, like you've been 244 00:11:53,440 --> 00:11:55,160 Speaker 1: looking at people and you just be like or like 245 00:11:55,160 --> 00:11:57,320 Speaker 1: certain people I was looking like, damn like they have money, 246 00:11:57,320 --> 00:11:59,440 Speaker 1: just names like they didn't have money. They just talk 247 00:11:59,720 --> 00:12:02,240 Speaker 1: how to use their credit and how they use their 248 00:12:02,280 --> 00:12:05,400 Speaker 1: money to burn themselves along the way. And even sometimes 249 00:12:05,440 --> 00:12:07,720 Speaker 1: I catch myself like you know, like you like, I 250 00:12:07,720 --> 00:12:09,640 Speaker 1: feel like a lot of reasons why I'm in certain 251 00:12:09,679 --> 00:12:12,880 Speaker 1: situations now it's because I literally just my back list 252 00:12:12,880 --> 00:12:14,440 Speaker 1: against the wall and I had to do what I 253 00:12:14,440 --> 00:12:16,600 Speaker 1: had to do to get out that situation at that 254 00:12:16,640 --> 00:12:18,960 Speaker 1: particular time, which I know I'm paying for it. Yeah, 255 00:12:19,559 --> 00:12:22,040 Speaker 1: but it's just like why, why why you feel like 256 00:12:22,080 --> 00:12:24,240 Speaker 1: people just like you think the information was out there 257 00:12:24,240 --> 00:12:26,440 Speaker 1: for us, yeah, or I think that's that. And I 258 00:12:26,480 --> 00:12:29,720 Speaker 1: also think that it's partially like you know that financial discipline, 259 00:12:29,800 --> 00:12:32,240 Speaker 1: so a lot of us, you know, we make that mistake. 260 00:12:32,320 --> 00:12:34,160 Speaker 1: But just I mean, and I can speak for myself, 261 00:12:34,160 --> 00:12:36,640 Speaker 1: but admittedly I went back and made the same damn mistakes, 262 00:12:36,679 --> 00:12:38,800 Speaker 1: you know what I mean. So it's like I feel, wow, 263 00:12:38,920 --> 00:12:41,080 Speaker 1: you have to tell yourself it's enough after a while, 264 00:12:41,160 --> 00:12:43,160 Speaker 1: you have to kind of what would you consider some 265 00:12:43,160 --> 00:12:45,520 Speaker 1: of your mistakes some of my mistakes? What? And that 266 00:12:45,640 --> 00:12:47,840 Speaker 1: was another thing that I was gonna say, right, was 267 00:12:48,280 --> 00:12:50,320 Speaker 1: so I was taught a lot of things. And I 268 00:12:50,360 --> 00:12:52,640 Speaker 1: love my mom to death, but my mom taught me 269 00:12:52,679 --> 00:12:54,600 Speaker 1: how to like rab Peter pay poll, you know what 270 00:12:54,600 --> 00:12:57,360 Speaker 1: I mean. My mom taught me to get to call 271 00:12:57,440 --> 00:12:59,120 Speaker 1: and then you get a dollar and take off a dollar, 272 00:12:59,160 --> 00:13:03,000 Speaker 1: but you can full up your whole damn take. So yeah, no, 273 00:13:03,000 --> 00:13:07,120 Speaker 1: wonder y'all don't do that because honestly, that's not benefiting you. 274 00:13:07,160 --> 00:13:08,319 Speaker 1: But those are the type that was the type of 275 00:13:08,360 --> 00:13:10,520 Speaker 1: things that I would do, and those are the things 276 00:13:10,559 --> 00:13:12,120 Speaker 1: that I was taught, you know what I mean. So 277 00:13:12,480 --> 00:13:14,360 Speaker 1: or even like you know, like I said, my mistake 278 00:13:14,400 --> 00:13:16,800 Speaker 1: taking out to more student loans than what I needed 279 00:13:16,920 --> 00:13:21,320 Speaker 1: and basically not um basically not being able to really 280 00:13:21,320 --> 00:13:23,360 Speaker 1: flip that right and putting that money into something else 281 00:13:23,400 --> 00:13:26,240 Speaker 1: that can maybe make you more money. Um, what else 282 00:13:26,240 --> 00:13:27,880 Speaker 1: did I make that was like, oh for me, like 283 00:13:27,920 --> 00:13:30,000 Speaker 1: the whole apartment thing that really like basically brought me 284 00:13:30,040 --> 00:13:31,800 Speaker 1: to the stage of bankruptcy because I could have like 285 00:13:31,880 --> 00:13:34,120 Speaker 1: I didn't have crazy credit card debt and damn sure 286 00:13:34,160 --> 00:13:36,680 Speaker 1: wasn't nothing up work of like ten dollars, so I 287 00:13:36,679 --> 00:13:38,880 Speaker 1: could have paid off the credit cards itself. But it 288 00:13:39,000 --> 00:13:42,000 Speaker 1: was really that one of me going back and forth 289 00:13:42,000 --> 00:13:44,160 Speaker 1: with that old department, and I think that that just 290 00:13:44,200 --> 00:13:46,040 Speaker 1: came from negligence, you know what I mean. Like a 291 00:13:46,080 --> 00:13:48,360 Speaker 1: lot of unfortunately a lot of brown people, we don't 292 00:13:48,400 --> 00:13:49,920 Speaker 1: like to deal with courts. We don't like to deal 293 00:13:49,960 --> 00:13:52,080 Speaker 1: with paperwork, wn like to deal with systems. We don't 294 00:13:52,080 --> 00:13:53,839 Speaker 1: like to deal with nothing, and not for nothing. These 295 00:13:53,840 --> 00:13:56,080 Speaker 1: white people will weigh you down. They all pus system 296 00:13:56,160 --> 00:13:59,040 Speaker 1: as fun. They don't give up, they don't get tired, 297 00:13:59,480 --> 00:14:01,240 Speaker 1: and for us we get time. We'd be like, you 298 00:14:01,280 --> 00:14:03,360 Speaker 1: know what, I don't got time. You know, we get 299 00:14:03,440 --> 00:14:07,240 Speaker 1: tired because we got so much. Also, like you know me, 300 00:14:07,280 --> 00:14:09,360 Speaker 1: I'm big into the theory of evolutions, like things like 301 00:14:09,400 --> 00:14:11,560 Speaker 1: our brain, our mindset got just more. And I'm like 302 00:14:11,559 --> 00:14:13,480 Speaker 1: I ain't got time for that girl sittre you know 303 00:14:13,480 --> 00:14:15,840 Speaker 1: what I mean. Like, but that's something They're more persistent 304 00:14:15,880 --> 00:14:18,400 Speaker 1: and more passionate about certain things, I guess, so they 305 00:14:18,440 --> 00:14:20,360 Speaker 1: just you know, they didn't get tired, and I was 306 00:14:20,400 --> 00:14:22,320 Speaker 1: just like, you know what, I am tired. A lot 307 00:14:22,400 --> 00:14:25,280 Speaker 1: of it just became negligence. UM. So the number one 308 00:14:25,360 --> 00:14:27,440 Speaker 1: thing that I would say is and don't neglect, like 309 00:14:27,800 --> 00:14:31,320 Speaker 1: always reach out, always call, always tell them like, oh 310 00:14:31,320 --> 00:14:34,479 Speaker 1: I'm gonna do this something like always as to communication, 311 00:14:35,200 --> 00:14:39,000 Speaker 1: always ready defensive communication with them. Because even a few 312 00:14:39,000 --> 00:14:41,560 Speaker 1: of the credit cards, after I realized a few of 313 00:14:41,560 --> 00:14:45,520 Speaker 1: the credit cards even allowed me to um like had 314 00:14:45,600 --> 00:14:47,400 Speaker 1: like it was one point during that period where I 315 00:14:47,480 --> 00:14:50,920 Speaker 1: lost my job and when I was laid off, it 316 00:14:51,000 --> 00:14:53,440 Speaker 1: was an opportunity for me to like apply with the 317 00:14:53,440 --> 00:14:54,960 Speaker 1: credit cards and tell them that I was laid off 318 00:14:54,960 --> 00:14:57,200 Speaker 1: and they wouldn't make me pay anything for like three months. 319 00:14:57,360 --> 00:14:59,360 Speaker 1: And how did I like to utilize that? I knew 320 00:14:59,400 --> 00:15:01,960 Speaker 1: it in way, shape or form. I just wasn't utilizing 321 00:15:02,000 --> 00:15:05,880 Speaker 1: all my resources. So for one, utilizing all your resources 322 00:15:05,920 --> 00:15:09,080 Speaker 1: and really to like not being negligent, like making sure 323 00:15:09,120 --> 00:15:11,160 Speaker 1: that you are staying on top of things and not 324 00:15:11,280 --> 00:15:13,440 Speaker 1: just letting it kind of go by the wayside, because 325 00:15:13,600 --> 00:15:17,040 Speaker 1: that's just not gonna do anything for nobody. And I 326 00:15:17,080 --> 00:15:20,440 Speaker 1: also think that because since money and talking about finances 327 00:15:20,600 --> 00:15:24,000 Speaker 1: it's such a personal like it's a conversation that we 328 00:15:24,040 --> 00:15:27,400 Speaker 1: need to have more. I also think that by talking 329 00:15:27,400 --> 00:15:29,960 Speaker 1: to other people that are in similar situations or that 330 00:15:30,120 --> 00:15:34,360 Speaker 1: know somebody similar situations can help definitely, because it's because 331 00:15:34,360 --> 00:15:36,760 Speaker 1: it's like maybe it's I mean, everybody's not gonna always 332 00:15:36,760 --> 00:15:40,200 Speaker 1: recount for you, but for those who will baby like listeno, 333 00:15:43,120 --> 00:15:45,440 Speaker 1: they book be like he was really the one that 334 00:15:45,520 --> 00:15:47,280 Speaker 1: kind of like told me like, yo, you know, you're 335 00:15:47,280 --> 00:15:48,680 Speaker 1: like this is how we do it, this is that, 336 00:15:48,720 --> 00:15:50,600 Speaker 1: and like he was sharing with me his journey and 337 00:15:50,600 --> 00:15:53,680 Speaker 1: how much his numbers were increasing while I was going 338 00:15:53,680 --> 00:15:56,720 Speaker 1: through it, and that kind of like for me, so 339 00:15:56,760 --> 00:15:58,280 Speaker 1: it was like easy for me to be able to 340 00:15:58,280 --> 00:16:00,320 Speaker 1: call him like, hey, you know, did you to do this? 341 00:16:00,400 --> 00:16:02,280 Speaker 1: Did you do that? You know, like how did that work? 342 00:16:02,480 --> 00:16:04,560 Speaker 1: And that really helped me out. And then also I 343 00:16:04,600 --> 00:16:06,720 Speaker 1: think that a lot of us were so proud and 344 00:16:06,760 --> 00:16:08,960 Speaker 1: we're so used to not telling people our business and 345 00:16:08,960 --> 00:16:11,480 Speaker 1: this one don't need to know how much we make etcetera, etcetera. 346 00:16:11,800 --> 00:16:14,160 Speaker 1: But he was real like, these are the type of 347 00:16:14,160 --> 00:16:15,880 Speaker 1: people you need to get next to your accountant, so 348 00:16:15,920 --> 00:16:17,760 Speaker 1: that ship could be damn near free for you. Like 349 00:16:17,800 --> 00:16:19,800 Speaker 1: that's what I'm looking for. I'm gonna give with somebody 350 00:16:19,800 --> 00:16:22,560 Speaker 1: that's gonna tell you. You know what's so funny, there's loopholes. 351 00:16:22,560 --> 00:16:24,440 Speaker 1: What do you think that they're discussing at the denter table. 352 00:16:24,720 --> 00:16:27,400 Speaker 1: They're talking about it. They're definitely talking about it. So 353 00:16:27,440 --> 00:16:29,400 Speaker 1: when they had that Denter table talking about it, you know, 354 00:16:29,520 --> 00:16:31,000 Speaker 1: you want to have your dinner table to be the 355 00:16:31,040 --> 00:16:33,080 Speaker 1: same way. You want to learn about the different loopholes 356 00:16:33,320 --> 00:16:35,400 Speaker 1: and the taxes and all of that stuff. And that's 357 00:16:35,400 --> 00:16:38,160 Speaker 1: why I'm always just open to like, Yo, my classes, 358 00:16:38,440 --> 00:16:40,520 Speaker 1: I teach college, and it's so amazing how much I 359 00:16:40,640 --> 00:16:43,160 Speaker 1: go off from not on the curriculum, you know what 360 00:16:43,200 --> 00:16:45,560 Speaker 1: I mean being amazed because and in the day, your 361 00:16:45,640 --> 00:16:47,120 Speaker 1: day to day on what you really need to know. 362 00:16:47,640 --> 00:16:49,760 Speaker 1: It's it's not what's in a textbook, and it's not 363 00:16:49,840 --> 00:16:52,440 Speaker 1: really probably what your parents taught you. It's really like, 364 00:16:52,520 --> 00:16:54,560 Speaker 1: how can I use what I have and utilize my 365 00:16:54,640 --> 00:16:56,760 Speaker 1: resources to take myself to the next level and to 366 00:16:56,800 --> 00:16:59,040 Speaker 1: the next level and take the next level. And that's 367 00:16:59,040 --> 00:17:02,080 Speaker 1: really what it's And I also feel like if you 368 00:17:02,120 --> 00:17:06,679 Speaker 1: can't have a genuine conversation about to someone about certain 369 00:17:06,720 --> 00:17:09,040 Speaker 1: situations that are like very like that's weighing on you, 370 00:17:09,280 --> 00:17:12,440 Speaker 1: you only have the person worn because I just feel 371 00:17:12,520 --> 00:17:14,960 Speaker 1: like that's a friend. Like when I found out about 372 00:17:14,960 --> 00:17:16,960 Speaker 1: the situation, I was just so intrigued because I'm like, 373 00:17:17,040 --> 00:17:20,040 Speaker 1: dangn like, well, this might be an option for me 374 00:17:20,359 --> 00:17:21,920 Speaker 1: because at the end and the day, we're all trying 375 00:17:21,960 --> 00:17:24,240 Speaker 1: to figure things out and everybody is a paycheck away 376 00:17:24,240 --> 00:17:27,320 Speaker 1: from being homesome. If you really, if you really just 377 00:17:27,359 --> 00:17:29,000 Speaker 1: want to keep it real. And I think that a 378 00:17:29,000 --> 00:17:31,280 Speaker 1: lot of people are not having these on this conversations because, 379 00:17:31,280 --> 00:17:33,359 Speaker 1: like you said, they are prideful. Yeah. I mean you 380 00:17:33,440 --> 00:17:36,680 Speaker 1: got Twitter and all of that talking about yeah, because 381 00:17:36,680 --> 00:17:38,600 Speaker 1: you want to show your best life. And you know 382 00:17:38,680 --> 00:17:42,840 Speaker 1: what's so funny why and it's not about you're bad, Like, 383 00:17:42,880 --> 00:17:45,240 Speaker 1: it's not about how rich you are, how much you got, 384 00:17:45,280 --> 00:17:46,760 Speaker 1: you know what I mean? Like because even it was 385 00:17:46,840 --> 00:17:51,160 Speaker 1: one point where, um, you know, I went to bankruptcy. 386 00:17:51,200 --> 00:17:53,639 Speaker 1: I was in bankruptcy and I had took a trip 387 00:17:53,800 --> 00:17:55,639 Speaker 1: and what do you mean by you was in bankround. 388 00:17:55,680 --> 00:17:57,399 Speaker 1: I was going through my bankruptcy. So when you're in 389 00:17:57,440 --> 00:18:00,800 Speaker 1: bankruptcy that things like you can still be fine old. Um, 390 00:18:00,840 --> 00:18:02,800 Speaker 1: you filed the bankruptcy, it just takes maybe two or 391 00:18:02,880 --> 00:18:05,639 Speaker 1: three months for you to actually discharge discharge, meaning that 392 00:18:05,680 --> 00:18:08,080 Speaker 1: you're really of all of your debts. So for me, 393 00:18:08,160 --> 00:18:10,600 Speaker 1: I filed chapter seven because like that I don't I 394 00:18:10,640 --> 00:18:13,480 Speaker 1: don't own any like assets or anything. So I found 395 00:18:13,480 --> 00:18:16,120 Speaker 1: regular chapter seven, which basically just relieved me of all 396 00:18:16,119 --> 00:18:21,760 Speaker 1: my debts except for taxes and student loans. Okay, perfect. 397 00:18:22,000 --> 00:18:24,240 Speaker 1: And so when you do that, So in the period 398 00:18:24,240 --> 00:18:25,840 Speaker 1: of why I did that, I had like went on 399 00:18:25,880 --> 00:18:28,120 Speaker 1: a on a trip, and you know, like people are like, oh, 400 00:18:28,160 --> 00:18:29,919 Speaker 1: you get money, you're doing this, you're doing that, and 401 00:18:29,960 --> 00:18:32,920 Speaker 1: I'm like, little dude, you know, like my international trip 402 00:18:32,960 --> 00:18:34,359 Speaker 1: and I went to Paris at the time. But my 403 00:18:34,400 --> 00:18:37,879 Speaker 1: international trip literally cost me like nothing, you know what 404 00:18:37,880 --> 00:18:39,919 Speaker 1: I mean, like and not as much as what like 405 00:18:40,040 --> 00:18:41,760 Speaker 1: it coused me the same amount that it coursed you 406 00:18:41,800 --> 00:18:43,600 Speaker 1: to go to Miami when you out there stuffing and 407 00:18:43,640 --> 00:18:45,639 Speaker 1: doing all these things like and it was like it 408 00:18:45,680 --> 00:18:47,720 Speaker 1: was a great cultural trip. I learned a lot and 409 00:18:47,760 --> 00:18:48,879 Speaker 1: at the end of the day. It didn't mean that 410 00:18:48,920 --> 00:18:51,000 Speaker 1: I was just because I found bankruptcy. I didn't say 411 00:18:51,000 --> 00:18:52,920 Speaker 1: I was broke. I didn't tell you I was broke, 412 00:18:53,040 --> 00:18:55,359 Speaker 1: you know what I mean? Like that basically that it 413 00:18:55,400 --> 00:18:57,840 Speaker 1: was harder for me to file bankruptcys and to actually 414 00:18:57,920 --> 00:18:59,719 Speaker 1: pay for my debts, you know what I mean? Why 415 00:18:59,760 --> 00:19:02,120 Speaker 1: would I want to pay for an old phone bill 416 00:19:02,200 --> 00:19:05,840 Speaker 1: that's up there three thousand dollars that's someone done charge 417 00:19:05,920 --> 00:19:08,879 Speaker 1: me for a phone that I probably never even used, 418 00:19:08,920 --> 00:19:11,520 Speaker 1: and for some service that they say you canceled early 419 00:19:11,560 --> 00:19:13,520 Speaker 1: and they charge you tend to, Like, why would I 420 00:19:13,520 --> 00:19:15,560 Speaker 1: even want to pay that back? Like let's really like 421 00:19:15,600 --> 00:19:18,119 Speaker 1: think about the grand scheme of things, and there's Verizon 422 00:19:18,240 --> 00:19:19,960 Speaker 1: or seem Open or whoever it is that you owe. 423 00:19:20,119 --> 00:19:22,600 Speaker 1: Are they really missing that money? No, they're not. Nine 424 00:19:22,600 --> 00:19:24,040 Speaker 1: times of the tend They don't wrote it off on 425 00:19:24,080 --> 00:19:27,520 Speaker 1: their taxes already, so they're not missing it, you know 426 00:19:27,520 --> 00:19:29,040 Speaker 1: what I mean? And I think that when we empower 427 00:19:29,080 --> 00:19:31,400 Speaker 1: ourselves to really know some of these things is when 428 00:19:31,400 --> 00:19:33,960 Speaker 1: we can really look at it and make smarter decisions 429 00:19:34,000 --> 00:19:36,000 Speaker 1: and say, you know, like, yo, this is something that 430 00:19:36,040 --> 00:19:37,520 Speaker 1: I know I need to take my time and pay 431 00:19:37,720 --> 00:19:39,480 Speaker 1: and maybe this is something that I need to negotiate 432 00:19:39,520 --> 00:19:42,040 Speaker 1: on or not pay or you know, find another way 433 00:19:42,080 --> 00:19:45,119 Speaker 1: for me to like even some people some people. And 434 00:19:45,160 --> 00:19:47,040 Speaker 1: one of the things that I learned, something that I 435 00:19:47,119 --> 00:19:49,960 Speaker 1: learned through the bankruptcy is like taking on more debt, 436 00:19:50,080 --> 00:19:52,640 Speaker 1: taking on cheaper debt to pay off your current debt. 437 00:19:53,119 --> 00:19:56,600 Speaker 1: So like if I have if I or if I 438 00:19:56,640 --> 00:19:58,440 Speaker 1: have credit card bills that I need to pay, and 439 00:19:58,480 --> 00:20:00,359 Speaker 1: all of my credit card bills the ap cars are 440 00:20:00,400 --> 00:20:03,800 Speaker 1: like upwards, I can just simply go for a personal 441 00:20:03,840 --> 00:20:07,480 Speaker 1: loan and the personal loan is probably four percent five percent, right, 442 00:20:07,640 --> 00:20:09,320 Speaker 1: and get the personal loan to pay off all of 443 00:20:09,359 --> 00:20:11,720 Speaker 1: those credit cards. And that way I'm only paying one 444 00:20:11,760 --> 00:20:14,879 Speaker 1: source with one with a way lower interest rate. Why 445 00:20:14,920 --> 00:20:17,159 Speaker 1: would you want to come? And and and people even do 446 00:20:17,240 --> 00:20:19,680 Speaker 1: that with credit card balance transfers, put all of your 447 00:20:19,680 --> 00:20:22,640 Speaker 1: balances onto your lowest credit card account, whatever one has 448 00:20:22,680 --> 00:20:25,080 Speaker 1: the lowest balance, I mean not the lowest balance, the 449 00:20:25,080 --> 00:20:28,240 Speaker 1: lowest APR. You need to transfer your balances to that 450 00:20:28,640 --> 00:20:31,680 Speaker 1: account so that you're only paying the lowest APR. Why 451 00:20:31,680 --> 00:20:35,320 Speaker 1: would you want to? I mean so many of us 452 00:20:35,400 --> 00:20:38,080 Speaker 1: just don't realize that, Like since I filed bankruptcy. I've 453 00:20:38,160 --> 00:20:40,200 Speaker 1: learned so much and I've just started putting so many 454 00:20:40,200 --> 00:20:43,879 Speaker 1: different money practices into my routine, like another thing that 455 00:20:43,960 --> 00:20:47,040 Speaker 1: somebody taught me. So, you know, we're all in the 456 00:20:47,119 --> 00:20:50,000 Speaker 1: rat race for like versus rent versus our paycheck. Right. 457 00:20:50,000 --> 00:20:51,520 Speaker 1: So let's say if you get a paycheck and your 458 00:20:51,520 --> 00:20:53,800 Speaker 1: paycheck don't come to like the sixth or the seventh 459 00:20:54,119 --> 00:20:55,600 Speaker 1: or whatever the case is, and you gotta pay rent 460 00:20:55,640 --> 00:20:57,880 Speaker 1: on the first, right, like, you feel like you're always 461 00:20:57,920 --> 00:20:59,879 Speaker 1: like making sure that you have enough money to be 462 00:20:59,920 --> 00:21:02,840 Speaker 1: a wa pay by the time that that date comes. Right. Well, 463 00:21:03,080 --> 00:21:08,240 Speaker 1: so people do people who have great credit and good income, um, 464 00:21:08,320 --> 00:21:09,720 Speaker 1: And they don't even have to be rich. I'm not 465 00:21:09,800 --> 00:21:11,719 Speaker 1: even talking about rich. I'm just talking about people with 466 00:21:11,760 --> 00:21:15,280 Speaker 1: okay credit and steady income. Um. They take out a loan. 467 00:21:16,240 --> 00:21:19,160 Speaker 1: Let's say it's like, so you're your your your rent 468 00:21:19,240 --> 00:21:21,320 Speaker 1: for the year maybe twenty five tho dollars if you 469 00:21:21,320 --> 00:21:23,399 Speaker 1: live in New York City. Right, So you live in 470 00:21:23,400 --> 00:21:25,160 Speaker 1: New York City, you're rent for the years twenty five 471 00:21:25,119 --> 00:21:27,360 Speaker 1: thousand dollars. They'll take out a loan for twenty five 472 00:21:27,720 --> 00:21:31,240 Speaker 1: dollars pay their and that way they're only paying the loan, 473 00:21:31,560 --> 00:21:34,080 Speaker 1: you don't have to worry about a landlord over your 474 00:21:34,160 --> 00:21:36,080 Speaker 1: head or you don't have to wear but and mind 475 00:21:36,119 --> 00:21:38,320 Speaker 1: you that loan doesn't even have to be for a year. 476 00:21:38,400 --> 00:21:40,400 Speaker 1: That loan could maybe be for two years, and you're 477 00:21:40,400 --> 00:21:41,960 Speaker 1: paying a little bit less, you know what I mean, 478 00:21:42,000 --> 00:21:45,080 Speaker 1: Like you can study your finances once you and for me, 479 00:21:45,480 --> 00:21:49,320 Speaker 1: the biggest empowerment is knowing your access to capital. Once 480 00:21:49,359 --> 00:21:51,480 Speaker 1: you know you have a certain access to capital, you 481 00:21:51,480 --> 00:21:52,879 Speaker 1: can go anywhere from there, you know what I mean. 482 00:21:52,920 --> 00:21:55,120 Speaker 1: You can manipulate the game however, as much as you want, 483 00:21:55,160 --> 00:21:57,679 Speaker 1: you know what I mean. But it's about knowing what 484 00:21:57,760 --> 00:21:59,800 Speaker 1: type of credit you have and what type of access 485 00:21:59,840 --> 00:22:02,160 Speaker 1: to capitals do you have? Can I take our personal loans? 486 00:22:02,160 --> 00:22:04,439 Speaker 1: Do I have access to credit cards? You know? And 487 00:22:04,480 --> 00:22:07,959 Speaker 1: what can I do with them? So how do you 488 00:22:08,000 --> 00:22:10,160 Speaker 1: feel about because I know we touched on this before, 489 00:22:10,200 --> 00:22:12,359 Speaker 1: and me and you talked about this a lot of 490 00:22:12,400 --> 00:22:17,000 Speaker 1: times about these credit rey payer companies and like, yeah, 491 00:22:17,440 --> 00:22:19,360 Speaker 1: paying them to help you out, Like do you think 492 00:22:20,200 --> 00:22:22,480 Speaker 1: do you think it's sometimes always work? Yeah? I think 493 00:22:22,480 --> 00:22:25,280 Speaker 1: it goes like the time versus money thing, right, like 494 00:22:25,400 --> 00:22:28,320 Speaker 1: it's nothing and and it's also like for one read 495 00:22:28,320 --> 00:22:32,560 Speaker 1: your reviews right because not but credit because I feel 496 00:22:32,560 --> 00:22:35,320 Speaker 1: like everybody has a quit. It's definitely one of those 497 00:22:35,359 --> 00:22:37,520 Speaker 1: industries where you know, everybody trying to get in with 498 00:22:37,640 --> 00:22:41,080 Speaker 1: ay thin and you know that's fine. You know that's 499 00:22:41,240 --> 00:22:44,040 Speaker 1: different jokes for different folks. That's that's cool. They won't 500 00:22:44,119 --> 00:22:47,200 Speaker 1: on that. But I do think that if you want 501 00:22:47,240 --> 00:22:49,040 Speaker 1: to do it, so again, it's that time versus money 502 00:22:49,080 --> 00:22:52,280 Speaker 1: if you don't, and and it's about how knowledgeable you are. 503 00:22:52,640 --> 00:22:54,680 Speaker 1: So for me, I feel like I'm in a position 504 00:22:54,680 --> 00:22:57,359 Speaker 1: where I would maybe not now, but maybe on Like 505 00:22:57,400 --> 00:22:59,040 Speaker 1: if I started the process and then it was a 506 00:22:59,080 --> 00:23:00,639 Speaker 1: little bit of loose sense I'm to tie up, I 507 00:23:00,640 --> 00:23:03,200 Speaker 1: would hire someone to do it because I'm a busy person. 508 00:23:03,320 --> 00:23:05,840 Speaker 1: Our own businesses I have, like you know, I'm teaching 509 00:23:05,920 --> 00:23:07,440 Speaker 1: ring the day, like I have a lot going on. 510 00:23:08,040 --> 00:23:10,760 Speaker 1: And no, I don't physically need to be you know, 511 00:23:11,040 --> 00:23:13,439 Speaker 1: printing out papers and mailing this and doing that and 512 00:23:13,440 --> 00:23:16,760 Speaker 1: doing that. But I'm knowledgeable about enough about the field 513 00:23:16,960 --> 00:23:19,119 Speaker 1: that I can tell if somebody else was making a mistake, 514 00:23:19,320 --> 00:23:21,640 Speaker 1: you know what I mean. So for me, I think 515 00:23:21,680 --> 00:23:24,760 Speaker 1: that because if you are gonna pay somebody, you know 516 00:23:24,880 --> 00:23:27,639 Speaker 1: that you are well versed to do that, you know, 517 00:23:27,800 --> 00:23:30,960 Speaker 1: the process that you understand, you know what I mean, like, 518 00:23:30,960 --> 00:23:33,120 Speaker 1: like what is this? Like? What are your rights as 519 00:23:33,119 --> 00:23:35,439 Speaker 1: a consumer? The first thing that you definitely need to 520 00:23:35,480 --> 00:23:38,119 Speaker 1: always know is that, like really know when you're right 521 00:23:38,160 --> 00:23:40,159 Speaker 1: as a consumer. And that's really what's gonna help you 522 00:23:40,400 --> 00:23:43,800 Speaker 1: navigating the process way better than any credit repair company, 523 00:23:43,880 --> 00:23:46,280 Speaker 1: because really all the credit repair company is doing is 524 00:23:46,320 --> 00:23:50,280 Speaker 1: automating a lot of these processes. You know, it is 525 00:23:50,400 --> 00:23:52,119 Speaker 1: the same lazy ship that you don't feel like do 526 00:23:52,160 --> 00:23:56,040 Speaker 1: when they're automating it. So what process are you in now? 527 00:23:56,480 --> 00:23:59,520 Speaker 1: Like is it are you finishing? Finished with things? See? 528 00:24:00,080 --> 00:24:05,080 Speaker 1: Um I am I'm done? Um I am currently in 529 00:24:05,160 --> 00:24:07,720 Speaker 1: my sort of rebuilding process. I mean, like so much 530 00:24:07,800 --> 00:24:10,479 Speaker 1: has been looking up for me, Like I you know 531 00:24:10,560 --> 00:24:15,120 Speaker 1: I said it now, Um, I'm actually just And does 532 00:24:15,119 --> 00:24:19,560 Speaker 1: your credit get wipe away? No? Not really right, Like 533 00:24:19,840 --> 00:24:21,800 Speaker 1: that's a not good question. It doesn't get wiped away. 534 00:24:21,880 --> 00:24:24,280 Speaker 1: Some of the accounts on there gets wiped away, but 535 00:24:24,359 --> 00:24:27,880 Speaker 1: not all of them would get completely wiped away, right right, 536 00:24:29,920 --> 00:24:32,760 Speaker 1: Taxes would still be on there. Um, you know things 537 00:24:32,760 --> 00:24:35,399 Speaker 1: like that. I actually just negotiated like paying my student 538 00:24:35,440 --> 00:24:37,360 Speaker 1: loans to get at the lowest rate like I've ever 539 00:24:37,400 --> 00:24:39,760 Speaker 1: seen it to be for me in my life, right like, 540 00:24:40,000 --> 00:24:41,679 Speaker 1: And it's weird because i make the most that I've 541 00:24:41,680 --> 00:24:43,320 Speaker 1: probably ever made in my life and now I'm paying 542 00:24:43,320 --> 00:24:45,560 Speaker 1: the less the least for student loans. But I'm going 543 00:24:45,600 --> 00:24:49,080 Speaker 1: to ride that all for the next year. Um So 544 00:24:49,240 --> 00:24:51,520 Speaker 1: doing that and you know, I have access, I have 545 00:24:51,520 --> 00:24:54,040 Speaker 1: a few credit cards. So for me, my journey is 546 00:24:54,080 --> 00:24:56,359 Speaker 1: I'm in the stage of where I'm rebuilding. My credit 547 00:24:56,400 --> 00:24:59,560 Speaker 1: score is definitely, you know, in the six hundreds, and 548 00:25:00,000 --> 00:25:02,320 Speaker 1: this is the highest ever been for me. I've always 549 00:25:02,320 --> 00:25:06,840 Speaker 1: been just like six seventies six, I mean seven, five eight, five, 550 00:25:06,960 --> 00:25:09,600 Speaker 1: five seventy, you know, five seventy five. So now that 551 00:25:09,640 --> 00:25:12,200 Speaker 1: I'm getting in like six thirties and stuff like, I'm 552 00:25:12,200 --> 00:25:14,280 Speaker 1: excited and I want to continue to build on that. 553 00:25:14,800 --> 00:25:17,479 Speaker 1: Um for me, I'm just doing two things. I'm one 554 00:25:17,520 --> 00:25:20,359 Speaker 1: in the process of removing all of those accounts that 555 00:25:20,440 --> 00:25:23,879 Speaker 1: say is in bankruptcy. And for two, in about a 556 00:25:23,920 --> 00:25:26,679 Speaker 1: few months, I'm actually gonna try to fight the bankruptcy 557 00:25:26,720 --> 00:25:28,720 Speaker 1: and get it removed from my credit as if it 558 00:25:28,760 --> 00:25:31,040 Speaker 1: never happened. A lot of people don't know that you can, 559 00:25:31,400 --> 00:25:34,320 Speaker 1: but you can't do that. So but why would you 560 00:25:34,320 --> 00:25:36,639 Speaker 1: want to do that? Because I don't want anybody. I 561 00:25:36,680 --> 00:25:39,240 Speaker 1: wouldn't want my creditors. So at the end of the day, 562 00:25:39,320 --> 00:25:40,639 Speaker 1: if I want to go for a home loan, I 563 00:25:40,640 --> 00:25:42,280 Speaker 1: would have to wait two years to get a f 564 00:25:42,320 --> 00:25:44,080 Speaker 1: a J long. I don't want to wait two years. 565 00:25:44,119 --> 00:25:46,800 Speaker 1: I want to get one next year so I can 566 00:25:46,840 --> 00:25:48,720 Speaker 1: get the bankruptcy removed to where it looks like I 567 00:25:48,720 --> 00:25:50,960 Speaker 1: didn't get it. Then creditors will want to would be 568 00:25:51,000 --> 00:25:52,760 Speaker 1: more opted to want to give me money, you know 569 00:25:52,840 --> 00:25:55,040 Speaker 1: what I mean, especially when it comes to a mortgage. 570 00:25:56,560 --> 00:25:59,480 Speaker 1: Mm hm. You know. That's why we got to have 571 00:25:59,560 --> 00:26:06,120 Speaker 1: these convers stations, man, because there are loops pose. Yeah, 572 00:26:06,160 --> 00:26:11,080 Speaker 1: I know, definitely, like seriously, like Jesus Christ, like you 573 00:26:11,200 --> 00:26:13,720 Speaker 1: can work the system and still have everything work out 574 00:26:13,720 --> 00:26:16,720 Speaker 1: on your favor. Crazy, Yeah, I think that that's just 575 00:26:16,840 --> 00:26:18,879 Speaker 1: something that we all just gotta like, you know, just 576 00:26:18,960 --> 00:26:22,199 Speaker 1: peep and look at and just realize like you're not 577 00:26:22,240 --> 00:26:24,720 Speaker 1: alone in your journey and tons of people go through it. 578 00:26:24,800 --> 00:26:27,240 Speaker 1: It's just figuring out like how are you going to maneuver, 579 00:26:27,840 --> 00:26:29,959 Speaker 1: you know, to get out of your situation and what 580 00:26:29,960 --> 00:26:32,119 Speaker 1: what is the way, Like how can you inform yourself? 581 00:26:32,119 --> 00:26:34,000 Speaker 1: I think that the best thing, the best things I've 582 00:26:34,000 --> 00:26:37,960 Speaker 1: ever done was read financial books. UM. One of them 583 00:26:38,640 --> 00:26:41,560 Speaker 1: financial books, Poor Dad is always my favorite. It's talking 584 00:26:41,560 --> 00:26:44,400 Speaker 1: about mindset. It always changes your mindset on how you think. 585 00:26:47,600 --> 00:26:52,520 Speaker 1: By Robert Kayasaki. Um. I always either either and I 586 00:26:52,600 --> 00:26:55,199 Speaker 1: go back and forth in my recommendations with her students, 587 00:26:55,240 --> 00:26:58,600 Speaker 1: but it's either between like think and grow rich Again 588 00:26:59,359 --> 00:27:03,520 Speaker 1: that um, The Richest Man in Babylon very simple, very 589 00:27:03,600 --> 00:27:06,159 Speaker 1: very simple practices. But I think I read about it 590 00:27:06,200 --> 00:27:10,480 Speaker 1: was about or something. Yes I didn't read it, but 591 00:27:10,520 --> 00:27:14,679 Speaker 1: I heard about financial discipline. So many of us was 592 00:27:14,760 --> 00:27:17,159 Speaker 1: not raised with that financial discipline because we didn't have 593 00:27:17,200 --> 00:27:19,080 Speaker 1: money to learn it, you know what I mean, like 594 00:27:19,080 --> 00:27:21,240 Speaker 1: our parents, we didn't We didn't have garage shales and 595 00:27:21,280 --> 00:27:22,919 Speaker 1: the projects. So how the hell it was that we 596 00:27:22,920 --> 00:27:24,560 Speaker 1: didn't have lemonade stand So how the hell was I 597 00:27:24,600 --> 00:27:26,879 Speaker 1: supposed to learn? You know? Oh? If I selled this 598 00:27:27,000 --> 00:27:31,920 Speaker 1: and learning, I had to buy stuff on impulse because 599 00:27:31,960 --> 00:27:35,439 Speaker 1: it's exactly right. So those are all things that I 600 00:27:35,480 --> 00:27:37,920 Speaker 1: think that The Richest Man in Babylon. It really reminds 601 00:27:37,920 --> 00:27:40,159 Speaker 1: me because I read it every now and then. You know, 602 00:27:40,200 --> 00:27:44,080 Speaker 1: every two years. Yeah, it really reminds me about financial discipline. 603 00:27:44,119 --> 00:27:46,159 Speaker 1: And then my last one, the most recent one that 604 00:27:46,160 --> 00:27:48,400 Speaker 1: I read and I forget the author, but it's called 605 00:27:48,400 --> 00:27:52,240 Speaker 1: The Automatic Millennial. It's so good. He basically just talked 606 00:27:52,240 --> 00:27:55,879 Speaker 1: about that one everything at it, so like you know, 607 00:27:56,080 --> 00:27:58,640 Speaker 1: you're full on one ky, matching it to the fullest 608 00:27:58,760 --> 00:28:02,080 Speaker 1: you know your you know, traditional yra um. He talks 609 00:28:02,080 --> 00:28:04,240 Speaker 1: about like how do you how do you save and 610 00:28:04,280 --> 00:28:06,480 Speaker 1: invest for the future, and like what do you want 611 00:28:06,480 --> 00:28:08,439 Speaker 1: to do? And it was a really good book. I 612 00:28:08,480 --> 00:28:10,359 Speaker 1: put a lot, I changed up a lot of things, 613 00:28:10,359 --> 00:28:12,120 Speaker 1: like up my phone one K. I have to reading 614 00:28:12,119 --> 00:28:14,840 Speaker 1: that book. I did so many new things after reading 615 00:28:14,840 --> 00:28:17,159 Speaker 1: that book. So that was something I definitely like a 616 00:28:17,200 --> 00:28:21,480 Speaker 1: little little fire into my butt. No, you know what's 617 00:28:21,480 --> 00:28:23,359 Speaker 1: so funny because I definitely raised my for one K 618 00:28:23,480 --> 00:28:26,000 Speaker 1: because I'm like, for those who don't know, like I'm 619 00:28:26,040 --> 00:28:29,399 Speaker 1: really trying to quit my job. So in order for 620 00:28:29,440 --> 00:28:31,720 Speaker 1: me to quit my job, I have And it's so 621 00:28:31,720 --> 00:28:36,199 Speaker 1: funny because like clip vision perfect like site, so like 622 00:28:36,760 --> 00:28:38,720 Speaker 1: it's no better time. I know what my end date is. 623 00:28:38,760 --> 00:28:40,200 Speaker 1: I'm not gonna say, because you want to put things 624 00:28:40,200 --> 00:28:44,400 Speaker 1: out of the universe. But um, I literally broke down 625 00:28:44,800 --> 00:28:48,400 Speaker 1: how much I need to say per month because I'm 626 00:28:48,480 --> 00:28:50,200 Speaker 1: trying to do I want to say with something the mouts. 627 00:28:50,200 --> 00:28:52,920 Speaker 1: I broke up how much said per day? And it's 628 00:28:53,000 --> 00:28:58,360 Speaker 1: like it's game time, Like you really have to be disciplined, 629 00:28:58,480 --> 00:29:00,360 Speaker 1: Like and I'm not saying, you have to start yourself 630 00:29:00,440 --> 00:29:02,480 Speaker 1: like a little things from here in your life. You 631 00:29:02,520 --> 00:29:04,080 Speaker 1: know what things that's gonna make you happy because at 632 00:29:04,080 --> 00:29:05,480 Speaker 1: the end of the day, you've got to make yourself 633 00:29:05,480 --> 00:29:08,560 Speaker 1: happy because you're working hard to make yourself happy a 634 00:29:08,600 --> 00:29:15,480 Speaker 1: long but but all that like unnecessary shopping, going out, drinking, enow, 635 00:29:16,320 --> 00:29:19,000 Speaker 1: getting your nails done. Thisstand that like you're gonna have 636 00:29:19,040 --> 00:29:21,200 Speaker 1: to come back somehow, some way if you want to 637 00:29:21,200 --> 00:29:26,200 Speaker 1: lose financial freakout your journey, Like yo, you really don't 638 00:29:26,280 --> 00:29:29,840 Speaker 1: know yourself until like you literally out here as a 639 00:29:29,880 --> 00:29:33,960 Speaker 1: grown as person with no no credit and no bank 640 00:29:33,960 --> 00:29:36,440 Speaker 1: account and no way to be able to rock it people. 641 00:29:36,520 --> 00:29:38,600 Speaker 1: So I had depended on Robin Peter to pay Paul 642 00:29:38,680 --> 00:29:43,560 Speaker 1: for so long. But when Peter so, it was no 643 00:29:43,680 --> 00:29:51,400 Speaker 1: way to be Where was Peter? What was what was then? Nothing? 644 00:29:51,600 --> 00:29:53,600 Speaker 1: There was no Peter to rock, So I had to 645 00:29:53,600 --> 00:29:55,880 Speaker 1: continue to pay Paul simply just out of my check 646 00:29:55,920 --> 00:29:58,760 Speaker 1: and it was really the true definition of me learning paycheck. 647 00:29:58,800 --> 00:30:00,840 Speaker 1: But while I was on bankruptcy, I say the most 648 00:30:00,840 --> 00:30:03,959 Speaker 1: money that I was ever ready ever able to say, Like, 649 00:30:04,040 --> 00:30:06,640 Speaker 1: I really proved to myself that I can do it. 650 00:30:06,920 --> 00:30:09,560 Speaker 1: And I think that also the fact that I filed myself. 651 00:30:09,600 --> 00:30:11,320 Speaker 1: I was gonna say that earlier, but the facts that 652 00:30:11,360 --> 00:30:13,280 Speaker 1: I found myself, it just reminded me that I don't 653 00:30:13,280 --> 00:30:15,400 Speaker 1: never want to go through this ship again. And like, 654 00:30:15,560 --> 00:30:17,320 Speaker 1: because I don't want to go through the ship again 655 00:30:17,320 --> 00:30:19,320 Speaker 1: in this process, under this, I'm gonna make sure I 656 00:30:19,360 --> 00:30:21,640 Speaker 1: do this and I'm gonna handle this ship and get 657 00:30:21,640 --> 00:30:23,600 Speaker 1: it out behind me. I don't never want to even 658 00:30:23,600 --> 00:30:27,200 Speaker 1: look this way no more. I'm done, you know, girl. 659 00:30:28,280 --> 00:30:30,120 Speaker 1: You know that's one thing that I can say I 660 00:30:30,160 --> 00:30:32,720 Speaker 1: have learned, especially when it comes to money. Once you 661 00:30:32,800 --> 00:30:35,400 Speaker 1: been broke for so long and you finally make that, 662 00:30:35,600 --> 00:30:37,720 Speaker 1: you change your mindset, Like I'm not living this life 663 00:30:37,760 --> 00:30:40,200 Speaker 1: no more. You know, You're gonna work so hard to 664 00:30:40,320 --> 00:30:44,240 Speaker 1: never go broke because I can't. I can't like living 665 00:30:44,280 --> 00:30:46,720 Speaker 1: that paycheck to paycheck or trying to take money out 666 00:30:46,720 --> 00:30:51,040 Speaker 1: of here pas pay call Patrese paul It and the 667 00:30:51,080 --> 00:30:55,360 Speaker 1: recipes like I can't it's it's it's a lot. And 668 00:30:55,400 --> 00:30:57,560 Speaker 1: I think that those are the things that people you know, 669 00:30:57,800 --> 00:31:02,400 Speaker 1: just don't realize. So what is your relationship with money? Now? 670 00:31:02,960 --> 00:31:07,280 Speaker 1: So now we have a love hate relationship. Um So 671 00:31:07,440 --> 00:31:10,160 Speaker 1: I recognize I have a big, big, way, bigger mindset 672 00:31:10,200 --> 00:31:12,080 Speaker 1: and things, and I recognize where I need to go 673 00:31:12,200 --> 00:31:14,520 Speaker 1: and how I need to do things. Um I think 674 00:31:14,560 --> 00:31:16,320 Speaker 1: that for me, of course, I think I'm always gonna 675 00:31:16,360 --> 00:31:18,840 Speaker 1: hate paying bills. And I think that it's like that 676 00:31:18,880 --> 00:31:22,880 Speaker 1: because right let me you you hate paying it. You 677 00:31:22,920 --> 00:31:25,920 Speaker 1: hate paying it because it's not automatic. If you if 678 00:31:25,920 --> 00:31:27,719 Speaker 1: you set up auto pay, like let's say, if your 679 00:31:27,720 --> 00:31:29,240 Speaker 1: phone mill is a hundred dollars and you put out 680 00:31:29,240 --> 00:31:31,000 Speaker 1: for both of your checks to have fifty dollars taken out, 681 00:31:31,000 --> 00:31:33,280 Speaker 1: you wouldn't hate paying your phone mill. You hate paying 682 00:31:33,280 --> 00:31:35,960 Speaker 1: it because you make it a thing. You literally make 683 00:31:36,000 --> 00:31:37,880 Speaker 1: it a thing to where you have to get a link, 684 00:31:38,200 --> 00:31:40,719 Speaker 1: open up your credit card, put in the cards, and 685 00:31:40,760 --> 00:31:42,720 Speaker 1: pay it. And you wouldn't have to do that, and 686 00:31:42,760 --> 00:31:44,400 Speaker 1: you wouldn't feel that way, you know what I mean 687 00:31:44,640 --> 00:31:47,000 Speaker 1: if it was automatic and it automatically came out and 688 00:31:47,000 --> 00:31:49,240 Speaker 1: once you get to that stage, that's just that's the 689 00:31:49,320 --> 00:31:51,800 Speaker 1: ultimate stage, you know what I mean. So that's what 690 00:31:51,880 --> 00:31:53,920 Speaker 1: I'm trying to get. I really that's my goal for 691 00:31:54,040 --> 00:31:56,320 Speaker 1: January nineteen is to be at that stage. And I 692 00:31:56,320 --> 00:31:58,560 Speaker 1: feel like I'm on I'm on my way there. Um. 693 00:31:58,840 --> 00:32:01,520 Speaker 1: I would love, definitely like to increase my savings. So 694 00:32:01,800 --> 00:32:04,440 Speaker 1: I am saving. It's something that I feel like I 695 00:32:04,480 --> 00:32:06,400 Speaker 1: want to do temp times over. I definitely know I'm 696 00:32:06,400 --> 00:32:10,040 Speaker 1: paying too much in rent um. You know, it's a 697 00:32:10,080 --> 00:32:12,600 Speaker 1: love hate relationship. The more the problem is, this is 698 00:32:12,600 --> 00:32:14,040 Speaker 1: the thing too write. And I told listen to my 699 00:32:14,080 --> 00:32:16,840 Speaker 1: students earlier, it's like, you know the problem with knowing 700 00:32:16,880 --> 00:32:18,560 Speaker 1: more and knowing better is that you gotta do better. 701 00:32:18,600 --> 00:32:20,440 Speaker 1: So once you know all of this ship, you know 702 00:32:20,520 --> 00:32:23,160 Speaker 1: all these financial things, now you can't just go out 703 00:32:23,200 --> 00:32:25,840 Speaker 1: and eat and sunk up and mess up and really like, 704 00:32:26,200 --> 00:32:29,080 Speaker 1: you know, just make irresponsible decisions. Now. It's like when 705 00:32:29,080 --> 00:32:31,080 Speaker 1: you're doing that before, you just like that call you like, girl, 706 00:32:31,160 --> 00:32:34,160 Speaker 1: you know better than this, you know. And I think 707 00:32:34,200 --> 00:32:36,440 Speaker 1: that that that sort of response to the crown is heavy, 708 00:32:36,480 --> 00:32:39,200 Speaker 1: That responsibility weighs heavy on you, you know. So I 709 00:32:39,240 --> 00:32:41,200 Speaker 1: think I'm in that stage right now where I'm fighting 710 00:32:41,240 --> 00:32:44,880 Speaker 1: between you know, being still being true to me being 711 00:32:45,000 --> 00:32:48,440 Speaker 1: you know, flock it on a block and still you know. Yo. 712 00:32:48,520 --> 00:32:50,160 Speaker 1: It was so funny because I was like, um, I 713 00:32:50,200 --> 00:32:52,040 Speaker 1: was listening to the Gary V and he was like, 714 00:32:52,080 --> 00:32:54,280 Speaker 1: the worst thing that people do is trying to keep 715 00:32:54,360 --> 00:32:56,280 Speaker 1: up with the jones Is. Somebody tell me who the 716 00:32:56,280 --> 00:32:58,080 Speaker 1: funk these Joneses are and how do I kill them? 717 00:32:58,160 --> 00:33:00,840 Speaker 1: I was like, Yo, this guy is, but it's so true, 718 00:33:00,920 --> 00:33:03,240 Speaker 1: Like who to all these Joneses? And why then were 719 00:33:03,280 --> 00:33:05,640 Speaker 1: trying to keep up with them? Like? But you know, 720 00:33:05,680 --> 00:33:08,480 Speaker 1: it's so crazy because growing up like we was talked 721 00:33:08,520 --> 00:33:10,280 Speaker 1: to us. I don't know what it is in our 722 00:33:10,320 --> 00:33:13,760 Speaker 1: culture proudness. Yeah, definitely a cultural proudness. It's definitely, But 723 00:33:13,800 --> 00:33:17,520 Speaker 1: I think that we got that mixed up right, No, no, 724 00:33:17,520 --> 00:33:20,280 Speaker 1: no doubt. As a brown people, we are flashy, asked people. 725 00:33:20,280 --> 00:33:23,600 Speaker 1: We created jewelry, we created hairstyles, we created all of 726 00:33:23,680 --> 00:33:26,160 Speaker 1: this ship. We like the Seine. That's us. It's always 727 00:33:26,160 --> 00:33:28,920 Speaker 1: gonna be us. It's never gonna change. We was in Africa, 728 00:33:29,000 --> 00:33:31,000 Speaker 1: we was making it out of stones, so us more 729 00:33:31,080 --> 00:33:34,200 Speaker 1: in the style. They never gonna change. We was braiding hair, 730 00:33:34,400 --> 00:33:37,400 Speaker 1: but up with making masks what i you know what 731 00:33:37,440 --> 00:33:40,200 Speaker 1: I mean, Like we've been doing that, doing turbans. But 732 00:33:40,400 --> 00:33:42,960 Speaker 1: it's so crazy because when you see when you see 733 00:33:43,320 --> 00:33:46,120 Speaker 1: white people may be so rich, but they have a 734 00:33:46,120 --> 00:33:48,440 Speaker 1: whole that's done. We ain't never gonna be that. We 735 00:33:48,480 --> 00:33:50,240 Speaker 1: can't never be that. And that's what we and that's 736 00:33:50,240 --> 00:33:51,960 Speaker 1: what I gonna tell us too. That's the last point 737 00:33:51,960 --> 00:33:53,719 Speaker 1: that I really want to leave what other people if 738 00:33:53,760 --> 00:33:56,080 Speaker 1: we gotta stop that, we are never gonna mean that. 739 00:33:56,080 --> 00:33:58,720 Speaker 1: That ain't true. Baby, you was going to shine. That's 740 00:33:58,720 --> 00:34:00,960 Speaker 1: who you are. You're green was paid for so you 741 00:34:01,120 --> 00:34:03,720 Speaker 1: was going to put it on, no doubt about that. However, 742 00:34:03,760 --> 00:34:05,400 Speaker 1: I think that some of the things that we mistake 743 00:34:05,480 --> 00:34:06,880 Speaker 1: is that we think that it got to come from 744 00:34:06,920 --> 00:34:09,120 Speaker 1: part of Gucci Louis in order for us to shine, 745 00:34:09,120 --> 00:34:10,880 Speaker 1: and it don't you know what I mean. So like 746 00:34:11,320 --> 00:34:13,799 Speaker 1: somewhere down the line we got crossed with the what 747 00:34:13,920 --> 00:34:15,600 Speaker 1: shine it means? You know what I mean? Like, Yeah, 748 00:34:15,640 --> 00:34:17,919 Speaker 1: we are proud of people and we love them good. 749 00:34:18,160 --> 00:34:20,320 Speaker 1: It's part of us and it ain't never gonna leave us. However, 750 00:34:20,560 --> 00:34:24,640 Speaker 1: looking good that is very different from having expensive things, 751 00:34:24,880 --> 00:34:26,600 Speaker 1: you know, what I mean. And I think that that's 752 00:34:26,640 --> 00:34:28,839 Speaker 1: the part where somewhere down the line we adopted their 753 00:34:28,960 --> 00:34:31,719 Speaker 1: ideals of what it means to look good, and no, 754 00:34:32,080 --> 00:34:34,520 Speaker 1: we created what it means to look good. They're following us, 755 00:34:34,800 --> 00:34:38,360 Speaker 1: and we have to remember listening. You know, that's a 756 00:34:38,360 --> 00:34:43,640 Speaker 1: whole nother topic because black people always been in original 757 00:34:44,960 --> 00:34:47,719 Speaker 1: people of color shots. And I mean, like that's that's 758 00:34:48,000 --> 00:34:50,319 Speaker 1: the thing, right, So that's the conflict and thing that 759 00:34:50,320 --> 00:34:51,960 Speaker 1: that that's what we deal with. You know, we like 760 00:34:52,040 --> 00:34:54,040 Speaker 1: to look good and that's no you know, it happens. 761 00:34:54,080 --> 00:34:56,360 Speaker 1: That's what we want to do. But at the same time, 762 00:34:56,480 --> 00:35:00,359 Speaker 1: it's like, you know, is that realistic? You know? Right? 763 00:35:01,880 --> 00:35:04,319 Speaker 1: So before we leave, what is I mean we've been 764 00:35:04,400 --> 00:35:08,640 Speaker 1: dropping gyms throughout this entire podcast, but like, what are 765 00:35:08,680 --> 00:35:11,520 Speaker 1: some advice that you will want to give somebody that's 766 00:35:11,560 --> 00:35:14,560 Speaker 1: going through this or maybe a younger you, or to 767 00:35:14,640 --> 00:35:17,920 Speaker 1: our listeners. Because I feel like even with me, like 768 00:35:18,000 --> 00:35:19,880 Speaker 1: you shared so much light and I also know you 769 00:35:20,480 --> 00:35:22,879 Speaker 1: outside of this, you know, like we're always talking about 770 00:35:22,920 --> 00:35:24,400 Speaker 1: like ways of how they got money of this and that. 771 00:35:25,040 --> 00:35:28,000 Speaker 1: So like I feel, you know, motivated to even get 772 00:35:28,120 --> 00:35:29,880 Speaker 1: on top of my ship because it's like yo, like 773 00:35:30,520 --> 00:35:32,440 Speaker 1: you know, we gotta get to it. So what is 774 00:35:32,480 --> 00:35:38,400 Speaker 1: some advice that you get to Three things? One, educate yourself, 775 00:35:38,440 --> 00:35:40,759 Speaker 1: so learn as much as you possibly can. And it's 776 00:35:40,760 --> 00:35:43,840 Speaker 1: not education doesn't just come from books or reading or watching, 777 00:35:43,880 --> 00:35:46,000 Speaker 1: and come from talking with people. You don't know how 778 00:35:46,040 --> 00:35:49,640 Speaker 1: much you've been learned from a simple conversation. It's just amazing, right, 779 00:35:49,680 --> 00:35:53,439 Speaker 1: like talking to people. Like equipping yourself with knowing your 780 00:35:53,520 --> 00:35:55,640 Speaker 1: credit score at all times, you know what I mean, 781 00:35:55,680 --> 00:35:58,279 Speaker 1: and really understanding what is a fight go score as 782 00:35:58,280 --> 00:35:59,960 Speaker 1: opposed to that ship they give you one credit card 783 00:36:00,000 --> 00:36:03,120 Speaker 1: because that's not the real score, you know. So educating 784 00:36:03,120 --> 00:36:05,239 Speaker 1: yourself and knowing yourself that would be number one. Number 785 00:36:05,239 --> 00:36:10,839 Speaker 1: two would be to um making money, so having that 786 00:36:10,920 --> 00:36:15,120 Speaker 1: income but also investing, right, So it has to come 787 00:36:15,120 --> 00:36:16,719 Speaker 1: from one or the two. You either have to save 788 00:36:16,920 --> 00:36:19,680 Speaker 1: or invest. It's no way that you should be having income. 789 00:36:19,719 --> 00:36:21,719 Speaker 1: If you have an income. It is almost and I'm 790 00:36:21,719 --> 00:36:23,680 Speaker 1: gonna make this my number two. If you have an income, 791 00:36:23,880 --> 00:36:26,319 Speaker 1: it is a requirement that you are even saving or 792 00:36:26,360 --> 00:36:30,560 Speaker 1: investing or both. You you know what I mean. So 793 00:36:30,760 --> 00:36:33,080 Speaker 1: that means that you just put intent dollars in a job. Baby, 794 00:36:33,080 --> 00:36:36,080 Speaker 1: I don't care, but you're saving you know. I was 795 00:36:36,120 --> 00:36:39,680 Speaker 1: just talking my students today about if you take so 796 00:36:39,800 --> 00:36:42,000 Speaker 1: right now with Starbucks, you can give me a give 797 00:36:42,000 --> 00:36:43,400 Speaker 1: me a company you think it's going to change your 798 00:36:43,360 --> 00:36:45,880 Speaker 1: faith to the world. And I used Starbucks earlier as 799 00:36:46,000 --> 00:36:47,839 Speaker 1: as something that they are. You know what I mean, 800 00:36:47,880 --> 00:36:50,839 Speaker 1: They're not going anywhere no time soon. They're gonna last 801 00:36:50,880 --> 00:36:54,000 Speaker 1: for you to see Starbucks easily being a hundred company, 802 00:36:54,120 --> 00:36:57,879 Speaker 1: They're only what thirty not even money? Right So think 803 00:36:57,920 --> 00:37:00,799 Speaker 1: about that Starbucks stock right now is fifty do so 804 00:37:01,560 --> 00:37:03,239 Speaker 1: if you take fifty dollars out of each one of 805 00:37:03,239 --> 00:37:05,160 Speaker 1: your checks, you get twenty six checks in a year. 806 00:37:05,480 --> 00:37:09,799 Speaker 1: If you take fifty dollars out of yours you get 807 00:37:09,880 --> 00:37:13,279 Speaker 1: and you buy one stock in Starbucks, Imagine how what 808 00:37:13,320 --> 00:37:15,720 Speaker 1: that's gonna look like in five years when that stock 809 00:37:15,760 --> 00:37:18,960 Speaker 1: is sixty seventy dollars, eighty dollars, ninety dollars. You know 810 00:37:19,000 --> 00:37:22,400 Speaker 1: what I mean. You got facebooking and Apple going for 811 00:37:22,520 --> 00:37:25,560 Speaker 1: upwards of hundreds of dollars. Imagine when Starbucks getting to 812 00:37:25,680 --> 00:37:28,680 Speaker 1: its peak, how much money you're gonna be rolling in 813 00:37:28,760 --> 00:37:31,000 Speaker 1: just by putting fifty dollars that you probably eat or 814 00:37:31,080 --> 00:37:36,120 Speaker 1: drink every weekend any damn way, just by paying fifty dollars. Yo. 815 00:37:36,280 --> 00:37:37,600 Speaker 1: I had to bring you because we have to do 816 00:37:37,680 --> 00:37:41,280 Speaker 1: this again, man, because that's like, that's so true, like 817 00:37:41,280 --> 00:37:43,839 Speaker 1: like fastest. Everybody knows that a little before. So it's 818 00:37:43,840 --> 00:37:51,719 Speaker 1: just like you spends things even so. And I'll tell 819 00:37:51,760 --> 00:37:53,560 Speaker 1: that depending on when this is gonna release right now, 820 00:37:53,600 --> 00:37:57,440 Speaker 1: that that the interest rates going up and bonds is 821 00:37:57,480 --> 00:37:59,320 Speaker 1: gonna make the most money. The government is going to 822 00:37:59,400 --> 00:38:01,320 Speaker 1: make the most money when we're going into a recession. 823 00:38:01,440 --> 00:38:03,759 Speaker 1: Right now, when we're in a recession, the government makes 824 00:38:03,760 --> 00:38:06,600 Speaker 1: the money. Who financial institutions make their money because what 825 00:38:06,640 --> 00:38:08,919 Speaker 1: they're doing is they're going to increase the interest rates. 826 00:38:09,120 --> 00:38:11,360 Speaker 1: When they increase, that's what you should be invested in banks, 827 00:38:11,440 --> 00:38:14,400 Speaker 1: invest in Bank of America, open up that speed account. 828 00:38:14,640 --> 00:38:16,200 Speaker 1: You know what I mean by those bonds. You know, 829 00:38:16,239 --> 00:38:18,800 Speaker 1: you can buy a bond for a hundred dollars hundred 830 00:38:18,840 --> 00:38:24,839 Speaker 1: bucks and you get paid on that bond. Right, So 831 00:38:25,040 --> 00:38:27,400 Speaker 1: like think about small things like that. If you're not saving, 832 00:38:27,440 --> 00:38:30,399 Speaker 1: you should be investing um. And then my last one 833 00:38:30,440 --> 00:38:33,239 Speaker 1: is just making everything automatic. So there's so many things 834 00:38:33,239 --> 00:38:36,840 Speaker 1: that could be automatic. Making full use of those things 835 00:38:36,880 --> 00:38:40,520 Speaker 1: so whether that be you know, the credit card coming 836 00:38:40,520 --> 00:38:43,359 Speaker 1: out automatic, the rent coming out automatic, the phone bill 837 00:38:43,400 --> 00:38:45,040 Speaker 1: coming out you know you get fought out. Was less 838 00:38:45,080 --> 00:38:47,040 Speaker 1: on your phone bill if you just pay them on time? 839 00:38:47,600 --> 00:38:49,040 Speaker 1: You know what I mean? So many of us are 840 00:38:49,120 --> 00:38:50,920 Speaker 1: missing out on that yo I used to be and 841 00:38:50,960 --> 00:38:53,600 Speaker 1: I still am. No lives sometimes that person that wait 842 00:38:53,640 --> 00:38:55,359 Speaker 1: for the ship and go off with your cool and pay. 843 00:38:55,760 --> 00:38:58,279 Speaker 1: You've got the money, you know that every time when 844 00:38:58,280 --> 00:39:02,239 Speaker 1: you see that phones, you're giving them money for That's 845 00:39:02,280 --> 00:39:05,319 Speaker 1: so that's so funny because like, you know, she gotta 846 00:39:05,360 --> 00:39:07,120 Speaker 1: get paid. You got the money and do it. But 847 00:39:09,400 --> 00:39:12,360 Speaker 1: a if you had that automatically come out, you wouldn't 848 00:39:12,400 --> 00:39:14,400 Speaker 1: even think about it. You wouldn't even feel it wouldn't 849 00:39:14,440 --> 00:39:16,920 Speaker 1: even be you wouldn't even think about it at all. 850 00:39:18,239 --> 00:39:20,960 Speaker 1: So yeah, those would be my three things, um that 851 00:39:21,040 --> 00:39:22,640 Speaker 1: I would want to like leave on. Those are the things. 852 00:39:22,680 --> 00:39:24,080 Speaker 1: Those are type of things that I hope to talk 853 00:39:24,120 --> 00:39:26,279 Speaker 1: about at the dinner table when my children is like 854 00:39:26,320 --> 00:39:29,920 Speaker 1: what stock are you picking for the week? And why? Right? 855 00:39:30,520 --> 00:39:33,759 Speaker 1: Thinking like what mommy, Like you're what st keep picking 856 00:39:33,800 --> 00:39:39,319 Speaker 1: for the week? Well, thank you so much, guys. If 857 00:39:39,400 --> 00:39:43,640 Speaker 1: you'll have any questions for my guests that is Anonymous 858 00:39:43,680 --> 00:39:45,160 Speaker 1: I were talking to see how she is because she 859 00:39:45,320 --> 00:39:49,960 Speaker 1: is so amazing. Please send me an email UM with 860 00:39:50,120 --> 00:39:53,240 Speaker 1: the subject line bankruptcy and make sure she gets them. 861 00:39:53,320 --> 00:39:55,759 Speaker 1: I definitely want to do another podcast for her and 862 00:39:55,960 --> 00:39:59,160 Speaker 1: talk about more financial freedom because I'm telling y'all, I 863 00:39:59,200 --> 00:40:01,920 Speaker 1: don't know about y'all, but I am tired of clocking 864 00:40:02,000 --> 00:40:05,919 Speaker 1: in and out here. I am tired, and I need 865 00:40:05,960 --> 00:40:08,600 Speaker 1: to get my statments out because the only way you're 866 00:40:08,600 --> 00:40:11,239 Speaker 1: gonna know and something's gonna really work, your dream is 867 00:40:11,239 --> 00:40:13,880 Speaker 1: gonna really work for you is if you're really putting 868 00:40:13,880 --> 00:40:15,919 Speaker 1: you all into it. You cannot put you all into 869 00:40:15,960 --> 00:40:18,160 Speaker 1: it if you're splitting your time clocking it or not. 870 00:40:20,120 --> 00:40:23,760 Speaker 1: So I hope that this podcast for this episode encourage 871 00:40:23,800 --> 00:40:27,160 Speaker 1: you because it definitely encouraged me. And until next time 872 00:40:27,680 --> 00:40:28,000 Speaker 1: later on