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Speaker 1: And we're back and we're five pounds more less. I

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Speaker 1: don't know where you're landing on that.

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Speaker 2: Scale, but you'd have to actually step on a scale

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Speaker 2: to know how much you weigh, and that's something I'm

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Speaker 2: refusing to do until twenty eighteen.

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Speaker 3: Ah.

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Speaker 1: So for those of you who are like, who are y'all?

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Speaker 1: I feel like we never introduced Mandy an Tiffany all

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Speaker 1: in your ear drums, giving you all this brown delicious

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Speaker 1: life about careers, finance, just life in this brown skin.

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Speaker 1: My thanks. Everything was pretty awesome. It probably was the

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Speaker 1: chillest that it's ever been. So my husband obviously came

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Speaker 1: to my parents' house. It was the first time that

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Speaker 1: I could tell that he was like fully comfortable.

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Speaker 3: Oh that's a big stone, I know, because like I

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Speaker 3: usually like, I don't leave him alone with my dad

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Speaker 3: because my dad still has like super thick Nigerian accent

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Speaker 3: just got here forty years ago, you know, and so.

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Speaker 1: He's always looking at me like go leave me, you know.

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Speaker 1: But this time, like what it was so chill, I

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Speaker 1: couldn't believe because you know, you know how you know

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Speaker 1: your booz, so you could tell when their body language

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Speaker 1: is like I'm uncomfortable, but he was. He almost didn't

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Speaker 1: want to leave because we had to go to his

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Speaker 1: sister's house afterwards, and he was like, oh, I wish

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Speaker 1: we could stay. I'm like, wow, look at this went

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Speaker 1: from stiff and sitting forward to like letting your childhood

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Speaker 1: mistakes slip out. He said something that I probably am

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Speaker 1: not going to mention. Let's just say my husband was,

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Speaker 1: you know, one of them boys back in the day,

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Speaker 1: back when he was really young, and he like, let

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Speaker 1: it slip out. I was like, sir, right, Dad, I

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Speaker 1: look because my sister was saying something about a guy

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Speaker 1: that she works with, and he was like, oh, I

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Speaker 1: used to run the streets with him back in the day.

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Speaker 1: Now he didn't say run the streets. You could just

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Speaker 1: guess what he said. And my dad like yo. My

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Speaker 1: dad called me later was like that was that was

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Speaker 1: when he was young, right, not like that's not like

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Speaker 1: happening now. I'm like, no, Daddy, my my husband is

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Speaker 1: not running the streets any longer. But I was like, dude,

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Speaker 1: you can't get that comfortable. But Ala Nola was good though.

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Speaker 2: Yeah, I had a similar experience. Well one, my dad

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Speaker 2: can say my husband's name successfully now. Without needing to

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Speaker 2: ask me, was that right? He always adds like four

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Speaker 2: extra syllables to it. I'm like, it's only three syllables.

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Speaker 2: What are you doing? And my dad came over and

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Speaker 2: my husband and him watched football together, and like, yeah,

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Speaker 2: I took a nap and I wasn't worried about having

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Speaker 2: to like keep the conversation going or anything like that.

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Speaker 2: They just were like cool. I'm realizing they have kind

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Speaker 2: of the same like chill personality and also anxiety about

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Speaker 2: like talking for a long time, so they both kind

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Speaker 2: of like just chill and just hang out and it's

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Speaker 2: like comfortable silence, which is nice. And me and my

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Speaker 2: brother are like bouncing off the walls.

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Speaker 1: Oh good, No, yeah, so thanks. Everything was awesome. It's

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Speaker 1: set a nice tone for the week. You know, what's

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Speaker 1: been like super trending lately, Like so the dream Catchers.

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Speaker 1: For those of you who are listening, woo woo, everyone's

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Speaker 1: talking about bitcoin.

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Speaker 2: You heard the yes everyone is, because yes, this morning

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Speaker 2: I got to work and the front page of like

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Speaker 2: the subway newspaper. You know, it's a big deal with

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Speaker 2: like the subway random Free Subway newspaper is writing about it.

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Speaker 2: The front page was bitcoin, and I got all these

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Speaker 2: emails about bitcoin, so like, what the heck it's worth

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Speaker 2: like what ten thousand dollars per coin?

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Speaker 1: Yeah, So I remember at one point when it first

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Speaker 1: came out, it was huge, and then I believe bitcoin

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Speaker 1: was like the preferred method of a payment for like

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Speaker 1: some big drug ring. Yeah the yes, And so it

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Speaker 1: kind of fell off after that, and I should have

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Speaker 1: bought some, I guess, I don't know. And now it's

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Speaker 1: like back with a Vengers. I mean, I'll say this,

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Speaker 1: I'm a hater of bitcoin only because they stole my

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Speaker 1: logo and there's nobody to sue. So that dollar sign

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Speaker 1: b I had a full year before them, and I

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Speaker 1: trademarked it. And when I went to go say cease

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Speaker 1: and desist, bitcoin is not owned by anyone. It's currency,

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Speaker 1: so there's no one to say stop using my logo.

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Speaker 2: That's true. You didn't find that. Who was what's the

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Speaker 2: name of that person who started it?

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Speaker 1: That?

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Speaker 2: Nope. Like I remember when I because it came out

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Speaker 2: only two thousand and nine, twenty ten, and I had

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Speaker 2: just started a business insider, and everyone was like losing

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Speaker 2: their crap about it, and everyone was like, are we

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Speaker 2: gonna find the guy. I'm looking up his name now,

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Speaker 2: Satoshi Yea Nakamoto.

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Speaker 1: Yep, it was Japanese guy. But the thing is he

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Speaker 1: didn't create the logo. It was like the followers that

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Speaker 1: were like, oh, this is the logo and so, and

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Speaker 1: then you know, he basically relinquished the so he doesn't

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Speaker 1: really own the brand. It's just like this cryptocurrency really

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Speaker 1: is based on pure supply and demand, and so there's

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Speaker 1: no one to say, hey, stop using that logo because

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Speaker 1: no one technically owns. Believe me, I looked it up

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Speaker 1: and I was like, ah, so I'm a hater, but

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Speaker 1: although I mean just of the logo since it's mine.

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Speaker 1: But people will be like, you have bitcoins local. I'm like, actually,

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Speaker 1: I secured that trademark in two thousand and eight before

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Speaker 1: bitcoin was even a thing, and I have set exactly

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Speaker 1: so yeah, I mean, I'm not gonna lie. I'm not

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Speaker 1: fully familiar. So what I have done is I've actually

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Speaker 1: like reached out on social reached out to different instructors

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Speaker 1: of a bitcoin because I want to bring some bitcoin

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Speaker 1: knowledge to myself as well as dream catchers and dream builders,

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Speaker 1: so you know, because I want to get someone who

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Speaker 1: can kind of really speak to it, and so we

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Speaker 1: could really understand because even if it's not bitcoin, cryptocurrency

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Speaker 1: clearly is a thing that's happening, you know.

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Speaker 2: Yeah, I mean it's it's it's definitely. I remember it

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Speaker 2: was like it was like this unknown entity when it

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Speaker 2: first came out, and my first impression of it was

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Speaker 2: like this sounds terrifying and scary and weird, and like

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Speaker 2: why would I ever why would I ever use fake money?

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Speaker 2: At the time, it sounded like fake money, and it sounded.

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Speaker 1: Like a game.

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Speaker 2: Because bitcoin it's a type of currency that was created.

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Speaker 2: But in order to get bitcoin, you can't just like go,

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Speaker 2: you know, go to like your bank and buy bitcoin.

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Speaker 2: These these professional people hackers or whatever they quote unquote

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Speaker 2: mine it, which involves like all these really I don't know,

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Speaker 2: complicated computer y type things where you have to go

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Speaker 2: find it, like they hide the bitcoin, then you unlock it.

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Speaker 2: And since it first came out, like now they're the

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Speaker 2: supposedly these these bitcoin exchanges where if you have dollars,

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Speaker 2: you can exchange the dollars for bitcoin. But because it's

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Speaker 2: like because of the way that it's found, because it's

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Speaker 2: found in these limited quantities. They kind of like control

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Speaker 2: the price and the demand for bitcoin as it increases,

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Speaker 2: and the supply is you know, control and low. It's

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Speaker 2: going to increase the value of bitcoin. And I think

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Speaker 2: now that everyone is it's sort of reached this like

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Speaker 2: fever pitch because people are like it's in the mainstream

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Speaker 2: ish now and people kind of know what it is,

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Speaker 2: and like investors are getting into it. It's like ninety

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Speaker 2: five hundred dollars or something.

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Speaker 1: Yes, So here's my thing, cause I've heard like there's

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Speaker 1: places like the place the main place I've heard where

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Speaker 1: you can buy in exchange is this place called is

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Speaker 1: it coinbase or coin crunch coinbase? Right? Is that what

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Speaker 1: it is?

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Speaker 2: I think it's a coin base.

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Speaker 1: Yeah, So, but I guess what I can't wrap my

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Speaker 1: mind around is I kind of get like, you know,

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Speaker 1: slightly cryptocurrency. But so is there so if I bought

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Speaker 1: a thousand bitcoin, you know, five years ago, and now

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Speaker 1: it's worth's you know, a thousand times ten thousand, a

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Speaker 1: bajillion dollars whatever, a million dollars, is there a place

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Speaker 1: where I can't go get my million dollars? Like, cause

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Speaker 1: that's the part that I've been having a hard time

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Speaker 1: getting a clear answer on like where can I say

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Speaker 1: I don't want these bitcoins aka budget needs to coins.

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Speaker 1: That's what I'm going to start calling them. I don't

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Speaker 1: want these budgeties to coins. I want like technically quote

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Speaker 1: unquote real coins, even though money's not real, but you

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Speaker 1: know what I mean. Like, so I want to get

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Speaker 1: my million dollars in actual cash deposited into my bank account. Like,

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Speaker 1: are there there I'm able to do? So is that

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Speaker 1: what there's saying? Because I'm like, I have not gotten

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Speaker 1: a clear I've asked a lot of people and they're like, well,

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Speaker 1: you can spend it or you have to get somebody

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Speaker 1: to buy it from you. And I'm like, yeah, but

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Speaker 1: that's not the question I asked. So I haven't got Yeah,

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Speaker 1: I haven't gotten a clear clear answer on how do

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Speaker 1: I get quote unquote real money in exchange for budgeties

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Speaker 1: to coins. Yeah.

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Speaker 2: I'm not an expert, but I think the exchanges, because

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Speaker 2: people are using dollars to purchase bitcoin, have a pool

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Speaker 2: of cash, and I think that they would pay out

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Speaker 2: of that fund when people want to cash out bitcoin.

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Speaker 2: But in the beginning, that's that's how I imagined it would happen.

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Speaker 2: That's where they getting the funds from. But like in

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Speaker 2: the beginning, cryptocurrency was meant to be this anti currency.

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Speaker 2: It was meant Yeah, it wasn't meant I think at

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Speaker 2: the time maybe people were thinking it might be an investment.

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Speaker 2: But back then it was like, man, this is cool.

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Speaker 2: I don't have to use cash. I can get I can.

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Speaker 2: It was like, you know, at the same time as

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Speaker 2: those anti Wall Street progress protests like Occupy Wall Street

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Speaker 2: and stuff was going on, and people were like so

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Speaker 2: anti anti capitalism and all that that these stores were

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Speaker 2: starting to like they were trying to attract millennials and

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Speaker 2: like young people who were like disenchanted with the market

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Speaker 2: or capitalism to say, well you can pay with cryptocurrency

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Speaker 2: bitcoin and like nobody wins except for you. And now

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Speaker 2: it's become like this investing tool and yeah, I'm I'm

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Speaker 2: curious too. Maybe you should maybe we should get someone

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Speaker 2: on here to talk about it.

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Speaker 1: On here. Right, here's a young woman that I met,

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Speaker 1: so like she's been a big like uh, I guess

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Speaker 1: a teacher of a big course. I actually have a

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Speaker 1: call with her on Friday. So if she seems as

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Speaker 1: dope as I've been doing a little bit of research

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Speaker 1: on her. If she seems as dope as she is,

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Speaker 1: you know, definitely we can bring her on. She's all

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Speaker 1: brown ambition. So I'm just looking at coinbase like to

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Speaker 1: convert bitcoin and to cash. Look for a big cooin

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Speaker 1: exchange that will allow you to sell your bitcoin at

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Speaker 1: a reasonable price for your preferred local currency, such as cake, pesos, dollars,

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Speaker 1: or euros, whether or not the exchange supports your preferred

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Speaker 1: currency and your prefer method of receiving your cash, so

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Speaker 1: there is you're able to cash in. I just wonder

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Speaker 1: why I haven't heard about more people cashing it. I

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Speaker 1: guess people are not wanted to cash in because it

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Speaker 1: keeps going up in price, you know.

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Speaker 2: I think that it's being treated now just like any asset,

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Speaker 2: like nine thousand shares of a Twitter Like if Twitter

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Speaker 2: stock triples overnight, do you really want to sell it then?

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Speaker 2: Or do you want to hang on to it?

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Speaker 1: Yeah? I see that, because you're right, I'm not really

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Speaker 1: hearing a bunch of people cashing in, But I mean,

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Speaker 1: I guess I wouldn't either, because if every day it's

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Speaker 1: going up significantly, you know.

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Speaker 2: I don't even know who I don't know. I feel

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Speaker 2: like maybe hedge funds are the ones. I mean, hedge

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Speaker 2: funds typically take big risks with money, Like maybe they're

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Speaker 2: the ones investing heavily in bitcoin. But like I don't

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Speaker 2: know any regular joes who have a bunch of bitcoin

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Speaker 2: in their portfolio and are wondering, like what to do

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Speaker 2: with it.

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Speaker 1: I don't know.

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Speaker 2: I mean I can on my personal thing is if

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Speaker 2: it's like so hot right now that everyone knows about it,

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Speaker 2: this is the wrong time to buy it.

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Speaker 1: Yeah, I feel like, you know, it's so crazy because

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Speaker 1: I remember when it first came out, it exploded and

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Speaker 1: people were like, oh man, I missed the boat, but

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Speaker 1: you really didn't. And then it like fell because you know,

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Speaker 1: it was used like for all these illegal activities, and

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Speaker 1: then people kind of forgot about it. Now it's exploding again.

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Speaker 1: It's like, darn it. You know, I should have when

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Speaker 1: I thought that it fell off. That would have been

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Speaker 1: the time to maybe get a thousand dollars worth of bitcoin,

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Speaker 1: you know. But there are other shape Like what it's

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Speaker 1: so interesting now is that you're seeing more and more

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Speaker 1: like types of cryptocurrencies coming out, Like there's one in Africa.

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Speaker 1: Now there's like, oh, there just there's one specifically for

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Speaker 1: like black owned businesses. I saw a woman created. There's

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Speaker 1: all of these things coming out. So it's gonna be

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Speaker 1: very interesting the next ten years about how we interact

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Speaker 1: with for the lack of better word, really well not

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Speaker 1: even money but really currency and what that really means,

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Speaker 1: you know.

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Speaker 2: Yeah. Interesting. I'm so like, I'm like an old lady.

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Speaker 2: I'm like, oh no, that's I know.

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Speaker 1: What I know, and I don't want to be that person.

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Speaker 2: Like right, I know, but it is I mean, you know,

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Speaker 2: what what if I had What if I had, you know,

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Speaker 2: joined in the hype at business and side at the time.

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Speaker 2: I bet a lot of those people at BI have

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Speaker 2: bitcoin and are like rolling in it, But I don't know.

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Speaker 2: I'm peaceful with my diversified portfolio. This is exciting though,

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Speaker 2: and cool, it is, right, Yeah, So.

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Speaker 1: Something I didn't mention when I was home with my

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Speaker 1: parents and stuff, like, I like, my dad is retired

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Speaker 1: and my mom wants to retire soon. So it's like, wow,

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Speaker 1: I haven't I've never had the sit down financial conversation

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Speaker 1: with the march because my dad is pretty savvy with

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Speaker 1: his finances. But still now that my mom's wanted to

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Speaker 1: make the switch over and just like I don't know.

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Speaker 1: So it's like weird have you had like the real

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Speaker 1: serious like, so where's your money coming from? What do

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Speaker 1: you guys? Because my parents are really considering downsizing like

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Speaker 1: my childhood home, and I'm like what And just like

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Speaker 1: all of these like major major, you know, changing, and

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Speaker 1: so we're supposed to have a sit down financial talk

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Speaker 1: soon just to kind of go over everything they have

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Speaker 1: and where everything is and you know, like figure out

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Speaker 1: like insurance, Like okay, because my mom right now is

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Speaker 1: the one who has insurance. She's a no a school nurse,

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Speaker 1: so she's got great insurance. And my dad, because he's older,

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Speaker 1: does get Medicare I believe, but still it's supplemented by

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Speaker 1: her insurance. So like what does that mean. It's just

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Speaker 1: so many things that I never thought of before.

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Speaker 2: You know, Oh yeah, I think about this all the time.

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Speaker 2: I've been pushing them since before they were ready to

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Speaker 2: talk to me about their finances because I don't know

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Speaker 2: what the magic moment is, but I feel like there's

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Speaker 2: a shift where like the kids are asking the parents

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Speaker 2: about their finances and worrying about them, and the parents

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Speaker 2: like resist, Like my mom has been in a resistance

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Speaker 2: mode for a few years, but something happened in the

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Speaker 2: last year. I think what happened was so she a

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Speaker 2: couple of years back, my mom when she moved to Wisconsin,

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Speaker 2: she was like just going to check the mail or something,

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Speaker 2: and she slipped on this patch of ice on her driveway,

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Speaker 2: this like frozen patch of ice and at her kneecap.

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Speaker 2: And she had just separated from my stepdad and she

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Speaker 2: was living alone, and you know, I flew out there

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Speaker 2: right away, and my sister lived nearby and together we

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Speaker 2: like had to take care of her. And you know,

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Speaker 2: she couldn't even use a bathroom on her own, and

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Speaker 2: it was really scary because I had never seen her

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Speaker 2: like that, and that was maybe like a little bit

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Speaker 2: of a wake up call. Ever, and just because like

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Speaker 2: the level of intimacy I had to have with her

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Speaker 2: all of a sudden, not just like financially, but you

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Speaker 2: know physically, you know, helping my mom use the bathroom

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Speaker 2: and stuff. I think that I don't know, it helps

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Speaker 2: shatter that like awkwardness or that resistance that I was

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Speaker 2: there before. And I don't know, like everything, but we've

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Speaker 2: talked about especially because she was separating from my stepdad

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Speaker 2: and she's like, you know, in her late fifties, and

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Speaker 2: you know, I was asking her questions about how how

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Speaker 2: can you support yourself? And she hasn't worked in a

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Speaker 2: while because she has a disability. And I feel like

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Speaker 2: some of my worst fears were confirmed, but then some

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Speaker 2: of them weren't as bad as I thought. And and

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Speaker 2: I think that she just recently got married and that

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Speaker 2: makes me feel like a little bit better about her

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Speaker 2: financial security. My my dad, who knows, like I'm just

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Speaker 2: got my dad finally got a real job like he's been.

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Speaker 2: Papa's been a rolling stone forever, but he's always been

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Speaker 2: a hustler, like not the illegal way. I mean maybe

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Speaker 2: back in the day.

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Speaker 1: But I'm gonna say him and Superman part are like

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Speaker 1: I see.

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Speaker 2: He's he's got to I mean, no, my dad is

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Speaker 2: whatever whatever y. No one has as many friends as

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Speaker 2: he does and was not up to no good.

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Speaker 1: When he was exactly everybody knows who I'm like. Everybody

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Speaker 1: knows you.

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Speaker 2: Everybody, yeah, everybody but my dad. I think I think

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Speaker 2: I've been getting my dad's It started when I like

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Speaker 2: would help him sign up for Obamacare, and I have.

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Speaker 2: You have to ask questions like when's the last time

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Speaker 2: you filed taxes? Say what like? And then you start

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Speaker 2: getting concerned. But I'm happy. I mean, my my talk

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Speaker 2: with my dad was like, you need to get something together.

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Speaker 2: You don't have anything. There's no insurance, there's no four

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Speaker 2: one K, no nothing. And so he's always been, you know,

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Speaker 2: self employed in his many different ways, and I think

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Speaker 2: he finally decided to look for work in his fifties

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Speaker 2: that pays benefits, which was interesting for me to watch

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Speaker 2: because like, it's not easy. There's not a lot of

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Speaker 2: jobs you can get with no college education that have

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Speaker 2: benefits and you know, pay well. And he took a

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Speaker 2: job doing construction this past fall, and then I was

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Speaker 2: like terrified because he was making okay money, but that's

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Speaker 2: really dangerous work. He's like putting an installation and installing

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Speaker 2: stuff in hotels and whatever. But because he was like

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Speaker 2: putting himself out there, he started talking to people and

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Speaker 2: he found out that Marda, which is the public transit

347
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Speaker 2: system in Atlanta, uh, maybe a good option. And so

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Speaker 2: he went to Marda and he joined their their training

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Speaker 2: program to be a driver for their like like the

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Speaker 2: equivalent of accessor ride up here, you know, like the

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Speaker 2: like the the buses that people with disabilities arrange for transportation.

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Speaker 2: Not the public public bus. Anybody can hop onb but

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Speaker 2: people who are on wheelchairs or blind or whatever they

354
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Speaker 2: need like the special ride. And so he just joined

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Speaker 2: their program. And when I went down for Thanksgiving, he

356
00:17:08,840 --> 00:17:10,159
Speaker 2: rolled up in the bus and it was like the

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Speaker 2: cutest thing I've ever seen. Ah, And I feel better.

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Speaker 2: I'm like, okay, I feel like a parent. I'm like, okay,

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Speaker 2: dad's got a.

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Speaker 1: Jry, yes, okay. I feel like honestly, I'm like exhausted,

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Speaker 1: checking in on my sisters, all my friends, Okay, okay,

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Speaker 1: my parents. I mean like, oh my gosh, my thirties

363
00:17:29,640 --> 00:17:32,719
Speaker 1: are so real. You know, people have like health issues

364
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Speaker 1: that pop up, and you know, there's financial issues, and

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Speaker 1: I'm did all these things exist before? Because when I

366
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Speaker 1: was in my twenties, I don't remember all of this,

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Speaker 1: even in my early thirties, but I feel like now

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Speaker 1: it's like, you know, I don't know, not that people's

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Speaker 1: lives are terrible, but it's like it's real. You know,

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Speaker 1: like people have you know, like real issues and you're

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Speaker 1: just like, oh my gosh, how much am I supposed

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Speaker 1: to help? How much am I supposed to contribute? And

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Speaker 1: you know, like I never, honestly, I've been spoiled in

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Speaker 1: that I didn't come from a family that necessarily needed

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Speaker 1: help for me, you know. So like my dad was

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Speaker 1: really good with the finance, and he's still really good

377
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Speaker 1: with them. And it's not even like they need help,

378
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Speaker 1: like like you know, where are they going to stay

379
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Speaker 1: because they can't afford their bills. It's more so like

380
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Speaker 1: there's a transition, and I want to make sure that

381
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Speaker 1: that transition is made well, but not because they don't

382
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Speaker 1: have the finances, you know. So I'm fortunate in that way,

383
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Speaker 1: and that my sisters have also always been gainfully employed.

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Speaker 1: Although baby Lisa, I'm like, ma'am, like you're paying a mortgage.

385
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Speaker 1: In those those parking tickets, you're going to be locked up,

386
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Speaker 1: just so this is an apb out for baby dag

387
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Speaker 1: On Lisa, pay a bucket tickets. But other than that,

388
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Speaker 1: you know, so it's just but still it's like as

389
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Speaker 1: you get older, you start to see that like finances

390
00:18:50,960 --> 00:18:52,879
Speaker 1: and life and stuff, these things are real, you know,

391
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Speaker 1: and that people struggle with them, and people that you know,

392
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Speaker 1: you know, I'm always worried out like somebody, and I'm like, well,

393
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Speaker 1: what should I do? Superman's like, you can't save everyone.

394
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Speaker 1: I'm like, I know, but I want to make sure

395
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Speaker 1: everyone is good.

396
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Speaker 2: I mean, think of it like the government. There's gotta

397
00:19:08,800 --> 00:19:10,359
Speaker 2: be like a chain of command. You know, if so

398
00:19:10,400 --> 00:19:13,800
Speaker 2: and so is incapacitated, then the responsibility goes to the

399
00:19:13,840 --> 00:19:15,480
Speaker 2: next person. It was like a there was like a

400
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Speaker 2: line of succession or like a plan in place, or

401
00:19:17,960 --> 00:19:21,760
Speaker 2: there should be anyway, And like, I think it's so awkward,

402
00:19:21,800 --> 00:19:24,439
Speaker 2: and people get really upset and defensive, especially my parents

403
00:19:24,440 --> 00:19:26,600
Speaker 2: when I started talking about this a few years ago.

404
00:19:26,680 --> 00:19:28,760
Speaker 2: But I don't know, I just kept bringing it up

405
00:19:29,000 --> 00:19:31,800
Speaker 2: whenever I could and wearing them down little by little,

406
00:19:31,800 --> 00:19:35,840
Speaker 2: and eventually, like little trickles started coming out that that

407
00:19:35,920 --> 00:19:38,160
Speaker 2: kind of like worked for me. I feel like waiting

408
00:19:38,240 --> 00:19:41,280
Speaker 2: until the last minute, like waiting until they're in the hospital,

409
00:19:41,960 --> 00:19:43,960
Speaker 2: you know, in real trouble and you don't know what

410
00:19:44,040 --> 00:19:47,080
Speaker 2: to do. It's probably too late, but maybe like starting soon,

411
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Speaker 2: like around the holidays, even since you're forced to be

412
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Speaker 2: with them, and just like broaching the subject gently and

413
00:19:54,840 --> 00:19:58,520
Speaker 2: trying to see how far you can get what are

414
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Speaker 2: you saying that? Like you you guys, did you talk

415
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Speaker 2: about like power of attorney? No, we have state plan

416
00:20:04,840 --> 00:20:07,399
Speaker 2: and all the people I haven't. I haven't gotten that

417
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Speaker 2: far either.

418
00:20:08,359 --> 00:20:11,439
Speaker 1: Yes, So right now it's just a transition into Okay, mommy,

419
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Speaker 1: you want to be retired because she's not quite a

420
00:20:14,280 --> 00:20:17,040
Speaker 1: retirement age, so like really talking about what does that

421
00:20:17,119 --> 00:20:20,040
Speaker 1: mean and what has to happen? And are you going

422
00:20:20,080 --> 00:20:21,840
Speaker 1: to sell the house? Are you not? So there there's

423
00:20:21,880 --> 00:20:24,040
Speaker 1: that conversation which is a little bit easier, but you're

424
00:20:24,119 --> 00:20:27,240
Speaker 1: right kind of switching over into do you guys have

425
00:20:27,280 --> 00:20:29,400
Speaker 1: a will power? Because my dad is in his seventies

426
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Speaker 1: and my mom is in his sixties or sixties. He

427
00:20:31,320 --> 00:20:34,159
Speaker 1: got him a hot young thing, right, and so you know,

428
00:20:34,240 --> 00:20:36,199
Speaker 1: so just like having that kind of So I told

429
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Speaker 1: my dad, I'm gonna come over this weekend, so let's

430
00:20:38,320 --> 00:20:42,000
Speaker 1: start to begin to have that conversation because you know,

431
00:20:42,320 --> 00:20:45,119
Speaker 1: like my dad, it's somewhere like he's the type that

432
00:20:45,160 --> 00:20:47,000
Speaker 1: he has all of those things, but I don't know

433
00:20:47,040 --> 00:20:49,959
Speaker 1: where they are. He'll have like a folder labeled somewhere

434
00:20:50,080 --> 00:20:52,720
Speaker 1: like in his in his office, you know, and so

435
00:20:53,320 --> 00:20:55,560
Speaker 1: I just you know, I just want to make sure

436
00:20:55,600 --> 00:20:58,920
Speaker 1: that everything I know what's happening. It's not just because

437
00:20:58,960 --> 00:21:01,359
Speaker 1: he's so used to being like, you know, I'm the

438
00:21:01,359 --> 00:21:03,320
Speaker 1: one who's in charge of the family's finances. I have

439
00:21:03,359 --> 00:21:06,600
Speaker 1: everything under control. But you know, there, although there's a

440
00:21:06,640 --> 00:21:09,080
Speaker 1: lot of communication about how we should manage our finances,

441
00:21:09,200 --> 00:21:11,840
Speaker 1: I didn't have a huge window into how theirs were managed,

442
00:21:11,920 --> 00:21:15,320
Speaker 1: you know. So yeah, so it's just interesting kind of

443
00:21:15,359 --> 00:21:18,240
Speaker 1: like sitting at the adult table of money talk, you know.

444
00:21:19,680 --> 00:21:22,080
Speaker 2: Yeah, especially when you have siblings and like you start

445
00:21:22,119 --> 00:21:24,080
Speaker 2: to see who's like to take charge and who's like

446
00:21:24,119 --> 00:21:26,560
Speaker 2: to sit back, you know, doesn't really want to get

447
00:21:26,560 --> 00:21:30,440
Speaker 2: involved aspect, it's a whole other dynamic. Yeah, I know, adulthood.

448
00:21:32,200 --> 00:21:35,520
Speaker 1: So we've had plenty of time for a roundbreak. Well,

449
00:21:35,520 --> 00:21:37,439
Speaker 1: first of all, just so you know, because people have

450
00:21:37,440 --> 00:21:39,720
Speaker 1: been tweeting me, did I cheat on my vegan diet

451
00:21:40,160 --> 00:21:44,920
Speaker 1: or my vegan lifestyle? For the haters out there, did

452
00:21:44,920 --> 00:21:47,560
Speaker 1: I cheat? And the answer is, heck, yeah, I cheated.

453
00:21:47,640 --> 00:21:48,399
Speaker 1: It's Thanksgiving.

454
00:21:48,640 --> 00:21:51,720
Speaker 2: I didn't keep it really, it ain't worth it.

455
00:21:52,480 --> 00:21:54,320
Speaker 1: No, you know what, I didn't cheat with turkey because honestly,

456
00:21:54,359 --> 00:21:56,000
Speaker 1: I'm not a big turkey friand I didn't. I didn't

457
00:21:56,040 --> 00:21:59,159
Speaker 1: cheat with meat. Actually, my sister made she made a

458
00:21:59,240 --> 00:22:03,159
Speaker 1: vegetarian it looked so good. So I had and she's like,

459
00:22:03,200 --> 00:22:05,320
Speaker 1: I didn't use much cheese. So I had a really

460
00:22:05,400 --> 00:22:08,679
Speaker 1: small slice. And let's just say, for two days I

461
00:22:08,760 --> 00:22:12,720
Speaker 1: regretted that small life. Oh yeah it was not yeah

462
00:22:12,880 --> 00:22:14,880
Speaker 1: it was. It wasn't even like she wasn't a super

463
00:22:14,960 --> 00:22:18,240
Speaker 1: cheesy lasign. She only used one type of cheese and sparingly.

464
00:22:18,320 --> 00:22:23,720
Speaker 1: So what my body was like, ma'am, who are you?

465
00:22:24,040 --> 00:22:25,840
Speaker 1: This is not this is not allowed, Like I said

466
00:22:25,840 --> 00:22:27,960
Speaker 1: no meat or anything like that. I even went to

467
00:22:28,040 --> 00:22:31,879
Speaker 1: whole meat would have been easier, probably honestly, but I

468
00:22:31,920 --> 00:22:35,080
Speaker 1: went the Whole Foods and I got a vegan blueberry pie,

469
00:22:35,160 --> 00:22:38,600
Speaker 1: vegan apple pie, vegan ice cream. So I made sure

470
00:22:38,640 --> 00:22:40,560
Speaker 1: that like every house that we went to, I was

471
00:22:40,560 --> 00:22:42,919
Speaker 1: gonna be able to enjoy. But yeah, that was like

472
00:22:42,920 --> 00:22:44,639
Speaker 1: the only little cheese that I was like, I'm gonna

473
00:22:44,640 --> 00:22:46,879
Speaker 1: try it, and then I was like, oh my life

474
00:22:47,000 --> 00:22:50,040
Speaker 1: killed me down. So but yeah, other than that though,

475
00:22:50,080 --> 00:22:51,200
Speaker 1: I stayed pretty good.

476
00:22:51,640 --> 00:22:53,320
Speaker 2: I feel like dairy is the one thing once you

477
00:22:53,359 --> 00:22:56,120
Speaker 2: go back, once you go non dairy, it's so hard.

478
00:22:55,880 --> 00:22:58,159
Speaker 1: To go back it is. I don't even there's no

479
00:22:58,200 --> 00:23:00,199
Speaker 1: way you couldn't pay me the money, because I was like,

480
00:23:00,840 --> 00:23:02,760
Speaker 1: I think that I'm going to die here.

481
00:23:03,320 --> 00:23:06,320
Speaker 2: I start keeping an emergency lactate in your wallet, like

482
00:23:06,400 --> 00:23:07,600
Speaker 2: I do.

483
00:23:07,359 --> 00:23:09,520
Speaker 1: I used to actually have that when I was in college.

484
00:23:09,520 --> 00:23:11,040
Speaker 1: I used to have like the little lactad.

485
00:23:10,800 --> 00:23:12,840
Speaker 2: Too, thirty going on seventy five.

486
00:23:12,920 --> 00:23:26,240
Speaker 1: That's me. Oh, so it's time to boost or break?

487
00:23:28,880 --> 00:23:30,480
Speaker 1: Are you gonna boost that? You gotta break? I'm gonna

488
00:23:30,520 --> 00:23:31,960
Speaker 1: let you go first. I'm still thinking about mine.

489
00:23:32,040 --> 00:23:34,320
Speaker 2: I would love to boost because I know we talked

490
00:23:34,320 --> 00:23:37,360
Speaker 2: about Black Friday before the holiday, and like, I think

491
00:23:37,359 --> 00:23:39,800
Speaker 2: that was your brown break last week, brock Black Friday.

492
00:23:40,400 --> 00:23:42,320
Speaker 2: But this year, this might be the first year where

493
00:23:42,359 --> 00:23:44,800
Speaker 2: I just really looked at the sales online and I

494
00:23:44,800 --> 00:23:48,439
Speaker 2: couldn't even like compel myself to spend the money. I

495
00:23:48,480 --> 00:23:51,080
Speaker 2: just thought I felt so gross and like I don't know,

496
00:23:51,119 --> 00:23:53,199
Speaker 2: like why am I doing this? I was like questioning

497
00:23:53,560 --> 00:23:56,040
Speaker 2: the psychology around it, and I was like, I'm just

498
00:23:56,080 --> 00:23:58,720
Speaker 2: not spending a damn dime. Okay, that's a lie. I

499
00:23:58,760 --> 00:24:01,760
Speaker 2: did buy one thing, but healthy I bought. They had

500
00:24:01,800 --> 00:24:03,879
Speaker 2: a sale on the gym that I go to that

501
00:24:03,920 --> 00:24:05,720
Speaker 2: I do my dance classes. They had a sale on

502
00:24:05,760 --> 00:24:08,600
Speaker 2: a package, so I saved twenty percent off on something

503
00:24:08,640 --> 00:24:11,760
Speaker 2: I would buy anyway. But I digress. So I was

504
00:24:11,800 --> 00:24:14,760
Speaker 2: like really grossed about out about the whole thing. And like,

505
00:24:14,800 --> 00:24:17,840
Speaker 2: my dad went to bust buy, you know, at five

506
00:24:17,880 --> 00:24:20,960
Speaker 2: am Thanksgiving the day after Thanksgiving and like got some

507
00:24:21,080 --> 00:24:23,840
Speaker 2: TV that he did not need. He has two TVs

508
00:24:23,840 --> 00:24:26,760
Speaker 2: in his house. He's one person with one house alone.

509
00:24:27,200 --> 00:24:28,720
Speaker 2: He's like, I don't know, man, it was a good deal.

510
00:24:29,240 --> 00:24:32,120
Speaker 2: So anyway, I got on Facebook today and I had forgotten,

511
00:24:32,119 --> 00:24:35,639
Speaker 2: but it was Giving Tuesday today. Yeah, it's always Giving Tuesday,

512
00:24:35,640 --> 00:24:38,560
Speaker 2: the Tuesday after, you know, Black Friday and Cyber Monday.

513
00:24:38,560 --> 00:24:38,919
Speaker 1: Whatever.

514
00:24:39,880 --> 00:24:42,640
Speaker 2: But Facebook is so dope, Like they added this new

515
00:24:42,680 --> 00:24:47,440
Speaker 2: fundraising feature where you can really easily just start a fundraiser,

516
00:24:47,480 --> 00:24:50,080
Speaker 2: like right on your Facebook page. And I started one

517
00:24:50,119 --> 00:24:52,160
Speaker 2: today and I just raised like two hundred bucks, two

518
00:24:52,200 --> 00:24:55,639
Speaker 2: hundred and twenty three dollars for a charity that I

519
00:24:55,680 --> 00:24:57,400
Speaker 2: really care about. And I was like, I just i'd

520
00:24:57,400 --> 00:24:58,679
Speaker 2: put it up in the morning, and I did what

521
00:24:58,800 --> 00:25:00,199
Speaker 2: I did my work day and I looked at at

522
00:25:00,240 --> 00:25:02,199
Speaker 2: five o'clock and I was like two hundred dollars.

523
00:25:02,440 --> 00:25:03,240
Speaker 1: That's awesome.

524
00:25:03,880 --> 00:25:06,160
Speaker 2: Yeah, my my thing. Shout out to my uncle Jim

525
00:25:06,200 --> 00:25:09,159
Speaker 2: and my mom and my friend Sarah for donating and

526
00:25:09,200 --> 00:25:12,239
Speaker 2: whoever else did it. Yeah, that was dope. So and

527
00:25:12,640 --> 00:25:15,320
Speaker 2: I did look into it. Facebook takes like a cut

528
00:25:15,400 --> 00:25:19,440
Speaker 2: of the donations. Yeah, it's like I forget how much,

529
00:25:19,480 --> 00:25:22,480
Speaker 2: like three to five percent or something like that. But yeah, yeah, yeah,

530
00:25:22,520 --> 00:25:25,480
Speaker 2: which is a bummer. But I also feel like I

531
00:25:25,520 --> 00:25:28,880
Speaker 2: didn't raise, Like I wasn't going to raise two hundred

532
00:25:28,920 --> 00:25:32,639
Speaker 2: dollars easily without you know, in another way. So and

533
00:25:32,680 --> 00:25:35,240
Speaker 2: I actually donated one hundred and three dollars so I

534
00:25:35,280 --> 00:25:40,000
Speaker 2: could cover the three percent credit card transaction vie. I'm

535
00:25:40,000 --> 00:25:42,960
Speaker 2: just assuming there was like a credit card fee. So anyway,

536
00:25:43,280 --> 00:25:46,119
Speaker 2: I just wanted to boost Facebook and boost giving Tuesday.

537
00:25:46,160 --> 00:25:48,920
Speaker 2: You don't have to donate through Facebook, but there's tons

538
00:25:48,920 --> 00:25:51,119
Speaker 2: of great charities out there, and it's tax deductible.

539
00:25:51,760 --> 00:25:56,840
Speaker 1: Yeah, no, that's awesome. I'm going to boost too because

540
00:25:57,240 --> 00:25:59,040
Speaker 1: and did I talk about did I talk about this

541
00:25:59,040 --> 00:26:01,359
Speaker 1: app called headspaced last time?

542
00:26:02,320 --> 00:26:04,560
Speaker 2: Ooh the meditation? No you haven't. I don't think you have.

543
00:26:05,000 --> 00:26:08,320
Speaker 1: So I'm gonna boost it because it is ed rethang,

544
00:26:08,680 --> 00:26:12,600
Speaker 1: not thing, but thang. So shout out to Will Druando.

545
00:26:12,840 --> 00:26:15,840
Speaker 1: He is a he's running for office, but he's part

546
00:26:15,880 --> 00:26:18,679
Speaker 1: of Waves of West African Voltron. And when I was

547
00:26:18,720 --> 00:26:21,800
Speaker 1: at the WAVES summit in Arizona, we were all talking

548
00:26:21,800 --> 00:26:24,800
Speaker 1: about how sometimes we can get very overwhelmed, and he

549
00:26:24,920 --> 00:26:28,840
Speaker 1: said that he uses this app called Headspace, and it

550
00:26:28,920 --> 00:26:31,480
Speaker 1: teaches you how to meditate. And I've always wanted to

551
00:26:31,520 --> 00:26:33,919
Speaker 1: learn how to meditate, and I've taken yoga classes and stuff,

552
00:26:34,880 --> 00:26:37,439
Speaker 1: but I've never quite got the hang of meditation. And

553
00:26:37,440 --> 00:26:39,439
Speaker 1: he was like, oh my gosh. He's like, literally, I

554
00:26:39,560 --> 00:26:42,200
Speaker 1: roll over and I start with that. It's anywhere from

555
00:26:42,200 --> 00:26:44,719
Speaker 1: three to ten minutes, and it's you just and he's say,

556
00:26:44,800 --> 00:26:47,800
Speaker 1: it just helps susset the pace of calmness for the day.

557
00:26:48,160 --> 00:26:49,360
Speaker 1: And so I was like, you know, let me see

558
00:26:49,359 --> 00:26:52,400
Speaker 1: what headspace be about. So for those of you looking

559
00:26:52,400 --> 00:26:54,040
Speaker 1: at for it in your like app store, it's just

560
00:26:54,040 --> 00:26:57,359
Speaker 1: like literally an orange circle Headspace all one word. It

561
00:26:57,520 --> 00:27:00,720
Speaker 1: is everything. The voice of the guy who walks you

562
00:27:00,760 --> 00:27:05,120
Speaker 1: through meditation. His voice is so calmon, it goes really fast.

563
00:27:05,200 --> 00:27:07,679
Speaker 1: It's free. I mean, there's of course some paid paid

564
00:27:08,200 --> 00:27:10,600
Speaker 1: like subscriptions, and stuff that you can do, but to

565
00:27:10,760 --> 00:27:13,760
Speaker 1: use it for the like for the most part, it's free,

566
00:27:13,800 --> 00:27:16,720
Speaker 1: and I'm on the first the first ten days, he

567
00:27:16,840 --> 00:27:18,880
Speaker 1: literally just walking you through how to meditate. So it's

568
00:27:18,920 --> 00:27:22,240
Speaker 1: just three minutes a day and he talks you through, Okay,

569
00:27:22,240 --> 00:27:25,440
Speaker 1: breathe deep, close your eyes now, relax, now your thoughts

570
00:27:25,480 --> 00:27:27,440
Speaker 1: are gonna come. And so there he's walking you through

571
00:27:27,440 --> 00:27:29,360
Speaker 1: and talking to you. So you're just sitting in bed

572
00:27:29,480 --> 00:27:30,919
Speaker 1: or wherever you decide to do it. And I just

573
00:27:30,960 --> 00:27:33,080
Speaker 1: do it in bed. Literally I roll over, sit up,

574
00:27:33,600 --> 00:27:35,760
Speaker 1: and I listen, and then I just like kind of

575
00:27:35,760 --> 00:27:39,199
Speaker 1: go through the exercise with him. Honestly, it's awesome. And

576
00:27:39,240 --> 00:27:41,680
Speaker 1: then after that, like it encouraged me because I don't

577
00:27:41,680 --> 00:27:44,160
Speaker 1: always remember to like pray, so after that it encourage

578
00:27:44,200 --> 00:27:46,880
Speaker 1: me me to be like, okay, straight into prayer now

579
00:27:46,880 --> 00:27:49,120
Speaker 1: that you're in a place of calm, and then into

580
00:27:49,160 --> 00:27:53,399
Speaker 1: the rest of the day. So honestly, I love headspace.

581
00:27:53,560 --> 00:27:57,040
Speaker 1: It's just if you're busy, if you're too busy to meditate,

582
00:27:57,160 --> 00:27:59,000
Speaker 1: you really need to meditate, even more so than the.

583
00:27:59,000 --> 00:28:03,280
Speaker 2: Rest of the I was just thinking, do I meditate

584
00:28:03,320 --> 00:28:05,919
Speaker 2: or do I get an extra five minutes sleep?

585
00:28:06,720 --> 00:28:09,200
Speaker 1: Honestly it's everything. I'm not gonna act like I've done

586
00:28:09,240 --> 00:28:11,000
Speaker 1: it every single day. I would say of the last

587
00:28:11,040 --> 00:28:13,040
Speaker 1: I've done it maybe the last five days, and I

588
00:28:13,760 --> 00:28:16,000
Speaker 1: missed like one or two or something like that. So

589
00:28:16,080 --> 00:28:18,840
Speaker 1: I'm on day five. But I didn't do it consistently.

590
00:28:18,840 --> 00:28:20,280
Speaker 1: Like there was one day that I was like, ugh,

591
00:28:20,800 --> 00:28:22,320
Speaker 1: I just like by the time I got up, I

592
00:28:22,359 --> 00:28:24,439
Speaker 1: was so late. I had to run right into a

593
00:28:24,480 --> 00:28:27,840
Speaker 1: call that was exhausted. But yeah, three minutes. I have

594
00:28:27,920 --> 00:28:29,480
Speaker 1: three minutes. And even if you just want to do

595
00:28:29,480 --> 00:28:30,800
Speaker 1: it laying down in your bed and you're like I

596
00:28:30,800 --> 00:28:33,880
Speaker 1: don't want to sit up, just that like just him

597
00:28:33,920 --> 00:28:37,600
Speaker 1: talking you through, like relaxing. It's just I don't know,

598
00:28:37,640 --> 00:28:51,720
Speaker 1: really calming. It's time for question. Who has questions?

599
00:28:52,240 --> 00:28:54,400
Speaker 2: Wonderful time of the show.

600
00:28:55,960 --> 00:28:57,480
Speaker 1: Yes, I love to answering questions.

601
00:28:57,640 --> 00:29:00,640
Speaker 2: Oh I have a good question. So this question? Does

602
00:29:00,680 --> 00:29:01,600
Speaker 2: she want us to use your name?

603
00:29:01,680 --> 00:29:02,200
Speaker 1: Ebanie?

604
00:29:03,320 --> 00:29:05,360
Speaker 2: Thanks for sending us your question, Ebanie. If you guys

605
00:29:05,360 --> 00:29:08,000
Speaker 2: have a question, you can email us at Brondambition Podcast

606
00:29:08,120 --> 00:29:11,160
Speaker 2: at gmail dot com or check us out at brand

607
00:29:11,200 --> 00:29:15,000
Speaker 2: Ambition podcast dot com. Just hit the ask us anything

608
00:29:15,080 --> 00:29:18,240
Speaker 2: tab to leave a question. So Ebandie has a question

609
00:29:18,320 --> 00:29:21,719
Speaker 2: about business accounts. She says, thanks for the awesome show.

610
00:29:22,040 --> 00:29:25,160
Speaker 2: I'm curious if you have any information about business accounts.

611
00:29:25,240 --> 00:29:27,479
Speaker 2: I went to Magnify money first. Hey, thank you.

612
00:29:27,680 --> 00:29:28,880
Speaker 1: Yeah, how's going to suggest that?

613
00:29:29,120 --> 00:29:32,920
Speaker 2: But I didn't see anything. Yes, I have a pretty

614
00:29:32,920 --> 00:29:35,800
Speaker 2: new business less than six months old that's doing well

615
00:29:35,880 --> 00:29:38,040
Speaker 2: right now. We use PayPal for everything, but we need

616
00:29:38,080 --> 00:29:40,240
Speaker 2: a bank account mainly to have access to our money

617
00:29:40,280 --> 00:29:43,800
Speaker 2: immediately and to receive and send checks one needed. While

618
00:29:43,800 --> 00:29:46,440
Speaker 2: we're making money, we don't normally carry a high balance

619
00:29:46,600 --> 00:29:49,240
Speaker 2: as we are continuing to invest back in the business.

620
00:29:49,680 --> 00:29:51,719
Speaker 2: Should we wait until we can keep a certain balance

621
00:29:51,720 --> 00:29:54,040
Speaker 2: in the bank at all times? Is a business bank

622
00:29:54,040 --> 00:29:57,360
Speaker 2: account really necessary? And if so, do you have any

623
00:29:57,400 --> 00:30:00,200
Speaker 2: suggestions or guidelines on how to pick one?

624
00:30:01,000 --> 00:30:04,160
Speaker 1: Yes? So one. I thought that when you like register

625
00:30:04,240 --> 00:30:06,880
Speaker 1: your LLC. It's been a while, but I thought that

626
00:30:06,960 --> 00:30:10,920
Speaker 1: they kind of made you, like give your business account information,

627
00:30:11,000 --> 00:30:13,240
Speaker 1: like to show you had a business account. I'm not like,

628
00:30:13,320 --> 00:30:15,560
Speaker 1: don't don't quote me on that, but I thought, but

629
00:30:17,440 --> 00:30:22,560
Speaker 1: I have several business accounts. Nerd wallet actually has I

630
00:30:22,560 --> 00:30:24,600
Speaker 1: think that's where I looked like I did my research

631
00:30:24,880 --> 00:30:26,520
Speaker 1: to see did one did I want to have like

632
00:30:26,560 --> 00:30:28,480
Speaker 1: a business account that was kind of like an online

633
00:30:28,960 --> 00:30:30,760
Speaker 1: bank like an ally, or did I want like a

634
00:30:30,760 --> 00:30:32,640
Speaker 1: brick and mortar. So it all depends what kind of

635
00:30:32,680 --> 00:30:35,200
Speaker 1: company you have, but you definitely should have a business

636
00:30:35,200 --> 00:30:38,560
Speaker 1: account because one, it's going to help you during tax time.

637
00:30:39,000 --> 00:30:45,200
Speaker 1: So my CFO for lack of a better word, because

638
00:30:45,600 --> 00:30:47,640
Speaker 1: she like works as a contract worker, so but we'll

639
00:30:47,680 --> 00:30:51,160
Speaker 1: just call her my CFO. She has review access to

640
00:30:51,200 --> 00:30:53,080
Speaker 1: my business account, Like she can't make any transfers or

641
00:30:53,120 --> 00:30:56,000
Speaker 1: take any money out, but she logs in once a

642
00:30:56,040 --> 00:30:59,440
Speaker 1: week and makes a report, so because we do like

643
00:30:59,440 --> 00:31:01,880
Speaker 1: a monthly as well, where it's like this is what

644
00:31:01,920 --> 00:31:04,480
Speaker 1: you spend according to your business account. Because she also

645
00:31:04,600 --> 00:31:09,000
Speaker 1: has access to see my business credit card expenditures and

646
00:31:09,760 --> 00:31:12,040
Speaker 1: this is what you've made. So she sees my deposits

647
00:31:12,080 --> 00:31:14,080
Speaker 1: and she creates a report so I can have like

648
00:31:14,080 --> 00:31:16,440
Speaker 1: a profit and loss statement. So in the beginning, when

649
00:31:16,440 --> 00:31:18,080
Speaker 1: you're first starting, you're just trying to keep your head

650
00:31:18,080 --> 00:31:21,320
Speaker 1: above water. But as your business starts to grow, knowing

651
00:31:22,160 --> 00:31:26,200
Speaker 1: like what the numbers are critical, I mean, like I'm obsessed,

652
00:31:26,280 --> 00:31:28,040
Speaker 1: Like we go over numbers once a week. Most people

653
00:31:28,080 --> 00:31:30,640
Speaker 1: do once a month or every quarter, no, once a week.

654
00:31:30,680 --> 00:31:33,200
Speaker 1: I know my numbers. How much do we make, how

655
00:31:33,280 --> 00:31:36,880
Speaker 1: much did we spend? You know what advertising is working?

656
00:31:37,280 --> 00:31:39,520
Speaker 1: You know, if we spend one hundred thousand advertising but

657
00:31:39,560 --> 00:31:41,239
Speaker 1: we only made sixty bucks, we know we're not going

658
00:31:41,280 --> 00:31:44,160
Speaker 1: to do that ad anymore. So I'm really but the

659
00:31:44,160 --> 00:31:45,959
Speaker 1: only way to kind of keep on top of that

660
00:31:46,040 --> 00:31:49,320
Speaker 1: is your business accounts help to keep a clear record

661
00:31:49,320 --> 00:31:52,480
Speaker 1: of what's happening of the flow of money in your company.

662
00:31:52,760 --> 00:31:55,040
Speaker 1: And PayPal. It's okay to start because we all use

663
00:31:55,080 --> 00:31:57,440
Speaker 1: that at first, but it's time. Like, if you're starting

664
00:31:57,440 --> 00:32:00,240
Speaker 1: to make some money, you know in your business, you

665
00:32:00,360 --> 00:32:03,640
Speaker 1: definitely want to have a business account. So here's what

666
00:32:03,680 --> 00:32:06,760
Speaker 1: you would get. You would get business savings and at

667
00:32:06,840 --> 00:32:10,120
Speaker 1: least one checking account. And this too because you might

668
00:32:10,200 --> 00:32:13,320
Speaker 1: not need to borrow money, but you want to establish

669
00:32:13,400 --> 00:32:16,320
Speaker 1: business credit before you need to borrow money. I would

670
00:32:16,440 --> 00:32:19,160
Speaker 1: highly suggest with that same bank that you apply for

671
00:32:19,320 --> 00:32:23,040
Speaker 1: a business credit card. If you're not able, like the

672
00:32:23,040 --> 00:32:25,320
Speaker 1: bank that I use, I'm not going to mention because honestly,

673
00:32:25,480 --> 00:32:28,280
Speaker 1: I should really switch from them because they're not really like,

674
00:32:28,400 --> 00:32:30,800
Speaker 1: you know, there's nobody's faves, so they're not getting anything

675
00:32:30,840 --> 00:32:33,479
Speaker 1: shine for me. But the bank that I use, I

676
00:32:33,600 --> 00:32:36,120
Speaker 1: was able to apply for a secured business credit card

677
00:32:36,200 --> 00:32:39,680
Speaker 1: because my business did not have was not able to

678
00:32:39,720 --> 00:32:41,560
Speaker 1: get a regular credit card. I got denied, So I

679
00:32:41,600 --> 00:32:44,440
Speaker 1: got a secured card, had it for a year, and

680
00:32:44,480 --> 00:32:46,880
Speaker 1: then they upgraded me to a regular business card even

681
00:32:46,880 --> 00:32:49,120
Speaker 1: though I didn't really need any credit. But I got

682
00:32:49,160 --> 00:32:51,000
Speaker 1: it because I said one day I might, and I

683
00:32:51,040 --> 00:32:53,000
Speaker 1: want to make sure my credit score is strong enough.

684
00:32:53,120 --> 00:32:57,680
Speaker 1: And now I actually use my business credit. So yeah,

685
00:32:57,800 --> 00:32:59,760
Speaker 1: So as far as looking for the best business account too,

686
00:33:00,320 --> 00:33:01,800
Speaker 1: like we don't want to look for one where the

687
00:33:01,840 --> 00:33:03,920
Speaker 1: fee is not super crazy. A lot of times you

688
00:33:03,960 --> 00:33:06,479
Speaker 1: can ask your go to the bank itself if you're

689
00:33:06,480 --> 00:33:09,239
Speaker 1: going to go to a brick and mortar and ask them, like,

690
00:33:09,480 --> 00:33:11,320
Speaker 1: for example, the bank that I use, if I make

691
00:33:11,360 --> 00:33:14,760
Speaker 1: a transfer of at least one hundred dollars a month

692
00:33:15,040 --> 00:33:18,040
Speaker 1: to my business savings from my business, checking my account

693
00:33:18,040 --> 00:33:20,480
Speaker 1: is free, so you can ask, are there things like

694
00:33:20,520 --> 00:33:23,160
Speaker 1: that that you can do? You're wanting something where there's convenience,

695
00:33:23,480 --> 00:33:26,520
Speaker 1: You're also wanting something like I like a physical bank

696
00:33:26,600 --> 00:33:28,160
Speaker 1: so I can go in and talk to like my

697
00:33:28,240 --> 00:33:32,920
Speaker 1: business banker, you're wanting to make sure that you can.

698
00:33:33,080 --> 00:33:36,000
Speaker 1: There's an option to also transfer large lump sums of money.

699
00:33:36,040 --> 00:33:37,400
Speaker 1: So in the beginning it might not seem like a

700
00:33:37,400 --> 00:33:39,520
Speaker 1: big deal, but typically you might not be able to

701
00:33:39,520 --> 00:33:42,040
Speaker 1: transfer more than like five thousand dollars in a day

702
00:33:42,760 --> 00:33:45,280
Speaker 1: with a basic business bank account. But let's just say

703
00:33:45,280 --> 00:33:47,520
Speaker 1: your business grows and you have to make a twenty

704
00:33:47,560 --> 00:33:51,600
Speaker 1: thousand dollars transfer to someone or something or to buy something,

705
00:33:51,880 --> 00:33:55,440
Speaker 1: and you're not able because that bank doesn't have that capability.

706
00:33:55,920 --> 00:33:58,320
Speaker 1: So you want to look into the ability to transfer

707
00:33:58,360 --> 00:34:01,360
Speaker 1: and to receive really large up sums of money because

708
00:34:01,400 --> 00:34:03,360
Speaker 1: you kind of want to stay with that business that

709
00:34:03,520 --> 00:34:04,880
Speaker 1: bank and grow with them.

710
00:34:06,000 --> 00:34:08,319
Speaker 2: Yeah, And if you're looking for just like a really

711
00:34:08,360 --> 00:34:12,400
Speaker 2: easy place to search for business savings and business checking accounts,

712
00:34:12,480 --> 00:34:15,680
Speaker 2: you can start at deposit accounts dot com. It's it's

713
00:34:15,680 --> 00:34:17,439
Speaker 2: a really simple I think I mentioned this site before.

714
00:34:17,480 --> 00:34:20,120
Speaker 2: It's really simple. You can just literally look up business

715
00:34:20,120 --> 00:34:22,880
Speaker 2: savings accounts, business checking accounts, and they have like a

716
00:34:23,040 --> 00:34:25,640
Speaker 2: rebank in the United States, like the little local banks

717
00:34:25,640 --> 00:34:28,120
Speaker 2: that maybe in your area, or like credit unions that

718
00:34:28,239 --> 00:34:33,440
Speaker 2: may offer really good rates over all the other ones. Yeah,

719
00:34:33,920 --> 00:34:36,200
Speaker 2: all I can think of like like you already said,

720
00:34:36,280 --> 00:34:39,319
Speaker 2: was check those monthly fees, like monthly maintenance fees. Yeah,

721
00:34:39,440 --> 00:34:41,839
Speaker 2: like accountmen and mums. But then, like Tiff said, see

722
00:34:41,880 --> 00:34:43,680
Speaker 2: if you can get away from those accountment and mums

723
00:34:43,760 --> 00:34:47,399
Speaker 2: by by meeting some other requirements that they may have.

724
00:34:49,040 --> 00:34:51,279
Speaker 2: But as she's growing, my question is because every most

725
00:34:51,320 --> 00:34:55,560
Speaker 2: bank accounts are only insured FDIC insured up to two

726
00:34:55,600 --> 00:34:57,759
Speaker 2: hundred and fifty thousand dollars. So if your revenue gets

727
00:34:57,760 --> 00:35:00,479
Speaker 2: above that, is that why you might have multiple bank

728
00:35:00,480 --> 00:35:02,840
Speaker 2: accounts or you know, maybe I don't know what do

729
00:35:02,840 --> 00:35:04,920
Speaker 2: you do when you have that much revenue as a

730
00:35:04,920 --> 00:35:05,839
Speaker 2: as a business.

731
00:35:06,200 --> 00:35:10,400
Speaker 1: So I have a I have a uh what is

732
00:35:10,440 --> 00:35:12,640
Speaker 1: it called a payroll account? So I have what I

733
00:35:12,680 --> 00:35:14,799
Speaker 1: call my deposit account. So this is the account that

734
00:35:14,840 --> 00:35:17,800
Speaker 1: when I get paid anything, that's where the money lands.

735
00:35:18,080 --> 00:35:20,040
Speaker 1: So I literally call it the budget lista like because

736
00:35:20,040 --> 00:35:21,880
Speaker 1: you can name your business accounts like you know or

737
00:35:22,239 --> 00:35:24,400
Speaker 1: most banks you can actually name them like online so

738
00:35:24,440 --> 00:35:27,800
Speaker 1: you can visibly see them. So I have budgetista deposit

739
00:35:27,920 --> 00:35:29,799
Speaker 1: knowing any kind of check or any kind of if

740
00:35:29,840 --> 00:35:32,279
Speaker 1: someone says, hey, I want to pay you, ah, that's

741
00:35:32,280 --> 00:35:34,560
Speaker 1: where the money goes for the budgetista, and then I

742
00:35:34,560 --> 00:35:37,759
Speaker 1: also have a budget neist to payroll account. So then

743
00:35:37,800 --> 00:35:39,920
Speaker 1: I transfer some of that money from the deposit account

744
00:35:39,960 --> 00:35:42,200
Speaker 1: into my payroll account so I can make payroll, and

745
00:35:42,239 --> 00:35:45,759
Speaker 1: so I use into it. Like the TurboTax people, they

746
00:35:45,760 --> 00:35:48,520
Speaker 1: have a payroll system and so they pull from that

747
00:35:48,520 --> 00:35:52,000
Speaker 1: account when it's time to pay my staff. And then

748
00:35:52,080 --> 00:35:56,239
Speaker 1: I also have a I've got a posited account, I've

749
00:35:56,239 --> 00:35:58,640
Speaker 1: got payroll. And then of course I have savings because

750
00:35:58,680 --> 00:36:01,160
Speaker 1: you have to set aside money for tax and so

751
00:36:01,280 --> 00:36:06,000
Speaker 1: I actually don't save my tax money at that brick

752
00:36:06,040 --> 00:36:07,920
Speaker 1: and mortar because of the interest rate is terrible. I

753
00:36:07,920 --> 00:36:12,200
Speaker 1: actually save my taxing rate money at ally bank because

754
00:36:12,200 --> 00:36:14,239
Speaker 1: I get a much better interest rate. And so that's

755
00:36:14,239 --> 00:36:16,320
Speaker 1: where I keep the thirty percent of like the gross

756
00:36:16,320 --> 00:36:19,120
Speaker 1: of what we make I or not gross of word,

757
00:36:19,160 --> 00:36:22,200
Speaker 1: I make thirty percent of the net so after our expenses,

758
00:36:22,440 --> 00:36:26,759
Speaker 1: I set aside there so it can grow. Yeah, so

759
00:36:26,800 --> 00:36:30,120
Speaker 1: those are the core ones. Like I said, payroll, your

760
00:36:30,160 --> 00:36:32,040
Speaker 1: deposit account, and then I also have you know what,

761
00:36:32,040 --> 00:36:34,640
Speaker 1: I also have a third business checking account and I

762
00:36:34,640 --> 00:36:37,320
Speaker 1: call it my bill's account, you know. So literally the

763
00:36:37,560 --> 00:36:41,279
Speaker 1: deposit account is just where money lands and it's disseminated.

764
00:36:41,760 --> 00:36:43,760
Speaker 1: So I put some money in my bills account because

765
00:36:43,800 --> 00:36:47,600
Speaker 1: sometimes I like I use infusion Soft, which sends emails

766
00:36:47,600 --> 00:36:50,839
Speaker 1: for me. I use GoDaddy to buy my domain names

767
00:36:50,880 --> 00:36:52,759
Speaker 1: I use. So there's all of these bills that the

768
00:36:52,760 --> 00:36:55,280
Speaker 1: budget needs to have to pay. If I'm ordering books,

769
00:36:55,440 --> 00:36:58,279
Speaker 1: I might use my business credit card, but someone has

770
00:36:58,280 --> 00:36:59,840
Speaker 1: to pay that credit card, and it's that bill's a

771
00:37:00,480 --> 00:37:03,480
Speaker 1: I like to have my money separated. So a deposit account,

772
00:37:03,680 --> 00:37:06,240
Speaker 1: an account specifically to pay my budget, needs to bills.

773
00:37:06,239 --> 00:37:08,960
Speaker 1: An account specifically to pay my budget needs to payroll.

774
00:37:09,080 --> 00:37:10,960
Speaker 1: And the reason why I don't combine the payroll in

775
00:37:11,000 --> 00:37:13,640
Speaker 1: the in the bill's account is because I need to

776
00:37:13,680 --> 00:37:16,400
Speaker 1: know that I can make payroll. So I don't want that,

777
00:37:16,600 --> 00:37:18,440
Speaker 1: you know. Ever, Like in the beginning, you know, I

778
00:37:18,520 --> 00:37:20,680
Speaker 1: used to be tight every every two weeks when I

779
00:37:20,719 --> 00:37:22,799
Speaker 1: was making payroll, like it's going to be a few

780
00:37:22,840 --> 00:37:25,960
Speaker 1: days late, you know. So I'm like, now I can

781
00:37:26,000 --> 00:37:28,600
Speaker 1: look to see I know everyone it's going to be getting.

782
00:37:29,000 --> 00:37:32,839
Speaker 1: Let's just say it's five thousand dollars on the fifteenth collectively,

783
00:37:32,880 --> 00:37:34,840
Speaker 1: that's how much payroll. And I can look at my

784
00:37:34,840 --> 00:37:37,439
Speaker 1: payroll account and say, is there five thousand dollars there

785
00:37:37,719 --> 00:37:39,759
Speaker 1: not like, wait, how much of this is payroll? How

786
00:37:39,840 --> 00:37:42,040
Speaker 1: much of this is bills? How much of this is Nope,

787
00:37:42,360 --> 00:37:44,239
Speaker 1: I like to separate my money. So those are the

788
00:37:44,239 --> 00:37:51,040
Speaker 1: four bills, deposit, payroll, and savings.

789
00:37:51,080 --> 00:37:55,360
Speaker 2: Excellent. That's some great free advice for any small business

790
00:37:55,400 --> 00:37:56,000
Speaker 2: center out there.

791
00:37:56,560 --> 00:37:59,279
Speaker 1: Yes, I'm learning, shry I learning, and when you make

792
00:37:59,280 --> 00:38:01,760
Speaker 1: your transfers, because if you don't have like a bookkeeper

793
00:38:01,800 --> 00:38:05,160
Speaker 1: or anything or something, now, that's fine, but eventually you're

794
00:38:05,160 --> 00:38:06,920
Speaker 1: gonna have to get there when you make your transfers.

795
00:38:06,920 --> 00:38:09,040
Speaker 1: The one thing that saved me when I finally got

796
00:38:09,080 --> 00:38:11,120
Speaker 1: like a CFO to come and help me, is that

797
00:38:11,280 --> 00:38:14,000
Speaker 1: every transfer I made in that memo box, I was

798
00:38:14,160 --> 00:38:17,200
Speaker 1: very clear about why I was making that transfer. So

799
00:38:17,680 --> 00:38:20,120
Speaker 1: when she had to go back and like make my

800
00:38:20,960 --> 00:38:23,840
Speaker 1: create like monthly profit and law statements and all that

801
00:38:23,880 --> 00:38:25,440
Speaker 1: kind of stuff for me, she was able to go

802
00:38:25,480 --> 00:38:28,000
Speaker 1: into my accounts and say literally day by day. It

803
00:38:28,040 --> 00:38:31,520
Speaker 1: took months because I brought her on like halfway through

804
00:38:31,520 --> 00:38:33,719
Speaker 1: the year. She had to go back to January and

805
00:38:33,800 --> 00:38:36,480
Speaker 1: go through each and every transfer and say, okay, Tiffany

806
00:38:36,480 --> 00:38:39,560
Speaker 1: transferred from her deposited account to her bill's account so

807
00:38:39,640 --> 00:38:42,680
Speaker 1: she could pay the effusion soft bill because I would

808
00:38:42,680 --> 00:38:46,200
Speaker 1: write that, so you know, write those things out so

809
00:38:46,239 --> 00:38:49,239
Speaker 1: that way, when you finally get help, folks can really

810
00:38:49,360 --> 00:38:52,640
Speaker 1: understand what's happening in your business, and you can see,

811
00:38:52,920 --> 00:38:55,600
Speaker 1: am I spending a lot to make a little Like

812
00:38:56,000 --> 00:38:58,120
Speaker 1: if there are businesses I know that actually make you know,

813
00:38:59,120 --> 00:39:02,000
Speaker 1: a few million dollars was a year, but they don't

814
00:39:02,040 --> 00:39:03,960
Speaker 1: turn a profit because they spend more than a few

815
00:39:03,960 --> 00:39:06,080
Speaker 1: million dollars a year, And so you want to be

816
00:39:06,120 --> 00:39:08,600
Speaker 1: on top of that. Like, you know, if I'm making

817
00:39:08,640 --> 00:39:11,160
Speaker 1: one hundred thousand dollars a month, how much am I

818
00:39:11,200 --> 00:39:13,920
Speaker 1: spending to make a hundred thousand Because I'm spending ninety

819
00:39:14,320 --> 00:39:16,080
Speaker 1: or I'm spending ninety five, I might as well get

820
00:39:16,120 --> 00:39:19,040
Speaker 1: a regular job, you know, Like there has to be like,

821
00:39:19,080 --> 00:39:22,000
Speaker 1: you know, your numbers are so critical. I think people

822
00:39:22,120 --> 00:39:25,720
Speaker 1: underestimate how important it is. Like I am a numbers

823
00:39:25,760 --> 00:39:27,919
Speaker 1: fanatic when it comes to that, because I'm like, I'm

824
00:39:27,960 --> 00:39:30,920
Speaker 1: not going to make you know, fifteen hundred dollars a

825
00:39:30,920 --> 00:39:32,680
Speaker 1: month or twenty two thousand or whatever I made as

826
00:39:32,719 --> 00:39:35,200
Speaker 1: a teacher, I might as well go back as less stress.

827
00:39:35,400 --> 00:39:37,520
Speaker 1: I might as well go back to teaching, Like, no, no, no,

828
00:39:37,680 --> 00:39:39,600
Speaker 1: at least I'm not in the beginning. I'm talking about

829
00:39:39,640 --> 00:39:42,080
Speaker 1: like five year ten, and I'm still not turning much

830
00:39:42,080 --> 00:39:43,919
Speaker 1: of a profit. I'm like, what is really happening here?

831
00:39:44,160 --> 00:39:46,360
Speaker 1: So I'm definitely in the beginning. It's definitely always tight.

832
00:39:46,200 --> 00:39:51,560
Speaker 2: Though, absolutely, come on, you want to go back to

833
00:39:51,600 --> 00:39:52,520
Speaker 2: being preschool teacher?

834
00:39:53,000 --> 00:39:55,160
Speaker 1: No, I always say that only when everybody gets on

835
00:39:55,200 --> 00:39:57,960
Speaker 1: my nerves and I'm like, I hate everybody. Everyone could go. Actually,

836
00:39:58,280 --> 00:40:00,560
Speaker 1: my team is honestly awesome. When I say get on

837
00:40:00,560 --> 00:40:02,719
Speaker 1: my nerves, I'm talking about like partners and stuff like that,

838
00:40:02,840 --> 00:40:06,200
Speaker 1: or people with unrealistic expectations.

839
00:40:05,600 --> 00:40:08,360
Speaker 2: Or it's them or twenty five screaming tellers.

840
00:40:08,840 --> 00:40:11,480
Speaker 1: Yeah, exactly. And then I'm like, you know what, actually,

841
00:40:13,760 --> 00:40:15,000
Speaker 1: because first of all, you have to get up a

842
00:40:15,040 --> 00:40:16,440
Speaker 1: certain time. Then I just go see my niece and

843
00:40:16,480 --> 00:40:18,719
Speaker 1: my nephew and I get, you know, like the oh,

844
00:40:18,840 --> 00:40:21,160
Speaker 1: the fun part of like being a teacher out of

845
00:40:21,239 --> 00:40:22,680
Speaker 1: the way. And then I'm like, yeah, I don't want

846
00:40:22,719 --> 00:40:24,799
Speaker 1: to go back to that, but it could be can

847
00:40:24,880 --> 00:40:28,279
Speaker 1: be stressful. Like I was just thinking the other day,

848
00:40:28,320 --> 00:40:30,319
Speaker 1: I'm like, is there such thing as passive income? Like

849
00:40:30,400 --> 00:40:32,560
Speaker 1: really I posted that. I'm like, I feel like it's

850
00:40:32,560 --> 00:40:36,839
Speaker 1: a lie, a lie because even though there are some

851
00:40:36,880 --> 00:40:38,560
Speaker 1: things I don't have to put as much work into,

852
00:40:39,280 --> 00:40:42,359
Speaker 1: this still works. So I'm like, what is passive income really? Like?

853
00:40:42,920 --> 00:40:44,960
Speaker 1: Is there such thing as one hundred percent passive income?

854
00:40:46,000 --> 00:40:48,120
Speaker 2: I don't think there is, Honestly, I think that it's

855
00:40:48,120 --> 00:40:51,520
Speaker 2: like the snake oil of entrepreneurialism. I don't know. It's

856
00:40:51,640 --> 00:40:54,560
Speaker 2: like everyone loves to talk about it, and like I

857
00:40:54,560 --> 00:40:56,879
Speaker 2: think a lot of people make money off telling people

858
00:40:56,880 --> 00:40:59,799
Speaker 2: that the how that make passive income, But I don't know.

859
00:41:00,040 --> 00:41:01,840
Speaker 2: I feel like the best passive income is if you

860
00:41:01,920 --> 00:41:04,200
Speaker 2: invest slowly in over a long period of time and

861
00:41:04,239 --> 00:41:07,040
Speaker 2: you're just making money off your money. Like that, to

862
00:41:07,080 --> 00:41:08,879
Speaker 2: me is the kind of passive income that I want,

863
00:41:08,920 --> 00:41:10,600
Speaker 2: The money that I'm making off the money that I

864
00:41:10,600 --> 00:41:12,840
Speaker 2: worked hard to earn and safe.

865
00:41:13,120 --> 00:41:14,640
Speaker 1: Yeah, yeah, exactly.

866
00:41:14,719 --> 00:41:16,960
Speaker 2: And if you're Oprah and like I don't know, you

867
00:41:17,040 --> 00:41:20,440
Speaker 2: poop and money, like you make a million dollars.

868
00:41:20,440 --> 00:41:23,760
Speaker 1: And even then, like I was thinking, like somebody was saying, like, oh, Rihanna,

869
00:41:24,320 --> 00:41:26,480
Speaker 1: Rihanna is like totally past, and I'm like, yeah, but

870
00:41:26,520 --> 00:41:30,880
Speaker 1: if Rihanna doesn't stay hot and viable, you know, like viable.

871
00:41:31,280 --> 00:41:33,919
Speaker 1: Like then even though like let's just say, people will

872
00:41:33,920 --> 00:41:37,160
Speaker 1: buy her stuff. But if Rihanna is not hot and popping,

873
00:41:37,239 --> 00:41:40,319
Speaker 1: like look at Sierra, remember like that she was like

874
00:41:40,360 --> 00:41:42,040
Speaker 1: a hip hop kind of like artist.

875
00:41:42,200 --> 00:41:47,840
Speaker 2: Oh I know, poor Sierra. Yes, I remember Sierra is anymore,

876
00:41:49,520 --> 00:41:51,040
Speaker 2: She's one of the last ones I remember.

877
00:41:52,040 --> 00:41:54,000
Speaker 1: Oh no, But it's just that at one point, I

878
00:41:54,000 --> 00:41:56,520
Speaker 1: remember people were saying Sierra was like the new new Beyonce.

879
00:41:56,680 --> 00:42:00,319
Speaker 1: She was like, you know, really really amazing. Yeah, people

880
00:42:00,360 --> 00:42:04,239
Speaker 1: were saying that, and so with but you know, like

881
00:42:04,680 --> 00:42:06,600
Speaker 1: not to say here obviously it isn't broke, but I'm

882
00:42:06,640 --> 00:42:09,160
Speaker 1: saying all that to say that, like, it's still work

883
00:42:09,320 --> 00:42:11,960
Speaker 1: to keep yourself top of mind even if things are

884
00:42:12,000 --> 00:42:14,520
Speaker 1: kind of selling well, like, for example, my books sell

885
00:42:14,640 --> 00:42:15,880
Speaker 1: and I don't you don't really, I don't know that

886
00:42:15,920 --> 00:42:17,560
Speaker 1: you'll ever really see me on social media say buy

887
00:42:17,560 --> 00:42:19,640
Speaker 1: my book, buy my book. That's not what I do.

888
00:42:19,800 --> 00:42:21,759
Speaker 1: But the way my books sell is that I have

889
00:42:21,880 --> 00:42:24,560
Speaker 1: to do the work to keep top of mind. Yeah,

890
00:42:24,600 --> 00:42:26,440
Speaker 1: you know, and so even though people are like your

891
00:42:26,480 --> 00:42:30,920
Speaker 1: books are passive, yes, because they do buy people buy them,

892
00:42:30,960 --> 00:42:33,000
Speaker 1: but they only buy them because oh you saw me

893
00:42:33,040 --> 00:42:35,120
Speaker 1: on that show or you saw my live. Oh you're

894
00:42:35,120 --> 00:42:37,680
Speaker 1: a dream catcher, you've taken the challenge. And all of

895
00:42:37,719 --> 00:42:41,560
Speaker 1: these things I do to like continuously remind folks like, hey,

896
00:42:42,280 --> 00:42:44,879
Speaker 1: you know, you know I'm an I'm you know, I'm

897
00:42:44,880 --> 00:42:45,960
Speaker 1: an expert in this field.

898
00:42:46,080 --> 00:42:49,400
Speaker 2: And so yes, there's the difference between passive income and

899
00:42:49,440 --> 00:42:52,879
Speaker 2: easy money. Like your mistake passive income for easy money,

900
00:42:52,920 --> 00:42:56,600
Speaker 2: because it's not. It's time and effort to like set

901
00:42:56,680 --> 00:42:58,759
Speaker 2: up those passive income streams and then step away and

902
00:42:58,800 --> 00:43:01,160
Speaker 2: have some kind of like work. Yeah, I get it.

903
00:43:01,760 --> 00:43:04,399
Speaker 1: Yeah. So I just was like, because actually I met

904
00:43:04,400 --> 00:43:07,640
Speaker 1: a young man. Have you heard of the brand Inclusive?

905
00:43:08,640 --> 00:43:10,160
Speaker 2: No? Is it a brand?

906
00:43:10,520 --> 00:43:14,439
Speaker 1: Well, it's a it's a company. So there a young

907
00:43:14,480 --> 00:43:17,600
Speaker 1: guy man named Rohan. Uh. He's like a serial entrepreneur.

908
00:43:17,640 --> 00:43:20,160
Speaker 1: I can't remember his last name. But he tried to

909
00:43:20,200 --> 00:43:25,080
Speaker 1: book a stay with Airbnb and found that he was

910
00:43:25,120 --> 00:43:27,760
Speaker 1: not able to until he switched out his profile picture

911
00:43:27,840 --> 00:43:31,520
Speaker 1: of someone who was not brown, and then he yes,

912
00:43:31,600 --> 00:43:34,200
Speaker 1: and then he was instantly booked. And then he realized, wow,

913
00:43:34,840 --> 00:43:37,960
Speaker 1: there's an issue because Airbnb forces you to like use

914
00:43:38,080 --> 00:43:39,640
Speaker 1: like you have to show proof of who you are

915
00:43:40,680 --> 00:43:42,680
Speaker 1: which you know, which is which is not a bad thing,

916
00:43:42,760 --> 00:43:44,479
Speaker 1: but they fed they you know, I never thought about

917
00:43:44,520 --> 00:43:47,560
Speaker 1: that that people were being turned away because they were

918
00:43:47,600 --> 00:43:52,000
Speaker 1: black or brown. And so he's a serial entrepreneur and

919
00:43:52,000 --> 00:43:53,920
Speaker 1: he was like, wow, this is a real problem because

920
00:43:54,040 --> 00:43:55,600
Speaker 1: he posted it. I remember, he's part of this No

921
00:43:55,680 --> 00:43:57,160
Speaker 1: Madness mad and we had you know, we had a

922
00:43:57,200 --> 00:44:00,640
Speaker 1: veta on he's part of that group and he mentioned

923
00:44:00,680 --> 00:44:02,880
Speaker 1: it was like, are you guys having trouble booking? And

924
00:44:03,000 --> 00:44:04,839
Speaker 1: especially some of the guys were like, you know what.

925
00:44:04,920 --> 00:44:06,919
Speaker 1: I did notice that, but I thought, well, maybe they're

926
00:44:07,000 --> 00:44:09,440
Speaker 1: full or whatever. And then but then when like my

927
00:44:09,560 --> 00:44:13,160
Speaker 1: friend who was white, you know, tried, you know, tried,

928
00:44:13,400 --> 00:44:16,000
Speaker 1: they got, you know, a response, and I'm like wow.

929
00:44:16,360 --> 00:44:20,080
Speaker 1: So as a result, he actually started his own, uh

930
00:44:20,400 --> 00:44:24,680
Speaker 1: part of like home share company called Inclusive get it

931
00:44:24,719 --> 00:44:28,759
Speaker 1: like inclusive but the end but anyway, yes, but it's

932
00:44:28,800 --> 00:44:30,440
Speaker 1: doing dope. He was already telling me it's already in

933
00:44:30,440 --> 00:44:31,880
Speaker 1: the first six months, already six figures.

934
00:44:32,320 --> 00:44:35,600
Speaker 2: Well, is this what kicked off the Airbnb while black?

935
00:44:36,040 --> 00:44:38,880
Speaker 1: Yes movement, like way back when. Okay, yeah, so I

936
00:44:38,880 --> 00:44:40,880
Speaker 1: don't know that he kicked it off, but this is

937
00:44:40,960 --> 00:44:43,560
Speaker 1: as part of a result of what happened. So one

938
00:44:43,600 --> 00:44:45,799
Speaker 1: of the things that came out of that Airbnb wile

939
00:44:45,840 --> 00:44:49,760
Speaker 1: Black was inclusive, and it's actually doing really well because

940
00:44:49,800 --> 00:44:53,800
Speaker 1: and then it actually prompted Airbnb to try to put

941
00:44:53,840 --> 00:44:57,080
Speaker 1: in some I guess some I don't know, some some

942
00:44:57,160 --> 00:44:59,799
Speaker 1: firewalls and some things that they could do to protect folks,

943
00:44:59,840 --> 00:45:02,280
Speaker 1: but from what I've heard, it hasn't been as helpful

944
00:45:02,360 --> 00:45:06,080
Speaker 1: as as they would have liked, you know. And so yeah,

945
00:45:06,239 --> 00:45:08,960
Speaker 1: it's just like it's so he was on he actually

946
00:45:09,000 --> 00:45:11,359
Speaker 1: hit me up on like my page when I said

947
00:45:11,360 --> 00:45:13,319
Speaker 1: there's no such thing as passive income, and he said,

948
00:45:13,320 --> 00:45:15,320
Speaker 1: that's not true. I have two companies that are passiving,

949
00:45:15,680 --> 00:45:18,640
Speaker 1: like literally one hundred cent passive, like not that someone's

950
00:45:18,640 --> 00:45:20,280
Speaker 1: not doing the work. But he was like, I've handed

951
00:45:20,280 --> 00:45:22,200
Speaker 1: over the keys. One of them is like a maid

952
00:45:22,280 --> 00:45:25,000
Speaker 1: service cleaning company, and another one of them is like

953
00:45:25,600 --> 00:45:29,319
Speaker 1: a systems company where he is really good at tech

954
00:45:29,360 --> 00:45:31,960
Speaker 1: and building systems and people buy those systems. And so

955
00:45:32,200 --> 00:45:34,280
Speaker 1: he's like, I don't literally do anything except for collect

956
00:45:34,280 --> 00:45:37,680
Speaker 1: the money every month, and I was like, lies, you tall.

957
00:45:37,840 --> 00:45:39,919
Speaker 1: So actually I'm having a conversation with him soon because

958
00:45:39,920 --> 00:45:42,160
Speaker 1: I thought that was interesting like, well, what does that

959
00:45:42,239 --> 00:45:44,600
Speaker 1: kind of look like passive income? I know we are

960
00:45:44,600 --> 00:45:46,200
Speaker 1: all like off topic, but I'm like, does anybody have

961
00:45:46,200 --> 00:45:46,800
Speaker 1: a question? No?

962
00:45:47,400 --> 00:45:49,680
Speaker 2: No, no, I mean we're done with questions. That's interesting.

963
00:45:49,800 --> 00:45:51,960
Speaker 2: Oh so he used to be Noir B and B

964
00:45:52,120 --> 00:45:55,319
Speaker 2: I remember, remember? Okay, yeah, yeah, he just yeah, he

965
00:45:55,400 --> 00:45:58,440
Speaker 2: changed the name to Inclusive. That's cool, But that reminds

966
00:45:58,440 --> 00:46:00,960
Speaker 2: me of like, so look at Shonda Rye how she

967
00:46:01,200 --> 00:46:04,440
Speaker 2: started Gray's Anatomy and then she eventually handed over the

968
00:46:04,520 --> 00:46:06,319
Speaker 2: keys to Gray's Anatomy and then went on to do

969
00:46:06,360 --> 00:46:09,160
Speaker 2: Scandal and like how to do it with Murder and

970
00:46:09,200 --> 00:46:11,359
Speaker 2: like her other shows and endeavors, And I guess that's

971
00:46:11,400 --> 00:46:14,440
Speaker 2: sort of like the general concept like if you or

972
00:46:14,560 --> 00:46:16,920
Speaker 2: like the concept of like someone who starts one business

973
00:46:16,920 --> 00:46:19,680
Speaker 2: and then goes on to do another business, but like, really,

974
00:46:19,760 --> 00:46:21,000
Speaker 2: how much work do you?

975
00:46:21,160 --> 00:46:21,279
Speaker 1: Like?

976
00:46:21,320 --> 00:46:23,719
Speaker 2: How much less work are you doing even though you've

977
00:46:23,719 --> 00:46:25,560
Speaker 2: handed over the keys, Like I imagine you have to

978
00:46:25,600 --> 00:46:27,640
Speaker 2: go back and check on them and make sure that

979
00:46:27,680 --> 00:46:29,960
Speaker 2: they're not you know, burning the house down and like

980
00:46:30,040 --> 00:46:33,279
Speaker 2: ruining what you started and that kind of thing, just

981
00:46:33,320 --> 00:46:35,680
Speaker 2: like if you like bought a rental property and then

982
00:46:35,719 --> 00:46:37,319
Speaker 2: rented it out you still have to go check in

983
00:46:37,400 --> 00:46:40,280
Speaker 2: and make sure that they're literally not burning the house down.

984
00:46:40,480 --> 00:46:43,120
Speaker 1: Exactly, and so and that guess what he's saying is

985
00:46:43,120 --> 00:46:45,600
Speaker 1: that he's got the system down. And after really talking

986
00:46:45,600 --> 00:46:47,280
Speaker 1: to him, like we spoke a little bit and actually

987
00:46:47,280 --> 00:46:50,560
Speaker 1: he's actually gonna come and do a lesson inside the

988
00:46:50,680 --> 00:46:54,680
Speaker 1: inside my livature Academy because he builds his first business

989
00:46:54,719 --> 00:46:56,480
Speaker 1: because he lost his job and was like, how am

990
00:46:56,480 --> 00:46:58,680
Speaker 1: I going to pay this mortgage? And so he's been

991
00:46:58,719 --> 00:47:01,760
Speaker 1: building like in his business is six and seven figures.

992
00:47:01,760 --> 00:47:03,600
Speaker 1: He's got like four or five of them, and inclusive

993
00:47:03,680 --> 00:47:05,799
Speaker 1: is one of his newest ones. And it's just been

994
00:47:05,840 --> 00:47:09,319
Speaker 1: fascinating because they're not you know, especially when you think

995
00:47:09,320 --> 00:47:13,120
Speaker 1: of women and entrepreneurship. Typically businesses are an extension of

996
00:47:13,120 --> 00:47:15,879
Speaker 1: our passion, right, But no, he's like, no, I just

997
00:47:16,000 --> 00:47:21,440
Speaker 1: you know, I was like I looked studied different like

998
00:47:21,880 --> 00:47:26,320
Speaker 1: different landscapes to see what, you know, what what was missing,

999
00:47:26,600 --> 00:47:28,880
Speaker 1: and so he was like the first business, I was like, oh, okay,

1000
00:47:28,920 --> 00:47:31,400
Speaker 1: I'll start a maid company, and then I'll start this,

1001
00:47:31,440 --> 00:47:33,239
Speaker 1: and I'll start that. So that all his businesses are

1002
00:47:33,239 --> 00:47:36,960
Speaker 1: pretty random, but they all do really well because he's

1003
00:47:37,160 --> 00:47:40,120
Speaker 1: really good at building systems and you know, and I

1004
00:47:40,160 --> 00:47:41,640
Speaker 1: was just really impressed because he was like, I have

1005
00:47:41,680 --> 00:47:44,520
Speaker 1: two passive companies, and he posted it on my Facebook page,

1006
00:47:44,520 --> 00:47:46,400
Speaker 1: and you know, I went to look and honestly, I

1007
00:47:46,440 --> 00:47:48,960
Speaker 1: was like, wait a minute, I'm gonna send my mom this.

1008
00:47:49,480 --> 00:47:51,080
Speaker 1: I forget what it's called, like I need a maid.

1009
00:47:51,160 --> 00:47:54,440
Speaker 1: I'm like, what this is awesome where basically it connects

1010
00:47:54,480 --> 00:47:56,640
Speaker 1: you with local people in your area that could be

1011
00:47:56,800 --> 00:47:59,879
Speaker 1: like that would plan your house or your office too.

1012
00:48:00,120 --> 00:48:02,000
Speaker 2: We need to have him on the show for real.

1013
00:48:02,200 --> 00:48:04,960
Speaker 1: Honestly, I was like, and honestly, he's so down to

1014
00:48:05,000 --> 00:48:07,280
Speaker 1: airth and chill, but I was like, uh, I actually

1015
00:48:07,320 --> 00:48:08,960
Speaker 1: want to use one of your companies because I'm like,

1016
00:48:08,960 --> 00:48:11,279
Speaker 1: my mom wants to have someone to clean their house,

1017
00:48:11,320 --> 00:48:13,479
Speaker 1: and I've been promising I was going to find her someone.

1018
00:48:13,480 --> 00:48:16,400
Speaker 1: Now I don't have to. She can just find it

1019
00:48:16,440 --> 00:48:18,200
Speaker 1: and we can me and the sisters can pay for it.

1020
00:48:18,280 --> 00:48:20,920
Speaker 2: You know, Let's do the Passive income Debate show.

1021
00:48:21,600 --> 00:48:23,440
Speaker 1: Yes, let's do that. We could definitely have him on.

1022
00:48:23,600 --> 00:48:25,600
Speaker 1: And just even talking about inclusive, I think that I

1023
00:48:25,719 --> 00:48:29,080
Speaker 1: love to talk to other entrepreneurs and like their how

1024
00:48:29,160 --> 00:48:30,960
Speaker 1: and their why and like you know how they make

1025
00:48:31,000 --> 00:48:34,840
Speaker 1: things happen. Everyone's kind of different, which is great because

1026
00:48:34,840 --> 00:48:38,879
Speaker 1: it's nice to hear different stories, like how people kind

1027
00:48:38,920 --> 00:48:41,120
Speaker 1: of what success looks like for them and how they

1028
00:48:41,600 --> 00:48:44,000
Speaker 1: achieve it. You know, he seems so down to earth.

1029
00:48:44,040 --> 00:48:46,600
Speaker 1: I'm like, wait, you have like three seven figure businesses?

1030
00:48:46,640 --> 00:48:49,600
Speaker 1: Wait what what? And like the last four years his

1031
00:48:49,680 --> 00:48:54,759
Speaker 1: businesses have grossed ten million dollars. I'm like that's incredible, sir.

1032
00:48:55,440 --> 00:49:00,600
Speaker 1: He's like, yeah, you know. I'm like, wait, literally wrote him,

1033
00:49:00,640 --> 00:49:01,839
Speaker 1: I said, how are we not friends in real life?

1034
00:49:01,840 --> 00:49:02,439
Speaker 1: Where do you live?

1035
00:49:03,640 --> 00:49:05,440
Speaker 2: All right, well, you work on that. Let's get him

1036
00:49:05,440 --> 00:49:06,440
Speaker 2: on the show. That'll be awesome.

1037
00:49:06,960 --> 00:49:09,600
Speaker 1: Yea say okay, Rohan Yilkins, We're gonna have you on

1038
00:49:09,600 --> 00:49:09,919
Speaker 1: the show.

1039
00:49:18,320 --> 00:49:22,880
Speaker 2: I'm gonna tell you. Okay, how about some Wiens on

1040
00:49:22,960 --> 00:49:24,960
Speaker 2: this weynesday.

1041
00:49:24,560 --> 00:49:29,680
Speaker 1: Weil Mom, you go first, Okay? Easy.

1042
00:49:30,400 --> 00:49:32,279
Speaker 2: So I need to give a win because I have been.

1043
00:49:32,600 --> 00:49:33,680
Speaker 1: I always love.

1044
00:49:33,600 --> 00:49:36,040
Speaker 2: Jennifer Lewis and you don't even like you maybe not

1045
00:49:36,200 --> 00:49:39,200
Speaker 2: know Jennifer Lewis's name if you're like, I don't know younger,

1046
00:49:39,760 --> 00:49:42,600
Speaker 2: but if you watch any black movie from like I

1047
00:49:42,640 --> 00:49:44,640
Speaker 2: don't know the beginning of Time till like now, she's

1048
00:49:44,640 --> 00:49:47,040
Speaker 2: probably been in one of those movies as someone's mom

1049
00:49:47,239 --> 00:49:50,799
Speaker 2: or like the sassy aunt Jennifer Lewis. She's like right now,

1050
00:49:50,840 --> 00:49:54,160
Speaker 2: she plays Grandma Ruby on Blackish. She is just like

1051
00:49:54,280 --> 00:49:57,919
Speaker 2: black history, black fabulousness. And she has this book coming

1052
00:49:57,920 --> 00:50:00,799
Speaker 2: out or it's already out, called The Mother of Black Hollywood,

1053
00:50:01,200 --> 00:50:04,360
Speaker 2: and I had the audiobook and I haven't started listening

1054
00:50:04,400 --> 00:50:06,840
Speaker 2: to it yet, but she's been like interviewed on a

1055
00:50:06,840 --> 00:50:10,040
Speaker 2: bunch of podcasts and she is like so hilarious and

1056
00:50:10,120 --> 00:50:12,480
Speaker 2: so real, and I just want to give my win

1057
00:50:12,600 --> 00:50:15,640
Speaker 2: to her because like the I love how she said

1058
00:50:15,680 --> 00:50:18,160
Speaker 2: in one interview, She's like, I don't need to make money.

1059
00:50:18,280 --> 00:50:20,200
Speaker 2: I've been on like all these different shows. I have

1060
00:50:20,239 --> 00:50:22,280
Speaker 2: so much money. I'm not doing this book for money.

1061
00:50:22,640 --> 00:50:26,480
Speaker 2: But the reason I'm doing it is because of my struggle,

1062
00:50:26,600 --> 00:50:30,239
Speaker 2: lifelong struggle with bipolarism, and how when she was like

1063
00:50:30,239 --> 00:50:33,680
Speaker 2: a young actress in her twenties and late twenties to

1064
00:50:33,719 --> 00:50:36,880
Speaker 2: her thirties, she really didn't want to get help, she

1065
00:50:36,920 --> 00:50:39,960
Speaker 2: didn't want to admit that she needed help, and eventually

1066
00:50:40,000 --> 00:50:42,160
Speaker 2: she went and saw a therapist and she's been getting

1067
00:50:42,160 --> 00:50:45,480
Speaker 2: helped through therapy all this time and so that's part

1068
00:50:45,520 --> 00:50:47,440
Speaker 2: of the reason, one of the biggest reasons she's wrote

1069
00:50:47,440 --> 00:50:49,759
Speaker 2: this book is to talk about that journey and to

1070
00:50:50,120 --> 00:50:52,880
Speaker 2: you know, break that myth in black communities that like

1071
00:50:52,960 --> 00:50:56,560
Speaker 2: mental health care is not a real illness. It is

1072
00:50:56,600 --> 00:50:59,239
Speaker 2: like not a real thing that needs to be diagnosed.

1073
00:51:00,120 --> 00:51:04,239
Speaker 2: Is just a fucking badass. I love badass hilarious, you know,

1074
00:51:04,320 --> 00:51:08,239
Speaker 2: Jennifer Lewis, right. Yeah, Okay, so it's called The Mother

1075
00:51:08,360 --> 00:51:10,920
Speaker 2: of Black Hollywood. Let me get the I'll put a

1076
00:51:10,920 --> 00:51:14,120
Speaker 2: link in the in the in the show notes. But

1077
00:51:14,160 --> 00:51:15,640
Speaker 2: I can't wait to listen. I feel like that's slave

1078
00:51:15,680 --> 00:51:16,920
Speaker 2: made the perfect audiobook for me.

1079
00:51:17,880 --> 00:51:22,279
Speaker 1: Oh, I haven't done an audio bick in years. You know, audiobooks.

1080
00:51:22,320 --> 00:51:25,040
Speaker 2: It's the it's the og podcast. What are you talking about?

1081
00:51:25,360 --> 00:51:27,000
Speaker 1: Yeah, I know, right, you know. I used to like

1082
00:51:27,000 --> 00:51:29,640
Speaker 1: as a kid, actually, like I was a huge reader

1083
00:51:29,640 --> 00:51:31,360
Speaker 1: as a kid, Like even when sleeping, I was like,

1084
00:51:31,360 --> 00:51:33,400
Speaker 1: I need to read something, so I would listen. I

1085
00:51:33,400 --> 00:51:36,200
Speaker 1: would get cassettes from the library and then I would

1086
00:51:36,200 --> 00:51:37,920
Speaker 1: put them in like my little cassette player, and I

1087
00:51:37,920 --> 00:51:40,400
Speaker 1: would go to sleep listening to like my favorite stories

1088
00:51:41,360 --> 00:51:43,040
Speaker 1: and so but I have not listened.

1089
00:51:43,960 --> 00:51:48,640
Speaker 2: You do you know if I can't sleep, audiobook is

1090
00:51:48,680 --> 00:51:51,760
Speaker 2: the or like like a slow podcast, you know, something

1091
00:51:51,800 --> 00:51:54,160
Speaker 2: I don't care about but I've listened to already or

1092
00:51:54,200 --> 00:51:57,000
Speaker 2: something yes, perfect, right.

1093
00:51:56,920 --> 00:51:59,799
Speaker 1: That is a good one. So my wind is going

1094
00:51:59,800 --> 00:52:02,160
Speaker 1: out too. So for those of you who don't know,

1095
00:52:02,239 --> 00:52:05,560
Speaker 1: I'm actually creating a children's book series called Molly Moore

1096
00:52:05,880 --> 00:52:07,839
Speaker 1: because I really want to teach, Like, now, you know

1097
00:52:08,280 --> 00:52:11,520
Speaker 1: we're over here making sure grown women have their money together,

1098
00:52:11,640 --> 00:52:14,799
Speaker 1: and I said, well, it begins in childhood, so I

1099
00:52:14,840 --> 00:52:17,719
Speaker 1: really want to teach starting with three year olds. So

1100
00:52:18,239 --> 00:52:20,359
Speaker 1: the series will be from for three to six year

1101
00:52:20,400 --> 00:52:22,719
Speaker 1: olds to start to teach them what I call pre

1102
00:52:22,800 --> 00:52:25,640
Speaker 1: financial lesson. So not necessarily this is a dollar but

1103
00:52:26,120 --> 00:52:29,719
Speaker 1: sharing community being of service, like the foundations that you

1104
00:52:29,800 --> 00:52:33,680
Speaker 1: need for a strong financial mindset, right and that are

1105
00:52:33,760 --> 00:52:37,319
Speaker 1: age appropriate. And so the character, his name is Molly Moore.

1106
00:52:38,000 --> 00:52:43,760
Speaker 1: And so I've been looking for a publisher and because

1107
00:52:43,800 --> 00:52:46,840
Speaker 1: I published my other books self published them through Amazon.

1108
00:52:47,360 --> 00:52:52,600
Speaker 1: And Amazon is a loan shark. No they're not a

1109
00:52:52,640 --> 00:52:54,839
Speaker 1: loan shark, but they're like the worst. Honestly, everybody turn around.

1110
00:52:54,880 --> 00:52:56,640
Speaker 1: Amazon is taking more and more of your money. So

1111
00:52:56,680 --> 00:52:59,160
Speaker 1: you're like, so I'm writing the book and basically you're

1112
00:52:59,200 --> 00:53:01,040
Speaker 1: just getting everything and get nothing, Like what does that

1113
00:53:01,080 --> 00:53:04,279
Speaker 1: even mean? So, yeah, I'm sick of Amazon. Although my

1114
00:53:04,320 --> 00:53:07,520
Speaker 1: other books do well, still like they're taking more and

1115
00:53:07,520 --> 00:53:10,640
Speaker 1: more money. I'll give you an example. Amazon just changed

1116
00:53:10,640 --> 00:53:13,479
Speaker 1: the rules where if you self published through create Space,

1117
00:53:13,520 --> 00:53:15,919
Speaker 1: which is their self publishing arm, you used to get

1118
00:53:15,920 --> 00:53:18,919
Speaker 1: seventy percent, and then if somebody bought it on create Space,

1119
00:53:18,920 --> 00:53:20,440
Speaker 1: you would get your seventy, but if somebody bought it

1120
00:53:20,440 --> 00:53:22,920
Speaker 1: on Amazon, you would get like forty or fifty or

1121
00:53:22,920 --> 00:53:26,040
Speaker 1: whatever percent, something to that effect. So now, because they

1122
00:53:26,200 --> 00:53:28,319
Speaker 1: like to make it easier for the author, they're not

1123
00:53:28,360 --> 00:53:30,319
Speaker 1: going to let you sell to create Space anymore and

1124
00:53:30,360 --> 00:53:33,359
Speaker 1: get your seventy because it's better for the author. They're

1125
00:53:33,400 --> 00:53:35,360
Speaker 1: going to just sell it via Amazon. And I was

1126
00:53:35,480 --> 00:53:37,440
Speaker 1: like why, So they actually called I don't know if

1127
00:53:37,440 --> 00:53:39,360
Speaker 1: they called all the authors, but they called me. We

1128
00:53:39,680 --> 00:53:41,120
Speaker 1: just want to let you know about the update, so

1129
00:53:41,160 --> 00:53:43,279
Speaker 1: it's easier for you. I said, cut the crap. I

1130
00:53:43,280 --> 00:53:44,759
Speaker 1: literally told the guy that I'm like, I noticed on

1131
00:53:44,800 --> 00:53:47,160
Speaker 1: you personally, but cut the crap. This is not easier

1132
00:53:47,200 --> 00:53:48,880
Speaker 1: for me. I have an audience. They will buy on

1133
00:53:48,960 --> 00:53:52,000
Speaker 1: create Space they don't care that it's not Amazon that

1134
00:53:52,040 --> 00:53:54,440
Speaker 1: they're buying on. They trust because they know it's me.

1135
00:53:54,719 --> 00:53:57,560
Speaker 1: You're taking more of a percentage. Like honestly, I was like,

1136
00:53:58,080 --> 00:54:01,080
Speaker 1: having this call is insulting. I think I'm stupid that

1137
00:54:01,160 --> 00:54:03,799
Speaker 1: you take a huge cut by not selling it through

1138
00:54:03,840 --> 00:54:07,319
Speaker 1: create Space anymore. And he was quiet. I was like, Okay, bye.

1139
00:54:08,360 --> 00:54:11,799
Speaker 1: So my wind though, is this publishing company called wise Inc.

1140
00:54:11,880 --> 00:54:15,080
Speaker 1: A friend of mine, Lovey of Awesomely Lovey Like, I

1141
00:54:14,560 --> 00:54:16,440
Speaker 1: had reached out to her and was like, oh, I

1142
00:54:16,440 --> 00:54:20,320
Speaker 1: don't want to publish my children's book through grubby, greedy Amazon.

1143
00:54:21,320 --> 00:54:23,000
Speaker 1: Is there Like, do you know any options? And she

1144
00:54:23,120 --> 00:54:24,680
Speaker 1: was like if I didn't, because the Lovey has a

1145
00:54:24,960 --> 00:54:27,400
Speaker 1: New York Times bestseller And she said, if I did

1146
00:54:27,480 --> 00:54:30,759
Speaker 1: not publish through my traditional publisher, I was considering this

1147
00:54:31,040 --> 00:54:34,280
Speaker 1: company called Wyse Inc. And when I say this company

1148
00:54:34,360 --> 00:54:38,200
Speaker 1: is like the best thing since sliced freaking bread and

1149
00:54:38,360 --> 00:54:43,040
Speaker 1: vegan cheese that actually melts, you know they are First

1150
00:54:43,040 --> 00:54:44,920
Speaker 1: of all, it's run by a black woman whoop woop,

1151
00:54:44,920 --> 00:54:47,319
Speaker 1: and her whole team is like of Sister Girls for

1152
00:54:47,360 --> 00:54:50,759
Speaker 1: the most part, and they believe in the mission of

1153
00:54:50,840 --> 00:54:53,160
Speaker 1: Sister Girls and those of but not just Sister Girls.

1154
00:54:53,200 --> 00:54:55,840
Speaker 1: They have other books, but especially like our Books for

1155
00:54:55,880 --> 00:55:00,279
Speaker 1: our Women, And they're just so dope because one, they're

1156
00:55:00,280 --> 00:55:04,440
Speaker 1: a perfect middle ground between a traditional publisher who owns

1157
00:55:04,480 --> 00:55:07,759
Speaker 1: your rights and pays you royalty and self publishing, where

1158
00:55:07,760 --> 00:55:10,120
Speaker 1: you own everything but you pay for everything. They're the

1159
00:55:10,160 --> 00:55:12,799
Speaker 1: perfect middle ground in that you own your rights, but

1160
00:55:12,840 --> 00:55:16,120
Speaker 1: they will help you print and distribute. So that alone

1161
00:55:16,200 --> 00:55:18,000
Speaker 1: is amazing, cause that was my big thing, like, no

1162
00:55:18,200 --> 00:55:20,120
Speaker 1: one's going to own my book but me. That's why

1163
00:55:20,160 --> 00:55:23,320
Speaker 1: I self publish. And so they were like, yes, you

1164
00:55:23,480 --> 00:55:26,719
Speaker 1: keep your rights, but the part about self publishing is

1165
00:55:26,760 --> 00:55:28,640
Speaker 1: that you have to figure out now who's going to

1166
00:55:28,680 --> 00:55:30,719
Speaker 1: print it, who's going to ship it. They help you

1167
00:55:30,760 --> 00:55:32,640
Speaker 1: with that, and what I really love is that they

1168
00:55:32,640 --> 00:55:34,359
Speaker 1: don't get a piece Because I was like, well what

1169
00:55:34,400 --> 00:55:37,399
Speaker 1: about my royalty? She's like, there are no royalties. You

1170
00:55:37,440 --> 00:55:39,759
Speaker 1: own the book and I was like wait what, So like,

1171
00:55:39,800 --> 00:55:43,000
Speaker 1: whatever I sell it for, it's mine. Mine is printing

1172
00:55:43,040 --> 00:55:45,760
Speaker 1: and shipping. Well really mine is printing because the shipping

1173
00:55:45,800 --> 00:55:48,400
Speaker 1: is paid for by the customer. And I was like, what,

1174
00:55:48,880 --> 00:55:51,000
Speaker 1: so there's none of this Amazon, I take your seventy

1175
00:55:51,040 --> 00:55:53,879
Speaker 1: thirty one hundred thousand percent. I own it. So if

1176
00:55:53,880 --> 00:55:55,880
Speaker 1: I sell a book, a children's book's run from fifteen

1177
00:55:55,880 --> 00:55:58,479
Speaker 1: to twenty five dollars. If I sell a children's book

1178
00:55:58,520 --> 00:56:03,080
Speaker 1: for fifteen dollars and shipping and printing itself costs five dollars,

1179
00:56:03,120 --> 00:56:06,439
Speaker 1: I get my ten, not ten minus their cut, which

1180
00:56:06,480 --> 00:56:09,279
Speaker 1: I think is awesome. And it's a children's book. And

1181
00:56:09,600 --> 00:56:12,720
Speaker 1: Amazon doesn't do hard copy as far as self publishing,

1182
00:56:12,800 --> 00:56:17,480
Speaker 1: and so this company does hard copy. They actually have children.

1183
00:56:17,800 --> 00:56:20,480
Speaker 1: They have educators on staff to help make sure that

1184
00:56:20,520 --> 00:56:24,279
Speaker 1: your book is concise and it reads well. They have

1185
00:56:24,320 --> 00:56:26,400
Speaker 1: book designers because just because you have an illustrator, they

1186
00:56:26,440 --> 00:56:29,000
Speaker 1: have an illustrator too, but you alsually have to typeset

1187
00:56:29,040 --> 00:56:30,799
Speaker 1: the book to make sure that the fond is right.

1188
00:56:31,000 --> 00:56:35,120
Speaker 1: I mean, they have everything, and for the price, it's incredible.

1189
00:56:35,160 --> 00:56:38,200
Speaker 1: I just want to give. And just speaking to the

1190
00:56:38,280 --> 00:56:41,400
Speaker 1: young woman Danielle who's gonna be my project manager, she's

1191
00:56:41,680 --> 00:56:44,960
Speaker 1: so excited and so awesome. She's like Tiffany, I'm a DreamCatcher.

1192
00:56:45,239 --> 00:56:47,600
Speaker 1: I want to to see Molly Moore in the hands

1193
00:56:47,640 --> 00:56:50,399
Speaker 1: of beautiful brown girls and non brown girls learning about

1194
00:56:50,440 --> 00:56:52,960
Speaker 1: personal finance in a way that's age appropriate. She's just

1195
00:56:53,000 --> 00:56:55,360
Speaker 1: as excited as me. And she told me that the

1196
00:56:55,640 --> 00:57:00,360
Speaker 1: co founder, like she and I have similar passion for

1197
00:57:00,480 --> 00:57:04,160
Speaker 1: wanting to shift, so wanting to shift like the demograph

1198
00:57:04,280 --> 00:57:06,319
Speaker 1: or it's really to shift like a culture. So she

1199
00:57:06,400 --> 00:57:09,959
Speaker 1: wants to shift how books are and authors are able

1200
00:57:10,000 --> 00:57:12,840
Speaker 1: to get their books out there. And so it's honestly,

1201
00:57:13,320 --> 00:57:16,600
Speaker 1: I'm just like wise, you guys are like my bff.

1202
00:57:16,680 --> 00:57:18,200
Speaker 1: So I just want to give a win for them

1203
00:57:18,240 --> 00:57:21,880
Speaker 1: for creating such an awesome company that honors the author

1204
00:57:22,480 --> 00:57:24,840
Speaker 1: is of service but still makes money. So you can

1205
00:57:24,920 --> 00:57:26,080
Speaker 1: do that.

1206
00:57:26,080 --> 00:57:27,720
Speaker 2: That's my big How do they make money?

1207
00:57:27,760 --> 00:57:30,800
Speaker 1: Sorry, So they're big things. So they make money by

1208
00:57:30,840 --> 00:57:33,200
Speaker 1: the service provided. So let's just say I didn't have

1209
00:57:33,240 --> 00:57:37,240
Speaker 1: an illustrator, I would pay for an illustrator through them.

1210
00:57:37,560 --> 00:57:39,240
Speaker 1: They have a book designer, and like if I don't

1211
00:57:39,240 --> 00:57:40,520
Speaker 1: have a book designer, That's one of the things me

1212
00:57:40,520 --> 00:57:42,720
Speaker 1: and my illustrator talked about, Like I could draw the pictures,

1213
00:57:42,920 --> 00:57:45,840
Speaker 1: but who's going to actually put the pictures on the

1214
00:57:45,880 --> 00:57:47,640
Speaker 1: page in a certain way with the words and all

1215
00:57:47,640 --> 00:57:49,840
Speaker 1: that kind of stuff. And so they have a book designer.

1216
00:57:49,840 --> 00:57:51,440
Speaker 1: So I'm going to pay for that service, although I

1217
00:57:51,440 --> 00:57:54,600
Speaker 1: don't have to if I had my own. They also

1218
00:57:54,760 --> 00:57:57,440
Speaker 1: are going to create like a marketing strategy. If I

1219
00:57:57,480 --> 00:57:59,360
Speaker 1: didn't want that, I could be like now, but I do.

1220
00:57:59,440 --> 00:58:01,800
Speaker 1: I want to work together to create a marketing strategy.

1221
00:58:01,880 --> 00:58:04,040
Speaker 1: So they have all of these components that you can

1222
00:58:04,120 --> 00:58:06,560
Speaker 1: pay for if you so choose, like I'm gonna pay

1223
00:58:06,560 --> 00:58:09,400
Speaker 1: for the marketing strategy, I'm going to pay for the distributor.

1224
00:58:10,400 --> 00:58:14,080
Speaker 1: I'm paying for the printing through them. So they just

1225
00:58:14,240 --> 00:58:17,120
Speaker 1: how they make their money is the services. Some services

1226
00:58:17,160 --> 00:58:19,680
Speaker 1: are non negotiable, like you, if you're going to work

1227
00:58:19,680 --> 00:58:22,240
Speaker 1: with them, they have to print and distribute for you, obviously,

1228
00:58:22,280 --> 00:58:24,880
Speaker 1: because that's that's the purpose. But everything else is basically

1229
00:58:25,080 --> 00:58:27,200
Speaker 1: you could kind of pull in and out. So I'm

1230
00:58:27,200 --> 00:58:30,040
Speaker 1: probably gonna end up spending on the Maxie, she said. Basically,

1231
00:58:30,120 --> 00:58:32,040
Speaker 1: if I wanted everything the Roll's voice of it all,

1232
00:58:32,320 --> 00:58:34,800
Speaker 1: it's like maybe twelve thousand dollars. But because I have

1233
00:58:34,880 --> 00:58:37,000
Speaker 1: a lot of the things, I'm probably gonna spend closer

1234
00:58:37,040 --> 00:58:40,800
Speaker 1: to four, which is awesome because you don't know how

1235
00:58:40,880 --> 00:58:43,240
Speaker 1: much I spent on other books before before I figured

1236
00:58:43,240 --> 00:58:44,760
Speaker 1: it out. When she told me that, I'm like, that's

1237
00:58:44,800 --> 00:58:48,080
Speaker 1: an amazing price for all that I'm going to get,

1238
00:58:48,120 --> 00:58:55,280
Speaker 1: like I said, marketing book, design editing, like checking for

1239
00:58:55,720 --> 00:58:57,760
Speaker 1: because when you're writing a chilchre's book, there's certain things

1240
00:58:57,760 --> 00:59:01,080
Speaker 1: that you have to have. Submitting you for awards, there's

1241
00:59:01,080 --> 00:59:04,000
Speaker 1: so many things like uploading your book to every platform

1242
00:59:04,280 --> 00:59:06,160
Speaker 1: so you can pick like I still want to be

1243
00:59:06,200 --> 00:59:09,120
Speaker 1: uploaded to create space and iBook and all the other stuff.

1244
00:59:09,120 --> 00:59:11,080
Speaker 1: So uploading that for you, I can do that myself,

1245
00:59:11,400 --> 00:59:13,760
Speaker 1: but like looking at the price, because they break down

1246
00:59:13,760 --> 00:59:15,480
Speaker 1: the price and how many hours it's going to take

1247
00:59:15,840 --> 00:59:17,600
Speaker 1: and how much it is per hour and what that

1248
00:59:17,640 --> 00:59:19,280
Speaker 1: total cost is. It's worth it to me to have

1249
00:59:19,320 --> 00:59:21,000
Speaker 1: them do it because it takes a little minute for

1250
00:59:21,000 --> 00:59:22,880
Speaker 1: me to do that on my own. So yeah, they

1251
00:59:23,280 --> 00:59:26,640
Speaker 1: make their money off of those fees, not off of

1252
00:59:26,800 --> 00:59:31,160
Speaker 1: each of your individual book sales. Cool. Yeah, yeah, So

1253
00:59:31,160 --> 00:59:32,680
Speaker 1: if you ever like, like, you know, I want to

1254
00:59:32,720 --> 00:59:35,840
Speaker 1: write a book, but you know, I don't know if

1255
00:59:35,840 --> 00:59:38,240
Speaker 1: I want to go traditional, but I definitely don't want

1256
00:59:38,280 --> 00:59:40,360
Speaker 1: to do it all on my own, then you have

1257
00:59:40,440 --> 00:59:43,600
Speaker 1: this option of wise Ink and they don't take just everybody.

1258
00:59:43,600 --> 00:59:44,960
Speaker 1: You have to kind of like they have to make

1259
00:59:45,000 --> 00:59:47,360
Speaker 1: sure that it's a fit. Obviously, they're not like printing

1260
00:59:47,480 --> 00:59:50,320
Speaker 1: like porn or whatever, but whatever, no judgment to porn,

1261
00:59:50,320 --> 00:59:53,360
Speaker 1: because you know it has a place. But I'm just saying,

1262
00:59:53,360 --> 00:59:54,360
Speaker 1: not that wising.

1263
00:59:56,120 --> 01:00:01,000
Speaker 2: A gosh, I can't wait. What's the name of the

1264
01:00:01,000 --> 01:00:02,560
Speaker 2: book again, So the.

1265
01:00:02,520 --> 01:00:05,760
Speaker 1: First book for the Molly Moore series is called Happy Birthday.

1266
01:00:05,520 --> 01:00:11,080
Speaker 2: Molly Moore Molly More Cute, cut Cute, can't wait. I'm

1267
01:00:11,120 --> 01:00:13,760
Speaker 2: rapping up them nieces and nephews and babies for you.

1268
01:00:14,840 --> 01:00:17,360
Speaker 2: I'll be like, I'll buy ten wrap the bat well.

1269
01:00:17,480 --> 01:00:20,000
Speaker 1: I'm so you have no idea. Maybe I'm so excited

1270
01:00:20,040 --> 01:00:21,520
Speaker 1: because it's just like, oh my gosh, I get to

1271
01:00:21,560 --> 01:00:23,920
Speaker 1: talk to the babies and teach them, like you know,

1272
01:00:24,040 --> 01:00:26,240
Speaker 1: to not make the mistakes that their parents did, and

1273
01:00:26,320 --> 01:00:28,160
Speaker 1: just to teach, like you know, these pure lessons of

1274
01:00:28,280 --> 01:00:31,520
Speaker 1: like how to be of service, how to share, like

1275
01:00:31,600 --> 01:00:33,400
Speaker 1: you know, and then the hard lessons like like you know,

1276
01:00:33,600 --> 01:00:35,560
Speaker 1: like if you don't share. In one of the books,

1277
01:00:35,600 --> 01:00:37,480
Speaker 1: it's like, well, Molly doesn't have any friends right now,

1278
01:00:37,480 --> 01:00:40,040
Speaker 1: because don't nobody likes selfish little Molly. Of course it

1279
01:00:40,080 --> 01:00:42,360
Speaker 1: doesn't read like that, but you get the lessons and

1280
01:00:42,400 --> 01:00:45,160
Speaker 1: at the end of each book. Because most parents are

1281
01:00:45,160 --> 01:00:48,240
Speaker 1: not teachers, I do an extension where I say, here's

1282
01:00:48,280 --> 01:00:50,520
Speaker 1: an extension of the lesson, here's questions you can ask,

1283
01:00:50,720 --> 01:00:53,320
Speaker 1: and here are two activities you can do to extend

1284
01:00:53,360 --> 01:00:56,080
Speaker 1: the core lesson and even defining what the lesson is

1285
01:00:56,080 --> 01:00:57,960
Speaker 1: for you in this book, Like the lesson in this

1286
01:00:58,000 --> 01:01:00,520
Speaker 1: book is to teach your child how to count, how

1287
01:01:00,600 --> 01:01:03,800
Speaker 1: to express themselves when it comes to sharing, and how

1288
01:01:03,840 --> 01:01:05,800
Speaker 1: to identify ways that they could be of service to

1289
01:01:05,880 --> 01:01:08,040
Speaker 1: their community. You know what I mean. So it's really

1290
01:01:08,080 --> 01:01:10,320
Speaker 1: important to me. This is not just a feel good book.

1291
01:01:10,520 --> 01:01:11,680
Speaker 1: These are going to be books that are going to

1292
01:01:11,720 --> 01:01:14,680
Speaker 1: allow parents to be financial educators in their own home.

1293
01:01:16,960 --> 01:01:21,280
Speaker 2: Excellent, Yes, love, I can feel the passion. It's gonna

1294
01:01:21,280 --> 01:01:28,280
Speaker 2: be final. I'm passionate about just as an outro Harry

1295
01:01:28,280 --> 01:01:33,520
Speaker 2: and Megan Marco. Come on, I had to make a decision.

1296
01:01:33,520 --> 01:01:34,960
Speaker 2: Am I going to geek out about it because I

1297
01:01:35,000 --> 01:01:36,880
Speaker 2: didn't geek out about Kate? Or am I not going

1298
01:01:36,880 --> 01:01:39,240
Speaker 2: to geek out? And we have to geek out like

1299
01:01:39,280 --> 01:01:45,480
Speaker 2: the first mixed race, multi racial American princess duchess?

1300
01:01:45,520 --> 01:01:47,760
Speaker 1: Why does it? I think she's the Duchess, But whatever,

1301
01:01:47,800 --> 01:01:49,240
Speaker 1: we're Americans, so we don't know. So we just call

1302
01:01:49,280 --> 01:01:50,560
Speaker 1: her a princess's the prince.

1303
01:01:51,480 --> 01:01:54,280
Speaker 2: They're so cute. Just I'm like, I'm shipping for it.

1304
01:01:54,280 --> 01:01:56,120
Speaker 2: I'm here, I'm here for it. I'm going to follow.

1305
01:01:56,600 --> 01:01:59,240
Speaker 2: I'm going to be on the live stream. I'm committed.

1306
01:01:59,720 --> 01:02:01,760
Speaker 1: Did you see her mom with the locks? I said,

1307
01:02:01,760 --> 01:02:05,440
Speaker 1: if you don't come through. So there was a picture

1308
01:02:05,440 --> 01:02:08,280
Speaker 1: of like her mom, her and Harry and her mom

1309
01:02:08,320 --> 01:02:11,920
Speaker 1: had like locks. I said, yes, natural system. She's just

1310
01:02:12,000 --> 01:02:14,120
Speaker 1: looking at your Like the memes that were created from

1311
01:02:14,120 --> 01:02:15,600
Speaker 1: the picture of her lifes, they're like, look at her

1312
01:02:15,640 --> 01:02:17,720
Speaker 1: mom looking and set it off for her child.

1313
01:02:19,440 --> 01:02:22,480
Speaker 2: Hopefully all the nasty racist crap that they had to

1314
01:02:22,600 --> 01:02:25,000
Speaker 2: endure when they first got together as over and people

1315
01:02:25,000 --> 01:02:28,080
Speaker 2: would just embrace them because they just look so happy.

1316
01:02:28,320 --> 01:02:31,240
Speaker 1: Yeah, honestly they do. Somebody was like, we knew Harry

1317
01:02:31,240 --> 01:02:32,040
Speaker 1: wanted a little.

1318
01:02:31,840 --> 01:02:35,640
Speaker 2: Coco, right, you always come on, he wasn't gonna settle

1319
01:02:35,680 --> 01:02:39,480
Speaker 2: for some like regular British crumpet. I'm just offending everybody

1320
01:02:39,480 --> 01:02:42,320
Speaker 2: who knows anybody, so