WEBVTT - Ep. 164 — Your Burning 2019 Tax Questions: Answered 0:00:15.800 --> 0:00:21.200 Hey, hey, hey, we're back. We're brown, we're black. We 0:00:21.200 --> 0:00:22.840 see I switch to order up a little bit. I'm 0:00:22.840 --> 0:00:31.640 Tiffany and this is brown Ambition, Round Ambition. Yes. Oh, honestly, 0:00:31.840 --> 0:00:33.680 the people love us, Mandy, Do you realize that? 0:00:34.280 --> 0:00:35.479 Uh no, but tell me. 0:00:36.640 --> 0:00:40.840 I spoke at two places this past weekend. I spoke 0:00:40.880 --> 0:00:43.680 at Black Women Talk Tech, which was really done on 0:00:43.760 --> 0:00:47.279 fire with honestly engagements. I don't know what's happening. It's 0:00:47.280 --> 0:00:48.879 like my name is on the list somewhere and they're like, 0:00:48.920 --> 0:00:51.640 go get her, and I'm like, what really me? But 0:00:52.800 --> 0:00:54.920 so I spoke there, and then I also spoke at 0:00:55.520 --> 0:00:57.480 I flew to Vegas for a day to speak at 0:00:57.480 --> 0:01:00.120 a Black enterprise has this annual conference that's really so 0:01:00.640 --> 0:01:03.880 call Women of Power, and it's so amazing. But when 0:01:03.920 --> 0:01:06.399 I tell you, people are like, oh my god, I 0:01:06.400 --> 0:01:08.040 love your podcast. I love your podcast. Oh my god, 0:01:08.040 --> 0:01:09.680 coll Madie, I said, hi, oh my god, and I'm 0:01:09.720 --> 0:01:13.200 like wow. Before it used to be like, you know, 0:01:13.480 --> 0:01:17.000 like you know one in one and four and then 0:01:17.080 --> 0:01:19.080 one and two. Now everybody will run down. They're like, 0:01:19.080 --> 0:01:20.280 oh my god, I love the ba Janie Stead, Oh 0:01:20.319 --> 0:01:21.840 my god, I love brand A Bishen and I'm a 0:01:21.920 --> 0:01:24.000 dream catcher. It's like they have to check off the list, 0:01:24.040 --> 0:01:26.160 but Brand Ambish is always on my list. Now. 0:01:26.240 --> 0:01:28.520 I love that, you know what I love. And this 0:01:28.560 --> 0:01:30.840 is when you know, like when you're you know, my 0:01:30.880 --> 0:01:34.400 little brother is like so cool, like so cool. He 0:01:34.560 --> 0:01:37.240 is five years younger than me and just cooler than 0:01:37.240 --> 0:01:40.240 me and every other single way. But his friends when 0:01:40.280 --> 0:01:42.640 they like he he just started a book club because 0:01:42.640 --> 0:01:44.520 he's trying to, you know, stay woke with it. And 0:01:45.080 --> 0:01:47.160 he had his first book club meeting and he was like, 0:01:47.200 --> 0:01:49.240 one person found out that you're my sister, and then 0:01:49.280 --> 0:01:51.040 we just talked about that the whole time. 0:01:51.320 --> 0:01:53.920 I love that you favorite. Yeah. 0:01:53.960 --> 0:01:56.120 I was like, ooh when when my friend when his 0:01:56.240 --> 0:01:59.400 friends know me, then he's that's when he pays attention. 0:01:59.440 --> 0:02:01.639 And he's like, oh, but that podcast that you're doing, 0:02:02.400 --> 0:02:04.040 yeah relegit. 0:02:05.120 --> 0:02:06.080 Yeah that's awesome. 0:02:06.200 --> 0:02:07.320 Oh that's so great though. 0:02:07.360 --> 0:02:07.560 Yeah. 0:02:07.600 --> 0:02:09.799 The love is the love is mutual. You guys, I 0:02:09.800 --> 0:02:12.239 still can't believe you've been at this for nearly four years. 0:02:12.800 --> 0:02:15.959 I know, it's it's like a it's a it's past 0:02:16.000 --> 0:02:18.760 toddler stage. We are officially in preschool. 0:02:18.800 --> 0:02:22.000 And the people still love it, So that's exciting all 0:02:22.040 --> 0:02:25.480 the traveling. I'm trying to plan a little spring, little 0:02:25.480 --> 0:02:29.079 spring break kind of vacation for myself. I need. I realized. 0:02:29.080 --> 0:02:31.000 I don't think I've taken a proper vacation in a while, 0:02:31.080 --> 0:02:32.120 so it is high time. 0:02:32.680 --> 0:02:33.720 What are you thinking about going? 0:02:34.280 --> 0:02:37.360 I was looking at Charleston because you know, I have 0:02:37.400 --> 0:02:40.200 a soft spot for a soft spot for Savannah, Georgia. 0:02:40.280 --> 0:02:42.880 I got married there. I'm from Georgia. I love Savannah, 0:02:42.880 --> 0:02:45.359 but people are always throwing shade and saying that Charleston 0:02:45.440 --> 0:02:48.600 is better than Savannah, and I just feel like I 0:02:48.639 --> 0:02:50.079 need to figure it out. I need to find out 0:02:50.080 --> 0:02:50.480 for real. 0:02:50.760 --> 0:02:53.200 So yeah, well, first of all, you already know I 0:02:53.240 --> 0:02:55.040 love Savannah. I was so happy when you got married there. 0:02:55.040 --> 0:02:59.280 I was like, yes tooper like my favorite American cities, 0:02:59.360 --> 0:03:04.359 And I'm Charleston this weekend. No way? Yeah, well cause 0:03:04.400 --> 0:03:06.720 I so I'm speaking at south By Southwest and I 0:03:06.760 --> 0:03:09.200 link tomorrow in Austin, and then I'm speaking at this 0:03:09.840 --> 0:03:15.639 Black Expo, Black and Financial Empowerment Expo, and it's in Charleston. 0:03:15.680 --> 0:03:17.400 And I didn't even realize because sometimes I want to 0:03:17.400 --> 0:03:19.040 look at my schedule till a couple of days before. 0:03:19.560 --> 0:03:22.000 And I've always wanted to go to Charleston because, like you, 0:03:22.160 --> 0:03:25.280 I freaking love Savannah. So now I'm excited. I'm like, yes, 0:03:25.680 --> 0:03:29.359 I love old houses. I cannot wait to see Charleston. 0:03:29.760 --> 0:03:31.480 Oh okay, Well you find out where all the good 0:03:31.480 --> 0:03:33.799 food spots are and then let me know, because that's 0:03:33.800 --> 0:03:35.760 half Once. Once I'm planning a vacation. Now I'm just 0:03:35.760 --> 0:03:37.880 getting so I'll just get tired, just like sitting down 0:03:37.920 --> 0:03:39.920 to planet, like where are we going to stay? What 0:03:40.000 --> 0:03:41.400 are we going to eat? I just wish someone would 0:03:41.400 --> 0:03:43.920 do it for me. So you do their research and 0:03:43.960 --> 0:03:44.600 then you know. 0:03:46.360 --> 0:03:48.760 I'm honestly and I'm like a very touristy tourist, you know, 0:03:49.120 --> 0:03:50.960 the first time I go to someplace, like I'm the 0:03:50.960 --> 0:03:53.240 types of like, no, I want to know the torsty places. 0:03:53.360 --> 0:03:55.280 I want to take a picture next to the big Fork, 0:03:55.760 --> 0:03:57.040 and I want to you know, like I want to 0:03:57.040 --> 0:03:59.760 do all of those things. So I definitely will. 0:03:59.640 --> 0:04:02.040 There's a thing wrong with that. I'll whip the selfie 0:04:02.040 --> 0:04:02.520 stick out. 0:04:03.160 --> 0:04:06.240 But yeah, that's crazy, I'm not doing that. 0:04:06.240 --> 0:04:08.280 That's like, that's that's the one silver lining of the 0:04:08.320 --> 0:04:10.720 house spending is that We've built up enough points that 0:04:10.720 --> 0:04:13.480 we don't have to pay for airfare, and I love 0:04:14.000 --> 0:04:16.200 like the East Coast cities. It's just you know, in essence, 0:04:16.200 --> 0:04:19.080 we're in New York. It's it's really cheap to fly 0:04:19.880 --> 0:04:21.680 to some of these towns on the East Coast. So 0:04:21.720 --> 0:04:24.279 that's why we tend to stick closer to home. But 0:04:24.680 --> 0:04:26.760 looking forward to it, got to figure out what we're 0:04:26.760 --> 0:04:30.760 gonna do with Molly, I know, Walker, Oh and shout 0:04:30.760 --> 0:04:32.880 out to the listener who sent me a sweet she 0:04:32.920 --> 0:04:34.480 called me Molly. She's like, I have a message for 0:04:34.560 --> 0:04:39.920 Molly's mom. Real talk. I am walking around this house 0:04:39.920 --> 0:04:42.120 saying things. I'm like, I am turning into my mother 0:04:42.440 --> 0:04:44.400 or not my mother, but like a like a stern 0:04:44.520 --> 0:04:47.360 pre k teacher, is how I sound. I am just 0:04:47.440 --> 0:04:50.559 like no, ma'am, No, ma'am. We do not bark, ma'am, 0:04:51.279 --> 0:04:53.680 just like we don't. We don't ask for food like that, 0:04:53.760 --> 0:04:55.960 miss ma'am. 0:04:56.279 --> 0:05:00.960 Who am icho tea? I means like very well done, 0:05:01.760 --> 0:05:03.000 because you know you like you don't want these the 0:05:03.040 --> 0:05:04.160 herts boys, but you want to. 0:05:04.080 --> 0:05:06.400 Be firm, and we do not bark like that. 0:05:07.920 --> 0:05:09.839 But oh bye, you don't have food. 0:05:11.200 --> 0:05:13.040 One of our listeners shouted out because I was. I 0:05:13.080 --> 0:05:16.640 was whining about how expensive like pet Co was for 0:05:16.720 --> 0:05:19.839 all of Mollie's toys and everything, and she mentioned Chewy 0:05:19.880 --> 0:05:23.960 dot com, like Chew like a toy, and I'm obsessed. 0:05:24.040 --> 0:05:25.960 My mom and my sister both have dogs, and they 0:05:25.960 --> 0:05:28.400 were like, what you don't know about Chewy? So Chewy 0:05:28.480 --> 0:05:31.200 has affordable food and they do delivery and stuff. So 0:05:31.200 --> 0:05:32.560 I'm gonna check them out. 0:05:33.040 --> 0:05:35.080 I know, maybe one day, one day, I could see 0:05:35.120 --> 0:05:37.880 myself one day with a dog, maybe. 0:05:37.960 --> 0:05:42.000 As a person who has anxiety. It is. She's been 0:05:42.040 --> 0:05:44.680 so helpful for me to just like, calm down, just 0:05:44.760 --> 0:05:47.839 calm down and pet the dog. Yeah. 0:05:47.880 --> 0:05:50.119 I know, they just seem so lovable, but they also 0:05:50.120 --> 0:05:51.119 seem like so much work. 0:05:51.800 --> 0:05:53.200 You have to get a good one. I mean, we've 0:05:53.200 --> 0:05:56.359 got really lucky with Mollie. You know, behavioral why she 0:05:56.360 --> 0:05:59.560 doesn't have any issues. She's not snapping at us, she's 0:05:59.600 --> 0:06:02.120 not peeing all over the floor, she's not a puppy. 0:06:02.279 --> 0:06:04.080 I made a point to get a dog that was 0:06:04.080 --> 0:06:07.240 house trained. That was a big thing for me. She's 0:06:07.279 --> 0:06:09.440 not unsafe for people to be around, so I don't 0:06:09.480 --> 0:06:11.320 feel like I have to change my lifestyle, Like we 0:06:11.400 --> 0:06:14.360 had all kinds of babies and people over last weekend 0:06:14.400 --> 0:06:17.120 and Molly was great. So you have to find the 0:06:17.200 --> 0:06:18.680 right fit for you, and it is a lot of 0:06:18.680 --> 0:06:21.520 work it can be. And I'm not saying that dogs 0:06:21.560 --> 0:06:25.240 who have those issues aren't worthy of adoption, but for 0:06:25.320 --> 0:06:28.120 our lifestyle, Mollie she was and it was the right 0:06:28.160 --> 0:06:29.520 time too, right time. 0:06:30.880 --> 0:06:33.200 And like Leila has been seeing like a friend of mine, 0:06:33.360 --> 0:06:36.120 she's like meeting like her her Beyonce of her industry. 0:06:36.640 --> 0:06:39.680 I think this woman like she's like like high finance, 0:06:39.720 --> 0:06:42.840 so like she like has like three trillion dollars on 0:06:42.920 --> 0:06:45.200 the asset. I forget what companies she works for. So 0:06:45.279 --> 0:06:47.280 my friend used to work for Golden Sax and she 0:06:47.920 --> 0:06:49.920 someone heard her gushing over I wish I knew the 0:06:49.960 --> 0:06:51.560 name of this woman. So I heard her gushing over 0:06:52.200 --> 0:06:56.160 this woman's so she's actually having a h at lunch 0:06:56.200 --> 0:06:58.080 with her and she was like she posted on NIGI 0:06:58.160 --> 0:07:00.640 and was like, you know what, if any questions do 0:07:00.680 --> 0:07:03.200 you have for let me see if I can find her name, 0:07:03.240 --> 0:07:05.160 because I gus she was just like gushing like this 0:07:05.200 --> 0:07:08.760 woman is everything that was like trillion under assets of 0:07:08.800 --> 0:07:10.040 one of the things I know she said that she 0:07:10.120 --> 0:07:14.840 wanted to ask her, is you know do people still 0:07:14.920 --> 0:07:18.160 question you despite you being so okay? I found her name. 0:07:18.400 --> 0:07:21.560 Her name is Susan Shank when she wrote she's the 0:07:21.600 --> 0:07:24.720 Beyonce finance and that's what I call her, nothing but respect. 0:07:24.760 --> 0:07:29.040 She's managed two trillion of two trillion dollars of transactions. 0:07:29.080 --> 0:07:31.600 She's also the first black woman to head a publicly 0:07:31.640 --> 0:07:35.760 traded financial institution, and so she's always wanted to be 0:07:35.800 --> 0:07:38.920 like her. She's an engineer, an NBA grad turned financier, 0:07:40.240 --> 0:07:44.200 and she is loved by her city of Detroit. So 0:07:44.200 --> 0:07:46.800 so my friend is super brilliant. She's managed nearly eight 0:07:46.840 --> 0:07:49.560 billion dollars on her assets. She's worked for Golden Sacks. 0:07:49.560 --> 0:07:52.400 My friend Natasha, and I just thought to myself, and 0:07:52.480 --> 0:07:56.280 this woman is married. I don't know if she has children, 0:07:56.840 --> 0:07:59.640 but I remember this thinking to myself, like because the 0:07:59.720 --> 0:08:01.960 question I wanted to ask is like, what did she 0:08:02.080 --> 0:08:04.480 have to say no to in order to say yes 0:08:04.520 --> 0:08:08.240 to family? You know that's a good question because you know, 0:08:08.280 --> 0:08:09.600 as we get like a little bit older, you know, 0:08:09.800 --> 0:08:11.600 before I'm like, I don't say no to any like 0:08:11.640 --> 0:08:13.480 I'm going to say yes to everything. And to your point, 0:08:13.520 --> 0:08:15.960 I've been doing a lot of like travel and speaking 0:08:15.960 --> 0:08:18.080 and this and that, but like, for the first time, 0:08:18.840 --> 0:08:22.360 there is more requests than I have than I have 0:08:22.400 --> 0:08:25.200 space for it. So usually I don't I only say no. 0:08:25.280 --> 0:08:27.400 I only had to say no to a request because 0:08:27.400 --> 0:08:29.120 it wasn't a fit. I'm like, no, it's not a fit, 0:08:29.200 --> 0:08:31.400 or no I don't believe in that mission, or no, 0:08:31.600 --> 0:08:35.120 you know, whatever reason. But it was never because like, okay, 0:08:35.120 --> 0:08:38.000 I honestly I don't have the capacity even though it's 0:08:38.040 --> 0:08:40.120 something i'd like to do. This is the first time 0:08:40.200 --> 0:08:43.199 ever that there are things coming in and I'm like, 0:08:43.240 --> 0:08:44.959 oh my god, I want to do it. Oh my gosh, 0:08:45.120 --> 0:08:49.200 I don't have the capacity. So it's just and it 0:08:49.240 --> 0:08:52.920 is mostly because of family planning, you know, not necessarily 0:08:52.920 --> 0:08:56.439 because I don't have any time. And so it's like, ah, 0:08:56.440 --> 0:08:58.560 so there's this weird poll where I'm like, oh my gosh, 0:08:58.559 --> 0:08:59.280 I want to go for. 0:08:59.320 --> 0:09:01.280 It, but I think it's time for us to have 0:09:01.320 --> 0:09:04.240 for a new Shaw on the show. Yeah, I do, 0:09:04.280 --> 0:09:07.400 and I better to talk about balancing work with family 0:09:07.600 --> 0:09:09.800 and having a career similar to what you do. We 0:09:09.840 --> 0:09:10.600 need to have new Shawn. 0:09:10.640 --> 0:09:13.920 It's high time, yes, because it's I you know, it's 0:09:14.200 --> 0:09:17.760 it's definitely a struggle, you know, and so I'm just like, okay, 0:09:17.960 --> 0:09:21.640 what how you know, because there's definitely this fear that like, Okay, 0:09:21.960 --> 0:09:26.760 so if I get pregnant, then you know, then I 0:09:26.800 --> 0:09:28.800 you know, like I'm gonna have to stop traveling at 0:09:28.880 --> 0:09:31.800 some point then the baby's gonna be here. So I'm 0:09:31.800 --> 0:09:34.640 not gonna really want to travel for a while. What 0:09:34.679 --> 0:09:37.560 if that's a whole year, you know, like, you know, 0:09:37.880 --> 0:09:39.440 can you take a year off and be like Beyonce 0:09:39.520 --> 0:09:40.960 be back or would you take a year off and 0:09:41.000 --> 0:09:43.960 come back? Like Voice to Men, like the genre has 0:09:44.000 --> 0:09:45.400 moved on, you know what. 0:09:45.400 --> 0:09:47.960 I mean, A Bruno much brought it back a little bit. 0:09:49.080 --> 0:09:50.679 You know, but I'm just exactly, but you know, they 0:09:50.760 --> 0:09:52.520 moved on from boys to men. Voice to Men was 0:09:52.559 --> 0:09:54.520 the biggest thing out Mandy. I don't want to be 0:09:54.600 --> 0:09:55.120 boys to men. 0:09:56.520 --> 0:09:57.800 I have a feeling. I mean, I don't have all 0:09:57.800 --> 0:09:59.640 the answers. I have no children, nor do I have 0:09:59.640 --> 0:10:01.640 a speak career. And you know the same way you do. 0:10:01.720 --> 0:10:05.520 But let me offer my free advice. But I feel 0:10:05.559 --> 0:10:08.400 like you're not going to be able to be out 0:10:08.440 --> 0:10:11.240 of the picture for a year. I think that I 0:10:11.880 --> 0:10:13.600 just I don't think that you'll be able to do it. 0:10:13.600 --> 0:10:15.719 It's just that, not that I'm saying you would like 0:10:15.760 --> 0:10:17.640 sacrifice what's good for your family to do it, but 0:10:17.640 --> 0:10:18.959 I think you're going to find a way to make 0:10:19.000 --> 0:10:21.439 both happen. And like I've seen people like for a 0:10:21.520 --> 0:10:23.360 news to it, and I feel like it's really possible. 0:10:23.400 --> 0:10:26.559 And like what she says about and what she has 0:10:26.600 --> 0:10:28.320 said before when I've heard her talk about it, is 0:10:28.400 --> 0:10:31.079 like when becoming a mother made her more successful, made 0:10:31.120 --> 0:10:35.720 her even attract more wealth because she became more particular 0:10:35.760 --> 0:10:37.640 about what she said yes too, and she asked for 0:10:37.679 --> 0:10:39.520 more because she needed to ask for more from the 0:10:39.880 --> 0:10:43.120 specific opportunities so that she could do less of them, 0:10:43.280 --> 0:10:46.720 you know. And I mean, I'm just making up things. 0:10:46.760 --> 0:10:49.360 I'm not making up, but putting words in her mouth 0:10:49.360 --> 0:10:52.160 a little bit. And then she actually wrote a column 0:10:52.200 --> 0:10:54.079 that I just read. I think it was for Refinery 0:10:54.120 --> 0:10:56.880 twenty nine, like about some of the myths or not 0:10:56.920 --> 0:10:58.880 some of the myths, but some of the advice she 0:10:58.960 --> 0:11:01.560 has for working mom. And one of them that I 0:11:01.679 --> 0:11:04.720 was like doing snaps on the train too, was how 0:11:04.880 --> 0:11:07.280 she says when women have children, you have to go 0:11:07.360 --> 0:11:10.880 back to work, like you have to because the world, 0:11:10.960 --> 0:11:14.680 the wealth that you're missing out on accumulating, you know, 0:11:14.760 --> 0:11:17.240 over the years, can really hurt you and hinder you, 0:11:18.240 --> 0:11:21.880 and especially if you're well it's obviously single mothers don't 0:11:21.880 --> 0:11:23.480 have a choice. You have to work for your child. 0:11:23.480 --> 0:11:25.600 But if you're in a dual income household, it's still 0:11:25.600 --> 0:11:28.000 important for the mother to get back out there and 0:11:28.000 --> 0:11:29.800 to not be out of the workforce for too long. 0:11:29.920 --> 0:11:33.720 So you know, Okay, now she needs to come. 0:11:33.640 --> 0:11:36.199 On nus knows. I'm like, no, honestly, I would really 0:11:36.280 --> 0:11:38.800 love to have her, just because it's like a like 0:11:38.840 --> 0:11:40.960 before it was like, oh, I can totally see you know, 0:11:41.040 --> 0:11:43.040 but now I'm like, oh my gosh, because there's even 0:11:43.080 --> 0:11:46.800 things now where I'm like, oh, well, I don't know. 0:11:47.040 --> 0:11:49.920 That's like, you know, eight months from now. So I'm like, oh, yes, 0:11:49.920 --> 0:11:52.080 I would love to do that thing. Wait wait, what 0:11:52.120 --> 0:11:55.120 if I can't. And so there's all of these like 0:11:55.160 --> 0:11:58.000 clauses now that I have to like keep in mind, 0:11:58.080 --> 0:12:00.720 And so yeah, it's just I mean, I know, I 0:12:00.720 --> 0:12:05.760 remember Patrice uh of Washington, one of our faves. She 0:12:05.800 --> 0:12:07.640 said something to the fact was she she had just 0:12:07.800 --> 0:12:10.480 taken time off to take time off, and she was like, 0:12:10.600 --> 0:12:11.760 you know, and I don't know that it was a 0:12:11.760 --> 0:12:13.959 whole year, but she took time off, and she was like, girl, 0:12:14.080 --> 0:12:16.280 you know, if you built up enough of a of 0:12:16.320 --> 0:12:18.640 a business of like you know, just like a good 0:12:18.720 --> 0:12:21.680 solid business that she was like, it didn't, it didn't 0:12:21.760 --> 0:12:25.640 hurt her business because it just made her more conscious 0:12:25.640 --> 0:12:28.839 about choosing just the right thing. Actually, was gonna reach 0:12:28.840 --> 0:12:31.040 out to my friend Lovely because she has a podcast 0:12:31.080 --> 0:12:35.560 called Jesus and Jealoff with the other girl, eyvon Ogi, 0:12:36.480 --> 0:12:39.280 and she she actually she has a checklist. She said 0:12:39.280 --> 0:12:40.880 that she hasn't. Actually, I was gonna, I was gonna 0:12:40.920 --> 0:12:43.960 hit Lovey up, love if you listen, hey, girl, because 0:12:44.000 --> 0:12:45.959 I love He's been the guests on our show. Because 0:12:46.000 --> 0:12:49.840 there's a checklist that she's created. Because Lovey speaks like 0:12:49.880 --> 0:12:51.360 for a living. I mean, she she's got a New 0:12:51.440 --> 0:12:54.040 York Times bestseller and other things, but I would say 0:12:54.120 --> 0:12:57.000 the core of most of her income, as far as 0:12:57.000 --> 0:12:59.440 I can see from the outside anyway, it's speaking and 0:12:59.600 --> 0:13:03.320 love speaks like like you know, one hundred to two 0:13:03.400 --> 0:13:05.439 hundred days out of the year, so like significant amount 0:13:05.480 --> 0:13:09.480 of days, and so she said, because she gets so 0:13:09.600 --> 0:13:13.240 many amazing opportunities and she can't say yes to them 0:13:13.240 --> 0:13:14.840 all because some of them land on the same day 0:13:15.440 --> 0:13:18.640 that she created a checklist to say, Okay, it's got 0:13:18.640 --> 0:13:20.120 to do at least six out of the ten. So 0:13:20.240 --> 0:13:22.319 that was something I told myself, like, you know what, 0:13:22.920 --> 0:13:25.600 you know, I can't remember what was on her checklist, 0:13:25.679 --> 0:13:27.199 So I was going to reach out just to ask 0:13:27.600 --> 0:13:29.120 and then like, you know, look at it and then 0:13:29.120 --> 0:13:30.840 add it to my own so it can help me 0:13:31.040 --> 0:13:34.160 to make, you know, better decisions. Like just today, I 0:13:34.200 --> 0:13:36.559 just got so many offers today and I was just like, oh, 0:13:36.640 --> 0:13:39.880 I would love to say I mean two thousand and ten. 0:13:39.960 --> 0:13:41.800 Tiffany is like, oh my god, who's that? Is this? 0:13:42.559 --> 0:13:44.840 You want? Twenty nineteen? Tifany, It's like, oh, I need 0:13:44.880 --> 0:13:48.920 to take an ask. Hey. 0:13:49.559 --> 0:13:51.320 One thing I'm trying to figure out is tax season. 0:13:52.080 --> 0:13:54.400 Oh yeah, I still haven't Paul, where are you at? 0:13:54.440 --> 0:13:54.600 Man? 0:13:54.679 --> 0:13:56.560 Where are my taxes? That he's still he's had them for? 0:13:56.920 --> 0:13:59.000 Like what's the good turnaround he's had over two weeks? 0:13:59.000 --> 0:14:01.920 And I'm just like, can I fill up now? Like 0:14:02.200 --> 0:14:06.679 I want to know my fate our listeners. So as promised, 0:14:06.760 --> 0:14:09.280 we are finally getting around to our tech show today 0:14:09.360 --> 0:14:10.080 tex Tuesday. 0:14:10.600 --> 0:14:13.560 Yes, and we've got a special guest who I'm super 0:14:13.559 --> 0:14:18.559 excited about. So let me introduce you to Terry Chantel. 0:14:18.640 --> 0:14:22.800 So I'm at Terry because like maybe I want to say, 0:14:22.800 --> 0:14:25.120 maybe a year ago or maybe a year before that, 0:14:25.440 --> 0:14:27.720 I was getting so you guys know, I have a 0:14:27.760 --> 0:14:30.640 Facebook group called Dreamcatchers. It's like a few hundred thousand women, 0:14:31.160 --> 0:14:33.800 and this woman's video kept getting posted over and over 0:14:33.840 --> 0:14:37.280 and over, and she had a couple of videos go viral, 0:14:38.160 --> 0:14:41.600 and I think she reached out to me, or maybe 0:14:41.600 --> 0:14:43.120 I reached out to her, and she was like, yeah, 0:14:43.120 --> 0:14:44.800 I'm sorry because we have kind of a rule about 0:14:44.840 --> 0:14:47.440 like videos in the group because most of the videos 0:14:47.480 --> 0:14:49.760 in the group, you know, they're like me meme esque videos, 0:14:49.760 --> 0:14:52.080 So we have a rule like you can't post videos 0:14:52.720 --> 0:14:54.480 in the group. But I, you know, I let hers 0:14:54.520 --> 0:14:56.280 rock because they weren't like, you know, these weren't like 0:14:56.360 --> 0:14:58.640 videos of like you know, I don't know, kids getting 0:14:58.720 --> 0:15:00.160 cheese thrown in their face. You know, that's a real 0:15:00.240 --> 0:15:02.240 challenge right now, kids getting cheat thrown on your face. 0:15:02.520 --> 0:15:04.400 I have so little faith in. 0:15:04.400 --> 0:15:07.760 Humanity, right now I know and so like, and so 0:15:07.920 --> 0:15:09.280 I reached out to her and I was like, wow, 0:15:09.320 --> 0:15:12.560 you's so amazing. And so Terry is a financial educator. 0:15:12.680 --> 0:15:16.680 She is a tax educator, especially to entrepreneurs. She's a 0:15:16.720 --> 0:15:20.480 credit educator. She's just really bright and brilliant. And so 0:15:20.840 --> 0:15:23.800 after watching her videos I shared done with my accountain Carlo. 0:15:23.880 --> 0:15:25.720 He was like, wow, she's really on point. Then I 0:15:25.760 --> 0:15:27.880 invited her to teach inside the Academy and she's taught 0:15:27.920 --> 0:15:31.520 a number of classes and actually wrote one of our intensives, 0:15:31.560 --> 0:15:34.000 which is like a three week long course in inside 0:15:34.000 --> 0:15:37.840 the Academy, which everyone is like, it's amazing. Terry is 0:15:37.880 --> 0:15:40.400 just dynamic, she's smart, she's sharp, and so when we 0:15:40.400 --> 0:15:41.920 were going to have our text episode, I was like, 0:15:41.920 --> 0:15:44.760 oo oh, let's invite Terry, and Baby said, okay. 0:15:45.400 --> 0:15:49.360 So Terry, good recap, good recap. Yeah, I'm super excited 0:15:49.400 --> 0:15:51.720 to have her on. We have I've shaken out the 0:15:51.760 --> 0:15:54.680 reader mail bag and if you if you sent in 0:15:54.720 --> 0:15:57.240 a text question, thank you so very much for your questions. 0:15:57.520 --> 0:15:59.640 I've got a handful that we will cover with Terry 0:15:59.680 --> 0:16:02.680 on Today show. And then, as always, if you know, 0:16:02.840 --> 0:16:05.040 new questions pop up for you feel free to send 0:16:05.120 --> 0:16:09.400 us an email at briannabis podcast at gmail dot com, 0:16:09.520 --> 0:16:11.720 or you can hit us up at Briannabisson podcast dot 0:16:11.760 --> 0:16:15.440 com and click ask us anything to shoot us your message. 0:16:15.760 --> 0:16:17.880 So we'll take a little short break and we'll come 0:16:17.920 --> 0:16:18.960 back with Terry Chantel. 0:16:50.920 --> 0:16:53.120 We are back from our break, and I'm super excited 0:16:53.160 --> 0:16:57.920 because Terry is here. The crowd goes wild. You got 0:16:57.960 --> 0:17:00.520 the amazing question that you guys at over to jump 0:17:00.520 --> 0:17:02.120 to right right and you ready. 0:17:02.240 --> 0:17:04.159 I am ready, glad, lad be here. 0:17:04.880 --> 0:17:06.959 Awesome. So let's kick off things with a question from 0:17:06.960 --> 0:17:10.080 an anonymous listener. This is someone who's working in the 0:17:10.119 --> 0:17:13.000 gig economy, so they're a freelancer and wanting to have 0:17:13.040 --> 0:17:16.080 some tax advice. So Terry, here's a question from our 0:17:16.080 --> 0:17:19.159 anonymous listener. I'm trying to get out of debt and 0:17:19.160 --> 0:17:21.680 I decided to pick up some side hustles through the 0:17:21.720 --> 0:17:24.800 gig economy. I've looked into some of these websites like 0:17:24.920 --> 0:17:28.240 task Rabbit, upwork, and flex and realized that I'd be 0:17:28.280 --> 0:17:31.879 considered a quote unquote contractor and I should expect to 0:17:31.920 --> 0:17:35.440 receive a ten ninety nine tax form from them. Can 0:17:35.480 --> 0:17:37.560 you go through the pros and cons of pursuing this 0:17:37.680 --> 0:17:40.199 type of side hustle. Is it really worth it? Or 0:17:40.200 --> 0:17:42.879 will I regret it later when tax season comes around. 0:17:43.200 --> 0:17:47.280 Your thoughts and advice are greatly appreciated. Good questions. There 0:17:47.280 --> 0:17:49.639 are so many people. You know, I just walked, I 0:17:49.680 --> 0:17:52.199 had my dog walk today by like the uber of 0:17:52.280 --> 0:17:54.440 dog walking, and the guy was like, I just wanted 0:17:54.440 --> 0:17:56.639 to make some extra money. So there's so many folks 0:17:56.640 --> 0:17:59.000 out there who are like ubering and task rabbiting to 0:17:59.040 --> 0:18:02.320 make extra cash. So what should they consider before they 0:18:02.520 --> 0:18:03.680 start making that extra money? 0:18:03.760 --> 0:18:07.520 Terry, Well, first thing is we are in a pay 0:18:07.560 --> 0:18:10.240 as you go system. So whether you're making money with 0:18:10.880 --> 0:18:14.560 a job or as a side hustle, you're required to 0:18:14.600 --> 0:18:17.600 pay taxes. And so what a ten ninety nine does 0:18:17.800 --> 0:18:20.639 is require you to report that income to the IRS. 0:18:21.000 --> 0:18:24.640 So mindset shift number one. I have to pay taxes. 0:18:24.680 --> 0:18:27.400 The goal is to pay the least amount of taxes. 0:18:27.560 --> 0:18:29.920 So the great thing about having a side hustle that's 0:18:29.920 --> 0:18:33.760 a gig. The major con is that although you're making money, 0:18:34.000 --> 0:18:37.960 you get to write off business expenses. So it's actually 0:18:38.040 --> 0:18:42.200 a great thing to be considered a contractor in many situations, 0:18:42.280 --> 0:18:46.040 versus as employee. As an employee, for example, Mandy likes 0:18:46.040 --> 0:18:49.560 say that dog walker, if he worked for dog Walkers 0:18:49.560 --> 0:18:52.679 of America, he would get paid I don't know, you know, 0:18:52.720 --> 0:18:55.960 two hundred dollars a week, and they would automatically take 0:18:56.040 --> 0:19:00.000 those taxes out of and he would have no choice 0:19:00.119 --> 0:19:02.360 as to the amount of taxes that will be taken out. 0:19:02.520 --> 0:19:05.840 But let's say it's Brad's dog walking business and it's 0:19:05.880 --> 0:19:08.960