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Speaker 1: Hey, hey, hey, ba fan, Please follow us on Apple

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Speaker 1: Podcasts and keep our audience growing. If your iPhone recently

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Speaker 1: updated to iOS fourteen point five, head to Apple Podcasts,

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Speaker 1: search for brown Ambition and click on the plus button

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Speaker 1: in the upper right hand corner. Do that and you'll

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Speaker 1: be following our show Loop Loop. You can also follow

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Speaker 1: us on Spotify, on Stitcher, or on the Amazon Music app.

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Speaker 1: You will not do all that, you know, if you

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Speaker 1: had to Android, but you know Apple, that's fine. It's fine,

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Speaker 1: and now onto our show.

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Speaker 2: Hey, hey, hey, it is Mandra and I am joined

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Speaker 2: this week very special. This is the kickoff of our

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Speaker 2: summer co host series, and our first suber co host

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Speaker 2: is Chris Browning from Popcorn Finance.

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Speaker 3: Hey, Chris, Hey, thank you so much for having me.

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Speaker 3: I'm excited to be joining you.

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Speaker 2: I'm excited too. I feel like we have had these

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Speaker 2: tandem podcasting journeys and it wasn't until not that long

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Speaker 2: ago that we actually connected one on one to get

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Speaker 2: to know each other a little bit.

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Speaker 3: Yeah. I think the pandemic made a lot of zoom

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Speaker 3: meetings possible because we're all at.

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Speaker 2: Home anyways, it did, and remember how our first call.

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Speaker 2: I think it was maybe three like I set up

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Speaker 2: a call with you, and then it was back before

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Speaker 2: I had childcare, and I think you had to endure

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Speaker 2: maybe fifteen minutes of a screaming child before I finally

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Speaker 2: gave up and put you out of your misery and myself,

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Speaker 2: and I was like, let's do this again. And then

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Speaker 2: maybe three months went by and I was like, I

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Speaker 2: finally have childcare, let's talk, let's do it.

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Speaker 3: So yeah, no, I understood it. I was like, hey,

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Speaker 3: you can put me on hold and call me back later.

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Speaker 3: It's fine. I understood.

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Speaker 2: Such a gentleman. Well, let's talk about popcorn Finance for

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Speaker 2: the folks who don't know. Popcorn Finance, which is your podcast.

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Speaker 2: It's been around for four years now, right. You also

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Speaker 2: have another podcast. Note, because one is not enough. I

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Speaker 2: don't know how you do two. Your other podcast is

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Speaker 2: called this is Awkward. Talk to the folks and tell

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Speaker 2: them why they should listen.

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Speaker 3: Yeah, well, thank you for the introduction there. Yeah, so

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Speaker 3: Popcorn Finance it'll be four years at the end of June,

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Speaker 3: which is crazy. I never would have thought it would

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Speaker 3: be going on this long. But it is a short

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Speaker 3: form podcast where I talk about finance, and about the

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Speaker 3: time it takes make popcorns. That's where the name of

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Speaker 3: the show comes from. It's like short form. I try

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Speaker 3: to keep the episodes under ten minutes and just talk

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Speaker 3: about all things finance, investing, saving money issues, all that stuff.

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Speaker 3: It's just a place to kind of quickly get into

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Speaker 3: these topics and make it less scary. And as you mentioned,

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Speaker 3: because I apparently don't like the sleep, I started another

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Speaker 3: podcast with the friend of buying Alison from Inspired Budget.

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Speaker 3: We have a show called This Is Awkward, and that

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Speaker 3: one is a little more fun. It's a little more lighthearted.

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Speaker 3: We have people call in and they share with us

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Speaker 3: awkward money situations that they've dealt with, and then we

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Speaker 3: kind of talked through the situation and gave our advice

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Speaker 3: on how we would have dealt with it or how

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Speaker 3: we've dealt with similar things in the past. So that's

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Speaker 3: the other show I have going on.

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Speaker 2: Oh I love that. Have you ever had I think

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Speaker 2: we might have a mutual friend broke Millennial Aaron Lowry,

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Speaker 2: Have you ever had it on the show?

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Speaker 3: I have multiple times.

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Speaker 2: She wrote a whole book on awkward money conversations. Y'all

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Speaker 2: got to check out the broke Millennial series, just a

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Speaker 2: little plug for a pal, but oh god, that I

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Speaker 2: mean you guys must have endless, endless material because everything

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Speaker 2: about money is awkward.

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Speaker 3: It really is. It really opened my eyes to how

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Speaker 3: many of us deal with these situations. And I think

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Speaker 3: sometimes we think it's like just us, like, oh, we're

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Speaker 3: the only ones with weird family or friends are asking

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Speaker 3: for money, But it's like no, everybody. Everybody's dealing with

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Speaker 3: this stuff.

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Speaker 2: I mean, damn, like my family, I'm trying to figure out.

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Speaker 2: We're supposed to have a family reunion in Atlanta this

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Speaker 2: coming weekend, so it's my first trip with Husban and

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Speaker 2: the baby. He's I'm like, let's at least so if

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Speaker 2: we're vaccinated, now things are safer, let's get on the plane.

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Speaker 2: He only rides free for another six months, so I

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Speaker 2: got to take advantage of his free He's still considered

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Speaker 2: an infant even though he's huge, so he's gonna ride

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Speaker 2: for free. We're gonna go to Atlanta and it's a

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Speaker 2: family reunion and that's the only details I was given.

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Speaker 2: But now it's like my dad is on the outs

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Speaker 2: with my aunt and no one will tell me what

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Speaker 2: I'm like what do I need to bring. I need

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Speaker 2: to figure out who to give money to. I don't

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Speaker 2: know how much, and it's it's already becoming a delightful

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Speaker 2: dramatic situation. But whatever, I'm just there to eat.

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Speaker 3: So that he had to go into the family situation

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Speaker 3: and just say, hey, I'm just here for the food.

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Speaker 3: Whatever the drama was going on, I'm not a part

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Speaker 3: of that.

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Speaker 2: Do you. Is your family like into family reunions? Is

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Speaker 2: that a thing, sir? A Browning family reunion every year somewhere.

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Speaker 3: My family's from the South, so barely anybody is out

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Speaker 3: here in California. Uh so I only went to work,

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Speaker 3: right right? You just how there are you're from? So

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Speaker 3: my dad's from Arkansas, my mom's from Louisiana.

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Speaker 2: Okay, that's real, real Southern. Yeah, I'm from Georgia. I'm

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Speaker 2: from Atlanta.

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Speaker 3: Oh yeah, you're from a major city. Where are my

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Speaker 3: dad's from? They they got a Walmart and that's pretty much.

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Speaker 2: I'm gonna say that is real, real southern those two

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Speaker 2: states right there. Yeah, so we're both Southern transplants on

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Speaker 2: the coasts. Yeah. So this is a big deal for

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Speaker 2: me to even and I'm not gonna lie, there's been

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Speaker 2: family reunions that I haven't gone to just because you know,

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Speaker 2: it was in Georgia and I'm here in New York,

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Speaker 2: and there's always an inconvenient time. But this time, after

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Speaker 2: the pandemic, I think it just helped me realize, you know,

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Speaker 2: how important it is. Like my uncles, God bless them,

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Speaker 2: they survived this pandemic. My great uncles, they're all in

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Speaker 2: their eighties and nineties, it feels like, and so it's

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Speaker 2: really just like a celebration of you know, that side

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Speaker 2: of the family. So I'm excited to you know, all

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Speaker 2: the drama aside, I'm excited to get us together.

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Speaker 3: Yeah. I mean, if anything, the past year, it kind

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Speaker 3: of does make you appreciate family, especially your old family,

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Speaker 3: because a lot of people don't have family that they

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Speaker 3: had at this start of the pandemic. So it's like,

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Speaker 3: all right, you know, I need to make it more

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Speaker 3: of a point to you know, see my parents and

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Speaker 3: be around these people who you know you're only gonna

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Speaker 3: be around for so long.

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Speaker 2: Absolutely. Yeah, well awkward. I mean, honestly, I've been thinking

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Speaker 2: a lot about awkward money conversations lately because for my

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Speaker 2: husband and I, one of the ongoing arguments. I don't

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Speaker 2: know if i'd call it awkward as much as just

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Speaker 2: just a complete difference of opinion about how to spend

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Speaker 2: our money. Really has has always been for maybe the

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Speaker 2: ninety percent of our relationship, we have spent arguing back

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Speaker 2: and forth about whether or not to get a Tesla. Oh,

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Speaker 2: are you familiar with Tesla's, Chris.

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Speaker 3: I'm very familiar with Tesla's. I've been. I've been stalking

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Speaker 3: Tesla's for many years. I've not I've not met one

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Speaker 3: and brought one into my home yet, but I've been

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Speaker 3: watching them.

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Speaker 2: Yeah, so was my husband. I mean, this was one

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Speaker 2: of the first huge fights we ever had. Was when

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Speaker 2: we were it was twenty sixteen or something like that.

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Speaker 2: We had moved in with his parents to pay no

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Speaker 2: rent so that we could save up for our wedding.

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Speaker 2: And you know, and me, I'm the personal finance expert

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Speaker 2: in our relationship, so I like to say, and I'm

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Speaker 2: kind of uptight and maybe a tiny bit of a

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Speaker 2: control freak about our whole saving and plan, you know,

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Speaker 2: especially at that time when we were really working hard

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Speaker 2: to set something aside and pay for the wedding in cash,

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Speaker 2: and at the time you could reserve a Tesla. I

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Speaker 2: forget which model. It was like the one, two, three,

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Speaker 2: X y Z. Who knows, And I you know, he

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Speaker 2: said he talked about Tesla's but I just you know,

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Speaker 2: it's kind of like sports. I just just in one

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Speaker 2: year out the next like, yeah, he's into that thing.

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Speaker 2: Shouldn't be get a Like yeah, sure, that sounds like

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Speaker 2: a luxury car. We could never afford, so why even

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Speaker 2: you know, entertain that. But one day I got the

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Speaker 2: mail and there was this letter in it and it

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Speaker 2: was like, congratulations, we've we've gotten your thousand dollars commitment

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Speaker 2: and you're in line to get a Tesla. And I sat,

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Speaker 2: oh what, oh man, I was mad. I mean, looking

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Speaker 2: back on it now, a thousand, I mean it was

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Speaker 2: it was a lot of money, especially when we were

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Speaker 2: literally just putting ourselves so in such an uncomfortable situation

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Speaker 2: living with his parents with one bathroom in a teeny

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Speaker 2: tiny apartment with like no air conditioning and the warst

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Speaker 2: summer in New York. You know, we were struggling. And

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Speaker 2: I'm like, but you spent, like you put down it,

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Speaker 2: not even to get the car, just to get in

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Speaker 2: line for the car. So that is how far back

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Speaker 2: our Tesla you know, our Tesla debate has gone, or battle,

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Speaker 2: I should say. And for how many years has it been?

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Speaker 3: Chris?

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Speaker 2: For five, six, seven years? I have held him. I

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Speaker 2: have held it at Bay. We got the we did

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Speaker 2: the wedding, we did the honeymoon, we got our house,

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Speaker 2: we did the renovation. We had a baby, we had

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Speaker 2: a pandemic, and finally I ran out of excuses, Chris,

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Speaker 2: I ran out of reasons not to get a Tesla.

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Speaker 2: That is what happened, and we took the We took

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Speaker 2: our baby Tesla home today from the Tesla, the Tesla

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Speaker 2: cabbage patch factory thing. Yeah.

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Speaker 3: Well, I mean, well, congratulations on the car. I mean,

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Speaker 3: that's that's some patience to stick it out all of

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Speaker 3: that time, through all those life events and just like

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Speaker 3: hold out hope. Man, I know, I know one day

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Speaker 3: that Testa's gonna make it home.

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Speaker 2: He really, I mean, he's the underdog in any like

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Speaker 2: sports and sports movie, except instead of sports. It's like,

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Speaker 2: I just really want to get this this Tesla. And

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Speaker 2: the number of people we haven't told a lot of

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Speaker 2: people but friends and family who he's told. I mean,

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Speaker 2: everyone knows what it means to him, because that is

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Speaker 2: how obsessed this man has been with this car. But

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Speaker 2: he's very consistent. I mean he literally installed Are you handy?

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Speaker 2: I know, do you guys have a house? Are you renting?

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Speaker 3: We're renting, so, I mean I can. I can only

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Speaker 3: do so much, but I can. I can use a

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Speaker 3: power drill. I can say I can do that much.

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Speaker 2: Okay, that's pretty impressive. Well, we were renting. We rented

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Speaker 2: for so long before we got the house, and he

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Speaker 2: literally he went to the library took out a book

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Speaker 2: on how to do his own electric and he has

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Speaker 2: been doing all these little electrical projects and he actually

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Speaker 2: installed the charging station for the Tesla, like he made

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Speaker 2: it himself before he even had a Tesla, Like he

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Speaker 2: has been manifesting this Tesla for such a long time.

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Speaker 2: And to see his face, it was actually I was

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Speaker 2: excited too. It's not like I don't like nice things,

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Speaker 2: you know, Like I love electric vehicles. They're the way,

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Speaker 2: the future, all that stuff. It was. It's a cool car,

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Speaker 2: but it's just so not anything I had ever, you know,

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Speaker 2: in terms of like my values. It's never I was

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Speaker 2: never going to spend a lot of money on a car.

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Speaker 2: It just wasn't a part of my personal I don't

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Speaker 2: know idea of what my values are when it comes

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Speaker 2: to money. Do you in your do you and your

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Speaker 2: wife do y' all have those types of like stalemates

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Speaker 2: where it's just about are your value my value? For example,

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Speaker 2: I would I would choose travel over everything, and Enrique

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Speaker 2: was like, I really want this car, and that's where

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Speaker 2: we kind of came to head. So do you guys

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Speaker 2: have any of those big like disagreements.

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Speaker 3: Yeah, I mean we definitely have. I mean, I want

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Speaker 3: to say too, but that that's some dedication. He was like,

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Speaker 3: its just prepping. He was prepping. He put his own

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Speaker 3: charger in there in advance. He just knew it was

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Speaker 3: gonna happen. I just, man, that's I'm impressed we've had

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Speaker 3: those for sure. Like I think I'm more on your

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Speaker 3: side where I'm like, Okay, I have these financial goals.

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Speaker 3: I'm not doing anything else until I get to where

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Speaker 3: I'm going on this. And I'm also I'm not a

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Speaker 3: big spender, Like I'll spend occasionally, but I don't. It

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Speaker 3: doesn't bother me not to, like, you know, say all right,

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Speaker 3: I'm not going to do this because it costs money

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Speaker 3: and I'll just I'll be fine. And I think that's

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Speaker 3: where we butted heads because for my wife, she's like, well,

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Speaker 3: look we need if we need this for the house

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Speaker 3: or we need to do this, and it's important, it's

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Speaker 3: worth the money, and I'm like, what, But is it though?

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Speaker 3: Really is it really worth the money? Because I'm kind

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Speaker 3: of liking seeing the savings account to actually grow. Is

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Speaker 3: it really worth it? Like I can give up a

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Speaker 3: lot just for the satisfaction of seeing that I have

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Speaker 3: something in savings, That's what I'm saying. So we've definitely

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Speaker 3: what's the money?

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Speaker 2: Therefore, if not to just see it like I see it,

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Speaker 2: I want to feel it. I want to like play

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Speaker 2: and roll around in it digitally. Of course, it's really

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Speaker 2: hard to give it up. It's really hard, it is.

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Speaker 3: It almost it almost hurts a little bit. There's been

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Speaker 3: times where stuff has come up and we've had to

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Speaker 3: pull a big chunk from the savings and I feel

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Speaker 3: like I was physically in pain when I went and

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Speaker 3: pulled the money out, Like it hurt me, and I

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Speaker 3: was like, maybe I shouldn't care this much, But you know,

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Speaker 3: it's just one of those things where it's like this.

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Speaker 3: It's like my example of my hard work. Like I

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Speaker 3: seeing that balance is like, look, we did that, we

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Speaker 3: made it. We made it to this point, and it's

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Speaker 3: hard to give it up.

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Speaker 2: Yeah, that's how I felt anytime we've like we paid

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Speaker 2: off the last bit of our home renovation last summer

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Speaker 2: and it was like a twenty thousand dollars hit all

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Speaker 2: at once because we had finance something zero percent and

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Speaker 2: which was great for the eighteen months we had at

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Speaker 2: zero percent, but then you had to the way the

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Speaker 2: low of course, the way the loan worked was that

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Speaker 2: you were never going to pay it off if you

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Speaker 2: just did the minimum payments until the end of the

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Speaker 2: eighteen months. And then of course they yeah, of course,

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Speaker 2: and they had the like deferred interest clause, which basically says,

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Speaker 2: if you leave even one penny left on this loan

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Speaker 2: after this promotional period's over, oh we're going to pretend

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Speaker 2: like you always paid interest on this huge loan and

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Speaker 2: we're going to attach it. We're going to add it

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Speaker 2: right on top of what's left. So we you know,

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Speaker 2: had that big kind of lump sum payment that went

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Speaker 2: out and yeah, it's been but that's always been my

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Speaker 2: excuse I'm always like, Okay, you know we're going to

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Speaker 2: get this house. That's a big chunk for the down payment,

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Speaker 2: then the renovation. Okay, let's get that out of the way.

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Speaker 2: And then I literally just ran out of things and

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Speaker 2: he's yeah, and it's but I have to say, as

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Speaker 2: painful as it can be, at least it has brought

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Speaker 2: him joy, you know. I think that's where I was

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Speaker 2: really too stubborn a little bit was And I apologize.

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Speaker 2: I really did apologize to him. I don't know, I

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Speaker 2: just because for him, and he really sat down and

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Speaker 2: he's like, look, look, it's almost as if you're saying

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Speaker 2: what I value doesn't matter. You know. What I value

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Speaker 2: is amazing technology, safe travel. You know, I want to

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Speaker 2: be a part of you know, clean technology, like this

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Speaker 2: electric vehicle. He and he's an expert in this car

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Speaker 2: and the company. He's read the damn book, you know

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Speaker 2: on what's his face, the CEO, Elon Musk, like he's

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Speaker 2: read his memoir. He's he's all in. You know, we

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Speaker 2: even own Tesla stock. And he had been saving this

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Speaker 2: past year. He had an investment account and then he

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Speaker 2: also was putting aside money to save for his Tesla so,

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Speaker 2: and he's like, honestly, it's starting to really get ridiculous

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Speaker 2: the fact that you're not willing to budge here. And

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Speaker 2: but yeah, I was just so single minded and it

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Speaker 2: feels good to just like get over myself a little

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Speaker 2: bit and have some damn fun with the money that

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Speaker 2: we've you know, work so hard for.

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Speaker 3: You know, it's one of those things where you kind

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Speaker 3: of can get the tunnel vision almost and you just

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Speaker 3: forget that there is some enjoyment that comes with enjoying

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Speaker 3: the money that you've worked hard to earn. Yeah, and

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Speaker 3: you kind of just I don't know, and especially like

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Speaker 3: I think too. For me, it was hard seeing from

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Speaker 3: my wife's point of view the things that she values

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Speaker 3: that sometimes you know, if it does cost money, it's

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Speaker 3: worth it because it's meaningful, it had, it brings joy,

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Speaker 3: it adds to your life, to her life having these things.

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Speaker 3: And it's not just so, you know, I just want

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Speaker 3: to spend money. It's like, no, these are things I

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Speaker 3: value doing and just because I don't value them doesn't

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Speaker 3: make them valuable to some woman else. And that's it's

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Speaker 3: hard to it's kind of hard to reprehen hit your

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Speaker 3: head around that.

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Speaker 2: I mean what's your guilty pleasure. Don't you have like

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Speaker 2: a tiny house addiction? I do kind of come home

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Speaker 2: with a tiny house one day.

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Speaker 3: You know, if I could, if it wasn't so hard

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Speaker 3: in California, I might have bought one. At this point,

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Speaker 3: I would say, I don't. That's the thing. I don't

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Speaker 3: really buy too many things. But technology is probably my

335
00:16:02,160 --> 00:16:05,040
Speaker 3: weakness when it comes to like gadgets and devices and

336
00:16:05,040 --> 00:16:08,840
Speaker 3: computers and tablets and microphones things like that. But I

337
00:16:08,880 --> 00:16:10,480
Speaker 3: kind of can hide that behind the podcast. So I

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Speaker 3: think that's how I convinced myself, Well, I'm not really

339
00:16:12,280 --> 00:16:17,360
Speaker 3: spending Yeah, this is a business expense, right, that is

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Speaker 3: for sure. My weakness is like anything that connects to

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Speaker 3: the internet. I'm eyeing.

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Speaker 2: Yeah. I told him. I was like, I feel like

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Speaker 2: a real hypocrite when I start thinking about all the

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Speaker 2: money we spend on Broadway, and I mean the things

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Speaker 2: that I've enjoyed doing vacations and stuff. And he's like,

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Speaker 2: can I have something? So we got and you know what,

347
00:16:37,640 --> 00:16:40,880
Speaker 2: the Tesla purchase, I have to say, was made possible

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Speaker 2: in part by this crazy, ridiculous economy that we have

349
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Speaker 2: right now that has somehow made used cars more valuable

350
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Speaker 2: than they were a year ago, which is insane. So

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Speaker 2: we actually, yeah, we ended up selling our We had

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Speaker 2: a twenty sixteen Mazda some CX five. I think we

353
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Speaker 2: ended up listing that on a Facebook marketplace to sell it,

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Speaker 2: and kind of we weren't necessarily going to sell it,

355
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Speaker 2: but when we actually looked at what we could get

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Speaker 2: for it. I think Enrique, my husband, he had checked

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Speaker 2: a year ago and saw that the car was valued

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Speaker 2: at thirteen thousand dollars on the resale market. Today it's

359
00:17:18,359 --> 00:17:21,080
Speaker 2: valued us It was valued at sixteen thousand dollars, or

360
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Speaker 2: at least that's what we sold it for.

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Speaker 3: That makes no sense.

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Speaker 2: It's crat craz We bought it for nineteen thousand, like

363
00:17:28,160 --> 00:17:30,720
Speaker 2: five years ago. You know, that's just not a thing

364
00:17:30,760 --> 00:17:33,960
Speaker 2: that cars do. I thought, so by selling it, we

365
00:17:34,040 --> 00:17:36,920
Speaker 2: definitely were able to eat away some of the cost

366
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Speaker 2: of upfront cost of a Tesla, and you know, that

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Speaker 2: felt good and kind of take advantage of this topsy

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Speaker 2: turvy economy right now.

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Speaker 3: Yeah, you know, funny enough, I had a friend yesterday

370
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Speaker 3: I met it with him for the first time since

371
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Speaker 3: the pandemic started, and we were talking about the used

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Speaker 3: car market, and I told him, yeah, my car. I

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Speaker 3: bought a used car. It was a twenty fourteen Hondai.

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Speaker 3: I bought it in twenty seventeen, and I'm sorry, twenty nineteen.

375
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Speaker 3: I bought it and it all. I bought it for

376
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Speaker 3: twenty one thousand, and it's now worth nineteen thousand, five

377
00:18:08,040 --> 00:18:10,439
Speaker 3: hundred and I've had this car for three years. And

378
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Speaker 3: he's like, you just need to sell it. And I

379
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Speaker 3: was like, but then I got to buy another car.

380
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Speaker 2: You got to buy another car, yep.

381
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Speaker 3: But really he was really pushing me. He's like, we'll

382
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Speaker 3: just buy a new car. Then I was like, well, hey,

383
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Speaker 3: it's easy for you to make decisions with my money.

384
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Speaker 3: But I'm he's really getting into my head.

385
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Speaker 2: Now.

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Speaker 3: I'm like, well, I don't know, because I mean, I'm

387
00:18:26,400 --> 00:18:28,680
Speaker 3: not gonna lie that I have not also been looking

388
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Speaker 3: at Teslas.

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Speaker 2: I mean, that's the thing. I mean, if this is

390
00:18:32,240 --> 00:18:34,960
Speaker 2: the rationale, and believe me, we were just at a

391
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Speaker 2: friend's house yesterday and Enrique has now become that friend

392
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Speaker 2: at the cookout who had a really lucky set of

393
00:18:41,359 --> 00:18:44,080
Speaker 2: circumstances happened, and he's like ready to tell everybody to

394
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Speaker 2: follow in his footsteps. Listen, don't be that person at

395
00:18:47,000 --> 00:18:49,359
Speaker 2: the cookout. Not everybody like can do the things that

396
00:18:49,400 --> 00:18:52,480
Speaker 2: worked out specifically for you in your situation. But he's like, yeah,

397
00:18:52,520 --> 00:18:55,000
Speaker 2: youhould sell your car, you know, to our cousin. Sell

398
00:18:55,040 --> 00:18:56,720
Speaker 2: your car and then you can get enough something else.

399
00:18:56,760 --> 00:18:59,679
Speaker 2: But the other thing is like, do you own that

400
00:18:59,720 --> 00:19:01,760
Speaker 2: cart right or do you still have a loan on it?

401
00:19:02,240 --> 00:19:04,040
Speaker 3: That's the thing. It's completely paid off and it's been

402
00:19:04,080 --> 00:19:05,760
Speaker 3: paid off for a year now.

403
00:19:06,200 --> 00:19:08,600
Speaker 2: Oh yeah, well then see our car was paid off too,

404
00:19:08,640 --> 00:19:11,320
Speaker 2: and that's where that's really where you can get the value.

405
00:19:11,320 --> 00:19:12,840
Speaker 2: So if you have a lean on your car, so

406
00:19:12,840 --> 00:19:15,040
Speaker 2: if you own or sorry, if you owe anything on

407
00:19:15,119 --> 00:19:17,880
Speaker 2: a loan or are you're still financing it, it's really

408
00:19:17,920 --> 00:19:20,879
Speaker 2: tricky to then try and sell that car. It's especially

409
00:19:20,920 --> 00:19:22,760
Speaker 2: if you do it yourself, like as a private seller.

410
00:19:23,359 --> 00:19:25,120
Speaker 2: I guess you have to like pay the loan back

411
00:19:25,680 --> 00:19:27,959
Speaker 2: and then get the title and then sell it to

412
00:19:28,040 --> 00:19:30,560
Speaker 2: someone else. But that's a you know, may not be

413
00:19:30,640 --> 00:19:34,280
Speaker 2: something that someone's willing to do. But for us, it

414
00:19:34,720 --> 00:19:36,720
Speaker 2: really did make sense to just go ahead and sell it.

415
00:19:36,720 --> 00:19:39,560
Speaker 2: We owned the title, owned it outright. We could have

416
00:19:39,640 --> 00:19:43,440
Speaker 2: traded it in Tesla offered us fourteen thousand, but then

417
00:19:43,640 --> 00:19:46,000
Speaker 2: our financial planner was like, you know what, I really

418
00:19:46,000 --> 00:19:48,320
Speaker 2: think you guys should post it. I've sold all my

419
00:19:48,359 --> 00:19:51,080
Speaker 2: cars on Craigslist and I get way more And sure

420
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Speaker 2: enough we got it sold within like ten hours for

421
00:19:54,640 --> 00:19:56,400
Speaker 2: sixteen thousands.

422
00:19:56,480 --> 00:19:58,280
Speaker 3: That's amazing, And I mean it just goes to show

423
00:19:58,320 --> 00:20:00,320
Speaker 3: you too. Like these dealers, I mean I've to see

424
00:20:00,320 --> 00:20:02,199
Speaker 3: their business. So they're trying to get this car from

425
00:20:02,240 --> 00:20:04,560
Speaker 3: you as cheap as possible because they know how much

426
00:20:04,560 --> 00:20:05,120
Speaker 3: more it's worth.

427
00:20:05,640 --> 00:20:08,359
Speaker 2: You know who bought it from us, a used car dealer, really,

428
00:20:09,119 --> 00:20:11,280
Speaker 2: so even he's planning to sell it for more than that,

429
00:20:11,320 --> 00:20:14,040
Speaker 2: I'm like, good, good, good luck, my friend, good luck.

430
00:20:14,760 --> 00:20:18,280
Speaker 2: But yeah, it's a it's a Craig Cray world out there.

431
00:20:18,400 --> 00:20:21,520
Speaker 2: So I guess for y'all, I mean, how close are

432
00:20:21,560 --> 00:20:23,840
Speaker 2: you to is your rationale? Like, Okay, you know the

433
00:20:23,920 --> 00:20:25,639
Speaker 2: car is worth a lot more now, so if I

434
00:20:25,680 --> 00:20:27,760
Speaker 2: do sell it, I would have more money in the

435
00:20:27,760 --> 00:20:32,960
Speaker 2: bank for a nicer car, maybe a new car. That's

436
00:20:33,000 --> 00:20:33,719
Speaker 2: how you're feeling?

437
00:20:34,359 --> 00:20:37,359
Speaker 3: Well? How I before my friend bombarded me with this

438
00:20:37,440 --> 00:20:39,920
Speaker 3: his argument for why I should sell my car, my

439
00:20:40,440 --> 00:20:42,440
Speaker 3: mind was like, well, look, I don't have a car

440
00:20:42,480 --> 00:20:44,280
Speaker 3: payment right now, and I'm really liking this is the

441
00:20:44,280 --> 00:20:46,240
Speaker 3: first time in my life I've not had a car payment.

442
00:20:46,359 --> 00:20:48,000
Speaker 2: It's a good life, it is.

443
00:20:48,080 --> 00:20:49,600
Speaker 3: And I was like, it's just like, man, there's just

444
00:20:49,640 --> 00:20:53,160
Speaker 3: so much more money in my bank account. So I've

445
00:20:53,160 --> 00:20:56,040
Speaker 3: been like a hard set on. I'm never selling this car.

446
00:20:56,040 --> 00:20:58,159
Speaker 3: I'm only gonna sell it when it breaks down on

447
00:20:58,160 --> 00:20:59,399
Speaker 3: the side of the road and I can't get it

448
00:20:59,440 --> 00:21:03,600
Speaker 3: started again. But he was making good arguments, So that's

449
00:21:03,600 --> 00:21:05,880
Speaker 3: the hard part. When your friends make arguments that are

450
00:21:05,880 --> 00:21:09,359
Speaker 3: actually legit about spending money. It kind of like it

451
00:21:09,359 --> 00:21:11,800
Speaker 3: started rattling my mind a little bit. So I haven't

452
00:21:11,800 --> 00:21:13,520
Speaker 3: made any decisions. I'm just trying to forget that he

453
00:21:13,560 --> 00:21:16,280
Speaker 3: talked to me about this, but it's in the back

454
00:21:16,280 --> 00:21:18,119
Speaker 3: of my mind. I'm thinking I may make a spreadsheet

455
00:21:18,119 --> 00:21:19,960
Speaker 3: and run some numbers.

456
00:21:20,160 --> 00:21:22,800
Speaker 2: Is it because rates are also really low right now?

457
00:21:23,480 --> 00:21:23,640
Speaker 3: Yeah.

458
00:21:23,680 --> 00:21:25,840
Speaker 2: I mean that's the thing too, is to finance it.

459
00:21:25,840 --> 00:21:29,000
Speaker 3: It would be so cheap to finance a difference right now,

460
00:21:29,200 --> 00:21:30,680
Speaker 3: and it wouldn't even be like I don't even feel

461
00:21:30,680 --> 00:21:31,560
Speaker 3: guilty about it.

462
00:21:32,800 --> 00:21:35,480
Speaker 2: But free money. Well, I mean our rate was two

463
00:21:35,560 --> 00:21:39,720
Speaker 2: point four and we have near perfect credit. I really

464
00:21:39,720 --> 00:21:41,800
Speaker 2: wanted like a one point nine, but it just wasn't

465
00:21:41,880 --> 00:21:44,960
Speaker 2: going to happen. I think you can get those rates

466
00:21:45,000 --> 00:21:46,800
Speaker 2: as low if you look at credit unions and stuff.

467
00:21:46,800 --> 00:21:51,000
Speaker 2: But anyway, didn't happen for us. But yeah, that that

468
00:21:51,240 --> 00:21:53,960
Speaker 2: kind of did it for me too. So now we

469
00:21:54,000 --> 00:21:56,960
Speaker 2: have a car note for the first time in five years,

470
00:21:57,000 --> 00:22:01,040
Speaker 2: and I don't love it. But but here's the thing,

471
00:22:01,119 --> 00:22:04,240
Speaker 2: chris By not find By. We could have paid cash

472
00:22:04,240 --> 00:22:06,080
Speaker 2: for the whole thing. That's the thing. My and my

473
00:22:06,119 --> 00:22:08,679
Speaker 2: planner was like, Mandy, you know what the right you

474
00:22:08,760 --> 00:22:11,879
Speaker 2: know what the rationale is right, you can invest that

475
00:22:12,040 --> 00:22:16,040
Speaker 2: money instead, and you're gonna make more than that little

476
00:22:16,040 --> 00:22:19,040
Speaker 2: two percent, most likely in an investment account. So I'm

477
00:22:19,040 --> 00:22:21,520
Speaker 2: trying to level up my I'm trying to go to

478
00:22:21,560 --> 00:22:25,440
Speaker 2: the next level. You know, there were certain like protective

479
00:22:25,840 --> 00:22:29,280
Speaker 2: strategies and mindsets that definitely got us where we are today.

480
00:22:29,320 --> 00:22:32,440
Speaker 2: But like for that next level wealth building, we gotta

481
00:22:32,480 --> 00:22:36,080
Speaker 2: think a little different. We gotta like think think rich. Literally,

482
00:22:36,640 --> 00:22:38,159
Speaker 2: we meaning me and my husband. You know, you do

483
00:22:38,240 --> 00:22:40,440
Speaker 2: your thing, but no, you're.

484
00:22:40,320 --> 00:22:43,000
Speaker 3: Right, you're right, because it's one of those things where

485
00:22:43,440 --> 00:22:45,960
Speaker 3: it's hard to let yourself like you're thinking kind of change.

486
00:22:46,000 --> 00:22:48,080
Speaker 3: It feels like wrong, say, look I did this, it worked,

487
00:22:48,119 --> 00:22:50,720
Speaker 3: I just keep doing this forever. But you going to

488
00:22:50,800 --> 00:22:52,840
Speaker 3: like there's different stages to life. Is if everyone's in

489
00:22:52,840 --> 00:22:55,280
Speaker 3: a different position, and something that worked for you, you

490
00:22:55,280 --> 00:22:57,639
Speaker 3: know will work for me five years ago doesn't mean

491
00:22:57,680 --> 00:22:59,480
Speaker 3: something different will work now. It's like you know, it's

492
00:22:59,720 --> 00:23:02,840
Speaker 3: it's it's getting your mind open to changing and thinking

493
00:23:02,880 --> 00:23:05,840
Speaker 3: about different ways of building wealth and not just like

494
00:23:05,880 --> 00:23:07,879
Speaker 3: I don't I find myself being stuck in the oh,

495
00:23:07,920 --> 00:23:09,600
Speaker 3: I'm paying off debt mindset that I was in for

496
00:23:09,720 --> 00:23:12,119
Speaker 3: years and not in the Hey, now I want to

497
00:23:12,119 --> 00:23:14,560
Speaker 3: build wealth and really look for the future.

498
00:23:15,560 --> 00:23:17,800
Speaker 2: When you think about building wealth, what does that look

499
00:23:17,880 --> 00:23:19,880
Speaker 2: like for you?

500
00:23:19,880 --> 00:23:21,119
Speaker 3: You know? For me, I think the first thing that

501
00:23:21,160 --> 00:23:27,240
Speaker 3: always pops into my mind is freedom and having choice

502
00:23:27,359 --> 00:23:31,840
Speaker 3: and options. And I really like the idea of being

503
00:23:31,880 --> 00:23:33,919
Speaker 3: at a point where it's like if I want to

504
00:23:33,920 --> 00:23:36,520
Speaker 3: do something different like career wise, because I don't know,

505
00:23:36,520 --> 00:23:38,000
Speaker 3: I don't necessarily want to get to a point like

506
00:23:38,160 --> 00:23:40,280
Speaker 3: where I'm younger and I'm not working at all, but

507
00:23:40,480 --> 00:23:42,760
Speaker 3: where I can just choose, you know what, this is

508
00:23:42,840 --> 00:23:45,879
Speaker 3: meaningful for me? This project, or working with this organization,

509
00:23:46,119 --> 00:23:50,479
Speaker 3: or just doing something completely different. It's okay because I'm

510
00:23:50,520 --> 00:23:53,159
Speaker 3: not bound by the need to have to have a

511
00:23:53,160 --> 00:23:55,960
Speaker 3: certain amount of money, because I've already accumulated enough wealth

512
00:23:56,040 --> 00:23:57,919
Speaker 3: to have those that freedom. And I think that's just

513
00:23:57,920 --> 00:24:01,840
Speaker 3: something really like power powerful about saying, look, I have choices.

514
00:24:02,000 --> 00:24:03,800
Speaker 3: I can make the decision because I want to debt

515
00:24:03,840 --> 00:24:06,160
Speaker 3: because I'm looking at my bank account and I got

516
00:24:06,160 --> 00:24:07,439
Speaker 3: obligation sitting there for me.

517
00:24:08,240 --> 00:24:10,760
Speaker 2: Yeah, I think for me it's also I mean, it's

518
00:24:10,760 --> 00:24:13,280
Speaker 2: definitely freedom. But I'm trying to be more specific now.

519
00:24:13,720 --> 00:24:16,199
Speaker 2: I think I've gotten to the point now where it's okay,

520
00:24:16,200 --> 00:24:18,920
Speaker 2: what's the number? You know, what is what's the new goal?

521
00:24:19,320 --> 00:24:21,160
Speaker 2: I was similar to you, you know, I'm well, now

522
00:24:21,240 --> 00:24:23,760
Speaker 2: are you a I consider myself now. I think we're

523
00:24:23,760 --> 00:24:30,399
Speaker 2: supposed to be like called geriatric millennials now here. I

524
00:24:30,480 --> 00:24:32,840
Speaker 2: know it's so terrible, but that's like the new thing

525
00:24:32,880 --> 00:24:35,240
Speaker 2: older millennials who've got you know, we got a little

526
00:24:35,320 --> 00:24:37,560
Speaker 2: we've paid out the student loan debt or it didn't

527
00:24:37,560 --> 00:24:39,400
Speaker 2: really have that much, and now we've got like kids

528
00:24:39,440 --> 00:24:41,199
Speaker 2: and a mortgage and all that kind of stuff. Just uh,

529
00:24:41,240 --> 00:24:45,679
Speaker 2: old fuddyduddy millennials, and for me, it's like, Okay, the

530
00:24:45,760 --> 00:24:49,200
Speaker 2: next step is, you know, maybe getting a lot more

531
00:24:49,240 --> 00:24:53,119
Speaker 2: specific and like and you know, the the tried and

532
00:24:53,200 --> 00:24:55,600
Speaker 2: true rules of thumb that I abided by in the past,

533
00:24:55,880 --> 00:24:57,800
Speaker 2: I've got to come up with new rules. I got

534
00:24:57,840 --> 00:25:01,320
Speaker 2: to figure out how did the uber healthy, how do

535
00:25:01,400 --> 00:25:04,280
Speaker 2: they operate? And I need to start being on that level.

536
00:25:04,359 --> 00:25:08,760
Speaker 2: And it's scary, but it's also kind of it's exciting.

537
00:25:08,840 --> 00:25:11,120
Speaker 2: And for me, you know, I don't have a ton

538
00:25:11,160 --> 00:25:14,240
Speaker 2: of I don't have any anyone in my family necessarily

539
00:25:14,240 --> 00:25:17,560
Speaker 2: to look to for tips. I do have a financial planner,

540
00:25:17,560 --> 00:25:19,800
Speaker 2: but I'm trying to find you know, maybe even like

541
00:25:19,880 --> 00:25:22,439
Speaker 2: different podcasts or different books I can start reading just

542
00:25:22,480 --> 00:25:26,280
Speaker 2: to like literally think how the wealthy think. In my mind,

543
00:25:26,320 --> 00:25:28,520
Speaker 2: I was like, I want to. I want to invest

544
00:25:28,560 --> 00:25:30,240
Speaker 2: till I have two million dollars and I want to

545
00:25:30,240 --> 00:25:32,960
Speaker 2: be there and you know, the next five years. And

546
00:25:33,000 --> 00:25:36,000
Speaker 2: someone was like, why don't you make a million dollars

547
00:25:36,400 --> 00:25:38,800
Speaker 2: like in a weekend if you learn to trade stocks?

548
00:25:38,800 --> 00:25:42,679
Speaker 2: And I'm like, I don't. It does not compute. I

549
00:25:42,680 --> 00:25:47,040
Speaker 2: don't want to, but people are doing it, so yeah,

550
00:25:47,119 --> 00:25:51,040
Speaker 2: it's it's it's exciting slash really really intimidating.

551
00:25:51,920 --> 00:25:53,960
Speaker 3: Yeah, it really is. And I think that's the hard

552
00:25:54,000 --> 00:25:57,720
Speaker 3: part right now too, is there's there's so many people

553
00:25:57,760 --> 00:25:59,719
Speaker 3: in the news making a bunch of money from all

554
00:25:59,800 --> 00:26:02,359
Speaker 3: the time, different things going on right now. Yeah, and

555
00:26:02,760 --> 00:26:05,440
Speaker 3: it's I don't know, it's very tempting. I'm what I'm

556
00:26:05,480 --> 00:26:07,680
Speaker 3: finding more and more about myself is I'm very risk averse.

557
00:26:07,880 --> 00:26:11,560
Speaker 3: I'm very like, hey, you know what, I would like

558
00:26:11,600 --> 00:26:14,520
Speaker 3: to do some things, but I'm not comfortable risking what

559
00:26:14,600 --> 00:26:17,200
Speaker 3: I've worked so hard to save up. And it's a

560
00:26:17,240 --> 00:26:18,920
Speaker 3: hard mindset shift for me to make. It'd be like,

561
00:26:18,960 --> 00:26:20,879
Speaker 3: all right, you know what, maybe I should I have

562
00:26:20,920 --> 00:26:23,560
Speaker 3: my emergency fund, I'm investing for retirement. Maybe I should

563
00:26:23,560 --> 00:26:27,640
Speaker 3: look at other opportunities. But I'm always like, hey, I

564
00:26:27,760 --> 00:26:29,800
Speaker 3: this took a long time. Let me let me let

565
00:26:29,800 --> 00:26:31,600
Speaker 3: me slow down on any of these other ideas people

566
00:26:31,600 --> 00:26:32,199
Speaker 3: are throwing at me.

567
00:26:32,880 --> 00:26:36,440
Speaker 2: Yeah, just exactly. You're like in the protect phase, which

568
00:26:36,520 --> 00:26:38,760
Speaker 2: is fine. You know, you want to protect what you've built.

569
00:26:39,440 --> 00:26:42,320
Speaker 2: But we'll see, I mean, you know, not too uh

570
00:26:42,359 --> 00:26:45,200
Speaker 2: not to pure pressure. But the Tesla does ride really

571
00:26:45,320 --> 00:26:50,359
Speaker 2: really nice to the Starbucks. But you know, what we

572
00:26:50,400 --> 00:26:52,199
Speaker 2: got caught in a huge traffic jam, and I was like, well,

573
00:26:52,280 --> 00:26:54,560
Speaker 2: it's still gets stuck in traffic just like another car does.

574
00:26:54,640 --> 00:26:59,080
Speaker 2: So it doesn't have any magical like traffic avoiding properties

575
00:26:59,080 --> 00:27:00,399
Speaker 2: that would really be value to me.

576
00:27:00,760 --> 00:27:02,399
Speaker 3: I know. But then they can drive itself though, as

577
00:27:02,440 --> 00:27:04,399
Speaker 3: your husband like trying to talk about his plans to

578
00:27:04,400 --> 00:27:06,440
Speaker 3: take a nap while he's like commuting or anything like that.

579
00:27:07,000 --> 00:27:09,639
Speaker 2: No, I don't think that that's a feature we're going

580
00:27:09,720 --> 00:27:11,119
Speaker 2: to be turning on. I don't even know if but

581
00:27:11,680 --> 00:27:12,560
Speaker 2: I forgot about that.

582
00:27:12,680 --> 00:27:13,680
Speaker 3: Can it drive itself?

583
00:27:13,720 --> 00:27:17,080
Speaker 2: I don't know, Chris, I just don't know. I had

584
00:27:17,080 --> 00:27:19,040
Speaker 2: a hard time figuring out how to turn the air

585
00:27:19,040 --> 00:27:22,280
Speaker 2: conditioning on earlier, let alone auto pilot.

586
00:27:23,119 --> 00:27:24,040
Speaker 3: That's true, Baby.

587
00:27:23,840 --> 00:27:27,679
Speaker 2: Steps, Baby steps. Well, it's really fun to have you

588
00:27:27,720 --> 00:27:29,879
Speaker 2: on the show. Why don't we take a quick break

589
00:27:29,920 --> 00:27:33,679
Speaker 2: and we'll be right back to answer some of y'all's questions.

590
00:28:07,840 --> 00:28:10,320
Speaker 2: All right, we are back, and yes I am joined

591
00:28:10,359 --> 00:28:13,840
Speaker 2: by the one and only Chris Browning, who is filling

592
00:28:13,880 --> 00:28:17,240
Speaker 2: some very big budget needs to shoes. How's it going, Chris?

593
00:28:17,240 --> 00:28:18,120
Speaker 2: How are you feeling so far?

594
00:28:18,680 --> 00:28:21,040
Speaker 3: I was fine, and now you may be nervous Okay,

595
00:28:21,280 --> 00:28:23,000
Speaker 3: I'm just joking, joking.

596
00:28:23,040 --> 00:28:24,800
Speaker 2: Okay, I should have made you do the hey hey hey,

597
00:28:25,520 --> 00:28:28,520
Speaker 2: oh god. Well, we are here to answer your questions

598
00:28:28,600 --> 00:28:31,600
Speaker 2: and never fear even without Tiffany here, we have Chris

599
00:28:31,640 --> 00:28:34,439
Speaker 2: from the Popcorn Finance here to help me tackle y'all's

600
00:28:34,440 --> 00:28:38,080
Speaker 2: personal finance and career questions. Okay, so we've got some

601
00:28:38,160 --> 00:28:42,760
Speaker 2: excellent questions from ig. First one comes from listener Lachene.

602
00:28:43,280 --> 00:28:46,400
Speaker 2: Lachine says, I just found your podcast after buying Tiffany's book,

603
00:28:46,400 --> 00:28:49,040
Speaker 2: and I'm obsessed in her book, which is I will

604
00:28:49,040 --> 00:28:51,720
Speaker 2: add here you guys called Get Good with Money, which

605
00:28:51,760 --> 00:28:54,320
Speaker 2: you can get at get goodwith Money dot com. It's

606
00:28:54,320 --> 00:28:58,520
Speaker 2: an eight week national wait, eight week New York Times bestseller.

607
00:28:58,560 --> 00:29:01,720
Speaker 2: At this point, it's insane anyway, So Lachine found us

608
00:29:01,720 --> 00:29:04,440
Speaker 2: through her book. She says, in the book, Tiffany talked

609
00:29:04,440 --> 00:29:07,480
Speaker 2: about determining if you have a budgeting problem or an

610
00:29:07,520 --> 00:29:10,640
Speaker 2: income slash earning problem. And I think I have an

611
00:29:10,680 --> 00:29:13,560
Speaker 2: earning problem. When I wanted to get y'all's opinion, I

612
00:29:13,560 --> 00:29:17,320
Speaker 2: make fifty thousand dollars a year. After taxes and insurance

613
00:29:17,640 --> 00:29:21,400
Speaker 2: and my retirement retirement savings, I'm left with about twenty

614
00:29:21,520 --> 00:29:25,240
Speaker 2: nine hundred dollars per month. I can comfortably pay my bills,

615
00:29:25,640 --> 00:29:28,120
Speaker 2: save for travel, and add money to my IRA. But

616
00:29:28,200 --> 00:29:31,360
Speaker 2: that's about it. I want to save more, but there's

617
00:29:31,440 --> 00:29:34,080
Speaker 2: nowhere else in my budget. I feel like I can

618
00:29:34,120 --> 00:29:37,440
Speaker 2: slice and dice. What do you guys think? So, what's

619
00:29:37,440 --> 00:29:39,600
Speaker 2: your take on like a budget versus an income problem?

620
00:29:39,680 --> 00:29:43,680
Speaker 3: Chris, This is a great question here, and I think

621
00:29:43,960 --> 00:29:46,719
Speaker 3: sometimes we do get trapped in they Okay, let's let's budget,

622
00:29:46,760 --> 00:29:48,880
Speaker 3: let's cut and let's save where we can, which is

623
00:29:48,920 --> 00:29:51,320
Speaker 3: good to go through and evaluate your budget and see

624
00:29:51,320 --> 00:29:54,960
Speaker 3: where you're maybe wasting money. But the only thing is

625
00:29:55,000 --> 00:29:57,320
Speaker 3: you can only cut so much. If you've already you

626
00:29:57,480 --> 00:29:59,720
Speaker 3: got your stuff under control, and you're really diligent with

627
00:29:59,800 --> 00:30:01,880
Speaker 3: high spend, you're gonna get to a point where you

628
00:30:01,920 --> 00:30:04,959
Speaker 3: just can't cut anything else. And if you want to

629
00:30:05,000 --> 00:30:07,920
Speaker 3: increase your or increase the money available to invest and

630
00:30:07,920 --> 00:30:10,440
Speaker 3: do other things with, yeah, you have to make more.

631
00:30:10,480 --> 00:30:14,840
Speaker 3: Which is is it's much harder than cutting, but it's

632
00:30:15,040 --> 00:30:16,640
Speaker 3: way more impactful in the long run.

633
00:30:17,200 --> 00:30:19,479
Speaker 2: Yeah. I mean, if you guys need to hear it

634
00:30:19,480 --> 00:30:21,480
Speaker 2: here first, although I'm pretty sure we've said it before,

635
00:30:21,880 --> 00:30:24,840
Speaker 2: you cannot budget your way to wealth building. You can't

636
00:30:24,840 --> 00:30:27,880
Speaker 2: do it. You cannot become rich by budgeting. You can

637
00:30:27,920 --> 00:30:30,840
Speaker 2: get part of the way there, certainly you can, and

638
00:30:30,880 --> 00:30:33,400
Speaker 2: it's certainly a good starting point. And I think at

639
00:30:34,120 --> 00:30:35,960
Speaker 2: most levels you should have at least an idea of

640
00:30:36,000 --> 00:30:38,280
Speaker 2: what's going in and what's going out and what's left over.

641
00:30:38,640 --> 00:30:41,560
Speaker 2: Budgeting is amazing, but it ain't going to get you there,

642
00:30:41,600 --> 00:30:44,480
Speaker 2: And I think I think it definitely sounds like if

643
00:30:44,480 --> 00:30:46,400
Speaker 2: you're to the point where you want to put more

644
00:30:46,440 --> 00:30:49,320
Speaker 2: money away and you just don't have it and you can't.

645
00:30:49,640 --> 00:30:51,600
Speaker 2: Literally you've looked at the budget and you're like, what

646
00:30:51,640 --> 00:30:54,360
Speaker 2: am I gonna do? Like live in my car? You can't,

647
00:30:54,520 --> 00:30:56,520
Speaker 2: you know, there's nothing else to slice and dice, like

648
00:30:56,560 --> 00:30:59,120
Speaker 2: you say, so it is time to start looking at

649
00:30:59,160 --> 00:31:02,400
Speaker 2: a couple different things. I am huge about the impact

650
00:31:03,000 --> 00:31:05,640
Speaker 2: your career. I'm very passionate about the impact that your

651
00:31:05,680 --> 00:31:09,200
Speaker 2: career choices can have in helping you accumulate wealth. And

652
00:31:09,280 --> 00:31:12,800
Speaker 2: I'm also huge on looking for additional income streams on

653
00:31:12,880 --> 00:31:15,320
Speaker 2: top of, you know, outside of your nine to five

654
00:31:15,400 --> 00:31:17,800
Speaker 2: job or whatever work you happen to do, so that

655
00:31:17,880 --> 00:31:21,600
Speaker 2: you diversify the income streams that you have After a

656
00:31:21,680 --> 00:31:24,000
Speaker 2: year like this, it certainly feels like a lot of

657
00:31:24,040 --> 00:31:28,760
Speaker 2: people were turning to side hobbies or side hustles as

658
00:31:28,760 --> 00:31:31,560
Speaker 2: they say, you know, you're starting their own businesses to

659
00:31:31,640 --> 00:31:33,800
Speaker 2: bring in extra money. Because it was a real kick

660
00:31:33,800 --> 00:31:36,680
Speaker 2: in the ass, you know, to realize how vulnerable we

661
00:31:36,720 --> 00:31:39,280
Speaker 2: all were, especially those of us who were tied to

662
00:31:39,320 --> 00:31:42,160
Speaker 2: a nine to five job that either you had layoffs

663
00:31:42,280 --> 00:31:44,360
Speaker 2: or cut back hours. I mean, it all felt very

664
00:31:44,400 --> 00:31:48,960
Speaker 2: like scary and a good reminder about the importance of

665
00:31:49,520 --> 00:31:52,440
Speaker 2: having those different income streams. So I mean, Chris, both

666
00:31:52,440 --> 00:31:54,920
Speaker 2: and I You and I both have podcasts. You know,

667
00:31:54,960 --> 00:31:56,440
Speaker 2: I don't think either of us is rolling in the

668
00:31:56,480 --> 00:32:00,680
Speaker 2: dough from the podcast life, but especially not if you're

669
00:32:00,680 --> 00:32:03,960
Speaker 2: getting all the upgraded equipment that it sounds like you're accumulating.

670
00:32:04,600 --> 00:32:07,320
Speaker 2: But you know, talk about like the podcast and what

671
00:32:07,360 --> 00:32:09,440
Speaker 2: other what do you what do you think about different

672
00:32:09,440 --> 00:32:11,800
Speaker 2: income streams and how someone could you know, bring in

673
00:32:11,880 --> 00:32:12,480
Speaker 2: extra wealth.

674
00:32:13,360 --> 00:32:16,160
Speaker 3: Yeah, I mean, obviously I'm I'm a fan of doing

675
00:32:16,240 --> 00:32:19,120
Speaker 3: other things and building other streams of income and businesses

676
00:32:19,120 --> 00:32:21,360
Speaker 3: and just things you own on your own. Because one,

677
00:32:21,440 --> 00:32:23,520
Speaker 3: I just enjoy the process of making something and having

678
00:32:23,600 --> 00:32:25,760
Speaker 3: it something that I've created is just it's just a

679
00:32:25,800 --> 00:32:27,600
Speaker 3: cool experience and just I don't know, it makes you

680
00:32:27,600 --> 00:32:29,520
Speaker 3: feel good, like, look, I've made this thing. I've put

681
00:32:29,560 --> 00:32:32,800
Speaker 3: my time and sweat into this and it's here. So

682
00:32:33,040 --> 00:32:35,840
Speaker 3: I'm definitely for finding things that you're you're passionate about,

683
00:32:36,360 --> 00:32:38,600
Speaker 3: that you enjoy doing, that you see an opportunity to

684
00:32:38,680 --> 00:32:41,840
Speaker 3: have a viable business doing and pursuing those because, like

685
00:32:41,880 --> 00:32:44,480
Speaker 3: you said, you know, jobs are secure until they're not

686
00:32:44,800 --> 00:32:48,920
Speaker 3: until something happens where they need to move on from you. Uh,

687
00:32:49,080 --> 00:32:52,360
Speaker 3: you know, things could change overnight. But but just like you,

688
00:32:52,760 --> 00:32:56,760
Speaker 3: I'm a huge fan of growing within your career. Uh.

689
00:32:56,920 --> 00:32:58,719
Speaker 3: That was one of the biggest things that helped us

690
00:32:58,720 --> 00:33:00,440
Speaker 3: get out of debt. And when we my wife and

691
00:33:00,440 --> 00:33:03,479
Speaker 3: I kind of got serious about our finances, we had

692
00:33:03,480 --> 00:33:05,840
Speaker 3: about twenty seven thousand dollars in credit card debt and

693
00:33:05,840 --> 00:33:08,880
Speaker 3: we were taking home like forty five thousand dollars between

694
00:33:08,880 --> 00:33:12,040
Speaker 3: the two of us, which was not enough money and

695
00:33:12,040 --> 00:33:14,239
Speaker 3: not especially not in southern California. It is not much.

696
00:33:14,320 --> 00:33:14,959
Speaker 2: Did you do that?

697
00:33:16,000 --> 00:33:19,200
Speaker 3: Wow? It was rough. We were living in a tiny house,

698
00:33:19,920 --> 00:33:25,200
Speaker 3: a very small studio for several years, and really we

699
00:33:25,640 --> 00:33:27,560
Speaker 3: cut our budget down to like nothing, like we were

700
00:33:27,600 --> 00:33:31,360
Speaker 3: not having any fun. Nothing was getting spent that didn't

701
00:33:31,400 --> 00:33:34,960
Speaker 3: need to be spent, and it still was going so slow.

702
00:33:35,040 --> 00:33:38,400
Speaker 3: It was such a long journey, and so for me,

703
00:33:38,520 --> 00:33:40,760
Speaker 3: that's why I went and I left it. Okay, this

704
00:33:40,800 --> 00:33:42,760
Speaker 3: is how much I'm making. I think at the time,

705
00:33:42,960 --> 00:33:44,960
Speaker 3: I've got how much I was making by myself, but

706
00:33:44,960 --> 00:33:47,480
Speaker 3: it wasn't I clearly wasn't a lot. What do I

707
00:33:47,520 --> 00:33:49,400
Speaker 3: need to do? And so that's when I started saying,

708
00:33:49,400 --> 00:33:51,760
Speaker 3: all right, what professional organizations can I join. I started

709
00:33:51,800 --> 00:33:55,120
Speaker 3: joining these different groups for bookkeepers, and I would go

710
00:33:55,240 --> 00:33:57,800
Speaker 3: to conferences and I would help organize the speakers, and

711
00:33:57,800 --> 00:33:59,840
Speaker 3: then I would meet other people from other places, and

712
00:34:00,640 --> 00:34:02,920
Speaker 3: I would find out about new openings and build up

713
00:34:02,920 --> 00:34:05,360
Speaker 3: my resumes. When I applied for the next job, it's like,

714
00:34:05,360 --> 00:34:07,000
Speaker 3: whoh you did all of this, Like, oh, yeah, you know,

715
00:34:07,000 --> 00:34:09,120
Speaker 3: you can kind of pump yourself up, and so doing

716
00:34:09,200 --> 00:34:11,560
Speaker 3: things like that it allowed me to increase my income

717
00:34:11,920 --> 00:34:13,560
Speaker 3: so much faster than if I would have just stayed

718
00:34:13,560 --> 00:34:16,239
Speaker 3: at my one job and hoped for a nice raise,

719
00:34:16,560 --> 00:34:17,719
Speaker 3: which wasn't going to gum.

720
00:34:17,800 --> 00:34:21,160
Speaker 2: What were you doing at the time your backgrounds in accounting? Uh?

721
00:34:21,200 --> 00:34:23,560
Speaker 3: Yeah, like accounting and bookkeeping work. So at the time

722
00:34:23,640 --> 00:34:26,040
Speaker 3: I was a payroll supervisor. I was running a peril

723
00:34:26,120 --> 00:34:30,120
Speaker 3: department at a school district actually, and so.

724
00:34:30,239 --> 00:34:33,520
Speaker 2: You're managing paychecks and trying to get a bigger one exactly.

725
00:34:33,960 --> 00:34:35,960
Speaker 3: I would see everyone who was making more money than

726
00:34:35,960 --> 00:34:37,400
Speaker 3: me and be like, all right, I need to do

727
00:34:37,440 --> 00:34:38,080
Speaker 3: something about this.

728
00:34:38,200 --> 00:34:39,240
Speaker 2: That's got to be really depressed.

729
00:34:42,800 --> 00:34:44,640
Speaker 3: You know, when you see some of those paychecks, you're like,

730
00:34:44,680 --> 00:34:46,560
Speaker 3: I don't know what these people are doing right now,

731
00:34:46,600 --> 00:34:48,799
Speaker 3: but I need to make some changes and get one

732
00:34:48,800 --> 00:34:51,279
Speaker 3: of these because it's way more than I'm geting.

733
00:34:51,640 --> 00:34:53,440
Speaker 2: You know what's bad if you're like jealous of a

734
00:34:53,719 --> 00:34:55,640
Speaker 2: like a I don't know what kind of school teachers

735
00:34:55,680 --> 00:34:58,960
Speaker 2: these were, but uh, I'm feeling like a middle school

736
00:34:59,000 --> 00:35:02,040
Speaker 2: math teacher is making more. It's like, ooh, okay.

737
00:35:01,760 --> 00:35:04,560
Speaker 3: It's time. Yeah. I was like, because we all know

738
00:35:04,560 --> 00:35:07,040
Speaker 3: teachers aren't paid that well, and I was getting paid

739
00:35:07,080 --> 00:35:08,920
Speaker 3: a lot less than than the majority of teachers.

740
00:35:09,480 --> 00:35:13,080
Speaker 2: That's a crime. Yeah, I've I love that, you know.

741
00:35:13,200 --> 00:35:16,480
Speaker 2: I was recently celebrating with my husband because we've really

742
00:35:16,560 --> 00:35:18,920
Speaker 2: been focused on increasing our net worth and we we

743
00:35:19,560 --> 00:35:21,799
Speaker 2: did the math with our planner and realized that we

744
00:35:21,920 --> 00:35:24,640
Speaker 2: have increased our net worth by tenfold in the last

745
00:35:24,680 --> 00:35:25,280
Speaker 2: five years.

746
00:35:25,560 --> 00:35:25,920
Speaker 3: Wow.

747
00:35:25,960 --> 00:35:28,160
Speaker 2: And I was I was sitting down and we're gonna

748
00:35:28,200 --> 00:35:30,879
Speaker 2: I'm gonna do a specific show about it. But as

749
00:35:30,920 --> 00:35:33,319
Speaker 2: I was sitting through and working through, you know, how

750
00:35:33,360 --> 00:35:35,680
Speaker 2: did we do this? I'll tell you one thing. It

751
00:35:35,719 --> 00:35:40,359
Speaker 2: wasn't by budgeting the most significant the biggest reasons. And

752
00:35:40,400 --> 00:35:42,759
Speaker 2: I part of me almost feels a little or used

753
00:35:42,800 --> 00:35:48,040
Speaker 2: to feel a little, not ashamed. But I think people

754
00:35:48,080 --> 00:35:51,359
Speaker 2: want to hear that we just pulled ourselves up by

755
00:35:51,360 --> 00:35:54,439
Speaker 2: our bootstraps, and you know, we coopon clipped and we

756
00:35:55,160 --> 00:35:57,960
Speaker 2: and we we were good people and we just worked

757
00:35:57,960 --> 00:36:00,920
Speaker 2: real hard. They want to hear that kind of story.

758
00:36:01,040 --> 00:36:05,120
Speaker 2: But the truth is was that I was super ruthless

759
00:36:05,480 --> 00:36:10,920
Speaker 2: with pursuing new opportunities when two things were true. When

760
00:36:10,960 --> 00:36:14,200
Speaker 2: I could earn significantly more and when I could challenge

761
00:36:14,239 --> 00:36:16,800
Speaker 2: myself professionally, so when I could when I was offered,

762
00:36:17,560 --> 00:36:19,360
Speaker 2: when I was offered I was in other jobs, and

763
00:36:19,360 --> 00:36:22,520
Speaker 2: when I was offered opportunities to move to a different company,

764
00:36:22,920 --> 00:36:27,400
Speaker 2: as long as the opportunity was professionally rich like I could,

765
00:36:27,520 --> 00:36:29,719
Speaker 2: I was learning a new skill, I was getting to

766
00:36:29,760 --> 00:36:32,279
Speaker 2: try a new position or something like that, and it

767
00:36:32,320 --> 00:36:35,840
Speaker 2: came with additional income. I was definitely willing to take it.

768
00:36:35,880 --> 00:36:40,240
Speaker 2: And I was very risky with some of my career choices,

769
00:36:40,680 --> 00:36:43,400
Speaker 2: and they could have gone the other way entirely, you know,

770
00:36:43,480 --> 00:36:48,520
Speaker 2: without with risk comes rewards or you know, disaster. But

771
00:36:48,680 --> 00:36:51,279
Speaker 2: it was because of those choices I was able to negotiate,

772
00:36:51,719 --> 00:36:56,840
Speaker 2: you know, thirty percent fifty percent raises equity in companies

773
00:36:56,840 --> 00:36:59,920
Speaker 2: that I was joining, which opened me up to even addition,

774
00:37:00,080 --> 00:37:04,160
Speaker 2: no opportunities to build wealth as long as that stock

775
00:37:04,200 --> 00:37:06,600
Speaker 2: price in that company went up, which I was fortunate

776
00:37:06,680 --> 00:37:09,880
Speaker 2: enough to have that happen sometimes. So like, those are

777
00:37:09,920 --> 00:37:13,279
Speaker 2: the types of things that that I'm I'm ready to

778
00:37:13,280 --> 00:37:15,759
Speaker 2: just be honest about it because there's no shame in it.

779
00:37:15,760 --> 00:37:18,879
Speaker 2: In fact, I had to do it. I'm a black

780
00:37:18,880 --> 00:37:21,239
Speaker 2: woman in America, you know, like we don't make that

781
00:37:21,320 --> 00:37:25,160
Speaker 2: much money. We make sixty percent of what a white

782
00:37:25,160 --> 00:37:28,839
Speaker 2: man earns. So for me, I just always thought about

783
00:37:29,400 --> 00:37:31,480
Speaker 2: when I went into like a salary negotiation, or when

784
00:37:31,520 --> 00:37:34,520
Speaker 2: I was approached by a competitor or a different company

785
00:37:34,560 --> 00:37:36,840
Speaker 2: to come work for them, I really looked at that

786
00:37:36,880 --> 00:37:39,560
Speaker 2: as an opportunity it's often the best opportunity you can

787
00:37:39,600 --> 00:37:43,440
Speaker 2: get to negotiate a higher salary and staying at the

788
00:37:43,440 --> 00:37:46,040
Speaker 2: same place for a long time. It ain't it, y'all.

789
00:37:46,080 --> 00:37:48,560
Speaker 2: It is not it in terms of in terms of

790
00:37:48,600 --> 00:37:51,719
Speaker 2: salary growth, especially if you came in entry level, that

791
00:37:51,880 --> 00:37:55,960
Speaker 2: is not the way to increase your income unless. I mean,

792
00:37:55,960 --> 00:37:57,480
Speaker 2: you can stay there if you love your job, But

793
00:37:57,520 --> 00:37:59,880
Speaker 2: then you got to start side hustling on, you know,

794
00:38:00,560 --> 00:38:03,160
Speaker 2: get a side business or take a hobby and start

795
00:38:03,160 --> 00:38:06,160
Speaker 2: bringing in cash, you know, on top of your earnings.

796
00:38:06,160 --> 00:38:10,400
Speaker 2: But loyalty does not pay in corporate America. It doesn't.

797
00:38:10,480 --> 00:38:12,920
Speaker 2: I am proof of that. I really had to make

798
00:38:12,960 --> 00:38:16,560
Speaker 2: those big, scary leaps to get to where I am today,

799
00:38:16,640 --> 00:38:18,120
Speaker 2: to get those bigger paydays.

800
00:38:18,880 --> 00:38:21,840
Speaker 3: No, I mean, I love that so much because I've

801
00:38:21,920 --> 00:38:25,439
Speaker 3: seen it where in a situation no one I won't

802
00:38:25,520 --> 00:38:27,279
Speaker 3: name a place so no one can figure out what

803
00:38:27,280 --> 00:38:29,399
Speaker 3: I'm talking about, but that was the place.

804
00:38:29,600 --> 00:38:32,359
Speaker 2: Well, we'll leave Chris alone. Don't get it, don't get them

805
00:38:32,360 --> 00:38:33,040
Speaker 2: in trouble.

806
00:38:32,800 --> 00:38:34,760
Speaker 3: Don't get me in trouble. Please don't go research this place.

807
00:38:34,920 --> 00:38:36,960
Speaker 3: But I was working at this place. There's a woman there,

808
00:38:37,000 --> 00:38:39,560
Speaker 3: she was amazing at her job, she was amazing, and

809
00:38:39,680 --> 00:38:41,400
Speaker 3: she just wanted She didn't didn't eve think she was

810
00:38:41,400 --> 00:38:43,400
Speaker 3: asking for a raise. She just wanted a better title

811
00:38:43,480 --> 00:38:46,879
Speaker 3: than what she had. And they're like, no, we can't

812
00:38:46,920 --> 00:38:49,239
Speaker 3: do that. I'm sorry, it's something so easy. They were like, no,

813
00:38:49,280 --> 00:38:51,799
Speaker 3: we can't do that, but what you're great? So she's like,

814
00:38:51,800 --> 00:38:52,960
Speaker 3: you know what, all right, I'm out of here. So

815
00:38:52,960 --> 00:38:55,000
Speaker 3: she left, got a better job, got the title she wanted,

816
00:38:55,040 --> 00:38:57,319
Speaker 3: and got a pay raise. The person they brought in

817
00:38:57,360 --> 00:38:59,920
Speaker 3: to replace her, they gave the title that she wanted

818
00:39:00,480 --> 00:39:02,640
Speaker 3: and more money, and it was like they could have

819
00:39:02,640 --> 00:39:04,520
Speaker 3: done it all along, but it was just like, well,

820
00:39:04,719 --> 00:39:07,200
Speaker 3: they think we have you here, you're not going to leave,

821
00:39:07,520 --> 00:39:10,160
Speaker 3: so we're not going to do anything. And that's where

822
00:39:10,160 --> 00:39:11,680
Speaker 3: you like, I mean, I agree with you one hundred percent.

823
00:39:11,719 --> 00:39:13,440
Speaker 3: That's that's the only way you're going to make these

824
00:39:13,440 --> 00:39:16,920
Speaker 3: significant leaps sometimes is to define better opportunities outside of

825
00:39:16,920 --> 00:39:19,279
Speaker 3: where you are, because they have no incentive to make

826
00:39:19,280 --> 00:39:20,600
Speaker 3: your pay jump significantly.

827
00:39:21,360 --> 00:39:24,160
Speaker 2: And you may think that they're the nicest people. You know,

828
00:39:24,239 --> 00:39:26,400
Speaker 2: they've come to your housewarming parties, they gave you a

829
00:39:26,480 --> 00:39:28,360
Speaker 2: nice little gift when you had a baby or you

830
00:39:28,400 --> 00:39:31,399
Speaker 2: got married, it does like they're not going It takes

831
00:39:31,440 --> 00:39:33,800
Speaker 2: a lot of effort. I was that manager who really

832
00:39:33,840 --> 00:39:36,320
Speaker 2: fought for raises and promotions for my people when I

833
00:39:36,360 --> 00:39:40,040
Speaker 2: didn't have to because I wanted to retain them. I

834
00:39:40,080 --> 00:39:41,759
Speaker 2: and there were plenty of people who just don't do

835
00:39:41,840 --> 00:39:44,320
Speaker 2: that because it takes a lot of time. It takes effort.

836
00:39:44,360 --> 00:39:46,719
Speaker 2: You got to like do your research, you got to

837
00:39:46,760 --> 00:39:49,000
Speaker 2: bat for people. It's just not in a lot of

838
00:39:49,000 --> 00:39:52,279
Speaker 2: people's best interests to go to bat for folks. That's work.

839
00:39:52,360 --> 00:39:54,799
Speaker 2: So yeah, I love that example. I mean, I hate it,

840
00:39:55,160 --> 00:39:57,520
Speaker 2: but it's a really good example of what we're talking

841
00:39:57,560 --> 00:40:01,560
Speaker 2: about here. Loyalty does not pay all mm hmm. But

842
00:40:02,040 --> 00:40:04,040
Speaker 2: I want to talk a bit about before we get

843
00:40:04,040 --> 00:40:06,880
Speaker 2: to the next question about starting a new business. Like

844
00:40:06,920 --> 00:40:09,080
Speaker 2: I literally I'm at a point where I just started

845
00:40:09,120 --> 00:40:13,520
Speaker 2: a new business. Hell guys, I'm I'm the CEO and

846
00:40:13,640 --> 00:40:18,120
Speaker 2: founder of Mandy Money Media, which is a independent content

847
00:40:18,239 --> 00:40:22,080
Speaker 2: consulting firm and editing and writing business. Yay, do I

848
00:40:22,080 --> 00:40:25,200
Speaker 2: get the pendant? Thanks? You know, do my own thing.

849
00:40:25,239 --> 00:40:28,960
Speaker 2: After a long, well like a decade of experience, I'm

850
00:40:29,480 --> 00:40:32,000
Speaker 2: striking out on my own and what's so fun for

851
00:40:32,080 --> 00:40:35,040
Speaker 2: me has been doing these things, Like I filed for

852
00:40:35,040 --> 00:40:38,440
Speaker 2: an LLC. It's shockingly easy to do this, y'all. You

853
00:40:38,480 --> 00:40:40,360
Speaker 2: just need a little bit of money and like Google,

854
00:40:40,440 --> 00:40:42,160
Speaker 2: like you just had a Google. If you go to

855
00:40:42,160 --> 00:40:45,640
Speaker 2: your state's Department of Labor website or just google your

856
00:40:45,719 --> 00:40:49,680
Speaker 2: state LLC, it'll have a very easy to fill out form,

857
00:40:50,040 --> 00:40:53,200
Speaker 2: pick your name, give them your little coins. I had

858
00:40:53,239 --> 00:40:56,520
Speaker 2: it within minutes. I got approved and got my my

859
00:40:56,760 --> 00:40:59,480
Speaker 2: LLC established. And then it's what the i RS do?

860
00:40:59,640 --> 00:41:03,400
Speaker 2: Did you do? Piet? We get a taxpayer or an

861
00:41:03,400 --> 00:41:06,120
Speaker 2: employee ID number through the i RS dot gov.

862
00:41:07,120 --> 00:41:08,759
Speaker 3: And that's such an easy process. And then you don't

863
00:41:08,800 --> 00:41:10,520
Speaker 3: have to give people your Social Security number either.

864
00:41:11,080 --> 00:41:12,600
Speaker 2: Yeah, I mean I think I might have to like

865
00:41:12,640 --> 00:41:15,719
Speaker 2: get it, but yeah, I was. I was shocked. It

866
00:41:15,800 --> 00:41:17,960
Speaker 2: was instantly, Oh, here's your e i N. Here you go.

867
00:41:18,400 --> 00:41:20,080
Speaker 2: And once I had that ei N, what did I do?

868
00:41:20,120 --> 00:41:22,200
Speaker 2: I went and got a business bank account, just did

869
00:41:22,239 --> 00:41:24,680
Speaker 2: some Googles to find the best one. Although I will say,

870
00:41:24,680 --> 00:41:26,560
Speaker 2: I don't know if you have a business bank account

871
00:41:26,640 --> 00:41:27,640
Speaker 2: or credit card yet, do you?

872
00:41:28,200 --> 00:41:29,880
Speaker 3: Uh? Yeah, I do have the credit card. I've not

873
00:41:29,920 --> 00:41:31,600
Speaker 3: gone to the banking route. I'm still I mean I

874
00:41:31,600 --> 00:41:35,080
Speaker 3: probably shouldn't be saying this out loud, but yeah, maybe

875
00:41:35,080 --> 00:41:37,560
Speaker 3: you lessonings and personal accounts as business accounts right now.

876
00:41:38,040 --> 00:41:39,880
Speaker 2: You know, that's cool. It depends on how you. I

877
00:41:40,160 --> 00:41:41,799
Speaker 2: did learn that, you know, when I was trying to

878
00:41:41,840 --> 00:41:44,200
Speaker 2: decide whether to do an LLC or work as a

879
00:41:44,200 --> 00:41:47,800
Speaker 2: sole proprietor. It's very different, like in terms of how

880
00:41:48,480 --> 00:41:52,279
Speaker 2: how you can commingle your personal versus professional expenses and

881
00:41:52,320 --> 00:41:54,759
Speaker 2: things like that. But definitely I got a phone with

882
00:41:54,760 --> 00:41:56,759
Speaker 2: my CPA and he was like, LLC is the way

883
00:41:56,800 --> 00:41:59,640
Speaker 2: to go. So that's what I did. And yeah, but

884
00:41:59,760 --> 00:42:03,360
Speaker 2: then it took seconds and the oh the business bank account.

885
00:42:03,400 --> 00:42:05,600
Speaker 2: What I was going to say, is I because that's

886
00:42:05,640 --> 00:42:09,279
Speaker 2: I wanted. I'm gonna get paid soon, hopefully, hopefully soon

887
00:42:09,320 --> 00:42:12,560
Speaker 2: from clients. You know, I'm manifesting it like my husband

888
00:42:12,680 --> 00:42:16,239
Speaker 2: installing his Tesla charger five months before he actually had

889
00:42:16,239 --> 00:42:19,040
Speaker 2: a Tesla. I'm going to get this. I got a

890
00:42:19,040 --> 00:42:22,520
Speaker 2: bank account through a online bank, and it was kind

891
00:42:22,520 --> 00:42:26,120
Speaker 2: of hard to find a fee free business bank account.

892
00:42:26,320 --> 00:42:28,839
Speaker 2: It seems like a lot of them charge. They either

893
00:42:28,880 --> 00:42:32,040
Speaker 2: have a minimum required balance, which I don't know if

894
00:42:32,040 --> 00:42:33,920
Speaker 2: I'm gonna make I'm gonna make money, but like, I can't,

895
00:42:34,080 --> 00:42:36,200
Speaker 2: I can't commit right now that I'm going to be

896
00:42:36,239 --> 00:42:39,080
Speaker 2: making a certain amount. Yeah, so it took a lot

897
00:42:39,120 --> 00:42:43,839
Speaker 2: of comparing and contrasting, but I definitely I was able

898
00:42:43,880 --> 00:42:46,080
Speaker 2: to get one. And you have to have your EI

899
00:42:46,239 --> 00:42:49,200
Speaker 2: N in order to get one set up. And then

900
00:42:49,239 --> 00:42:52,879
Speaker 2: I got approved for a personal sorry, a business credit card,

901
00:42:53,160 --> 00:42:56,160
Speaker 2: which was exciting. So it's it. You can do it.

902
00:42:56,200 --> 00:42:58,680
Speaker 2: And look, I'm a business who. You can't tell me nothing.

903
00:42:58,719 --> 00:43:02,279
Speaker 2: I'm a business owner, right, I don't need a storefront.

904
00:43:03,719 --> 00:43:04,680
Speaker 2: I'm doing it.

905
00:43:04,680 --> 00:43:06,640
Speaker 3: It's so different than what people thought of, like what

906
00:43:06,840 --> 00:43:08,320
Speaker 3: people I think. We have a much different image in

907
00:43:08,360 --> 00:43:10,680
Speaker 3: our head of what it takes to be a business owners.

908
00:43:10,719 --> 00:43:13,880
Speaker 3: It's so it's such an easy process these days, it

909
00:43:13,960 --> 00:43:14,520
Speaker 3: really is.

910
00:43:14,600 --> 00:43:17,279
Speaker 2: So I hope that that motivates y'all and inspires you

911
00:43:17,360 --> 00:43:20,400
Speaker 2: to look at you know, if you're like me and

912
00:43:20,440 --> 00:43:23,279
Speaker 2: you've been doing something for a long time, you know,

913
00:43:23,360 --> 00:43:25,800
Speaker 2: and you realize you've got a certain set of skills

914
00:43:25,800 --> 00:43:29,799
Speaker 2: that companies would pay to take advantage of or leverage

915
00:43:30,440 --> 00:43:32,640
Speaker 2: you know. That's a way of like let's say I

916
00:43:32,680 --> 00:43:34,560
Speaker 2: was still doing my you know, had a nine to

917
00:43:34,600 --> 00:43:38,040
Speaker 2: five job. I could I could feasibly do this on

918
00:43:38,080 --> 00:43:41,319
Speaker 2: the side and just bring in some extra income, and

919
00:43:41,800 --> 00:43:45,560
Speaker 2: that's the beginning again to true wealth building. So I

920
00:43:45,600 --> 00:43:48,239
Speaker 2: love that Tiffany covered that in her book, Get It

921
00:43:48,239 --> 00:43:50,520
Speaker 2: with Lenny dot Com. Y'all she got the book. I

922
00:43:50,560 --> 00:43:52,040
Speaker 2: love that she covered that in the book because it

923
00:43:52,080 --> 00:43:55,280
Speaker 2: really is like it's the next level from just basic budgeting,

924
00:43:55,680 --> 00:43:57,000
Speaker 2: really focusing on your income.

925
00:43:57,600 --> 00:44:00,200
Speaker 3: Yeah, it really is such a great idea. And I've

926
00:44:00,200 --> 00:44:02,680
Speaker 3: started to discover too, is that the bar is actually

927
00:44:02,800 --> 00:44:06,000
Speaker 3: very low for a lot of what people consider good work.

928
00:44:06,280 --> 00:44:11,240
Speaker 3: I'm very shocked for whatever it's right in my mind,

929
00:44:11,400 --> 00:44:13,520
Speaker 3: it's like people are like, if you're gonna do something

930
00:44:13,520 --> 00:44:15,320
Speaker 3: for a company, it's like it has to be the

931
00:44:15,760 --> 00:44:18,600
Speaker 3: best thing that's ever been made. But I've I've I'm

932
00:44:18,600 --> 00:44:20,880
Speaker 3: not gonna again, I'm not gonna name any companies, but

933
00:44:20,960 --> 00:44:24,840
Speaker 3: I've I've witnessed some some businesses doing work that I'm like,

934
00:44:24,960 --> 00:44:26,360
Speaker 3: that's all it took for you to get paid, And well,

935
00:44:26,400 --> 00:44:27,799
Speaker 3: I guess I need to step it up and do

936
00:44:27,880 --> 00:44:29,440
Speaker 3: some other things.

937
00:44:29,960 --> 00:44:33,080
Speaker 2: I know well in my career I've employed people like myself,

938
00:44:33,120 --> 00:44:35,560
Speaker 2: and I'm like, I know exactly how much mediocrity there

939
00:44:35,640 --> 00:44:37,080
Speaker 2: is out there. I'm gonna go out there and be

940
00:44:37,160 --> 00:44:39,360
Speaker 2: the best, and it's not going to be that hard

941
00:44:39,680 --> 00:44:42,600
Speaker 2: because it's a lot of mediocrep. Okay, not to shave anybody,

942
00:44:44,160 --> 00:44:47,000
Speaker 2: but it's a really good point. It truly is, and

943
00:44:47,080 --> 00:44:50,759
Speaker 2: I yeah, I'm excited about this new journey. And thank

944
00:44:50,800 --> 00:44:54,120
Speaker 2: you Lachene for your question and for checking out our podcast.

945
00:44:54,200 --> 00:44:57,680
Speaker 2: I love that. Well, let's take one other question. This

946
00:44:57,760 --> 00:45:03,160
Speaker 2: one is a juicy one because as Jerry millennials, Chris, I'm.

947
00:45:03,040 --> 00:45:04,600
Speaker 3: Really not liking this title. I'm really not.

948
00:45:05,520 --> 00:45:09,680
Speaker 2: As old ass millennials like we. Life insurance is like

949
00:45:09,760 --> 00:45:11,799
Speaker 2: what we talk about at cookouts now right, it's what

950
00:45:12,000 --> 00:45:14,560
Speaker 2: you know. Maybe at my cookouts we talk a little

951
00:45:14,560 --> 00:45:17,319
Speaker 2: bit about life insurance, but I don't know about you.

952
00:45:17,680 --> 00:45:19,520
Speaker 2: But that's what our next question is about. So let's

953
00:45:19,600 --> 00:45:22,520
Speaker 2: get in it all right. This one's from anonymous, and

954
00:45:22,560 --> 00:45:24,719
Speaker 2: they say, my husband and I are getting ready to

955
00:45:24,719 --> 00:45:28,200
Speaker 2: buy life insurance. We have a three year old, a house,

956
00:45:28,320 --> 00:45:31,480
Speaker 2: we have good jobs, we're working on wealth and building

957
00:45:31,640 --> 00:45:36,000
Speaker 2: our or getting our life secure. Do you guys recommend

958
00:45:36,160 --> 00:45:43,560
Speaker 2: whole or term life insurance? Very sexy, interesting question, but

959
00:45:43,640 --> 00:45:47,560
Speaker 2: an important one. Let's talk about the difference between whole

960
00:45:47,680 --> 00:45:51,839
Speaker 2: versus term life insurance, Chris, anything you want to jump into.

961
00:45:52,600 --> 00:45:54,880
Speaker 3: Uh yeah, So term life is kind of like what

962
00:45:54,880 --> 00:45:57,359
Speaker 3: it sounds like, it's it's good for us set term.

963
00:45:57,480 --> 00:46:00,080
Speaker 3: So you normally say how many years you'd like this

964
00:46:00,120 --> 00:46:02,400
Speaker 3: policy to be good for, so you know, ten, twenty

965
00:46:03,080 --> 00:46:06,520
Speaker 3: plus years, and you typically go with this to you know,

966
00:46:06,560 --> 00:46:08,000
Speaker 3: cover a period of time where you're like, hey, if

967
00:46:08,040 --> 00:46:10,880
Speaker 3: something were to happen, we would definitely need some support

968
00:46:10,920 --> 00:46:12,840
Speaker 3: for other people in the family who I'm leaving behind.

969
00:46:13,080 --> 00:46:16,319
Speaker 3: Whereas whole life policy, it's as long as you're still

970
00:46:16,320 --> 00:46:18,560
Speaker 3: paying your premiums, it's good for your whole life.

971
00:46:19,440 --> 00:46:21,399
Speaker 2: Yeah, And is that the kind where you can maybe

972
00:46:21,400 --> 00:46:23,560
Speaker 2: get some annuities later on where it kind of pays

973
00:46:23,560 --> 00:46:24,520
Speaker 2: you out in retirement.

974
00:46:25,040 --> 00:46:27,200
Speaker 3: Well, with the whole life policy, you can build up

975
00:46:27,239 --> 00:46:30,000
Speaker 3: like a cash balance almost in it as you put

976
00:46:30,000 --> 00:46:32,000
Speaker 3: more and more money into these policies. So there are

977
00:46:32,520 --> 00:46:35,759
Speaker 3: situations where you can pull money out of these policies

978
00:46:35,840 --> 00:46:38,040
Speaker 3: or pass them on just depending on the type of

979
00:46:38,080 --> 00:46:39,400
Speaker 3: a whole life insurance you go with.

980
00:46:40,239 --> 00:46:42,680
Speaker 2: Gotcha, And this is big business for a lot of

981
00:46:43,080 --> 00:46:46,320
Speaker 2: financial planners out there, especially if you're working with traditional

982
00:46:46,560 --> 00:46:49,279
Speaker 2: financial advisors because a lot of them are in the

983
00:46:49,280 --> 00:46:53,400
Speaker 2: business of literally selling insurance products to their customers, and

984
00:46:53,440 --> 00:46:56,560
Speaker 2: that's why it's important to vet your financial advisor. I mean,

985
00:46:56,560 --> 00:46:59,600
Speaker 2: no shade, I mean obviously, insurance is a very important product.

986
00:46:59,640 --> 00:47:01,640
Speaker 2: You want to you want your family to be taken

987
00:47:01,640 --> 00:47:05,040
Speaker 2: care of if you were to pass away. That's literally

988
00:47:05,080 --> 00:47:08,440
Speaker 2: what it's for. But because they can be really lucrative,

989
00:47:08,480 --> 00:47:12,000
Speaker 2: like like especially whole term whole insurance, like Chris was

990
00:47:12,040 --> 00:47:15,120
Speaker 2: talking about, Like you're talking about someone paying you monthly

991
00:47:15,239 --> 00:47:18,080
Speaker 2: for their entire life. So that's like a especially if

992
00:47:18,120 --> 00:47:21,080
Speaker 2: you're someone who works on commission, that's a cash cow. Baby,

993
00:47:21,120 --> 00:47:24,200
Speaker 2: that's a cash cow. So they, like the financial planner

994
00:47:24,200 --> 00:47:26,880
Speaker 2: is getting an annuity out of you, you know, basically

995
00:47:27,719 --> 00:47:31,440
Speaker 2: when you sign up for a whole insurance Yah. And

996
00:47:31,920 --> 00:47:34,120
Speaker 2: so you do have to think about that. Now, do

997
00:47:34,160 --> 00:47:36,560
Speaker 2: you have life insurance? Chris? Like, have you bought a

998
00:47:36,600 --> 00:47:39,359
Speaker 2: policy for you and your your wife outside of what

999
00:47:39,480 --> 00:47:40,400
Speaker 2: your work might offer you?

1000
00:47:40,800 --> 00:47:43,600
Speaker 3: So, yeah, we have term life insurance. And I think

1001
00:47:43,800 --> 00:47:47,080
Speaker 3: for the reason you mentioned that, like whole life, there's

1002
00:47:47,160 --> 00:47:50,279
Speaker 3: there's definitely circumstances where people could utilize that and it'd

1003
00:47:50,280 --> 00:47:53,239
Speaker 3: be useful for what they have going on. But oftentimes,

1004
00:47:53,400 --> 00:47:56,440
Speaker 3: like those commissions are very nice for those whole whole

1005
00:47:56,480 --> 00:47:58,799
Speaker 3: life policies. That's why they often get pushed as an

1006
00:47:58,840 --> 00:48:00,560
Speaker 3: alternative to you in best on your own.

1007
00:48:01,520 --> 00:48:04,640
Speaker 2: Yeah, absolutely, and that's for me, that was the deciding factor.

1008
00:48:04,680 --> 00:48:07,520
Speaker 2: So I just had a baby too, So like our listener,

1009
00:48:07,920 --> 00:48:09,760
Speaker 2: she has a young child three years old, my son's

1010
00:48:09,800 --> 00:48:13,040
Speaker 2: eighteen months. When I finally had the baby, that's when

1011
00:48:13,040 --> 00:48:15,160
Speaker 2: I was like, oh god, my life matters now. I mean,

1012
00:48:15,239 --> 00:48:18,960
Speaker 2: of course that mattered before, but like my earning. You know,

1013
00:48:19,000 --> 00:48:23,160
Speaker 2: my husband, he's gainfully employed, he's young, but my son,

1014
00:48:23,239 --> 00:48:25,399
Speaker 2: you know that that was my wake up call really

1015
00:48:25,440 --> 00:48:27,960
Speaker 2: to get my own policy. And also a colleague of

1016
00:48:27,960 --> 00:48:30,319
Speaker 2: mine in the past had told me, you know, you

1017
00:48:30,360 --> 00:48:33,800
Speaker 2: really ought to get your own life insurance policy beyond

1018
00:48:33,800 --> 00:48:36,320
Speaker 2: what you're At the time, I was working for an employer,

1019
00:48:36,320 --> 00:48:40,200
Speaker 2: and most employers provide free life insurance or it's like

1020
00:48:40,239 --> 00:48:42,760
Speaker 2: a dollar or two dollars or something like that, because

1021
00:48:42,760 --> 00:48:45,640
Speaker 2: it's not enough coverage to really last the life of

1022
00:48:45,680 --> 00:48:48,520
Speaker 2: your child. And like, for example, I think in the past,

1023
00:48:48,560 --> 00:48:51,319
Speaker 2: I've had life insurance through work that's like two hundred

1024
00:48:51,360 --> 00:48:55,800
Speaker 2: thousand dollars and maybe like some short term disability coverage.

1025
00:48:55,840 --> 00:48:58,520
Speaker 2: But you know, I ended up getting a policy that

1026
00:48:58,560 --> 00:49:01,319
Speaker 2: was valued at a million dollars and I came to

1027
00:49:01,360 --> 00:49:03,960
Speaker 2: that at the time. It could have been higher. There's

1028
00:49:03,960 --> 00:49:07,040
Speaker 2: a rule of thumb that says to ten x your

1029
00:49:07,120 --> 00:49:10,920
Speaker 2: salary to get your your policy. But I think I

1030
00:49:10,960 --> 00:49:13,920
Speaker 2: was earning like two hundred thousand at the time, so

1031
00:49:14,440 --> 00:49:17,080
Speaker 2: two million dollars seemed like a lot of money. So

1032
00:49:17,320 --> 00:49:19,680
Speaker 2: I was like, okay, let me just start with one,

1033
00:49:20,320 --> 00:49:22,800
Speaker 2: see how that goes. But yeah, I ended up doing

1034
00:49:23,160 --> 00:49:27,240
Speaker 2: a twenty I think a twenty five year term because

1035
00:49:27,239 --> 00:49:31,120
Speaker 2: for me, it's not just about it is about, of course,

1036
00:49:31,280 --> 00:49:35,239
Speaker 2: providing a financial windfall for your family so that they

1037
00:49:35,280 --> 00:49:38,120
Speaker 2: can move on without you and still you know, maintain

1038
00:49:38,160 --> 00:49:41,400
Speaker 2: the same quality of life. But it's also you know,

1039
00:49:41,480 --> 00:49:44,480
Speaker 2: how likely am I to make it to my I'm

1040
00:49:44,520 --> 00:49:47,160
Speaker 2: thirty three now, how likely am I to live till

1041
00:49:47,560 --> 00:49:51,120
Speaker 2: I'm sixty, you know? Or how much how long do

1042
00:49:51,200 --> 00:49:54,680
Speaker 2: I want them to be covered? Basically, and I figure

1043
00:49:54,800 --> 00:49:57,760
Speaker 2: by the time I'm sixty, if I'm still around, they'll

1044
00:49:58,080 --> 00:49:59,920
Speaker 2: the kids if I have more than one, they'll be

1045
00:50:00,480 --> 00:50:02,120
Speaker 2: you know, adults and will be able to take care

1046
00:50:02,160 --> 00:50:05,000
Speaker 2: of themselves and by then I will have like saved

1047
00:50:05,120 --> 00:50:09,000
Speaker 2: invested for their college expenses or whatnot. So I felt

1048
00:50:09,040 --> 00:50:12,120
Speaker 2: very comfortable just doing the twenty five year term for

1049
00:50:12,800 --> 00:50:15,239
Speaker 2: my life insurance for that and then like you said,

1050
00:50:15,239 --> 00:50:18,560
Speaker 2: like you could do the whole life insurance and put

1051
00:50:18,600 --> 00:50:20,560
Speaker 2: a bunch of money away and then have your cash balance.

1052
00:50:20,600 --> 00:50:23,080
Speaker 2: But you could also just do that in a brokerage

1053
00:50:23,080 --> 00:50:26,879
Speaker 2: account and put money away and potentially make even more

1054
00:50:26,880 --> 00:50:29,080
Speaker 2: over time to create wealth for yourself.

1055
00:50:29,640 --> 00:50:32,160
Speaker 3: Yeah, exactly. I wanted to ask you too, like so

1056
00:50:32,320 --> 00:50:34,880
Speaker 3: for you and your husband, was that a difficult conversation

1057
00:50:34,920 --> 00:50:36,520
Speaker 3: to have because I know people who do not like

1058
00:50:36,640 --> 00:50:38,839
Speaker 3: talking about the possibility of dying, and so that's why

1059
00:50:38,840 --> 00:50:41,400
Speaker 3: they never look into life insurance.

1060
00:50:42,200 --> 00:50:44,719
Speaker 2: It really you really have to not think about what

1061
00:50:44,760 --> 00:50:49,640
Speaker 2: you're doing. It's very depressing. And yes, and especially you know,

1062
00:50:49,680 --> 00:50:52,359
Speaker 2: if I would do anything differently, I might have done

1063
00:50:52,400 --> 00:50:54,920
Speaker 2: it before I had the baby, like while I was pregnant,

1064
00:50:55,040 --> 00:50:57,920
Speaker 2: or even like a little bit before that, because I

1065
00:50:57,960 --> 00:50:59,640
Speaker 2: do think you know, if you have a kid, of course,

1066
00:50:59,640 --> 00:51:01,840
Speaker 2: it's very very much worth it because you have the child,

1067
00:51:02,000 --> 00:51:04,080
Speaker 2: like I said, and if you don't have a child.

1068
00:51:04,120 --> 00:51:06,360
Speaker 2: Then really it's about your spouse. Can they provide for

1069
00:51:06,400 --> 00:51:09,439
Speaker 2: themselves without you? Et cetera. But it was a very

1070
00:51:09,440 --> 00:51:12,520
Speaker 2: emotional conversation. As soon as I had that baby and

1071
00:51:12,560 --> 00:51:16,879
Speaker 2: my husband saw me as a mother, he became very

1072
00:51:16,880 --> 00:51:20,480
Speaker 2: afraid of me dying. It was a weird and I

1073
00:51:20,520 --> 00:51:23,600
Speaker 2: think and me too, I became as a new mom.

1074
00:51:23,640 --> 00:51:26,440
Speaker 2: I was afraid of everybody dying. Like I was, like,

1075
00:51:26,600 --> 00:51:29,120
Speaker 2: he could die, the baby could die. I could die more.

1076
00:51:29,160 --> 00:51:31,920
Speaker 2: Life is so fragile, why are we doing it? Like

1077
00:51:32,640 --> 00:51:35,440
Speaker 2: what have we done? There's so much to lose, you know,

1078
00:51:36,040 --> 00:51:38,839
Speaker 2: it is really scary to think about it. And yeah,

1079
00:51:39,160 --> 00:51:42,600
Speaker 2: it wasn't a fun conversation, but it was a really

1080
00:51:42,640 --> 00:51:46,520
Speaker 2: easy process to just go compare some options. You know,

1081
00:51:46,640 --> 00:51:49,520
Speaker 2: a very nice doctor person came to my house because

1082
00:51:49,560 --> 00:51:51,879
Speaker 2: it was the pandemic at that point, did a house

1083
00:51:51,920 --> 00:51:53,640
Speaker 2: called did my blood and all that kind of stuff,

1084
00:51:53,680 --> 00:51:57,239
Speaker 2: And it wasn't that if you just forget about why

1085
00:51:57,280 --> 00:52:00,799
Speaker 2: you're doing it and pray that you know, you know,

1086
00:52:01,040 --> 00:52:03,759
Speaker 2: just just just do it for peace of mind for

1087
00:52:03,800 --> 00:52:05,560
Speaker 2: your children, and then pray you never really have to

1088
00:52:05,680 --> 00:52:08,000
Speaker 2: use it. It's like any insurance product, right, you hope

1089
00:52:08,040 --> 00:52:10,440
Speaker 2: you don't have to use it, but you're grateful if

1090
00:52:11,120 --> 00:52:12,080
Speaker 2: if it comes in handy.

1091
00:52:12,680 --> 00:52:15,520
Speaker 3: Yeah, exactly. It's one of those things like I think

1092
00:52:15,560 --> 00:52:17,040
Speaker 3: people avoid it because, like you said, you kind of

1093
00:52:17,080 --> 00:52:19,399
Speaker 3: go into that spiral of thinking about what happens if

1094
00:52:19,440 --> 00:52:21,800
Speaker 3: you or someone you care about is that here anymore. Yeah,

1095
00:52:21,840 --> 00:52:23,239
Speaker 3: but it's kind of like it's like it's almost one

1096
00:52:23,239 --> 00:52:25,120
Speaker 3: of the nicest things you can do for the people

1097
00:52:25,360 --> 00:52:27,200
Speaker 3: in your life. Yes, who are part of your family.

1098
00:52:27,200 --> 00:52:29,200
Speaker 3: You're gonna end up who you so I help support.

1099
00:52:29,560 --> 00:52:31,680
Speaker 3: It's like, look, I don't want them to be, you know,

1100
00:52:31,800 --> 00:52:33,880
Speaker 3: on the street because I'm not here anymore, and everything

1101
00:52:33,920 --> 00:52:37,320
Speaker 3: got too expensive and overwhelming for them. So I almost

1102
00:52:37,320 --> 00:52:39,239
Speaker 3: had to reframe it so that way. I didn't so

1103
00:52:39,280 --> 00:52:40,520
Speaker 3: you don't get stressed out about it.

1104
00:52:40,640 --> 00:52:43,200
Speaker 2: Yeah, and then you I feel like it's always a

1105
00:52:43,200 --> 00:52:45,440
Speaker 2: plot point in movies, like where someone gets killed for

1106
00:52:45,440 --> 00:52:49,880
Speaker 2: your life insurance policy. So it's never exactly like the happy,

1107
00:52:50,600 --> 00:52:53,319
Speaker 2: go lucky kind of topic to get brought up. But

1108
00:52:54,040 --> 00:52:58,080
Speaker 2: think about how once the grief, of course, everyone's going

1109
00:52:58,120 --> 00:53:00,520
Speaker 2: to miss you and they'll never you know, my husband

1110
00:53:00,560 --> 00:53:03,000
Speaker 2: will never find anyone like me. I'll haunt him for life.

1111
00:53:03,000 --> 00:53:06,680
Speaker 2: If he even tries, but at least he'll be able

1112
00:53:06,719 --> 00:53:09,799
Speaker 2: to provide, you know, a good life for our kid

1113
00:53:09,840 --> 00:53:13,600
Speaker 2: and my dog. And we had a guest on there's

1114
00:53:13,600 --> 00:53:15,520
Speaker 2: a really good episode of Brown Ambition. Maybe we can

1115
00:53:15,520 --> 00:53:18,640
Speaker 2: find the link to it where we had a life

1116
00:53:18,640 --> 00:53:20,960
Speaker 2: insurance expert on and I'm like, forgetting on her name,

1117
00:53:21,040 --> 00:53:23,399
Speaker 2: damn it, what's her name? Anyway, she came on and

1118
00:53:23,400 --> 00:53:26,120
Speaker 2: one of her points was, especially for black and brown communities,

1119
00:53:27,080 --> 00:53:29,400
Speaker 2: even if you don't have children, consider getting a policy

1120
00:53:29,440 --> 00:53:33,719
Speaker 2: because you can make a nonprofit your beneficiary. And this

1121
00:53:33,880 --> 00:53:38,000
Speaker 2: is another way of potentially passing down wealth in communities

1122
00:53:38,040 --> 00:53:41,680
Speaker 2: that don't have a lot of you know, wealthy benefactors

1123
00:53:41,680 --> 00:53:44,239
Speaker 2: for example. So you know, even if you're single and

1124
00:53:44,239 --> 00:53:47,040
Speaker 2: you don't have any children, take a life an insurance

1125
00:53:47,040 --> 00:53:50,640
Speaker 2: policy out term life insurance. It's really not that terribly expensive,

1126
00:53:50,880 --> 00:53:53,719
Speaker 2: especially if you're younger, and look at it as a

1127
00:53:53,719 --> 00:53:57,040
Speaker 2: way of passing on wealth, you know, to a good

1128
00:53:57,080 --> 00:53:59,800
Speaker 2: cause if you were to pass away. I thought that

1129
00:53:59,840 --> 00:54:01,839
Speaker 2: was really interesting point that she made.

1130
00:54:02,239 --> 00:54:04,360
Speaker 3: That is such a great idea that never even crossed

1131
00:54:04,360 --> 00:54:07,279
Speaker 3: my mind either. That would be such a great way

1132
00:54:07,280 --> 00:54:08,440
Speaker 3: to help out a cause, like if there's no one

1133
00:54:08,480 --> 00:54:10,600
Speaker 3: you need to worry about supporting after you leave. I mean,

1134
00:54:11,040 --> 00:54:13,360
Speaker 3: that'd be a great way to help out an organization

1135
00:54:13,400 --> 00:54:13,719
Speaker 3: you care.

1136
00:54:13,640 --> 00:54:16,320
Speaker 2: About, or just like get one of those cool benches.

1137
00:54:16,360 --> 00:54:18,560
Speaker 2: I've always wondered, like how do people get those benches

1138
00:54:18,560 --> 00:54:19,320
Speaker 2: in Central Park?

1139
00:54:19,880 --> 00:54:22,080
Speaker 3: You know, I'm always looking like these donors are who

1140
00:54:22,120 --> 00:54:24,359
Speaker 3: are these people who are donating these money and getting

1141
00:54:24,360 --> 00:54:26,239
Speaker 3: their names on stuff? Like what's going on? What's this

1142
00:54:26,320 --> 00:54:31,000
Speaker 3: process they did?

1143
00:54:31,040 --> 00:54:35,280
Speaker 2: That's all you need to know. They had some money

1144
00:54:35,280 --> 00:54:38,480
Speaker 2: and they died. That's what happened. Chris, all right, Well

1145
00:54:38,520 --> 00:54:41,000
Speaker 2: that was fun. See you're doing it. You're doing it.

1146
00:54:41,360 --> 00:54:43,320
Speaker 2: I'm talking more to myself than to you. I'm the

1147
00:54:43,360 --> 00:54:45,239
Speaker 2: one who's like Tiffany, what am I going to do

1148
00:54:45,320 --> 00:54:47,560
Speaker 2: without her? But so far, so good.

1149
00:54:48,520 --> 00:54:52,080
Speaker 3: I'm definitely not trying to replace Tiffany and live up

1150
00:54:52,080 --> 00:54:54,279
Speaker 3: to those standards because she's she's and I won't get

1151
00:54:54,280 --> 00:54:56,200
Speaker 3: into it, but she's an amazing speaker. I always love

1152
00:54:56,320 --> 00:54:58,360
Speaker 3: both of you. Are I love listening to both of you.

1153
00:54:58,880 --> 00:55:01,880
Speaker 2: Oh thank you. Well, it's been really wonderful having you on.

1154
00:55:01,920 --> 00:55:04,440
Speaker 2: But you're not off the hook yet. My friend, my

1155
00:55:04,520 --> 00:55:08,320
Speaker 2: new financial friend, because we have to do our favorite segment,

1156
00:55:08,480 --> 00:55:35,040
Speaker 2: Second favorite segment after questions brown boost and brown Break,

1157
00:55:44,400 --> 00:55:46,400
Speaker 2: I'm not doing any of the musical things that Tiffany

1158
00:55:46,480 --> 00:55:48,279
Speaker 2: usually does either. I'm sorry, y'all. What does she usually

1159
00:55:48,320 --> 00:55:51,320
Speaker 2: do for brown boost? Brown Boost, brown break, brown Boost,

1160
00:55:51,840 --> 00:55:54,759
Speaker 2: star break? What you're gonna do? She always puts it

1161
00:55:54,800 --> 00:55:57,719
Speaker 2: on me. Whatever she's singing, it always has to rhyme

1162
00:55:57,760 --> 00:55:59,279
Speaker 2: with Mandy, so that I'm the one who has to

1163
00:55:59,320 --> 00:56:04,120
Speaker 2: go first, which is fair. I will go first. Do

1164
00:56:04,120 --> 00:56:07,440
Speaker 2: you need me to revisit the rules of brown boost

1165
00:56:07,640 --> 00:56:08,920
Speaker 2: or brown breaking? Chris?

1166
00:56:09,480 --> 00:56:10,680
Speaker 3: Uh, yeah, that'd be good.

1167
00:56:11,040 --> 00:56:14,080
Speaker 2: Okay, So brown boost, it's really an important choice. Okay,

1168
00:56:14,120 --> 00:56:15,560
Speaker 2: It's either like, do we want to leave the show

1169
00:56:15,600 --> 00:56:17,120
Speaker 2: in a high note or do we want to leave

1170
00:56:17,120 --> 00:56:19,280
Speaker 2: the show on a funny slash kind of a down note.

1171
00:56:19,400 --> 00:56:21,399
Speaker 2: So a brown boost we're talking about something that we're

1172
00:56:21,400 --> 00:56:24,319
Speaker 2: excited about that's positive in our lives or careers or

1173
00:56:24,360 --> 00:56:27,520
Speaker 2: finances or whatnot. And then a brown break is something

1174
00:56:27,560 --> 00:56:31,000
Speaker 2: that's really been getting us down financially, career wise, personally.

1175
00:56:31,320 --> 00:56:34,800
Speaker 2: We just want to call out because sometimes it feels

1176
00:56:34,840 --> 00:56:36,920
Speaker 2: good to put a name to something that's bothering you,

1177
00:56:37,000 --> 00:56:39,640
Speaker 2: and other people tend to relate to it. So that

1178
00:56:39,800 --> 00:56:44,200
Speaker 2: is the choice which one of those speaking to you

1179
00:56:44,239 --> 00:56:45,359
Speaker 2: at this particular time.

1180
00:56:46,320 --> 00:56:47,640
Speaker 3: I mean, I didn't want to put end it on

1181
00:56:47,680 --> 00:56:49,480
Speaker 3: a negative note. I can make it less negative, but yeah,

1182
00:56:49,480 --> 00:56:51,000
Speaker 3: I think I'll go with the brown break because that's

1183
00:56:51,480 --> 00:56:53,400
Speaker 3: what's bothering me here at these people.

1184
00:56:56,760 --> 00:56:59,080
Speaker 2: Investment. Okay, so we're both going to do a break, y'all. Okay,

1185
00:56:59,080 --> 00:57:01,840
Speaker 2: so get ready, double breaker. We don't often have a

1186
00:57:01,880 --> 00:57:03,879
Speaker 2: back to back break. This is going to be It's

1187
00:57:03,960 --> 00:57:05,279
Speaker 2: going to be fun. All right, Chris, do you want

1188
00:57:05,280 --> 00:57:06,759
Speaker 2: to go first? Yeah?

1189
00:57:06,800 --> 00:57:09,319
Speaker 3: All right, I can hop in here. Okay. So my

1190
00:57:09,400 --> 00:57:12,560
Speaker 3: brown break is I've been I've been getting more messages

1191
00:57:12,640 --> 00:57:17,520
Speaker 3: than I care to receive from friends are who are

1192
00:57:17,520 --> 00:57:22,120
Speaker 3: investing in all kinds of things in AMC, in cryptocurrencies

1193
00:57:22,160 --> 00:57:24,520
Speaker 3: and all this stuff, and it's just like, look at

1194
00:57:24,520 --> 00:57:26,160
Speaker 3: how much money I made, and you sure you don't

1195
00:57:26,160 --> 00:57:28,040
Speaker 3: want to get in on this, and I'm like, no,

1196
00:57:28,120 --> 00:57:31,520
Speaker 3: I don't. I really don't want to do this. I

1197
00:57:31,600 --> 00:57:33,680
Speaker 3: try not to be mean when I get the messages

1198
00:57:33,720 --> 00:57:35,880
Speaker 3: and tell them to stop sending these things to me,

1199
00:57:36,480 --> 00:57:39,680
Speaker 3: but I'm more so nervous for the other people in

1200
00:57:39,720 --> 00:57:42,040
Speaker 3: the group. Chats because I can be like, oh whatever,

1201
00:57:42,080 --> 00:57:43,480
Speaker 3: I just ignore it and kill about my day. But

1202
00:57:43,520 --> 00:57:45,960
Speaker 3: I'm like, I can see how some of other friends

1203
00:57:45,960 --> 00:57:47,439
Speaker 3: are like, well, maybe I need to go and pull

1204
00:57:47,480 --> 00:57:49,280
Speaker 3: some money out of my retirement account. I hop in

1205
00:57:49,320 --> 00:57:51,880
Speaker 3: on this this AMC thing, and I'm like, please don't

1206
00:57:51,880 --> 00:57:52,120
Speaker 3: do that.

1207
00:57:52,200 --> 00:57:53,880
Speaker 2: Oh my god, out of your four one Okay.

1208
00:57:53,760 --> 00:57:56,200
Speaker 3: No, please don't do that. And I'm like, that's the

1209
00:57:56,240 --> 00:57:58,040
Speaker 3: thing that people get caught up in the hype of

1210
00:57:58,080 --> 00:57:59,760
Speaker 3: all of this, and it can lead to some people

1211
00:57:59,800 --> 00:58:02,440
Speaker 3: to make really quick, bad decisions. And so that's why,

1212
00:58:02,480 --> 00:58:05,560
Speaker 3: that's why, that's what I'm choosing for today.

1213
00:58:06,600 --> 00:58:09,280
Speaker 2: Oh God, yeah, I feel you. And especially I remember

1214
00:58:09,320 --> 00:58:13,360
Speaker 2: the story of my dad. My dad drives a he

1215
00:58:13,480 --> 00:58:17,400
Speaker 2: drives for the public transit service in Atlanta called Marta,

1216
00:58:17,840 --> 00:58:21,320
Speaker 2: And one day he's like, Mandy, one of my pastors

1217
00:58:21,320 --> 00:58:23,600
Speaker 2: was telling me about penny stocks he lives. He used

1218
00:58:23,680 --> 00:58:25,560
Speaker 2: he used to be a stockbroker in New York, and

1219
00:58:25,600 --> 00:58:27,160
Speaker 2: he's like, you need to get all these penny stocks

1220
00:58:27,160 --> 00:58:29,360
Speaker 2: because they're worth pennies today, but they can be worth

1221
00:58:29,400 --> 00:58:32,880
Speaker 2: millions tomorrow. And I said, Dad, you're going to take

1222
00:58:32,880 --> 00:58:36,160
Speaker 2: advice from a very nice man. But he used to

1223
00:58:36,200 --> 00:58:39,240
Speaker 2: be a stockbroker, and now he's riding your bus, and

1224
00:58:39,280 --> 00:58:43,520
Speaker 2: that's the man that you want that you're trying to become.

1225
00:58:44,120 --> 00:58:47,640
Speaker 2: No no, no, no no no no no. But if

1226
00:58:47,680 --> 00:58:50,040
Speaker 2: it's not something on the bus, it's like the guy

1227
00:58:50,120 --> 00:58:53,400
Speaker 2: at the now. I keep using the cookout analogy, but

1228
00:58:53,440 --> 00:58:55,960
Speaker 2: really it is the group text now group text or

1229
00:58:56,720 --> 00:59:03,160
Speaker 2: Facebook groups, investing clubs, you know like elon, musk tweets

1230
00:59:03,240 --> 00:59:08,120
Speaker 2: and bitcoin tanks or sores whatever. Like people, it's just

1231
00:59:08,240 --> 00:59:12,240
Speaker 2: so crazy out there right now. I don't know how listen.

1232
00:59:12,320 --> 00:59:14,880
Speaker 2: I don't I don't feel like I would take investment

1233
00:59:14,880 --> 00:59:18,640
Speaker 2: advice from friends either, But what what would get you

1234
00:59:18,680 --> 00:59:22,800
Speaker 2: to maybe like listen to a stock pick from one

1235
00:59:22,840 --> 00:59:24,840
Speaker 2: of those group texts, or has any of them ever

1236
00:59:24,880 --> 00:59:26,920
Speaker 2: worked out for you from.

1237
00:59:26,720 --> 00:59:30,000
Speaker 3: A group text? I don't know if there's anything that

1238
00:59:30,040 --> 00:59:32,760
Speaker 3: any of my friends could do to make me take

1239
00:59:32,760 --> 00:59:35,640
Speaker 3: one of their pieces of advice the text message. You know,

1240
00:59:35,880 --> 00:59:37,600
Speaker 3: this is probably like a trust issues. So I had

1241
00:59:37,600 --> 00:59:40,400
Speaker 3: a friend who he was really into like buying and

1242
00:59:40,440 --> 00:59:43,240
Speaker 3: selling shoes when we were younger. He was a sneaker head,

1243
00:59:43,280 --> 00:59:44,760
Speaker 3: so he would buy you buy shoes. He would go

1244
00:59:44,800 --> 00:59:47,040
Speaker 3: to these releases and He's like, hey, Chris, you got

1245
00:59:47,080 --> 00:59:48,960
Speaker 3: to do this. Man, I'm making so much money doing this.

1246
00:59:49,080 --> 00:59:51,080
Speaker 3: And I was like, okay, let me do this. And

1247
00:59:51,120 --> 00:59:52,720
Speaker 3: I went with them and I bought these shoes. I

1248
00:59:52,760 --> 00:59:57,360
Speaker 3: remember there were these Sinco de Mayo nikes. They had

1249
00:59:57,400 --> 00:59:58,920
Speaker 3: the Mexican flag on the side.

1250
00:59:59,040 --> 01:00:02,280
Speaker 1: Okay, it's very specific.

1251
01:00:02,560 --> 01:00:04,120
Speaker 3: He's like, you get this, man, you're gonna be able

1252
01:00:04,120 --> 01:00:06,720
Speaker 3: to flip this. I was like, great, long story short,

1253
01:00:06,880 --> 01:00:08,080
Speaker 3: I did not make any money.

1254
01:00:09,480 --> 01:00:12,000
Speaker 2: You didn't make any money on for Sinkle the Myo sneakers.

1255
01:00:12,160 --> 01:00:16,040
Speaker 3: No, I did not. And I think ever since then,

1256
01:00:16,080 --> 01:00:19,560
Speaker 3: I've had trust issues with people giving me random advice

1257
01:00:19,640 --> 01:00:22,280
Speaker 3: through text messages. But yeah, no, it's like, I don't know.

1258
01:00:22,320 --> 01:00:24,560
Speaker 3: I think for me, you really got to understand something

1259
01:00:24,640 --> 01:00:26,680
Speaker 3: Like I'm sure he knew what he was doing and

1260
01:00:26,680 --> 01:00:28,560
Speaker 3: he could flip those shoes and be great. I was

1261
01:00:28,560 --> 01:00:30,960
Speaker 3: sure some of these people I've spent hours studying these

1262
01:00:31,320 --> 01:00:34,200
Speaker 3: these stocks, and they have good data to back up

1263
01:00:34,240 --> 01:00:37,560
Speaker 3: their decisions. But I don't. And I think that's the

1264
01:00:37,600 --> 01:00:40,480
Speaker 3: part that's it's to be cautious. Was like, if you

1265
01:00:40,480 --> 01:00:43,640
Speaker 3: don't feel comfortable, don't just jump into this just because

1266
01:00:44,040 --> 01:00:45,720
Speaker 3: somebody else feels comfortable doing this.

1267
01:00:46,040 --> 01:00:48,320
Speaker 2: Yeah, one hundred per I mean for me, for you,

1268
01:00:48,400 --> 01:00:50,160
Speaker 2: it was single to MYO sneakers. For me, it was

1269
01:00:50,200 --> 01:00:55,240
Speaker 2: beatie babies. Oh man, Yeah, I'm still waiting for my

1270
01:00:55,360 --> 01:00:59,320
Speaker 2: millions aunties and friends at school who told me to

1271
01:00:59,320 --> 01:01:01,600
Speaker 2: get all of them and we would like spend money,

1272
01:01:01,680 --> 01:01:03,800
Speaker 2: we would protect them at all costs. I think I

1273
01:01:03,840 --> 01:01:06,600
Speaker 2: put one in the time capsule, like you know, I

1274
01:01:06,640 --> 01:01:10,240
Speaker 2: was thirteen when y uk came along, or didn't come

1275
01:01:10,240 --> 01:01:13,360
Speaker 2: along rather, And yeah, I buried my millennium beanie baby,

1276
01:01:13,400 --> 01:01:16,439
Speaker 2: thinking wow, I'm really just like burying my nest egg

1277
01:01:16,520 --> 01:01:19,920
Speaker 2: right now. I can dig this up in the after

1278
01:01:20,280 --> 01:01:22,000
Speaker 2: and cash it out of the bank. Yeah.

1279
01:01:22,080 --> 01:01:25,080
Speaker 3: No, my mom has a garage full of beanie babies

1280
01:01:25,080 --> 01:01:26,480
Speaker 3: still in their protective cases.

1281
01:01:26,920 --> 01:01:30,000
Speaker 2: Oh no she has. Oh that's so funny. Well, you

1282
01:01:30,000 --> 01:01:31,680
Speaker 2: know better hope, and she's going to hang on to

1283
01:01:31,840 --> 01:01:33,320
Speaker 2: my bet they're.

1284
01:01:33,160 --> 01:01:35,440
Speaker 3: Not going anywhere. I mean, hey, like Pokemon cards for

1285
01:01:35,440 --> 01:01:38,840
Speaker 3: some reason gone wild, Maybe beanie babies will circle back around. Dude.

1286
01:01:38,840 --> 01:01:41,480
Speaker 2: My husband was just like, he just went home to

1287
01:01:41,520 --> 01:01:43,280
Speaker 2: his parents to go try and dig up his whole

1288
01:01:43,320 --> 01:01:45,640
Speaker 2: Pokemon cards. He couldn't find them. He was so mad,

1289
01:01:46,360 --> 01:01:47,840
Speaker 2: I don't about Pokemon cards.

1290
01:01:48,040 --> 01:01:51,160
Speaker 3: I did the same thing. I called my dad. I

1291
01:01:51,200 --> 01:01:53,760
Speaker 3: was like, hey, are those Pokemon cars still in the garage,

1292
01:01:53,800 --> 01:01:56,680
Speaker 3: because I wouldn't need those. He could not find them.

1293
01:01:56,680 --> 01:01:58,680
Speaker 3: They were nowhere to be found. I was very disappointed.

1294
01:01:58,760 --> 01:02:01,400
Speaker 2: But the beanie babies were okay, yeah babies.

1295
01:02:01,800 --> 01:02:03,640
Speaker 3: No, they're still on their shelf. They've been on the

1296
01:02:03,640 --> 01:02:06,440
Speaker 3: same shelf for I think ten years, just sitting there

1297
01:02:06,440 --> 01:02:07,640
Speaker 3: in their nice clearcases.

1298
01:02:08,080 --> 01:02:11,880
Speaker 2: Oh lord, all right, well that's really funny. Okay, so

1299
01:02:11,920 --> 01:02:14,280
Speaker 2: my break is going to be it's gonna be a

1300
01:02:14,280 --> 01:02:15,960
Speaker 2: big one. I'm gonna try it to go on too long.

1301
01:02:16,000 --> 01:02:18,760
Speaker 2: But as I said, I'm from the state of Georgia,

1302
01:02:19,320 --> 01:02:21,400
Speaker 2: which has a lot of great things going forward. You know,

1303
01:02:21,480 --> 01:02:25,720
Speaker 2: world of coke, black people thrive in Atlanta. It's wonderful.

1304
01:02:25,800 --> 01:02:30,600
Speaker 2: We saved the Senate this year with John Osoff and

1305
01:02:30,840 --> 01:02:33,880
Speaker 2: Rafael Warnocks win and the Senate race. You know, we

1306
01:02:34,000 --> 01:02:36,320
Speaker 2: also saved the election. If you guys don't remember black

1307
01:02:36,360 --> 01:02:37,640
Speaker 2: women and Lena did, we did that.

1308
01:02:38,680 --> 01:02:39,000
Speaker 3: Thank you.

1309
01:02:39,160 --> 01:02:40,520
Speaker 2: I'm like taking credit. I don't even live there, and

1310
01:02:40,520 --> 01:02:44,000
Speaker 2: I don't vote in Georgia anymore anyway. But Georgia still

1311
01:02:44,040 --> 01:02:48,320
Speaker 2: has a lot of craziness happening, and I couldn't believe

1312
01:02:48,320 --> 01:02:52,080
Speaker 2: this headline, but it's something that I wanted to talk

1313
01:02:52,080 --> 01:02:55,439
Speaker 2: about because it's just showing how important local elections are

1314
01:02:55,480 --> 01:02:59,200
Speaker 2: beyond the presidential election. And I will continue harping on this,

1315
01:02:59,280 --> 01:03:02,640
Speaker 2: y'all because look at the Shenanigans. My state is up

1316
01:03:02,680 --> 01:03:06,040
Speaker 2: to my God. So the Georgia Education Board has passed

1317
01:03:06,080 --> 01:03:09,680
Speaker 2: a resolution just a few days ago to limit the

1318
01:03:09,720 --> 01:03:13,480
Speaker 2: ability of teachers in schools where they educate children who

1319
01:03:13,520 --> 01:03:15,240
Speaker 2: will go out into the world in the future and

1320
01:03:15,240 --> 01:03:19,320
Speaker 2: be citizens in this country, limit them from talking about

1321
01:03:19,480 --> 01:03:23,280
Speaker 2: race and the history of racism in this country. Like

1322
01:03:23,320 --> 01:03:27,000
Speaker 2: that's the thing that the Board of Education could do.

1323
01:03:27,400 --> 01:03:30,640
Speaker 2: And the governor a Brian Kemp, who by the way,

1324
01:03:31,000 --> 01:03:34,959
Speaker 2: stole the election from Stacy Abrams a couple of years ago.

1325
01:03:35,160 --> 01:03:39,720
Speaker 2: That's Stacy Abram's whole you know, launch into this Fair

1326
01:03:39,840 --> 01:03:44,280
Speaker 2: Fight Action nonprofit that she's built to expand voting rights

1327
01:03:44,280 --> 01:03:46,760
Speaker 2: and voting access across the country, but especially in Georgia.

1328
01:03:46,960 --> 01:03:49,040
Speaker 2: Brian Kemp was one of the reasons why, and he

1329
01:03:49,200 --> 01:03:53,160
Speaker 2: himself was the one urging the Board of Education to

1330
01:03:53,240 --> 01:03:56,640
Speaker 2: take quote immediate steps to ensure that critical race theory

1331
01:03:56,920 --> 01:04:00,560
Speaker 2: and its dangerous ideology do not take root in our

1332
01:04:00,680 --> 01:04:07,320
Speaker 2: state standards and curriculum, and it passed. So this is

1333
01:04:07,840 --> 01:04:13,680
Speaker 2: I'm just like, oh, I mean, I remember in school

1334
01:04:14,800 --> 01:04:17,400
Speaker 2: talking about like people getting really fired up about Georgia

1335
01:04:17,440 --> 01:04:19,680
Speaker 2: state flag because it had the Confederate emblement it and

1336
01:04:19,680 --> 01:04:21,439
Speaker 2: they were going to change it. I remember that being

1337
01:04:22,160 --> 01:04:24,920
Speaker 2: being really confused by how intensely debated that was in

1338
01:04:25,000 --> 01:04:28,760
Speaker 2: class and stuff. And I was in class when we

1339
01:04:28,760 --> 01:04:32,760
Speaker 2: were reading Huckleberry finn In. One of my white female

1340
01:04:33,320 --> 01:04:35,840
Speaker 2: classmates asked, why can't we say the N word? And

1341
01:04:35,880 --> 01:04:37,720
Speaker 2: she said the N word? Like, what's wrong with it?

1342
01:04:38,040 --> 01:04:39,760
Speaker 2: They say it in the book? Why can't we say it? So,

1343
01:04:40,320 --> 01:04:41,920
Speaker 2: as a kid who used to be one of the

1344
01:04:41,960 --> 01:04:48,600
Speaker 2: only ones in her class, I can't. I can't conceive

1345
01:04:48,680 --> 01:04:50,760
Speaker 2: that we could be going backwards like this. It's really

1346
01:04:50,760 --> 01:04:54,640
Speaker 2: scary to me, and I just want to raise awareness

1347
01:04:54,680 --> 01:04:57,960
Speaker 2: of this thing that's happening in Georgia, and I hope.

1348
01:04:58,080 --> 01:05:00,920
Speaker 2: I don't know if there's a way to to vote

1349
01:05:01,360 --> 01:05:04,680
Speaker 2: this away or to undo it, but it's scary that

1350
01:05:05,480 --> 01:05:10,200
Speaker 2: so simply and easily you can deny children who are

1351
01:05:10,240 --> 01:05:15,000
Speaker 2: supposed to be educated. This discussion is about this very important,

1352
01:05:16,040 --> 01:05:22,720
Speaker 2: very bloody, very tragic, you know, chapter or book in

1353
01:05:22,760 --> 01:05:25,960
Speaker 2: our nation's history that is still impacting them today. It

1354
01:05:26,120 --> 01:05:28,920
Speaker 2: just it like boggles my mind that this is even happening.

1355
01:05:29,760 --> 01:05:34,600
Speaker 3: I don't understand it. I saw the same article, and

1356
01:05:35,800 --> 01:05:38,400
Speaker 3: I mean, it's not like there are they currently were

1357
01:05:38,440 --> 01:05:42,400
Speaker 3: teaching like in depth history of what was really happening

1358
01:05:42,480 --> 01:05:44,480
Speaker 3: in America over the years. I remember, there's so many

1359
01:05:44,480 --> 01:05:46,360
Speaker 3: things I didn't learn about until I was in college

1360
01:05:46,440 --> 01:05:49,000
Speaker 3: or or you just learned about on my own, including

1361
01:05:49,000 --> 01:05:51,160
Speaker 3: like the Tulsa massacre, Like that was something that people

1362
01:05:51,160 --> 01:05:53,439
Speaker 3: in Oklahoma don't even know about that because they weren't

1363
01:05:53,440 --> 01:05:56,080
Speaker 3: taught about it in school. And it's like to then

1364
01:05:56,160 --> 01:06:00,920
Speaker 3: even say we can't even mention the factual history and

1365
01:06:00,960 --> 01:06:03,640
Speaker 3: the discrimination that's occurred in the state and in the country.

1366
01:06:03,840 --> 01:06:06,960
Speaker 3: It's it really makes you think, like why, why is

1367
01:06:07,000 --> 01:06:09,000
Speaker 3: that even possible to do something like that.

1368
01:06:09,560 --> 01:06:11,960
Speaker 2: Yeah. Absolutely, I will give a shout out to a

1369
01:06:11,960 --> 01:06:14,560
Speaker 2: teacher named Tracy Penley. She was named the state Teacher

1370
01:06:14,600 --> 01:06:17,520
Speaker 2: of the Year, and she unfortunately doesn't have a vote

1371
01:06:17,560 --> 01:06:20,080
Speaker 2: on the on the board. Despite being state Teacher of

1372
01:06:20,120 --> 01:06:22,600
Speaker 2: the year, but she also spoke out against it and

1373
01:06:22,640 --> 01:06:25,640
Speaker 2: says to say that we're not a racist state flies

1374
01:06:25,680 --> 01:06:27,280
Speaker 2: in the face of all the research that I've been

1375
01:06:27,320 --> 01:06:29,920
Speaker 2: taught and that I've looked at. And it's true. I mean,

1376
01:06:30,040 --> 01:06:33,600
Speaker 2: racism is alive and well in Georgia, despite how there

1377
01:06:33,600 --> 01:06:36,200
Speaker 2: are so many is an amazing it can be an

1378
01:06:36,200 --> 01:06:38,120
Speaker 2: amazing place to live, and I I'm proud to be

1379
01:06:38,200 --> 01:06:41,760
Speaker 2: up and raised there. But until we can't become a

1380
01:06:41,800 --> 01:06:44,760
Speaker 2: better state or better country, until we're willing to acknowledge

1381
01:06:44,800 --> 01:06:48,720
Speaker 2: these flaws in ourselves, and racism is very much alive

1382
01:06:48,760 --> 01:06:51,040
Speaker 2: and well in Georgia. I don't know what the breakdown is,

1383
01:06:51,080 --> 01:06:53,720
Speaker 2: but I can guarantee you Georgian's made up a fair

1384
01:06:53,800 --> 01:06:57,920
Speaker 2: few number of state rioters at the capitol back in January.

1385
01:06:58,440 --> 01:07:00,840
Speaker 2: And beyond that, I'm just a person who knows there's

1386
01:07:01,160 --> 01:07:05,520
Speaker 2: freezes people in my home state. And as a mom, like,

1387
01:07:05,920 --> 01:07:08,400
Speaker 2: I'm already like my son that are get ready, I'm

1388
01:07:08,440 --> 01:07:10,600
Speaker 2: going to be investigating all of his textbooks. I'm going

1389
01:07:10,680 --> 01:07:15,040
Speaker 2: to be like, where's the chapter on slavery? What do

1390
01:07:15,120 --> 01:07:17,840
Speaker 2: they talk about? You know, what are their references? And

1391
01:07:17,880 --> 01:07:20,080
Speaker 2: I think it's really important as parents today to just

1392
01:07:20,120 --> 01:07:24,520
Speaker 2: be woke about, really engaged with what our children are

1393
01:07:24,560 --> 01:07:28,040
Speaker 2: being taught in school so that we can listen at

1394
01:07:28,080 --> 01:07:31,160
Speaker 2: the end of the day. If it's definitely easy for

1395
01:07:31,400 --> 01:07:34,680
Speaker 2: obviously boards of education capacities to source of resolutions, but

1396
01:07:35,360 --> 01:07:37,800
Speaker 2: it's also easy to take your kids to the library.

1397
01:07:38,040 --> 01:07:40,280
Speaker 2: It's also easy to talk about things at the dinner

1398
01:07:40,320 --> 01:07:42,520
Speaker 2: table that maybe aren't maybe when I was growing up,

1399
01:07:42,520 --> 01:07:45,640
Speaker 2: weren't considered polite conversation. But we've got to educate ourselves

1400
01:07:45,680 --> 01:07:47,880
Speaker 2: and make sure our kids are educated. And thankfully there's

1401
01:07:48,480 --> 01:07:51,600
Speaker 2: a million different ways to get that education. And it's

1402
01:07:52,640 --> 01:07:56,320
Speaker 2: still really troubling, but I'm at least heartened by the

1403
01:07:56,400 --> 01:07:58,720
Speaker 2: fact that, you know, you have some schools, on the

1404
01:07:58,760 --> 01:08:01,720
Speaker 2: other hand, who are teaching critical race theory and teaching

1405
01:08:02,280 --> 01:08:05,040
Speaker 2: sixteen nineteen project by Nicole Hannah Jones from The New

1406
01:08:05,120 --> 01:08:08,160
Speaker 2: York Times, Like, so there's education out there. We just

1407
01:08:08,200 --> 01:08:10,280
Speaker 2: have to be really, you know, on top of it

1408
01:08:10,320 --> 01:08:13,160
Speaker 2: and just make sure that kids are getting a very like,

1409
01:08:13,360 --> 01:08:20,960
Speaker 2: realistic and honest, factual telling of our country's history, good

1410
01:08:21,000 --> 01:08:21,400
Speaker 2: and bad.

1411
01:08:22,080 --> 01:08:24,920
Speaker 3: Yeah, exactly, I mean, and I mean this this goes

1412
01:08:24,960 --> 01:08:26,800
Speaker 3: back to your point of saying how important these local

1413
01:08:26,840 --> 01:08:30,479
Speaker 3: elections are because these people making the decisions they really

1414
01:08:30,520 --> 01:08:32,280
Speaker 3: want to keep their jobs. They really want to keep

1415
01:08:32,320 --> 01:08:36,840
Speaker 3: those positions. And if they're pressed, and if the people

1416
01:08:36,880 --> 01:08:41,000
Speaker 3: are vocal about their like, their displeasure with what they're doing,

1417
01:08:41,120 --> 01:08:43,320
Speaker 3: the decision they're making, you can vote them out or

1418
01:08:43,360 --> 01:08:45,439
Speaker 3: you can put the pressure in them to make different decisions.

1419
01:08:45,439 --> 01:08:47,080
Speaker 3: But if they feel comfortable like they're never going to

1420
01:08:47,080 --> 01:08:49,799
Speaker 3: get pushed out, then they'll continue to make these horrible decisions.

1421
01:08:50,520 --> 01:08:53,040
Speaker 2: Yeah. Absolutely, And you can get so mad at an article,

1422
01:08:53,120 --> 01:08:55,880
Speaker 2: but you know where were you there at the polls

1423
01:08:55,880 --> 01:08:59,479
Speaker 2: when you had a chance to vote. So all right, well,

1424
01:08:59,479 --> 01:09:01,799
Speaker 2: that was definitely a heavy note to end on Chris

1425
01:09:02,680 --> 01:09:05,360
Speaker 2: that I had to do what I had to do it.

1426
01:09:05,400 --> 01:09:08,600
Speaker 2: But listen, this has been such a pleasure having you

1427
01:09:08,680 --> 01:09:10,880
Speaker 2: joined the show. I'm so glad that you're out there

1428
01:09:10,920 --> 01:09:13,760
Speaker 2: doing what you're doing. I hope Popcorn Finance, you guys

1429
01:09:13,800 --> 01:09:16,280
Speaker 2: got to go check it out, subscribe or sorry you

1430
01:09:16,360 --> 01:09:18,000
Speaker 2: follow it now on Apple.

1431
01:09:17,800 --> 01:09:19,720
Speaker 3: Podcast and they have changed the language everything yet it's

1432
01:09:19,720 --> 01:09:20,240
Speaker 3: following this.

1433
01:09:20,520 --> 01:09:24,720
Speaker 2: Follow popcorn Finance, leave a review, go find Chris. He's

1434
01:09:24,760 --> 01:09:28,360
Speaker 2: on all the socials at popcorn Finance. And then also

1435
01:09:28,479 --> 01:09:30,479
Speaker 2: check out his other show, This is Awkward. Who is

1436
01:09:30,520 --> 01:09:31,080
Speaker 2: your co host?

1437
01:09:31,760 --> 01:09:33,280
Speaker 3: It's Allison, Alison Baggerley.

1438
01:09:33,920 --> 01:09:37,120
Speaker 2: Alison Baggerley, awesome. Thank you, Chris. Any last words for

1439
01:09:37,160 --> 01:09:37,639
Speaker 2: the BA.

1440
01:09:37,560 --> 01:09:40,000
Speaker 3: Fan, I want to say, thank you so much for

1441
01:09:40,000 --> 01:09:42,720
Speaker 3: having me. Mandy was greggin and talked with you on here,

1442
01:09:42,840 --> 01:09:46,080
Speaker 3: and I just I appreciate you just letting me join

1443
01:09:46,120 --> 01:09:48,560
Speaker 3: you here while Tiffany's off for a little bit of

1444
01:09:48,560 --> 01:09:50,360
Speaker 3: a break. But it's been so great talking with you

1445
01:09:50,560 --> 01:09:51,719
Speaker 3: in all of your audience here.

1446
01:09:52,160 --> 01:09:54,120
Speaker 2: Thank you. You made it less scary for me to

1447
01:09:54,160 --> 01:09:58,080
Speaker 2: be without Tiffany for the first time ever. I feel

1448
01:09:58,160 --> 01:10:00,559
Speaker 2: so crazy to do it without her, but this was great.

1449
01:10:00,600 --> 01:10:01,320
Speaker 2: Thank you, Chris.

1450
01:10:02,200 --> 01:10:04,000
Speaker 3: Oh, thank you so much. It's a great talking with you.