WEBVTT - Ep. 137 – Closing credit cards to cancel debt? Not so fast. 0:00:16.400 --> 0:00:26.560 Hey, hey, hey, watch it. Ah, this is Tiffany and Mandy. 0:00:26.720 --> 0:00:29.040 I didn't have coffee today. I couldn't handle it extra 0:00:29.080 --> 0:00:33.200 octave and we are around ambition round. 0:00:34.600 --> 0:00:40.199 Ohday is Q two tax day for me? 0:00:40.560 --> 0:00:41.840 Ooh exciting? 0:00:42.479 --> 0:00:45.920 Yeah, it really was. I was like, so that's when 0:00:45.960 --> 0:00:50.480 for those of you who are business owners, you know that. Well, 0:00:50.520 --> 0:00:52.479 even if you're not a business owner, you know you 0:00:52.600 --> 0:00:56.000 might know that the taxier for business owners is split 0:00:56.120 --> 0:00:59.000 in two quarters, and a quarter is just three months 0:00:59.040 --> 0:01:01.880 at a time. So first three months out of the year, 0:01:02.000 --> 0:01:05.200 I paid my taxes and now the second three months 0:01:05.240 --> 0:01:07.520 out of the year, which is what is that? So, 0:01:07.640 --> 0:01:10.039 Jenny Fevry March, April, May June. So I have to 0:01:10.040 --> 0:01:13.880 pay taxes on the income that I earned minus expenses 0:01:13.920 --> 0:01:18.080 on April, May and June. So I met with my 0:01:18.080 --> 0:01:22.120 my big accountant, Carlos. And Carlos and I were just 0:01:22.120 --> 0:01:25.720 going over the numbers. It was you know, the business 0:01:25.760 --> 0:01:29.240 is doing, you know well, but it's like one, paying 0:01:29.280 --> 0:01:33.800 taxes it's not fun, but two as business grows. Manday, 0:01:33.840 --> 0:01:36.720 I'm like, oh, so for those who know, you know 0:01:36.760 --> 0:01:40.880 I have three well, yes, three companies. I've got the 0:01:40.880 --> 0:01:44.440 budgetist to the original company. I've got the Liverature Academy, 0:01:44.520 --> 0:01:46.240 you know, my online school, and then I have a 0:01:46.280 --> 0:01:51.000 marketing company. And so because I have three companies and 0:01:51.040 --> 0:01:54.240 I have like folks that work for me that kind 0:01:54.280 --> 0:01:57.480 of do work on all of the companies, payroll was 0:01:57.520 --> 0:02:00.880 getting really crazy. And so Arloso, just give me some 0:02:00.920 --> 0:02:02.600 really good advice about how to manage that. 0:02:04.160 --> 0:02:07.120 It's the next level of your business man, your media empire, 0:02:07.200 --> 0:02:08.919 your bud just needs to empire. 0:02:09.440 --> 0:02:09.799 What is. 0:02:11.600 --> 0:02:15.520 Yeah interested about quarterly taxes? Because you know, I've always 0:02:15.560 --> 0:02:20.200 heard that it's a good practice for entrepreneurs, small business owners, 0:02:20.240 --> 0:02:25.280 self employed people basically to pay taxes quarterly. So what 0:02:25.320 --> 0:02:27.040 do you do to prepare for that? Because even just 0:02:27.200 --> 0:02:29.639 every three months, if you don't prepare for it could 0:02:29.639 --> 0:02:30.920 be a lot of money. So, like, what are you 0:02:30.960 --> 0:02:33.040 doing month to month to make sure you're ready for 0:02:33.080 --> 0:02:35.120 that quarterly tax bill? And what is that? 0:02:35.240 --> 0:02:35.320 Like? 0:02:35.360 --> 0:02:37.080 What does that actually entail? Do you keep it in 0:02:37.080 --> 0:02:39.360 a separate account, does your accountant keep it? Do you 0:02:39.360 --> 0:02:43.480 do automatic debits? How do you even like calculate? Oh? 0:02:43.520 --> 0:02:44.359 So many questions. 0:02:44.520 --> 0:02:47.840 All right, So, honestly, three years ago, well the first 0:02:47.840 --> 0:02:50.720 three or four, maybe even five years of business. Honestly, 0:02:50.760 --> 0:02:53.120 I didn't have all of this, but now I have 0:02:53.280 --> 0:02:56.000 my profit and laws statement for each of my three businesses. 0:02:56.240 --> 0:02:59.040 And then what Rachel does is that when it's time 0:02:59.200 --> 0:03:02.880 for me to meet with Carlos every quarter, she combines 0:03:02.919 --> 0:03:07.079 them into the quarterly statement and then that's what I bring. Literally, 0:03:07.080 --> 0:03:11.000 it's usually like like a one to two page paper 0:03:11.000 --> 0:03:14.720 where it just looks like just like a I don't know, 0:03:14.960 --> 0:03:17.440 not an Excel spreadsheet, but just like like a word 0:03:17.480 --> 0:03:20.240 doc in three columns, where it's like, this is how 0:03:20.320 --> 0:03:23.399 much Tiffany made, this is how much she spent each 0:03:23.440 --> 0:03:26.040 of these months, and this is what's left over, and 0:03:26.040 --> 0:03:28.480 this is what kind of like the category she spent on. 0:03:28.760 --> 0:03:30.919 And Carlos will review it. If something looks off, he 0:03:31.040 --> 0:03:34.640 might say, you know you're missing this or something is 0:03:34.680 --> 0:03:37.360 off or whatever, and then from that Carlos says, well, 0:03:37.400 --> 0:03:41.120 based upon what you've made, this is what your taxes are. 0:03:41.240 --> 0:03:43.520 And then he gives me some paper that basically says, 0:03:44.680 --> 0:03:46.880 because my tax is the way I pay them, I 0:03:46.960 --> 0:03:51.080 pay them as an individual, so my companies passed through 0:03:51.120 --> 0:03:54.720 me and I because I own es Corpse, so well, 0:03:55.200 --> 0:03:57.600 my companies are LLCs but I'm taxed as an X 0:03:57.640 --> 0:03:59.880 corpse or an es corp is your tax like kind 0:03:59.880 --> 0:04:04.680 of allocation, and so that means that I'm not self employed. 0:04:04.720 --> 0:04:07.360 I actually work for my companies and so as a result, 0:04:07.720 --> 0:04:10.760 I pay my taxes. And you really, once you reach 0:04:10.760 --> 0:04:12.520 a certain amount of money, you have to pay requarter. 0:04:12.640 --> 0:04:14.800 So what Carlos having to do when I first started 0:04:14.880 --> 0:04:18.680 is I used to set aside twenty five percent of 0:04:19.000 --> 0:04:22.640 every every time my companies paid me because that was enough. 0:04:22.920 --> 0:04:24.880 And then when it wasn't enough, I had to set 0:04:24.920 --> 0:04:28.680 up thirty five percent, and most recently, as of this year, 0:04:28.760 --> 0:04:31.160 I had to start setting inside thirty five percent in 0:04:31.240 --> 0:04:33.760 order to cover. And I honestly like I say that 0:04:33.839 --> 0:04:36.760 in like an ALLY savings account, I'm not super fancy. 0:04:37.640 --> 0:04:41.280 They have, you know, a decent interest rate for their savings. 0:04:41.640 --> 0:04:43.880 And I look at my ALLY savings and I'm like, yep, 0:04:43.880 --> 0:04:46.760 there's money there, Thank goodness, because I've been saving. And 0:04:46.800 --> 0:04:50.360 then I pay online and that way the IRS doesn't 0:04:50.400 --> 0:04:50.760 come for me. 0:04:51.400 --> 0:04:53.880 Is that ALA account set up with your business entity 0:04:54.000 --> 0:04:57.120 or do you personally? Is like your personal ALLY account. 0:04:57.560 --> 0:05:00.760 My personal because one, this is money that been already 0:05:00.760 --> 0:05:04.760 paid out to me so, and I don't. I actually 0:05:04.800 --> 0:05:07.360 asked called the ally decease they had an allied business account, 0:05:07.520 --> 0:05:10.560 they did it? They yeah, no they didn't. So it's 0:05:10.600 --> 0:05:13.400 just my person because like I'm at this point, I'm 0:05:13.400 --> 0:05:15.880 paying these are this is personal taxes that I'm paying. 0:05:16.240 --> 0:05:20.080 So now that I'm married, my husband no longer gets 0:05:20.160 --> 0:05:24.000 a tax refund because our taxes are now jointly done together. 0:05:24.720 --> 0:05:28.760 And so because because I'm married and because of him working, 0:05:29.839 --> 0:05:32.880 he actually helps me save money on taxes. So I 0:05:32.920 --> 0:05:36.920 asked Carlos what's better should we do? Married filing separately 0:05:37.000 --> 0:05:40.680 or married filing jointly, and Carlos running both numbers and 0:05:40.760 --> 0:05:43.080 found that I could save Like last year, I saved 0:05:43.279 --> 0:05:46.360 like almost fifteen thousand dollars in real money and taxes 0:05:46.839 --> 0:05:49.400 by filing jointly. And so we filed jointly. But he 0:05:49.440 --> 0:05:52.680 doesn't get a tax refund anymore. So instead I know 0:05:52.720 --> 0:05:54.719 what his refund would only be. So instead I just 0:05:54.720 --> 0:05:56.360 break him off a little bit and was like, you know, babe, 0:05:56.360 --> 0:05:58.120 this is you know you said. 0:05:58.000 --> 0:06:00.360 You're nicer than me. I don't do that stuff. 0:06:01.440 --> 0:06:03.520 Well what we do is like he because now my 0:06:03.600 --> 0:06:05.720 husband's getting good at it, where he has, So I 0:06:05.720 --> 0:06:07.560 think normally his refund might be like, I don't know, 0:06:07.600 --> 0:06:09.919 three thousand dollars, so I would just be like, Okay, 0:06:09.960 --> 0:06:13.280 here's three thousand dollars. And he typically is like a 0:06:13.360 --> 0:06:17.839 thousand for Supergirl, a thousand for savings, five hundred for fun, 0:06:17.920 --> 0:06:20.080 and another five hundred for like paying down bill, so 0:06:20.320 --> 0:06:23.320 he has like his own system. So but yeah, but 0:06:23.360 --> 0:06:25.120 I'm like at this, you know, but you saved me money, 0:06:25.160 --> 0:06:28.159 so I don't mind, you know, because if it wasn't 0:06:28.160 --> 0:06:30.400 for him, I'd be paying an additional fifteen thousand and 0:06:30.520 --> 0:06:33.400 real money, like actually writing an additional check for fifteen 0:06:33.440 --> 0:06:36.280 thousand dollars because I pay taxes, doesn't get withdrawn from 0:06:36.320 --> 0:06:37.960 my paycheck. 0:06:38.160 --> 0:06:39.040 Do you watch a profit? 0:06:40.600 --> 0:06:41.200 Do I have one? 0:06:41.320 --> 0:06:42.880 Do you watch the profit on SANBC? 0:06:43.440 --> 0:06:45.359 I've watched some of it, like I've watched like everyone 0:06:45.400 --> 0:06:47.000 and why, I've caught a show or two. 0:06:47.160 --> 0:06:50.560 What it's good Marcus lamonas he's just like this billionaire 0:06:50.640 --> 0:06:54.280 who goes around helping struggling businesses while he scoops up 0:06:54.360 --> 0:06:57.360 like forty to fifty percent of the equity in the process. 0:06:58.279 --> 0:07:01.240 But now it's fascinating. It's like you get to watch 0:07:01.279 --> 0:07:03.960 these businesses fail and he shows them what they're doing wrong. 0:07:03.960 --> 0:07:05.360 I don't know, I learned a lot to learn a 0:07:05.360 --> 0:07:07.200 little bit more about business. I like it better than 0:07:07.200 --> 0:07:09.360 Shark Tank. I feel like it really shows you the 0:07:09.440 --> 0:07:11.800 day to day operations of running a business and what 0:07:11.920 --> 0:07:15.240 can go wrong when people let themselves get in the way. 0:07:16.200 --> 0:07:18.080 Shame No. I like I free Plug. 0:07:18.400 --> 0:07:21.000 I've seen like. I saw this one where it was 0:07:21.040 --> 0:07:22.880 like a cookie lady and her son and that was 0:07:22.960 --> 0:07:25.280 so good. I remember that one. I felt bad for 0:07:25.320 --> 0:07:27.760 he because she said like a bad deal where someone 0:07:27.800 --> 0:07:29.960 was going to own ninety percent of her company and 0:07:30.000 --> 0:07:33.880 I was like, wait, how is that legal? You know 0:07:34.000 --> 0:07:35.840 that you signed away ninety percent and she didn't know, 0:07:36.360 --> 0:07:38.840 and so yeah, I remember that one. Okay, maybe I'll 0:07:38.880 --> 0:07:40.480 watch it more to get some more inspiration. 0:07:40.840 --> 0:07:43.040 There was a recent one where it was a Atlanta 0:07:43.080 --> 0:07:44.840 based company, so shout out to them. It was what 0:07:44.840 --> 0:07:47.960 are they called Southern Comfort Foods or something they do 0:07:48.120 --> 0:07:52.840 like Southern foods prepared and it's this it's a young 0:07:52.920 --> 0:07:55.960 African American woman and her mom together running this business 0:07:55.960 --> 0:07:58.200 out of the Squarehouse and they were part of Oprah's 0:07:58.200 --> 0:08:00.840 favorite things and they had all this early sex and 0:08:00.840 --> 0:08:03.640 then they were all of a sudden struggling, and turns 0:08:03.640 --> 0:08:06.720 out that she has signed up for these short term 0:08:06.760 --> 0:08:09.240 business loans, which I've been learning a lot more about recently. 0:08:09.600 --> 0:08:10.880 Do you, I don't know if you've ever been in 0:08:10.920 --> 0:08:13.880 a place, hopefully not where you've had to consider short 0:08:13.960 --> 0:08:17.960 term business loans. They're terrible products. I mean, they are 0:08:18.080 --> 0:08:21.920 really expensive. First of all. Sometimes the repayment terms are 0:08:21.920 --> 0:08:24.880 like a week, a month, two months, six months. They're 0:08:24.920 --> 0:08:27.560 really short term. And because there are such short term loans, 0:08:27.680 --> 0:08:30.400 they put crazy interest rates on them, like double digit, 0:08:30.640 --> 0:08:32.880 you know, forty percent. She had a forty percent loan 0:08:33.240 --> 0:08:35.680 that she took out originally for fifty thousand dollars. I 0:08:35.720 --> 0:08:37.800 had a balloon to like hundreds of thousands of dollars. 0:08:39.559 --> 0:08:42.280 And it's nuts. And these products are out there, man, Like, 0:08:42.480 --> 0:08:44.839 the more that we write about small business loans or 0:08:44.880 --> 0:08:47.000 business loans in general, the more I'm just like, man, 0:08:47.040 --> 0:08:49.400 I've been wasting my time writing about payday loans like 0:08:49.760 --> 0:08:53.200 business loans and merchant cash advances, these nasty products. That's 0:08:53.200 --> 0:08:55.839 where it's at. So if you're out there and you're considering, 0:08:56.120 --> 0:08:58.960 you know, or if you have or you're considering, you know, 0:08:59.080 --> 0:09:02.440 taking out a business loan. I would love to get 0:09:02.440 --> 0:09:04.280 more questions about that kind of stuff, because that's where 0:09:04.320 --> 0:09:07.920 I feel like young entrepreneurs can easily make like really 0:09:07.960 --> 0:09:10.719 expensive mistakes that can haunt them forever. 0:09:11.800 --> 0:09:14.000 Yeah, no, I could see that I have. 0:09:14.200 --> 0:09:14.520 I have it. 0:09:14.679 --> 0:09:16.760 I mean the only one I ever took out was 0:09:16.800 --> 0:09:20.199 from my ex boyfriend. He was the worst because. 0:09:20.720 --> 0:09:22.360 You took out a business loan for your ex. 0:09:22.880 --> 0:09:24.640 Well, look though, this is like when I very first started. 0:09:24.640 --> 0:09:26.480 We had just broken up, Like I broke up with 0:09:26.559 --> 0:09:28.080 him because I was like I knew I wanted to 0:09:28.120 --> 0:09:31.280 pursue more in life, and I knew that he wanted 0:09:31.280 --> 0:09:34.240 to be like barefoot and pregnant. But we tried to 0:09:34.280 --> 0:09:37.240 remain cool for like two years, two or three years 0:09:37.240 --> 0:09:41.120 after breaking up, and so he lent me money, like 0:09:41.200 --> 0:09:43.000 to like buy like a laptop and stuff cause I 0:09:43.040 --> 0:09:44.760 had lost my job at the time, so and then 0:09:44.800 --> 0:09:49.000 to also helped me stay afloat with my with my 0:09:49.000 --> 0:09:51.960 my my condo at the time. But meanwhile, I mean, 0:09:52.440 --> 0:09:54.760 really is it lending money because or is it payback? 0:09:54.800 --> 0:09:57.720 Because I for six years we were together, I was 0:09:57.760 --> 0:09:59.400 young and foolish and he was younger than I was, 0:09:59.440 --> 0:10:01.280 so while he was in school, I was working, So 0:10:01.320 --> 0:10:03.000 I used to pay for all the bills, so he 0:10:03.080 --> 0:10:06.040 lived with me. I bought a condo, pay no mortgage, 0:10:06.520 --> 0:10:09.520 pay no electricity, no water. I mean it was to 0:10:09.559 --> 0:10:11.760 a point where he was literally like my child. One 0:10:11.800 --> 0:10:13.079 of the reasons why I broke up with him is 0:10:13.120 --> 0:10:14.800 because I remember one day we went to go get 0:10:14.800 --> 0:10:18.160 like ice cream, and like, he ordered his ice cream 0:10:18.200 --> 0:10:20.199 and walked away, and I remember thinking, like, what is happening. 0:10:20.559 --> 0:10:22.400 At the time, I was like twenty eight or something, 0:10:23.160 --> 0:10:24.600 and I was like, did I just bring my son 0:10:24.640 --> 0:10:25.320 to get ice cream? 0:10:26.080 --> 0:10:27.160 Yeah? 0:10:27.360 --> 0:10:29.320 And I thought like wow. I remember it was such 0:10:29.360 --> 0:10:32.480 a good lesson because it wasn't all his fault. I 0:10:32.559 --> 0:10:35.079 had turned it into this, you know, because I was like, oh, well, 0:10:35.120 --> 0:10:37.240 I'm a little older than him. I was like two 0:10:37.640 --> 0:10:39.160 or three years older than him. I'm a little older 0:10:39.160 --> 0:10:41.160 than him, and I'm more established, and when he gets 0:10:41.200 --> 0:10:44.160 more established, he's gonna contribute. And it got to be 0:10:44.280 --> 0:10:46.040 I mean, it got to be bad. I mean it 0:10:46.120 --> 0:10:48.840 was so bad, only the only kind of bad that 0:10:48.840 --> 0:10:50.559 you could do when you're in your twenties. I mean, Mandy, 0:10:50.720 --> 0:10:52.640 we used to go out to dinner, and I would 0:10:52.720 --> 0:10:55.160 put money on the dining room table so he could 0:10:55.200 --> 0:10:56.720 put in his wallet so we'd go out to eat. 0:10:56.840 --> 0:11:00.199 He looked like he paid. It was I know it was, 0:11:00.520 --> 0:11:05.080 and I told myself, never eva again. So you imagine 0:11:05.120 --> 0:11:07.320 my shock and surprise, you know. So he quote unquote 0:11:07.360 --> 0:11:10.440 let me money after we broke up for you know, 0:11:10.520 --> 0:11:12.240 like a laptop, and maybe it was like three or 0:11:12.240 --> 0:11:14.480 four hundred dollars, And of course I'm struggling to pay 0:11:14.480 --> 0:11:15.960 it back because you know, I'm broke, I don't have 0:11:15.960 --> 0:11:18.640 a job, so I you know, the business is doing 0:11:19.080 --> 0:11:21.760 was doing. I can't even say okay. But then he 0:11:21.840 --> 0:11:23.600 kind of like demanded his money back because his new 0:11:23.640 --> 0:11:26.040 girlfriend needed a purse and he wanted to buy it 0:11:26.080 --> 0:11:28.840 for her. Can you imagine it took everything in me 0:11:28.880 --> 0:11:31.400 to be like kick Rocks, dude, like you owe me 0:11:31.440 --> 0:11:33.559 your life, like you lived with me like a child 0:11:33.880 --> 0:11:36.840 for like four years, and I paid for everything. But 0:11:36.920 --> 0:11:40.440 you know what I said, I didn't want him to 0:11:40.720 --> 0:11:42.839 have any tie to me, so I gave him a 0:11:42.880 --> 0:11:46.440 little punk four hundred dollars back. But yeah, but I'm 0:11:46.480 --> 0:11:50.760 sure he and her get to enjoy watching me skyrocking 0:11:50.800 --> 0:11:53.120 my way to the top. But no, but I just 0:11:53.120 --> 0:11:54.520 can't believe that he asked for the money back and 0:11:54.520 --> 0:11:55.959 had the nerve to tell me he was going to 0:11:56.080 --> 0:11:58.120 use it to buy her a coach bag. And I 0:11:58.200 --> 0:12:01.200 just remember being like, yo, I'm like eating and you 0:12:01.200 --> 0:12:04.680 want you want your four hundred dollars back. But yeah, 0:12:04.760 --> 0:12:08.120 it was just it just was another like confirmation of 0:12:08.520 --> 0:12:11.240 why he was not the one, the two, or the three, 0:12:11.280 --> 0:12:14.960 and now Superman is the exact He's the exact opposite. Like, 0:12:15.000 --> 0:12:17.280 although I make more, we live off his income and 0:12:17.280 --> 0:12:19.040 save and invest. Mind, So it feels nice to have 0:12:19.080 --> 0:12:21.160 someone who is a giver and not a taker. 0:12:21.760 --> 0:12:35.280 Amen, right, Yes, you know what? 0:12:35.320 --> 0:12:37.800 We forgot to hit up the social street. 0:12:38.960 --> 0:12:40.079 Oh you're right, okay. 0:12:40.280 --> 0:12:42.560 So actually just one really cute one which I thought 0:12:42.559 --> 0:12:46.360 was great. This young woman tweeted us. Her name is 0:12:46.480 --> 0:12:52.040 Mish and her Twitter name is at the Underscore Tamish 0:12:52.440 --> 0:12:55.720 and she said, praise report, I just made a final 0:12:55.760 --> 0:12:59.320 payment on a personal loan. Exclamation, exclamation, so thankful for 0:12:59.360 --> 0:13:03.319 the resources. An inspiration game from the b A podcast 0:13:04.440 --> 0:13:06.440 cash Haag is a journey. I love that. And she 0:13:06.520 --> 0:13:08.440 has this meme of like her with like this money 0:13:08.480 --> 0:13:11.040 bag on her back and it says payment. I just 0:13:11.080 --> 0:13:13.200 thought that that was awesome. Now paying off a loan 0:13:13.360 --> 0:13:17.199 is it's honestly, it's awesome and so and then she 0:13:17.240 --> 0:13:18.680 shout us out. She was like, if you're looking to 0:13:18.720 --> 0:13:22.040 increase your financial literacy to be in a community with others, 0:13:23.200 --> 0:13:26.640 you know, check out the Buganista and Brown Ambition. So 0:13:26.880 --> 0:13:27.280 thank you. 0:13:27.400 --> 0:13:29.040 What was her name or her handle? 0:13:29.480 --> 0:13:34.200 Her handle was at the Underscore t a m I s. 0:13:34.280 --> 0:13:38.839 H tell me at girlfriends, yes, and if you. 0:13:38.800 --> 0:13:40.360 Want to go to the Praise Report or just you know, 0:13:40.480 --> 0:13:42.120 you want to tell us it was so awesome. You 0:13:42.160 --> 0:13:45.840 just want to say whatever. You know, you can tweet us. 0:13:46.080 --> 0:13:51.000 We are at the b a podcast on Twitter. 0:13:51.760 --> 0:13:55.640 And on Instagram. We're at brann Ambition podcast all one 0:13:55.640 --> 0:13:57.680 word and I wanted to give a shout out to 0:13:58.000 --> 0:14:03.240 our Instagram follower nothos and a not Chosen Day. Okay, 0:14:04.640 --> 0:14:08.400 she says. She shouted us out. On another podcast page. 0:14:08.400 --> 0:14:12.440 She was asking for people to list their favorite podcasts, 0:14:12.480 --> 0:14:16.319 and she says more hashtag brown Boost for the Budgetnista 0:14:16.360 --> 0:14:19.960 and Mandy on at Brown Ambition podcast. Their podcast is 0:14:19.960 --> 0:14:22.240 so beautiful and the Black Girl magic is so real. 0:14:22.880 --> 0:14:26.320 I think that I was like, thank you, you love us. 0:14:27.880 --> 0:14:30.320 I love when they brag on us to other on 0:14:30.400 --> 0:14:31.280 other people's pages. 0:14:31.360 --> 0:14:33.480 That's I know. That is kind of fun. I'm like, hey, 0:14:33.760 --> 0:14:35.680 I didn't write it, she wrote it. I'm just here 0:14:35.720 --> 0:14:36.080 to gloat. 0:14:36.560 --> 0:14:41.160 And one more from if this Instagram slash listener If 0:14:41.160 --> 0:14:44.120 These Kinks Could Talk, she says, she posted her own 0:14:44.200 --> 0:14:46.960 post shouting us out. She said, has should I get 0:14:46.960 --> 0:14:49.560 your Financial Life Brand and Vision podcast. Thank you, Thank you, 0:14:49.600 --> 0:14:51.720 Thank you for creating this podcast. I learned something new 0:14:51.720 --> 0:14:54.520 every day. If you're looking for financial guidance, check out 0:14:54.520 --> 0:14:57.840 this podcast. Too Beautiful Soul sharing great information for free 0:14:57.920 --> 0:15:00.360 ninety nine. That's how you know she listens because she 0:15:00.440 --> 0:15:02.000 quotes one of your sayings. 0:15:02.840 --> 0:15:07.480 You know, I love the silmory love it now. That's awesome. Yeah, well, 0:15:07.480 --> 0:15:11.160 this is a good little transition into brown boosts or 0:15:11.240 --> 0:15:12.600 brown break. What's your finna do? 0:15:12.960 --> 0:15:15.960 I'm gonna boost this week me, So you want to 0:15:16.000 --> 0:15:19.240 go first? Very optimistic? Yeah, I'm late. I'm late to 0:15:19.280 --> 0:15:20.960 the party, but I'm going to do my boost this 0:15:21.040 --> 0:15:25.000 week for YELP cash back. Oh I never heard of that, right, 0:15:25.520 --> 0:15:28.240 It's been around since twenty seventeen, I started doing some 0:15:28.280 --> 0:15:30.240 research because I wondered how long it's been since I've 0:15:30.240 --> 0:15:32.840 been out of the loop. But Yelp, if you order 0:15:32.920 --> 0:15:36.040 food on Yelp, because you know, you can actually order 0:15:36.080 --> 0:15:39.960 takeout or delivery through the app, I think in most cities, 0:15:40.000 --> 0:15:43.160 definitely in New York, and if you get enrolled, you 0:15:43.160 --> 0:15:45.240 can earn up to ten percent cash back just for 0:15:45.360 --> 0:15:47.760 ordering through the app. You link a credit card and 0:15:47.800 --> 0:15:50.720 they just once a month deposit money into your account, 0:15:50.760 --> 0:15:53.480 which is just awesome. So it's kind of like ebates, 0:15:53.480 --> 0:15:56.520 but specifically for Yelp, and I've been using it ever 0:15:56.560 --> 0:15:59.600 since we moved to our new neighborhood. A couple of 0:15:59.600 --> 0:16:02.880 restaurants near us participate, And yeah, I just made like 0:16:02.920 --> 0:16:05.000 five bucks cash back on our dinner the other day. 0:16:05.080 --> 0:16:08.480 And I just checked my bank statement and I made 0:16:08.520 --> 0:16:11.840 another two dollars cash back from Yelp. So it adds up. 0:16:11.920 --> 0:16:14.680 And the beauty of it is that, at least in 0:16:14.720 --> 0:16:17.040 my experience, so I have a cash back credit card 0:16:17.080 --> 0:16:20.720 where I earn three points when I order from restaurants, 0:16:20.760 --> 0:16:23.560 when I when I go to restaurants, and I was 0:16:23.840 --> 0:16:28.440 sometimes these these like restaurant and food apps can be tricky, 0:16:28.440 --> 0:16:32.920 and sometimes they do trigger the three points for restaurants 0:16:32.920 --> 0:16:35.440 spending with credit cards, and sometimes they don't. So I 0:16:35.480 --> 0:16:37.800 was just double checking because I was thinking, Man, if 0:16:37.840 --> 0:16:41.120 I make five percent cash back by using Yelp cash 0:16:41.160 --> 0:16:44.480 back plus three percent cash back by using this rewards 0:16:44.560 --> 0:16:47.120 credit card, then I'm just almost saving ten percent of 0:16:47.120 --> 0:16:49.560 my dinner, which is pretty dope. So I double checked 0:16:49.560 --> 0:16:53.560 with my credit card and my Yelp grub Hub. They yeah, 0:16:53.640 --> 0:16:57.120 it counted as three points for every dollar I spent, 0:16:57.280 --> 0:17:00.800 so I basically earned eight percent cash bag. Just dope. 0:17:01.360 --> 0:17:06.639 That is dope. Honestly, cash back is like it's like 0:17:06.720 --> 0:17:11.160 the chocolate icing on a yellow cake. It's just it's 0:17:11.200 --> 0:17:13.359 just get any better than that. It's the extra chocolate 0:17:13.440 --> 0:17:16.159 chip in the chocolate chip cookie, an extra chocolate chunk 0:17:16.720 --> 0:17:17.879 in a chocolate chip cookie. 0:17:17.920 --> 0:17:20.440 It's the pineapple jam and a Dominican birthday cake. 0:17:21.040 --> 0:17:27.520 Whoa, it is the. 0:17:25.320 --> 0:17:27.160 Girl on your on your ding dong. 0:17:29.000 --> 0:17:35.720 It is the strip in your in your in your payea. Honestly, 0:17:36.160 --> 0:17:37.880 it's like it's like, I don't know when when people 0:17:37.880 --> 0:17:39.760 don't decide it for cash back programs, I'm like, so 0:17:39.800 --> 0:17:41.840 you just don't like money, so you just don't you know, 0:17:42.040 --> 0:17:44.280 you don't like money. Oh okay, No, it. 0:17:44.160 --> 0:17:47.040 Doesn't even require that much work exactly. 0:17:47.200 --> 0:17:51.280 It's just so awesome cash back programs like ebays, this 0:17:51.400 --> 0:17:54.800 Yelp cash back. It's just literally live your life like 0:17:54.960 --> 0:17:56.679 link whatever you have to link, and they live your 0:17:56.680 --> 0:17:59.840 life and enjoy the fruits of your labor. So that's awesome. 0:18:00.359 --> 0:18:03.040 Yeah, dope. And it's not something that I'm not shopping 0:18:03.080 --> 0:18:04.880 to get the cash back. It's just like one I'm 0:18:04.960 --> 0:18:07.800 if I'm gonna order from this trushaurant anyway, maybe I'm 0:18:07.800 --> 0:18:09.480 gonna use Yelp to do it, and maybe I'll get 0:18:09.480 --> 0:18:10.200 a little money back. 0:18:10.240 --> 0:18:15.320 That's all I'm saying exactly. Well, my Brown booths are 0:18:15.320 --> 0:18:19.080 two people, one Brown Boosts for Damon Young. You know, 0:18:19.160 --> 0:18:21.320 have you ever heard of Very Smart Brothers? 0:18:21.680 --> 0:18:24.440 Yeah, so I love that website. They're really funny. 0:18:24.640 --> 0:18:26.800 They are really funny. And he is I guess I 0:18:26.840 --> 0:18:29.040 don't want to say he's the CEO, but anyway, he's 0:18:29.080 --> 0:18:32.800 got a memoir coming out like he's super smart, super funny, 0:18:32.880 --> 0:18:36.520 super woke, young Brown ambition and young man. And his 0:18:36.600 --> 0:18:40.040 book is called What Doesn't Kill You Makes you blacker, 0:18:40.520 --> 0:18:44.160 which I'm like, thank god, I a memoir in Essays 0:18:44.240 --> 0:18:47.080 by Damon Young. Honestly, I feel like this is gonna 0:18:47.080 --> 0:18:48.359 be a New York Times bestseller and it's going to 0:18:48.400 --> 0:18:51.480 be everything. So I'm excited. He is. It's going to 0:18:51.520 --> 0:18:56.639 be on HarperCollins and so yeah, so fun facts, which 0:18:56.760 --> 0:18:58.320 you know what, you know what I'm gonna say it. 0:18:58.880 --> 0:19:01.160 So remember I told you that the doctors the TV 0:19:01.200 --> 0:19:02.080 show reached out to me. 0:19:02.720 --> 0:19:06.080 The doctors, no, but yes, okay. 0:19:05.800 --> 0:19:07.439 So I feel like I said it maybe like an 0:19:07.440 --> 0:19:09.400 episode or two ago. So anyway, the doctors reached out 0:19:09.440 --> 0:19:11.119 to me, which is like, you know, one of these 0:19:11.160 --> 0:19:14.720 daytime talk shows and like, you know, my dad loves it, right, 0:19:14.760 --> 0:19:16.159 so why do they reach out? And they said, hey, 0:19:16.240 --> 0:19:18.600 Damon Young, we saw your article in the New York 0:19:18.640 --> 0:19:21.919 Times about post traumatic broke syndrome. Would you like to 0:19:21.920 --> 0:19:25.480 come on? I said, my name is not Daman Young. 0:19:25.440 --> 0:19:28.720 But wait you snatched it. 0:19:28.960 --> 0:19:32.080 Oh yeah, but you know, I said, my name's not 0:19:32.160 --> 0:19:34.280 Dami Young, but you know, like I mean, you're free 0:19:34.280 --> 0:19:36.160 obviously to go with Daman Young. But this is Tiffany, 0:19:36.240 --> 0:19:38.520 but I too talk about financial education. They're like, well, 0:19:38.520 --> 0:19:40.760 grandma on girl. So the lady wrote me back. She's like, no, 0:19:40.760 --> 0:19:42.560 I'm a DreamCatcher. I knew about you. She's like, I 0:19:42.640 --> 0:19:44.639 was thinking about both of you and him, and I 0:19:44.640 --> 0:19:47.439 guess when I press enter to you, you know, And 0:19:47.520 --> 0:19:50.119 I was like, okay, so thanks Damon. 0:19:53.000 --> 0:19:54.800 So is that why you're giving him the brown boos 0:19:54.840 --> 0:19:55.720