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Speaker 1: Hey, hey, hey, we're back, but black, we're brown ambition.

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Speaker 1: Hey Mara, hey you have a different background.

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Speaker 2: What's going on? Oh, I'm at my mom's house.

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Speaker 1: House, Mama, mandra Oh.

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Speaker 2: Mama's good. Yeah, we came here. We had like a

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Speaker 2: many little family reunion because I haven't seen my siblings

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Speaker 2: all together since last year. So it's been nice. It's

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Speaker 2: been nice a couple. It's just yeah, you think with

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Speaker 2: all these adults and a toddler it would be a

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Speaker 2: little less stressful. But I feel like because we're in

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Speaker 2: a new place, Rio is just like stuck to me

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Speaker 2: like glue. But I know he was not happy when

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Speaker 2: my mom was like, Mama has to go to work.

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Speaker 2: He's mad.

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Speaker 1: And does you have a new nephew too? Write don't

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Speaker 1: you like a new nephew and niece?

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Speaker 2: No, I know it came up though. My little brother's like, yeah,

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Speaker 2: I don't know if I want to have kids. My

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Speaker 2: sister's already not. She has three dogs, and you know

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Speaker 2: her and her husband are not having children. They've decided

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Speaker 2: for many years now. I'm just like, I'm I just

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Speaker 2: going to be trapped here. The only one someone might

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Speaker 2: be only one, no, no one else can to join

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Speaker 2: the misery. No, I'm kidding, just like, yeah, make your

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Speaker 2: own choices.

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Speaker 1: That's great.

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Speaker 2: I got no argument for it, going for it like

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Speaker 2: it's yeah, it's crazy expensive and very stressful, but yeah,

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Speaker 2: go live your go live your fabulous lives.

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Speaker 1: Oh, I have some rando good news. So, as you know,

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Speaker 1: my book get good money. It's been like a year old.

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Speaker 1: It's sold like one hundred and sixty five thousand copies,

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Speaker 1: which is great, but the other week, so I've been

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Speaker 1: averaging about eight hundred or so sales, seven to eight

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Speaker 1: hundred or so sales a week for the last maybe

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Speaker 1: like two months or so, and then I had this

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Speaker 1: big spike because I'm a psycho, and I check my

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Speaker 1: book sales every week because like most author like for example,

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Speaker 1: if you signed with Penguin like I have, you get

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Speaker 1: something called the Author Portal. But almost every major publisher

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Speaker 1: has some sort of portal where authors can log in

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Speaker 1: and see their numbers. So I checked like every week

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Speaker 1: and I saw that I had doubled in sales. It

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Speaker 1: was like fifteen hundred sales. And I was like, why,

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Speaker 1: poor quet, And because you know that's not nothing had happened.

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Speaker 1: So I looked on my social to see that I

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Speaker 1: did logan my content manager posts anything that really went crazy,

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Speaker 1: and I said, no, our usual. I had been on

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Speaker 1: this podcast called Millennial Money with Grants Sabateur said Bader,

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Speaker 1: I'm sorry, Grant, I always say your name wrong. But

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Speaker 1: you know, like I was like, okay, but you know,

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Speaker 1: like it's people anyway, keep going.

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Speaker 2: Right.

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Speaker 1: So I was like, I don't think that's it. Something

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Speaker 1: in my gut said it's social media. But I couldn't

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Speaker 1: figure out because I'm like, if it was social media,

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Speaker 1: wouldn't I be tagged like crazy in this thing, you know?

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Speaker 1: But something said this is social media because no email

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Speaker 1: had gone out nothing. So I waited and someone taged

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Speaker 1: me something random on Twitter and it was like, oh, Tiffy,

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Speaker 1: you should watch this. This young woman is really into

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Speaker 1: like self care. But the girl looked like twenty two.

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Speaker 1: I'm like, well she knows about self care. So I

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Speaker 1: didn't watch it. And then yesterday two people tagged me

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Speaker 1: and say, oh my god, Tiffany, she did this woman,

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Speaker 1: this young woman, d Asia, she did a view of

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Speaker 1: a review of your book. And I was like, oh,

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Speaker 1: that's the self care girl. Oh that's why she was

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Speaker 1: tagging me on Twitter, like one person tagged me because

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Speaker 1: I don't go on on TikTok. So she did this

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Speaker 1: review of my book on TikTok. And when I'm not

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Speaker 1: gonna lie, Mandy say if you we're going, we're gonna

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Speaker 1: give Daja a little shout out because if you won't

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Speaker 1: do a review, this is the way you do a review.

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Speaker 1: It was textbook perfect review. Her name is d Asia.

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Speaker 1: Literally the number D the letter D than the word

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Speaker 1: Asia A s I A and say so s a

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Speaker 1: y s so so d A s A I A

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Speaker 1: s a y sso so Deja say so. Go to

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Speaker 1: Daja's say so and click on how she did that

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Speaker 1: book review. If you are an influencer, if you are

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Speaker 1: you know, a content creator, and you wanted to work

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Speaker 1: with brands or whatever, that is the perfect I had

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Speaker 1: never literally it is so well done. Deja just for context,

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Speaker 1: has about twenty thousand followers on TikTok. That review has

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Speaker 1: one hundred and thirty thousand views, so, because that's how

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Speaker 1: what she did it, it's got over two hundred or

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Speaker 1: something so comments and she's commenting. And then because Desa

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Speaker 1: is a smarty pants, she made sure to put the

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Speaker 1: link in her bio, so if you bought the book,

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Speaker 1: you know, it was like an an Amazon affiliate link

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Speaker 1: for her. So people purchased the book and they use

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Speaker 1: her affiliate link right. So, but it was so well done. So,

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Speaker 1: I mean, Desa, I didn't even get a chance because

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Speaker 1: I message her on Instagram so we could connect because

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Speaker 1: I think originally she's from Jersey, so I don't know

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Speaker 1: her personally. She just bought the book. She says something like, y'all,

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Speaker 1: I have a roth Ira. Do you understand she holds

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Speaker 1: the book. This book right here was so helpful, she

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Speaker 1: explains how. Then she does a freeze frame of one

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Speaker 1: of the pages in the book and says, read this

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Speaker 1: passage right here. This is an example of how easy

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Speaker 1: it is to read this book, I mean perfection. That

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Speaker 1: sixty second video generated about seven or eight hundred book sales.

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Speaker 1: Do you understand she sold eight hundred books with her video,

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Speaker 1: And so I just so I understand book talk. So

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Speaker 1: I was just talking to my publisher at my public

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Speaker 1: Well yeah, my publisher like at Penguin. Her name is Marnie,

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Speaker 1: the big publisher over there, the big editor over there.

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Speaker 1: And then my agent Heather, because I was talking about

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Speaker 1: like potentially upcoming books and things, and I was telling

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Speaker 1: them that, and she was. Marnie was telling me that, yes,

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Speaker 1: book talk has been responsible for upwards of a fifty

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Speaker 1: percent uptick in sales of books overall, especially for the

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Speaker 1: young adult market in girls. That there are books that

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Speaker 1: were not no longer in print because they weren't selling anymore,

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Speaker 1: that have sold millions of copies because some young girl

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Speaker 1: thinks the book is amazing, talks about it on her Twitter,

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Speaker 1: on her TikTok, and then it just blows up with sales.

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Speaker 1: And so I just share all that to say. So

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Speaker 1: they're trying to figure out how do they how do

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Speaker 1: they capitalize on that, because, like I said, it's not

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Speaker 1: about finding like this creator with hundreds of thousands of followers,

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Speaker 1: because that might not be it. Diasia has twenty thousand followers.

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Speaker 1: It's not that, you know what I mean, It's not

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Speaker 1: necessarily that you have to have a ton of followers.

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Speaker 1: It's that something about the way you describe the book

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Speaker 1: makes people want to get it, and so it clearly

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Speaker 1: was shared over and over. So one I want to

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Speaker 1: shout to you, Daz y'all told her like when are

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Speaker 1: you in Jersey next? How you lunch? And so she

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Speaker 1: actually because she lives in like Boston and so she's

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Speaker 1: actually coming to Jersey in a couple of weeks, so hopefully

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Speaker 1: we can meet up. So I just want to thank

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Speaker 1: that young sister because she that was just like so

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Speaker 1: awesome and yeah, just like some I probably should have

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Speaker 1: said that for brown Booth, but job, I just had

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Speaker 1: to get her her shout out because I don't think,

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Speaker 1: you know, it wasn't intentional. She doesn't know me, she's

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Speaker 1: not want to sell books for me.

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Speaker 2: Well it worked, you know, like with marketing, there's no

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Speaker 2: way to like, you know, I prefer it's exciting when

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Speaker 2: these little moments happened because you don't one. It's like

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Speaker 2: you can't plan it. Obviously, your book is great, and

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Speaker 2: I think that's the most important thing. You wrote a

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Speaker 2: good book, Like that's how you replicate it. Have great

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Speaker 2: books and have a great you know, content because like

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Speaker 2: the people who get excited about it. That's the power

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Speaker 2: of being an influencer, like a micro influencer and TikTok's algorithm. Baby,

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Speaker 2: when it takes.

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Speaker 1: All a girl, I was like what, Yeah.

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Speaker 2: I don't sleep on TikTok. Is that why all of

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Speaker 2: a sudden you were liking my videos? You got excited,

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Speaker 2: you got on TikTok.

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Speaker 1: I had long I know, beause someone had like you know,

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Speaker 1: someone when they tagged me. So I went to TikTok

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Speaker 1: and then when I opened it, you popped up. I

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Speaker 1: was like, oh, this is cute. Oh this is cute manding.

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Speaker 1: So I was just in there anyway, So I was like,

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Speaker 1: let me get made some love while I'm in here.

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Speaker 1: This is my once a year TikTok pilgrimage. And then

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Speaker 1: like so yeah, but if anybody's on TikTok and they

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Speaker 1: want to do a review, cheah, let me know. I'm

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Speaker 1: taking TikTok reviews. Yeah, even although I'm not in TikTok.

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Speaker 1: But yeah, I just thought that that was really awesome

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Speaker 1: and just like and honestly, what I love is that

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Speaker 1: in general, what we're seeing is that the powers really

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Speaker 1: in the hand of the people. So like the powers

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Speaker 1: that be don't get to decide what's good or bad.

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Speaker 1: We get to decide. And so that's just an example

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Speaker 1: of that that like if you have a book in

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Speaker 1: you or whatever product or service that if you can

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Speaker 1: get it in the hands of actual people and make

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Speaker 1: sure that it's helpful and useful, then you know you

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Speaker 1: can do well. Even if someone says, you know, we

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Speaker 1: don't want you, It's like, yeah, you might not want

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Speaker 1: me gatekeeper, but the people want me yeah.

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Speaker 2: And it's it's completely making the access to these titles

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Speaker 2: so much more easy, Like you know, Oprah's Book Club,

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Speaker 2: I feel like almost is it's I don't know, it's

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Speaker 2: how our moms found out what books to read. And

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Speaker 2: it feels like, you know, hashtag book talk is amazing

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Speaker 2: and I love following it because it's the sweetest, most

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Speaker 2: like passionate nerds. And I say that with so much love. Yes,

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Speaker 2: And my favorite ones are when they have they're like

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Speaker 2: at a bookstore and it's all and it's usually women

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Speaker 2: working at the bookstores and they're like, and it's just

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Speaker 2: someone who's saying, you know, go grab me the last

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Speaker 2: book that made you have a good cry, Go grab

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Speaker 2: me the book that made you want to call a

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Speaker 2: friend immediately, and like the joy that they have and

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Speaker 2: sharing books and considering the fact that isn't the phone

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Speaker 2: supposed to be killing you know, the industry.

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Speaker 1: It's literally that it's not.

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Speaker 2: It's absolutely and it's almost like to our own detriment.

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Speaker 2: You know, if you're trying to write a traditionally published book,

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Speaker 2: do you overlook the power of platforms to amplify So

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Speaker 2: that's really exciting and yeah, shout out to Deja just

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Speaker 2: say so. Yes, thanks said so and it was so.

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Speaker 1: Well speaking of the power of like social media on

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Speaker 1: personal finance. Turning it around to girl this crypto chat,

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Speaker 1: are you do you invest in crypto? Nope, I have

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Speaker 1: a li little bit, not much, like you know, maybe

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Speaker 1: a few thousand dollars invested in them in crypto. But

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Speaker 1: apparently you are in the minority of minorities because black folks.

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Speaker 2: Take my black card. It's been threatened many times.

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Speaker 1: We over index apparently on in crypto into.

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Speaker 2: A disturbing level. Yeah, to a disturbing level. Well, the

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Speaker 2: reason I think we're talking about it is there is

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Speaker 2: these headlines about I mean, obviously the stock market has

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Speaker 2: been just in the trash can for a long time

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Speaker 2: quite a minute now, but crypto especially like there's actually

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Speaker 2: a study by the Federal Reserve Bank of Kansas. They're

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Speaker 2: like a big deal. Okay, when they do studies, it matters,

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Speaker 2: and one of these stats that they found, one of

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Speaker 2: these pieces of data they found really disturbed me. And

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Speaker 2: I think, of course, I feel like you had to

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Speaker 2: have them living under a rock if you didn't get

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Speaker 2: any kind of crypto content as a black person in

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Speaker 2: America over the past couple of years. And I knew

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Speaker 2: it was increasingly popular in all of that, but black

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Speaker 2: investors are more likely to have crypto than stocks or

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Speaker 2: each funds. When did we get to that level of

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Speaker 2: what happened? And I'm like, damn it, we missed some

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Speaker 2: steps in between, y'all. We missed some very important building

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Speaker 2: blocks in between. And it sucks because it's almost like

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Speaker 2: it's not like crypto's meant to be a predatory and

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Speaker 2: you know, financial product. But no, I feel like it

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Speaker 2: just shows when knowledge what knowledge? The difference between knowledge

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Speaker 2: and education. For in my mind, you know, we learned

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Speaker 2: a thing about a thing, learned a crypto and how

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Speaker 2: it existed, but like the holistic.

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Speaker 1: Education, yes, wasn't there.

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Speaker 2: And so it just kills me because I mean, how

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Speaker 2: many people thought I'm building wealth and I'm taking some

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Speaker 2: you know, steps toward breaking generational poverty and all that

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Speaker 2: only to be like, oh crap, what have I done?

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Speaker 1: And I think that's why we over index because we're

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Speaker 1: so far behind in like the wealth, you know, because

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Speaker 1: of that wealth gap. So I think a lot of

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Speaker 1: folks and I understand. I thought that this would be

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Speaker 1: a way to close that gap more quickly because I

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Speaker 1: never saw people talk about investing more than the last

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Speaker 1: few years. In like the black community, it has exploded

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Speaker 1: to talk about investing has exploded, and I have been

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Speaker 1: trying to caution people that you ought to invest, but

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Speaker 1: it is you don't neglect the foundational financial steps, you know.

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Speaker 1: It's one of the reasons, honestly why I wrote gig

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Speaker 1: it was money because I was like, you know, do

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Speaker 1: you have your budget? I know it's not sexy. Are

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Speaker 1: you saving saving?

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Speaker 2: You know?

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Speaker 1: Are you in control of your debt? How's your credit looking?

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Speaker 1: Do you know how to earn? Because once you have

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Speaker 1: this foundational things, then you can invest in a way that, yes,

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Speaker 1: you could take some risks over here, but you can

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Speaker 1: invest in a way that is more likely to return

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Speaker 1: a solid return. And then with like a percentage maybe

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Speaker 1: five percent of your portfolio, you're a little bit more risky,

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Speaker 1: maybe more if you're a little bit younger, but I

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Speaker 1: think that that's what we saw. Like one of my

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Speaker 1: one of my go to folks that I listened to,

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Speaker 1: Ian Dunlap of the Masterstor. He's on one of our

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Speaker 1: other podcasts, favorite podcasts that we'd like to listen to,

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Speaker 1: Earn your Leisure. Well they have too. They have Earn

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Speaker 1: your Leisure and they have Earn your Leisure Market Mondays,

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Speaker 1: So he does market Mondays. He's just like super smart

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Speaker 1: and intelligent when it comes to the market, and you

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Speaker 1: would think, you know, he's a young brother, and he

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Speaker 1: would always say he was like, you know, light on

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Speaker 1: crypto because he was like ultimately, he was like, you're

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Speaker 1: seeing all these people talk about it because it's sexy.

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Speaker 1: I'm here to talk about the investing fundamentals, and I'm

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Speaker 1: not convinced that crypto is not it's not still wildly

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Speaker 1: swinging yet. This was this was before when crypto was

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Speaker 1: doing really well. He was like, yeah, but the market

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Speaker 1: has over one hundred years in the game, so you know,

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Speaker 1: and so but folks, you know, we're listening to the

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Speaker 1: pop up new financial educators who just came to market,

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Speaker 1: who you know, just learned crypto, and it just.

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Speaker 2: Makes me think about how we have food deserts and

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Speaker 2: black communities and all you can get is like the

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Speaker 2: corner store with the junk food and the process shit

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Speaker 2: and you know, and maybe there's a couple of like

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Speaker 2: healthy items there, but the quality of the information is

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Speaker 2: so not great by the times, by the time it

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Speaker 2: gets to our neighborhoods or wherever we live. And that's

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Speaker 2: what I feel. This is indicative of indicative of too.

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Speaker 2: You know, we should be able. We need the whole

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Speaker 2: foods of financial advice. We deserve that, you know, like

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Speaker 2: there should be the fun sprinkles, but there also should

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Speaker 2: be the substance, you know, like you have the good

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Speaker 2: quality stuff. And for me, that's that basic, you know,

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Speaker 2: core investing information so that you're not over indexing on

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Speaker 2: that junk. You know.

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Speaker 1: So we have Brenna Bishop baby in our Q and

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Speaker 1: A yes, that's why you are here listening. You know,

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Speaker 1: you get the whole meal. Were not just snacks up

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Speaker 1: in here. We might look like a snack, but we

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Speaker 1: serve at home wheels up in here.

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Speaker 2: I don't think we've ever talked about crypto and on

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Speaker 2: this show, because I know there's been like dips in

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Speaker 2: the past too, And I think for a hot minute

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Speaker 2: I did own like a tiny, tiny bit of bitcoin.

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Speaker 2: But it's just anyway, and I think we've only ever

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Speaker 2: discussed in the context that I think it deserves to

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Speaker 2: be discussed in, which is like, this is a new territory.

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Speaker 2: It's you know, it's an untested, new you know asset.

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Speaker 2: What what even is it? And and and the reasons

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Speaker 2: I think people were drawn to it. It's like, oh,

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Speaker 2: it's and there's that lack of fundamental trust in the

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Speaker 2: banking sector. I think it just black households in general,

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Speaker 2: and crypto felt like that alternative. It felt like something

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Speaker 2: that could be ours and didn't have like you know

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Speaker 2: that like that that that baggage that came with it.

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Speaker 2: But the fact that some people are treating crypto like

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Speaker 2: a like a like a savings account, like it's supposed

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Speaker 2: to be safe, yeah, from the effects of stock market

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Speaker 2: crashes and a recession, like recession proof investment.

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Speaker 1: Like yeah, I don't know where that can.

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Speaker 2: We blame Paris Hilton or Matt Damon Is it there for?

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Speaker 2: Like I don't know, I.

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Speaker 1: Don't know, you know, because I read about the case,

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Speaker 1: I thought that I think at first well, crypto first

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Speaker 1: first came about, like the underbelly of crypto was like,

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Speaker 1: so people could do a legal activity. They could do

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Speaker 1: bad things with bad people, so you can sell drugs,

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Speaker 1: you could do things and not get caught, you know.

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Speaker 1: But then like when traditional kind of investors type started

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Speaker 1: to latch on, what I was hearing from them that

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Speaker 1: crypto is a hedge against around recessions. So as the

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Speaker 1: traditional money goes down in value, and well really not

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Speaker 1: over hedge against recession, more sure, a hedge against inflation.

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Speaker 1: That like, as traditional money loses its value, crypto, because

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Speaker 1: it's not tied to like a country or a place

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Speaker 1: or government, crypto should remain solid. But what we see

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Speaker 1: is that like you know, like that's not true that

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Speaker 1: all things are linked. So the dollar bill is you know,

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Speaker 1: like what is our inflation right now? Like eight point

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Speaker 1: something percent. Crypto has lost about fifty percent of its value,

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Speaker 1: if not more, for some cost.

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Speaker 2: Unsusceptible to the emotions that drive stock market crashes any

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Speaker 2: other asset. I don't understand. How was it not supposed

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Speaker 2: to be impacted behind like market forces? How it doesn't

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Speaker 2: make any sense.

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Speaker 1: Well, now we know we knew natcha.

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Speaker 2: This is the test that we've been waiting for. You know,

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Speaker 2: what's going to happen with bitcoin again? I think back

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Speaker 2: to my like really annoying econ professor from college and

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Speaker 2: his Hawaiian T shirts who I'm sure or his Hawaiian shirts,

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Speaker 2: who would love this? Like this grand economic experiment that

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Speaker 2: we're in right now, Like what will happen? So just

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Speaker 2: more data? But this is going to be a hot

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Speaker 2: I mean July, y'all girl, like summer time. Everyone's checking out.

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Speaker 2: This is Can we check out?

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Speaker 1: Can we talk about what our friend Kevin Matthews he's

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Speaker 1: building bread on Instagram. He has this great post that

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Speaker 1: basically breaks down the four core dates in July that

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Speaker 1: in the caption, yes, oh yeah, mark your calendars. Okay,

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Speaker 1: So first July eighth, it's the unemployment report we get

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Speaker 1: to see is it going up? Is it going down?

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Speaker 1: Is it better? Is it worse? That comes out July eighth?

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Speaker 1: Mark your calendars? So what comes next?

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Speaker 2: Me? Sorry, I guys have that. Mom. I'm sorry, she's like,

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Speaker 2: because it's okay for me to take Brio to the park. Yes,

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Speaker 2: take him? My bad? What'd you ask me? So?

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Speaker 1: Like I said, so July eighth, the Unemployment report comes out.

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Speaker 1: So this is a report that's going to help to

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Speaker 1: dictate whether or not, you know, unemployment is getting better,

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Speaker 1: it's getting worse. What industries are getting better and worse?

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Speaker 1: So that comes out July eighth.

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Speaker 2: July eighth, Yeah, I think everyone will have their eyes

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Speaker 2: on it. Unemployment is still really really low. It's like

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Speaker 2: a three point six percent, So if it's starting to

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Speaker 2: go up as it has in the past month, and yeah,

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Speaker 2: that will be a huge indicator that things are not

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Speaker 2: looking good for us. After that, what does keV have?

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Speaker 2: July eighteenth, Google Google stock split. Another day, another stock split,

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Speaker 2: but this time it's Google.

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Speaker 1: Yep, twenty to one stock split. Uh, not that I've

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Speaker 1: ever remember, Well, I haven't been investing for like, I mean,

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Speaker 1: probably the last ten years, Not that I remember. Maybe

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Speaker 1: I'm sure they've done what FO but not that since

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Speaker 1: I've been an investor. But it's going to be a

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Speaker 1: twenty to one stock split. So means if you have

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Speaker 1: one chair, you now will have twenty shares that add

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Speaker 1: up to the one chair that you had before. What

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Speaker 1: I have seen with so many stock splits, well, we're

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Speaker 1: going through a crazy time right now. Anyway that there's

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Speaker 1: an initial drop even after the stock split, and then

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Speaker 1: like you know, you hope it starts to climb up.

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Speaker 1: I mean, Google's kind of a goliath, so you know,

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Speaker 1: I mean, I still think it's a solid investment. I'm

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Speaker 1: not giveing you investment advice, but it's a solid investment.

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Speaker 1: But I don't know I would buy right after the

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Speaker 1: initial stocksplit just because they're usually a dip and then

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Speaker 1: you know, they get to make the stallion needs to

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Speaker 1: come back up eventually, so you might want to start

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Speaker 1: buying on the rise that selling. That's July eighteenth, marker calendars.

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Speaker 1: July twenty fifth, earning season starts, so for those who

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Speaker 1: don't know, earning season is when the like folks, who

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Speaker 1: I mean people will start to report their earning. So

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Speaker 1: big companies, like big you know, companies that are you know,

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Speaker 1: publicly traded will start to report their earnings. And especially

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Speaker 1: if you get dividends, meaning like if you are invested

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Speaker 1: in a company that per stock will yield you know,

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Speaker 1: a dollar per stock fifty cents or whatever, you'll start

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Speaker 1: to know what that is. So earning seasons will that

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Speaker 1: will they'll start to report out so people either get

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Speaker 1: excited or depressed or buy more or less. But that's

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Speaker 1: you will get like that will start to be reported

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Speaker 1: out July twenty fifth, So that's huge, So you want

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Speaker 1: to mark your calendars.

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Speaker 2: Yeah, and that sort of ties into the next, you know,

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Speaker 2: big date in July, which is July twenty eighth. I

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Speaker 2: didn't know this was any big deal or any big

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Speaker 2: holiday until Kevin points it out, pointed this out. But y'all,

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Speaker 2: we've talked about this in past episodes too, sort of

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Speaker 2: like who decides if we're in a recession or not?

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Speaker 2: And what does it take to be in a recession?

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Speaker 2: And one of the key key if you break it

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Speaker 2: down that the main definition is a couple of two

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Speaker 2: quarters in a row of a decline in gross domestic product,

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Speaker 2: so a decline in what the US is producing and

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Speaker 2: how much money we're making as a country. And July

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Speaker 2: twenty eighth is when the agency National Bureau of Economic

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Speaker 2: what is it and NYBER Economic Research when they basically

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Speaker 2: come out and they'll say, okay, based on these earnings

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Speaker 2: that we're seeing the GDP of the country, you know,

430
00:21:14,359 --> 00:21:17,000
Speaker 2: has it been two quarters of a decline? Okay? Ring

431
00:21:17,040 --> 00:21:21,159
Speaker 2: the alarm it's recession time maybe, so it's you know,

432
00:21:21,520 --> 00:21:24,920
Speaker 2: I would argue that whether or not they ring any

433
00:21:24,960 --> 00:21:27,960
Speaker 2: bell when there's a recession coming, like, you should still

434
00:21:28,000 --> 00:21:30,879
Speaker 2: be taking steps now, like every day I think throughout

435
00:21:30,920 --> 00:21:33,960
Speaker 2: our you know, just basic and financial good practices are

436
00:21:34,000 --> 00:21:37,280
Speaker 2: to you know, keep your debt low, keep a plan

437
00:21:37,359 --> 00:21:39,600
Speaker 2: for paying down your debt, keep a plan for saving

438
00:21:39,600 --> 00:21:42,680
Speaker 2: and investing, you know, keep your emergency funds on the side,

439
00:21:42,680 --> 00:21:46,520
Speaker 2: so you're always ready for a recession. But yeah, we'll

440
00:21:46,560 --> 00:21:49,240
Speaker 2: see what happens. It's like winter is coming, I.

441
00:21:49,480 --> 00:21:53,040
Speaker 1: Know, so like yeah, so that twenty eighth, it'll yeah,

442
00:21:53,119 --> 00:21:57,240
Speaker 1: it'll be official, official, official. Now it's different from last

443
00:21:57,280 --> 00:21:59,560
Speaker 1: time because remember we entered into our session during COVID,

444
00:22:00,119 --> 00:22:02,720
Speaker 1: but it was such a quick turnaround. I don't believe

445
00:22:02,720 --> 00:22:04,560
Speaker 1: if we enter into too a recession that that's what's

446
00:22:04,600 --> 00:22:07,400
Speaker 1: going to happen, because the jump jumped up so much

447
00:22:07,400 --> 00:22:09,840
Speaker 1: it was almost an unnatural So what we're seeing, if

448
00:22:10,080 --> 00:22:11,720
Speaker 1: you ask me, is kind of like a course correction

449
00:22:11,840 --> 00:22:17,080
Speaker 1: from all that growth. And so yeah, so Gurja Loins,

450
00:22:17,600 --> 00:22:18,800
Speaker 1: you know, we might be in for kind of like

451
00:22:18,840 --> 00:22:21,439
Speaker 1: a bumpy you know, kind of a bumpy ride. You know,

452
00:22:21,440 --> 00:22:23,760
Speaker 1: we've lived through it before, and that's recessions are quite

453
00:22:23,800 --> 00:22:26,800
Speaker 1: are quite cyclical, so you know, they come and they go.

454
00:22:26,840 --> 00:22:30,520
Speaker 1: And I think a depression is I believe it's it's

455
00:22:30,920 --> 00:22:33,560
Speaker 1: is it six months of I think that's what a

456
00:22:33,560 --> 00:22:36,879
Speaker 1: depression is. Like, I think it's like six months like

457
00:22:37,400 --> 00:22:42,199
Speaker 1: of GDP, like you know, on the decline, and you know,

458
00:22:42,240 --> 00:22:45,239
Speaker 1: the last depression was the Great Depression. Something else that

459
00:22:46,320 --> 00:22:48,000
Speaker 1: Kevin shared that I thought that was like, Oh, you're right.

460
00:22:48,040 --> 00:22:52,399
Speaker 1: In the comments is July thirteenth, we'll get the latest

461
00:22:52,400 --> 00:22:56,680
Speaker 1: inflation numbers. So before all the shenanigans, I remember, inflation

462
00:22:56,760 --> 00:22:59,200
Speaker 1: for the longest time hovered around three percent. Now we're

463
00:22:59,240 --> 00:23:02,119
Speaker 1: over eight percent, so we'll see where we are now now.

464
00:23:02,560 --> 00:23:05,679
Speaker 1: Something actually, my mentee Eacy just texts me today that

465
00:23:05,720 --> 00:23:11,199
Speaker 1: I thought was really interesting. She said that she's like,

466
00:23:11,200 --> 00:23:13,160
Speaker 1: can you take a look at this? So a financial

467
00:23:13,560 --> 00:23:17,040
Speaker 1: person that she like follows was like, here's the thing

468
00:23:18,000 --> 00:23:23,720
Speaker 1: that we are as a country. Are we losing our

469
00:23:24,160 --> 00:23:29,600
Speaker 1: top world world status status? You know, meaning typically after

470
00:23:29,640 --> 00:23:32,880
Speaker 1: one hundred years this happened where you know, at one

471
00:23:32,880 --> 00:23:37,359
Speaker 1: point it was Germany, that France, you know, Rome, and

472
00:23:37,440 --> 00:23:40,679
Speaker 1: so like, are we really just seeing like this is

473
00:23:40,720 --> 00:23:43,280
Speaker 1: like the beginning of the decline of US being like

474
00:23:43,400 --> 00:23:46,880
Speaker 1: the number one world power. Maybe maybe China is up next,

475
00:23:46,880 --> 00:23:50,359
Speaker 1: maybe Japan is up next, and maybe so because you know,

476
00:23:50,440 --> 00:23:52,560
Speaker 1: if we look at what history tells us, you know

477
00:23:52,760 --> 00:23:54,719
Speaker 1: that we're in the final stages of that they call

478
00:23:54,800 --> 00:23:58,720
Speaker 1: thee hundred year Empire, So like every hundred years a

479
00:23:58,840 --> 00:24:02,480
Speaker 1: new empire becomes becomes like the number one empire. Like obviously,

480
00:24:02,520 --> 00:24:04,880
Speaker 1: like look at Europe, they're still here, you know, look

481
00:24:04,880 --> 00:24:06,920
Speaker 1: at those countries that I mentioned before, they're still here,

482
00:24:07,280 --> 00:24:09,399
Speaker 1: but they're not you know, the United States for a

483
00:24:09,400 --> 00:24:11,639
Speaker 1: long time has been number one people. We were at

484
00:24:11,640 --> 00:24:14,919
Speaker 1: the gold standard as far as like money and the dollar,

485
00:24:15,280 --> 00:24:17,480
Speaker 1: and so maybe you were at the we're slowly but

486
00:24:17,520 --> 00:24:19,560
Speaker 1: surely at the end of that. And I don't know,

487
00:24:19,680 --> 00:24:23,280
Speaker 1: but you know, if that's so, you know, maybe you

488
00:24:23,280 --> 00:24:25,199
Speaker 1: know it might be in another you know, twenty or

489
00:24:25,240 --> 00:24:28,040
Speaker 1: ten years before that actually happens. But no one stays

490
00:24:28,119 --> 00:24:32,880
Speaker 1: up forever, you know. So yeah, like you know.

491
00:24:33,200 --> 00:24:35,800
Speaker 2: It doesn't feel like the number one place to live.

492
00:24:37,080 --> 00:24:38,639
Speaker 1: Not know what I'm saying.

493
00:24:39,320 --> 00:24:43,040
Speaker 2: Yeah, I think like a lot of people these like listening,

494
00:24:43,080 --> 00:24:45,919
Speaker 2: I'm here in Saint Louis, which is, you know, not

495
00:24:46,040 --> 00:24:48,800
Speaker 2: the best place to be in general, but yeah, in

496
00:24:48,840 --> 00:24:51,520
Speaker 2: this neighborhood, just all these fireworks going off and all

497
00:24:51,520 --> 00:24:55,520
Speaker 2: the excitement. I'm like, well, what for exactly? I mean,

498
00:24:55,560 --> 00:24:57,240
Speaker 2: there still no birthday property.

499
00:24:57,920 --> 00:24:59,639
Speaker 1: You know, you're active in school and your mom's like,

500
00:24:59,680 --> 00:25:02,760
Speaker 1: nope're day party. You're like, what, Yeah, you've been acting

501
00:25:02,800 --> 00:25:05,359
Speaker 1: a USA. No birthday party for you.

502
00:25:06,400 --> 00:25:09,000
Speaker 2: I mean people, you do put the US on a pedestal,

503
00:25:09,040 --> 00:25:11,320
Speaker 2: But no, I don't think that. I think for a

504
00:25:11,359 --> 00:25:15,399
Speaker 2: long time we've seen how untrue it is that we

505
00:25:15,480 --> 00:25:18,480
Speaker 2: have everything right and that's okay. I think honestly, people

506
00:25:18,560 --> 00:25:22,680
Speaker 2: are more driven to fight back and to want to

507
00:25:22,720 --> 00:25:25,960
Speaker 2: fix things when we are not all underneath, Like we're

508
00:25:26,000 --> 00:25:29,880
Speaker 2: not operating under this false belief that everything is perfect

509
00:25:30,000 --> 00:25:32,680
Speaker 2: and things are rosy and why do anything things you're fine.

510
00:25:33,200 --> 00:25:35,679
Speaker 2: I think we're seeing that things are not fine. So

511
00:25:35,680 --> 00:25:39,080
Speaker 2: hopefully that will like drive people to actually do something.

512
00:25:39,600 --> 00:25:43,200
Speaker 2: But this month, like if the let's do worst case scenario,

513
00:25:43,200 --> 00:25:44,640
Speaker 2: because sometimes it makes me feel better just to look

514
00:25:44,640 --> 00:25:49,240
Speaker 2: at the scary thing worst case scenario. We are gonna

515
00:25:49,480 --> 00:25:52,320
Speaker 2: officially be considered a recession at the end of July,

516
00:25:52,440 --> 00:25:57,960
Speaker 2: and then what happens, markets will probably go a little haywarm,

517
00:25:58,680 --> 00:26:01,720
Speaker 2: as they already have done. I think we can absolutely

518
00:26:01,720 --> 00:26:05,320
Speaker 2: expect more layoffs to come. We've seen some layoffs here

519
00:26:05,320 --> 00:26:07,240
Speaker 2: and there. I mean, layoffs are always happening, but of

520
00:26:07,280 --> 00:26:10,600
Speaker 2: course during times like this there's extra scrutiny. But I

521
00:26:10,600 --> 00:26:12,760
Speaker 2: think we'll definitely see more layoffs. What I think happens

522
00:26:12,760 --> 00:26:15,600
Speaker 2: too is there's a there's an important psychological impact of

523
00:26:15,600 --> 00:26:18,560
Speaker 2: being told okay, it's a recession. Yeah, And not just that,

524
00:26:18,640 --> 00:26:21,480
Speaker 2: but for other for business leaders to see other business

525
00:26:21,560 --> 00:26:24,520
Speaker 2: leaders choosing to cut costs and reduce you know, labor,

526
00:26:25,960 --> 00:26:28,920
Speaker 2: then maybe they're more likely to make a similar decision themselves.

527
00:26:29,680 --> 00:26:31,240
Speaker 2: But I have to say I was at it. I

528
00:26:31,280 --> 00:26:33,320
Speaker 2: was at a wedding this weekend with an old buddy

529
00:26:33,359 --> 00:26:39,040
Speaker 2: of mine who is just a brilliant, a brilliant sort

530
00:26:39,040 --> 00:26:44,199
Speaker 2: of investing analyst, and he was saying, how, you know,

531
00:26:44,600 --> 00:26:47,400
Speaker 2: in some of the trends that he's seeing, some companies

532
00:26:47,440 --> 00:26:50,520
Speaker 2: are choosing rather maybe they would cut, maybe they would

533
00:26:50,520 --> 00:26:53,440
Speaker 2: reduce costs. Obviously they would if they if they cut

534
00:26:53,480 --> 00:26:56,320
Speaker 2: some jobs now, but that there's still this feeling that

535
00:26:56,440 --> 00:26:58,080
Speaker 2: when they want to rehire it's going to be so

536
00:26:58,200 --> 00:27:00,280
Speaker 2: damn hard to find people because the labor it is

537
00:27:00,320 --> 00:27:03,840
Speaker 2: still pretty tight, that they'd rather just waste, not waste,

538
00:27:03,880 --> 00:27:08,159
Speaker 2: but rather lose the money by keeping staff on and

539
00:27:08,280 --> 00:27:10,879
Speaker 2: crite it out than having to put the put the

540
00:27:10,920 --> 00:27:14,280
Speaker 2: resources into like recruiting down the line. And for him

541
00:27:14,280 --> 00:27:15,800
Speaker 2: to say that, I was just like, yes, and there's

542
00:27:15,800 --> 00:27:18,520
Speaker 2: not always black and white, and especially for folks who

543
00:27:18,560 --> 00:27:20,600
Speaker 2: are you know, concerned, what does this mean for my

544
00:27:20,640 --> 00:27:23,320
Speaker 2: career prospects and all of that. I still think there

545
00:27:23,320 --> 00:27:27,399
Speaker 2: will be opportunities for you know that top talent and

546
00:27:27,480 --> 00:27:32,000
Speaker 2: top talent within companies now. But you know it's not

547
00:27:32,320 --> 00:27:34,080
Speaker 2: all in our control at the end of the day.

548
00:27:35,040 --> 00:27:37,840
Speaker 1: Yes, well, I know it's a heavy lot that we

549
00:27:37,880 --> 00:27:38,680
Speaker 1: put on y'all, but.

550
00:27:38,640 --> 00:27:42,199
Speaker 2: It is Asia. Maybe Desia should post yay America on

551
00:27:42,280 --> 00:27:46,280
Speaker 2: TikTok and then people would people will start.

552
00:27:45,480 --> 00:27:49,520
Speaker 1: Right, Can you can you you know, do a TikTok

553
00:27:49,680 --> 00:27:53,800
Speaker 1: so we could turn things around to talk.

554
00:27:53,680 --> 00:27:55,520
Speaker 2: For the s m P. Five hundred.

555
00:27:56,440 --> 00:27:58,560
Speaker 1: Yeah, Well, I'll say this so if you haven't listened already,

556
00:27:58,560 --> 00:28:01,159
Speaker 1: well before we take our break. If you haven't listened already,

557
00:28:01,240 --> 00:28:03,480
Speaker 1: keep listening here, but go back to our last b

558
00:28:03,560 --> 00:28:05,960
Speaker 1: a q A because if you're like, how do I

559
00:28:05,960 --> 00:28:09,160
Speaker 1: even prepare for a recession? We got you. We answer

560
00:28:09,200 --> 00:28:12,120
Speaker 1: that question super thoroughly so you can you know if

561
00:28:12,119 --> 00:28:13,720
Speaker 1: you don't know, Every Friday we have a b a

562
00:28:13,840 --> 00:28:16,520
Speaker 1: q A and we answer that question there so you

563
00:28:16,560 --> 00:28:18,600
Speaker 1: can dive deep and start to prepare.

564
00:28:18,840 --> 00:28:20,600
Speaker 2: So all right, what should we take a quick breaking

565
00:28:20,640 --> 00:28:22,520
Speaker 2: break and come back to break?

566
00:28:23,119 --> 00:28:29,119
Speaker 1: Yes we should. Now it's time for boost break up,

567
00:28:29,160 --> 00:28:32,000
Speaker 1: boost break, booz.

568
00:28:33,320 --> 00:28:33,879
Speaker 2: Break?

569
00:28:34,280 --> 00:28:37,280
Speaker 1: Are you gonna booze? Are you gonna break?

570
00:28:37,440 --> 00:28:38,080
Speaker 2: Yes? Yes?

571
00:28:38,400 --> 00:28:44,000
Speaker 1: Are you gonna Are you gonna break? What you gonna do? Okay?

572
00:28:44,080 --> 00:28:48,040
Speaker 1: Boosty breaking time? So mandra are you gonna boost? Are

573
00:28:48,080 --> 00:28:48,960
Speaker 1: you gonna break?

574
00:28:49,880 --> 00:28:51,080
Speaker 2: Permission to break? Please?

575
00:28:51,640 --> 00:28:54,120
Speaker 1: Yes? Permission? Granted I was gonna say we've been boosted

576
00:28:54,160 --> 00:28:57,000
Speaker 1: alive because it's been dork times down here, but you know.

577
00:28:58,280 --> 00:29:01,560
Speaker 2: Yes, it's okay not to be Okaylado said, Oh I

578
00:29:01,720 --> 00:29:05,040
Speaker 2: liked that. Yes, yeah, So what I have not been

579
00:29:05,080 --> 00:29:07,600
Speaker 2: okay with is and I won't name names because you know,

580
00:29:08,040 --> 00:29:10,200
Speaker 2: I'm out here trying to get these influencer dollars in

581
00:29:10,240 --> 00:29:13,520
Speaker 2: these streets. But my business bank account that I chose

582
00:29:13,600 --> 00:29:16,040
Speaker 2: last summer, I did my research, I wanted to find

583
00:29:16,080 --> 00:29:18,920
Speaker 2: a bank that had low fees and online only experience

584
00:29:19,720 --> 00:29:22,360
Speaker 2: was relatively well reviewed, and my top choice at the

585
00:29:22,400 --> 00:29:25,400
Speaker 2: time was no longer accepting new applications because they were

586
00:29:25,480 --> 00:29:28,200
Speaker 2: kind of startup anyway. So went with this one particular bank.

587
00:29:28,600 --> 00:29:31,360
Speaker 2: And it's been a year and it's such a pain

588
00:29:31,400 --> 00:29:34,040
Speaker 2: in the butt to switch banks, but I had to

589
00:29:34,240 --> 00:29:37,920
Speaker 2: do it because I think it's so important. Obviously to

590
00:29:38,000 --> 00:29:41,160
Speaker 2: have digital only experiences is wonderful because they tend to

591
00:29:41,160 --> 00:29:43,960
Speaker 2: give you as a bank will give you higher returns,

592
00:29:43,960 --> 00:29:46,800
Speaker 2: like higher rates on your savings and checking, and they

593
00:29:46,800 --> 00:29:48,640
Speaker 2: don't charge those fees. You know. I was a new

594
00:29:48,680 --> 00:29:50,160
Speaker 2: business owner. I didn't know how much money I was

595
00:29:50,160 --> 00:29:52,320
Speaker 2: going to have on my account, so I didn't want

596
00:29:52,320 --> 00:29:54,560
Speaker 2: to immediately get an account that was like, you know,

597
00:29:54,600 --> 00:29:57,680
Speaker 2: twenty five dollars a month unless you have this minimum

598
00:29:57,680 --> 00:30:00,600
Speaker 2: deposit or this many you know, transaction actions a month

599
00:30:00,640 --> 00:30:03,720
Speaker 2: or whatnot. So I chose this bank, and the online

600
00:30:03,760 --> 00:30:08,880
Speaker 2: experience is so shite, so horrible. I was sick of it,

601
00:30:08,960 --> 00:30:11,360
Speaker 2: like always had and like having to change my password

602
00:30:11,400 --> 00:30:13,920
Speaker 2: every couple of months, and then not only that, but

603
00:30:14,280 --> 00:30:17,240
Speaker 2: I was supposed to be given a relationship manager, someone

604
00:30:17,240 --> 00:30:19,280
Speaker 2: who had a name who I could reach out to.

605
00:30:19,320 --> 00:30:21,040
Speaker 2: Shout out to Chris, who I don't even know if

606
00:30:21,080 --> 00:30:24,520
Speaker 2: you exist or not, never took my phone calls, like

607
00:30:24,880 --> 00:30:26,840
Speaker 2: and I got locked out of my account and I

608
00:30:26,840 --> 00:30:29,640
Speaker 2: wasn't able to pay a vendor or sorry pay it,

609
00:30:30,200 --> 00:30:32,320
Speaker 2: like yeah, pay someone that was helping me on a project.

610
00:30:32,400 --> 00:30:35,320
Speaker 2: And it was just such a hot mess. So I

611
00:30:35,360 --> 00:30:38,040
Speaker 2: swallowed my pride because I thought I made the right decision.

612
00:30:38,120 --> 00:30:39,880
Speaker 2: And I was like, let me go find a better

613
00:30:39,880 --> 00:30:42,800
Speaker 2: bank account and let me be really specific and actually

614
00:30:42,960 --> 00:30:45,880
Speaker 2: see if I can get like a preview of their

615
00:30:45,920 --> 00:30:49,000
Speaker 2: system and like see the back end. And I am excited.

616
00:30:49,000 --> 00:30:50,680
Speaker 2: I found a different bank. I'm only a weekend, so

617
00:30:50,720 --> 00:30:53,520
Speaker 2: I'm not about to endorse any new bank. But the

618
00:30:53,560 --> 00:30:56,719
Speaker 2: way that I had to the list of things that

619
00:30:56,800 --> 00:30:59,320
Speaker 2: I had to update, I went on my Trello. Do

620
00:30:59,360 --> 00:30:59,920
Speaker 2: you use Trello?

621
00:31:00,440 --> 00:31:00,720
Speaker 1: I did?

622
00:31:00,800 --> 00:31:04,320
Speaker 2: I love Trello. I just made myself a Trello card.

623
00:31:04,400 --> 00:31:06,760
Speaker 2: And for anyone who's who's dealing with the shitty bank

624
00:31:06,800 --> 00:31:08,440
Speaker 2: and you know you want to choose, you know you

625
00:31:08,480 --> 00:31:10,280
Speaker 2: want to leave, and you know that you should leave,

626
00:31:11,520 --> 00:31:13,920
Speaker 2: just take it from me. Just list out all the

627
00:31:13,960 --> 00:31:16,239
Speaker 2: accounts that you need to update and just you know,

628
00:31:16,280 --> 00:31:18,600
Speaker 2: take a couple hours and just get it done. My

629
00:31:18,720 --> 00:31:21,800
Speaker 2: peace of mind has returned. I'm so happy that I

630
00:31:21,920 --> 00:31:24,240
Speaker 2: voted with my dollars and like taken money away from

631
00:31:24,280 --> 00:31:28,880
Speaker 2: a really terrible experience. So yeah, break to bad customer

632
00:31:28,920 --> 00:31:31,160
Speaker 2: support and a boost to the ones who were doing

633
00:31:31,240 --> 00:31:33,960
Speaker 2: it right, and shut it to my new bank. I'll

634
00:31:34,000 --> 00:31:36,880
Speaker 2: let you guys know another year whether or not I

635
00:31:36,920 --> 00:31:38,000
Speaker 2: made the right choice.

636
00:31:40,840 --> 00:31:43,200
Speaker 1: Well, I'm going to keep the I'm trying to think

637
00:31:43,600 --> 00:31:47,320
Speaker 1: I had a break, but I was just like yeah,

638
00:31:49,120 --> 00:31:52,480
Speaker 1: So instead, I'm going to just keep the gig or

639
00:31:52,520 --> 00:31:56,920
Speaker 1: money trained going. I just hit fourth four thousand reviews

640
00:31:57,720 --> 00:32:01,120
Speaker 1: on Amazon, which is like, I see, I can't even believe.

641
00:32:01,240 --> 00:32:03,760
Speaker 1: I'm not gonna lie. I'm like, yes, it is a lot.

642
00:32:04,160 --> 00:32:06,800
Speaker 1: And what's so crazy is of the four thousand reviews,

643
00:32:07,040 --> 00:32:09,840
Speaker 1: three thousand, nine hundred and eighty four or five star

644
00:32:09,920 --> 00:32:15,120
Speaker 1: reviews And that makes only days I know, only stem

645
00:32:15,400 --> 00:32:20,760
Speaker 1: unheard of even I'm like, damn, did I body's not. Oh,

646
00:32:20,760 --> 00:32:22,880
Speaker 1: but I'm just like that's crazy. Only sixteen of the

647
00:32:22,880 --> 00:32:27,680
Speaker 1: four thousand are not a five star. Yeah, it really is,

648
00:32:27,720 --> 00:32:30,680
Speaker 1: And I just have to say, like I have like

649
00:32:30,720 --> 00:32:33,160
Speaker 1: a I don't know if I can say so, but

650
00:32:33,240 --> 00:32:35,080
Speaker 1: we have something coming up for Gegor. That's why I

651
00:32:35,080 --> 00:32:38,560
Speaker 1: was meeting with my publisher and my agent today to

652
00:32:38,640 --> 00:32:41,520
Speaker 1: help extend and beyond what I've done already. So I'm

653
00:32:41,520 --> 00:32:44,320
Speaker 1: excited for what that looks like. But yeah, it just

654
00:32:45,200 --> 00:32:47,120
Speaker 1: you know what it does. It makes me feel really

655
00:32:47,320 --> 00:32:50,680
Speaker 1: good because this is what I intended. So you know,

656
00:32:50,720 --> 00:32:52,240
Speaker 1: like you know, May's writing a book, but this is

657
00:32:52,280 --> 00:32:55,400
Speaker 1: for anybody doing anything that, like you know, there's like

658
00:32:55,440 --> 00:32:57,280
Speaker 1: the initial intent and certainly you want to do well,

659
00:32:57,320 --> 00:32:59,520
Speaker 1: you want to sell YadA, YadA, YadA, whatever, the initial

660
00:32:59,520 --> 00:33:01,880
Speaker 1: thing you're one to do when you're launching something new.

661
00:33:02,720 --> 00:33:09,120
Speaker 1: But I like to also fast forward two years, five years,

662
00:33:09,200 --> 00:33:12,560
Speaker 1: ten years, twenty years, and what I wanted was, what,

663
00:33:12,720 --> 00:33:14,680
Speaker 1: like the four hour work we had, I will teach

664
00:33:14,680 --> 00:33:16,400
Speaker 1: you to be rich that I wanted it to be

665
00:33:16,400 --> 00:33:19,800
Speaker 1: a resource that people can lean into years and years

666
00:33:19,800 --> 00:33:21,400
Speaker 1: and years from now. So I wrote it with the

667
00:33:21,440 --> 00:33:23,320
Speaker 1: intention of, yes, I want to do well now, but

668
00:33:23,400 --> 00:33:26,320
Speaker 1: even more importantly, I want to be there for you later.

669
00:33:26,720 --> 00:33:28,880
Speaker 1: Now that we're entering into this recession, I'm like, this

670
00:33:28,920 --> 00:33:31,560
Speaker 1: is an awesome tool I know, I wrote something solid

671
00:33:31,640 --> 00:33:34,400
Speaker 1: and good and useful, and so I'm just really proud

672
00:33:34,440 --> 00:33:38,000
Speaker 1: that what I intended and what I work toward, you know, besides,

673
00:33:38,040 --> 00:33:39,479
Speaker 1: like you know, the good sales and all that kind

674
00:33:39,520 --> 00:33:43,480
Speaker 1: of stuff, it's like happening because this is beyond dreamcatchers.

675
00:33:43,480 --> 00:33:45,600
Speaker 1: This is beyond people who know me, Like I have

676
00:33:45,760 --> 00:33:48,200
Speaker 1: like white dudes coming up to me and saying like,

677
00:33:48,240 --> 00:33:50,200
Speaker 1: oh my god, I love your book. I'm like, what,

678
00:33:51,440 --> 00:33:53,680
Speaker 1: because I wrote the book first and foremost this is

679
00:33:53,680 --> 00:33:56,080
Speaker 1: like the inner circle word for black women, and then

680
00:33:56,120 --> 00:33:58,440
Speaker 1: the circle beyond that was for women of color, and

681
00:33:58,440 --> 00:34:00,240
Speaker 1: then the circle beyond that was for all ways women

682
00:34:00,680 --> 00:34:06,320
Speaker 1: and then men of color and then white men. Because

683
00:34:06,360 --> 00:34:09,040
Speaker 1: y'all get everything for the one or two that might

684
00:34:09,080 --> 00:34:11,560
Speaker 1: be listening, right, So I always like, you know, that

685
00:34:11,760 --> 00:34:16,080
Speaker 1: was the intention. And so if you do, if you do,

686
00:34:16,360 --> 00:34:18,080
Speaker 1: I don't want to say, do a good job. If

687
00:34:18,120 --> 00:34:21,200
Speaker 1: you do the job that you intended, then you do

688
00:34:21,280 --> 00:34:24,160
Speaker 1: hit your core group. But it does indeed spread outward.

689
00:34:24,200 --> 00:34:26,600
Speaker 1: And to have people come up to me to read

690
00:34:26,640 --> 00:34:28,719
Speaker 1: review from people who are not part of like the

691
00:34:29,320 --> 00:34:31,360
Speaker 1: inner circle, then the circle, then the cir it just

692
00:34:31,480 --> 00:34:33,640
Speaker 1: really like it just blows my mind, and I'm just

693
00:34:33,680 --> 00:34:37,000
Speaker 1: really proud of like just really proud of it. So

694
00:34:37,000 --> 00:34:39,080
Speaker 1: if you're working on something, you're working on your book,

695
00:34:39,120 --> 00:34:43,520
Speaker 1: you're considering putting something out there, like just keep in mind,

696
00:34:43,560 --> 00:34:45,759
Speaker 1: like what is it that you're wanting, like you know,

697
00:34:46,040 --> 00:34:49,319
Speaker 1: five years, ten years, twenty years from now, because you know,

698
00:34:49,680 --> 00:34:51,160
Speaker 1: just like like I said, I'm just really proud of it,

699
00:34:51,200 --> 00:34:54,200
Speaker 1: Like I was like four thousands refuse wow, because you know,

700
00:34:54,320 --> 00:34:56,000
Speaker 1: like I'm not famous. I mean, I know y'all know me,

701
00:34:56,080 --> 00:34:58,680
Speaker 1: but you know, in the real life, real streets, don't

702
00:34:58,680 --> 00:35:00,719
Speaker 1: nobody really know me except for some out there at

703
00:35:00,760 --> 00:35:03,640
Speaker 1: hole Foods, right, But so it's just it feels really

704
00:35:03,680 --> 00:35:05,719
Speaker 1: good that that means it's really helping because people are

705
00:35:05,719 --> 00:35:07,920
Speaker 1: not getting it because they're like, that's that budgeonist, the

706
00:35:07,960 --> 00:35:09,719
Speaker 1: girl Like people are just like I don't even know her,

707
00:35:09,760 --> 00:35:12,600
Speaker 1: but I've heard good things. That's my boosty, my extra

708
00:35:12,680 --> 00:35:13,840
Speaker 1: blackie brown boostie.

709
00:35:14,560 --> 00:35:16,759
Speaker 2: I mean, always bound down to your book success. And

710
00:35:16,800 --> 00:35:19,080
Speaker 2: I don't think we really celebrated your book a versary either.

711
00:35:19,120 --> 00:35:19,719
Speaker 2: Do we miss it?

712
00:35:19,760 --> 00:35:21,719
Speaker 1: I don't think yeah we did it. Yeah it was

713
00:35:21,960 --> 00:35:25,120
Speaker 1: it was I want to say, like March thirty first

714
00:35:25,200 --> 00:35:26,799
Speaker 1: or March thirtieth or something like. It was a day

715
00:35:26,800 --> 00:35:27,600
Speaker 1: before April first.

716
00:35:28,120 --> 00:35:30,520
Speaker 2: Yeah, totally. So this feels like hell.

717
00:35:30,480 --> 00:35:32,920
Speaker 1: Yeah, yeah, if you want to get it, go ahead.

718
00:35:32,680 --> 00:35:35,160
Speaker 2: On five thousand, about to hit two hundred thousand any

719
00:35:35,239 --> 00:35:35,840
Speaker 2: day now.

720
00:35:36,239 --> 00:35:37,759
Speaker 1: Well I'm hoping by the end of the year one

721
00:35:37,800 --> 00:35:40,120
Speaker 1: hundred thousand hard copies. So that was like a new

722
00:35:40,680 --> 00:35:44,160
Speaker 1: like you know, that's just yeah and so, but yeah,

723
00:35:44,160 --> 00:35:46,120
Speaker 1: if y'all are interested, it's gecked with Money. I mean,

724
00:35:46,120 --> 00:35:48,440
Speaker 1: they're sold everywhere, but get Good with Money dot com.

725
00:35:48,440 --> 00:35:50,040
Speaker 1: What I like about gek Go with Money is that

726
00:35:50,080 --> 00:35:54,840
Speaker 1: we always showcase a black typically women own bookstore that

727
00:35:54,880 --> 00:35:57,600
Speaker 1: you could purchase the book from. So that's always showcased

728
00:35:57,640 --> 00:35:58,920
Speaker 1: on top. And then the other places were like you

729
00:35:58,920 --> 00:36:00,920
Speaker 1: can get it from targeting a yeah yeah, yeah, but

730
00:36:01,239 --> 00:36:04,040
Speaker 1: you want to help a sister out, not me sister,

731
00:36:04,080 --> 00:36:06,399
Speaker 1: but that sister, then you could get it directly from

732
00:36:06,400 --> 00:36:06,960
Speaker 1: her as well.

733
00:36:07,040 --> 00:36:09,560
Speaker 2: So you have that on Kicking with Money dot com.

734
00:36:09,680 --> 00:36:11,080
Speaker 1: Right, yeah, if you go to get your money dot com,

735
00:36:11,080 --> 00:36:13,200
Speaker 1: it's always right at the top. I don't know who

736
00:36:13,239 --> 00:36:16,040
Speaker 1: showcased this month, yes, I you know, I don't know

737
00:36:16,080 --> 00:36:18,000
Speaker 1: who showcase this week, but we try to we try

738
00:36:18,040 --> 00:36:20,279
Speaker 1: to switch it out every month. Right now we have

739
00:36:20,920 --> 00:36:25,879
Speaker 1: the Black Dot Cultural Center. They're in Georgia, and so yeah,

740
00:36:26,000 --> 00:36:28,799
Speaker 1: like you can you know, buy directly from them, so

741
00:36:28,960 --> 00:36:31,640
Speaker 1: really try to you know, round it out. So that

742
00:36:31,680 --> 00:36:33,760
Speaker 1: may because these small bookstores, that's how they stay alive,

743
00:36:34,680 --> 00:36:36,160
Speaker 1: you know, and so like, you know, if you don't

744
00:36:36,160 --> 00:36:38,560
Speaker 1: mind spending because typically I'm not gonna lie if Amazon

745
00:36:38,600 --> 00:36:40,280
Speaker 1: always has a sale, but if you don't mind spending

746
00:36:40,320 --> 00:36:42,960
Speaker 1: extra two or three dollars whatever, you know, it makes

747
00:36:43,000 --> 00:36:45,520
Speaker 1: sure that you know, these bookstores see some sales as well.

748
00:36:45,560 --> 00:36:47,440
Speaker 1: So we try to make sure that I think you're

749
00:36:47,480 --> 00:36:47,960
Speaker 1: going to do.

750
00:36:48,000 --> 00:36:52,080
Speaker 2: Like book did you do a lot of books bookstore appearances?

751
00:36:52,640 --> 00:36:54,760
Speaker 1: I did? I couldn't. It was literally the middle of COVID.

752
00:36:54,960 --> 00:36:55,680
Speaker 2: It was COVID.

753
00:36:55,760 --> 00:36:57,959
Speaker 1: Yeah, yeah, I didn't do any bookstore I didn't want.

754
00:36:58,520 --> 00:37:01,399
Speaker 1: I don't know. I have something that may be coming up,

755
00:37:01,600 --> 00:37:03,080
Speaker 1: and maybe for that I'll do a tour. So I'll

756
00:37:03,080 --> 00:37:04,520
Speaker 1: dis give the little you know, y'all the first to

757
00:37:04,520 --> 00:37:06,600
Speaker 1: hear first, they probably gonna be like, my age is

758
00:37:06,600 --> 00:37:08,319
Speaker 1: probably activity. If you don't shut the hell up, we're

759
00:37:08,360 --> 00:37:11,239
Speaker 1: I supposed to talk about. So maybe I'll do a

760
00:37:11,280 --> 00:37:14,279
Speaker 1: tour for that, but I didn't. I literally couldn't. I

761
00:37:14,360 --> 00:37:18,320
Speaker 1: although when COVID it didn't lift, but people were going outside.

762
00:37:18,480 --> 00:37:22,120
Speaker 1: I did do this amazing black bookstore called Mahogany Books

763
00:37:22,160 --> 00:37:24,640
Speaker 1: in DC. I think they have one in Maryland and

764
00:37:24,680 --> 00:37:28,560
Speaker 1: one in DC. Ramanda and her husband are amazing. I mean,

765
00:37:28,640 --> 00:37:30,800
Speaker 1: their bookstore is so beautiful. So that was the only

766
00:37:30,840 --> 00:37:32,919
Speaker 1: in person one that I did, and we were still

767
00:37:32,920 --> 00:37:35,520
Speaker 1: masked up then, so you know, I would, honestly, I

768
00:37:35,560 --> 00:37:37,600
Speaker 1: would enjoy that because I like getting down hugging dream

769
00:37:37,640 --> 00:37:40,520
Speaker 1: catchers and like, you know, holding babies and you know,

770
00:37:41,120 --> 00:37:41,719
Speaker 1: and all of that.

771
00:37:43,040 --> 00:37:46,160
Speaker 2: So we'll see. I think that I'll be first in line.

772
00:37:46,200 --> 00:37:47,960
Speaker 2: I feel like you could be like the Michelle Obama

773
00:37:48,400 --> 00:37:51,840
Speaker 2: of personal finances and just sell out stadiums, can you.

774
00:37:52,280 --> 00:37:57,080
Speaker 1: I don't know about all that. Sell libraries. Libraries tend

775
00:37:57,120 --> 00:38:00,160
Speaker 1: to see their libraries like, look, it's full, Like I

776
00:38:00,160 --> 00:38:01,040
Speaker 1: don't have to come to see y'all.

777
00:38:01,120 --> 00:38:03,480
Speaker 2: Hey, Hey, just tell book talk, make it happen.

778
00:38:03,600 --> 00:38:12,000
Speaker 1: I'm saying, dager, you want a girl. We thank you,

779
00:38:12,480 --> 00:38:14,160
Speaker 1: all right, y'all. Hopefully we took you on the roller

780
00:38:14,160 --> 00:38:16,880
Speaker 1: coaster ride up good. Oh no, we're good Okay. Wait.

781
00:38:17,560 --> 00:38:21,280
Speaker 1: As per usual, our usually be a roller coaster ride,

782
00:38:21,719 --> 00:38:26,239
Speaker 1: but ultimately we're gonna be, Were gonna be I.

783
00:38:25,360 --> 00:38:28,879
Speaker 2: We're always gonna be. Keep listening, keep doing the fundamentals,

784
00:38:28,920 --> 00:38:32,800
Speaker 2: focusing on the fundamentals, don't get distracted by sexy sprinkles,

785
00:38:32,800 --> 00:38:35,960
Speaker 2: and we'll all be fine. All right, Yes, stick around.

786
00:38:35,960 --> 00:38:37,920
Speaker 2: This Friday will have another episode of Be A, Q

787
00:38:38,040 --> 00:38:40,719
Speaker 2: and A so definitely check it out and as ever,

788
00:38:40,840 --> 00:38:43,480
Speaker 2: send us your questions and all you love. While you're

789
00:38:43,520 --> 00:38:46,640
Speaker 2: reviewing Tiffany's book, go review our show while you're at it. Yeah,

790
00:38:47,160 --> 00:38:49,880
Speaker 2: you know what I'm saying on udistian podcast dot com.

791
00:38:50,360 --> 00:38:52,960
Speaker 1: And share this podcast with your bestie. Hello, she needs

792
00:38:52,960 --> 00:38:53,400
Speaker 1: to listen.

793
00:38:54,040 --> 00:38:57,680
Speaker 2: Absolutely your bestie and your bestie's bestie. All right until

794
00:38:57,800 --> 00:39:02,040
Speaker 2: next week. Bye, Hey, ba fan, We could not do

795
00:39:02,120 --> 00:39:04,680
Speaker 2: this show without your support or the support of our

796
00:39:04,680 --> 00:39:08,160
Speaker 2: team behind the scenes. The Brown Ambission podcast is produced

797
00:39:08,160 --> 00:39:12,040
Speaker 2: by Cumulus Podcast Network. It's edited by the wonderful Imani

798
00:39:12,120 --> 00:39:16,040
Speaker 2: Crosby and produced by Tanya Bustos. Dennis Stimplinsky is our

799
00:39:16,080 --> 00:39:19,360
Speaker 2: in house tech curu, and I am Bandy Woodard Santos,

800
00:39:19,400 --> 00:39:24,960
Speaker 2: your co host, and I will see y'all next week,