Speaker 1: Hey va, fam, it's Mandy Money here. Now. I believe
Speaker 1: that we all have a unique superpower in life, me personally.
Speaker 1: I was lucky enough to discover mine about ten years ago.
Speaker 1: I was just a few years into my career as
Speaker 1: a financial journalist. I had spent weeks I was interviewing
Speaker 1: at this huge media company which you guys may or
Speaker 1: may not have heard of, called Yahoo, and they wanted
Speaker 1: to poach me. I suspected that I was underpaid at
Speaker 1: the time, and I was ready to finally tip the
Speaker 1: scales back in my favor. I plucked up every kernel
Speaker 1: of courage I had and I negotiated the hell out
Speaker 1: of that offer. In the end, I walked away super
Speaker 1: victorious with a twenty eight thousand dollars salary bump and
Speaker 1: a forty five thousand dollars batch of equity, and from
Speaker 1: that point on I never looked back. That was the
Speaker 1: day that I learned my superpower was being able to
Speaker 1: fight through my fear and my doubts, leverage my skills
Speaker 1: as a storyteller and business reporter, negotiate like a bad ass. Now,
Speaker 1: those negotiation skills propelled me to a multiple six figure
Speaker 1: salary before the age of thirty. But that would not
Speaker 1: be that exciting if I couldn't help y'all as well.
Speaker 1: So that's why for the past year and a half,
Speaker 1: I have coached hundreds of women from across the US
Speaker 1: and beyond in their job searches and their salary negotiations.
Speaker 1: And the wins that I have seen y'all secure incredible,
Speaker 1: like an attorney who I helped get a ten thousand
Speaker 1: dollars salary bump and a fifteen thousand dollars signing bonus
Speaker 1: just this past March. And another woman named Rose who
Speaker 1: used my negotiation scripts to score three thousand dollars more
Speaker 1: from a recent job offer. Y'all, these wins have showed
Speaker 1: me that I am meant to do this work, and
Speaker 1: I am so excited that I am going to be
Speaker 1: relaunching my sold out masterclass called Nail Your Negotiation. The
Speaker 1: Masterclass five steps to negotiate like a bad ass and
Speaker 1: never leave money on the table again. I'm going to
Speaker 1: be coming to you live with this masterclass on Tuesday,
Speaker 1: November eighth at eight pm Eastern Standard time. Check the
Speaker 1: show notes for a link to register. Y'all. My first
Speaker 1: masterclass last month completely sold out. We were turning away
Speaker 1: people at the virtual door. You do not want to
Speaker 1: miss out on this, so definitely register. Go to Nail
Speaker 1: your Negotiation dot Com to grab your seats. I hope
Speaker 1: to see y'all there. Here's what I'm going to be
Speaker 1: covering in this masterclass. You're going to learn how to
Speaker 1: finally get over your fear of negotiating, how to brand
Speaker 1: yourself so you can attract the juiciest job offers, how
Speaker 1: to figure out what to ask for before you negotiate,
Speaker 1: how to nail that interview so they practically throw money
Speaker 1: at you, And last but not least, how to rock
Speaker 1: that counteroffer and you leave no crumbs behind. Plus, live
Speaker 1: attendees are going to get a free bonus negotiating cheat
Speaker 1: sheet that's going to make it super easy to calculate
Speaker 1: your target salary, so you go into a negotiation strong,
Speaker 1: knowing your value. Let's do this, y'all. Join me November
Speaker 1: eighth at eight pm for the Nail your Negotiation Masterclass again.
Speaker 1: Grab your seat. They are limited. Only five hundred seats
Speaker 1: are open. Go to Nail Yournegotiation dot Com to grab
Speaker 1: your seat and I will see y'all their moneymakers. Hey, hey,
Speaker 1: ba fam Welcome to a very who spooctacular episode of
Speaker 1: Brown Ambition. Our beloved Tiffany is off on her rich
Speaker 1: auntie birthday adventure in Dubai, so we wish her all
Speaker 1: the best and happy belated birthday. Tif. We love you,
Speaker 1: but we would never leave y'all, hang and ba fan.
Speaker 1: That's why we brought not one but two very special
Speaker 1: guests to join me live on YouTube in the studio
Speaker 1: on this past Monday. And that's what you're gonna hear today,
Speaker 1: the incredible conversation I had on Halloween for our Halloween
Speaker 1: treat Brown Ambition Edition with Delianburrows from Delhi and the
Speaker 1: Money Coach and Mark Russell from Betterwallet. Y'all, this was
Speaker 1: such a fun conversation. We talked about everything from our
Speaker 1: favorite Halloween treats to the tricks that are happening now
Speaker 1: and our finances that have got us looking and giving
Speaker 1: everyone the side eye all right, from Elon Musk owning
Speaker 1: Twitter to is this really the best time to buy
Speaker 1: a house right now? Y'all do not want to miss this,
Speaker 1: So I hope you enjoyed this episode and as ever,
Speaker 1: we'd love to hear from y'all, so hit us up
Speaker 1: on ig at Brand Ambission Podcast. Make sure you go
Speaker 1: and follow Delian and Mark. They are both incredible financial
Speaker 1: educators in their own right. And without further ado, here's
Speaker 1: our spook Tecular Halloween episode. Say hello to our special
Speaker 1: Spooktacular Ooh, I said it. I thought I wasn't going
Speaker 1: to say it, but we're going for it our special
Speaker 1: Spooktacular guest today for a special Halloween Treat edition of
Speaker 1: the Brand Ambission Podcast. We got two incredible guest hosts today.
Speaker 1: We have Delian the Money Coach tuning in from the
Speaker 1: West Coast, right the best host Cali Callen Callie Kelly,
Speaker 1: and then the lovely I don't even know how I
Speaker 1: can't look at you in that hat, Mark Russell from
Speaker 1: Better Wallet joining me from where are You Atlanta?
Speaker 2: The Beast Coast Atlanta. A.
Speaker 1: All right, well, this is going to be such a
Speaker 1: fun show, y'all. We got a lot planned for y'all.
Speaker 1: We are going to be taking questions live, so if
Speaker 1: you have questions, feel free to drop them in the comments.
Speaker 1: Through some magical YouTube magic, we're going to be able
Speaker 1: to see your questions and take them live as we
Speaker 1: go through the show. That's what I've been told. I've
Speaker 1: rid to introduce myself. I'm Mandy woodrib Santos, one half
Speaker 1: of Brand and Bisson podcast. So excited to have you
Speaker 1: guys here today, all right, so listen. I was just
Speaker 1: like complaining a little bit because I don't know, you
Speaker 1: guys don't have small children or children you have, you
Speaker 1: have fur babies, right, But when I tell you, Halloween
Speaker 1: has felt like it has lasted a year. This like
Speaker 1: it has been going on for weeks at this point,
Speaker 1: and today I have to scrounge up some energy to
Speaker 1: like take the little one trick or treating and I don't,
Speaker 1: and all the good candies gone, like someone took my
Speaker 1: reci's pumpkins from this party we had yesterday. And oh man,
Speaker 1: I thought.
Speaker 3: The rule was if Halloween landed on a Monday, you
Speaker 3: celebrate the weekend before and then it's over.
Speaker 1: You do, but it's the week before because there's like
Speaker 1: days at the school and like different crap happens, and
Speaker 1: then there's the parties and everyone wants you to come
Speaker 1: to their party, so they have on different days of
Speaker 1: the week, and it's just like I'm dragging in Atlanta.
Speaker 2: Every day's a party, So like, I feel like they've
Speaker 2: been celebrating since well all month, pretty much like every day,
Speaker 2: I feel like someone like has a mask on or
Speaker 2: they have like a cosson on. It's just this weekend
Speaker 2: where everyone's just going crazy. I'm sure it's probably going
Speaker 2: to be until next weekend too.
Speaker 3: Yeah, it's funny like I'm I'm in the middle. Because
Speaker 3: you've got Mandy with the kids, Marks clearly going through
Speaker 3: his party phase.
Speaker 4: I'm like, I pass the party phase. I don't want kids.
Speaker 4: I am in the I'm going to stay home and
Speaker 4: party all by myself.
Speaker 2: I do have plant babies, though I have three of them.
Speaker 2: You could see one, actually it's not here you go.
Speaker 2: There's one here you go, and then there's a few
Speaker 2: others in here and they are alive and well.
Speaker 1: But no, I was gonna wear a costume, but I
Speaker 1: left it in the uber because I was too wasted
Speaker 1: at two am. I do have company.
Speaker 2: Very scary for you guys though.
Speaker 4: So maybe for it. Can you see it?
Speaker 3: Oh?
Speaker 1: No? Is that a bill? Instagram is down? Yeah, now listen,
Speaker 1: don't let's let's let's be honest here. How many of
Speaker 1: y'all saw your followers drop today and you were like,
Speaker 1: what happened?
Speaker 4: I got canceled?
Speaker 2: Flash Tag Barrel wallet, just to see if I got canceled,
Speaker 2: And I was like, my friends didn't tell me I
Speaker 2: got canceled.
Speaker 1: What's going on with that? Is that not as we're
Speaker 1: speaking of, like we're going to talk about some scary
Speaker 1: money topics. But I feel like in our game, in
Speaker 1: our business, it is one of the scariest propositions, like
Speaker 1: prospects is getting canceled, because like, if they won't, if
Speaker 1: they don't want to, if they don't listen to us,
Speaker 1: how are we going to make money anymore? I don't
Speaker 1: know what I'm gonna say. Oh god, well, let's get
Speaker 1: into it. What do you what are y'all's let's let's
Speaker 1: talk about some halloween as my dog loses her mind,
Speaker 1: Let's talk about some some spooky money topics. I feel
Speaker 1: like for me, I still suffer from this this fear
Speaker 1: sometimes of opening bills, especially from like doctor's offices. You
Speaker 1: know how they still send you paper bills in the
Speaker 1: mail for like thirty dollars for your copey. I just
Speaker 1: let them pile up. And my husband's like, you're a
Speaker 1: full grown adult woman and you talk to people about
Speaker 1: money all the time. Can you open your damn like
Speaker 1: and pay your copey?
Speaker 3: But I like sweat every time I get real mail,
Speaker 3: not like junk mail, anything related to my money, my
Speaker 3: four to one K, my bank accounts.
Speaker 4: For some reason. Yeah, I have like an aversion to
Speaker 4: opening physical mail. Same way.
Speaker 1: Yeah, yeah, what is it? And why does it feel
Speaker 1: like if it comes in the mail, it's like that
Speaker 1: much scarier And do y'all get the eye arrests rando mails?
Speaker 1: Like the snail mail all the time. I got an
Speaker 1: eighteen thousand dollars bill, not kidding, this is why don't
Speaker 1: put my mail I had missed, like the first notice. Yeah,
Speaker 1: like the state of New York. If you're if you're
Speaker 1: a business owner, like it's not all sunshine and daisies.
Speaker 1: You think that you get like your tax situation all settled,
Speaker 1: and then they can make mistakes. And it was a
Speaker 1: total mistake. I don't actually owe eighteen thousand, but the
Speaker 1: stress and anxiety that that brought unto my soul just
Speaker 1: to open that.
Speaker 2: And you have to be careful too, because some of them,
Speaker 2: some of those letters might not even be from the
Speaker 2: irs or from the government in general. When I first
Speaker 2: opened up my LLC I got when I was back
Speaker 2: in Philly. I got a note from Pennsylvania and it
Speaker 2: was saying, hey, like, you need to pay like two
Speaker 2: thousand dollars in order.
Speaker 4: To open up the LLC.
Speaker 2: And it was really really official, and I'm like me
Speaker 2: being like the way I am, I'm like, there's no
Speaker 2: ways it's true. Like I feel like I paid all
Speaker 2: the fees I needed. And I googled it and there
Speaker 2: was some lawyer, you know, was saying, hey, like, here's
Speaker 2: the newest hoax. And I'm like, man, like, I almost
Speaker 2: fell for it. I can't imagine how many other people
Speaker 2: would have probably like fell for this.
Speaker 3: So I've seen that with with trademark applications. Mark, I
Speaker 3: know you recently got your trademark waiting for mine. So
Speaker 3: apparently as soon as you file for a trademark, you
Speaker 3: start getting bombarded because it's public. It's public, so you
Speaker 3: start getting bombarded with mail from people. Yeah, was saying, oh,
Speaker 3: you have this additional fee for your trademark, this additional fee,
Speaker 3: and immediately my attorney told me you're going to get
Speaker 3: these notices, ignore them. I still got freaked out. I
Speaker 3: still like scanned it and send it to her. I'm like,
Speaker 3: what is this. She's like, I'm told you to ignore.
Speaker 1: Listen, trademark. Hel is my life right now. I don't
Speaker 1: know if I told y'all, but I discovered that there
Speaker 1: is another Mandy Money out there. Well, the man, there's
Speaker 1: a Mandy Money with a Y. Mandy with a Y money, Yes,
Speaker 1: And I found that out when I went to file
Speaker 1: my trademark. And I don't know if you and I
Speaker 1: use the same trademark attorney Deli. Her name's Kristen. Yeah, okay.
Speaker 1: So we met and she was like and I was
Speaker 1: in the middle of telling her, I'm like, yeah, it's
Speaker 1: my name, it's my business. So you know, I've been
Speaker 1: doing it for a couple of years now, and I
Speaker 1: feel confident that it'll be fine. And she's like, well,
Speaker 1: let me show you something. Here's this application for Mandy
Speaker 1: Money with a Y and it's it's I'm just going
Speaker 1: to speak it into existence. It's going to be fine.
Speaker 1: But I have had to let go and let the
Speaker 1: money flow so that I can just give it over
Speaker 1: to the experts. And that is like one of the
Speaker 1: scariest and I feel like I need to stop fighting
Speaker 1: the reality that when you have a business, like no
Speaker 1: one's going to come to save you, but you you
Speaker 1: have to just like and it's choices all the time.
Speaker 1: Who am I gonna hire to take care of this fire?
Speaker 1: And like this like problem and I'm like switching accountants
Speaker 1: right now. It's not all it's not all you know
Speaker 1: reels and tiktoks and.
Speaker 2: And yeah, but those are like that's a really good
Speaker 2: money point. In general, I think I get questions from
Speaker 2: people all the time because we're in this kind of
Speaker 2: like frugal world where people are like, Okay, I need
Speaker 2: to cut costs wherever. And when it comes to being
Speaker 2: like or getting a CPA or having like a trademark lawyer,
Speaker 2: I think it's invaluable, Like you want to make sure
Speaker 2: that you pay as much as you can for people
Speaker 2: are going to protect your business and then also keep
Speaker 2: you away from uncle uncle Samuel.
Speaker 1: So like I know why I was filing.
Speaker 2: I was trying to be frugal initially, and I was like, okay,
Speaker 2: well I can I can do this trademark thing on
Speaker 2: my own. And then I started thinking about what could
Speaker 2: possibly happen if Fidelity owned better Wallet the name of
Speaker 2: better Wallet, and I had to go against them, or
Speaker 2: maybe if they filed before I did. So I think
Speaker 2: it's really key to make sure you're paying for those
Speaker 2: folks like you're doing. What was the quote again, let
Speaker 2: go and let the money flow.
Speaker 1: Oh yeah, I just came up with that because just
Speaker 1: just accept the fact that you're going to have to
Speaker 1: reserve a part of your budget for the help that
Speaker 1: you're going to need, like to be in defense mode.
Speaker 1: I don't really watch sports, but you know, like defense.
Speaker 2: If you're watching any sports, watch watch my Philadelphia Phillies
Speaker 2: and Philadelphia Eagles.
Speaker 4: They're doing really well. I have already checked out of
Speaker 4: this conversation.
Speaker 2: Oh you're in San Diego.
Speaker 4: The only thing I care about is the World Cup.
Speaker 1: Sorry, all right, Well we've talked about some spooky stuff.
Speaker 1: Let's let's pivot and talk about Halloween. So I am
Speaker 1: going as the black teacher from Hogwarts. That is my
Speaker 1: look today. The cool one that you know got cut
Speaker 1: because you know, she was a little too saucy for
Speaker 1: the children, and so all her lines got cut from
Speaker 1: the movies. But I want to talk about y'all's favorite
Speaker 1: like Halloween memories as you were kids, Delly, you want
Speaker 1: to start growing up in Miami.
Speaker 3: What was it like, I mean, it's funny because, yeah,
Speaker 3: I grew up in a condo, right, we never had
Speaker 3: a home, so Halloween was going to the mall, also.
Speaker 4: Playing around the stores. So it wasn't big in my house.
Speaker 3: Like other holidays were bigger Christmas, but Halloween wasn't a
Speaker 3: big deal my mom.
Speaker 4: It's not something really Brazilian celebrate.
Speaker 3: You know, I'm Brazilian and so my mom didn't really
Speaker 3: get it.
Speaker 1: But I feel like, y'all want to have some funky
Speaker 1: costumes in but I.
Speaker 4: Don't understand what's happening.
Speaker 3: It's like we're just knock on people's houses and ask
Speaker 3: them for food.
Speaker 4: This is weird, Like don't get that.
Speaker 1: They're like, no, everyone's a socialist on Halloween. There you go,
Speaker 1: you get candy, You get candy.
Speaker 4: Yeah, get it. And we just it was very low
Speaker 4: key around my house.
Speaker 3: I did the whole party, you know, go out party,
Speaker 3: the sexy costumes, you know, the this year, I'm wearing
Speaker 3: a onesie, like this was my Halloween costume. Last year
Speaker 3: it was you know, it's a onesie. I was like,
Speaker 3: I'm going comfortable comfort. I see word and you know,
Speaker 3: I'm turning forty this year, so I am leaving so
Speaker 3: hard into my forties. I'm like this, I did it, y'all.
Speaker 3: I got through my.
Speaker 4: Twenties, I got through the thirdies.
Speaker 3: Forty is about comfort and doing what I want with
Speaker 3: like no not caring how other people are going to
Speaker 3: think about me, how they're going to judge me.
Speaker 4: And I'm really really leaning hard into that.
Speaker 3: And I'm child free by choice, So I do feel
Speaker 3: for the parents and all the extra work you guys
Speaker 3: have to do around the holidays, because these kids will
Speaker 3: not let you slip these days.
Speaker 4: Like they have social media now they see.
Speaker 3: What their friends are doing they wanted to so they're
Speaker 3: got you know, they You guys can't get away with
Speaker 3: what like my parents got away with. So yeah, your
Speaker 3: hands full.
Speaker 1: Thanks for your sympathies and your pity. I appreciate it.
Speaker 1: Your best rich on tea life, and I will live
Speaker 1: vicariously through you and visit you in Portugal. All right, Mark?
Speaker 1: What is what was little baby Mark dressing up for
Speaker 1: Halloween as oh man?
Speaker 2: So so growing up like delly am My parents really
Speaker 2: then celebrate it, and it was more because they were
Speaker 2: both from families that came from the South and were
Speaker 2: raised in the church. So my memories of Halloween quote
Speaker 2: unquote was our church forced us on Halloween Night to
Speaker 2: stay at the church like overnight, and I did that
Speaker 2: for years. So they didn't want you to go out
Speaker 2: trigger treating in my town. I think the focus was
Speaker 2: make sure we weren't participating in Mischief Night, which was
Speaker 2: like a big thing where people go eggs and which
Speaker 2: a lot of my friends did, and I tried not
Speaker 2: to participate, try, but for the most part I was.
Speaker 2: I was into church during that time. As I got older,
Speaker 2: I would go and buy like a mask or something
Speaker 2: very simple in order to quote unquote celebrate. And I
Speaker 2: was like one of those older like trigger treaters because
Speaker 2: I had that sweet tooth and I just wanted to
Speaker 2: go out.
Speaker 1: What's your favorite candy? What's your favorite candy?
Speaker 2: Oh god, anything with caramel or carmel, however you pronounce it.
Speaker 2: So I mean, one hundred gram was like my thing
Speaker 2: even now, Like I was. I was at the store
Speaker 2: not too long ago and I saw one. I was like,
Speaker 2: oh my god, it's two for one. I can definitely
Speaker 2: eat both of those. And I was like, like, I'm
Speaker 2: on my health kick. Right now, I'm doing berries, you know,
Speaker 2: every every other day, like I can't so, but yeah,
Speaker 2: that was my memory growing up. It wasn't until college
Speaker 2: and when I started really celebrating. I went to a
Speaker 2: party school and being Penn State, and I had a
Speaker 2: chicken suit every single year, So I was a giant.
Speaker 1: Do you know that thing was inside washed it in
Speaker 1: between halloweens? Please tell me you did? You know?
Speaker 2: That's what they say you should do in college. I'm
Speaker 2: answering like a politician. But yeah, no, I I tried.
Speaker 1: To, but some start talking about the importance of keeping
Speaker 1: antibiotics in our out of our poultry and change the subject. Okay,
Speaker 1: be a fan. We're going to take a quick break
Speaker 1: and be right back with more of our Halloween treats
Speaker 1: and Delli, you're about to like move to Portugal, right Plus,
Speaker 1: you're turning forty. You're living all of our rich auntig dreams.
Speaker 1: Catch us up. What's going on in your world?
Speaker 3: Yes, I switch my least month to month. So the
Speaker 3: process is in the works. I've hired an attorney to
Speaker 3: get the paperwork done. The goal is to move to
Speaker 3: Portugal in the next four to six months, probably closer
Speaker 3: to six months and yeah, I'm gonna have a It's
Speaker 3: a wild process because you actually have to.
Speaker 4: Like rent an apartment before you even get there.
Speaker 3: So you have to you have to rent it like
Speaker 3: sight unseen, and you have to have everything like lined up,
Speaker 3: you have to have a bank account open in the country,
Speaker 3: all this stuff. But again another thing that you could
Speaker 3: totally diy.
Speaker 4: But I don't mess.
Speaker 3: Around when it comes to immigration, being you know, former
Speaker 3: immigrant myself, where I went through the immigration processing.
Speaker 4: The United States, I'm like, no, I'm going to hire
Speaker 4: an attorney and I'm going to get help so that
Speaker 4: it's because it's also a very.
Speaker 3: Stressful process in general, I'm like, why not have support.
Speaker 4: So I'm you.
Speaker 3: Know, I've hired somebody, and it's it's exciting, it's nerve
Speaker 3: wracking at the same time I'm moving there.
Speaker 4: The goal is to to go buy myself a.
Speaker 3: Home eventually and bring my mom and retire my mom
Speaker 3: as well. So I'm trying to like reunify our family
Speaker 3: right because my mom's in Brazil, my.
Speaker 4: Sisters are Hawaii.
Speaker 3: So the goal is to like get us all like
Speaker 3: in one place so that we can be a family
Speaker 3: again in one country, which is a lot.
Speaker 1: Are you the big sister?
Speaker 4: I am?
Speaker 1: And you can tell I am not like that.
Speaker 4: A matriarch more than my mom, you know.
Speaker 3: And this is something that a lot of first gens
Speaker 3: and like older daughters unders stand that we take on
Speaker 3: this role of, you know, matriarch because usually we're the
Speaker 3: ones that have made it and we have money, and
Speaker 3: so we're kind of making these big decisions for our family.
Speaker 4: And I do it in a way that like.
Speaker 3: I'm not dictating my mom's life, Like I literally send
Speaker 3: her money every month and I'm like, do what you
Speaker 3: want with this money, like no strings attached, Like this
Speaker 3: is for you to do.
Speaker 4: As you please.
Speaker 3: And I think that that's how you keep the peace
Speaker 3: when you miss when you mix like family and money
Speaker 3: is you can't put too many rules on it because
Speaker 3: then resentment starts to increase, and then the whole thing
Speaker 3: turns into chaos.
Speaker 4: So we've been able to make that work. My mom's
Speaker 4: very excited about Portugal.
Speaker 3: She's already got her bags packed even though she's not
Speaker 3: coming for like a year or so.
Speaker 4: So it's it's exciting. We all speak the language. It's
Speaker 4: a very beautiful country.
Speaker 3: If you haven't been, I highly recommend and they just
Speaker 3: opened a digital nomad visa.
Speaker 4: So if you have a business or if you're allowed
Speaker 4: to be a remote employee, you can now move to Portugal.
Speaker 1: What all right, listen, I might have to make that happen.
Speaker 4: I don't know if.
Speaker 1: It'll be Portugal, But I mean, what scares me these days?
Speaker 1: Or the midterm elections? Can we just do a quick
Speaker 1: shout out for early voting? Y'all got to vote? Because
Speaker 1: I know, Deli, you're about to flee the country, which
Speaker 1: is but you're going to keep your citizenship, right absentee?
Speaker 1: Right listen? You ho midterms coming up next week? Freaks
Speaker 1: me out. So that's what's scary to me right now.
Speaker 1: And I'm just like, especially as a parent, like what God,
Speaker 1: what what's this world that my poor baby boy is
Speaker 1: going to be growing up in? But that's so exciting
Speaker 1: Deli and I. And it's also is your plan then
Speaker 1: to move to Portugal? And then that's like the beginning
Speaker 1: of your retirement early, Like that's the that's the end goal, right.
Speaker 3: Yeah, I mean it's funny, it's I already consider myself
Speaker 3: like semi retired because I work about ten twelve hours
Speaker 3: a week, right.
Speaker 4: Now, So it's pretty good.
Speaker 1: You know.
Speaker 3: I'm pretty happy with the balance that I have found,
Speaker 3: which is one of the reasons why I walked away
Speaker 3: from CNN because a lot of people didn't understand. They're like,
Speaker 3: why did you do that? And it's what's the point
Speaker 3: of saving all this money, quitting my nine to five
Speaker 3: creating this business if I'm not going to lean into
Speaker 3: the freedom that I'm actually trying to create. And so
Speaker 3: even though CNNON was an incredible opportunity I was back
Speaker 3: in the nine to five, I was putting myself back
Speaker 3: in that nine to five grind where I had, like,
Speaker 3: you know, people to report to in a schedule I
Speaker 3: had to stick with, and I'm like, this is not
Speaker 3: what I wanted, Like why am I doing this to myself?
Speaker 3: So saying no to things can be just as liberating
Speaker 3: as saying yes. And I'm very much in a no
Speaker 3: phase right now, so I only say yes to Mandy
Speaker 3: and very few other people, all.
Speaker 4: Right, because I am in my no phase.
Speaker 3: I'm in the please don't ask me to do things.
Speaker 3: I am trying to lean into my soft life, my
Speaker 3: luxury life, and that includes time freedom for me, which
Speaker 3: is why we all teach people, you know, how to
Speaker 3: manage their money, because the whole point is to like
Speaker 3: lean into freedom, isn't that the whole idea?
Speaker 2: Yeah, I kin you for just making that move. I
Speaker 2: mean a lot of people would be like, oh, well, CNN,
Speaker 2: and like they think of like the aura behind it,
Speaker 2: and then they find themselves being in a position where
Speaker 2: they don't like what they're doing and they dread getting
Speaker 2: up in the morning and doing what they have to do.
Speaker 2: And I did that for many of years, you know,
Speaker 2: just being in corporate finance. But for you to say, hey,
Speaker 2: like I could do this, but I choose not to
Speaker 2: because I want to prioritize other things in life that
Speaker 2: make me happiest. Like that is that is a game
Speaker 2: that I feel like more and more people need to
Speaker 2: like focus in on as they think about the next
Speaker 2: you know, ten twenty years of their lives.
Speaker 3: Yeah, and somebody just said, well, how did you pick Portugal.
Speaker 3: I'm Brazilian, so I speak Portuguese and that's one reason.
Speaker 3: But I would have gone there even if I don't
Speaker 3: speak the language. But it's also one of the safest
Speaker 3: countries in the world. It's actually the third safest country
Speaker 3: in the world, so crime is like very very low,
Speaker 3: which is top of mind for me, especially as a woman,
Speaker 3: as a single woman. When I went with my mom,
Speaker 3: we would walk around at two in the morning, no problems,
Speaker 3: like nobody would bother us. Very very safe, to gorgeous country.
Speaker 3: It's basically like a mini California. You go to the north,
Speaker 3: you've got vineyards. In the middle, you've got the city center,
Speaker 3: and then to the south you have gorgeous beaches, very
Speaker 3: mild weather, very similar to San Diego. The food is incredible.
Speaker 3: The food is amazing, especially love seafood. It's a very
Speaker 3: seafood centric country.
Speaker 1: The sardines though. I took my baby moon in Portugal
Speaker 1: and I was like, my baby's gonna love seafood if
Speaker 1: my husband doesn't. I was eating octopus sardines like everything
Speaker 1: that came out, oh so good, so fresh.
Speaker 3: Yeah, and it's just yeah. It's just a vibrant country
Speaker 3: with a lot of history. And it's an easy jumping
Speaker 3: off point both to the United States and to the
Speaker 3: rest of Europe because it's a six to seven hour
Speaker 3: flight to New York. Not bad.
Speaker 1: So we'll see you around, I hope. I see some
Speaker 1: questions coming into the chat. The Beauty Pop podcast a
Speaker 1: fellow pod. They have a question. They say, with the
Speaker 1: recession looming, oo looks like the monster in the closet
Speaker 1: under the bed. With the recession looming, should I make
Speaker 1: any adjustments to my I ray Slash four one K contributions. Also,
Speaker 1: it's almost the end of the year, so great question
Speaker 1: going into the end of twenty twenty two. What say
Speaker 1: y'all Mark used to work at Vanguard, you know stuff,
Speaker 1: What do you want to say?
Speaker 2: Yeah, I mean with the recession looming or we're in it,
Speaker 2: whatever it might be. I think what remains constant is
Speaker 2: what you should be doing with your money, and that's
Speaker 2: contributing early, contributing often, and trying to control what you can.
Speaker 4: And it's the.
Speaker 1: Prior to right.
Speaker 2: I think a lot of people try to control the market.
Speaker 2: The market's going to do their thing, like just let them,
Speaker 2: like let them, I could do whatever it does, but
Speaker 2: try to control what you can. So when I'm talking
Speaker 2: to a lot of my mentees, it's really important that
Speaker 2: you number one, start contributing to your retirement if you're
Speaker 2: not already. Number two, really think about like what you're
Speaker 2: invested in, make sure you're diversified. So we talked a
Speaker 2: lot about ETFs exchange trade of funds, mutual funds, you know,
Speaker 2: as being the easiest way of going about diversifying, and
Speaker 2: you know, just try to increase your contribution limits because
Speaker 2: you know, with the recession maybe happening into the future,
Speaker 2: we're in it whatever, Like the stock market is misbehaving,
Speaker 2: and because it is, you know, we're at what eighteen percent.
Speaker 1: Stopped looking, Mark, I'm not gonna lie. I stopped looking.
Speaker 4: Stop looking.
Speaker 1: I intentially logged into my Vanguard and it was like.
Speaker 2: FuG well, you're young, right, so you have key time
Speaker 2: until you have to retire. So I mean that's like
Speaker 2: a good word of advice, Like don't don't look at it, like,
Speaker 2: because when we think about performance, we look at it
Speaker 2: over the course of decades versus years or months or
Speaker 2: days or you know, sometimes people look at in terms
Speaker 2: of hours, and that's not going to help your It's
Speaker 2: not going to help your portfolio, right, You're not going
Speaker 2: to look at the market and the market is going
Speaker 2: to increase. It's not going to help your mental sanity either,
Speaker 2: So just let it go. Like, just keep in mind,
Speaker 2: the best performing accounts are the ones from people who
Speaker 2: are dead that can't do anything to their account.
Speaker 1: Bringing that fact out. I love that and women, right, like,
Speaker 1: we're better at it.
Speaker 2: Oh yeah, just because I mean, clearly smarter, right men?
Speaker 1: That so horrible, but.
Speaker 2: I mean that's it's so true. Like I was talking
Speaker 2: to a brand the other day and they're just like,
Speaker 2: we think it's really fascinating that half of the people
Speaker 2: or sixty percent of people who follow you or women,
Speaker 2: And I was like, because women are smart, and women
Speaker 2: understand what it means to actually invest the right way,
Speaker 2: and they tend not to jump into ultra risky investments
Speaker 2: that won't pay off into the future, and that's the
Speaker 2: reason why they gravitate towards me. But if I start
Speaker 2: talking about like options trading or anything like trading four
Speaker 2: x or whatever, I'm sure I would get you know,
Speaker 2: more men that might come in. But that's not my jam,
Speaker 2: because I know it doesn't work.
Speaker 1: Yeah, that's great changes.
Speaker 3: Yeah, I think four oh one K. Just to remember
Speaker 3: the difference between the IRA and the four to one K.
Speaker 3: The four one K the you know, it closes on
Speaker 3: December thirty first, so that's the last time, last chance
Speaker 3: to make a contribution.
Speaker 4: And we're talking about the four to one K through
Speaker 4: your employer and the IRA.
Speaker 3: You actually have until April twenty twenty three, right, you
Speaker 3: have until you file your taxes to.
Speaker 4: Make twenty twenty twenty twenty two contributions. So even if
Speaker 4: you're like, oh my god, I'm not going to hit
Speaker 4: that six.
Speaker 3: K max, you have like a few more months to
Speaker 3: get it to get it in. So just remember that
Speaker 3: also the four one K, the IRA contributions are going
Speaker 3: up next year.
Speaker 4: Everything's going up next yeah, right, it's going to be
Speaker 4: sixty five hundred and.
Speaker 1: The four hu is it twenty two to five?
Speaker 4: The four to one case twenty three five?
Speaker 3: So remember to adjust your contribution percentages if you need
Speaker 3: to for next year so that you're getting as close
Speaker 3: to maxing it out as possible. And the question that
Speaker 3: I always get is does my maximum contribution include my
Speaker 3: employer matches.
Speaker 4: No, it does not, So you actually your employer can
Speaker 4: throw in like another like fifty to sixty K.
Speaker 3: Their contributions that their side of the contribution is much
Speaker 3: much higher than yours. And then for my solo, for
Speaker 3: my solopreneurs, entrepreneurs, you know, I always feel like we
Speaker 3: leave them out, you guys, have your solo for one case,
Speaker 3: your sapphire rays again, you can contribute as both employees
Speaker 3: and employers, and you also have until like April to
Speaker 3: make those contributions. So it's important to know how these
Speaker 3: different accounts work. And depending on whether you're an employee entrepreneur,
Speaker 3: you know, they all have different little rules.
Speaker 4: And because the IRS likes to complicate things.
Speaker 1: Yeah, that's it shocking government does that. Let it go
Speaker 1: and let the money flow towards this problem, especially right
Speaker 1: like this is one where I just so I transferred.
Speaker 1: I thought I converted to an escort, but do you
Speaker 1: know how slow the IRS is to like officially approve
Speaker 1: that ish So officially I don't even I like, I
Speaker 1: don't even know if I'm officially an escort. I've been
Speaker 1: acting as such. So I hope it gets approved. But
Speaker 1: last year I was too late. I like procrastinated, and
Speaker 1: so I opened up instead of a solo for one
Speaker 1: K for my first year of solopreneurship. I opened up
Speaker 1: and you said a step IRA, So I opened that
Speaker 1: up and then with my accountant they basically figured out okay,
Speaker 1: so based on what you've earned and whatever, here's how
Speaker 1: much you should sink into your step IRA for last year,
Speaker 1: so I did that, and then so for this year,
Speaker 1: I was like, okay, I'm going to get my ISSH
Speaker 1: together and open up a solo for one K because
Speaker 1: to Delli's point, you can actually contribute as an employee
Speaker 1: and then as an employeer. So I just officially I
Speaker 1: opened it up kind of late, but I did it.
Speaker 1: I opened it up a couple of weeks ago. My
Speaker 1: plan is because I've been looking at the market being like, well,
Speaker 1: I'm not missing out on anything if I don't sink
Speaker 1: some money into it right now. But yeah, my plan is,
Speaker 1: I'm probably just going to do like one lump sum
Speaker 1: contribution now that the account is open, and hopefully that'll
Speaker 1: be fine, and then don't check it. You know right now?
Speaker 2: Did you traditional or WROTH?
Speaker 1: I don't remember Roth? Wait, I don't remember.
Speaker 2: Good question, Yeah, because I was going back and forth
Speaker 2: as well. I mean, you have time to switch, but
Speaker 2: I was going back and forth initially as well.
Speaker 1: Pre tax, pre the traditional yeah, pre pre tax.
Speaker 2: Yeah. So if everyone doesn't know, as Mandy mentioned, traditional
Speaker 2: is pre tax, and then roth will be after tax
Speaker 2: grows tax free. You take it out at fifty nine
Speaker 2: and a half without having to pay taxes. So I
Speaker 2: was going back and forth as well. And if I
Speaker 2: wanted to do a traditional Roth or I'm sorry, a
Speaker 2: Roth solo for one K or traditional, and I chose Roth.
Speaker 2: But there are not many options out there to do
Speaker 2: a Roth solo for one K besides Vanguard, which unfortunately
Speaker 2: I had to use them. I don't like this, and
Speaker 2: you think I'm biased, but I don't like their platform
Speaker 2: at all.
Speaker 1: But it sucks. But I've been with them for so long.
Speaker 1: It's if you're listening, Vanguard, why can't you be better?
Speaker 1: Like with all the money that we're in syncing into you,
Speaker 1: why can't you invest in some IT support, you know
Speaker 1: what I mean, like some of the stuff you can't
Speaker 1: get on your phone anyhow. Anyhow, they just don't put.
Speaker 2: Enough money into technology. And it has been happening since
Speaker 2: I started in twenty twelve.
Speaker 3: Well, I mean one thing about Vanguard, you know, I
Speaker 3: say I'm a Vanguard customer as well, and I always
Speaker 3: tell people to use them.
Speaker 4: Yeah, their priority will and always have been the shareholders.
Speaker 4: Like they are.
Speaker 3: They prioritize keeping their costs as low as possible so
Speaker 3: that they can keep the fees as low as possible.
Speaker 4: So it's funny because like.
Speaker 5: We'll complain about the platform and then somebody you know,
Speaker 5: and then you've got like other companies that are putting
Speaker 5: a bunch of money to their platform, but then they're
Speaker 5: jacking up their fees, and so it's like, which.
Speaker 4: One would you prefer?
Speaker 3: And I'm like, I'll take a Yankee outdated website as
Speaker 3: if that's going to save me one hundred to two
Speaker 3: hundred thousand dollars in the long term from fees, you know.
Speaker 3: So we have to we have to pick our battles
Speaker 3: and it works. It's not fancy, it's not snazzy, it's
Speaker 3: not sexy, but it works and my fees are low
Speaker 3: af so I'm here.
Speaker 1: Thanks for bringing me back down to earth. It's also
Speaker 1: like they don't want you to have fun on their
Speaker 1: play want you to get in and get out, literally
Speaker 1: not treading and doing stuff. They're like, we just want
Speaker 1: your money once and then go live your life.
Speaker 2: Well, they give you everything that you need and nothing more.
Speaker 2: And I would totally agree that. Leanne like, luckily, you know,
Speaker 2: it's privileged enough to be at vanguard and positions where
Speaker 2: I was able to make a lot of those decisions
Speaker 2: and a lot of times when you're at certain companies
Speaker 2: are like how much money can I make off of
Speaker 2: X or this project whatever? We never talk about that.
Speaker 2: Every single decision was made based off the client. Were like,
Speaker 2: how are we improving the experience? How can we lower
Speaker 2: the fees? How can we make sure that you know
Speaker 2: when they're making contributions. It's easy, like they don't have
Speaker 2: to worry about anything. So I would totally agree that
Speaker 2: they try to focus a lot on the overall experience
Speaker 2: and then how can they decrease fees, which, how they're structured,
Speaker 2: they're able to keep fees pretty low. And then also
Speaker 2: they make decisions throughout the year to make sure that
Speaker 2: their fees remain low and remain competitive.
Speaker 1: Dang, that was such a fun episode. Thank you Mark
Speaker 1: and Delian again for joining us live in the Brown
Speaker 1: Ambition studio to our BA fam. Hope you guys are
Speaker 1: safe and well. If you miss the episode live and
Speaker 1: you want to see what my version of the Black
Speaker 1: Teacher at Hogwarts looks like, definitely go check us out
Speaker 1: on YouTube. Just search Brown Ambition. You will find the episode.
Speaker 1: You'll find our channel and why not subscribe while you're there. Okay.
Speaker 1: We love engaging with our audience in this new and
Speaker 1: exciting way, so check us out. Let us know. How
Speaker 1: would you think of our YouTube channel and the Halloween
Speaker 1: Treat special. Shout out to everyone who attended live and
Speaker 1: again to our amazing gas, Delian and Mark, and we'll
Speaker 1: see y'all next week. Hey ba fam, we could not
Speaker 1: do this show without your support or the support.
Speaker 4: Of our team behind the scenes.
Speaker 1: The Brown Emission Podcast is produced by Cumulus Podcast Network.
Speaker 1: It's edited by the wonderful Imani Crosby and produced by
Speaker 1: Tanya Bustos. Dennis Stimplinsky is our in house tech guru,
Speaker 1: and I am Bandy Woodard Santos, your co host, and
Speaker 1: I will see y'all next week.