1 00:00:16,160 --> 00:00:18,640 Speaker 1: It's time for the b a q A. 2 00:00:19,480 --> 00:00:20,640 Speaker 2: The b a q A. 3 00:00:20,880 --> 00:00:23,840 Speaker 1: Okay, the b a q a A, the b a 4 00:00:24,280 --> 00:00:25,080 Speaker 1: q A. 5 00:00:25,520 --> 00:00:27,360 Speaker 2: Welcome to the b. 6 00:00:28,840 --> 00:00:32,360 Speaker 1: Q A where you have q's and we have a's 7 00:00:32,520 --> 00:00:37,440 Speaker 1: ish lowercase lowercase a's. Right, me and Manator are not 8 00:00:37,520 --> 00:00:44,280 Speaker 1: your your financial advisors. We're not your therapists. No, we're 9 00:00:44,360 --> 00:00:48,360 Speaker 1: not your banker. You know, we're not your morgage lender. 10 00:00:48,400 --> 00:00:51,080 Speaker 1: You're insurance first. And but we are just too smart. 11 00:00:51,200 --> 00:00:54,200 Speaker 1: Brown chocolate chip, well, would you would you say, are 12 00:00:54,200 --> 00:00:56,520 Speaker 1: you backing amy? No? What tip would you call yourself? 13 00:00:59,320 --> 00:01:01,480 Speaker 3: I guess sound like a blondie brownie instead of a 14 00:01:01,480 --> 00:01:02,280 Speaker 3: brownie brownie. 15 00:01:02,360 --> 00:01:03,320 Speaker 2: I hate blondies. 16 00:01:03,720 --> 00:01:07,640 Speaker 1: I actually like blondies. Anyway, we're two chips right over 17 00:01:07,680 --> 00:01:10,560 Speaker 1: here with a little bit of chocolate twirld in. And yeah, 18 00:01:10,600 --> 00:01:14,119 Speaker 1: we're honestly, we're just too smart girls about our money. 19 00:01:14,520 --> 00:01:17,640 Speaker 1: That here to give you some feedback. But ultimately, you know, 20 00:01:17,640 --> 00:01:20,440 Speaker 1: we want you to take that advice and sprinkle it 21 00:01:20,520 --> 00:01:24,280 Speaker 1: onto the advice you get from your paid financial professional. 22 00:01:25,120 --> 00:01:27,319 Speaker 2: Not paying us. We have no contract. We just saying 23 00:01:27,319 --> 00:01:28,480 Speaker 2: stuff on the internet. 24 00:01:28,240 --> 00:01:32,360 Speaker 3: Okay, in other words, but we do have some juicy 25 00:01:32,440 --> 00:01:35,000 Speaker 3: questions and if y'all want to submit your questions, best 26 00:01:35,000 --> 00:01:37,520 Speaker 3: place to go first and foremost brownmbisson podcast dot com. 27 00:01:37,520 --> 00:01:39,800 Speaker 3: You can submit a question there. But if you are 28 00:01:39,800 --> 00:01:43,119 Speaker 3: already on IG, which aren't we all, go to Brand 29 00:01:43,160 --> 00:01:45,720 Speaker 3: Ambission Podcast on IG you can slide into our d 30 00:01:45,959 --> 00:01:48,320 Speaker 3: ms and leave us a question. If you would like 31 00:01:48,400 --> 00:01:50,880 Speaker 3: to remain anonymous, that is fine, but it's more fun 32 00:01:50,960 --> 00:01:53,760 Speaker 3: if you give us a you know, pseudonym or like 33 00:01:53,800 --> 00:01:56,520 Speaker 3: a little pen name for yourself. So help us, help 34 00:01:56,600 --> 00:01:59,400 Speaker 3: you by giving us a pen name or a pseudonym, 35 00:02:00,120 --> 00:02:03,520 Speaker 3: and let's see where else. Email Brandambission Podcast at gmail 36 00:02:03,560 --> 00:02:06,040 Speaker 3: dot com. You can email us your questions there as well. 37 00:02:08,200 --> 00:02:09,359 Speaker 2: All right, So for money? 38 00:02:09,400 --> 00:02:10,080 Speaker 1: Your career question? 39 00:02:10,120 --> 00:02:10,880 Speaker 2: First? Which one? 40 00:02:11,919 --> 00:02:12,359 Speaker 3: Huh? 41 00:02:12,520 --> 00:02:14,400 Speaker 2: To the career one? Because I have this tab open? 42 00:02:14,440 --> 00:02:16,160 Speaker 2: How about that? Okay, let's do it. 43 00:02:16,880 --> 00:02:20,280 Speaker 3: A confused millennial is from this listener wants to go 44 00:02:20,320 --> 00:02:23,840 Speaker 3: by a confused millennial? Aren't we all all right? And 45 00:02:24,000 --> 00:02:26,600 Speaker 3: working in higher ed? So let's read this question. It's 46 00:02:26,600 --> 00:02:29,520 Speaker 3: a juicy career one. She says, I work in higher 47 00:02:29,639 --> 00:02:32,760 Speaker 3: education and I've been applying for jobs since September twenty 48 00:02:32,800 --> 00:02:35,680 Speaker 3: twenty one. I've been trying to transition out of higher 49 00:02:35,880 --> 00:02:38,680 Speaker 3: ed because I'm burnt out, I have a loss of passion, 50 00:02:38,800 --> 00:02:41,640 Speaker 3: and the pay is limited. I was recently offered and 51 00:02:41,720 --> 00:02:45,239 Speaker 3: accepted a better paying position at my current institution. Although 52 00:02:45,280 --> 00:02:48,440 Speaker 3: I'm grateful, I just don't feel I'll be passionate about 53 00:02:48,440 --> 00:02:51,639 Speaker 3: the work in this capacity, and I feel like I'm settling. 54 00:02:52,120 --> 00:02:54,760 Speaker 3: So my question is it bad practice to accept the 55 00:02:54,800 --> 00:02:58,080 Speaker 3: position and then possibly leave within a couple of months 56 00:02:58,080 --> 00:03:01,200 Speaker 3: for something better. I have the experience of a project 57 00:03:01,200 --> 00:03:03,639 Speaker 3: manager without the official title, and I'm looking to make 58 00:03:03,720 --> 00:03:06,960 Speaker 3: that transition. I just don't want to make the people 59 00:03:07,000 --> 00:03:09,160 Speaker 3: who have helped me get this position look bad. But 60 00:03:09,240 --> 00:03:12,040 Speaker 3: I can't shake the feeling that I settled because it 61 00:03:12,080 --> 00:03:13,520 Speaker 3: was the first offer I've received. 62 00:03:13,560 --> 00:03:20,440 Speaker 2: Thank you for your guidance. A confused millennial. Interesting. 63 00:03:21,520 --> 00:03:23,760 Speaker 3: I know that I'm the Queen a Quintin and I'm 64 00:03:23,760 --> 00:03:26,200 Speaker 3: supposed to be like just put yourself first. All that 65 00:03:27,440 --> 00:03:30,640 Speaker 3: I do want to like, my first instinct is like 66 00:03:30,760 --> 00:03:34,040 Speaker 3: a word of caution here, especially because you know that 67 00:03:34,080 --> 00:03:36,520 Speaker 3: you don't want the job itself. You're working with your 68 00:03:36,720 --> 00:03:40,200 Speaker 3: at your current institution. But even if you're even if 69 00:03:40,200 --> 00:03:43,040 Speaker 3: this were a job offered by another company, like Let's 70 00:03:43,080 --> 00:03:45,600 Speaker 3: say it's another It's it's Meta or some big company 71 00:03:45,600 --> 00:03:47,320 Speaker 3: and they're offering you this job and you know that 72 00:03:47,360 --> 00:03:49,720 Speaker 3: you don't want it, you know, and you were like, 73 00:03:49,800 --> 00:03:51,760 Speaker 3: should I just take it just to get out of here? 74 00:03:51,920 --> 00:03:53,200 Speaker 3: I know I'm not going to like the work and 75 00:03:53,240 --> 00:03:55,080 Speaker 3: I'll probably end up quitting a couple of months down 76 00:03:55,120 --> 00:03:55,640 Speaker 3: the line. 77 00:03:55,880 --> 00:03:57,120 Speaker 2: I don't think that's the best look. 78 00:03:57,720 --> 00:04:01,160 Speaker 3: I'm not gonna lie one. And it's fresh on my 79 00:04:01,200 --> 00:04:05,240 Speaker 3: mind because I just had a I had a Meta recruiter, 80 00:04:05,320 --> 00:04:08,160 Speaker 3: a friend of mine named Ryan, join a session that 81 00:04:08,240 --> 00:04:10,680 Speaker 3: I did for Makers, and he was and this question 82 00:04:10,800 --> 00:04:14,480 Speaker 3: came up. It was like, how do recruiters feel when 83 00:04:14,480 --> 00:04:16,320 Speaker 3: someone backs out of a job when they realize it's 84 00:04:16,320 --> 00:04:18,799 Speaker 3: not a good fit, you know, right before they started 85 00:04:18,880 --> 00:04:21,000 Speaker 3: or soon after. And he was like, God, we hate that. 86 00:04:21,120 --> 00:04:24,560 Speaker 3: And in fact, at Meta we keep a list, you know, 87 00:04:24,680 --> 00:04:27,400 Speaker 3: or we keep notes about that kind of stuff. It 88 00:04:27,480 --> 00:04:29,720 Speaker 3: wasn't all like that, but you know, like peep, they 89 00:04:29,760 --> 00:04:31,960 Speaker 3: don't forget and you don't, and I do think you 90 00:04:32,000 --> 00:04:34,680 Speaker 3: want to think about, you know, what are the repercussions 91 00:04:34,720 --> 00:04:38,080 Speaker 3: of me putting people through this whole process and they've 92 00:04:38,080 --> 00:04:40,920 Speaker 3: turned down other candidates potentially, and they put all these research. 93 00:04:40,960 --> 00:04:44,520 Speaker 3: It tastes resources and money to hire, right, So if 94 00:04:44,560 --> 00:04:46,800 Speaker 3: you know that you don't want the job, let somebody 95 00:04:46,800 --> 00:04:49,040 Speaker 3: else have it and keep looking for that next right 96 00:04:49,040 --> 00:04:50,000 Speaker 3: opportunity for you. 97 00:04:51,480 --> 00:04:56,640 Speaker 1: Wow. Okay, And I'm glad that it's recent, so you 98 00:04:56,680 --> 00:04:58,719 Speaker 1: know to your point, I mean, I can understand a 99 00:04:58,760 --> 00:05:01,600 Speaker 1: confused millennial not one to go and do a poor 100 00:05:01,680 --> 00:05:03,200 Speaker 1: job because you know your heart is not in it. 101 00:05:03,760 --> 00:05:06,360 Speaker 1: So and plus two, I don't know she said other 102 00:05:06,400 --> 00:05:07,919 Speaker 1: people that helped her get the position. 103 00:05:08,040 --> 00:05:12,599 Speaker 3: Yeah, it does pay better, so I see why she's tempted. 104 00:05:13,160 --> 00:05:17,800 Speaker 1: Yeah, but you don't want to be someplace where you're 105 00:05:17,839 --> 00:05:20,400 Speaker 1: not wanting to because you're not going to do well. 106 00:05:20,440 --> 00:05:24,320 Speaker 1: Like you know, a happy employee is a there's a 107 00:05:24,360 --> 00:05:29,640 Speaker 1: hard working employee and honestly, project manager SIUs, that is 108 00:05:29,680 --> 00:05:31,880 Speaker 1: cute right now. Now, I can't promise that you're going 109 00:05:31,960 --> 00:05:34,880 Speaker 1: to get like benefits and all those other things. 110 00:05:34,920 --> 00:05:36,040 Speaker 2: But I will say with. 111 00:05:36,080 --> 00:05:41,520 Speaker 1: This, really, the surge of folks going into entrepreneurship, they 112 00:05:41,560 --> 00:05:42,960 Speaker 1: doesn't go by that. I don't talk to one of 113 00:05:42,960 --> 00:05:44,880 Speaker 1: my friends in entrepreneurship that they're not looking for a 114 00:05:44,920 --> 00:05:49,520 Speaker 1: project manager honestly because more and more they're realizing that, Like, 115 00:05:50,120 --> 00:05:53,440 Speaker 1: like even me, I never thought that. How I didn't 116 00:05:53,480 --> 00:05:54,800 Speaker 1: know it is how important it was that I had 117 00:05:54,839 --> 00:05:57,680 Speaker 1: project managers. I want to say I started really employing 118 00:05:57,720 --> 00:06:02,279 Speaker 1: project managers not last year, but the year before, because sometimes, 119 00:06:02,320 --> 00:06:04,599 Speaker 1: you know, you think you have this amazing team of 120 00:06:04,640 --> 00:06:08,080 Speaker 1: amazing people, and they are all amazing, but to wrangle 121 00:06:08,120 --> 00:06:11,840 Speaker 1: them all together and to say here's what we're working on, 122 00:06:11,920 --> 00:06:14,000 Speaker 1: and the project manager is the one that's kind of 123 00:06:14,080 --> 00:06:16,640 Speaker 1: checking in, Hey manage, did you do that thing? Hey son, 124 00:06:16,720 --> 00:06:19,039 Speaker 1: did you do this thing? What will that be submitted in? 125 00:06:19,160 --> 00:06:21,760 Speaker 1: It was everything. Like I really leaned in when I 126 00:06:21,839 --> 00:06:24,480 Speaker 1: launched the Get Go with Money in my book and 127 00:06:24,560 --> 00:06:26,880 Speaker 1: a Keisha shout out to her. That was her first time. 128 00:06:26,960 --> 00:06:29,279 Speaker 1: She's been a project manager before outside of the company, 129 00:06:29,279 --> 00:06:31,640 Speaker 1: but never for us, and she was so nervous. I 130 00:06:31,680 --> 00:06:33,720 Speaker 1: was like, are you can do it? She seleated, and 131 00:06:33,920 --> 00:06:37,839 Speaker 1: it made me a project manager like advocate. I was like, wait, 132 00:06:37,920 --> 00:06:40,720 Speaker 1: is that how it goes? When someone basically there are 133 00:06:40,760 --> 00:06:42,680 Speaker 1: many you and it was just amazing. So I just 134 00:06:42,680 --> 00:06:46,160 Speaker 1: say all that to say, project management, you know, there's 135 00:06:46,200 --> 00:06:48,760 Speaker 1: there's a big demand for it, a great group to 136 00:06:48,880 --> 00:06:54,000 Speaker 1: join is build it Wait, Build It Branded plus Launch 137 00:06:54,040 --> 00:06:56,480 Speaker 1: with Arsha Jones on Facebook. It is just a it's 138 00:06:56,520 --> 00:06:59,560 Speaker 1: just a Facebook group filled with entrepreneurs, mostly sisters, if 139 00:06:59,600 --> 00:07:02,800 Speaker 1: I meant, and I love it. But what I love 140 00:07:02,839 --> 00:07:05,159 Speaker 1: about it is that there are so many entrepreneurs in 141 00:07:05,200 --> 00:07:09,200 Speaker 1: there looking for project managers if you're not just people listening, 142 00:07:09,279 --> 00:07:13,040 Speaker 1: graphic designers, attorneys and so it's just a really great 143 00:07:13,080 --> 00:07:17,040 Speaker 1: place not to pitch yourself, but to be of service 144 00:07:17,080 --> 00:07:20,360 Speaker 1: by answering questions and then by thereby people saying, well 145 00:07:20,360 --> 00:07:22,320 Speaker 1: what about you? Can I hire you? So just keeping 146 00:07:22,320 --> 00:07:24,240 Speaker 1: that in mind, that's a great place if you want 147 00:07:24,240 --> 00:07:27,040 Speaker 1: to dabble your pinky. It's called oh yes, maybe he'd 148 00:07:27,040 --> 00:07:28,240 Speaker 1: never been a part of it. Let me let me 149 00:07:28,240 --> 00:07:30,240 Speaker 1: get it for cheesy since my home. 150 00:07:30,760 --> 00:07:34,200 Speaker 3: I'm just thinking, like, for no, for sure, should you 151 00:07:34,200 --> 00:07:34,760 Speaker 3: should join? 152 00:07:35,080 --> 00:07:36,560 Speaker 2: Look give me back on Facebook? All right? 153 00:07:36,640 --> 00:07:42,000 Speaker 1: Fine, it's called me just see if I say yeah, yeah, 154 00:07:42,040 --> 00:07:47,280 Speaker 1: it's like so brand Comma, build plus launch with Archie Jones. 155 00:07:47,560 --> 00:07:49,640 Speaker 1: So maybe we can get like a link in the 156 00:07:49,680 --> 00:07:52,559 Speaker 1: description yeah, brand build and launch with Archie Jones. Because 157 00:07:52,600 --> 00:07:55,480 Speaker 1: when I tell you, it's like so many people who 158 00:07:55,560 --> 00:07:57,600 Speaker 1: I have found I would literally type in there, Hey, 159 00:07:58,040 --> 00:07:59,680 Speaker 1: like the other day, I needed somebody who knew how 160 00:07:59,680 --> 00:08:03,840 Speaker 1: to do Hey, looking for assist who can slay at PowerPoint? 161 00:08:04,200 --> 00:08:06,280 Speaker 1: You know, please x y z here. You can always 162 00:08:06,280 --> 00:08:09,280 Speaker 1: post you're looking for someone, but you can't say they 163 00:08:09,320 --> 00:08:12,320 Speaker 1: don't really want you advertising yourself. But I have seen 164 00:08:12,360 --> 00:08:14,920 Speaker 1: women who are super savvy who will go in instead 165 00:08:14,960 --> 00:08:17,920 Speaker 1: and answer questions, and then as a result, people are like, oh, 166 00:08:17,960 --> 00:08:20,400 Speaker 1: I'd like to hire you. So that's perfectly fine. But 167 00:08:20,440 --> 00:08:22,440 Speaker 1: it is such an amazing resource. I want to say 168 00:08:22,440 --> 00:08:24,680 Speaker 1: I've hired at least five or six people over the 169 00:08:24,760 --> 00:08:28,760 Speaker 1: last few years from brand build Launch, just because, like 170 00:08:28,800 --> 00:08:31,480 Speaker 1: you know, there's some awesome people in there, So mosey 171 00:08:31,560 --> 00:08:33,120 Speaker 1: on over, you guys who own businesses. 172 00:08:33,160 --> 00:08:34,000 Speaker 2: It's a great place to be. 173 00:08:35,080 --> 00:08:38,040 Speaker 3: I'm a mosy, well confused millennial. I hope that this 174 00:08:38,160 --> 00:08:40,520 Speaker 3: helped you. And don't forget what you just said yourself 175 00:08:40,520 --> 00:08:42,600 Speaker 3: and your question. I can't shake the feeling that I 176 00:08:42,679 --> 00:08:46,440 Speaker 3: settled because it's the first offer I've received. Trust your gut. 177 00:08:46,880 --> 00:08:49,040 Speaker 3: Your gut is telling you this is not the right fit. 178 00:08:49,559 --> 00:08:53,600 Speaker 3: And one last parting thought is if you're worried about 179 00:08:53,640 --> 00:08:56,959 Speaker 3: the people who've helped you get this position or offered 180 00:08:57,000 --> 00:08:59,640 Speaker 3: the position in your university if you're worried about hurting 181 00:08:59,640 --> 00:09:01,679 Speaker 3: their feet, and I would just be honest. I think 182 00:09:01,720 --> 00:09:05,120 Speaker 3: people respond really well to honesty, and they don't want 183 00:09:05,160 --> 00:09:07,000 Speaker 3: they don't want you to be unhappy, like they're trying 184 00:09:07,040 --> 00:09:08,600 Speaker 3: to give you a position because they want you to 185 00:09:08,640 --> 00:09:10,520 Speaker 3: be happy. And if this is not the one for you, 186 00:09:10,640 --> 00:09:13,520 Speaker 3: then explain that to them. And at the end of 187 00:09:13,520 --> 00:09:15,400 Speaker 3: the day, sometimes when it's time to quit, it's not 188 00:09:15,440 --> 00:09:18,320 Speaker 3: just about like you could both really want it to work. 189 00:09:18,360 --> 00:09:21,280 Speaker 3: It's like a relationship. But if the right role is 190 00:09:21,320 --> 00:09:23,160 Speaker 3: not there for you and you want to go somewhere 191 00:09:23,160 --> 00:09:25,280 Speaker 3: else to get it, then I think people again will 192 00:09:25,360 --> 00:09:28,719 Speaker 3: understand when it comes to that honesty. I think is 193 00:09:28,760 --> 00:09:32,720 Speaker 3: your friend here and staying true to that baby gut 194 00:09:32,760 --> 00:09:37,839 Speaker 3: feeling that you're feeling. Yeah, okay, all right, let's take 195 00:09:37,840 --> 00:09:41,240 Speaker 3: a quick break and I'll be back with your next 196 00:09:41,320 --> 00:09:47,240 Speaker 3: questions is be a Q and A. 197 00:09:45,040 --> 00:09:46,760 Speaker 2: All right, we're back. You want to want to read 198 00:09:46,800 --> 00:09:47,679 Speaker 2: this one tif. 199 00:09:47,679 --> 00:09:50,280 Speaker 3: Surest written all the way over it. 200 00:09:50,559 --> 00:09:54,240 Speaker 1: This is from Molly May Mollie. She said, would you 201 00:09:54,360 --> 00:09:58,240 Speaker 1: use your emergency fund to buy investment property which will 202 00:09:58,280 --> 00:10:01,520 Speaker 1: probably which will provide a meet at monthly income, or 203 00:10:02,200 --> 00:10:06,800 Speaker 1: sit on emergency fund until you have more liquid access 204 00:10:06,440 --> 00:10:09,200 Speaker 1: as assets to invest. So Molly wants to know them 205 00:10:09,920 --> 00:10:13,000 Speaker 1: she has this emergency fund, should she invest in to 206 00:10:13,000 --> 00:10:17,720 Speaker 1: buy investment property or should she you know, just continue 207 00:10:17,880 --> 00:10:23,080 Speaker 1: to keep it safe. Here's the thing, mal and a 208 00:10:23,120 --> 00:10:25,200 Speaker 1: lot of people struggle with this. Even in my own company, 209 00:10:25,320 --> 00:10:27,160 Speaker 1: Like there's like there was a little tussle between me 210 00:10:27,280 --> 00:10:32,000 Speaker 1: and one of my co founders, not not in a 211 00:10:32,000 --> 00:10:35,960 Speaker 1: bad way, but he wants we have an emergency fund. 212 00:10:36,160 --> 00:10:38,320 Speaker 1: And oftentimes he's like, ah, I don't want it to 213 00:10:38,360 --> 00:10:40,560 Speaker 1: just sit there. We should basically put it to work. 214 00:10:41,160 --> 00:10:43,480 Speaker 1: And I am of the school of thought is the 215 00:10:43,480 --> 00:10:48,280 Speaker 1: purpose of an emergency fund is for emergencies. Yeah, you know, 216 00:10:48,600 --> 00:10:51,400 Speaker 1: so not to say you can't put some of it 217 00:10:51,440 --> 00:10:56,120 Speaker 1: to work, but what if there's an emergency? So let's 218 00:10:56,160 --> 00:10:59,320 Speaker 1: just say, God forbid, we enter into a recession. Oh wait, 219 00:10:59,320 --> 00:11:04,160 Speaker 1: we're here, and then you know, you lose your job 220 00:11:04,280 --> 00:11:08,520 Speaker 1: or something. And now, although that money is in this 221 00:11:08,679 --> 00:11:11,720 Speaker 1: property and certainly maybe the property will pay you whatever 222 00:11:11,920 --> 00:11:13,840 Speaker 1: twelve hundred bucks a month, let's just whatever, you know, 223 00:11:14,320 --> 00:11:18,040 Speaker 1: but the emergency might call for more for more than that. 224 00:11:18,280 --> 00:11:21,200 Speaker 1: It's almost like it is okay to give your money 225 00:11:21,200 --> 00:11:24,520 Speaker 1: a job and just have it have a singular focus. 226 00:11:25,000 --> 00:11:27,080 Speaker 1: The purpose of an emergency fund is not to yield 227 00:11:27,160 --> 00:11:30,360 Speaker 1: you money. It is literally just the safety net. It's 228 00:11:30,400 --> 00:11:32,080 Speaker 1: not like you're not using the safety net to also 229 00:11:32,160 --> 00:11:33,880 Speaker 1: fish with, like, oh, why it could be a fishing 230 00:11:33,920 --> 00:11:36,199 Speaker 1: net while I wait for the safety net. Well, by 231 00:11:36,240 --> 00:11:37,679 Speaker 1: the time you have that out on the lake, you 232 00:11:37,760 --> 00:11:39,600 Speaker 1: might actually need it from when you're gonna fall later, 233 00:11:40,240 --> 00:11:42,640 Speaker 1: you know. And so I like emergency funds to stay 234 00:11:42,679 --> 00:11:46,360 Speaker 1: emergency and then continue to save and then you can 235 00:11:46,520 --> 00:11:49,960 Speaker 1: use investment money as investment money, because the nervousness is 236 00:11:49,960 --> 00:11:52,280 Speaker 1: is that if something actually happens, you won't have the 237 00:11:52,280 --> 00:11:55,439 Speaker 1: funds readily available. And you know, and here's the thing, 238 00:11:55,480 --> 00:11:58,360 Speaker 1: as someone who's brought an investment property who was like, oh, 239 00:11:58,640 --> 00:12:00,520 Speaker 1: you know in a few months will have money coming in, 240 00:12:00,800 --> 00:12:03,720 Speaker 1: it's been two years, because you don't know what can happen. 241 00:12:04,200 --> 00:12:06,600 Speaker 1: You know, the city might change some ordinance, you know, 242 00:12:06,720 --> 00:12:08,560 Speaker 1: if there might be more work to be done in 243 00:12:08,600 --> 00:12:10,719 Speaker 1: the house. You might have a hard time finding a 244 00:12:10,720 --> 00:12:12,760 Speaker 1: good tenant. There's so many things that could go wrong 245 00:12:12,840 --> 00:12:15,840 Speaker 1: before you actually start to reap the financial benefits, and 246 00:12:15,920 --> 00:12:19,080 Speaker 1: so emergency fund to stay emergency. Let's just say you 247 00:12:19,120 --> 00:12:21,600 Speaker 1: had a whole year's worth of emergency fund and then 248 00:12:21,640 --> 00:12:23,480 Speaker 1: you say, Okay, I'm going to take six months of it, 249 00:12:23,920 --> 00:12:25,640 Speaker 1: or I'm going to take nine months of it and 250 00:12:25,679 --> 00:12:28,840 Speaker 1: leave them sit three months for emergencies. Then that that's different. 251 00:12:28,840 --> 00:12:32,719 Speaker 1: But I would not synk my full emergency fund into investments. 252 00:12:33,280 --> 00:12:36,280 Speaker 3: It's like you're getting a little impatient, right, Like you've 253 00:12:36,280 --> 00:12:38,280 Speaker 3: got this money sitting there and you're thinking about it 254 00:12:38,280 --> 00:12:40,679 Speaker 3: too much. I like to not think about my emergency 255 00:12:40,720 --> 00:12:43,439 Speaker 3: fund at all, just forget it exists. That's why I 256 00:12:43,520 --> 00:12:44,839 Speaker 3: kind of have it in like an online only a 257 00:12:44,880 --> 00:12:48,360 Speaker 3: bank account that I can't necessarily just go easily and 258 00:12:48,400 --> 00:12:51,520 Speaker 3: take it out. Yeah, you're thinking about it too much. 259 00:12:51,600 --> 00:12:53,560 Speaker 3: You just want to like not think of it until 260 00:12:53,600 --> 00:12:56,640 Speaker 3: you absolutely need it. And I mean, God forbid. It'd 261 00:12:56,679 --> 00:12:59,560 Speaker 3: kind of be like if it'd be like, if I 262 00:12:59,600 --> 00:13:02,040 Speaker 3: decide I'm feeling really healthy this year, I'm just going 263 00:13:02,120 --> 00:13:05,360 Speaker 3: to not pay for health insurance. But the what we 264 00:13:05,400 --> 00:13:08,360 Speaker 3: would never tell someone to do that, right because anything 265 00:13:08,400 --> 00:13:11,760 Speaker 3: could happen, right, So I would I mean, and this could. 266 00:13:11,559 --> 00:13:12,480 Speaker 2: Be whether you were in. 267 00:13:12,760 --> 00:13:15,520 Speaker 3: I think maybe you're you feel like, oh, it's okay 268 00:13:15,559 --> 00:13:16,160 Speaker 3: because it's an. 269 00:13:16,160 --> 00:13:18,920 Speaker 2: Investment property and it's smart. But I would tell you 270 00:13:18,960 --> 00:13:19,439 Speaker 2: the same thing. 271 00:13:19,480 --> 00:13:21,080 Speaker 3: If you were like, I want to go on vacation, 272 00:13:21,520 --> 00:13:23,800 Speaker 3: you know, and dip it into my emergency fund, I'd probably 273 00:13:23,840 --> 00:13:26,360 Speaker 3: be like, maybe don't think about that. I think you've 274 00:13:26,480 --> 00:13:29,000 Speaker 3: but you've proven that you can save, like Tip said, 275 00:13:29,040 --> 00:13:32,040 Speaker 3: so just do it again, you know. And it's not 276 00:13:32,080 --> 00:13:35,920 Speaker 3: like properties are going anywhere. Maybe in your area, maybe 277 00:13:35,920 --> 00:13:37,319 Speaker 3: your worried prices are going to. 278 00:13:37,280 --> 00:13:40,880 Speaker 2: Be going up. That's fair, But at the same time, 279 00:13:41,480 --> 00:13:41,839 Speaker 2: it's not. 280 00:13:41,880 --> 00:13:44,800 Speaker 3: Always the right time for you individually to start investing 281 00:13:44,880 --> 00:13:48,200 Speaker 3: in a certain asset. And it doesn't sound like And 282 00:13:48,240 --> 00:13:51,520 Speaker 3: I also feel like if you're it depends on how 283 00:13:51,600 --> 00:13:53,080 Speaker 3: much you're Like, if you were going to be buying 284 00:13:53,080 --> 00:13:55,280 Speaker 3: this property cash, or if you're going to be taking 285 00:13:55,280 --> 00:13:57,840 Speaker 3: on a loan, the bank may want to see that 286 00:13:57,920 --> 00:13:59,640 Speaker 3: you have a lot of cash on your books, so 287 00:13:59,679 --> 00:14:02,080 Speaker 3: that in your bank account to even approve you for 288 00:14:02,120 --> 00:14:04,800 Speaker 3: the loan. So draining, Like, if they know you're going 289 00:14:04,840 --> 00:14:09,680 Speaker 3: to be draining your cash fund to get that home 290 00:14:09,800 --> 00:14:12,760 Speaker 3: or get that property, they may not even give you 291 00:14:12,800 --> 00:14:16,360 Speaker 3: the loan, you know, so that's another thing to potentially 292 00:14:16,400 --> 00:14:16,839 Speaker 3: think about. 293 00:14:17,520 --> 00:14:21,120 Speaker 1: Yeah, and literally we're in the middle of probably going 294 00:14:21,160 --> 00:14:23,960 Speaker 1: to be needing emergency funds. You know. Typically people don't 295 00:14:23,960 --> 00:14:26,080 Speaker 1: get a little heads up. But it's like the recession 296 00:14:26,160 --> 00:14:30,120 Speaker 1: is like, hey girl, back again, even stronger hopefully. So 297 00:14:30,520 --> 00:14:34,040 Speaker 1: it's like, yikes. Honestly, just in general, if you can 298 00:14:34,120 --> 00:14:39,080 Speaker 1: hear the sound of our voices, save, save, save because 299 00:14:39,160 --> 00:14:42,960 Speaker 1: with sessions, you know, are hard and cash is queen 300 00:14:43,480 --> 00:14:46,880 Speaker 1: during with sessions, because you don't know what is going 301 00:14:46,960 --> 00:14:50,160 Speaker 1: to Like Honestly, because I'm a nervous nelly, I have 302 00:14:50,240 --> 00:14:54,480 Speaker 1: one year's worth of emergency fund saved. I'm excessive. And meanwhile, 303 00:14:54,520 --> 00:14:56,680 Speaker 1: you know, I've got a successful business in YadA, YadA, YadA. 304 00:14:56,760 --> 00:15:00,920 Speaker 1: But I just I the last recession decimated my finances. 305 00:15:00,960 --> 00:15:04,200 Speaker 1: I ain't going back. I'm going back, and so I 306 00:15:04,200 --> 00:15:07,240 Speaker 1: have one year saved, and that way, you know, I 307 00:15:07,280 --> 00:15:08,920 Speaker 1: have a year to figure out what to do in 308 00:15:08,920 --> 00:15:11,880 Speaker 1: case everything falls apart. So just to give you like 309 00:15:11,880 --> 00:15:14,240 Speaker 1: a point of reference, we're not just talking about it. 310 00:15:14,240 --> 00:15:15,760 Speaker 1: We'd be beat about it over here. 311 00:15:17,760 --> 00:15:21,640 Speaker 3: All right, Molly More, I keep wanting to say, Molly Moore, 312 00:15:21,640 --> 00:15:23,840 Speaker 3: it's just your children's books. Check it out mollymore dot com. 313 00:15:23,880 --> 00:15:26,120 Speaker 3: I'm sure you have that domain. You probably have every 314 00:15:26,160 --> 00:15:26,920 Speaker 3: donor for all of that. 315 00:15:27,040 --> 00:15:29,240 Speaker 1: It's m A l I, you know, m A l 316 00:15:29,320 --> 00:15:30,000 Speaker 1: I m mo r. 317 00:15:30,520 --> 00:15:34,200 Speaker 3: If you want not forgotten about Molly Moore at all. 318 00:15:34,560 --> 00:15:36,680 Speaker 3: Rio is almost old enough to not rip the pages 319 00:15:36,680 --> 00:15:38,560 Speaker 3: in half, so I might need it to him soon. 320 00:15:39,880 --> 00:15:41,880 Speaker 2: It's board books are bust right now. He is just. 321 00:15:43,920 --> 00:15:46,120 Speaker 3: All right, miss Mollie. Thank you so much for your question. 322 00:15:46,200 --> 00:15:46,480 Speaker 2: Again. 323 00:15:46,520 --> 00:15:48,600 Speaker 3: If you guys want to leave us a question, you 324 00:15:48,600 --> 00:15:50,880 Speaker 3: can hit us up, go to Brannambission podcast dot com 325 00:15:50,920 --> 00:15:55,280 Speaker 3: and ask us anything, or direct message us on Instagram. 326 00:15:55,360 --> 00:15:58,680 Speaker 3: We are at Brannambission Podcast on the Gram or Brown 327 00:15:58,760 --> 00:16:02,640 Speaker 3: Ambission Podcast at emil dot com. Hey ba fan, we 328 00:16:02,680 --> 00:16:05,040 Speaker 3: could not do this show without your support or the 329 00:16:05,080 --> 00:16:08,080 Speaker 3: support of our team behind the scenes. The Brown Ambission 330 00:16:08,160 --> 00:16:10,920 Speaker 3: Podcast is produced by Cumulus Podcast Network. 331 00:16:11,000 --> 00:16:12,120 Speaker 2: It's edited by the. 332 00:16:12,160 --> 00:16:16,800 Speaker 3: Wonderful Imani Crosby and produced by Tanya Bustos. Dennis Stimplinsky 333 00:16:16,920 --> 00:16:19,600 Speaker 3: is our in house tech curu, and I am Bandy 334 00:16:19,600 --> 00:16:22,720 Speaker 3: Woodard Santos your co host, and I will see y'all 335 00:16:22,760 --> 00:16:23,320 Speaker 3: next week.