Speaker 1: It's time for the b a q A.
Speaker 2: The b a q A.
Speaker 1: Okay, the b a q a A, the b a
Speaker 1: q A.
Speaker 2: Welcome to the b.
Speaker 1: Q A where you have q's and we have a's
Speaker 1: ish lowercase lowercase a's. Right, me and Manator are not
Speaker 1: your your financial advisors. We're not your therapists. No, we're
Speaker 1: not your banker. You know, we're not your morgage lender.
Speaker 1: You're insurance first. And but we are just too smart.
Speaker 1: Brown chocolate chip, well, would you would you say, are
Speaker 1: you backing amy? No? What tip would you call yourself?
Speaker 3: I guess sound like a blondie brownie instead of a
Speaker 3: brownie brownie.
Speaker 2: I hate blondies.
Speaker 1: I actually like blondies. Anyway, we're two chips right over
Speaker 1: here with a little bit of chocolate twirld in. And yeah,
Speaker 1: we're honestly, we're just too smart girls about our money.
Speaker 1: That here to give you some feedback. But ultimately, you know,
Speaker 1: we want you to take that advice and sprinkle it
Speaker 1: onto the advice you get from your paid financial professional.
Speaker 2: Not paying us. We have no contract. We just saying
Speaker 2: stuff on the internet.
Speaker 3: Okay, in other words, but we do have some juicy
Speaker 3: questions and if y'all want to submit your questions, best
Speaker 3: place to go first and foremost brownmbisson podcast dot com.
Speaker 3: You can submit a question there. But if you are
Speaker 3: already on IG, which aren't we all, go to Brand
Speaker 3: Ambission Podcast on IG you can slide into our d
Speaker 3: ms and leave us a question. If you would like
Speaker 3: to remain anonymous, that is fine, but it's more fun
Speaker 3: if you give us a you know, pseudonym or like
Speaker 3: a little pen name for yourself. So help us, help
Speaker 3: you by giving us a pen name or a pseudonym,
Speaker 3: and let's see where else. Email Brandambission Podcast at gmail
Speaker 3: dot com. You can email us your questions there as well.
Speaker 2: All right, So for money?
Speaker 1: Your career question?
Speaker 2: First? Which one?
Speaker 3: Huh?
Speaker 2: To the career one? Because I have this tab open?
Speaker 2: How about that? Okay, let's do it.
Speaker 3: A confused millennial is from this listener wants to go
Speaker 3: by a confused millennial? Aren't we all all right? And
Speaker 3: working in higher ed? So let's read this question. It's
Speaker 3: a juicy career one. She says, I work in higher
Speaker 3: education and I've been applying for jobs since September twenty
Speaker 3: twenty one. I've been trying to transition out of higher
Speaker 3: ed because I'm burnt out, I have a loss of passion,
Speaker 3: and the pay is limited. I was recently offered and
Speaker 3: accepted a better paying position at my current institution. Although
Speaker 3: I'm grateful, I just don't feel I'll be passionate about
Speaker 3: the work in this capacity, and I feel like I'm settling.
Speaker 3: So my question is it bad practice to accept the
Speaker 3: position and then possibly leave within a couple of months
Speaker 3: for something better. I have the experience of a project
Speaker 3: manager without the official title, and I'm looking to make
Speaker 3: that transition. I just don't want to make the people
Speaker 3: who have helped me get this position look bad. But
Speaker 3: I can't shake the feeling that I settled because it
Speaker 3: was the first offer I've received.
Speaker 2: Thank you for your guidance. A confused millennial. Interesting.
Speaker 3: I know that I'm the Queen a Quintin and I'm
Speaker 3: supposed to be like just put yourself first. All that
Speaker 3: I do want to like, my first instinct is like
Speaker 3: a word of caution here, especially because you know that
Speaker 3: you don't want the job itself. You're working with your
Speaker 3: at your current institution. But even if you're even if
Speaker 3: this were a job offered by another company, like Let's
Speaker 3: say it's another It's it's Meta or some big company
Speaker 3: and they're offering you this job and you know that
Speaker 3: you don't want it, you know, and you were like,
Speaker 3: should I just take it just to get out of here?
Speaker 3: I know I'm not going to like the work and
Speaker 3: I'll probably end up quitting a couple of months down
Speaker 3: the line.
Speaker 2: I don't think that's the best look.
Speaker 3: I'm not gonna lie one. And it's fresh on my
Speaker 3: mind because I just had a I had a Meta recruiter,
Speaker 3: a friend of mine named Ryan, join a session that
Speaker 3: I did for Makers, and he was and this question
Speaker 3: came up. It was like, how do recruiters feel when
Speaker 3: someone backs out of a job when they realize it's
Speaker 3: not a good fit, you know, right before they started
Speaker 3: or soon after. And he was like, God, we hate that.
Speaker 3: And in fact, at Meta we keep a list, you know,
Speaker 3: or we keep notes about that kind of stuff. It
Speaker 3: wasn't all like that, but you know, like peep, they
Speaker 3: don't forget and you don't, and I do think you
Speaker 3: want to think about, you know, what are the repercussions
Speaker 3: of me putting people through this whole process and they've
Speaker 3: turned down other candidates potentially, and they put all these research.
Speaker 3: It tastes resources and money to hire, right, So if
Speaker 3: you know that you don't want the job, let somebody
Speaker 3: else have it and keep looking for that next right
Speaker 3: opportunity for you.
Speaker 1: Wow. Okay, And I'm glad that it's recent, so you
Speaker 1: know to your point, I mean, I can understand a
Speaker 1: confused millennial not one to go and do a poor
Speaker 1: job because you know your heart is not in it.
Speaker 1: So and plus two, I don't know she said other
Speaker 1: people that helped her get the position.
Speaker 3: Yeah, it does pay better, so I see why she's tempted.
Speaker 1: Yeah, but you don't want to be someplace where you're
Speaker 1: not wanting to because you're not going to do well.
Speaker 1: Like you know, a happy employee is a there's a
Speaker 1: hard working employee and honestly, project manager SIUs, that is
Speaker 1: cute right now. Now, I can't promise that you're going
Speaker 1: to get like benefits and all those other things.
Speaker 2: But I will say with.
Speaker 1: This, really, the surge of folks going into entrepreneurship, they
Speaker 1: doesn't go by that. I don't talk to one of
Speaker 1: my friends in entrepreneurship that they're not looking for a
Speaker 1: project manager honestly because more and more they're realizing that, Like,
Speaker 1: like even me, I never thought that. How I didn't
Speaker 1: know it is how important it was that I had
Speaker 1: project managers. I want to say I started really employing
Speaker 1: project managers not last year, but the year before, because sometimes,
Speaker 1: you know, you think you have this amazing team of
Speaker 1: amazing people, and they are all amazing, but to wrangle
Speaker 1: them all together and to say here's what we're working on,
Speaker 1: and the project manager is the one that's kind of
Speaker 1: checking in, Hey manage, did you do that thing? Hey son,
Speaker 1: did you do this thing? What will that be submitted in?
Speaker 1: It was everything. Like I really leaned in when I
Speaker 1: launched the Get Go with Money in my book and
Speaker 1: a Keisha shout out to her. That was her first time.
Speaker 1: She's been a project manager before outside of the company,
Speaker 1: but never for us, and she was so nervous. I
Speaker 1: was like, are you can do it? She seleated, and
Speaker 1: it made me a project manager like advocate. I was like, wait,
Speaker 1: is that how it goes? When someone basically there are
Speaker 1: many you and it was just amazing. So I just
Speaker 1: say all that to say, project management, you know, there's
Speaker 1: there's a big demand for it, a great group to
Speaker 1: join is build it Wait, Build It Branded plus Launch
Speaker 1: with Arsha Jones on Facebook. It is just a it's
Speaker 1: just a Facebook group filled with entrepreneurs, mostly sisters, if
Speaker 1: I meant, and I love it. But what I love
Speaker 1: about it is that there are so many entrepreneurs in
Speaker 1: there looking for project managers if you're not just people listening,
Speaker 1: graphic designers, attorneys and so it's just a really great
Speaker 1: place not to pitch yourself, but to be of service
Speaker 1: by answering questions and then by thereby people saying, well
Speaker 1: what about you? Can I hire you? So just keeping
Speaker 1: that in mind, that's a great place if you want
Speaker 1: to dabble your pinky. It's called oh yes, maybe he'd
Speaker 1: never been a part of it. Let me let me
Speaker 1: get it for cheesy since my home.
Speaker 3: I'm just thinking, like, for no, for sure, should you
Speaker 3: should join?
Speaker 2: Look give me back on Facebook? All right?
Speaker 1: Fine, it's called me just see if I say yeah, yeah,
Speaker 1: it's like so brand Comma, build plus launch with Archie Jones.
Speaker 1: So maybe we can get like a link in the
Speaker 1: description yeah, brand build and launch with Archie Jones. Because
Speaker 1: when I tell you, it's like so many people who
Speaker 1: I have found I would literally type in there, Hey,
Speaker 1: like the other day, I needed somebody who knew how
Speaker 1: to do Hey, looking for assist who can slay at PowerPoint?
Speaker 1: You know, please x y z here. You can always
Speaker 1: post you're looking for someone, but you can't say they
Speaker 1: don't really want you advertising yourself. But I have seen
Speaker 1: women who are super savvy who will go in instead
Speaker 1: and answer questions, and then as a result, people are like, oh,
Speaker 1: I'd like to hire you. So that's perfectly fine. But
Speaker 1: it is such an amazing resource. I want to say
Speaker 1: I've hired at least five or six people over the
Speaker 1: last few years from brand build Launch, just because, like
Speaker 1: you know, there's some awesome people in there, So mosey
Speaker 1: on over, you guys who own businesses.
Speaker 2: It's a great place to be.
Speaker 3: I'm a mosy, well confused millennial. I hope that this
Speaker 3: helped you. And don't forget what you just said yourself
Speaker 3: and your question. I can't shake the feeling that I
Speaker 3: settled because it's the first offer I've received. Trust your gut.
Speaker 3: Your gut is telling you this is not the right fit.
Speaker 3: And one last parting thought is if you're worried about
Speaker 3: the people who've helped you get this position or offered
Speaker 3: the position in your university if you're worried about hurting
Speaker 3: their feet, and I would just be honest. I think
Speaker 3: people respond really well to honesty, and they don't want
Speaker 3: they don't want you to be unhappy, like they're trying
Speaker 3: to give you a position because they want you to
Speaker 3: be happy. And if this is not the one for you,
Speaker 3: then explain that to them. And at the end of
Speaker 3: the day, sometimes when it's time to quit, it's not
Speaker 3: just about like you could both really want it to work.
Speaker 3: It's like a relationship. But if the right role is
Speaker 3: not there for you and you want to go somewhere
Speaker 3: else to get it, then I think people again will
Speaker 3: understand when it comes to that honesty. I think is
Speaker 3: your friend here and staying true to that baby gut
Speaker 3: feeling that you're feeling. Yeah, okay, all right, let's take
Speaker 3: a quick break and I'll be back with your next
Speaker 3: questions is be a Q and A.
Speaker 2: All right, we're back. You want to want to read
Speaker 2: this one tif.
Speaker 3: Surest written all the way over it.
Speaker 1: This is from Molly May Mollie. She said, would you
Speaker 1: use your emergency fund to buy investment property which will
Speaker 1: probably which will provide a meet at monthly income, or
Speaker 1: sit on emergency fund until you have more liquid access
Speaker 1: as assets to invest. So Molly wants to know them
Speaker 1: she has this emergency fund, should she invest in to
Speaker 1: buy investment property or should she you know, just continue
Speaker 1: to keep it safe. Here's the thing, mal and a
Speaker 1: lot of people struggle with this. Even in my own company,
Speaker 1: Like there's like there was a little tussle between me
Speaker 1: and one of my co founders, not not in a
Speaker 1: bad way, but he wants we have an emergency fund.
Speaker 1: And oftentimes he's like, ah, I don't want it to
Speaker 1: just sit there. We should basically put it to work.
Speaker 1: And I am of the school of thought is the
Speaker 1: purpose of an emergency fund is for emergencies. Yeah, you know,
Speaker 1: so not to say you can't put some of it
Speaker 1: to work, but what if there's an emergency? So let's
Speaker 1: just say, God forbid, we enter into a recession. Oh wait,
Speaker 1: we're here, and then you know, you lose your job
Speaker 1: or something. And now, although that money is in this
Speaker 1: property and certainly maybe the property will pay you whatever
Speaker 1: twelve hundred bucks a month, let's just whatever, you know,
Speaker 1: but the emergency might call for more for more than that.
Speaker 1: It's almost like it is okay to give your money
Speaker 1: a job and just have it have a singular focus.
Speaker 1: The purpose of an emergency fund is not to yield
Speaker 1: you money. It is literally just the safety net. It's
Speaker 1: not like you're not using the safety net to also
Speaker 1: fish with, like, oh, why it could be a fishing
Speaker 1: net while I wait for the safety net. Well, by
Speaker 1: the time you have that out on the lake, you
Speaker 1: might actually need it from when you're gonna fall later,
Speaker 1: you know. And so I like emergency funds to stay
Speaker 1: emergency and then continue to save and then you can
Speaker 1: use investment money as investment money, because the nervousness is
Speaker 1: is that if something actually happens, you won't have the
Speaker 1: funds readily available. And you know, and here's the thing,
Speaker 1: as someone who's brought an investment property who was like, oh,
Speaker 1: you know in a few months will have money coming in,
Speaker 1: it's been two years, because you don't know what can happen.
Speaker 1: You know, the city might change some ordinance, you know,
Speaker 1: if there might be more work to be done in
Speaker 1: the house. You might have a hard time finding a
Speaker 1: good tenant. There's so many things that could go wrong
Speaker 1: before you actually start to reap the financial benefits, and
Speaker 1: so emergency fund to stay emergency. Let's just say you
Speaker 1: had a whole year's worth of emergency fund and then
Speaker 1: you say, Okay, I'm going to take six months of it,
Speaker 1: or I'm going to take nine months of it and
Speaker 1: leave them sit three months for emergencies. Then that that's different.
Speaker 1: But I would not synk my full emergency fund into investments.
Speaker 3: It's like you're getting a little impatient, right, Like you've
Speaker 3: got this money sitting there and you're thinking about it
Speaker 3: too much. I like to not think about my emergency
Speaker 3: fund at all, just forget it exists. That's why I
Speaker 3: kind of have it in like an online only a
Speaker 3: bank account that I can't necessarily just go easily and
Speaker 3: take it out. Yeah, you're thinking about it too much.
Speaker 3: You just want to like not think of it until
Speaker 3: you absolutely need it. And I mean, God forbid. It'd
Speaker 3: kind of be like if it'd be like, if I
Speaker 3: decide I'm feeling really healthy this year, I'm just going
Speaker 3: to not pay for health insurance. But the what we
Speaker 3: would never tell someone to do that, right because anything
Speaker 3: could happen, right, So I would I mean, and this could.
Speaker 2: Be whether you were in.
Speaker 3: I think maybe you're you feel like, oh, it's okay
Speaker 3: because it's an.
Speaker 2: Investment property and it's smart. But I would tell you
Speaker 2: the same thing.
Speaker 3: If you were like, I want to go on vacation,
Speaker 3: you know, and dip it into my emergency fund, I'd probably
Speaker 3: be like, maybe don't think about that. I think you've
Speaker 3: but you've proven that you can save, like Tip said,
Speaker 3: so just do it again, you know. And it's not
Speaker 3: like properties are going anywhere. Maybe in your area, maybe
Speaker 3: your worried prices are going to.
Speaker 2: Be going up. That's fair, But at the same time,
Speaker 2: it's not.
Speaker 3: Always the right time for you individually to start investing
Speaker 3: in a certain asset. And it doesn't sound like And
Speaker 3: I also feel like if you're it depends on how
Speaker 3: much you're Like, if you were going to be buying
Speaker 3: this property cash, or if you're going to be taking
Speaker 3: on a loan, the bank may want to see that
Speaker 3: you have a lot of cash on your books, so
Speaker 3: that in your bank account to even approve you for
Speaker 3: the loan. So draining, Like, if they know you're going
Speaker 3: to be draining your cash fund to get that home
Speaker 3: or get that property, they may not even give you
Speaker 3: the loan, you know, so that's another thing to potentially
Speaker 3: think about.
Speaker 1: Yeah, and literally we're in the middle of probably going
Speaker 1: to be needing emergency funds. You know. Typically people don't
Speaker 1: get a little heads up. But it's like the recession
Speaker 1: is like, hey girl, back again, even stronger hopefully. So
Speaker 1: it's like, yikes. Honestly, just in general, if you can
Speaker 1: hear the sound of our voices, save, save, save because
Speaker 1: with sessions, you know, are hard and cash is queen
Speaker 1: during with sessions, because you don't know what is going
Speaker 1: to Like Honestly, because I'm a nervous nelly, I have
Speaker 1: one year's worth of emergency fund saved. I'm excessive. And meanwhile,
Speaker 1: you know, I've got a successful business in YadA, YadA, YadA.
Speaker 1: But I just I the last recession decimated my finances.
Speaker 1: I ain't going back. I'm going back, and so I
Speaker 1: have one year saved, and that way, you know, I
Speaker 1: have a year to figure out what to do in
Speaker 1: case everything falls apart. So just to give you like
Speaker 1: a point of reference, we're not just talking about it.
Speaker 1: We'd be beat about it over here.
Speaker 3: All right, Molly More, I keep wanting to say, Molly Moore,
Speaker 3: it's just your children's books. Check it out mollymore dot com.
Speaker 3: I'm sure you have that domain. You probably have every
Speaker 3: donor for all of that.
Speaker 1: It's m A l I, you know, m A l
Speaker 1: I m mo r.
Speaker 3: If you want not forgotten about Molly Moore at all.
Speaker 3: Rio is almost old enough to not rip the pages
Speaker 3: in half, so I might need it to him soon.
Speaker 2: It's board books are bust right now. He is just.
Speaker 3: All right, miss Mollie. Thank you so much for your question.
Speaker 2: Again.
Speaker 3: If you guys want to leave us a question, you
Speaker 3: can hit us up, go to Brannambission podcast dot com
Speaker 3: and ask us anything, or direct message us on Instagram.
Speaker 3: We are at Brannambission Podcast on the Gram or Brown
Speaker 3: Ambission Podcast at emil dot com. Hey ba fan, we
Speaker 3: could not do this show without your support or the
Speaker 3: support of our team behind the scenes. The Brown Ambission
Speaker 3: Podcast is produced by Cumulus Podcast Network.
Speaker 2: It's edited by the.
Speaker 3: Wonderful Imani Crosby and produced by Tanya Bustos. Dennis Stimplinsky
Speaker 3: is our in house tech curu, and I am Bandy
Speaker 3: Woodard Santos your co host, and I will see y'all
Speaker 3: next week.