WEBVTT - BA Q&A: Should I Take Company Perks Right Before I Quit? 0:00:16.160 --> 0:00:16.920 Now is. 0:00:18.880 --> 0:00:21.880 The b a q wa the b a q a. 0:00:22.200 --> 0:00:25.400 I always forget the rhythm b A b a A 0:00:26.720 --> 0:00:31.120 the b a b q Oh maybe the seconds, sir, 0:00:31.760 --> 0:00:34.760 the b a q a. Okay, the b a q 0:00:35.000 --> 0:00:36.479 a anything. 0:00:36.479 --> 0:00:39.360 I'm basically likes apprentice right now. 0:00:39.920 --> 0:00:44.960 So we are here for b a q a, which 0:00:45.159 --> 0:00:47.519 means which means you, as Brianna Bische listener, you get 0:00:47.520 --> 0:00:50.840 ta ask your questions and Mandy and I get. 0:00:50.600 --> 0:00:51.839 To answer it. 0:00:52.040 --> 0:00:56.120 Not in an expertise type of way, in a girlfriend, 0:00:56.520 --> 0:01:00.279 hey girl, Hey ask somebody else additionally, who you are 0:01:00.320 --> 0:01:02.000 paying for their advice kind of way. 0:01:02.200 --> 0:01:03.960 Take it with a grain of salt, don't sue us 0:01:04.040 --> 0:01:04.760 kind of way. 0:01:04.760 --> 0:01:07.680 Like say, soomtie, who is listening to your phone conversation 0:01:07.800 --> 0:01:10.759 on the train and giving you unsolicited advice kind of way. 0:01:11.040 --> 0:01:12.440 Yes, But like at the end of the day, you 0:01:12.480 --> 0:01:14.600 got to be grown and you know, seek out professional advice. 0:01:14.760 --> 0:01:17.840 All right, So I'm a bad advice one. 0:01:18.360 --> 0:01:22.960 Okay. So Hi, my name is C, and I want 0:01:23.000 --> 0:01:25.240 to thank you for all the great advice that you give. 0:01:26.160 --> 0:01:29.480 C's question is what Tod be wise to withdraw from 0:01:29.480 --> 0:01:31.600 my four one K to pay off my credit cards? 0:01:32.200 --> 0:01:35.120 I was laid off over a year ago and finally 0:01:35.160 --> 0:01:38.240 started working again in March twenty twenty one. Because I 0:01:38.280 --> 0:01:40.800 was laid off, I racked up about eleven thousand dollars 0:01:40.840 --> 0:01:41.640 in credit card debt. 0:01:41.640 --> 0:01:43.440 I'm forty six and I'm. 0:01:43.319 --> 0:01:47.039 Really trying to be debt free by fifty minus the mortgage. 0:01:47.200 --> 0:01:49.320 My four one K is currently at two hundred and 0:01:49.400 --> 0:01:51.800 fifty K one thousand dollars for my last employer, A 0:01:51.840 --> 0:01:54.480 great job. I haven't rolled it over to my new 0:01:54.480 --> 0:01:58.680 employer yet, and I'm contributing to my new employers awesome. 0:01:59.240 --> 0:02:01.559 I'm trying not to depend on credit cards cash only, 0:02:01.880 --> 0:02:03.280 but last year stuck it did. 0:02:03.360 --> 0:02:03.720 See. 0:02:04.040 --> 0:02:07.920 Any advice will gladly be appreciated, and I know I'll 0:02:07.920 --> 0:02:09.440 have to pay a bunch of taxes. 0:02:09.840 --> 0:02:12.000 Thanks love y'all. Well, look as he already knows something 0:02:12.040 --> 0:02:13.040 what we was gonna say. 0:02:13.560 --> 0:02:23.240 Yeah, see, okay, what I was gonna say? Yeah, ah, 0:02:23.360 --> 0:02:26.400 you were I was because she has so much. 0:02:26.280 --> 0:02:27.600 In her four to one K already. 0:02:27.639 --> 0:02:29.320 I just feel like she's in a really good spot. 0:02:29.720 --> 0:02:32.079 But I also think eleven thousand dollars in the grand 0:02:32.120 --> 0:02:35.400 scheme of things, isn't a ton. And here's what I 0:02:35.440 --> 0:02:38.120 was gonna say, though, a withdrawal is different than what 0:02:38.160 --> 0:02:39.919 I was thinking. I was going to ask if you're 0:02:39.960 --> 0:02:43.040 eligible for a four to one K loan, because with 0:02:43.040 --> 0:02:44.800 a four to one K loan you do get the 0:02:44.840 --> 0:02:46.840 lump sum. And I have done this before for about 0:02:46.840 --> 0:02:48.520 the same amount of money. When we are doing a 0:02:48.560 --> 0:02:51.320 part of our renovation, we basically rain out of money 0:02:51.600 --> 0:02:53.880 toward the end of our initial renovation, rain out of 0:02:53.960 --> 0:02:56.400 cash money. And I did end up taking a ten 0:02:56.480 --> 0:02:59.320 thousand dollars four one K loan. And what I liked 0:02:59.320 --> 0:03:02.120 about that was my employer allowed me to do that, 0:03:02.280 --> 0:03:04.480 and I did pay some interest, but you pay it 0:03:04.520 --> 0:03:07.240 back to yourself and then I would just have my 0:03:07.600 --> 0:03:10.600 payments taken out of my paycheck starting from whenever you 0:03:10.639 --> 0:03:13.880 take out alone, and then it's not considered Yeah, and 0:03:13.919 --> 0:03:16.720 then it's not really a withdrawal where you have to 0:03:16.720 --> 0:03:20.760 pay the early withdrawal penalty plus taxes because it'll be 0:03:20.880 --> 0:03:25.440 considered a distribution with the traditional for one K. And 0:03:25.520 --> 0:03:30.200 my second thought was, is it a wroth because if. 0:03:30.040 --> 0:03:33.800 You have a row, like it, but explain the difference. 0:03:34.600 --> 0:03:37.080 Yeah, if you have a wroth, because with the wroth 0:03:37.120 --> 0:03:39.040 for a one K or a roth. I array you're 0:03:39.040 --> 0:03:41.960 putting in money after taxes are taken out, you can 0:03:42.000 --> 0:03:47.360 actually withdraw your contributions any old time. I believe you 0:03:47.760 --> 0:03:50.920 with just the contribution, not the growth though, but the contributions, 0:03:51.600 --> 0:03:54.720 not the gains. And I honestly think to have been 0:03:55.360 --> 0:03:58.880 unemployed for over a year, I don't think, you know, 0:03:59.200 --> 0:04:01.600 having just kind of left a place where I was 0:04:01.680 --> 0:04:04.720 getting paid steadily and you know, standing up my business, 0:04:04.720 --> 0:04:08.000 but then really living off of my emergency savings. I 0:04:08.040 --> 0:04:11.480 can see how quickly that could run out, especially over 0:04:11.520 --> 0:04:13.920 a year. And that was what was so devastating with 0:04:13.960 --> 0:04:16.800 the pandemic was you know, you say three to six 0:04:16.880 --> 0:04:19.480 months living expenses, saving your emergency fund, and then a 0:04:19.480 --> 0:04:21.320 pandemic is like, we're going to take away life for 0:04:21.400 --> 0:04:24.479 two years, and it's just too it's just too much. 0:04:25.440 --> 0:04:27.680 So I see how this happened. And I think the 0:04:27.720 --> 0:04:30.839 fact that you've you know, gotten new employment shows that 0:04:31.360 --> 0:04:35.360 you know, you are relatively stable professionally, so maybe you'll 0:04:35.360 --> 0:04:38.960 be working for a while. The one little caveat with 0:04:39.080 --> 0:04:43.039 a four to one k loan even is if you 0:04:43.120 --> 0:04:45.320 were to leave your job or they were to let 0:04:45.360 --> 0:04:48.560 you go, you could owe that money back. Pretty soon. 0:04:49.240 --> 0:04:52.120 I forget exactly the time window, but within a few 0:04:52.120 --> 0:04:56.640 months typically, So that's just something to consider as well. 0:04:57.480 --> 0:04:59.839 Now here's the thing. So I agree with me at first, 0:04:59.880 --> 0:05:03.159 I because say, Manny, we don't agree, but I just 0:05:03.680 --> 0:05:04.159 missed it up. 0:05:04.400 --> 0:05:04.960 For a while. 0:05:05.520 --> 0:05:09.760 I was like what because one, this is how she 0:05:09.760 --> 0:05:12.400 almost had me tricked. Because one, you know, especially at 0:05:12.440 --> 0:05:15.080 forty six, you know, overtirement's not that far off. 0:05:15.120 --> 0:05:18.000 So actually making a withdrawal is not something that I. 0:05:18.000 --> 0:05:20.279 Would want for you, because we want to make sure 0:05:20.320 --> 0:05:22.919 I like to call my old lady self, Wanda. We 0:05:23.000 --> 0:05:25.719 want to make sure that your retired self is being 0:05:25.760 --> 0:05:28.520 looked after. And you know, it's like I said, it's 0:05:28.520 --> 0:05:30.360 not around the corner, around the corner, but it's not too. 0:05:30.360 --> 0:05:31.120 Far down the road. 0:05:31.320 --> 0:05:33.159 So I wouldn't want you to make a withdrawal because 0:05:33.240 --> 0:05:35.839 you wouldn't really be withdrawing eleven thousand dollars. You have 0:05:35.880 --> 0:05:38.880 to withdraw more than that to really cover you know 0:05:39.480 --> 0:05:43.320 what you what your what your credit card debt is. 0:05:43.480 --> 0:05:45.799 Plus on top of that, you. 0:05:45.760 --> 0:05:49.000 Would miss out on the potential gains at that money 0:05:49.000 --> 0:05:51.599 that you're pulling out. You know, that would would be 0:05:51.640 --> 0:05:53.680 earning and it's a critical time right now for you 0:05:53.720 --> 0:05:57.280 to have those earnings. But to Mandy's point, taking out 0:05:57.279 --> 0:05:59.880 a loan from your four one k actually sounds better now. 0:06:00.040 --> 0:06:01.360 The only thing is this is the part that's a 0:06:01.360 --> 0:06:04.680 little trick ad that it's not my expertise, But her 0:06:05.040 --> 0:06:10.040 money is technically still with her old employer, So it's like, 0:06:10.080 --> 0:06:11.719 how do you take a loan? Because she's at a 0:06:11.760 --> 0:06:15.720 new employer now, so you would want to look into 0:06:15.760 --> 0:06:18.000 what does that look like? Are you rolling over to 0:06:18.200 --> 0:06:21.800 an external account or are you rolling over to your 0:06:21.839 --> 0:06:25.600 current employer's you know, like account. So that's where so 0:06:25.720 --> 0:06:28.159 I agree with Manny that yes, you know, taking on 0:06:28.200 --> 0:06:31.560 a loan is your better bet. But because you're kind 0:06:31.560 --> 0:06:34.000 of like in between, you'd have to ask you know, 0:06:34.080 --> 0:06:36.440 like HR or you'd have to ask your benefits department. 0:06:36.720 --> 0:06:38.640 What does that look like if I'm taking that a 0:06:38.640 --> 0:06:41.320 loan against this money? You know, do I take out 0:06:41.360 --> 0:06:42.560 a loan and keep it where it is? 0:06:42.640 --> 0:06:44.240 Do I roll it over? Then take that a loan? 0:06:44.839 --> 0:06:46.679 That would be like the only kind of like component 0:06:46.720 --> 0:06:49.159 that you want to get some additional information on. But honestly, 0:06:49.240 --> 0:06:51.960 you're rocking out two hundred and fifty thousand dollars set 0:06:51.960 --> 0:06:53.400 aside for your old lady's self. 0:06:53.839 --> 0:06:55.880 Great cee, you. 0:06:55.839 --> 0:06:59.120 Know, eleven thousand dollars in credit card debt after all 0:06:59.160 --> 0:07:02.520 of those shenanigans. Honestly, I ain't even mad at you, 0:07:03.000 --> 0:07:05.120 and I love the fact that you were cognizant that, 0:07:05.160 --> 0:07:06.120 like I know, I'm going to have to pay a 0:07:06.160 --> 0:07:08.120 bunch of taxes, you're not because we don't look at 0:07:08.120 --> 0:07:08.440 it loan. 0:07:08.920 --> 0:07:09.200 Okay. 0:07:09.400 --> 0:07:12.239 See, I'm so glad that you made that point, because 0:07:12.240 --> 0:07:15.320 you're right, I overlook that part, the fact that she's 0:07:15.320 --> 0:07:17.840 in between. So definitely I agree with you, Tiffany, look 0:07:17.840 --> 0:07:20.080 into the fine print whether you want to roll it 0:07:20.120 --> 0:07:23.120 over into a I don't know if if you roll 0:07:23.160 --> 0:07:25.240 it over into a brokerage account of your own, do 0:07:25.280 --> 0:07:27.880 they offer loans. I don't know exactly, and to look 0:07:27.920 --> 0:07:31.160 into that, but yeah, I love a question that makes 0:07:31.200 --> 0:07:33.720 me think really hard. Well, let's play pretend for a 0:07:33.720 --> 0:07:35.679 minute and pretend like she doesn't have a loan option. 0:07:36.280 --> 0:07:39.440 She only has the withdrawal option. So let's go back 0:07:39.480 --> 0:07:41.920 to the idea of it is a regular withdrawal, she 0:07:41.960 --> 0:07:46.160 would have to pay early withdrawal taxes and a penalty. 0:07:46.280 --> 0:07:48.760 Your point about having to take out more than eleven 0:07:48.760 --> 0:07:51.440 thousand dollars is really important because let's say your tax 0:07:51.520 --> 0:07:53.720 rate is twenty five percent, you almost need to add 0:07:53.760 --> 0:07:56.400 twenty five percent to that eleven thousand to know. 0:07:56.280 --> 0:07:58.680 That you're going to end up the penalty. What is 0:07:58.760 --> 0:07:59.160 the penalty? 0:07:59.160 --> 0:07:59.880 It's ten percent? 0:08:00.400 --> 0:08:02.680 Ten percent, yep, I believe. So yeah, so. 0:08:02.640 --> 0:08:04.560 About a third, you know, you could be looking at 0:08:05.360 --> 0:08:10.480 like fourteen or fifteen thousand dollars, yes, yeah, which is 0:08:11.600 --> 0:08:14.680 a lot from your future, Wanda, from your future, ce 0:08:14.840 --> 0:08:16.080 your future, see yourself. 0:08:15.880 --> 0:08:17.880 Because it's not really just a let's just say fifteen 0:08:17.880 --> 0:08:20.680 thousand to really cover the eleven. It's not just fifteen. 0:08:21.160 --> 0:08:25.000 It's fifteen thousand dollars that is no longer growing. So 0:08:25.360 --> 0:08:28.360 it's the missing out of the fifteen to get rid 0:08:28.360 --> 0:08:31.120 of eleven and the fifteen that might have made you 0:08:31.160 --> 0:08:34.600 an additional five, six, ten thousand dollars down the line 0:08:34.960 --> 0:08:37.000 that you're not going to have access to as a 0:08:37.000 --> 0:08:38.280 result of it being gone. 0:08:38.440 --> 0:08:39.640 So it's a lot of money. 0:08:40.200 --> 0:08:43.040 It's almost like you ever hear old people say, don't 0:08:43.080 --> 0:08:46.120 go bad after good or good after bad, you know 0:08:46.160 --> 0:08:48.720 what I mean. So it's like, you know, some one 0:08:48.720 --> 0:08:50.599 of those things. Basically, it's like, is it good to 0:08:50.640 --> 0:08:53.559 pay for your credit card debt? Absolutely, but you might 0:08:53.640 --> 0:08:56.320 end up losing out, Like to pay off eleven thousand, 0:08:56.400 --> 0:09:01.160 you might lose twenty, So it's like that's not you know, 0:09:01.880 --> 0:09:03.520 is there another favorite options? 0:09:03.840 --> 0:09:06.840 Yes? Like, for example, are there options like? 0:09:07.360 --> 0:09:09.480 Credit unions are our favorite place for people to borrow 0:09:09.559 --> 0:09:13.680 money from because many credit unions are nonprofit based, meaning 0:09:13.720 --> 0:09:17.240 that their interest rates are much more favorable for people 0:09:17.240 --> 0:09:18.120 who are wanting to borrow. 0:09:18.480 --> 0:09:19.240 So do you do? 0:09:19.360 --> 0:09:21.719 I don't know how this credit card is. Is it 0:09:21.800 --> 0:09:24.000 set up a series of credit cards or whatever? Can 0:09:24.080 --> 0:09:26.440 you do a consolidation loan with a credit union or 0:09:26.640 --> 0:09:29.080 just borrow from more credit union at a lower interest 0:09:29.120 --> 0:09:30.280 rate than what you currently own? 0:09:30.400 --> 0:09:33.160 Is that a possibility? Yeah? Absolutely? 0:09:33.600 --> 0:09:36.200 Or get a zero percent if your credit is still good, 0:09:36.240 --> 0:09:38.160 if you've been making your payments on time, it should 0:09:38.160 --> 0:09:40.440 be relatively good. And mean, I don't know, it's hard 0:09:40.480 --> 0:09:42.480 to answer without all your information, but let's say you 0:09:42.520 --> 0:09:45.240 have a really you have above seven hundred credit score, 0:09:45.559 --> 0:09:48.880 could you qualify for a zero percent balance transfer credit 0:09:48.880 --> 0:09:52.040 card which would help you take that balance transfer to 0:09:52.120 --> 0:09:55.160 zero percent? And then since you're now employed, you could 0:09:55.160 --> 0:09:57.679 be making contributions and paying that debt down within the 0:09:57.760 --> 0:10:00.199 next year. You know, could you avoid could you afford 0:10:00.200 --> 0:10:02.800 to make about a thousand dollars payments a month or 0:10:02.800 --> 0:10:05.520 a little bit less depending on the terms to pay 0:10:05.520 --> 0:10:11.760 that off. It's yeah, there's all these different options. There's 0:10:11.920 --> 0:10:13.880 I think you mentioned the credit you know, getting a 0:10:13.920 --> 0:10:16.960 loan from a credit a credit union, which you know, 0:10:17.040 --> 0:10:19.000 a debt consolidation loan where you could just pay that 0:10:19.040 --> 0:10:19.840 off and then you pay. 0:10:19.720 --> 0:10:20.120 It in stall. 0:10:20.280 --> 0:10:22.319 As a house, if you have a house, you might 0:10:22.320 --> 0:10:24.720 be able to get a home reline of credit to equity. 0:10:25.600 --> 0:10:27.120 That's not my favor. I'm not gonna lie. 0:10:27.240 --> 0:10:29.520 Well, it puts you it's what they call it a 0:10:29.559 --> 0:10:33.080 second mortgage. It's it's another lean on your home. So 0:10:33.559 --> 0:10:35.200 if you were unable to pay it back, then you 0:10:35.200 --> 0:10:39.240 could lose your home potentially. You know the most about 0:10:39.240 --> 0:10:43.400 your financial your professional picture, and how secure this job is, 0:10:43.440 --> 0:10:45.800 I mean a job is you know, I don't know 0:10:45.840 --> 0:10:48.320 what kind of industry or anything like that. But if 0:10:48.360 --> 0:10:52.080 you feel super secure in your job and having that 0:10:52.280 --> 0:10:55.240 source of income moving forward, you know, you may take 0:10:55.280 --> 0:10:57.160 an option where you're able to pay the debt off 0:10:57.200 --> 0:11:00.320 with a lower interest or is no interest option like 0:11:00.360 --> 0:11:03.439 a personal loan or a zero percent balance transfer credit card, 0:11:03.920 --> 0:11:06.160 and then know that you'll be able to pay off 0:11:06.200 --> 0:11:12.120 those payments in the future while hopefully rebuilding your emergency fund. 0:11:12.840 --> 0:11:14.880 I'm assuming that you blew through your cash and that's 0:11:14.880 --> 0:11:16.600 why you came up with that eleven thousand dollars in 0:11:16.640 --> 0:11:19.760 credit card debt, which is completely understandable given the time 0:11:20.520 --> 0:11:21.480 that you're out of work. 0:11:22.679 --> 0:11:25.400 So also in the bad situations, it is a juicy one. 0:11:25.400 --> 0:11:27.319 So we've given you some great things to think about. 0:11:27.480 --> 0:11:30.520 C Yeah, she's like, damn it. I wanted one option. 0:11:30.920 --> 0:11:34.480 I wanted got it. 0:11:35.559 --> 0:11:38.040 Hopefullies are helpful to you. We have, we had a 0:11:38.040 --> 0:11:40.120 lot of good questions. We have to really shake up 0:11:40.120 --> 0:11:45.640 the bag, shake it, shake it. So this one's a 0:11:45.679 --> 0:11:47.760 little different, man, do you want to read that one? 0:11:48.200 --> 0:11:50.120 I would love to this says hello. 0:11:50.200 --> 0:11:51.960 I would like to remain anonymous, and I have a 0:11:52.000 --> 0:11:55.920 question about tapping into professional development funds at work. I 0:11:56.040 --> 0:11:59.359 recently was selected to participate in a one week fellowship 0:11:59.400 --> 0:12:02.040 to enhance my career. I would need to use my 0:12:02.080 --> 0:12:05.360 personal vacation time and pay for my travel It's been 0:12:05.400 --> 0:12:08.400 suggested that I ask my employer to cover both. The 0:12:08.520 --> 0:12:11.480 issue is I've been exploring other jobs, and I feel 0:12:11.480 --> 0:12:15.239 confident that I'll have another job offer very soon, potentially 0:12:15.280 --> 0:12:18.560 before I attend this fellowship. My question is, if I 0:12:18.600 --> 0:12:20.680 know that I'm potentially leaving within the next thirty to 0:12:20.760 --> 0:12:23.920 sixty days, is it in bad form to also take 0:12:23.960 --> 0:12:28.320 advantage of professional development funding? For a reference, my industry 0:12:28.400 --> 0:12:29.880 is a small world. 0:12:30.840 --> 0:12:34.560 Content my baby town. As an employee, myself diet the 0:12:34.559 --> 0:12:36.559 whole foot in. If someone did this to me, I'd 0:12:36.559 --> 0:12:38.559 be pissed there. 0:12:39.000 --> 0:12:44.640 I'd be like, hey, you know you, you know you, 0:12:45.160 --> 0:12:47.720 I'm paying for you to go. I'm just like, like, 0:12:47.880 --> 0:12:51.000 I imagine they're like, oh, hey, my Coeo sending her 0:12:51.040 --> 0:12:53.840 to Coo school and she's you know, and then thirty 0:12:53.920 --> 0:12:57.199 days later, before she's even finished with her professional donment, 0:12:57.320 --> 0:12:59.239 she's like, I'm out while I'm still. 0:12:59.000 --> 0:13:00.560 Paying on the training. 0:13:01.600 --> 0:13:04.200 Especially because sometimes I'm not gonna lie. Some of these 0:13:04.200 --> 0:13:06.040 employers out here be trash or you just trash them 0:13:06.120 --> 0:13:10.240 right back. But especially if it's a small industry where 0:13:10.240 --> 0:13:11.160 it's like I'm gonna. 0:13:10.960 --> 0:13:12.760 See you since in these streets I. 0:13:12.840 --> 0:13:15.120 Must see you in this employment streets, you want to 0:13:15.160 --> 0:13:17.160 be mindful. Like one of my sisters works in the 0:13:17.160 --> 0:13:21.520 pharmaceutical industry, and she said she literally was interviewed. So 0:13:21.840 --> 0:13:25.480 she had an internship in New Jersey at janj And 0:13:25.559 --> 0:13:28.840 then years later when she her husband is as a 0:13:28.840 --> 0:13:32.480 doctor and he got placed or whatever in Chicago, she 0:13:32.640 --> 0:13:35.240 was interviewing at a place in Chicago, and one of 0:13:35.240 --> 0:13:37.440 the women that were interviewing her, it was one of 0:13:37.520 --> 0:13:40.360 somebody she had an internship with when she was in 0:13:40.600 --> 0:13:41.079 New Jersey. 0:13:41.200 --> 0:13:41.840 She's like, oh my gosh. 0:13:41.800 --> 0:13:43.720 So they got along famously. I think she got the job. 0:13:44.280 --> 0:13:47.120 But she was like, wow, it's such a small world 0:13:47.240 --> 0:13:52.480 in pharma, especially black pharma, and so just keeping that 0:13:52.559 --> 0:13:55.720 in mind that like you want to be mindful because one, 0:13:55.960 --> 0:13:58.880 you know, like unless your employer was trash and even 0:13:58.880 --> 0:14:01.600 still you wouldn't be mindful, then you won't you know, 0:14:01.840 --> 0:14:03.640 I don't know that i'd want to do that. But too, 0:14:03.679 --> 0:14:05.800 if it's a small world, it's going to get out 0:14:05.960 --> 0:14:09.040 and you don't know who knows who and who was like, 0:14:09.360 --> 0:14:12.160 she's headed your way, yeah, the thief, she's coming. So 0:14:13.720 --> 0:14:15.240 and I think you kind of know that because you're like, 0:14:15.640 --> 0:14:16.599 keep me anonymous. 0:14:18.600 --> 0:14:21.280 I think you know the answer to this question absolutely. 0:14:21.360 --> 0:14:23.400 And you know what if your job is smart, what 0:14:23.400 --> 0:14:25.600 they're going to do if they if they agree to 0:14:25.600 --> 0:14:27.320 cover your expenses, what they're going to do is they're 0:14:27.320 --> 0:14:29.520 going to make you feel out a form that says 0:14:29.640 --> 0:14:32.200 you agree to stay with them or repay them if. 0:14:32.080 --> 0:14:33.520 You leave within a certain amount of time. 0:14:34.360 --> 0:14:38.520 That is very common, from everything from student loan reimbursement 0:14:38.600 --> 0:14:44.360 to tuition reimbursement to even my maternity leave my last company, 0:14:44.600 --> 0:14:47.080 I had to sign a waiver that if I accepted 0:14:47.200 --> 0:14:49.600 maternity leave, I would have to stay with them for 0:14:49.640 --> 0:14:52.320 at least a year. And I remember when I actually 0:14:52.400 --> 0:14:56.760 left my company. I was at the eleventh month mark 0:14:56.960 --> 0:14:59.760 from when I actually took maternity leave. I think my 0:14:59.840 --> 0:15:02.600 life fast day was February, well maybe like eleven and 0:15:02.640 --> 0:15:04.840 some change. I wasn't quite there, and I was like, 0:15:05.160 --> 0:15:06.280 how petty are they going to be? 0:15:06.360 --> 0:15:10.360 They won't that petty. What I also realized being. 0:15:10.240 --> 0:15:14.760 A senior manager is how much those little quid pro 0:15:14.920 --> 0:15:17.520 quos and caveats you really have to piss people off 0:15:17.520 --> 0:15:20.760 for them to actually enforce us. So be nice is 0:15:21.000 --> 0:15:23.480 again the most important career advice I can ever get 0:15:23.480 --> 0:15:25.680 but anyway, so that's something to think about too, is 0:15:25.720 --> 0:15:27.800 what strings will be attached to the money if you 0:15:27.840 --> 0:15:30.840 do ask for it. But honestly, if this is really 0:15:30.880 --> 0:15:33.040 important to your overall career and it's something that you 0:15:33.080 --> 0:15:34.760 want to do and you're going to leave your employer, 0:15:34.840 --> 0:15:36.800 then I think it's the responsible and ethical thing to 0:15:36.800 --> 0:15:40.960 do is for you to bankroll it yourself or negotiate 0:15:41.040 --> 0:15:43.440 a little bit of a sign on bonus from your 0:15:43.440 --> 0:15:46.800 future employer and say, you know, I'm going to use 0:15:46.800 --> 0:15:49.720 this or will you cover my expenses for this upcoming 0:15:49.720 --> 0:15:52.480 fellowship and maybe the timing will work out and you 0:15:52.520 --> 0:15:55.280 can get both from your new employer. 0:15:56.200 --> 0:15:58.600 Yeah, you want to keep it keeped. 0:15:58.640 --> 0:16:02.720 Yes, it can be anonymous, but show you the shady thing. 0:16:06.000 --> 0:16:09.160 Your questions are always amazing. We had a lot of 0:16:09.200 --> 0:16:12.400 questions this time. Keep them coming so you can ask 0:16:12.400 --> 0:16:14.480 those questions personal finance questions. 0:16:14.480 --> 0:16:16.120 What other kind of questions mandra. 0:16:16.440 --> 0:16:25.800 Career relationship, business questions, business entrepreneurship, Yes, texas with the 0:16:25.840 --> 0:16:33.360 lowercase T. Yeah, friendship with good friendship questions. I'll never 0:16:33.400 --> 0:16:35.280 forget the person who asked it's hard for me to 0:16:35.320 --> 0:16:37.320 make friends in my forties how do you do that? 0:16:37.600 --> 0:16:41.800 Oh yeah, uh yeah, and don't forget that we have 0:16:41.880 --> 0:16:45.840 an upcoming special coming. You may get to actually be 0:16:46.000 --> 0:16:49.760 here live in our virtual studio audience, which means keep 0:16:49.760 --> 0:16:52.520 an eye on our socials, especially ig. We may be 0:16:52.640 --> 0:16:56.000 asking you to submit questions and potentially giving you an 0:16:56.040 --> 0:17:00.120 opportunity to be here in our virtual studio. So if 0:17:00.120 --> 0:17:02.200 your eyes peeled, I would love to take some question. 0:17:02.240 --> 0:17:05.760 We'd love to take for questions live on an upcoming episode. 0:17:06.080 --> 0:17:08.080 Yeah, and in the meantime, we might even you know, 0:17:08.240 --> 0:17:11.119 there might be some swag opportunities to win some swaggy things. 0:17:11.240 --> 0:17:14.280 You never know, waiting a little little swaggy from time 0:17:14.320 --> 0:17:19.199 to time. Yes, but if you have questions, certainly email 0:17:19.280 --> 0:17:22.560 us to go to Brown Andbision podcast dot com and 0:17:22.640 --> 0:17:25.760 email us at Brownibision Podcasts at gmail dot com. 0:17:26.119 --> 0:17:27.520 Yes, you know what else? 0:17:27.560 --> 0:17:27.960 Do you see? 0:17:27.960 --> 0:17:29.600 How I don't know you know what it is? 0:17:29.640 --> 0:17:31.200 You know what it is with my brain is that 0:17:31.280 --> 0:17:33.840 if I if I'm making a thing like Tiffany, like 0:17:33.880 --> 0:17:35.840 it's like back there just simmering, and if I just 0:17:35.840 --> 0:17:37.399 say just say it, just let it flow. But if 0:17:37.400 --> 0:17:38.119 I'm like, wait, what's it? 0:17:38.160 --> 0:17:38.480 What is it? 0:17:38.520 --> 0:17:38.800 What is it? 0:17:38.840 --> 0:17:39.760 What is it? Bitanic? 0:17:40.560 --> 0:17:42.840 It's like, for example, I can't remember the IG and 0:17:42.880 --> 0:17:44.359 I'm like if I was just like, you know, if 0:17:44.359 --> 0:17:46.840 I just said it, but right now, because I'm panicking, 0:17:46.880 --> 0:17:47.760 my brain is like it's. 0:17:47.600 --> 0:17:49.280 Gone, Tiffany, just let it flow. 0:17:50.000 --> 0:17:53.159 So share this podcast in your group, chat with at 0:17:53.240 --> 0:17:56.840 least two to three other people. Literally, if there's an 0:17:56.840 --> 0:17:58.920 episode you love, grab the link and be like, y'all 0:17:58.920 --> 0:18:01.800 need to listen to this, or hey, sissy pooh, remember 0:18:01.800 --> 0:18:03.359 that time you asked me that question about the thing 0:18:03.400 --> 0:18:05.480 I didn't know about? They answered it on the on 0:18:05.640 --> 0:18:08.840 the b of the a, you know, and so the 0:18:08.920 --> 0:18:14.320 t NBM answered it. So share and yeah, we just 0:18:14.359 --> 0:18:16.200 love I know, we have a lot more new listeners 0:18:16.240 --> 0:18:19.639 and we're loving it. So stay cute and close with 0:18:19.720 --> 0:18:20.879 us because you know we love y'all. 0:18:21.320 --> 0:18:23.640 Can I do a quick correction before we close out? 0:18:23.960 --> 0:18:26.640 Last week on a show, I shouted out listener Bridget 0:18:26.720 --> 0:18:29.600 who does not exist. What I meant to say was Shakira, 0:18:30.280 --> 0:18:33.639 listener Shakira who turned her friend onto the show, and 0:18:33.680 --> 0:18:35.639 he was like in my DMS the day that the 0:18:35.880 --> 0:18:38.160 episode dropped and was like, I know you said, Bridget, 0:18:38.200 --> 0:18:40.919 but you meant Shakira, I believe it you and he 0:18:41.080 --> 0:18:43.440 was so nice about it. I was like, what does 0:18:43.480 --> 0:18:46.439 it not even in the same country of like the 0:18:46.480 --> 0:18:51.000 same universe of names that my hips don't lie and 0:18:51.000 --> 0:18:52.120 and thank Shakira. 0:18:55.160 --> 0:18:57.159 But I hope I got that right. Yo, that is 0:18:57.240 --> 0:18:57.560 a lot. 0:18:57.640 --> 0:18:59.359 I know he's gonna be like one more game if 0:18:59.359 --> 0:19:02.080 you don't. Oh yes, I hope you got that right too. 0:19:02.160 --> 0:19:03.400 Oh manor I love you girl. 0:19:03.400 --> 0:19:04.760 You're so crazy. 0:19:05.160 --> 0:19:08.440