Speaker 1: So we are back. We are back, we are black,
Speaker 1: we are brand ambition. It's Tiffany, It's Mandy good.
Speaker 2: Day, wow, epic jazz hands. Also, was that the tune
Speaker 2: of Bee?
Speaker 1: Yes? Okay? Good?
Speaker 2: Were you also thinking about Beauty and the Beast randomly today?
Speaker 2: Because I found myself thinking about it a lot today
Speaker 2: And what a busted story that is for young girls.
Speaker 1: You know what? I was thinking about it because I
Speaker 1: was thinking about as reading an article right before we
Speaker 1: got on that incident with the woman walking her dog.
Speaker 1: Oh yeah, Karen Central Park Karen hashtag single park Karen. Yes, Wow, wow, wow, wow,
Speaker 1: wow wow.
Speaker 2: Can we not get through a national holiday without without
Speaker 2: a story? This is so sad and the fact that
Speaker 2: it happened in New York to racism or Karens. A
Speaker 2: lot of Karens move here from other places, you know,
Speaker 2: to fulfill their dream their dreams. It puts them in
Speaker 2: the path with a lot of brown people and then
Speaker 2: we have these situations. So but yeah, what a should show.
Speaker 2: Let's talk about it. Yeah, let's also talk about the
Speaker 2: connection between that and Beauty and the Beast for a second.
Speaker 1: Well, because I was thinking to myself, like, she's in
Speaker 1: the that she was in the woods. Like it literally
Speaker 1: was like still on my computer. So I just was
Speaker 1: thinking like she was in the woods and I don't know,
Speaker 1: and it just had me thinking like be I guess,
Speaker 1: you know, just so many leaps that my brain made.
Speaker 2: But I mean, I'm with you on the journey, even
Speaker 2: if I don't know where we're going. I'm always with you,
Speaker 2: ride or.
Speaker 1: Die, tip a. But honestly, she could not have except
Speaker 1: she has the beast for the pack of wolves, and
Speaker 1: he's like Bell, Yes, exactly, he's the bell in the analogy.
Speaker 2: I'm with you now, gotcha?
Speaker 1: Because I'm just like, ma'am, it's just and you know what,
Speaker 1: I guess what really is? Well, let's just say because
Speaker 1: not everybody knows. So there's a woman named Amy Cooper
Speaker 1: because black Twitter has done its hissing, and they found
Speaker 1: that woman within twenty four hours, and I fired, Wait,
Speaker 1: I mean, could they erase student alone that? Because black Twitter,
Speaker 1: y'all just do what to do all the things?
Speaker 2: Girl lost her job, her livelihood. Has issued an apology
Speaker 2: that's from like what the headline in the New York
Speaker 2: Times has changed like ten times today to update the story.
Speaker 1: Yes, and then gave her dog back to the to
Speaker 1: the shelter. So apparently she was in this place called
Speaker 1: I've been I've been to Sycho Potential Park before, but
Speaker 1: there's a section called the Ramble, which I guess is
Speaker 1: specifically known for bird watching, and you were supposed to
Speaker 1: put your your dog on a leash, which sounds reasonable
Speaker 1: because you know people. And so a gentleman named Christian
Speaker 1: who was bird watching asked her to put her dog
Speaker 1: on a leash, and Amy became enraged because how dare
Speaker 1: you tell her what to do? Begins to I guess
Speaker 1: rate him and quickly realizes, she know what, I don't
Speaker 1: have to do whatever you want. I'm actually going to
Speaker 1: call the police and I'm going to say, She literally
Speaker 1: says with her mouth, do you know the level like
Speaker 1: this is peak Karen level that you are literally being recorded.
Speaker 1: You can see it and for you to say, watch
Speaker 1: what I do as you record me, I'm going to
Speaker 1: call the police and say an African American man is
Speaker 1: threatening my life. She's saying this Basically, I'm gonna see
Speaker 1: if I can get you potentially hurt. Today.
Speaker 2: It almost she seemed like a threat, didn't it, Like
Speaker 2: I'm gonna make sure to tell them you're African Americans,
Speaker 2: so that they come with their guns. Ready, That's what
Speaker 2: and I'm reading I'm reading into it, but it seemed
Speaker 2: like that was the truth threat, not just that I'm
Speaker 2: gonna call the cops, but I will let them know
Speaker 2: of course, that you're a man.
Speaker 1: Well, the fact that she said, because who says an
Speaker 1: African American man? Like if it was just a regular
Speaker 1: she would have just want, like, I'm gonna tell a
Speaker 1: place a guy threatening me. But the fact that she
Speaker 1: said an African American man, it was very much can
Speaker 1: from across the street. Remember I told you, remember we
Speaker 1: talked about how yes, my my husband's twin. Yeah, very
Speaker 1: much like call the police. That's what that was. It
Speaker 1: was weaponizing whiteness. She knew exactly what she was doing,
Speaker 1: and she knew that he knew what that meant like,
Speaker 1: and she says like, like, I guess she you know,
Speaker 1: she's issued a weak apology. Basically, she's like, I was
Speaker 1: I was afraid that. Did you watch the video? She
Speaker 1: didn't look afraid to me. She looked very much in charge. Yeah,
Speaker 1: I was afraid. It picked up.
Speaker 2: It picked up right when he started after after the
Speaker 2: beginning of the altercation when he asked her to put
Speaker 2: the dog on the leash any because it's him recording.
Speaker 2: That's that's the footage that's been released, nothing from her phone.
Speaker 2: I felt so bad for the dog because she's just
Speaker 2: yanking the dog's collar, holding onto the dog by the
Speaker 2: collar as she's frantically dialing for the police. And that
Speaker 2: poor dog, no wonder she had to give up ownership.
Speaker 2: That dog choked to death.
Speaker 1: Yes, I was looking like, ma'am, you are so so
Speaker 1: concerned with trying to get this man in trouble that
Speaker 1: you are literally killing your dog. That dog was like, Amy,
Speaker 1: I didn't do it, Amy, I can't believe. I can't breathe. Yes,
Speaker 1: oh yeah.
Speaker 2: And and the fact that this guy he the reason
Speaker 2: I think this is what triggered well, I don't know.
Speaker 2: It's all like, you know, we're all just reading between
Speaker 2: the lines or trying to make the story hole in
Speaker 2: our heads because all we have is the video. And
Speaker 2: then Christian wrote a Facebook post, which is where the
Speaker 2: story's coming from. But he said that he keeps dog
Speaker 2: treats in his pockets because he's such an avid birdwalker,
Speaker 2: and he runs into the situation a lot where people
Speaker 2: are not putting their dog on the leash, and so
Speaker 2: he keeps treats in his pocket just in case, which
Speaker 2: is very smart, in case a dog runs up on you,
Speaker 2: as they do, and you're afraid and you want to
Speaker 2: just like, you know, distract the dog or even I
Speaker 2: think he was trying to prove a point to her
Speaker 2: that if your dog's not on a leash, then cool,
Speaker 2: I'm gonna give him a retreat and he's gonna wander
Speaker 2: over here, and then what are you gonna you know? So,
Speaker 2: and he needs a known he's like president of some society.
Speaker 2: He's a known launcher.
Speaker 1: She literally chose the absolute worst worst the word I mean,
Speaker 1: Harvard graduate. He didn't need to be a Harvard graduate.
Speaker 1: But aren't we all just glad that I am he
Speaker 1: shouldn't have to be. But the fact that he's literally
Speaker 1: a Harvard graduate, he is an ex Marvel connic book
Speaker 1: editor president, I'm like you. The fact that that even
Speaker 1: is important, that she can look at him and be like,
Speaker 1: let me turn on my my my fake tears, okay,
Speaker 1: hold on, hell, I was like, what, okay, cool?
Speaker 2: He might have had a better chance of surviving an
Speaker 2: altercation with the police than someone like my dad, a
Speaker 2: black bus driver, working class from Atlanta, who doesn't speak
Speaker 2: like a Harvard graduate, but like that could easily. I
Speaker 2: always put my dad in their shoes, and I get
Speaker 2: so mad. I just don't understand how doing of mental leaps,
Speaker 2: How does it go? Where does the Karen, Where does
Speaker 2: it come from?
Speaker 1: Why?
Speaker 2: How do you What is it about society that has
Speaker 2: told white women in this moment that they need to
Speaker 2: escalate it to that level and put just for their
Speaker 2: own safety, you know, like where where? And I'm not
Speaker 2: trying to say that she's not responsible for her actions,
Speaker 2: which she absolutely is. But this is a common theme.
Speaker 2: And it's ironic because I had just I had just
Speaker 2: watched on Facebook they had rerun this Ted talk that
Speaker 2: Baratunde Thurston had given and he's this he's a pretty
Speaker 2: well known writer, and he did. He gave a Ted
Speaker 2: talk on exactly this kind of situation, why you call
Speaker 2: the cops, and how you can change your actions and
Speaker 2: not escalate it to that level. And what happens when
Speaker 2: you do call the cops. It puts, you know, it
Speaker 2: puts the person on the other side of it in
Speaker 2: direct danger for their life. And I encourage you all
Speaker 2: to to check out that Ted talk. But I just
Speaker 2: watched it and I'm just like, yeah.
Speaker 1: I mean, well yeah, I just the thing is she
Speaker 1: knew she knew exactly what she was doing. It just
Speaker 1: doesn't know about the internet. Yeah of course. I mean
Speaker 1: this is a woman who I forget what she did,
Speaker 1: but she she an educated woman with a high level
Speaker 1: position at Franklin Templeton. I heard that, Oh my goodness, yes,
Speaker 1: I believe so. And then they heard that so many
Speaker 1: people were on the site today complaining that they crashed
Speaker 1: their site, I know, Frankslin Templeton. That was like, what
Speaker 1: in the social justice movement? Yeah, but you know, black
Speaker 1: Sweater's undefeated. They're not just here from memes, Okay, they
Speaker 1: are undefeated. What I was like, how did they find her?
Speaker 1: Apparently one of the ways they were able to find
Speaker 1: her is that I guess she hired dog walkers, right, Yeah,
Speaker 1: dog walker turned over.
Speaker 3: Her.
Speaker 1: That's what happened. When you know the dog walker was
Speaker 1: like the dog walker probably was like I know that
Speaker 1: dog Yeah exactly, you know, but yeah, it's just that yeah,
Speaker 1: and she's like her life is ruined. But I'm like, yeah,
Speaker 1: but what, here's the thing. What was your intention was
Speaker 1: it to ruin his? Look what you know, like crime
Speaker 1: me a river? If you would have won, if you
Speaker 1: would have if he would have recorded you, and they
Speaker 1: would have come and roughed him up, Like what was
Speaker 1: your actual intention? And now that literally you dug this
Speaker 1: grave for this man and you fell in it. Now
Speaker 1: it's like help, No, I honestly don't feel pity for her.
Speaker 1: Where are the thing?
Speaker 2: And hopefully in white women tears, Yeah, that's always what
Speaker 2: comes next, because it's a tearful apology, you know, distract
Speaker 2: us from the fact that you know, look all innocent
Speaker 2: and I'm just a woman, and you know I never
Speaker 2: met any harm. What doesn't matter. You picked up a
Speaker 2: load the gun almost And that's the sad truth. And
Speaker 2: she's the way that she said it just leads me
Speaker 2: to believe that not only does she is she aware
Speaker 2: of these situations as they happen and the danger that
Speaker 2: it poses to to people of color, not just African Americans,
Speaker 2: but especially African Americans, but she she knew that because
Speaker 2: the way that she said it told me that she
Speaker 2: knew what she was doing was extra dangerous for him
Speaker 2: as an African American.
Speaker 1: Look at the past.
Speaker 2: That's like attempted assault or something, and you need to
Speaker 2: start the police needs to push press charges at a minimum,
Speaker 2: because she could have endangered his life. You know, he
Speaker 2: might have been reaching for dog treats and someone would
Speaker 2: have thought it was a gun.
Speaker 1: Exactly. It's absolutely heartbreaking.
Speaker 2: But I'm glad in this case, and I'm glad in
Speaker 2: this instance it ended up on the right side. At least,
Speaker 2: you know, no wrong, no harm came to him and she,
Speaker 2: you know, I don't wish anyone ill, but at least she,
Speaker 2: you know, wasn't rewarded for her ignorance.
Speaker 1: Exactly.
Speaker 2: I don't want someone to lose her job like that.
Speaker 2: You can debate whether that's what she deserved or not,
Speaker 2: but I would rather she was arrested for attempted assault
Speaker 2: or something like that based on how she how she
Speaker 2: threatened him.
Speaker 1: I would like to add that to that. Yeah, please,
Speaker 1: I would like to add that on top of the
Speaker 1: and it's okay.
Speaker 2: So I live in the suburbs of New York City,
Speaker 2: about thirty minutes outside of New York City, So I
Speaker 2: ride the commuter train and to work. I mean I
Speaker 2: used to when months ago, when that used to happen.
Speaker 2: People rode trains to work or went to work at all.
Speaker 2: And this is the kind of like the number of
Speaker 2: times like let you make a one make let you
Speaker 2: sneeze in the quiet car, just I dare you to
Speaker 2: sneeze in the quiet car on the way to work
Speaker 2: on the commuter trail, the Metro North, because there are
Speaker 2: it's full of Karen's. And what's the male equivalent of Karen?
Speaker 2: Did we say Keith? It's full of it can be
Speaker 2: Keith for us, because that's your neighbor. And if you
Speaker 2: don't know what we're talking about, go last week listen
Speaker 2: to the show. It is full of Keith's and Karen
Speaker 2: who loved to who loved to correct one another. Sir,
Speaker 2: it's the quiet car, Sir, ma'am, it's the quiet car.
Speaker 2: And I've seen people like snip at each other like that,
Speaker 2: white people snipping at white people for breaking the rule
Speaker 2: in that way, and they, you know, they get very
Speaker 2: excited about being able to call someone out. But the
Speaker 2: difference is like, how dare he be a black man
Speaker 2: and do the same thing that I'm sure you know
Speaker 2: every like I'm sure she would have done in that situation,
Speaker 2: And That's what it's about. It's not it's not that
Speaker 2: you know, it's whether or not he was wrong or right.
Speaker 2: It's the fact that he has the balls, he has
Speaker 2: the audacity to come to her, a white woman, and
Speaker 2: try to correct her, because that is not acceptable. But
Speaker 2: it's perfectly fine every day on the train, and and
Speaker 2: I know one day on the train, I'm sure if
Speaker 2: there's well, the train that I ride is not super diverse,
Speaker 2: but I'm sure if it was that situation and there
Speaker 2: was you know, a Keith or Karen and then Christian
Speaker 2: Cooper on the train and he, you know, he had
Speaker 2: the audacity to try and correct them, it might have
Speaker 2: happened on that train too. It's it's a problem that
Speaker 2: I don't know how to solve it.
Speaker 1: It needs to be a crist Yeah. This, thank god
Speaker 1: for just video and thank god that he you know
Speaker 1: that Christian kept his his wits about him. And thank
Speaker 1: god for christian sister because she posted it on Twitter.
Speaker 1: Oh she did, okay mm hm, because he was he
Speaker 1: didn't think he's like, honestly, it's from what I'm reading,
Speaker 1: it didn't seem like he thought much of it because
Speaker 1: it didn't end poorly. But I guess he showed his sister.
Speaker 1: She said, Oh, we're not going to do is you know?
Speaker 1: She said, let me get my homies on Twitter. Twitter,
Speaker 1: there's there's nothing but space, time and opportunity on Twitter.
Speaker 1: Black Twitter is like we've been home all day. Oh oh,
Speaker 1: there's a mystery that needs to be solved.
Speaker 2: Right, nothing but time to to scroll into to reach
Speaker 2: tweet and h a damn bird water?
Speaker 1: Could he be doing anything lessing?
Speaker 2: Not that he needed to, but like, but could he
Speaker 2: be doing anything more innocent and adorable damn birds?
Speaker 1: Oh yeah, trying to find out you already know, which
Speaker 1: is so crazy because you already know. They try to
Speaker 1: do some digging, like maybe he maybe he'd sells drug
Speaker 1: something that we can make.
Speaker 4: It like Harvard graduate. No, actually, no, Marvel comic editor.
Speaker 2: No speeding tickets, parking tickets. It's pathetic. He should he
Speaker 2: should have been able to be an ex convict, like
Speaker 2: you know, I don't know just out he shouldn't. He
Speaker 2: should be able to be any damn person.
Speaker 3: You know.
Speaker 2: He shouldn't be able to be anyone and just mind
Speaker 2: his own business and not fear for his life in
Speaker 2: that way. It's it's sad.
Speaker 1: Very very sold, so random random twists. I don't know,
Speaker 1: I was, I have to It was just before we
Speaker 1: got on too, I was like, looking at like my
Speaker 1: mortgage papers that I have to sign. Do you think
Speaker 1: a mortgage crisis is looming? You know? Our last procession
Speaker 1: was kind of triggered by bad loans made prior to
Speaker 1: two thousand and eight, two thousand and nine, I y'all know,
Speaker 1: for most of y'all, you know, I lost my home
Speaker 1: during that time, my first my first home, a condo.
Speaker 1: But I was just thinking about that as I was like,
Speaker 1: you know, looking at the three five papers and getting
Speaker 1: ready to sign, and I was thinking to myself, like
Speaker 1: I was reading some statistics where I think it was
Speaker 1: something like like eight percent of homeowners right now, you know,
Speaker 1: or in forbearance, you know, like because three fourths of
Speaker 1: homes are government back to mortgages right through fourths of
Speaker 1: homes now people folks who have homes have government back mortgages.
Speaker 1: And y'all know, luvia the Cares Act, that that these
Speaker 1: mortgages are available for forbearans, and that the government's like
Speaker 1: up to six months you don't have to pay. There's
Speaker 1: still the interest is still running.
Speaker 2: And you're going to owe that money in six months.
Speaker 2: We don't understand about four barons.
Speaker 1: Yes, well, I will say too, because one of my
Speaker 1: friends like came to the loan right like let you
Speaker 1: and also yes and there, but there's some loopholes. To
Speaker 1: my friend Mikayla, who's an attorney, has been like studying it.
Speaker 1: She and I were just talking about it and she
Speaker 1: was like, girl, like, you know, there's ways. Basically, if
Speaker 1: you don't have it to pay, the bank is not
Speaker 1: supposed to force you to pay. They're supposed to be
Speaker 1: able to offer you another six months and even then
Speaker 1: they're supposed to work out some other reasonable payment plan.
Speaker 1: But she said she doubts the banks. You know, banks
Speaker 1: obviously are not going to be the people to tell
Speaker 1: folks all the rules that are inside the CARES Act. Actually,
Speaker 1: Mikayla's working on creating some like really easy to understand
Speaker 1: and kind of like checklists so folks when they're approaching
Speaker 1: their bank can intelligently ask the bank for what they're
Speaker 1: owed via the care sect. But either way, so there
Speaker 1: are a lot of people who can't afford their mortgage
Speaker 1: and they're not losing their homes now because they've opted
Speaker 1: for forbearance, So then what happened? I was just thinking them.
Speaker 1: You know, there's so many facets to this pending and
Speaker 1: looming recession, right it's like COVID, Oh my gosh, the market,
Speaker 1: what's gonna happen there? And now it's like, wait, so
Speaker 1: all this money that's being printed, what happens when that stops?
Speaker 1: And now, you know, mortgages, like what happens when people
Speaker 1: can't afford their mortgages anymore? And six months from now,
Speaker 1: twelve months from now? So I just was thinking about that, like,
Speaker 1: you know, because as it is right now, it seems
Speaker 1: like housing prices are staying steady because you know, me,
Speaker 1: I was looking for investment opportunities. So that's why I've
Speaker 1: just been nerding out, like huh, but housing prices are
Speaker 1: staying steady. There was the demand for homes actually has
Speaker 1: not subsided because folks couldn't go out the last month
Speaker 1: some change, and so now those folks who weren't able
Speaker 1: to go out to find homes are like, oh, finally
Speaker 1: the country's open back a little bit. So we are
Speaker 1: not seeing really a drop in home purchases. Folks who
Speaker 1: could wait are like, Okay, I won't all wait to
Speaker 1: put my home on the market, so those who felt
Speaker 1: like they really had to sell. Basically, the market's not
Speaker 1: flooded with homes. It's still basically a seller's market. I
Speaker 1: say all that to say, but it's not always going
Speaker 1: to be. So I'm just curious what you think about
Speaker 1: price a potential mortgage crisis looming.
Speaker 2: Oh, thank you for asking me. I have a lot
Speaker 2: of fie feel very like, thank you for trusting me
Speaker 2: with this answer, with the caveat that I'm not a
Speaker 2: mortgage economist or any kind of economist, but it's funny.
Speaker 2: I will add to the list of reasons people are
Speaker 2: still buying homes out there is not a lot of
Speaker 2: Like I was just talking to a friend yesterday and
Speaker 2: she said that a good friend of hers they have
Speaker 2: sped up there. They live in a two bedroom apartment
Speaker 2: in Brooklyn, and they were like, we need to get
Speaker 2: a home, We need to get out of here because
Speaker 2: they have a four year old. Then they're married and
Speaker 2: they're driving each other crazy, and so they like, all
Speaker 2: of a sudden, it was like, we think we're going
Speaker 2: to buy and then boom, they had bought a to
Speaker 2: get the f out and get more space. Do I
Speaker 2: think there's going to be a mortgage crisis. I really
Speaker 2: hope not, and I think that one is a lot
Speaker 2: of things are different. It's ten years since the Great Recession,
Speaker 2: and there were, thanks to the Dodd Frank Act, a
Speaker 2: lot of regulations put in place to make mortgage lending
Speaker 2: a lot safer for consumers and to make sure that
Speaker 2: consumers aren't able to take on mortgage debt that is
Speaker 2: outrageous that they could not afford with their household income.
Speaker 2: That being said, obviously, anytime, what's the unemployment rate right now?
Speaker 2: Like a million percent? I don't know, great depression levels, yes,
Speaker 2: over great depression. Yes, millions and millions of people are
Speaker 2: out of their jobs, including like my dad, who's still
Speaker 2: out of work. The way that he's making his mortgage
Speaker 2: payments or thanks to unemployment benefits and his extra how
Speaker 2: much do they give an extra six hundred bucks on
Speaker 2: top of your unemployment benefit through the Cares Act or
Speaker 2: through the legislation that Congress passed that's going to expire
Speaker 2: at the end of July. I believe that extra six
Speaker 2: hundred dollars payment and his unemployment benefits should last through
Speaker 2: the end of the year, I believe. Now what's scary
Speaker 2: is if the government does not step in and continue
Speaker 2: to provide this type of funding so long as people
Speaker 2: are out of work. Now that's a different story depending
Speaker 2: on what zip code you know. At this point, it's
Speaker 2: like by zip code, the story is very different. If
Speaker 2: some places are reopening and businesses are getting back back
Speaker 2: to you know, levels pre COVID, and people are using
Speaker 2: services and paying for services again, and people are able
Speaker 2: to get back into the workforce. Maybe in that zip
Speaker 2: code you don't have people falling behind their mortgages and
Speaker 2: struggling to keep up and getting foreclosed on. And maybe
Speaker 2: in other zip codes that are harder hit where people
Speaker 2: are not able to get back to work as quickly.
Speaker 2: And we're we're getting past July thirty first, when the
Speaker 2: extra six hundred dollars has gone from unemployment benefits and
Speaker 2: we're getting you know, unemployment benefits are expiring and people
Speaker 2: aren't able to keep qualifying for them, maxing them out
Speaker 2: and whatnot. Now that's scary to me. And there's not
Speaker 2: going to be a vaccine until twenty twenty one at
Speaker 2: the very earliest. It seems like from what all sources
Speaker 2: are saying the sources that I read anyway, the scientific ones,
Speaker 2: So I don't know, but I do think it is
Speaker 2: a super local story. I think your zip code will
Speaker 2: dictate when you reopen, what that looks like, how quickly
Speaker 2: people will want to start using services, spending money again,
Speaker 2: getting back out there. And that's going to directly translate
Speaker 2: into how businesses do whether they're hiring people back, and
Speaker 2: when they hire you back, are you working the same hours,
Speaker 2: are you getting the same pay, do you have a
Speaker 2: salary cut? There's a million different things. One thing that
Speaker 2: I know for certain is without more action from our
Speaker 2: elected officials, I am really worried about what it looks
Speaker 2: like after July or through the end of the year
Speaker 2: for people who are on the brink of financial insecurity
Speaker 2: and really need those benefits to get them by. It's
Speaker 2: through no fault of their own that they're out of work, right,
Speaker 2: and that is why Congress approved that jillion dollar stimulus package,
Speaker 2: and as far as I know, they haven't approved another one.
Speaker 2: They can't agree. Republicans are now pretty much saying, oh,
Speaker 2: that was a one time thing. Now we need to
Speaker 2: take a deep breath, and we're not going to be
Speaker 2: cutting any more checks for the near future, and Democrats
Speaker 2: are pushing them to provide more stimulus funding, and they're
Speaker 2: kind of at an inpast right now. Something like that
Speaker 2: is going to need to happen because and again this
Speaker 2: is like at a local level and many parts of
Speaker 2: the country it's going to be a long time before
Speaker 2: they get back to business as usual. And maybe in
Speaker 2: other parts of the country they're fine, you know, and
Speaker 2: they're like I saw a picture of people at a
Speaker 2: pool party over the weekend, which is kind of terrifying. Yes,
Speaker 2: some parts of the country are feeling real good about themselves,
Speaker 2: feeling real their immune systems are popping apparently, and like
Speaker 2: they're back out there in the world. There's other parts
Speaker 2: like New York where we still you know, I still
Speaker 2: am not sure when you know, Reel will ever see
Speaker 2: his grandparents who lived thirty minutes away. I know, it's
Speaker 2: a very long winded answer, but it's not going to be.
Speaker 2: I don't think it'll be a nationwide widespread mortgage crisis
Speaker 2: like we had an eight and it's very different reasons
Speaker 2: why it would be today. It would be because people
Speaker 2: are not able to get back to work because Congress
Speaker 2: does not act to give people funding or forced banks
Speaker 2: and lenders to get people a break for longer. How
Speaker 2: long can you tell a bank you're not allowed to
Speaker 2: foreclose on people who are in for Baron's programs.
Speaker 1: I don't know.
Speaker 2: It's so unprecedented. But without yeah, without action from Congress, sure,
Speaker 2: but I don't think it'll be a mortgage crisis on
Speaker 2: the I think it'll be, like I said, at a
Speaker 2: local level, very different from one zip code to the next. Yeah.
Speaker 1: And also too with these low, super super low interest rates,
Speaker 1: these are like unheard of. So people are like, uh,
Speaker 1: because people keep asking me should I buy a house? Altivey,
Speaker 1: and I'm like, you know, well, we find abs so frequently,
Speaker 1: Like I'm honestly on the fence about buying a house.
Speaker 1: It all depends. But I feel like if your interests
Speaker 1: like most of my friends, they bought homes, a lot
Speaker 1: of most but a lot of my friends bought homes,
Speaker 1: I would say the less two or three years, so
Speaker 1: like two three years ago, you were looking at interest
Speaker 1: rates to like five percent and five four point three
Speaker 1: four point three four point which is like, so, I know,
Speaker 1: but if you have an interest rate of over right
Speaker 1: now interest rates, I mean It all depends obviously on
Speaker 1: a narrative of things. But they're looking at interest rates
Speaker 1: in the under three point five percent, depending on what
Speaker 1: your credit score looks like, and YadA, YadA, YadA, all
Speaker 1: these other things. But like, that's you're gonna a friend
Speaker 1: of mine, I want to say, her interest rate was
Speaker 1: like five point six or something like that, and now
Speaker 1: her her interest rate is three point you know something
Speaker 1: five or something like that, and she's saving four hundred
Speaker 1: bucks a month on her mortgage. That's a good amount
Speaker 1: of money. So abs so freaking lowly. I would if I,
Speaker 1: you know, if I'm on the fence about where you
Speaker 1: to buy a house right now, because I would love
Speaker 1: for people to lock in an amazing interest rate. But
Speaker 1: at the same time, I'm like, I knew Dad, knew Dad.
Speaker 1: I'm not sure during times like these, but I do
Speaker 1: believe that, Like, if you can refinance and save five six,
Speaker 1: you know, six hundred plus dollars a month, I think
Speaker 1: that's a good thing.
Speaker 2: I love a good refined calculator, and we happen to
Speaker 2: have one at lending Tree, so I'll put one in
Speaker 2: the show notes for you guys. Refinance. I've been playing
Speaker 2: putting our numbers in the REFI calculator a lot and
Speaker 2: just playing around with them. Two points off your mortgage,
Speaker 2: that's huge for sure. My whole thing is I don't
Speaker 2: want to have to get you do have to pay
Speaker 2: closing costs because you're getting a new loan, and I
Speaker 2: would want to see are they allowing you to roll
Speaker 2: those closing costs into your loan so that you don't
Speaker 2: have to pay upfront, and like how that would affect
Speaker 2: the mass because if I couldn't do that, I probably wouldn't,
Speaker 2: you know, refinite, because I don't think the upfront costs
Speaker 2: would be worth how much we would save, because I
Speaker 2: don't think we're going to be in this house for
Speaker 2: a full thirty years. A lot of times when you
Speaker 2: do the calculations. If we're guilty of this too in
Speaker 2: our content, is we can We'll say, you know, you
Speaker 2: can save twenty five thousand dollars over the lifetime of
Speaker 2: your mortgage if you refinance, but are you going to
Speaker 2: stay in the house for thirty years you need? And
Speaker 2: also it doesn't take into account how much of you already,
Speaker 2: like how much equity do you have in the house now?
Speaker 2: And it's a little complicated. I might just on top
Speaker 2: of using the calculator. I almost want to say, also,
Speaker 2: if you call a loan officer or lender and have
Speaker 2: them like they want to sell you, they want you
Speaker 2: to take a lot alone with them, maybe they'll do
Speaker 2: the calculations for you, make the math a little bit easier,
Speaker 2: you know, with no pressure for you to actually take
Speaker 2: out the product. But I I'm a procrastinator, and I
Speaker 2: was kind of using the fact that things were so
Speaker 2: crazy at work and with COVID as an excuse to
Speaker 2: just let this REFI opportunity slip by, because, like I said,
Speaker 2: we maybe be saving a point or whatever, but the
Speaker 2: raids just keep going down, and I'm like, damn, I
Speaker 2: know I got some free time. Maybe I should look
Speaker 2: into this. I know I'm not gonna lie. I'm like, wait, okay, wait, wait,
Speaker 2: do I sign now?
Speaker 1: Do I wait? It's just honestly, if they do financial double,
Speaker 1: help me love it. I know that's exactly what I'm feeling.
Speaker 2: Like.
Speaker 1: If they imagine if the ways were like two point five,
Speaker 1: that's like insane. That's basically like kiss some free money.
Speaker 1: Financial Double. We shall copyright A memoir by Mandy Woodroff,
Speaker 1: We shall see. I would honestly if it dropped out
Speaker 1: to like one, I would definitely.
Speaker 2: By Nandy Woodriff financial double Dutch and on the stage
Speaker 2: is no, I'm kidding but not kidding. Did I just
Speaker 2: have a million dollar idea right now?
Speaker 1: But it just stays double us. Especially Oh, I think
Speaker 1: she's gonna go in.
Speaker 2: She's going it every and you know what people want
Speaker 2: to tell you, that's what That's what everyone's asking. The
Speaker 2: budget needs to for Tiffany. When do I jump? When
Speaker 2: do I get in there? It's it seems like everyone's
Speaker 2: winning the game of double Dutch, but when I jump in,
Speaker 2: I'm gonna get tangled up in the ropes. That's it's
Speaker 2: so fun and hard to hard to predict. But good question.
Speaker 2: I'm glad I got this whole house situation done when
Speaker 2: I did and got out of the city for sure,
Speaker 2: for sure, because if I were buying or selling right now,
Speaker 2: I'm glad to hear that the markets. I think it's
Speaker 2: also a local story, but I'm glad to hear that
Speaker 2: things are relatively stable if you're still but also.
Speaker 1: Too like it's not like stocks. People, don't you know,
Speaker 1: It's not like how it is with with stocks. Right,
Speaker 1: one day the stock you know, don't's gonna be down
Speaker 1: one hundred points, three hundred points. That's not how it
Speaker 1: is with the with with the housing market. It's not like,
Speaker 1: oh my gosh, my house was worth three hundred thousand,
Speaker 1: now it's worth two hundred thousand in one day. That
Speaker 1: it tends to move more slowly, like when you know
Speaker 1: when in two thousand and eight, two thousand and nine,
Speaker 1: two thousand and nine was not when the housing market
Speaker 1: actually reached its bottom, it was like two thousand and
Speaker 1: ten eleven. So it tends to trail a year or
Speaker 1: two behind. So as the economy, if the economy does
Speaker 1: poorly and crashes and burns and whatever, then you see
Speaker 1: the housing market comes after that, Like the decline of
Speaker 1: the housing market comes after that, because it just takes
Speaker 1: time for homes an't go up and down that quickly.
Speaker 1: So yeah, so like you know, basically we'll see I
Speaker 1: tell people I would I'm not I wouldn't not not
Speaker 1: get a home because I could take advantage of low interest,
Speaker 1: but I would just be really mindful about getting a
Speaker 1: good deal. So I would hate for you to buy
Speaker 1: at the top of a market. There's no way to
Speaker 1: know if we're at the top of the market until
Speaker 1: the market has already passed. That's the bad part because
Speaker 1: I bought my home, my first home, at the top
Speaker 1: of the market. It was like at peak, and then
Speaker 1: it just declined from there. So I don't know. I
Speaker 1: feel like if you're gonna at the end of the day,
Speaker 1: if you're you have to actively be an investor with
Speaker 1: our with our finances, like really looking at our neighborhood,
Speaker 1: or you know, our price is really growing up. Is
Speaker 1: this a solid neighborhood. Is this is a neighborhood that
Speaker 1: either like a Westfield where like the prices have stayed
Speaker 1: steady up down in between. Or is this like a
Speaker 1: neighborhood that has seen huge growth because maybe it's right
Speaker 1: outside of a major city and it's like, you know,
Speaker 1: people can't afford the major city anymore. Or is this
Speaker 1: a neighborhood that's kind of tapped. You know, folks are
Speaker 1: saying like it's gonna be neighborhoods quite honestly, like New
Speaker 1: York that are going to like well, like like the
Speaker 1: city city, like you know, mid tad Manhattan where these
Speaker 1: huge you know, twenty million dollars thirty million dollars, like
Speaker 1: are people going to be buying those to live in
Speaker 1: a city where they're afraid? Quite honestly, so time will.
Speaker 2: So am I allowed to put myself on the back
Speaker 2: for non touching my four oh one k because looking
Speaker 2: at my I love the balance chart where it shows
Speaker 2: you up and down how accounts done, and it's basickly
Speaker 2: there was a huge dip, but it's basically almost back.
Speaker 2: I think what was the most I was down over
Speaker 2: twenty five percent or something. Now at around like eight
Speaker 2: nine percent down, I'm good. I increased my contribution way
Speaker 2: back when, and I'm feeling good. I'm checking it because
Speaker 2: I trust myself not to do anything. But it's just
Speaker 2: another example that when the market goes down, it has
Speaker 2: a way of bouncing back, especially in times like this. Yeah,
Speaker 2: so yeah, I feel okay at least in that regard.
Speaker 2: Now you, missy, you're doing a cash out refib right,
Speaker 2: and tell me again you're using the cash out part
Speaker 2: to invest in a property. Yes, we have for folks
Speaker 2: who were like, yeah refinancing.
Speaker 1: Mm hm hm. So so yeah, we're gonna we bought
Speaker 1: a second property. You know, we bought it for ten
Speaker 1: thousand dollars. It's a total piece of junk. But we
Speaker 1: were going to completely tear down and put up a
Speaker 1: two family house. But honestly, the price of that, of
Speaker 1: what they would cost because of the utilities and all
Speaker 1: these other things like the prices, that was going to
Speaker 1: cost more than what the house would be worth. I
Speaker 1: think it was like almost five hundred thousand dollars to
Speaker 1: tear it all down to move everything, because the we'd
Speaker 1: have to totally do a new foundation because we wanted
Speaker 1: to move the house back. But I was like five
Speaker 1: hundred thousand that two family houses in that area only
Speaker 1: go for not even four hundred thousand, so it's like, well,
Speaker 1: that doesn't make sense. So we were like, well, what
Speaker 1: if we just build an existing two family on the
Speaker 1: actual house itself, And even that, the price just didn't
Speaker 1: make sense. So we're like, you know, we're just gonna
Speaker 1: renovate the existing home, and so that renovation is going
Speaker 1: to be about one eighty and then homes one family
Speaker 1: home in that neighborhood for that size typically go for
Speaker 1: about two thirty, between two thirty to two fifty, So
Speaker 1: we like, you figure one eighty for the renovation and
Speaker 1: ten thousand dollars what we paid for, so that's one
Speaker 1: ninety we get back max to fifty. So there's some spread.
Speaker 1: There's like a sixty thousand dollars spread. So we're just
Speaker 1: we're going to use the money for that because I
Speaker 1: could pay for you know, like I could, you know,
Speaker 1: my husband and we could pay for the house out
Speaker 1: of pocket. But you know, I felt like I really
Speaker 1: wanted to. I felt like the house that we're we're
Speaker 1: living in now, I'm not taking out all the money
Speaker 1: about maybe like sixty percent. I felt like it was
Speaker 1: kind of like a like money sitting in a bank
Speaker 1: account that was going unused. So I really wanted to
Speaker 1: pull out like two fifty from this house, put you know,
Speaker 1: some of the money toward the other house, and honestly
Speaker 1: invest the rest. I wanted to because if the interest
Speaker 1: rate that we because our indust rate that we got
Speaker 1: was three point twenty five percent, you know, yeah, three
Speaker 1: point two five percent, I know that. I mean we
Speaker 1: could almost put that money on not these days, but
Speaker 1: you could almost put that money, you know, a couple
Speaker 1: of years ago in a savings account and make more.
Speaker 1: So it was like, well, we would lose three point
Speaker 1: two five percent as far as our interest paying interest
Speaker 1: on them, the cash out component. But I know that
Speaker 1: if we invest that money, we can make more than
Speaker 1: three point two five percent. So I'd rather pay a mortgage,
Speaker 1: a low mortgage, because we're still going to pay our
Speaker 1: insurance out of pocket, and we're still going to pay
Speaker 1: our taxes separately out of pocket because I want to
Speaker 1: be able to pay off the mortgage whenever I want to.
Speaker 1: So yeah, that's what we're doing. We're investing the money
Speaker 1: in real estate and in the market and to help
Speaker 1: Rush reach our ultimate financial freedom goals. So I feel
Speaker 1: really comfortable. I think our mortgage is going to be
Speaker 1: like twelve hundred bucks a month, so I'm like it's
Speaker 1: more than that. We're more than comfortable enough to be
Speaker 1: able to pay that without having to worry, because obviously
Speaker 1: you don't want to take on new debt if you
Speaker 1: don't have to. But I just felt like this is
Speaker 1: one of those instances where the the the what is it?
Speaker 1: The ends just not the the ends justify the means.
Speaker 2: Yeah, like you're going to have the return on it's
Speaker 2: worth the risk. Yes, yes, Oh that's fascinating. All right, Well,
Speaker 2: thanks for giving us the lowdown again. Should we get
Speaker 2: into some question missy please do let's say a quick break.
Speaker 2: We will be right back after this newe from our sponsor.
Speaker 1: It's timeful questions that Little Diddy was for Alex because
Speaker 1: Alex said, Tiffany, I like your singing and although no, no,
Speaker 1: you're lying, you know I appreciate it. Don't encourage I
Speaker 1: mean encourage her.
Speaker 2: We love your singing, we love your uterus, we love
Speaker 2: everything about the Tiffany I gotta I got an email
Speaker 2: with the subject line that just said uterus with like
Speaker 2: four exclamation exclamation.
Speaker 1: I feel bad for that lady. Now, I mean kind of,
Speaker 1: but I'm like, I'm sure she's like, well, dang, I
Speaker 1: didn't mean all of that, but yeah, thank you guys.
Speaker 3: Though.
Speaker 2: Shout out to the listener who told us that she
Speaker 2: had a that you had her crying in her kitchen
Speaker 2: on your behalf because she too has had struggles with
Speaker 2: IVF and lots of messages from listeners saying that they
Speaker 2: support you. Jeff. We love you, your uterus and all
Speaker 2: your organs. Talk about them at length if you want to,
Speaker 2: if you want to, there's a financial angle.
Speaker 1: We want to know why, you know and let's talk
Speaker 1: about gallbladers.
Speaker 2: But in lieu of gallbladders, let's open up the mail bag.
Speaker 2: So I'm scrolling through our email, good old Gmail. If
Speaker 2: you guys want to leave us a question there, you
Speaker 2: can hit us up at Brand Ambition Podcast at gmail
Speaker 2: dot com. You can also go to our website brandambispodcast
Speaker 2: dot com, where you can click because anything, and also
Speaker 2: on the Gram. Yes, I am here answering your questions
Speaker 2: or at least looking at them on Instagram. We are
Speaker 2: at Brown Ambition Podcast on the room. All righty, let's
Speaker 2: take one from Okay, this one has an interesting question.
Speaker 2: So Tiffany and I were just talking about Congress potentially
Speaker 2: releasing a second stimulus package. If you remember, oh so
Speaker 2: many weeks ago, the first stimulus bill included a twelve
Speaker 2: hundred dollars stimulus check twelve hundred or twenty four hundred
Speaker 2: dollars simulus check depending on your income and things like that,
Speaker 2: and it literally was just like here's some money in
Speaker 2: your bank account. So here is a listener who wants
Speaker 2: to remain anonymous, and she has a question on the
Speaker 2: Gram about the next wave. She says, thank you guys
Speaker 2: for giving such beneficial information I've been able to renegotiate
Speaker 2: some high interest rates on credit cards, and I'm still
Speaker 2: working on getting down that credit card debt and building
Speaker 2: on my savings using the snowball method. Since theor speculation
Speaker 2: there might be a second stimulus package coming out, I
Speaker 2: was wondering if you think it's wise to take a
Speaker 2: few hundred dollars if that second check is given and
Speaker 2: invest it while stocks are quote unquote on clearance. I
Speaker 2: was thinking of using an app like Acorns or robin Hood.
Speaker 2: Out of those types of apps, which would you recommend.
Speaker 2: I'm still learning about the market and educating myself. Thank
Speaker 2: you so much.
Speaker 4: So.
Speaker 2: She has some credit card debt she's still working to
Speaker 2: pay off, and she wants to know with the next check.
Speaker 2: Let's say she used the first check on her debt,
Speaker 2: I'm not sure is it okay to take a portion
Speaker 2: of that and invest in?
Speaker 1: What's say you?
Speaker 2: Miss?
Speaker 1: I say that? Well, first thing. So it's funny because
Speaker 1: that friend of mine just called me and asked me
Speaker 1: today something similar. She's like, what should I do? I said, well,
Speaker 1: first and foremost, are you current on your bills? If
Speaker 1: you're late, get current? Do you have upcoming bills? But
Speaker 1: no income. If you do take care of that, then
Speaker 1: it sounds like you've negotiated some of your credit card
Speaker 1: interest rates down or you're in the process of still
Speaker 1: credit card's even low. Like for me, like I've got
Speaker 1: perfect credit and I think, you know, humble b I
Speaker 1: you know, one of my interest rates is like ten
Speaker 1: percent or whatever, that's still double digits. So it actually
Speaker 1: would be more financially sound to use the money to
Speaker 1: pay down credit card debt that's have double digit interest rates,
Speaker 1: then to enter into the market and hope to get
Speaker 1: double digit to earn double digit interest rates. Does that
Speaker 1: make sense, anonymous, because if you were to say.
Speaker 3: I don't know, if she's not here, it makes sense
Speaker 3: because you know, like for example, if she were to say, hey,
Speaker 3: I've got a student loan debt and it's five percent,
Speaker 3: and you know, I'm good on bills, I'm not behind.
Speaker 1: I do have, you know, like the money that's coming in,
Speaker 1: it's you know, I'm okay with paying bills moving forward.
Speaker 1: Should I put and I do have some savings, because
Speaker 1: that's important too. Should I, you know, should I maybe
Speaker 1: enter into the market. I might say maybe. But also
Speaker 1: the fact that you're not fully knowledgeable about what to
Speaker 1: do in the market. Also makes me say wait, because
Speaker 1: I don't want you to enter in like as a
Speaker 1: novice investor with this money that you could really be using,
Speaker 1: because here's the thing. You don't know necessarily how to invest,
Speaker 1: which is fair because sists all of us. But you
Speaker 1: do know how to pay off that debt, so it
Speaker 1: would just be more financially sound to do the thing
Speaker 1: that you do know, which is pay off high interest
Speaker 1: rate credit card debt.
Speaker 2: I have nothing to add. I would just say, pay
Speaker 2: off the credit card debt. A few hundred dollars won't
Speaker 2: go very far even when stocks are on clearance, which
Speaker 2: is what that's like, the little jokey way I talk
Speaker 2: about what happens when the market goes down because things
Speaker 2: get cheaper, like stocks go down in value. So if
Speaker 2: you're looking to buy low, it's a good time if
Speaker 2: you have the funds available. But girlfriend, if you have
Speaker 2: credit card debt, almost certainly it has double digit interest
Speaker 2: rate aprs and you need to pay that down asap.
Speaker 2: And let's say I don't know how much the next
Speaker 2: check would be. Look at me, look at me, ramble.
Speaker 2: Even though I said I'm nothing to add, I got
Speaker 2: something to add. Let's say the next check is twelve
Speaker 2: hundred dollars if it was this time around, So a
Speaker 2: few hundred dollars leaves you a nine hundred. If you
Speaker 2: have that much credit card debt, I feel like you
Speaker 2: probably need some emergency savings, and I would put all
Speaker 2: that towards savings so that you don't find yourself back
Speaker 2: in debt, or at the very least use it to
Speaker 2: tackle some of that credit card debt. And good luck,
Speaker 2: because honestly, it is a form of investing in savings
Speaker 2: to pay off that debt. It's just like reverse investing.
Speaker 2: You have to look at it that way. Okay, I
Speaker 2: like that.
Speaker 1: I must start using it.
Speaker 2: Not entirely sure if it makes sense, but it sounded good, right.
Speaker 1: No, No, it does because I was trying to figure
Speaker 1: out how to explain because people are like, I don't
Speaker 1: get what. How was paying down debt really making me
Speaker 1: any money? It's literally like reverse investing that you know
Speaker 1: you're trying to on here, but you actually would earn
Speaker 1: less by losing less on this side. So reverse investing
Speaker 1: reverse investing.
Speaker 2: The second memoir by Mandy Woodruff, author of Financial double Munch.
Speaker 2: All right, sorry, thank you very much for your question, Anonymous.
Speaker 2: We are going to take one more. This one is
Speaker 2: from our email inbugs old school. Let me say if
Speaker 2: they want us to use their name, I'm just going
Speaker 2: to assume no. Let's call this person Ashley. Ashley has
Speaker 2: a car. H She has a car, which is good
Speaker 2: to know because the question is about her car. She
Speaker 2: has a question about whether she should sell or rent
Speaker 2: out her car for extra income. All right, she says,
Speaker 2: my grandfather has gifted me has gently used twenty fifteen
Speaker 2: Mini Cooper. I love that her grandfather has a Mini
Speaker 2: Cooper that is adorable. About two months ago, it's paid
Speaker 2: off and in great shape. I currently have a twenty
Speaker 2: sixteen Honda Cord, which I'm still paying a car note on.
Speaker 2: I've always loved Hondas, and I know them to be
Speaker 2: extremely reliable. However, I reside in San Francisco and parking
Speaker 2: two cars would be a hassle, and I can't drive
Speaker 2: two cars at once. Clearly, if I were to sell
Speaker 2: the Honda, i'd owe around four thousand dollars out of
Speaker 2: pocket due to being upside down on the loan. Upside
Speaker 2: down the loan just means that she owes more on
Speaker 2: the car than it's actually worth, which is a really
Speaker 2: bad situation to be in, and it's probably because you
Speaker 2: had a really high interest rate on your loan. Anyhow,
Speaker 2: I digress. She says, if I were to sell the Honda,
Speaker 2: I'd owe around four thousand dollars still, which I have
Speaker 2: in my savings, so I could sell it with no issues. However,
Speaker 2: I've been considering renting out the Honda on sites like
Speaker 2: truro or get Around, which is like Airbnb for cars,
Speaker 2: which would allow me to bring an extra money to
Speaker 2: pay the car off quicker, and then once it's paid off,
Speaker 2: I could use whatever money I get monthly from those
Speaker 2: apps to put toward my savings extra income. I do
Speaker 2: know it's risky to rent on sites like that, but
Speaker 2: I also like the idea of making side income, having
Speaker 2: a backup. What do you guys think? This is an
Speaker 2: interesting question. So did she has a free car and
Speaker 2: she got another car that she owes some money on.
Speaker 1: She want to put that car to work?
Speaker 2: Honey, she does, But I'm wondering, if she has the
Speaker 2: four grand in savings, why not just pay off the Honda.
Speaker 2: But this is before she got a free car. But
Speaker 2: her reality is that she has a free car. She
Speaker 2: got two cars, and she wants to get rid of one.
Speaker 2: I yeah, I feel as someone who doesn't like the
Speaker 2: hassle of things like renting out cars. I've heard of
Speaker 2: that site Touro and get Around. I've never used them personally,
Speaker 2: so I don't know about the upfront costs, if there's
Speaker 2: any like fees you have to pay or anything like
Speaker 2: that you would have to I do know they're kind
Speaker 2: of popular on the West Coast, more so I think
Speaker 2: on the East than on the East Coast, or at
Speaker 2: least in New York City where we don't drive as much.
Speaker 2: I would definitely ask around if you have friends who
Speaker 2: use it, and do the math to see if it
Speaker 2: would make financial sense to keep paying your car note
Speaker 2: on a car that you're underwater on and then get income.
Speaker 2: How consistent would it be? I mean, no one's really
Speaker 2: using their cars right now.
Speaker 1: Right I was about to say, I was gonna say.
Speaker 2: Sorry, I just was on a own and it was
Speaker 2: like just lots of people out of my mouth.
Speaker 1: No, I was really gonna say quarantine, quarantine, so like
Speaker 1: literally I wrote it. I read an article today that
Speaker 1: hurts is filing bankruptcy because Hurts, one of the largest
Speaker 1: car rental you know companies in the country. Is like,
Speaker 1: ain't nobody writing cars? If ain't nobody writ in cars
Speaker 1: from Hurts. My concern is that normally this might not
Speaker 1: be a bad idea, but I feel like it's literally
Speaker 1: the worst time. It's like, hum, my mom gave me
Speaker 1: a house, you know, you know, I inherited a house.
Speaker 1: Should I airbnb it? It's like, uh, normally airbnb totally
Speaker 1: great question. But during times like this, we are living
Speaker 1: in abnormal times. So if it was me, if it
Speaker 1: was me, I probably would just sell the car because
Speaker 1: the likelihood of you probably making the money you maybe
Speaker 1: normally would in times like these. It also two, here's
Speaker 1: my concern too, Mandra, what do you think about, Like
Speaker 1: what if so here's the thing, her grandfather gifted her car,
Speaker 1: but well, I don't know how much is a car worth?
Speaker 1: Because you can gift, give, and receive up to what
Speaker 1: ten thousand dollars without having to pay taxes as a gift.
Speaker 2: Don't ask me to questions on the fly. I don't know,
Speaker 2: but it's something like that.
Speaker 1: I'm almost yes, I'm almost positive because I remember looking
Speaker 1: at from my parents because I was like me and
Speaker 1: a superman. We're sending the money every every month, and
Speaker 1: I wanted to make sure I was going to keep
Speaker 1: under the tax threshold. It's between ten and twelve thousand,
Speaker 1: don't hold me. I definitely know that it's not under ten.
Speaker 1: So I would just also be curious to know, you know,
Speaker 1: being mindful of the tax burden of receiving that car
Speaker 1: if it's over worth over ten or twelve thousand dollars
Speaker 1: and two likely not being able to rent it out
Speaker 1: profitably during times like now, I honestly probably just sell
Speaker 1: it and put it toward my savings and paying off
Speaker 1: the other car.
Speaker 2: Sell the Mini Cooper and then use that those proceeds
Speaker 2: to pay off the Honda. Or it would depend on
Speaker 2: which one's worth more. Yes, maybe the Mini Cooper even
Speaker 2: though it's a year older. What a funny looking car.
Speaker 2: But then like worth's more to who in a world
Speaker 2: where people aren't driving, I don't know how much would
Speaker 2: you be able to get for that? Would you sell
Speaker 2: it yourself as a private party seller or would you
Speaker 2: sell it through you know, sell it to a dealership.
Speaker 2: Can you even do that? I don't know.
Speaker 1: I know these days. So they're trying to give it
Speaker 1: a car. They said it like because I was even honestly,
Speaker 1: now it's a great time if you are in the
Speaker 1: hunt for a car, especially what especially a used car,
Speaker 1: because literally normally Hurts Avis all these places they sell
Speaker 1: their their fleet to use car dealers, and now they're
Speaker 1: trying it, especially Hurts in particular. It's actually trying to
Speaker 1: raise funds to stay afloat because they filed I believe
Speaker 1: chapter eleven, which is the not the bankruptcy then where
Speaker 1: you're just like, we're done, we're closing up. Stop. It's
Speaker 1: the yes. And so one of the things you're trying
Speaker 1: to like, you know, raise funds is they're selling these cars.
Speaker 1: According to this article, I can't remember where I was
Speaker 1: reading it, they're selling these cars directly to so you
Speaker 1: can like go on Hurts and see, like, you know,
Speaker 1: can I buy a car directly from Hurts at a
Speaker 1: really great price? So cutting out the middle makes me
Speaker 1: interesting exactly, so they can, you know, so they can
Speaker 1: make money to stay alive. So that would just be
Speaker 1: my concern. Honestly, I probably try to sell it. Do
Speaker 1: your best, and I don't know that i'd want the
Speaker 1: hassle also to having someone in my car, the Rona
Speaker 1: and all these other things and meeting up for folks.
Speaker 1: So yeah, that's what I was doing, honey.
Speaker 2: It took me a while to get to the place
Speaker 2: that you were landed out immediately, but I got there.
Speaker 2: It's definitely not a good time to be renting out
Speaker 2: your car as a as a source of income. And yeah,
Speaker 2: to Tiffany's point about buying a car, I do know
Speaker 2: because we've reported on this, dealerships are scaring, like really
Speaker 2: wanting to people to buy cars right now. Obviously people
Speaker 2: are not wanting to buy cars because who needs a
Speaker 2: car these days when you're going literally nowhere.
Speaker 1: And I'm not saying go out there and buy.
Speaker 2: Like the twenty twenty one is not even released yet,
Speaker 2: the twenty twenty model of whatever car. I mean, I
Speaker 2: think you should still do it responsibly, don't take out
Speaker 2: a big car loan like try and get something. It's amazing,
Speaker 2: it's a great idea to do what Tiffany said. That's
Speaker 2: how we got our cars certified pre owned car that
Speaker 2: used to be a rental that the rental company sold
Speaker 2: to a dealership and we got it through them and
Speaker 2: it had, you know, a warranty and all that kind
Speaker 2: of stuff. Just shop smartly and wisely. But if you
Speaker 2: have good credit, got a nice amount for healthy down payment.
Speaker 2: Yeah that it's a buyer's market for cars for sure.
Speaker 2: But yeah, thank you so much for your question. Hopefully
Speaker 2: that was helpful to you. And thank you for an
Speaker 2: interesting Yeah, an interesting question on that.
Speaker 1: Yeah, that was a good And shout out to your
Speaker 1: grandpa with the Mini Cooper I know, so cute. All right,
Speaker 1: thank you guys for your questions. Again.
Speaker 2: You can hit us up Brandambis Podcast at gmail dot
Speaker 2: com dot com or on Instagram. You can find us
Speaker 2: Brand Ambition Podcast on the Gram.
Speaker 1: And now it's time for Boost to break. All right,
Speaker 1: children gather around, It's time to booze. It's time to break, Mandy.
Speaker 1: Which well will you take? Will you boost? You break?
Speaker 1: Will you boost? I'm mad? I'm literally like souldiers popping,
Speaker 1: like shimming like as if I'm like, honestly, yeah, anyway,
Speaker 1: you're gonna boost a break.
Speaker 2: Girl. I'm gonna take a break because a girl well
Speaker 2: not really well she's a girlfriend. But our resident editorial
Speaker 2: assistant on our team at lending Tree this weekend rolled
Speaker 2: her ankle while she was out jogging trying to live
Speaker 2: her best life in quarantine, and she fractured her a
Speaker 2: little ankle bone. It's the most adorable little fracture you
Speaker 2: ever saw in your life, but I'm sure it hurts
Speaker 2: like hell. She dragged herself to a primary or not
Speaker 2: a primary care, what do you call it? Urgent care
Speaker 2: on Friday to you know, get it, get it looked at.
Speaker 2: She wasn't sure if it was a break or not.
Speaker 2: It was a break, but then she of course couldn't
Speaker 2: see an orthopedic specialist until Monday. And when she did,
Speaker 2: she went today. Rights, No, today's Tuesday. Monday was a holiday. Yes,
Speaker 2: so she went today, and I'm going to take a
Speaker 2: break on her behalf for just the shadiness of the
Speaker 2: healthcare system and some doctor's offices. Because they they were
Speaker 2: trying to upsell her on this boot. They were like,
Speaker 2: you need to buy this boot from us. It's two
Speaker 2: hundred dollars, okay, like like you know the boots that
Speaker 2: you can wear like on your foot. And I said, well,
Speaker 2: could you use your FSA dollars and she said no.
Speaker 2: They said that it wasn't FSA eligible And they said
Speaker 2: that my insurance wouldn't cover the boot, so she paid
Speaker 2: out a pocket for this boot. And then I was like,
Speaker 2: look on Amazon dot com. I'm sure you could have
Speaker 2: bought that boot yourself hobbled on home and she's like, yeah,
Speaker 2: they were fifty dollars on Amazon. Oh, and I'm pretty
Speaker 2: sure they are safe eligible. And I just was like,
Speaker 2: she was like, damn it, they got me and I
Speaker 2: and she felt bad, and I'm like, it's not your fault.
Speaker 2: That is so twisted and busted like this, Like it
Speaker 2: shouldn't be that hard to figure out that you can
Speaker 2: save a lot of money on damn you know, regular
Speaker 2: ass boot that anyone can get on the interwebs themselves.
Speaker 2: So I just feel like she was taking advantage of
Speaker 2: a little bit in her time of need. So yeah,
Speaker 2: shout out not shout out a.
Speaker 1: Break for horror.
Speaker 2: Oh I just realized. I just realized she broke. She
Speaker 2: had a break, and I'm taking a break about.
Speaker 1: Oh break very meta as its very meta. It is
Speaker 1: so hot in this room, I'm losing my mind. I
Speaker 1: need to get out of your I do it.
Speaker 2: For you guys in the audio quality okay, no AC anyway,
Speaker 2: So a break for her, please heal well, Miss Cameron.
Speaker 2: And then if you if you are, obviously, if it's
Speaker 2: a non emergency situation and the doctor's trying to sell
Speaker 2: you some kind of equipment or like ace bandage or whatever,
Speaker 2: just do your You can even google it really quick.
Speaker 2: Even just go to like FSA store dot com and
Speaker 2: anything on that website. You know it's FSA eligible and
Speaker 2: see if you can get it from there because you
Speaker 2: can probably save money versus trying to buy it from
Speaker 2: the doctor's office and nothing.
Speaker 1: Smarty, ady you are, I'm gonna do a boosy breakye,
Speaker 1: but we're light. Just keep it cute. So my breaky
Speaker 1: is going to be my niece. Oh my god, when
Speaker 1: did I turn old? Yo? My knees her every day now,
Speaker 1: I'm like, what's this light? But you didn't break I
Speaker 1: know exactly. I've been taking daily walks and walking up
Speaker 1: to an hour and I'm like, wait, so I've been
Speaker 1: stretching a lot. Anybody has any joint something. I just
Speaker 1: feel like I've been trying to get my regular exercise in.
Speaker 1: I am stretching, I'm doing yoga every morning and I
Speaker 1: just I tell you, like, walking up the stairs are
Speaker 1: like literally I'm like, is this life? Is this the
Speaker 1: life I'm gonna live? I just can't take it anymore.
Speaker 2: So Dad would tell you to get the green alcohol
Speaker 2: from the bottom shelf, but this at the pharmacy if
Speaker 2: they even still sell this, and you know it's a
Speaker 2: larger public. Get the green alcohol, the menthol kind of
Speaker 2: rubbing on there. That'll cure you. It'll cure all evils,
Speaker 2: the green alcohol.
Speaker 1: That of ginger ale. Right, yes, so yeah, so I
Speaker 1: just you know, but honestly, if there's some things that
Speaker 1: I need to be taking because I'm just like I
Speaker 1: keep saying like, oh it's gonna get better, it's not
Speaker 1: getting better, and stop walking so much. Yeah, But the
Speaker 1: thing is, I'm not even like I'm not power walking.
Speaker 1: I'm not like, you know, like I'm just literally like
Speaker 1: taking a stroll. I'm like, geez, is this life? Anyway?
Speaker 1: That's the break. And then the Booze so Own came on.
Speaker 1: You know my my date you on Own with them
Speaker 1: with I totally forgot. I was so nervous, and so
Speaker 1: I just want to really boost my family and friends
Speaker 1: because they did like a like a prop to live
Speaker 1: where they not live. But they all watched on Zoom
Speaker 1: like the team watched, the team, the Unicorn Squad, the
Speaker 1: Buddanista and Literature Academy team. They they watched on Zoom together.
Speaker 1: My dad and my mom watched together, which is so cute,
Speaker 1: and then my friends watched all on Zoom together. So
Speaker 1: it was just really nice. I was honestly super nervous
Speaker 1: because when I taped it with Ayanla, I taped it
Speaker 1: here and I guess she's in California, and I was
Speaker 1: really I was so nervous. I didn't even remember what
Speaker 1: I said. You know, sometimes they're like, oh, well, let
Speaker 1: me review. In my mind, I was like, I honestly
Speaker 1: have no idea what I said. So we were all
Speaker 1: watching together, like lessie what Tiffany said. But I gave
Speaker 1: myself a solid A minus. I always grade myself and
Speaker 1: that's pretty high on my scale because I never give
Speaker 1: myself good grades. But I was like, Tiffany, that was
Speaker 1: a solid A minus. I'm proud of you girl.
Speaker 2: I'm I'm so sorry I forgot all about and I
Speaker 2: get and I told Siri to remind me.
Speaker 1: It's her fault. But I think I had the own
Speaker 1: app and so you're able to watch it like there
Speaker 1: I'm assuming if it's on the own app then it
Speaker 1: should be. But also too if you just want to
Speaker 1: catch some clips, like if you go to own YouTube channel,
Speaker 1: they have like clips. But yeah, I was, like I said,
Speaker 1: I was really. I was proud of myself for getting
Speaker 1: through it despite the nerves, and it looked good. I
Speaker 1: was like, oh my gosh, look it's happening. And it
Speaker 1: made me realize, like I finally bought some acoustic foam
Speaker 1: stuff for the office because I didn't realize how echoey.
Speaker 2: If you're sweating, you're not growing. The Third Memoir by
Speaker 2: Mandy Woodruff on bookshelves.
Speaker 1: So I bought some hopefully so the next time we
Speaker 1: tape it should sound even more. I mean, I don't
Speaker 1: know what the word is. What's the opposite word of echo,
Speaker 1: but let's yes, less bouncy. So yeah. So I was like, oh,
Speaker 1: own debut so hopefully fingers crossed it means goodan.
Speaker 2: Yeah, yeah, well congrats Dan, I'm sure you did amazing.
Speaker 2: I will confirm that as soon as I watch it.
Speaker 2: I'm very sorry for forgetting.
Speaker 1: No, I'm just I anytime.
Speaker 2: No, it's seriously, something that scares the crap out of
Speaker 2: you is always a good thing in the end, even
Speaker 2: though it's really scary, and I know that you're doing
Speaker 2: a lot of your publicity in house now and you're
Speaker 2: killing it and look at you go and congrats, this
Speaker 2: is awesome.
Speaker 1: Thank you, You're welcome, and thank you guys for continuing
Speaker 1: to listen.
Speaker 2: My gosh, I'm like, yes, don't remind us how long
Speaker 2: we've been doing the show, because sometimes I'm like, really,
Speaker 2: we're still doing it. Yes, it's just this habit, and
Speaker 2: you guys are still listening, still tuning in. And despite
Speaker 2: my fears about people dropping off because they're not commuting
Speaker 2: and you know, we don't know where you guys typically listen,
Speaker 2: apparently a lot of you guys just listen sitting around
Speaker 2: the house, and like one Instagram user said, we were
Speaker 2: helping her get through the last hour and fifteen minutes
Speaker 2: of her work from home situation. So shout out to
Speaker 2: you and thank you guys so much for continuing.
Speaker 1: To support the show. Yes, thank you.
Speaker 2: If you want to show some love and you're a
Speaker 2: new listener or new enough to have not left a
Speaker 2: review on iTunes yet, please go to your phone right now,
Speaker 2: turn it over, go to the review. Please leave us
Speaker 2: a five star review or however many stars you you know,
Speaker 2: think this experience is.
Speaker 1: Worth a five star.
Speaker 2: Give the five star please, because this helps other people
Speaker 2: find the show and it's the reason we're still alive
Speaker 2: and kicking. So thank you, guys, think you think you?
Speaker 1: Thank you? Yes, thank you? Oh and thank you Mandy
Speaker 1: for those cute pictures of real I was like, Yo,
Speaker 1: Rio is giving me all the life months old. He's
Speaker 1: really fucking cute. I can't even know he is.
Speaker 2: I'm gonna start tagging some labels on his Instagram ads
Speaker 2: he is selling these outfits.
Speaker 1: Oh yeah, you should. Honestly, Mandy, you really should, because
Speaker 1: I feel like I knew a kid that paid for
Speaker 1: his own college college fund for like the first five
Speaker 1: years of life because he was super cute and so
Speaker 1: you know, he just used to model until he was like,
Speaker 1: I don't know, six or seven, and then you know
Speaker 1: his mom was like, hey, I'm good, but she put
Speaker 1: all that money up and paid for college. Know what.
Speaker 2: Honestly, me and my husband went through a real, real
Speaker 2: awkward phase from ages six to thirteen. So I feel
Speaker 2: like I only have a limited time, Like, if this
Speaker 2: kid takes after us, he's only going to be cute
Speaker 2: for like another five years, so I need to like
Speaker 2: really capitalize. I need to capitalize because he's going to
Speaker 2: look a little wrecked. He's gonna look a little busted,
Speaker 2: which is fine. It builds character. It's why I am
Speaker 2: the way I am.
Speaker 4: It's all fine, and it brings it, brings it, bring him.
Speaker 2: And keep him humble.
Speaker 1: You know.
Speaker 2: I hope he has those ugly duckling years. But in
Speaker 2: the meantime, you're right, I'm going to I need to
Speaker 2: figure out how does it work in the Instagram age?
Speaker 2: How do you make money off your child in a
Speaker 2: way that's not creepy.
Speaker 1: Yeah? No, I just I would just start tagging brands
Speaker 1: and then you never know they might reach out to
Speaker 1: be like baby super cute, my goodness, And yeah, I
Speaker 1: would start.
Speaker 2: But he's going to be so mad. He hates whenever
Speaker 2: I but he's like, please don't put our baby on
Speaker 2: the internet.
Speaker 1: Oh I know everybody.
Speaker 2: I know.
Speaker 1: My sister's always like if you put my child on
Speaker 1: One time I had my niece talk about when I
Speaker 1: tell her, I was like, Amelia, say get your credit together,
Speaker 1: just like gick your credit get y'all. Meanwhile, my sister's
Speaker 1: sitting there. I hear her go through Instagram and she's
Speaker 1: watching it and she realized, like I just taped it.
Speaker 1: She's like, did you just put my child on? I
Speaker 1: was like, that was the last time. I was like,
Speaker 1: I think I need to pay. I got talking too,
Speaker 1: so I'm not allowed anymore. Yeah.
Speaker 2: Well anyway, well thank you. He turned six months today.
Speaker 2: Happy birthday, Rio. Hope you guys had a good long weekend,
Speaker 2: and thank you again for listening.
Speaker 1: We will really don't