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Speaker 1: Yes, we're back, We're black, We're brown.

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Speaker 2: And bitch yon I did a condensed version.

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Speaker 3: Hey Manja, Hey, have you survived coronavirus Gate twenty Are

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Speaker 3: you out there? I'm calling you from my bunker in

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Speaker 3: the suburbs.

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Speaker 2: First of all, a friend off I went to Costco yesterday.

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Speaker 2: She's like, you want to go? I was like sure.

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Speaker 1: It was midday, midday and people were buying water as if,

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Speaker 1: like you know, it was the end of the world.

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Speaker 2: I'm like, are you kidding me?

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Speaker 3: Oh, Pete, don't judge because that was me and my

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Speaker 3: mother at Sam's Club Saturday morning, so we made the mistake.

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Speaker 3: We talked about the coronavirus on last week's show, so

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Speaker 3: let's touch on that. Last week, which seems like a

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Speaker 3: long time ago in terms of coronavirus news, the market

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Speaker 3: with tanking like yea, and the headline for this show

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Speaker 3: is when the coronavirus comes for your four oh one

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Speaker 3: K And I wasn't kidding. My four oh one K

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Speaker 3: is down eight percent. Thank you very much coronavirus appreciate it.

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Speaker 3: And we talked a little bit about why the coronavirus

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Speaker 3: is moving the markets. Obviously, China was ground zero for

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Speaker 3: this virus and the spread of it. And there's tons

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Speaker 3: of US based companies and products from US based companies

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Speaker 3: that are made in China, and there's concern about like

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Speaker 3: even the iPhone, for example, having the parts that they

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Speaker 3: need to make the iPhone that everyone buys, and so

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Speaker 3: the economic impact could be really great. And then what

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Speaker 3: if people what if it gets in the US, What

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Speaker 3: if it's spread so much that people aren't able to

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Speaker 3: go to work anymore. So there are real implications. And

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Speaker 3: right now there is no cure, there's no vaccination, and

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Speaker 3: the US government maybe isn't the most reliable when it

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Speaker 3: comes to their response to this, or maybe investors don't

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Speaker 3: feel like there's a real strategy or plan in place

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Speaker 3: from the government right now at the federal level to

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Speaker 3: handle this type of pandemic, So investors get spooked. There's

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Speaker 3: not really a ton of confidence that will be able

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Speaker 3: to contain the virus, and you see the markets move

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Speaker 3: like they did last week, which, yeah, it can definitely

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Speaker 3: impact your investments. I don't know if you saw anything

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Speaker 3: from your portfolio or Tiffany, you were smart and didn't

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Speaker 3: look at all, which is probably I did a better response.

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Speaker 1: I lost like nine hundred bucks. But you know we've

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Speaker 1: also rallied. I need to last.

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Speaker 2: Time I checked them, only nine hundred, nine hundred bucks. Well, no,

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Speaker 2: well nine hundred bucks from my Robinhood.

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Speaker 3: Oh oh you kept robin Hood.

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Speaker 2: Yes.

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Speaker 1: I didn't check like my bigger accounts. I was like,

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Speaker 1: you know, Robinhoods were buy my individual stocks for fun.

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Speaker 1: And I was like, oh, I lost my hundred So

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Speaker 1: for context, that's about ten percent because I have about

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Speaker 1: nine thousand dollars in there, so you know, not.

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Speaker 2: A little bit of money. But I will say this that.

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Speaker 1: My my doctor, I was asking her, you know, she says,

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Speaker 1: honestly that the coronavirus is not by name, you're deadly

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Speaker 1: that because what you're seeing is they're reporting every death.

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Speaker 1: But if they were to report every daily death due

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Speaker 1: to the flu, we'd also be equally as freaked down

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Speaker 1: that SARS. Remember when SARS was a big thing. She's like,

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Speaker 1: that was a deadly virus that was really dangerous, and

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Speaker 1: she was like Corona. Think about Corona. She was like

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Speaker 1: the way you would think about pneumonia. She said, Tiffany,

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Speaker 1: you're you know, you're relatively young, you're healthy.

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Speaker 2: If you were to get pneumonia.

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Speaker 1: Now, will we be concerned, Yes, because ammonia is not

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Speaker 1: a good thing to get. But what I think Tiffany's

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Speaker 1: going to pass away, The likelihood is minimal because you're

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Speaker 1: not eighty years old. She's like, now, if your dad

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Speaker 1: got pneumonia, we'd be very concerned.

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Speaker 2: So it's the.

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Speaker 1: Very young, the very old, and those with compromised immune

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Speaker 1: systems and so.

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Speaker 2: But they're reporting every single death, so it just seems

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Speaker 2: like another and another.

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Speaker 1: And the truth is people someone died today from tripping

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Speaker 1: down the stairs, but they're not reporting that, you know

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Speaker 1: what I mean. So it's like putting into context that

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Speaker 1: less than two percent of people who contract the coronavirus

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Speaker 1: are actually passing away. It's that's relatively low. It's just

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Speaker 1: because right now that the media is fanning the flames

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Speaker 1: of fear because it's you know, it's good for business,

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Speaker 1: but it's not. She's like, it's not a deadly virus.

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Speaker 1: I mean, not something you want to get, but there

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Speaker 1: are viruses that are way more deadly, and that she's like,

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Speaker 1: I would be concerned about.

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Speaker 3: Yeah, And I've I've listened and read, listened to lots

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Speaker 3: of interviews and tried to read the most what's the

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Speaker 3: opposite of fanning the flames and like the opposite of alarmists,

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Speaker 3: just really like matter of fact researchers, healthcare reporters, people

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Speaker 3: who are genuinely not trying to cause a panic to

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Speaker 3: see what they have to say. And the fact is

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Speaker 3: it is deadlier than the flu in terms of like

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Speaker 3: the rate of people who are dying from the coronavirus,

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Speaker 3: it's something like Tiffany' said around two percent versus the flu,

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Speaker 3: which is zero point one percent. But obviously the flu

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Speaker 3: is a lot more widespread. People are just concerned because

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Speaker 3: there's not a vaccine for it, and it's you know,

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Speaker 3: people don't really show symptoms. You can be walking or

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Speaker 3: may not have serious symptoms. It could be mild like

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Speaker 3: you have a or you know, like a mild flu,

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Speaker 3: and you may not know it's a coronavirus. And in

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Speaker 3: some states there's not like enough tests right now to

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Speaker 3: figure out like a diagnosis, and it's just very early stages.

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Speaker 3: But largely what the experts have been saying. Obviously you're

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Speaker 3: not going to get your like health care and science

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Speaker 3: news from brown ambition, but I will just say, like

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Speaker 3: based on what I've heard. The best thing you can

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Speaker 3: do is wash your hands. It's very basic advice. Wash

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Speaker 3: your hands, use your hand sanitizer. Don't touch your face,

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Speaker 3: don't shake hands with people if you don't have to.

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Speaker 3: You know, a good old fashioned fist bump or elbow

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Speaker 3: bump or just like a nice nod and a you know,

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Speaker 3: a little wink that that'll do it. Just really good hygiene.

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Speaker 3: Don't go up and buy surgical masks. You probably can't

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Speaker 3: even find them anyway because they're all sold out. And

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Speaker 3: healthcare workers or if you're caring for someone who's sick,

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Speaker 3: those are important to have masks, But for the general

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Speaker 3: healthy population, it's not really gonna potentially protect you to

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Speaker 3: wear those masks. And if you're like me and you

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Speaker 3: have the option to work remotely, consider it, especially if

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Speaker 3: you're in a like for example, in my county, there's

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Speaker 3: confirmed case and I am really seriously considering not commuting

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Speaker 3: because I don't necessarily have to, and is it worth

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Speaker 3: the risk to commute, And it's not even about it

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Speaker 3: could be the regular flu and I don't want to

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Speaker 3: bring that home to my to my baby. But in

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Speaker 3: terms of like the impact to your finances, I'm trying

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Speaker 3: not to watch my four O one K. I'm on

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Speaker 3: the younger side, so of course most of my investments

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Speaker 3: are in the market because they say you have time

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Speaker 3: to bounce back from any downturns, and it's true, like

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Speaker 3: already the markets have recovered a little bit, and I

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Speaker 3: genuinely feel like I'm just gonna you know, Grin and Barrett,

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Speaker 3: I'm not making any I'm not making any changes. I

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Speaker 3: fully believe that eventually there will be a vaccine and

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Speaker 3: we'll get through this, just like we have swine flu

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Speaker 3: and West Nile and all other stuff. Blah yeah, bola.

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Speaker 3: And but for those of you who are you know,

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Speaker 3: looking at your investments or your four O one k,

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Speaker 3: just you know, consult your financial advisor. That's an advisor

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Speaker 3: if you have one. But personally, I am trying to

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Speaker 3: just consider this another blip and keep my eye on

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Speaker 3: the prize, which is long term retirement growth and not

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Speaker 3: short term trading. So I'm staying the course.

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Speaker 1: Honestly, what historical data shows that that after some of

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Speaker 1: the worst days of the stock market comes some of

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Speaker 1: the best days, like about two weeks later, within the

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Speaker 1: next two weeks, meaning that let's just say you have

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Speaker 1: like the we had like we and we did, we

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Speaker 1: had like some of the biggest drops since the recession.

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Speaker 1: But if you were to pull your money out during

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Speaker 1: the drop and then two weeks later, like we're rallying now,

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Speaker 1: you know, like the stock market is bouncing back, now

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Speaker 1: your money is now out, so you cannot You've already

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Speaker 1: experienced the loss, but now you can't experience the gain.

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Speaker 1: So that's why they tell you, really it's best, quite honestly,

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Speaker 1: to relax. And the truth is, like my mom called me, oh,

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Speaker 1: should I mean my money? I'm like, no, should I

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Speaker 1: sull No? I was like, mommy, you are in retirement

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Speaker 1: and your strategy should be such that you should be

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Speaker 1: invested conservatively, so based upon your age. So my dad

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Speaker 1: is seventy five, so he shouldn't have seventy five percent

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Speaker 1: of his money in the market anyway. So if he

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Speaker 1: has like the ideal, which would be about twenty five

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Speaker 1: percent in the market and then seventy five percent in

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Speaker 1: like bonds and more conservative investments, there's.

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Speaker 2: Nothing to move. You're already balanced in your investment. So yeah.

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Speaker 1: So basically, just reiterating what Mandy is saying is that

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Speaker 1: the key is that you do the work beforehand for

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Speaker 1: things like this, which is to have your investment balance,

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Speaker 1: which the rule of thumb is that you take your

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Speaker 1: age in bonds. So I am forty, I should be

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Speaker 1: forty percent in bonds, sixty percent in stocks. And when

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Speaker 1: I'm fifty, I should be fifty percent in bonds fifty

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Speaker 1: percent in stocks. But do you see like so yeah,

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Speaker 1: I say all that to say like, not you know,

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Speaker 1: not jumping in and out, like unless you're trading, like

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Speaker 1: like our friend Tila, she trades, so she's looking at

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Speaker 1: the market differently. But for long term investing that you know,

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Speaker 1: you don't have to run and jump and there's always

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Speaker 1: going to be something.

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Speaker 3: Yeah, And that's why I'm still gonna be a fan

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Speaker 3: of that target date fund. One think about my age.

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Speaker 3: I'm just like that twenty fifty five fun will just

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Speaker 3: take care of me and you know, recalibrate as I

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Speaker 3: get older. But it is smart at least once a

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Speaker 3: year to look at your investments if you're not in

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Speaker 3: a target date fund, and you know, consulting an expert

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Speaker 3: investment advisor to make sure that you're properly balanced and

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Speaker 3: you're not taking on more risk. Than as appropriate for

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Speaker 3: your age and your your timeline. But it's so much

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Speaker 3: I mean, the you know, obviously you want you know,

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Speaker 3: my thoughts are with the families and impacted by this.

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Speaker 3: It's got to be really terrifying to be quarantine in

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Speaker 3: your house with this weird new virus. But in terms

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Speaker 3: of like the psychological impact to investors, it's always fascinating

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Speaker 3: to me just the conversations people have about their finances

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Speaker 3: around like the market downturns like this. I'm always just

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Speaker 3: like I'm like, oh, what type of people are going

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Speaker 3: to be the ones to like call up their eventual

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Speaker 3: advisor freaking out? And who's going to you know, stay

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Speaker 3: the course? And yes, as a great recession baby who

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Speaker 3: started her four oh one k and nine, I really

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Speaker 3: took I mean I was fortunate, I feel like to

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Speaker 3: start investing them because it was like everything was on sale,

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Speaker 3: it was all very cheap, and the market was you know,

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Speaker 3: on the on the decline. And over the past ten years,

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Speaker 3: I've got to experience all those gains and I try

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Speaker 3: to just tell myself that story again, like there are

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Speaker 3: ups and downs and just remembering that and looking at

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Speaker 3: what history, you know, tells us and not trying to

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Speaker 3: listen to what so and so on c NBC or

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Speaker 3: whatever Bloomberg is saying for today. Yeah, agreed, wash your

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Speaker 3: hands people twenty seconds seeing the ABC's while you do it.

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Speaker 1: Yes, literally, It's so funny. When I taught pre school,

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Speaker 1: I used to have the kids do that. That's how

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Speaker 1: they would know that they washed their hands long enough.

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Speaker 3: Preschoolers have a better hygiene than a lot of adults

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Speaker 3: out there. I see, y'all. Yes, I am trying to.

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Speaker 3: I tried and grab the bottom of My trick is

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Speaker 3: to grab the bottom of every door handle because I

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Speaker 3: figure more people to touch the top of them. And

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Speaker 3: I'm like, I'll reach down awkwardly to the subway poll

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Speaker 3: and try and grab like the oh it's part of

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Speaker 3: the poll. I can without being you know, into a

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Speaker 3: prentzeil just to say myself, but yeah, definitely hand sanitizer

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Speaker 3: within an inch of your life. You guys, all right?

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Speaker 3: What else? What else is going on? How's Molly Moore?

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Speaker 3: Did you you hit your fundraising goal?

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Speaker 2: I did?

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Speaker 1: There were we are in the stretch goal, so I

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Speaker 1: told myself for every I did the math. So our

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Speaker 1: fundraising goal was thirty five thousand dollars, and what that

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Speaker 1: meant was I'd be able to give donate a thousand

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Speaker 1: books to children in low income communities and to hire

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Speaker 1: for financial literacy experts and educators to write some free

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Speaker 1: curriculum for children. So I that way, I can put

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Speaker 1: it on the Mollymore site and donate that right back

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Speaker 1: to y'all. And now we're almost at forty thousand dollars,

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Speaker 1: so people.

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Speaker 3: Are still donating.

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Speaker 1: Yes, which because you're doing something called yes stretch goals.

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Speaker 1: So with the stretch goals, what that means is, Okay,

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Speaker 1: for every additional five thousand that I raised, I did

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Speaker 1: the math, I can donate an additional two hunch books,

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Speaker 1: so instead of just a thousand books, now we're about

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Speaker 1: one thy two hundred, and I can hire one additional teacher.

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Speaker 1: So I'm excited about that. So if you haven't already,

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Speaker 1: you can still go to mollymore dot com, even if

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Speaker 1: you're listening to this five years from now, Mollymore dot com.

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Speaker 2: You could just buy a book.

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Speaker 1: But if the kickstarter is still live, if you go

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Speaker 1: to Mollymore M A L I, M R E dot com,

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Speaker 1: you can contribute and not only do you get a

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Speaker 1: book for yourself, but you can also help make this

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Speaker 1: world more financially literate.

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Speaker 2: So I'm excited.

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Speaker 3: Oh congratulations, that's awesome.

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Speaker 2: Thank you.

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Speaker 1: It feels like on the other side, I'm like, whoof, oh, Molly,

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Speaker 1: like we should do a whole Kickstarter episode about like

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Speaker 1: what it takes to like, you know, do a successful

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Speaker 1: Kickstarter or fund, like a crowd raising crowdfundraising. That was

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Speaker 1: really like an interesting I'd never done that before, so

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Speaker 1: there's a lot of things I learned that we you know,

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Speaker 1: it was just a really good experience because I feel

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Speaker 1: like we learned a lot.

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Speaker 2: We didn't do everything right, but we did do right,

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Speaker 2: you know, was enough, But I learned a lot. It

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Speaker 2: was definitely a big learning lessons fa Well.

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Speaker 3: If you guys have any stories of crowdfunding or questions

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Speaker 3: about starting a crowdfunding campaign or things that work for y'all,

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Speaker 3: feel free to send them in. You can hit us

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Speaker 3: up at brand Ambition Podcast at gmail dot com dot com,

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Speaker 3: or shoot us a note on Instagram. Brand Ambition Podcast

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Speaker 3: on Instagram. Also, we have a website, Brand ambition Podcast

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Speaker 3: dot com. You can ask us anything there which gets

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Speaker 3: us your messages as well. And speaking of that. Let's

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Speaker 3: take a quick break and we'll come back and answer

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Speaker 3: some of your questions for this week. All right, guys,

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Speaker 3: we are back and ready to tackle your questions again.

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Speaker 3: Hit us with your questions. You can wait. Hit us

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Speaker 3: with your questions. Hit us up with your questions. Brand

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Speaker 3: Ambission Podcast on Instagram or sorry the Graham what do

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Speaker 3: people say? Ig or email us directly Brandimission Podcast at

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Speaker 3: gmail dot com. We have a really interesting question from

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Speaker 3: a listener named Esther who's in the Peace Corps. First

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Speaker 3: of all, thank you for your service. Yes, that's amazing,

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Speaker 3: But she's about to leave the Peace Corps. So Esther says,

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Speaker 3: I joined the Peace Corps in twenty eighteen after graduating

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Speaker 3: college in twenty seventeen. I'm now reaching the end of

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Speaker 3: my Peace Corps service in April. Since being with the

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Speaker 3: Peace Corps, I was able to pay off one student loan,

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Speaker 3: but I'm still faced with my Sally May and federal

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Speaker 3: student loans, which total up to forty thousand dollars all together.

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Speaker 3: Because of my low income. While I've been in Peace Corps,

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Speaker 3: I was able to defer my federal loan, but of

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Speaker 3: course interest has been accruing and my Sally May loan

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Speaker 3: is a whole other monster. Now, with Peace Corp coming

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Speaker 3: to an end, I will not have a study income

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Speaker 3: to repay my loans, and I'll be given a small

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Speaker 3: lump sum of money after leaving the Peace Corps, about

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Speaker 3: seven thousand dollars. I'd like to move, but I'm planning

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Speaker 3: on only getting a job for a temporary period of time,

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Speaker 3: probably a low paying job, and I feel like there's

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Speaker 3: no way I'm going to be able to pay back

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Speaker 3: my loans. Do you guys think I'm setting myself up

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Speaker 3: for failure? How can I begin tackling my student loans?

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Speaker 3: Whenever I think about it, I panic? Would it be

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Speaker 3: smart to set up an automatic withdrawal from my savings

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Speaker 3: to my student loans? Please help me, so you do

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Speaker 3: the right thing, you guys, to wait college, you want

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Speaker 3: to give back, join the Peace Corps. But you're right.

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Speaker 3: While you're in the Peace Corps, you're not obviously making

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Speaker 3: a ton of money, if any at all. And you

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Speaker 3: come back and she's going to get a small what

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Speaker 3: they call a readjustment allowance seven thousand dollars that she

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Speaker 3: could use for whatever. I can see her hesitation though,

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Speaker 3: like taking that seven thousand dollars and chipping away at

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Speaker 3: forty thousand dollars worth of debt? Is that the best

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Speaker 3: use of you know, that readjustment allowance? And if she

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Speaker 3: only plans, you know, if she thinks she can probably

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Speaker 3: get a job, but nothing that's really high paying. When

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Speaker 3: she comes back, she's feeling like, how am I going

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Speaker 3: to be able to tackle this debt?

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Speaker 2: Well, my question is what was her name again?

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Speaker 3: Esther?

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Speaker 2: Esther?

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Speaker 1: So my question is is loan forgiveness available because she

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Speaker 1: joined the Peace Corps? Because I know, like when I

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Speaker 1: was a teacher, that student loan forgiveness was available to

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Speaker 1: me because I was teaching. And if you're you work

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Speaker 1: in like certain rural and urban areas, there are all

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Speaker 1: of these like available, There are all these ways that

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Speaker 1: you can qualify for student loan forgiveness. So I don't know, Honestly,

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Speaker 1: I don't know much about the Peace Corps. So is

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Speaker 1: there a way I would definitely look into that, Like

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Speaker 1: with the time that you spent there can that be

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Speaker 1: put towards student loan forgiveness? Because all of my loan

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Speaker 1: wasn't forgiven when I did it, and I did it retroactively,

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Speaker 1: so I was able to go back and say, oh, well,

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Speaker 1: you know, this is the time I spend as a teacher,

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Speaker 1: and they I think, I want to say, maybe like

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Speaker 1: fifteen to seventeen thousand dollars or something like that was

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Speaker 1: taken off my student loan. So I'm just sharing all

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Speaker 1: that to say that like looking into that as well,

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Speaker 1: forgiveness because of your time served.

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Speaker 3: Yeah, the thing is she doesn't mention what industry she'd

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Speaker 3: be working in either, But you're right, if it's a

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Speaker 3: public service industry, you know it's these federal forgiveness programs

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Speaker 3: are only like they're only in effect for as long

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Speaker 3: as the current administration wants them to be into it.

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Speaker 3: In effect, so let's say she comes back and she

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Speaker 3: joins a nonprofit or works for the government. Ostensibly she

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Speaker 3: could qualify for pubs something called public service loan forgiveness.

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Speaker 3: But to be honest, that program has really turned out

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Speaker 3: to be kind of a dud for a lot of people,

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Speaker 3: Like way too complicated. Some people are getting denied even

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Speaker 3: though they did the right thing by going into the

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Speaker 3: right job sector because the government kind of did a

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Speaker 3: funky job of setting up the whole process. But like

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Speaker 3: so it's not to say that loan forgivenes isn't a possibility,

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Speaker 3: but definitely you'll need to do your research and make

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Speaker 3: sure that you're following all the exact right steps so

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Speaker 3: that you potentially can qualify. And since you don't tell

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Speaker 3: us what industry, it's hard to know if maybe you'll

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Speaker 3: qualify for some of those programs that are out there,

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Speaker 3: but in general, so let's just pretend you know, you're like,

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Speaker 3: you know, you just you travel, You're coming back with

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Speaker 3: four thousand dollars in debt. You're at, you know, wanting

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Speaker 3: to get an entry level job. You're not unlike every

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Speaker 3: other college graduate out there who's sort of looking down

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Speaker 3: at this, you know, big pile of student loan debt

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Speaker 3: and not sure what to do. The good thing is,

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Speaker 3: you know you were able to defer your loans. You

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Speaker 3: weren't just like missing your loan payments this whole time

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Speaker 3: and letting you know, late payment fees and all that

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Speaker 3: kind of other stuff add up. So you're done the

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Speaker 3: right thing with your federal loans. I say, the first

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Speaker 3: thing is get on an income driven repayment plan so

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Speaker 3: they'll base your payment, which could be as low as

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Speaker 3: zero dollars, depending on how much income you have, on

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Speaker 3: whatever your income you're earning at the job you get

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Speaker 3: when you come home, and if that's no job, then

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Speaker 3: they'll base it on the fact that you're not employed

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Speaker 3: right now. That'd probably be the first step as far

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Speaker 3: as that readjustment allowance, that lump sum that you're going

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Speaker 3: to get if you don't have any savings, and it

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Speaker 3: sounds like you don't because you say that you're hoping

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Speaker 3: to build it up. I almost feel like taking that

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Speaker 3: seven K and immediately kind of using that on your loans.

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Speaker 3: I don't know if that makes the most sense. I

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Speaker 3: wonder like, I feel like you kind of need you're

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Speaker 3: going to need a savings cushion just to you know,

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Speaker 3: inoculate yourself from you know, any other setbacks so you

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Speaker 3: don't have to take on more debt to pay for

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Speaker 3: something that might come up in the future. So part

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Speaker 3: of me is like, definitely pad your savings a little bit,

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Speaker 3: Maybe take a chunk of that seven k and make

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Speaker 3: a payment on that Sally May loan if you think

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Speaker 3: that'll move the needle there and keep you out of

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Speaker 3: you know, out of God. I can't think of the word.

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Speaker 3: What's the word when you miss a payment. Yeah, thank

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Speaker 3: you like delinquency what but I don't Yeah, I mean,

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Speaker 3: what do you think, Tiffany, I mean seven thousand dollars,

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Speaker 3: it's a it's a chunk of cash. Part of me

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Speaker 3: is like, she's just starting out, she needs a little

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Speaker 3: bit of cushion in her savings, and that would give

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Speaker 3: her a little bit of a boost when she comes back.

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Speaker 1: I absolutely agree. I don't think throwing seven thousand dollars

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Speaker 1: toward the student.

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Speaker 2: Let's just say you owed five thousand dollars in student

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Speaker 2: loan debt.

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Speaker 1: I might be like slightly tempted, but the seven thousands,

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Speaker 1: not to say seven thousand is not a lot of money,

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Speaker 1: because it is, but throwing it toward forty when you

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Speaker 1: know right now you likely don't have any cushion you're

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Speaker 1: looking to move. I honestly would put that money toward

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Speaker 1: toward securing a place to live in an emergency savings account,

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Speaker 1: just in case whatever job that you're looking for doesn't

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Speaker 1: come around quick enough, and then going back to repayment

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Speaker 1: when you have a steady income coming in.

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Speaker 3: Yeah, and again, you're not unlike a lot of college

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Speaker 3: grads and forty thousand dollars sounds like a ton of money.

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Speaker 3: It's about average for what most college grad means. Sadly,

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Speaker 3: it's about average what most college graduates have of coming out,

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Speaker 3: and it's not. It's it sounds like the most money

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Speaker 3: in the entire world, but it is so doable.

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Speaker 2: All you have.

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Speaker 3: The best thing that you can do is obviously not

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Speaker 3: ignore those payments. Call your student loan servicer, ask about

433
00:21:15,119 --> 00:21:18,680
Speaker 3: income from repayment plans, get your payments adjusted so you

434
00:21:18,720 --> 00:21:21,960
Speaker 3: can afford them, and then just focus on getting that job.

435
00:21:22,040 --> 00:21:23,919
Speaker 3: You know, when you get back to the States. The

436
00:21:23,920 --> 00:21:25,280
Speaker 3: good news is that you have a bit of a

437
00:21:25,280 --> 00:21:29,000
Speaker 3: cushion with that readjustment allowance, which some people may not have,

438
00:21:29,119 --> 00:21:32,000
Speaker 3: and hopefully you don't wait too long to get a job.

439
00:21:32,080 --> 00:21:35,040
Speaker 3: But you know, you're you're not ignoring your student loans.

440
00:21:35,080 --> 00:21:36,920
Speaker 3: As you get your you know, your feet on the

441
00:21:36,960 --> 00:21:40,280
Speaker 3: ground and start, you know, start laying the groundwork for

442
00:21:40,320 --> 00:21:44,480
Speaker 3: your career. M All right, miss Esther, Well, thank you

443
00:21:44,520 --> 00:21:46,040
Speaker 3: for your service and thank you for your question.

444
00:21:46,320 --> 00:21:48,480
Speaker 1: Yeah, you know, I consider joining the Peace Corps like

445
00:21:48,560 --> 00:21:51,640
Speaker 1: right after graduating, but then I decided, you know what

446
00:21:51,800 --> 00:21:54,120
Speaker 1: that I would donate like kind of my time by

447
00:21:54,119 --> 00:21:56,960
Speaker 1: teaching preschool in a low income community.

448
00:21:57,080 --> 00:22:00,959
Speaker 3: So that's good. You know, it's sad because Thees for

449
00:22:01,000 --> 00:22:03,399
Speaker 3: what it's worth, I mean, one of the results of

450
00:22:03,440 --> 00:22:05,199
Speaker 3: their great recession was that a lot of people like

451
00:22:05,359 --> 00:22:08,560
Speaker 3: entered into AmeriCorps and Peace Corps and like because they

452
00:22:09,119 --> 00:22:11,280
Speaker 3: you know, there weren't jobs, so there were more people

453
00:22:11,320 --> 00:22:14,600
Speaker 3: going into these service oriented programs that the that the

454
00:22:14,600 --> 00:22:16,479
Speaker 3: government has. And I have a friend who works for

455
00:22:16,560 --> 00:22:19,240
Speaker 3: AmeriCorps now and he had done Americrps in the years

456
00:22:19,240 --> 00:22:21,960
Speaker 3: after the recession, and he's a recruiter and he's struggling,

457
00:22:22,080 --> 00:22:24,520
Speaker 3: like they struggle to find people now because the economy

458
00:22:24,600 --> 00:22:26,920
Speaker 3: is good and people are more likely to get jobs.

459
00:22:26,920 --> 00:22:29,360
Speaker 3: So it's kind of like the benefit of a downturn

460
00:22:29,480 --> 00:22:31,359
Speaker 3: is that there's a lot of young people who need

461
00:22:31,720 --> 00:22:33,679
Speaker 3: work and they're more likely to take those jobs. And

462
00:22:33,720 --> 00:22:35,680
Speaker 3: since you know, the economy is me to come back,

463
00:22:36,040 --> 00:22:39,040
Speaker 3: there's less people for those you know, the Peace Corps

464
00:22:39,040 --> 00:22:42,280
Speaker 3: and programs like that. So it's great that you know,

465
00:22:42,400 --> 00:22:44,800
Speaker 3: there's still people volunteering, but not as many as before.

466
00:22:45,560 --> 00:22:47,919
Speaker 2: Yeah, no, it is already.

467
00:22:48,000 --> 00:22:51,040
Speaker 3: Want me say one more question. This is this isn't easy,

468
00:22:51,240 --> 00:22:52,840
Speaker 3: you know, this is an easy question, but I also

469
00:22:52,840 --> 00:22:55,679
Speaker 3: think it's an interesting time to answer it because savings

470
00:22:55,800 --> 00:22:57,400
Speaker 3: rates are not what they used to be just even

471
00:22:57,440 --> 00:22:59,960
Speaker 3: a few months ago. So this is a question from

472
00:23:00,240 --> 00:23:05,639
Speaker 3: we'll call her Lisa from Instagram, Lealie Lisa. All Right,

473
00:23:05,680 --> 00:23:07,720
Speaker 3: she says, a quick question. I'm sure you've answered this before,

474
00:23:08,000 --> 00:23:10,359
Speaker 3: but which savings account do you recommend to get the

475
00:23:10,400 --> 00:23:13,320
Speaker 3: most interest today? Or what should I compare when looking

476
00:23:13,359 --> 00:23:16,320
Speaker 3: into a high yield savings account? Thank you for continuing

477
00:23:16,359 --> 00:23:19,280
Speaker 3: this great podcast. So the reason I think this is

478
00:23:19,280 --> 00:23:23,520
Speaker 3: interesting obviously with savings accounts, we're you know, we've talked

479
00:23:23,520 --> 00:23:25,600
Speaker 3: about the banks that were fans of because they have

480
00:23:25,680 --> 00:23:29,439
Speaker 3: high rates. But I have been a longtime fan of

481
00:23:29,520 --> 00:23:32,560
Speaker 3: ally and they tend to have, if not the highest,

482
00:23:32,560 --> 00:23:35,200
Speaker 3: one of the highest savings rates, but like a lot

483
00:23:35,280 --> 00:23:37,880
Speaker 3: of even the high yield savings rates out there right now,

484
00:23:37,960 --> 00:23:42,880
Speaker 3: my rate has been on the downturn. Yeah, like every

485
00:23:42,880 --> 00:23:45,159
Speaker 3: other week, it's like, sorry, we're gonna knock off a

486
00:23:45,200 --> 00:23:47,720
Speaker 3: tenth of a percentage point from your rate. And the

487
00:23:47,800 --> 00:23:51,720
Speaker 3: reason is that the Fed. If you have been paying

488
00:23:51,760 --> 00:23:53,720
Speaker 3: attention to what the Fed has been doing, they've been

489
00:23:54,119 --> 00:23:57,760
Speaker 3: cutting interest rates. And when they cut rates. Typically, to

490
00:23:57,800 --> 00:24:01,639
Speaker 3: make things simple, banks lowered the rate on savings accounts

491
00:24:01,680 --> 00:24:06,480
Speaker 3: and other deposit accounts like CDs, So now that rates

492
00:24:06,480 --> 00:24:09,000
Speaker 3: are going down, you're seeing your savings rates going down

493
00:24:09,000 --> 00:24:12,800
Speaker 3: to which is want want not so great, but still

494
00:24:12,880 --> 00:24:15,479
Speaker 3: like online banks like ally tend to have the highest

495
00:24:15,520 --> 00:24:18,199
Speaker 3: rates as far as I know, I can post a

496
00:24:18,240 --> 00:24:20,120
Speaker 3: link again to a couple of sites where you can

497
00:24:20,160 --> 00:24:23,760
Speaker 3: easily compare rates, and I definitely think that you should

498
00:24:23,840 --> 00:24:26,040
Speaker 3: because there's so many banks out there that you know,

499
00:24:26,119 --> 00:24:28,280
Speaker 3: even new banks that weren't run a couple of years ago,

500
00:24:28,359 --> 00:24:31,400
Speaker 3: that are offering much higher rates than what you get

501
00:24:31,400 --> 00:24:33,440
Speaker 3: from traditional banks these days.

502
00:24:34,000 --> 00:24:36,199
Speaker 1: And just being mindful, that's why I was just I

503
00:24:36,240 --> 00:24:39,919
Speaker 1: just spooke at the Jackie Robinson Foundation like this past weekend.

504
00:24:40,040 --> 00:24:43,239
Speaker 3: Humble brag, but I was.

505
00:24:43,440 --> 00:24:46,200
Speaker 1: I always always always point everyone to Magnify Money when

506
00:24:46,240 --> 00:24:48,080
Speaker 1: looking for a bank, and I tell them this is

507
00:24:48,080 --> 00:24:51,440
Speaker 1: a criteria fdic inshore because you want to be able

508
00:24:51,480 --> 00:24:53,760
Speaker 1: to get at least some of your money back should

509
00:24:53,840 --> 00:24:56,760
Speaker 1: that bank go under. What I like about Magnify Money

510
00:24:56,880 --> 00:24:58,800
Speaker 1: is that they give you clear grades. You know an

511
00:24:58,880 --> 00:25:01,000
Speaker 1: F is not good and don't nobody want no c

512
00:25:01,160 --> 00:25:03,639
Speaker 1: banks so you're looking for an A, so looking for

513
00:25:03,640 --> 00:25:05,639
Speaker 1: a bank with an A, looking for a bank that

514
00:25:05,720 --> 00:25:08,000
Speaker 1: gives you the highest interest rate, and then you're also

515
00:25:08,040 --> 00:25:11,000
Speaker 1: looking for a bank where they have a low required

516
00:25:11,080 --> 00:25:13,320
Speaker 1: deposit in order to get that interest rate and to

517
00:25:13,400 --> 00:25:15,119
Speaker 1: keep that account open or even to.

518
00:25:15,119 --> 00:25:16,000
Speaker 2: Open that account.

519
00:25:16,160 --> 00:25:18,400
Speaker 1: So if you look for those four criteria on magnified

520
00:25:18,400 --> 00:25:20,720
Speaker 1: money dot com, you should find a bank that's best

521
00:25:20,880 --> 00:25:21,359
Speaker 1: for you.

522
00:25:21,880 --> 00:25:24,760
Speaker 3: Yeah, one hundred percent. You don't want any minimum balance requirement.

523
00:25:24,800 --> 00:25:27,159
Speaker 3: You don't want to pay fees, you don't want to

524
00:25:27,160 --> 00:25:29,000
Speaker 3: have to pay like the best. One of the things

525
00:25:29,040 --> 00:25:30,919
Speaker 3: I love about ally is that they reimburse you for

526
00:25:30,960 --> 00:25:34,800
Speaker 3: ATM fees and that's a really common way that banks

527
00:25:34,800 --> 00:25:37,119
Speaker 3: can get you these days, or with those ATM fees.

528
00:25:37,440 --> 00:25:39,960
Speaker 3: But there's other ones too. Capital one three sixty. My

529
00:25:40,080 --> 00:25:42,840
Speaker 3: brother I think signed up for the Marcus Savings account

530
00:25:43,119 --> 00:25:46,840
Speaker 3: through Goldman Sachs. There's I think Robinhood's launching its own

531
00:25:47,440 --> 00:25:49,960
Speaker 3: like cash management savings account. There's all these new ones

532
00:25:49,960 --> 00:25:54,240
Speaker 3: out there, So I mean, you know, I will support

533
00:25:54,240 --> 00:25:57,000
Speaker 3: Tiffany's endorsement for Magnified Money, even though technically I work

534
00:25:57,040 --> 00:26:00,840
Speaker 3: for them. But I'll post a link to our page

535
00:26:00,840 --> 00:26:04,080
Speaker 3: where you can look at savings accounts and if this

536
00:26:04,160 --> 00:26:06,720
Speaker 3: is a good opportunity, even though rates are on the downturn, like,

537
00:26:06,720 --> 00:26:09,920
Speaker 3: there's still way higher rates out there, if you're still

538
00:26:09,920 --> 00:26:12,679
Speaker 3: banking with that old brick and mortar bank, like, it's

539
00:26:12,680 --> 00:26:15,320
Speaker 3: it's time, you guys, It's time to try and find

540
00:26:15,320 --> 00:26:18,560
Speaker 3: a better rate and make more money on your savings

541
00:26:18,560 --> 00:26:21,520
Speaker 3: if you can. Yeah, all right, all right, thank you

542
00:26:21,560 --> 00:26:24,360
Speaker 3: guys for your questions. Again. Brandabisson podcast at gmail dot

543
00:26:24,400 --> 00:26:27,119
Speaker 3: com dot com or shoot us a question like Lisa

544
00:26:27,119 --> 00:26:30,119
Speaker 3: did on Instagram where Brand Ambision podcast on the Gram.

545
00:26:30,760 --> 00:26:33,640
Speaker 1: And now it's time to boost a break for all

546
00:26:33,800 --> 00:26:36,600
Speaker 1: our family family get it, friends and families and it

547
00:26:36,640 --> 00:26:36,959
Speaker 1: got it?

548
00:26:37,640 --> 00:26:41,440
Speaker 2: Will you boost? Will you breg what you gon't do?

549
00:26:42,040 --> 00:26:47,680
Speaker 3: Mandy, I'm gonna do a boost for a little something

550
00:26:48,000 --> 00:26:52,040
Speaker 3: that is called r SU's restricted stock units. Not to

551
00:26:52,760 --> 00:26:55,320
Speaker 3: bore you guys with more acronyms, but this is something

552
00:26:55,320 --> 00:26:58,280
Speaker 3: that came up, especially if you're at a publicly traded company,

553
00:26:58,280 --> 00:27:00,560
Speaker 3: one of the ways they can sometimes incentive advise you.

554
00:27:00,640 --> 00:27:02,440
Speaker 3: And this is stuff that I wish I knew when

555
00:27:02,480 --> 00:27:05,080
Speaker 3: I first worked, when I first got my job at Yahoo,

556
00:27:05,080 --> 00:27:07,040
Speaker 3: because they gave me a bunch of RSUs and I

557
00:27:07,080 --> 00:27:09,560
Speaker 3: had no idea what they were. And I find myself

558
00:27:09,560 --> 00:27:12,040
Speaker 3: now as a manager having to explain to people on

559
00:27:12,080 --> 00:27:15,000
Speaker 3: my team, like, here's this really cool benefit that we have,

560
00:27:15,680 --> 00:27:18,000
Speaker 3: and people don't know what they are how to use them. So,

561
00:27:18,480 --> 00:27:21,080
Speaker 3: when you work for a publicly traded company like Apple

562
00:27:21,320 --> 00:27:23,960
Speaker 3: or whatever, sometimes they will give you like a batch

563
00:27:24,000 --> 00:27:27,399
Speaker 3: of restricted stock units. What this means is they're gonna,

564
00:27:27,760 --> 00:27:29,800
Speaker 3: let's let's say they give you one hundred shares of

565
00:27:29,840 --> 00:27:33,040
Speaker 3: the company they may have. They may say, Okay, stay

566
00:27:33,040 --> 00:27:34,719
Speaker 3: with us for a year, and we're going to give

567
00:27:34,800 --> 00:27:36,920
Speaker 3: you these hundred shares in a year, and you can

568
00:27:36,920 --> 00:27:38,800
Speaker 3: decide what to do with them. They're going to what

569
00:27:38,840 --> 00:27:42,320
Speaker 3: they call vest and vesting means they become available to

570
00:27:42,359 --> 00:27:45,159
Speaker 3: you to sell or trade or do whatever. And what

571
00:27:45,240 --> 00:27:49,040
Speaker 3: inevitably happens when RSUs finally vest is people are like

572
00:27:49,160 --> 00:27:50,800
Speaker 3: what a why do oh man?

573
00:27:51,040 --> 00:27:51,119
Speaker 1: Like?

574
00:27:51,440 --> 00:27:54,080
Speaker 3: And this happens to me too, Like you usually have

575
00:27:54,240 --> 00:27:56,320
Speaker 3: like a window when you can trade. So if you're

576
00:27:56,320 --> 00:27:59,679
Speaker 3: an employee of a company, you may have vested stock,

577
00:27:59,680 --> 00:28:02,879
Speaker 3: which means you can now you know, technically sell it

578
00:28:02,920 --> 00:28:05,720
Speaker 3: if you wanted to. But the company can control when

579
00:28:05,800 --> 00:28:08,560
Speaker 3: you can sell it, and like inevitably it may happen

580
00:28:08,600 --> 00:28:10,760
Speaker 3: that the stock goes down all of a sudden and

581
00:28:10,800 --> 00:28:13,400
Speaker 3: now it's time for you to sell them. And people

582
00:28:13,480 --> 00:28:15,520
Speaker 3: are often like, oh, man, I'm going to hold on

583
00:28:15,680 --> 00:28:18,760
Speaker 3: to the stock because I think the company, you know,

584
00:28:18,800 --> 00:28:20,679
Speaker 3: we'll be doing better next year, and I'm just going

585
00:28:20,720 --> 00:28:24,240
Speaker 3: to hold on to it. And people sometimes ask me,

586
00:28:24,359 --> 00:28:27,080
Speaker 3: you know, what do you do with your RSUs? And

587
00:28:27,560 --> 00:28:30,480
Speaker 3: the way that I try and think about RSUs because

588
00:28:30,480 --> 00:28:33,680
Speaker 3: I don't have a huge appetite for playing the market. Also,

589
00:28:34,520 --> 00:28:36,879
Speaker 3: I don't want to have a ton of my investments

590
00:28:37,200 --> 00:28:40,000
Speaker 3: tied up in the company where I work for. So

591
00:28:40,560 --> 00:28:43,400
Speaker 3: the way that I've approached RSUs over the years is

592
00:28:43,400 --> 00:28:46,960
Speaker 3: whatever the stock price is when those RSUs finally vest,

593
00:28:46,960 --> 00:28:49,280
Speaker 3: which means I can finally, like I said, cash them

594
00:28:49,280 --> 00:28:52,120
Speaker 3: out or trade them or whatever I get rid of them.

595
00:28:52,480 --> 00:28:54,760
Speaker 3: I'll sell them and I will add them to my

596
00:28:55,080 --> 00:28:58,280
Speaker 3: you know, I I'll trade them for like mutual funds

597
00:28:58,360 --> 00:29:01,000
Speaker 3: or whatever else I'm invested in, because I don't want

598
00:29:01,040 --> 00:29:03,760
Speaker 3: to have a big portion of my investments tied up

599
00:29:03,800 --> 00:29:07,680
Speaker 3: in one single stock. And I think because people work

600
00:29:07,720 --> 00:29:10,360
Speaker 3: for the company they're more like sometimes they feel like

601
00:29:10,400 --> 00:29:12,400
Speaker 3: it's safer, you know, just to keep the money where

602
00:29:12,440 --> 00:29:15,120
Speaker 3: it is. And but would you really have so much

603
00:29:15,120 --> 00:29:17,960
Speaker 3: of your investments tied up, you know, in just one

604
00:29:18,040 --> 00:29:21,080
Speaker 3: single stock otherwise, like probably not, And a lot of

605
00:29:21,080 --> 00:29:23,680
Speaker 3: experts would say that's probably not the best idea. So

606
00:29:23,760 --> 00:29:26,920
Speaker 3: my approach is to sell them and use them to

607
00:29:27,240 --> 00:29:31,120
Speaker 3: trade for mutual funds or invest in other areas. And

608
00:29:31,160 --> 00:29:34,560
Speaker 3: it's really hard because, like I said, you're watching that

609
00:29:34,720 --> 00:29:37,520
Speaker 3: stock price, and if the stock goes down when you

610
00:29:37,560 --> 00:29:40,560
Speaker 3: get those RSUs finally invested, you feel like, oh, I

611
00:29:40,560 --> 00:29:43,120
Speaker 3: just want to hold on to them. But again I

612
00:29:43,200 --> 00:29:44,760
Speaker 3: just try and think of it as like this is

613
00:29:44,800 --> 00:29:48,400
Speaker 3: money I wouldn't have had otherwise. So I Am just

614
00:29:48,480 --> 00:29:51,920
Speaker 3: going to sell them, get rid of it, and just

615
00:29:52,040 --> 00:29:55,360
Speaker 3: make my peace with it and not try and you know,

616
00:29:55,480 --> 00:29:58,520
Speaker 3: play the market with the company where I get my paycheck.

617
00:29:58,880 --> 00:30:02,640
Speaker 3: And also now I have stocks. So that is your

618
00:30:02,800 --> 00:30:07,760
Speaker 3: what I hope was a quick, easy explanation of RSUs.

619
00:30:07,800 --> 00:30:11,080
Speaker 3: And if you have RSUs, don't ignore them. They're a

620
00:30:11,120 --> 00:30:14,600
Speaker 3: really cool benefit, but you should know what to do

621
00:30:14,640 --> 00:30:17,160
Speaker 3: with them and what they really mean for you.

622
00:30:17,160 --> 00:30:19,360
Speaker 1: No, that was that was good I never quite honestly,

623
00:30:19,800 --> 00:30:22,719
Speaker 1: because I guess I never worked for a publicly traded company,

624
00:30:23,200 --> 00:30:23,560
Speaker 1: so that.

625
00:30:23,600 --> 00:30:26,160
Speaker 2: Was good for me. I'm like learning new teams.

626
00:30:26,280 --> 00:30:27,200
Speaker 3: That's how they trap you.

627
00:30:29,040 --> 00:30:29,520
Speaker 2: I could see that.

628
00:30:29,560 --> 00:30:33,480
Speaker 3: I'm sorry, incentivize you. Yeah, that's the right word.

629
00:30:33,920 --> 00:30:35,360
Speaker 2: No, that was good and helpful.

630
00:30:35,640 --> 00:30:37,720
Speaker 1: So I am actually going to This is like a

631
00:30:37,800 --> 00:30:42,400
Speaker 1: hybrid boosty Breakye have you heard of the Honeypot and

632
00:30:42,440 --> 00:30:43,800
Speaker 1: the scandal that's going on right now?

633
00:30:44,800 --> 00:30:47,160
Speaker 3: No, but tell me so.

634
00:30:47,320 --> 00:30:51,160
Speaker 1: Honeypot is a it's a black woman owned company. And

635
00:30:51,200 --> 00:30:53,080
Speaker 1: you know, Target has been going hard on the paint

636
00:30:53,120 --> 00:30:56,200
Speaker 1: for us browns out here, which I love Target during

637
00:30:56,240 --> 00:30:58,400
Speaker 1: Black History Month. I don't know if you've been if

638
00:30:58,400 --> 00:31:01,200
Speaker 1: you've been watching TV a little bit, but the commercial

639
00:31:01,320 --> 00:31:03,280
Speaker 1: they have all these really great Black history kind of

640
00:31:03,280 --> 00:31:07,360
Speaker 1: commercials where they're they've been showcasing like all of these

641
00:31:07,400 --> 00:31:10,000
Speaker 1: black brands. That's what was happening in February. And if

642
00:31:10,000 --> 00:31:12,400
Speaker 1: you went to Target, they had like a black history section.

643
00:31:12,640 --> 00:31:15,800
Speaker 1: So anything, it's just been honestly, just a black and

644
00:31:15,840 --> 00:31:19,520
Speaker 1: brown love best over there at Target. So this woman,

645
00:31:19,640 --> 00:31:23,800
Speaker 1: her name is Beatrice, and I met Beatrice before Beatrice Dixon.

646
00:31:24,000 --> 00:31:27,080
Speaker 1: She and I sat on the panel at essence fests

647
00:31:27,120 --> 00:31:27,920
Speaker 1: like two years ago.

648
00:31:27,960 --> 00:31:31,440
Speaker 2: She's super nice. She started this company called Honeypot.

649
00:31:31,560 --> 00:31:36,640
Speaker 1: Which creates like vegan, safe health and beauty products for

650
00:31:36,720 --> 00:31:38,360
Speaker 1: your honeypot, if you know what I mean.

651
00:31:39,600 --> 00:31:42,000
Speaker 3: The honey pot. Is that a euphemism for something.

652
00:31:42,000 --> 00:31:44,320
Speaker 2: Well feminine beauty hygiene products?

653
00:31:44,400 --> 00:31:45,360
Speaker 3: Is it for the vagina?

654
00:31:45,760 --> 00:31:46,040
Speaker 2: Yes?

655
00:31:46,120 --> 00:31:51,800
Speaker 3: Okay, what are you saying? What's a honeypot.

656
00:31:54,320 --> 00:31:54,840
Speaker 2: Vagina?

657
00:31:55,400 --> 00:31:55,800
Speaker 1: Yes?

658
00:31:57,480 --> 00:31:57,640
Speaker 2: Right?

659
00:31:57,800 --> 00:32:00,720
Speaker 1: And so she's got this really great ad that was

660
00:32:00,760 --> 00:32:03,840
Speaker 1: on TV, like I mentioned, and in it she says,

661
00:32:03,880 --> 00:32:05,840
Speaker 1: you know, it's just it's been so awesome to start

662
00:32:05,840 --> 00:32:08,960
Speaker 1: this company, especially for young black women, like a black

663
00:32:09,000 --> 00:32:10,720
Speaker 1: woman like me, to be able to do something like

664
00:32:10,760 --> 00:32:11,840
Speaker 1: this girl.

665
00:32:11,920 --> 00:32:13,440
Speaker 2: The racist came out.

666
00:32:13,720 --> 00:32:16,800
Speaker 1: They came out and they were livid that she They

667
00:32:16,840 --> 00:32:19,880
Speaker 1: were like, is this a product just for black women?

668
00:32:20,360 --> 00:32:20,760
Speaker 2: She didn't.

669
00:32:20,920 --> 00:32:24,800
Speaker 1: She literally said for a black woman. I'm really proud

670
00:32:24,840 --> 00:32:26,640
Speaker 1: of myself as a black woman that I've been able

671
00:32:26,640 --> 00:32:29,000
Speaker 1: to accomplish this. She didn't say the product was for

672
00:32:29,040 --> 00:32:31,600
Speaker 1: black women. She didn't say anything else. She literally just

673
00:32:31,640 --> 00:32:33,440
Speaker 1: said this is what I am, as if to say,

674
00:32:34,360 --> 00:32:37,800
Speaker 1: I honestly my mind is blown. Like racist came out

675
00:32:37,880 --> 00:32:41,400
Speaker 1: and droves and trust Pilot is this website where I've

676
00:32:41,520 --> 00:32:44,040
Speaker 1: used trust Pilot before where you can kind of it's

677
00:32:44,080 --> 00:32:46,440
Speaker 1: like yelp, but for business, well love was for businesses,

678
00:32:46,600 --> 00:32:50,160
Speaker 1: like so right, So they came out and they were

679
00:32:50,160 --> 00:32:52,600
Speaker 1: giving her one star reviews.

680
00:32:52,320 --> 00:32:54,360
Speaker 3: And trying to say this, like where did she make

681
00:32:54,400 --> 00:32:56,120
Speaker 3: that statement her?

682
00:32:56,160 --> 00:32:57,600
Speaker 1: It was her ad But you can go to YouTube

683
00:32:57,640 --> 00:33:01,640
Speaker 1: and type in honeypot Target the Target. So it was

684
00:33:01,680 --> 00:33:03,360
Speaker 1: on TV and I know the thing is that I've

685
00:33:03,360 --> 00:33:04,920
Speaker 1: been seeing the ad for why. I don't know why

686
00:33:04,960 --> 00:33:06,800
Speaker 1: all of a sudden that at the Blue It just

687
00:33:06,880 --> 00:33:08,920
Speaker 1: like because the AD's been running almost like I feel

688
00:33:08,960 --> 00:33:11,640
Speaker 1: like all February. But then literally the last few days,

689
00:33:12,040 --> 00:33:14,200
Speaker 1: I don't know if a popular racist got a hold

690
00:33:14,200 --> 00:33:15,800
Speaker 1: of it and showed it and people were like, I'm

691
00:33:15,840 --> 00:33:16,880
Speaker 1: never going back to Target again.

692
00:33:16,920 --> 00:33:18,080
Speaker 2: But you know, they all say that.

693
00:33:18,320 --> 00:33:20,640
Speaker 1: And they what was really bad is that they purposely

694
00:33:20,640 --> 00:33:23,120
Speaker 1: tried to tank her business by giving her one star

695
00:33:23,240 --> 00:33:26,480
Speaker 1: reviews on this well respected platform, so much so that

696
00:33:26,560 --> 00:33:30,880
Speaker 1: trust Pilot had to disable your ability to leave reviews seriously,

697
00:33:31,960 --> 00:33:33,560
Speaker 1: which never seen go ahead.

698
00:33:33,720 --> 00:33:35,720
Speaker 3: Yeah, well, what were people taking issue with just the

699
00:33:35,760 --> 00:33:39,360
Speaker 3: fact that she made a product for women of color?

700
00:33:39,840 --> 00:33:42,960
Speaker 1: Yes, and so she no, no, no, she didn't make

701
00:33:43,280 --> 00:33:45,480
Speaker 1: she she didn't make a product for women of color.

702
00:33:45,760 --> 00:33:49,000
Speaker 1: She said in the ad, basically referring to herself as

703
00:33:49,000 --> 00:33:50,880
Speaker 1: a woman of color, and how this is like a

704
00:33:50,880 --> 00:33:53,200
Speaker 1: big deal because you know, being a woman of color,

705
00:33:53,240 --> 00:33:56,360
Speaker 1: like being having this opportunity to create a product like

706
00:33:56,400 --> 00:33:57,800
Speaker 1: this is a big deal. She didn't stay it's for

707
00:33:57,840 --> 00:34:00,920
Speaker 1: women of color. People are literally writing black girls are

708
00:34:00,920 --> 00:34:03,760
Speaker 1: empowered using this product. I guess white girls aren't. I'll

709
00:34:03,800 --> 00:34:06,720
Speaker 1: be letting Target know about this racist company. This is

710
00:34:06,720 --> 00:34:07,920
Speaker 1: what people are like posting.

711
00:34:08,440 --> 00:34:10,920
Speaker 3: That's what people say. Would you ever would they ever

712
00:34:10,960 --> 00:34:13,799
Speaker 3: allow a show called White Ambition to show this? Yet

713
00:34:13,840 --> 00:34:16,680
Speaker 3: Brown Ambition is the racist Get out of here.

714
00:34:17,200 --> 00:34:19,160
Speaker 2: People are just like I just couldn't believe.

715
00:34:20,239 --> 00:34:22,360
Speaker 1: I mean, I can't support a company and good faith

716
00:34:22,400 --> 00:34:24,400
Speaker 1: that it's openly racist about their customers.

717
00:34:24,600 --> 00:34:27,239
Speaker 2: She didn't talk about the customers. She literally said what

718
00:34:27,320 --> 00:34:27,799
Speaker 2: she is.

719
00:34:27,880 --> 00:34:33,279
Speaker 1: I just honestly, I sometimes I just people can really

720
00:34:33,320 --> 00:34:36,480
Speaker 1: be so terrible. But on the brighter note, sisters have

721
00:34:36,600 --> 00:34:38,759
Speaker 1: been coming forward for her. This is why I love

722
00:34:39,000 --> 00:34:41,479
Speaker 1: brown and black women. So I'm in a group called

723
00:34:41,480 --> 00:34:44,360
Speaker 1: and you guys have heard me talk about building branded

724
00:34:44,560 --> 00:34:47,120
Speaker 1: launched by Arsa Jones. And so that's when I first

725
00:34:47,200 --> 00:34:49,920
Speaker 1: heard about the story, and BuzzFeed News actually picked it

726
00:34:49,960 --> 00:34:52,919
Speaker 1: up just recently today actually, but I saw that someone

727
00:34:53,000 --> 00:34:54,839
Speaker 1: was like, we need to help the sisters out. They're

728
00:34:54,880 --> 00:34:57,880
Speaker 1: leaving these really negative reviews because of her ad. That's

729
00:34:57,960 --> 00:35:00,799
Speaker 1: not racist at all. It's actually a powering And she

730
00:35:00,840 --> 00:35:03,520
Speaker 1: doesn't say it's for black women. She says it's you know,

731
00:35:03,560 --> 00:35:06,240
Speaker 1: she doesn't say anything about the product being for anybody

732
00:35:06,280 --> 00:35:06,760
Speaker 1: but women.

733
00:35:06,880 --> 00:35:08,840
Speaker 2: She just refers to herself as a black woman.

734
00:35:09,040 --> 00:35:12,200
Speaker 1: And just even saying I am a black woman is

735
00:35:12,280 --> 00:35:15,600
Speaker 1: offensive to people because how dare you name yourself? And

736
00:35:15,680 --> 00:35:18,560
Speaker 1: so we all went in and started like, well, the

737
00:35:19,120 --> 00:35:22,200
Speaker 1: we started to overwhelm the system with positive reviews and

738
00:35:22,440 --> 00:35:24,400
Speaker 1: before you knew it, within like twenty four hours, it

739
00:35:24,440 --> 00:35:27,279
Speaker 1: was less than one percent worth these negative reviews and

740
00:35:27,360 --> 00:35:30,960
Speaker 1: we had turned the tide. Yes, it was like this

741
00:35:31,120 --> 00:35:33,840
Speaker 1: rallying point, like all these other black women entrepreneurs are like,

742
00:35:33,840 --> 00:35:38,080
Speaker 1: oh hell no. So Dixon Beatrice she launched this. It's

743
00:35:38,120 --> 00:35:41,160
Speaker 1: a plant based feminine hygiene line. She launched it in

744
00:35:41,200 --> 00:35:44,000
Speaker 1: twenty fourteen, and as a result of all of this,

745
00:35:44,840 --> 00:35:49,520
Speaker 1: like hubbub, she reported to BuzzFeed News that the company's

746
00:35:49,520 --> 00:35:52,080
Speaker 1: retailers have jumped twenty to thirty percent since.

747
00:35:51,880 --> 00:35:55,560
Speaker 2: The backlast oh her sales. Yes, it's not crazy pre

748
00:35:55,719 --> 00:35:57,000
Speaker 2: press exactly.

749
00:35:57,160 --> 00:35:58,799
Speaker 3: No press, No press is bad press.

750
00:35:58,880 --> 00:36:00,240
Speaker 2: Right, But here's the thing.

751
00:36:00,640 --> 00:36:01,960
Speaker 1: I just don't know how you can look at this

752
00:36:01,960 --> 00:36:05,960
Speaker 1: commercial and say that it's racist. She just says, this

753
00:36:06,000 --> 00:36:08,520
Speaker 1: is who I am. I created this line, and that's

754
00:36:08,520 --> 00:36:11,239
Speaker 1: because it's clearly to celebrate. Target is doing this like

755
00:36:11,239 --> 00:36:14,160
Speaker 1: Black History celebration, and as a black woman, I'm really

756
00:36:14,200 --> 00:36:15,839
Speaker 1: proud that I was able to do do a thing

757
00:36:16,160 --> 00:36:18,640
Speaker 1: that was it not this product is for.

758
00:36:18,680 --> 00:36:20,040
Speaker 2: Black women, not anything else.

759
00:36:20,120 --> 00:36:24,960
Speaker 1: I honestly, I yeah.

760
00:36:24,040 --> 00:36:25,960
Speaker 2: I just don't know what to say. I don't even know.

761
00:36:26,320 --> 00:36:27,680
Speaker 3: She's just laughing all the way to the banks. But

762
00:36:27,760 --> 00:36:31,600
Speaker 3: it sounds like, yeah, okay.

763
00:36:31,480 --> 00:36:35,880
Speaker 1: Yeah, honeypots check them out, Yeah for sure, I mean yeah,

764
00:36:36,239 --> 00:36:40,480
Speaker 1: I just I just don't know why why there are

765
00:36:40,480 --> 00:36:43,480
Speaker 1: there's a sector of white people that if you say

766
00:36:43,520 --> 00:36:45,960
Speaker 1: the word black, it's like, how dare you?

767
00:36:45,960 --> 00:36:49,799
Speaker 3: How dare you even like white people? Is it like Russians?

768
00:36:49,880 --> 00:36:51,919
Speaker 3: I mean, I feel like sometimes there's like bots out there,

769
00:36:52,239 --> 00:36:54,480
Speaker 3: and haven't there are very bots that just willill like

770
00:36:54,719 --> 00:36:58,640
Speaker 3: try and stir up not like stir up controversies on

771
00:36:58,680 --> 00:37:01,520
Speaker 3: social media, like just to like pit people against each other.

772
00:37:01,760 --> 00:37:04,399
Speaker 3: You know, it's it's scary, but that can be true too,

773
00:37:04,440 --> 00:37:07,080
Speaker 3: that it's just like these you know, just like these

774
00:37:07,080 --> 00:37:11,640
Speaker 3: social media manipulators online trying to yeah, trying to like

775
00:37:11,719 --> 00:37:14,560
Speaker 3: create drama or like create a problem more than maybe

776
00:37:14,560 --> 00:37:15,600
Speaker 3: wouldn't otherwise be one.

777
00:37:16,320 --> 00:37:18,360
Speaker 1: Yeah, yeah, exactly, this is true. And now I'm not

778
00:37:18,360 --> 00:37:20,759
Speaker 1: white people obviously in general, just there's a sector of

779
00:37:22,480 --> 00:37:25,480
Speaker 1: just trolls who like I just and you're right to

780
00:37:25,520 --> 00:37:27,840
Speaker 1: your point, it might be five people who have figured

781
00:37:27,880 --> 00:37:29,800
Speaker 1: out how to hack the system to leave negative reviews

782
00:37:29,840 --> 00:37:31,920
Speaker 1: because these five people are mad. But it's just a

783
00:37:31,920 --> 00:37:33,560
Speaker 1: shame that, Like, but I've seen it. Like if I

784
00:37:33,560 --> 00:37:35,319
Speaker 1: say something, I mean, I've seen it for myself. If

785
00:37:35,320 --> 00:37:39,400
Speaker 1: I say something about black that it's like, oh, well,

786
00:37:39,560 --> 00:37:41,879
Speaker 1: I mean, Jesus am I not a black woman. I'm

787
00:37:41,880 --> 00:37:44,560
Speaker 1: not allowed to say as a black woman, Like well,

788
00:37:44,640 --> 00:37:46,560
Speaker 1: why can't you be a woman. I'm a woman, and

789
00:37:46,600 --> 00:37:49,239
Speaker 1: I'm a black woman, and I'm a tall woman, and

790
00:37:49,280 --> 00:37:53,080
Speaker 1: I mean I'm a woman with natural hair. It's like,

791
00:37:53,600 --> 00:37:55,760
Speaker 1: I don't know, it's almost times sometimes it just feels

792
00:37:55,800 --> 00:37:59,360
Speaker 1: like existing and admitting to your existence.

793
00:37:59,400 --> 00:38:00,840
Speaker 2: It's a fenceive to some people.

794
00:38:00,880 --> 00:38:03,000
Speaker 1: And I'm just like, honestly, what I love is that

795
00:38:03,080 --> 00:38:06,200
Speaker 1: nobody cares like you could kick rocks, nobody's here for it.

796
00:38:06,200 --> 00:38:10,319
Speaker 1: That just as visceral as your reaction is to be negative, like,

797
00:38:10,400 --> 00:38:13,960
Speaker 1: it's just the same visceral reaction that those who support

798
00:38:14,680 --> 00:38:16,960
Speaker 1: will come, and in fact it's not more so, So

799
00:38:17,000 --> 00:38:18,719
Speaker 1: I just love the fact that despite all this, that bitch,

800
00:38:18,760 --> 00:38:21,040
Speaker 1: just like I said, she's super nice. I hosted a

801
00:38:21,080 --> 00:38:24,279
Speaker 1: contest of like black women entrepreneurs at for Ford for

802
00:38:24,400 --> 00:38:25,799
Speaker 1: essence like two or three years ago, and she was

803
00:38:25,800 --> 00:38:28,600
Speaker 1: one of the black women entrepreneurs and she had an

804
00:38:28,600 --> 00:38:31,360
Speaker 1: amazing business and I just remember being like, Wow, that's awesome,

805
00:38:31,760 --> 00:38:36,120
Speaker 1: super just like really kind personality and yeah, and so

806
00:38:36,320 --> 00:38:39,319
Speaker 1: just to see that despite this negativity that came her way,

807
00:38:39,760 --> 00:38:41,920
Speaker 1: you know that, you know, it was turned around and

808
00:38:42,000 --> 00:38:43,960
Speaker 1: used for good. So and I love that the fact

809
00:38:44,000 --> 00:38:47,920
Speaker 1: that Target a target spokesperson. They reached out to BuzzFeed

810
00:38:48,000 --> 00:38:50,280
Speaker 1: News and said that they're aware of some negative comments,

811
00:38:50,320 --> 00:38:55,680
Speaker 1: but quite honestly that most people are overwhelmingly positive about

812
00:38:55,680 --> 00:38:58,880
Speaker 1: the feedback. That they've given Target and they love and

813
00:38:58,920 --> 00:39:01,799
Speaker 1: they're proud to work with and then you know, they

814
00:39:01,840 --> 00:39:04,400
Speaker 1: just will continue to highlight her. So I'm just glad that, like,

815
00:39:04,440 --> 00:39:07,960
Speaker 1: despite that negativity. It's like, you know, it's just just

816
00:39:08,080 --> 00:39:09,200
Speaker 1: disheartening and I hate that.

817
00:39:09,280 --> 00:39:11,879
Speaker 3: You know, well, Target's smart to realize that they need

818
00:39:11,880 --> 00:39:16,200
Speaker 3: to capitalize on black women and what huge business products.

819
00:39:16,280 --> 00:39:18,400
Speaker 3: You know, and obviously any product can be for anybody,

820
00:39:18,400 --> 00:39:21,279
Speaker 3: but there was such a gap in the market for

821
00:39:21,320 --> 00:39:23,560
Speaker 3: products for women of color, and Target's one of those

822
00:39:23,600 --> 00:39:25,319
Speaker 3: places you know you can go. I know, I can

823
00:39:25,360 --> 00:39:27,480
Speaker 3: go and get like all the natural hair products I need.

824
00:39:27,520 --> 00:39:31,359
Speaker 3: They just they're hosting Taraji p Henson's new hair product

825
00:39:31,400 --> 00:39:34,279
Speaker 3: line they're running there. They're like exclusive for having her

826
00:39:34,360 --> 00:39:37,000
Speaker 3: new product line. I love that that Target, to which

827
00:39:37,000 --> 00:39:42,400
Speaker 3: I haven't tried, but you know, kudos to Target for supporting, yeah,

828
00:39:42,440 --> 00:39:46,920
Speaker 3: for supporting entrepreneurs of color and to be a trice

829
00:39:47,040 --> 00:39:49,960
Speaker 3: for getting a boost in sales despite all the haters.

830
00:39:49,960 --> 00:39:54,200
Speaker 2: So that's lovely. Yeah, exactly.

831
00:39:54,280 --> 00:39:57,319
Speaker 1: And I'm gonna buy some honey pot. No, I mean,

832
00:39:57,360 --> 00:39:59,600
Speaker 1: I don't know, I've never used like specialized stuff.

833
00:39:59,640 --> 00:40:02,040
Speaker 3: I need to know what this honeypot does. Let's see,

834
00:40:02,239 --> 00:40:05,719
Speaker 3: flore knows I could use some referb down there. You

835
00:40:05,800 --> 00:40:07,120
Speaker 3: know what happening a child does.

836
00:40:09,800 --> 00:40:11,640
Speaker 1: There's a bunch of different products, so she's got like

837
00:40:11,719 --> 00:40:15,080
Speaker 1: cleansing products, wipe and honestly, I was like, yeah, I

838
00:40:15,200 --> 00:40:17,919
Speaker 1: think that for those interested, for sure, take a look.

839
00:40:17,920 --> 00:40:20,320
Speaker 1: They actually have them at Target stores. I've seen them myself,

840
00:40:20,719 --> 00:40:23,520
Speaker 1: so yeah, I just think that. I think that it's

841
00:40:23,520 --> 00:40:27,279
Speaker 1: an awesome product line, and it's I'm glad that you

842
00:40:27,320 --> 00:40:29,440
Speaker 1: know that it turned out for better. But yeah, this

843
00:40:29,520 --> 00:40:31,560
Speaker 1: is just funny because, like you said, it's totally free

844
00:40:31,680 --> 00:40:32,560
Speaker 1: advertising for her.

845
00:40:32,600 --> 00:40:34,120
Speaker 2: But yeah, she says.

846
00:40:33,960 --> 00:40:36,160
Speaker 1: She's not taking it personally. But I don't know if

847
00:40:36,320 --> 00:40:38,160
Speaker 1: things like that hurt my feelings. So we're all human,

848
00:40:38,239 --> 00:40:40,000
Speaker 1: so I just can only imagine what it must have

849
00:40:40,040 --> 00:40:42,600
Speaker 1: felt like at first. So yeah, that's my brown.

850
00:40:42,640 --> 00:40:45,399
Speaker 2: It's a boosty breakye where it's like a break with like.

851
00:40:45,560 --> 00:40:48,560
Speaker 1: Child, the racist and the trolls, but then the boots like, yeah,

852
00:40:48,600 --> 00:40:49,480
Speaker 1: she came out on top.

853
00:40:49,880 --> 00:40:52,040
Speaker 3: I love it. That's a good way to end the show.

854
00:40:53,280 --> 00:40:56,160
Speaker 3: I love it. All right, guys, Well, thank you for

855
00:40:56,200 --> 00:40:58,920
Speaker 3: another week, and we will be back next week with

856
00:40:59,120 --> 00:41:06,600
Speaker 3: a new show. H Yes, Lord alright, by God, have

857
00:41:06,600 --> 00:41:07,720
Speaker 3: money more dot com and donate.

858
00:41:08,280 --> 00:41:10,480
Speaker 2: Yes, yes, Molly would not come from me.

859
00:41:10,600 --> 00:41:12,520
Speaker 3: Thank you Right, have a good rest of your week.

860
00:41:12,560 --> 00:41:13,839
Speaker 2: By tes Ay Brighte