Speaker 1: Hey, hey, hey, we're back. We're black, We're brown. I'm tippity.
Speaker 2: Hey guys, happy Brian ambition Wednesday. It's Mandy.
Speaker 1: So what shall we talk about today?
Speaker 2: There's so many things. What can we start with? So?
Speaker 2: Did you hear the story about this?
Speaker 1: Is?
Speaker 2: I was chuckling, slash kind of inwardly crying about this.
Speaker 2: There was this worker on the DC Metro who had
Speaker 2: the audacity to eat her breakfast in between shifts, and
Speaker 2: some lady h tweeted, took a picture of her, called
Speaker 2: her out for it in person, and then tweeted to
Speaker 2: the Metro, like to the Metro Twitter account in DC,
Speaker 2: complaining about this worker eating her breakfast because apparently they
Speaker 2: had implemented a recent rule like no eating on trains.
Speaker 2: That's a rule pretty much on any metro but you know,
Speaker 2: yata eat, you gotta eat, and tried to get this
Speaker 2: woman discipline. Slash fired. Wow. Black Twitter was not having
Speaker 2: it because it's a black, black female worker, you know,
Speaker 2: in the morning, having her breakfast, minding her own business,
Speaker 2: and this woman was like not having it. She's not white,
Speaker 2: she's Jordaining an American, I've heard, but still the fact
Speaker 2: that you would call someone out for the breakfast and
Speaker 2: then it just went viral on Twitter and people were
Speaker 2: really upset with Her name is Natasha Tynes. She runs
Speaker 2: social media for the World Bank. You think people who
Speaker 2: wow wow, Well no better.
Speaker 1: Yeah.
Speaker 2: She's also an author of a forthcoming novel, which is
Speaker 2: one way to get publicity for your book. Except for
Speaker 2: after all the controversy, the company that's distributing her book
Speaker 2: said they were going to stop and then called on
Speaker 2: her publisher to actually pull the book, like to pull
Speaker 2: the book deal itself, so they are coming for her
Speaker 2: coin and the Metro Authority actually responded to this controversy
Speaker 2: and said that one this woman's part of a union,
Speaker 2: and the union came out to bat for her and
Speaker 2: explained that there's really have you ever been in a
Speaker 2: subway station where the hell do you think they're going
Speaker 2: to sit down and eat their breakfast or their lunch.
Speaker 2: There's no break rooms like, and there's also mice everywhere
Speaker 2: and insecticide, so there's not really sanitary conditions a lot
Speaker 2: of the times. And this woman happened to be on
Speaker 2: a delayed train trying to get to her next shift,
Speaker 2: and in order to be on time, she stayed on
Speaker 2: the train and just ate her breakfast, And so the
Speaker 2: union came to bat for her, and then the actual
Speaker 2: the Metro Transit authority said that they had recently the
Speaker 2: police had recently asked people to stop filing complaints about
Speaker 2: petty stuff like people eating on trains and you know,
Speaker 2: evading fairs and stuff like that. So this was way
Speaker 2: overblown and she she got dragged pretty bad.
Speaker 3: I mean, I don't know if she deserves to get
Speaker 3: her book pulled and stuff like that, because cancel culture
Speaker 3: sometimes can be too much.
Speaker 1: But I think, like, because.
Speaker 3: Like, what what is the what is the desired outcome
Speaker 3: you want this poor woman? I mean, she wasn't defecating
Speaker 3: on the point on the train, you know what I mean?
Speaker 3: Sometimes you have to ask yourself, like from where did this?
Speaker 3: What did you want to happen to her? Did you
Speaker 3: want this woman who was eating to be fired? What
Speaker 3: kind of life are you living?
Speaker 1: That that is your aim? Why do you care?
Speaker 3: She wasn't smearing food all over the place, like clearly,
Speaker 3: like you know, any common sense human being is like, huh,
Speaker 3: she works here. She's clearly working here on the train.
Speaker 3: So my assumption is this is the I mean nobody
Speaker 3: willingly says, mmmm, I would love to eat on this
Speaker 3: potentially disgusting Germany train, You know what I mean? I
Speaker 3: just well, but you're you're gonna learn today. You're gonna
Speaker 3: learn today. I guess she learned.
Speaker 2: And well, it was the fact that she was basically
Speaker 2: calling on the Metro, the DC Metro, to fire this person.
Speaker 2: And that's just her and you're messing with the black
Speaker 2: woman's livelihood. And I think, you know, do I think
Speaker 2: that this the action is for to lose her book,
Speaker 2: deal with that, teach her a lesson? No, I feel
Speaker 2: like the bigger lesson is for her getting dragged on
Speaker 2: Twitter and being corrected, you know, and why why it's
Speaker 2: wrong for her to call someone out like that. I mean,
Speaker 2: first of all, who who's even awake in the morning,
Speaker 2: like trying like worry the black The workers response to
Speaker 2: the woman when she talked to her and was like
Speaker 2: calling her out at the moment for eating on the train.
Speaker 2: The woman apparently told her worry about yourself, which is
Speaker 2: exactly what she should have been doing. Yes, worried about
Speaker 2: your dance.
Speaker 1: Worry about yourself.
Speaker 3: It's not a little video about the about the little
Speaker 3: girl by She's literally like three, right, and she's trying to.
Speaker 1: Buck on her own little seapet and her mom's like,
Speaker 1: she said, no, let me alone. Worry about yourself. So
Speaker 1: take take a tip from the three year old. Worry
Speaker 1: about yourself about you.
Speaker 2: Wow, Well Natasha has learned a lesson. You know, my
Speaker 2: biggest fear is tweeting something and getting fired. Like that
Speaker 2: is my fear as a person who you know, journalists,
Speaker 2: we use Twitter all the time. I've I've actually just
Speaker 2: pulled back on how much I tweet because I it
Speaker 2: is so easy to just like and especially if you
Speaker 2: get addicted to the instant gratification of people liking and
Speaker 2: retweeting you, you just want to like please them, and
Speaker 2: you want to write things that are witty and funny
Speaker 2: and you know, off the cuff and whatever, and you
Speaker 2: get addicted to that and then sure enough you're gonna
Speaker 2: tweet something stupid or inappropriate or insensitive, and then it's
Speaker 2: out there in the world and you can even delete
Speaker 2: it like this woman did, but people still can grab screenshots.
Speaker 3: Yeah, and also too, Like the thing is, here's the thing, like, yeah,
Speaker 3: I don't believe in posting people I don't know on
Speaker 3: social media.
Speaker 1: I just think that's so harmful, you know what I mean, Like, yeah,
Speaker 1: you know, like it's one thing that.
Speaker 3: Like I'm taking as healthy and you happen to walk
Speaker 3: behind me, but to take a picture of you to
Speaker 3: shame you. Even if I'm taking a picture and I'm like,
Speaker 3: oh my god, so pretty, I'm so cute, I don't.
Speaker 3: I just I don't even do that unless you were
Speaker 3: like taking a picture together, you know, like or like
Speaker 3: say if you're speaking or something like that, but like
Speaker 3: to secretly take a picture who's like ooh, secretly on
Speaker 3: the train she's slaying. I don't even do that because
Speaker 3: you don't know who someone is, and you know, maybe
Speaker 3: they have someone who's looking for them, that's looking to
Speaker 3: harm them.
Speaker 1: I just think that that's what you get, honestly.
Speaker 3: And I mean, we're gonna gonna learn today. I know
Speaker 3: she's home, like, wait, you know, when I was a kid,
Speaker 3: I'm not gonna lie. I was a big tattletale right
Speaker 3: when I was like in kindergarten and in first grade.
Speaker 1: I could not understand why.
Speaker 3: I would go and tell the teacher and she would say, Tiffany,
Speaker 3: nobody likes the tattletale I thought I.
Speaker 1: Was doing my civic duty. I was like, but and
Speaker 1: I didn't really understand. You know.
Speaker 3: It's I got a little bit older and I realized that, like,
Speaker 3: you're like one the teachers, like, okay, so Johnnye touched
Speaker 3: the blue ball, It's fine, Like, girl, it's not the
Speaker 3: end of the world, first of all. And two it's like,
Speaker 3: it's not your business unless someone's really getting hurt or
Speaker 3: something like that. And so it's like, this woman never
Speaker 3: got that kindergarten first grade lesson of don't be a tattletale.
Speaker 3: Nobody likes the tattletale, and now black Twitter had to
Speaker 3: remind you, so, okay.
Speaker 2: Another another social media failed this week? Did you about
Speaker 2: so the actress from Fresh off the Boat, Constance Wu.
Speaker 2: She is getting all kinds of insane press right now
Speaker 2: because so Fresh off the Boat is was one of
Speaker 2: the first in a long long time sitcoms to feature
Speaker 2: a majority Asian American cast. So it was a huge
Speaker 2: show for I forget which network it's on, but it's
Speaker 2: been on for I think like four or five seasons now,
Speaker 2: and it was just renewed for its six season. You know,
Speaker 2: with sitcoms, there's like dozens of episodes, and it takes
Speaker 2: up an actor's you know, most of the year for
Speaker 2: them to film the sitcom. But they're also incredibly lucrative
Speaker 2: and if you're on a sitcom that gets syndicated, you
Speaker 2: just make money on money on money forever. But anyway,
Speaker 2: Constance started to she send out some tweets with like
Speaker 2: some swear words in them, saying how upset she was
Speaker 2: that her show was renewed because she's been unable to
Speaker 2: take a project that really fulfilled her artistic, you know, passions,
Speaker 2: and she thought that was fine to share with the
Speaker 2: world of working people who follow her, and immediately got
Speaker 2: dragged for being insensitive to the crew that works on
Speaker 2: her show, like the blue collar workers working on her show,
Speaker 2: her other cast, like being ungrateful for the show that
Speaker 2: launched her career. You know, she did a she she
Speaker 2: starred in Crazy Rich Asians, which was that big movie
Speaker 2: when was that last summer that came out, romantic comedy
Speaker 2: with an all Asian cast, you know, so she's kind
Speaker 2: of got the show to be thankful for the career
Speaker 2: as a you know actor that she has, and that
Speaker 2: was how she responded. So Baby Girl also got dragged.
Speaker 2: Just don't tweet, just get a diary.
Speaker 3: Like I guess you know, I'm not here to judge
Speaker 3: because I'm like, god forbid, I'm not gonna lie. I've
Speaker 3: seen people that I know get dragged basically, and I've
Speaker 3: gone through my Twitter and then I was like girl,
Speaker 3: after like you know, twelve pages of scrolling, I'm like,
Speaker 3: I can't do this. But I think to myself, like,
Speaker 3: have I ever tweeted or face mood or Facebook or
Speaker 3: Instagram something problematic.
Speaker 1: There was only two times that I said I got
Speaker 1: dragged on ig.
Speaker 3: Once was I said I had a like a sign
Speaker 3: it said co sign and the head a line through it,
Speaker 3: and I was like, don't co sign. Co signing is
Speaker 3: really a good idea, and that you know that you
Speaker 3: I don't think people understand you have to take full
Speaker 3: responsibility for that person's loan. Surprisingly, I mean like, of
Speaker 3: course a lot of people were like yeah, but people were.
Speaker 1: Mad at that.
Speaker 3: I was like, okay, you're mad because co signing leaves you,
Speaker 3: you know.
Speaker 1: Financially responsible.
Speaker 3: I was surprised people were like, well, some of us
Speaker 3: can't get a car, we don't get a co signer.
Speaker 1: I'm like ma'am. That is the point. That is the point.
Speaker 3: I mean, you know, I mean I understand that some
Speaker 3: folks need co signers because they're like, I'm not able
Speaker 3: to but that what I'm saying is the fact that
Speaker 3: you need one is puts the other person in financial
Speaker 3: harms way because what it really means is that you
Speaker 3: really can't afford the thing that you're getting, and it's
Speaker 3: likely that person's going to have to pay for it
Speaker 3: for you, and so, and I said, it's really a
Speaker 3: good idea and not never ever ever, because I know
Speaker 3: there's some extranuiny circumstances. But I remember that was one
Speaker 3: time I kind of got dragged it. People were like
Speaker 3: this is irresponsible.
Speaker 2: I'm like what they were just mad because like they're
Speaker 2: antier their uncle whoever they were gonna ask for Bunny
Speaker 2: probably fine and not helping my case.
Speaker 3: I know. I was like, so I was APPRISTI but
Speaker 3: I kept it up because I was like, I didn't
Speaker 3: say anything offensive, I said, you know, I kept it up.
Speaker 3: I was like, well, I understand you being upset because
Speaker 3: maybe your dad co signed you for you ten years
Speaker 3: ago in to work down because I'm not gonna lie
Speaker 3: Superman asked me to co sign or we were dating,
Speaker 3: and I said no, he was mad and guess what.
Speaker 3: I was like, okay, the answer was still now. So
Speaker 3: he got over it and so will people. And then
Speaker 3: second thing I posted it wasn't me. I didn't reveally
Speaker 3: get dragged for it, but it was like this like
Speaker 3: this picture of, like I guess, a woman. It was
Speaker 3: like a like a meme of like a silhouette of
Speaker 3: a woman stages of pregnancy like one month, two months,
Speaker 3: all the way to you know, nine months. And it
Speaker 3: was like, it's when, when is it ever good great
Speaker 3: to ask a woman if she's pregnant?
Speaker 1: And it was like none of these times, you know, yep, and.
Speaker 3: So you know, and so they were just like, you know, yeah, yeah,
Speaker 3: well not dragged, but people were like I just said.
Speaker 1: You just don't know what people are going through, you
Speaker 1: know when, and so just.
Speaker 3: To not I mean, I get it, you know, because
Speaker 3: I mean, I mean, who's not not curious when you
Speaker 3: see a woman's beeny like, oh, she's pregnant.
Speaker 1: I get it.
Speaker 3: But so many times that people are going through something
Speaker 3: and it can be really difficult. I had a miscarriage,
Speaker 3: like a two years ago, and I remember on social
Speaker 3: media everyone was like, ooh girl, I see you.
Speaker 1: I know he's pregnant, and he's pregnant. I was like, actually, no,
Speaker 1: the baby died, but thanks, and I get it.
Speaker 3: I mean, no one was asking maliciously and that wasn't
Speaker 3: what it was about. But it was just every I mean,
Speaker 3: so many people were like, I know you're pregnant. I
Speaker 3: see I know, and I'm like, oh my. I literally
Speaker 3: had to just like log off because it was like,
Speaker 3: oh my gosh, like I'm not pregnant anymore, like you know,
Speaker 3: so I just you know. So I wasn't dragged for that,
Speaker 3: but definitely a lot of people were like, I think
Speaker 3: that's unfair. Someone actually said in that post like something like, well,
Speaker 3: my mother told me that if I'm curre is to ask.
Speaker 4: I'm like, it's about being empathetic and not judging people,
Speaker 4: like I think I'll teach my future kids that to
Speaker 4: not judge.
Speaker 2: And you never know what's going on in Smiles's lives
Speaker 2: before you snap that photo, you know, tweet about them.
Speaker 2: They could make a mean tweet about them.
Speaker 1: You ask questions.
Speaker 2: Exactly, your maness is not worth it.
Speaker 3: It's not I mean, and just think about like, you know,
Speaker 3: I always think about when I post. You know, I
Speaker 3: have never had to post something that I won't say never,
Speaker 3: I mean not not that I can remember that I
Speaker 3: have to like, oh, I should remove this because this
Speaker 3: is really like crazy. Like I said, you know the
Speaker 3: coatsne if you think people are mad, I'm not, but
Speaker 3: they could stay mad because I wasn't wrong and I
Speaker 3: wasn't being judgmental. I was trying to be helpful and
Speaker 3: so but I just think that sometimes we post without thinking.
Speaker 1: But I don't know what Constant was thinking. I mean
Speaker 1: when when what what? Like universe would that be? Okay?
Speaker 2: I think we're gonna feel sorry for you. Do you
Speaker 2: want sympathy? Honey? Boo boo?
Speaker 3: Child?
Speaker 2: Like you have to think about how people will perceive
Speaker 2: that you are a wealthy person and in a career
Speaker 2: that is very glamorous, you know, making tons of money,
Speaker 2: and to complain about the fact that you have a
Speaker 2: job when it was also like this is so terrible.
Speaker 2: It's also the week when all the other shows get canceled,
Speaker 2: and you know, you see all these headlines of all
Speaker 2: these shows that get canceled, and then she's out here
Speaker 2: complaining about hers being renewed. So yikes, she's got She's
Speaker 2: like deleted the tweet some of the tweets and has
Speaker 2: gone under cover.
Speaker 1: But she yeah, she's gonna go on set now. They're
Speaker 1: gonna look at her life.
Speaker 2: Right too, Like come on. So that is your your
Speaker 2: entertainment news. One last thing though, that people are probably
Speaker 2: wondering about. We're talking about China trade war. Ug in.
Speaker 2: I thought this had kind of died down, but Trump
Speaker 2: and China just can't get along, mister master negotiator. Just
Speaker 2: all we keep doing is increasing taxes on Chinese products,
Speaker 2: and they're increasing taxes on our stuff in turn. And
Speaker 2: if you're wondering, like what impact this has on you,
Speaker 2: there's a report that came out because we're talking about
Speaker 2: like so much of your stuff, all those appliances, Tiffany
Speaker 2: that you just bought, China probably produce them. And I
Speaker 2: think washing machines are one of the products that, like
Speaker 2: the big manufacturers of household appliances have been rolling in
Speaker 2: cash because the extra tariffs that China has imposed on
Speaker 2: those products has has led to price increases that have
Speaker 2: helped them out but then gotten passed down to consumers.
Speaker 2: But this new report says that increasing taxes or tariffs
Speaker 2: on Chinese goods would cost a US family of for
Speaker 2: almost eight hundred dollars a year and could lead to
Speaker 2: nearly a million jobs being lost. And that list of
Speaker 2: appliances that could be impacted by these increased tariffs like
Speaker 2: air conditioners. I mentioned, appliances including refrigerators, parts that go
Speaker 2: into cars, bicycles, clothing, I means like everything, cosmetics, electronics,
Speaker 2: even some foods, furniture, hand oh my god, home improvement items. Yeah,
Speaker 2: Enrique is gonna love that. And it may be things
Speaker 2: that you don't notice and maybe like a dollar here,
Speaker 2: five dollars there, or you know, eighty bucks that we're
Speaker 2: talking about a big appliance. But these types of like
Speaker 2: it may sound like very abstract, you know, China US
Speaker 2: trade war, but it's really hitting our wallets now.
Speaker 1: Yeah.
Speaker 3: I remember, even when I was getting my cabinets, the
Speaker 3: guy was like, Okay, so at any moment, you know,
Speaker 3: they're going to send me a facts or whatever saying
Speaker 3: that you know that there is the price has increased
Speaker 3: because of increased taxes on what we're ordering.
Speaker 1: So he was like, so as soon as.
Speaker 3: You know what you want, let me know. I remember
Speaker 3: that was like a very real thing. As I was
Speaker 3: like deciding what to get. You know that at any
Speaker 3: moment it could go up significantly, and so you know,
Speaker 3: it's it affects everyone, whether you're renovating, whether you're just
Speaker 3: getting your carpex. So you know that's like I mean
Speaker 3: to quote the great Rodney King. Can't we all just
Speaker 3: get along?
Speaker 1: Ye?
Speaker 2: Not today? Not today apparently, so uh think about that. Man,
Speaker 2: Look what y'all's president is doing?
Speaker 1: Like, not my president, not my president.
Speaker 2: That's your buzzworthy. Anything else you want to chat about.
Speaker 1: There's one thing.
Speaker 3: But I think I'm gonna make my brown.
Speaker 2: Break tease us. Okay, fine, that's cool. All right, well
Speaker 2: let's take a quick break and we'll be right back.
Speaker 1: We're back. We're back. We're brown.
Speaker 2: Oh okay, we were brown and now we're proud. I
Speaker 2: can't even do I don't have that octave.
Speaker 3: Yeah, I had that lower I didn't even know that
Speaker 3: I had a deeper voice until someone was like, I
Speaker 3: was like maybe in middle school.
Speaker 1: They're like, Tiffany, you have a deep voice, and I'm like, dure,
Speaker 1: you do.
Speaker 2: I think that's what makes our show easy to listen
Speaker 2: to is because we sound so different theage voice. Oh
Speaker 2: it's hard to hear myself say.
Speaker 3: Really, I feel like I could go high because sometimes
Speaker 3: when I get excited, I'm definitely you know.
Speaker 1: But I didn't, you know, I'm like I have a deep.
Speaker 3: Because one time, I remember, I didn't realize I guess
Speaker 3: too till high school, you know, and guys if I
Speaker 3: was like sneaking and talking on the phone to a boy,
Speaker 3: and they'd be like ooh, Tiffany, and I'm like what what?
Speaker 3: And they thought I was trying to like le I
Speaker 3: was literally just talking. I was trying to be sexy,
Speaker 3: not trying to be sexy. I'm fourteen. So what's up next?
Speaker 3: So we're gonna we're doing we do brown break brown
Speaker 3: boost now breaks yep, good round.
Speaker 1: Break round bruist. So are you gonna break or are
Speaker 1: you gonna have boost?
Speaker 2: I'm gonna take a break, an easy break.
Speaker 1: Okay, I'm gonna take a break too, but I'm gonna
Speaker 1: go first.
Speaker 2: Okay, so you got it.
Speaker 1: I should have listened to my sister, but I didn't.
Speaker 3: So I use robin hood to like just buy stocks,
Speaker 3: you know, not like seriously, like you know, I'm not
Speaker 3: spending tens of thousands of dollars just sometimes a few
Speaker 3: hundred here, a few hundred there. And so typically my
Speaker 3: sister Carol, she is the fourth I'm like third fourth
Speaker 3: in line, and Carol like studies market and like you know,
Speaker 3: she doesn't really invest right now because she's like saving.
Speaker 3: She got two kids, so cha who has the extra income,
Speaker 3: But she definitely studies the market. And we kind of
Speaker 3: have like a group chat where she'll say something like
Speaker 3: like beyond me, for for example, just iPod, and so
Speaker 3: I bought.
Speaker 1: Some shares and.
Speaker 3: I did pretty good. I mean, like you know, it's
Speaker 3: definitely it's I didn't buy as quickly as I should
Speaker 3: have because they're like doubled that day, I think, I
Speaker 3: think it they opened at like forty five or like
Speaker 3: twenty five or something like that and they closed at
Speaker 3: like seventy.
Speaker 2: And beyond Me. I actually just had my first beyond
Speaker 2: Hamburger by accident, and it was the first I'd ever
Speaker 2: heard of them. And now I heard that they're going
Speaker 2: public and it was like all the news today, but
Speaker 2: they're like Vegan meats, right.
Speaker 3: Yeah, but they already went public and they did very well.
Speaker 3: They ipid iPod very well. Like they like Rodrew Bold
Speaker 3: or tripled. So so Uber was coming out and I
Speaker 3: think my mom put in the group chat. I didn't
Speaker 3: even know she was in the group chat. I was like, Sylvia,
Speaker 3: what are you doing here? She was like, hey heard
Speaker 3: that Uber is ipoing today, you know, like initial public
Speaker 3: offering for those of you asking what IPO means?
Speaker 1: Should we buy?
Speaker 3: You know, because I put I put Robin Hood on
Speaker 3: everyone's phone, including my mom and my dad, and so
Speaker 3: now you know, Sylvia thinks she's doing something. And my
Speaker 3: sister Carol was like, m I don't know, you know,
Speaker 3: it's not looking good after doing our research. I you know,
Speaker 3: I likely would it. I didn't listen. I was like,
Speaker 3: shoe girl, let me get five of these shares.
Speaker 1: And so I think I got five shares at forty
Speaker 1: two bucks apiece.
Speaker 3: You know, feeling my beat, you know, I was like,
Speaker 3: I mean, like I said, I don't you know, I didn't.
Speaker 3: I'm not spending a ton of money, but still it's money.
Speaker 3: So they of course had the worst IPO in history,
Speaker 3: the worst IPO history, Like it opened at I wanted
Speaker 3: it open that. I think it opened at forty one
Speaker 3: or something like that. It closed like at like it's
Speaker 3: right now at thirty nine, the worst IPO in history.
Speaker 1: I mean everyone is like shesh.
Speaker 2: I'm sure there's worse IPOs.
Speaker 3: No, No, I think like it was like Facebook didn't
Speaker 3: do well when it first ipo, but it was like there,
Speaker 3: I think I read somewhere that it was like the
Speaker 3: worst IPO. Yeah, I know, so, I mean it wasn't.
Speaker 3: I'm not I'm not even being sarcastic. I really believe
Speaker 3: that that's what I read somewhere Uber ipo. Let me see
Speaker 3: it like what it's coming up, but yeah, that it
Speaker 3: was really really really it was really bad.
Speaker 2: Lift had a bad IPO too, and that's one of
Speaker 2: the reasons why when Uber, well, I don't really ever
Speaker 2: get that excited about IPOs and like invest in and
Speaker 2: I think my husband he's like invested in a couple recently,
Speaker 2: not a ton, but a little bit. But yeah, like
Speaker 2: seeing Lyft and Uber and they're also older companies, and
Speaker 2: I feel like the shine has kind of worn off
Speaker 2: the the ride share industry, and especially like Uber's all
Speaker 2: the workplace, you know, things that came to light about
Speaker 2: like sexual harassment and how they have like a toxic
Speaker 2: work culture. I don't know. So I was watching their
Speaker 2: IPO and that I mean, at least you only got
Speaker 2: five shares.
Speaker 3: Yeah, that's and I usually only get like you know,
Speaker 3: like literally like I just use Robinhood to kind of
Speaker 3: like you know, practice and play. So I was like,
Speaker 3: you know, I'm gonna get five And of course Carol,
Speaker 3: I didn't tell my so I whope, group chat is
Speaker 3: not listening. So like at the end of the day,
Speaker 3: you know, when the market closed, Carol like, you know,
Speaker 3: did a show was such a screenshot like open Clothes.
Speaker 3: She was like, you're welcome, guys. They had a terrible IPO.
Speaker 1: It's like, hey, yeah, yeah, thought so Karap, you're listening.
Speaker 1: You're right, she told us.
Speaker 3: She was like, just wait, I don't think it's you know,
Speaker 3: I don't think it's going to do well today, and
Speaker 3: you know, I don't know how Uber's going to do overall.
Speaker 3: Because the truth is a lot of these companies are
Speaker 3: not profitable, and it's such a strange culture where not
Speaker 3: being profitable it is actually okay, and I don't think.
Speaker 1: People get it.
Speaker 3: Like so for me, regular people when they have their business,
Speaker 3: if you're not profitable, that's really bad because that means
Speaker 3: you're not making any money. That means, you know, you
Speaker 3: spent one hundred thousand dollars to make ninety thousand, you're
Speaker 3: not profitable. But for these big mega companies, they're okay
Speaker 3: with not being profitable. Amazon was not profitable until like recently,
Speaker 3: like most of these megative companies are not making a profit.
Speaker 1: Instead, they are.
Speaker 3: Valued, like you know, they have this valuation, meaning that
Speaker 3: it's somewhere along the line the market or whatever has
Speaker 3: decided that this company is worth this amount of money.
Speaker 3: So in their mind it's okay that they're not making
Speaker 3: profit as a company, but that if they were to
Speaker 3: sell it, they would get their money back plus them.
Speaker 3: And so many of these companies don't belong to the
Speaker 3: original owners. If you guys ever listen to How I
Speaker 3: Built this. If they're like a it's like a podcast
Speaker 3: about like business of people who start businesses and they're
Speaker 3: really successful with out like Whole Foods, and so people
Speaker 3: want these huge valuations, but more and more it's all
Speaker 3: smoking mirrors, you know, and so and people will give
Speaker 3: away like I don't I don't have any any adventure
Speaker 3: capital money. So venture capitalists are people who give you
Speaker 3: money for your company, typically in exchange for peace of
Speaker 3: your company, because the thought is that one day you'll
Speaker 3: sell and then they'll get their money back plus plus
Speaker 3: a lot. So sometimes they don't They're okay with you
Speaker 3: not being profitable. But it's a very strange culture in
Speaker 3: business now where there are people who I listened to
Speaker 3: on how I built this who now only own four
Speaker 3: percent five percent of their company. And I'm like, so,
Speaker 3: you you started this whole dream, you worked really hard,
Speaker 3: you busted your behind to start the budget Pisa, let's say,
Speaker 3: and you sold pieces of it off. So I mean
Speaker 3: you can grow because you need money to grow, and
Speaker 3: you didn't have the money yourself. And now, as typically
Speaker 3: the budgetiessa, I only own four percent of my baby,
Speaker 3: and so when we sell it for one hundred million dollars,
Speaker 3: I get four million.
Speaker 1: It just seems crazy. I just I'm not down with that.
Speaker 3: I own one hundred percent of the bunche Oftesa, and
Speaker 3: I know I'm not as big obviously as Uber, and
Speaker 3: so it's one of the reasons why people do that.
Speaker 3: It's because they want to be able to scale and
Speaker 3: grow quickly. So you get a lot of money you
Speaker 3: invest into the company to grow quickly.
Speaker 1: But I just I don't know. It just it seems
Speaker 1: weird to me.
Speaker 3: So that's why my round break is like it's inflated
Speaker 3: companies because I just don't see the point. I guess,
Speaker 3: but I mean people like Jeff Bezos is like the
Speaker 3: richest man in the country, so clearly he knows something
Speaker 3: that I do. I just don't get how running a
Speaker 3: nonprofitable business is like that it's the goal.
Speaker 2: You know, did he invest in Uber Jeff Bezos?
Speaker 1: Yeah, he's the CEO of Amazon.
Speaker 2: I know. I was just wondering, why what did he
Speaker 2: have to do with.
Speaker 3: Oh no, I was just saying that, like Amazon is
Speaker 3: not profitable or was like just recently profitable, even though
Speaker 3: it's like this huge conglomerate. It's like, this is a
Speaker 3: man who's like the.
Speaker 2: Recent Amazon hasn't been profitable.
Speaker 3: It wasn't Yeah, it wasn't profitable for a long time time.
Speaker 3: And you're like, I mean like more recently than not,
Speaker 3: you know, And I was like, how don't I don't
Speaker 3: get it? You know, yeah, I know, I'm not gonna
Speaker 3: I'm not. I don't get it.
Speaker 2: So crazy, Well, that's why you know, play money, play
Speaker 2: money in Robinhood like money you're not going to miss.
Speaker 1: Yeah.
Speaker 3: So like for example, Amazon, it took it took Amazon
Speaker 3: fourteen years to be profitable, and I'm like, that's a long.
Speaker 2: Time, you know, So you have to have the stomach
Speaker 2: for it.
Speaker 1: Yeah, you do.
Speaker 3: But sometimes I feel like profits are not the problem. Know, yeah,
Speaker 3: like that they don't.
Speaker 1: They're not.
Speaker 3: They're not They're not aiming for profit. They're aiming for
Speaker 3: scale and growth and selling. That's what's happening right now
Speaker 3: is that people are like grow big, grow fast, sound
Speaker 3: like our money, and like I'm like, okay, but I
Speaker 3: mean I don't know that that's sustainable. And maybe that's
Speaker 3: a bubble that that's happening, you know.
Speaker 2: I mean, it just seems like these tech companies are
Speaker 2: having a harder time like the they're just like they
Speaker 2: were the unicorns ten years ago. And I think there's
Speaker 2: such shine has worn off, you know, like even Pinterest
Speaker 2: went public recently and there they've walked back, you know,
Speaker 2: their early gains and stuff. So I don't know, I'm
Speaker 2: just gonna stick to my SMP five hundred indexs FU Yeah, yeah, fine.
Speaker 2: I recently I recently liquidated my robin Hood account because
Speaker 2: I was like, I'm good, I made like one hundred
Speaker 2: dollars and I'm like, okay, that's enough. Still, I'm up.
Speaker 3: I'm like, you know, what's iffany overall? I think if
Speaker 3: I look at all, I'm looking at it right, I'm up.
Speaker 3: So I started it August fifth, twenty sixteen, and I'm so,
Speaker 3: I'm like, I'm good. I made about twelve hundred dollars.
Speaker 3: I'm like, okay, this is.
Speaker 1: Kind of like my little play.
Speaker 2: Yeah.
Speaker 1: So, but yeah, I definitely was like, oh, I should
Speaker 1: have listened to Carol.
Speaker 2: What about the stomach for the long term?
Speaker 1: You know, exactly what about you? What are you breaking for?
Speaker 2: I've got to break anti vaxxers. I know there's not
Speaker 2: necessarily a personal finance element. I mean, if you don't
Speaker 2: have insurance and your kid gets measles because some women
Speaker 2: decided on to vaccinate her some man or women decide
Speaker 2: on to the vaccinate her child, then yes, that could
Speaker 2: cost you money. But this I just can't believe we're
Speaker 2: still having to debate the merits of vaccinations, in that
Speaker 2: there are so many studies that you know, researchers with
Speaker 2: science has shown that these inaccurate falsified. You know, reports
Speaker 2: that showed that vaccinations linked or linked to autism have
Speaker 2: been debunked up and down the world by all kinds
Speaker 2: of very very smart people, and still, you know, there
Speaker 2: people are like this most recent outbreak is still raging
Speaker 2: on hundreds of cases across the country, and like especially
Speaker 2: in New York. They're actually targeting Orthodox Jewish communities, which
Speaker 2: I find troubling. And you know, I've I've heard this
Speaker 2: really sad or heard this really sad report that on
Speaker 2: a bus, like a Jewish Orthodox Jewish woman was with
Speaker 2: her children and like some people uh gestured to each
Speaker 2: other and like moved seats away from them, thinking that they,
Speaker 2: you know, are part of this anti vaccination movement. And
Speaker 2: it's not all Orthodox Jewish people, but it's just like
Speaker 2: it's you know, there's they're actually this group is distributing
Speaker 2: like old school just like paper pamphlets with you know,
Speaker 2: false information about vaccinations in this community. And I just
Speaker 2: I don't have any All I want to say is
Speaker 2: just a break it like vaccinate just don't you know,
Speaker 2: make your decisions about healthcare based on science? How about that?
Speaker 2: Just read the facts from unbiased sources and the.
Speaker 1: Thing is is that, like, so what happens?
Speaker 3: Like you know, like these are things you know, I
Speaker 3: remember I used to get my mm MMR these those
Speaker 3: moms Rubella, And I remember that because I as I
Speaker 3: when I taught preschool, you know, before kids could be
Speaker 3: you know, enrolled, they had to have the MMR shot
Speaker 3: because you know, you don't.
Speaker 1: I mean, kids sneeze in your.
Speaker 3: Mouth, okay, like bull base and so why I guess
Speaker 3: I alway times a kid has sneezed in that base
Speaker 3: and I'm like, I guess I'll die today and so
Speaker 3: but no, but like if there's already you're already going
Speaker 3: to get the cold, you're already going to get a flu,
Speaker 3: You're you know, I just you know, And I know
Speaker 3: that parents are doing it obviously because those who don't
Speaker 3: think that they're protecting your children. But here's the thing,
Speaker 3: they're like, as they're gonna be places that they're not
Speaker 3: going to be allowed to go because people check for
Speaker 3: those like I had to have my MMR shot before
Speaker 3: I could be of a teacher. And I'm only assuming
Speaker 3: that there are some positions where those things are checked for.
Speaker 3: You're not going to be away to go to public
Speaker 3: school ever, a friend of mine told me that this
Speaker 3: uh her like a friend of friend, he didn't vaccinate
Speaker 3: his children and they were homeschooled, and he was the
Speaker 3: little girl was a visiting up here in Jersey and
Speaker 3: she got really sick and the parents are like, okay,
Speaker 3: we're on our way. She's like, yeah, no, this baby's
Speaker 3: like really sick, and they're like, we're on our way,
Speaker 3: don't take her. They didn't believe in hospitals, so she
Speaker 3: took her to the hospital and they were basically like,
Speaker 3: you got here in time. This baby had pneumonia and
Speaker 3: it was not doing well. So what was the plan
Speaker 3: to have her die at home?
Speaker 1: You know what I mean?
Speaker 3: I just at some point you have to ask yourself,
Speaker 3: like it's you know, doing what's best for your children.
Speaker 3: Is doing what's best for your children, not just your ideology,
Speaker 3: you know, because because.
Speaker 2: Really like you can raise your kids however you want,
Speaker 2: but when it impacts other people's lives, Yeah, you know,
Speaker 2: if your child gets ill and then spreads that around,
Speaker 2: it's not just your problem and how you raised, because
Speaker 2: that's the defense. It's like it's our body. We can
Speaker 2: choose what to do with it. It's the same reason
Speaker 2: you should get tested for STDs and we're can and
Speaker 2: all that, because it's not just you when you're having sex,
Speaker 2: you can pass things on to other people. And vaccinations,
Speaker 2: I mean it's it's like, it's it's right on par
Speaker 2: with that. If you're an HIV carrier and you're having sex,
Speaker 2: I think you can get like, isn't that crime?
Speaker 3: Yes, having unprotected sex knowingly without sounds crime, right, So I.
Speaker 2: Mean in my mind it's it. You know, I haven't
Speaker 2: really thought that through, but it seems like it could
Speaker 2: be on par with something like that. Why don't we
Speaker 2: have the same Why don't we have the same expectation
Speaker 2: for vaccinations? I mean, there's a reason people came up
Speaker 2: with vaccinations. These are diseases that you know need to
Speaker 2: be inoculated, So why wouldn't you protect your child and
Speaker 2: other children from it? And I'm stumped, but I'd love to,
Speaker 2: you know, if you guys feel I'm curious from our listeners,
Speaker 2: you know, how do you feel about vaccinations? What have
Speaker 2: you heard? I don't have like school age children, So
Speaker 2: if you guys have any stories of what you've heard
Speaker 2: or any controversy in your schools about vaccinations, hit us up,
Speaker 2: you know, shoot us a message on Instagram or at
Speaker 2: Brand Ambition Podcast, or send us an email at Brand
Speaker 2: Ambition Podcast at gmail dot com dot com. Which is
Speaker 2: an amazing segue for.
Speaker 1: Questions Questions that need answers.
Speaker 3: As Dustin Ross, it's funny I did this podcast called
Speaker 3: the friend Zone. He always say a thing that's called
Speaker 3: questions that need answers.
Speaker 2: Well, y'all made me break my Instagram.
Speaker 1: Uh.
Speaker 2: You know, I told you I was taking a break
Speaker 2: from Instagram specifically for Mental Health Awareness Months, which is May.
Speaker 2: But I didn't realize how many of you guys have
Speaker 2: been sending us questions on the gram. So I slid
Speaker 2: into my DMS. I ignored my own personal page. I
Speaker 2: didn't scroll, but I went right to your questions. And
Speaker 2: we've got like a dozen, maybe a couple dozen questions
Speaker 2: in here from people. So let's let's read a couple
Speaker 2: real quick. The first question is from Danny B. She
Speaker 2: actually just let this an hour ago, so hot question
Speaker 2: hot off the press. She says, hey, hey, hey, and
Speaker 2: her budget eest to voice. How do you know this
Speaker 2: is we were just talking about this. How do you
Speaker 2: know when you're financially stable enough to begin investing in
Speaker 2: rental properties things in advance, Tiffany, you are about to
Speaker 2: become potentially right, Wait, did you buy the rental property
Speaker 2: already or no? I forget you.
Speaker 1: Said, did I do what buy?
Speaker 2: Didn't you buy an investment property?
Speaker 1: Yeah?
Speaker 2: So she wants to know, how do you know when
Speaker 2: you're financially stable enough to start investing in rental properties?
Speaker 3: So I would say, well, One, you don't have to
Speaker 3: be debt free, so don't think that like, oh, you
Speaker 3: have no debt whatsoever? I don't that's you know, so
Speaker 3: we could take that out of your mind if it
Speaker 3: is in your mind. I would say, One, your credit
Speaker 3: is decent because you are you know, you likely may
Speaker 3: have to take out like a loan, whether it's to
Speaker 3: buy the property or to pick it up. So I
Speaker 3: would say seven fifty and above because you want to
Speaker 3: get the highest interest rate. Two, you have savings, so
Speaker 3: you want to have at minimum three months worth of savings,
Speaker 3: but ideally more if you're going to invest in rental property,
Speaker 3: because you want to be able to have, you know,
Speaker 3: like a little bit of a cushion and backup. I
Speaker 3: would say six months to a year, but at minimum
Speaker 3: three months, depending on what kind of job you have.
Speaker 3: If you're a nurse, three months might be more than
Speaker 3: enough because it's very easy to find a nursing position
Speaker 3: because they're always in demand. If you're an engineer, I
Speaker 3: would say more because it's not always as easy, especially
Speaker 3: if you're a woman, to find an engineering job. So
Speaker 3: you have savings three you've got like a budget that
Speaker 3: you actually stick to, Like you have there's money at
Speaker 3: the end of the month. So if you're short every
Speaker 3: month during a budget, I wouldn't you want to get
Speaker 3: yourself in a space where you're like, oh, we have
Speaker 3: a budget, we stick to it. We have a savings plan,
Speaker 3: we stick to it. We have a debt plan, we
Speaker 3: stick to it. It's automated, and we have you know,
Speaker 3: decent credit. Once you're kind of there, oh, and you're
Speaker 3: also contributing to your retirement account. If you're doing those things,
Speaker 3: then you're kind of like it's not that you reach perfection,
Speaker 3: but you have a plan and you're in it and
Speaker 3: you're sticking to it for the most part, so then
Speaker 3: then you can it's time to So retirement is investing
Speaker 3: for life, but like that kind of investing real estate
Speaker 3: investing and anything beyond that, it's investing for wealth.
Speaker 1: So that's what I say.
Speaker 3: Anyway, So you know, everyone should be investing for life,
Speaker 3: so like right away, you should be investing for retirement
Speaker 3: because God willing where you'll all get older. But once
Speaker 3: you have the foundation that I just mentioned, then investing
Speaker 3: for wealth it's you know, the next most logical steps,
Speaker 3: so then you can get get get you know, jiggy
Speaker 3: with it. I mean, so that's where Superman and I
Speaker 3: are now, Like you know, we brought our first part.
Speaker 3: We haven't done anything with it, which has been it's
Speaker 3: just been the other house has just been hoof like
Speaker 3: a task. So once the other house we've moved in,
Speaker 3: will start to really work on the investment property. But
Speaker 3: I definitely have my eye out on other pieces of
Speaker 3: investment property that might be a good match. But it's
Speaker 3: a great way to grow wealth, honestly, And it's a
Speaker 3: great way to grow wealth outside of the traditional investing
Speaker 3: if you like to have wealth that you can physically
Speaker 3: kind of see.
Speaker 2: You brought that out right in cash, right.
Speaker 1: Yeah, because it was ten thousand dollars, so it was
Speaker 1: a coreclosure.
Speaker 2: Yeah, if I if I was able to and I
Speaker 2: think in a couple of years, we'll be ready, like
Speaker 2: if we had enough cash to buy, Like I always
Speaker 2: think about Georgia. I feel like my family, I still
Speaker 2: have family there, and I think about buying like a
Speaker 2: little apartment or house in Georgia and renting it out.
Speaker 2: And that's just a more reasonable place I could afford
Speaker 2: to pay cash for something because I wouldn't want to
Speaker 2: have another mortgage payment. So that's something that I consider
Speaker 2: and just the stomach for it in like the time,
Speaker 2: because you do need to be like if you're going
Speaker 2: to rent it out, Because she's talking about rental properties.
Speaker 2: I don't know if you guys were thinking about renting, Yes, okay,
Speaker 2: so you know whether you would whether you hire a
Speaker 2: property management company to do like find tenants for you
Speaker 2: and all that. It's still going to take like some bandwidth.
Speaker 2: So and I'd want to like do my research and
Speaker 2: make sure that I was making like something that was
Speaker 2: a sound investment, because it can be a nice source
Speaker 2: of income, but not if it's you know, if you
Speaker 2: choose the wrong location or if you don't you don't
Speaker 2: buy something that's in a location where there are renting.
Speaker 2: You know a lot of renters, people who want to rent,
Speaker 2: so it's a it's like next level. But I agree
Speaker 2: with Tiffany, you know, focus on that retirement fund savings first,
Speaker 2: and then when you feel comfortable that you're still able
Speaker 2: to keep that up and invest in, you know, an
Speaker 2: additional property, then that's probably a good time.
Speaker 1: Yeah.
Speaker 3: And also so just just like start doing your research
Speaker 3: now because it you know, just because you don't have
Speaker 3: the funds now, let's just say you're like, m, my
Speaker 3: credit score is not where I wanted to be. We
Speaker 3: still are maybe a year off before we have enough
Speaker 3: of you know, savings. This is the perfect time then
Speaker 3: to do your research because either way, you're going to
Speaker 3: have to do your research and it takes time anyway.
Speaker 3: So use this time to really do some research about
Speaker 3: what kind of property you want. Maybe go to an
Speaker 3: auction just to sit in and see how it goes,
Speaker 3: you know, start talking to realtors about your interests and
Speaker 3: finding a good realtor. If you're going to be doing
Speaker 3: fixing up things, start asking friends about their contractors.
Speaker 1: So doing your research ahead of.
Speaker 3: Time is really going to save you time when you're
Speaker 3: in the financial position move.
Speaker 2: One hundred percent. Well, thank you for your question, Danny, b.
Speaker 1: Yeah, it's a great question.
Speaker 2: Let's see scroll into the gram. Okay, so how about
Speaker 2: this question from Yourrehanna GT. Pretty name, I think that's
Speaker 2: her name. Another Hey, Hey, hey, I hope you're doing great,
Speaker 2: Love you both. I have a quick question regarding secured
Speaker 2: credit cards? Can we open more than one? And if
Speaker 2: I do, will it actually help me increase my credit
Speaker 2: score faster? I keep going up and down on my
Speaker 2: credit score, mostly because of my debt to my debt
Speaker 2: to available credit limit ratio her utilization ratio. I want
Speaker 2: to buy a home and I don't have a good
Speaker 2: enough credit score, at least I don't think. So what
Speaker 2: can we tell her about secured cards and whether or
Speaker 2: not you can open more than one?
Speaker 3: You can open up more than one secured credit card,
Speaker 3: but I mean, I guess she's saying she's opening it
Speaker 3: up for the purpose to raise her credit score.
Speaker 2: Yeah, so she wants to raise her credit score. She's
Speaker 2: trying to get approved of her house and doesn't she
Speaker 2: doesn't mention what her score is, but she doesn't think
Speaker 2: it's high enough to qualify for a mortgage yet.
Speaker 3: Well here's the thing, though, So typically when you're trying
Speaker 3: to prove yourself credit worthy. They're looking for diversity, So
Speaker 3: opening up two secured cards is opening up two of
Speaker 3: the same type of debt.
Speaker 1: It's called revolving debt. So it's not.
Speaker 3: Really gonna help necessarily. So instead I would open up
Speaker 3: a secured card. I mean, and know this that you
Speaker 3: don't want to. You should not incur a new debt
Speaker 3: at least within three months of buying a house. So
Speaker 3: I hope buying a house is like maybe like three, six,
Speaker 3: maybe twelve months away. So I hope you know, because
Speaker 3: you're not going to like open up a credit card
Speaker 3: and get a house next month, because they're going to
Speaker 3: have a heart attact that you open up a credit
Speaker 3: card so quickly to getting a mortgage, because it's like
Speaker 3: telling them, I know I'm going to borrow from you,
Speaker 3: but I just borrow from somebody else. They're like, nah, girl.
Speaker 3: So it'll get you a secure credit card. Use what
Speaker 3: I call the jump like Jordan method. Put Netflix or
Speaker 3: something under twenty bucks on it, let it automatically charge
Speaker 3: that card, and then let your bank account automatically pay
Speaker 3: it off. Just to build pay at your bank account.
Speaker 3: So here's a trick. Though, you want to pay after
Speaker 3: the statement date. Just call them and say when's my
Speaker 3: statement date? That's just the day they issue the statement.
Speaker 3: And when they issue you the statement, that means that
Speaker 3: they've told a credit bureau what's her name again? Uh Uriana, Uriana,
Speaker 3: Uriana has I'm gonna call you Urie. I like that
Speaker 3: you no, no, let me not do that because I
Speaker 3: hate it when people do that. So Urana Uriyana has
Speaker 3: used her card. So pay after this statement date, so
Speaker 3: you know that it's been kind of like reported to
Speaker 3: the credit viers. It's been used, but by the do date,
Speaker 3: so you know, if it's due on the fifth, paid
Speaker 3: you know by the fifth.
Speaker 1: You know.
Speaker 3: So if you do that with your and like that's
Speaker 3: an automated kind of like system, Netflix charges that card,
Speaker 3: banking Out pays it off automated, put that card up.
Speaker 1: So that's one.
Speaker 3: And then if you want to open up another kind
Speaker 3: of line of credit to show I'm responsible, another credit
Speaker 3: card is not going to show that. Instead, you can
Speaker 3: get something called like self lender, and those are what
Speaker 3: kind of loan does that? Call Mandy when you have
Speaker 3: installment loan?
Speaker 1: Ryeah?
Speaker 3: So you know, so exactly, so like revolving debt is
Speaker 3: a credit card, an installment loan. Think about it as
Speaker 3: like a cardinal or student loans. That means you're paying
Speaker 3: back a loan and an installment, and so self lender
Speaker 3: lets you do like kind of like a faux installment loan.
Speaker 3: And the way it works is that, like you say, hey,
Speaker 3: self lender, I want to borrow the smallest amount of money,
Speaker 3: which I think is like five hundred bucks. Self lenders said, sure,
Speaker 3: they don't give you the five hundred, which is great.
Speaker 3: They put it in a in a money market account
Speaker 3: or safety account for you, and then you pay back
Speaker 3: that pipe hundred as if you received it. So every
Speaker 3: month you pay back like I don't know, forty one
Speaker 3: bucks or something to that effect. They take a small fee.
Speaker 3: The fee equates to maybe like seventy bucks. For the
Speaker 3: whole year, you pay it for a small fee like
Speaker 3: in that paying backup every month, and at the end
Speaker 3: of the year, it's like.
Speaker 1: Yay, Uriana not only borrow this money, she paid it
Speaker 1: back in full woo hoo.
Speaker 3: So and she paid it back, she paid all of
Speaker 3: her monthly payments on time. So automate those monthly payments,
Speaker 3: and I think self lender does that for you anyway,
Speaker 3: And so you get to prove to the lender, to
Speaker 3: not self lender, but to your mortgage lender, Hey, I
Speaker 3: can borrow money two different ways and be responsible. And
Speaker 3: at the end, when you're done with self lender, they
Speaker 3: give you back your five hundred dollars. So that's what's
Speaker 3: so great about self lender is that you get to
Speaker 3: kind of show the credit bureau and other lenders, I
Speaker 3: can borrow money and installments. And then with a security card, hey,
Speaker 3: I can borrow revolving money and be responsible with it.
Speaker 1: So that's what I would do.
Speaker 3: But to me, it's probably going to take self lender
Speaker 3: takes about you know, it takes a year for it
Speaker 3: to be finished. So in the meantime, though, like I
Speaker 3: mentioned before, do your research on neighborhood on what kind
Speaker 3: of mortgage you want to get. Are their mortgage programs.
Speaker 3: Maybe join NAKA NACA not because this pre federal program
Speaker 3: that helps first time home buyers. That's just someone who
Speaker 3: has not owned a home in the last three years.
Speaker 3: And so I would do my prep work so by
Speaker 3: the time you know my credit score is seven fifty
Speaker 3: and above, you're ready to rock and roll because you
Speaker 3: have all the knowledge.
Speaker 2: Yeah, there are some mortgage programs where you can get
Speaker 2: a mortgage like for the FAHA loan for example as
Speaker 2: lowest five hundred with a credit score of the lowest
Speaker 2: five hundred and a low down payment. But you just
Speaker 2: have you know, it's the higher your score is, the
Speaker 2: better off you are because you're going to be able
Speaker 2: to get a rate on your mortgage. And think about
Speaker 2: like thirty years of paying interest, So you want the
Speaker 2: lowest rate possible, and the higher your score is, the
Speaker 2: lower your rate is. So that's awesome. And I don't
Speaker 2: know if you mentioned credit unions, but my dad definitely
Speaker 2: has had success getting a small personal loan from a
Speaker 2: credit union. They have more traditional kind of credit builder
Speaker 2: loans that they can offer sometimes, and if you have
Speaker 2: poor credit, that could be a good option too.
Speaker 1: Yeah. Yeah, thank you for your.
Speaker 2: Question, Yodiana. Let's say one kind of home investment related question.
Speaker 2: This is something I've been thinking about a lot too.
Speaker 2: This question is from Laura on Instagram. My question is
Speaker 2: I own a home, I have no other debt. Would
Speaker 2: you recommend that I pay off my home faster by
Speaker 2: making extra payments each month or should I save the
Speaker 2: money for an investment property. What would be the best
Speaker 2: use of my money?
Speaker 1: Thanks, ladies, Oh these questions be good. What's there you manager?
Speaker 2: Well, I have been. I was just thinking about my mortgage,
Speaker 2: and so generally when you have like so, I don't
Speaker 2: know what your mortgage rate is, but if you've got
Speaker 2: a mortgage in the last year or two, it's probably
Speaker 2: like high three percent or low four percent, which is
Speaker 2: a really low rate. And if you think about you
Speaker 2: know this. I answered a question from a family member
Speaker 2: recently because they were like, should I just put all
Speaker 2: this I had? He had a windfall coming and he
Speaker 2: wanted to know if he should put it toward his
Speaker 2: mortgage or open up an eye ray or something like that.
Speaker 2: And we compared the interest rate on his mortgage to
Speaker 2: what he could be earning if he invested in the
Speaker 2: market based on past returns, and clearly you can stand
Speaker 2: to earn more. And if you invest in the market
Speaker 2: based on past returns, but potentially based on past returns,
Speaker 2: you know you're probably going to do better than four
Speaker 2: percent if you're investing for the long term. When it
Speaker 2: comes to choosing between you know, paying off your mortgage
Speaker 2: or investing in another property, you have to look at
Speaker 2: the data and like, look at you know, what you
Speaker 2: could potentially stand to gain by investing in another property,
Speaker 2: and would it be worth more financially in terms of
Speaker 2: your investment returns than what you could save by paying
Speaker 2: off your mortgage faster. There's no rush to pay off
Speaker 2: your mortgage, especially if you've got that That's what I
Speaker 2: tell myself. You know, if you've got that low rate,
Speaker 2: you know you've got thirty twenty. I've got twenty nine
Speaker 2: years now or twenty eight years now to still pay
Speaker 2: it down. But I have been thinking, I really would
Speaker 2: love to be able to pass on a paid off
Speaker 2: property to my future kids, you know, or to have
Speaker 2: in my family. That's something that my family's never had,
Speaker 2: a paid off piece of property. So that's becoming a
Speaker 2: goal for me. But I don't necessarily, I still don't
Speaker 2: think for me right now, it makes sense to throw
Speaker 2: all the money I have at my mortgage. I'm, like
Speaker 2: I said, recovering from the remodel still, and we're rebuilding
Speaker 2: so that we have a nice chunk of change. And
Speaker 2: when I have that nice chunk of change, I'm hoping
Speaker 2: by then I will know what I want to do.
Speaker 2: With it, and it may be investing in a property,
Speaker 2: and it may be taking a big chunk out of
Speaker 2: my mortgage.
Speaker 1: Yeah. No, I agree.
Speaker 3: It's hard because it's like this is both like a
Speaker 3: technical financial question, but it's also an emotional question, right,
Speaker 3: because I mean, I don't you know, I could I
Speaker 3: have used the money that I used to purchase and
Speaker 3: renovate the house, you know, toward like investing, Yes, but
Speaker 3: after losing my house, my first property, to foreclosure, I
Speaker 3: was kind of like, yeah, I kind of want to
Speaker 3: have a place that they can't snatch for me, you know.
Speaker 1: Yeah, And it.
Speaker 3: Still was an investment, so don't here's the thing buying
Speaker 3: your home, Even if you're buying a for emotional reason,
Speaker 3: it should still make financial sense. Your emotions don't get
Speaker 3: to erase the fact that has to make financial sense.
Speaker 3: So I purchased that of the house, but it was
Speaker 3: also a foreclosure of the first property, and it was
Speaker 3: worth double what we paid for, so I was conscious of, yes,
Speaker 3: I'm paying for a can, but I'm also paying for
Speaker 3: if I would were to resell it right now on
Speaker 3: the market, I would get double back.
Speaker 1: So yeah, just I mean, ideally, what I think about debt.
Speaker 3: Here's the advice I've finally come to really like absorb
Speaker 3: from my parents that I didn't really listen to when
Speaker 3: I was younger, is that focusing on debt is really
Speaker 3: not the goal. If you focus on debt, you'll be
Speaker 3: debt free. But guess what, my nephew Roman, he's three,
Speaker 3: Guess what he's debt free. He still broke.
Speaker 1: Like, debt free does not mean anything, you know what
Speaker 1: I mean.
Speaker 3: But like, instead, you want to focus on growing wealth
Speaker 3: because when you focus on growing wealth, you get both.
Speaker 3: You get wealth and you can get debt free. I
Speaker 3: finally listened to that lesson when last year I paid
Speaker 3: off my student loan debt one lump sum. But I
Speaker 3: could have paid it off earlier. I had the money,
Speaker 3: but I decided to instead invest back into growing my business.
Speaker 3: Really wanted to grow from six figures to seven figures
Speaker 3: a year, and so I used part of that my
Speaker 3: student loans for fifty two thousand dollars something like that.
Speaker 3: And so I instead really focused putting my money back
Speaker 3: into the business and now we're multi seven figure a year,
Speaker 3: like one of the businesses is multi seven.
Speaker 1: Figure a year.
Speaker 3: And so as a result, last year even though I
Speaker 3: had the money earlier last year, I was able to say, okay,
Speaker 3: student loan debt, I finally have more than enough of
Speaker 3: a buffer that business is doing well, I'm going to
Speaker 3: pay you off in full. Because I focused on growing wealth,
Speaker 3: so the wealth took care of the debt. I did
Speaker 3: not focus on the debt. But that took a lot
Speaker 3: of retraining mentally. And so that's like a piece of
Speaker 3: advice that I would give you.
Speaker 2: Yeah, And if you're thinking about an investment property too,
Speaker 2: and you're if you you know, have a property or
Speaker 2: a budget in mind, where Okay, if you know that
Speaker 2: if you saved diligently for the next three to five years,
Speaker 2: you'll have enough cash to pay for an investment property outright,
Speaker 2: and then you're going to rent it out and people
Speaker 2: you'll have rental income, which could then help you pay
Speaker 2: your mortgage down plus be a source of passive income
Speaker 2: in the future. Then maybe that equation makes more sense.
Speaker 2: Then it's like the temporary not paying down your mortgage,
Speaker 2: but you know, building up toward that investment and the
Speaker 2: investment property. You know, of course, Tiffany and I are
Speaker 2: not financial experts or financial planners or investment advisors. All
Speaker 2: of our advice is just based on our own experiences,
Speaker 2: so you know, when it comes down to making that
Speaker 2: final decision, you'll probably want to consult financial advisor or
Speaker 2: do your own research. But that's just the way that
Speaker 2: you know. I've thought about investment properties in the past,
Speaker 2: and Tiff too.
Speaker 1: Mm hmm.
Speaker 2: Wait, So do not like when people shorten your name
Speaker 2: to Tiffany because I do that. I mean to Tiff,
Speaker 2: I do that all the time.
Speaker 1: No, No, I don't mind.
Speaker 3: It was my African name when people like make up
Speaker 3: their own because it was like when they used to
Speaker 3: make up their own version of it because they couldn't
Speaker 3: say it.
Speaker 1: And I'm like, yeah, that's not it.
Speaker 2: That trigger. And my friend Jess asked me years ago
Speaker 2: not to call her jests and I've never listened.
Speaker 1: Meanwhile, you just said my friend jests, which is how
Speaker 1: are you?
Speaker 2: I know. I don't know if she remembers that saying
Speaker 2: that she didn't like people calling her jests. But I
Speaker 2: was like, sorry, Jess, like for.
Speaker 3: Me tip to Tiffany, I don't you know. I'm like
Speaker 3: that's fine. But like my African name was Adoci and
Speaker 3: people would be like a Juchi.
Speaker 1: I'm like, I'm just gonna carry you. Oh.
Speaker 3: I'm like, or you're just gonna call me adochi. It's
Speaker 3: three tamos dochi. It's not that hard and so like.
Speaker 3: So that used to like really trigger me.
Speaker 1: So but no. Tip to Tiffany.
Speaker 3: I'm like, literally, that's the name I picked when I
Speaker 3: was nine years old and my dad's like.
Speaker 1: Pick a name. We're staying in America.
Speaker 3: And I was like, okay, I mean I was born here,
Speaker 3: but my dad always thought that we would move to Nigeria.
Speaker 3: We'd be raised in Nigeria. But then Nigeria took a
Speaker 3: turn and he was like, yeah, that plant's next. Pick
Speaker 3: you a English name.
Speaker 1: And I was like, ooh, Renee. He was like no.
Speaker 2: I was like, what the hell the eighties?
Speaker 1: I know, yes, right, and so I was like, what
Speaker 1: about I think we are?
Speaker 3: I wanted Renee, I wanted then I wanted Jenny. Thank
Speaker 3: god he nicked that one. He's like Tiffany, be serious.
Speaker 3: So it's like Tiffany's nice, and he was like and
Speaker 3: I literally didn't even think about it.
Speaker 1: I just said I kind of like Tiffany. He's like, okay,
Speaker 1: that's it. I'm like, wait, can I think on that.
Speaker 1: So that was it. Tiffany is and Tiffany. It always
Speaker 1: has been.
Speaker 3: It's still weird when my sisters call me, they only
Speaker 3: call me tiffany more. I call my sisters by their
Speaker 3: African name, except for Lisa, because Lisa was born after
Speaker 3: the switch, so she was born Lisa.
Speaker 1: But it's weird.
Speaker 3: My sisters call me my American name more than anybody
Speaker 3: else because because of my business. So everyone like will
Speaker 3: come to them and be like, oh my god, I
Speaker 3: love your sister, Tiffany. The bunch of nisas helped me,
Speaker 3: so they call me tiffany more.
Speaker 1: But like I don't really.
Speaker 3: I don't call my sisters by their American name unless
Speaker 3: we're like saying it at a jest, like like I said, Carol,
Speaker 3: but that's not her, Like I don't ever call Carol Carol.
Speaker 1: I call her by her African name.
Speaker 3: But yeah, so when someone called me by my African name,
Speaker 3: I'm like, yo, somebody did that the other day, maybe
Speaker 3: like a few months ago, and I looked at them like, wait,
Speaker 3: I know you because you know, and it.
Speaker 1: Was like, yeah, my parents, I know.
Speaker 3: We went to elementary school together. I'm like, we sure did.
Speaker 3: Because that was my name and that school. I mean,
Speaker 3: it's still it now. But when someone's like, hay it
Speaker 3: dol Chi, I'm like, wait, so name it is right.
Speaker 3: It means God's blessing. People got it grawn and I'm like,
Speaker 3: it's not even that hard to say.
Speaker 2: Do you think you'll give your kids Nigerian names?
Speaker 3: I think at least one of their names will be
Speaker 3: because there's some Nigerian names that like, you know, I
Speaker 3: get it for the ease of being into this darn
Speaker 3: dusty country.
Speaker 1: I mean America. You know sometimes you thought we are
Speaker 1: it could be a lot here.
Speaker 2: Yeah, I know with.
Speaker 3: Every country, but but yeah, so I think I would
Speaker 3: do a mix. Like I love the name Adase because
Speaker 3: Ada is first born daughter. That's what like if like
Speaker 3: my sister Karen, somebody would be like, well, ask my dad,
Speaker 3: oh is this your Ada?
Speaker 1: That means your daughter, but first born.
Speaker 3: And and then Esse is king, so Adase means daughter
Speaker 3: of the king, which is princess. So a lot of
Speaker 3: you'll see a lot of Nigerians will or Ego Nigerians
Speaker 3: will have a Dase. So I really like the name
Speaker 3: ad So if I have a daughter, yeah maybe Adase.
Speaker 1: But there's like one.
Speaker 2: Of my best friends is Nigeria and I love her
Speaker 2: name is totally Lope. I just love saying it again.
Speaker 2: She goes by Tulu, but I'm like, no, totally.
Speaker 3: Lope probably so she's she's your back. So total lou
Speaker 3: is a is a very common pre like you're about.
Speaker 3: Use a lot of prefixes like Tolu oh lah. So
Speaker 3: whenever I hear like Tolu oh lah Olu, some those
Speaker 3: are used typically your u by names and Ebo's use
Speaker 3: a lot.
Speaker 1: Of post kind of fix like Chi me.
Speaker 3: I think Olu is God and you're Aba, and she
Speaker 3: is God in Ebo, so you'll hear like Ado Chi
Speaker 3: like h she goes e to like you know, so
Speaker 3: whenever I hear Chi, I'm like, oh, you're you're likely
Speaker 3: Ebo because because Nigerians seem to be very religious, so
Speaker 3: they'll use God in children's names a lot. But like
Speaker 3: I can typically tell by someone's name, like you know,
Speaker 3: if they're Nigerian, if they're Ebo, you're about or something else.
Speaker 3: But yeah, I mean, our names are beautiful and it's
Speaker 3: just I'm actually glad that people don't call me that. So,
Speaker 3: like if you see me in the street, I mean, honestly,
Speaker 3: if you're not gonna say it right, I don't want
Speaker 3: you to say it because it's not cute to me,
Speaker 3: you know, like I feel protective over I don't want
Speaker 3: to be like Dchi.
Speaker 1: I'm like, yeah, just come.
Speaker 3: To Tiffany because I'm not going to respond to the
Speaker 3: wrong you know, the missing of my beautiful African name
Speaker 3: fair enough.
Speaker 2: Don't call me Amanda's ma. I'm just kidding that as
Speaker 2: all the same. Don't call me Mandy with a y.
Speaker 2: Damn it.
Speaker 1: I'm like, wait, you're not Mandy with a lie.
Speaker 2: You're like, I'm oh my god, I still have relatives.
Speaker 2: You put that on my cards. I'm like, just just.
Speaker 4: Say come on, I literally, you know whatever.
Speaker 2: It's fine. I'm used to it. It's cool. All right.
Speaker 2: Well that's our show, you guys, Thanks for tuning in,
Speaker 2: and thanks for your questions. I'll be checking the gram.
Speaker 2: You know, we'll come. I'll meet you guys where you are.
Speaker 2: We got way more questions on the GRAM than through
Speaker 2: our Are we old? This is email no longer a thing?
Speaker 1: Like?
Speaker 2: Come on, I mean, email still is a good way
Speaker 2: to reach us. It sure is easier to keep track
Speaker 2: on email. Brandonbispodcast at gmail dot com. You can hit
Speaker 2: us up directly also on the Gram send me a DM.
Speaker 2: Just don't tag us in your stories because I have
Speaker 2: to view those within twenty four hours or they disappear
Speaker 2: and I'm constantly clicking and I'm like, oh, I can't
Speaker 2: see it anymore. So send me a as a d
Speaker 2: M and I'll check those. We're at Brand Edition Podcast
Speaker 2: on Instagram.
Speaker 1: Yeah, this was a good shot. I feel good.
Speaker 2: I feel great. All right, Well, go have a good
Speaker 2: rest of your week and we'll see you guys next week.