1 00:00:00,880 --> 00:00:04,480 Speaker 1: Hey, hey, ba fam, it's time for the b a 2 00:00:04,840 --> 00:00:07,880 Speaker 1: qa A the v a q a what to say 3 00:00:08,039 --> 00:00:10,520 Speaker 1: the v a q wait with manday, the v a 4 00:00:10,880 --> 00:00:14,840 Speaker 1: q a the b a qa A. 5 00:00:14,880 --> 00:00:17,120 Speaker 2: Happy holidays, ba fam. 6 00:00:17,440 --> 00:00:20,120 Speaker 1: We're on the other side of Christmas now, and I 7 00:00:20,160 --> 00:00:23,119 Speaker 1: hope that it was a beautiful holiday for y'all. Or 8 00:00:23,160 --> 00:00:25,319 Speaker 1: if it wasn't, it's in the past, y'all, it's over. 9 00:00:25,480 --> 00:00:29,360 Speaker 1: Let's move forward. Let's look ahead now. In this special 10 00:00:29,440 --> 00:00:31,680 Speaker 1: episode of the ba Qa we're going to take a 11 00:00:31,680 --> 00:00:34,440 Speaker 1: look back at some of our favorite questions of the year. 12 00:00:35,000 --> 00:00:36,960 Speaker 2: I hope y'all enjoy it. Hope you just you know, 13 00:00:37,040 --> 00:00:39,960 Speaker 2: can play this while you're you know, enjoying watching the 14 00:00:40,040 --> 00:00:43,440 Speaker 2: kids run around with all those gifts, and hopefully maybe 15 00:00:43,479 --> 00:00:45,519 Speaker 2: you're having a white Christmas. Whatever. 16 00:00:45,600 --> 00:00:49,440 Speaker 1: I hope you're just having a season of rest and rejuvenation. 17 00:00:49,880 --> 00:00:52,400 Speaker 1: And we put together this little show just for you. 18 00:00:52,760 --> 00:00:55,640 Speaker 1: Thank you, ba fam, We love you, and we'll see 19 00:00:55,680 --> 00:00:56,440 Speaker 1: you in the new year. 20 00:01:12,720 --> 00:01:16,240 Speaker 3: It's time for the b a q a a to 21 00:01:16,360 --> 00:01:18,840 Speaker 3: b a q a which to say, the b a 22 00:01:19,200 --> 00:01:21,280 Speaker 3: q eight with Tiff and a the b a q 23 00:01:21,600 --> 00:01:26,760 Speaker 3: a no, Manday, I am taking these questions. I'm answering 24 00:01:26,760 --> 00:01:29,480 Speaker 3: today just in general from what the people have been asking, 25 00:01:29,560 --> 00:01:37,000 Speaker 3: and the people say, bujaneta buganesta question. So I have 26 00:01:37,120 --> 00:01:42,119 Speaker 3: these financial resolutions and it's not looking good, Queen, even 27 00:01:42,120 --> 00:01:44,960 Speaker 3: though we're in week two. How do I stay on 28 00:01:45,120 --> 00:01:48,600 Speaker 3: track for the year? Who has that question? Raise your hand? 29 00:01:48,640 --> 00:01:53,160 Speaker 3: Raise your hand, right? I know I have that question sometimes, 30 00:01:53,520 --> 00:01:56,200 Speaker 3: and so I have found a system, if you will, 31 00:01:56,520 --> 00:02:00,680 Speaker 3: that allows me to stay on relative financial track for 32 00:02:00,760 --> 00:02:03,960 Speaker 3: the year. Want to hear it? Hear it? Go first 33 00:02:03,960 --> 00:02:06,800 Speaker 3: things first, you do have to kind of identify I 34 00:02:06,800 --> 00:02:10,400 Speaker 3: don't necessarily do resolutions, but I do try to identify 35 00:02:10,760 --> 00:02:13,160 Speaker 3: what goals financial goals I'd like to meet by the 36 00:02:13,240 --> 00:02:15,600 Speaker 3: end of the year. But this is what I ask myself. 37 00:02:15,639 --> 00:02:20,000 Speaker 3: I say, Tiffany January one, Tiffany, what would you like 38 00:02:20,120 --> 00:02:23,960 Speaker 3: January thirty first Tiffany to look like? Where would you 39 00:02:24,040 --> 00:02:25,520 Speaker 3: like for her to say? Ooh chi, I went on 40 00:02:25,560 --> 00:02:28,160 Speaker 3: these trips. What would you like her to be wearing? 41 00:02:28,560 --> 00:02:29,720 Speaker 3: You know, I was just looking at a pair of 42 00:02:29,760 --> 00:02:31,720 Speaker 3: Jordan's today, these jordan Ones. I love the jordan Ones. 43 00:02:31,720 --> 00:02:34,400 Speaker 3: They were red and black and white. I want her 44 00:02:34,440 --> 00:02:37,800 Speaker 3: to be wearing those, right, what you know? What is 45 00:02:37,800 --> 00:02:39,520 Speaker 3: she a last girl, because you see, I got me 46 00:02:39,520 --> 00:02:41,959 Speaker 3: a little last one. Right now? Does she still have those? Okay? 47 00:02:43,120 --> 00:02:45,680 Speaker 3: Has she finally moved into her condo she's been renovating forever. 48 00:02:47,760 --> 00:02:53,000 Speaker 3: Has she eaten at certain restaurants m ou la la? 49 00:02:53,160 --> 00:02:55,360 Speaker 3: Has she spent time with people she wanted to spend 50 00:02:55,440 --> 00:02:58,840 Speaker 3: time with? What does January thirty one Tiffany look like? 51 00:02:59,480 --> 00:03:03,079 Speaker 3: And then infuse financially? What does that mean for her 52 00:03:03,720 --> 00:03:05,440 Speaker 3: or him? Right? Or they? 53 00:03:05,560 --> 00:03:05,720 Speaker 1: Then? 54 00:03:06,000 --> 00:03:09,519 Speaker 3: Right? What does that mean? Because this is more powerful 55 00:03:09,560 --> 00:03:13,040 Speaker 3: than a resolution, because of the resolution is like, I'm 56 00:03:13,040 --> 00:03:16,840 Speaker 3: gonna fix my crdit. That's great. What does that actually mean? 57 00:03:17,000 --> 00:03:22,080 Speaker 3: I'm literally envisioning myself December thirty first, you know, not 58 00:03:22,160 --> 00:03:25,919 Speaker 3: outside because child is ghetto on New Year's Eve and dangerous, 59 00:03:26,680 --> 00:03:30,160 Speaker 3: the December thirty first, reflecting on my year that's passed. 60 00:03:30,639 --> 00:03:33,040 Speaker 3: And I'm gonna actually because if you know me, you 61 00:03:33,080 --> 00:03:34,880 Speaker 3: know I'm always cutting my locks, and I've cut them 62 00:03:34,880 --> 00:03:37,760 Speaker 3: to the chin, I've cut them shorter. But for one thing, 63 00:03:37,800 --> 00:03:39,880 Speaker 3: I'm like child, I'm actually gonna let my locks grow. 64 00:03:39,960 --> 00:03:43,280 Speaker 3: So I imagine it's already like at Brawlink, and so I imagine 65 00:03:43,160 --> 00:03:45,200 Speaker 3: they'll be like mid back and your girl's gonna be 66 00:03:45,200 --> 00:03:48,160 Speaker 3: a mermaid. I also think I'm gonna keep the lashes up. 67 00:03:49,000 --> 00:03:51,640 Speaker 3: I will have traveled. I know for a fact, I'm 68 00:03:51,680 --> 00:03:55,960 Speaker 3: going to Africa. I'm going to go to Johannesburg and 69 00:03:56,000 --> 00:03:59,320 Speaker 3: a few surrounding countries. Literally tomorrow, I leave for Puerto 70 00:03:59,360 --> 00:04:02,760 Speaker 3: Rico with my sister. I Am. I just got back 71 00:04:02,760 --> 00:04:04,920 Speaker 3: from South Carolina. Y'all never told me about the sea 72 00:04:04,960 --> 00:04:08,720 Speaker 3: islands Gullah Gulla. It was so freaking beautiful. I was 73 00:04:08,800 --> 00:04:11,880 Speaker 3: right on the Atlantic Ocean. It was moving right. So 74 00:04:12,320 --> 00:04:15,600 Speaker 3: that's happening. My sisters just started taking pilates classes. It's 75 00:04:15,640 --> 00:04:19,040 Speaker 3: forty dollars a class. I'm considering it. But do you see, 76 00:04:19,080 --> 00:04:23,240 Speaker 3: like as I imagine January December thirty one, Tiffany, like 77 00:04:23,320 --> 00:04:26,320 Speaker 3: I'm looking at her holistically and then I'm attaching the 78 00:04:26,360 --> 00:04:30,280 Speaker 3: financial goals to that holistic life. Does that make sense? Right? 79 00:04:30,720 --> 00:04:30,840 Speaker 1: Like? 80 00:04:30,880 --> 00:04:33,400 Speaker 3: What do I want for her? I want to have travel. 81 00:04:33,839 --> 00:04:35,960 Speaker 3: You know, I don't necessarily want to lose weight, but 82 00:04:36,080 --> 00:04:39,080 Speaker 3: certainly I would like my body to be tighter, little 83 00:04:39,120 --> 00:04:42,240 Speaker 3: more snatched to the wakes. Okay, because I'm bringing in 84 00:04:42,279 --> 00:04:44,960 Speaker 3: forty five, I want to be given forty five grown 85 00:04:45,000 --> 00:04:48,279 Speaker 3: woman energy, but the body of thirty maybe not thirty 86 00:04:48,320 --> 00:04:51,480 Speaker 3: because thirty I was too skinny. Thirty five, thirty seven, No, 87 00:04:52,279 --> 00:04:54,560 Speaker 3: just tighter than what I am now. I still give 88 00:04:54,600 --> 00:04:58,320 Speaker 3: it key though, right, But I literally am asking myself, 89 00:04:58,320 --> 00:05:00,840 Speaker 3: how do I want to show up on the last 90 00:05:00,920 --> 00:05:03,159 Speaker 3: day of the year, and what does that look like? 91 00:05:03,200 --> 00:05:04,800 Speaker 3: What I have to do now, and how does that 92 00:05:04,839 --> 00:05:07,359 Speaker 3: tie into my financial life? Is there money that I 93 00:05:07,400 --> 00:05:10,000 Speaker 3: have to save? Are there trips that I have to book? 94 00:05:10,600 --> 00:05:12,920 Speaker 3: Maybe I need to lean in, Like literally, I'm going 95 00:05:12,960 --> 00:05:16,840 Speaker 3: to Dubai in February. Your girls outside outside here go 96 00:05:17,200 --> 00:05:20,200 Speaker 3: catch this to my trips in the month of January, 97 00:05:20,800 --> 00:05:23,520 Speaker 3: South Carolina. I started off with their doing Karen Hunter. 98 00:05:23,600 --> 00:05:27,760 Speaker 3: She's got this awesome podcast. She had this Healthy, Wealthy 99 00:05:27,800 --> 00:05:33,280 Speaker 3: Wise conference, which was inpecably done. I started there. I 100 00:05:33,320 --> 00:05:35,240 Speaker 3: go to Puerto Rico. I just got back on Sunday. 101 00:05:35,279 --> 00:05:39,040 Speaker 3: I go to Puerto Rico tomorrow to celebrate my sister's 102 00:05:39,040 --> 00:05:44,679 Speaker 3: fortieth Hey, haroyl, that's roman A Milia's mama Inanda. Because 103 00:05:44,760 --> 00:05:47,680 Speaker 3: my friend Rachel Rogers is having her ROI conference as 104 00:05:47,760 --> 00:05:49,920 Speaker 3: she has every year in Puerto Rico. So we're gonna 105 00:05:49,960 --> 00:05:53,159 Speaker 3: I'm gonna go to the conference but also enjoy pr 106 00:05:53,440 --> 00:05:57,120 Speaker 3: Okay and Dean. The week after that, I have to 107 00:05:57,120 --> 00:05:59,760 Speaker 3: go to Boston cause I'm taping this huge podcast. Y'all 108 00:05:59,800 --> 00:06:02,720 Speaker 3: heard it. Mel Robbins, you know you have Okay, I'm 109 00:06:02,760 --> 00:06:04,960 Speaker 3: taking her podcast. It's in Boston, So I'll be flying 110 00:06:05,000 --> 00:06:08,440 Speaker 3: out to do that. Indean, I got booked to do 111 00:06:08,480 --> 00:06:12,040 Speaker 3: this gig in la a week after that, and so 112 00:06:12,240 --> 00:06:14,400 Speaker 3: I might We'll see how long I stay because I 113 00:06:14,440 --> 00:06:18,000 Speaker 3: have some friends in La hey Evon and my cousin Chris, 114 00:06:18,000 --> 00:06:19,440 Speaker 3: so maybe I'll stay a couple of days to hang 115 00:06:19,440 --> 00:06:21,800 Speaker 3: out with them, and then two weeks. Then the week 116 00:06:21,839 --> 00:06:24,000 Speaker 3: after that, I'm going to be going to DC to 117 00:06:24,040 --> 00:06:29,080 Speaker 3: see my friends. And so that's happened in DC. And 118 00:06:29,080 --> 00:06:32,279 Speaker 3: then the week after that, I go to Dubai for 119 00:06:32,360 --> 00:06:38,080 Speaker 3: this Mastermind. And during this Mastermind, my friend Terry is 120 00:06:38,080 --> 00:06:40,280 Speaker 3: going to be there. She said, I've always wanted to 121 00:06:40,320 --> 00:06:43,200 Speaker 3: go to Singapore. I said, okay, girl, so we are 122 00:06:43,200 --> 00:06:46,839 Speaker 3: going to go to Singapore the Mastermind for Dubai. It's 123 00:06:46,880 --> 00:06:48,680 Speaker 3: just two days. But who goes all the way to 124 00:06:48,800 --> 00:06:51,200 Speaker 3: Dubai just to stay for two days? Not me? So 125 00:06:51,279 --> 00:06:56,240 Speaker 3: I'm going to be in a way for about ten days, 126 00:06:56,560 --> 00:06:59,200 Speaker 3: and so we're gonna spend time in Dubai and then 127 00:06:59,200 --> 00:07:01,520 Speaker 3: spend time as saying, and then bring myself on home. 128 00:07:01,720 --> 00:07:06,200 Speaker 3: That's just January February. Your girl is what outside? So 129 00:07:06,400 --> 00:07:10,040 Speaker 3: as I think of December thirty one, Tiffany, she has 130 00:07:10,160 --> 00:07:12,960 Speaker 3: been well traveled, right, I didn't even talk about May 131 00:07:13,000 --> 00:07:15,160 Speaker 3: when I go to Africa, when I go to Johannesburg 132 00:07:15,200 --> 00:07:17,640 Speaker 3: and the surrounding countries. Right, I even book all the 133 00:07:17,720 --> 00:07:20,960 Speaker 3: other things I plan on doing. Okay, but in order 134 00:07:21,000 --> 00:07:23,480 Speaker 3: to do that, I am currently looking at one my 135 00:07:23,600 --> 00:07:27,880 Speaker 3: finances two points. I'm literally like I was watching YouTube 136 00:07:27,920 --> 00:07:31,640 Speaker 3: videos today about the best way to modeem points because 137 00:07:31,640 --> 00:07:34,120 Speaker 3: I got a lot of NX points, gotta United, a 138 00:07:34,480 --> 00:07:38,240 Speaker 3: lot of United Airline points, some Chase Venture Card points 139 00:07:38,560 --> 00:07:41,360 Speaker 3: and so but do you see that? Like, I don't 140 00:07:41,360 --> 00:07:43,680 Speaker 3: want you to think of your December thirty first self 141 00:07:44,040 --> 00:07:46,000 Speaker 3: just from a financial place. I want you to think 142 00:07:46,040 --> 00:07:48,560 Speaker 3: of like, how will you show up holistically and then 143 00:07:48,600 --> 00:07:51,160 Speaker 3: match your money to that. That's how you stick to 144 00:07:51,200 --> 00:07:55,560 Speaker 3: the quote unquote resolutions, because resolutions are dry, honey and ashy, 145 00:07:55,880 --> 00:07:59,880 Speaker 3: but if you make them about your holistic, wonderful life, 146 00:08:00,040 --> 00:08:02,520 Speaker 3: then you say, hey, money catch up. I need you 147 00:08:02,560 --> 00:08:04,400 Speaker 3: to do this, honey, I need you to give this. 148 00:08:04,840 --> 00:08:07,480 Speaker 3: We need to give savings, we need to give pay 149 00:08:07,520 --> 00:08:10,080 Speaker 3: down this credit card debt, we need to give maximize 150 00:08:10,080 --> 00:08:12,720 Speaker 3: these points. Do you see? Do you see? Do you see? 151 00:08:12,880 --> 00:08:16,160 Speaker 3: We need to give strong credit score. And so that's 152 00:08:16,160 --> 00:08:18,200 Speaker 3: what I do first and foremost in order to stick 153 00:08:18,240 --> 00:08:22,040 Speaker 3: to my quote unquote resolutions, is that I make it 154 00:08:22,120 --> 00:08:24,520 Speaker 3: about a bigger life, not just about the money. And 155 00:08:24,520 --> 00:08:26,720 Speaker 3: then I match the money to the life. I don't 156 00:08:26,720 --> 00:08:29,560 Speaker 3: try to match my life to the money. That's one. 157 00:08:29,920 --> 00:08:33,640 Speaker 3: Then two, one of the things I do is I 158 00:08:33,720 --> 00:08:37,680 Speaker 3: look for help. I look to you. Is that windy 159 00:08:38,000 --> 00:08:44,319 Speaker 3: I look Whitney, right, I look to you when I 160 00:08:44,320 --> 00:08:46,760 Speaker 3: don't even know the song. But it's a cute song. 161 00:08:46,880 --> 00:08:49,679 Speaker 3: I just don't have a great voice anyway, right. So 162 00:08:50,120 --> 00:08:52,440 Speaker 3: one of the things I have learned in my almost 163 00:08:52,480 --> 00:08:54,199 Speaker 3: forty five years of life. Well, I'm gonna say almost 164 00:08:54,200 --> 00:08:56,640 Speaker 3: forty five because my birthday's not in October, so we're 165 00:08:56,640 --> 00:08:58,839 Speaker 3: gonna live this cute forty four. I mean, some of 166 00:08:58,920 --> 00:09:00,960 Speaker 3: y'all be hung up about a not me girl because 167 00:09:01,000 --> 00:09:05,439 Speaker 3: you see the skin botox and feeler free still looking 168 00:09:05,520 --> 00:09:09,240 Speaker 3: like what I'm giving. I feel like I look in 169 00:09:09,320 --> 00:09:11,600 Speaker 3: my forties, which is great, but I feel like I 170 00:09:11,640 --> 00:09:13,920 Speaker 3: look like in acute in my forties. Okay. The body 171 00:09:13,920 --> 00:09:15,400 Speaker 3: is still boding and the face is still faced, and 172 00:09:15,400 --> 00:09:22,000 Speaker 3: the skin is still skinning. Guy. Okay, So so I'm 173 00:09:22,000 --> 00:09:24,560 Speaker 3: always looking for help. So in my years of living, 174 00:09:24,679 --> 00:09:27,520 Speaker 3: I have learned the fastest way to get from where 175 00:09:27,520 --> 00:09:30,559 Speaker 3: you are to where you want to be is typically 176 00:09:30,600 --> 00:09:33,600 Speaker 3: through someone else. Because girl, why we learn a new 177 00:09:33,640 --> 00:09:36,760 Speaker 3: lessons when the lessons have been learned and written about 178 00:09:36,920 --> 00:09:40,880 Speaker 3: and podcast about and blogged about. Okay. So for example, 179 00:09:40,960 --> 00:09:45,000 Speaker 3: I'm like, hey, I've never flown Emirates or Qatar, and 180 00:09:45,040 --> 00:09:47,400 Speaker 3: I've heard they're really beautiful, and I want to fly 181 00:09:48,000 --> 00:09:49,800 Speaker 3: like to when I go to Dubai. I want to 182 00:09:49,960 --> 00:09:53,560 Speaker 3: have that luxury experience business or first class, that luxury experience. 183 00:09:53,720 --> 00:09:56,760 Speaker 3: I mean, I've flowed obviously first class and this is before, 184 00:09:57,160 --> 00:09:59,880 Speaker 3: but those are supposed to be very high upscale airlines. 185 00:10:00,040 --> 00:10:05,160 Speaker 3: So I'm currently like in these AMEX groups learning through people, 186 00:10:05,240 --> 00:10:08,200 Speaker 3: how do I maximize the points that I have in 187 00:10:08,280 --> 00:10:10,280 Speaker 3: order to not have to pay for that? Girl? Because Baye, 188 00:10:11,559 --> 00:10:16,760 Speaker 3: So through someone else you get to maximize the lessons 189 00:10:16,800 --> 00:10:19,120 Speaker 3: that you want to learn. Why should you learn from scratch? 190 00:10:19,120 --> 00:10:22,440 Speaker 3: That's why you're here listening to about ambition. If you 191 00:10:22,679 --> 00:10:25,040 Speaker 3: want to do anything that has anything to do with 192 00:10:25,080 --> 00:10:31,320 Speaker 3: financial holeness, that's budgeting, savings, debt, credit, income, investing for 193 00:10:31,400 --> 00:10:36,199 Speaker 3: both retirement and wealth, your net worth, insurance, your financial 194 00:10:36,240 --> 00:10:39,640 Speaker 3: team and estate planning. Any of those ten things. Child, 195 00:10:39,679 --> 00:10:41,640 Speaker 3: That's why I wrote the book Made Whole. It's the 196 00:10:41,679 --> 00:10:44,680 Speaker 3: workbook version of get good with money, right, and so 197 00:10:44,880 --> 00:10:48,000 Speaker 3: looking for guidance. Do not do it alone. Money is 198 00:10:48,000 --> 00:10:52,000 Speaker 3: a team sport. So finding people, tools and resources to 199 00:10:52,280 --> 00:10:56,240 Speaker 3: help you get to the goal, the financial goal that 200 00:10:56,320 --> 00:10:59,080 Speaker 3: you need to live the life that your January thirty 201 00:10:59,120 --> 00:11:01,040 Speaker 3: first self is, like I I did? 202 00:11:01,080 --> 00:11:01,320 Speaker 1: That? 203 00:11:01,679 --> 00:11:05,800 Speaker 3: Does that make sense? So one identify your January thirty 204 00:11:05,840 --> 00:11:07,520 Speaker 3: first self. What they fin to say about how the 205 00:11:07,600 --> 00:11:11,640 Speaker 3: year went? Cute? Two, get yourself a guide While you 206 00:11:11,640 --> 00:11:14,040 Speaker 3: out here by yourself, it's getto out here, go ahead. 207 00:11:14,080 --> 00:11:15,920 Speaker 3: Get you a partner. When I used to teach free school, 208 00:11:15,920 --> 00:11:18,160 Speaker 3: we would always tell the kids hold your partner's hand. 209 00:11:18,440 --> 00:11:20,640 Speaker 3: Why you would have to hold your partner's hand, because 210 00:11:20,679 --> 00:11:22,760 Speaker 3: if you was missing, one of these kids is gonna 211 00:11:22,760 --> 00:11:24,880 Speaker 3: be like my partner's missing, and I could be like, Jahim, 212 00:11:24,920 --> 00:11:28,080 Speaker 3: where are you sir? Why are you always behind? Right? 213 00:11:28,120 --> 00:11:31,680 Speaker 3: So get yourself a partner. I love an accountability partner. 214 00:11:31,679 --> 00:11:33,880 Speaker 3: So that's like a little friend friend that's going to 215 00:11:34,000 --> 00:11:36,880 Speaker 3: walk you through well, that will walk with you on 216 00:11:36,920 --> 00:11:40,160 Speaker 3: your journey. They don't have to know personal finance, but 217 00:11:40,200 --> 00:11:42,439 Speaker 3: they're there to cheer you on and hold you accountable 218 00:11:42,480 --> 00:11:45,880 Speaker 3: and support you and share their goals too. Right, But 219 00:11:45,920 --> 00:11:48,280 Speaker 3: then you find somebody that's done the thing you're wanting 220 00:11:48,320 --> 00:11:51,240 Speaker 3: to do. Like I don't know everything. I lean into 221 00:11:51,240 --> 00:11:54,959 Speaker 3: my financial advisor Anjulie for certain things. I lean into 222 00:11:55,080 --> 00:11:59,760 Speaker 3: my peers. You hear me talk about Cabrella a lot, 223 00:12:00,040 --> 00:12:02,680 Speaker 3: one of my business peers that I bounce things off of. 224 00:12:02,720 --> 00:12:05,760 Speaker 3: My friend Brandess of HFR, I bounced things off for her. 225 00:12:06,120 --> 00:12:09,640 Speaker 3: I mean into my mentors Lynnette Coyle, Boddy Cox, Sondra 226 00:12:09,720 --> 00:12:16,240 Speaker 3: Davis of what is it? Sage Financial Right, and so like, 227 00:12:16,320 --> 00:12:20,199 Speaker 3: these are my mentors. And so I am quick to 228 00:12:20,280 --> 00:12:22,480 Speaker 3: raise my hand and say I need help. Let's get 229 00:12:22,520 --> 00:12:25,240 Speaker 3: good at that. I need help. I don't know, And 230 00:12:25,280 --> 00:12:29,199 Speaker 3: it's okay finding those people that are doing the thing 231 00:12:29,240 --> 00:12:32,760 Speaker 3: you're wanting to do and then following their lead. Some 232 00:12:32,800 --> 00:12:35,520 Speaker 3: people you'll know personally and some people just follow digitally. 233 00:12:35,600 --> 00:12:38,640 Speaker 3: That's fine, okay, So if you want the book, honey, 234 00:12:38,640 --> 00:12:40,640 Speaker 3: go ahead and made whole workbook can certainly help me 235 00:12:40,720 --> 00:12:43,600 Speaker 3: with the financial part. So that's the second part and 236 00:12:43,679 --> 00:12:48,640 Speaker 3: the third part of keeping these financial resolutions is building 237 00:12:48,640 --> 00:12:51,959 Speaker 3: a community around you. We work best in community. So 238 00:12:52,320 --> 00:12:56,080 Speaker 3: when I said, like looking for guidance, that's typically a 239 00:12:56,200 --> 00:12:59,320 Speaker 3: person or a number of people that have achieved the thing. 240 00:12:59,720 --> 00:13:03,800 Speaker 3: But the community around you are like your family, your friends, 241 00:13:03,840 --> 00:13:06,959 Speaker 3: your work friends, your work husband, whoever, your partner, your children. 242 00:13:07,559 --> 00:13:11,160 Speaker 3: Building this community around you and sharing the things you're 243 00:13:11,200 --> 00:13:14,880 Speaker 3: wanting to do, you know. So for example, I was 244 00:13:14,920 --> 00:13:17,320 Speaker 3: telling my sisters, I want us to go on a 245 00:13:17,360 --> 00:13:22,040 Speaker 3: sister lunch date once a month. So one that's still 246 00:13:22,040 --> 00:13:24,920 Speaker 3: a financial choice. How much does that cost? How do 247 00:13:25,000 --> 00:13:27,280 Speaker 3: we set that side? Maybe we have like a sister 248 00:13:27,360 --> 00:13:29,679 Speaker 3: account where, like you know, the money goes there, so 249 00:13:29,760 --> 00:13:32,240 Speaker 3: that one when we pay, we're just paying with one bill, 250 00:13:32,800 --> 00:13:35,080 Speaker 3: but we've all contributed to say like fifty bucks a month. 251 00:13:35,120 --> 00:13:37,320 Speaker 3: I don't know, child, right, I was just thinking that. 252 00:13:37,400 --> 00:13:41,520 Speaker 3: I was like, okay, I want by December thirty. First 253 00:13:41,559 --> 00:13:44,320 Speaker 3: that Tiffany says, like, oh my gosh, I had Like 254 00:13:44,520 --> 00:13:46,240 Speaker 3: I mean, I hang out my sisters all the time, 255 00:13:46,280 --> 00:13:49,160 Speaker 3: but I intentionally had at least twelve sister lunch dates 256 00:13:49,160 --> 00:13:51,640 Speaker 3: with my sisters this year. My friend Cabrell, who's one 257 00:13:51,679 --> 00:13:55,160 Speaker 3: of my besties. Cabrel is definitely my fancy friend, and 258 00:13:55,320 --> 00:13:58,000 Speaker 3: he has a list of places that he like. Cabrel's 259 00:13:58,040 --> 00:14:00,400 Speaker 3: a foody, so he has this list called Tiffany Eats. 260 00:14:00,679 --> 00:14:03,320 Speaker 3: So we will go and like to this really nice 261 00:14:03,360 --> 00:14:06,160 Speaker 3: restaurant and eat good, honey, because leave it up to me. 262 00:14:06,520 --> 00:14:09,120 Speaker 3: Your girl doesn't have a sophisticated pallet, at least not 263 00:14:09,200 --> 00:14:11,400 Speaker 3: at first. But cabro be like, girl, we're not eating there. 264 00:14:11,440 --> 00:14:15,440 Speaker 3: Get yourself together, like and so we have these amazing 265 00:14:15,440 --> 00:14:17,760 Speaker 3: places that Cabra, I'm like, how did you find this place? 266 00:14:18,000 --> 00:14:19,800 Speaker 3: So I told Cabrell, yo, I want it on the 267 00:14:19,840 --> 00:14:23,360 Speaker 3: calendar once a month, on the calendar, like every third 268 00:14:23,960 --> 00:14:26,040 Speaker 3: Thursday of the month that we go out to dinner 269 00:14:26,360 --> 00:14:28,560 Speaker 3: or we choose a place off the Tiffany Eats list. 270 00:14:28,760 --> 00:14:30,840 Speaker 3: Because you are liabily to get you are liable to 271 00:14:30,880 --> 00:14:32,560 Speaker 3: get in a car with Cabrel and end up in 272 00:14:32,600 --> 00:14:35,320 Speaker 3: Delaware and we live in New Jersey. Hat don't mind driving. 273 00:14:35,640 --> 00:14:37,480 Speaker 3: You're like, wellhe are we gonna eat to them? I 274 00:14:37,600 --> 00:14:41,320 Speaker 3: was taking Rhode Island. You're like, what, But it's always fabulous, 275 00:14:41,320 --> 00:14:43,920 Speaker 3: it's always fun, it's always a time, honey. But that's 276 00:14:43,920 --> 00:14:46,240 Speaker 3: also a financial choice because how much does that cost? 277 00:14:46,840 --> 00:14:48,560 Speaker 3: What does that look like? Because we take it, we 278 00:14:48,640 --> 00:14:51,200 Speaker 3: take turns treating each other. Like I pay for one dinner, 279 00:14:51,240 --> 00:14:53,040 Speaker 3: he picks for the next dinner. So what does that 280 00:14:53,120 --> 00:14:56,640 Speaker 3: look like? You know? And so but creating a community 281 00:14:56,680 --> 00:14:59,480 Speaker 3: around you to share. I want to do this thing. 282 00:15:00,000 --> 00:15:02,360 Speaker 3: I have something called Sunday Supper that I try to do. 283 00:15:02,600 --> 00:15:04,760 Speaker 3: We used to do a monthly, but now I'm trying 284 00:15:04,760 --> 00:15:07,320 Speaker 3: to do at least every other month. These are my family, 285 00:15:07,400 --> 00:15:10,040 Speaker 3: my friends, my neighbors. I invite them to the house. 286 00:15:10,320 --> 00:15:14,880 Speaker 3: I hire this amazing cook, chef Nishe that used to 287 00:15:14,880 --> 00:15:17,040 Speaker 3: cook for Jarella and I when he was here. And 288 00:15:17,200 --> 00:15:20,440 Speaker 3: Nisha will make food for Sunday Supper. And it's just 289 00:15:20,680 --> 00:15:23,880 Speaker 3: literally like a mini Thanksgiving every other month. But that 290 00:15:24,000 --> 00:15:27,320 Speaker 3: cost what does that look like? You know? So these 291 00:15:27,360 --> 00:15:29,720 Speaker 3: are the things like you know, But as I have 292 00:15:29,760 --> 00:15:32,800 Speaker 3: a Sunday Supper, group chat and we'll talk through it. 293 00:15:32,880 --> 00:15:36,320 Speaker 3: Because building community around your hopes, goals and dreams hold 294 00:15:36,360 --> 00:15:39,160 Speaker 3: you more accountable. So those are three things that will 295 00:15:39,240 --> 00:15:43,800 Speaker 3: really help you to make your financial resolution stick. Is 296 00:15:43,800 --> 00:15:45,640 Speaker 3: that you have to make it bigger than the resolution. 297 00:15:46,240 --> 00:15:49,080 Speaker 3: One right, just for recap, because you know I'm a teacher. 298 00:15:49,320 --> 00:15:54,280 Speaker 3: Plan do review one right, identify your December thirty first 299 00:15:54,320 --> 00:15:57,200 Speaker 3: self and what they want holistically, and match the money 300 00:15:57,240 --> 00:16:01,680 Speaker 3: to that. Two, get you some help a guide, whether 301 00:16:01,720 --> 00:16:05,200 Speaker 3: it's made whole, my new book, whether it's this podcast 302 00:16:05,560 --> 00:16:08,400 Speaker 3: someone or is a collection of someone that have accomplished 303 00:16:08,440 --> 00:16:10,440 Speaker 3: the thing you want to accomplish, Let them help you 304 00:16:10,520 --> 00:16:13,520 Speaker 3: through it, whether it's digitally or in person or whatever. 305 00:16:13,800 --> 00:16:16,760 Speaker 3: And then three builds community around that life you want 306 00:16:16,800 --> 00:16:18,880 Speaker 3: to live, that goal you want and so they can 307 00:16:18,880 --> 00:16:21,520 Speaker 3: hold you accountable and you can keep them updated on 308 00:16:21,560 --> 00:16:26,880 Speaker 3: your progress. Okay, well, hopefully that's a helpful, child, because 309 00:16:26,920 --> 00:16:28,840 Speaker 3: when we check in December thirty first, honey, I want 310 00:16:28,840 --> 00:16:30,720 Speaker 3: to be like I went here, I did this, I 311 00:16:30,760 --> 00:16:32,920 Speaker 3: did Oh child, it's going to be a time. I 312 00:16:32,920 --> 00:16:36,600 Speaker 3: can already tell. My sister Tracy has already coined it. 313 00:16:36,680 --> 00:16:38,480 Speaker 3: She said, twenty twenty four is going to be a 314 00:16:38,720 --> 00:16:43,080 Speaker 3: banner year. A banner year meaning an excellent year. My 315 00:16:43,120 --> 00:16:45,440 Speaker 3: business is already cooking with grease. The budget is stas 316 00:16:45,480 --> 00:16:49,320 Speaker 3: making coin already. We started the month of January off strong. 317 00:16:49,920 --> 00:16:54,840 Speaker 3: My personal life is looking cute, kai like my family, 318 00:16:54,880 --> 00:17:01,000 Speaker 3: my friends super connected, and yeah for the possibility of 319 00:17:01,040 --> 00:17:03,200 Speaker 3: love again, don't ask me questions. I just said it 320 00:17:04,280 --> 00:17:08,240 Speaker 3: because he'd be listening, hey anyway. And yeah, I just 321 00:17:08,240 --> 00:17:10,240 Speaker 3: think twenty twenty four is going to be a banner year, 322 00:17:10,280 --> 00:17:12,919 Speaker 3: and it can be for you too. But it's intentional. 323 00:17:13,359 --> 00:17:16,800 Speaker 3: These things happen intentionally, especially when you're grown. All right. 324 00:17:19,880 --> 00:17:23,359 Speaker 3: So this is from Nelly from ig Hi Mandy, hope 325 00:17:23,359 --> 00:17:26,480 Speaker 3: you well girl. I'm here too, But that's okay because. 326 00:17:26,240 --> 00:17:28,639 Speaker 1: We don't stop. Everyone's always like, hey, tell me and 327 00:17:28,680 --> 00:17:29,080 Speaker 1: that girl. 328 00:17:30,880 --> 00:17:33,159 Speaker 3: I wouldn't because you know best that this is a 329 00:17:33,160 --> 00:17:37,760 Speaker 3: Mandy question. But either way, hey girl, I'm just saying, Hi, yeah, question. 330 00:17:38,160 --> 00:17:41,080 Speaker 3: I'm looking to interview very soon for a new opportunity 331 00:17:41,119 --> 00:17:44,680 Speaker 3: at my current company, different department. It would be a promotion, 332 00:17:44,880 --> 00:17:47,919 Speaker 3: and I have most of the required skills, plus finish 333 00:17:47,960 --> 00:17:50,760 Speaker 3: my master's in twenty twenty one. Go ahead, girl, How 334 00:17:50,800 --> 00:17:53,520 Speaker 3: can I go about getting the absolute max amount of 335 00:17:53,520 --> 00:17:57,840 Speaker 3: money since they that have access to my salary history. FYI, 336 00:17:57,920 --> 00:18:00,080 Speaker 3: the range is up to one hundred and fifty six 337 00:18:00,800 --> 00:18:04,800 Speaker 3: and I'm at one twenty three currently. They require a 338 00:18:04,960 --> 00:18:08,520 Speaker 3: salary expectation entry. When I applied, I said one fifty 339 00:18:08,720 --> 00:18:11,679 Speaker 3: just in case they negotiated me. Damn, let me know 340 00:18:11,840 --> 00:18:15,600 Speaker 3: if you have any tips. Loving everything you're doing, Thanks, Nelly, 341 00:18:16,520 --> 00:18:17,320 Speaker 3: this is a good question. 342 00:18:18,160 --> 00:18:19,120 Speaker 2: What do I want to start saying? 343 00:18:19,240 --> 00:18:19,680 Speaker 1: Hot and hair? 344 00:18:19,720 --> 00:18:24,440 Speaker 3: I don't know why. Oh no, let's do it again 345 00:18:24,520 --> 00:18:28,240 Speaker 3: hot in here, So make sure you get all your coint. 346 00:18:29,160 --> 00:18:36,440 Speaker 1: Okay right anyway, listen, Nellie. First of all, congratulations, because 347 00:18:36,440 --> 00:18:38,880 Speaker 1: I feel like this is a really exciting opportunity and 348 00:18:39,040 --> 00:18:41,199 Speaker 1: to work at a company where you can apply to 349 00:18:41,240 --> 00:18:44,879 Speaker 1: another department, it's awesome. And I feel like when people 350 00:18:44,920 --> 00:18:47,919 Speaker 1: think about quitting a role for a new opportunity, you 351 00:18:47,960 --> 00:18:50,040 Speaker 1: sometimes think like you have to go outside the company. 352 00:18:50,640 --> 00:18:52,679 Speaker 1: But I'm a huge fan of pivoting in place, like 353 00:18:52,680 --> 00:18:54,639 Speaker 1: that's what I call it. When you find a growth 354 00:18:54,640 --> 00:18:59,000 Speaker 1: opportunity right where you are, and your mindset is really 355 00:18:59,000 --> 00:19:01,520 Speaker 1: important here and this is the thing where you know 356 00:19:01,600 --> 00:19:03,320 Speaker 1: what you make and you're kind of letting that kind 357 00:19:03,320 --> 00:19:05,600 Speaker 1: of get to you a little bit. I would treat 358 00:19:05,640 --> 00:19:08,960 Speaker 1: this new department like another company. So anything that you 359 00:19:09,000 --> 00:19:11,600 Speaker 1: would do if you were interviewing for an outside company, 360 00:19:11,680 --> 00:19:14,760 Speaker 1: I would do, you know, I would go in there 361 00:19:14,800 --> 00:19:19,040 Speaker 1: strong and establish, you know, your credentials and how excited 362 00:19:19,080 --> 00:19:22,719 Speaker 1: you are for the opportunity. You've already mentioned a salary 363 00:19:22,720 --> 00:19:24,359 Speaker 1: at least it was a sort of the top of 364 00:19:24,400 --> 00:19:27,000 Speaker 1: the range. You mentioned one fifty. I typically would have said, 365 00:19:27,040 --> 00:19:31,639 Speaker 1: you know, put you know competitive, or put zero or 366 00:19:31,640 --> 00:19:33,520 Speaker 1: put one dollar, whatever it is in the field, so 367 00:19:33,560 --> 00:19:36,159 Speaker 1: that you don't have to necessarily name a number. But 368 00:19:36,320 --> 00:19:40,000 Speaker 1: I think that you should go in there definitely expecting 369 00:19:40,080 --> 00:19:43,400 Speaker 1: to get paid what the value of the job is, 370 00:19:43,520 --> 00:19:46,919 Speaker 1: especially if it is a promotion. You have most of 371 00:19:46,920 --> 00:19:49,280 Speaker 1: the skills, like you said, and you now have a 372 00:19:49,359 --> 00:19:53,159 Speaker 1: master's degree. So if you were thinking about the salary 373 00:19:53,200 --> 00:19:55,480 Speaker 1: that you have now holding you back, this is a 374 00:19:55,520 --> 00:19:58,840 Speaker 1: whole different job. You know, it's a step up, probably 375 00:19:58,840 --> 00:20:02,800 Speaker 1: more responsibility. What may help you feel more confident going 376 00:20:02,800 --> 00:20:06,200 Speaker 1: in and asking for your value is to find comparable 377 00:20:06,320 --> 00:20:09,199 Speaker 1: roles at comparable companies. Those are the two comps. You 378 00:20:09,200 --> 00:20:13,119 Speaker 1: want to have similar company and a similar role and 379 00:20:13,400 --> 00:20:16,440 Speaker 1: see what types of salaries they're offering as well, and 380 00:20:16,480 --> 00:20:19,720 Speaker 1: then again think of them as an outside employer who 381 00:20:19,760 --> 00:20:23,560 Speaker 1: doesn't necessarily know your current salary, and negotiate from that space. 382 00:20:23,920 --> 00:20:26,640 Speaker 1: It's not about what you're earning now, it's about the 383 00:20:26,680 --> 00:20:31,280 Speaker 1: market value. Excuse me. It's about the market value of 384 00:20:31,840 --> 00:20:34,760 Speaker 1: a candidate for this specific role that you're applying for. 385 00:20:35,480 --> 00:20:37,719 Speaker 1: So don't go in there thinking one twenty three vibes. 386 00:20:37,800 --> 00:20:42,080 Speaker 1: Think one fifty six. Okay, think hi. And you also 387 00:20:42,200 --> 00:20:44,720 Speaker 1: know that you're not probably just making one twenty three. 388 00:20:44,760 --> 00:20:46,960 Speaker 1: You also have to factor in your annual bonus on 389 00:20:47,000 --> 00:20:50,320 Speaker 1: top of that, you know, so don't forget that you 390 00:20:50,320 --> 00:20:53,000 Speaker 1: can still negotiate those types of things like your annual 391 00:20:53,040 --> 00:20:56,280 Speaker 1: bonus amount. If they offer you equity at your company, 392 00:20:56,320 --> 00:21:00,800 Speaker 1: you should still feel confident negotiating equity when you get 393 00:21:00,840 --> 00:21:03,320 Speaker 1: to that point, like you've just applied now and you 394 00:21:03,320 --> 00:21:06,240 Speaker 1: put in your salary expectation, which is cool. Now, the 395 00:21:06,320 --> 00:21:08,880 Speaker 1: key is everything that's going to happen before the negotiation, 396 00:21:09,000 --> 00:21:11,159 Speaker 1: which is you really want to make them excited to 397 00:21:11,240 --> 00:21:14,840 Speaker 1: hire you. You already know the company, but what other 398 00:21:14,880 --> 00:21:17,480 Speaker 1: strengths do you bring to the table, Like how well, 399 00:21:17,520 --> 00:21:20,919 Speaker 1: do you understand the challenges the pain points of the 400 00:21:20,920 --> 00:21:23,119 Speaker 1: team that you're joining. Do you have any connections on 401 00:21:23,160 --> 00:21:25,639 Speaker 1: that team already that you can build on those relationships. 402 00:21:26,200 --> 00:21:28,520 Speaker 1: You want them to think of you as a no brainer, 403 00:21:28,840 --> 00:21:30,439 Speaker 1: you know, so that by the time you get to 404 00:21:30,440 --> 00:21:34,240 Speaker 1: the negotiation or the offer stage, they want you so 405 00:21:34,400 --> 00:21:37,440 Speaker 1: bad that when you come back to them and like, hey, 406 00:21:37,480 --> 00:21:40,080 Speaker 1: one forty is cute, but what about one fifty six, 407 00:21:41,560 --> 00:21:44,239 Speaker 1: that they're like, Okay, we really want Nelly, you know, 408 00:21:44,320 --> 00:21:48,640 Speaker 1: so let's make this happen. That's essential for you at 409 00:21:48,640 --> 00:21:51,480 Speaker 1: this point. But before you get there, you got to 410 00:21:51,480 --> 00:21:55,680 Speaker 1: get your mindset right around. This is a whole different employer, 411 00:21:56,000 --> 00:21:58,640 Speaker 1: even though it's with the same company, whole different team. 412 00:21:59,320 --> 00:22:01,200 Speaker 1: You're not in the same role that you have now, 413 00:22:01,240 --> 00:22:03,000 Speaker 1: You're not making one twenty three in this new role, 414 00:22:03,040 --> 00:22:05,040 Speaker 1: it's a whole different ballgame. So start to think that 415 00:22:05,080 --> 00:22:06,840 Speaker 1: way and don't get in your own way. 416 00:22:07,880 --> 00:22:09,600 Speaker 3: I like that, And I'm just like as someone who 417 00:22:09,680 --> 00:22:15,479 Speaker 3: employees and oftentimes typically will promote promote from within, you know, 418 00:22:15,640 --> 00:22:19,320 Speaker 3: I like most employees employers are going to want to 419 00:22:19,359 --> 00:22:21,919 Speaker 3: look within if someone is good, because it's like, you 420 00:22:21,920 --> 00:22:23,919 Speaker 3: don't have to learn the company culture. I don't have 421 00:22:23,960 --> 00:22:25,879 Speaker 3: to like kind of talk talk to you about like 422 00:22:25,880 --> 00:22:28,560 Speaker 3: and teach you about what we do here. So know that, 423 00:22:28,760 --> 00:22:32,119 Speaker 3: like that's a benefit, you know, to be able, you know, 424 00:22:32,320 --> 00:22:35,680 Speaker 3: to looking to work internally. But also sometimes the problem 425 00:22:35,760 --> 00:22:38,760 Speaker 3: is is like the prodigal son, right, the person who 426 00:22:38,840 --> 00:22:41,000 Speaker 3: leaves and comes that gets like better treatment than the 427 00:22:41,000 --> 00:22:43,520 Speaker 3: person who stayed. So don't be afraid either to like 428 00:22:43,560 --> 00:22:46,400 Speaker 3: be like they seeming like they you know, they treat 429 00:22:46,440 --> 00:22:48,480 Speaker 3: me like old news. Maybe I need to be made 430 00:22:48,560 --> 00:22:51,159 Speaker 3: kneel again, you know, so if you're needing, if you 431 00:22:51,200 --> 00:22:53,480 Speaker 3: wanted to make more, consider that too. But I just 432 00:22:53,520 --> 00:22:55,040 Speaker 3: say this that I have people on my team that 433 00:22:55,080 --> 00:22:58,440 Speaker 3: are just so excellent, Like are you bringing obvious excellence 434 00:22:58,480 --> 00:23:00,720 Speaker 3: to the table, not just your your doing well, but 435 00:23:00,800 --> 00:23:03,719 Speaker 3: you're visibly doing well. You know, there are people who 436 00:23:03,960 --> 00:23:06,840 Speaker 3: like even now, there's a woman on one of my 437 00:23:06,920 --> 00:23:08,760 Speaker 3: teams that I want to bring on over to the Bunjanista. 438 00:23:08,840 --> 00:23:11,119 Speaker 3: She's on the Literature Academy team. Shout out to you 439 00:23:11,119 --> 00:23:14,720 Speaker 3: a key, Shagar, we come and get you. She's amazing, Like, 440 00:23:14,920 --> 00:23:18,159 Speaker 3: you know, it just started with you know, us contracting 441 00:23:18,160 --> 00:23:19,560 Speaker 3: her to do a few things here and there, and 442 00:23:19,600 --> 00:23:22,760 Speaker 3: I was just blown away about what she delivered. Logan 443 00:23:22,920 --> 00:23:24,520 Speaker 3: was like, what we got to do to get her? 444 00:23:25,200 --> 00:23:29,680 Speaker 3: You know? And she do project management, but she's just excellent. 445 00:23:29,880 --> 00:23:31,879 Speaker 3: She's one of those people that, like, you know it 446 00:23:32,040 --> 00:23:34,000 Speaker 3: just is going to see the thing all the way through. 447 00:23:34,119 --> 00:23:37,080 Speaker 3: A Keisha works really hard but also smart and strategically. 448 00:23:37,080 --> 00:23:40,199 Speaker 3: She's like a great team player, easy to get along with. 449 00:23:40,480 --> 00:23:43,919 Speaker 3: She project managed project So her first project management thing 450 00:23:43,960 --> 00:23:46,000 Speaker 3: that I had her do was she helped me with 451 00:23:46,040 --> 00:23:48,639 Speaker 3: the with Get Go with Money launch. That was a 452 00:23:48,720 --> 00:23:51,280 Speaker 3: huge project to try and trust to someone and it 453 00:23:51,400 --> 00:23:53,399 Speaker 3: was like fifteen of us working on Get Go with 454 00:23:53,440 --> 00:23:55,359 Speaker 3: Money and it was getting to be overwhelming for me 455 00:23:55,400 --> 00:23:58,200 Speaker 3: to manage everyone. So I said, I heard through the 456 00:23:58,200 --> 00:24:00,639 Speaker 3: grape vine because we used to have our league chats 457 00:24:00,640 --> 00:24:04,000 Speaker 3: when I was the CEO of the Academy. I heard 458 00:24:04,040 --> 00:24:06,560 Speaker 3: through the grapevine that a Kesha was interested in project 459 00:24:06,560 --> 00:24:09,080 Speaker 3: management and just wanted to test it down. I said, well, 460 00:24:09,040 --> 00:24:11,280 Speaker 3: I have a huge test for you. Try get good 461 00:24:11,400 --> 00:24:13,360 Speaker 3: Money on the budgetista signe. And she was like, are 462 00:24:13,400 --> 00:24:16,840 Speaker 3: you sure? I said, one all eleven people on the 463 00:24:16,880 --> 00:24:19,600 Speaker 3: Gate Goes Money team are hard workers. So the project 464 00:24:19,600 --> 00:24:22,320 Speaker 3: management component is not. You don't have to manage and 465 00:24:22,359 --> 00:24:25,320 Speaker 3: motivate them. These are great people. I cherry picked everyone 466 00:24:25,359 --> 00:24:27,199 Speaker 3: on the team, so that was one. You just have 467 00:24:27,280 --> 00:24:30,760 Speaker 3: to keep us all organized. And she was excellent, and 468 00:24:30,800 --> 00:24:34,000 Speaker 3: I was like, hold on, I want to keyscha for myself. 469 00:24:34,040 --> 00:24:36,480 Speaker 3: So me and Tam had to tussle, like oh a 470 00:24:36,640 --> 00:24:41,040 Speaker 3: good tussle. I won, and so yeah, so I'll be 471 00:24:41,040 --> 00:24:42,359 Speaker 3: making her I mean, I don't even know if I 472 00:24:42,400 --> 00:24:44,000 Speaker 3: kesa listen, but yeah, girl, I'll be making your offer 473 00:24:44,000 --> 00:24:46,119 Speaker 3: soon because we talked about it already. But I'm just 474 00:24:46,160 --> 00:24:49,080 Speaker 3: saying all that to say, when you are excellent, a 475 00:24:49,200 --> 00:24:51,240 Speaker 3: space is always made for you at the table. So 476 00:24:51,359 --> 00:24:53,399 Speaker 3: I'm sure you're bringing excellence to the table in an 477 00:24:53,400 --> 00:24:56,639 Speaker 3: obvious way because it'll make people say we cannot lose 478 00:24:57,240 --> 00:25:00,200 Speaker 3: you know, Nelly so good. 479 00:25:00,920 --> 00:25:03,480 Speaker 1: That's such a perfect point to make. Yeah. I talked 480 00:25:03,480 --> 00:25:05,879 Speaker 1: to a coaching client this morning, all the way in Australia, 481 00:25:05,920 --> 00:25:09,400 Speaker 1: shout out to Nicole. It was ten thirty her time, 482 00:25:09,480 --> 00:25:12,720 Speaker 1: ten thirty a m My time, and she's going through 483 00:25:12,720 --> 00:25:15,119 Speaker 1: a similar thing. She's applying for a senior role at 484 00:25:15,160 --> 00:25:21,240 Speaker 1: her company, and I had to remind her how incredibly 485 00:25:21,280 --> 00:25:24,439 Speaker 1: beneficial it is that people already know her, like she 486 00:25:24,560 --> 00:25:28,439 Speaker 1: has brand recognition exactly where she is, and she I 487 00:25:28,480 --> 00:25:32,000 Speaker 1: feel like sometimes we take ourselves for granted at work 488 00:25:32,280 --> 00:25:35,000 Speaker 1: and we forget like we don't or no one tells us. 489 00:25:35,040 --> 00:25:37,359 Speaker 1: But there's so much value in having a great reputation 490 00:25:38,080 --> 00:25:42,880 Speaker 1: colleagues wanting to work with you, that you can teach skills, 491 00:25:42,920 --> 00:25:44,399 Speaker 1: you can teach how to do this, how to do 492 00:25:44,440 --> 00:25:47,200 Speaker 1: that to a certain extent. Right, So if you're meeting 493 00:25:47,280 --> 00:25:49,480 Speaker 1: most of the qualifications on all of them and people 494 00:25:49,560 --> 00:25:53,040 Speaker 1: know and love you and will vouch for you, and 495 00:25:53,320 --> 00:25:56,239 Speaker 1: you know endorse you, that is so key, and that 496 00:25:56,280 --> 00:26:00,720 Speaker 1: gives you such a huge advantage over external candidates. So yeah, 497 00:26:00,720 --> 00:26:03,320 Speaker 1: it's just about building your own confidence, Nelly, in that 498 00:26:04,080 --> 00:26:06,240 Speaker 1: you have a lot going for you already understanding the 499 00:26:06,240 --> 00:26:08,680 Speaker 1: inner workings of this company. And even though I want 500 00:26:08,680 --> 00:26:11,040 Speaker 1: to know like twelve thousand more things about the situation, 501 00:26:11,840 --> 00:26:15,000 Speaker 1: I just want you to go in again feeling strong. 502 00:26:15,040 --> 00:26:19,320 Speaker 1: And to Tiffany's point about sometimes if you are missing 503 00:26:19,320 --> 00:26:22,360 Speaker 1: out on opportunities and you're not being valued where you are, 504 00:26:22,400 --> 00:26:26,920 Speaker 1: because that unfortunately is often the case, use this as 505 00:26:26,960 --> 00:26:30,000 Speaker 1: a litmus test to see Okay, do I have growth 506 00:26:30,000 --> 00:26:32,639 Speaker 1: potential at this company? And if this promotion does not 507 00:26:32,680 --> 00:26:34,320 Speaker 1: work out or you don't get the support that you 508 00:26:34,320 --> 00:26:36,879 Speaker 1: feel like you need, well at least you explore that option. 509 00:26:36,920 --> 00:26:39,399 Speaker 1: And you should feel nose bounce of guilt for looking 510 00:26:39,440 --> 00:26:43,200 Speaker 1: outside of the company, you know, for new opportunities. Sometimes 511 00:26:43,240 --> 00:26:45,800 Speaker 1: they got to really fear losing you to really respect 512 00:26:45,880 --> 00:26:49,000 Speaker 1: and value you, which is unfortunate. But it's up to 513 00:26:49,080 --> 00:26:52,040 Speaker 1: you to you know, assert your value in that way. 514 00:26:52,119 --> 00:26:53,720 Speaker 1: So I hope this works out for you. But I'm 515 00:26:53,760 --> 00:26:56,960 Speaker 1: just saying, even if it don't, there's other paths ahead 516 00:26:56,960 --> 00:26:58,880 Speaker 1: of you as well, and they don't have to be 517 00:26:59,200 --> 00:27:01,880 Speaker 1: you know, feeling stuff. We're stagnant where you currently. 518 00:27:01,600 --> 00:27:10,280 Speaker 3: Are, and we're back and blacker than ever. This is 519 00:27:10,320 --> 00:27:14,399 Speaker 3: from as Merelda. Okay, remember Hunchback of Notre Dame but 520 00:27:14,480 --> 00:27:17,399 Speaker 3: Disney movie. It was not that great anyway, but as 521 00:27:17,480 --> 00:27:19,639 Speaker 3: Morelda was the part that Demi Moore played. 522 00:27:20,400 --> 00:27:22,760 Speaker 1: What I just sorry I was. I thought I was 523 00:27:22,800 --> 00:27:23,359 Speaker 1: gonna sneeze. 524 00:27:23,400 --> 00:27:24,240 Speaker 2: What are you talking about? 525 00:27:24,480 --> 00:27:27,080 Speaker 3: No, I said, remember the Hunchback of Notre Dame. It 526 00:27:27,119 --> 00:27:28,720 Speaker 3: was a Disney I mean, it's a real thing, but 527 00:27:28,760 --> 00:27:31,359 Speaker 3: also it was a Disney movie. They had turned it 528 00:27:31,359 --> 00:27:34,760 Speaker 3: into a Disney movie. And so anyway, as Morelda was 529 00:27:34,800 --> 00:27:38,240 Speaker 3: like the character that Demi Moore played. She was like 530 00:27:38,280 --> 00:27:41,800 Speaker 3: a gypsy. Anyway, I don't know. I'm just saying this. 531 00:27:42,000 --> 00:27:48,720 Speaker 3: This lady's name is as Moreldo. As Morelda hit us 532 00:27:48,800 --> 00:27:51,720 Speaker 3: up on She said, hello, I've got a question for 533 00:27:51,760 --> 00:27:54,040 Speaker 3: b a QA. Please keep me anonymous or called me 534 00:27:54,119 --> 00:27:56,119 Speaker 3: as Merelda, and I'm saying we call you as moreth. 535 00:27:56,160 --> 00:27:59,040 Speaker 3: The girl as Morella said, I worked for a bank 536 00:27:59,119 --> 00:28:02,440 Speaker 3: and recently received a reduction in force noticed due to 537 00:28:02,480 --> 00:28:05,320 Speaker 3: my location. I was given sixty days to find another 538 00:28:05,440 --> 00:28:09,240 Speaker 3: internal role as the bank is focusing on other cities 539 00:28:09,359 --> 00:28:13,440 Speaker 3: for their hubs. I was never asked to move. They 540 00:28:13,440 --> 00:28:16,879 Speaker 3: have asked me to sign a release, a release of 541 00:28:16,960 --> 00:28:19,479 Speaker 3: claims to get a severance package. What does that mean? 542 00:28:19,480 --> 00:28:21,280 Speaker 3: A release of claims. 543 00:28:21,200 --> 00:28:25,720 Speaker 1: Basically like we it's where you agree that you won't 544 00:28:25,960 --> 00:28:29,000 Speaker 1: try to claim that they owe you more money or 545 00:28:29,040 --> 00:28:33,280 Speaker 1: that you know it would use wrongful termination. Like basically 546 00:28:33,320 --> 00:28:35,680 Speaker 1: what you can't you take away your power to sue 547 00:28:35,760 --> 00:28:39,479 Speaker 1: them or you know further any negotiations, and that in 548 00:28:39,520 --> 00:28:42,160 Speaker 1: exchange for that you will get some severance. 549 00:28:41,960 --> 00:28:45,560 Speaker 3: Okay, she said, I have several questions. Can you explain 550 00:28:45,600 --> 00:28:48,800 Speaker 3: what a release of claims for health anyway? What relas 551 00:28:48,880 --> 00:28:51,240 Speaker 3: of claims for a severence package means at a high 552 00:28:51,320 --> 00:28:55,920 Speaker 3: level done Before getting the reduction in force, I was 553 00:28:55,960 --> 00:28:59,479 Speaker 3: planning on taking a short term disability leave, but delayed it. 554 00:28:59,480 --> 00:29:02,920 Speaker 3: It now not doing so sooner. However, I did end 555 00:29:03,000 --> 00:29:05,840 Speaker 3: up submitting a claim and it got approved just before 556 00:29:05,880 --> 00:29:08,440 Speaker 3: my termination date, so at least I don't have to 557 00:29:08,480 --> 00:29:11,360 Speaker 3: work during this period and still get one hundred percent salary. 558 00:29:11,720 --> 00:29:14,320 Speaker 3: I applied for an internal role before getting the release 559 00:29:14,440 --> 00:29:18,560 Speaker 3: of the reduction in force and had an interview that 560 00:29:18,640 --> 00:29:21,760 Speaker 3: went really well. If I get an offer, I can 561 00:29:21,800 --> 00:29:24,640 Speaker 3: stay with the company. My question is how can I 562 00:29:24,680 --> 00:29:27,800 Speaker 3: try to negotiate for a higher salary given my situation. 563 00:29:28,400 --> 00:29:30,480 Speaker 3: I realized I don't have much leverage, but I am 564 00:29:30,560 --> 00:29:33,680 Speaker 3: considering leaving the company because I have enough savings to 565 00:29:33,680 --> 00:29:36,080 Speaker 3: cover me for months and I need to focus on 566 00:29:36,120 --> 00:29:39,160 Speaker 3: my health. This is a lot to process. Any thoughts 567 00:29:39,200 --> 00:29:42,760 Speaker 3: and advice are greatly appreciated. You two are the best. 568 00:29:43,440 --> 00:29:48,000 Speaker 1: Who has MADA. Yeah, this is well, there's a lot 569 00:29:48,040 --> 00:29:48,720 Speaker 1: going on here. 570 00:29:48,920 --> 00:29:49,120 Speaker 3: One. 571 00:29:49,400 --> 00:29:52,640 Speaker 1: I'm glad that you were able to take advantage of 572 00:29:52,680 --> 00:29:56,520 Speaker 1: your disability leave, even if it's not probably as much 573 00:29:56,560 --> 00:29:59,960 Speaker 1: time as you wanted. Like you said, you have sixty days, 574 00:30:00,000 --> 00:30:01,600 Speaker 1: so some chunk of that you're going to be able 575 00:30:01,640 --> 00:30:03,640 Speaker 1: to take your leave, and then I hope you can 576 00:30:03,640 --> 00:30:06,320 Speaker 1: focus on your mental health. I'm excited to hear that. 577 00:30:06,720 --> 00:30:08,680 Speaker 1: I'm happy and relieved to hear that you do have 578 00:30:08,760 --> 00:30:12,400 Speaker 1: some savings to cover you for several months in the 579 00:30:12,440 --> 00:30:14,160 Speaker 1: event that you just want to focus on your health, 580 00:30:14,200 --> 00:30:16,320 Speaker 1: which it sounds like you might, you know, need to, 581 00:30:16,480 --> 00:30:19,040 Speaker 1: and that perhaps this is like a bit of a 582 00:30:19,080 --> 00:30:22,760 Speaker 1: blessing in disguise that this has happened. But that being said, 583 00:30:22,800 --> 00:30:24,640 Speaker 1: like if we take a part, if take away the 584 00:30:25,160 --> 00:30:30,040 Speaker 1: need for like disability leave from mental health leave, just 585 00:30:30,080 --> 00:30:33,760 Speaker 1: in general, like the whole like we're going to fire 586 00:30:33,800 --> 00:30:37,080 Speaker 1: you in sixty days, so like here you go, do 587 00:30:37,160 --> 00:30:39,200 Speaker 1: your best work for us still because we can like 588 00:30:39,280 --> 00:30:41,240 Speaker 1: still fire you. And by the way, like sign this 589 00:30:41,320 --> 00:30:42,600 Speaker 1: release for him, Like. 590 00:30:42,560 --> 00:30:44,040 Speaker 2: I just it's annoying. 591 00:30:44,120 --> 00:30:46,000 Speaker 1: I mean, in some ways it's nice to get a 592 00:30:46,000 --> 00:30:49,800 Speaker 1: heads up, right. A common complaint for people who are 593 00:30:49,880 --> 00:30:52,479 Speaker 1: let go is that it's like, Okay, tomorrow's your last day. 594 00:30:52,520 --> 00:30:54,719 Speaker 1: Today's your last day. You got to go, and if 595 00:30:54,760 --> 00:30:56,600 Speaker 1: you don't have any severance payment on top of that, 596 00:30:56,680 --> 00:31:00,120 Speaker 1: it's like a huge slap in the face. So I 597 00:31:00,120 --> 00:31:03,240 Speaker 1: would look really closely at your severance package. As a 598 00:31:03,360 --> 00:31:09,200 Speaker 1: career coach, I love reading severance agreements. There's a lot 599 00:31:09,240 --> 00:31:12,920 Speaker 1: to pick apart in a severance package. You want to 600 00:31:12,920 --> 00:31:18,320 Speaker 1: look for things like non compete, Like you know, typically 601 00:31:18,840 --> 00:31:21,880 Speaker 1: they'll have some language in there about whether or not 602 00:31:22,280 --> 00:31:24,120 Speaker 1: they will have an issue if you move on to 603 00:31:24,160 --> 00:31:27,960 Speaker 1: work for a competitor. It typically more applies to like 604 00:31:28,000 --> 00:31:31,600 Speaker 1: senior positions, but not saying it doesn't exist. So I 605 00:31:31,600 --> 00:31:33,520 Speaker 1: would look out for that. I would look out for 606 00:31:33,600 --> 00:31:36,400 Speaker 1: what happens with your benefits, like you'll want to figure 607 00:31:36,400 --> 00:31:40,240 Speaker 1: out your Cobra benefits and in your case, like even 608 00:31:40,240 --> 00:31:42,520 Speaker 1: if you decide to take some time off in between roles, 609 00:31:42,560 --> 00:31:46,239 Speaker 1: like having that healthcare coverage will be necessary for you, 610 00:31:46,320 --> 00:31:49,400 Speaker 1: it sounds like, so you want to figure out when 611 00:31:49,440 --> 00:31:52,280 Speaker 1: that all goes into effect and how much it's going 612 00:31:52,360 --> 00:31:55,240 Speaker 1: to cost you to continue your benefits moving forward through Cobra. 613 00:31:56,480 --> 00:31:59,960 Speaker 1: Any like if you have any equity in the company, 614 00:32:00,120 --> 00:32:03,160 Speaker 1: any unvested stock, like what happens to that are you 615 00:32:03,240 --> 00:32:07,040 Speaker 1: forfeiting it? Can you exercise any stock options or sell 616 00:32:07,080 --> 00:32:10,680 Speaker 1: any RSUs before? What will happen to that those benefits 617 00:32:10,720 --> 00:32:13,160 Speaker 1: if you do not, what will happen to your four 618 00:32:13,200 --> 00:32:18,480 Speaker 1: to one K contributions? Any company matching? That'll all that 619 00:32:18,520 --> 00:32:22,880 Speaker 1: should all be covered in your severance agreement. Let me 620 00:32:22,960 --> 00:32:26,840 Speaker 1: see you can negotiate your severance like if if yeah, 621 00:32:26,840 --> 00:32:30,280 Speaker 1: I mean for sure, Like there's always a case we made, Like, 622 00:32:30,360 --> 00:32:34,800 Speaker 1: especially if their severance package doesn't fall in line with 623 00:32:34,880 --> 00:32:37,360 Speaker 1: like industry standards, you can do. If it's a pretty 624 00:32:37,360 --> 00:32:40,640 Speaker 1: big bank, then it's very likely that there are news 625 00:32:40,680 --> 00:32:45,880 Speaker 1: reports of severance packages at similarly sized financial institutions. And 626 00:32:45,960 --> 00:32:48,680 Speaker 1: I have helped even my brother, you know, make a 627 00:32:48,720 --> 00:32:51,480 Speaker 1: case for more severance. And in his case, I was like, 628 00:32:51,560 --> 00:32:56,240 Speaker 1: be sure to compare comparable sized companies in the industry 629 00:32:56,680 --> 00:32:57,960 Speaker 1: and what their severance was. 630 00:32:58,240 --> 00:32:59,040 Speaker 3: How do you find it? 631 00:33:00,120 --> 00:33:03,120 Speaker 1: So news reports are really helpful. Also, sometimes if it's 632 00:33:03,120 --> 00:33:04,800 Speaker 1: a public company, they have to put that kind of 633 00:33:04,800 --> 00:33:09,360 Speaker 1: information into their quarterly earnings reports. Okay, so you may 634 00:33:09,440 --> 00:33:13,360 Speaker 1: find yeah, but typically it's a lot easier to do 635 00:33:13,520 --> 00:33:15,360 Speaker 1: if you work for a company that is like being 636 00:33:15,400 --> 00:33:19,800 Speaker 1: reported on by you know, Business Insider by Bloomberg, by Reiters, 637 00:33:19,800 --> 00:33:24,120 Speaker 1: whatever these news sites are. But if in the event 638 00:33:24,120 --> 00:33:25,960 Speaker 1: that you're not, like my brother worked for a smaller 639 00:33:26,000 --> 00:33:29,320 Speaker 1: sort of startup. It was less than fifty employees, and 640 00:33:30,080 --> 00:33:35,160 Speaker 1: he collected information from like peers. So he had friends 641 00:33:35,200 --> 00:33:37,360 Speaker 1: working at other companies like that he'd met through his 642 00:33:37,400 --> 00:33:41,240 Speaker 1: work that he could check in with and ask because 643 00:33:41,240 --> 00:33:44,120 Speaker 1: at the time, this was like the great tech layoffs 644 00:33:44,120 --> 00:33:48,000 Speaker 1: of twenty twenty three or yeah, twenty twenty three that 645 00:33:48,040 --> 00:33:50,960 Speaker 1: he was impacted by. So there, unfortunately were other layoffs 646 00:33:51,000 --> 00:33:54,280 Speaker 1: that he could compare himself to. Well else can I say, oh, 647 00:33:54,320 --> 00:33:56,560 Speaker 1: so the internal role? Okay, so how can you negotiate 648 00:33:56,600 --> 00:34:00,880 Speaker 1: for an internal role a higher salary given your situation? Well, 649 00:34:00,880 --> 00:34:04,280 Speaker 1: it's a reduction in force, so hopefully like that it 650 00:34:04,320 --> 00:34:07,360 Speaker 1: doesn't reflect on and it sounds like it's location based, 651 00:34:07,760 --> 00:34:10,719 Speaker 1: you know, it doesn't probably reflect on your particular like 652 00:34:10,880 --> 00:34:17,000 Speaker 1: job skills or your contributions. So I would I wouldn't 653 00:34:17,080 --> 00:34:20,439 Speaker 1: let that, you know, get you down. Like I don't 654 00:34:20,480 --> 00:34:23,440 Speaker 1: even know if at an internal level, is the company 655 00:34:23,520 --> 00:34:26,080 Speaker 1: so big does do they even know about this production 656 00:34:26,160 --> 00:34:28,760 Speaker 1: and force? Or is it just impacting your team? Sometimes 657 00:34:28,800 --> 00:34:31,640 Speaker 1: companies are so big and so global, you don't know 658 00:34:31,680 --> 00:34:35,560 Speaker 1: what's happening in like you know, Tucson's office versus what's 659 00:34:35,600 --> 00:34:38,360 Speaker 1: happening in like Boston's office. Like it can all be 660 00:34:38,560 --> 00:34:45,160 Speaker 1: very like siloed, so that will depend. And if it's 661 00:34:45,160 --> 00:34:46,799 Speaker 1: the case that they are not that aware of it, 662 00:34:46,880 --> 00:34:50,759 Speaker 1: like I wouldn't highlight it for sure. But always, the 663 00:34:50,760 --> 00:34:53,880 Speaker 1: best way to negotiate for a higher salary, including this situation, 664 00:34:54,000 --> 00:34:56,839 Speaker 1: is to be looking for other opportunities so you can 665 00:34:56,880 --> 00:35:01,399 Speaker 1: potentially have competing offers. Clearly, your current company, like your 666 00:35:01,400 --> 00:35:05,080 Speaker 1: current salary isn't as much of a competitive like a 667 00:35:05,120 --> 00:35:09,360 Speaker 1: competing offer because you both have an expiration date on 668 00:35:09,440 --> 00:35:12,680 Speaker 1: when that salary is going to be over. But if 669 00:35:12,760 --> 00:35:14,640 Speaker 1: you're able to go out in the job market, do 670 00:35:14,719 --> 00:35:18,240 Speaker 1: some interviews, you don't even need like a hard offer letter, 671 00:35:18,719 --> 00:35:22,160 Speaker 1: but at least the ability to say that I am 672 00:35:22,200 --> 00:35:25,000 Speaker 1: in talks with a couple, excuse me, one or two 673 00:35:25,000 --> 00:35:28,880 Speaker 1: other companies, and there are compensation packages they start at 674 00:35:29,120 --> 00:35:33,040 Speaker 1: X amount of money. That can give you a jumping 675 00:35:33,080 --> 00:35:35,160 Speaker 1: off point for a negotiation. Doesn't mean that it's going 676 00:35:35,239 --> 00:35:39,040 Speaker 1: to be successful, but that's always my go to tip 677 00:35:39,120 --> 00:35:40,960 Speaker 1: is the best thing you can do is to get 678 00:35:41,120 --> 00:35:44,560 Speaker 1: competing offers. And if this sounds way too exhausting for 679 00:35:44,600 --> 00:35:46,560 Speaker 1: you and you just want some time off, then I 680 00:35:46,600 --> 00:35:50,319 Speaker 1: would say use those savings. That's what it's for, but 681 00:35:50,480 --> 00:35:53,359 Speaker 1: obviously have a bounce back plan from when you want 682 00:35:53,360 --> 00:35:54,560 Speaker 1: to get back in the job market. 683 00:35:55,360 --> 00:35:59,680 Speaker 3: Yeah. Do you think like Harod being on disability for 684 00:35:59,680 --> 00:36:01,040 Speaker 3: a little while it is going to help, it's going 685 00:36:01,080 --> 00:36:03,760 Speaker 3: to hurt her own chances in the market, Well nobody. 686 00:36:03,920 --> 00:36:06,600 Speaker 1: Well, I mean, you can spend your disability what however 687 00:36:06,640 --> 00:36:09,600 Speaker 1: you want, like I got. I have definitely had mandy 688 00:36:09,640 --> 00:36:12,799 Speaker 1: money makers who have taken advantage of like taking a 689 00:36:12,840 --> 00:36:16,480 Speaker 1: short term mental health leave, medical leave, whatever, because they 690 00:36:16,480 --> 00:36:19,359 Speaker 1: got approved by their mental health practitioner. And I'm not 691 00:36:19,360 --> 00:36:21,200 Speaker 1: trying to like put like I don't think she even 692 00:36:21,200 --> 00:36:22,880 Speaker 1: said it was mental health related, or maybe she did, 693 00:36:22,920 --> 00:36:26,840 Speaker 1: I forget, But anyway, but then you can do with 694 00:36:26,960 --> 00:36:29,640 Speaker 1: that time what you want to do. So it can 695 00:36:29,680 --> 00:36:34,040 Speaker 1: be job searching, it can be you know, laying around 696 00:36:34,080 --> 00:36:36,960 Speaker 1: and just getting some good sleep and talking to your 697 00:36:36,960 --> 00:36:40,279 Speaker 1: doctors and all of that. But no, it shouldn't necessarily hurt. 698 00:36:40,320 --> 00:36:41,920 Speaker 1: I mean, I wouldn't go out of your way to 699 00:36:41,960 --> 00:36:44,000 Speaker 1: mention that in a job interview, you can just say, 700 00:36:45,080 --> 00:36:47,759 Speaker 1: you know, I'm taking a bit of a break right 701 00:36:47,800 --> 00:36:50,759 Speaker 1: now to like, you know, sus out my options and 702 00:36:50,800 --> 00:36:54,680 Speaker 1: I plan to you know, make a move here soon. 703 00:36:55,360 --> 00:36:58,399 Speaker 1: And it's again about owning the narrative, like just own 704 00:36:58,480 --> 00:37:01,040 Speaker 1: the story. Like I work tire for X number of 705 00:37:01,120 --> 00:37:06,000 Speaker 1: years and I realized that I needed to spend some 706 00:37:06,080 --> 00:37:10,400 Speaker 1: more time focusing on X, Y Z and I'm but 707 00:37:10,560 --> 00:37:13,239 Speaker 1: at the same time, I'm very excited about what I 708 00:37:13,239 --> 00:37:15,120 Speaker 1: could contribute to your company and what I can bring 709 00:37:15,160 --> 00:37:17,080 Speaker 1: to the role. And just kind of say it with 710 00:37:17,160 --> 00:37:19,439 Speaker 1: your full chest and don't apologize for it. Just own 711 00:37:19,520 --> 00:37:23,200 Speaker 1: it and that can go a long way. Okay, all right, 712 00:37:23,560 --> 00:37:28,120 Speaker 1: This question is from Regina from ig y'all can hit 713 00:37:28,200 --> 00:37:33,520 Speaker 1: us Hit me up Brown Ambition Podcast on Instagram if 714 00:37:33,520 --> 00:37:35,920 Speaker 1: you want to have your question answered on the show. 715 00:37:36,000 --> 00:37:40,040 Speaker 1: Also Brown Ambition Podcast at gmail dot com. All right, 716 00:37:40,200 --> 00:37:43,880 Speaker 1: Regina says, Hey, love all the content y'all do. I 717 00:37:43,920 --> 00:37:46,960 Speaker 1: have been following y'all for a few years now. My 718 00:37:47,080 --> 00:37:48,759 Speaker 1: question is that I have a four oh one K 719 00:37:48,920 --> 00:37:52,640 Speaker 1: from a previous employer still sitting with the original brokerage. 720 00:37:52,800 --> 00:37:55,239 Speaker 1: I opened it in when I worked there, which is 721 00:37:55,280 --> 00:37:58,040 Speaker 1: t I AA. I am now with a new employer 722 00:37:58,480 --> 00:38:00,080 Speaker 1: and I have a four oh one K through that 723 00:38:00,080 --> 00:38:04,120 Speaker 1: employer through a different brokerage, which is Fidelity. Now I 724 00:38:04,160 --> 00:38:07,160 Speaker 1: realize I should roll my original four one K into 725 00:38:07,200 --> 00:38:10,879 Speaker 1: an IRA for ease. Should I just roll it over 726 00:38:10,920 --> 00:38:14,239 Speaker 1: to my new brokerage? If I do this and then 727 00:38:14,360 --> 00:38:17,799 Speaker 1: end up with another employer later in life at another brokerage, 728 00:38:17,880 --> 00:38:20,920 Speaker 1: would I then be able to roll both my IRA 729 00:38:21,160 --> 00:38:24,520 Speaker 1: and current active four one K over I would imagine 730 00:38:24,520 --> 00:38:27,000 Speaker 1: I'd want to keep them together just so I don't 731 00:38:27,040 --> 00:38:30,600 Speaker 1: forget where my money is. Lol. Thank you so much 732 00:38:30,719 --> 00:38:34,840 Speaker 1: for your thoughts, and no, I won't sue my brown besties. 733 00:38:35,320 --> 00:38:36,360 Speaker 3: Thank you, Regina. 734 00:38:36,880 --> 00:38:40,520 Speaker 1: Regina's got her solid shakererow Ginos. Okay, but this is 735 00:38:40,520 --> 00:38:45,200 Speaker 1: a great question, Regina, and I think your instinct is important, 736 00:38:45,239 --> 00:38:48,040 Speaker 1: which is like for you, you would want to keep 737 00:38:48,080 --> 00:38:50,520 Speaker 1: them together because you worry that you might forget where 738 00:38:50,560 --> 00:38:53,239 Speaker 1: your money is. And that is a real concern here, 739 00:38:53,320 --> 00:38:56,000 Speaker 1: right is if you have accounts in all different places, 740 00:38:56,719 --> 00:38:59,000 Speaker 1: life is going to life. You may have several jobs 741 00:38:59,719 --> 00:39:02,040 Speaker 1: over the rest of your career, and it can it 742 00:39:02,080 --> 00:39:06,160 Speaker 1: doesn't seem like it's you know possible, but it is 743 00:39:06,360 --> 00:39:09,239 Speaker 1: very possible to forget that you have some money left over. 744 00:39:09,719 --> 00:39:13,560 Speaker 1: I myself have like fifteen hundred dollars or something like 745 00:39:13,600 --> 00:39:16,799 Speaker 1: that saved in a four to oh one K that's 746 00:39:16,840 --> 00:39:20,080 Speaker 1: now been rolled over into an IRA from a previous employer, 747 00:39:20,120 --> 00:39:22,520 Speaker 1: and I still have not got around because every time 748 00:39:22,560 --> 00:39:24,400 Speaker 1: I think about it, I'm like, yeah, I gotta do that, 749 00:39:24,880 --> 00:39:26,799 Speaker 1: and then I just don't do it because I go 750 00:39:26,920 --> 00:39:28,920 Speaker 1: to log in and I don't know my password, and 751 00:39:28,960 --> 00:39:31,920 Speaker 1: I'm like, oh, I'll come back another time. And it's just, 752 00:39:32,000 --> 00:39:34,359 Speaker 1: you know, it's a little bit there's friction there. It's 753 00:39:34,400 --> 00:39:38,040 Speaker 1: not so simple. It still like takes effort to do 754 00:39:38,200 --> 00:39:40,840 Speaker 1: it right. So and I'm like, well, it's not going anywhere. 755 00:39:41,200 --> 00:39:43,399 Speaker 1: But what if I forget I had this fifteen hundred dollars. 756 00:39:43,440 --> 00:39:45,640 Speaker 1: It's that's not a lot of it's not a little 757 00:39:45,680 --> 00:39:47,600 Speaker 1: bit of money, you know, So we don't want that 758 00:39:47,640 --> 00:39:50,880 Speaker 1: to happen, right, So if you think you may be 759 00:39:50,880 --> 00:39:53,680 Speaker 1: inclined to forget, it may make a lot of sense 760 00:39:53,760 --> 00:39:57,360 Speaker 1: to just take your previous employer's for one K and 761 00:39:57,560 --> 00:40:00,560 Speaker 1: roll it over into an IRA that you you own, 762 00:40:01,080 --> 00:40:05,200 Speaker 1: and then make that IRA your destination. For any future 763 00:40:05,280 --> 00:40:09,120 Speaker 1: for a one K rollovers okay. So that means if 764 00:40:09,120 --> 00:40:11,160 Speaker 1: you leave the job that you have now and you 765 00:40:11,200 --> 00:40:14,080 Speaker 1: want to move your four to one K out of 766 00:40:14,120 --> 00:40:18,000 Speaker 1: that Fidelity account, you already have this IRA opened with 767 00:40:18,160 --> 00:40:21,719 Speaker 1: that that has your previous four one K already rolled over, 768 00:40:21,800 --> 00:40:24,080 Speaker 1: and then you can just add that and then open 769 00:40:24,200 --> 00:40:26,760 Speaker 1: up your new four to one K wherever your employer 770 00:40:27,080 --> 00:40:31,279 Speaker 1: has their partnership with. Another reason it's great to roll 771 00:40:31,280 --> 00:40:34,920 Speaker 1: it over is because your four one K through your 772 00:40:34,960 --> 00:40:38,280 Speaker 1: employer it may not have all of the investing options 773 00:40:38,360 --> 00:40:41,560 Speaker 1: that you want. They may have very limited funds, or 774 00:40:41,640 --> 00:40:44,680 Speaker 1: the funds that they do have maybe more expensive than 775 00:40:44,680 --> 00:40:47,520 Speaker 1: what you can find opening your own brokerage account like 776 00:40:47,520 --> 00:40:50,200 Speaker 1: through a Vanguard or a Schwab. The good news is 777 00:40:50,200 --> 00:40:53,400 Speaker 1: that I mean Fidelity TIAA. These are both platforms that 778 00:40:53,400 --> 00:40:57,000 Speaker 1: should have a wealth of options for investing and low 779 00:40:57,040 --> 00:41:00,640 Speaker 1: cost investments as well, So you could be good, you know, 780 00:41:00,719 --> 00:41:04,080 Speaker 1: just keeping your money parked there in that account. But 781 00:41:04,160 --> 00:41:06,960 Speaker 1: let's say the other side of this is, okay, I 782 00:41:06,960 --> 00:41:10,759 Speaker 1: don't want to open an iray, even if I do 783 00:41:10,880 --> 00:41:13,720 Speaker 1: designate that as my four to one K rollover pot 784 00:41:13,920 --> 00:41:16,319 Speaker 1: for the rest of my career. I would rather just 785 00:41:16,400 --> 00:41:18,560 Speaker 1: take my four to one K from my previous employer 786 00:41:18,600 --> 00:41:20,759 Speaker 1: and roll it over to this new four oh one 787 00:41:20,840 --> 00:41:24,520 Speaker 1: K at Fidelity. You can absolutely do that too. That 788 00:41:25,000 --> 00:41:28,400 Speaker 1: takes a couple of like cons out of the equation. 789 00:41:29,120 --> 00:41:31,200 Speaker 1: It means that you won't have to keep track of 790 00:41:31,239 --> 00:41:34,360 Speaker 1: that four one K rollover I ray that you would open, 791 00:41:35,040 --> 00:41:38,560 Speaker 1: and it just sort of gives you something to pick 792 00:41:38,680 --> 00:41:42,080 Speaker 1: It gives you something to build on through your four 793 00:41:42,120 --> 00:41:44,920 Speaker 1: to one K at your new company. So those are 794 00:41:44,960 --> 00:41:48,239 Speaker 1: a couple of pros. But for me, it's really which 795 00:41:48,280 --> 00:41:51,719 Speaker 1: option is going to work better for you. The simplest, 796 00:41:52,040 --> 00:41:55,680 Speaker 1: which means, like I can just do one thing and 797 00:41:55,760 --> 00:41:57,719 Speaker 1: kind of get this ticked off and I know that 798 00:41:57,760 --> 00:42:00,359 Speaker 1: I'm not losing or keep losing track of the money 799 00:42:00,400 --> 00:42:02,759 Speaker 1: that I have, is just to go ahead and roll 800 00:42:02,760 --> 00:42:05,719 Speaker 1: that for a one K. Tell TIAA, here's where you 801 00:42:05,760 --> 00:42:08,520 Speaker 1: can send my money. They'll roll it directly into your 802 00:42:08,880 --> 00:42:12,000 Speaker 1: new employer provided for a one K, and you can 803 00:42:12,480 --> 00:42:15,520 Speaker 1: keep it moving. You can keep doing that for the 804 00:42:15,560 --> 00:42:18,279 Speaker 1: next job and the next job and the next job, 805 00:42:18,320 --> 00:42:20,160 Speaker 1: and you have this like snowball of four one K 806 00:42:20,280 --> 00:42:24,040 Speaker 1: balances that you're moving over. But it can't hurt to 807 00:42:24,080 --> 00:42:28,120 Speaker 1: take a couple of extra steps to say, Okay, long term, 808 00:42:28,560 --> 00:42:32,160 Speaker 1: maybe I should have my individual brokerage where I can 809 00:42:32,239 --> 00:42:35,200 Speaker 1: roll these accounts over into and I can control what 810 00:42:35,239 --> 00:42:39,600 Speaker 1: types of investing options I have. There's no bad answer here, 811 00:42:39,719 --> 00:42:42,879 Speaker 1: there's just slight differences. And at the end of the day, 812 00:42:43,400 --> 00:42:46,160 Speaker 1: it's up to you and what you're willing to do, 813 00:42:46,320 --> 00:42:48,680 Speaker 1: how much work you're willing to put in, and how 814 00:42:48,719 --> 00:42:51,600 Speaker 1: much effort, and it's yeah. 815 00:42:51,400 --> 00:42:52,040 Speaker 2: It's up to you. 816 00:42:52,080 --> 00:42:54,719 Speaker 1: But that's a great question, Regina, and thank you so 817 00:42:54,880 --> 00:42:57,160 Speaker 1: much for sending that Again. You can hit us up 818 00:42:57,200 --> 00:43:00,320 Speaker 1: Brown Ambition Podcast at gmail dot com or us a 819 00:43:00,360 --> 00:43:04,160 Speaker 1: DM at Brand Ambition Podcast on Instagram if you want 820 00:43:04,160 --> 00:43:07,960 Speaker 1: to have your question featured on the show. Until next time, bye,