WEBVTT - Get Good With Money (How-To Monday) 0:00:00.480 --> 0:00:03.600 Hey, ba fan, we got another throwback episode for you. 0:00:03.720 --> 0:00:06.240 In fact, happy throwback Monday. We're going to make that 0:00:06.320 --> 0:00:09.600 a thing, Okay. In this how to episode, we dug 0:00:09.720 --> 0:00:13.039 up from the archives of Brown Ambition. We are talking 0:00:13.080 --> 0:00:16.560 about how to finally Get Good with Money. We talk 0:00:16.600 --> 0:00:21.360 about Tiffany's groundbreaking New York Times best selling book Get 0:00:21.400 --> 0:00:24.360 Good with Money, that continues to fly off the shelves. Y'all. 0:00:24.400 --> 0:00:28.319 She sells probably more books in a single week three 0:00:28.400 --> 0:00:31.560 years after her book launch than most authors will sell 0:00:31.560 --> 0:00:34.199 in their first year. Okay, let that sink in. That 0:00:34.320 --> 0:00:37.600 is the force of nature that Tiffany is. And how 0:00:37.640 --> 0:00:39.360 good this damn book is? 0:00:39.440 --> 0:00:39.839 Okay. 0:00:40.440 --> 0:00:42.480 On this episode, we're going to talk about the core 0:00:42.560 --> 0:00:45.519 principles of financial wholeness that she covers in the book. 0:00:45.840 --> 0:00:48.360 I even take the financial Wholeness quiz to see how 0:00:48.360 --> 0:00:51.880 whole I am. And plus we ask and answer a 0:00:52.000 --> 0:00:54.880 question should you drain your savings to pay off debt? 0:00:55.280 --> 0:00:58.040 All of this and more in this episode of b 0:00:58.240 --> 0:00:59.080 a throwback. 0:01:15.480 --> 0:01:28.440 Hey, Hey, hey, we're back. We're black, We're blue bound, 0:01:30.000 --> 0:01:31.479 am bitch. 0:01:32.720 --> 0:01:34.120 We're having a book, y'all. 0:01:34.280 --> 0:01:36.240 What we are having a book? So I have to 0:01:36.240 --> 0:01:41.080 give you guys the epic. Hey, Hey, hey, oh my gosh, Mandra, yes, this. 0:01:40.959 --> 0:01:45.080 Is your week. My baby's here, my reel's. 0:01:44.720 --> 0:01:52.920 Here, Oh my, go's a book. I know it feels 0:01:52.960 --> 0:01:57.680 surreal because I went into Barnes and Nobles today and 0:01:58.400 --> 0:02:00.400 at first I didn't see it and then I saw 0:02:00.480 --> 0:02:03.400 it and I was like, you know, I do not 0:02:03.520 --> 0:02:07.000 explain it, but I'll just say this that eleven or 0:02:07.040 --> 0:02:10.320 twelve years ago whatever, like my first book, One Week Budget, 0:02:10.320 --> 0:02:13.040 which I self published, came out. I went to Barnes 0:02:13.040 --> 0:02:15.239 and Nobles and because a friend of mine was like, 0:02:15.240 --> 0:02:17.080 I got a new camera. Do you have pictures? And 0:02:17.120 --> 0:02:18.640 I was like no, He's like, you want pictures. I 0:02:18.680 --> 0:02:21.000 was like, I guess. So my roommate at the time, 0:02:21.040 --> 0:02:22.919 because you know sisters broke, I was living in a room, 0:02:23.000 --> 0:02:27.360 so literally roommates at the time. Lauren was a budding 0:02:27.400 --> 0:02:29.920 makeup artist and I was like, Lauren, Ricky bought a 0:02:29.960 --> 0:02:32.040 camera and he said he wants to take pictures, and 0:02:32.080 --> 0:02:33.880 he said, bring my books to Barnes and Nobles. I 0:02:33.880 --> 0:02:35.880 didn't know what he had in mind. And I think 0:02:35.919 --> 0:02:38.760 I'm going to bring my favorite almost church dress but 0:02:38.960 --> 0:02:41.440 looks on professional dress. Can you do my face, and 0:02:41.520 --> 0:02:43.560 she was like, sure, I don't know why we didn't 0:02:43.600 --> 0:02:45.079 do faces at home, but we did it in the 0:02:45.120 --> 0:02:46.960 bathroom at Barnes and Nobles. And I got dressed in 0:02:46.960 --> 0:02:47.480 the bathroom. 0:02:47.720 --> 0:02:52.520 Bar's not even in the car, just in the nasty bathroom. Yes. 0:02:52.800 --> 0:02:56.360 And so I came out and put like eleven books 0:02:56.400 --> 0:03:00.000 on the shelf, and Ricky with his new big camera, 0:03:00.400 --> 0:03:06.640 proceeded to snep and I'm ever thinking. I didn't even think, like, 0:03:06.720 --> 0:03:09.120 is this allowed? It wasn't because the manager comes over 0:03:09.200 --> 0:03:11.560 and says, you can't do that, you cannot do that. 0:03:11.600 --> 0:03:15.560 I was like what. So Ricky and all his brazenness, says, 0:03:15.760 --> 0:03:21.040 keep posting. So he's like, what we'll leave. I'm so like, 0:03:21.160 --> 0:03:26.200 just imagine what we'll leave. I'm sorry, okay. And so 0:03:27.040 --> 0:03:29.519 I have these pictures and I cannot wait because I'll 0:03:29.520 --> 0:03:33.440 be posting on my social the epic how it started. 0:03:33.639 --> 0:03:36.040 And yesterday I went to well, today I went to 0:03:36.040 --> 0:03:39.800 Barnes and Nobles with my book legally on the bookshelves 0:03:40.280 --> 0:03:43.320 and legally taking pictures to how it's going. So I 0:03:43.320 --> 0:03:45.520 can't wait to put up side by side. You can 0:03:45.560 --> 0:03:47.400 see my locks are way longer. I got you know, 0:03:47.440 --> 0:03:50.040 a few extra pounds on my booty. But my book 0:03:50.120 --> 0:03:52.120 is on this shelf for real this time, and it's 0:03:52.160 --> 0:03:55.520 my face on it. It just it still hasn't hit 0:03:55.520 --> 0:03:57.600 because I'm not gonna lie. It still feels like I 0:03:57.600 --> 0:03:58.920 put my book on the shelf, you know. 0:04:00.520 --> 0:04:02.280 But you walked in there and it was just someone 0:04:02.280 --> 0:04:03.240 else put it on their tip. 0:04:03.280 --> 0:04:08.080 And I know, I know, I did know the lady 0:04:08.360 --> 0:04:10.120 I asked her. I was like, am I allowed to 0:04:10.120 --> 0:04:12.520 push these to the front because they had them on 0:04:12.560 --> 0:04:13.960 like the third sholf. I was like, yeah, I'd like 0:04:14.000 --> 0:04:16.760 it right here eye level. She was like, yes, Wait 0:04:16.800 --> 0:04:20.760 are you the author? I said I am, And she 0:04:20.880 --> 0:04:22.440 was like, well you sign them. I'm like, am I allowed? 0:04:22.480 --> 0:04:23.680 She said yeah. She said, as a matter of fact, 0:04:23.760 --> 0:04:26.040 let me go get stickers because we actually have stickers 0:04:26.080 --> 0:04:29.400 that say autographed. That was like, oh, oh my goodness. 0:04:29.640 --> 0:04:32.760 So she was so awesome. Shout out to Laura of 0:04:32.960 --> 0:04:35.720 Barnes and Nobles in Clifton, New Jersey. I signed the 0:04:35.800 --> 0:04:38.440 books there and she took pictures of me signing the books. 0:04:38.440 --> 0:04:39.960 She's like, she asked me if she could post them 0:04:39.960 --> 0:04:43.200 to our so to their social I said absolutely, and 0:04:43.520 --> 0:04:46.080 I brought my friend Rihanna with me. I mean, we 0:04:46.120 --> 0:04:48.760 did a whole photo shoot, we did video, we did boomerangs, 0:04:48.760 --> 0:04:54.159 we did girl I went live, I did all the things. Oh, 0:04:54.160 --> 0:05:00.000 but it just like it's so crazy because it's been 0:05:00.120 --> 0:05:01.960 such hard work. I mean, y'all know I work hard, 0:05:01.960 --> 0:05:05.080 but it's a different level of hard work. Pushing out 0:05:05.360 --> 0:05:08.600 this book. It was a different level. And yet this week, 0:05:08.680 --> 0:05:10.680 because this is launch week, it's a very important week. 0:05:10.680 --> 0:05:12.240 This week determines, you know, you're going to make New 0:05:12.279 --> 0:05:15.320 York Times bestseller. This week determines a lot like do 0:05:15.360 --> 0:05:17.600 people want to work with you again? It's you know, 0:05:17.760 --> 0:05:20.400 like very few books do poorly in the first week 0:05:20.440 --> 0:05:22.000 and then go on to greatness. Like you know, this 0:05:22.080 --> 0:05:24.640 kind of sets the tone. And yet I'm going into 0:05:24.640 --> 0:05:27.800 this week feeling really calm because my team and I 0:05:27.839 --> 0:05:30.839 have already done like the work. We've already sold thousands 0:05:30.880 --> 0:05:34.600 of thousands and thousands of books already, and so I 0:05:34.680 --> 0:05:37.760 just think the audience is ready. Honestly, I encourage you 0:05:37.800 --> 0:05:40.200 to go into Barns and Noble put my book in 0:05:40.240 --> 0:05:42.240 the front, because don't let them play you if my 0:05:42.279 --> 0:05:45.160 book is not on the new Because there's like there's 0:05:45.200 --> 0:05:48.159 a section that says new nonfiction. If it's just in 0:05:48.200 --> 0:05:51.400 the regular finance or business section, be like, cis, this 0:05:51.440 --> 0:05:52.839 is a brand new book. It needs to be here 0:05:52.960 --> 0:05:55.320 because some of the Barnes and Nobles can decide where 0:05:55.320 --> 0:05:57.160 they want to put it. But if you know, if 0:05:57.200 --> 0:05:58.880 you ask, they will put it in the new section 0:05:58.920 --> 0:06:00.440 because it deserves to be in the new section so 0:06:00.480 --> 0:06:04.560 people can see. But yeah, it just feels like surreal 0:06:04.600 --> 0:06:06.600 because you know what, Like what's best of all is 0:06:06.600 --> 0:06:10.119 that it's a good book. And I'm usually hard on myself, 0:06:10.120 --> 0:06:13.080 you know me, Man, I'm like, yeah, I guess, like, 0:06:13.200 --> 0:06:16.640 but it's a good book. I feel really proud that, 0:06:16.720 --> 0:06:21.960 like I wrote something that's actually good and it's going 0:06:22.000 --> 0:06:24.039 to be really helpful and it's really just going to 0:06:24.080 --> 0:06:26.680 transform people's lives. Like it's a good book. And I 0:06:26.720 --> 0:06:29.279 was like, Tiffany, well done. I don't know the last 0:06:29.279 --> 0:06:31.760 time I told myself well done. And I can honestly 0:06:31.800 --> 0:06:34.360 say not the marketing, not that, but like the book itself, 0:06:34.720 --> 0:06:37.599 I can honestly say, Tiffany, job, well done. 0:06:38.000 --> 0:06:38.440 Snap. 0:06:40.200 --> 0:06:42.800 I mean the content matters, right, and I think that 0:06:43.320 --> 0:06:45.240 it's not just selling because I mean, of course, it's 0:06:45.240 --> 0:06:49.080 selling because you're a marketing genius and Dreamcator Nation has 0:06:49.120 --> 0:06:51.400 always had your back and all of that. But it's 0:06:51.520 --> 0:06:54.160 when the product is good. It's good, you know, I. 0:06:54.120 --> 0:06:54.720 Mean, isn't it? 0:06:54.800 --> 0:06:57.920 Like where opportunity and preparation meet, that's when the real 0:06:58.240 --> 0:07:01.880 magic happens. And I'm so excited. I get to watch 0:07:01.920 --> 0:07:04.880 it all from my comfy chair and no pressure from land. 0:07:06.320 --> 0:07:08.360 Well, yo, baby, what will we do if it makes 0:07:08.360 --> 0:07:08.800 any time? 0:07:08.800 --> 0:07:09.000 Best? 0:07:09.000 --> 0:07:10.640 So? Like, what will we do? Imagine? 0:07:11.040 --> 0:07:12.840 I've been waiting for you to tell me where I 0:07:12.880 --> 0:07:15.680 need to show up and how many confetti poppers to bring, 0:07:15.840 --> 0:07:17.800 and like what's kind of champagne. 0:07:17.360 --> 0:07:19.560 You don't like? So I can drink it by myself? 0:07:19.960 --> 0:07:22.880 I haven't. I don't even know what I would. I don't. 0:07:22.960 --> 0:07:25.480 I just it's like my mind can't conceive. Like I'm like, yeah, 0:07:25.480 --> 0:07:26.520 I said the Free School. 0:07:26.720 --> 0:07:29.040 I feel like Oprah is listening in somewhere, or the 0:07:29.120 --> 0:07:32.720 intern who works for the book people at Oprah Inc. 0:07:32.880 --> 0:07:36.840 Or at Harpo and uh and own, Like, come on, 0:07:37.000 --> 0:07:39.760 y'all put a sticker on this book if she hasn't 0:07:39.760 --> 0:07:41.600 had a personal finance book in a long time. 0:07:41.680 --> 0:07:44.160 Yes, and a very long time ever, maybe not since 0:07:44.200 --> 0:07:44.840 David Bach or. 0:07:44.840 --> 0:07:51.760 Susie your Come. This has Oprah Oprah, don't let respeach 0:07:51.760 --> 0:07:54.200 you to this girl, don't let respeech you. 0:07:54.920 --> 0:07:57.080 Oprah is a Oprah's favorite thing. 0:07:57.160 --> 0:08:00.240 We need the Oprah's Book Club to take notice because, 0:08:00.480 --> 0:08:04.440 especially at this moment in our country, people have been drugged, 0:08:04.560 --> 0:08:06.360 especially black and brown people have been. 0:08:06.240 --> 0:08:07.560 Dragged through it this year. 0:08:08.160 --> 0:08:11.400 I mean, this is at a great self to the 0:08:11.440 --> 0:08:13.600 hearts of you know a lot of people who are 0:08:13.600 --> 0:08:16.000 feeling like we have been left behind by this financial 0:08:16.000 --> 0:08:18.239 system and we have been left behind in so many ways. 0:08:18.240 --> 0:08:20.440 And Tiffany, this book is like the great equalizer. 0:08:20.640 --> 0:08:23.120 You know. Somebody that like I was on this podcast 0:08:23.160 --> 0:08:26.000 called it. I think it's the root. It's lit. It's 0:08:26.040 --> 0:08:29.080 a literary podcast. And these just these two sisters who 0:08:29.200 --> 0:08:32.640 love reading and books. And one of them gave me 0:08:32.679 --> 0:08:35.000 like the best compliments. She was like, girl, first are one. 0:08:35.040 --> 0:08:37.120 I cried. I'm like what, She's like, what finance book 0:08:37.160 --> 0:08:38.959 makes you cry? Not like a cry and a hopeless 0:08:38.960 --> 0:08:42.000 but like, oh my god, it's for me. And she 0:08:42.120 --> 0:08:45.000 told me She's like, this is not nobody's finance book, Tiffany. 0:08:45.480 --> 0:08:47.640 She said, it's equal parts memoir because you know, I 0:08:47.720 --> 0:08:50.680 share my story because I want to normalize the financial 0:08:50.760 --> 0:08:53.040 drama and trauma. It's okay, we've all been through it. 0:08:53.480 --> 0:08:56.400 She said, equal parts guide because it's an actual step 0:08:56.440 --> 0:09:01.040 by step this is how you fix, maintain, grow whatever 0:09:01.120 --> 0:09:04.400 wherever you are financially. And she said equal parts self 0:09:04.400 --> 0:09:08.120 help because it really does help you look at where 0:09:08.160 --> 0:09:11.200 you are and learn not to judge yourself and to 0:09:11.280 --> 0:09:13.600 be gentle and to give yourself space and grace to 0:09:13.679 --> 0:09:16.440 grow and learn. And when she said that, when she 0:09:16.520 --> 0:09:20.040 said like memoir guide and self help, I'm like, you 0:09:20.080 --> 0:09:21.600 know what, She's right. She's like, I've never read a 0:09:21.640 --> 0:09:24.720 finance book like this before. Tiffany. She's like, it's like 0:09:24.760 --> 0:09:26.600 sitting with your sister girl, Who's like, all right, girl, 0:09:26.679 --> 0:09:28.400 this is the weekend. We're gonna get our lives together. 0:09:29.160 --> 0:09:31.440 Let's walk through it together. And I just that's what 0:09:31.520 --> 0:09:36.280 I wanted. I wanted a safe space for our women, 0:09:36.520 --> 0:09:39.839 you know, like b a listeners, a safe space for 0:09:40.360 --> 0:09:44.120 you to go to grow when it came to your finances. 0:09:44.480 --> 0:09:46.880 And I just like, yeah, to just hear from women 0:09:46.960 --> 0:09:51.600 that it was intended for, saying like that's exactly how 0:09:51.600 --> 0:09:55.680 I felt, you know, ye like it just just I'm like, honestly, 0:09:55.720 --> 0:09:59.400 it just feels I don't even know, like it just 0:09:59.520 --> 0:10:03.640 feel so so good and right. I mean, and also too, 0:10:03.640 --> 0:10:05.160 I've been working with doctor Green. Doctor Green is a 0:10:05.160 --> 0:10:06.840 miracle worker because I'm just in such a better space 0:10:06.840 --> 0:10:08.520 now because I can actually feel you know, remember I 0:10:08.520 --> 0:10:12.120 remember I was feeling less like a few so I 0:10:12.120 --> 0:10:14.920 can actually think, I know, and that's what it's feeling like. 0:10:14.960 --> 0:10:17.080 I'm like, oh my gosh, like my synapses are waking 0:10:17.160 --> 0:10:19.560 up again. I'm like, I feel things, but it just 0:10:19.640 --> 0:10:22.400 feels it just feels like really good. I'm just like, 0:10:23.160 --> 0:10:25.080 you know, I'm like Tiffany, it's okay to say you're 0:10:25.120 --> 0:10:28.040 proud of yourself, and I am, and just everybody that's 0:10:28.080 --> 0:10:31.679 made it happen, the budgetest, the boosters that I tapped into. 0:10:32.480 --> 0:10:35.080 So you know me, I don't believe in gurus and 0:10:35.120 --> 0:10:37.839 I'm not gonna pretend to be your guru. And if 0:10:37.880 --> 0:10:41.319 I'm getting information from someone who, you know, I think 0:10:41.400 --> 0:10:43.280 is an expert in a space, then I believe that 0:10:43.280 --> 0:10:46.520 they should get their shine. So I made a space, 0:10:46.679 --> 0:10:49.520 like I made it my business to reach out to 0:10:49.559 --> 0:10:54.280 people within the Brown Ambition financial like world to say, hey, 0:10:55.040 --> 0:10:56.800 you know I trust you when it comes to this. 0:10:56.920 --> 0:11:00.600 Tony Moore sister Georgetown graduates. I think she got her 0:11:00.640 --> 0:11:03.440 master's and laws. She's my attorney and she does my 0:11:04.000 --> 0:11:06.920 she's joined my estate plan. Like, girl, you are a 0:11:06.920 --> 0:11:10.120 bad mambajama. And I don't want to pretend like I 0:11:10.240 --> 0:11:12.920 know a state plan other than like the basics. Can 0:11:12.960 --> 0:11:14.560 you help to pour into me so I can pour 0:11:14.559 --> 0:11:17.480 it to the people and then I share this is Tony, 0:11:17.960 --> 0:11:20.680 my budget needs to booster for this chapter. She's going 0:11:20.760 --> 0:11:22.800 to be giving us advice along the way, and so 0:11:22.840 --> 0:11:25.800 certainly you hear my voice, but they're boosting opportunities where 0:11:25.840 --> 0:11:28.280 Tony jumps in with her expertise, and you'll see that 0:11:28.360 --> 0:11:31.200 throughout the book. But that was intentional because I want 0:11:31.320 --> 0:11:34.439 you the reader to know that no one has all 0:11:34.440 --> 0:11:38.559 the answers, including me, especially me, and that and I 0:11:38.559 --> 0:11:42.840 also do really believe like sharing the wealth because like 0:11:42.920 --> 0:11:47.240 Sandy's in the book, Courtney from the Ivy Investor, Kevin 0:11:47.600 --> 0:11:52.199 from Building Bread, Angelie who I love my cfps in 0:11:52.240 --> 0:11:55.040 the book, you know we love Nativa the Frugal Credit 0:11:55.120 --> 0:11:58.800 Nisa Kara the frugal feminista with her mindset stuff, ash 0:11:58.880 --> 0:12:01.680 Cash with his mindset stuff. I really pulled out, like 0:12:02.480 --> 0:12:04.840 I don't know, like just some amazing people and like 0:12:04.920 --> 0:12:07.079 because you don't see their picture. What I love is 0:12:07.120 --> 0:12:08.640 there's gonna be so many women who are not going 0:12:08.679 --> 0:12:10.360 to realize, like I put all these brown people in 0:12:10.360 --> 0:12:12.960 this book. Girl, that's right, you learn it from brown 0:12:13.000 --> 0:12:24.120 folks today. Okay, let's get into. 0:12:24.559 --> 0:12:27.120 Let's get into what people are going to get out 0:12:27.160 --> 0:12:27.640 of this book. 0:12:27.720 --> 0:12:27.960 Yeah. 0:12:27.960 --> 0:12:29.880 So I actually went to ge God with Money dot 0:12:29.880 --> 0:12:33.840 com and I took the financial Wholeness checklist quiz that 0:12:33.840 --> 0:12:35.560 we're going to quiz a quiz. 0:12:35.240 --> 0:12:36.800 And if you want to take the quiz, you can. 0:12:37.000 --> 0:12:40.439 You can go to gg WM. That stands for Get 0:12:40.440 --> 0:12:43.679 Good with Money, so ggwmquiz dot com. So if you 0:12:43.679 --> 0:12:45.240 want to take the quiz that me and Mandy are 0:12:45.240 --> 0:12:47.040 about to talk about, you can go and take the quiz. 0:12:47.080 --> 0:12:49.760 It's like two minutes, you get your results, you get 0:12:49.760 --> 0:12:51.720 your life, and then I send you like a checklist 0:12:52.000 --> 0:12:53.480 like via email to keep with you. 0:12:54.320 --> 0:12:54.880 I love that. 0:12:54.960 --> 0:12:57.560 Okay, So I actually did the checklist to see how 0:12:57.600 --> 0:13:00.400 financially whole am I and I thought for sure like 0:13:00.520 --> 0:13:03.040 I've been talking to you for over five years once 0:13:03.080 --> 0:13:06.080 a week, I should definitely be one hundred percent financially whole, 0:13:06.160 --> 0:13:09.120 but I'm only eighty percent whole. Okay, that's not only 0:13:09.160 --> 0:13:12.960 First of all, that's great, only eighty percent and it 0:13:13.120 --> 0:13:15.440 might be more like seventy five, but I give over four. 0:13:15.559 --> 0:13:18.080 I give myself a full check. 0:13:18.640 --> 0:13:20.680 But let's walk through. We'll walk through each of these 0:13:20.720 --> 0:13:23.040 and then I will reveal where I am falling short. 0:13:23.080 --> 0:13:27.280 But the basics right budget building. So with budget building, 0:13:27.320 --> 0:13:29.040 what are we talking about here? And how in the 0:13:29.080 --> 0:13:31.800 book does the wholeness checklist sort of play into the 0:13:31.840 --> 0:13:33.079 overall message in the book. 0:13:33.720 --> 0:13:38.080 So in the book I really lean into not just 0:13:38.120 --> 0:13:40.520 like you know what you're missing, you know, but like 0:13:40.880 --> 0:13:42.360 how do you fix it? How do you get there? 0:13:42.880 --> 0:13:44.360 And so I want it to be clear like for 0:13:44.440 --> 0:13:47.200 budget building, like it literally says like I have a 0:13:47.320 --> 0:13:51.200 written and at least partially automated like transfer savings bills, 0:13:51.240 --> 0:13:56.040 et cetera personal budget, and you have the necessary checking 0:13:56.160 --> 0:13:58.800 and savings accounts to support my budget. That part is 0:13:58.800 --> 0:14:01.160 really important because you ask people do you have a budget? 0:14:01.240 --> 0:14:01.440 Yes? 0:14:01.559 --> 0:14:04.599 Do you have? Is it written? Is it partially automated 0:14:05.240 --> 0:14:05.520 is it? 0:14:05.720 --> 0:14:05.960 You know? 0:14:06.080 --> 0:14:08.199 Do you have do you have the appropriate appropriate amount 0:14:08.280 --> 0:14:11.199 of bank accounts? Okay? Sis? And you don't really fully 0:14:11.920 --> 0:14:15.680 have a budget that's sustainable. And so the book teaches 0:14:15.720 --> 0:14:20.120 you how to create this sustainable at least partially automated budget, 0:14:20.480 --> 0:14:23.600 you know, because you know, like I said, people don't 0:14:23.640 --> 0:14:26.640 really know what they don't know when it comes to like, 0:14:26.720 --> 0:14:28.840 so what should my budget really look like? So that's 0:14:28.840 --> 0:14:30.360 what you learn in the book. But I'm assuming that's 0:14:30.360 --> 0:14:31.440 what you got to check on. 0:14:31.480 --> 0:14:32.600 That you got that I gotta check. 0:14:32.800 --> 0:14:35.400 And my favorite part of my budget is the fact 0:14:35.440 --> 0:14:36.960 that I only had to do it once and then 0:14:37.000 --> 0:14:40.080 I just automatically, Yes, like when I get my paycheck 0:14:40.160 --> 0:14:43.520 or any income, I have automatic transfers going where they 0:14:43.560 --> 0:14:45.040 need to go, so that when I look at my 0:14:45.080 --> 0:14:47.880 checking account, it's just money that I know I can spend, 0:14:48.120 --> 0:14:50.880 which is my favorite way to budget because I don't 0:14:50.920 --> 0:14:52.480 like spreadsheets. 0:14:51.800 --> 0:14:52.440 All that much. 0:14:52.760 --> 0:14:55.920 Okay, but number two new to budget, so save like 0:14:55.960 --> 0:14:58.000 a squirrel, which I love this. I just picture a 0:14:58.000 --> 0:14:59.440 squirrel eatings and ramen. 0:14:59.680 --> 0:15:00.680 And it's fine. 0:15:01.040 --> 0:15:03.960 But maybe a noodle budget got a beating this year. 0:15:04.760 --> 0:15:07.760 This past year, noodle budgets have been beat. But you're 0:15:07.840 --> 0:15:10.640 very specific about saying not just saving for three months 0:15:10.640 --> 0:15:14.320 of necessary expenses I eat your noodle budget, but doing 0:15:14.320 --> 0:15:16.360 it in an online only savings account. 0:15:16.400 --> 0:15:18.480 Why online only in particular. 0:15:18.320 --> 0:15:23.600 Well, because when your savings is next to your your 0:15:23.640 --> 0:15:25.800 regular checking at your brick and mortar bank, it's so 0:15:25.880 --> 0:15:27.840 easy to make that transfer, and it makes your money 0:15:27.920 --> 0:15:31.400 too convenient that an online only savings account one you 0:15:31.400 --> 0:15:34.080 get higher interests typically, I mean, you know, we know, 0:15:34.240 --> 0:15:36.400 like interest rates are not the greatest right now for 0:15:36.440 --> 0:15:40.720 savings accounts, but most importantly, it makes your money inconvenient. 0:15:41.400 --> 0:15:45.280 If you were at Target, everybody's safe and you're like, oh, Target, 0:15:45.360 --> 0:15:46.960 I want this blender even though I have a blender, 0:15:47.000 --> 0:15:50.560 but this blender is a red blender, and you're like, okay, 0:15:50.800 --> 0:15:54.680 checking accounts assists, you know we're empty. Stop your saving, says, 0:15:54.680 --> 0:15:56.800 we have money, but we're supposed to be saving for 0:15:57.880 --> 0:16:00.960 I don't know, emergencies or save e for our house. 0:16:01.480 --> 0:16:04.360 If your savings account is with your checking at the 0:16:04.400 --> 0:16:07.000 same bank, that transfer is going to take seconds. If 0:16:07.000 --> 0:16:10.040 it's at an online only bank, you're looking at minimum 0:16:10.080 --> 0:16:13.640 twenty four hours the next day, sometimes up to seventy 0:16:13.640 --> 0:16:16.840 two hours, depending if there's a holiday or whatever. So 0:16:17.240 --> 0:16:21.040 online only savings makes your money inconvenient, and inconvenient money. 0:16:20.880 --> 0:16:24.080 Get saved absolutely. I got to check for that hut. 0:16:24.920 --> 0:16:27.640 Digging out of debt number three. So you're either debt 0:16:27.720 --> 0:16:30.960 free or you have a clear picture of what and 0:16:31.000 --> 0:16:34.120 who you owe the money too. And not only that, 0:16:34.200 --> 0:16:36.880 but you've written down the components of each debt, like 0:16:36.960 --> 0:16:40.200 how much you owe interest rates. I love how you 0:16:40.720 --> 0:16:42.800 the first part of this one you think, oh, yeah, 0:16:42.800 --> 0:16:45.080 I'm debt free, but then you're like, that's not all. 0:16:44.960 --> 0:16:46.840 I'm gonna be like, do you have a written down? 0:16:46.880 --> 0:16:47.320 Do you know this? 0:16:47.400 --> 0:16:47.840 Do you know that? 0:16:47.880 --> 0:16:51.560 And you're like, yeah, no, yes, yeah. So I've also ooh, 0:16:51.600 --> 0:16:52.280 this is another one. 0:16:52.320 --> 0:16:54.000 So not just that you you know you're digging out 0:16:54.000 --> 0:16:56.400 of debt, but also you've identified and use a debt 0:16:56.440 --> 0:17:00.800 paydown plan or online bill tool through your bank to 0:17:00.920 --> 0:17:04.200 automate your payments. I did get a check for this 0:17:04.280 --> 0:17:06.080 because all I have is my mortgage. 0:17:06.359 --> 0:17:08.680 Good. And so here's the thing, Like, so first time 0:17:08.680 --> 0:17:11.280 people debt free, that's great, but if you're not debt free, 0:17:11.320 --> 0:17:14.440 you still can check this off. If you have you 0:17:14.600 --> 0:17:16.920 are on you have a plan, and I show you 0:17:17.040 --> 0:17:21.680 multiple types of plans, like you can use the snowball 0:17:21.720 --> 0:17:24.440 method the avalanche method. I like the mix of the two. 0:17:25.000 --> 0:17:27.120 But I even have this debt sheet in the book 0:17:27.119 --> 0:17:28.280 that I give you in the back of the book. 0:17:28.320 --> 0:17:31.240 But also the book comes with this toolkit that's available 0:17:31.320 --> 0:17:34.080 at gig gods money dot com alongside the book, and 0:17:34.160 --> 0:17:37.560 so I you know, I give you the template and 0:17:37.600 --> 0:17:39.959 the resources to lay out your debt so you can 0:17:40.000 --> 0:17:42.280 see them. And as long as you have a plan 0:17:42.400 --> 0:17:44.719 to pay them off, and that plan is semi automated, 0:17:45.040 --> 0:17:47.680 then you can check this off. I don't like when 0:17:48.000 --> 0:17:49.520 it's like you can't check it off because I'm not 0:17:49.560 --> 0:17:52.400 debt free. Well, sis, I have a mortgage. IM I'm 0:17:52.400 --> 0:17:55.520 not not gonna check off this part because you know 0:17:55.800 --> 0:17:57.960 thirty years from now, you know that's when of my 0:17:58.000 --> 0:17:59.760 mortgage will be paid off. I'm like, no, as long 0:17:59.760 --> 0:18:01.359 as you have a plan in place and a clear 0:18:01.400 --> 0:18:04.280 picture of your debt, you can check this off as yep. 0:18:04.520 --> 0:18:06.399 So now, Mandy, I see, okay, you're at thirty percent, 0:18:06.440 --> 0:18:09.679 You've got your budget savings and your your you at 0:18:09.760 --> 0:18:10.560 least have a debt. 0:18:10.359 --> 0:18:15.160 Plan, yes, and next one score high credit. So making 0:18:15.200 --> 0:18:17.480 sure you have you know where to get So you've 0:18:17.480 --> 0:18:19.960 requested and received a copy of your free Fyco credit 0:18:20.000 --> 0:18:22.440 report and your score, which you can get a free 0:18:22.480 --> 0:18:25.280 credit score from just about anywhere these days, right, and 0:18:25.320 --> 0:18:27.840 that you have at least a seven forty. Why seven 0:18:27.920 --> 0:18:29.120 forty FIGHTO credit score? 0:18:29.119 --> 0:18:30.200 Why is that so important? 0:18:30.560 --> 0:18:33.440 Well, seven forty is the beginning of what's called typically 0:18:33.600 --> 0:18:36.439 perfect credit, right, So it's not I mean eight. Well, 0:18:36.480 --> 0:18:37.960 when it comes to FICO, we know the lowest is 0:18:38.000 --> 0:18:41.359 three hundred, highs is a fifty, But seven forty is 0:18:41.400 --> 0:18:45.360 the beginning of when you can get the best interest rate. 0:18:45.440 --> 0:18:47.920 Like when you go for a mortgage, the literally the 0:18:47.960 --> 0:18:49.960 banker will ask you do you have a seven forty 0:18:50.000 --> 0:18:53.320 or better, because that's the number that you start to 0:18:53.320 --> 0:18:55.159 get like, oh okay, well then you qualify for the 0:18:55.200 --> 0:18:58.600 best interest rate. Anything below then, you know, doesn't mean 0:18:58.600 --> 0:19:00.520 you won't get a good interest rate. You won't get 0:19:00.520 --> 0:19:02.879 the best that's out there. So I tell people instead 0:19:02.920 --> 0:19:05.440 of trying to stretch and reach for an eight to fifty, 0:19:05.480 --> 0:19:08.840 which is great, but guess what, typically my seven forty 0:19:09.000 --> 0:19:11.320