Speaker 1: It's time for the b a q a A, the
Speaker 1: b a q a with Tiffany, the b a q
Speaker 1: eight with Mandad, but she ain't here today, the b a.
Speaker 2: Q a with Victory. A le b a qa a.
Speaker 2: We have a.
Speaker 1: Guest in the Steal. Her name is Victory ban Wo
Speaker 1: and so Victory is I don't even know, I mean,
Speaker 1: we an't see if she's a DreamCatcher. She had mant
Speaker 1: what was Victory? But she is going to ask two
Speaker 1: questions of me today. And if you would like to
Speaker 1: be in the stew at any moment in time or
Speaker 1: just have a question answered, you can go to Brindambision
Speaker 1: podcast dot com click click contact us. You can go
Speaker 1: and flyden our dms at Brianambisson podcast on IG the
Speaker 1: BA podcast on Twitter, Brianambisionpodcasts at gmail dot com. Yeah,
Speaker 1: all those ways you could be like Victory in the Steal.
Speaker 1: Welcome Victory. How are you hi, Tiffany.
Speaker 2: I'm good.
Speaker 3: I'm actually a mentee. So that's that's where I'm from.
Speaker 3: I'm from the Patroon community. And it's been such an
Speaker 3: awesome I think it's already almost a year since you know,
Speaker 3: you started mentoring us.
Speaker 2: So it's been awesome.
Speaker 1: Yes, So she's part of my mentor Tiffany dot com.
Speaker 2: That's awesome.
Speaker 1: So most of y'all know me as the Budginista obviously
Speaker 1: personal finance.
Speaker 2: But I've been in the business for over fifty years.
Speaker 1: I mean fifty yeah, right, girl, I've been in business
Speaker 1: for fifteen years, and I've made about fifty million dollars
Speaker 1: about give or take in business. I mean, I've got
Speaker 1: a New York Time bestseller award winning podcast. Just like
Speaker 1: there's so many things in business that I've done online, school,
Speaker 1: I've had a marketing company. Just so many things that
Speaker 1: I've done in business. And I get the request of
Speaker 1: mentorship all the time. And I already have like ten
Speaker 1: to fifteen, like in person mentees that I talked to
Speaker 1: on the phone or see in person.
Speaker 2: But the request just can't pouring in.
Speaker 1: So I said, well, let me see what it would
Speaker 1: look like to maybe mentor people digitally. And so I
Speaker 1: started my mentor Tifnany dot com and Victory joined and
Speaker 1: so now she's here. So Victory, now you get to
Speaker 1: ask me a question up close and in personal, and
Speaker 1: so I'm close and personal. If you want to be
Speaker 1: a mentee, it's just my mentor tifnany dot com and
Speaker 1: you can join us all over there. It's twenty bucks
Speaker 1: a month. I mean, at least while I'm recording this.
Speaker 1: Who knows what to be about the time you listen
Speaker 1: to it. But all right, Victory, what's your first question?
Speaker 3: Yes, so my question, really, Tiffany, is how do I
Speaker 3: structure my budget? You know, you talk about personal finance
Speaker 3: a lot, and I really a lot of the things
Speaker 3: that you suggested are very helpful, and even from the book,
Speaker 3: structured my budget. But my question now is for somebody
Speaker 3: who's starting a business, how do I make my dollars
Speaker 3: stretched to where I'm able to cover my bills, meet
Speaker 3: my personal financial goals, but then also fund a business.
Speaker 3: I don't necessarily want to get a VC or an investor.
Speaker 3: I want to fund a business myself. But I'm trying
Speaker 3: to figure out how to structure my budget in such
Speaker 3: a way that I make my money stretch.
Speaker 2: If that even go ahead, I'm sorry, or even one?
Speaker 2: Or is it I guess?
Speaker 3: Is it too Is it reaching too for too much
Speaker 3: to say, Hey, I want to reach my personal financial
Speaker 3: goals and also invest in the business. Do I have
Speaker 3: to pick one? Or you know, how what do you suggest.
Speaker 2: Well, victory, I'll say that one you don't. I want
Speaker 2: you to be a business.
Speaker 1: To be a really good business owner founder, you have
Speaker 1: to learn to be super flexible. So one it might
Speaker 1: look like in the beginning, you're not one hundred percent entrepreneur,
Speaker 1: like I wasn't in the beginning. I started the budgetiesta,
Speaker 1: which was making me zero point zero or zero dollars.
Speaker 1: But I was babysitting, I was tutoring, I was doing
Speaker 1: all this other stuff. I had unemployments at the time,
Speaker 1: I'd lost my job, and that's really how I was
Speaker 1: paying bills. The business did not pay me anything for
Speaker 1: the first few years. So don't be afraid to have
Speaker 1: other things fund like whether you have like a job,
Speaker 1: like a regular job, and it's funding your business.
Speaker 2: There's nothing wrong with that.
Speaker 1: Like very few businesses make money straight out the gate
Speaker 1: enough to support you, So it's okay not to be
Speaker 1: one hundred percent entrepreneur. You might even have a business
Speaker 1: before the business. So I know a woman her name
Speaker 1: is Arsha. Arsha has this company called Capital DC wait,
Speaker 1: Capital City Mumbo Sauce. It's like a mixed between like
Speaker 1: barbecue sauce and like ketchup. I don't know, it's very
Speaker 1: popular in the DMV, which is DC, Virginia, Maryland area
Speaker 1: mumbo sauce in general. So Arsha knew she wanted to
Speaker 1: do this sauce, but a physical product is very expensive
Speaker 1: to produce, and so what she did was years before
Speaker 1: she was able to launch that, she started a T
Speaker 1: shirt business, which is very print on demand because a
Speaker 1: lot of these companies print full. Someone can order it
Speaker 1: and they won't print it until it's ordered, so they
Speaker 1: don't have any waste, you know. And so she started
Speaker 1: to teach her business called Tea's in the Trap, and
Speaker 1: so that business required next to no overhead. She just
Speaker 1: had to figure out whatever her designs were and people
Speaker 1: would buy the t shirt, the place would printed and
Speaker 1: mail it for her and she would get money. And
Speaker 1: so she stacked up on that money and that easier business,
Speaker 1: so then she was able to fund the business.
Speaker 2: That really needed money. Does that make sense? So the
Speaker 2: Budgetista has done that too.
Speaker 1: So the Budgetista was the business of Tiffany, right, So
Speaker 1: that's like speaking engagement that doesn't really cost me anything.
Speaker 1: That's like I've done, like a spokesperson work that doesn't
Speaker 1: cost me anything. So when I launched a literature academy,
Speaker 1: it cost me a lot of money because I had
Speaker 1: to get the platform, I had to pay the instructors.
Speaker 1: I could not have launched the academy from the gate.
Speaker 1: I did the Budgetista for the first five or six years,
Speaker 1: and then the Budgetista had enough money to lend this
Speaker 1: new company money. It was like maybe thirty thousand dollars
Speaker 1: of the Budgetista had squirrelled away, gave it to the
Speaker 1: academy to get started, and then the academy over the
Speaker 1: year or two paid it back to Budgetista. So you
Speaker 1: can sell fund through like a business. Before the business,
Speaker 1: you could sell fund through just working uber, you know,
Speaker 1: like all these other things. You know, so you want
Speaker 1: to get really creative and flexible about how you fund
Speaker 1: the business if you don't want to take because I
Speaker 1: don't have any outside investments, I don't have any loans,
Speaker 1: any debt. Now I'm not saying you don't you shouldn't
Speaker 1: do those things. I'm just saying since what you're saying
Speaker 1: victory sounds like you don't want to do those things.
Speaker 1: So that's how it's a flower path to do. You
Speaker 1: know that way. But it's to me, it allows us
Speaker 1: to sustain because I don't owe anybody any money and
Speaker 1: I don't have any debt and I own all of
Speaker 1: my businesses one hundred percent.
Speaker 3: Right, And that makes a lot of sense because I've
Speaker 3: also done different side hustles if you will, just to
Speaker 3: you know, have some extra income. But it sounds like
Speaker 3: if I'm more what you're saying is if I'm being
Speaker 3: more intentional about saying, hey, I'm going to do this
Speaker 3: side hustle to particularly put gather that capital for the
Speaker 3: business versus having to maybe go for outside funding or
Speaker 3: take out a loan or do something like that exactly.
Speaker 1: And I'm not saying you shouldn't take that a loan.
Speaker 1: I'm saying that, you know, you want to be mindful that, like,
Speaker 1: if I take out this loan, there are terms. So
Speaker 1: the terms are you know, you have to pay it
Speaker 1: back with it a certain amount of time, where like
Speaker 1: do I think the business will be up and running?
Speaker 1: I liked for me, I called the bank of Budgetista.
Speaker 1: So I'm like, because she's a lot more lenient and
Speaker 1: because in case I don't have the money to pay
Speaker 1: back just yet, She's like, all right, girl, you got
Speaker 1: one more year, you know.
Speaker 2: And so I.
Speaker 1: Built a business where the overhead was low, you know,
Speaker 1: the cost to start it was low, so I can
Speaker 1: make money so I can do other things. So if
Speaker 1: I ever wanted to launch another business, I probably would
Speaker 1: do it again. I would just go to the budginista
Speaker 1: and say, hey, girl, can you lend me money to
Speaker 1: start this other thing? And I'll pay you back.
Speaker 3: That is smart, That is smart. You have me thinking now,
Speaker 3: I'm thinking what about ideas or what I can do
Speaker 3: to the business before the business, just you know, brainstorming.
Speaker 1: We're actually going to take a quick break and then
Speaker 1: we're going to take your second question.
Speaker 2: Because you got me.
Speaker 1: Girl over, we're here, so take a quick break. When
Speaker 1: to pay some bills and we be back with Victory.
Speaker 1: She's in the stew Victory is one of my mentees
Speaker 1: from my mentor Tiffany dot Com. She's in the studio
Speaker 1: and we back in one quick second and we're back
Speaker 1: in black and brown ambition with Victory in the still.
Speaker 2: She is here to ask us a I don't know
Speaker 2: whatever question. I have not preheard these questions.
Speaker 1: I like to I like to have my questions on
Speaker 1: the fly, so I'm curious as to Victory's question.
Speaker 2: Go ahead, Victory, the floor is yours. What's your second question?
Speaker 3: So my second question is about traveling. Really, I know
Speaker 3: you've you've talked to some about, you know, some of
Speaker 3: the travels that you've done. And because my business involves
Speaker 3: going to Nigeria and I have to do a lot
Speaker 3: of traveling, So what are some I guess advice or
Speaker 3: tips that you have about how to make the best
Speaker 3: of traveling since I do have to travel internationally a lot,
Speaker 3: and you know those aren't like cheap flights or you know,
Speaker 3: take kids on hotels and things.
Speaker 1: No, this is great, So this is more like a
Speaker 1: budget us to question. So, yes, I do travel a lot.
Speaker 1: So one of the things Victory like for travel, there's
Speaker 1: a new tip I just learned, So I'm gonna put
Speaker 1: a pin in that one. But one is I try
Speaker 1: my best, you know, when it makes sense to be
Speaker 1: loyal to a specific airline because I can't earn points
Speaker 1: in order to then to earn points for free travel,
Speaker 1: you know. And then I also try my best if
Speaker 1: I was gonna buy when I buy my tickets, to
Speaker 1: specifically get a credit card specifically geared toward earning points
Speaker 1: for travel. So Chase makes a good Chase. Venture card
Speaker 1: Capital one has a good one. AMX is pretty good
Speaker 1: for travel, you know, so to earn points. So like
Speaker 1: right now, like for example, I've earned enough point. I
Speaker 1: have an MX Platinum card and I had that for
Speaker 1: my business, you know, and so we put all of
Speaker 1: our business expenses on it. And as a result, I
Speaker 1: have enough points for like a ton of travel, and
Speaker 1: so you want to maximize that, you know, Like if
Speaker 1: you're going to use a credit card, use it for
Speaker 1: it to earn you travel points also too, Like I mean,
Speaker 1: I know you're traveling internationally, but in general, Like right now,
Speaker 1: I'm in a hotel and I try to stay within
Speaker 1: the Bonvoy family that's like Marriotts and things, because you
Speaker 1: earn points there too, so I can earn free nights,
Speaker 1: I can earn free upgrades. So one of the best
Speaker 1: ways to navigate with travel is to to try your
Speaker 1: best to stick to loyalty when it makes sense. If
Speaker 1: the difference is like hundreds and hundreds of dollars in
Speaker 1: tickets or whatever, it might not, but I try to
Speaker 1: be loyal so that way I can get additional points
Speaker 1: toward additional free travel. Something else that I've heard is,
Speaker 1: I don't know if you've ever heard of a have
Speaker 1: you heard of a VPN? So VPNs are these ways
Speaker 1: to log in. So I use it for the first
Speaker 1: time when I went to Bali a year or so back.
Speaker 1: It allows me to look like I'm not in Bali online.
Speaker 1: There's a whole bunch of VPNs, are not too terribly expensive.
Speaker 1: It allows you to log in from whatever country you
Speaker 1: want when you're on your computer. And so I was
Speaker 1: having a hard time logging into my social media in
Speaker 1: Bali because Facebook, Instagram, they all thought that I was
Speaker 1: trying to hack into my own account. So I had
Speaker 1: to get a VPN, which basically is I can't remember
Speaker 1: what it stands for, but it allows me to say,
Speaker 1: even though I'm in Bali, my computer looks like it's
Speaker 1: still in DNA States. And with VPNs, where people used
Speaker 1: oftentimes to like like, for example, the Netflix that you
Speaker 1: see in Nigeria is not the Netflix that you'll see
Speaker 1: in the US. So with them, if you're logged in
Speaker 1: under your VPN, you can watch whatever people in Nigeria
Speaker 1: are watching via Netflix. But what's really great about it
Speaker 1: is that there are certain times when you can buy flights.
Speaker 1: You can say if I bought my flight looking like
Speaker 1: I was in Nigeria on the United website, you actually
Speaker 1: might save money. So you can get this VPN and
Speaker 1: say if I bought my flight as if I was
Speaker 1: in France buying my flight from the US to Nigeria.
Speaker 1: So I just saw that hack the other day. I
Speaker 1: was like, Wow, my sister who is actually in Nigeria
Speaker 1: right now. My sister Lisa and my sister Tracy, they're
Speaker 1: in Nigeria right now. That Lisa said she used that
Speaker 1: to save three hundred dollars on her flight. She used
Speaker 1: it to look like I'm going to buy my flight.
Speaker 1: But I'm not going to look like I'm buying my
Speaker 1: flight in America. I'm even though I'm sitting in Jersey City,
Speaker 1: in New Jersey. I'm going to have my VPN and
Speaker 1: say I'm in Nigeria because for whatever reason, the algorithm
Speaker 1: is making the flight less money, you know, by buying
Speaker 1: it like from like as if I'm located in a
Speaker 1: different country. So that's another way to save as well.
Speaker 2: Yes, and then.
Speaker 1: Also too truthfully, there are some really great travel especially
Speaker 1: if you're traveling a lot. Like I like to follow
Speaker 1: travel hackers on social media because sometimes they'll come up
Speaker 1: with it thinking like well, I didn't know that something
Speaker 1: new will have come out, you know, Like whenever I'm
Speaker 1: looking for flights, I always put on my incognito window
Speaker 1: like in Google, because I don't want them.
Speaker 2: To track me. Because every time I go to look
Speaker 2: for a flight, all of a sudden, the price.
Speaker 1: Goes up because they know I'm looking and I'm interested
Speaker 1: and so but these I mean all of these like
Speaker 1: kind of like travel hackers. You know, they'll let you
Speaker 1: know like probably what's the best credit card to use that?
Speaker 1: Like I said that VPN hack was one that was
Speaker 1: really good. You know, there's all of these like travel hacks.
Speaker 1: So if you're traveling a lot, you know, I would
Speaker 1: I would be following some of these people on like
Speaker 1: I know, like the points guy Onika the Traveler, she's
Speaker 1: a black woman who does it. I love to follow
Speaker 1: them because it really helps me figure out like, oh okay,
Speaker 1: I didn't even know that. Heck, I'm gonna try that,
Speaker 1: you know. So that's those are some hacks for you.
Speaker 3: Yeah, those are definitely very helpful. I'm going to try
Speaker 3: the VPN one and see if it makes a difference.
Speaker 2: Yeah, let me know.
Speaker 1: Like I said, my sister Lisa is in n Yer
Speaker 1: right now. She was like, it work, I say, three
Speaker 1: hundred dollars. I was like, whoah, that's great. Well, thank
Speaker 1: you so much for coming on victory. I hope this
Speaker 1: was helpful. Are you enjoying your mentee experience?
Speaker 3: Oh my goodness, yes, yes I am. And I was
Speaker 3: one of the lucky ones. I got in after ten
Speaker 3: bucks a month, and I'm never leaving your stuff with it.
Speaker 2: So I told people they thought I was playing.
Speaker 1: Now it's twenty, which is still a really amazing deal obviously,
Speaker 1: you know, but one day it might be thirty or
Speaker 1: forty or fifty. I mean I have friends who have
Speaker 1: mentorship programs and it's ten thousand dollars for the year,
Speaker 1: you know, twenty thousand and sixty thousand for the end.
Speaker 1: People pay, you know, and I'm not looking to do
Speaker 1: all that, but certainly I'm like, I really enjoy teaching,
Speaker 1: and I don't just enjoy teaching about money. I really
Speaker 1: like to teach about business too, So it's like another
Speaker 1: part of myself that I get to express.
Speaker 2: You never shared where do you live victory.
Speaker 3: I used to live in Dallas, Texas, but I recently
Speaker 3: just moved to Atlanta.
Speaker 2: For a new job.
Speaker 1: Okay, so hopefully i'll be in Atlanta this year sometime,
Speaker 1: you know, and we'll do a mentee meet that will
Speaker 1: you know, we'll all have dinner because that'll be lots
Speaker 1: of fun. But yeah, I really love pouring into you guys.
Speaker 1: I love hearing like all of the you know, the
Speaker 1: success stories, and like, I just feel like the thing
Speaker 1: about business is that you start off at like level one,
Speaker 1: you know, and then over time you That's why I
Speaker 1: said that flexibility is so important.
Speaker 2: That your business will tell.
Speaker 1: You what it needs to grow and to flourish, and
Speaker 1: it's up to you to be flexible to twist and
Speaker 1: turn and add and subtract based upon the feedback you're
Speaker 1: getting from the people you're serving, but also your business too,
Speaker 1: you know, and over time, you know, if you do
Speaker 1: that consistently and you stay consistent and flexible, then you know,
Speaker 1: success is something that is definitely on the horizon. And
Speaker 1: so I hope and wish and know success for you, victory,
Speaker 1: because you're already asking these questions, you're taking steps forward.
Speaker 1: So now I can't wait to hear more about how
Speaker 1: your business flourishes forward.
Speaker 3: Thank you so much. I love ving aments and like
Speaker 3: I said, I'm never leaving. So it is what it is.
Speaker 1: Well, if you want to be a mentee and you're listening,
Speaker 1: you're like, oh, this is I'm part of the BA family,
Speaker 1: but I'm not part of the mente family. Go head
Speaker 1: on over to my mentortifty dot com. For twenty bucks
Speaker 1: a month, you get to jam out with thirty eight
Speaker 1: hundred other amenities. It's largely women, but we do have
Speaker 1: a handful of guys. We don't turn anyone away. It's
Speaker 1: awesome sauce over there. And if you want to be
Speaker 1: on the podcast, you can go to brandnambishonpodcast dot com
Speaker 1: and click contact us if you want me to answer
Speaker 1: a question in the stew or just like read your
Speaker 1: question out loud. Brandimbison Podcasts at gmail dot com and
Speaker 1: brandambishon podcast on ig Sliding the DMS or the BA
Speaker 1: Podcast on Twitter. Okay, until next time, Thank you Victory
Speaker 1: for coming to the stew with us today and I
Speaker 1: will see you Broann and Bishon family another day. Another Dalla, Bye, Victory,
Speaker 1: thank you bye.
Speaker 2: Thanks for having me hey, ba Fam.
Speaker 1: We could not do this show without your support or
Speaker 1: the support of our team behind the scenes.
Speaker 2: The Brown and Vision podcast is produced by Imani Crosby
Speaker 2: and Dennis Stanplinsky is our in house tech guru. I
Speaker 2: am your co host Mandy Woodrif Santos, and we will
Speaker 2: see y'all next week, ba Fam.