WEBVTT - Ep.135 — Essencefest Recap; Bitcoin Woes; Homebuying Tips

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<v Speaker 1>Hey, hey, hey, it's me Tiffany the budgeinistall.

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<v Speaker 2>Hey, guys, it's Mandy Hope. Everyone's having a nice post

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<v Speaker 2>Fourth of July.

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<v Speaker 3>Back at work if you're working.

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<v Speaker 2>And not on vacation somewhere, all right, tell me about

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<v Speaker 2>Essence Fest. I can't wait to hear all about it.

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<v Speaker 4>Oh my goodness, so many people gave me double hugs,

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<v Speaker 4>one for me and one for you.

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<v Speaker 1>And although I did want to take pictures, but I

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<v Speaker 1>mean I took a few, but honestly, it was it

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<v Speaker 1>was just so packed. Somebody literally just posted on Instagram

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<v Speaker 1>the perfect description of Essence Fest.

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<v Speaker 4>It was. They said Essence Fest both too much and

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<v Speaker 4>not enough.

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<v Speaker 1>There were so many pe boom they said that the

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<v Speaker 1>numbers almost doubled everyone even like so whenever you go

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<v Speaker 1>to essence you know obviously you're taking like ubers. All

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<v Speaker 1>the natives were like, yo, We've never in the history

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<v Speaker 1>of all things New Orleans ever seen the crowds like this.

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<v Speaker 4>Wow, Like it was so.

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<v Speaker 1>Bad, Like I had to walk everywhere, like even though

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<v Speaker 1>like typically like you know, they have like a car

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<v Speaker 1>if you're speaking for a brand will pick you up

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<v Speaker 1>and take you to the to the convention Center. No,

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<v Speaker 1>it was just shorter to walk the half a mile.

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<v Speaker 1>Can you imagine like full face sweating in New Orleans? Ea,

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<v Speaker 1>like I'll just walk the half of the Yeah it was, Yeah,

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<v Speaker 1>it was. But at the same time, you know, the

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<v Speaker 1>food was still amazing. People were so great. There was

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<v Speaker 1>no major incident. It was just girls trip, you know.

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<v Speaker 3>The Queen Latifa effect.

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<v Speaker 4>Yeah, for real.

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<v Speaker 1>And but like other than that though, you know, essence

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<v Speaker 1>Fest was was awesome.

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<v Speaker 4>I mean, Mary J.

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<v Speaker 1>Blige, that was my favorite day. I didn't I don't

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<v Speaker 1>usually go to all the concerts. I usually pick one

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<v Speaker 1>day to like kind of hang out, and I went

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<v Speaker 1>Saturday and Mary like just she performed her heart out.

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<v Speaker 3>How is she?

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<v Speaker 2>Remember last year when you came back from Essence Fest

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<v Speaker 2>and you were just like, man, I went to this

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<v Speaker 2>session and act like Mary J. Blige spoke and everyone

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<v Speaker 2>seems so depressed.

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<v Speaker 3>How is she?

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<v Speaker 1>He seems more speisty now, like she was just on

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<v Speaker 1>stage like y'all already know what I'm going through, you know,

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<v Speaker 1>all my business anyway, and I'm happy to be rid

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<v Speaker 1>of him. But now he's trying to take me through

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<v Speaker 1>all this other stuff. But that's Okay, so she's like,

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<v Speaker 1>come out of the whole. My life is the worst too,

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<v Speaker 1>you know what, You're not gonna steal my joy.

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<v Speaker 2>We were like, yes day, well, shout out to her

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<v Speaker 2>for being so transparent about it.

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<v Speaker 1>Yeah, And it was just so funny because she was like,

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<v Speaker 1>y'all know you know what, y'all know my business, so

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<v Speaker 1>let's just do this. And she literally said that, and

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<v Speaker 1>I was like, look at Mary, and so yeah, she

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<v Speaker 1>seemed like in a better space, like definitely I'm going

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<v Speaker 1>through it, but I'm I'm past the worst of it,

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<v Speaker 1>like he's gone, you know. Yeah, so yeah, so, but honestly,

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<v Speaker 1>it was just good times. I have to say, like,

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<v Speaker 1>you know, Normal is just an amazing city. The food

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<v Speaker 1>is amazing, the people are so so so so so nice.

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<v Speaker 1>There's so many things to do and see it Essen inspecially,

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<v Speaker 1>you just can't even take.

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<v Speaker 4>It all in. Yeah, so you know, it's just amazing times.

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<v Speaker 2>What were some of you Did you get to go

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<v Speaker 2>into any sessions or were you like all other stuff?

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<v Speaker 4>Yeah?

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<v Speaker 1>No, I didn't even Like last year, I think the

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<v Speaker 1>major one I really wanted to go to, like I

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<v Speaker 1>wanted to go see Oprah, you know, so because obviously,

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<v Speaker 1>I mean it's Oprah. But no, because Thursday when we landed,

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<v Speaker 1>Thursday's not I call it like the unofficial day. Friday

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<v Speaker 1>I was like working most of the day, and Saturday

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<v Speaker 1>I worked especially most of the day, and honestly, Sunday,

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<v Speaker 1>my sisters and I just wanted to enjoy. So we

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<v Speaker 1>just did the convention center. We went to eat the hotel.

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<v Speaker 1>We were saying in the restaurant in the hotel, it's

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<v Speaker 1>called Old seventy seven. That's the name of the hotel.

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<v Speaker 1>The chef won a James Beard Award, which is like huge,

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<v Speaker 1>you know, and so we wanted to like try it,

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<v Speaker 1>and so we just had like an eating day on Sunday.

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<v Speaker 1>So no, no real like session other than the ones

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<v Speaker 1>that I I, you know, was speaking.

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<v Speaker 2>At where your sister's just running around enjoying.

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<v Speaker 1>Yeah, well a lot this time, you know that my

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<v Speaker 1>sister Tracy especially, she wanted to kind of come and

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<v Speaker 1>see like what it looked like behind the scenes, so,

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<v Speaker 1>you know, because you it's different, you know, and I

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<v Speaker 1>can honestly I'm not. I have not gone to Essence

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<v Speaker 1>Best where I wasn't a speaker, so she definitely said

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<v Speaker 1>it was a different experience because last year they did

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<v Speaker 1>a lot more kind of like touristy stuff and this year,

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<v Speaker 1>you know, when you're a speaker.

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<v Speaker 4>They're like, go to this room, put on this mic.

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<v Speaker 4>Are you ready? Go ahead?

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<v Speaker 1>He's just you know, so it's She's like, it was fun,

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<v Speaker 1>but it's just a different experience.

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<v Speaker 4>So but they said they really enjoyed themselves.

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<v Speaker 2>What were some of the panels that you did, Like,

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<v Speaker 2>what were what were some of the most interesting things

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<v Speaker 2>people said on the panels you did well?

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<v Speaker 4>I did. Probably my favorite panel was for Ford on Saturday.

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<v Speaker 4>I did.

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<v Speaker 1>They really have this big push for black women entrepreneurs

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<v Speaker 1>right now at Ford, and they did a pitch contest

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<v Speaker 1>where some really dope women who had in the amazing

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<v Speaker 1>businesses they pitched to me, which I was like, this

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<v Speaker 1>is fun, and so I have to kind of whittle

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<v Speaker 1>them down until three finalists and then the Dreamcatchers and

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<v Speaker 1>y'all will see it too, and you guys will get

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<v Speaker 1>to vote and the winner will win a two year

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<v Speaker 1>least for Ford Explorer to use toward growing their business.

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<v Speaker 1>And so that was really fun just to see people's

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<v Speaker 1>pitches and be like, oh, like it's hard, it's hard

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<v Speaker 1>because Ford is one of the major major sponsors. So

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<v Speaker 1>there's like four I think like McDonald's, Coca Cola, and Walmart,

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<v Speaker 1>and so they're like the four major sponsors. So they

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<v Speaker 1>had huge stages in the convention center. So you like

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<v Speaker 1>we were sitting on the main main stage where like

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<v Speaker 1>hundreds and hundreds and hundreds people are watching. So it

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<v Speaker 1>was definitely nerve wracking, and I was like, oh, better

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<v Speaker 1>y'all than me, because I'd be nervous too.

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<v Speaker 4>But they all rocked out and so that was probably

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<v Speaker 4>the funnest.

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<v Speaker 3>And what business can you talk about? The businesses? Like

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<v Speaker 3>what some of them?

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<v Speaker 1>Yeah, So there's one that you guys might know called.

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<v Speaker 1>Her name is Arsha Jones. She has a business called

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<v Speaker 1>Capital City where she makes something called Mumbo Sauce.

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<v Speaker 4>Are you familiar? Mandy was like, what mumbo sauce is?

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<v Speaker 4>It's like it's like a yeah, so it's like a

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<v Speaker 4>DC kind of like Maryland kind of Like I don't

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<v Speaker 4>do you know the taste of it. I don't think

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<v Speaker 4>I've ever had it. I've heard it's like a like

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<v Speaker 4>a tangy barbecue slash. It's a specific sauce in that region.

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<v Speaker 2>Right, But I've never tried it before, but I've heard

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<v Speaker 2>of it.

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<v Speaker 3>I wonderful has Old Day in it.

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<v Speaker 2>It's from Maryland, Maryland, yes, right, but.

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<v Speaker 1>It's very like if you're from that area, you know

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<v Speaker 1>Mumbo sauce. But she's the first person to to make it,

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<v Speaker 1>to like make it into like a business. So she

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<v Speaker 1>bottled it, created her own version of it. And I

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<v Speaker 1>mean it's like in like all of these stores. I

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<v Speaker 1>believe it's in like Target. She's like in big box stores.

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<v Speaker 1>So she owns like some crazy sized warehouse. She like

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<v Speaker 1>you know, ships and bottles her her mumbo sauce. So

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<v Speaker 1>it was just a dope business. I was like, why

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<v Speaker 1>is she pitching to me? I need to be sitting

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<v Speaker 1>here pitching her. But that was a dope one. There's

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<v Speaker 1>a young woman named Lola who owns Lola International, I

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<v Speaker 1>believe makeup, so she does celebrity makeup.

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<v Speaker 4>She did mine that day. She was awesome. There was

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<v Speaker 4>another woman which I love her.

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<v Speaker 1>Her business is called Sanai Apple Sauce, so she I

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<v Speaker 1>guess after doing some research, she found that apple sauce

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<v Speaker 1>is actually really really healthy, but that adults tend to

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<v Speaker 1>think of apple sauce as like a kid treat. So

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<v Speaker 1>she wanted to change it that by creating like an

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<v Speaker 1>adult apple sauce, where like the packaging was adult, it

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<v Speaker 1>was really healthy for you, all fresh ingredients. So that

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<v Speaker 1>was really nice. And then there was a like one

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<v Speaker 1>in particular called the honey Pot, which I thought was

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<v Speaker 1>dope black woman who who found out she had I

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<v Speaker 1>think bacterial baginosis or something was suffered for it for

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<v Speaker 1>a while, only to find out that like you know,

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<v Speaker 1>that she could have through like special herbs or whatever,

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<v Speaker 1>that you could basically like you know, vaginal health. And

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<v Speaker 1>so she created a business to help women, especially women

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<v Speaker 1>of color, take care of our you know, our vaginas

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<v Speaker 1>I said, vaginals.

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<v Speaker 2>I love that you had to say the word vagina

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<v Speaker 2>like six times in the thirty second period.

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<v Speaker 3>That was impressive. Vaginal girl, Clean badge Club. That's awesome.

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<v Speaker 3>So you can your vaginal health things that you what

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<v Speaker 3>is So what does she sell?

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<v Speaker 2>Like?

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<v Speaker 4>It's like, uh, you.

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<v Speaker 1>Know what I mean, it's literally I know honestly, I

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<v Speaker 1>was like, you know what, more power to her because

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<v Speaker 1>you know, to get up on stage and to share like,

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<v Speaker 1>oh hey, I had vaginosis by the way, you know,

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<v Speaker 1>Like so she sounds like she's it's like this. I

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<v Speaker 1>don't I'm looking at it now. It's like it looks

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<v Speaker 1>like this pump where I guess she's wipes, feminine plant

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<v Speaker 1>based care, herbal infused pads with wings.

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<v Speaker 4>Oh wow, Okay, I don't know she sold pads. Look,

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<v Speaker 4>give me was I paying attention? So she it looks

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<v Speaker 4>like she sells kind of like.

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<v Speaker 1>Things to you know, clean your vagina as well as

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<v Speaker 1>like pads to make sure that you know you are

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<v Speaker 1>protecting yourself because a lot of times I never heard that. Well,

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<v Speaker 1>I guess I kind of knew that sometimes there's like

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<v Speaker 1>a lot of unsafe levels of chemicals and those pads

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<v Speaker 1>and your vaginas you know, it is an opening and

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<v Speaker 1>so like you know, these these chemicals can can easily

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<v Speaker 1>creep up inside and make for an unhealthy vagina.

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<v Speaker 2>Yes, vagina. We could do a whole vagina episode.

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<v Speaker 3>I love.

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<v Speaker 2>I'm loving where this conversation is going. I could talk

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<v Speaker 2>about vaginal health like all day air day.

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<v Speaker 1>I know, And honestly, I was like, should I be

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<v Speaker 1>Simon Carroll? Like should I be prola Abdul? Should I

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<v Speaker 1>be Randy?

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<v Speaker 4>You know?

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<v Speaker 1>But no, honestly, it was all fun and honestly, everybody

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<v Speaker 1>rocked out.

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<v Speaker 4>So it was more so like me just giving like

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<v Speaker 4>positive feedback.

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<v Speaker 1>Like Ooh, I love how you you know, shared, how

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<v Speaker 1>you use forward to you know, take your business to

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<v Speaker 1>the next level, or I love that you know so

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<v Speaker 1>many of the women. I just love women because so

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<v Speaker 1>many of them, like their businesses were based in service,

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<v Speaker 1>and if it wasn't naturally inclined to be based in service,

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<v Speaker 1>they had somehow we've serviced into their business. And I

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<v Speaker 1>was like, you guys are just amazing, you know. So yeah,

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<v Speaker 1>it was just a really great time.

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<v Speaker 2>Meanwhile, in the rest of the world, what's happening? So

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<v Speaker 2>two things I noticed. One it's like businesses are getting

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<v Speaker 2>rid of straws. Have you noticed this, like the summer

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<v Speaker 2>when everyone realized how horrible straws offer the environment, and

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<v Speaker 2>they're like all Starbucks just announced they're getting rid of

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<v Speaker 2>their plastic straws by twenty twenty. Yeah, and in place

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<v Speaker 2>of it, they're creating an adult sippy cup, which is

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<v Speaker 2>like just imagine like I don't know, they're calling it

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<v Speaker 2>a sippy cup, probably just for the headlines, but I

0:10:52.480 --> 0:10:54.800
<v Speaker 2>think it's more like it's probably gonna be like kind

0:10:54.840 --> 0:10:57.520
<v Speaker 2>of the lids with like a raised opening like you

0:10:57.520 --> 0:11:00.240
<v Speaker 2>get on a coffee cup or something, a disposable coffee up.

0:11:00.880 --> 0:11:02.160
<v Speaker 3>Okay, I don't know.

0:11:02.240 --> 0:11:05.120
<v Speaker 2>I went to I went to this resort and they

0:11:05.160 --> 0:11:07.160
<v Speaker 2>were anti straw. You had to beg for a straw

0:11:07.200 --> 0:11:08.760
<v Speaker 2>to get one there, and if you did, it would

0:11:08.760 --> 0:11:12.040
<v Speaker 2>be like the paper kind of straws. So that's cool

0:11:12.080 --> 0:11:13.920
<v Speaker 2>if you want to be you know, do your part

0:11:13.960 --> 0:11:17.240
<v Speaker 2>for the environment, request no straw when you go to

0:11:17.240 --> 0:11:21.240
<v Speaker 2>a restaurant. And then I guess bitcoin is not doing

0:11:21.280 --> 0:11:23.920
<v Speaker 2>too hot because now I'm starting to see bitcoin headlines again.

0:11:25.400 --> 0:11:27.600
<v Speaker 2>It's Ben and Wilson's we talked about bitcoin. How is

0:11:27.640 --> 0:11:30.199
<v Speaker 2>your your bitcoin? Don't you have a little stash of

0:11:30.240 --> 0:11:32.440
<v Speaker 2>bitcoin on the side that you were playing with?

0:11:32.440 --> 0:11:35.079
<v Speaker 4>I did. I bought like one hundred dollars worth.

0:11:35.760 --> 0:11:37.640
<v Speaker 1>And then, you know, so even though obviously it wasn't

0:11:37.640 --> 0:11:39.160
<v Speaker 1>gonna like break the bank, I'm not gonna lie.

0:11:39.160 --> 0:11:40.640
<v Speaker 4>I'm I'm a chicken for losing money.

0:11:40.679 --> 0:11:43.320
<v Speaker 1>So after like losing like half of it, I was like,

0:11:43.320 --> 0:11:45.319
<v Speaker 1>you know what, I'll take my fifty thousand run you.

0:11:45.240 --> 0:11:47.400
<v Speaker 2>Know what, your life.

0:11:49.240 --> 0:11:50.760
<v Speaker 4>I couldn't out. I can't take I can't take it.

0:11:50.760 --> 0:11:52.520
<v Speaker 1>I can't take it, so because I wanted to just see,

0:11:52.559 --> 0:11:54.600
<v Speaker 1>like what's all the bust for what I wanted to see, like,

0:11:54.840 --> 0:11:56.280
<v Speaker 1>how do you, like, you know, buy it?

0:11:56.320 --> 0:11:57.640
<v Speaker 4>Is it as easy as people say?

0:11:57.880 --> 0:11:59.440
<v Speaker 1>And I also wanted to see what it is easy

0:11:59.440 --> 0:12:01.720
<v Speaker 1>to get your money and honestly as far as like

0:12:01.720 --> 0:12:03.520
<v Speaker 1>when it was when you sold it, and it was,

0:12:03.960 --> 0:12:07.280
<v Speaker 1>but I was just like, I am a super late adopter.

0:12:07.400 --> 0:12:09.440
<v Speaker 1>So by the time I bought it, it was way

0:12:09.480 --> 0:12:11.040
<v Speaker 1>past its prime and it was like, oh, you should

0:12:11.080 --> 0:12:12.120
<v Speaker 1>have brought me like ten years ago.

0:12:12.280 --> 0:12:15.760
<v Speaker 4>So yeah, I'm a proud bit coin deserter.

0:12:17.559 --> 0:12:17.760
<v Speaker 3>Now.

0:12:17.800 --> 0:12:19.520
<v Speaker 2>It's such a it's such a smart way to learn.

0:12:19.600 --> 0:12:22.040
<v Speaker 2>I learned the exact same thing. I put one hundred

0:12:22.080 --> 0:12:25.000
<v Speaker 2>dollars into this one company that I thought had really good,

0:12:25.200 --> 0:12:26.840
<v Speaker 2>Like I went to this rushaurant all the time, and

0:12:26.880 --> 0:12:28.360
<v Speaker 2>I just have I was like, man, I just want

0:12:28.400 --> 0:12:30.520
<v Speaker 2>to like buy some stock with the robin Hood app.

0:12:30.559 --> 0:12:32.200
<v Speaker 2>So I chose that company. I put one hundred bucks

0:12:32.240 --> 0:12:35.160
<v Speaker 2>in and things were going really well until their next

0:12:35.200 --> 0:12:37.480
<v Speaker 2>quarterly report came out and they announced they were closing

0:12:37.520 --> 0:12:41.360
<v Speaker 2>like twenty stores because they had expanded too rapidly. And

0:12:41.400 --> 0:12:43.440
<v Speaker 2>then the stock I think I've yeah, I think I've

0:12:43.480 --> 0:12:46.560
<v Speaker 2>lost about like forty five of those one hundred dollars

0:12:46.559 --> 0:12:47.559
<v Speaker 2>and I'm sitting here like.

0:12:48.360 --> 0:12:50.240
<v Speaker 3>What do I do now?

0:12:51.400 --> 0:12:53.440
<v Speaker 2>But it's like, also, oh, yeah, this is why I

0:12:53.440 --> 0:12:56.079
<v Speaker 2>don't invest in single stocks.

0:12:56.559 --> 0:12:59.600
<v Speaker 1>Yeah, yeah, honestly I do like Robinhood for that because

0:12:59.600 --> 0:13:02.520
<v Speaker 1>it's a very are you very Like it's kind of

0:13:02.559 --> 0:13:04.440
<v Speaker 1>like safe place to be, like, let me buy this

0:13:04.559 --> 0:13:06.480
<v Speaker 1>one stock and then freak out when I lose my

0:13:06.480 --> 0:13:07.079
<v Speaker 1>two dollars.

0:13:07.320 --> 0:13:09.560
<v Speaker 4>You know. So I did that all the time.

0:13:09.600 --> 0:13:11.400
<v Speaker 1>Like if I get like hot stock tips, I'm like, oh,

0:13:11.679 --> 0:13:13.400
<v Speaker 1>I said, buy this one two dollars stock.

0:13:13.600 --> 0:13:15.800
<v Speaker 4>Oh you know what, No, I knew it. I knew

0:13:15.800 --> 0:13:16.960
<v Speaker 4>it's too much. I can't do this.

0:13:28.200 --> 0:13:31.599
<v Speaker 1>Well, do you want to take some Twitter, Instagram and

0:13:31.800 --> 0:13:34.800
<v Speaker 1>Facebook street headlines see what folks are saying.

0:13:35.360 --> 0:13:37.439
<v Speaker 3>Sure, let's check the twitters.

0:13:38.440 --> 0:13:41.080
<v Speaker 1>You know what I forgot in our last in our

0:13:41.160 --> 0:13:43.559
<v Speaker 1>last episode that we talked about how we met our booze,

0:13:43.720 --> 0:13:47.560
<v Speaker 1>people really love that. I said, Oh, y'all, so nosy,

0:13:48.600 --> 0:13:51.160
<v Speaker 1>I know, I love it, you know, like, so you

0:13:51.160 --> 0:13:54.439
<v Speaker 1>guys really enjoyed that, and so we got some great feedback.

0:13:56.120 --> 0:13:57.000
<v Speaker 4>Let's see Rnell.

0:13:57.120 --> 0:14:01.520
<v Speaker 1>This is in on Twitter rnell profit Her Twitter handle

0:14:01.640 --> 0:14:03.800
<v Speaker 1>is Oh she did that.

0:14:03.920 --> 0:14:06.840
<v Speaker 4>Oh that's cute. Oh she did that? Okay right now.

0:14:06.880 --> 0:14:10.280
<v Speaker 4>She said at to be a podcast episode one thirty four.

0:14:10.440 --> 0:14:12.760
<v Speaker 4>I love how you named it. Loved the story about

0:14:12.800 --> 0:14:16.080
<v Speaker 4>house TIF met Superman all the fiels when she talked

0:14:16.080 --> 0:14:17.480
<v Speaker 4>about the sweet things he does.

0:14:17.920 --> 0:14:21.360
<v Speaker 1>My love language is acts of service, so it spoke volumes.

0:14:21.400 --> 0:14:23.880
<v Speaker 1>I want that too. Oh, dating over forty is a struggle,

0:14:24.160 --> 0:14:24.880
<v Speaker 1>ah are now?

0:14:25.800 --> 0:14:26.040
<v Speaker 4>Yeah?

0:14:26.160 --> 0:14:29.360
<v Speaker 1>Honestly, Like, I mean, you know, I met Superman. We

0:14:29.360 --> 0:14:31.560
<v Speaker 1>started like really dating like mid mid thirties, and that

0:14:31.640 --> 0:14:34.440
<v Speaker 1>was a struggle to a child. So yeah, I mean

0:14:34.480 --> 0:14:36.800
<v Speaker 1>there's no people will tell you, oh, you gotta just

0:14:36.840 --> 0:14:37.800
<v Speaker 1>do this, you gotta just do that.

0:14:37.920 --> 0:14:37.960
<v Speaker 4>No.

0:14:38.080 --> 0:14:39.960
<v Speaker 1>I felt hopeless for a long time, like I wasn't

0:14:39.960 --> 0:14:43.720
<v Speaker 1>gonna find anybody. I just decided to open myself up

0:14:43.800 --> 0:14:47.400
<v Speaker 1>to a to love looking differently than what I kind

0:14:47.400 --> 0:14:50.000
<v Speaker 1>of like, what I kind of identified for myself. And

0:14:50.400 --> 0:14:52.240
<v Speaker 1>as a results, you know, I was able to find

0:14:52.240 --> 0:14:56.480
<v Speaker 1>something different but awesome. Anything you found in these Twitter

0:14:56.560 --> 0:14:59.800
<v Speaker 1>ig or Facebook social streets?

0:15:00.240 --> 0:15:03.520
<v Speaker 3>Yeah, on Twitter or what do you call him?

0:15:03.560 --> 0:15:08.520
<v Speaker 2>Our follower Amby at Amby sweetheart. Her name's Destiny said

0:15:08.520 --> 0:15:10.560
<v Speaker 2>Shout out to the BA podcast for sharing a list

0:15:10.560 --> 0:15:12.680
<v Speaker 2>of the best credit cards for college students because I

0:15:12.760 --> 0:15:17.320
<v Speaker 2>was struggling. Hashtag per hands, hashtag double prayer hands.

0:15:34.600 --> 0:15:35.800
<v Speaker 4>Are you ready to break or boost?

0:15:35.840 --> 0:15:37.800
<v Speaker 1>Because I have actually have a break in a boost

0:15:37.840 --> 0:15:40.840
<v Speaker 1>and I cannot wait to rip into my break, especially.

0:15:41.120 --> 0:15:42.880
<v Speaker 3>I have a break. I'm break.

0:15:44.680 --> 0:15:47.400
<v Speaker 2>I'll go first. Sorry to make you wait to rip

0:15:47.440 --> 0:15:48.840
<v Speaker 2>into your to your break.

0:15:50.400 --> 0:15:53.360
<v Speaker 3>I'm gonna do a break for stitch Fix.

0:15:54.000 --> 0:15:56.000
<v Speaker 2>And I don't mean to call them out, well I do,

0:15:56.120 --> 0:15:58.400
<v Speaker 2>because that's only It's like stitch Fix is one of

0:15:58.440 --> 0:16:02.680
<v Speaker 2>these uh clothes subscription services where you fill out like

0:16:02.720 --> 0:16:05.280
<v Speaker 2>a questionnaire about what you like and your sizes and stuff,

0:16:05.320 --> 0:16:08.200
<v Speaker 2>and you pay twenty dollars a month and they'll send

0:16:08.240 --> 0:16:10.840
<v Speaker 2>you three to five I think three to five items

0:16:10.880 --> 0:16:13.440
<v Speaker 2>in the mail, and if you like them, you keep

0:16:13.480 --> 0:16:14.920
<v Speaker 2>them and you pay for them, and if you don't,

0:16:14.920 --> 0:16:17.240
<v Speaker 2>you return them and they keep that they keep that

0:16:17.280 --> 0:16:19.800
<v Speaker 2>twenty dollars and if you end up paying for them,

0:16:19.840 --> 0:16:22.920
<v Speaker 2>then they put that twenty dollars toward your purchase.

0:16:22.960 --> 0:16:24.840
<v Speaker 3>Basically, and I thought.

0:16:24.640 --> 0:16:27.640
<v Speaker 2>It would be great to take like outsource my shopping

0:16:27.720 --> 0:16:30.920
<v Speaker 2>because I hate going to the to the stores. Like

0:16:31.120 --> 0:16:33.480
<v Speaker 2>I used to be able to spend hours at outlet

0:16:33.520 --> 0:16:35.680
<v Speaker 2>stores and the mall and stuff, and now I just

0:16:36.160 --> 0:16:38.320
<v Speaker 2>I cringe anytime I have to do that.

0:16:39.000 --> 0:16:40.400
<v Speaker 3>So I thought it was a great idea.

0:16:40.240 --> 0:16:42.840
<v Speaker 2>And I gave it like three months. I gave it

0:16:42.880 --> 0:16:45.800
<v Speaker 2>a good try. I found maybe one or two things

0:16:45.800 --> 0:16:48.280
<v Speaker 2>that I liked that I kept. It didn't feel like

0:16:48.280 --> 0:16:51.080
<v Speaker 2>the clothes were different or special or cool or interesting,

0:16:51.160 --> 0:16:54.600
<v Speaker 2>and they like kind of were my style, but kind

0:16:54.600 --> 0:16:57.360
<v Speaker 2>of not. And they kind of they make it so

0:16:57.400 --> 0:16:59.600
<v Speaker 2>that you can tell your stylists because you supposedly get

0:16:59.640 --> 0:16:59.840
<v Speaker 2>a style.

0:17:01.120 --> 0:17:03.440
<v Speaker 4>You know, it was supposedly well.

0:17:03.480 --> 0:17:05.240
<v Speaker 2>It's like, you know, someone sends you a little note

0:17:05.240 --> 0:17:07.439
<v Speaker 2>saying I'm your stylist, and you know whatever. Who knows

0:17:07.480 --> 0:17:09.600
<v Speaker 2>that they're like a bot or what. Maybe they're a

0:17:09.600 --> 0:17:13.120
<v Speaker 2>real person and you give them feedback. But after that

0:17:13.200 --> 0:17:15.399
<v Speaker 2>third time, I'm a little risk averse two and I'm like,

0:17:15.560 --> 0:17:18.760
<v Speaker 2>I don't want to keep paying my twenty dollars. And

0:17:18.800 --> 0:17:21.520
<v Speaker 2>then if you if you don't purchase everything, things are

0:17:21.800 --> 0:17:24.280
<v Speaker 2>I think more expensive than they should be. I always

0:17:24.280 --> 0:17:26.639
<v Speaker 2>felt like I was paying like you would save a

0:17:26.640 --> 0:17:29.199
<v Speaker 2>lot more if you bought everything all at once, but

0:17:29.240 --> 0:17:32.320
<v Speaker 2>then I would be buying stuff that I didn't like. Well,

0:17:32.359 --> 0:17:33.959
<v Speaker 2>you get what you pay for. I guess that's what

0:17:34.000 --> 0:17:35.560
<v Speaker 2>twenty dollars buys me.

0:17:37.720 --> 0:17:42.560
<v Speaker 4>All Right, you're turn, so I'll do my I'll do

0:17:42.600 --> 0:17:45.240
<v Speaker 4>my break first and then a boostsuince that's nice.

0:17:45.280 --> 0:17:50.600
<v Speaker 1>So my break is to Tiffany the budget Nista on Instagram.

0:17:50.680 --> 0:17:54.240
<v Speaker 4>You little scam artists, So not me, Tiffany the budget LISTA.

0:17:54.359 --> 0:17:55.560
<v Speaker 4>So there's actually somebody.

0:17:55.880 --> 0:17:59.960
<v Speaker 1>So my Instagram handle is at the Budgetisa, but there's

0:18:00.080 --> 0:18:04.960
<v Speaker 1>an Instagram handle where their name is literally Tiffany the Budgetista,

0:18:05.000 --> 0:18:07.760
<v Speaker 1>And so they cloned my Instagram page.

0:18:07.760 --> 0:18:09.520
<v Speaker 4>They they took they took my picture.

0:18:10.800 --> 0:18:13.639
<v Speaker 1>And they actually sent like a friend request to like

0:18:13.680 --> 0:18:14.200
<v Speaker 1>all my friends.

0:18:14.200 --> 0:18:16.119
<v Speaker 4>People are like when I say all day today, I

0:18:16.160 --> 0:18:16.760
<v Speaker 4>must have got.

0:18:16.680 --> 0:18:23.120
<v Speaker 1>Like fifty texts, emails, Facebook messages, Instagram messages.

0:18:22.760 --> 0:18:24.560
<v Speaker 4>Hey Tiffany is this you? Hate? Tiffany? Is this you?

0:18:24.600 --> 0:18:26.320
<v Speaker 1>So at first I was like, well, what's their intent

0:18:26.520 --> 0:18:29.000
<v Speaker 1>because they didn't post anything. So they've been in people's

0:18:29.040 --> 0:18:33.480
<v Speaker 1>inboxes with their very terrible English saying like hello, like

0:18:33.520 --> 0:18:35.359
<v Speaker 1>if you're like hey, and then my friend is like hey,

0:18:35.400 --> 0:18:36.560
<v Speaker 1>how you do hate tiv what's up?

0:18:36.560 --> 0:18:36.840
<v Speaker 4>Girl?

0:18:37.160 --> 0:18:40.679
<v Speaker 1>They're like, do you know there is financial programs for

0:18:40.840 --> 0:18:45.600
<v Speaker 1>people with children and parents and women and like the

0:18:45.600 --> 0:18:48.080
<v Speaker 1>English is so terrible, and my friend like because my

0:18:48.080 --> 0:18:49.159
<v Speaker 1>friend took a streen jop, she.

0:18:49.200 --> 0:18:50.960
<v Speaker 4>Was like, girls, like, what the hell is Tiffy talking about.

0:18:51.240 --> 0:18:52.040
<v Speaker 4>I'm like, it's not me.

0:18:52.600 --> 0:18:55.320
<v Speaker 1>So I posted on my my IG page like with

0:18:55.359 --> 0:18:57.840
<v Speaker 1>a screenshot like this is not made to scam, please

0:18:57.880 --> 0:19:00.119
<v Speaker 1>report them. So I already went behind the scenes and

0:19:00.160 --> 0:19:03.320
<v Speaker 1>did like the official IG reporting where you have to

0:19:03.400 --> 0:19:06.320
<v Speaker 1>like take a picture of yourself holding your license, which

0:19:06.400 --> 0:19:08.359
<v Speaker 1>is like so weird, and be like it's me.

0:19:08.560 --> 0:19:10.439
<v Speaker 4>I'm the real Tipany first of.

0:19:10.440 --> 0:19:11.880
<v Speaker 3>All, they spilled budgetista wrong.

0:19:12.320 --> 0:19:13.960
<v Speaker 4>I know an budgety stai.

0:19:14.160 --> 0:19:17.320
<v Speaker 1>I'm like, next time, like my friends, I'm like, honestly,

0:19:17.359 --> 0:19:19.080
<v Speaker 1>I'm gonna want you to think highly more highly of

0:19:19.160 --> 0:19:22.399
<v Speaker 1>me because that's the highest belt budget NISA. But they

0:19:22.400 --> 0:19:25.160
<v Speaker 1>haven't posted anything, but apparently if you're friends with them,

0:19:26.080 --> 0:19:28.240
<v Speaker 1>then they'll send you a message. I don't know what

0:19:28.280 --> 0:19:30.640
<v Speaker 1>they're I mean, I'm assuming they try to scan people

0:19:30.680 --> 0:19:32.920
<v Speaker 1>to sign up for whatever program and take your money

0:19:32.920 --> 0:19:33.880
<v Speaker 1>and then you'll think it to me.

0:19:34.280 --> 0:19:35.960
<v Speaker 4>I'm just hoping that people don't.

0:19:36.000 --> 0:19:38.080
<v Speaker 1>But obviously if my own friends, like literally one of

0:19:38.119 --> 0:19:42.560
<v Speaker 1>my closest like or like tightest friends, I'm like, Dessa really,

0:19:42.560 --> 0:19:44.920
<v Speaker 1>Like I looked at their friends lists, I'm like, really, Dessa,

0:19:45.480 --> 0:19:47.880
<v Speaker 1>the person with no friends and like two friends, it's friends.

0:19:48.119 --> 0:19:52.000
<v Speaker 1>Like with the misspelled budget thea You're like, oh, it's Sippany, hey,

0:19:52.040 --> 0:19:53.320
<v Speaker 1>even though we're friends already on.

0:19:53.280 --> 0:19:55.040
<v Speaker 3>Social just trying to be supportive.

0:19:55.680 --> 0:19:57.840
<v Speaker 1>I know. So what I did was like people who

0:19:57.840 --> 0:19:59.480
<v Speaker 1>I was actually friends was in real life. There's maybe

0:19:59.520 --> 0:20:01.480
<v Speaker 1>like ten of them. I messaged them. I'm like, girl,

0:20:01.640 --> 0:20:03.920
<v Speaker 1>you know that's not me, right, And they're like, oh,

0:20:04.200 --> 0:20:09.560
<v Speaker 1>I was wondering. So yeah, So if you see Tiffany

0:20:09.600 --> 0:20:13.880
<v Speaker 1>the bunch Anista, it's not me. Hopefully by the time

0:20:13.960 --> 0:20:15.280
<v Speaker 1>we tape again, you'll be down.

0:20:15.520 --> 0:20:18.000
<v Speaker 2>I haven't looked at your page in a while. I

0:20:18.080 --> 0:20:20.880
<v Speaker 2>just remember that picture, the throwback you posted on Father's Day.

0:20:20.920 --> 0:20:22.720
<v Speaker 2>Why did you look like you were forty four years

0:20:22.760 --> 0:20:25.959
<v Speaker 2>old when you were like eight years old?

0:20:27.040 --> 0:20:27.680
<v Speaker 4>Wow?

0:20:28.040 --> 0:20:29.360
<v Speaker 3>What is then? It is that outfit?

0:20:29.760 --> 0:20:30.080
<v Speaker 4>Yes?

0:20:30.440 --> 0:20:32.760
<v Speaker 1>Meanwhile, Manny, you could not tell me in that purple

0:20:32.800 --> 0:20:34.520
<v Speaker 1>suit that I was not playing yo?

0:20:34.720 --> 0:20:37.480
<v Speaker 4>That was like mine? You can't tell me nothing in

0:20:37.520 --> 0:20:39.119
<v Speaker 4>this purple suit.

0:20:39.720 --> 0:20:42.080
<v Speaker 1>And meanwhile, like the story behind that suit, and the

0:20:42.119 --> 0:20:43.760
<v Speaker 1>reason where I'm not smiling is that that was my

0:20:43.800 --> 0:20:46.000
<v Speaker 1>first year in public school. Because when I went to

0:20:46.040 --> 0:20:47.919
<v Speaker 1>Catholic school, you got really dressed up for picture day.

0:20:47.960 --> 0:20:51.320
<v Speaker 4>So that was like my Sunday's Best. Meanwhile, for public school,

0:20:51.640 --> 0:20:51.960
<v Speaker 4>you don't.

0:20:52.000 --> 0:20:54.400
<v Speaker 1>You didn't get dressed no, no, no, And so I went

0:20:54.440 --> 0:20:57.800
<v Speaker 1>to school in my Sunday's Best first year sixth grade.

0:20:58.320 --> 0:21:00.360
<v Speaker 4>Yo. When I tell you, the kids were hollering.

0:21:01.040 --> 0:21:04.879
<v Speaker 3>Oh, I'm sorry, and you know it's so crazy.

0:21:04.960 --> 0:21:06.720
<v Speaker 4>Like now I'm a teacher, so I totally get it.

0:21:06.920 --> 0:21:08.639
<v Speaker 1>All the teachers were like, oh, because you know, as

0:21:08.680 --> 0:21:10.199
<v Speaker 1>a teacher, that is so cute that like the one

0:21:10.240 --> 0:21:12.280
<v Speaker 1>little sixth grader got her Sunday's Best on it.

0:21:12.359 --> 0:21:16.360
<v Speaker 4>I had, of course, my grandma pumps on like, oh, that.

0:21:16.400 --> 0:21:18.720
<v Speaker 3>Was the longest day ever, I bet the.

0:21:18.800 --> 0:21:20.240
<v Speaker 4>On top of that, I already had a jerry crow,

0:21:20.240 --> 0:21:22.399
<v Speaker 4>which was not the style. So I just had a

0:21:22.400 --> 0:21:23.919
<v Speaker 4>lot going on. It was a bad thing. And so

0:21:24.000 --> 0:21:26.080
<v Speaker 4>that picture I'm literally looking at the camera like take

0:21:26.119 --> 0:21:32.320
<v Speaker 4>the camp pictures. I literally ran home from school. My

0:21:32.359 --> 0:21:34.960
<v Speaker 4>mother was like, I don't care what those kids were wearing.

0:21:35.160 --> 0:21:36.919
<v Speaker 4>I'm not paying for pictures of you and jeans. I

0:21:37.000 --> 0:21:38.720
<v Speaker 4>was like, I can't do it. I don't want to

0:21:38.720 --> 0:21:39.320
<v Speaker 4>go back to school to.

0:21:41.560 --> 0:21:42.320
<v Speaker 2>Child like that.

0:21:43.600 --> 0:21:46.080
<v Speaker 1>So that was my break, which is Tiffany the Bunch

0:21:46.119 --> 0:21:49.280
<v Speaker 1>of Lisa on like I said, not that's my name

0:21:49.320 --> 0:21:51.439
<v Speaker 1>on Insta, but it's not my Instagram name. My Instagram

0:21:51.520 --> 0:21:52.800
<v Speaker 1>name is at the Bunch of Essa, So don't go

0:21:52.840 --> 0:21:54.600
<v Speaker 1>cuss me out like at the Bunche of Lisa.

0:21:54.640 --> 0:21:55.920
<v Speaker 4>But you can go cuss them out.

0:21:56.440 --> 0:22:00.359
<v Speaker 1>But my boost is so when I was there at

0:22:01.320 --> 0:22:03.480
<v Speaker 1>at Essence past sometimes you know, like I work from home,

0:22:03.520 --> 0:22:06.280
<v Speaker 1>so I don't necessarily get to see like people's reaction.

0:22:06.680 --> 0:22:10.159
<v Speaker 4>So you remember the show Living Single, Yeah.

0:22:09.880 --> 0:22:12.200
<v Speaker 2>I watched this whole weekend. I watched like the last

0:22:12.200 --> 0:22:12.800
<v Speaker 2>season again.

0:22:13.160 --> 0:22:14.600
<v Speaker 4>Yeah oh really, well you know, I mean, like I

0:22:14.600 --> 0:22:16.320
<v Speaker 4>don't want to take anything for granted. Miss what is

0:22:16.320 --> 0:22:16.960
<v Speaker 4>Golden Girls?

0:22:16.960 --> 0:22:18.280
<v Speaker 3>So you know what?

0:22:20.480 --> 0:22:23.560
<v Speaker 1>Anyway, I was like doing something called East Sweets. Essence

0:22:23.560 --> 0:22:25.840
<v Speaker 1>had like a like a like a it was kind

0:22:25.880 --> 0:22:29.239
<v Speaker 1>of like a smaller offshoot event like that Essence had

0:22:29.280 --> 0:22:32.040
<v Speaker 1>where they had like other like black business women teach

0:22:32.119 --> 0:22:35.400
<v Speaker 1>like little classes and seminars and stuff like that and panels.

0:22:35.840 --> 0:22:39.080
<v Speaker 1>And so I was there and I saw Kim Coles

0:22:39.119 --> 0:22:41.840
<v Speaker 1>who sin Clair from Living Single, so like.

0:22:42.080 --> 0:22:46.120
<v Speaker 2>She's like a motivational speaker now or something, right.

0:22:46.600 --> 0:22:49.040
<v Speaker 4>Yeah she is. And so I was in the hallway

0:22:49.080 --> 0:22:50.320
<v Speaker 4>and I hear her go oh my god, oh my god,

0:22:50.320 --> 0:22:51.280
<v Speaker 4>oh my god. I'm like, oh my yead.

0:22:51.320 --> 0:22:53.520
<v Speaker 1>I'm looking around because like mc light was there all

0:22:53.520 --> 0:22:56.280
<v Speaker 1>these people, and she runs up to me and says, hey, hey.

0:22:56.200 --> 0:23:02.679
<v Speaker 4>Hey, Madra. I was like wait what and she was like,

0:23:02.800 --> 0:23:05.359
<v Speaker 4>oh my god, Tiffy, I love you. You saved my life.

0:23:05.520 --> 0:23:08.520
<v Speaker 4>You saved my credit score. I was like wait what.

0:23:09.080 --> 0:23:10.800
<v Speaker 1>And she was like, you make my credit score jump

0:23:10.800 --> 0:23:12.119
<v Speaker 1>like Jordan and you know, like that's like one of

0:23:12.119 --> 0:23:12.760
<v Speaker 1>my phrases.

0:23:13.400 --> 0:23:15.960
<v Speaker 4>I was when I say I was gagging. I was

0:23:16.000 --> 0:23:16.399
<v Speaker 4>like wait.

0:23:16.480 --> 0:23:19.439
<v Speaker 1>I literally gets kept saying wait, okay, wait wait, and

0:23:19.480 --> 0:23:21.680
<v Speaker 1>she was like you don't understand. She said, I'm fangirling out.

0:23:21.720 --> 0:23:23.439
<v Speaker 1>She's like, is this how it feels? Because like when

0:23:23.480 --> 0:23:25.440
<v Speaker 1>people do this to me, I'm like, it feels weird.

0:23:25.520 --> 0:23:28.440
<v Speaker 4>Are you weird it out?

0:23:28.480 --> 0:23:30.600
<v Speaker 1>I didn't even say anything. I was like wait, okay, wait.

0:23:30.640 --> 0:23:33.119
<v Speaker 1>And I because I was so nervous and frazzled. I

0:23:33.119 --> 0:23:35.480
<v Speaker 1>started singing the living Living.

0:23:35.200 --> 0:23:41.800
<v Speaker 2>Single, Oh my god, short circuit, I don't know where

0:23:41.840 --> 0:23:43.280
<v Speaker 2>I'm like, you live it.

0:23:43.480 --> 0:23:46.440
<v Speaker 1>She's like looking at me like oh okay, and then

0:23:46.720 --> 0:23:48.600
<v Speaker 1>her people were trying to rush her away, and she's like, no,

0:23:48.640 --> 0:23:50.520
<v Speaker 1>I gotta get a picture of Tiffany. So we took

0:23:50.600 --> 0:23:53.080
<v Speaker 1>like a bunch of pictures and then she likes whisked off,

0:23:53.119 --> 0:23:56.240
<v Speaker 1>and I just was like, what just happened?

0:23:56.280 --> 0:23:57.800
<v Speaker 4>Like I grew up? I told her. I was like,

0:23:57.960 --> 0:23:59.639
<v Speaker 4>you know, I grew up. Who didn't grow up as

0:23:59.680 --> 0:24:03.760
<v Speaker 4>a brown girl like on Living Single? I mean, I mean.

0:24:03.640 --> 0:24:05.640
<v Speaker 1>You you're the ones who made it possible for there

0:24:05.640 --> 0:24:08.639
<v Speaker 1>to be a show friend, you know. And I was

0:24:08.720 --> 0:24:10.919
<v Speaker 1>just I just couldn't believe it that because you know,

0:24:10.960 --> 0:24:13.840
<v Speaker 1>you're like home, like huh huh, and like wait.

0:24:15.160 --> 0:24:16.080
<v Speaker 3>Where is this picture?

0:24:16.160 --> 0:24:18.159
<v Speaker 2>And why isn't she on the podcast? And when is

0:24:18.200 --> 0:24:18.800
<v Speaker 2>that happening?

0:24:19.560 --> 0:24:21.240
<v Speaker 4>You know what? I didn't even think about that? Do

0:24:21.280 --> 0:24:26.399
<v Speaker 4>you never think about that? I want to hit my

0:24:26.440 --> 0:24:28.000
<v Speaker 4>friend up because you know, now we're besties.

0:24:28.000 --> 0:24:30.280
<v Speaker 1>Actually we're not, but I'm definitely gonna hit her up,

0:24:30.400 --> 0:24:32.119
<v Speaker 1>like I think I think a friend of mine actually

0:24:32.119 --> 0:24:33.640
<v Speaker 1>friends with her on Facebook, so I'll let her friend

0:24:33.680 --> 0:24:35.800
<v Speaker 1>request and I'll definitely ask her, like, you know, if

0:24:35.800 --> 0:24:37.720
<v Speaker 1>you'd love I would love to have you on my podcast.

0:24:38.280 --> 0:24:40.600
<v Speaker 1>She was so not I just couldn't believe it, man.

0:24:40.440 --> 0:24:46.560
<v Speaker 4>Because I was just were you what'd you say? I

0:24:46.560 --> 0:24:47.399
<v Speaker 4>would have loved that.

0:24:50.440 --> 0:24:52.640
<v Speaker 3>I'm getting emotional for you and like clawing at my chest.

0:24:52.680 --> 0:24:55.879
<v Speaker 3>I don't know why. That's amazing.

0:24:56.040 --> 0:24:58.159
<v Speaker 1>I just read it and we started singing because like

0:24:58.160 --> 0:25:00.720
<v Speaker 1>my brain was like, don't know what to say, just

0:25:00.760 --> 0:25:01.520
<v Speaker 1>sing the song.

0:25:02.520 --> 0:25:05.040
<v Speaker 4>So yeah, that was definitely like I haven't even I

0:25:05.080 --> 0:25:05.800
<v Speaker 4>saved those pictures.

0:25:05.840 --> 0:25:08.040
<v Speaker 1>I have been doing a separate post like my most

0:25:08.080 --> 0:25:10.639
<v Speaker 1>epic moment, because I mean, like I I got to

0:25:10.640 --> 0:25:13.199
<v Speaker 1>go to the HBO and Secure party. I went to

0:25:13.240 --> 0:25:15.960
<v Speaker 1>this like little little party afterwards, and Asa Ray was

0:25:16.000 --> 0:25:18.959
<v Speaker 1>there and her crew danced it up, and nothing compared

0:25:19.000 --> 0:25:23.560
<v Speaker 1>to like Sinclair Living single Kim Cole saying oh my god,

0:25:24.040 --> 0:25:24.680
<v Speaker 1>hey hey hey.

0:25:24.720 --> 0:25:26.520
<v Speaker 4>When she said hey, hey, hey, I was like, wait,

0:25:27.200 --> 0:25:30.280
<v Speaker 4>does she just give me my line? Oh my god?

0:25:30.359 --> 0:25:32.320
<v Speaker 4>So you know what, remember in the beginning, guys man

0:25:32.359 --> 0:25:33.800
<v Speaker 4>used toy hait on my hey hey, hey.

0:25:33.760 --> 0:25:39.720
<v Speaker 3>Remember how is this gonna turn back on me. It's

0:25:39.880 --> 0:25:41.480
<v Speaker 3>just rude. And also, did like.

0:25:41.440 --> 0:25:45.800
<v Speaker 2>Satt Albert really originate that he did?

0:25:46.280 --> 0:25:49.120
<v Speaker 3>Okay, in the public domain.

0:25:50.840 --> 0:25:53.280
<v Speaker 4>I'm reclaiming it. No, but yeah, it was just that

0:25:53.280 --> 0:25:56.480
<v Speaker 4>part was just awesome. And so yeah, that was my

0:25:56.760 --> 0:25:59.159
<v Speaker 4>boost because I didn't I'm glad I ended it with

0:25:59.200 --> 0:26:00.640
<v Speaker 4>the booz because I feel.

0:26:00.240 --> 0:26:01.720
<v Speaker 2>Like, you know, I don't know bre you can hold

0:26:01.760 --> 0:26:02.600
<v Speaker 2>that in for so long.

0:26:03.560 --> 0:26:05.160
<v Speaker 4>I know I was holding it. I was like, oh,

0:26:05.200 --> 0:26:06.520
<v Speaker 4>this is too good, this is too good.

0:26:22.680 --> 0:26:25.880
<v Speaker 2>All right, let's get to these questions from lovely lovely listeners.

0:26:26.920 --> 0:26:29.240
<v Speaker 2>You guys can email us at brand Ambition Podcast at

0:26:29.240 --> 0:26:33.920
<v Speaker 2>gmail dot com or hit us up at brandnambitionpodcast dot

0:26:33.920 --> 0:26:35.920
<v Speaker 2>com to send us your questions. We have a couple

0:26:36.000 --> 0:26:38.879
<v Speaker 2>of really good Wednesday I wanted to get to from.

0:26:39.040 --> 0:26:41.640
<v Speaker 2>Both of them have to do with getting a home

0:26:41.680 --> 0:26:44.120
<v Speaker 2>for the first time. So the first question comes from

0:26:44.280 --> 0:26:50.680
<v Speaker 2>listener Naomi. Naomi says, hey, hey, hey see, everyone loves it.

0:26:50.840 --> 0:26:54.280
<v Speaker 2>She's like, I'm a third year teacher in San Diego, California,

0:26:54.280 --> 0:26:57.000
<v Speaker 2>and I'm exploring the option of buying a home using

0:26:57.040 --> 0:27:00.320
<v Speaker 2>an FAHA loan and FHA loan is a track to

0:27:00.359 --> 0:27:03.359
<v Speaker 2>me because there's only a three point five percent down payment,

0:27:03.400 --> 0:27:06.440
<v Speaker 2>and they're lenient with Fyco scores. I'm working on improving

0:27:06.480 --> 0:27:09.240
<v Speaker 2>my Fyco score from six point thirty to get it

0:27:09.320 --> 0:27:12.119
<v Speaker 2>over six sixty. My plan is is that by the

0:27:12.119 --> 0:27:14.120
<v Speaker 2>time I apply for the loan, I will have zero

0:27:14.160 --> 0:27:16.440
<v Speaker 2>credit card debt, only a student loan, and my debt

0:27:16.440 --> 0:27:19.800
<v Speaker 2>to income ratio will be fifty percent or less. I've

0:27:19.880 --> 0:27:22.840
<v Speaker 2>heard that if you can't put down a down payment

0:27:22.880 --> 0:27:25.119
<v Speaker 2>of twenty percent, you can't afford to buy a house.

0:27:25.280 --> 0:27:27.560
<v Speaker 2>But I'm forty years old and I'm running out of time.

0:27:27.680 --> 0:27:28.720
<v Speaker 3>What do you think.

0:27:31.760 --> 0:27:34.480
<v Speaker 1>I disagree with that notion right, that you can't put

0:27:34.480 --> 0:27:36.280
<v Speaker 1>down twenty percent, you can't afford to buy a house.

0:27:36.359 --> 0:27:39.200
<v Speaker 2>Well, she just like contradicted what she's found out for herself,

0:27:39.240 --> 0:27:41.439
<v Speaker 2>which is that there are loan programs out there that

0:27:41.480 --> 0:27:45.720
<v Speaker 2>don't require that much down like the FAHA loan. For example,

0:27:46.520 --> 0:27:49.879
<v Speaker 2>if your credit score is over five eighty, they require

0:27:49.920 --> 0:27:54.000
<v Speaker 2>and you meet other requirements, the down payment's only three

0:27:54.000 --> 0:27:58.359
<v Speaker 2>point five percent, and they'll even accept people with credit

0:27:58.400 --> 0:28:02.119
<v Speaker 2>scores under that under five eighty. But then you'll have

0:28:02.160 --> 0:28:03.840
<v Speaker 2>to put down ten percent. But that's like one of

0:28:03.880 --> 0:28:06.159
<v Speaker 2>the most common first time home buyer loans.

0:28:06.280 --> 0:28:07.760
<v Speaker 4>Yeah, for that's what I used.

0:28:08.800 --> 0:28:11.760
<v Speaker 1>Oh you did, okay, well not obviously for this this

0:28:11.840 --> 0:28:14.480
<v Speaker 1>past house, but like the first THU, yeah, the first one.

0:28:14.480 --> 0:28:15.080
<v Speaker 4>That's what I use.

0:28:15.640 --> 0:28:17.280
<v Speaker 1>And the thing is that the truth is, I think

0:28:17.359 --> 0:28:21.360
<v Speaker 1>I might have had the twenty percent, but I decided that,

0:28:21.920 --> 0:28:24.359
<v Speaker 1>like I did the mask with my mortgage person, and

0:28:24.400 --> 0:28:26.040
<v Speaker 1>she was like, if you put down the twenty percent,

0:28:26.080 --> 0:28:28.520
<v Speaker 1>it's only going to lower your mortgage amount by I

0:28:28.560 --> 0:28:30.919
<v Speaker 1>think it was like twenty bucks a month or she

0:28:31.000 --> 0:28:32.720
<v Speaker 1>was like, oh, you can have that cash on hand

0:28:33.119 --> 0:28:35.000
<v Speaker 1>to help with like any like you know, maybe like

0:28:35.040 --> 0:28:38.280
<v Speaker 1>surprise expenses. And so I decided, after like weighing the

0:28:38.280 --> 0:28:40.880
<v Speaker 1>mask on both sides, I decided that that an fah

0:28:41.040 --> 0:28:42.840
<v Speaker 1>loan and putting down that three point five percent was

0:28:42.840 --> 0:28:45.200
<v Speaker 1>actually like a better deal for me to be able

0:28:45.240 --> 0:28:47.000
<v Speaker 1>to still have like cash, you know, at hand, which

0:28:47.000 --> 0:28:49.480
<v Speaker 1>I needed because I was like, you know, buying furniture

0:28:49.480 --> 0:28:51.760
<v Speaker 1>and all that kind of stuff. So yeah, I don't

0:28:51.800 --> 0:28:53.760
<v Speaker 1>think that it means that. I mean I get it,

0:28:53.800 --> 0:28:55.400
<v Speaker 1>like that's the old school way of thinking, like if

0:28:55.440 --> 0:28:57.880
<v Speaker 1>you can't put down a substantial amount, but you know,

0:28:58.040 --> 0:29:01.880
<v Speaker 1>these loans exist for a reason. And if you know that,

0:29:02.080 --> 0:29:05.440
<v Speaker 1>you're what's most important is what your monthly income is

0:29:05.760 --> 0:29:07.800
<v Speaker 1>in relation to what your mortgage is going to be.

0:29:07.800 --> 0:29:09.280
<v Speaker 4>Because what's the rule of thumb? Many, isn't it?

0:29:09.280 --> 0:29:10.520
<v Speaker 1>You really don't want it to be more than thirty

0:29:10.520 --> 0:29:13.080
<v Speaker 1>percent your mortgage more than thirty percent of what your

0:29:14.000 --> 0:29:15.040
<v Speaker 1>your your income is.

0:29:15.400 --> 0:29:17.560
<v Speaker 2>Yeah, but one third is a good rule of thumb.

0:29:17.680 --> 0:29:21.160
<v Speaker 1>Yeah, And so that's what I would say, honestly, like

0:29:21.600 --> 0:29:24.840
<v Speaker 1>that you want to you don't want to be spending

0:29:24.920 --> 0:29:28.840
<v Speaker 1>half of your income on on your house because that

0:29:28.960 --> 0:29:31.360
<v Speaker 1>leads you with very little wiggle rooms. So I think

0:29:31.400 --> 0:29:33.920
<v Speaker 1>that if if you're in that thirty percent range, like, oh,

0:29:34.040 --> 0:29:36.240
<v Speaker 1>let's just say, for math's sake, I make a thousand

0:29:36.280 --> 0:29:38.360
<v Speaker 1>dollars a month and my mortgage is three hundred, you're

0:29:38.400 --> 0:29:39.480
<v Speaker 1>in a good space.

0:29:40.960 --> 0:29:41.920
<v Speaker 2>Definitely, all right?

0:29:41.960 --> 0:29:42.600
<v Speaker 3>Next question.

0:29:42.920 --> 0:29:46.680
<v Speaker 2>Next question comes from an anonymous listener, also related to

0:29:46.720 --> 0:29:50.960
<v Speaker 2>home purchasing. She is younger. I think in her what

0:29:51.080 --> 0:29:51.200
<v Speaker 2>is it?

0:29:51.320 --> 0:29:52.040
<v Speaker 3>What does this say?

0:29:52.240 --> 0:29:55.040
<v Speaker 2>All right, I'm gonna as a young single person. I

0:29:55.040 --> 0:29:56.480
<v Speaker 2>don't know what that means. So let's say in her

0:29:56.520 --> 0:30:00.200
<v Speaker 2>twenty to thirties, she says, I have no debt I

0:30:00.240 --> 0:30:02.320
<v Speaker 2>contribute the max to my four O one K, a

0:30:02.400 --> 0:30:06.280
<v Speaker 2>small percentage to my retirement or not retirement, a small

0:30:06.320 --> 0:30:09.400
<v Speaker 2>percentage to my ESPP, and I have an emergency fund.

0:30:09.960 --> 0:30:12.160
<v Speaker 2>After paying off my student loans last year, I saved

0:30:12.160 --> 0:30:14.480
<v Speaker 2>about twenty thousand dollars. But I live in one of

0:30:14.520 --> 0:30:17.440
<v Speaker 2>the hottest housing markets in the country. As a young

0:30:17.480 --> 0:30:20.080
<v Speaker 2>single person, I feel like I'm going to be saving forever,

0:30:20.240 --> 0:30:22.520
<v Speaker 2>and I'm concerned about knowing who I can trust through

0:30:22.520 --> 0:30:25.880
<v Speaker 2>the process. I know there are options for lower down payments,

0:30:25.880 --> 0:30:30.320
<v Speaker 2>but I'm also aware that lenders specifically have targeted black

0:30:30.320 --> 0:30:33.600
<v Speaker 2>women for subprime mortgage loans in the past. Do you

0:30:33.640 --> 0:30:36.040
<v Speaker 2>have any advice on where to begin for single first

0:30:36.080 --> 0:30:38.960
<v Speaker 2>time home buyers. It would be greatfully appreciate it. Thank

0:30:38.960 --> 0:30:39.560
<v Speaker 2>you so much.

0:30:40.840 --> 0:30:44.240
<v Speaker 4>I've heard like good things about NACA and ACA. Do

0:30:44.240 --> 0:30:46.080
<v Speaker 4>you know what NACA stands for? I never you know,

0:30:46.120 --> 0:30:47.000
<v Speaker 4>I never looked into that.

0:30:47.640 --> 0:30:49.880
<v Speaker 2>No, no, wait, yeah, I've heard of NAKA, but I

0:30:49.880 --> 0:30:51.000
<v Speaker 2>forget what it stands for now.

0:30:51.640 --> 0:30:52.840
<v Speaker 4>So NACA.

0:30:53.080 --> 0:30:56.080
<v Speaker 1>There are like so many dreamcatchers posted about NACCA and

0:30:56.120 --> 0:30:58.240
<v Speaker 1>so I've heard good things, although sometimes it may.

0:30:58.160 --> 0:30:58.920
<v Speaker 4>Be a little slow.

0:30:59.360 --> 0:31:02.240
<v Speaker 1>Where you take a class, they help you get your

0:31:02.280 --> 0:31:05.000
<v Speaker 1>credit together and then you can qualify for a program

0:31:05.080 --> 0:31:07.280
<v Speaker 1>as long as you want to be Like I believe you. No,

0:31:07.360 --> 0:31:09.160
<v Speaker 1>I don't even think you always have to be owner occupied.

0:31:09.200 --> 0:31:10.680
<v Speaker 1>I think you're even allowed to do it with like

0:31:10.720 --> 0:31:15.000
<v Speaker 1>a rental property, but that they can get you sometimes

0:31:15.040 --> 0:31:17.960
<v Speaker 1>even zero percent down. No closing costs a really low

0:31:18.400 --> 0:31:20.320
<v Speaker 1>interest rate. So maybe the interest rate is like say

0:31:20.360 --> 0:31:22.560
<v Speaker 1>five percent, but with NACA that it might be three percent.

0:31:22.920 --> 0:31:25.920
<v Speaker 4>So I definitely would look into NAKA. N ACA.

0:31:26.160 --> 0:31:30.800
<v Speaker 2>That's Neighborhood Assistance Corporation of America. I've never heard of Okay,

0:31:30.800 --> 0:31:33.040
<v Speaker 2>maybe I haven't heard of that. It's a nonprofit community

0:31:33.120 --> 0:31:37.400
<v Speaker 2>advocacy and home ownership organization mm hm.

0:31:37.400 --> 0:31:39.360
<v Speaker 1>And so I mean I've never I can honestly say

0:31:39.360 --> 0:31:41.080
<v Speaker 1>I've never heard their full names. Is that I just

0:31:41.200 --> 0:31:44.360
<v Speaker 1>you know, everyone just says, oh, try NAKA. A friend

0:31:44.360 --> 0:31:47.640
<v Speaker 1>of mine did it. She got a three family house.

0:31:47.720 --> 0:31:50.040
<v Speaker 1>She does live there, and like her interest rate was

0:31:50.080 --> 0:31:52.640
<v Speaker 1>like a point or two less a point, meaning, like

0:31:52.640 --> 0:31:55.000
<v Speaker 1>like I said, if everyone's their interest rate is five percent,

0:31:55.040 --> 0:31:55.880
<v Speaker 1>that's the going rate.

0:31:56.080 --> 0:31:57.720
<v Speaker 4>Hers was three percent, So.

0:31:57.600 --> 0:32:00.160
<v Speaker 1>That's significant, Like it's a lot of money of the

0:32:00.200 --> 0:32:02.440
<v Speaker 1>lifetime of the loan and she didn't have to put

0:32:02.480 --> 0:32:05.440
<v Speaker 1>down a down payment or significantly less, So that's definitely

0:32:05.440 --> 0:32:07.360
<v Speaker 1>a good place to start. I also, do you know

0:32:07.400 --> 0:32:09.720
<v Speaker 1>what I find like if you get a really good realtor,

0:32:10.200 --> 0:32:15.280
<v Speaker 1>they often are really knowledgeable about different programs happening and

0:32:15.360 --> 0:32:18.000
<v Speaker 1>so like. So I asked a bunch of realtors, even

0:32:18.000 --> 0:32:19.760
<v Speaker 1>if they weren't my realtor, I asked a bunch of

0:32:19.800 --> 0:32:22.160
<v Speaker 1>them just like, hey, do you know of any programs

0:32:22.160 --> 0:32:24.800
<v Speaker 1>because sometimes brokers and realtors, you know, we'll we'll hear

0:32:24.880 --> 0:32:27.120
<v Speaker 1>things before we do or but this is what they

0:32:27.120 --> 0:32:28.959
<v Speaker 1>do all day every day, talk about this kind of stuff.

0:32:29.320 --> 0:32:32.479
<v Speaker 1>So I would ask realtors too, like cause I know

0:32:33.240 --> 0:32:36.120
<v Speaker 1>M ANDT Bank and like Mike, Michael and Tony. I mean,

0:32:36.120 --> 0:32:36.920
<v Speaker 1>that's not what it stands for.

0:32:37.040 --> 0:32:39.080
<v Speaker 4>But they had like.

0:32:39.040 --> 0:32:42.480
<v Speaker 1>A program for people of color who were buying homes

0:32:42.520 --> 0:32:44.400
<v Speaker 1>where it's a majority of people of color living there.

0:32:44.960 --> 0:32:47.000
<v Speaker 1>And at the time it was like up to like

0:32:47.080 --> 0:32:49.600
<v Speaker 1>eighteen thousand dollars or something like that, and now it's

0:32:49.640 --> 0:32:51.240
<v Speaker 1>I think it's like up to five or six thousand,

0:32:51.280 --> 0:32:55.040
<v Speaker 1>but you could put toward closing, so that's you know,

0:32:55.240 --> 0:32:57.320
<v Speaker 1>that's out there because M ANDT Bank was definitely one

0:32:57.320 --> 0:33:00.960
<v Speaker 1>of those companies that were that were giving unfair interest

0:33:01.040 --> 0:33:03.240
<v Speaker 1>rates to people of color. So they got caught and

0:33:03.280 --> 0:33:05.160
<v Speaker 1>as a result they have to do this kind of restitution.

0:33:06.520 --> 0:33:09.440
<v Speaker 1>But yeah, I mean, I think asking real estate professionals

0:33:09.480 --> 0:33:10.719
<v Speaker 1>is a great place to start.

0:33:10.800 --> 0:33:14.560
<v Speaker 2>And yeah, she seems worried about getting like scammed or

0:33:14.640 --> 0:33:16.840
<v Speaker 2>duped into a bad loan because she's a woman or

0:33:16.840 --> 0:33:20.880
<v Speaker 2>a minority, And yeah, it's mortgage lenders have discriminated against

0:33:20.880 --> 0:33:21.600
<v Speaker 2>people of color.

0:33:23.120 --> 0:33:24.160
<v Speaker 3>That's a known fact.

0:33:24.640 --> 0:33:27.480
<v Speaker 2>What I will say is, you know, since the housing crisis,

0:33:27.600 --> 0:33:32.400
<v Speaker 2>organizations like the CFPB and with Dodd Frank Act, it's

0:33:32.440 --> 0:33:35.360
<v Speaker 2>become a lot harder to offer bad mortgage loans, like

0:33:35.440 --> 0:33:37.840
<v Speaker 2>offer loans to people that they couldn't that they can't afford,

0:33:38.720 --> 0:33:42.360
<v Speaker 2>or just bad predatory products in general. So want to

0:33:42.440 --> 0:33:46.479
<v Speaker 2>keep these organizations around. That's why they're here. But you know,

0:33:47.240 --> 0:33:51.000
<v Speaker 2>going if yes you can, you can contact like a

0:33:51.040 --> 0:33:53.160
<v Speaker 2>mortgage broker and see if they have access to any

0:33:53.400 --> 0:33:58.040
<v Speaker 2>any lenders. But you know, start from what type of

0:33:58.080 --> 0:34:00.160
<v Speaker 2>mortgage you're looking for too. If you're a look looking

0:34:00.200 --> 0:34:03.240
<v Speaker 2>for an FAHA loan, for example, there's a list of

0:34:03.440 --> 0:34:05.760
<v Speaker 2>FAHA approved lenders that you can work from and you

0:34:05.800 --> 0:34:07.800
<v Speaker 2>know that, Okay, these have been signed off on by

0:34:08.480 --> 0:34:13.600
<v Speaker 2>the Federal Housing Authority and there you know, legit and kosher.

0:34:14.200 --> 0:34:17.239
<v Speaker 2>I chose when we were shopping for mortgage loans. I

0:34:17.280 --> 0:34:20.279
<v Speaker 2>didn't use a broker because I feel like I know

0:34:20.320 --> 0:34:24.520
<v Speaker 2>every single bank and ever. And we just basically went

0:34:24.560 --> 0:34:28.880
<v Speaker 2>to three or four different well actually five if you include.

0:34:29.120 --> 0:34:31.319
<v Speaker 2>We looked at us a A, looked at SOFI, looked

0:34:31.360 --> 0:34:34.799
<v Speaker 2>at Ally, looked at City, and then Quickened Loans, which

0:34:34.880 --> 0:34:38.560
<v Speaker 2>is an online lender for we were shopping for mortgage rates,

0:34:38.600 --> 0:34:41.200
<v Speaker 2>and you can do things like check their check the

0:34:41.239 --> 0:34:44.319
<v Speaker 2>complaint database that the cfp B has online and see

0:34:44.320 --> 0:34:46.760
<v Speaker 2>if there's a ton of complaints against mortgage lenders before.

0:34:48.320 --> 0:34:50.480
<v Speaker 2>And you know, but at the end of the day,

0:34:50.480 --> 0:34:52.520
<v Speaker 2>you want to pick the lender, you know, whether it's

0:34:52.520 --> 0:34:55.400
<v Speaker 2>like a home home ownership assistance program or something like

0:34:55.400 --> 0:34:58.040
<v Speaker 2>that or like a regular lender, pick the one that

0:34:58.080 --> 0:35:01.000
<v Speaker 2>has the best product and the best term for you,

0:35:01.080 --> 0:35:03.760
<v Speaker 2>and just compare compare, compare, so you know you're getting

0:35:03.800 --> 0:35:04.319
<v Speaker 2>the best deal.

0:35:04.920 --> 0:35:05.960
<v Speaker 4>Yeah, that is like the key.

0:35:06.000 --> 0:35:08.719
<v Speaker 1>Compare compare, And like I would start now, like so

0:35:09.400 --> 0:35:12.120
<v Speaker 1>almost like it's almost like six months before you're like,

0:35:12.160 --> 0:35:14.239
<v Speaker 1>you know what, I'm gonna be looking at houses. You

0:35:14.239 --> 0:35:17.000
<v Speaker 1>can never be too early with like starting the mortgage process.

0:35:17.000 --> 0:35:18.520
<v Speaker 1>So I don't know if you did this, Mandy, but

0:35:18.560 --> 0:35:21.800
<v Speaker 1>I didn't let anybody pull my my my score until

0:35:21.840 --> 0:35:23.520
<v Speaker 1>I was like pretty sure this is the company I

0:35:23.520 --> 0:35:25.680
<v Speaker 1>wanted to go with, Like I just went online got

0:35:25.680 --> 0:35:27.280
<v Speaker 1>my score and it was like, no, I know my score.

0:35:27.480 --> 0:35:29.239
<v Speaker 1>You know they'll they'll try to like finagle you, like, oh,

0:35:29.239 --> 0:35:31.120
<v Speaker 1>I can't give you a really accurate I'm like, well,

0:35:31.120 --> 0:35:32.799
<v Speaker 1>just give me as close as you can to the

0:35:32.840 --> 0:35:35.440
<v Speaker 1>score that I'm giving you, because I didn't want all

0:35:35.440 --> 0:35:38.359
<v Speaker 1>of these like pulls and hard inquiries on my on

0:35:38.360 --> 0:35:40.080
<v Speaker 1>my credit report when I was going to buy a house.

0:35:41.080 --> 0:35:42.680
<v Speaker 1>So you're you don't just so you know, when you're

0:35:42.719 --> 0:35:46.240
<v Speaker 1>asking for like interest rates, you don't have to give.

0:35:46.120 --> 0:35:48.719
<v Speaker 4>Your score, like, well, you don't have to give them

0:35:48.760 --> 0:35:51.799
<v Speaker 4>the ability to pull your credit score from.

0:35:51.719 --> 0:35:53.040
<v Speaker 3>Their end, right.

0:35:53.120 --> 0:35:55.680
<v Speaker 2>So what a lot of lenders offer is a quote.

0:35:55.920 --> 0:35:58.359
<v Speaker 2>They may offer a quote, which is where they may

0:35:58.440 --> 0:36:01.799
<v Speaker 2>ask for the last four digits of your social and

0:36:01.840 --> 0:36:03.839
<v Speaker 2>do like a soft pull of your credit and then

0:36:03.880 --> 0:36:07.080
<v Speaker 2>give you an estimate like a quote again where they say, okay,

0:36:07.080 --> 0:36:08.960
<v Speaker 2>we might be able to offer you this rate, And

0:36:09.000 --> 0:36:10.919
<v Speaker 2>that's a good way to shop around because it won't

0:36:11.080 --> 0:36:14.279
<v Speaker 2>ing your credit score. So lending Tree, the company that

0:36:14.320 --> 0:36:18.120
<v Speaker 2>I work for, offers a mortgage marketplace where you can

0:36:18.840 --> 0:36:21.000
<v Speaker 2>basically fill out an online form, you put in a

0:36:21.000 --> 0:36:24.160
<v Speaker 2>couple of pieces of information, then they may be able

0:36:24.200 --> 0:36:26.400
<v Speaker 2>to direct you to lenders who can offer you quotes.

0:36:26.480 --> 0:36:28.640
<v Speaker 2>So that's what a lot of lenders do now, and

0:36:28.680 --> 0:36:30.080
<v Speaker 2>that's a good way to shop around when you're just

0:36:30.120 --> 0:36:33.200
<v Speaker 2>casually shopping around. But if you're serious about so she

0:36:33.320 --> 0:36:36.240
<v Speaker 2>asks sort of what are the steps to to home ownership?

0:36:36.280 --> 0:36:38.560
<v Speaker 2>So I would say, if you're casually, you know, shopping around,

0:36:38.600 --> 0:36:40.520
<v Speaker 2>you just want to see what you might qualify for,

0:36:40.920 --> 0:36:43.920
<v Speaker 2>a quote is one way to go. And then if

0:36:43.920 --> 0:36:47.120
<v Speaker 2>you're when you're serious, are a pre approval is what

0:36:47.160 --> 0:36:49.680
<v Speaker 2>you want to get. And with the pre approval, they're

0:36:49.680 --> 0:36:52.080
<v Speaker 2>actually going to ask for more financial documents, they're going

0:36:52.160 --> 0:36:53.719
<v Speaker 2>to ask for your full social they're going to do

0:36:53.719 --> 0:36:57.720
<v Speaker 2>a full on, you know, hard inquiry to your credit history.

0:36:58.840 --> 0:37:02.840
<v Speaker 2>That's that shouldn't frighten you from shopping from multiple lenders

0:37:02.840 --> 0:37:07.040
<v Speaker 2>because as long as you get multiple pre approvals within

0:37:07.080 --> 0:37:09.759
<v Speaker 2>a short window of time like fourteen I think two

0:37:09.800 --> 0:37:12.400
<v Speaker 2>to fourteen to forty five days is kind of the

0:37:12.440 --> 0:37:18.480
<v Speaker 2>standard that according to FIKO, for that window, it'll only

0:37:18.560 --> 0:37:21.000
<v Speaker 2>count as one hard inquiry. So for example, my husband

0:37:21.000 --> 0:37:22.880
<v Speaker 2>and I when we were ready to shop, we did

0:37:22.920 --> 0:37:25.360
<v Speaker 2>all of our shopping in like one week, and my

0:37:25.480 --> 0:37:27.440
<v Speaker 2>credit maybe dropped five points.

0:37:27.480 --> 0:37:27.960
<v Speaker 3>That was it.

0:37:29.160 --> 0:37:30.920
<v Speaker 2>And it's not that big of a deal, and it's

0:37:30.960 --> 0:37:33.520
<v Speaker 2>not you know, it's worth it to shop multiple lenders,

0:37:33.520 --> 0:37:37.000
<v Speaker 2>But the pre approval is important because this is actually

0:37:37.080 --> 0:37:40.840
<v Speaker 2>a much stronger this is a much stronger vote of

0:37:40.880 --> 0:37:43.279
<v Speaker 2>confidence from the lender because they're saying, yeah, there's a

0:37:43.280 --> 0:37:45.480
<v Speaker 2>really good chance we're going to approve you for this mortgage,

0:37:45.840 --> 0:37:48.440
<v Speaker 2>and here is the rate that we are the pretty

0:37:48.600 --> 0:37:50.920
<v Speaker 2>pretty good estimate of the rate we can give you

0:37:51.040 --> 0:37:53.239
<v Speaker 2>and the terms we can give you, And then you

0:37:53.280 --> 0:37:56.880
<v Speaker 2>can use that to compare to other offers from lenders.

0:37:57.120 --> 0:37:59.239
<v Speaker 2>And also, like when you're buying, when you're putting in

0:37:59.239 --> 0:38:02.640
<v Speaker 2>an offer on a house, sometimes the seller's agent won't

0:38:02.640 --> 0:38:04.560
<v Speaker 2>even talk to you if you don't have a pre approval,

0:38:04.960 --> 0:38:08.320
<v Speaker 2>and in other cases you may like, look, it's gonna

0:38:08.320 --> 0:38:11.399
<v Speaker 2>make you seem like a much more legitimate candidate than

0:38:11.480 --> 0:38:13.920
<v Speaker 2>other potential buyers out there. So it can give you

0:38:13.960 --> 0:38:17.000
<v Speaker 2>like a competitive edge to have that pre approval because

0:38:17.560 --> 0:38:20.440
<v Speaker 2>that seller is going to know, Okay, they've checked her credit,

0:38:21.640 --> 0:38:24.439
<v Speaker 2>she has been pre approved for this loan amount, and

0:38:24.600 --> 0:38:26.480
<v Speaker 2>we have a really good idea that she's going to

0:38:26.520 --> 0:38:28.719
<v Speaker 2>be able to close this mortgage loan, so we will

0:38:28.719 --> 0:38:31.440
<v Speaker 2>go with her. So that's another benefit to the pre

0:38:31.520 --> 0:38:34.440
<v Speaker 2>approval end. Yeah, you can get as many pre approvals

0:38:34.480 --> 0:38:36.600
<v Speaker 2>as you want. I think we did five in the end,

0:38:37.760 --> 0:38:39.840
<v Speaker 2>and it was really helpful because we could compare and

0:38:39.880 --> 0:38:42.000
<v Speaker 2>see what all the differences were, and ultimately we went

0:38:42.000 --> 0:38:44.640
<v Speaker 2>with the lender that offered us the best deal and

0:38:44.719 --> 0:38:46.680
<v Speaker 2>one of the lenders you know sometimes they would say,

0:38:46.680 --> 0:38:48.239
<v Speaker 2>you know, we can beat that rate if you show

0:38:48.320 --> 0:38:51.120
<v Speaker 2>us whatever rate, what you know other rate you can get,

0:38:51.160 --> 0:38:53.880
<v Speaker 2>Like I remember we looked at Sofi. Sofi offers a

0:38:53.920 --> 0:38:57.600
<v Speaker 2>mortgage with just ten percent down, and they they say

0:38:57.600 --> 0:39:00.840
<v Speaker 2>they don't charge any origination fees, but just basically like

0:39:00.880 --> 0:39:03.719
<v Speaker 2>a processing fee for your application. A lot of every

0:39:03.719 --> 0:39:07.279
<v Speaker 2>mortgage lender basically charges the traditional ones charge origination fees.

0:39:07.360 --> 0:39:09.960
<v Speaker 2>So one way so Far differentiates itself is by saying,

0:39:09.960 --> 0:39:12.160
<v Speaker 2>you know, we don't charge fees, but when we compare

0:39:12.200 --> 0:39:15.200
<v Speaker 2>to Sofi's pre approval offer to what we were getting

0:39:15.200 --> 0:39:17.360
<v Speaker 2>from other lenders, their rates were higher.

0:39:17.560 --> 0:39:19.000
<v Speaker 3>So it was almost like, yeah.

0:39:18.760 --> 0:39:21.120
<v Speaker 2>There's no fees, but they charge a higher rate, which

0:39:21.520 --> 0:39:23.440
<v Speaker 2>over the long term, you know, because we're staying in

0:39:23.440 --> 0:39:25.440
<v Speaker 2>our house for at least ten years, that could end

0:39:25.480 --> 0:39:27.879
<v Speaker 2>up costing us more. So it was it was good

0:39:27.960 --> 0:39:29.759
<v Speaker 2>to have those things side by side to look at

0:39:29.760 --> 0:39:30.240
<v Speaker 2>and compare.

0:39:31.200 --> 0:39:33.840
<v Speaker 4>No, that's goods. There are like a number of numbers

0:39:33.880 --> 0:39:36.680
<v Speaker 4>you want to look at. Yeah, these are good questions.

0:39:36.719 --> 0:39:39.239
<v Speaker 1>I know we said we're not going to talk about renovations,

0:39:39.239 --> 0:39:42.720
<v Speaker 1>but I just wanted to share something that I learned today.

0:39:42.920 --> 0:39:46.799
<v Speaker 4>I'd gone to city hall today in Newark because I

0:39:46.840 --> 0:39:48.200
<v Speaker 4>heard a little Bertie.

0:39:47.880 --> 0:39:51.400
<v Speaker 1>Told me that there might be some sort of tax abatement.

0:39:52.080 --> 0:39:56.280
<v Speaker 1>An abatement is basically like a hold on paying taxes if.

0:39:56.160 --> 0:39:58.320
<v Speaker 4>You're a business owner and a homeowner Newerk.

0:39:58.520 --> 0:40:00.279
<v Speaker 1>So I was like, and I've been calling, but like

0:40:00.280 --> 0:40:01.960
<v Speaker 1>most city halls, nobody picks up the phone.

0:40:02.360 --> 0:40:04.120
<v Speaker 4>So I've been calling for like a month.

0:40:04.160 --> 0:40:05.239
<v Speaker 1>So I was like, you know, what let me just

0:40:05.280 --> 0:40:08.480
<v Speaker 1>go down there, because you know, it's just I just

0:40:08.520 --> 0:40:11.719
<v Speaker 1>need to go down So I went and although I

0:40:11.800 --> 0:40:15.480
<v Speaker 1>found out that no, that that wasn't true, or at

0:40:15.560 --> 0:40:17.680
<v Speaker 1>least that's what the person told me, which I felt

0:40:17.680 --> 0:40:19.520
<v Speaker 1>like they didn't want to look up anything, so whatever,

0:40:19.840 --> 0:40:21.919
<v Speaker 1>But I walked into so many different offices. I found

0:40:21.960 --> 0:40:24.239
<v Speaker 1>that there was a tax abatement program, and I just

0:40:24.280 --> 0:40:26.279
<v Speaker 1>thought about you, Manny, that you know, you might want

0:40:26.280 --> 0:40:29.120
<v Speaker 1>to ask your city. So here's the way this tax

0:40:29.120 --> 0:40:32.640
<v Speaker 1>abatement program works in Newark, that if you do renovations,

0:40:34.160 --> 0:40:37.920
<v Speaker 1>you can actually get an abatement on the property increase

0:40:37.960 --> 0:40:40.200
<v Speaker 1>as a result of the renovation. So let's just say

0:40:40.520 --> 0:40:43.040
<v Speaker 1>that my property assesses for let's just say one hundred

0:40:43.080 --> 0:40:46.120
<v Speaker 1>thousand dollars, and my taxes are five thousand dollars a year,

0:40:46.520 --> 0:40:48.960
<v Speaker 1>and then I do one hundred thousand dollars worth of renovation.

0:40:49.040 --> 0:40:51.560
<v Speaker 1>So now my property has doubled in value, so my

0:40:51.680 --> 0:40:55.239
<v Speaker 1>taxes are likely to nearly double. And so if I

0:40:55.280 --> 0:40:58.520
<v Speaker 1>applied for this tax abatement after renovations are done, I

0:40:58.560 --> 0:41:03.840
<v Speaker 1>can actually suspend that additional increase for five years.

0:41:03.960 --> 0:41:05.960
<v Speaker 4>And I was like, wow, that's awesome, right.

0:41:06.280 --> 0:41:07.239
<v Speaker 3>Oh yeah, that's dope.

0:41:07.360 --> 0:41:09.560
<v Speaker 2>My husband and I were just talking about that because

0:41:09.560 --> 0:41:11.879
<v Speaker 2>we had just had a tax, a new property tax

0:41:11.920 --> 0:41:15.919
<v Speaker 2>assessment this past May, and then we wondered how soon

0:41:15.960 --> 0:41:18.440
<v Speaker 2>after our renovation they were going to reassess our property

0:41:18.800 --> 0:41:22.680
<v Speaker 2>and then start taxing us at the higher value. So yeah, definitely,

0:41:22.920 --> 0:41:23.520
<v Speaker 2>I'll do anything.

0:41:23.520 --> 0:41:25.680
<v Speaker 1>You'll save money, right, I was like, you know, just

0:41:25.680 --> 0:41:27.319
<v Speaker 1>go down to city hall and see like, hey, do

0:41:27.360 --> 0:41:29.400
<v Speaker 1>you guys have like any sort of I just like

0:41:29.520 --> 0:41:31.880
<v Speaker 1>kept to general any sort of tax abatement programs, and

0:41:32.239 --> 0:41:34.080
<v Speaker 1>the lady ripped that out, and I was like, well,

0:41:34.120 --> 0:41:35.440
<v Speaker 1>this is good.

0:41:38.800 --> 0:41:41.000
<v Speaker 4>Any other questions. I think that was good though.

0:41:41.360 --> 0:41:41.880
<v Speaker 3>Yeah, we're good.

0:41:41.920 --> 0:41:44.360
<v Speaker 2>One questions you guys again, hit us up at Brannambission

0:41:44.400 --> 0:41:47.359
<v Speaker 2>podcast dot com, ask us anything, tab to send us

0:41:47.360 --> 0:41:50.200
<v Speaker 2>a question, or you can email us directly at Brandambition

0:41:50.320 --> 0:41:53.000
<v Speaker 2>Podcast at gmail dot com dot com.

0:41:53.040 --> 0:41:58.160
<v Speaker 1>And if you're feeling particularly sentimental, listen to our last episode.

0:41:58.160 --> 0:42:00.600
<v Speaker 1>Gremandy and I talked about somebody asked really sweet question

0:42:00.680 --> 0:42:03.759
<v Speaker 1>about how we met our misters, and you guys really

0:42:03.800 --> 0:42:06.000
<v Speaker 1>enjoyed it. So if you didn't listen, go and listen,

0:42:06.560 --> 0:42:08.759
<v Speaker 1>And honestly, I like questions like that. So you can

0:42:09.160 --> 0:42:12.640
<v Speaker 1>obviously send us you know, financial career, business questions, but

0:42:12.960 --> 0:42:15.040
<v Speaker 1>you know where this is also a podcast about like

0:42:15.080 --> 0:42:17.160
<v Speaker 1>you know, brown girl life, and so if you have

0:42:17.239 --> 0:42:19.160
<v Speaker 1>just some like general kind of like life questions you

0:42:19.200 --> 0:42:21.560
<v Speaker 1>want to ask us, you know, we like those two.

0:42:22.680 --> 0:42:25.279
<v Speaker 2>We're all about the holistic approach, not just money, but

0:42:25.320 --> 0:42:29.520
<v Speaker 2>other stuff too, exactly, which is why we need Kim

0:42:29.560 --> 0:42:32.719
<v Speaker 2>Cole motivational speaker to come on the podcast.

0:42:32.360 --> 0:42:34.800
<v Speaker 4>To sam let me call my best friend.

0:42:34.880 --> 0:42:37.320
<v Speaker 3>Woo woo woo.

0:42:38.000 --> 0:42:39.759
<v Speaker 4>Oh oh my god, y'all.

0:42:39.760 --> 0:42:41.920
<v Speaker 1>I was like, you have no idea, I mean, no,

0:42:42.000 --> 0:42:43.520
<v Speaker 1>you know what, Actually I'm gonna send you. I'm gonna

0:42:43.560 --> 0:42:45.160
<v Speaker 1>like text you like the pictures of like my face

0:42:45.200 --> 0:42:46.759
<v Speaker 1>like that. You should see the evolution of like my

0:42:46.840 --> 0:42:50.479
<v Speaker 1>face like wait wait wait literally like hand to chest

0:42:50.560 --> 0:42:54.279
<v Speaker 1>clutching imaginary pearls like my sister. My sister Lisa was

0:42:54.320 --> 0:42:56.840
<v Speaker 1>like taking like you know, like secession of pictures and

0:42:56.880 --> 0:42:58.600
<v Speaker 1>you could just see me losing my mind like looking

0:42:58.600 --> 0:42:59.400
<v Speaker 1>at her, like can.

0:42:59.320 --> 0:43:03.400
<v Speaker 3>You believe that's awesome? You can retire