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Speaker 1: Hey, hey, hey, I'm saying that without the jazz hands

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Speaker 1: because I'm not allowed to lift my arms too high.

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Speaker 2: I'm Dad for you.

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Speaker 3: It is Tiffany And hey, guys, it's Nandy. Welcome to

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Speaker 3: Brown Ambition. Yes, and and something something.

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Speaker 1: I'm science. I'm trying not to laugh. Oh my gosh,

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Speaker 1: So she listened to our last episode. You know that

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Speaker 1: I went under the nice. I was a little nervous.

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Speaker 1: I had to get fibroids. Well I didn't have to,

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Speaker 1: but I elected to get fibroid surgery because well Mandy

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Speaker 1: and I are both knew we went and I wanted

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Speaker 1: to start working on a family because I'm thirty eight

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Speaker 1: and I'm like, girl, it's not now wrand child and

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Speaker 1: so honestly, I was not really all that nervous, but

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Speaker 1: until like right before, because it didn't seem real. I've

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Speaker 1: never had have you ever had like major surgery, Mandy?

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Speaker 2: Not major.

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Speaker 3: I've been under anesthesia and I've had a procedure done,

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Speaker 3: but not like cutting me open with stitches kind of surgery.

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Speaker 1: Okay, ooh, you said you wanted to mention something about audio.

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Speaker 3: Yeah, so I just wanted to let you guys know,

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Speaker 3: heads up, I've been having audio issues and I take

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Speaker 3: it really seriously the quality of the audio on the show.

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Speaker 3: So I'm apologized if things sound a little bit different

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Speaker 3: this week. I'm doing everything I can to make sure

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Speaker 3: that next episode we are back to tip top audio quality.

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Speaker 1: Okay. So yeah, So I wasn't really really really nervous

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Speaker 1: until kin you get there and they like make you

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Speaker 1: like put on like the you're about to be cut

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Speaker 1: up surgery clothes and like the little thing on your

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Speaker 1: head and take this till and then I'm like, oh

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Speaker 1: my god, it seems so serious. My mom, of course

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Speaker 1: came because you know, that's what moms do, and she

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Speaker 1: broke is a nurse, right, Yeah, she's a nurse. Although

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Speaker 1: she told me don't tell them because she said sometimes

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Speaker 1: nurses get a little territorial, you know. But you know,

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Speaker 1: they already guessed because there were certain nurse things that

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Speaker 1: she was asking and saying. They were like one of

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Speaker 1: the nurses like, oh, it's so cute. Your mom's a nurse.

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Speaker 1: And I'm like, how'd you know? She's like her ol,

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Speaker 1: nurses can spot each other a mile away. She's like,

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Speaker 1: your mom said like certain words that I was like,

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Speaker 1: there's no way that this woman is not a nurse.

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Speaker 1: And she brought her overnight bag. I was like, oh, so,

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Speaker 1: no questions asked, but I was like, Mommy, why is

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Speaker 1: your personal bic. She's like, oh no, it's my overnight bag.

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Speaker 1: I was like, oh, well, only one person can stay overnight.

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Speaker 1: She looked at Grrell like, well, I guess you're going home.

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Speaker 1: Then I know, but you know what, I'm not gonna lie.

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Speaker 1: As much as I love my husband, I really wanted

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Speaker 1: my mom to be there overnight with me. And so

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Speaker 1: it went really I remember just like talking briefly, and

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Speaker 1: then I fell asleep and I woke up, and the

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Speaker 1: truth is like in the hospital, I mean I experienced

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Speaker 1: next to no pain. I say, I did spend the night.

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Speaker 1: They took out out sixteen fibroids. Can you imagine, Nanny, Wow,

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Speaker 1: I didn't know I had that many and various sizes.

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Speaker 1: Actually have a doctor's appointment in a few days, so

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Speaker 1: I get to find out like the sizes and how

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Speaker 1: much they weighed and stuff, and sixteen And that's why

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Speaker 1: she wanted the type of surgery I had. There's two types,

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Speaker 1: so I guess there's multiple. But there's the laser kind

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Speaker 1: where they kind of go in and this is if

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Speaker 1: you have kind of smaller fibroids. And then there's the

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Speaker 1: one where they actually like have to cut you open

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Speaker 1: and like open up your uterus. Sorry, James, whoever was listening,

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Speaker 1: who's a dude, Like, yikes, and they actually have to

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Speaker 1: like kind of go in and cut out the fiboids.

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Speaker 1: So I had one one that was pretty big. That

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Speaker 1: was the one that was stopping me from in Superman

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Speaker 1: from getting pregnant. You know, that's weird because I'm like,

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Speaker 1: it's not like he's getting pregnant. You know, They're like,

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Speaker 1: we're pregnant. I'm like, no, I'm pregnant.

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Speaker 3: But it's just a nice one that you stay to

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Speaker 3: make the man feel involved.

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Speaker 1: So after three weeks you can try and you know,

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Speaker 1: it was so crazy because the woman next to me,

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Speaker 1: who was excuse me.

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Speaker 3: Oh, oh, I'm trying to like hold it up, like

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Speaker 3: hold on, hold on.

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Speaker 1: Oh sorry, so sorry. Yes, the coughing and the sneezing

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Speaker 1: is my mortal enemy. So the woman who was in

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Speaker 1: the hospital room next to me, she actually had the

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Speaker 1: same factor as I did. So it was really great,

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Speaker 1: And I mean I did my research on my doctor,

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Speaker 1: but it was really nice to hear from someone else

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Speaker 1: who had her how awesome she was, Oh no, why

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Speaker 1: am I sneezing? Hold on? Not one to go, oh

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Speaker 1: my god, you know, and out of nowhere, I was

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Speaker 1: not sneezing, and uh, she actually was. The woman next

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Speaker 1: to me was telling me about you. Remember, I don't

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Speaker 1: know if I I'm sure. I mentioned that although Jerrelle

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Speaker 1: and I will probably try naturally, we're going to go

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Speaker 1: straight into trying with IVS. That's the when you basically

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Speaker 1: implant the baby, you know, because I don't. Because you

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Speaker 1: can try, we can try after three months, they said.

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Speaker 1: But I don't wanna because naturally, even if you're like,

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Speaker 1: you're perfectly healthy, everything's right, it could take, you know,

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Speaker 1: a year. I've had friends who I remember, my mom

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Speaker 1: has five kids, and it took her the first time

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Speaker 1: to get pregnant. It took like a year and a half.

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Speaker 1: So I just don't want to wait that long. So

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Speaker 1: I want to really be proactive and just go. And

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Speaker 1: Darrell has, oh, Superman has awesome that's awesome insurance, so

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Speaker 1: we might as well kind of like try simultaneously. And

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Speaker 1: the woman who was next to me said, that she'd

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Speaker 1: done the same thing, got married at thirty six, and

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Speaker 1: together she and her husband had got pregnant at thirty eight,

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Speaker 1: and she gave me a great place in New Jersey

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Speaker 1: that she was like that so many people women have

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Speaker 1: had success with and so that's who we're going to go.

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Speaker 1: And so I'm super excited.

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Speaker 2: Now.

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Speaker 1: I don't know how much I'll share during the IVF time,

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Speaker 1: because you know, like there's no guy. I mean, I

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Speaker 1: know so many people it doesn't work out for. I

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Speaker 1: might be like it's not working, it is working. I

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Speaker 1: guess I'll see how I feel. I might be like

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Speaker 1: my business even though I told you guys so much

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Speaker 1: so far, but I feel like if it's not working,

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Speaker 1: I'm sure I'm not going to be in the best

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Speaker 1: of moods. So I'll see how I feel during that

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Speaker 1: time as we were kind of going through the cycles.

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Speaker 1: But definitely, obviously if it works, you'll know because I'll

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Speaker 1: be like, Yay, we're pregnant. And if it doesn't, you'll

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Speaker 1: know because I'll be like, mom's the word mind your business?

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Speaker 3: Also will I'm just not going to say anything except

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Speaker 3: that we're all I'm really at least you have this

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Speaker 3: hurdle out of the way, like without doing this, you know,

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Speaker 3: so now you can at least look past this hurdle

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Speaker 3: and think about the fun times ahead exactly.

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Speaker 1: So yep, that's my update. What was actually? What have

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Speaker 1: you been doing since you had your week off?

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Speaker 2: Oh? You know week off?

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Speaker 3: I don't feel that way.

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Speaker 1: Well.

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Speaker 2: I remember a.

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Speaker 3: Couple of weeks ago I had I had brought up

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Speaker 3: that the market seemed to be being a little temperamental,

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Speaker 3: and it had it had like dipped two hundred points

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Speaker 3: that day, a couple of weeks ago, and I did

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Speaker 3: my little speel about, you know how we shouldn't sort

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Speaker 3: of been we shouldn't be freaking out that the market,

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Speaker 3: you know, was always sort of when we've been we've

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Speaker 3: had a bull market, and by bull market, I mean

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Speaker 3: a really strong market, stocks doing well for so long,

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Speaker 3: for like the last seven years, seven eight years, it

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Speaker 3: was we were always sort of bound to go down

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Speaker 3: a little bit. And I guess that was the first

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Speaker 3: hint of it. And then last week, everything just the

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Speaker 3: shit kind of hit the fan and the Dow dropped

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Speaker 3: a thousand points, like twelve hundred points in one day,

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Speaker 3: and basically all the returns that we enjoyed in the

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Speaker 3: stock market for the last months from the beginning of

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Speaker 3: the year, just went poofs and well that's where we started.

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Speaker 3: So of course, like everyone was sort of freaking out,

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Speaker 3: and I got a lot of questions, you know what,

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Speaker 3: you know, what does this mean? Whinded it happening?

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Speaker 2: What should I do?

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Speaker 3: And I just wanted to reiterate what I was saying before,

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Speaker 3: which is one, if you're if you were investing for tomorrow,

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Speaker 3: then yeah, you should be freaked out because you just

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Speaker 3: lost you know, you know, probably four percent of your portfolio,

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Speaker 3: just something like that. But I think most of us,

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Speaker 3: at least the average person, if you're investing in a

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Speaker 3: four one K, you're investing for decades away, I mean

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Speaker 3: hopefully decades away. And if you are in a four

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Speaker 3: to one K and you are closer to retirement, you

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Speaker 3: shouldn't be so overly leveraged in stocks that you feel

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Speaker 3: something like this really bad. Like if you felt really

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Speaker 3: like if you look at your portfolio and it went

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Speaker 3: down significantly and you're close to retirement, you should probably

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Speaker 3: be reallocating your assets, like you should be less exposed

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Speaker 3: to risk, which means less stock and taking on more

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Speaker 3: safe investments that you know are less you know, volatile

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Speaker 3: or whatnot. So that's like the first feel which is

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Speaker 3: just like, calm down, don't freak out. This does not

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Speaker 3: mean you should go to your retirement fund and stop

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Speaker 3: putting money in it. In fact, yeah, like this is

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Speaker 3: the way I like to think about it because I

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Speaker 3: was I was a recession graduate baby graduated two thousand

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Speaker 3: and nine, open my first four one k and twenty ten.

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Speaker 3: I feel really lucky to have gotten my four one

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Speaker 3: k open during the recession, or at least on the

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Speaker 3: other side of it, because once docs are down, like

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Speaker 3: you don't have to contribute as much money to get

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Speaker 3: as much equity, so you are It's kind of think

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Speaker 3: of it like a clearance sale. Yeah, so the money

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Speaker 3: you're putting in now you're going to get more for it,

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Speaker 3: and when the market rebounds, which historically it usually does,

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Speaker 3: your portfolio will grow and you'll rebound and you'll be

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Speaker 3: grateful that you stayed in the market versus running for it.

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Speaker 3: Like there's studies you can go back to. Fidelity to

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Speaker 3: Big did a big study on this, like of people

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Speaker 3: who during the recession left the market, how their portfolios

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Speaker 3: did compare to people who rode with it and stuck

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Speaker 3: with it, and people who stuck with it did it

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Speaker 3: significantly better. So calm down. Like I was hearing things

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Speaker 3: like Betterment and Wealth Front, I think Betterment for sure

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Speaker 3: was like crashing because all the investors were trying just

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Speaker 3: like like robo advisor.

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Speaker 1: Yeah, pull their money out.

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Speaker 2: Yeah.

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Speaker 3: Yeah. So that's the first thing I said. And then

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Speaker 3: next I talked to my so at lending Tree. We

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Speaker 3: have a you know, my company me was acquired by

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Speaker 3: lending Tree now and we have this great chief economist

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Speaker 3: who sits in our office in New York. So I

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Speaker 3: got the expert sitting right across from me, and I'm like,

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Speaker 3: so hey, tend shout out to ten Die, Explain to me.

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Speaker 3: Tell me a story about why the market is freaking out,

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Speaker 3: because I wanted to understand because it can be a

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Speaker 3: number of different things. Like I last week, we saw

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Speaker 3: there was this announcement that came out and this is

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Speaker 3: how like the market just it just is so emotional.

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Speaker 3: Like last week or week before JP Morgan Berkshire Hathaway,

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Speaker 3: you know, owned by Warren Buffett and Amazon announced that

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Speaker 3: they were going to create a new healthcare company couldn't

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Speaker 3: even say what it was going to be or what

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Speaker 3: it was going to do. They just said it, and

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Speaker 3: the market went down for healthcare stocks. So like, just

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Speaker 3: the fact that this company made this announcement can turn

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Speaker 3: the market a certain way, Like you can't plan your

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Speaker 3: life around those news events that have these like little

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Speaker 3: ill adverse effects on the market. But anyway, nothing like

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Speaker 3: that had happened last week on Friday when the market

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Speaker 3: went down. So I asked Tende, what's happening and he

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Speaker 3: actually told me that. So imagine when you're like, if

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Speaker 3: you think about all these analysts, like all these analysts

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Speaker 3: who are saying what the value of all these companies are,

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Speaker 3: all those stocks are, They're not like humans anymore. They're

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Speaker 3: these robots. There are these algorithms and they have all

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Speaker 3: these different mathematical equations how they decide how the economy

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Speaker 3: is doing, and how inflation's doing, and what the value

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Speaker 3: of companies is going to be in the future, and

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Speaker 3: then they adjust their value of different companies based on

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Speaker 3: all those algorithms. So what happened was last week the

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Speaker 3: jobs report came out. So the Bureau of Labor Statistics

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Speaker 3: every month puts out a big report that Trump loves

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Speaker 3: to say is all his you know, to all his

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Speaker 3: credit saying how many new jobs were created America. We

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Speaker 3: created like a two hundred thousand new jobs last month,

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Speaker 3: which is exciting. We'll do. What we also found is

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Speaker 3: that wages were going up. Wages wages increased by two

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Speaker 3: point eight or two point nine percent. So that's the

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Speaker 3: sign that things that inflation is happening. And when the

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Speaker 3: algorithms see that in's happening, was inflation means inflation means

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Speaker 3: that the dollar you have today, as inflation goes up,

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Speaker 3: it's going to be worth less tomorrow, in the day after,

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Speaker 3: any year from now. So these algorithms are saying, oh, shoot,

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Speaker 3: if you bought company, if you bought equity and company

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Speaker 3: ABC today tomorrow, that might go down because inflation's rising,

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Speaker 3: So let me put the value down today. And all

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Speaker 3: the algorithms started doing that at the same time. So

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Speaker 3: that's why we saw this sharp drop in value.

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Speaker 2: Now.

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Speaker 3: The way he explained it is, yes, the algorithms are

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Speaker 3: all going down, but eventually the other algorithms, the battle

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Speaker 3: of the robots, are going to say, okay, we've kind

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Speaker 3: of reached a bottom, like things are things are actually

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Speaker 3: a pretty good price right now, so you guys should

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Speaker 3: start buying these equities.

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Speaker 1: This is a good deal.

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Speaker 2: Back up.

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Speaker 1: You know what it reminds me of have you ever

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Speaker 1: seen what was the the movie with Eddie Murphy and

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Speaker 1: the trading places? I think that's what it's called. Yeah, right,

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Speaker 1: if you've never if you wanting to understand the market,

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Speaker 1: obviously they don't trade like that anymore. But if you're

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Speaker 1: wanting to understand the market, there's a really great clip.

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Speaker 3: Maybe you can look at it.

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Speaker 1: Look for it on YouTube where he really explains like

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Speaker 1: commodities and just how the market works with like supply

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Speaker 1: and demand, and it just really gets you to understand

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Speaker 1: that it's based upon emotions. And you know, people move

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Speaker 1: one way and all of a sudden, everybody moves that

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Speaker 1: way or moves in the opposite direction, and so yeah,

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Speaker 1: and it's robots.

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Speaker 2: Moving in that direction.

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Speaker 3: That's what's so funny, Like it's too nice pray to

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Speaker 3: these emotional robots. But even as autonomous is like stop,

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Speaker 3: you know this this is gonna like it's gonna be eventually,

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Speaker 3: it's gonna correct itself. And even then, like you have

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Speaker 3: to develop a tolerance to these types of situations because

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Speaker 3: they're gonna happen. And if you're investing for the long term,

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Speaker 3: like you have to look at how the market's performed

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Speaker 3: over the last average, I don't know, thirty forty years

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Speaker 3: and see that over time, it always there's always a

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Speaker 3: return on or there has been a nice return on investment,

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Speaker 3: and just keep remembering that, Like I told you, I

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Speaker 3: think I told you guys and probably everyone if you've

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Speaker 3: if you had a four to one K and you're

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Speaker 3: heavily invested in stocks the last few years, Like last year,

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Speaker 3: I earned twenty two percent on my investment. That's all

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Speaker 3: we dropped. Yeah, so we dropped four percent in a month,

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Speaker 3: Like that sucks, but I am mad, like yeah, you know,

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Speaker 3: I'm glad that we had that great year, but it

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Speaker 3: was never gonna last forever. And you know, it's it's

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Speaker 3: it's just it's just fun for me. I mean it's

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Speaker 3: not fun, it's it's stressful, but it's also fun to

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Speaker 3: see everyone just happens again and again. The market goes down,

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Speaker 3: people freak out, people say, don't panic, and you know, it.

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Speaker 1: Always everybody paying, you know, I And this is one

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Speaker 1: of the reasons too, why I mean, obviously, I think

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Speaker 1: that you're wanting to invest in not just one one vehicle,

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Speaker 1: and so that way, like I wouldn't have all my

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Speaker 1: investments for example, like of course I'm buying property, but

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Speaker 1: I don't want all my investments to just be in property,

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Speaker 1: and I don't want all my investments to just be

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Speaker 1: in stocks or all my investments to just be in

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Speaker 1: the ets of her, just because I and I don't

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Speaker 1: like I'm not a I don't know, I guess because

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Speaker 1: I don't look at it every sing. I know, some

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Speaker 1: people trade, so they look at their their portfolio or

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Speaker 1: they look at their you know, their investments there every

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Speaker 1: single day. And even then all of my friends, like

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Speaker 1: you know, you know Tila, Tila Holcome. Yeah, yeah, So

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Speaker 1: like Tila, she trades for a living, and so she

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Speaker 1: was giving up some really great advice about like staying

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Speaker 1: calm and trying to remove your emotions. Tila teaches women

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Speaker 1: how to trade. They're nine to five for trading, you know,

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Speaker 1: which I think is really cute. But yeah, so I'm

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Speaker 1: always looking at folks like that. Sandy Smith does a

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Speaker 1: really good job too, with like even though Sandy speaks

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Speaker 1: mostly about like budgeting, and stuff. But she herself is

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Speaker 1: a pretty good investor, so she's always sharing like tips

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Speaker 1: and stuff on her Facebook page, and I'm always like looking,

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Speaker 1: I actually reached out to them. Are you part of

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Speaker 1: I want to be a part of an investment club

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Speaker 1: of women's investment clubs.

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Speaker 3: I know I don't have the I don't have I'm

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Speaker 3: too anxious as a person, like you got to know yourself.

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Speaker 3: My risk tolerance is not so high. Like it's one

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Speaker 3: thing to be like to have a bunch of like

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Speaker 3: a target date fund, like really highly invested in equities.

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Speaker 2: But I don't know, I get stressed out like I've

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Speaker 2: had that.

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Speaker 3: I've had one thousand dollars sitting in my robin Hood

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Speaker 3: account and I'm afraid. I'm like, I mean, I'm gonna

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Speaker 3: get it out of there because.

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Speaker 1: I know I think I Robinhood account. I'm like, I

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Speaker 1: think I do well.

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Speaker 3: Here's the thing like with Robinhood, just real quick. Robinhood

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Speaker 3: you probably heard of it. It's an investment app. It's

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Speaker 3: a trading app. It's awesome because they don't charge any fees,

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Speaker 3: like if you trade through a trade. So let's say

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Speaker 3: you want to buy, you have you know five hundred

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Speaker 3: dollars and you, you know, want to buy two hundred

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Speaker 3: dollars of Google stock, like you'll get I don't know,

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Speaker 3: a tent of a share whatever. Then they'll charge you

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Speaker 3: ten dollars per trade. So that's that adds up over time.

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Speaker 3: But robinhood charges zero fees. But what it doesn't have,

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Speaker 3: Like Robinhood's only individual stocks, you.

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Speaker 2: Can't trade mutual funds and mutual funds.

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Speaker 3: Again, a mutual fund is like a bunch of it.

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Speaker 3: It's a bunch of pieces of companies in one little package.

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Speaker 3: So you're you're spreading out your investments across many different

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Speaker 3: types of companies. And it's just considered to be a

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Speaker 3: safer way to invest and get a good return. And

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Speaker 3: the fact when I found that out, I don't know

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Speaker 3: why I didn't understand that before. And now I'm like, oh,

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Speaker 3: I don't want to do this.

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Speaker 2: Why Like with a thousand bucks, I could have, like.

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Speaker 3: I don't know, a quarter share of Apple and like

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Speaker 3: a quarter share of Chipotle.

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Speaker 2: I don't know, why would I want to four stocks?

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Speaker 2: That seems silly.

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Speaker 1: Yeah, don't make me loud.

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Speaker 2: Sorry.

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Speaker 1: So it was a very busy finance leek. I'm excited

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Speaker 1: because I actually for questions. I have a question, like

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Speaker 1: when we get to that part of the show, somebody

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Speaker 1: hit me on hit me, I slid into the d

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Speaker 1: MS on ig and it was just a really good question.

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Speaker 1: So maybe we can answer more than one if you

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Speaker 1: have a really good one too, are you?

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Speaker 3: But I need to make a to make a note

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Speaker 3: about Instagram right now. So they kicked me out.

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Speaker 2: Of my personal account.

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Speaker 3: They that I do not I have no idea, so

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Speaker 3: well I do kind of have an idea. I deleted

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Speaker 3: my app because I was getting up in the morning

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Speaker 3: and I was not going to work out, and I

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Speaker 3: was not getting up, like I was like eating up

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Speaker 3: all my productive time scrolling on Instagram, like in bed

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Speaker 3: in the darkness, and I was like, let me stop this.

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Speaker 3: So I decided to delete my app.

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Speaker 2: For a week.

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Speaker 3: And then I went to add it back because I

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Speaker 3: had a cute picture to post, of course, and like

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Speaker 3: I was like, I'm going to stop Instagram until I

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Speaker 3: got something cute to share. Anyway, I tried. I tried

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Speaker 3: to log back in, and it doesn't know who I am.

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Speaker 3: It's like who dis new number? Like what is it

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Speaker 3: the new number?

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Speaker 1: Who dis?

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Speaker 3: And it was like, we can't help you. Contact support.

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Speaker 3: It's impot like it was. So it took me forever

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Speaker 3: to figure out how to actually send them an email,

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Speaker 3: and I did and I haven't heard back, like terrible

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Speaker 3: customer support. So anyway, you may have realized now what

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00:18:52,920 --> 00:18:55,160
Speaker 3: I can log into is a Brown Ambition account, which

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Speaker 3: I've been sadly neglected for so long though. I just

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Speaker 3: decided I'm just going to put my Instagram energy into

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Speaker 3: sharing stuff on the Brown Ambition Instagram account, which does exist,

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Speaker 3: and you can follow us at Brown Ambition Podcast on

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Speaker 3: the Instagram, and I'm going.

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Speaker 2: To be posting some stuff.

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Speaker 1: Do you think that Have you linked your Instagram to

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Speaker 1: your Facebook? Because I remember one time somebody actually hacks

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Speaker 1: into my Instagram and it was like posting all these

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Speaker 1: random like I don't know it was. I think it

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Speaker 1: was a Russian model, at least that's what I read,

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Speaker 1: and she was like posting all these pictures. I was like,

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Speaker 1: wait a minute. So thankfully my Instagram is also linked

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Speaker 1: because of course she changed my passwords so I couldn't

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Speaker 1: get in, but my Instagram is also linked to my Facebook,

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Speaker 1: so I was able to for my computer log in

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Speaker 1: that way. And then go in and change and lock

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Speaker 1: her out. But I was like, that was crazy.

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Speaker 3: I don't think it was anything like that. I mean,

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Speaker 3: it is linked to my Facebook and I've even tried

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Speaker 3: to log in with Facebook but it.

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Speaker 2: Won't let me.

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Speaker 3: It is really it's, yeah, don't ever delete your I mean,

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Speaker 3: and I didn't even delete my account, like I just

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Speaker 3: took the app off my phone, and wow, treating me

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Speaker 3: like I'm a second rate, Like yeah, no, I heard

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Speaker 3: that you have to send them a picture of yourself

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Speaker 3: with your Instagram name on a piece of paper and

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Speaker 3: your name written out like a sad like headshot photo.

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Speaker 3: And I'm like, I don't know if I want to

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Speaker 3: stoop that low.

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Speaker 1: That was like I for Facebook. Somebody told on me

435
00:20:13,680 --> 00:20:15,520
Speaker 1: and said budget me saying her name. I said, these

436
00:20:15,560 --> 00:20:18,440
Speaker 1: haters out here, and this was maybe like a year

437
00:20:18,560 --> 00:20:22,000
Speaker 1: so not loud. It was like maybe like a year

438
00:20:22,080 --> 00:20:23,760
Speaker 1: or so ago because my name on Facebook used to

439
00:20:23,800 --> 00:20:27,040
Speaker 1: be Tiffany's the budget Nissa Elich. And I did a

440
00:20:27,040 --> 00:20:29,000
Speaker 1: little research and I found out that the only way

441
00:20:29,000 --> 00:20:31,359
Speaker 1: they know that's not your name obviously is somebody has

442
00:20:31,400 --> 00:20:33,240
Speaker 1: to report it because there's like, you know, whatever, billions

443
00:20:33,240 --> 00:20:36,000
Speaker 1: of people on Facebook, and so I was like, who'll

444
00:20:36,040 --> 00:20:38,280
Speaker 1: report that? Like that just seems so petty. So anyway,

445
00:20:38,800 --> 00:20:41,919
Speaker 1: they like wouldn't let me like so I was able to, like,

446
00:20:41,960 --> 00:20:43,760
Speaker 1: you know, get back in, but they were like, you

447
00:20:43,800 --> 00:20:45,199
Speaker 1: have to use your real name, so I had to,

448
00:20:45,280 --> 00:20:48,080
Speaker 1: like that's why my name, my full name is on Facebook,

449
00:20:48,080 --> 00:20:50,600
Speaker 1: my full government, even my middle initial, which I'm slightly

450
00:20:50,600 --> 00:20:55,320
Speaker 1: annoyed because I'm like really, but whatever. So yeah, these

451
00:20:55,359 --> 00:20:58,720
Speaker 1: social media sites. It just because one thing that did

452
00:20:58,760 --> 00:21:00,320
Speaker 1: scare me. So if you have a business, this is

453
00:21:00,359 --> 00:21:03,479
Speaker 1: just a little thing that you should do. So at

454
00:21:03,520 --> 00:21:05,359
Speaker 1: the time when I was kicked out of my Facebook page,

455
00:21:05,400 --> 00:21:08,879
Speaker 1: I was the admin of all of my Facebook like

456
00:21:09,000 --> 00:21:11,000
Speaker 1: my personal page, was the admint of all of my

457
00:21:11,080 --> 00:21:12,959
Speaker 1: groups and like my pages and all the other kind

458
00:21:12,960 --> 00:21:15,760
Speaker 1: of my business stuff on Facebook. And when I got

459
00:21:15,840 --> 00:21:18,680
Speaker 1: kicked out, I was locked out of those things, and

460
00:21:18,760 --> 00:21:20,560
Speaker 1: I was like, wait a minute, and I was the

461
00:21:20,600 --> 00:21:22,399
Speaker 1: only admint. So what I did was I created a

462
00:21:22,440 --> 00:21:26,520
Speaker 1: secondary page. And so once I got back in, and

463
00:21:26,560 --> 00:21:28,239
Speaker 1: it took maybe like a month or so, I don't know,

464
00:21:28,440 --> 00:21:30,399
Speaker 1: once I got back in, I made sure so I

465
00:21:30,440 --> 00:21:33,800
Speaker 1: have two of my pages or admins of all of

466
00:21:33,840 --> 00:21:36,320
Speaker 1: my groups and stuff. That way, I don't lose full

467
00:21:36,359 --> 00:21:38,960
Speaker 1: control if just in case, something happens to my Facebook page.

468
00:21:39,000 --> 00:21:40,439
Speaker 1: So you want to make sure that if you have

469
00:21:40,520 --> 00:21:43,680
Speaker 1: a Facebook like business page, Facebook groups, all that stuff,

470
00:21:43,840 --> 00:21:46,840
Speaker 1: that there's two of you on Facebook that are that

471
00:21:46,920 --> 00:21:49,720
Speaker 1: are asked to have behind the scenes access just in

472
00:21:49,760 --> 00:21:52,680
Speaker 1: case something should happen to your primary page.

473
00:21:53,600 --> 00:21:54,080
Speaker 2: Good point.

474
00:21:54,840 --> 00:21:56,720
Speaker 1: Yeah, it's hard out here because you want to be

475
00:21:56,760 --> 00:21:58,960
Speaker 1: like forget Facebook, but then you're like, yeah, I need it.

476
00:21:59,400 --> 00:22:02,520
Speaker 3: I was like I was, I just thought I could

477
00:22:02,560 --> 00:22:05,400
Speaker 3: take a break. It's just insane. I have one other

478
00:22:05,480 --> 00:22:08,600
Speaker 3: quick short story to share, like a warning. I was

479
00:22:08,720 --> 00:22:10,240
Speaker 3: going to make it my break, but I have a

480
00:22:10,280 --> 00:22:14,480
Speaker 3: better booth to share, so just real quick, I realized

481
00:22:14,480 --> 00:22:18,080
Speaker 3: something about credit freezes. So, you know the Equifax data breaches.

482
00:22:18,240 --> 00:22:21,520
Speaker 3: The data breach happened last last fall. One hundred and

483
00:22:21,560 --> 00:22:25,080
Speaker 3: forty three million Americans personal information was exposed, and massive

484
00:22:25,119 --> 00:22:28,879
Speaker 3: embarrassment for Equifax, like they were supposed to be investigated

485
00:22:28,880 --> 00:22:31,760
Speaker 3: by the Consumer Financial Protection Bureau, you know, of course,

486
00:22:31,840 --> 00:22:34,679
Speaker 3: until Trump appointed some guy who decided to you know,

487
00:22:34,760 --> 00:22:38,040
Speaker 3: walk away from the investigations. Anyway, I digress. But in

488
00:22:38,080 --> 00:22:40,359
Speaker 3: the wake of this attack and like this data breach.

489
00:22:42,000 --> 00:22:45,040
Speaker 3: A lot of personal finance experts, including Magnified Money I

490
00:22:45,080 --> 00:22:47,960
Speaker 3: Will take Credit, gave the advice to get a credit freeze.

491
00:22:48,000 --> 00:22:51,200
Speaker 3: It's good advice on like audience face value, because when

492
00:22:51,200 --> 00:22:53,400
Speaker 3: you do a credit freeze with all three credit bureaus,

493
00:22:53,400 --> 00:22:56,359
Speaker 3: you're stopping anyone from opening credit in your name. And

494
00:22:56,400 --> 00:22:58,560
Speaker 3: I went and did this, okay, all three accounts. I

495
00:22:58,560 --> 00:23:00,359
Speaker 3: was like, let me walk the talk that I'm talking

496
00:23:00,400 --> 00:23:05,160
Speaker 3: on the internet. So I froze my account at TransUnion, Experience, Equifax,

497
00:23:05,480 --> 00:23:07,720
Speaker 3: and then I started running into trouble, like with with

498
00:23:07,800 --> 00:23:10,280
Speaker 3: stuff that I didn't understand was related to a credit freeze.

499
00:23:10,320 --> 00:23:13,399
Speaker 3: Because for me, like I thought, okay, if someone can't

500
00:23:13,400 --> 00:23:16,360
Speaker 3: obviously get a credit card, somebody couldn't open a mortgage

501
00:23:16,560 --> 00:23:19,080
Speaker 3: or you know, even get a cell phone like that

502
00:23:19,119 --> 00:23:22,000
Speaker 3: stuff made sense to me. I didn't understand that when,

503
00:23:22,440 --> 00:23:24,560
Speaker 3: like some banks, I was trying to open up a

504
00:23:24,560 --> 00:23:28,679
Speaker 3: CD account with Ally and they would not let me

505
00:23:29,040 --> 00:23:31,640
Speaker 3: and I couldn't figure out why. And I eventually got

506
00:23:31,720 --> 00:23:33,680
Speaker 3: on live chat with them and they said it was

507
00:23:33,720 --> 00:23:36,159
Speaker 3: because I had a credit freeze and I had to

508
00:23:36,240 --> 00:23:39,480
Speaker 3: go and undo it. Well, it sounds easy and it

509
00:23:39,560 --> 00:23:41,639
Speaker 3: should be like, and I was able to do it

510
00:23:41,680 --> 00:23:44,680
Speaker 3: at two out of the three bureaus, but of course Equifax,

511
00:23:45,960 --> 00:23:48,159
Speaker 3: I had to mail them a letter like a paper

512
00:23:48,240 --> 00:23:52,000
Speaker 3: letter to yes, and I was like, well, you're talking

513
00:23:52,000 --> 00:23:53,560
Speaker 3: to me about a mail a letter and there was no

514
00:23:53,600 --> 00:23:55,840
Speaker 3: phone like there was a phone number, but even the

515
00:23:55,840 --> 00:23:58,679
Speaker 3: phone number was like if you want to remove a freeze,

516
00:23:58,720 --> 00:24:01,640
Speaker 3: you must you know, here's the addres us buy like,

517
00:24:02,160 --> 00:24:03,639
Speaker 3: So I had to mail them a letter and I

518
00:24:03,640 --> 00:24:05,840
Speaker 3: couldn't open this account, which was really frustrating to me.

519
00:24:06,440 --> 00:24:08,520
Speaker 3: And just that experience, I was thinking, well, someone's like

520
00:24:08,520 --> 00:24:11,280
Speaker 3: a plant. If you're in a mortgage process and it's

521
00:24:11,320 --> 00:24:13,800
Speaker 3: down to the wire and you have a credit freeze,

522
00:24:13,800 --> 00:24:15,560
Speaker 3: like it may feel like, oh you can just get

523
00:24:15,560 --> 00:24:17,520
Speaker 3: that freeze lifted really easily.

524
00:24:17,680 --> 00:24:18,920
Speaker 2: Just just watch out.

525
00:24:18,760 --> 00:24:20,879
Speaker 3: Because it may not be that easy. So give yourself

526
00:24:20,880 --> 00:24:23,920
Speaker 3: extra time to mail your letter to Equifax or whoever.

527
00:24:25,560 --> 00:24:26,560
Speaker 3: And that is that's all.

528
00:24:26,640 --> 00:24:27,360
Speaker 2: That's all I can try.

529
00:24:27,359 --> 00:24:29,919
Speaker 1: And two you can also like because remember I so

530
00:24:30,080 --> 00:24:32,080
Speaker 1: during that time, well before then, I instead of a

531
00:24:32,080 --> 00:24:34,359
Speaker 1: credit freeze, the reason why I didn't freeze mine is

532
00:24:34,359 --> 00:24:37,600
Speaker 1: because I signed up for what is the not a

533
00:24:37,640 --> 00:24:43,400
Speaker 1: monitoring service. I signed up. So let's have Life Alert, Life.

534
00:24:43,240 --> 00:24:44,720
Speaker 2: LifeLock, Life Live.

535
00:24:45,359 --> 00:24:47,000
Speaker 1: I'm like, hey, my problem, I can't get up, That's

536
00:24:47,000 --> 00:24:50,800
Speaker 1: what I'm not that old. And so I signed up

537
00:24:50,800 --> 00:24:53,880
Speaker 1: for LifeLock, which and there's other ones like that. Who

538
00:24:54,080 --> 00:24:58,080
Speaker 1: you know, LifeLock needs to give us a check. But no,

539
00:24:58,160 --> 00:25:00,360
Speaker 1: I just really liked it because it it did that

540
00:25:00,440 --> 00:25:03,520
Speaker 1: in that no one could open up an account under

541
00:25:03,520 --> 00:25:06,280
Speaker 1: my name. So if you try to open it up,

542
00:25:06,359 --> 00:25:09,959
Speaker 1: it would send me a text, phone call and an

543
00:25:10,000 --> 00:25:13,720
Speaker 1: email saying, hey, Tiffany, are you at ally bank trying

544
00:25:13,720 --> 00:25:15,400
Speaker 1: to open up a bank account? And if I say yes,

545
00:25:16,080 --> 00:25:17,960
Speaker 1: and they sometimes they ask another question, you're trying to

546
00:25:18,000 --> 00:25:19,760
Speaker 1: open up a bank account? If I the literally there's

547
00:25:19,760 --> 00:25:21,680
Speaker 1: a button on my phone I would click to say yes,

548
00:25:21,800 --> 00:25:24,240
Speaker 1: or on the phone call say yes, or the email

549
00:25:24,240 --> 00:25:26,680
Speaker 1: click the yes button and then it would say I

550
00:25:26,720 --> 00:25:29,479
Speaker 1: would be permitted to move forward. So it's like instead

551
00:25:29,480 --> 00:25:32,800
Speaker 1: of a freeze, it's more like a pause where no

552
00:25:32,840 --> 00:25:36,360
Speaker 1: one can open up anything in my name without answering

553
00:25:36,440 --> 00:25:38,000
Speaker 1: that question. And all of it is linked to my

554
00:25:38,119 --> 00:25:42,080
Speaker 1: obviously my phone and my email. And so that's a

555
00:25:42,119 --> 00:25:44,240
Speaker 1: great alternative if you don't want to go through like

556
00:25:44,240 --> 00:25:45,360
Speaker 1: a hardcore freeze.

557
00:25:45,920 --> 00:25:48,000
Speaker 3: Yeah, I totally agree. And the one thing I'll add

558
00:25:48,119 --> 00:25:50,640
Speaker 3: is that the three viureaus also are starting to offer

559
00:25:50,680 --> 00:25:51,399
Speaker 3: credit locks.

560
00:25:52,280 --> 00:25:53,119
Speaker 1: Okay, that's what it is.

561
00:25:53,240 --> 00:25:56,800
Speaker 3: Yeah, a credit lock, which is just much easier to

562
00:25:57,000 --> 00:25:59,040
Speaker 3: unlock your account than it is to unfreeze it, but

563
00:25:59,040 --> 00:26:01,119
Speaker 3: it has the same effect. So for me, I'm like,

564
00:26:01,160 --> 00:26:02,960
Speaker 3: I took all my phrases off and I'm just gonna

565
00:26:03,000 --> 00:26:05,560
Speaker 3: do a lock instead. And Equifax just rolled out an

566
00:26:05,600 --> 00:26:08,120
Speaker 3: app which I heard doesn't work that great.

567
00:26:07,920 --> 00:26:10,080
Speaker 2: But anyway, give it a try. You should be able

568
00:26:10,119 --> 00:26:10,760
Speaker 2: to lock.

569
00:26:10,680 --> 00:26:20,600
Speaker 3: And unlock your account right from your phone.

570
00:26:22,080 --> 00:26:27,320
Speaker 1: It's time to brown boosts, Brown Break, Brown boosts, Brown Break.

571
00:26:28,440 --> 00:26:30,080
Speaker 1: Are you gonna break? Are you gonna boost?

572
00:26:30,320 --> 00:26:31,200
Speaker 3: I'm gonna boost.

573
00:26:31,920 --> 00:26:34,280
Speaker 2: Okay, I'll go first.

574
00:26:34,320 --> 00:26:36,560
Speaker 3: Okay, you didn't give me a choice.

575
00:26:36,359 --> 00:26:39,640
Speaker 1: And I know what the like an your run.

576
00:26:40,840 --> 00:26:42,520
Speaker 3: So what happened?

577
00:26:43,840 --> 00:26:45,240
Speaker 2: It was just kind of awkward.

578
00:26:45,320 --> 00:26:48,440
Speaker 3: So remember how remember way back when, like a few

579
00:26:48,440 --> 00:26:51,480
Speaker 3: weeks ago, and every week since I think the podcast started,

580
00:26:51,480 --> 00:26:54,679
Speaker 3: when I've told you that my husband and I have

581
00:26:54,840 --> 00:26:58,119
Speaker 3: never really agreed on whether we would buy something like

582
00:26:58,160 --> 00:27:02,320
Speaker 3: a house or keep ryding thing. And I was really

583
00:27:02,359 --> 00:27:05,479
Speaker 3: pushing hard against buying something because I just felt like

584
00:27:06,160 --> 00:27:08,479
Speaker 3: stuff in New York City and New Jersey is just

585
00:27:08,520 --> 00:27:12,720
Speaker 3: really really expensive unless you unless you you know, want

586
00:27:12,760 --> 00:27:16,400
Speaker 3: to invest in a property that's a fixer upper. And

587
00:27:16,480 --> 00:27:19,399
Speaker 3: even then, like nothing really seemed worth it in terms

588
00:27:19,440 --> 00:27:21,720
Speaker 3: of like the effects it would have on our work commute,

589
00:27:21,760 --> 00:27:23,840
Speaker 3: because right now we have a twenty four minute work commute,

590
00:27:23,840 --> 00:27:27,040
Speaker 3: and we would be looking at an hour plus anywhere

591
00:27:27,040 --> 00:27:29,320
Speaker 3: we went. So anyway, I had like put my foot.

592
00:27:29,040 --> 00:27:30,359
Speaker 2: In the ground and I was like, it's not happening.

593
00:27:30,359 --> 00:27:31,080
Speaker 2: It's not happening.

594
00:27:31,560 --> 00:27:34,960
Speaker 3: But does something happen the last few weeks we started

595
00:27:35,040 --> 00:27:39,480
Speaker 3: visiting this, We started visiting actual neighborhoods and looking at

596
00:27:39,520 --> 00:27:42,439
Speaker 3: places and seeing what was out there, and we were

597
00:27:42,760 --> 00:27:47,920
Speaker 3: we happened, excuse me, we happened to Enrique, my husband

598
00:27:48,160 --> 00:27:51,400
Speaker 3: knew a guy from his college who was a realtor,

599
00:27:51,800 --> 00:27:54,879
Speaker 3: who invited us to go see a couple of apartments

600
00:27:54,920 --> 00:27:58,000
Speaker 3: around upstate New York, like half an hour outside the city.

601
00:27:59,080 --> 00:28:01,520
Speaker 3: And we didn't like any thing. On Saturday, just didn't

602
00:28:01,560 --> 00:28:04,320
Speaker 3: like anything. I was like, oh, exactly, my point was made.

603
00:28:04,359 --> 00:28:06,480
Speaker 3: This is never gonna work. And then we were around

604
00:28:06,520 --> 00:28:09,960
Speaker 3: like the Zillow app at lunch in upstate New York,

605
00:28:10,080 --> 00:28:13,200
Speaker 3: and I was looking at like have a function on your.

606
00:28:13,119 --> 00:28:15,000
Speaker 2: Zillow app where you can say where are.

607
00:28:14,880 --> 00:28:15,920
Speaker 3: The open houses near me?

608
00:28:16,800 --> 00:28:16,960
Speaker 1: Hm?

609
00:28:17,200 --> 00:28:19,640
Speaker 3: And we found I just saw this, this cute little

610
00:28:19,640 --> 00:28:22,400
Speaker 3: house and it said open house one to four and it.

611
00:28:22,359 --> 00:28:23,160
Speaker 2: Was like three o'clock.

612
00:28:23,160 --> 00:28:26,160
Speaker 3: So we raced over there and we ended up following

613
00:28:26,200 --> 00:28:28,200
Speaker 3: like it really sounds corny, well, we had.

614
00:28:28,080 --> 00:28:30,280
Speaker 1: This like, oh I could I could hear it you?

615
00:28:33,920 --> 00:28:36,840
Speaker 3: We had this really corny like like when I saw

616
00:28:36,880 --> 00:28:38,920
Speaker 3: my husband's face when he walked into the backyard and

617
00:28:38,960 --> 00:28:42,240
Speaker 3: saw this those cute little backyard, I'm just I just can't.

618
00:28:42,360 --> 00:28:44,400
Speaker 3: The only way to describe this place is cute and little,

619
00:28:44,440 --> 00:28:47,240
Speaker 3: because it's just all it is, cute little backyard. He

620
00:28:47,320 --> 00:28:49,280
Speaker 3: turned around and I saw his face and I was like,

621
00:28:49,280 --> 00:28:51,840
Speaker 3: oh shit, it's done. We are getting this house.

622
00:28:52,000 --> 00:28:53,600
Speaker 2: Like I was like, there's no turning back now.

623
00:28:54,280 --> 00:28:54,520
Speaker 1: Yeah.

624
00:28:56,200 --> 00:28:59,880
Speaker 3: So we very quickly worked and we were we were

625
00:29:00,000 --> 00:29:02,560
Speaker 3: negotiating with the sellers, who are just really I mean

626
00:29:02,600 --> 00:29:05,440
Speaker 3: I haven't met them, but like I think us being

627
00:29:05,480 --> 00:29:08,560
Speaker 3: a young brown couple and then being an older, retiring

628
00:29:08,600 --> 00:29:12,640
Speaker 3: brown couple, it right, like and you can tell who

629
00:29:12,680 --> 00:29:14,360
Speaker 3: those sellers are but not there, but you can tell

630
00:29:14,400 --> 00:29:17,000
Speaker 3: around the house. There's pictures, there's just a coutrement that

631
00:29:17,040 --> 00:29:21,200
Speaker 3: I'm like, yeah, these people, I know these people, right,

632
00:29:21,360 --> 00:29:24,320
Speaker 3: so these are my people. And their agent really liked us,

633
00:29:24,360 --> 00:29:27,600
Speaker 3: and I just left their feeling like this might work,

634
00:29:27,760 --> 00:29:30,480
Speaker 3: and we ended up putting in an offer a counter.

635
00:29:31,880 --> 00:29:33,960
Speaker 3: I know, I know this. I'm like, this is like

636
00:29:34,000 --> 00:29:36,680
Speaker 3: when I'm talking about this is Saturday or no, it's

637
00:29:36,680 --> 00:29:37,400
Speaker 3: a Sunday.

638
00:29:37,440 --> 00:29:38,880
Speaker 2: Yeah, Saturday. We saw this place.

639
00:29:39,400 --> 00:29:45,080
Speaker 3: Today is Tuesday, and they accepted our offer today.

640
00:29:45,680 --> 00:29:48,320
Speaker 1: Oh my gosh, Mandra.

641
00:29:48,440 --> 00:29:51,600
Speaker 2: I'm like, I'm sweating. I can't No.

642
00:29:51,880 --> 00:29:57,080
Speaker 1: That is so awesome. Honestly, it's I mean, it sounds corny,

643
00:29:57,160 --> 00:30:00,640
Speaker 1: it does, but there's something about having your own home

644
00:30:00,840 --> 00:30:02,560
Speaker 1: when it's the right fit. Now, you know, I'm definitely

645
00:30:02,560 --> 00:30:06,360
Speaker 1: not one of those renting versus buying or shaming one

646
00:30:06,360 --> 00:30:08,320
Speaker 1: way or the other. I mean, there are definitely some

647
00:30:09,120 --> 00:30:13,720
Speaker 1: financial benefits to both, and probably the scale tits a

648
00:30:13,720 --> 00:30:16,920
Speaker 1: little more toward obviously buying in the long run, but

649
00:30:17,640 --> 00:30:20,160
Speaker 1: there are some financial benefits towards renting too, So that's

650
00:30:20,200 --> 00:30:22,320
Speaker 1: not you know, because I'm like, I'm renting now, so

651
00:30:22,360 --> 00:30:24,000
Speaker 1: I hate when people make it like you're the fool

652
00:30:24,160 --> 00:30:27,560
Speaker 1: your rent, you know. But I just that other piece

653
00:30:27,600 --> 00:30:29,520
Speaker 1: that people don't talk about when you're buying, that feeling

654
00:30:29,600 --> 00:30:31,720
Speaker 1: that you feel like this is my house, you know,

655
00:30:32,000 --> 00:30:34,480
Speaker 1: like I could see like my kids here or you know,

656
00:30:34,600 --> 00:30:38,160
Speaker 1: and or my friends coming over. There's just that too,

657
00:30:38,240 --> 00:30:41,840
Speaker 1: And I'm glad that when you're in the right Yeah, exactly,

658
00:30:43,080 --> 00:30:44,480
Speaker 1: you know, right. I was thinking that. I was like,

659
00:30:44,480 --> 00:30:46,880
Speaker 1: you know what, though we don't have much of a yard, somebody,

660
00:30:46,880 --> 00:30:48,600
Speaker 1: we can't get a dog. But I was like, I

661
00:30:48,600 --> 00:30:50,480
Speaker 1: definitely want, like when we get a bigger yard, I

662
00:30:50,520 --> 00:30:52,520
Speaker 1: want even though I'm like, I'm not even a dog person,

663
00:30:52,520 --> 00:30:54,040
Speaker 1: but I just feel like you're supposed to get a dog.

664
00:30:54,360 --> 00:30:55,600
Speaker 1: And I'm like, if I have kids, I have a

665
00:30:55,600 --> 00:31:03,920
Speaker 1: dog walker. Oh that's awesome. Congratulations, Oh my gosh, that

666
00:31:04,080 --> 00:31:04,760
Speaker 1: is awesome.

667
00:31:05,080 --> 00:31:05,920
Speaker 2: It went really fast.

668
00:31:06,000 --> 00:31:08,560
Speaker 3: They got for the internet, like we were rapidly and

669
00:31:08,600 --> 00:31:11,200
Speaker 3: we did. I feel really, I feel really I feel

670
00:31:11,200 --> 00:31:12,600
Speaker 3: a lot of pressure to do this right because we

671
00:31:12,680 --> 00:31:15,320
Speaker 3: are getting a mortgage. We have a down payment. We've

672
00:31:15,320 --> 00:31:17,280
Speaker 3: had a down payment to be honest, for like two

673
00:31:17,400 --> 00:31:20,960
Speaker 3: years now. But I just didn't want to budge but

674
00:31:21,120 --> 00:31:23,520
Speaker 3: like doing the mortgage process, I feel this pressure like

675
00:31:23,640 --> 00:31:25,680
Speaker 3: many this is your job. You write about the mortgage

676
00:31:25,680 --> 00:31:28,320
Speaker 3: process like your career, so you must get this right.

677
00:31:28,440 --> 00:31:31,000
Speaker 3: So we did a lot of applying. Firstly that we

678
00:31:31,080 --> 00:31:34,760
Speaker 3: got some quotes, which are a pre qualification quote, which

679
00:31:34,800 --> 00:31:36,720
Speaker 3: is just like the lender saying based on a couple

680
00:31:36,720 --> 00:31:38,880
Speaker 3: of pieces of information like yeah, we probably gonna give

681
00:31:38,880 --> 00:31:41,160
Speaker 3: you the money. But what you really need if you

682
00:31:41,160 --> 00:31:44,320
Speaker 3: want a competitive offer is a pre approval so pre

683
00:31:44,440 --> 00:31:47,880
Speaker 3: approval letter that is when you're actually and in my case,

684
00:31:47,960 --> 00:31:52,440
Speaker 3: uploading documents to the lenders website like W two's bank statements,

685
00:31:52,480 --> 00:31:57,320
Speaker 3: retirement fund accounts, checking account statements. I had to write

686
00:31:57,320 --> 00:31:57,960
Speaker 3: a letter.

687
00:31:57,760 --> 00:32:00,000
Speaker 2: Explaining why I had two weeks off between.

688
00:31:59,800 --> 00:32:03,920
Speaker 3: Jobs when I left one job for another. Really yeah,

689
00:32:04,040 --> 00:32:05,880
Speaker 3: like it, you know, just a one sentence like I

690
00:32:05,880 --> 00:32:06,400
Speaker 3: was on vacation.

691
00:32:06,760 --> 00:32:09,440
Speaker 2: You know what else?

692
00:32:09,480 --> 00:32:13,320
Speaker 3: Did we have to send proof of like restricted stock

693
00:32:13,440 --> 00:32:15,720
Speaker 3: units so you know from companies that I've worked for,

694
00:32:16,800 --> 00:32:19,880
Speaker 3: just all all your financial history, tax returns, whatever, have

695
00:32:20,000 --> 00:32:22,800
Speaker 3: it all uploaded. And thankfully we're really organized and we

696
00:32:23,160 --> 00:32:26,160
Speaker 3: got everything together and we were able to apply for

697
00:32:26,280 --> 00:32:29,600
Speaker 3: pre approval letters at a couple of lenders, and eventually

698
00:32:29,640 --> 00:32:31,560
Speaker 3: we just decided, I mean, once we got the first

699
00:32:31,560 --> 00:32:35,240
Speaker 3: pre approval, that's really all you need to show your seller. Hey,

700
00:32:35,280 --> 00:32:38,000
Speaker 3: we're serious, we're pre approved. You're not agreeing to work

701
00:32:38,040 --> 00:32:40,240
Speaker 3: with that lender. They're just telling you like you're pulling

702
00:32:40,280 --> 00:32:42,520
Speaker 3: your credit and they're giving you like they're saying, you're

703
00:32:42,560 --> 00:32:45,000
Speaker 3: approved for this much mortgage and here's the rate we

704
00:32:45,080 --> 00:32:48,080
Speaker 3: might give you, but it's not final final, So we

705
00:32:48,200 --> 00:32:50,400
Speaker 3: just got the one pre approval and now that we've

706
00:32:50,440 --> 00:32:52,680
Speaker 3: our offer has been accepted, the next step is get

707
00:32:52,720 --> 00:32:56,880
Speaker 3: the inspection. And then once we have the inspection, I

708
00:32:56,880 --> 00:32:59,880
Speaker 3: think we'll, like, it's an older house and you know,

709
00:33:00,000 --> 00:33:03,719
Speaker 3: I've lived in there for like thirty forty years. We're expecting,

710
00:33:03,800 --> 00:33:05,960
Speaker 3: I'm expecting that maybe something will come up and we

711
00:33:06,040 --> 00:33:08,560
Speaker 3: might be negotiating the price a little bit. And then

712
00:33:08,760 --> 00:33:12,920
Speaker 3: ultimately we'll we'll get a couple of more pre approvals

713
00:33:13,280 --> 00:33:17,080
Speaker 3: or quotes from lenders and eventually choose our lender based

714
00:33:17,080 --> 00:33:19,960
Speaker 3: on who gives us the best rate. And we have

715
00:33:20,120 --> 00:33:22,280
Speaker 3: some like variation in the rates that we're getting. So

716
00:33:22,800 --> 00:33:26,000
Speaker 3: and one of our lenders actually said, you know, you

717
00:33:26,000 --> 00:33:27,520
Speaker 3: bring me another rate and I'll try.

718
00:33:27,320 --> 00:33:27,760
Speaker 2: And beat it.

719
00:33:28,240 --> 00:33:30,600
Speaker 3: So I feel that's what I'm worried about. I just

720
00:33:30,600 --> 00:33:32,040
Speaker 3: want to make sure we're getting the best interest rate

721
00:33:32,080 --> 00:33:35,440
Speaker 3: because interest rates, like I'm trying to remind myself, like

722
00:33:35,840 --> 00:33:38,360
Speaker 3: even though they're rising, because right now we're getting rates

723
00:33:38,360 --> 00:33:40,360
Speaker 3: about four point two percent, and granted we have eight

724
00:33:40,440 --> 00:33:42,680
Speaker 3: hundred credit scores and we're putting down twenty percent and

725
00:33:42,720 --> 00:33:45,200
Speaker 3: it's you know, we're good candidates, but it's still four

726
00:33:45,240 --> 00:33:47,520
Speaker 3: point two yeah, which is you know, higher than it

727
00:33:47,560 --> 00:33:50,160
Speaker 3: has been. But you know, another thing that I asked

728
00:33:50,200 --> 00:33:53,040
Speaker 3: our ten Die, our chief economist, was you know, he

729
00:33:53,160 --> 00:33:55,960
Speaker 3: reminded me that when you look back, you know, twenty

730
00:33:56,040 --> 00:33:58,320
Speaker 3: years ago, people were getting stigious double back.

731
00:33:58,360 --> 00:34:00,120
Speaker 1: I was gonna say, yeah, I was gonna say that,

732
00:34:00,360 --> 00:34:02,880
Speaker 1: like we're so spoiled, but like people were paying like

733
00:34:02,880 --> 00:34:05,920
Speaker 1: ten percent interest rates. And this is a make sure Mandy.

734
00:34:05,960 --> 00:34:08,280
Speaker 1: I don't know if you've if you've gotten a quote

735
00:34:08,280 --> 00:34:11,400
Speaker 1: from I remember I told you that M and T

736
00:34:11,760 --> 00:34:16,520
Speaker 1: like milk and turkey. I don't know like M and yeah, right,

737
00:34:16,920 --> 00:34:20,239
Speaker 1: I know MMC bank because I don't know if the

738
00:34:20,239 --> 00:34:23,600
Speaker 1: neighborhood is like a brown neighborhood, so brown meaning Latino

739
00:34:23,760 --> 00:34:26,839
Speaker 1: or black and obviously you guys are brown, but they

740
00:34:26,920 --> 00:34:31,240
Speaker 1: have you. Honestly, you don't need anything financial to qualify.

741
00:34:31,400 --> 00:34:33,879
Speaker 1: You just have to be brown who wants to live

742
00:34:33,960 --> 00:34:36,359
Speaker 1: in a majority brown neighborhood. So you were just give

743
00:34:36,360 --> 00:34:37,799
Speaker 1: them the zip code and they say, yep, that's a

744
00:34:37,800 --> 00:34:41,080
Speaker 1: brown neighborhood. And toward closing costs, you can get up

745
00:34:41,320 --> 00:34:45,080
Speaker 1: to I think it's six percent of the cost of

746
00:34:45,120 --> 00:34:47,279
Speaker 1: the house up the maxing out at about eighteen or

747
00:34:47,320 --> 00:34:51,120
Speaker 1: nineteen thousand dollars. So definitely look into MMC bank as well,

748
00:34:51,120 --> 00:34:52,960
Speaker 1: because you guys might be you know, let's just say

749
00:34:52,960 --> 00:34:55,480
Speaker 1: you're getting the house and let's because it's easy masked

750
00:34:55,520 --> 00:34:57,000
Speaker 1: one hundred thousand dollars.

751
00:34:57,440 --> 00:35:02,000
Speaker 2: Then like, U, it's not it's not a brown neighborhood.

752
00:35:02,520 --> 00:35:04,280
Speaker 1: Okay, okay, well then you know that's.

753
00:35:04,680 --> 00:35:07,239
Speaker 3: We will be leaving things equal to where if we

754
00:35:07,320 --> 00:35:09,239
Speaker 3: replace this couple, we think we will be like.

755
00:35:09,280 --> 00:35:14,160
Speaker 1: Leaving Oh, I know that their neighbors gonna be like,

756
00:35:14,160 --> 00:35:19,879
Speaker 1: oh dang on it, We'll just keep it. We've got

757
00:35:19,880 --> 00:35:22,399
Speaker 1: the brow or move her down. They don't the brow.

758
00:35:23,960 --> 00:35:26,680
Speaker 3: No, I mean, it's so non diverse, but it's like

759
00:35:27,000 --> 00:35:27,879
Speaker 3: it's like forty percent.

760
00:35:28,880 --> 00:35:30,120
Speaker 2: Yeah, forty minority.

761
00:35:30,160 --> 00:35:30,719
Speaker 3: We look it up.

762
00:35:30,920 --> 00:35:33,080
Speaker 1: Yeah yeah, okay, well then that's fine then yet but

763
00:35:33,120 --> 00:35:34,400
Speaker 1: just for those of you who are listening, if you

764
00:35:34,600 --> 00:35:37,320
Speaker 1: are looking to live in a brown neighborhood, take advantage

765
00:35:37,320 --> 00:35:39,600
Speaker 1: of like things like that that might be out there. No,

766
00:35:39,719 --> 00:35:41,960
Speaker 1: that's so awesome. Wow, I should have went first with

767
00:35:42,000 --> 00:35:45,040
Speaker 1: my boost. Now I'm like, so, I'm like, oh, so

768
00:35:45,239 --> 00:35:45,640
Speaker 1: I don't.

769
00:35:45,480 --> 00:35:47,520
Speaker 3: Know, don't you know, you know, you know how it

770
00:35:47,560 --> 00:35:51,440
Speaker 3: is like anything could happen, But I just have a

771
00:35:51,440 --> 00:35:53,240
Speaker 3: good feeling and there's you know, I'm excited.

772
00:35:53,440 --> 00:35:54,360
Speaker 2: I think I'm excited.

773
00:35:54,480 --> 00:35:57,080
Speaker 3: I think I'm not excited in the renovations. I'm like

774
00:35:57,160 --> 00:35:59,840
Speaker 3: really nervous, like I might need to hire Superman to

775
00:35:59,840 --> 00:36:00,480
Speaker 3: come help out.

776
00:36:01,000 --> 00:36:02,920
Speaker 1: I know we're we're nervous too. He told me the

777
00:36:03,000 --> 00:36:04,800
Speaker 1: other day. He was like, Yo, we're gonna have a house.

778
00:36:05,040 --> 00:36:09,680
Speaker 1: We're finally, finally are closing. It's March sixteenth. And I said,

779
00:36:09,960 --> 00:36:12,560
Speaker 1: because we could close right now, but the bank promise

780
00:36:12,719 --> 00:36:16,120
Speaker 1: to clean out the house. And I told him, I said,

781
00:36:16,200 --> 00:36:18,839
Speaker 1: let's not push back any further. If the six weather

782
00:36:18,880 --> 00:36:21,080
Speaker 1: the house is clean or not. On the sixteens, we're closing.

783
00:36:21,080 --> 00:36:23,359
Speaker 1: And well, we could just fight them later to pay

784
00:36:23,400 --> 00:36:25,200
Speaker 1: us back for cleaning it out, But at this point,

785
00:36:25,200 --> 00:36:27,160
Speaker 1: I just don't want to wait any longer. And we're

786
00:36:27,200 --> 00:36:29,799
Speaker 1: nervous for renovations too. Even though Superman is, you know,

787
00:36:30,040 --> 00:36:32,920
Speaker 1: super handy, it's it's your house, and you feel like,

788
00:36:32,920 --> 00:36:35,480
Speaker 1: what if I make a mistake, What if I you know,

789
00:36:35,719 --> 00:36:37,719
Speaker 1: what if it's going to be a lot? Just make

790
00:36:37,760 --> 00:36:40,719
Speaker 1: sure that you get a really, really good inspector. I

791
00:36:40,719 --> 00:36:42,520
Speaker 1: don't know if you need a I've got a really

792
00:36:42,520 --> 00:36:44,319
Speaker 1: good when. His name is Nick. He's a little more

793
00:36:44,320 --> 00:36:47,800
Speaker 1: expensive than the average inspector, but he his inspection report

794
00:36:48,040 --> 00:36:50,840
Speaker 1: is like you could tell he got a pluses in

795
00:36:50,880 --> 00:36:53,960
Speaker 1: book reports when he was when he was he uses

796
00:36:54,000 --> 00:36:56,520
Speaker 1: a drone to look at the roof. I mean, and

797
00:36:56,840 --> 00:36:59,880
Speaker 1: two you walk with him through and he shows you everything,

798
00:37:00,000 --> 00:37:01,440
Speaker 1: and maybe he was like a hundred or hundred and

799
00:37:01,440 --> 00:37:04,000
Speaker 1: fifty bucks more, but it was so worth it because

800
00:37:04,680 --> 00:37:06,560
Speaker 1: this is his second or third house that he's inspected

801
00:37:06,560 --> 00:37:09,520
Speaker 1: with us. The first house, we loved it, and it

802
00:37:09,560 --> 00:37:11,200
Speaker 1: was a year ago. We thought it was amazing and

803
00:37:11,320 --> 00:37:13,600
Speaker 1: Nick was showing us all these things I don't like now.

804
00:37:13,640 --> 00:37:15,880
Speaker 1: I can't believe I didn't notice, and he was like,

805
00:37:15,960 --> 00:37:19,359
Speaker 1: this house is crumbling on you, and if you get

806
00:37:19,360 --> 00:37:21,719
Speaker 1: this house, you it's going to be a money pit.

807
00:37:22,200 --> 00:37:24,120
Speaker 1: And we didn't end up getting it, and I'm so

808
00:37:24,239 --> 00:37:26,040
Speaker 1: glad that we listened to him, and now we have

809
00:37:26,080 --> 00:37:28,000
Speaker 1: this house. And he's like, this is a good, solid house,

810
00:37:28,280 --> 00:37:29,919
Speaker 1: you know. And I was like, I always ask him

811
00:37:30,200 --> 00:37:32,719
Speaker 1: if you were if you were me, would you get

812
00:37:32,760 --> 00:37:34,359
Speaker 1: this house. He was like, yeah, I don't see any

813
00:37:34,400 --> 00:37:36,560
Speaker 1: major you know, every half passe. There are little quirks,

814
00:37:36,600 --> 00:37:40,520
Speaker 1: but no major issues. So yeah, get yourself an amazing inspector.

815
00:37:40,920 --> 00:37:43,160
Speaker 2: I'm really excited for the inspection. Yeah, I'll get his

816
00:37:43,239 --> 00:37:43,879
Speaker 2: I'll get his name.

817
00:37:43,920 --> 00:37:47,520
Speaker 3: We already I quoted someone today and I not quoted,

818
00:37:47,560 --> 00:37:50,680
Speaker 3: but I called someone today I got I looked for

819
00:37:50,760 --> 00:37:54,400
Speaker 3: someone on Yelp in the area who had fabulous reviews

820
00:37:54,480 --> 00:37:56,680
Speaker 3: on like three different websites, and I called him and

821
00:37:56,680 --> 00:37:58,520
Speaker 3: he was really nice. I got a really good feeling

822
00:37:58,520 --> 00:38:01,239
Speaker 3: from him. But I'm open to I'm open to someone

823
00:38:01,239 --> 00:38:03,000
Speaker 3: else too, And yeah, he was like, I'll walk you through.

824
00:38:03,320 --> 00:38:06,759
Speaker 3: And he like talks NonStop, like fifteen minutes, just telling

825
00:38:06,760 --> 00:38:10,240
Speaker 3: me everything that they checked and all their certifications and yeah,

826
00:38:10,320 --> 00:38:12,160
Speaker 3: and he actually works in the area, and there's like

827
00:38:12,400 --> 00:38:15,000
Speaker 3: in the houses, like the house we're getting as typical

828
00:38:15,040 --> 00:38:18,279
Speaker 3: of the area. So I know that he'll be you know,

829
00:38:18,320 --> 00:38:19,120
Speaker 3: what to look out for.

830
00:38:19,280 --> 00:38:19,600
Speaker 2: Yeah.

831
00:38:19,680 --> 00:38:22,600
Speaker 1: Yeah, because we have some of our financial friends that

832
00:38:22,600 --> 00:38:26,600
Speaker 1: I've seen on Facebook whol yikes, she bought a house

833
00:38:26,680 --> 00:38:31,640
Speaker 1: and she has been struggling with it, and because the

834
00:38:31,680 --> 00:38:35,600
Speaker 1: inspector was not truthful and she doesn't have she has

835
00:38:35,680 --> 00:38:38,520
Speaker 1: very little recourse. So yes, definitely do your googles about,

836
00:38:38,800 --> 00:38:42,000
Speaker 1: you know, just finding good people. I'm right, well, that's good.

837
00:38:42,080 --> 00:38:45,400
Speaker 1: Well my brown boost. You know, we're just gonna let

838
00:38:45,440 --> 00:38:45,960
Speaker 1: you boost.

839
00:38:46,480 --> 00:38:48,880
Speaker 2: That was such a big booze, so generous.

840
00:38:50,800 --> 00:38:53,360
Speaker 1: I didn't really have a bunch of a boot. It

841
00:38:53,440 --> 00:38:54,840
Speaker 1: was just going to be like a business tool that

842
00:38:54,880 --> 00:38:56,960
Speaker 1: I think people it's under youth. I was going to say,

843
00:38:57,000 --> 00:38:59,400
Speaker 1: you know, I was just going to boost Google alerts

844
00:38:59,440 --> 00:39:01,799
Speaker 1: that if you if you don't have, if you have

845
00:39:01,840 --> 00:39:05,000
Speaker 1: a business, or just either yourself personally, Google alerts are

846
00:39:05,040 --> 00:39:07,319
Speaker 1: totally free. You can literally google how to set up

847
00:39:07,320 --> 00:39:11,320
Speaker 1: Google alerts. Because every time somebody mentions Tiffany Alice or

848
00:39:11,360 --> 00:39:16,000
Speaker 1: the Budgetnista, I have an alert that goes off and

849
00:39:16,040 --> 00:39:18,120
Speaker 1: it sends me an email saying hey, Tippy. Like today,

850
00:39:18,280 --> 00:39:22,120
Speaker 1: for example, Black Enterprise route like a really quick article

851
00:39:22,160 --> 00:39:25,359
Speaker 1: called how do you use how do use Facebook group

852
00:39:25,440 --> 00:39:28,839
Speaker 1: for career Success? And they happen to mention me and

853
00:39:28,880 --> 00:39:30,840
Speaker 1: so I would have never known that because Black Enterprise

854
00:39:30,880 --> 00:39:32,880
Speaker 1: they did. It wasn't like a quote or anything, but

855
00:39:33,000 --> 00:39:34,480
Speaker 1: Google Alert sent it to me and I was like, oh,

856
00:39:34,560 --> 00:39:36,520
Speaker 1: this is a cute article, and I shared it, and

857
00:39:36,560 --> 00:39:38,080
Speaker 1: so I was just going to boost that to say,

858
00:39:38,120 --> 00:39:39,640
Speaker 1: you know, if you haven't, if you don't have a

859
00:39:39,680 --> 00:39:42,160
Speaker 1: free Google Alert set up on yourself now, if your

860
00:39:42,200 --> 00:39:47,279
Speaker 1: name is Jim Smith, don't bother because child, you know,

861
00:39:47,600 --> 00:39:50,200
Speaker 1: like you want to like, you know, if your name

862
00:39:50,280 --> 00:39:53,400
Speaker 1: is super not unique, don't. But yeah, that was it.

863
00:39:53,440 --> 00:39:55,000
Speaker 1: I was just gonna boost that that free tool that

864
00:39:55,040 --> 00:39:56,560
Speaker 1: I thought was dope. So I was like, well I

865
00:39:56,560 --> 00:39:58,600
Speaker 1: should have went first, But either way, whatever, we're here.

866
00:39:58,640 --> 00:40:03,960
Speaker 1: No Google Alert question questions, Yes do you want do

867
00:40:03,960 --> 00:40:05,400
Speaker 1: you want me to read you the questions? Go ahead?

868
00:40:05,440 --> 00:40:06,240
Speaker 1: O your question?

869
00:40:06,480 --> 00:40:09,760
Speaker 3: Reading me your question, but real quick while you're looking

870
00:40:09,800 --> 00:40:11,640
Speaker 3: it up, or I'm just saying you're looking it up.

871
00:40:11,880 --> 00:40:13,960
Speaker 3: I wanted to mention so you guys might have got

872
00:40:13,960 --> 00:40:16,200
Speaker 3: an email if you didn't check your email yesterday morning,

873
00:40:16,239 --> 00:40:18,359
Speaker 3: go check it. If you signed up for the Brown

874
00:40:18,400 --> 00:40:22,840
Speaker 3: Ambition uh newsletter. We sent out a little survey yesterday

875
00:40:22,880 --> 00:40:25,760
Speaker 3: morning because we want to get to know our listeners better.

876
00:40:26,640 --> 00:40:29,680
Speaker 3: We want to be able to get companies to support

877
00:40:29,719 --> 00:40:31,359
Speaker 3: the show, and one of the key ways to do

878
00:40:31,360 --> 00:40:33,320
Speaker 3: that is to be able to tell them here's our listeners,

879
00:40:33,360 --> 00:40:36,239
Speaker 3: here's who they are, and here's why you know you

880
00:40:36,320 --> 00:40:39,520
Speaker 3: should promote your Let us help you promote your products

881
00:40:39,560 --> 00:40:41,920
Speaker 3: on our show to our audience. So this is a key,

882
00:40:42,000 --> 00:40:43,919
Speaker 3: a key tool for us to be able to get

883
00:40:43,920 --> 00:40:47,560
Speaker 3: some sponsorship and get this little money train going, which

884
00:40:47,640 --> 00:40:48,640
Speaker 3: is long overdue.

885
00:40:49,080 --> 00:40:49,600
Speaker 1: Long as you.

886
00:40:50,880 --> 00:40:53,000
Speaker 3: So, please answer the survey if you had, it takes

887
00:40:53,040 --> 00:40:56,759
Speaker 3: like three minutes. It's like nine questions, I think. Check

888
00:40:56,800 --> 00:40:58,960
Speaker 3: your email. I'm also going to post a link on

889
00:40:59,000 --> 00:41:01,280
Speaker 3: the Facebook group. If you're not signed up for the newsletter,

890
00:41:01,320 --> 00:41:03,239
Speaker 3: don't worry, I'll just post it on the Facebook group.

891
00:41:03,280 --> 00:41:05,960
Speaker 3: You can go to Brand Ambition on.

892
00:41:05,800 --> 00:41:08,080
Speaker 2: Facebook and look at the top of the page.

893
00:41:08,160 --> 00:41:10,359
Speaker 3: I'll pin the survey link there and you can take

894
00:41:10,400 --> 00:41:11,760
Speaker 3: it and thank.

895
00:41:11,600 --> 00:41:12,800
Speaker 2: You so much in the Thanks.

896
00:41:21,880 --> 00:41:25,560
Speaker 1: All right, So this is for positive Nancy on Instagram

897
00:41:25,560 --> 00:41:30,040
Speaker 1: she hit me up and she said, she said, I

898
00:41:30,080 --> 00:41:32,120
Speaker 1: just downloaded your podcast. I didn't know you had one,

899
00:41:32,200 --> 00:41:34,480
Speaker 1: And I said, yes, so that was no that's was December,

900
00:41:34,560 --> 00:41:36,799
Speaker 1: my right. So anyway, she said, hey, guys, for you,

901
00:41:37,000 --> 00:41:39,840
Speaker 1: me and Mandy, can you do an episode which is

902
00:41:39,880 --> 00:41:43,120
Speaker 1: just a question giving people who get big refunds ideas

903
00:41:43,160 --> 00:41:46,640
Speaker 1: on what to do or how to use them productively.

904
00:41:47,520 --> 00:41:49,239
Speaker 1: I'm not gonna say how much your car has coming up,

905
00:41:49,239 --> 00:41:53,360
Speaker 1: but Nancy has one to four figures a four figure

906
00:41:53,440 --> 00:41:55,799
Speaker 1: return coming and she doesn't want to mess it up.

907
00:41:55,800 --> 00:41:59,000
Speaker 1: And I said, ooh, good one. Okay, so positive Nancy,

908
00:41:59,040 --> 00:42:04,440
Speaker 1: hope you're listening. So what say you about big refunds. Well, one,

909
00:42:04,520 --> 00:42:08,080
Speaker 1: let me start with just saying pre big refund. Let's

910
00:42:08,080 --> 00:42:10,400
Speaker 1: just say if you're getting a big refund, it's up

911
00:42:10,440 --> 00:42:12,920
Speaker 1: to you if you want a big refund. But you

912
00:42:12,960 --> 00:42:14,880
Speaker 1: can also decide that maybe you actually like to have

913
00:42:14,920 --> 00:42:19,520
Speaker 1: more money in your like more money in your actual check.

914
00:42:19,520 --> 00:42:21,359
Speaker 1: And so one of the ways you do that is

915
00:42:22,280 --> 00:42:27,200
Speaker 1: with HR you can decide how many exemptions that you

916
00:42:27,239 --> 00:42:30,120
Speaker 1: want to claim. I'm looking at here, positive Nancy, do

917
00:42:30,200 --> 00:42:33,120
Speaker 1: I see kids? I'm saying, if positive Nancy hassurance, but

918
00:42:33,200 --> 00:42:35,319
Speaker 1: I look like she does have a child, keep little girl,

919
00:42:36,200 --> 00:42:39,200
Speaker 1: so you can claim your child halfway through the year

920
00:42:39,200 --> 00:42:41,200
Speaker 1: and the other half not claiming them. One thing I

921
00:42:41,280 --> 00:42:43,000
Speaker 1: used to do is my dad, who was an accountant,

922
00:42:43,239 --> 00:42:45,839
Speaker 1: used to show me like literally six months of the year,

923
00:42:45,960 --> 00:42:49,600
Speaker 1: I would have myself down as you know, not claiming

924
00:42:49,640 --> 00:42:53,120
Speaker 1: myself but as a as a as an exemption, and

925
00:42:53,160 --> 00:42:55,120
Speaker 1: then the other half I wouldn't. So that way I

926
00:42:55,120 --> 00:42:58,399
Speaker 1: could kind of my returns would always be like under

927
00:42:58,440 --> 00:43:00,400
Speaker 1: a thousand dollars because I wanted more money in my

928
00:43:01,400 --> 00:43:02,239
Speaker 1: biweekly check.

929
00:43:02,480 --> 00:43:03,320
Speaker 2: So it's really up to you.

930
00:43:03,640 --> 00:43:07,480
Speaker 1: I mean, ideally you get more money if you get

931
00:43:07,480 --> 00:43:09,960
Speaker 1: it in your bi weekly check. Because if you're getting

932
00:43:09,960 --> 00:43:13,160
Speaker 1: a big return, that means that the government has overtaxed

933
00:43:13,200 --> 00:43:16,160
Speaker 1: you and they got all that money from you sitting

934
00:43:16,440 --> 00:43:20,880
Speaker 1: for free. If you if you gave the government too

935
00:43:20,960 --> 00:43:23,640
Speaker 1: much money, that means you gave them a loan that

936
00:43:23,719 --> 00:43:26,560
Speaker 1: they didn't have to pay any interest on. But meanwhile,

937
00:43:26,840 --> 00:43:29,400
Speaker 1: if I underpaid the government, like the government sent me

938
00:43:29,480 --> 00:43:33,160
Speaker 1: like an email, not an email, Uncle Sam sent me

939
00:43:34,040 --> 00:43:36,560
Speaker 1: a letter maybe like I don't know, a few days

940
00:43:36,560 --> 00:43:43,000
Speaker 1: ago saying in twenty fourteen, my taxes were off, and

941
00:43:43,120 --> 00:43:46,120
Speaker 1: I owe them twenty dollars or something to that effect,

942
00:43:46,120 --> 00:43:48,440
Speaker 1: and oh, why are you kidding me? Twy I got

943
00:43:48,480 --> 00:43:49,000
Speaker 1: a letter too.

944
00:43:49,080 --> 00:43:50,640
Speaker 2: I got a letter to you're twenty fourteen.

945
00:43:50,880 --> 00:43:53,800
Speaker 1: Yep, yes, And I was like okay. And then because

946
00:43:54,440 --> 00:43:57,000
Speaker 1: because I owe them twenty dollars from twenty fourteen to

947
00:43:57,040 --> 00:43:59,920
Speaker 1: twenty eighteen with the interest, so they charged me in

948
00:44:00,000 --> 00:44:01,400
Speaker 1: inure on my twenty dollars. And it was like, I

949
00:44:01,440 --> 00:44:03,759
Speaker 1: don't know, thirty forty dollars something to that effect. But

950
00:44:03,920 --> 00:44:06,319
Speaker 1: do you see the government. I owe the government twenty dollars,

951
00:44:06,400 --> 00:44:09,480
Speaker 1: so they say, and as they are charging me interest

952
00:44:09,680 --> 00:44:11,399
Speaker 1: on the fact that they had not had their twenty

953
00:44:11,440 --> 00:44:14,759
Speaker 1: dollars four years. But meanwhile they take all this money

954
00:44:14,920 --> 00:44:17,839
Speaker 1: extra taxes and at the end of the year they're like, ook,

955
00:44:17,920 --> 00:44:20,080
Speaker 1: we took too much from you. Here's your money back

956
00:44:20,320 --> 00:44:24,000
Speaker 1: without any interest paid. So ideally positive, Nancy, you know,

957
00:44:24,160 --> 00:44:28,680
Speaker 1: I would I would want to adjust what I'm claiming

958
00:44:28,760 --> 00:44:30,759
Speaker 1: and my dependence and all that kind of stuff on

959
00:44:30,840 --> 00:44:33,560
Speaker 1: my with HR to make sure that and sit down

960
00:44:33,600 --> 00:44:36,600
Speaker 1: with your accountant and ask to lower how much of

961
00:44:36,640 --> 00:44:39,040
Speaker 1: a return I get. Now, some people like getting a

962
00:44:39,040 --> 00:44:41,000
Speaker 1: big return because they like to get like it's like

963
00:44:41,120 --> 00:44:43,920
Speaker 1: a forced saving. So there's no judgment on that. So

964
00:44:44,040 --> 00:44:45,600
Speaker 1: what do you think, like if you get a bigger

965
00:44:45,640 --> 00:44:47,080
Speaker 1: turn and you're like, I get it. I know I

966
00:44:47,120 --> 00:44:49,520
Speaker 1: can get more money every month, but I prefer the

967
00:44:49,600 --> 00:44:52,279
Speaker 1: big return. Like, what are some suggestions you have, Mandy,

968
00:44:52,520 --> 00:44:53,840
Speaker 1: what they can do if they decide to get a

969
00:44:53,880 --> 00:44:54,360
Speaker 1: big return.

970
00:44:55,000 --> 00:44:58,000
Speaker 3: Yeah, Actually, Magnifie money. We just said, we just analyzed

971
00:44:58,040 --> 00:45:00,360
Speaker 3: a bunch of IRS data to find out what's like

972
00:45:00,400 --> 00:45:03,239
Speaker 3: an average return, and we actually found that people who

973
00:45:03,320 --> 00:45:06,080
Speaker 3: get a return are getting about three thousand dollars back.

974
00:45:07,320 --> 00:45:09,000
Speaker 2: So for me, like, if you spread out.

975
00:45:08,920 --> 00:45:11,319
Speaker 3: Three thousand dollars over the course of a year, that's

976
00:45:11,440 --> 00:45:14,239
Speaker 3: like what a couple hundred dollars a month, or a

977
00:45:14,320 --> 00:45:18,239
Speaker 3: couple hundred dollars per paycheck maybe more that you are

978
00:45:18,600 --> 00:45:20,959
Speaker 3: that you're basically setting aside, like Tippany said, and letting

979
00:45:21,040 --> 00:45:22,960
Speaker 3: Uncle Sam kind of hang on to it for you.

980
00:45:24,080 --> 00:45:25,520
Speaker 2: I think some people need that.

981
00:45:26,040 --> 00:45:28,480
Speaker 3: I think some people need that because they're not able

982
00:45:28,560 --> 00:45:30,520
Speaker 3: to Like, when you get a paycheck, you may not

983
00:45:30,600 --> 00:45:32,719
Speaker 3: be thinking, okay, I could I don't really need that.

984
00:45:32,760 --> 00:45:34,640
Speaker 3: That's for five hundred dollars like I could just save

985
00:45:34,680 --> 00:45:36,880
Speaker 3: that and then in March I'll have or in April

986
00:45:37,120 --> 00:45:39,040
Speaker 3: I'll have three thousand dollars. Like, you may not be

987
00:45:39,160 --> 00:45:41,000
Speaker 3: the kind of person who can do that, so for you,

988
00:45:41,160 --> 00:45:43,040
Speaker 3: it might be nice to have a like Tippany said,

989
00:45:43,080 --> 00:45:48,680
Speaker 3: a forced savings. For me, I always liked having a

990
00:45:48,760 --> 00:45:50,759
Speaker 3: little bit of money back. I never got more than

991
00:45:50,840 --> 00:45:54,320
Speaker 3: like two thousand dollars, so I always felt like, okay.

992
00:45:54,160 --> 00:45:54,840
Speaker 2: This is fine.

993
00:45:55,400 --> 00:45:57,040
Speaker 3: You know, I'm not getting too much back.

994
00:45:57,400 --> 00:45:59,400
Speaker 2: Last year I got too.

995
00:45:59,320 --> 00:46:02,960
Speaker 3: Much, but I got I got a little under, like

996
00:46:03,040 --> 00:46:04,200
Speaker 3: eight thousand dollars back.

997
00:46:04,320 --> 00:46:05,479
Speaker 1: Wo let me hold something.

998
00:46:07,320 --> 00:46:09,080
Speaker 3: I was like, where is this? It was right before

999
00:46:09,120 --> 00:46:11,160
Speaker 3: my wedding too, so I was like, great, there's a photographer.

1000
00:46:12,560 --> 00:46:15,200
Speaker 3: But you know, it was because I don't know, and

1001
00:46:15,320 --> 00:46:16,919
Speaker 3: I went to my accountant and I was like, okay,

1002
00:46:17,000 --> 00:46:18,800
Speaker 3: so next year, let's factor in that we got this

1003
00:46:18,840 --> 00:46:22,279
Speaker 3: big return. Maybe I should be withholding more. And also

1004
00:46:22,360 --> 00:46:24,920
Speaker 3: I got married this year. I don't know that too,

1005
00:46:25,200 --> 00:46:28,200
Speaker 3: But I knew going into taxis in twenty eighteen, like

1006
00:46:28,239 --> 00:46:31,680
Speaker 3: taxis and twenty seventeen technically, that we might end up

1007
00:46:31,719 --> 00:46:34,360
Speaker 3: owing taxes this year. And sure enough, we got a

1008
00:46:34,400 --> 00:46:37,719
Speaker 3: big old tax bill right before, right before we get

1009
00:46:37,719 --> 00:46:38,000
Speaker 3: a house.

1010
00:46:38,719 --> 00:46:40,120
Speaker 1: Really is it because you're married?

1011
00:46:40,200 --> 00:46:40,640
Speaker 2: Are you guys?

1012
00:46:40,760 --> 00:46:42,320
Speaker 1: You guys are doing married filing jointly.

1013
00:46:42,880 --> 00:46:44,000
Speaker 2: We are being married by this.

1014
00:46:44,080 --> 00:46:46,640
Speaker 3: I don't know why, like right now. So right now,

1015
00:46:46,800 --> 00:46:48,520
Speaker 3: first of all, I got that. I got a letter

1016
00:46:48,560 --> 00:46:51,520
Speaker 3: from twenty fourteen. It's saying that I owed New York

1017
00:46:51,600 --> 00:46:55,719
Speaker 3: State eight hundred dollars and so I'm having my accountants

1018
00:46:55,719 --> 00:46:59,360
Speaker 3: figure that out first because that bill is due February thirteenth.

1019
00:46:59,640 --> 00:47:01,600
Speaker 3: So that's that's the biggest issue right now, to figure

1020
00:47:01,640 --> 00:47:02,960
Speaker 3: out do I really owe this money or not?

1021
00:47:04,719 --> 00:47:05,279
Speaker 2: Excuse me.

1022
00:47:05,840 --> 00:47:07,440
Speaker 3: One thing that he had me do, which I think

1023
00:47:07,440 --> 00:47:09,680
Speaker 3: everyone should do. If you get a tax bill from

1024
00:47:09,760 --> 00:47:11,759
Speaker 3: twenty fourteen, the reason you're getting it is because they

1025
00:47:11,800 --> 00:47:15,319
Speaker 3: only have three years to get people past for due

1026
00:47:15,520 --> 00:47:19,400
Speaker 3: unpaid bills, So twenty fourteen, like this is twenty seventeen

1027
00:47:19,480 --> 00:47:19,960
Speaker 3: tax year.

1028
00:47:20,239 --> 00:47:21,279
Speaker 2: This is their last chance.

1029
00:47:21,320 --> 00:47:24,000
Speaker 3: That's why we're seeing these bills from twenty fourteen now.

1030
00:47:25,480 --> 00:47:27,680
Speaker 3: So anyway, you can go to the IRS doc go

1031
00:47:28,040 --> 00:47:30,319
Speaker 3: and set up an online account and you can.

1032
00:47:30,280 --> 00:47:33,080
Speaker 2: Actually see all of your federal tax return records all

1033
00:47:33,120 --> 00:47:33,720
Speaker 2: in one place.

1034
00:47:34,120 --> 00:47:36,400
Speaker 3: I didn't know that, so I signed up got my

1035
00:47:36,560 --> 00:47:38,239
Speaker 3: records and I was able to send them to my

1036
00:47:38,280 --> 00:47:41,319
Speaker 3: accountant and he can see whether or not, like see

1037
00:47:41,360 --> 00:47:42,120
Speaker 3: where the issue is.

1038
00:47:42,200 --> 00:47:43,160
Speaker 2: So that's what he's doing right now.

1039
00:47:43,239 --> 00:47:45,319
Speaker 3: He's trying to figure out where the problem the discrepancy

1040
00:47:45,480 --> 00:47:48,960
Speaker 3: is in what New York State and the federal governments

1041
00:47:49,000 --> 00:47:50,719
Speaker 3: that I owed versus what New York State is saying

1042
00:47:51,120 --> 00:47:54,320
Speaker 3: I owe them or whatever. So it's a little bit messy.

1043
00:47:54,480 --> 00:47:56,839
Speaker 3: And then our tax bill. I don't All I can

1044
00:47:56,880 --> 00:47:59,960
Speaker 3: think is so we were acquired, my company was acquired.

1045
00:48:00,160 --> 00:48:02,920
Speaker 3: It was a good year for me financially, and I

1046
00:48:03,040 --> 00:48:06,320
Speaker 3: think I'm just paying for it. I think I just

1047
00:48:06,400 --> 00:48:09,560
Speaker 3: had higher than expected earnings this year, and that is

1048
00:48:09,640 --> 00:48:13,040
Speaker 3: why I'm oh and more hopefully.

1049
00:48:13,960 --> 00:48:19,000
Speaker 1: I'm really grateful because we're doing mile marriage filing jointly.

1050
00:48:19,000 --> 00:48:21,480
Speaker 1: Because I was asking my account in Carlinos and Carlinals,

1051
00:48:21,920 --> 00:48:24,360
Speaker 1: and I said, what's the difference. We should we do

1052
00:48:25,040 --> 00:48:28,560
Speaker 1: married filing separately or married filing jointly? So when I

1053
00:48:28,640 --> 00:48:30,320
Speaker 1: was in his office he ran the numbers. He was like,

1054
00:48:30,640 --> 00:48:33,360
Speaker 1: you better thank your husband, he said, because one so

1055
00:48:33,520 --> 00:48:35,800
Speaker 1: if we do marriage because I work for myself, I

1056
00:48:36,760 --> 00:48:38,719
Speaker 1: don't get money back. I just always have to pay

1057
00:48:38,840 --> 00:48:43,120
Speaker 1: because I work for myself, so I pay after expenses.

1058
00:48:44,400 --> 00:48:48,719
Speaker 1: And so if I wasn't, if Superman wasn't, if we

1059
00:48:48,800 --> 00:48:51,760
Speaker 1: weren't married filing jointly, and if we hadn't gotten married,

1060
00:48:52,160 --> 00:48:55,120
Speaker 1: I would have paid an additional like twenty to twenty

1061
00:48:55,200 --> 00:49:01,239
Speaker 1: five thousand dollars in taxes. So yes, his income and

1062
00:49:01,320 --> 00:49:04,200
Speaker 1: deductions and everything else whatever like on his side has

1063
00:49:04,360 --> 00:49:07,320
Speaker 1: lowered my tax bill, but he's not gonna So typically

1064
00:49:07,360 --> 00:49:11,840
Speaker 1: Superman can get anywhere from two thousand dollars upwards to

1065
00:49:11,920 --> 00:49:14,440
Speaker 1: eight thousand, depending if he's he and his wife day hit,

1066
00:49:14,600 --> 00:49:18,080
Speaker 1: his wife's me, he and Supergirl's mom. They claim their

1067
00:49:18,120 --> 00:49:21,719
Speaker 1: daughter off and on each year, and so so if

1068
00:49:21,760 --> 00:49:23,799
Speaker 1: he's not claiming her then like if we didn't have her,

1069
00:49:23,880 --> 00:49:26,600
Speaker 1: then then he gets much less back. So we kind

1070
00:49:26,640 --> 00:49:28,960
Speaker 1: of negotiate. I said, Okay, you're not going to get

1071
00:49:28,960 --> 00:49:30,680
Speaker 1: a return, So he's not going to get a return

1072
00:49:31,080 --> 00:49:34,040
Speaker 1: tax you know, return this year because he's filing with me.

1073
00:49:34,680 --> 00:49:38,439
Speaker 1: But collectively we're saving twenty five thousand dollars. So we've

1074
00:49:38,480 --> 00:49:41,719
Speaker 1: we've worked it out that he out of the twenty

1075
00:49:41,760 --> 00:49:44,719
Speaker 1: five thousand that I'm saving, I'm gonna well, he'll get

1076
00:49:44,800 --> 00:49:47,080
Speaker 1: three thousand of it to use how he would normally use,

1077
00:49:47,080 --> 00:49:49,040
Speaker 1: which would be like, he'll pay down whatever. I don't

1078
00:49:49,040 --> 00:49:51,759
Speaker 1: think he's even has any more credit card debt, but

1079
00:49:52,000 --> 00:49:53,719
Speaker 1: like to do whatever, Like you know, he puts money

1080
00:49:53,760 --> 00:49:58,440
Speaker 1: in his daughter's like bank account, and you know he might.

1081
00:49:58,600 --> 00:50:00,920
Speaker 1: I don't know whatever he's gonna use three thousand dollars for.

1082
00:50:01,440 --> 00:50:03,520
Speaker 1: So that was like the Trade Office like, you still

1083
00:50:03,560 --> 00:50:05,839
Speaker 1: get your return, but not from the government. It'll come

1084
00:50:05,880 --> 00:50:08,920
Speaker 1: from this pot because we're collectively saving as a result.

1085
00:50:08,920 --> 00:50:12,560
Speaker 1: And I was like, and saving twenty five thousand dollars

1086
00:50:12,640 --> 00:50:16,560
Speaker 1: in taxes is so real to me because it's not like, oh,

1087
00:50:17,160 --> 00:50:19,160
Speaker 1: that's less money coming out of my check. No, I

1088
00:50:19,200 --> 00:50:22,560
Speaker 1: would have to write a check for an additional twenty

1089
00:50:22,719 --> 00:50:25,359
Speaker 1: five thousand dollars, which I'm not gonna lie. I look

1090
00:50:25,400 --> 00:50:30,560
Speaker 1: at my bank account and I was like, where souse?

1091
00:50:31,320 --> 00:50:31,600
Speaker 2: I know?

1092
00:50:31,920 --> 00:50:33,320
Speaker 1: And I was like, I mean, because I have a

1093
00:50:33,800 --> 00:50:36,160
Speaker 1: bank account called taxes, and that's another thing too, I

1094
00:50:36,200 --> 00:50:37,560
Speaker 1: have to I feel like maybe I was doing something

1095
00:50:37,560 --> 00:50:39,560
Speaker 1: wrong because I have a bank account count taxes where

1096
00:50:40,040 --> 00:50:43,480
Speaker 1: I set aside thirty percent of the net income that

1097
00:50:43,560 --> 00:50:45,760
Speaker 1: I make for my two companies. In this tax account,

1098
00:50:46,080 --> 00:50:47,719
Speaker 1: and I feel like I was still short, which I

1099
00:50:47,760 --> 00:50:49,800
Speaker 1: don't know why. So I wanted to talk to my

1100
00:50:49,800 --> 00:50:52,279
Speaker 1: account about that because I set aside thirty percent so

1101
00:50:52,400 --> 00:50:54,680
Speaker 1: that way when it's time every quarter to write a

1102
00:50:54,760 --> 00:50:59,120
Speaker 1: tax like sometimes honestly I can. My my tax bill

1103
00:50:59,239 --> 00:51:02,200
Speaker 1: might be five figures. But I have a company savings

1104
00:51:02,239 --> 00:51:04,320
Speaker 1: accounts that sess taxes and I look at it and

1105
00:51:04,400 --> 00:51:06,160
Speaker 1: I'm like, oh, it's right there. You know, it's usually

1106
00:51:06,200 --> 00:51:09,520
Speaker 1: around exactly what I need to send out, but this time,

1107
00:51:09,719 --> 00:51:11,399
Speaker 1: I was really short at the end of the year,

1108
00:51:11,440 --> 00:51:15,279
Speaker 1: and I'm honestly wondering why. It was a strong fourth quarter,

1109
00:51:15,360 --> 00:51:17,800
Speaker 1: So that might be why, like way stronger than normal,

1110
00:51:17,840 --> 00:51:20,160
Speaker 1: because usually my fourth quarter is really slow, so it

1111
00:51:20,280 --> 00:51:22,160
Speaker 1: might be that's why. But I was like, yike, day,

1112
00:51:22,360 --> 00:51:26,239
Speaker 1: like twenty five thousand dollars. Who so yeah, So I

1113
00:51:26,360 --> 00:51:30,640
Speaker 1: mean that's just tea Yeah. So well, Nancy, Basically, here's

1114
00:51:30,680 --> 00:51:32,160
Speaker 1: the thing. If it was me and I was getting

1115
00:51:32,200 --> 00:51:34,560
Speaker 1: a big return, I like to do things in percentages,

1116
00:51:34,640 --> 00:51:37,040
Speaker 1: and I like to pre plan, so I would look

1117
00:51:37,120 --> 00:51:43,880
Speaker 1: at saving, investing, and spending right so and debt paid down.

1118
00:51:43,920 --> 00:51:46,160
Speaker 1: So those are your four categories. So how much of

1119
00:51:46,239 --> 00:51:48,880
Speaker 1: it What percentage do you want to save? What percentage

1120
00:51:48,880 --> 00:51:51,399
Speaker 1: saving meaning for a specific item or whatever, or maybe

1121
00:51:51,440 --> 00:51:54,160
Speaker 1: an emergency account. What percentage do you want to invest?

1122
00:51:54,680 --> 00:51:57,000
Speaker 1: Are you going to invest in your retirement or you're

1123
00:51:57,000 --> 00:51:59,920
Speaker 1: gonna invest in in like you know, just like wealthen

1124
00:52:00,000 --> 00:52:04,480
Speaker 1: investing debt pay down? What percentage you're gonna put towards

1125
00:52:04,480 --> 00:52:06,600
Speaker 1: some course, some sort of like credit card debt or whatever,

1126
00:52:07,000 --> 00:52:09,759
Speaker 1: like outstanding debt you have and set aside something enjoy

1127
00:52:09,880 --> 00:52:12,399
Speaker 1: I believe. Look, you know, so a percentage you might say,

1128
00:52:13,000 --> 00:52:15,799
Speaker 1: five percent of my of this return I'm getting, I'm

1129
00:52:15,840 --> 00:52:19,319
Speaker 1: going to enjoy. So let's just say, let's just say

1130
00:52:19,360 --> 00:52:21,839
Speaker 1: she's getting ten thousand dollars. What's five percent of ten

1131
00:52:21,840 --> 00:52:22,399
Speaker 1: thousand dollars?

1132
00:52:26,920 --> 00:52:29,160
Speaker 3: Ten percent of five thousand dollars is.

1133
00:52:29,760 --> 00:52:33,600
Speaker 1: Five twenty five hundred, right, is what I'm like?

1134
00:52:35,360 --> 00:52:35,840
Speaker 2: Five percent?

1135
00:52:37,160 --> 00:52:39,880
Speaker 1: Let's see what no, I'm gonna do? Okay, ten thousand

1136
00:52:39,960 --> 00:52:42,359
Speaker 1: times zero point five percent? Okay, So let's just say

1137
00:52:42,400 --> 00:52:44,920
Speaker 1: you're getting ten thousand. She's not getting ten thousand. But

1138
00:52:45,040 --> 00:52:46,600
Speaker 1: let's just say you're getting ten thousand, and you say

1139
00:52:46,640 --> 00:52:49,440
Speaker 1: five percent, I'm gonna enjoy. That means five hundred dollars

1140
00:52:49,760 --> 00:52:52,279
Speaker 1: I'm going to just enjoy guilt free. And then you

1141
00:52:52,400 --> 00:52:55,400
Speaker 1: might say a twenty percent I put toward debt, so

1142
00:52:55,520 --> 00:52:57,879
Speaker 1: that takes care of. Then you might say twenty five

1143
00:52:57,960 --> 00:53:02,160
Speaker 1: percent I'm gonna put toward saving my emergency fund, so

1144
00:53:02,239 --> 00:53:04,400
Speaker 1: that leads you with fifty percent. Then twenty five percent

1145
00:53:04,440 --> 00:53:07,840
Speaker 1: I'm going to put toward what was the other category

1146
00:53:07,880 --> 00:53:12,360
Speaker 1: that I said debt saving, I'm going to put toward investing, investing,

1147
00:53:13,160 --> 00:53:15,839
Speaker 1: and then the other twenty five percent did I cover

1148
00:53:15,960 --> 00:53:19,680
Speaker 1: all the quarters and so whatever, I would just put

1149
00:53:19,960 --> 00:53:22,280
Speaker 1: whatever the percentages are, I would figure that out ahead

1150
00:53:22,280 --> 00:53:27,280
Speaker 1: of time and break it up into those four categories debt, investing, saving, spending,

1151
00:53:27,719 --> 00:53:29,640
Speaker 1: and do it. I like to do it beforehand because

1152
00:53:29,640 --> 00:53:32,200
Speaker 1: sometimes when money gets here, we lose our minds and

1153
00:53:32,280 --> 00:53:34,920
Speaker 1: we can't focus. So beforehand, I like to figure out

1154
00:53:34,960 --> 00:53:37,960
Speaker 1: the percentage, write it down so I know when it comes.

1155
00:53:38,280 --> 00:53:42,239
Speaker 1: I make my transfers right away, and especially making sure

1156
00:53:42,280 --> 00:53:44,480
Speaker 1: you set a little something aside to enjoy so it

1157
00:53:44,520 --> 00:53:46,239
Speaker 1: doesn't feel like I got this money, but I don't

1158
00:53:46,320 --> 00:53:47,600
Speaker 1: feel like I got any money.

1159
00:53:48,760 --> 00:53:51,400
Speaker 3: Yeah, and think about ways you could maybe invest in yourself.

1160
00:53:51,560 --> 00:53:53,640
Speaker 3: I like to, like you talk about investing like that

1161
00:53:54,000 --> 00:53:57,320
Speaker 3: for retirement. But if you've been like considering taking a course,

1162
00:53:58,280 --> 00:54:02,000
Speaker 3: or you know you want invest in a new website, upgrade,

1163
00:54:02,160 --> 00:54:04,120
Speaker 3: you know, for your small business, or something that will

1164
00:54:04,120 --> 00:54:06,960
Speaker 3: have return on investment for you and your personal growth

1165
00:54:07,080 --> 00:54:09,120
Speaker 3: or your professional growth, consider that too, because I think

1166
00:54:09,160 --> 00:54:12,120
Speaker 3: that's a worthy investment. Let's makes the money that like

1167
00:54:12,200 --> 00:54:16,120
Speaker 3: an extra windfall. I like that, and I think, so, yeah,

1168
00:54:16,200 --> 00:54:17,600
Speaker 3: going back to it, if you're if your if your

1169
00:54:17,640 --> 00:54:19,880
Speaker 3: return is above average, like so I just told you

1170
00:54:20,000 --> 00:54:22,839
Speaker 3: the average about three thousand. If you're getting significantly higher

1171
00:54:22,840 --> 00:54:26,040
Speaker 3: than that, probably you should talk to an accountant. Adjust

1172
00:54:26,080 --> 00:54:29,440
Speaker 3: your withholdings. If you're getting significantly you're if you're getting

1173
00:54:29,760 --> 00:54:31,799
Speaker 3: you're owing a bunch every year, that ain't cool either,

1174
00:54:32,280 --> 00:54:33,960
Speaker 3: And again talk to an account That's what all be

1175
00:54:34,080 --> 00:54:36,120
Speaker 3: doing a lot. Just the next month is talking to

1176
00:54:36,200 --> 00:54:39,200
Speaker 3: my accountant so it doesn't happen next year. But I

1177
00:54:39,239 --> 00:54:41,400
Speaker 3: think that's maybe the best way to do it. Just

1178
00:54:41,480 --> 00:54:44,320
Speaker 3: look at how you are, you know, versus the average,

1179
00:54:44,400 --> 00:54:46,879
Speaker 3: and then adjusts either way to think on whether you're

1180
00:54:46,880 --> 00:54:48,719
Speaker 3: getting a big return or you're owing too much.

1181
00:54:51,640 --> 00:54:54,120
Speaker 1: That's I think that's good advice. See its positive. Nancy

1182
00:54:54,360 --> 00:54:55,840
Speaker 1: Hope you got your question answers.

1183
00:54:56,200 --> 00:54:59,439
Speaker 3: Thanks fancy you mentioned send us questions. We're at Brandon

1184
00:54:59,480 --> 00:55:01,120
Speaker 3: Mission pot dot com.

1185
00:55:01,600 --> 00:55:02,280
Speaker 1: Dot com.

1186
00:55:03,800 --> 00:55:05,400
Speaker 2: And anything.

1187
00:55:06,360 --> 00:55:11,160
Speaker 1: Yes, So now it is time for win, win Wind.

1188
00:55:14,560 --> 00:55:16,560
Speaker 1: I'm not gonna lie less than a win. I have

1189
00:55:16,800 --> 00:55:21,120
Speaker 1: more of a shout out for somebody. So before it

1190
00:55:21,239 --> 00:55:22,840
Speaker 1: was just funny is right. When we were about to

1191
00:55:22,880 --> 00:55:26,200
Speaker 1: start taping today, a young woman by the name of

1192
00:55:26,680 --> 00:55:29,840
Speaker 1: Jasmine Bowers reached out to me and she was like,

1193
00:55:29,880 --> 00:55:31,200
Speaker 1: oh my god, she's like such a fan of the

1194
00:55:31,239 --> 00:55:33,600
Speaker 1: brown A Viision podcast. Jackie used to actually like end

1195
00:55:33,640 --> 00:55:36,080
Speaker 1: time for me, like literally years and years and years

1196
00:55:36,080 --> 00:55:38,080
Speaker 1: ago before I even know like what I was doing.

1197
00:55:38,600 --> 00:55:43,120
Speaker 1: And she's beautiful, she's smart, and she said, oh, this

1198
00:55:43,239 --> 00:55:44,719
Speaker 1: is so cute. This is what she said. She said, So,

1199
00:55:44,840 --> 00:55:47,479
Speaker 1: I've been listening to you and Mandy reruns, not Brownham Vision,

1200
00:55:47,520 --> 00:55:52,600
Speaker 1: but You and Mandy reruns, she said, in the mornings

1201
00:55:52,640 --> 00:55:55,279
Speaker 1: while walking to class. And I've learned so much. It

1202
00:55:55,440 --> 00:55:58,000
Speaker 1: feels good to have Brown Girl Magic in my ear

1203
00:55:58,320 --> 00:56:00,960
Speaker 1: when I'm tired or struggling in the morning, y'all literally

1204
00:56:01,080 --> 00:56:03,880
Speaker 1: cover it off. Ah, So, Jasmine, I just wanted to

1205
00:56:03,920 --> 00:56:07,239
Speaker 1: give you a little hey girl, hey, and yeah, I

1206
00:56:07,320 --> 00:56:09,040
Speaker 1: just continue to listen. And Jasmine, if you have not

1207
00:56:09,160 --> 00:56:13,839
Speaker 1: left us an official review on where is It? Where

1208
00:56:13,840 --> 00:56:15,880
Speaker 1: do you want her to leave the review Mandy iTunes

1209
00:56:16,880 --> 00:56:20,759
Speaker 1: official review on iTunes. I highly suggest that you do.

1210
00:56:21,239 --> 00:56:23,680
Speaker 1: And thanks Jasmine. So that's my way and just a little,

1211
00:56:24,200 --> 00:56:27,600
Speaker 1: just a little high virtual high five to my former and.

1212
00:56:27,640 --> 00:56:31,440
Speaker 3: That reminds me of your former intran That's awesome. That

1213
00:56:31,520 --> 00:56:33,640
Speaker 3: reminds me. I got recognized from the train last week.

1214
00:56:33,800 --> 00:56:38,640
Speaker 3: It was highly real and also awesome. I'm sorry it

1215
00:56:38,760 --> 00:56:41,880
Speaker 3: was so because I don't know you. But if you

1216
00:56:41,960 --> 00:56:43,719
Speaker 3: try to have a conversation on a train at eight

1217
00:56:43,760 --> 00:56:46,080
Speaker 3: thirty in the morning, it's very difficult. We were we

1218
00:56:46,160 --> 00:56:49,640
Speaker 3: were on opposite ends of like thirty people. And thank

1219
00:56:49,719 --> 00:56:51,680
Speaker 3: you for touching my attention, because you know, he tried

1220
00:56:51,719 --> 00:56:54,000
Speaker 3: not to make eye contact on the train, and she

1221
00:56:54,239 --> 00:56:56,200
Speaker 3: was like giving me the eyes like I know you hi,

1222
00:56:56,320 --> 00:56:58,440
Speaker 3: And I was thinking, oh god, I'm so embarrassed. I

1223
00:56:58,440 --> 00:57:00,759
Speaker 3: don't know who she is. Anyway, she was so nice.

1224
00:57:00,760 --> 00:57:02,640
Speaker 3: She said I love Brown Ambition, and I said, thank

1225
00:57:02,680 --> 00:57:05,200
Speaker 3: You're my first train fan. And then we had to

1226
00:57:05,360 --> 00:57:09,480
Speaker 3: drug in silence for the next twenty minutes because I'm

1227
00:57:09,560 --> 00:57:12,040
Speaker 3: like we're going to shout over thirty people. And also

1228
00:57:12,640 --> 00:57:14,759
Speaker 3: I couldn't like get to her, so I feel and

1229
00:57:14,840 --> 00:57:16,479
Speaker 3: then I was I got off but at might stop

1230
00:57:16,520 --> 00:57:17,880
Speaker 3: and I was trying to turn around away for her

1231
00:57:17,920 --> 00:57:19,960
Speaker 3: and she was looking that way. Anyway, it was.

1232
00:57:20,280 --> 00:57:21,760
Speaker 2: It was hilarious but awesome.

1233
00:57:22,320 --> 00:57:25,320
Speaker 3: And whoever you are, whoever you are running the past

1234
00:57:25,360 --> 00:57:28,880
Speaker 3: train in Jersey City, thank you so much. And yeah, guys,

1235
00:57:28,920 --> 00:57:29,520
Speaker 3: thanks so much for you.

1236
00:57:29,600 --> 00:57:32,800
Speaker 2: I just texted our reviews. We have over three hundred views.

1237
00:57:32,920 --> 00:57:40,120
Speaker 3: No, don't no, don't happen. It is, but don't get complacent.

1238
00:57:40,240 --> 00:57:42,600
Speaker 3: Keep leaving views. It helps people find the show.

1239
00:57:42,720 --> 00:57:43,800
Speaker 2: Thank you so so much.

1240
00:57:45,360 --> 00:57:48,680
Speaker 3: Oh quick, win, okay, because you gotta go. Sorry, were

1241
00:57:48,720 --> 00:57:49,479
Speaker 3: you going to say something?

1242
00:57:49,880 --> 00:57:51,640
Speaker 1: So I'm gonna say tele friend to Telefrian if you

1243
00:57:51,680 --> 00:57:53,160
Speaker 1: love Brown and Edition tele a friend.

1244
00:57:54,080 --> 00:57:54,280
Speaker 2: Yeah.

1245
00:57:54,320 --> 00:57:56,600
Speaker 3: I was peaking at our survey results and actually a

1246
00:57:56,760 --> 00:57:59,920
Speaker 3: really good number of people are finding us through friends,

1247
00:58:00,240 --> 00:58:04,280
Speaker 3: which I make me feel like warm and fuzzy inside. Shockingly,

1248
00:58:04,360 --> 00:58:07,000
Speaker 3: ninety four percent of our listeners are women. Can you

1249
00:58:07,080 --> 00:58:07,400
Speaker 3: believe it?

1250
00:58:08,520 --> 00:58:08,720
Speaker 2: Well?

1251
00:58:08,920 --> 00:58:14,040
Speaker 1: No, well six percent of guys, jam all I know.

1252
00:58:15,680 --> 00:58:18,320
Speaker 2: So real quick.

1253
00:58:18,440 --> 00:58:21,320
Speaker 3: Just to wrap up my my win is I took

1254
00:58:21,360 --> 00:58:22,920
Speaker 3: a little I took a bit of a risk. I

1255
00:58:23,000 --> 00:58:25,600
Speaker 3: just talked about investing in yourself. So one of the

1256
00:58:25,680 --> 00:58:27,880
Speaker 3: things I've talked about is I really want to keep writing.

1257
00:58:27,960 --> 00:58:29,320
Speaker 3: I want to write a book. I need to get

1258
00:58:29,360 --> 00:58:32,080
Speaker 3: back into creative writing. Even though my job is writing

1259
00:58:32,120 --> 00:58:35,560
Speaker 3: and editing, I'm writing financial excuse me, financial stuff all

1260
00:58:35,640 --> 00:58:38,840
Speaker 3: day air day. So I actually signed up for a

1261
00:58:39,160 --> 00:58:43,120
Speaker 3: play writing course for like ten It's a ten class

1262
00:58:43,200 --> 00:58:45,400
Speaker 3: course and how to write a play. And it's not

1263
00:58:45,520 --> 00:58:47,640
Speaker 3: like I even want to write, Like I don't think

1264
00:58:47,680 --> 00:58:51,720
Speaker 3: I'll be a playwright, but it's helping me. I have accountability.

1265
00:58:51,960 --> 00:58:54,120
Speaker 3: So like every Monday for three hours, I sit down

1266
00:58:54,160 --> 00:58:57,320
Speaker 3: with like basically strangers and I have to we have

1267
00:58:57,400 --> 00:59:01,040
Speaker 3: to read something. And it's been really it's I had

1268
00:59:01,080 --> 00:59:04,360
Speaker 3: my second classes past Monday, and already I've written more

1269
00:59:04,560 --> 00:59:05,240
Speaker 3: than I ever.

1270
00:59:05,240 --> 00:59:06,280
Speaker 2: Did like the past year.

1271
00:59:06,880 --> 00:59:11,120
Speaker 3: So I'm really excited about it. Yeah, so shout out

1272
00:59:11,160 --> 00:59:15,320
Speaker 3: to trying something different and getting back into my creative

1273
00:59:15,920 --> 00:59:17,200
Speaker 3: like my creative writing juices.

1274
00:59:18,200 --> 00:59:19,800
Speaker 1: I don't even know who you are anymore. You're a

1275
00:59:19,840 --> 00:59:23,640
Speaker 1: homeowner and writing plays. Who are you? Mandras? Who are you?

1276
00:59:25,320 --> 00:59:30,160
Speaker 1: I'll tell you make clothes, No that's awesome. Well as

1277
00:59:30,200 --> 00:59:33,440
Speaker 1: for usual, it's been great taping. I hope you guys enjoyed.

1278
00:59:34,160 --> 00:59:36,360
Speaker 1: I missed you guys when we weren't when I wasn't here,

1279
00:59:37,440 --> 00:59:40,680
Speaker 1: and so yeah, like look forward to chatting next week,

1280
00:59:41,440 --> 00:59:41,960
Speaker 1: and thank.

1281
00:59:41,760 --> 00:59:44,040
Speaker 3: You for all your good You saw all the messages

1282
00:59:44,040 --> 00:59:45,439
Speaker 3: people left you on the Facebook page.

1283
00:59:45,560 --> 00:59:48,120
Speaker 1: I know that was so sweet. Like I just was

1284
00:59:48,200 --> 00:59:50,240
Speaker 1: like I went in and I was like, ah, Meanwhile,

1285
00:59:50,280 --> 00:59:52,400
Speaker 1: the first couple days, Superman was like, give me your computer.

1286
00:59:52,440 --> 00:59:57,000
Speaker 1: I was like nah, I was in the hospital, like flacking, Like, hey, guys,

1287
00:59:57,360 --> 01:00:00,720
Speaker 1: so did anybody get the email? He was like, honestly, Tiffany,

1288
01:00:01,760 --> 01:00:05,840
Speaker 1: I'm a mess. Somebody take the work away, But yes

1289
01:00:06,360 --> 01:00:07,960
Speaker 1: I did. But I have to say like after I

1290
01:00:08,040 --> 01:00:09,640
Speaker 1: felt really good the first couple of days, but then

1291
01:00:09,720 --> 01:00:12,760
Speaker 1: after of like a couple of days, I just started

1292
01:00:12,760 --> 01:00:15,400
Speaker 1: to feel like like how you're supposed to feel after surgery.

1293
01:00:15,440 --> 01:00:17,760
Speaker 1: And I actually took a good week where I literally

1294
01:00:17,840 --> 01:00:21,000
Speaker 1: did next to nothing but watch HGTV and lounge. So

1295
01:00:21,120 --> 01:00:24,080
Speaker 1: it felt nice to like WUSA. So I'm grateful for

1296
01:00:24,160 --> 01:00:26,240
Speaker 1: my team as well for always holding it down and

1297
01:00:26,480 --> 01:00:28,520
Speaker 1: for you guys for thinking about me and so many

1298
01:00:28,560 --> 01:00:30,640
Speaker 1: people reached out to me, like personally, behind the scenes,

1299
01:00:30,680 --> 01:00:32,000
Speaker 1: and I'm grateful. Thank you.

1300
01:00:32,080 --> 01:00:32,280
Speaker 2: Guys.

1301
01:00:33,440 --> 01:00:36,240
Speaker 3: Right, so soon we want a little baby budget.

1302
01:00:37,520 --> 01:00:40,960
Speaker 1: Playing. Somebody pray, somebody praying. Grandma out there pray for

1303
01:00:41,040 --> 01:00:42,680
Speaker 1: twins so I can knock it out one one shot,

1304
01:00:42,760 --> 01:01:00,240
Speaker 1: one killed, all right, y'all Yeah,