WEBVTT - Ep. 117 — Housing updates; How to Save for Retirement in Your 50s

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<v Speaker 1>Hey, hey, hey, hey, I'm Tiffany.

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<v Speaker 2>Fancy meeting you here?

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<v Speaker 1>And that's Mandy.

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<v Speaker 2>Yeah, Hi Mandy.

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<v Speaker 1>Exactly. We are Brown Ambition. We're gonna get that right

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<v Speaker 1>one day.

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<v Speaker 2>Not our best intro, not our finest work.

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<v Speaker 1>Not the finest hour. Have you been? How is your day?

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<v Speaker 1>How was your week? Your weekend, week.

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<v Speaker 2>And the week. It's just everything's just blurring together. I

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<v Speaker 2>can't believe it's already February. I know, well, no, no,

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<v Speaker 2>I mean it's March.

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<v Speaker 1>Yeah.

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<v Speaker 2>I'm like I'm way behind. It's going to be March

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<v Speaker 2>like in a few days, and I'm this year is

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<v Speaker 2>just going by too fast. I feel like I need

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<v Speaker 2>a professional slowdown. I don't know how to accomplish that

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<v Speaker 2>because I've never been busier, like work wise, but I

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<v Speaker 2>feel like I can't. You know, you need to get

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<v Speaker 2>to that point where you're like, you really can't keep

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<v Speaker 2>up this pace much longer.

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<v Speaker 1>Yeah. So I'm doing here.

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<v Speaker 2>I'm trying to be self aware and feel the signs

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<v Speaker 2>of breakish down breakdowntown, like passing the exits getting closer.

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<v Speaker 1>Yeah, You're like, oh, there's break down, down break downtown.

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<v Speaker 2>I think I'm like fifty miles out right now. Yeah,

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<v Speaker 2>I need I need to I need to chill out.

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<v Speaker 2>One thing that's that's killing me is like I need

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<v Speaker 2>I need to desperately hire another editor to support to

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<v Speaker 2>back up myself and then my other my editor. And

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<v Speaker 2>it's not just me who's suffering, my managing editor too.

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<v Speaker 2>She and I are just in the trenches together. But

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<v Speaker 2>I'm really picky, and there aren't a ton of you know,

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<v Speaker 2>candidates that have that are like have the right mix

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<v Speaker 2>of everything we want, like experience and then fit and

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<v Speaker 2>match the compensation level that we have available, et cetera,

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<v Speaker 2>et cetera. So I'm just you know, I've just been

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<v Speaker 2>hiring other positions and kind of this has just become

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<v Speaker 2>the last one that's left and it's the most important one.

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<v Speaker 2>But it's so hard. It's like you don't think about it.

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<v Speaker 2>When you it all sounds exciting, like we're growing and

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<v Speaker 2>you can hire a team. You know, my team was

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<v Speaker 2>one person, you know, two people eight months ago, and

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<v Speaker 2>now it's working on ten people and it's all super exciting.

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<v Speaker 2>But then you have, like you have to recruit those

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<v Speaker 2>ten people, which takes time and like imagine like train them,

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<v Speaker 2>but then imagine all the people you have to interview

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<v Speaker 2>before you get to the one that you want. The

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<v Speaker 2>whole process is just so involved, and because it's so

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<v Speaker 2>many all at once. And then I also my job

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<v Speaker 2>responsibilities have gotten so insane. It's like I'm just reviewing

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<v Speaker 2>applications at home after work most days, or you know,

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<v Speaker 2>setting up like trying to do the recruitment stuff after

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<v Speaker 2>hours and focusing on just like a it's like a

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<v Speaker 2>it's a weird like chicken in the egg like cycle thing.

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<v Speaker 2>I just can't get unstuck from it, like not having

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<v Speaker 2>enough time for work, but I need an editor to work,

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<v Speaker 2>but I can't have time. I don't have time to

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<v Speaker 2>find the editor because I'm working so much. Like it's nuts.

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<v Speaker 2>I'm sure, I don't know. That's just that's just where

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<v Speaker 2>I'm at.

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<v Speaker 1>Sorry to no I feel you, because honestly, I finally

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<v Speaker 1>I've reached my I've reached my capacity point. And I like,

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<v Speaker 1>there's this group I belong to called build It Well, Brand,

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<v Speaker 1>Build and Launch It with Arsha Jones. So Arsha Rsha

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<v Speaker 1>is a entrepreneur who she has got a number of

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<v Speaker 1>brands like Teeth in the Trap. She also makes capital.

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<v Speaker 1>What is that? What is that sauce in DC that

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<v Speaker 1>especially like it's like a, oh, it's called Mumbo sauce.

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<v Speaker 1>Have you ever had a Mumbo sauce?

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<v Speaker 2>No, I'm still caught up on teasing the trap.

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<v Speaker 1>Oh yeah, so tea. So she's got a whole bunch

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<v Speaker 1>of dope brands. So she started this Facebook group, which

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<v Speaker 1>is really awesome. It's filled with mostly brown ambition entrepreneurs

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<v Speaker 1>and so so I like being in there. It's really inspirational.

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<v Speaker 1>But I just like, I've been so exhausted. That Friday night,

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<v Speaker 1>I fell asleep at like six or seven, and my friend,

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<v Speaker 1>my best friend Linda text me was like, Hey, you

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<v Speaker 1>want to go to this concert? But I didn't see

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<v Speaker 1>it because I was asleep. She'd gotten free tickets to

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<v Speaker 1>this old school concert with like onyx Bone, Thugs in Harmony,

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<v Speaker 1>like all the people that I grew up with, like

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<v Speaker 1>in the nineties, And I was like, but I didn't

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<v Speaker 1>see it. So when I woke up, I was like,

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<v Speaker 1>I can't live let to a anymore.

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<v Speaker 2>Bottom.

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<v Speaker 1>Yeah, that was my missing the old school web concert.

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<v Speaker 1>I was like, you know, I could take a lot

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<v Speaker 1>of things.

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<v Speaker 2>What I say something is not right.

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<v Speaker 1>So I went to the group because there's a lot

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<v Speaker 1>of like different professional just literally every type of entrepreneur

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<v Speaker 1>you could think of. And I posted help that I

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<v Speaker 1>run two successful businesses, but I'm having trouble staying organized

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<v Speaker 1>personally and professionally that like I work best with, I

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<v Speaker 1>do work best within systems. And I have my businesses

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<v Speaker 1>like the people who work me. They have systems, but

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<v Speaker 1>they're only as effective as I will allow because oftentimes

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<v Speaker 1>I'm the bottleneck, you know, where it's like, oh, it's

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<v Speaker 1>got a pass through Tiffany, Oh well girl, good luck,

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<v Speaker 1>you know, And so like when the system the systems

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<v Speaker 1>we have that don't that don't require me work amazing,

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<v Speaker 1>but the systems where I must participate, I slow everything

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<v Speaker 1>up because I just have too many things and I

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<v Speaker 1>just I want like a I never I'm not gonna lie.

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<v Speaker 1>I didn't really ever really believe in like a business coach,

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<v Speaker 1>like in the traditional sense, but I what I really

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<v Speaker 1>am looking for is someone who knows how to help

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<v Speaker 1>people get organized. It doesn't have to be business. I'm

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<v Speaker 1>just talking about in my regular life. Like if I

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<v Speaker 1>want to be really productive tomorrow, what do I need

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<v Speaker 1>to do tonight? What do I need to do when

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<v Speaker 1>I wake up, like, how do I organize my time

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<v Speaker 1>in my day? That's what I'm looking for, And so

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<v Speaker 1>I posted in there. I got a lot of great

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<v Speaker 1>feedback and hones to say. I'm interviewing like seven or

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<v Speaker 1>eight different kind of like productivity folks, so systems folks.

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<v Speaker 1>So I'm excited because I was like, enough is enough, Tiffany,

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<v Speaker 1>Like you've taken yourself as far as you could take yourself.

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<v Speaker 1>Like I was the college kid who was like I

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<v Speaker 1>think i'll do my paper three hours before to do

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<v Speaker 1>or like you know, like I've always been like I

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<v Speaker 1>just get her done, and I've been able to like

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<v Speaker 1>bulldoze my way through, like well, you know, I've still

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<v Speaker 1>got an A on the paper, even though now I'm

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<v Speaker 1>having a nervous breakdown after I submitted it, you know.

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<v Speaker 1>So I don't want to live like that anymore. So

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<v Speaker 1>I'm excited about sharing like this coaching because I've never

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<v Speaker 1>I've had mentors and a lot of my friends I

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<v Speaker 1>asked questions of, but I've never had like aside from

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<v Speaker 1>having a personal trainer, like a you know, physical personal trainer,

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<v Speaker 1>I've never actually had like an official coach. So what

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<v Speaker 1>are these people?

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<v Speaker 2>So they like, help you manage your time, like more efficiently.

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<v Speaker 1>Well, this is what I'm hoping. My takeaway is, I

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<v Speaker 1>don't want someone who I'm going to keep forever. I

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<v Speaker 1>want someone who is going to give me strategies of

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<v Speaker 1>like I want someone to dissect Okay, this is what

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<v Speaker 1>you're currently doing. Okay, got it? So how do you

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<v Speaker 1>work best naturally? Got it? Okay, Well you know what

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<v Speaker 1>the best thing to do is, you know, set aside

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<v Speaker 1>three hours a day in this block and then two

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<v Speaker 1>hours in this I don't even know, Like, I don't

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<v Speaker 1>know what the solution is. I just want someone to

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<v Speaker 1>help me reorganize my well just organized because I've never

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<v Speaker 1>been organized, to really teach me those skills, because I've

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<v Speaker 1>never had like a system. My system is just get

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<v Speaker 1>it done. And so I would like to put some

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<v Speaker 1>systems in place, if that makes sense. Not so much

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<v Speaker 1>business systems. So I think a lot of the coaches

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<v Speaker 1>were like, oh, you need business coaching, and I'm like,

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<v Speaker 1>well maybe down the line, but essentially I need tiffany coaching,

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<v Speaker 1>Like how do I organize my time in my day?

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<v Speaker 1>So I'm not like, oh my god, I forgot dinner. Okay,

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<v Speaker 1>what are we gonna eat pizza, you know, Like, how

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<v Speaker 1>do I you know, I know, there's some things I

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<v Speaker 1>can do the night before in the morning to make

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<v Speaker 1>sure that I'm maximizing my time as it is. Right now,

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<v Speaker 1>I feel like like a firefighter. I'm constantly putting out

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<v Speaker 1>fires in emergencies, or I'm putting out fires that could

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<v Speaker 1>have been prevented with some previous like thing I could

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<v Speaker 1>have done. And I'm reaching capacity where I could do

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<v Speaker 1>that before and get away with it. But I really

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<v Speaker 1>feel like this is the last year that I have

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<v Speaker 1>the ability to do that and get away with it.

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<v Speaker 1>That it's starting to take a toll and I'm like exhausted,

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<v Speaker 1>and so yeah, yeah.

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<v Speaker 2>It's such a process the whole. It's like productivity and

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<v Speaker 2>how you achieve it because it really just depends on

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<v Speaker 2>like so many different factors. What works, Like you mentioned,

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<v Speaker 2>what worked for you in college is not going to

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<v Speaker 2>work for you, you know later on in your career as

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<v Speaker 2>you take on more responsibilities. I found that, you know,

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<v Speaker 2>at my company, Lending Tree, one of the things I

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<v Speaker 2>did for us was give us some personality training, which

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<v Speaker 2>sounds really like corny, but it's it's workplace personality it's

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<v Speaker 2>a little bit different. It's called disc DSc training. I think,

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<v Speaker 2>I don't know if I mentioned this before, but it

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<v Speaker 2>actually tells you how you It helps you see how

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<v Speaker 2>you work in the workplace, what your personality is like

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<v Speaker 2>at work, and then how like it tells you what

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<v Speaker 2>your weakness is and your strengths are. And basically what

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<v Speaker 2>I found is my natural state of being, which is

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<v Speaker 2>like very introverted and very much like task oriented and

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<v Speaker 2>doesn't want to be bothered and just write. Basically a

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<v Speaker 2>creative person, I just want to like write, sit in

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<v Speaker 2>a room in the dark room with me and you

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<v Speaker 2>know my materials and just create stuff. Does not work

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<v Speaker 2>for a manager, like does not make a good manager.

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<v Speaker 2>So I and it's not like that means I can't

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<v Speaker 2>be one. It just means that I have to really think.

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<v Speaker 2>I have to really think specifically and strategically around how

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<v Speaker 2>I interact with my employees and then how just how

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<v Speaker 2>I how I how I act at work, and how

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<v Speaker 2>I present myself and communicate and put in a lot

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<v Speaker 2>of extra effort, like even making notes for myself, like

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<v Speaker 2>you need to get up and talk to people today.

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<v Speaker 1>Oh okay, you need to put.

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<v Speaker 2>Your to do like, make your to do list, but

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<v Speaker 2>come in earlier so you can get your to do

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<v Speaker 2>is done, so you feel like you are in a

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<v Speaker 2>you know, relax enough state to have conversations with other people,

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<v Speaker 2>and you're not like because otherwise, I mean, it's just

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<v Speaker 2>it's just my personal, you know, situation at work right

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<v Speaker 2>now is there are so many things to be done,

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<v Speaker 2>and I can line up a list of tasks every

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<v Speaker 2>day and never complete them all. But I can't. I

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<v Speaker 2>can't just focus on those tasks at the you know,

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<v Speaker 2>at the detriment of everything else, everybody else in the room,

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<v Speaker 2>who needs something for me and who I need to be,

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<v Speaker 2>you know, helping as an editor, working with writers, working

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<v Speaker 2>with editors, helping them become better. Can't do that if

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<v Speaker 2>I'm focused on what I've always been focused on, which

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<v Speaker 2>is just what I'm doing, you know, like that.

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<v Speaker 1>Sort of me great.

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<v Speaker 2>When I was a reporter, Yeah, and it was my byline,

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<v Speaker 2>That's all I cared about. But now I got ten

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<v Speaker 2>people I need to worry about. So it's that switch

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<v Speaker 2>for me and doing that training in December, and if

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<v Speaker 2>there's and I'm doing another I'm just doing all these

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<v Speaker 2>trainings now, which it's just on like leadership and things

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<v Speaker 2>I'm doing one March fifth, it's specific to women in media,

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<v Speaker 2>but I'm sure there's other like now that i'm looking

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<v Speaker 2>for it, there's so many of these seminars. Yeah, and

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<v Speaker 2>I like in person stuff, but seminars coaching, these types

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<v Speaker 2>of resources that are meant to help do exactly what

0:11:07.480 --> 0:11:09.720
<v Speaker 2>you're talking about, Like how do I make my life

0:11:09.760 --> 0:11:14.280
<v Speaker 2>and career like work and how can I you know, adjust,

0:11:14.559 --> 0:11:15.960
<v Speaker 2>Like I know who I am as a person, but

0:11:16.000 --> 0:11:17.920
<v Speaker 2>how do I improve on it to be better as

0:11:17.960 --> 0:11:20.679
<v Speaker 2>a business woman or as a because I was just like.

0:11:20.679 --> 0:11:23.520
<v Speaker 1>It's like a mix. It's like I want to honor

0:11:23.559 --> 0:11:25.560
<v Speaker 1>who I am as a person, but I also don't

0:11:25.559 --> 0:11:27.040
<v Speaker 1>want to get stuck well this is how I am.

0:11:27.120 --> 0:11:30.560
<v Speaker 1>It's like, well that's not good right there, you know,

0:11:31.400 --> 0:11:34.200
<v Speaker 1>And so so I'm just I'm curious. I'm really going

0:11:34.240 --> 0:11:36.200
<v Speaker 1>to remain like I'll share the process with you guys.

0:11:36.200 --> 0:11:39.880
<v Speaker 1>I'm going to remain open to like different, you know,

0:11:40.000 --> 0:11:42.320
<v Speaker 1>like ways of being because I feel like it's like

0:11:42.320 --> 0:11:45.920
<v Speaker 1>what you said about how you your personality was perfectly

0:11:45.960 --> 0:11:48.400
<v Speaker 1>suited at that moment when you're a reporter. I feel

0:11:48.400 --> 0:11:51.600
<v Speaker 1>like that the way I am got me here, but

0:11:51.679 --> 0:11:54.280
<v Speaker 1>the way I am is keeping me here, yeah, you know,

0:11:54.440 --> 0:11:56.680
<v Speaker 1>And so I'm just like, this is so it's hard

0:11:56.720 --> 0:11:59.680
<v Speaker 1>because I don't like, I'm not working for someone, so

0:11:59.720 --> 0:12:02.520
<v Speaker 1>this is my own personal development. So it took a

0:12:02.520 --> 0:12:04.439
<v Speaker 1>moment to figure out what am I supposed to do next?

0:12:04.480 --> 0:12:06.480
<v Speaker 1>I don't you know where am I supposed to go?

0:12:06.559 --> 0:12:08.319
<v Speaker 1>So I was like, well, you know, the best thing

0:12:08.360 --> 0:12:10.040
<v Speaker 1>to start off with is just kind of reach out

0:12:10.080 --> 0:12:13.880
<v Speaker 1>and say help, because I'm not even sure what kind

0:12:13.880 --> 0:12:16.640
<v Speaker 1>of coach I'm supposed to be looking for. But I

0:12:16.640 --> 0:12:18.800
<v Speaker 1>feel like with I have like literally, like I said,

0:12:18.840 --> 0:12:22.080
<v Speaker 1>eight interviews, maybe like two or three tomorrow, and I

0:12:22.120 --> 0:12:24.000
<v Speaker 1>want to start in March. So I'm trying to kind

0:12:24.000 --> 0:12:28.000
<v Speaker 1>of like have fifteen to twenty minute chats with everyone

0:12:28.080 --> 0:12:30.760
<v Speaker 1>to get an understanding of the process and so they

0:12:30.760 --> 0:12:32.640
<v Speaker 1>can get an understanding of me. So I'm excited though,

0:12:32.640 --> 0:12:35.079
<v Speaker 1>honestly because I someone was like, are you being too

0:12:35.080 --> 0:12:36.960
<v Speaker 1>hard on yourself? And I have to reflect and I

0:12:36.960 --> 0:12:40.360
<v Speaker 1>said no, because I don't think I'm not like you're

0:12:40.360 --> 0:12:43.360
<v Speaker 1>a bad persponctivity because you're not organized. I mean, I've

0:12:43.360 --> 0:12:45.640
<v Speaker 1>always been a mess, so not in a bad way.

0:12:45.679 --> 0:12:47.920
<v Speaker 1>But that's just kind of like, oh, like my room's

0:12:47.920 --> 0:12:50.839
<v Speaker 1>messy right now. Like poor Superman he's super neat and

0:12:50.920 --> 0:12:54.800
<v Speaker 1>I'm not. But it doesn't to me. It's not a

0:12:54.880 --> 0:12:59.000
<v Speaker 1>condemnation of my character. It's just like I recognize, Okay,

0:12:59.559 --> 0:13:01.400
<v Speaker 1>like you been able to kind of skirt around this

0:13:01.559 --> 0:13:03.839
<v Speaker 1>kind of like messiness, but now it's starting to still

0:13:03.880 --> 0:13:05.959
<v Speaker 1>over to the other part. And if you want to

0:13:06.000 --> 0:13:09.560
<v Speaker 1>have kids and enter that into the mixed child, good luck.

0:13:09.760 --> 0:13:09.960
<v Speaker 1>You know.

0:13:10.440 --> 0:13:14.160
<v Speaker 2>Yeah, you mentioned earlier you called it a personal developments

0:13:14.360 --> 0:13:17.160
<v Speaker 2>That's exactly what I did during that training in December.

0:13:17.200 --> 0:13:20.200
<v Speaker 2>They made us do a personal development plan, and I

0:13:20.240 --> 0:13:22.120
<v Speaker 2>think that's so important. Ye It's like you said, it's

0:13:22.120 --> 0:13:23.840
<v Speaker 2>not a negative thing about you, but it's like a

0:13:23.880 --> 0:13:26.800
<v Speaker 2>recognition that you have room to grow. And I feel

0:13:26.800 --> 0:13:28.400
<v Speaker 2>like the big mistake a lot of people make because

0:13:28.400 --> 0:13:31.080
<v Speaker 2>they don't they don't reach for they don't reach out

0:13:31.080 --> 0:13:35.559
<v Speaker 2>and try to improve themselves personally, especially young managers.

0:13:35.559 --> 0:13:36.040
<v Speaker 1>I've had.

0:13:36.480 --> 0:13:38.600
<v Speaker 2>One of my driving forces is that I've had a

0:13:38.640 --> 0:13:40.400
<v Speaker 2>young boss. You know, I'm only thirty years old and

0:13:40.400 --> 0:13:43.200
<v Speaker 2>I manage people who are older than me. And I've

0:13:43.240 --> 0:13:46.160
<v Speaker 2>had the young boss and who doesn't who wants to

0:13:46.160 --> 0:13:48.680
<v Speaker 2>to not or even an older boss too, who doesn't

0:13:48.679 --> 0:13:52.040
<v Speaker 2>want to focus on themselves, and how you know, just

0:13:52.080 --> 0:13:53.880
<v Speaker 2>sort of gets in a place of power and is like, well,

0:13:53.880 --> 0:13:56.880
<v Speaker 2>it's my way or the highway, and that's not good

0:13:56.880 --> 0:14:00.040
<v Speaker 2>for you, and it doesn't it doesn't endear you to

0:14:00.080 --> 0:14:03.320
<v Speaker 2>any of your workers. Probably they're just talking smack about you.

0:14:03.880 --> 0:14:04.559
<v Speaker 1>Yeah.

0:14:04.640 --> 0:14:07.320
<v Speaker 2>So, and even if you're you know, lending Tree, they

0:14:07.600 --> 0:14:09.599
<v Speaker 2>gave me that training and that was cool. But I

0:14:09.679 --> 0:14:11.719
<v Speaker 2>think if you're working for a company the same way

0:14:11.760 --> 0:14:14.080
<v Speaker 2>I did, you can still look for those types of

0:14:14.080 --> 0:14:17.320
<v Speaker 2>opportunities on your own and you know whether your company

0:14:17.360 --> 0:14:19.280
<v Speaker 2>will cover or not. You won't know unless you ask

0:14:20.440 --> 0:14:22.440
<v Speaker 2>a lot of our since I since I checked our

0:14:22.480 --> 0:14:24.640
<v Speaker 2>listeners survey results, I know a lot of our listeners,

0:14:25.040 --> 0:14:27.640
<v Speaker 2>like the vast majority are working full time for employers,

0:14:27.680 --> 0:14:29.640
<v Speaker 2>So you know, if it's something, even if you're not

0:14:29.680 --> 0:14:32.440
<v Speaker 2>a manager or you want to just be more productive

0:14:32.480 --> 0:14:35.440
<v Speaker 2>in your role, I think you should definitely consider looking

0:14:35.560 --> 0:14:39.800
<v Speaker 2>up on your own some training seminars whatever that fit

0:14:39.920 --> 0:14:42.240
<v Speaker 2>your fit your job and will make you more productive,

0:14:42.280 --> 0:14:45.200
<v Speaker 2>and then taking that proposal to your boss making a

0:14:45.240 --> 0:14:47.840
<v Speaker 2>case for it. One of the things that I after

0:14:47.880 --> 0:14:50.400
<v Speaker 2>the experience I had at at the at my the

0:14:50.400 --> 0:14:53.120
<v Speaker 2>seminar I did in December at the Pointer Institute I

0:14:53.840 --> 0:14:56.840
<v Speaker 2>worked on with my with my mom, with my boss

0:14:56.920 --> 0:15:02.360
<v Speaker 2>rather my mom, well your boss to my boss, my

0:15:02.440 --> 0:15:05.280
<v Speaker 2>other boss, my other boss to institute of policy. Now,

0:15:05.360 --> 0:15:07.920
<v Speaker 2>so every because we didn't have one, you know, we

0:15:07.960 --> 0:15:09.880
<v Speaker 2>didn't have a policy on how much you could spend

0:15:09.920 --> 0:15:13.240
<v Speaker 2>on professional development. And so now everyone on my team

0:15:13.320 --> 0:15:17.480
<v Speaker 2>can spend a thousand dollars a year and get for

0:15:17.560 --> 0:15:20.040
<v Speaker 2>one of the like a conference or a seminar or something,

0:15:20.080 --> 0:15:23.160
<v Speaker 2>and you know, with approval. And everyone was just so thrilled,

0:15:23.200 --> 0:15:25.120
<v Speaker 2>and you know that I love that.

0:15:25.160 --> 0:15:27.840
<v Speaker 1>I'm going to do that. I'm stealing that for the business.

0:15:27.440 --> 0:15:29.360
<v Speaker 2>Okay, but do it for yourself too.

0:15:29.760 --> 0:15:31.320
<v Speaker 1>I'm not, Yeah, I'm not. I'm not thinking about a

0:15:31.320 --> 0:15:33.160
<v Speaker 1>thousand dollars now. You know, we got to slow down.

0:15:33.240 --> 0:15:36.280
<v Speaker 1>But I think because one of my hey shout out

0:15:36.280 --> 0:15:39.640
<v Speaker 1>to Logan, one of my Unicorn squad members that's what

0:15:39.680 --> 0:15:42.360
<v Speaker 1>we call ourselves, like the team, she was like, I'm

0:15:42.400 --> 0:15:44.640
<v Speaker 1>taking this course on. She does a lot of copy

0:15:44.960 --> 0:15:47.760
<v Speaker 1>writing and it's fairly new for her, but she's really

0:15:47.760 --> 0:15:49.480
<v Speaker 1>good at it. She has a natural knack. And she

0:15:49.640 --> 0:15:51.680
<v Speaker 1>was just the other day saying, I'm taking this course

0:15:51.720 --> 0:15:54.280
<v Speaker 1>on copywriting. I'm super excited, and I thought, wow, I

0:15:54.600 --> 0:15:57.800
<v Speaker 1>love that there was this initiative to say I have

0:15:57.880 --> 0:16:00.200
<v Speaker 1>a natural knack, but I want to really understand the

0:16:00.320 --> 0:16:03.400
<v Speaker 1>art of this, so let me and so I think, oh,

0:16:03.480 --> 0:16:07.560
<v Speaker 1>that's awesome. Honestly, I love having that set aside budget.

0:16:07.600 --> 0:16:09.360
<v Speaker 1>I feel like the team, Hey, you know, Quorn Squad

0:16:09.360 --> 0:16:11.880
<v Speaker 1>were bringing it because they listen. Unlike my family and

0:16:11.880 --> 0:16:14.760
<v Speaker 1>my friends, whatever, everybody and no one else listens, but

0:16:14.800 --> 0:16:18.440
<v Speaker 1>you know, Corn Squad listen. So I definitely think that

0:16:18.440 --> 0:16:20.800
<v Speaker 1>that's an awesome idea. We're definitely going to implement that

0:16:21.040 --> 0:16:25.320
<v Speaker 1>that you can choose some you know, like to invest

0:16:25.360 --> 0:16:27.440
<v Speaker 1>in yourself and the company will pay for it up

0:16:27.440 --> 0:16:31.320
<v Speaker 1>to a certain amount. I think that's a great idea. Yes, okay,

0:16:31.560 --> 0:16:34.200
<v Speaker 1>so look just wait, by this time, I'm going to

0:16:34.280 --> 0:16:37.880
<v Speaker 1>be so organized. But I'm just you know, I'll be.

0:16:37.720 --> 0:16:41.440
<v Speaker 2>Better work in progress, yes always.

0:16:42.280 --> 0:16:46.240
<v Speaker 1>Oh and so well, no, I was gonna say nothing

0:16:46.280 --> 0:16:47.800
<v Speaker 1>major aside from like the usual.

0:16:48.520 --> 0:16:52.520
<v Speaker 2>I have my house update. Oh yes, my journey as

0:16:52.520 --> 0:16:55.840
<v Speaker 2>a homeowner. Gosh, I don't think I've mentioned it since

0:16:55.840 --> 0:16:57.320
<v Speaker 2>the first time, and I said we were just getting

0:16:57.320 --> 0:17:02.160
<v Speaker 2>a house, but basically we're we're under contract. Things are

0:17:02.200 --> 0:17:06.040
<v Speaker 2>going ridiculously smoothly. I'm just waiting for the other foot

0:17:06.040 --> 0:17:08.200
<v Speaker 2>to like, I'm just so nervous about the whole process.

0:17:08.640 --> 0:17:12.320
<v Speaker 2>I'm like, so, where is the as best does? I

0:17:12.320 --> 0:17:16.560
<v Speaker 2>don't No, things are going Things are going pretty well.

0:17:16.600 --> 0:17:18.080
<v Speaker 2>We did have a couple of hiccups that I wanted

0:17:18.080 --> 0:17:20.680
<v Speaker 2>to share real quick, just with my learning experience, So

0:17:20.960 --> 0:17:22.800
<v Speaker 2>I don't know if I mean if you if so.

0:17:22.880 --> 0:17:25.840
<v Speaker 2>Basically I've written about this the mortgage industry. I know

0:17:25.920 --> 0:17:28.479
<v Speaker 2>all these things intellectually, but actually being in it, I

0:17:28.480 --> 0:17:31.680
<v Speaker 2>didn't factor in like the emotions of the home ownership

0:17:31.720 --> 0:17:34.280
<v Speaker 2>process and how I would like make mistakes because I

0:17:34.359 --> 0:17:37.320
<v Speaker 2>just got emotional about stuff. So one example early on

0:17:37.440 --> 0:17:40.719
<v Speaker 2>is that basically we had put in our offer, it

0:17:40.760 --> 0:17:44.880
<v Speaker 2>was accepted, and I was comparing trying to compare loan

0:17:44.960 --> 0:17:47.520
<v Speaker 2>offers from three different lenders, which was my number three

0:17:47.640 --> 0:17:50.080
<v Speaker 2>or four different lenders at the time, and I finally

0:17:50.080 --> 0:17:52.159
<v Speaker 2>got the rate that I wanted, and the person on

0:17:52.200 --> 0:17:54.119
<v Speaker 2>the phone at the lender we ended up going with

0:17:54.280 --> 0:17:55.840
<v Speaker 2>was like, well, do you want to lock it in

0:17:55.880 --> 0:17:57.400
<v Speaker 2>for you. I can lock it in for you right now.

0:17:57.840 --> 0:17:59.479
<v Speaker 2>And of course I was like yes, because if you're

0:17:59.480 --> 0:18:02.800
<v Speaker 2>paying attention, mortgage rates are rising every hour every day.

0:18:02.800 --> 0:18:05.679
<v Speaker 2>It seems like right now, still a lot lower than

0:18:05.680 --> 0:18:08.560
<v Speaker 2>they happen historically, but they are rising, and every time

0:18:08.560 --> 0:18:12.159
<v Speaker 2>they rise, it gets more expensive to borrow. So I

0:18:12.200 --> 0:18:14.520
<v Speaker 2>was like, yes, lock in my rate. And I know

0:18:14.560 --> 0:18:16.280
<v Speaker 2>what a rate lock is. It just means that they're

0:18:16.320 --> 0:18:18.560
<v Speaker 2>gonna give you that rate and no matter if rates

0:18:18.600 --> 0:18:20.119
<v Speaker 2>go up or not, they're going to you have this

0:18:20.240 --> 0:18:23.320
<v Speaker 2>rate guaranteed. Right What I forgot about is that rate

0:18:23.359 --> 0:18:29.000
<v Speaker 2>locks expire, okay, and if they expire before closing date,

0:18:29.080 --> 0:18:31.560
<v Speaker 2>then you may have to pay to extend that rate lock.

0:18:32.040 --> 0:18:34.000
<v Speaker 2>So I just got all caught up. I was locked

0:18:34.040 --> 0:18:35.600
<v Speaker 2>in the rate and then that was before I even

0:18:35.600 --> 0:18:39.360
<v Speaker 2>got my loan contract, right, okay. Cool. So the loan

0:18:39.440 --> 0:18:42.639
<v Speaker 2>contract comes and the closing data set for April tenth,

0:18:42.800 --> 0:18:45.480
<v Speaker 2>which is twenty days later than the rate lock was

0:18:46.760 --> 0:18:49.280
<v Speaker 2>set for, and I had to do a little backpedaling

0:18:49.280 --> 0:18:52.480
<v Speaker 2>and some sweet talking, you know, some like just being

0:18:52.480 --> 0:18:53.879
<v Speaker 2>really nice, and I had to go back to the

0:18:53.960 --> 0:18:56.120
<v Speaker 2>lender and explain what had happened. And just tell them

0:18:56.119 --> 0:18:58.440
<v Speaker 2>I was confused. I kind of you know, I'm like,

0:18:58.480 --> 0:19:01.840
<v Speaker 2>it's my first home. I don't know, it's a mistake,

0:19:02.359 --> 0:19:07.000
<v Speaker 2>and great, like thank goodness, the bank agreed to extend

0:19:07.040 --> 0:19:09.760
<v Speaker 2>the rate lock for free, essentially off which saved me

0:19:09.800 --> 0:19:12.480
<v Speaker 2>potentially thousands of dollars because sometimes they charge you a

0:19:12.480 --> 0:19:13.919
<v Speaker 2>percentage of your total loans they do.

0:19:14.480 --> 0:19:17.000
<v Speaker 1>I've done it. Oh yeah, first pay well my very

0:19:17.000 --> 0:19:20.040
<v Speaker 1>first house. Like the rates were ridiculously low there. It

0:19:20.080 --> 0:19:22.639
<v Speaker 1>was like three point something or something like two points something,

0:19:22.680 --> 0:19:25.480
<v Speaker 1>I don't remember, but I locked in the rate and

0:19:25.800 --> 0:19:29.280
<v Speaker 1>I same thing, super eager, did it super early. It

0:19:29.320 --> 0:19:31.320
<v Speaker 1>was a pretty smooth process like you're having now. But

0:19:31.359 --> 0:19:34.159
<v Speaker 1>still it's not like I closed in like you know,

0:19:34.359 --> 0:19:38.360
<v Speaker 1>like thirty days and so I ended up paying whatever

0:19:38.480 --> 0:19:40.919
<v Speaker 1>the percentage was. It wasn't a whole lot of money,

0:19:40.960 --> 0:19:43.399
<v Speaker 1>but to extend the rate lock. So I've been girl,

0:19:43.720 --> 0:19:44.920
<v Speaker 1>did all the house things.

0:19:47.080 --> 0:19:47.920
<v Speaker 2>I'm just learning.

0:19:48.680 --> 0:19:51.399
<v Speaker 1>I feel that that, Like I feel like frank and signed,

0:19:51.480 --> 0:19:54.359
<v Speaker 1>like I gotta go through all of the trials and

0:19:54.480 --> 0:19:57.520
<v Speaker 1>tribulations in order for everybody to see the light. I'm like,

0:19:57.520 --> 0:19:59.120
<v Speaker 1>why do I have to learn? I said frankly, sign

0:19:59.160 --> 0:20:03.720
<v Speaker 1>that's not the analogy I met, but I just work, Yeah,

0:20:03.840 --> 0:20:06.560
<v Speaker 1>that like every financial mistake out there, I've made just

0:20:06.600 --> 0:20:10.000
<v Speaker 1>about all of them, or every like hard financial lesson.

0:20:10.040 --> 0:20:12.440
<v Speaker 1>And then I'm like, I'm here to tell the tale.

0:20:12.440 --> 0:20:14.479
<v Speaker 1>But no, that's awesome that they let you do that

0:20:14.680 --> 0:20:17.000
<v Speaker 1>and extend that, because you're right, that's going to save

0:20:17.040 --> 0:20:19.479
<v Speaker 1>you so much money in the long run, because you're

0:20:19.520 --> 0:20:21.119
<v Speaker 1>getting it said, are you guys doing a thirty year

0:20:21.200 --> 0:20:22.119
<v Speaker 1>or fifteen.

0:20:21.760 --> 0:20:25.200
<v Speaker 2>Year, thirty year but it ain't gonna be thirty years. Yeah,

0:20:25.200 --> 0:20:27.879
<v Speaker 2>I told you my plan. I saw that amorte She's

0:20:28.000 --> 0:20:33.040
<v Speaker 2>Louise amortization schedule, and I'm like, yeah, it's my my

0:20:33.240 --> 0:20:37.160
<v Speaker 2>amortization schedule. So this tells you basically how much you'll

0:20:37.200 --> 0:20:39.960
<v Speaker 2>pay toward interest over the lifetime of your loan versus

0:20:39.960 --> 0:20:43.040
<v Speaker 2>principle because they like front load the interest payments, so

0:20:43.160 --> 0:20:45.480
<v Speaker 2>most of your early mortgage payments go toward the interest,

0:20:45.760 --> 0:20:48.040
<v Speaker 2>which I knew again intellectually, but then seeing my own

0:20:48.080 --> 0:20:50.399
<v Speaker 2>mortgage laid out for me, like I was five, in

0:20:50.480 --> 0:20:52.119
<v Speaker 2>five years, I was going to pay one hundred and

0:20:52.160 --> 0:20:55.040
<v Speaker 2>thirty three thousand dollars in interest and only thirty three

0:20:55.080 --> 0:20:58.800
<v Speaker 2>thousand dollars and principle, and over the course of my loan,

0:20:58.880 --> 0:21:02.440
<v Speaker 2>my effective interest rate would be seventy eight percent. Basically

0:21:02.520 --> 0:21:04.640
<v Speaker 2>seventy eight percent of my loan balance I would pay

0:21:05.080 --> 0:21:07.080
<v Speaker 2>on top of it an interest. They give you this

0:21:07.160 --> 0:21:09.800
<v Speaker 2>in the loan disclosure, if you read your loan disclosure closely. Now,

0:21:09.880 --> 0:21:12.520
<v Speaker 2>the new fancy ones that they had to roll out

0:21:12.560 --> 0:21:15.600
<v Speaker 2>after the recession, they tell you all the business and

0:21:15.680 --> 0:21:17.760
<v Speaker 2>I read it and I was like, oh Jesus Christ.

0:21:17.800 --> 0:21:20.600
<v Speaker 2>So my plan is to actually make it a fifteen

0:21:20.640 --> 0:21:22.920
<v Speaker 2>year mortgage, but I want the flexibility of a thirty

0:21:23.000 --> 0:21:25.919
<v Speaker 2>year mortgage just in case something happens and you know,

0:21:25.960 --> 0:21:27.600
<v Speaker 2>God forbid and we won't be able to afford our

0:21:27.600 --> 0:21:30.399
<v Speaker 2>mortgage payments. I won't be you know, fifteen year mortgage

0:21:30.400 --> 0:21:32.960
<v Speaker 2>would effectively double my payment and I don't want to

0:21:33.000 --> 0:21:36.160
<v Speaker 2>be stuck with that for fifteen years. So I plan on, yeah,

0:21:36.160 --> 0:21:37.280
<v Speaker 2>paying it off a lot sooner.

0:21:38.920 --> 0:21:39.120
<v Speaker 1>Yeah.

0:21:39.160 --> 0:21:41.320
<v Speaker 2>I brought up the appraisal because one of the things

0:21:41.359 --> 0:21:43.639
<v Speaker 2>that I've you know, we've talked about a lot and

0:21:43.680 --> 0:21:45.840
<v Speaker 2>written about in the mortgage industry right now, is like

0:21:46.240 --> 0:21:49.240
<v Speaker 2>and a lot of in quite a few markets, not

0:21:49.359 --> 0:21:52.479
<v Speaker 2>every housing market, but demand is so high and housing

0:21:52.520 --> 0:21:54.879
<v Speaker 2>supply is so low that in a lot of cases

0:21:54.880 --> 0:21:57.520
<v Speaker 2>people are buying houses like there's bidding moors to get

0:21:57.520 --> 0:21:59.840
<v Speaker 2>these houses, right, and people are buying houses that are

0:21:59.840 --> 0:22:02.679
<v Speaker 2>actually worth more than their praise value. And it's actually

0:22:02.720 --> 0:22:05.479
<v Speaker 2>more common that you might think. And that was one

0:22:05.480 --> 0:22:08.200
<v Speaker 2>of the concerns I had right buying and perching purchasing

0:22:08.280 --> 0:22:10.399
<v Speaker 2>a house in in the in the area of New

0:22:10.440 --> 0:22:12.760
<v Speaker 2>York where I bought it was I really wanted to

0:22:12.760 --> 0:22:15.080
<v Speaker 2>be sure that we weren't spending more than we needed to.

0:22:15.520 --> 0:22:19.080
<v Speaker 2>So we actually went in sixty dollars well ended up

0:22:19.080 --> 0:22:22.919
<v Speaker 2>getting the house for sixty underlisting price. The sellers dropped it,

0:22:22.920 --> 0:22:24.800
<v Speaker 2>and then we went in low in our in our

0:22:24.840 --> 0:22:29.120
<v Speaker 2>bid ten k below asking, but and then we were fine.

0:22:29.119 --> 0:22:32.159
<v Speaker 2>We had like a verbal agreement, right. But then a

0:22:32.200 --> 0:22:34.960
<v Speaker 2>weekend passed by, and you know, we had done our inspection.

0:22:35.080 --> 0:22:37.080
<v Speaker 2>Then a week a weekend passed by in between, and

0:22:37.080 --> 0:22:39.080
<v Speaker 2>then on that Monday, we got a call saying that

0:22:39.440 --> 0:22:44.399
<v Speaker 2>another another person or buyer had put in an offer

0:22:44.520 --> 0:22:47.200
<v Speaker 2>at asking, which I at the time thought was a

0:22:47.240 --> 0:22:50.480
<v Speaker 2>little bit higher based on the inspection and stuff. But

0:22:50.560 --> 0:22:52.600
<v Speaker 2>they liked us, and so they gave us an opportunity

0:22:52.640 --> 0:22:54.879
<v Speaker 2>to match their offer at asking, and we went in

0:22:54.920 --> 0:22:57.520
<v Speaker 2>at asking, which was ten k more than what we

0:22:57.560 --> 0:23:00.000
<v Speaker 2>originally went in for. And at the time, I was

0:23:00.240 --> 0:23:02.480
<v Speaker 2>like a little I felt uncomfortable because I was like, man,

0:23:02.520 --> 0:23:04.560
<v Speaker 2>I just we did the inspection. It wasn't terrible, but

0:23:04.600 --> 0:23:07.320
<v Speaker 2>there are things we have to do and that I

0:23:07.359 --> 0:23:09.600
<v Speaker 2>know are definitely you know, I was, I was really

0:23:09.800 --> 0:23:12.240
<v Speaker 2>eager to have that ten thousand dollars cushion, you know

0:23:12.280 --> 0:23:14.040
<v Speaker 2>what I mean. I mean I have more than that,

0:23:14.080 --> 0:23:15.560
<v Speaker 2>but just know that I was getting it for ten

0:23:15.600 --> 0:23:18.040
<v Speaker 2>thousand dollars less made me feel good inside. But we

0:23:18.080 --> 0:23:19.879
<v Speaker 2>went into asking and you know, it was fine. And

0:23:19.880 --> 0:23:22.479
<v Speaker 2>then the appraisal came in. So the appraisal happened by

0:23:22.560 --> 0:23:26.399
<v Speaker 2>the lender, our lender, we're using a lender. We paid

0:23:26.440 --> 0:23:28.760
<v Speaker 2>for it, but they hired an appraisal company and sent

0:23:28.800 --> 0:23:32.000
<v Speaker 2>them out to appraise the house, and the appraisal ended

0:23:32.080 --> 0:23:36.960
<v Speaker 2>up coming in five thousand dollars less than our purchase press.

0:23:37.920 --> 0:23:41.480
<v Speaker 2>It was my That's what I said. So in that situation,

0:23:41.960 --> 0:23:44.919
<v Speaker 2>are what we had heard is that this happened so common.

0:23:45.240 --> 0:23:47.040
<v Speaker 2>And our lawyer was like, well, in a lot of cases,

0:23:47.040 --> 0:23:49.080
<v Speaker 2>you just meet them in the middle. So basically they

0:23:49.160 --> 0:23:51.919
<v Speaker 2>would agree to drop the price twenty five hundred and

0:23:51.960 --> 0:23:54.080
<v Speaker 2>we would have to come out of pocket an additional

0:23:54.080 --> 0:23:56.600
<v Speaker 2>twenty five hundred to because basically the bank is not

0:23:56.640 --> 0:23:58.880
<v Speaker 2>going to give us some mortmage for less the house

0:23:59.000 --> 0:24:03.040
<v Speaker 2>is worth, right, Yeah, So it's really important to know that,

0:24:03.119 --> 0:24:05.240
<v Speaker 2>Like if the house comes in under, you know, under

0:24:05.440 --> 0:24:07.520
<v Speaker 2>the purchase price, you've got to basically come up with

0:24:07.560 --> 0:24:09.520
<v Speaker 2>the cash if you don't have it. And it was

0:24:09.560 --> 0:24:12.080
<v Speaker 2>you know, only five thousand dollars. But I'm sitting here

0:24:12.080 --> 0:24:13.840
<v Speaker 2>and now I'm thinking in terms of like, well, damn,

0:24:13.840 --> 0:24:16.560
<v Speaker 2>that's the HVAC, Like that's a new set of pipes

0:24:16.560 --> 0:24:19.359
<v Speaker 2>for the kitchen. You know, that's a washer and dryer.

0:24:19.520 --> 0:24:22.120
<v Speaker 2>So I'm really don't want to have to and first

0:24:22.160 --> 0:24:24.679
<v Speaker 2>of all, there's just so many other costs involved. I'm

0:24:24.720 --> 0:24:27.439
<v Speaker 2>not I don't want to spend the twenty five hundred

0:24:27.480 --> 0:24:29.280
<v Speaker 2>if I don't have to, and or five thousand if

0:24:29.280 --> 0:24:31.160
<v Speaker 2>it came to that, because the sellers very well could

0:24:31.200 --> 0:24:33.879
<v Speaker 2>be like, shoot, we'll get another two, three, four or

0:24:33.880 --> 0:24:37.680
<v Speaker 2>five offers you know tomorrow if if this doesn't go through.

0:24:38.520 --> 0:24:41.640
<v Speaker 2>But fortunately, you know, we let the weekend, go by

0:24:42.119 --> 0:24:44.680
<v Speaker 2>to stood up and said, you know, told the attorney

0:24:44.680 --> 0:24:46.560
<v Speaker 2>you know, we don't I don't want that, asked them

0:24:46.600 --> 0:24:48.160
<v Speaker 2>if they'll be willing to come down in the price,

0:24:48.520 --> 0:24:51.040
<v Speaker 2>and thankfully they were. They were willing to come down.

0:24:52.240 --> 0:24:55.760
<v Speaker 2>So we're getting it at at the Yeah, the pras.

0:24:56.080 --> 0:24:59.760
<v Speaker 1>Yeah, because here's the thing, like, even though the sellers

0:24:59.800 --> 0:25:02.360
<v Speaker 1>might we'll get somebody else. But if that, if that's

0:25:02.400 --> 0:25:07.080
<v Speaker 1>somebody else's bank says the same thing, then you're they're

0:25:07.119 --> 0:25:09.959
<v Speaker 1>counting on those people also have cash out of pocket.

0:25:10.280 --> 0:25:12.359
<v Speaker 1>So it's like, what's that phrase? A bird in the

0:25:12.359 --> 0:25:14.840
<v Speaker 1>hand is worth two in the bush? I like it,

0:25:15.200 --> 0:25:18.119
<v Speaker 1>you know. So that just means that, like, the bird

0:25:18.160 --> 0:25:21.600
<v Speaker 1>that you actually have is worth more than two potential

0:25:21.600 --> 0:25:25.000
<v Speaker 1>birds that by behind before. Yeah, you never heard of that.

0:25:25.080 --> 0:25:28.320
<v Speaker 1>Oh yeah, it's a new thing. I'm teaching these young men, right,

0:25:30.840 --> 0:25:32.879
<v Speaker 1>I'm not gonna lie. It took me years. I'm like,

0:25:32.920 --> 0:25:35.399
<v Speaker 1>I don't know what that means, and then I figured

0:25:35.400 --> 0:25:38.199
<v Speaker 1>it out the googles and so yeah, so they're smart

0:25:38.240 --> 0:25:40.760
<v Speaker 1>because you guys are solid. This is why it's important.

0:25:40.760 --> 0:25:43.080
<v Speaker 1>If you're gonna buy a house, you have to present

0:25:43.160 --> 0:25:46.840
<v Speaker 1>yourself as a solid buyer solid. You know, you have

0:25:46.920 --> 0:25:49.720
<v Speaker 1>your your your your bank is already behind you, You've

0:25:49.720 --> 0:25:53.359
<v Speaker 1>got a great credit score, you know, like showing that

0:25:53.400 --> 0:25:56.000
<v Speaker 1>you have money to put down because it means that

0:25:56.040 --> 0:25:58.320
<v Speaker 1>you're likely to close. So if you have things that

0:25:58.359 --> 0:26:00.880
<v Speaker 1>are a little shaky, then that means anything can happen

0:26:01.000 --> 0:26:03.800
<v Speaker 1>until you close, you know, like literally at the last moment,

0:26:03.880 --> 0:26:06.760
<v Speaker 1>the Baker's like, never mind, Mandy opened up a credit card,

0:26:06.800 --> 0:26:09.640
<v Speaker 1>and you're like, ah, they bought a car two days ago.

0:26:09.800 --> 0:26:12.440
<v Speaker 1>Anything can happen. And so the more solid of a

0:26:12.480 --> 0:26:14.800
<v Speaker 1>buyer you can be. They were smart because they saw

0:26:14.800 --> 0:26:19.000
<v Speaker 1>that you and husband were solid buyers. And you know, yes,

0:26:19.040 --> 0:26:21.040
<v Speaker 1>they could put it back on the market, but there's

0:26:21.080 --> 0:26:24.040
<v Speaker 1>no guarantee that anybody else is gonna be willing to

0:26:24.080 --> 0:26:26.080
<v Speaker 1>come out of pocket. I know I wouldn't be because

0:26:26.080 --> 0:26:29.320
<v Speaker 1>I'm like, well, literally, you're asking me to if a

0:26:29.359 --> 0:26:31.919
<v Speaker 1>house is an investment, you're asking me to overpay for

0:26:31.960 --> 0:26:34.199
<v Speaker 1>an investment. So my return on my investment right now

0:26:34.280 --> 0:26:37.120
<v Speaker 1>is negative. That's not right, you know, So that's good.

0:26:45.520 --> 0:26:50.520
<v Speaker 1>All right, it's time to break booze. I'm not gonna

0:26:50.520 --> 0:26:52.399
<v Speaker 1>lie right well, you know what I'm gonna do a

0:26:52.480 --> 0:26:56.879
<v Speaker 1>brown boost, and my brown boost goes out to my

0:26:57.000 --> 0:27:01.240
<v Speaker 1>sugar plumb, my nephew, and well, my sugar plums, my nephew,

0:27:01.280 --> 0:27:04.600
<v Speaker 1>my niece. That even when I'm they're literally like my

0:27:06.160 --> 0:27:08.040
<v Speaker 1>I don't know my happy space. So when I'm like

0:27:08.080 --> 0:27:11.280
<v Speaker 1>super overwhelmed, I'm like nothing's going right. I literally call

0:27:11.359 --> 0:27:13.840
<v Speaker 1>my sister and I'm like, oh B, that's her nickname,

0:27:13.960 --> 0:27:16.920
<v Speaker 1>oh B, not even her. I'm like, are the kids home?

0:27:18.359 --> 0:27:20.440
<v Speaker 1>And she said yes, Well, I'm like I need a boost,

0:27:21.240 --> 0:27:23.960
<v Speaker 1>and I'll just come over. And my my niece is

0:27:24.000 --> 0:27:27.680
<v Speaker 1>only one, so she's crawling. My nephew's almost she's like

0:27:27.720 --> 0:27:29.440
<v Speaker 1>two and a half, so he'll run to the door

0:27:29.520 --> 0:27:33.240
<v Speaker 1>Auntie and then we'll play and watch Muana And just

0:27:33.760 --> 0:27:36.240
<v Speaker 1>as I'm driving over there, whatever my cares and worries

0:27:36.280 --> 0:27:39.919
<v Speaker 1>are like melt away. There's just something about happy, go

0:27:40.080 --> 0:27:43.840
<v Speaker 1>lucky kids, and so yes, I just want to boost

0:27:43.920 --> 0:27:47.639
<v Speaker 1>just that natural DOPELE mean I get from just like

0:27:47.680 --> 0:27:49.520
<v Speaker 1>hearing their voice or seeing them. And sometimes if I

0:27:49.520 --> 0:27:51.119
<v Speaker 1>can't get over, I'll just literally look at their picture

0:27:51.240 --> 0:27:55.520
<v Speaker 1>like please give me some good juju. I did, And

0:27:55.560 --> 0:27:58.760
<v Speaker 1>so they're here now, they're actually downstairs like my my

0:27:58.760 --> 0:28:00.760
<v Speaker 1>my husband is giving my nephe you a haircut, because

0:28:00.760 --> 0:28:03.040
<v Speaker 1>he's like the only one that, for whatever reason that

0:28:03.119 --> 0:28:05.600
<v Speaker 1>will allow him to cut his hair without screaming bloody murder.

0:28:05.680 --> 0:28:07.960
<v Speaker 1>So it's just like it just puts me in such

0:28:07.960 --> 0:28:09.879
<v Speaker 1>a great state of mind, no matter what's happening. And

0:28:09.920 --> 0:28:13.080
<v Speaker 1>so that's how I knew. I was like, Wow, I've

0:28:13.080 --> 0:28:16.560
<v Speaker 1>always liked kids, but like my my visceral reaction to

0:28:16.600 --> 0:28:18.959
<v Speaker 1>them is like, yeah, you're ready to have a baby.

0:28:19.720 --> 0:28:22.240
<v Speaker 1>Like I never cared this much before, not for them,

0:28:22.280 --> 0:28:24.520
<v Speaker 1>just in general. I mean as a teacher, I loved

0:28:24.520 --> 0:28:26.199
<v Speaker 1>my kids, but I was like, oh, I want my

0:28:26.320 --> 0:28:30.040
<v Speaker 1>kids now. I'm like, I want them and forever until

0:28:30.040 --> 0:28:31.920
<v Speaker 1>I babysit for eight hours straight and I'm like, take

0:28:32.000 --> 0:28:32.560
<v Speaker 1>them home.

0:28:33.280 --> 0:28:35.639
<v Speaker 2>But the ovaries are heating up.

0:28:36.080 --> 0:28:39.040
<v Speaker 1>Yeah, they are definitely heating up. So yeah, that's my

0:28:39.120 --> 0:28:43.320
<v Speaker 1>brown boost. It's just my natural you know, natural dope.

0:28:43.400 --> 0:28:45.080
<v Speaker 1>Mean I get from my niece and my nephew.

0:28:45.640 --> 0:28:48.880
<v Speaker 2>Okay, so my break I actually have. I'm like, which

0:28:48.920 --> 0:28:50.920
<v Speaker 2>news story do I go from? So there's two. I'm

0:28:51.000 --> 0:28:53.880
<v Speaker 2>just one. It's just funny to me. So this story

0:28:54.000 --> 0:28:59.680
<v Speaker 2>just came on today. So Ben Carson remember mister Magic Hans, Yeah,

0:29:00.000 --> 0:29:02.160
<v Speaker 2>you know, would be president is now if you'd forgot

0:29:02.200 --> 0:29:05.520
<v Speaker 2>where he is. He's the Director of Housing and Urban Development. Okay,

0:29:05.600 --> 0:29:08.960
<v Speaker 2>so you know the hood is just I mean, it's

0:29:08.960 --> 0:29:10.200
<v Speaker 2>in charge of a lot of stuff, but one of

0:29:10.200 --> 0:29:13.080
<v Speaker 2>those is providing housing to low income Americans.

0:29:13.160 --> 0:29:13.360
<v Speaker 1>Right.

0:29:13.960 --> 0:29:16.959
<v Speaker 2>So this New York Times investigation just found that at

0:29:17.000 --> 0:29:19.760
<v Speaker 2>the same time mister ben Carson was announcing he was

0:29:19.800 --> 0:29:24.000
<v Speaker 2>going to cut low income housing across the country, his

0:29:24.080 --> 0:29:27.320
<v Speaker 2>wife was using government dollars to purchase a thirty one

0:29:27.320 --> 0:29:31.600
<v Speaker 2>thousand dollars dy net set for his office. Wow.

0:29:33.920 --> 0:29:35.960
<v Speaker 1>Yeah, it's like, well, how embarrassing is that?

0:29:36.360 --> 0:29:39.920
<v Speaker 2>Highly embarrassing? It just it just shows you, like the

0:29:40.160 --> 0:29:42.680
<v Speaker 2>mentality that's happening in the White House right now and

0:29:42.840 --> 0:29:45.760
<v Speaker 2>his cabinet members, like the fact I'm just reading this

0:29:45.840 --> 0:29:49.720
<v Speaker 2>story now, but basically his wife encouraged the people who

0:29:49.720 --> 0:29:52.800
<v Speaker 2>were holding the purse strings to break rules to find

0:29:52.800 --> 0:29:56.160
<v Speaker 2>this thirty one thousand dollars for this, like this dining set.

0:29:56.360 --> 0:29:59.040
<v Speaker 1>Well, you know, I'm not surprised because I remember my

0:29:59.120 --> 0:30:03.120
<v Speaker 1>parents literally giving me gifted hands, Like my dad was saying, Rita.

0:30:03.160 --> 0:30:06.360
<v Speaker 1>It's so inspirational because Benjamin the thing that he turns

0:30:06.400 --> 0:30:10.160
<v Speaker 1>his nose up at the single mother raising like young

0:30:10.200 --> 0:30:13.040
<v Speaker 1>black boy, Like I'm like, but that was literally your life.

0:30:13.520 --> 0:30:15.040
<v Speaker 1>I just don't get it, Like it is the self

0:30:15.080 --> 0:30:18.280
<v Speaker 1>hatred that deep, like you know, like anti single mother,

0:30:18.440 --> 0:30:23.600
<v Speaker 1>so your mom, I don't get it, you know. So

0:30:23.680 --> 0:30:26.080
<v Speaker 1>it's just honestly, it's.

0:30:25.960 --> 0:30:28.280
<v Speaker 2>Just yeah, clouds judgment.

0:30:28.800 --> 0:30:31.240
<v Speaker 1>Now it's for real. And it's such a shame because

0:30:31.800 --> 0:30:36.200
<v Speaker 1>he had the opportunity to have his legacy be so

0:30:36.360 --> 0:30:39.800
<v Speaker 1>powerful because of like what as a surgeon, how what

0:30:39.880 --> 0:30:42.920
<v Speaker 1>a brilliant, gifted surgeon that he was, and especially with

0:30:43.000 --> 0:30:45.640
<v Speaker 1>the background that he had, like that was his legacy.

0:30:46.240 --> 0:30:48.960
<v Speaker 1>No one knew anything else about this other foolishness, but

0:30:49.000 --> 0:30:52.080
<v Speaker 1>he decided to throw it all away. And now I

0:30:52.120 --> 0:30:54.320
<v Speaker 1>can't see him as like, you know, of course I

0:30:54.360 --> 0:30:56.520
<v Speaker 1>know that he's this gifted surgeon, but your legacy is

0:30:56.560 --> 0:30:59.280
<v Speaker 1>now that you are a gifted idiot. And so there

0:30:59.280 --> 0:31:00.640
<v Speaker 1>you go, there you.

0:31:00.680 --> 0:31:10.480
<v Speaker 2>Go, well said, Okay, it's in time for questions, guys.

0:31:10.560 --> 0:31:14.560
<v Speaker 2>Remember you can go to Brandnambisson podcast dot com to

0:31:14.600 --> 0:31:17.120
<v Speaker 2>ask us anything, and or you can email us at

0:31:17.160 --> 0:31:20.840
<v Speaker 2>brand Ambisson podcast at gmail dot com. And I am

0:31:20.880 --> 0:31:22.800
<v Speaker 2>working hard we're going to answer more of your questions.

0:31:22.800 --> 0:31:25.200
<v Speaker 2>We're trying to answer more of your questions pack it

0:31:25.240 --> 0:31:27.080
<v Speaker 2>into the show. So today, let's see if we can

0:31:27.120 --> 0:31:32.080
<v Speaker 2>get through two shorter questions. So here's a question from Oh,

0:31:32.120 --> 0:31:34.640
<v Speaker 2>this is a okay, I'll save the life insurance one

0:31:34.680 --> 0:31:35.960
<v Speaker 2>for next week. I think it's a good one, though,

0:31:35.960 --> 0:31:38.160
<v Speaker 2>but it's probably gonna take too long. So let's question

0:31:38.200 --> 0:31:41.080
<v Speaker 2>is from Ava. It's about her mother, who's fifty eight

0:31:41.120 --> 0:31:43.920
<v Speaker 2>years old, and she says it's a heavy retirement question.

0:31:44.520 --> 0:31:46.960
<v Speaker 2>So let me paraphrase this. My mom is fifty eight.

0:31:47.000 --> 0:31:50.560
<v Speaker 2>She's incredible. She did everything for me and my siblings. Recently,

0:31:50.640 --> 0:31:54.880
<v Speaker 2>she was divorced and after the divorce proceedings, my father

0:31:55.000 --> 0:31:57.640
<v Speaker 2>managed to get away without having to pay her anything.

0:31:58.160 --> 0:32:00.680
<v Speaker 2>So now essentially my mom has no money to fight

0:32:00.760 --> 0:32:04.280
<v Speaker 2>him in court, has a house with twenty five years

0:32:04.360 --> 0:32:07.560
<v Speaker 2>left on the mortgage, and only ten thousand dollars saved up.

0:32:08.120 --> 0:32:11.520
<v Speaker 2>Needless to say, she's incredibly discouraged. Again, she's fifty eight

0:32:11.600 --> 0:32:13.840
<v Speaker 2>years old. I told her not to worry that my

0:32:13.880 --> 0:32:15.720
<v Speaker 2>siblings and I will help her figure it out, but

0:32:15.720 --> 0:32:18.160
<v Speaker 2>she's very independent and wants to do it on her own.

0:32:18.880 --> 0:32:21.400
<v Speaker 2>What are I'm very worried that she's so desperate that

0:32:21.480 --> 0:32:24.280
<v Speaker 2>she's going to fall prey to some get rich, get

0:32:24.400 --> 0:32:27.400
<v Speaker 2>rich quick scams. So what are the best steps for

0:32:27.440 --> 0:32:29.760
<v Speaker 2>her to take over the next six to seven years.

0:32:30.280 --> 0:32:33.080
<v Speaker 2>What's the best plan for her to maximize her retirement savings?

0:32:33.160 --> 0:32:35.720
<v Speaker 2>And how can I and my siblings help her. We

0:32:35.800 --> 0:32:37.560
<v Speaker 2>love her and want her to be well taken care of.

0:32:38.680 --> 0:32:40.960
<v Speaker 2>That's very sweet, and I feel so I feel so

0:32:41.320 --> 0:32:45.160
<v Speaker 2>strongly for this mom because she's actually my mom's age,

0:32:45.560 --> 0:32:47.520
<v Speaker 2>and my mom just got divorced a couple of years ago,

0:32:48.040 --> 0:32:50.320
<v Speaker 2>and not to put her business out there, but she

0:32:51.360 --> 0:32:53.960
<v Speaker 2>didn't get divorced with a ton of like a big

0:32:54.000 --> 0:32:57.960
<v Speaker 2>safety net at the time. And my dad's also fifty eight,

0:32:58.080 --> 0:33:00.520
<v Speaker 2>and he just started a new job a few months

0:33:00.560 --> 0:33:04.080
<v Speaker 2>ago and has zero sort of retirement. He's never had

0:33:04.080 --> 0:33:05.720
<v Speaker 2>a four to one K and no retirement. So I've

0:33:05.720 --> 0:33:08.040
<v Speaker 2>thought about this question a lot for my own parents,

0:33:09.400 --> 0:33:13.720
<v Speaker 2>you know, what can they do? And I started when

0:33:13.760 --> 0:33:17.840
<v Speaker 2>I got this question, I started thinking about first the mortgage.

0:33:18.160 --> 0:33:21.640
<v Speaker 2>So she has a house, she has an asset, way

0:33:21.720 --> 0:33:24.320
<v Speaker 2>she could save more and also reduce her living expenses.

0:33:24.360 --> 0:33:26.120
<v Speaker 2>So I have just like two quick ideas and then

0:33:26.200 --> 0:33:28.920
<v Speaker 2>of course you can chime in. So one on how

0:33:28.960 --> 0:33:32.360
<v Speaker 2>she can save more is when you're over fifty years old,

0:33:32.400 --> 0:33:36.160
<v Speaker 2>you're actually able to make catch up contributions to your

0:33:36.280 --> 0:33:38.680
<v Speaker 2>retirement account to your four to one K. So that

0:33:38.800 --> 0:33:42.760
<v Speaker 2>means right now, I think the maximum limit for per

0:33:42.880 --> 0:33:46.280
<v Speaker 2>year is eighteen thousand dollars annually for the regular average

0:33:46.320 --> 0:33:48.840
<v Speaker 2>and average worker and their four to one K. But

0:33:48.920 --> 0:33:50.920
<v Speaker 2>if you're over fifty, you can actually contribute I think

0:33:50.920 --> 0:33:53.200
<v Speaker 2>an additional six thousand dollars for a total of twenty

0:33:53.240 --> 0:33:56.120
<v Speaker 2>four thousand dollars to your four to one K. So

0:33:56.560 --> 0:33:59.120
<v Speaker 2>if she's looking to save more, she could be socking

0:33:59.120 --> 0:34:01.760
<v Speaker 2>away more money pre tax into her four one K.

0:34:02.480 --> 0:34:05.760
<v Speaker 2>And I know, fifty eight seems old, like, oh, retirement's

0:34:05.760 --> 0:34:08.799
<v Speaker 2>only seven years away, like it is, But more and

0:34:08.840 --> 0:34:11.239
<v Speaker 2>more experts are saying that even though you know you're

0:34:11.280 --> 0:34:14.360
<v Speaker 2>gonna be living, you know, depending on your health, you

0:34:14.440 --> 0:34:16.680
<v Speaker 2>may be living into your eighties. You know, it's not

0:34:16.760 --> 0:34:19.080
<v Speaker 2>uncommon these days to live that long. So what's another

0:34:19.120 --> 0:34:21.920
<v Speaker 2>twenty years? You know, fifteen to twenty years you may

0:34:21.960 --> 0:34:24.680
<v Speaker 2>have to last. And so it's not like it's not

0:34:24.719 --> 0:34:27.480
<v Speaker 2>important for you to be investing now. It is important

0:34:27.520 --> 0:34:31.239
<v Speaker 2>to think about investing now and continuing to put away money.

0:34:31.320 --> 0:34:33.200
<v Speaker 2>So if she has the extra money, I would say,

0:34:33.680 --> 0:34:36.000
<v Speaker 2>use use the fact that you're over fifty to to

0:34:36.040 --> 0:34:39.360
<v Speaker 2>make those catch up contributions. And my second thing is,

0:34:39.360 --> 0:34:41.040
<v Speaker 2>you know, if she has a mortgage with twenty five

0:34:41.120 --> 0:34:44.400
<v Speaker 2>years left on it, is it possible for you to

0:34:45.120 --> 0:34:47.839
<v Speaker 2>downsize or is it possible for you to get a

0:34:47.880 --> 0:34:51.200
<v Speaker 2>tenant to rent a floor out to, or a room

0:34:51.200 --> 0:34:54.120
<v Speaker 2>out to, or something to bring an additional income, you know,

0:34:54.200 --> 0:34:56.680
<v Speaker 2>make that asset work for you, or you could, like

0:34:56.719 --> 0:34:59.520
<v Speaker 2>I said, think about selling and maybe downsizing to something

0:34:59.560 --> 0:35:03.839
<v Speaker 2>that's more affordable. Even though I know it's probably really

0:35:03.920 --> 0:35:06.000
<v Speaker 2>difficult to that age to think about taking a step

0:35:06.040 --> 0:35:08.880
<v Speaker 2>back in terms of your housing, but it's not uncommon.

0:35:08.920 --> 0:35:12.719
<v Speaker 2>I don't think a lot of people in their sixties downsize,

0:35:12.760 --> 0:35:14.680
<v Speaker 2>not just because financially, but just because they don't need

0:35:14.680 --> 0:35:18.200
<v Speaker 2>as much house anymore, you know, with children grown up

0:35:18.239 --> 0:35:20.840
<v Speaker 2>and like being out of the house. Maybe that's something

0:35:21.680 --> 0:35:26.120
<v Speaker 2>something you can consider. And because she mentioned get rich

0:35:26.200 --> 0:35:31.319
<v Speaker 2>quick scams, I immediately thought of reverse mortgages. Okay, so

0:35:31.400 --> 0:35:34.200
<v Speaker 2>first let me explain what a reverse mortgage is so

0:35:34.280 --> 0:35:36.919
<v Speaker 2>basically a reverse mortgage. It's a special type of loan

0:35:36.920 --> 0:35:40.040
<v Speaker 2>from the bank for people from homeowners who are over

0:35:40.080 --> 0:35:43.000
<v Speaker 2>the age of sixty two. So with the reverse mortgage,

0:35:43.040 --> 0:35:45.480
<v Speaker 2>so lender is basically going to pay you back some

0:35:45.600 --> 0:35:47.920
<v Speaker 2>of your home's equity, and instead of giving it to

0:35:47.960 --> 0:35:49.799
<v Speaker 2>you in one lump sum, it's going to convert it

0:35:49.800 --> 0:35:53.160
<v Speaker 2>into monthly payments for as long as you live. You

0:35:53.239 --> 0:35:55.640
<v Speaker 2>live in your home and you continue to pay off

0:35:55.640 --> 0:35:59.239
<v Speaker 2>your other obligations of your mortgage, you don't actually have

0:35:59.320 --> 0:36:02.200
<v Speaker 2>to pay the money back. However, if you were to

0:36:02.239 --> 0:36:05.560
<v Speaker 2>die or sell your home or move out, you or

0:36:05.600 --> 0:36:09.239
<v Speaker 2>your spouse or your estate meaning possibly your children your

0:36:09.239 --> 0:36:13.520
<v Speaker 2>heirs could become liable for the loan. So it may

0:36:13.600 --> 0:36:16.000
<v Speaker 2>sound like it's a great way, and it can be,

0:36:16.160 --> 0:36:18.400
<v Speaker 2>you know, a nice way to have additional income coming

0:36:18.400 --> 0:36:21.960
<v Speaker 2>in every month. It's definitely not for everybody, especially if

0:36:22.000 --> 0:36:24.839
<v Speaker 2>you don't think you'll be able to if you don't

0:36:24.880 --> 0:36:27.840
<v Speaker 2>want your future heirs or your spouse to have to

0:36:27.880 --> 0:36:31.360
<v Speaker 2>suddenly be stuck with the payments if you were to

0:36:31.400 --> 0:36:34.440
<v Speaker 2>suddenly pass away or sell your home and weren't able

0:36:34.480 --> 0:36:37.759
<v Speaker 2>to pay the lenderback. So just keep that in mind,

0:36:38.239 --> 0:36:41.560
<v Speaker 2>and I would just say, really, like, consult a professional

0:36:41.600 --> 0:36:44.359
<v Speaker 2>before you consider it, because it may not be like this,

0:36:44.600 --> 0:36:47.480
<v Speaker 2>you know, the one fit answer that is going to

0:36:47.560 --> 0:36:50.600
<v Speaker 2>help you, you know, get your finances back on track

0:36:51.080 --> 0:36:51.960
<v Speaker 2>that you may think it is.

0:36:52.480 --> 0:36:54.319
<v Speaker 1>And I'll just add this one thing that I don't know.

0:36:54.360 --> 0:36:56.080
<v Speaker 1>Did she say, did the divorce just happen?

0:36:56.640 --> 0:36:57.799
<v Speaker 2>She said four years ago?

0:36:57.840 --> 0:36:59.960
<v Speaker 1>I believe, Okay, I was just going to say that

0:37:00.080 --> 0:37:03.080
<v Speaker 1>if it just happened that one of the things I

0:37:03.160 --> 0:37:07.120
<v Speaker 1>remember a grief counselor friend of mine said that, you

0:37:07.160 --> 0:37:09.839
<v Speaker 1>know when to give yourself time before you make any

0:37:09.880 --> 0:37:13.560
<v Speaker 1>major decisions. Before years is a good amount of time,

0:37:13.920 --> 0:37:16.040
<v Speaker 1>but like, you know, not to make any rush decisions

0:37:16.080 --> 0:37:18.360
<v Speaker 1>because oftentimes you you know, you're still grieving and she

0:37:18.440 --> 0:37:21.359
<v Speaker 1>might still be four years might not be complete. But

0:37:22.160 --> 0:37:25.640
<v Speaker 1>to make choices, you know, from a space of like

0:37:25.840 --> 0:37:29.399
<v Speaker 1>not this panic, you know mode, because there are going

0:37:29.440 --> 0:37:31.520
<v Speaker 1>to be choices that are going to reflect the fact

0:37:31.520 --> 0:37:34.480
<v Speaker 1>that you're acting from a place of fear and worry

0:37:34.560 --> 0:37:38.000
<v Speaker 1>and and sometimes you know, because like my mom honestly

0:37:38.160 --> 0:37:40.280
<v Speaker 1>was like I don't want to work anymore. I was like, oh,

0:37:41.120 --> 0:37:43.160
<v Speaker 1>so like in a year, she's like, no, as in

0:37:43.200 --> 0:37:45.600
<v Speaker 1>too much for now. I'm like, wait, may what She

0:37:45.719 --> 0:37:47.239
<v Speaker 1>just was over it? She literally woke up, was like,

0:37:47.239 --> 0:37:49.160
<v Speaker 1>I'm over it. My dad has been retired for years

0:37:49.160 --> 0:37:51.680
<v Speaker 1>because he's like eleven years older than her, and so

0:37:51.920 --> 0:37:53.960
<v Speaker 1>she honestly has like a year and a half left,

0:37:54.000 --> 0:37:55.759
<v Speaker 1>but she's just like, I'm not going back to work.

0:37:55.760 --> 0:37:59.359
<v Speaker 1>I'm over it. And so I could sit down with her,

0:37:59.400 --> 0:38:02.560
<v Speaker 1>and I didn't first, but I realized that I needed

0:38:02.560 --> 0:38:06.279
<v Speaker 1>a third set of eyes that wasn't as invested as

0:38:06.320 --> 0:38:07.960
<v Speaker 1>I was and as she was, so we could get

0:38:08.080 --> 0:38:10.920
<v Speaker 1>like a calming voice for us all to kind of

0:38:10.960 --> 0:38:14.120
<v Speaker 1>look at like the collective finances of she and my

0:38:14.200 --> 0:38:16.480
<v Speaker 1>dad and then her finances, and so sometimes that helps

0:38:16.520 --> 0:38:19.120
<v Speaker 1>to So I would just suggest that of having maybe

0:38:19.160 --> 0:38:21.839
<v Speaker 1>somebody to sit with you guys to kind of like

0:38:22.000 --> 0:38:25.040
<v Speaker 1>unpack the finances, because that's what we had to do,

0:38:25.120 --> 0:38:27.040
<v Speaker 1>because I was worried at first. But then as we

0:38:27.040 --> 0:38:29.840
<v Speaker 1>start to unpack her finances, I realized that there's actually

0:38:30.000 --> 0:38:33.040
<v Speaker 1>enough here. There's enough. She and my dad have enough

0:38:33.120 --> 0:38:35.560
<v Speaker 1>in retirement, but then they also have enough as far

0:38:35.600 --> 0:38:38.840
<v Speaker 1>as like other kind of income coming in. And I said, oh,

0:38:38.880 --> 0:38:40.560
<v Speaker 1>So it made me because I was worried at first.

0:38:40.600 --> 0:38:43.320
<v Speaker 1>It's like, wow, you're not following the plan like daddy

0:38:43.400 --> 0:38:45.080
<v Speaker 1>has the like my father was to see a phone

0:38:45.120 --> 0:38:47.760
<v Speaker 1>and accountant, so he had like the plan all planned

0:38:47.800 --> 0:38:50.560
<v Speaker 1>out once she retires in two years, Like if she

0:38:50.600 --> 0:38:53.120
<v Speaker 1>would have waited, the plan would have been like planned

0:38:53.160 --> 0:38:56.440
<v Speaker 1>action now, but like you know, two years early, he

0:38:56.480 --> 0:38:58.920
<v Speaker 1>didn't plan for that. So you know, the linear thinker

0:38:58.960 --> 0:39:01.840
<v Speaker 1>in him is like I gotta do and so having

0:39:02.000 --> 0:39:04.400
<v Speaker 1>like so despite that me being in finance and my

0:39:04.480 --> 0:39:07.800
<v Speaker 1>dad being like super mister finance with his like masters

0:39:07.800 --> 0:39:10.600
<v Speaker 1>and like economics and finance, you know, it was still

0:39:10.680 --> 0:39:13.000
<v Speaker 1>nice to have a third set of eyes that wasn't

0:39:13.400 --> 0:39:16.520
<v Speaker 1>like in freak out mode. So that's just a suggestion.

0:39:18.160 --> 0:39:19.880
<v Speaker 2>Yeah, and the fact that you guys are there to

0:39:19.920 --> 0:39:25.520
<v Speaker 2>support her is an asset. So I think maybe taking

0:39:25.560 --> 0:39:28.799
<v Speaker 2>Tiffany's suggestion, getting maybe an expert to sit down with

0:39:28.840 --> 0:39:31.000
<v Speaker 2>her and really look. Another thing is you may not

0:39:31.080 --> 0:39:34.439
<v Speaker 2>even know your mother's whole financial picture. Like I don't

0:39:34.440 --> 0:39:37.640
<v Speaker 2>know about you, but sometimes I sometimes I catch snippets

0:39:37.680 --> 0:39:40.680
<v Speaker 2>of reality, like snippets of truth financial truths of my parents,

0:39:40.760 --> 0:39:43.600
<v Speaker 2>and I'm like you did what where? Like what because

0:39:43.640 --> 0:39:45.360
<v Speaker 2>you know, they may not want to tell you everything,

0:39:45.640 --> 0:39:48.000
<v Speaker 2>and so they may even just need like another person,

0:39:48.000 --> 0:39:50.160
<v Speaker 2>an expert to talk to, to tell them that you know,

0:39:50.239 --> 0:39:53.600
<v Speaker 2>the whole truth of where their finances are at, because

0:39:53.600 --> 0:39:56.120
<v Speaker 2>only then can they really make a plan for for them,

0:39:56.560 --> 0:40:02.320
<v Speaker 2>you know, that could potentially help her save more for retirement. Yeah, okay,

0:40:02.560 --> 0:40:03.840
<v Speaker 2>thank you for your question, Ava.

0:40:04.719 --> 0:40:06.400
<v Speaker 1>So yeah, so continue to reach out to us if

0:40:06.440 --> 0:40:10.600
<v Speaker 1>you have questions and you you know you want answers,

0:40:10.880 --> 0:40:14.560
<v Speaker 1>you want answers, definitely hit us up on Brianambis Podcasts

0:40:14.560 --> 0:40:18.120
<v Speaker 1>at gmail dot com. You could also go to Brownhambition

0:40:18.239 --> 0:40:21.719
<v Speaker 1>podcast dot com and and click ask us anything that's

0:40:21.760 --> 0:40:29.280
<v Speaker 1>like the simplest way. And it's time for Winds win day.

0:40:32.760 --> 0:40:34.600
<v Speaker 1>I feel so good, like, wait, see, look at I

0:40:34.600 --> 0:40:36.160
<v Speaker 1>don't even have a coach yet. And look how I

0:40:36.200 --> 0:40:38.480
<v Speaker 1>remember the email and all that kind of stuff. When

0:40:38.560 --> 0:40:40.160
<v Speaker 1>have you known me to remember those things?

0:40:40.200 --> 0:40:42.520
<v Speaker 2>Look at me in two years.

0:40:42.840 --> 0:40:45.640
<v Speaker 1>This third, third time? Maybe maybe?

0:40:46.440 --> 0:40:50.160
<v Speaker 2>Yeah, I feel like that's a generous estimate.

0:40:51.560 --> 0:40:59.600
<v Speaker 1>I'm cooking with chrisco Grease. Yeah, oh, Winds, Winds, Winds,

0:41:01.880 --> 0:41:04.239
<v Speaker 1>I don't have one coming to mind. Just oh, this

0:41:04.320 --> 0:41:06.480
<v Speaker 1>is gonna be a little silatious. So if you're under eighteen,

0:41:06.520 --> 0:41:08.520
<v Speaker 1>you might want to turn this off. This one goes

0:41:08.520 --> 0:41:14.040
<v Speaker 1>out to, uh, have you seen Nicki Minaj's ex boyfriend Safari?

0:41:14.760 --> 0:41:15.960
<v Speaker 2>No, I don't even know.

0:41:17.719 --> 0:41:21.440
<v Speaker 1>No. So for those of you who are you know

0:41:21.480 --> 0:41:22.920
<v Speaker 1>what I'm talking about. I know you're getting a good

0:41:22.920 --> 0:41:25.760
<v Speaker 1>get go. So Nicki Minaj was with a young gentleman

0:41:25.880 --> 0:41:27.759
<v Speaker 1>named Safari who she was with for a long time

0:41:28.920 --> 0:41:30.759
<v Speaker 1>and he helped her produce stuff or whatever. So they

0:41:30.760 --> 0:41:33.560
<v Speaker 1>broke up after being together for over ten years and

0:41:33.640 --> 0:41:36.440
<v Speaker 1>she moved on to date other people. So Safari has

0:41:36.480 --> 0:41:38.239
<v Speaker 1>been on like love and hip hop and all these

0:41:38.280 --> 0:41:40.719
<v Speaker 1>kind of like you know, reality shows and the Truth

0:41:40.760 --> 0:41:42.120
<v Speaker 1>of the matter is and all the shows. He kind

0:41:42.120 --> 0:41:44.080
<v Speaker 1>of comes off. It's like a nice guy, a little corny,

0:41:44.120 --> 0:41:50.839
<v Speaker 1>but you know, nice guy. Chum. Safari sent some pictures

0:41:50.960 --> 0:41:55.200
<v Speaker 1>to a lady friend and let's just say, I can

0:41:55.280 --> 0:42:00.279
<v Speaker 1>see why Nicki Minaj was with him for twelve years.

0:42:00.760 --> 0:42:03.279
<v Speaker 2>There's a dick pic. That's your win. A dick pic.

0:42:04.560 --> 0:42:07.480
<v Speaker 1>No, it's not anything. That's why I said, if you're

0:42:07.520 --> 0:42:09.239
<v Speaker 1>under eighteen, turn it off. Turn it off right now,

0:42:09.360 --> 0:42:10.040
<v Speaker 1>go to your homework.

0:42:11.320 --> 0:42:13.279
<v Speaker 2>No, I'm trying to stay on this train with you.

0:42:13.600 --> 0:42:14.040
<v Speaker 2>I'm here.

0:42:14.120 --> 0:42:16.680
<v Speaker 1>I'm here, you know, just because it is not when

0:42:16.719 --> 0:42:19.359
<v Speaker 1>you it's not the pick, it's the video. I just

0:42:19.400 --> 0:42:21.000
<v Speaker 1>need you. When you see it, you're gonna be like,

0:42:21.360 --> 0:42:24.200
<v Speaker 1>I understand now, it's not that's not my calling on

0:42:24.280 --> 0:42:26.839
<v Speaker 1>my life. I am satisfied at home. But for those

0:42:26.880 --> 0:42:30.840
<v Speaker 1>of you who might, you know, just just that's a

0:42:30.880 --> 0:42:34.360
<v Speaker 1>win for Safari. He is blessed, and I just you know,

0:42:34.480 --> 0:42:37.120
<v Speaker 1>it's that's you know, I know we usually don't go there,

0:42:37.120 --> 0:42:37.719
<v Speaker 1>but I thought, you.

0:42:37.680 --> 0:42:40.760
<v Speaker 2>Know what I appropriate, something's changed.

0:42:43.840 --> 0:42:45.879
<v Speaker 1>No, when you see this video, you're gonna understand why.

0:42:45.920 --> 0:42:47.960
<v Speaker 1>You know, who does a really great art like funny

0:42:48.000 --> 0:42:53.520
<v Speaker 1>you know, Lovey is really her. Her blog's hilarious, but

0:42:54.040 --> 0:42:57.719
<v Speaker 1>go to her blog and read it is her kind

0:42:57.760 --> 0:43:01.439
<v Speaker 1>of addressing this whole Safari thing is just you will

0:43:01.480 --> 0:43:03.520
<v Speaker 1>laugh out loud and so yep, that's my win. My

0:43:03.560 --> 0:43:07.600
<v Speaker 1>win is Safaria. You are blessed. Brother. Mm hm yeah.

0:43:09.960 --> 0:43:12.879
<v Speaker 2>Well, I'm gonna follow it up with Michelle Obama's book

0:43:13.000 --> 0:43:17.320
<v Speaker 2>is coming out. There's no segue that I could think of,

0:43:17.600 --> 0:43:20.680
<v Speaker 2>so I'm just gonna put it out there. There's no

0:43:20.840 --> 0:43:26.680
<v Speaker 2>natural connection. Yeah, our our our Queen Michelle Obama First

0:43:26.840 --> 0:43:31.160
<v Speaker 2>Our First Lady's book is due out next November. I

0:43:31.239 --> 0:43:34.640
<v Speaker 2>think it just just coincidentally coincides with election day in

0:43:34.719 --> 0:43:37.160
<v Speaker 2>the midterm election, so uh, you know, I think a

0:43:37.239 --> 0:43:39.839
<v Speaker 2>message might be being sent there, or it just could

0:43:39.880 --> 0:43:43.319
<v Speaker 2>be the comforting like comfort that we all need after

0:43:43.440 --> 0:43:46.520
<v Speaker 2>what happens next election. Who knows, but mark your calendars,

0:43:47.080 --> 0:43:48.840
<v Speaker 2>pre order it. I'm so excited.

0:43:50.440 --> 0:43:53.320
<v Speaker 1>Yes, and head to Twitter and type in f A

0:43:53.800 --> 0:43:59.160
<v Speaker 1>F R E e'n stop stock