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Speaker 1: Hey, hey, hey, I've been in the house all day.

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Speaker 1: But probably some of you welcome back, welcome black.

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Speaker 2: To brown ambition. That's a good day. I haven't left that.

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Speaker 3: I haven't actually left my house other than maybe to

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Speaker 3: go to the backyard since Friday, I realized, which is

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Speaker 3: not good for anybody, no one's mental health.

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Speaker 1: It's like, honestly, I honestly, I really in like the

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Speaker 1: what's been like six weeks now since we've been home.

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Speaker 1: I really have gone on out very very little. But

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Speaker 1: yesterday I had to go to the pharmacy to get

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Speaker 1: my my prenatal vitamins. And when I went, and then

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Speaker 1: because my sister also told me that pull ups are

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Speaker 1: like sold out everywhere, and I happened to see some,

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Speaker 1: I was like, oh, but it was so weird to

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Speaker 1: be there because it won they were only letting I mean,

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Speaker 1: Walgreens is a big pharmacy, and they were only letting

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Speaker 1: in less than ten people in at a time, and

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Speaker 1: you had to have a mask on, So it was weird,

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Speaker 1: like kind of like standing outside to wait six feet apart.

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Speaker 2: It just it was like this dystopian society, you know,

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Speaker 2: it's the new normal.

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Speaker 3: Yeah, it is actually husby went to CVS to get

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Speaker 3: something for me yesterday and he said the same thing

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Speaker 3: he had, Everyone had to wear masks. Shout out to

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Speaker 3: all the people out there making masks and sending them

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Speaker 3: and donating them. My aunt Ann in Wisconsin, Hey Anne,

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Speaker 3: who does not listen to the show or probably know

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Speaker 3: what a podcast is. She sent us two hands own masks.

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Speaker 3: And then my dad had a couple of and whatever

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Speaker 3: masks that he fedexed over here. My dad also offered

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Speaker 3: to FedEx me overnight kale. I was just complaining about whatever.

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Speaker 3: You know, I'm not trying to say this is a

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Speaker 3: real problem, but I couldn't find kale anywhere because all

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Speaker 3: the suburban people where I live were just eating up

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Speaker 3: all the kale. And he went to Walt and he

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Speaker 3: legitimately was going to overnight ship me kale.

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Speaker 2: This man has.

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Speaker 3: Overnight shipped me food before, like he will overnight ship

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Speaker 3: me thanks giving me leftovers. That's just what my dad does.

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Speaker 3: He's that kind of person.

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Speaker 2: Oh I love it.

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Speaker 3: I was like, no, Daddy, I don't need the kale

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Speaker 3: that bad, but love you. He sent me some masks too,

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Speaker 3: which was which was sweet. Yeah, I think like a

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Speaker 3: lot of people. We listened to the advice, which was

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Speaker 3: leave the masks for the healthcare workers and don't buy any.

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Speaker 3: And then now it's mandatory to in New York to

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Speaker 3: wear them when you can't stay six feet apart.

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Speaker 2: And we're like, oh no, we don't have any.

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Speaker 3: So glad that my aunt and my dad, well, my

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Speaker 3: aunt helped out.

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Speaker 1: It's just crazy out here in these streets. In these streets,

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Speaker 1: it's just I don't know's there's highs, there's lows, there's

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Speaker 1: low lows. You know, you hear about your friends online.

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Speaker 1: Some of my friends have already lost like four or

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Speaker 1: five people, and I'm just like, oh my gosh, it's

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Speaker 1: just a lot.

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Speaker 2: It's too much. And you just don't I don't see.

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Speaker 1: Like when it comes to financial things, even though when

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Speaker 1: it seems like it's overwhelming, kind of in the back

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Speaker 1: of your mind, you know that there's a solution or

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Speaker 1: there's a way out. But when it comes to health,

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Speaker 1: it's you feel so helpless, you know.

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Speaker 3: Yeah, I mean, in the one sense, I do know

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Speaker 3: that there are smart scientists out there and we have

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Speaker 3: we have the capability to find a vaccine. It's just

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Speaker 3: not going to be for a long time, and so

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Speaker 3: it's like it's it's trying to let go of the

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Speaker 3: sense of control we have over the vaccine, which we

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Speaker 3: have none. We can just trust that, you know, I

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Speaker 3: just trust in our scientists, and I hope that our

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Speaker 3: leadership get that out of their way and lets them

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Speaker 3: do their job, and you know, everyone continues to stay safe,

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Speaker 3: stay home in the meantime. Yeah, it definitely feels like

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Speaker 3: this is a new normal for a while, but we

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Speaker 3: need to sort of make peace with that. The other

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Speaker 3: side of it is, of course, we talk about a

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Speaker 3: lot is the financial side. And I heard a lot

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Speaker 3: of people got their stimulus checks this past week. If

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Speaker 3: you filed your taxes in the past and you got

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Speaker 3: your or tax refund deposited directly into your bank account,

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Speaker 3: you should have gotten your stimulus check or stimulus sorry,

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Speaker 3: economic impact payment, it's what they're calling it by now,

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Speaker 3: and hopefully it helps a little bit. I got a

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Speaker 3: note from one of our listeners who said that she

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Speaker 3: was going to use it for a card down payment.

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Speaker 2: You know, do what you gotta do, Okay, do what

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Speaker 2: you're going do. It's okay, it's no adjustment.

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Speaker 3: Maybe you need that car to go to work and

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Speaker 3: that's fine, but yeah, I mean hopefully that helps people.

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Speaker 3: I know a lot of folks I work with work

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Speaker 3: excited when they got their checks. I keep saying checks,

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Speaker 3: even though it was direct deposited.

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Speaker 2: It's a little something.

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Speaker 3: And we definitely went ahead and file their tax return

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Speaker 3: just so because we were getting a refund and I

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Speaker 3: was like, yeah, let's just get this done and dusted.

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Speaker 3: I hope that folks are finding some sort of relief

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Speaker 3: from that. I know it's not very much. Twelve hundred,

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Speaker 3: what's the max? Twenty four hundred? You guys are listening

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Speaker 3: to this show On Wednesday, I got an alert from

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Speaker 3: IRS dot gov yesterday that if you're someone who is

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Speaker 3: on Social Security benefits, you may not have gotten as

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Speaker 3: much as you should have if you have a dependent

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Speaker 3: at home, and they're giving everyone until the twenty second

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Speaker 3: of April, which is tomorrow, to go to IRS dot

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Speaker 3: gov and update their filing so that they can get

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Speaker 3: that extra five hundred dollars. So I'm gonna post a

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Speaker 3: link in the show notes, and if you're listening to

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Speaker 3: this and that's you, I don't know if anyone is,

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Speaker 3: I'm going to post a link to that IRS notice,

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Speaker 3: so that you guys can hopefully get all the coins

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Speaker 3: that you should be getting right now.

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Speaker 1: It's just so much to process. Sh Yeah, but that

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Speaker 1: was super helpful. It's just like, ah, there's so many

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Speaker 1: money questions. I mean, that's when I tell you the

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Speaker 1: level of I mean, what I love about our listeners

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Speaker 1: and Dreamcatchers is that they always have a ton of

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Speaker 1: financial questions. But the thing, like my inbox has been kaboom.

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Speaker 1: I'm like, uh, sis, I can't even keep up. Can

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Speaker 1: you keep up?

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Speaker 3: No?

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Speaker 1: I cannot, so and we try our best, Like even

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Speaker 1: in the Facebook group, like oh my god, what stimulus

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Speaker 1: came out? We actually had to start banning. You know,

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Speaker 1: we have a DreamCatcher Facebook group. It's like five hundred

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Speaker 1: thousand mostly women. We actually had to ban stimulus talk

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Speaker 1: for a while because every post was about stimulus, and

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Speaker 1: quite honestly, some of the questions were questions that there

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Speaker 1: was no answer for just yet, like well what if

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Speaker 1: you know, what if I I changed my bank account

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Speaker 1: some last time, and what if I moved from where

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Speaker 1: the check is It's like, well, there was no there

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Speaker 1: was no answer to those things at the time, so

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Speaker 1: it just became just overwhelming and then I get it

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Speaker 1: because people are like, what am I supposed to do?

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Speaker 2: There's very little direction from the quote unquote.

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Speaker 3: Top there's at least IRS dot gov, and they are

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Speaker 3: trying to keep up with the questions. So I'm going

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Speaker 3: to again post a link to the FAQ from the

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Speaker 3: IRS dot gov because it has answers to those kinds

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Speaker 3: of questions. And you know, we got I got an

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Speaker 3: Instagram message from someone who sent me a link to

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Speaker 3: IRS dot gov to their page about the Economic and

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Speaker 3: Impact payments, and they asked, is this legitimate? And I'm like, yes,

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Speaker 3: IRS talk of is in fact legitimate? If it's not, like,

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Speaker 3: if we can't trust the IRS, what's what's going on? Yeah,

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Speaker 3: So one of the you know we talked, obviously, millions

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Speaker 3: and millions of people are filing for unemployment benefits right

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Speaker 3: now trying to figure out what they're trying, you know,

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Speaker 3: how they can bring an income if they've lost their jobs.

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Speaker 3: Another what I was I kind of joked about this,

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Speaker 3: but I had been seeing remember Susie Orman, she really

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Speaker 3: had a huge wave that she rode like a lot

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Speaker 3: of personal finance experts did after the two thousand and

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Speaker 3: eight financial crisis and really people flock to her for advice,

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Speaker 3: and then I don't know, I feel like I didn't hear

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Speaker 3: from her in a long time. Well, Susie is back

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Speaker 3: with a vengeance, and I started to see people sharing

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Speaker 3: some advice that she was giving a couple of weeks ago.

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Speaker 3: And one of the things that stuck out to me

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Speaker 3: was Susie was like, you guys need to run up

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Speaker 3: your credit cards now, don't yes run up your credit cards?

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Speaker 3: Essentially because she said, if you have to choose between

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Speaker 3: putting food on the table or paying your mortgage versus,

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Speaker 3: you know, putting a bill on a credit card, uh,

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Speaker 3: put that, put whatever on your credit cards, that you

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Speaker 3: keep your liquid cash available for the essentials for food

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Speaker 3: and such like that. And the reason she was saying

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Speaker 3: it and I get it now, is because when these

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Speaker 3: types of financial situations happen, when we have a downturn

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Speaker 3: like we're having now. We saw this back in the

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Speaker 3: O Wait crisis too, banks will literally start to hedge

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Speaker 3: their own risks. They will say, oh, crap, in the

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Speaker 3: past ten years, we've been giving people a lot of credit,

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Speaker 3: and we're afraid that a lot of folks who're either

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Speaker 3: losing their jobs or they're listening to people like Susie

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Speaker 3: Orman and are going to start racking up their credit

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Speaker 3: cards because you know, they fear that they won't have

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Speaker 3: access to that credit or that they you know, need

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Speaker 3: that extra capital because they've lost their job or whatnot.

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Speaker 3: Banks are literally in some cases, we've heard from our

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Speaker 3: audience that banks are starting to reduce credit limits and

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Speaker 3: people I could see that, Yeah, they're they're just finding out, oh,

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Speaker 3: my credit limit's been slashed. One person reached out to

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Speaker 3: one of the credit experts on your team and said

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Speaker 3: that they had been slashed from seventeen thousand dollars limit

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Speaker 3: to a five hundred dollars limit. What. Yes, absolutely, and

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Speaker 3: it's totally fine for banks to do this. And it's,

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Speaker 3: like I said, they know that they have a lot

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Speaker 3: of risk right now because like Susie Orman is recommending

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Speaker 3: this thing. I mean, it sounds like bad. It sounds bad.

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Speaker 3: It's everything that we usually say don't do, don't run

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Speaker 3: with your credit cards. But Susie's point is that, well,

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Speaker 3: you know, your mortgage is tied to your house. If

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Speaker 3: you've default on your mortgage, you could lose your house,

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Speaker 3: whereas a credit card is unsecured, right, Yeah, you can

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Speaker 3: file bankruptcy to well it's not obviously the best solution,

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Speaker 3: but there's you it's unsecured. You're not going to lose

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Speaker 3: your car which you need for work, or your house,

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Speaker 3: but you need for you know, for your family. The

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Speaker 3: same way with a credit card. And of course banks

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Speaker 3: know that they're riskier, that's why they have higher aprs yep.

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Speaker 1: And so I think I was just reading someplace that

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Speaker 1: I don't know if it was a CNBC that like,

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Speaker 1: credit card debts are passed one trillion dollars for the

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Speaker 1: first time last year. So can you imagine if thirty

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Speaker 1: percent of people are not making credit card payments and

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Speaker 1: what that could do to the credit card industry that

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Speaker 1: is at the next bubble to burst. I feel like, oh,

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Speaker 1: just seeing like what happened with oil today, No, it

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Speaker 1: was it today, It was that yesterday of how oil

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Speaker 1: prices fail to negative for the first time ever, ever,

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Speaker 1: ever in history, And so I just feel like sometimes

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Speaker 1: there's like dominoes. Sometimes it's like one thing falls, and

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Speaker 1: then sometimes it's like all the things are falling, like

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Speaker 1: a historic crash going on, like in the oil market.

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Speaker 2: Like, so what are like what next.

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Speaker 1: It's like, even if we are better and healthier, the

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Speaker 1: financial landscape is just in shambles. And what does that

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Speaker 1: mean for us? You know, I have to believe.

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Speaker 3: I have to lift you up, Tiffany. I today I'm

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Speaker 3: the optimist.

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Speaker 2: And usually that to me.

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Speaker 3: And I'm like, you sound you sound really dead down

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Speaker 3: right now. But we are a recession, like we survive

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Speaker 3: the O eight crisis in a lot of ways, that

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Speaker 3: was worse, I think financially. You know, we didn't have

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Speaker 3: the stimulus bill back then, it was a bank bailout. Now,

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Speaker 3: sure the stimulus checks aren't much, but there's something. And

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Speaker 3: if and Congress is about to pass another huge multi

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Speaker 3: billion dollar, if not trillion dollar bill to increase funding

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Speaker 3: for small businesses, I feel like we are we will

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Speaker 3: bounce back. But you're right, the same way the financial

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Speaker 3: landscape was forever changed by the O eight crisis. It

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Speaker 3: will be changed, I hopefully, uh for the better. But yeah,

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Speaker 3: I mean, stay with us, Tiffany, stay stay, stay optimistic.

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Speaker 1: You know it's so crazy because it's like I'm okay,

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Speaker 1: I guess that's what it what it is. It's like, ah, man,

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Speaker 1: it's just just the flood to see how many dream

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Speaker 1: catchers reach out who are afraid and scared, like because

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Speaker 1: of what happened in eighth nine, I have been fortifying

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Speaker 1: myself for like the last ten years against this. So

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Speaker 1: I feel fairly certain that I'm you know, I'm okay.

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Speaker 1: I've got more than a year's worth of emergency saving.

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Speaker 2: Saved, you know. I I'm okay.

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Speaker 1: I have a strong business that actually does better in recessions.

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Speaker 1: But it's just I don't know, I just you know,

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Speaker 1: sometimes I think to myself, like, Yo, what would preschool

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Speaker 1: teacher at that time Tiffany do right now? Or Tiffany

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Speaker 1: who had just lost her job? What would I have done?

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Speaker 2: And so I guess it's just I think about those

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Speaker 2: people and I'm just like, ah, what are they gonna do?

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Speaker 2: What are they gonna do?

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Speaker 1: One thing I know for sure is that good times

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Speaker 1: and bad times nothing lasts forever. So I know we're

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Speaker 1: not always going to be in this position, and human

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Speaker 1: beings are very resilient, So I know that there's an

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Speaker 1: other side to this. It's just like it could just

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Speaker 1: be really like overwhelming. Especially I think I am what

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Speaker 1: is that word? When I'm an EmPATH? When you know

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Speaker 1: someone who's like an emotional sponge. So sometimes I think

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Speaker 1: I'm just maybe soaking up too much worry out there,

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Speaker 1: and some I just need a break from it.

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Speaker 3: You know, No, I mean the anxiety and the financial

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Speaker 3: turmoil is real, like people who were on part of

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Speaker 3: the gig economy or had incomes that were you know,

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Speaker 3: living paid check to paycheck. It definitely is and I

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Speaker 3: want to I don't want to minimize those challenges at all,

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Speaker 3: because they really are out there. And again, I will

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Speaker 3: post resources so people can find ways to file for

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Speaker 3: unemployment benefits.

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Speaker 2: I'll post something for you guys.

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Speaker 3: Who need to rely on like your local food bank,

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Speaker 3: and for those of us who are in a more

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Speaker 3: privileged place. And I'm like you, Tiffany, my wounds from

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Speaker 3: the Great Recession really helped me, like you said, four

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Speaker 3: to fy my financial foundation the past ten years and

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Speaker 3: be really you know, a stickler about savings. And I'm

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Speaker 3: glad that it did. And because I'm in this position now,

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Speaker 3: I think the way that we can cope with some

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Speaker 3: of our anxiety is to and feel like, how can

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Speaker 3: we help people is we can donate, we can give back.

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Speaker 3: One of the things I did is I sent fifty dollars,

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Speaker 3: which isn't a lot, but I sent it to the

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Speaker 3: woman who was giving me postnatal massages and really just

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Speaker 3: brought my body back. My body was wrecked after I

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Speaker 3: gave and I loved her Kim May, and I was

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Speaker 3: doing that once a month for my own mental health,

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Speaker 3: and I was so sad I wasn't able to and

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Speaker 3: she told me all about how you know, she's around

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Speaker 3: my age, and she had really started to really become

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Speaker 3: passionate about post natal care and prenatal care for women. Anyway,

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Speaker 3: I send her a tip on Venmo, and Venmo is

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Speaker 3: choosing some people who were doing that to match their

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Speaker 3: tip for people. And I donated to the prenatal yoga

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Speaker 3: studio that I was going to as well, which is

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Speaker 3: owned by a woman of color in my area in

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Speaker 3: the suburbs, which is very uncommon. And I love D

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Speaker 3: and everyone loves D and her. She's created this beautiful

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Speaker 3: business for women, by women, for women who were really underserved,

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Speaker 3: you know, going through not just prenatal pregnancy complications, but

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Speaker 3: like postnatal life. And so I donated to her GoFundMe

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Speaker 3: and you know, it's small things like that, but maybe

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Speaker 3: there's a way that you could find, you know, to

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Speaker 3: support someone in a small way, and except that we

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Speaker 3: can't fix everybody.

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Speaker 2: Yeah, I feel like one of the best ways.

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Speaker 1: Like I've always donated about ten percent of my income,

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Speaker 1: but this time I've just been donating more time. I

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Speaker 1: don't think I've ever taught more financial education than I

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Speaker 1: have now. So, like, I go live at least a

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Speaker 1: few times a week just to teach free classes.

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Speaker 2: Like y'all know, I have my online.

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Speaker 1: School, but I'm like, uh, that's cute, but people need access,

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Speaker 1: like free, tangible, real access.

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Speaker 2: So we did two free financial series.

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Speaker 1: It was like four classes for the first set, four

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Speaker 1: classes for the second set of other financial experts who

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Speaker 1: were amazing and other experts as well, So we're actually gonna.

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Speaker 2: Be I'm gonna be. I put them all together.

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Speaker 1: And because people were having trouble finding them because we

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Speaker 1: did them on Facebook Live, so I said, I asked

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Speaker 1: my team put them all together, put them on one site,

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Speaker 1: so that way we could tell people go to budgetista

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Speaker 1: blah blah dot com, and that way you can have

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Speaker 1: access and watch these videos while you're home. So that's

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Speaker 1: gonna be rolling out soon. It's totally free. I feel

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Speaker 1: like the thing that always makes me feel better when

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Speaker 1: I'm feeling overwhelmed is to be of service. And the

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Speaker 1: way that I like to be of service is through teaching,

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Speaker 1: because I'm like, if I can know something, I can

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Speaker 1: share something, and I know that if I can show

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Speaker 1: you a different way or something new or something helpful,

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Speaker 1: that you'll show somebody else and then there's a ripple

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Speaker 1: effect there.

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Speaker 2: Yeah.

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Speaker 3: Absolutely, And if finances aren't your strong suit, maybe just

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Speaker 3: offering to buy groceries for your neighbor next door, or

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Speaker 3: dropping off a gift card to a neighbor you know

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Speaker 3: who's lost their job. I know our neighbors they worked

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Speaker 3: in the restaurant industry and they're proud, so we just

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Speaker 3: dropped them off a gift card. And you know, and

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Speaker 3: on Easter, I just bought a couple of little plants,

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Speaker 3: like some Kali lilies and gave them to our immediate neighbors.

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Speaker 3: And just little acts of kindness. It just makes me

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Speaker 3: feel like, Okay, I've done a little something. If you

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Speaker 3: can sew, which I can't, sorry to my grandmother who

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Speaker 3: spent lots of time teaching me, and I forgot how.

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Speaker 3: But if you can sew masks. You can sew them

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Speaker 3: and donate them. There's things that you guys can do.

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Speaker 3: I did want to just to go back really quick

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Speaker 3: to the credit limit decrease question, the immediate impact. So

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Speaker 3: I just wanted to think about the questions people might have,

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Speaker 3: is well, who is most likely to get their credit

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Speaker 3: card limit decreased? Actually, if you don't use your card

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Speaker 3: quite often, if you have an older card that you

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Speaker 3: haven't used in a while. Our credit expert at lending

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Speaker 3: Tree says, those are the cards that issuers are probably

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Speaker 3: going to slash first. Which may not seem like a

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Speaker 3: big deal, but we talk a lot about credit utilization

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Speaker 3: and what a huge component of your credit score that is.

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Speaker 3: In fact, it's right up there with making on time payments.

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Speaker 3: And what happens when your credit limit decreases is that

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Speaker 3: your utilization rate, which is how much credit you use

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Speaker 3: versus how much credit you have access to, can increase.

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Speaker 3: So let's say you've got ten thousand dollars of available

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Speaker 3: credit across three cards, and your credit issuer takes one

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Speaker 3: of the cards and decreases it, and now all of

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Speaker 3: a sudden, you only have five thousand dollars worth of

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Speaker 3: available credit and you carry twenty five hundred dollars across

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Speaker 3: those two cards. Now your utilization rate is fifty percent,

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Speaker 3: whereas before it might have been like twenty five percent,

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Speaker 3: and that can really hurt your credit. So if this

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Speaker 3: happens to you, you can try calling your issuer and

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Speaker 3: asking them to reconsider. You can ask another issuer for

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Speaker 3: the credit credit cards that you still have open if

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Speaker 3: they can bump your cards up. Now that's going to

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Speaker 3: be a small hit to your credit and because it'll

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Speaker 3: be a hard inquiry, but it's something. Or you can

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Speaker 3: try to get another card to try and increase your

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Speaker 3: available credit. That's really all that there is that you

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Speaker 3: can do. So it's unfortunate that it's happening, But definitely

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Speaker 3: if you guys, if you guys are experiencing this, we'd

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Speaker 3: love to hear from you. Send us an email at

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Speaker 3: Brandabission podcast at gmail dot com, or you can shoot

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Speaker 3: me a note in Instagram, because I'm curious if people

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Speaker 3: are being notified and how they're being notified, because there's

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Speaker 3: not really any there's nothing that makes banks need to

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Speaker 3: give you a heads up. They can just kind of

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Speaker 3: do it.

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Speaker 1: Yeah, that's the worst I remember during the last recession

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Speaker 1: when I was late on my people don't realize if

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Speaker 1: you can. If you're late on one thing financially, it

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Speaker 1: can affect all of your things. I was laid on

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Speaker 1: my mortgage and then Bank of America, the card I

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Speaker 1: had at the time, my credit limit, they slashed it

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Speaker 1: in half. And basically when I asked them, they were like,

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Speaker 1: you were laid on your mortgage and I was like, yeah,

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Speaker 1: but my mortgage is with Chase.

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Speaker 2: You guys are Banking of America.

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Speaker 1: And they're like potato Potata, So know that too. That

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Speaker 1: it's you know, you could be late with one financial

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Speaker 1: institution and it can affect your relationship with another.

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Speaker 3: Yeah, one hundred percent. And this isn't just going to

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Speaker 3: be credit cards. I mean, I'd be interested if people,

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Speaker 3: if you're out there trying to get a mortgage, your

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Speaker 3: first time home buyer. Banks are going to be tightening

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Speaker 3: their credit requirements in a lot of different areas and

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Speaker 3: it could make it more difficult to get things like

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Speaker 3: a mortgage or an auto loan. Credit card, and they

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Speaker 3: just maybe making it a little bit more difficult in

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Speaker 3: terms of what they require, income limits, credit limits, things

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Speaker 3: like that. So if y'all are experiencing any of that,

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Speaker 3: definitely reach out to us, interested to hear, and maybe

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Speaker 3: we should take a quick break. And speaking of people

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Speaker 3: reaching out to us, answer some questions, questions, let me

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Speaker 3: get back, so be right back, y'all.

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Speaker 2: We're back. It's time for a question.

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Speaker 1: Sorry too, sorry to our editor, and I was just like,

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Speaker 1: you know what, what questions?

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Speaker 2: We apologize to the people.

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Speaker 3: Let's take a question that's maybe not so COVID related.

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Speaker 3: This one comes from Instagram wants to remain anonymous. She says,

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Speaker 3: I'd love some advice about my husband. He's about to

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Speaker 3: start a nursing program that will cost about thirty thousand

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Speaker 3: dollars for tuition and books. We have about sixteen thousand

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Speaker 3: dollars in savings and plan to use ten thousand dollars

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Speaker 3: of that to pay for his first semester. After that,

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Speaker 3: we're going to take out a loan. He'll be in

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Speaker 3: school full time, so I'll be the only one working.

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Speaker 3: My question is, how do you recommend we allocate our money.

433
00:21:31,760 --> 00:21:33,960
Speaker 3: Should we just focus all our efforts on saving to

434
00:21:33,960 --> 00:21:36,160
Speaker 3: pay off the loan? Is there any way we can

435
00:21:36,160 --> 00:21:38,359
Speaker 3: invest a portion of it to start building our wealth,

436
00:21:38,440 --> 00:21:41,280
Speaker 3: and if so, would that be a smart decision? So

437
00:21:41,880 --> 00:21:44,239
Speaker 3: she is going to be supporting them financially while he

438
00:21:44,320 --> 00:21:48,720
Speaker 3: goes to nursing school, and they've got sixteen thousand in savings.

439
00:21:48,760 --> 00:21:51,800
Speaker 3: They're going to take ten thousand of that to get

440
00:21:51,840 --> 00:21:55,280
Speaker 3: ahead and pay for his first semester, leaving them with

441
00:21:55,400 --> 00:21:58,600
Speaker 3: six thousand dollars in saving. And she wants to know

442
00:21:59,040 --> 00:22:03,000
Speaker 3: should she folks on saving from her income so that

443
00:22:03,000 --> 00:22:04,760
Speaker 3: they can pay up the loan later or is there

444
00:22:04,840 --> 00:22:07,280
Speaker 3: any way that they can invest it to start building

445
00:22:07,280 --> 00:22:10,600
Speaker 3: wealth so that they can tackle it later after he graduates.

446
00:22:13,119 --> 00:22:15,320
Speaker 2: Well, so just super clear.

447
00:22:15,400 --> 00:22:17,119
Speaker 1: So they're going to get they have some money saved,

448
00:22:17,400 --> 00:22:19,160
Speaker 1: but they're going to be getting this loan, but they

449
00:22:19,160 --> 00:22:23,000
Speaker 1: are going to get more than what school costs.

450
00:22:23,040 --> 00:22:25,159
Speaker 3: She basically they're going to get a loan, but the

451
00:22:25,160 --> 00:22:27,560
Speaker 3: first semester they want to take ten thousand dollars out

452
00:22:27,600 --> 00:22:29,280
Speaker 3: of their savings to pay for it so they don't

453
00:22:29,280 --> 00:22:32,800
Speaker 3: have to take a loan. Okay, Yeah, So for me,

454
00:22:32,920 --> 00:22:35,240
Speaker 3: what's sticking out is they have sixteen thousand dollars in

455
00:22:35,280 --> 00:22:37,320
Speaker 3: savings and they're going to take more than.

456
00:22:37,200 --> 00:22:40,640
Speaker 2: Half of it to put towards school. To put towards.

457
00:22:40,359 --> 00:22:42,920
Speaker 3: School right now. I don't know how you would feel

458
00:22:42,920 --> 00:22:45,959
Speaker 3: about that, but my sense is if he has access

459
00:22:46,000 --> 00:22:47,960
Speaker 3: to federal student loans, which can typically come at a

460
00:22:47,960 --> 00:22:50,840
Speaker 3: pretty low interest rate, and you can get income based

461
00:22:50,880 --> 00:22:55,199
Speaker 3: repayment later, I honestly would say, don't dip into your

462
00:22:55,200 --> 00:22:59,000
Speaker 3: savings that much, especially now, especially now with one income,

463
00:22:59,160 --> 00:23:01,240
Speaker 3: Like what happens if you lose your job. I don't

464
00:23:01,280 --> 00:23:02,960
Speaker 3: know if you guys live together. I'm going to assume

465
00:23:03,000 --> 00:23:07,600
Speaker 3: so because your husband, do you live together? I forgot, Yeah,

466
00:23:07,640 --> 00:23:11,600
Speaker 3: I would really rethink depleting your savings to that extent.

467
00:23:11,800 --> 00:23:14,680
Speaker 3: You want to have some money in the bank, and

468
00:23:14,680 --> 00:23:17,520
Speaker 3: in thirty thousand dollars, let's say he needs that much

469
00:23:17,840 --> 00:23:19,679
Speaker 3: out of a student loan. That's about average for what

470
00:23:19,720 --> 00:23:23,560
Speaker 3: folks take out for student loans, and you can, definitely,

471
00:23:23,960 --> 00:23:26,960
Speaker 3: if it's a federal loan, have access to some flexible

472
00:23:27,040 --> 00:23:31,360
Speaker 3: repayment options in the future, which will be definitely helpful

473
00:23:31,400 --> 00:23:33,639
Speaker 3: for you. And I wouldn't want to see you guys,

474
00:23:34,200 --> 00:23:36,800
Speaker 3: you know, deplete your savings and then end up needing

475
00:23:36,840 --> 00:23:38,720
Speaker 3: to breck up credit card debt when you don't have

476
00:23:38,760 --> 00:23:40,800
Speaker 3: the same forgivable options.

477
00:23:41,440 --> 00:23:43,720
Speaker 1: I was gonna say, too, you plus two, especially during

478
00:23:43,800 --> 00:23:47,159
Speaker 1: times like now entering into what's looking like will be

479
00:23:47,160 --> 00:23:50,000
Speaker 1: a recession, you want to have, you know, like about

480
00:23:50,040 --> 00:23:54,200
Speaker 1: six months of essential expenses saved, because what you don't

481
00:23:54,240 --> 00:23:56,760
Speaker 1: want to do, like to Mandy's point, is to have

482
00:23:56,760 --> 00:23:59,600
Speaker 1: to rely on credit cards should something happen, especially since

483
00:23:59,640 --> 00:24:03,199
Speaker 1: you're moving to a one income household. Depleting savings is

484
00:24:03,480 --> 00:24:07,080
Speaker 1: hardly ever a really good idea, but it's even worse

485
00:24:07,400 --> 00:24:11,879
Speaker 1: when an economic downturn is predicted because then you just

486
00:24:11,920 --> 00:24:13,680
Speaker 1: don't know where you're going to stand from now, and

487
00:24:14,160 --> 00:24:17,080
Speaker 1: your savings is kind of like you get to hedge

488
00:24:17,080 --> 00:24:19,240
Speaker 1: against the bed, Like, Okay, if we were to lose

489
00:24:19,720 --> 00:24:22,360
Speaker 1: my income we have I don't know, let's just say

490
00:24:22,359 --> 00:24:24,159
Speaker 1: your life costs you four thousand dollars a month. We

491
00:24:24,240 --> 00:24:27,520
Speaker 1: have two months worth of expenses, so we can figure

492
00:24:27,520 --> 00:24:29,200
Speaker 1: out what to do in those two months. So yeah,

493
00:24:29,240 --> 00:24:31,840
Speaker 1: I wouldn't want you to spend that all, especially if

494
00:24:31,880 --> 00:24:33,680
Speaker 1: you can't get federal student loans. And even if you

495
00:24:33,680 --> 00:24:37,320
Speaker 1: can't get federal student loans, depleting your savings during the

496
00:24:37,320 --> 00:24:40,480
Speaker 1: beginning of a potential recession is a note for me.

497
00:24:40,600 --> 00:24:44,040
Speaker 3: Dog Yeah, and I mean the career that he's chosen nursing.

498
00:24:44,160 --> 00:24:46,600
Speaker 3: That's also one of the professions where he could potentially

499
00:24:46,920 --> 00:24:49,440
Speaker 3: if you live in a state where they have certain programs,

500
00:24:49,480 --> 00:24:52,719
Speaker 3: he could potentially qualify for loan forgiveness if he works

501
00:24:52,720 --> 00:24:56,720
Speaker 3: in a low income area or an underserved area. And

502
00:24:57,040 --> 00:25:00,240
Speaker 3: as far as job security goes, I mean the healthcare professionals,

503
00:25:00,080 --> 00:25:04,040
Speaker 3: that's a smart I would say it's use of tuition, Yes,

504
00:25:04,160 --> 00:25:07,280
Speaker 3: especially nurses smart use of tuition dollars. I don't see

505
00:25:07,280 --> 00:25:09,520
Speaker 3: why he wouldn't be able to qualify for federal student loans.

506
00:25:09,520 --> 00:25:11,960
Speaker 3: I would definitely say do that first, Do not deplete

507
00:25:12,000 --> 00:25:15,399
Speaker 3: your savings. As far as the question tif of whether

508
00:25:15,440 --> 00:25:20,119
Speaker 3: she should invest for the potential to grow some of

509
00:25:20,160 --> 00:25:21,960
Speaker 3: their savings so they can pay the loans off later,

510
00:25:22,000 --> 00:25:25,240
Speaker 3: I would also say, no, that's probably I mean, how

511
00:25:25,240 --> 00:25:26,200
Speaker 3: long is nursing school?

512
00:25:26,240 --> 00:25:26,879
Speaker 2: A few years?

513
00:25:27,840 --> 00:25:29,880
Speaker 3: That to me is not a long enough time horizon

514
00:25:29,960 --> 00:25:33,200
Speaker 3: for you to want to risk your savings in the market,

515
00:25:33,320 --> 00:25:37,120
Speaker 3: especially with all the uncertainty we're dealing with right now

516
00:25:37,640 --> 00:25:39,800
Speaker 3: with where we're at. Yeah, I don't know if if

517
00:25:39,920 --> 00:25:40,840
Speaker 3: you have a different opinion.

518
00:25:41,160 --> 00:25:44,360
Speaker 1: No, no, no, I agree. I feel like we said

519
00:25:44,400 --> 00:25:47,080
Speaker 1: this before during an early episode. Now is really the

520
00:25:47,119 --> 00:25:49,480
Speaker 1: time to hunker down if there's nothing else you could

521
00:25:49,480 --> 00:25:53,080
Speaker 1: think of, hunker down, hunker down, hunker down meaning that

522
00:25:53,920 --> 00:25:59,000
Speaker 1: preserve your cash, live frugally, don't freeze your life. I'm

523
00:25:59,040 --> 00:26:01,119
Speaker 1: glad he's going to school. Well, I think that's great,

524
00:26:01,600 --> 00:26:04,600
Speaker 1: but you're not here to freeze your life. But you're

525
00:26:04,640 --> 00:26:08,280
Speaker 1: definitely here to try to create as much security as

526
00:26:08,320 --> 00:26:09,880
Speaker 1: you can financially for yourself.

527
00:26:10,000 --> 00:26:11,640
Speaker 2: So we can see our way through this time.

528
00:26:13,000 --> 00:26:16,240
Speaker 3: And thank you for your question. Yeah, hopefully that was helpful.

529
00:26:16,280 --> 00:26:19,000
Speaker 3: And this question came recently, so hopefully we got you

530
00:26:19,040 --> 00:26:19,800
Speaker 3: in time.

531
00:26:20,040 --> 00:26:22,520
Speaker 2: Yes, don't don't, don't do it.

532
00:26:23,119 --> 00:26:26,400
Speaker 3: Okay, let's take another question from the gram. This one

533
00:26:26,480 --> 00:26:29,000
Speaker 3: is interesting. It's about online savings, which you guys know

534
00:26:29,080 --> 00:26:31,480
Speaker 3: we talk about are some of our favorite online savings

535
00:26:31,520 --> 00:26:34,119
Speaker 3: accounts because they typically have higher rates. Not typically they

536
00:26:34,119 --> 00:26:37,520
Speaker 3: almost always have higher rates than traditional banks do. But

537
00:26:38,080 --> 00:26:40,840
Speaker 3: like a lot with the with the FED slashing interest rates,

538
00:26:41,200 --> 00:26:44,800
Speaker 3: savings accounts, you may have noticed even the online ones

539
00:26:44,840 --> 00:26:47,880
Speaker 3: you have pretty high rates have been decreasing. So this

540
00:26:47,960 --> 00:26:51,960
Speaker 3: question is from we see does she want to be anonymous?

541
00:26:52,119 --> 00:26:54,720
Speaker 3: Doesn't say, but I also don't know her name, so

542
00:26:54,800 --> 00:26:57,879
Speaker 3: we'll just say her name is Patricia. Patricia says, I

543
00:26:58,080 --> 00:27:00,919
Speaker 3: want to use a bank for on line savings. I

544
00:27:00,960 --> 00:27:05,280
Speaker 3: see that of April tenth, American Express their savings right

545
00:27:05,359 --> 00:27:08,560
Speaker 3: went down to one point six percent, while Ally has

546
00:27:08,600 --> 00:27:10,919
Speaker 3: gone down to one point five percent, and Marcus by

547
00:27:10,920 --> 00:27:13,359
Speaker 3: Goldman Secks is at one point five to five percent.

548
00:27:13,840 --> 00:27:16,520
Speaker 3: Any cons you could think of for opening an online

549
00:27:16,520 --> 00:27:19,720
Speaker 3: savings account right now? As rates are going down.

550
00:27:20,040 --> 00:27:21,560
Speaker 2: I'm going down.

551
00:27:22,240 --> 00:27:25,920
Speaker 1: So here is what could potentially happen for the first

552
00:27:25,960 --> 00:27:28,760
Speaker 1: time in history. Although we pray not that we could

553
00:27:28,760 --> 00:27:33,719
Speaker 1: actually reach a point of negative interest where you actually

554
00:27:33,720 --> 00:27:36,720
Speaker 1: have to pay a bank to hold your money the

555
00:27:36,800 --> 00:27:38,240
Speaker 1: way you do with the checking account.

556
00:27:38,440 --> 00:27:39,560
Speaker 2: We hope that doesn't happen.

557
00:27:39,720 --> 00:27:42,200
Speaker 1: That would be the only time that I think opening

558
00:27:42,280 --> 00:27:44,320
Speaker 1: up an online savings account would not be a great

559
00:27:44,359 --> 00:27:46,040
Speaker 1: idea until now.

560
00:27:46,119 --> 00:27:46,960
Speaker 2: I mean, here's the thing.

561
00:27:47,000 --> 00:27:50,120
Speaker 1: Although online savings accounts are not giving great interest right now,

562
00:27:50,160 --> 00:27:52,399
Speaker 1: it's still better than a brick and mortar savings.

563
00:27:52,480 --> 00:27:55,040
Speaker 3: It's still a lot better, a lot a lot better.

564
00:27:55,160 --> 00:27:57,080
Speaker 1: Because they're giving you a piece of piece of a

565
00:27:57,119 --> 00:27:59,240
Speaker 1: piece of a piece of a piece of piece of penny,

566
00:27:59,320 --> 00:28:01,720
Speaker 1: and at least like ALLY is giving you a penny

567
00:28:01,720 --> 00:28:05,520
Speaker 1: in a half. So right now, there's no cons for me.

568
00:28:05,600 --> 00:28:08,720
Speaker 1: The two biggest pros are one, you're still going to

569
00:28:08,760 --> 00:28:10,600
Speaker 1: earn more money than if you kept your money with

570
00:28:10,600 --> 00:28:12,840
Speaker 1: like a Wells Fargo or TD TD Bank or Bank

571
00:28:12,880 --> 00:28:15,440
Speaker 1: of America. And the second pro is that it makes

572
00:28:15,480 --> 00:28:18,440
Speaker 1: your money inconvenient. I don't believe in having a checking

573
00:28:18,440 --> 00:28:20,639
Speaker 1: account at an online state, at an online only bank.

574
00:28:20,840 --> 00:28:23,720
Speaker 1: I keep my checking at my big bank for ease

575
00:28:23,760 --> 00:28:25,920
Speaker 1: of use, you know, because they're the big banks are everywhere.

576
00:28:25,960 --> 00:28:28,200
Speaker 2: And then I keep my savings at my online only.

577
00:28:28,040 --> 00:28:31,399
Speaker 1: Bank, and if I want to transfer savings to checking,

578
00:28:31,720 --> 00:28:34,600
Speaker 1: there's about a twenty four hours sometimes up to seventy

579
00:28:34,600 --> 00:28:38,440
Speaker 1: two hour rate, which forces me to not be impulsive

580
00:28:38,480 --> 00:28:41,120
Speaker 1: when it comes to spending my savings. It forces me

581
00:28:41,200 --> 00:28:45,080
Speaker 1: to plan and prioritize my savings spending. So I like

582
00:28:45,200 --> 00:28:48,120
Speaker 1: the inconvenience of an online only savings account, and you

583
00:28:48,160 --> 00:28:51,200
Speaker 1: still earn more interest. So right now it's pro pro.

584
00:28:51,360 --> 00:28:54,640
Speaker 1: But keep an eye on what's happening now. Twenty twenty

585
00:28:54,680 --> 00:28:58,080
Speaker 1: has been a year of history, like us, like making

586
00:28:58,200 --> 00:29:01,719
Speaker 1: history financially about different things that have never been done before.

587
00:29:02,200 --> 00:29:05,400
Speaker 1: So yeah, negative interest rates are a possibility, you know,

588
00:29:05,440 --> 00:29:09,960
Speaker 1: their possibility of being charged a fee for your savings accounts.

589
00:29:09,960 --> 00:29:11,240
Speaker 1: So just keep an eye out for that. That would

590
00:29:11,240 --> 00:29:13,760
Speaker 1: be the only time that I'd be like Nasis, I'm good.

591
00:29:13,680 --> 00:29:15,400
Speaker 3: I know, but a lot of people are already paying

592
00:29:15,440 --> 00:29:18,080
Speaker 3: those fees, you know, paying banks to hold their money,

593
00:29:18,080 --> 00:29:20,520
Speaker 3: and I would just say, it hasn't happened yet. And

594
00:29:20,760 --> 00:29:23,680
Speaker 3: the hugest pro for whether it's an online bank or

595
00:29:23,760 --> 00:29:26,120
Speaker 3: traditional bank. And I'm speaking to my dad in particular,

596
00:29:26,160 --> 00:29:29,080
Speaker 3: who continues to save money rolled up in socks throughout

597
00:29:29,080 --> 00:29:31,200
Speaker 3: his house and in his mattress and all the places

598
00:29:31,320 --> 00:29:34,680
Speaker 3: it's not protected. At least you still have FDIC insurance

599
00:29:34,720 --> 00:29:37,480
Speaker 3: for your funding. And in fact, with the Cares Act,

600
00:29:37,480 --> 00:29:40,920
Speaker 3: that stimulus package that Congress passed, they have unlimited FDIC

601
00:29:41,040 --> 00:29:43,160
Speaker 3: coverage now. So I mean, I don't know, I don't

602
00:29:43,160 --> 00:29:45,240
Speaker 3: have two hundred and fifty grand lying in cash somewhere.

603
00:29:45,280 --> 00:29:46,680
Speaker 2: I wish I did. That would be nice.

604
00:29:46,800 --> 00:29:50,120
Speaker 3: But but your money is protected in a bank, and

605
00:29:50,400 --> 00:29:52,200
Speaker 3: you know you're earning a little bit of something something

606
00:29:52,280 --> 00:29:55,280
Speaker 3: right now. But that's really the benefit of putting your

607
00:29:55,360 --> 00:29:59,440
Speaker 3: money with an FDIC insured or NCUA insured. If you

608
00:29:59,440 --> 00:30:02,960
Speaker 3: have a credit basically the same thing. Your money is

609
00:30:03,000 --> 00:30:07,040
Speaker 3: protected and it's protected against loss, unlike the money in

610
00:30:07,080 --> 00:30:09,760
Speaker 3: your four to one K, which is you know, going

611
00:30:09,800 --> 00:30:11,520
Speaker 3: all over the place right now, if you're like me

612
00:30:12,240 --> 00:30:13,600
Speaker 3: with what's going on right now.

613
00:30:13,880 --> 00:30:15,360
Speaker 2: So it's nice to earn a little bit of money

614
00:30:15,360 --> 00:30:16,480
Speaker 2: on your savings.

615
00:30:16,080 --> 00:30:19,400
Speaker 3: That's cool, But I think the real, the real pro

616
00:30:19,560 --> 00:30:22,160
Speaker 3: of saving, whether an online or with a regular bank,

617
00:30:22,160 --> 00:30:24,600
Speaker 3: as long as our FDIC ensured is that your money

618
00:30:24,680 --> 00:30:26,920
Speaker 3: is you know, guaranteed by the government to be there

619
00:30:27,600 --> 00:30:31,160
Speaker 3: if all hell breaks loose. And the one thing I'll

620
00:30:31,200 --> 00:30:33,160
Speaker 3: say is if you have a lot in savings and

621
00:30:33,240 --> 00:30:35,600
Speaker 3: you're you have a lot of cash in savings, and

622
00:30:35,640 --> 00:30:38,320
Speaker 3: you've got your six months savings or however much you

623
00:30:38,320 --> 00:30:40,360
Speaker 3: feel comfortable having for emergencies, and then.

624
00:30:40,280 --> 00:30:42,560
Speaker 2: You have cash on top of that, you could look

625
00:30:42,600 --> 00:30:43,240
Speaker 2: to CDs.

626
00:30:43,360 --> 00:30:46,880
Speaker 3: Now, CD rates, just like savings accounts, rates will be

627
00:30:46,920 --> 00:30:49,320
Speaker 3: going down because the FED has continued to slash rates.

628
00:30:50,160 --> 00:30:53,760
Speaker 3: But that being said, they can offer higher potential savings

629
00:30:53,840 --> 00:30:56,680
Speaker 3: rate than your regular savings account. So if you want

630
00:30:56,720 --> 00:30:58,600
Speaker 3: to lock in a higher rate and you have that

631
00:30:58,680 --> 00:31:01,720
Speaker 3: extra cash, you could look to a CD. They're also

632
00:31:01,880 --> 00:31:05,520
Speaker 3: FDIC insured, so your money is protected, and they could

633
00:31:05,520 --> 00:31:08,720
Speaker 3: have a higher rate. The only downside with the CD

634
00:31:08,880 --> 00:31:11,280
Speaker 3: is that you have to lock it in for a certain.

635
00:31:11,000 --> 00:31:11,680
Speaker 2: Amount of time.

636
00:31:12,000 --> 00:31:14,400
Speaker 3: The longer you agree to lock it in, the higher

637
00:31:14,480 --> 00:31:17,400
Speaker 3: the rate will be. So five years whatever. But you

638
00:31:17,400 --> 00:31:19,640
Speaker 3: can get them three months, six months, one year, up

639
00:31:19,680 --> 00:31:22,480
Speaker 3: to five years, seven years, I think maybe even more.

640
00:31:22,960 --> 00:31:25,440
Speaker 3: And if you were to like cash out that CD

641
00:31:25,600 --> 00:31:30,240
Speaker 3: before that term expires or until that term is completed,

642
00:31:30,280 --> 00:31:33,320
Speaker 3: then you'd have to pay an early withdrawal penalty, which

643
00:31:33,600 --> 00:31:36,520
Speaker 3: of course just not just not key, thank you, And

644
00:31:36,520 --> 00:31:38,440
Speaker 3: then it's just like defeats a purpose in the first.

645
00:31:38,200 --> 00:31:40,280
Speaker 2: Place, exactly because you're gonna lose.

646
00:31:40,360 --> 00:31:41,840
Speaker 1: But I'll say this about because I did a CD

647
00:31:41,920 --> 00:31:44,920
Speaker 1: for like the kids in my family. I did it

648
00:31:45,000 --> 00:31:49,240
Speaker 1: last year, and it came to maturity in April. I

649
00:31:49,280 --> 00:31:51,360
Speaker 1: did it with ALLY, and I guess I must have

650
00:31:51,440 --> 00:31:55,040
Speaker 1: signed up inadvertently for an automatic rollover to like a

651
00:31:55,080 --> 00:31:58,120
Speaker 1: CD again. And I just happened to remember in the

652
00:31:58,160 --> 00:32:00,560
Speaker 1: back of my head, like, oh, April my CD, And

653
00:32:00,600 --> 00:32:02,640
Speaker 1: so I logged into ALLY and there was like a

654
00:32:02,720 --> 00:32:05,120
Speaker 1: notice there. There was like, hey, girl, you got about

655
00:32:05,120 --> 00:32:08,200
Speaker 1: ten days that if you don't withdraw your money from

656
00:32:08,200 --> 00:32:08,520
Speaker 1: the CD.

657
00:32:08,720 --> 00:32:11,080
Speaker 2: It's locked in. I'm like, I get it, get it

658
00:32:11,120 --> 00:32:14,520
Speaker 2: lie right? Can you imagine I was pissed. I was like,

659
00:32:14,560 --> 00:32:16,320
Speaker 2: I didn't get an email. Maybe they did send an email.

660
00:32:16,360 --> 00:32:16,920
Speaker 2: I didn't see it.

661
00:32:16,960 --> 00:32:18,840
Speaker 1: But so just be mindful that if you are going

662
00:32:18,840 --> 00:32:20,600
Speaker 1: to get a CD, which you know might be the

663
00:32:20,640 --> 00:32:22,320
Speaker 1: tool that your you know, vehicle that you might want

664
00:32:22,360 --> 00:32:23,960
Speaker 1: to use, that that one.

665
00:32:24,240 --> 00:32:25,960
Speaker 2: You know that you're not.

666
00:32:26,080 --> 00:32:28,480
Speaker 1: Signing up for automatic rollover or maybe you are, maybe

667
00:32:28,520 --> 00:32:31,239
Speaker 1: you want to, but put like a little reminder on

668
00:32:31,280 --> 00:32:33,800
Speaker 1: your on your phone, like two weeks ahead of time,

669
00:32:34,120 --> 00:32:36,160
Speaker 1: so that way you know to go check on your

670
00:32:36,160 --> 00:32:38,000
Speaker 1: CD and pull it out and withdraw it if you

671
00:32:38,040 --> 00:32:38,360
Speaker 1: want to.

672
00:32:39,120 --> 00:32:41,040
Speaker 3: Definitely a pro tip. I did the same thing when

673
00:32:41,040 --> 00:32:42,960
Speaker 3: I had my The most I've ever felt comfortable doing

674
00:32:43,040 --> 00:32:43,800
Speaker 3: was a one year CD.

675
00:32:44,280 --> 00:32:45,560
Speaker 2: Yeah me too. Yeah.

676
00:32:45,600 --> 00:32:48,080
Speaker 3: But those three banks that she mentioned, ally Goldman Sachs

677
00:32:48,160 --> 00:32:49,960
Speaker 3: or sorry ally Marcus By Goldman Sachs.

678
00:32:51,440 --> 00:32:53,160
Speaker 2: I closed my app. What was the other one that

679
00:32:53,200 --> 00:32:56,920
Speaker 2: she mentioned? It was Oh, I know it too, It's

680
00:32:56,960 --> 00:32:58,560
Speaker 2: at the top of got it.

681
00:32:58,640 --> 00:33:02,000
Speaker 3: Yeah, So those three of the bigger online banks that

682
00:33:02,040 --> 00:33:05,720
Speaker 3: are out there. I'll post a link again to Magnify

683
00:33:05,760 --> 00:33:08,600
Speaker 3: Money where you can compare savings accounts, and if you

684
00:33:08,600 --> 00:33:10,840
Speaker 3: guys are looking for a safe place to stash your cash,

685
00:33:11,320 --> 00:33:14,400
Speaker 3: please opt for an fd I, C or NCU, a

686
00:33:14,840 --> 00:33:19,400
Speaker 3: insured bank account and not the socks in your closet. Yes,

687
00:33:19,680 --> 00:33:24,360
Speaker 3: Alton Woodriff, can you hear me, Daddy, it's a problem.

688
00:33:24,760 --> 00:33:27,320
Speaker 3: He literally was, like I asked, because you know, my

689
00:33:27,360 --> 00:33:29,480
Speaker 3: dad lost his job. He's been out of work for

690
00:33:29,520 --> 00:33:31,600
Speaker 3: a few weeks now, and my brother and I have

691
00:33:31,600 --> 00:33:33,160
Speaker 3: been helping him. But I was like, Dad, do you

692
00:33:33,240 --> 00:33:35,400
Speaker 3: need anything? It got groceries? Like man, He's like, yeah,

693
00:33:35,400 --> 00:33:36,720
Speaker 3: I got I got a I got a jug full

694
00:33:36,760 --> 00:33:38,640
Speaker 3: of quarters. I can cash it anytime I want to.

695
00:33:39,080 --> 00:33:42,080
Speaker 3: Legitimately he has. He's that man with the water jug

696
00:33:42,120 --> 00:33:42,800
Speaker 3: full of cords.

697
00:33:43,520 --> 00:33:43,920
Speaker 2: That's right.

698
00:33:44,000 --> 00:33:48,120
Speaker 3: Pause, I know, bless his heart. All right, Well, thank

699
00:33:48,120 --> 00:33:50,440
Speaker 3: you guys so much for your questions. One more time.

700
00:33:51,160 --> 00:33:54,160
Speaker 3: Send him to Brand Ambission Podcast at gmail dot com,

701
00:33:54,320 --> 00:33:57,360
Speaker 3: beca or hit us up on the gram Brand Ambisson

702
00:33:57,400 --> 00:33:58,680
Speaker 3: Podcast on Instagram.

703
00:33:59,280 --> 00:34:04,520
Speaker 2: That I am. And now it's time for boost or

704
00:34:04,640 --> 00:34:09,560
Speaker 2: break or boost or break break. Oh sorry, Kelly Boo break.

705
00:34:11,840 --> 00:34:13,800
Speaker 3: CALLI our editor to the people know what we're talking about.

706
00:34:14,360 --> 00:34:15,760
Speaker 2: So Cally is our editor.

707
00:34:16,040 --> 00:34:17,919
Speaker 1: I'm trying to keep my laugh out because Kelly said

708
00:34:17,960 --> 00:34:21,040
Speaker 1: my laugh brings us into the red. Yeah, she's trying

709
00:34:21,040 --> 00:34:23,920
Speaker 1: to call. She and Mandy are trying to quell my joy.

710
00:34:24,040 --> 00:34:25,480
Speaker 1: So I'm trying to sit a little further away from

711
00:34:25,480 --> 00:34:27,040
Speaker 1: the bike because apparently I'm loud.

712
00:34:27,040 --> 00:34:27,520
Speaker 2: Who knew?

713
00:34:27,960 --> 00:34:31,880
Speaker 3: I mean, listen, especially compared to me, like when I

714
00:34:31,920 --> 00:34:33,680
Speaker 3: was editing our audio, it would be I would have

715
00:34:33,719 --> 00:34:36,040
Speaker 3: no problem being able to tell when I was talking

716
00:34:36,040 --> 00:34:37,319
Speaker 3: when Tiffany was talking.

717
00:34:38,320 --> 00:34:40,319
Speaker 2: Let me try not to lie. Mandy's not making you laugh.

718
00:34:41,239 --> 00:34:43,960
Speaker 3: Listen. You are who you are and we love you.

719
00:34:43,920 --> 00:34:47,120
Speaker 2: We love you for it. So are you gonna boost?

720
00:34:47,400 --> 00:34:49,759
Speaker 2: Are you gonna ray? I'm gonna go first this time.

721
00:34:50,160 --> 00:34:53,360
Speaker 3: Okay, I'm you always control the boost and break up.

722
00:34:55,040 --> 00:34:55,800
Speaker 2: I'm gonna boost.

723
00:34:55,880 --> 00:35:02,240
Speaker 1: Actually, I'm gonna boost these local banks because Wells Fargo,

724
00:35:02,360 --> 00:35:07,080
Speaker 1: You naughty, naughty boy. Do you see Wells Fargo's being

725
00:35:07,080 --> 00:35:12,400
Speaker 1: sued surprise surprise, apparently how they mishandled the PPP funds,

726
00:35:12,400 --> 00:35:14,080
Speaker 1: the Paycheck Protection Fund.

727
00:35:14,160 --> 00:35:17,759
Speaker 3: Yes, they're quick with the lawsuit, quick quick, real quick.

728
00:35:17,880 --> 00:35:18,400
Speaker 2: Just happened.

729
00:35:18,840 --> 00:35:20,760
Speaker 1: But you know what I'm because I have my business

730
00:35:20,800 --> 00:35:22,840
Speaker 1: accounts at Wells Fargo and honestly.

731
00:35:22,680 --> 00:35:23,920
Speaker 2: Good for them.

732
00:35:23,960 --> 00:35:25,839
Speaker 1: Sorry, I'm sure they'll never throw any money my way.

733
00:35:25,920 --> 00:35:30,279
Speaker 1: Don't care, because literally, they secretly opened your ability to

734
00:35:30,360 --> 00:35:33,800
Speaker 1: apply for the PPP on like a Sunday afternoon Manday,

735
00:35:33,840 --> 00:35:36,080
Speaker 1: and by Sunday evening, oh we're not taking any more people.

736
00:35:36,120 --> 00:35:39,839
Speaker 1: I'm like, wait, you guys were open. So it was

737
00:35:39,960 --> 00:35:42,640
Speaker 1: the way they handle it was terrible the moment that

738
00:35:42,680 --> 00:35:46,080
Speaker 1: I'd heard about it. My friend don Tcio, she lives

739
00:35:46,080 --> 00:35:48,359
Speaker 1: in Florida. She went to her local bank, and her

740
00:35:48,400 --> 00:35:50,719
Speaker 1: local bank had her fill out an application, and they said,

741
00:35:50,760 --> 00:35:52,399
Speaker 1: we don't have any of the money or anything yet,

742
00:35:52,440 --> 00:35:54,879
Speaker 1: but we'll have you primed.

743
00:35:54,520 --> 00:35:55,080
Speaker 2: And ready to go.

744
00:35:55,160 --> 00:35:57,160
Speaker 1: So when the money does come in, we've already vetted

745
00:35:57,200 --> 00:35:58,319
Speaker 1: you and your application is done.

746
00:35:58,440 --> 00:36:00,319
Speaker 2: We could just connect you with the money. That's what

747
00:36:00,360 --> 00:36:00,919
Speaker 2: happened to her.

748
00:36:01,280 --> 00:36:03,920
Speaker 1: My other friend, who lives in Philly, same thing, local

749
00:36:04,000 --> 00:36:07,520
Speaker 1: bank filled out that application. Money's already been deposited into

750
00:36:07,560 --> 00:36:10,520
Speaker 1: her account. Meanwhile, I'm here with the biggest bank in

751
00:36:10,840 --> 00:36:14,160
Speaker 1: Dagon country and I can't get my business banker on

752
00:36:14,200 --> 00:36:16,600
Speaker 1: the phone. I can't get anyone to answer the phone,

753
00:36:16,719 --> 00:36:19,120
Speaker 1: I can't get an email back. I couldn't even apply.

754
00:36:19,600 --> 00:36:21,360
Speaker 1: I'm like, why am I with this bank again?

755
00:36:21,880 --> 00:36:22,359
Speaker 2: Not for long?

756
00:36:22,400 --> 00:36:24,760
Speaker 1: Because my CFO and I we were all talking about it.

757
00:36:24,800 --> 00:36:27,680
Speaker 1: They are if they've already been a mess before, so me,

758
00:36:27,880 --> 00:36:29,600
Speaker 1: this is supposed to be a boost forget them, the

759
00:36:29,719 --> 00:36:33,320
Speaker 1: boost to the smaller banks. So we actually started looking

760
00:36:33,360 --> 00:36:36,200
Speaker 1: at smaller local banks. We found one that we really

761
00:36:36,280 --> 00:36:38,720
Speaker 1: like and I opened up like a business bank account

762
00:36:38,760 --> 00:36:41,480
Speaker 1: with them. And when I did, they actually called me

763
00:36:41,520 --> 00:36:44,359
Speaker 1: and said, hey, did you ever apply for the PPP loan?

764
00:36:44,360 --> 00:36:46,080
Speaker 1: And I said no, because the bank I was with

765
00:36:46,120 --> 00:36:48,200
Speaker 1: before they dropped the ball. And they were like, well,

766
00:36:48,560 --> 00:36:50,960
Speaker 1: you know another round is likely coming. If you'd like

767
00:36:51,000 --> 00:36:54,319
Speaker 1: to pre basically pre qualify, you could fill out an

768
00:36:54,320 --> 00:36:57,479
Speaker 1: application now. And I'm like, wow, where have you been

769
00:36:57,520 --> 00:37:01,759
Speaker 1: on my love? So shout out to local banks. You know,

770
00:37:01,960 --> 00:37:05,080
Speaker 1: Like when I when I opened up my businesses, I thought, well,

771
00:37:05,120 --> 00:37:07,319
Speaker 1: you know, common sense would say you should go with

772
00:37:07,360 --> 00:37:09,279
Speaker 1: the big bank so they could take care of you

773
00:37:09,320 --> 00:37:11,759
Speaker 1: and they can handle your business. Honestly, I'm not so

774
00:37:11,880 --> 00:37:15,719
Speaker 1: sure anymore. I'm we have broad ambition, we have I

775
00:37:15,760 --> 00:37:17,400
Speaker 1: have TJMS, my marketing.

776
00:37:17,480 --> 00:37:19,359
Speaker 3: You stumped me into the Wells Fargo and I didn't

777
00:37:19,400 --> 00:37:22,319
Speaker 3: want to. I know, my bad girl, my bad girl,

778
00:37:22,560 --> 00:37:24,080
Speaker 3: my online everything, all the.

779
00:37:24,120 --> 00:37:26,880
Speaker 2: Things you are. Well, we leave, and we leave it

780
00:37:26,960 --> 00:37:27,640
Speaker 2: still dirty.

781
00:37:28,960 --> 00:37:31,920
Speaker 1: I have a marketing company, I've got the budget Nissa,

782
00:37:32,040 --> 00:37:35,279
Speaker 1: and I also have my uh literature academies.

783
00:37:35,400 --> 00:37:38,280
Speaker 2: So all four of those companies are with Wells Fargo.

784
00:37:38,360 --> 00:37:40,480
Speaker 2: But we're leaving. We are leaving.

785
00:37:40,520 --> 00:37:42,719
Speaker 1: I'm packing my bags and we're leaving, and we're gonna

786
00:37:42,760 --> 00:37:45,759
Speaker 1: go head over to my new, small, friendly bank where

787
00:37:45,760 --> 00:37:48,359
Speaker 1: the vice president actually calls you and checks up on you,

788
00:37:48,960 --> 00:37:51,279
Speaker 1: and you have access to the tools and resources you

789
00:37:51,360 --> 00:37:53,560
Speaker 1: need to succeed. I suspect a lot of people are

790
00:37:53,560 --> 00:37:55,440
Speaker 1: going to be leaving. Honestly, a lot of people left

791
00:37:55,480 --> 00:37:57,960
Speaker 1: Wells Fargo after they were signing people up illegally for

792
00:37:58,040 --> 00:38:01,520
Speaker 1: bank accounts, and the president and CEO and the people

793
00:38:01,560 --> 00:38:03,160
Speaker 1: at the top were acting as if they had no

794
00:38:03,280 --> 00:38:05,719
Speaker 1: idea when they know that was an underlying policy.

795
00:38:06,160 --> 00:38:07,080
Speaker 2: So a lot of people left.

796
00:38:07,080 --> 00:38:08,600
Speaker 1: Then I didn't leave them because I had so many

797
00:38:08,600 --> 00:38:10,920
Speaker 1: bank accounts with them. I just didn't feel like the hassle.

798
00:38:10,960 --> 00:38:12,600
Speaker 1: But it's actually more of a hassle to stay.

799
00:38:13,000 --> 00:38:15,719
Speaker 3: That's a great and you know, in all seriousness that

800
00:38:15,800 --> 00:38:19,200
Speaker 3: is exactly what's happening. A lot of big banks either

801
00:38:19,239 --> 00:38:21,800
Speaker 3: they ran out of funding for this program really quickly

802
00:38:22,000 --> 00:38:24,600
Speaker 3: or they just didn't want to play ball. And the

803
00:38:24,640 --> 00:38:27,080
Speaker 3: real winners and the real heroes here have been the

804
00:38:27,120 --> 00:38:28,920
Speaker 3: local bank. So if you're a small business owner and

805
00:38:29,000 --> 00:38:32,439
Speaker 3: like Tiffany, you haven't gotten you haven't gotten through your

806
00:38:32,480 --> 00:38:35,440
Speaker 3: big bank, you don't have to be you have to

807
00:38:35,440 --> 00:38:36,920
Speaker 3: like join the bank. Like you can go to a

808
00:38:36,960 --> 00:38:38,640
Speaker 3: bank that you don't bank with and ask them about

809
00:38:38,640 --> 00:38:40,640
Speaker 3: the program and maybe it's about opening up a checking

810
00:38:40,640 --> 00:38:43,839
Speaker 3: account or whatever to qualify. But those are the real

811
00:38:43,880 --> 00:38:46,279
Speaker 3: heroes for small business owners right now.

812
00:38:46,840 --> 00:38:50,640
Speaker 2: Yah postent and honestly, I have checked all the banks.

813
00:38:50,880 --> 00:38:52,600
Speaker 1: Everyone is going to basically tell you that at some

814
00:38:52,640 --> 00:38:54,480
Speaker 1: point you're going to have to open up a business

815
00:38:54,480 --> 00:38:55,759
Speaker 1: bank account with them, which is fine.

816
00:38:55,800 --> 00:38:56,839
Speaker 2: I have no problem doing that.

817
00:38:56,920 --> 00:38:58,880
Speaker 3: So just know that, well that's where they're going to

818
00:38:58,880 --> 00:39:01,680
Speaker 3: deposit your stimulus money. So is I you know you

819
00:39:01,719 --> 00:39:05,560
Speaker 3: need he needs it. That was a good boost. Yeah,

820
00:39:05,560 --> 00:39:06,680
Speaker 3: And you have to if you're going to are you

821
00:39:06,680 --> 00:39:09,640
Speaker 3: gonna apply for the PPP program? We did already Girl

822
00:39:09,880 --> 00:39:12,400
Speaker 3: check Protection program literally.

823
00:39:12,520 --> 00:39:15,000
Speaker 1: Monday, I you know, I went because I was like,

824
00:39:15,000 --> 00:39:16,560
Speaker 1: you know, we're looking for a new bank. Went opened

825
00:39:16,600 --> 00:39:18,520
Speaker 1: up a bank account Monday, got a call from the

826
00:39:18,560 --> 00:39:22,120
Speaker 1: vice president Monday, was like, hey, would you like to

827
00:39:22,160 --> 00:39:25,120
Speaker 1: apply sure by Tuesday? We submitted our paperwork, signed, and

828
00:39:25,160 --> 00:39:28,000
Speaker 1: now we're like preapproved within like twenty four hours.

829
00:39:28,040 --> 00:39:30,879
Speaker 2: I was like what. Meanwhile, big ol' Wells Fargo.

830
00:39:31,000 --> 00:39:33,800
Speaker 1: I have still not heard back from my personal banker

831
00:39:33,880 --> 00:39:36,360
Speaker 1: quote unquote, I have not heard back from then. We've emailed,

832
00:39:36,400 --> 00:39:39,000
Speaker 1: we've called, we haven't heard anything. It's been a nightmare.

833
00:39:39,360 --> 00:39:41,840
Speaker 1: But so I'm like, oh, it's a wrap for Wellsey.

834
00:39:42,040 --> 00:39:43,439
Speaker 2: It's a rap bye ye.

835
00:39:44,280 --> 00:39:47,480
Speaker 3: And this just came out today that the Congress has

836
00:39:47,520 --> 00:39:51,000
Speaker 3: passed a new bill that would approve more money for

837
00:39:51,080 --> 00:39:54,160
Speaker 3: the paycheck Protection Program three hundred and ten three hundred

838
00:39:54,200 --> 00:39:56,799
Speaker 3: and ten billion more dollars that they have created out

839
00:39:56,800 --> 00:39:58,160
Speaker 3: of thin air. We won't talk about that.

840
00:39:58,840 --> 00:40:00,040
Speaker 2: And also six.

841
00:40:01,760 --> 00:40:04,360
Speaker 3: Yeah Rio, you know Rio and the babies. They're going

842
00:40:04,440 --> 00:40:07,040
Speaker 3: to handle this when they get grown. And another bill

843
00:40:07,080 --> 00:40:10,720
Speaker 3: that would increase the Emergency Disaster Loan program by sixty billion,

844
00:40:10,840 --> 00:40:14,240
Speaker 3: so more money coming for small business owners. And now

845
00:40:14,440 --> 00:40:16,799
Speaker 3: if you if you miss the first wave, definitely go

846
00:40:16,840 --> 00:40:19,600
Speaker 3: to your local banks, your credit unions first and foremost

847
00:40:20,000 --> 00:40:22,040
Speaker 3: to get access and tell us your stories. Are you

848
00:40:22,040 --> 00:40:24,720
Speaker 3: guys getting the stimulus? If you're a small business owner, entrepreneur,

849
00:40:24,840 --> 00:40:27,719
Speaker 3: are you getting are you having success getting access to

850
00:40:27,760 --> 00:40:30,319
Speaker 3: funds that you're supposed to have access to? Hit us

851
00:40:30,360 --> 00:40:33,239
Speaker 3: up Brand Ambission Podcast at gmail dot com. Okay, we

852
00:40:33,360 --> 00:40:36,319
Speaker 3: really like to hear from you. Okay, is it my

853
00:40:36,360 --> 00:40:36,839
Speaker 3: turn yet?

854
00:40:37,239 --> 00:40:37,680
Speaker 1: It is?

855
00:40:38,280 --> 00:40:38,640
Speaker 2: Thank you.

856
00:40:39,960 --> 00:40:43,080
Speaker 3: So I want to do a brown a boost for

857
00:40:43,760 --> 00:40:46,839
Speaker 3: virtual game Night, which my family and I I kind

858
00:40:46,840 --> 00:40:49,000
Speaker 3: of proposed the idea of doing a virtual game night

859
00:40:49,040 --> 00:40:50,480
Speaker 3: before I figured out how to do it, and then

860
00:40:50,520 --> 00:40:52,839
Speaker 3: I was like sweating bullets trying to figure out how

861
00:40:52,840 --> 00:40:55,120
Speaker 3: do you do a virtual game night. I ended up

862
00:40:55,200 --> 00:40:58,399
Speaker 3: using an app called house Party, which is cute. It's

863
00:40:58,480 --> 00:41:00,600
Speaker 3: it's kind of like whatever, or it's kind of like

864
00:41:00,640 --> 00:41:02,840
Speaker 3: any other It's kind of like FaceTime, but you have

865
00:41:02,920 --> 00:41:05,040
Speaker 3: the ability to play games and they have games built

866
00:41:05,040 --> 00:41:05,560
Speaker 3: into the app.

867
00:41:05,680 --> 00:41:06,799
Speaker 2: So I recommend it.

868
00:41:06,800 --> 00:41:09,480
Speaker 3: It's really fun and it was a nice way to

869
00:41:09,480 --> 00:41:12,319
Speaker 3: spend a couple hours with my fam on Friday and

870
00:41:12,360 --> 00:41:13,720
Speaker 3: feel feel together.

871
00:41:14,160 --> 00:41:16,280
Speaker 2: And I will do a quick brown.

872
00:41:16,160 --> 00:41:20,799
Speaker 3: Break for an affliction that I have just found a

873
00:41:20,880 --> 00:41:24,040
Speaker 3: name for so my wrist has been destroyed. Like I

874
00:41:24,520 --> 00:41:26,880
Speaker 3: just kept joking that the baby destroyed my body, and

875
00:41:26,920 --> 00:41:28,840
Speaker 3: one of the things that he destroyed was my arm.

876
00:41:28,880 --> 00:41:31,440
Speaker 3: Just all the times you to lift them up, and

877
00:41:31,520 --> 00:41:34,440
Speaker 3: all the rocking and all the nursing and all that,

878
00:41:34,520 --> 00:41:37,480
Speaker 3: my risk just hasn't been the same. And ever since

879
00:41:37,520 --> 00:41:40,120
Speaker 3: I've been working from home without my I left my

880
00:41:40,160 --> 00:41:43,480
Speaker 3: big monitor and my keyboard and my nice standing desk

881
00:41:43,719 --> 00:41:46,160
Speaker 3: at the office, which we can't get into. I think,

882
00:41:46,200 --> 00:41:47,840
Speaker 3: like a lot of people, I've been locked out of

883
00:41:47,880 --> 00:41:50,640
Speaker 3: the office because they want to keep it sanitized.

884
00:41:50,080 --> 00:41:51,279
Speaker 2: For whenever we go back.

885
00:41:51,800 --> 00:41:55,520
Speaker 3: Anyway, So my wrist is just giving me so many problems,

886
00:41:55,520 --> 00:41:58,319
Speaker 3: and I'm wearing a brace now. This is actually an

887
00:41:58,360 --> 00:42:01,680
Speaker 3: affliction called mommy's thumb, which I had never heard of

888
00:42:01,760 --> 00:42:04,239
Speaker 3: before until someone told me. They're like, you have mommy's thumb.

889
00:42:04,280 --> 00:42:07,240
Speaker 3: This is a legitimate, Like it's kind of like carpal tunnel,

890
00:42:07,280 --> 00:42:09,279
Speaker 3: but specific to the part of your hand that you

891
00:42:09,400 --> 00:42:12,520
Speaker 3: use for the baby. And I'm like, what is this

892
00:42:12,640 --> 00:42:15,480
Speaker 3: child doing to me? And I found a gray hair today,

893
00:42:15,600 --> 00:42:18,880
Speaker 3: you guys. Oh, so I have a bummers and a

894
00:42:18,920 --> 00:42:23,440
Speaker 3: gray hair and it's it's real sad but on the

895
00:42:23,440 --> 00:42:27,560
Speaker 3: plus side, baby is almost sleeping through the night now,

896
00:42:27,680 --> 00:42:30,960
Speaker 3: like really, yes, yes, yes, And I don't want to

897
00:42:31,000 --> 00:42:33,319
Speaker 3: get into a debate about whether or not you should

898
00:42:33,400 --> 00:42:36,040
Speaker 3: let them cry, but it's.

899
00:42:35,920 --> 00:42:38,319
Speaker 2: Been working for us.

900
00:42:37,600 --> 00:42:41,040
Speaker 3: And I decided that he won't remember the tears that

901
00:42:41,080 --> 00:42:43,440
Speaker 3: he shed, but I will remember the tears that I

902
00:42:43,680 --> 00:42:47,920
Speaker 3: shed because I had many, many breakdowns from lack of sleep,

903
00:42:48,080 --> 00:42:49,719
Speaker 3: and the fact that I'm getting more sleep is the

904
00:42:49,719 --> 00:42:53,040
Speaker 3: reason we're surviving this whole situation at all. So I

905
00:42:53,080 --> 00:42:55,560
Speaker 3: have to give a brown boost to my baby for

906
00:42:55,719 --> 00:42:58,320
Speaker 3: figuring out how to sleep, because I love him and

907
00:42:58,360 --> 00:43:02,040
Speaker 3: I'm so proud and thank God because now the fog

908
00:43:02,200 --> 00:43:04,920
Speaker 3: is truly starting to lift, now that my sleep is improving.

909
00:43:06,640 --> 00:43:08,040
Speaker 2: What did I just give you? Two boosts and a

910
00:43:08,040 --> 00:43:08,799
Speaker 2: break I don't even care.

911
00:43:08,840 --> 00:43:12,319
Speaker 1: I was a lot now that's good though, yes, because

912
00:43:12,360 --> 00:43:14,880
Speaker 1: I don't even know, like when I guess every baby's different.

913
00:43:15,080 --> 00:43:17,040
Speaker 1: Is there like a typical age when they start sleeping

914
00:43:17,040 --> 00:43:17,520
Speaker 1: through the night.

915
00:43:17,880 --> 00:43:20,480
Speaker 3: So here's the number one piece of advice for any

916
00:43:20,520 --> 00:43:21,560
Speaker 3: mom out there, a new mom.

917
00:43:21,640 --> 00:43:21,920
Speaker 2: Whatever.

918
00:43:22,040 --> 00:43:25,640
Speaker 3: The reason I regained my sanity is because I stopped

919
00:43:25,719 --> 00:43:28,720
Speaker 3: listening to all the googles all.

920
00:43:28,600 --> 00:43:31,080
Speaker 2: The books, all the experts, all you know.

921
00:43:31,160 --> 00:43:35,200
Speaker 3: I was trying to information my problems to death, problems

922
00:43:35,200 --> 00:43:37,800
Speaker 3: that I perceived to have. And I just started listening

923
00:43:37,880 --> 00:43:41,680
Speaker 3: to my child and she yes, and I just started

924
00:43:41,680 --> 00:43:44,520
Speaker 3: to recognize he's the boss. He will tell me how

925
00:43:44,520 --> 00:43:46,520
Speaker 3: many naps he needs, He'll tell me how much and

926
00:43:46,560 --> 00:43:49,400
Speaker 3: how often he's going to eat. When I stopped caring,

927
00:43:49,480 --> 00:43:52,000
Speaker 3: like I used to track how long his feeds were

928
00:43:52,080 --> 00:43:54,440
Speaker 3: when they happened, and then if he slept a good stretch,

929
00:43:54,480 --> 00:43:56,319
Speaker 3: I would try to recreate the day and I would

930
00:43:56,320 --> 00:43:59,160
Speaker 3: stress out and drive myself crazy because I'd be like, oh, no,

931
00:43:59,239 --> 00:44:01,960
Speaker 3: he ate at four twelve yesterday and it's four seventeen,

932
00:44:02,000 --> 00:44:04,919
Speaker 3: and he's refusing, like he's a human and they're all

933
00:44:04,920 --> 00:44:08,360
Speaker 3: different and genuinely genuine. It sounds so simple, but my

934
00:44:08,480 --> 00:44:11,640
Speaker 3: mental health only started to make a turnaround when I

935
00:44:11,680 --> 00:44:14,560
Speaker 3: stopped caring what expert said. Now, the one expert I

936
00:44:14,600 --> 00:44:17,799
Speaker 3: listened to when my mom is a little upset by

937
00:44:17,800 --> 00:44:21,239
Speaker 3: this is my doctor, our doctor, our pediatrician. So she's

938
00:44:21,280 --> 00:44:24,040
Speaker 3: the one that I called and asked about advice around

939
00:44:24,080 --> 00:44:26,799
Speaker 3: and sleep, and she and hers is the advice that

940
00:44:26,840 --> 00:44:30,680
Speaker 3: I went by. And that's just what that's for my

941
00:44:30,719 --> 00:44:32,719
Speaker 3: own mental health. I went on a little bit of

942
00:44:32,719 --> 00:44:35,880
Speaker 3: a rant here, but it's it's absolutely the thing that

943
00:44:36,520 --> 00:44:39,800
Speaker 3: I will credit for helping me get back to feeling

944
00:44:39,880 --> 00:44:43,360
Speaker 3: like myself is just me and my kid. We're in

945
00:44:43,400 --> 00:44:45,600
Speaker 3: a bubble. He tells me what he needs, I give

946
00:44:45,640 --> 00:44:46,560
Speaker 3: it to him, and.

947
00:44:46,680 --> 00:44:48,279
Speaker 2: That's what works for us. And I don't care.

948
00:44:49,080 --> 00:44:51,040
Speaker 3: I don't care what so and so's baby did, or

949
00:44:51,080 --> 00:44:54,120
Speaker 3: what the internet's baby did, or that book you know,

950
00:44:54,200 --> 00:44:57,600
Speaker 3: and that expert on Instagram, like every baby is just different.

951
00:44:57,680 --> 00:45:01,279
Speaker 3: And they they will figure it out man like they

952
00:45:01,360 --> 00:45:03,640
Speaker 3: used to figure it out without Google, like they yeah,

953
00:45:04,120 --> 00:45:07,640
Speaker 3: it's it's a miracle. They it's watching him figure things

954
00:45:07,640 --> 00:45:10,960
Speaker 3: out like how to sleep, how to you know, even

955
00:45:11,040 --> 00:45:14,560
Speaker 3: just how to reach for me or just ask for

956
00:45:14,600 --> 00:45:16,279
Speaker 3: what he needs, like they tell you if you just

957
00:45:16,360 --> 00:45:20,360
Speaker 3: listen and stop trying to control them anyway.

958
00:45:20,440 --> 00:45:22,160
Speaker 2: So I'm back. I feel like I'm back.

959
00:45:22,200 --> 00:45:25,480
Speaker 3: I don't want to jinx myself, but the and honestly

960
00:45:25,560 --> 00:45:28,319
Speaker 3: and all that the work I've done to just let

961
00:45:28,360 --> 00:45:30,440
Speaker 3: go of what I can't control, which is my own child.

962
00:45:30,480 --> 00:45:32,400
Speaker 3: I can't control him. I just need to let him be.

963
00:45:32,719 --> 00:45:35,240
Speaker 3: He's a smart kid. And that is also the approach

964
00:45:35,280 --> 00:45:38,000
Speaker 3: I'm taking for this pandemic. I can't control it. I'll

965
00:45:38,080 --> 00:45:42,400
Speaker 3: let humankind. We'll figure this out. We've survived the plague

966
00:45:42,440 --> 00:45:45,080
Speaker 3: and all kinds of stuff before. That's just that's what

967
00:45:45,120 --> 00:45:46,560
Speaker 3: I'm saying, so I can sleep at night, y'all.

968
00:45:46,560 --> 00:45:50,120
Speaker 1: Okay, well, you're sounding much schipper, And.

969
00:45:52,360 --> 00:45:54,640
Speaker 2: A few choice prescriptions have also helped me.

970
00:45:55,040 --> 00:45:58,799
Speaker 3: But also stopping googling was a real good was my

971
00:45:59,000 --> 00:45:59,920
Speaker 3: was my self prescribement?

972
00:46:01,360 --> 00:46:06,719
Speaker 2: Good? Good? All right, are you feeling better yet? I am.

973
00:46:06,800 --> 00:46:08,279
Speaker 2: I honestly think it's allergies.

974
00:46:09,719 --> 00:46:12,040
Speaker 1: I know, right, every time I coughs, people are like god,

975
00:46:12,680 --> 00:46:14,600
Speaker 1: and I'm like, oh gosh, no. I mean, I don't

976
00:46:14,600 --> 00:46:15,960
Speaker 1: have any of the other symptoms. And this is the

977
00:46:16,000 --> 00:46:18,320
Speaker 1: time of year I cough anyway, because I have the

978
00:46:18,400 --> 00:46:20,759
Speaker 1: running nose, you know, the watery eyes. It's I have,

979
00:46:21,520 --> 00:46:23,400
Speaker 1: you know, like analogies this time of years.

980
00:46:23,239 --> 00:46:25,359
Speaker 2: So season, it is what it is.

981
00:46:25,480 --> 00:46:28,200
Speaker 1: I feel I do feel better emotionally about I mean,

982
00:46:28,239 --> 00:46:31,320
Speaker 1: it's hard. Like I said, I'm an impath, so sometimes

983
00:46:31,360 --> 00:46:33,920
Speaker 1: I just need, I need. I'll talk to someone like

984
00:46:33,960 --> 00:46:36,880
Speaker 1: my sunshine folks. And because you are feeling upbeat, and

985
00:46:36,960 --> 00:46:40,320
Speaker 1: made me feel upbeat because I'm soaking up your happy energy.

986
00:46:40,360 --> 00:46:42,520
Speaker 1: And then if someone gets into my inbox and they're

987
00:46:42,600 --> 00:46:48,280
Speaker 1: like crying, then I'm like, I'm sad with you, so.

988
00:46:47,000 --> 00:46:54,440
Speaker 3: Beldhearted, like I am not a cord No, I do defineized,

989
00:46:54,480 --> 00:46:56,399
Speaker 3: I do complementalize extremely well.

990
00:46:56,800 --> 00:46:58,759
Speaker 2: I don't. I don't. I don't even know how.

991
00:46:59,000 --> 00:47:01,040
Speaker 3: You got to put the people problems in the drawer

992
00:47:01,120 --> 00:47:03,560
Speaker 3: in the back of your head and then okay, that's

993
00:47:03,600 --> 00:47:04,320
Speaker 3: in that drawer.

994
00:47:04,480 --> 00:47:06,360
Speaker 2: Now. My drawer is my own.

995
00:47:06,680 --> 00:47:10,120
Speaker 3: Protect, special, protected place. It's a sacred place. You gotta

996
00:47:10,160 --> 00:47:12,319
Speaker 3: be careful what you let it in your drawer, not

997
00:47:12,400 --> 00:47:12,960
Speaker 3: your drawers.

998
00:47:13,000 --> 00:47:16,840
Speaker 2: That's different. I'm not a lady no more. But you know,

999
00:47:16,920 --> 00:47:18,360
Speaker 2: back in the day, that was some good advice.

1000
00:47:19,960 --> 00:47:21,920
Speaker 3: Oh, this analogy is getting away for me.

1001
00:47:25,000 --> 00:47:25,880
Speaker 2: Oh my goodness.

1002
00:47:26,080 --> 00:47:28,200
Speaker 3: Go hug your husband and say sorry for yelling at

1003
00:47:28,280 --> 00:47:29,439
Speaker 3: him for interrupting again.

1004
00:47:30,680 --> 00:47:32,120
Speaker 2: He's gonna be like, no, keep you a hug.

1005
00:47:33,239 --> 00:47:37,520
Speaker 3: On that note, have a good week, you guys, and

1006
00:47:37,600 --> 00:47:38,880
Speaker 3: we will see y'all next week.

1007
00:47:39,360 --> 00:47:40,160
Speaker 2: Until next time,