WEBVTT - The D*ve R*msey Read 0:00:00.440 --> 0:00:04.120 Hey, Hey, hey guys, It's me Tiffany and it's Manjo. 0:00:04.240 --> 0:00:06.760 We just want to say thank you guys. You guys 0:00:06.800 --> 0:00:10.160 are amazing thanks to you. Since we started our podcast, 0:00:10.200 --> 0:00:13.040 it was just me and Mandy listening to ourselves to 0:00:13.119 --> 0:00:16.440 now we get over one hundred thousand downloads a month, 0:00:17.440 --> 0:00:20.200 and I know it seems like that's awesome, but we 0:00:20.239 --> 0:00:21.080 can do even better. 0:00:21.120 --> 0:00:23.239 And we have a favor to ask, just. 0:00:23.320 --> 0:00:27.040 A tiny favor, if you could please share our show. 0:00:27.360 --> 0:00:29.760 Share it on your social media. You can tag us 0:00:29.840 --> 0:00:33.720 at Brown Ambition Podcast. Take a screenshot of the show 0:00:33.760 --> 0:00:36.839 that you're listening to and share it on Twitter, on Insta, 0:00:36.880 --> 0:00:39.400 on Facebook, tell a friend to tell a friend. You 0:00:39.440 --> 0:00:42.200 can tag us on social media. We're at Brown Ambition 0:00:42.280 --> 0:00:45.680 Podcast on Insta, at the BA Podcast on Twitter, and 0:00:45.720 --> 0:00:48.240 of course our Facebook group. You can find us under 0:00:48.280 --> 0:00:51.640 Brown Ambition. Don't forget to tag our personal handles too. 0:00:51.760 --> 0:00:54.640 On Insta. I'm at Mandy Money Mandy with an Ie, 0:00:55.000 --> 0:00:57.760 and Tiffany is at the Budget Nista. When you tag us, 0:00:57.760 --> 0:01:00.760 we will share your post and help amplify it even further. 0:01:01.200 --> 0:01:03.240 Thank y'all for all the love this is just gonna 0:01:03.280 --> 0:01:05.760 help us give us that little extra brown boost. 0:01:22.160 --> 0:01:30.240 Hey, hey, hey, we're back. We're black, We're brown. 0:01:30.280 --> 0:01:33.840 Ambision ambisent ambis. 0:01:36.440 --> 0:01:41.720 Hey, mandra, Hey, how's it going. It's going, you know, 0:01:42.400 --> 0:01:46.360 just another week in our frigid tundra of a paradise. 0:01:46.400 --> 0:01:50.160 Just another day in the neighborhood, just another day around 0:01:50.200 --> 0:01:54.720 the way. Name that artist feeling good today? Come on now, 0:01:54.880 --> 0:01:59.240 she's a New Yorky journey native feeling love. Hey, she's 0:01:59.240 --> 0:02:00.520 not a princess, but she's a. 0:02:02.200 --> 0:02:06.040 Queen. Oh hey, we just talked about her. Thank you. 0:02:06.400 --> 0:02:09.000 That was such like a game that she's not a queen, 0:02:09.160 --> 0:02:12.000 but she's a No, she's not a princess, she's a. 0:02:12.480 --> 0:02:14.320 That was good, but you gotta get that. I'm gonna 0:02:14.320 --> 0:02:14.600 give you. 0:02:15.000 --> 0:02:17.560 I'm gonna give you parcel use of your your black 0:02:17.560 --> 0:02:18.399 and brown card back. 0:02:19.480 --> 0:02:21.720 Li said, why are you always holding that over my head? 0:02:21.800 --> 0:02:23.640 That's not fair. I can't calm here. This is a 0:02:23.680 --> 0:02:25.480 safe space. I can't come. 0:02:27.600 --> 0:02:28.200 Every day. 0:02:28.600 --> 0:02:30.400 But you know, just first of all, I just want 0:02:30.440 --> 0:02:32.040 to for those of you who will be about Chinese 0:02:32.120 --> 0:02:33.480 jump rope, thank. 0:02:33.320 --> 0:02:34.919 You, because I was like, I'm not bucket. 0:02:34.919 --> 0:02:37.480 I used to play that in outside of Side on 0:02:37.639 --> 0:02:39.680 It out and so a bunch of y'all were like, 0:02:39.760 --> 0:02:40.239 uh huh. 0:02:41.320 --> 0:02:43.480 Was that last week's show? We got so much love 0:02:43.520 --> 0:02:46.840 for last week's show. I think people really appreciated there 0:02:46.880 --> 0:02:49.079 was some positive energy flowing last week. So if you 0:02:49.120 --> 0:02:52.320 missed last week's episode, episode two fitty two, go check 0:02:52.320 --> 0:02:54.120 it out. Go check it out. Stop what you're doing. 0:02:54.480 --> 0:02:56.560 You can come back to this one later. It's cool. 0:02:56.720 --> 0:02:58.800 Go ahead, go back to with some big news nuggets 0:02:58.840 --> 0:03:01.800 on the last ones to go take sewed out. Also, 0:03:01.919 --> 0:03:03.120 Chinese jump rope is a thing. 0:03:03.280 --> 0:03:04.000 Yes it is. 0:03:04.680 --> 0:03:05.160 It's a thing. 0:03:06.639 --> 0:03:09.480 Ah, So you want to just get get down with it. 0:03:09.520 --> 0:03:10.520 Get down, mandra. 0:03:10.800 --> 0:03:17.040 Let's get down. Let's get down. The socials and the 0:03:17.400 --> 0:03:20.640 personal finance socials at least, were going like nuts a 0:03:20.680 --> 0:03:24.560 few days ago when one David Ramsey, who I don't 0:03:24.600 --> 0:03:27.760 even know what to call this man, personal finance guru 0:03:27.840 --> 0:03:31.440 who just won't quit. Dave Ramsey was on Fox News 0:03:31.560 --> 0:03:34.880 his home away from home, and went on a little 0:03:35.120 --> 0:03:38.600 mini well. He was answering some questions about the stimulus 0:03:38.640 --> 0:03:42.480 and even about some progressive legislation that's being pushed to 0:03:42.640 --> 0:03:48.000 potentially free, relieve, or forgive cancel student loan debt so 0:03:48.120 --> 0:03:51.320 in like a two and a half minute clip in 0:03:51.360 --> 0:03:56.120 this Fox interview Dave he says a little something about 0:03:56.120 --> 0:03:59.320 people who may need a stimulus check, and yeah, people 0:03:59.360 --> 0:04:00.080 are peels. 0:04:00.480 --> 0:04:01.720 So we're actually going to play it for you so 0:04:01.760 --> 0:04:04.520 that way, because it's many pointed out that sometimes, you know, 0:04:04.560 --> 0:04:08.000 people talk about clips and things and there you folks 0:04:08.000 --> 0:04:10.120 who are listening have not gotten the chance to really listen. 0:04:10.160 --> 0:04:12.360 It's only two minutes, but we want to play it 0:04:12.360 --> 0:04:15.000 for you then discuss aka drag hm. 0:04:15.160 --> 0:04:19.760 Okay, let's discuss. Well I had I myself hadn't listened 0:04:19.760 --> 0:04:21.680 to the clip. I had read some of the articles 0:04:21.680 --> 0:04:24.159 that mentioned his quote, but yeah, I do feel like 0:04:24.240 --> 0:04:26.120 if we're going to talk about it, let's listen to it. 0:04:26.160 --> 0:04:29.040 And part of me is like, why I give this man, 0:04:29.320 --> 0:04:31.400 you know, a bigger platform than he already has. But 0:04:31.800 --> 0:04:33.840 you know, I even think some of our Brown Ambition 0:04:33.920 --> 0:04:36.640 listeners are Dave Ramsey fans, and a lot of people 0:04:36.760 --> 0:04:41.520 friends of mine have benefited from his his his empire 0:04:41.640 --> 0:04:44.400 of financial wisdom and all of that, so people still 0:04:44.440 --> 0:04:47.240 turn to him for advice. So I think it's worth 0:04:48.120 --> 0:04:50.320 it's worth hearing him out and then we can talk 0:04:50.360 --> 0:04:52.040 about sort of what he said. So let me get 0:04:52.040 --> 0:04:54.000 my little clip up here and play it for y'all. 0:04:55.040 --> 0:04:57.960 All right, So here is Dave Ramsey on Fox News 0:04:58.040 --> 0:05:01.080 last week talking about a couple different and personal finance 0:05:01.080 --> 0:05:04.159 agenda items on the progressives list. 0:05:05.080 --> 0:05:07.120 Well, to start with, we need to understand we got 0:05:07.120 --> 0:05:10.920 one point seven trillion dollars in student loan debt. One 0:05:11.000 --> 0:05:13.920 hundred and ninety two billion out of that not so much. 0:05:14.040 --> 0:05:15.360 Let's do some ratios, folks. 0:05:15.400 --> 0:05:16.880 If we're going to do math, we probably ought to 0:05:16.880 --> 0:05:17.360 play math. 0:05:17.720 --> 0:05:17.920 Now. 0:05:17.960 --> 0:05:20.039 On top of that, when you dig into it, the 0:05:20.080 --> 0:05:23.440 whole idea that that student loans being forgiven is going 0:05:23.440 --> 0:05:26.520 to stimulate the economy, That assumes that people were getting 0:05:26.520 --> 0:05:29.400 ready to pay them off this year and instead would 0:05:29.480 --> 0:05:31.919 use that same forty thousand dollars that they were getting 0:05:31.920 --> 0:05:34.360 ready to pay off their student loan and stimulate. 0:05:33.960 --> 0:05:34.800 The economy with it. 0:05:35.040 --> 0:05:39.000 Again, that's economic hogwash, it's smoking mirrors. It's simply not 0:05:39.080 --> 0:05:41.400 going to happen. Dave, I just think there's there's a 0:05:41.440 --> 0:05:46.760 moral hazard doing this. You're absolutely, yes, signed a financial contract, 0:05:46.800 --> 0:05:50.320 you have an obligation to pay that money back. Absolutely, 0:05:50.560 --> 0:05:53.720 and listen, there's some situations where folks are hurting and 0:05:53.760 --> 0:05:56.520 this thing has become it's gotten completely out of hand. 0:05:56.880 --> 0:05:59.200 I mean, there are people's lives who have been destroyed 0:05:59.480 --> 0:06:03.520 by this. Somebody needs some relief somewhere. I'm fine with that, 0:06:03.720 --> 0:06:06.240 But this has nothing to do with really helping people. 0:06:06.279 --> 0:06:09.919 This is a political gimme by progressive simply trying to 0:06:09.920 --> 0:06:12.039 buy votes. And we know that because when you go 0:06:12.080 --> 0:06:14.800 from ten thousand in forgiveness to fifty thousand in forgiveness, 0:06:14.920 --> 0:06:18.040 the people who benefit are not lower income people. The 0:06:18.160 --> 0:06:20.840 vast majority of people that have an average income or 0:06:20.960 --> 0:06:24.000 less have less than ten thousand dollars a student loan debt. 0:06:24.160 --> 0:06:26.400 The vast majority of people who be blessed by moving 0:06:26.400 --> 0:06:29.800 it from ten to fifty are high income earners. So again, 0:06:30.160 --> 0:06:33.320 this is all political rhetoric, it's not reality. 0:06:33.560 --> 0:06:35.200 You come from an interesting perspective. 0:06:35.240 --> 0:06:37.440 You talk to Americans across the country every day in 0:06:37.480 --> 0:06:41.000 your radio program, what do you believe is the right 0:06:41.120 --> 0:06:46.480 number or the right answer for the next stimulus check? Well, 0:06:46.880 --> 0:06:49.279 I don't believe in a stimulus check because if six 0:06:49.320 --> 0:06:52.040 hundred dollars or fourteen hundred dollars changes your life, you. 0:06:52.000 --> 0:06:52.960 Were pretty much screwed. 0:06:53.000 --> 0:06:57.000 Already. You got other issues going on. You have a 0:06:57.040 --> 0:06:59.240 career problem, you have a debt problem, you have a 0:06:59.320 --> 0:07:02.200 relationship problem, you have a mental health problem. Something else 0:07:02.279 --> 0:07:05.240 is going on. If six hundred dollars changes your life, 0:07:05.320 --> 0:07:07.560 And that's not talking down to folks. I've been bankrupt, 0:07:07.560 --> 0:07:09.360 I've been broken. I work with people every day who 0:07:09.400 --> 0:07:11.240 are hurting. I love people. I want people to be 0:07:11.240 --> 0:07:13.880 lifted up. But this is again, it is It is 0:07:14.000 --> 0:07:16.800 just political rhetoric, and it's just throwing dollars out there. 0:07:16.800 --> 0:07:20.080 It's peeing on a forest fire. It's absolutely ridiculous. So 0:07:20.200 --> 0:07:21.960 can I start with a little shade real quick? 0:07:22.360 --> 0:07:23.000 Take it away? 0:07:23.680 --> 0:07:29.520 Okay, So the anchor said to Dave Ramsey, you talking 0:07:29.560 --> 0:07:31.320 about the people in general who'd be. 0:07:31.280 --> 0:07:32.280 Looking for assistance. 0:07:32.800 --> 0:07:36.600 You signed a contract, you have a moral obligation to 0:07:36.720 --> 0:07:41.920 pay what's owed. From Dave Ramsey dot com Dave's bankruptcy 0:07:41.960 --> 0:07:45.840 story from his site. Did you know Dave Ramsey filed 0:07:45.840 --> 0:07:49.320 for bankruptcy? I'm reading verbatim. He has He had earned 0:07:49.600 --> 0:07:51.920 a networth of over one million dollars by the time 0:07:51.960 --> 0:07:55.120 he was twenty six, But in September nineteen eighty eight, 0:07:55.160 --> 0:07:57.960 it all came crushing down when the bank called the 0:07:58.000 --> 0:08:01.240 notes of his loans, the contracts that he was morally 0:08:01.280 --> 0:08:02.880 obligated to pay. 0:08:02.880 --> 0:08:05.480 He was left totally broken and completely broken. 0:08:07.320 --> 0:08:09.920 So this is also from the site Do you know 0:08:10.000 --> 0:08:13.640 what does filing for bankruptcy means? When you go through 0:08:13.680 --> 0:08:16.680 the process of filing for bankruptcy, you are telling the 0:08:16.760 --> 0:08:22.280 courts you can't pay your debts set up through federal laws, 0:08:22.360 --> 0:08:25.840 bankruptcy will cancel many of your debts so you can 0:08:26.040 --> 0:08:32.920 start fresh. So Dave hypocrite Ramsey has filed for bankruptcy 0:08:33.400 --> 0:08:36.520 and gotten to restart his millionaire life. 0:08:36.840 --> 0:08:39.000 But you, oh, no, no, no. 0:08:38.760 --> 0:08:41.520 You person who's like, how possibly am I going to 0:08:41.559 --> 0:08:44.440 be able to feed my child, pay for my mortgage 0:08:44.440 --> 0:08:49.199 and my rent during a historic worldwide pandemic. 0:08:49.640 --> 0:08:52.120 Pooh pooh on you for asking for. 0:08:52.120 --> 0:08:57.240 Assistance because you are morally obligated to pay for everything 0:08:57.240 --> 0:08:58.360 that you've ever borrowed. 0:08:58.760 --> 0:09:00.760 But not Dave Ramsey though, of course not him. 0:09:00.880 --> 0:09:02.280 So I just wanted to start with that piece of 0:09:02.360 --> 0:09:05.360 hypocritical shade this man, quite honestly, and I don't lose 0:09:05.400 --> 0:09:05.760 hand much. 0:09:05.840 --> 0:09:11.480 He's trash. 0:09:11.520 --> 0:09:12.280 Do you feel better? 0:09:13.040 --> 0:09:16.440 Actually, do commence? I'm gonna tagging win man, I've tagged 0:09:16.400 --> 0:09:17.959 you into the ropes me. 0:09:17.880 --> 0:09:19.520 And let me let me in, Let me in. Well, 0:09:19.520 --> 0:09:21.040 I don't know if I've ever mentioned this. I just 0:09:21.080 --> 0:09:23.679 went on Twitter to see if Dave, you know, try listen. 0:09:23.720 --> 0:09:25.560 I tried to be a journalist sometimes see if the 0:09:25.600 --> 0:09:28.800 man's come out and said anything in response to all this, 0:09:29.559 --> 0:09:33.599 the the justified anger that people have towards this, the 0:09:33.640 --> 0:09:35.640 statement that he made on Fox News. And I can't 0:09:35.679 --> 0:09:37.840 even see his tweets because he blocked me. I don't know. 0:09:38.120 --> 0:09:40.840 I don't know when, but I've been blocked by Jay Ramsey. 0:09:41.400 --> 0:09:43.440 Maybe it has been for years. I do know that 0:09:43.520 --> 0:09:46.200 I was blacklisted by his people years ago when I 0:09:46.240 --> 0:09:50.280 was at Business Insider because I he had been basically 0:09:50.280 --> 0:09:53.520 talking about retirement and how you can expect like a 0:09:53.520 --> 0:09:56.320 twelve percent return on your retirement anyway, and I wrote 0:09:56.320 --> 0:09:58.960 an article talking about how that's a little too rosy 0:09:59.000 --> 0:10:02.000 of a picture for the eye investor to anticipate seven 0:10:02.120 --> 0:10:04.679 or sorry, twelve percent gains on their investment. Anyway. He 0:10:04.720 --> 0:10:07.439 didn't like that, and like I got invited to a 0:10:07.520 --> 0:10:09.680 Dave Ramsey thing and then disinvited. It was a whole 0:10:09.679 --> 0:10:13.240 thing I guess I guess he's a little petty. Yes, 0:10:13.280 --> 0:10:16.880 But you know, for me, I think I mean this 0:10:17.040 --> 0:10:22.200 for me is is is a man who has benefited, 0:10:22.280 --> 0:10:26.360 I think, from a certain rhetoric around you know, financial 0:10:26.400 --> 0:10:29.880 advice that that uses shame against people and tries to 0:10:29.880 --> 0:10:32.520 make them feel small for having problems at all. And 0:10:33.200 --> 0:10:35.480 I don't think I think he is very much of 0:10:36.320 --> 0:10:40.320 you know, an era of personal finance guru ship that 0:10:40.600 --> 0:10:43.720 I think is ending now and I really feel like 0:10:43.840 --> 0:10:47.679 the rise of a lot of more compassionate personal finance 0:10:48.200 --> 0:10:53.199 advice and education and frankly, you know, of rise in 0:10:53.400 --> 0:10:57.040 diverse voices in personal finance education, so that he's not 0:10:57.120 --> 0:10:59.560 the only option for people, and so that we have 0:10:59.640 --> 0:11:02.840 different perspectives, because look, this is a perspective of a 0:11:02.880 --> 0:11:06.920 wealthy man who has who is privileged in so many ways, 0:11:07.040 --> 0:11:09.240 and has been put on a pedestal bites so many 0:11:09.280 --> 0:11:13.120 people for his personal finance tips, and frankly, like how 0:11:13.240 --> 0:11:15.480 you know he's very far removed from the people that 0:11:15.520 --> 0:11:16.840 he helps every day or so yes. 0:11:16.760 --> 0:11:17.240 He's that day. 0:11:17.679 --> 0:11:21.040 Let's make sure it's the double w the wealthy white man. 0:11:22.760 --> 0:11:25.120 Now here's the thing that honestly also kind of pissed 0:11:25.160 --> 0:11:26.800 me off, not even kind of just straight U piss 0:11:26.880 --> 0:11:30.720 me off. Is that he mentioned that he doesn't think 0:11:30.800 --> 0:11:34.840 that student loan forgiveness should be discussed going from ten 0:11:34.920 --> 0:11:38.640 thousand dollars being forgiven up to fifty thousand. He's like, Oh, 0:11:38.720 --> 0:11:40.960 that's not going to help anybody, because this is what 0:11:40.960 --> 0:11:44.480 he's saying, if you remember from the clip, because most 0:11:44.559 --> 0:11:48.240 low income folks don't have fifty thousand dollars or more 0:11:48.280 --> 0:11:50.520 of student loans to be forgiven. That's really going to 0:11:50.600 --> 0:11:54.440 help folks who are not struggling. What he fails to, 0:11:54.520 --> 0:12:02.800 either intentionally or unintentionally mentioned, is that this would significantly 0:12:02.880 --> 0:12:06.840 help black student bars. But you know, Dave, God forbid 0:12:06.880 --> 0:12:09.560 the blacks benefit other than what he's coming into your 0:12:09.640 --> 0:12:13.080 church is telling y'all. Y'all ain't ish by his stuff. 0:12:13.640 --> 0:12:17.320 So anyway, so according to am I business inside of 0:12:17.360 --> 0:12:20.360 your old employer, I just want to kind of give 0:12:20.400 --> 0:12:23.760 you some some stats. Right, So, according to a business insider, 0:12:24.360 --> 0:12:30.040 eighty six point six percent of black student bars have 0:12:30.240 --> 0:12:34.360 federal loans in comparison to fifty nine point nine percent 0:12:34.360 --> 0:12:38.000 of white students. So black students are I mean eighty 0:12:38.200 --> 0:12:42.040 six point six percent are borrowing federal loans. That's tremendous, right, 0:12:42.600 --> 0:12:45.200 even well off black students carrying more student loans at 0:12:45.200 --> 0:12:49.640 than anyone else. Right, the average black student graduate has 0:12:49.720 --> 0:12:54.360 well over seventy four hundred dollars more student more in 0:12:54.440 --> 0:12:56.480 student loan debt than they're white peers. 0:12:56.480 --> 0:12:57.760 So not right. 0:12:58.200 --> 0:13:02.480 So not that that they have under ten thousand, but 0:13:02.960 --> 0:13:07.840 seventy four percent more debt. That's just crazy. So the 0:13:07.880 --> 0:13:11.079 gap widens over time. After four years, black grats hold 0:13:11.200 --> 0:13:13.120 almost twice as much in student loan debt as their 0:13:13.160 --> 0:13:19.680 white counterparts at fifty three thousand dollars. So if federal 0:13:19.679 --> 0:13:23.880 student loans could be forgiven up to fifty thousand dollars. 0:13:23.600 --> 0:13:26.559 It would significantly help this community. 0:13:26.920 --> 0:13:29.000 I just this is the same man that has said 0:13:29.000 --> 0:13:30.640 I usally don't speak on him because quite honestly, I 0:13:30.679 --> 0:13:31.640 don't care about Dave Ramsey. 0:13:31.679 --> 0:13:33.160 I came about y'all, you know. 0:13:33.800 --> 0:13:37.120 But this is the same man that has said that 0:13:37.240 --> 0:13:41.320 money is not black or white, it's green. I just 0:13:41.720 --> 0:13:43.959 the thought to say that. Tell that to the white 0:13:43.960 --> 0:13:45.600 man that came to my house and said that my 0:13:45.640 --> 0:13:48.120 house was worth thirty thousand dollars or less. There's another couple. 0:13:48.160 --> 0:13:51.160 Did you see this other couple in California recently, Mandy. Yes, 0:13:51.240 --> 0:13:53.439 they had to have their white friend come in. They 0:13:53.440 --> 0:13:56.760 got under appraise by over a half a million dollars 0:13:57.120 --> 0:13:59.800 stolen from these people. They had to fight their bank, 0:14:00.160 --> 0:14:03.360 ask their white friend come in, be my wife, put 0:14:03.400 --> 0:14:06.120 up your white pictures, and their house was appraised at 0:14:06.160 --> 0:14:11.000 five hundred something thousand dollars more five hundred thousand dollars 0:14:11.000 --> 0:14:13.480 in wealth that was almost lost to this family if 0:14:13.520 --> 0:14:16.080 they did not have a white friend. So money is 0:14:16.120 --> 0:14:19.400 not black or white as green is the wealthy white 0:14:19.440 --> 0:14:23.280 man perspective. And he's not dumb. Dave Ramsey's empire is 0:14:23.320 --> 0:14:26.120 like worth over four hundred million dollars, quite honestly built 0:14:26.160 --> 0:14:28.360 on the backs of black and brown people because we 0:14:28.400 --> 0:14:32.160 allow him to spread his poisonous brand of financial education 0:14:32.240 --> 0:14:35.280 into our community. Now here's the thing. Are some of 0:14:35.320 --> 0:14:39.400 his principles sound? Yes, absolutely, some of his principles are sound, 0:14:39.720 --> 0:14:43.120 But the lack of empathy, the lack of connection to 0:14:43.160 --> 0:14:46.560 the community that truly needs service and help. You can 0:14:46.600 --> 0:14:50.760 get that sound personal financial education from so many places, 0:14:50.800 --> 0:14:52.160 from someone who actually. 0:14:51.840 --> 0:14:53.160 Cares about your well being. 0:14:53.840 --> 0:14:55.240 Some of the things that they I'm not even going 0:14:55.280 --> 0:14:56.920 to share because some of them has been shared behind 0:14:56.920 --> 0:14:58.640 the scenes. Some of the things that he's selling you 0:14:58.720 --> 0:15:04.880 are unconscionable. Unconscionable. Steering you, guys, into insurance that is 0:15:04.920 --> 0:15:09.760 not for your benefits, steering you into financial practice services 0:15:09.760 --> 0:15:13.600 that line his pockets. Four hundred million dollars, this is 0:15:13.600 --> 0:15:16.440 what he's made because he is so welcomed to our 0:15:16.440 --> 0:15:18.800 black and round churches. You know how much of that 0:15:18.840 --> 0:15:20.880 money has gone back into the community. Does he give 0:15:20.920 --> 0:15:23.320 to the Negro College Fund? You se him at the 0:15:23.400 --> 0:15:26.560 NAAC people cookout. Is he pouring into that community? 0:15:26.640 --> 0:15:27.480 No, he is. 0:15:27.560 --> 0:15:30.240 Milking this community and then telling you to kiss his 0:15:30.320 --> 0:15:31.520 behind on the way out. 0:15:31.640 --> 0:15:37.320 But that's just me and my tea. I appreciate the tea. 0:15:37.400 --> 0:15:38.960 I mean, I feel like we need to balance this out. 0:15:39.000 --> 0:15:41.960 Let's talk. Let's let's name some names that deserve some shine. 0:15:42.040 --> 0:15:44.800 Let's name some names. So who in personal finance education 0:15:45.000 --> 0:15:48.400 has got you excited? While I'm asking? I'm gonna go 0:15:48.440 --> 0:15:51.680 because there was a really amazing Instagram post by a 0:15:51.720 --> 0:15:54.640 financial educator. Ooh, I need to share. Her name is Anna, 0:15:54.760 --> 0:15:58.600 but I'm thinking like investing Latina. What's her name is Julie. 0:15:58.640 --> 0:15:59.080 I love her. 0:15:59.200 --> 0:16:02.640 M she's amazing. Oh for news to Rob you got 0:16:02.720 --> 0:16:03.200 on the show. 0:16:03.360 --> 0:16:06.880 Katrina Washington, we love her. Lynette caw Finnie Cox, you. 0:16:06.840 --> 0:16:07.480 Know we love her. 0:16:08.280 --> 0:16:10.640 I actually, honestly, I really like David Bach. He's a 0:16:10.640 --> 0:16:12.960 white man, a wealthy white man. But David Bach, he's 0:16:13.000 --> 0:16:17.240 the first time I ever read a compassionate financial educator. 0:16:17.280 --> 0:16:20.440 Like I read his book The Automatic Millionaire and Smart 0:16:20.440 --> 0:16:23.320 Woman finished rich, but the tone was so compassionate. 0:16:23.360 --> 0:16:25.680 I was shocked. And so he's another awesome one. 0:16:26.880 --> 0:16:28.640 And I haven't thought about David back in a minute. 0:16:28.840 --> 0:16:29.720 Who is he at? I don't. 0:16:29.760 --> 0:16:30.600 Yeah, he's got a bunch. 0:16:30.440 --> 0:16:32.840 Of David balaktu is in like in Italy. 0:16:32.880 --> 0:16:35.000 He just messaged me the other day congratulate me on 0:16:35.000 --> 0:16:38.520 my on my magazine cover, my my money magazine cover. 0:16:38.600 --> 0:16:41.840 I honestly, I've always really, really liked David Bach. There 0:16:41.840 --> 0:16:44.280 are a bunch broke millennial that's Aaron. 0:16:44.400 --> 0:16:46.640 She's awesome. Ramat obviously. 0:16:47.880 --> 0:16:49.520 Just bread sing from minority mind. 0:16:49.560 --> 0:16:51.480 You know we love to free just chrastic. 0:16:51.200 --> 0:16:54.760 Journey to launch the investing Tutor. I think that's doctor. 0:16:54.480 --> 0:17:00.600 Hans Popcorn Finance. Chris Browning runs Pipe Popcorn Finance. He's dope. 0:17:00.720 --> 0:17:00.960 Yes. 0:17:01.640 --> 0:17:04.159 Oh here it is Anna. Let me get like the 0:17:04.200 --> 0:17:04.840 harm Paine. 0:17:06.280 --> 0:17:08.719 Oh, there's also grow black girl. Is that her name Dasha? 0:17:08.840 --> 0:17:09.600 She's awesome? 0:17:11.320 --> 0:17:14.000 Oh Marcia Barnes Yes, from the Finance Bar. 0:17:14.160 --> 0:17:18.000 Yep, love Marcia. Oh obviously Sandy. Yes, I am cheap. 0:17:18.040 --> 0:17:23.360 She's awesome. She sused to have Tila also, I love 0:17:23.440 --> 0:17:25.600 Tila at the Ivy Investor. 0:17:25.640 --> 0:17:29.480 These are some investing folks. She's awesome of Courtney love it. 0:17:29.520 --> 0:17:32.480 So this is Anna nij Conti. She's a CFP. I 0:17:32.480 --> 0:17:34.560 hope I pronounced your name right. I'm sorry. I was 0:17:34.560 --> 0:17:36.440 just so excited to share you. So. She actually posted 0:17:36.480 --> 0:17:40.119 on Instagram this week a post from a former colleague. 0:17:40.160 --> 0:17:42.240 So she's a certified financial planner. She used to work 0:17:42.280 --> 0:17:44.679 for a big financial institution. And one of her white 0:17:44.720 --> 0:17:48.440 colleagues posted on Twitter just like not even in response 0:17:48.480 --> 0:17:51.160 to anything that she had done. She's she's gone since 0:17:51.200 --> 0:17:53.240 gone out on her own and started to build her 0:17:53.280 --> 0:17:56.160 brand as a financial educator. And he talks about I'm 0:17:56.160 --> 0:17:58.679 going to try and summarize. She took some screenshots of 0:17:58.720 --> 0:18:00.800 his post. And he's a CFP and he talks about 0:18:00.840 --> 0:18:03.840 how he was young, inexperienced, and his job asked him 0:18:03.840 --> 0:18:07.480 to train her in her job basically, and then what 0:18:07.520 --> 0:18:09.760 he says is, had I not been clouded by my 0:18:09.800 --> 0:18:12.520 own ambition, Anna and I never really connected and she 0:18:12.640 --> 0:18:15.240 left not long after that request was made. If you 0:18:15.280 --> 0:18:17.280 don't know Anna, you should know she's a black woman 0:18:17.320 --> 0:18:19.600 and I am clearly a white man. Not that I'm 0:18:19.640 --> 0:18:22.320 saying race was a direct factor, but there's no denying 0:18:22.320 --> 0:18:24.679 in my mind that our skin color played a subconscious 0:18:24.760 --> 0:18:28.440 role in my gender. My underqualified white ass being asked 0:18:28.480 --> 0:18:32.320 to teach an incredibly intelligent black woman anything. Looking back, 0:18:32.359 --> 0:18:34.320 I should have picked up on it then, but I didn't. 0:18:34.400 --> 0:18:36.800 So this is Anna and you should definitely follow her 0:18:36.840 --> 0:18:38.320 on Insta. 0:18:38.560 --> 0:18:40.360 Yes, Kelly will also. 0:18:40.119 --> 0:18:42.000 Watch to other list of all these kids, Yes, writch 0:18:42.000 --> 0:18:43.880 in regular that's another one too, And it's just such 0:18:43.880 --> 0:18:45.360 a you know, it's funny you say that because there's 0:18:45.400 --> 0:18:45.720 a woman. 0:18:45.800 --> 0:18:46.040 Now. 0:18:46.080 --> 0:18:47.960 I'm not going to give too much information away, but 0:18:48.240 --> 0:18:50.800 she's basically being pushed out of her corporate role, even 0:18:50.840 --> 0:18:54.960 though she is dynamic. And I was about to list 0:18:55.000 --> 0:18:56.400 some of the schools that she went to because she's 0:18:56.400 --> 0:18:58.000 got her master, she's got her bachelor's but I think 0:18:58.000 --> 0:19:00.680 I would give too much away. But I just heard 0:19:00.680 --> 0:19:03.439 through the grapevine through a friend and they were just 0:19:03.480 --> 0:19:06.320 sharing how like you know, and the company that she's 0:19:06.359 --> 0:19:10.040 being pushed out of is known for pushing black women 0:19:10.200 --> 0:19:12.760 out of high positions and power. I've known a handful 0:19:12.840 --> 0:19:14.960 of people that I know personally that have been pushed 0:19:14.960 --> 0:19:15.720 out once they got. 0:19:15.640 --> 0:19:17.520 To a certain earning amount. 0:19:17.880 --> 0:19:22.080 And so thankfully we were looking there's a role that's 0:19:22.119 --> 0:19:25.080 open in our company where we can pay her something 0:19:25.119 --> 0:19:27.359 not quite what she was making, but at least something comparable. 0:19:27.600 --> 0:19:29.679 So I'm hoping it'll be a fit. But it's just 0:19:29.800 --> 0:19:33.920 really it's exhausting, y'o. Like I don't think people understand, 0:19:33.960 --> 0:19:35.680 like if you are not black or brown and you're 0:19:35.720 --> 0:19:38.600 listening and you're hearing the like, cause they're like, I 0:19:38.640 --> 0:19:40.960 feel like black and brown people, we go from rais 0:19:41.119 --> 0:19:45.760 to exhaustion to just like a Because I just want 0:19:45.800 --> 0:19:48.719 you to for a minute, pretend that you were playing 0:19:48.720 --> 0:19:52.920 a game. Let's just say we were playing cards and 0:19:53.000 --> 0:19:55.159 someone says, these are the rules for cards, you know, 0:19:55.280 --> 0:19:57.000 like you just have to match the two cards up, 0:19:57.200 --> 0:19:58.560