Speaker 1: Yeah, it's been really nice. I would say, like we
Speaker 1: I officially left on Thursday, but it took me maybe
Speaker 1: until like yesterday to feel like I was on vacation.
Speaker 2: I was.
Speaker 1: I was a little tense. I was a little like
Speaker 1: still checking my work email. They were a couple of
Speaker 1: things that I left loosely tied up that just needed
Speaker 1: to be put you know, boson up to Sunday evening.
Speaker 1: And then we left Seattle and got to where we
Speaker 1: are now on the San Juan Islands and did some
Speaker 1: whale watching yesterday. And when I saw my first Orca whale,
Speaker 1: I was like in vacation mindset, go, no, that's awesome.
Speaker 2: The trip, oh my god. I did not even want
Speaker 2: to go on the teen trip because I like the
Speaker 2: same thing. There was so much work, and literally I
Speaker 2: was working all night welcome in the morning. I was
Speaker 2: working until like the uber.
Speaker 3: Came and finally I was like I did like the
Speaker 3: core of like what I had to have to do.
Speaker 3: There were still things, like, you know, little things outstanding,
Speaker 3: but I was like, honestly, I just want.
Speaker 2: To stay and finish it. I just but I ended
Speaker 2: up having the best time.
Speaker 3: I can't, I mean, with ten women when I say
Speaker 3: at a ten, it was a twenty with how much
Speaker 3: we got along.
Speaker 2: I mean, it definitely helped that we booked a house.
Speaker 3: The house that we booked was originally when we thought
Speaker 3: we were going to have fourteen people, so it was
Speaker 3: eleven bedrooms. Eleven people came, so basically everyone had their
Speaker 3: own bedrooms. So I'm sure that helped a lot. Yeah,
Speaker 3: but it was such a good time. Honestly, everyone is
Speaker 3: so dope and dynamic. It just was a really really
Speaker 3: good time. But like, I don't we could do like
Speaker 3: I know, you want to make this like a Q
Speaker 3: and A episode.
Speaker 1: No, I mean this is let's you catch me up,
Speaker 1: but I want to know about your VACA. I'm recording
Speaker 1: the people are doing this.
Speaker 3: It was honestly, it was it was everything that like
Speaker 3: we needed because we like, well, first of all, none
Speaker 3: of us had not none, but most of us had
Speaker 3: not met before, so it was very much like a
Speaker 3: reunion of like, hey person, I video chat and have
Speaker 3: phone calls with and slack with. So there was eleven
Speaker 3: of us plus Jabri, my business partner, so he was
Speaker 3: the only guy, and then there was we had a
Speaker 3: private chef and he was a guy too, So the
Speaker 3: house was beautiful. Our plans were the first night just
Speaker 3: to kind of hang out, eat and then watched Napoli
Speaker 3: Ever after.
Speaker 2: Have you seen that movie?
Speaker 1: I watched that. I watched about half of it a
Speaker 1: couple of nights ago.
Speaker 2: But go ahead.
Speaker 1: No, no, no, but no, no no, I think we're getting to
Speaker 1: the point now go ahead.
Speaker 2: Yeah. I definitely was like, what the hell?
Speaker 3: But you know what, for a group of women like
Speaker 3: having a slumber party, it was a great slumber party group.
Speaker 2: Like if I was I would have turned it off
Speaker 2: long ago.
Speaker 1: I wish. I wish I had ten black girlfriends with
Speaker 1: me when I was watching it too, because my husband
Speaker 1: was like, what is.
Speaker 2: Let me tell you your brother Feli he was story.
Speaker 3: We were like, can't help here was a story after
Speaker 3: like like twenty minutes. So that was the first day
Speaker 3: so that was funny. Plus the chef that his food
Speaker 3: was amazing, shout out to chef m.
Speaker 2: Todd.
Speaker 3: And the second day we just went to Universal Studios,
Speaker 3: which was a ton of fun, especially we got kid
Speaker 3: kids because it's so funny how adults all get tired
Speaker 3: at the same time.
Speaker 2: Because you should have seen we were walking toward riding
Speaker 2: five U tever.
Speaker 3: But it was like I'm over it, Like you know,
Speaker 3: we're a baby Supergirl and we're like five nor ride.
Speaker 2: I looked there but his face, I was like you
Speaker 2: want to go there? We're like yes, child, So but
Speaker 2: universal was like a ton of fun.
Speaker 3: And then that night we went to a comedy show
Speaker 3: and then the next day we did a spy like BarreR.
Speaker 2: Who is my executive Adamant.
Speaker 3: She and she and Tambor, who actually used to live
Speaker 3: Tamor is the manager of the academy.
Speaker 2: She used to live in Florida, so she helped her
Speaker 2: find a really great spy.
Speaker 3: Was beautiful like a Dracuzzie steam room, and we basically
Speaker 3: took it over so everyone got a massage and you
Speaker 3: got to pick whether you wanted a peicure or a manicure.
Speaker 3: And then we did team building activities. You know what
Speaker 3: we did and Yadale child to you, mama. She was like,
Speaker 3: tell Mandy, we finally did the this test.
Speaker 2: Oh you did, Mandy.
Speaker 1: It was every day can you guess what I am?
Speaker 2: I s what the hell? Yes?
Speaker 1: I bet your mama couldn't guess what you are?
Speaker 3: But I know, yeah, when we took it Mandy. It
Speaker 3: was so helpful, And yeah, it was so cute because
Speaker 3: yat Alice was like, tell Mandy.
Speaker 2: Because she listens like religiously to the podcast.
Speaker 3: Tell Mandy we finally did this test because she does
Speaker 3: it like at her job.
Speaker 2: I think, ya, I don't know she does HR, but
Speaker 2: she like does stuff like this for where her full
Speaker 2: time job where she works.
Speaker 3: And it was so helpful, Mandy, Oh my goodness, because
Speaker 3: I got to see there's something people you know, like,
Speaker 3: you're totally a D.
Speaker 2: So we don't know. Can you explain what the DISC
Speaker 2: test is again?
Speaker 1: Yeah, So a DISC test stands for it's D I,
Speaker 1: S C, and it's one of these personality tests. But
Speaker 1: DISC is a little bit different because it and the
Speaker 1: way that I've been taught about it is that it
Speaker 1: shows you what your work personality is, how you interact
Speaker 1: in the workplace. And I forget what all the letters
Speaker 1: stand for all the time, but I think, so, if
Speaker 1: you're high D, it means you have a more dominating personality.
Speaker 1: If your high I, you're more social. You like to
Speaker 1: interact with people, and S is a it's sort of
Speaker 1: your level of wanting to help others and be service
Speaker 1: in service of others and a C I think is caution.
Speaker 1: So this is people who think carefully before they make
Speaker 1: a decision. Yeah, and it's really so. I did this
Speaker 1: at my company and it's it's really cool because you
Speaker 1: get to sort of understand not just how you operate,
Speaker 1: but why that person over there is always chatty in
Speaker 1: the morning, how annoying they are. Help helps, you see.
Speaker 2: Because it was so crazy because I see now.
Speaker 3: I was like ooh, because like, for example, there people
Speaker 3: on the team that.
Speaker 2: They're like eyes, you know, were really social and chatty
Speaker 2: and I see that, like ooh, she's a D.
Speaker 3: So all of this like pre chatting that I've been doing,
Speaker 3: I know, shut up, let's get to the thing like that.
Speaker 2: So now I know. But it was so.
Speaker 3: Helpful because it's like like Yadlis did such a great
Speaker 3: She's the youngest of all the Unicorn Squad members and
Speaker 3: members of the team, and she did such a great
Speaker 3: job really explaining you know, like the different kind of
Speaker 3: like attributes that she gave us like a cheat sheet
Speaker 3: where it's like I can understand, like Jabrill, who my
Speaker 3: business partner, is a classic D. You know, get down
Speaker 3: to the money, get down to brass tacks, let's go,
Speaker 3: you know, and it's like, okay, so now understanding like
Speaker 3: what I love is it? We got to see like
Speaker 3: what stresses out a D or an I or c
Speaker 3: R S, what's helpful to them?
Speaker 2: How do they view success? It was just so helpful.
Speaker 3: And then one of my friends who used was wanted
Speaker 3: an Academy expert. She came just say she listens Florida,
Speaker 3: and she really just gave us some really great outside
Speaker 3: feedback of what she sees for the as the business,
Speaker 3: like you know, what are some of our things that
Speaker 3: we do really well? What are some of our areas
Speaker 3: of opportunities? Because she herself is a really amazing business woman.
Speaker 3: Her name is Dontec and she teaches folks who have
Speaker 3: ideas and how to transform them into like actual inventions
Speaker 3: that you could like sell a like Walmart, Target or whatever.
Speaker 3: So her feedback was amazing and we were like so
Speaker 3: many things that we didn't see that we were like
Speaker 3: I didn't from the outside. Seeing it from another business
Speaker 3: woman's eyes were just amazing.
Speaker 2: And then that night we took them out to Not Fancies. Man,
Speaker 2: did have you ever heard of Magiano? No?
Speaker 1: Oh, Magiana's Yeah, I had my I went. I went
Speaker 1: there for prom dinner, like my senior prom.
Speaker 2: Yeah, and it was like, so it's like family style.
Speaker 1: Right, yeah, delicious?
Speaker 3: I remember, Yes, it was so because we were gonna
Speaker 3: go on site, so we stayed at this place called Encore,
Speaker 3: which I had never really seen this before, but it's
Speaker 3: like it's a resort, but she looks like you're in
Speaker 3: a neighborhood because instead of like an apartment, like instead
Speaker 3: of like you know, like I guess a hotel room,
Speaker 3: it's like these are homes that you can rent and
Speaker 3: so all of the homes are like rented out to like,
Speaker 3: you know, vacationers. And so we stayed at one called Encore,
Speaker 3: and it was really nice except for like their We
Speaker 3: were gonna eat at their fancies, fancy restaurant on our
Speaker 3: last night.
Speaker 2: But once they saw what we looked.
Speaker 3: Like, they were like, yeah, there's no space really really
Speaker 3: because we just made the reservation.
Speaker 2: Wait what oh well we'll happen.
Speaker 3: Yes, we'll have to put you outside at nine flack
Speaker 3: at night. So we were like, yeah, actually we're good.
Speaker 3: So they'll be getting all the YELP revis because one
Speaker 3: thing I am when it comes to people treating me
Speaker 3: poor me in service and I am I am social
Speaker 3: media petty. I will write you up on every platform.
Speaker 3: Out They're like, yeah, so if you're black, might want
Speaker 3: to watch out.
Speaker 1: I don't get it. You guys had a reservation and
Speaker 1: they didn't give you a table.
Speaker 3: But yeah, they were just like because of the team
Speaker 3: was like, oh, they wanted to go for a walk.
Speaker 3: They said, well, let's walk by the restaurant and see
Speaker 3: how it looks. We walked by and they she said,
Speaker 3: everyone has stopped and was looking like wait, who were
Speaker 3: these groups of like.
Speaker 2: Black women and brown women?
Speaker 3: And you know, they just went like, oh, we just
Speaker 3: want to see the restaurant because we've been in a reservation.
Speaker 3: And they were like, oh, we're really we're booked and
Speaker 3: she's like really because we booked online and it's not
Speaker 3: booked and secondly, we've already booked a reservation. Oh well,
Speaker 3: we're not really gonna have space, but we can definitely
Speaker 3: put you outside, I mean outside in Florida at.
Speaker 2: Nine, so we could be eating up by mosquitoes.
Speaker 3: So we ended up thankfully finding you know the Maggi
Speaker 3: Magiano Maiano. Yeah, yeah, we ended up finding that Mestra
Speaker 3: and it's like an Italian family style, so they were
Speaker 3: just as loud, which was awesome. So we had a
Speaker 3: really good time there. Honestly, Maddie, it was like I
Speaker 3: never realized how important like team building and things were.
Speaker 3: Like we were already good, but it just put everyone
Speaker 3: in a state of like just greater understanding of.
Speaker 2: Like what our roles are, what we're working toward.
Speaker 3: Everyone came back so refreshed, and so the team so Jabrill.
Speaker 3: It was his idea, and we paid for everything by
Speaker 3: setting aside two percent of our of our gross income
Speaker 3: from the beginning of We started saving in January and February,
Speaker 3: and then when we got enough money saved, we paid
Speaker 3: for flight, we got more, we paid for the house,
Speaker 3: we got more, and so slowly but surely we paid
Speaker 3: for it that way, and it just made it easier
Speaker 3: than paying some lump sum and figuring out where's the
Speaker 3: money come from. So yeah, I encourage anyone who has
Speaker 3: a digital team to plan something like that, And even
Speaker 3: if you can't do it in the first year, you
Speaker 3: might save for two years to be able to do something.
Speaker 3: And I'm telling you groupon as your friend, because that's
Speaker 3: where you used a lot like it doesn't have to
Speaker 3: cost it.
Speaker 2: It can cost as much or as little as you
Speaker 2: as you wanted to cost. But it was an awesome time.
Speaker 1: I actually used a group on on our We did
Speaker 1: a whale watching tour yesterday and I didn't really I haven't,
Speaker 1: Like I said, I haven't planned. We planned like nothing
Speaker 1: for this trip. So we got to the ferry to
Speaker 1: come to the island and then I pulled up group
Speaker 1: on to see like what well watching tours were available,
Speaker 1: and then a lot of these tours, like if you're
Speaker 1: trying to plan last minute on groupon, they have a
Speaker 1: they tell you you can't use it for seventy two hours.
Speaker 1: And I was like, oh crap, but I call one
Speaker 1: of the places, one of the I tried to find
Speaker 1: the one that was highly most highly rated, and I
Speaker 1: called them and I told him I wanted a group
Speaker 1: on one of the group on deal and they were like, okay, well,
Speaker 1: we'll honor the price over the phone because of you know,
Speaker 1: the seventy two hour rule, which I thought was really
Speaker 1: nice of them. So we ended up saving like one
Speaker 1: hundred bucks on our.
Speaker 2: Wow, that's awesome.
Speaker 1: On our whale tour and we saw so many whales
Speaker 1: it was awesome.
Speaker 2: Going on a whalel tour and not seeing well, I've
Speaker 2: definitely done that and I've been like.
Speaker 1: So it was whales guaranteed. They said if we didn't
Speaker 1: see any whales, and I would, I got my receipt.
Speaker 1: I was like, if I don't see a whale, don't
Speaker 1: coming back tomorrow.
Speaker 2: Whales guarantee. Well, I don't want to San Diego.
Speaker 3: And the whales didn't show up, but there were so
Speaker 3: many dolphins and they were awesome, so I was I.
Speaker 1: Was, okay, yeah, there were we came. We came in
Speaker 1: a good time because it's like the end of the
Speaker 1: summer season, but it's still whale time. So there were
Speaker 1: humpbacks and Orca whales and some sea lions and it
Speaker 1: was it was cool. I do kind of feel like
Speaker 1: low key I'm like in the beginning of the movie
Speaker 1: get Out because I think we were the only brown
Speaker 1: people on this I think we are the only brown
Speaker 1: people on this island right now. It's very weird. I mean,
Speaker 1: it's not weird if I mean you whatever. I grew
Speaker 1: up in white neighborhoods and you know whatever, but definitely
Speaker 1: definitely no, no, no people of color.
Speaker 2: I don't know.
Speaker 1: I guess they don't come here. Maybe that's maybe Oprah
Speaker 1: is going to start the trend. I don't know where
Speaker 1: are you guys are come to stand Watt Islands.
Speaker 2: They need us No, but it sounds good. Have you.
Speaker 3: I feel like I haven't seen any You're You've been
Speaker 3: like really good. Not too much social media because I
Speaker 3: haven't seen any pictures posted.
Speaker 1: I did finally post some whale videos. You know. I
Speaker 1: had to do the Free Willy soundtrack that Michael Jackson
Speaker 1: song Dude, I'll think that I'll spare you anyway. That
Speaker 1: was the first movie I saw in theaters Free Willie.
Speaker 1: Shout out to six year old Mandy. I was really
Speaker 1: afraid they make that whale on the big screen. Those
Speaker 1: whales are huge. They're so big, and we got lucky
Speaker 1: because they like surrounded our boat. I guess they we
Speaker 1: can't see what's happening, but they were like eating a
Speaker 1: seal or something. They got really excited and they were
Speaker 1: just having the buffet lunch around our boat and they
Speaker 1: were just like going in and out of the water
Speaker 1: and their tails were up and it was it was
Speaker 1: crazy because you can't plan it. So yeah, it's been
Speaker 1: really nice. But now I feel like, Okay, we did
Speaker 1: a nice hike today and I'm relaxing. But I was telling,
Speaker 1: you know, me being off work right now, and we
Speaker 1: are right by a sea airport, so if you hear
Speaker 1: some you know entries in the background, that's probably a seaplane. No,
Speaker 1: but being away from work, I had to it probably
Speaker 1: took me all of the last two weeks to prepare
Speaker 1: for being gone for a week. And I in the
Speaker 1: back of my mind, I'm like, I'm really glad that
Speaker 1: I'm leaving now, because one, it's a terrible time to leave.
Speaker 1: Like two, I feel like it's also a stress test.
Speaker 1: Can I leave and things are fine? And if the
Speaker 1: answer is no, that's bad. Like it's not like I
Speaker 1: feel like i've in the past thought okay, well, you know,
Speaker 1: if it's good for people to need me to be there,
Speaker 1: I need to be there to do this and do that.
Speaker 1: But it's not good if you know, if I were
Speaker 1: to leave, or Tiffany you were to leave, and budget
Speaker 1: nest would fall apart, or you know, my team falls apart.
Speaker 1: And I really had to like force myself to shove
Speaker 1: things off my plate and just fill everyone's plate around me.
Speaker 1: And I feel like this is the first time I've
Speaker 1: ever had to do that, and it was really freaking hard.
Speaker 1: Took me like two weeks to get ready. But I
Speaker 1: think the next time and the next time I want
Speaker 1: to take time off, it's going to get easier and easier.
Speaker 1: And then when I need to take maternity leave, you know,
Speaker 1: I'm going to need to be able to do this.
Speaker 1: So it's a good practice for me.
Speaker 3: Yes, yeah, it's a crazy that we both kind of
Speaker 3: went away at the same time, but you're right, and
Speaker 3: it was a testament too, like I couldn't have I
Speaker 3: couldn't have done this maybe like a year or so ago,
Speaker 3: because I just was doing too much right because sometimes
Speaker 3: you make yourself like I was the bottleneck, like things
Speaker 3: had to everything had to flow through me every day,
Speaker 3: you know, and I thought that I was like, you know,
Speaker 3: this is I'm being a good boss or I'm being
Speaker 3: a good business owner.
Speaker 2: But I was holding things.
Speaker 3: Up because if I didn't check off on things, they
Speaker 3: it just stopped at me.
Speaker 2: So I finally took myself out of a lot.
Speaker 3: Of like the movement of the company and allowed people
Speaker 3: to make decisions, you know, because I realized that like
Speaker 3: some of it was like I didn't trust people to
Speaker 3: make the right choices. So I was like, no, that
Speaker 3: we have to get the right people, and so now
Speaker 3: we've got amazing people and things don't have to flow
Speaker 3: through me. I just trusted the don't make the right choices,
Speaker 3: and even if they don't, they know that I'm here
Speaker 3: for challenges and I'm here for mistakes because that's the
Speaker 3: way that you learn.
Speaker 2: And it's okay. As long as you My rule is
Speaker 2: as long as you don't kill anybody, we're good.
Speaker 3: They go like, literally, I'm like when someone says, oh,
Speaker 3: my gods, should be that new thing that I said
Speaker 3: I was gonna try on Facebook or whatever, it didn't work,
Speaker 3: and I'm like, well, how many.
Speaker 2: People died and they don't.
Speaker 3: I'm like, well, girl, it's okay, it's okay.
Speaker 2: Hey.
Speaker 3: Yeah, So I'm excited to answer some question on you
Speaker 3: guys are getting go getting better and better asking really
Speaker 3: to a question, so bring them on mandra Where can.
Speaker 2: I ask questions?
Speaker 1: You can go to a brandabission podcast dot com and
Speaker 1: click ask us anything at the top too, drop us
Speaker 1: a question, or you can email us directly at Brondambis
Speaker 1: podcast at gmail dot com. While you're at it, follow
Speaker 1: us on Instagram at Brown Ambition Podcast or on Twitter
Speaker 1: at the BA Podcast.
Speaker 2: Yes, tweetus.
Speaker 3: We haven't read your tweets in your your IG's in
Speaker 3: a little bit, but we will. We're going to get
Speaker 3: back to that, so you don't want to miss out.
Speaker 1: So we have some really good questions in the inbox today.
Speaker 1: I would love to start with UH. Listener Lashonte Leschante
Speaker 1: says I recently started listening to the podcast and in
Speaker 1: one you both mentioned Ally when talking about saving for
Speaker 1: a down payment on your homes. My husband and I
Speaker 1: are planning on saving eighty thousand dollars for a twenty
Speaker 1: percent down payment on a home. Currently, we have fourteen
Speaker 1: thousand saved in a regular savings account, which yields four
Speaker 1: to five cents worth of interest per month. Oh girl,
Speaker 1: So my question is will Ally be beneficial for building
Speaker 1: more interest and how has your experience with Ally ben background.
Speaker 1: We plan to have the money by October twenty nineteen
Speaker 1: and we're saving about fifty seven hundred dollars a month.
Speaker 1: Easy question. Get your money out of that bank right away,
Speaker 1: and it doesn't have to be Ally, but just an
Speaker 1: online savings account. There's a bunch out there, but Ally
Speaker 1: is one of them that has a really good yield.
Speaker 1: We both have used Ally and are happy with it, right,
Speaker 1: m Do you.
Speaker 3: Think that, like, if she, let's just say she's not
Speaker 3: gonna need the money for six months, do you think
Speaker 3: that maybe like even exploring a CD for like the
Speaker 3: money that she does have saved so it can air
Speaker 3: even more interest.
Speaker 1: Yeah, for sure. I mean what these online banks, the
Speaker 1: same ones that we would recommend you go to for
Speaker 1: like a checking account, typically have really good CD yields
Speaker 1: as well. And if you're really not planning on buying
Speaker 1: a house until October next year, you could easily put
Speaker 1: your money into a twelve month CD and then when
Speaker 1: it matures next year, you will have earned more. The
Speaker 1: thing is like, when you're saving, like right now, she
Speaker 1: has fourteen thousand dollars, So what you could do is
Speaker 1: take that fourteen thousand and I'm assuming this is just
Speaker 1: your down payment money and that you have a little
Speaker 1: bit of savings on the side for like emergencies. But
Speaker 1: let's assume this fourteen gesu is just house money. You
Speaker 1: could just put that money into a CD, a high
Speaker 1: yield CD that's twelve months and that'll mature next what
Speaker 1: is it now, October? Next early October, and then the
Speaker 1: money that you're saving month to month, open up a
Speaker 1: high yield savings account with the same bank or a
Speaker 1: different bank, and just every month put the money in there.
Speaker 2: Because now that's what I.
Speaker 3: Was thinking, because I'm like, well, I think right now, ally,
Speaker 3: I feel like I saw that their cd rabels like
Speaker 3: two point one percent and I think they're savings account. Wait,
Speaker 3: it's like one point eight seven or one point eight
Speaker 3: five something like that. So yeah, I think that's the
Speaker 3: that's the best course of action. If you're not touching
Speaker 3: your money for a while, lock it away to the CD.
Speaker 3: And I think they even I feel like I saw
Speaker 3: because I logged in today that they even have a
Speaker 3: no punishment CD where you had to take your money
Speaker 3: out that you know, because normally you have to pay
Speaker 3: like a fee if you take your money out early.
Speaker 3: So but yeah, I mean, I you know, start with
Speaker 3: the ally, but honestly too, Like that's why I love
Speaker 3: sites like Magnified Money, because you can you can It's
Speaker 3: like the Trip Advisor of finance.
Speaker 1: You know, you can thank you for the same probo.
Speaker 2: Where you can kind of compare.
Speaker 3: I mean, I still, honestly I still use magnified money
Speaker 3: where you can go and kind of compare the sea. Well,
Speaker 3: what other CDs are out there, what other bank accounts
Speaker 3: are out there? But yes, Mandy and I do definitely
Speaker 3: like ally, but they're not the only ones out there.
Speaker 1: Yeah, I think my little brother has the Marcus or
Speaker 1: no as Marcus. Yeah, Goldman Sachs has an account called Marcus.
Speaker 1: There's Charles Schwab has a high yeal checking Synchrony Bank.
Speaker 1: Because hy old checking, you can even check your local
Speaker 1: credit unions. But for sure, you need to get that
Speaker 1: money out of that out of that little I'm guessing
Speaker 1: that's like a point one percent interest account. That's yikes. Yeah,
Speaker 1: get it out of there. You have a year, put
Speaker 1: it away in hy old savings, and you'll be at
Speaker 1: least you'll make a little bit of money on the
Speaker 1: money that you're saving.
Speaker 2: Exactly.
Speaker 1: Awesome. Thanks for your question.
Speaker 2: Next question, tell me the words. I'm never going to
Speaker 2: the words.
Speaker 1: I mean, that was some of them, So that's good.
Speaker 1: A few words is better than done. All right, So
Speaker 1: this is OH, here's from Oh. This is a question
Speaker 1: from a teacher. I think teachers have four oh and
Speaker 1: three four O three B savings? Right?
Speaker 2: Okay?
Speaker 1: Typically this comes from listener ready to roll over? Love it?
Speaker 1: She says, I want to remain anonymous. I recently got
Speaker 1: a new job, and they match up to six percent
Speaker 1: of my contributions to my four O three B. I
Speaker 1: want to roll over about thirty thousand dollars from an
Speaker 1: old TIAA bank for a three B to the my
Speaker 1: new four or three B at my new job. Both
Speaker 1: of these employers are universities. Oh yeah, okay, so she
Speaker 1: is a teacher. Will they match the thirty thousand dollars
Speaker 1: I roll over or will they only match what I
Speaker 1: contribute through the payroll deduction? That's part one of question.
Speaker 1: I'll stop there. You wish, sorry.
Speaker 2: We would all be working at your place.
Speaker 1: That would be a nice incentive.
Speaker 3: I know they will not mask that. It's only what
Speaker 3: you say from working with them. So that's one and two.
Speaker 3: Maybe I mean I'm almost positively like. You can't really
Speaker 3: roll over to another you have to Typically you have
Speaker 3: to roll over to an outside source, not to like.
Speaker 2: I don't know if for.
Speaker 3: Three b's are different, but that's when outside not for
Speaker 3: the to your current jobs four one K or retirement plan,
Speaker 3: meaning like I worked.
Speaker 2: At Target, now I'm working on Lawmart.
Speaker 3: But my Target money can't go to my Walmart retirement account. Instead,
Speaker 3: I have to open up an outside independent retirement house,
Speaker 3: and all of my any company that w was outside
Speaker 3: of that, I can roll over to this outside independent account.
Speaker 3: I don't know if it's different be four and three
Speaker 3: b's or what company they use, is they'll take it,
Speaker 3: but I'm almost positive you typically can't go. You can't
Speaker 3: take like one company's money and give it to another company.
Speaker 1: No, you can, though, because I've done that. I've switched jobs. Yeah,
Speaker 1: I've switched from Business Insider to Yahoo. I did a
Speaker 1: rollover and we had a td ameri trade. I remember
Speaker 1: I had a td Ameritrade four oh one K when
Speaker 1: I was at Business Insider, and then I switched to
Speaker 1: Yahoo and I rolled over my little my little money
Speaker 1: that I had saved up, my little coins over into
Speaker 1: the Vanguard, the Vanguard account. And I don't remember exactly,
Speaker 1: I definitely know I could. Whether or not I had
Speaker 1: to open up a separate IRA outside of my Yahoo money,
Speaker 1: I don't remember, but I do know. Most recently, when
Speaker 1: Magnify money was acquired our new parent company. I was
Speaker 1: able to roll over the money I had saved in
Speaker 1: my Magnified money for a one K into the new
Speaker 1: parent companies four A one K, which was a different
Speaker 1: We went from ubiquity. Yeah, we went from ubiquity to
Speaker 1: principal retirement and I was able to. So yeah, you're
Speaker 1: able to. Definitely, Definitely you don't have to do, you know,
Speaker 1: if you wanted to, Like that's that's the next part
Speaker 1: of her question is we can talk about do you
Speaker 1: should you you know, do you have to roll over
Speaker 1: to your employers for a one K or four oh
Speaker 1: three B? She says her next question is should I
Speaker 1: automatically roll over my old four three B into the
Speaker 1: new four or three B? Or should I compare the performance? First,
Speaker 1: I'm worried that my old four oh three B might
Speaker 1: outperform my employers for oh three B. So that kind
Speaker 1: of gets to the question do you have to roll
Speaker 1: over into your new employer's retirement account. You don't have to.
Speaker 1: You could do a Tiffany talked about, which is just
Speaker 1: open your own outside I ray and roll the money
Speaker 1: over into that account. And what you the only reason
Speaker 1: you want to do. That is maybe if one you're
Speaker 1: not getting a match, or two if you just don't
Speaker 1: like the the investment options that you have at your
Speaker 1: new employer, spank.
Speaker 3: Sometimes people will tell you because it depends, like sometimes
Speaker 3: let's just say you hop from place to place too,
Speaker 3: if you like, keeping track of multiple accounts can be difficult.
Speaker 3: That's typically why people tell you to roll over so
Speaker 3: that way you don't have to, like, you know, let's
Speaker 3: just say five years from now, you work for another
Speaker 3: university and now you have three three retirement accounts, so
Speaker 3: combining them can can just be for ease of use
Speaker 3: to to make sure. But I mean, I guess the
Speaker 3: assumption I'm not sure where she has her money. But
Speaker 3: let's just say, like you put like a target date fund,
Speaker 3: like I'm going to retire at sixty five, and then
Speaker 3: your money is like allocated in such a way that
Speaker 3: it's going to balance itself that every year with the
Speaker 3: target date of having a certain amount of money in
Speaker 3: your retirement account by sixty five. So I don't know,
Speaker 3: I never thought about that because I always just so
Speaker 3: you know what, I'm going to take my account with
Speaker 3: me because my worry is, like even today Superman said,
Speaker 3: it's not even to happen to you.
Speaker 2: What would I do about your companies? So having them
Speaker 2: in one space to make it easy for should something happen,
Speaker 2: to make.
Speaker 3: It easy for myself to figure out where my money is,
Speaker 3: and make it easy for the people that are my
Speaker 3: my beneficiary to figure out where the money is.
Speaker 2: So I mean, but it's up to you, though you
Speaker 2: don't you don't have to roll it over. But like
Speaker 2: I also don't think it's necessarily a good idea to
Speaker 2: have a ton of accounts floating out there.
Speaker 1: Yeah, I mean, unless you're going to write them down
Speaker 1: and remember them. I tend I've been rolling mine over.
Speaker 1: But I would say, certainly you can do whatever you
Speaker 1: want with your old account. I mean, you have the
Speaker 1: money there. They're not going to match it if you
Speaker 1: roll it over. So you could roll it into a
Speaker 1: you know, an outside retirement fund at a different bank
Speaker 1: if you want it with better investment options, and that
Speaker 1: maybe you know, if you think you're going to hop
Speaker 1: around at future, you know, from job to job in
Speaker 1: the future, you might just want to have it in
Speaker 1: one place. But definitely everything that you're investing moving forward,
Speaker 1: go ahead and put it in your employer's account, because
Speaker 1: six percent matching is pretty dope.
Speaker 2: What it is? Pretty dope. That's a really good matching program.
Speaker 1: Yeah, take advantage for sure.
Speaker 2: Question how we gonna I don't know, just next question.
Speaker 1: I mean, if you keep trying. I don't know if
Speaker 1: you've like done research, but it's not gonna get better
Speaker 1: until you look up the lyrics.
Speaker 2: I'm gonna listen to the YouTube.
Speaker 3: I'm gonna watch it, and I'm gonna at least get
Speaker 3: the dish like this this thing called rap Genius, I
Speaker 3: think it's called or whatever, but you can get the lyrics,
Speaker 3: and so I am going to I'm gonna I'm gonna
Speaker 3: have some at least the first line, at least that
Speaker 3: first line.
Speaker 1: Yeah, okay, next time, all right, Another anonymous question. So
Speaker 1: this comes from listener, Oh anonymous anonymous, let's call her
Speaker 1: debt Diva. She says, I'm a recent college graduate. I
Speaker 1: have been so reckless with my credit cards in college.
Speaker 1: I think I got too excited when I turn eighteen
Speaker 1: and wrongly believed in unlimited money. I now owe a
Speaker 1: lot of money in credit card debt and student loans,
Speaker 1: about seventeen thousand dollars in consumer debt and twenty five
Speaker 1: thousand dollars in student loans. I freeze my credit account
Speaker 1: and I'm working to pay off my debt. I have
Speaker 1: a job, but I only make thirty five thousand dollars
Speaker 1: per year, and I feel like most of my money
Speaker 1: is going to bills. I am just exhausted from paying
Speaker 1: all this amount, and I honestly have learned my lesson.
Speaker 1: I've thought about filing for bankruptcy, but I believe that
Speaker 1: this much debt is not worth filing bankruptcy over. Please
Speaker 1: please help me. Do you have any tips on how
Speaker 1: I can pay off this debt? That's a lot of
Speaker 1: consumer It's like credit card debt seventeen thousand dollars, a
Speaker 1: student loan debt twenty five thousand dollars. I'm not like
Speaker 1: afraid by That's normal ish, that's doable. You know, you're young,
Speaker 1: you have years to pay it off.
Speaker 3: You will.
Speaker 1: But seventeen g's and credit card debt, and if that's
Speaker 1: interest accrewing every month, I mean, that's not a good book.
Speaker 2: And I'm gonna lie. I was one point thirty five
Speaker 2: thousand dollars in credit card dad, So.
Speaker 1: I'm like, okay, look at that now.
Speaker 3: So I'll tell you what I did to get rid
Speaker 3: of the the thirty five thousand dollars in credit card
Speaker 3: dad were one.
Speaker 2: I had to put the cards down because I was
Speaker 2: still digging, so I was still swiping. I was in
Speaker 2: a ditch and I was still digging. So my shovel
Speaker 2: was my credit card.
Speaker 3: So I literally I was like, I literally remember looking
Speaker 3: in the mirror and doing the jersey clap like Tiffany,
Speaker 3: you know, that's like the pisted off jersey girl clap.
Speaker 2: And I was like, honestly, what are we doing? Put
Speaker 2: the card down? And so I put it down.
Speaker 3: I either cut it up or hit it for myself,
Speaker 3: and I said, okay, so at least, now moving forward,
Speaker 3: we're not adding on to.
Speaker 2: The debt that you have. So that was one.
Speaker 3: And then too I looked and like, I can't remember.
Speaker 3: I feel like my credit score wasn't wasn't terrible at
Speaker 3: that time.
Speaker 2: So what I did do is I at least with
Speaker 2: I don't know how.
Speaker 3: Much it was, maybe with like five or six thousand
Speaker 3: dollars of the debt I was able to roll over
Speaker 3: to a balance transfer. I actually went to act my money,
Speaker 3: found a car and a balance transfer card and transferred
Speaker 3: over as much as they would allow, like I think
Speaker 3: it was like five or six thousand.
Speaker 2: So I transferred that over.
Speaker 3: And I started the Snowball method of paying down the
Speaker 3: debt systematically because that help, and I automated it, and
Speaker 3: so every month I would look at it.
Speaker 2: But I was just automating. So if you don't know,
Speaker 2: just google the snowball method.
Speaker 3: But a balanced transfer paying down the debt automatically, and
Speaker 3: you know, it really helped me. Any that were like
Speaker 3: kind of helped to the turbo boost it. I did
Speaker 3: this thing called unexpected money, and I call it you
Speaker 3: U whim. So what unexpected money is any money that
Speaker 3: I got that wasn't from like my normal pay so
Speaker 3: that like, so my sister at least that pays me
Speaker 3: back twenty bucks, she owes me. Who knew because least
Speaker 3: don't pay back, you know, or like Grandma gives you,
Speaker 3: you know, fifty bucks for your birthday or Christmas or whatever,
Speaker 3: so money that's outside of your normal income. Or even better,
Speaker 3: let's just say you're at Target and you're you're buying
Speaker 3: a dress and it's twenty five dollars and they were like, oh,
Speaker 3: it's you know, fifty percent off, so it's you know,
Speaker 3: twelve dollars twelve fifty or whatever. So that extra twelve
Speaker 3: fifty that you were going to spend anyway, or your
Speaker 3: friend treats you to brunch and you were expecting to
Speaker 3: pay thirty dollars, that thirty dollars that you were going
Speaker 3: to spend. From my phone, I used to transfer that money,
Speaker 3: that unexpected money, directly to whatever debt I was working.
Speaker 2: On, because with the snowball men, you really focused on one.
Speaker 3: Card at a time, so I could like transfer, like
Speaker 3: in a month, I might transfer an extra one hundred
Speaker 3: and fifty two hundred dollars from my sister Lisa and grandma,
Speaker 3: you know, the target dress was on sale. My friend
Speaker 3: treated me to lunch even though I was going to pay,
Speaker 3: and that really helped to pay down that debt so
Speaker 3: much faster. So I think that's what I did. And
Speaker 3: it took me about two and a half years to
Speaker 3: pay down to thirty five thousand dollars worth of debt.
Speaker 3: But when it was gone, you know I could, I
Speaker 3: could have wept tears of joy, but and it wasn't easy,
Speaker 3: but it was so worth it. Now since then I
Speaker 3: have not had because before that I never had credit
Speaker 3: card debt goal for the month and a month, and
Speaker 3: now I stopped.
Speaker 2: That was maybe three or four years ago, I guess,
Speaker 2: And so I don't like. I pay off my.
Speaker 3: Credit card debt every single month in full since then.
Speaker 3: And so so it's possible despite having own a lot.
Speaker 2: It's just about creating a system. If you can automate it,
Speaker 2: that's even better, and sticking to it.
Speaker 3: And you know, and like I said, doing that little
Speaker 3: sheet sheet of unexpected money that helps too, for sure.
Speaker 2: So good luck to you, Anonymous.
Speaker 1: Thank you for your question. We called her dead diva diva. Ooh,
Speaker 1: we got another question. I love a good awkward family
Speaker 1: situation finance question. So let's say this person's name is
Speaker 1: Furniture Freeda. Okay, Furniture Freeda says, I recently purchased a
Speaker 1: house and for my birthday, my mother wanted to give
Speaker 1: me either a dining set or a living room set
Speaker 1: for the house. I was avoiding her doing this, but
Speaker 1: she insisted that we went to the store picked that
Speaker 1: we've wanted, and when we got to the register, they
Speaker 1: of course asked if we had a store card, which
Speaker 1: we didn't. They mentioned getting ten per off if we applied.
Speaker 1: My mom doesn't have the best credit, so she insisted
Speaker 1: that I apply to get the ten percent off and
Speaker 1: just say and I applied to get the ten percent
Speaker 1: off and she would pay for the card. I was
Speaker 1: really taken aback with this because I thought she had
Speaker 1: the cash to buy the stuff. But against my better judgment,
Speaker 1: I got the card. We all know this is going
Speaker 1: She gave me three hundred bucks the next day, but
Speaker 1: still has fourteen hundred dollars to pay.
Speaker 2: Oh my god.
Speaker 1: We got into a fight a few days after this,
Speaker 1: and I decided not to have her pay the rest.
Speaker 1: She told me not to tell my husband about the
Speaker 1: store cards, so I never did. Now I have to
Speaker 1: tell my husband about the store card because I can't
Speaker 1: sneak away and pay fourteen hundred dollars without him knowing.
Speaker 1: So I guess the question is, what do you think?
Speaker 1: The interest rate on the card is like twenty four
Speaker 1: point nine to nine percent, So basically, if we don't
Speaker 1: pay it off, we will end up paying more in
Speaker 1: interest than the ten percent is worth.
Speaker 2: Yeah.
Speaker 1: I hope this happened like yesterday because if I don't
Speaker 1: know when they got this email. But oh god, okay,
Speaker 1: she says, but we also have a very tight budget
Speaker 1: and have a Low's card to pay off by the
Speaker 1: end of November. So she's got fourteen hundred dollars on
Speaker 1: a twenty five percent APR card. She has gotten up
Speaker 1: by with her mother, and she let her ego get
Speaker 1: in the way a little bit and said, I don't
Speaker 1: want your money.
Speaker 2: Those of you listening, this is why I say store
Speaker 2: a card to the devil.
Speaker 1: The devil, the devil, wow, I mean.
Speaker 3: Because twenty four percent, that means about every dollar that
Speaker 3: you give them. They take a corner out and say,
Speaker 3: for me, it's crazy, like that's a loan shark rate,
Speaker 3: you know. And so yeah, if it's soon, I would
Speaker 3: turn that dag on furniture or you put your money
Speaker 3: mother back on that payment plany.
Speaker 2: I mean, you're gonna have tell you how annemies And
Speaker 2: that's a lot of money with gardens.
Speaker 1: And but the thing is like, if if her mother
Speaker 1: didn't have the money that day to pay off the card,
Speaker 1: she never should have applied for it, because you're always
Speaker 1: gonna walk away spending more than you would have saved
Speaker 1: with a ten percent like the first month that you
Speaker 1: let the balance stay on the card like that should
Speaker 1: never have happened. That's that's what people don't compute. They think, oh,
Speaker 1: I'm gonna save something, but unless you have the cash
Speaker 1: right away, then that's not a deal. That's like a
Speaker 1: death sentence.
Speaker 2: Yeah.
Speaker 3: Yeah, and know this for people listening, that it's not
Speaker 3: a gift if there's payments happening. He did like when
Speaker 3: someone says, oh, like like I remember one year, my
Speaker 3: dad got my mom a car, but he went to
Speaker 3: the auction and he saved that he bought a cash
Speaker 3: if he would have gotten her car, and then there's payments,
Speaker 3: It's like, that's not really a gift. But you know
Speaker 3: when I hear to make you feel bad, furniture freeda
Speaker 3: because we are all made mistake.
Speaker 2: Lord, no, I still make mistakes. I feel like furniture freeda.
Speaker 3: This is just a good lesson, like moving forward, that
Speaker 3: having a rule, because there's nothing worse than kind of
Speaker 3: like not telling your boots.
Speaker 2: Something and you're like, oh, it doesn't matter, and then
Speaker 2: it becomes everything. You're like, dag, we've all.
Speaker 3: Been there, but right, so there should be like a
Speaker 3: basic rule where it's maybe like anything over one hundred
Speaker 3: dollars or both of you have to discuss it. And
Speaker 3: so that way there's no surprises like this. But it's
Speaker 3: up to you to decide what that rule is. But
Speaker 3: that way too, when something like this happens, you have
Speaker 3: a rule of stuff to be like, hey Ma, you know,
Speaker 3: I think this is great, but I have to call
Speaker 3: I gotta call you know, a husband, because you know,
Speaker 3: he and I have this rule that we both honor
Speaker 3: than anything over this amount of money. We don't make
Speaker 3: financial choices, I mean like barring like clothes for the kids,
Speaker 3: or like groceries.
Speaker 2: Or something like that.
Speaker 3: But we don't make like outside kind of like financial
Speaker 3: choices over this amount of money without letting each other know.
Speaker 3: Because sometimes just that pause would have made you say,
Speaker 3: wait a minute, this doesn't make sense. Although I appreciate
Speaker 3: to give my let's look for something else.
Speaker 1: I love that one hundred dollars rule. I wish that
Speaker 1: we could I could say that we have a rule
Speaker 1: like that that we follow. We definitely have all of
Speaker 1: our accounts link though, and we see when when charges
Speaker 1: are on the card, and we have conversations about it
Speaker 1: after the fact. But I think at least having transparency.
Speaker 1: Transparency is key because then it's not possible for one
Speaker 1: of us to do something behind the other person's back.
Speaker 1: Not that we would, but it just helps us both,
Speaker 1: you know, feel more comfortable that way.
Speaker 3: I know couples that actually have one the get notifications
Speaker 3: to their phone if you spend.
Speaker 2: Over a certain amount.
Speaker 1: I definitely do that for myself. I don't do it
Speaker 1: for his card because I feel like that's a little
Speaker 1: big brotherish, but for my own personal card, I do that.
Speaker 1: And we have all of our link accounts anytime we
Speaker 1: can go into our little dashboard and see I mean
Speaker 1: right now with the house though, it's just all crazy,
Speaker 1: it's all insane. I don't know, like, you know, we
Speaker 1: just got our estimate for our countertops today and nothing
Speaker 1: is nothing is normal any more.
Speaker 2: Hundred dollars. I wish, I wish. I God, you know,
Speaker 2: I've been the throat.
Speaker 3: We haven't even really started to get busy with it,
Speaker 3: but like we just started the basic demo and I'm
Speaker 3: definitely like, oh my gosh, I.
Speaker 2: Know it's gonna be like wait what, But you said
Speaker 2: wait what.
Speaker 1: Pipe so I'm like, oh, do you know our teeny
Speaker 1: tiny our teeny tiny house I was like, do you
Speaker 1: know how much the countertops estimate was that we got
Speaker 1: for the like the normal price. It's like five thousand
Speaker 1: dollars for whose kitchen? This is a teeny tiny kitchen.
Speaker 1: I can't believe it anyway, Quarts, because I thought that was,
Speaker 1: you know, the good, the good, low cost alternative to
Speaker 1: Marble or whatever. Man, I'm getting my vacation vibes out
Speaker 1: of whack now thinking about these Courts countertops. But yeah,
Speaker 1: fifty five hundred, I'm back on the water. I'm with
Speaker 1: the whales. It's fine.
Speaker 2: Yeah. Oh R.
Speaker 1: On that note, thank you guys for your questions.
Speaker 3: Yes, thank you for joining us post vaca well the way,
Speaker 3: but yes we will be unique week.
Speaker 2: More questions, more question more questions. Then we really enjoy y'all.
Speaker 2: Thank you for supporting grind Vision.