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Speaker 1: Hey ba fam.

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Speaker 2: Please follow us on Apple Podcasts and keep our audience growing.

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Speaker 2: If your iPhone recently upgraded to iOS fourteen point five,

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Speaker 2: head to Apple Podcasts, search for Brown Ambition and click

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Speaker 2: on the plus button in the upper right hand corner.

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Speaker 2: Do that and you'll be following our show. You can

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Speaker 2: also follow us on Spotify, Stitcher, or the Amazon Music app.

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Speaker 2: And Android users, we didn't forget about you. You can

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Speaker 2: find us on Google Podcasts.

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Speaker 1: Now have the time of my life. Okay, just kidding.

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Speaker 2: I've really miss Tiffany, but we made it, y'all, and

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Speaker 2: I can't thank my guest co host enough for joining

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Speaker 2: me and holding.

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Speaker 1: My hand through this period of separation.

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Speaker 2: While Tip has been on a much needed rest and

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Speaker 2: recharge of AKA. I want to thank Chris Browning of

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Speaker 2: Popcorn Finance, Berna and Nat from Hey Berna, Jamilas Soufran

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Speaker 2: from Journey to Launch, and last but not least, Janice

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Speaker 2: Torres Rodriguez from Yo Kioto Dineto Podcast for joining me

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Speaker 2: this past month. Y'all.

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Speaker 1: I can't believe we made it.

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Speaker 2: I had such a good time getting to know these

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Speaker 2: guys better, and I feel like I've got four new

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Speaker 2: financial besties.

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Speaker 1: Already.

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Speaker 2: Now, this reference is strictly for the millennials, so boomers

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Speaker 2: and gen zers, sorry, not sorry. Do y'all remember those

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Speaker 2: old episodes of Saved by the Bell where they meet

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Speaker 2: up at the Max and they reminisce about the school

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Speaker 2: year and they look longingly at nothing in particular in

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Speaker 2: the distance, and then it happens the screen goes all

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Speaker 2: squiggly and you realize it's one of those episodes. A

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Speaker 2: recap of some of the best moments from the season's past. Well,

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Speaker 2: here we go, Bayside Tigers, I mean, ba fam, I

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Speaker 2: am about to walk down memory lane and replace some

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Speaker 2: of the most memorable moments from our summer co host series.

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Speaker 2: This is the greatest hits over the last month, and

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Speaker 2: I hope you guys enjoy them as much as I

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Speaker 2: did getting to relive some of these conversations when I'm

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Speaker 2: in the co host chair. Honestly, sometimes I told Berna

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Speaker 2: this when we had lunch last week.

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Speaker 1: Yeah, we like hang out now, I told her that.

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Speaker 2: Honestly, sometimes I feel like I had these conversations and

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Speaker 2: I semi blackout and I have a hard time remembering.

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Speaker 2: So it was really fun to walk back down memory lane.

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Speaker 2: And pick out what I thought were some of the

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Speaker 2: really poignant and powerful moments that I had recording with

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Speaker 2: these amazing co hosts.

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Speaker 1: So sit back and.

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Speaker 2: Relax and enjoy this look back Q the Squiggly Dreamy

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Speaker 2: music Cali.

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Speaker 1: Okay.

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Speaker 2: Our first trip down memory Lane starts with my conversation

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Speaker 2: with the wonderful Chris Browning. He and I took a

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Speaker 2: question from listener Lachine, who was asking about the difference

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Speaker 2: between having a budgeting problem in an income problem. Lachine says,

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Speaker 2: I just found your podcast after buying Tiffany's book, and

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Speaker 2: I'm obsessed in her book, which is I will add

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Speaker 2: here you guys called Get Good with Money, which you

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Speaker 2: can get at get goodwith Money dot com. It's an

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Speaker 2: eight week national wait, eight week New York Times bestseller.

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Speaker 2: At this point, it's insane anyway, So Lachen found us

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Speaker 2: through her book. She says, in the book, Tiffany talked

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Speaker 2: about determining if you have a budgeting problem or an

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Speaker 2: income slash earning problem, and I think I have an

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Speaker 2: earning problem. When I wanted to get y'all's opinion, I

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Speaker 2: make fifty thousand dollars a year after taxes and insurance

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Speaker 2: and my retirement retirement savings. I'm left with about twenty

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Speaker 2: nine hundred dollars per month. I can comfortably pay my bills,

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Speaker 2: save for travel, and add money to my IRA, but

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Speaker 2: that's about it. I want to save more, but there's

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Speaker 2: nowhere else in my budget. I feel like I can

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Speaker 2: slice and dice. What do you guys think? So, what's

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Speaker 2: your take on like a budget versus an income problem?

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Speaker 3: Chris, This is a great questquestion here, and I think

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Speaker 3: sometimes we do get trapped in they Okay, let's let's budget,

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Speaker 3: let's cut and let's save where we can. Which is

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Speaker 3: good to go through and evaluate your budget and see

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Speaker 3: where you're maybe wasting money. But the only thing is

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Speaker 3: you can only cut so much. If you've already you

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Speaker 3: got your stuff under control, and you're really diligent with

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Speaker 3: how you spend, you're going to get to a point

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Speaker 3: where you just can't cut anything else. And if you

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Speaker 3: want to increase your or increase the money available to

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Speaker 3: invest and do other things with, yeah, you have to

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Speaker 3: make more, which is it's much harder than cutting, but

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Speaker 3: it's way more impactful in the long run.

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Speaker 4: Yeah.

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Speaker 2: I mean, if you guys need to hear it here first,

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Speaker 2: although I'm pretty sure we've said it before, you cannot

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Speaker 2: budget your way to wealth building. You can't do it.

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Speaker 2: You cannot become rich by budgeting. You can get part

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Speaker 2: of the way there, certainly you can, and it's certainly

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Speaker 2: a good starting point, and I think most levels you

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Speaker 2: should have at least an idea of what's going in

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Speaker 2: and what's going out and what's left over. Budgeting is amazing,

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Speaker 2: but it ain't going to get you there, and I

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Speaker 2: think I think it definitely sounds like if you're to

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Speaker 2: the point where you want to put more money away

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Speaker 2: and you just don't have it and you can't. Literally

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Speaker 2: you've looked at the budget and you're like, what am

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Speaker 2: I gonna do? Like live in my car? You can't,

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Speaker 2: you know, there's nothing else to slice and dice, like

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Speaker 2: you say, so it is time to start looking at

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Speaker 2: a couple different things. I am huge about the impact

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Speaker 2: your career. I'm very passionate about the impact that your

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Speaker 2: career choices can have in helping you accumulate wealth. And

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Speaker 2: I'm also huge on looking for additional income streams on

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Speaker 2: top of, you know, outside of your nine to five

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Speaker 2: job or whatever work you happen to do so that

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Speaker 2: you diversify the income streams that you have. After a

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Speaker 2: year like this, it certainly feels like a lot of

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Speaker 2: people were turning to side hobbies or side hustles as

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Speaker 2: they say, you know, you're starting their own businesses to

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Speaker 2: bring in extra money. Because it was a real kick

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Speaker 2: in the ass, you know, to realize how vulnerable we

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Speaker 2: all were, especially those of us who were tied to

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Speaker 2: a nine to five job that either you had layoffs

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Speaker 2: sort of cut back hours. I mean, it all felt

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Speaker 2: very like scary and a good reminder about the importance

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Speaker 2: of having those different income streams. So, I mean, Chris,

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Speaker 2: both and I You and I both have podcasts. You know,

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Speaker 2: I don't think either of us is rolling in the

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Speaker 2: dough from the podcast life, but especially not that you're

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Speaker 2: getting all the upgraded equipment that it sounds like you're accumulating.

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Speaker 2: But you know, talk about like the podcast and what

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Speaker 2: other what do you what do you think about different

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Speaker 2: income streams and how someone could you know, bring in

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Speaker 2: extra wealth.

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Speaker 3: Yeah, I mean, obviously I'm I'm a fan of doing

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Speaker 3: other things and building other streams of income and businesses

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Speaker 3: and just things you own on your own because one,

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Speaker 3: I just enjoy the process of making something and having

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Speaker 3: it something that I've created is just it's just a

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Speaker 3: cool experience. It just I don't know, it makes you

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Speaker 3: feel good, like, look, I've made this thing. I've put

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Speaker 3: my time and sweat into this, and it's here. So

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Speaker 3: I'm definitely for finding things that you're you're passionate about,

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Speaker 3: that you enjoy doing, that you see an opportunity to

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Speaker 3: have a viable business doing and pursuing those because, like

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Speaker 3: you said, you know, jobs are secure until they're not

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Speaker 3: until something happens where they need to move on from you.

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Speaker 3: You know, things could change overnight. But just like you,

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Speaker 3: I'm a huge fan of growing within your career. That

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Speaker 3: was one of the biggest things that helped us get

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Speaker 3: out of debt when my wife and I kind of

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Speaker 3: got serious about our finances. We had about twenty seven

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Speaker 3: thousand dollars in credit card debt and we were taking

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Speaker 3: home like forty five thousand dollars between the two of us,

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Speaker 3: which was not enough money and not especially not in

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Speaker 3: southern California. It is not much.

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Speaker 2: Did you do that?

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Speaker 3: Wow? It was rough. We were living in a tiny house,

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Speaker 3: a very small studio, for several years, and really we

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Speaker 3: cut our budget down to like nothing, like we were

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Speaker 3: not having any fun, Like nothing was getting spent that

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Speaker 3: didn't need to be spent, and it still was going

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Speaker 3: so slow. It was it was such a long journey.

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Speaker 3: And so for me, that's what I went and I

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Speaker 3: looked at, Okay, this is how much I'm making. I

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Speaker 3: think at the time, I've got how much I was

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Speaker 3: making by myself, but it wasn't. I clearly wasn't a lot.

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Speaker 3: What do I need to do? And so that's when

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Speaker 3: I started saying, all right, what professional organizations can I join.

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Speaker 3: I started joining these different groups for bookkeepers, and I

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Speaker 3: would go to conferences and I would help organize as speakers,

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Speaker 3: and then I would meet other people from other places,

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Speaker 3: and I would find out about new openings and build

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Speaker 3: up my resumes. When I applied for the next job,

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Speaker 3: it's like, oh, you did all of this, Like oh yeah,

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Speaker 3: you know, you can kind of pump yourself up. And

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Speaker 3: so doing things like that it allowed me to increase

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Speaker 3: my income so much faster than if I would have

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Speaker 3: just stayed at my one job and hoped for a

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Speaker 3: nice raise, which wasn't going to gum.

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Speaker 2: What were you doing at the time. Your backgrounds in accounting.

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Speaker 3: Uh, yeah, like accounting and bookkeeping work. So at the time,

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Speaker 3: I was a payroll supervisor. I was running a perill

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Speaker 3: department at a school district actually, and.

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Speaker 2: You're managing paychecks and trying to get a bigger one exactly.

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Speaker 3: I would see everyone who was making more money than

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Speaker 3: me and be like, all right, I need to do

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Speaker 3: something about this.

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Speaker 2: That's going to be really depressed.

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Speaker 1: Were desperational?

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Speaker 3: You don't when you see some of those payeests, You're like,

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Speaker 3: I don't know what these people are doing right now,

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Speaker 3: but I need to make some changes and get one

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Speaker 3: of these because it's.

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Speaker 5: Way more than I'm reading.

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Speaker 2: You know, it's bad if you're like jealous of a

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Speaker 2: like a I don't know what kind of school teachers

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Speaker 2: these were, but I'm feeling like a middle school math

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Speaker 2: teacher is making more. It's like, ooh, okay.

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Speaker 1: It's time.

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Speaker 3: Yeah. I was like, because we all know teachers aren't

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Speaker 3: paid that well, and I was getting paid a lot

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Speaker 3: less than than the majority of teachers.

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Speaker 2: That's a crime. Yeah, I've I love that, you know.

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Speaker 2: I was recently celebrating with my husband because we've really

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Speaker 2: been focused on increasing our net worth, and we did

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Speaker 2: the math with our planner and realized that we have

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Speaker 2: increased our net worth by tenfold in the last five years.

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Speaker 3: Wow.

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Speaker 2: And I was I was sitting down and we're gonna

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Speaker 2: do I'm gonna do a specific show about it. But

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Speaker 2: as I was sitting through and working through, you know,

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Speaker 2: how did we do this? I'll tell you one thing.

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Speaker 2: It wasn't by budgeting the most significant, the biggest reasons.

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Speaker 2: And I part of me almost feels a lot, or

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Speaker 2: used to feel a little, not ashamed. But I think

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Speaker 2: people want to hear that we just pulled ourselves up

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Speaker 2: by our bootstraps and you know, we coopon clipped and

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Speaker 2: we were good people and we just worked real hard.

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Speaker 2: They want to hear that kind of story. But the

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Speaker 2: truth is was that I was super ruthless with pursuing

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Speaker 2: new opportunities when two things were true. When I could

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Speaker 2: earn significantly more and when I could challenge myself professionally,

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Speaker 2: So when I could when I was offered, when I

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Speaker 2: was offered I was in other jobs, and when I

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Speaker 2: was offered opportunities to move to a different company. As

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Speaker 2: long as the opportunity was professionally rich like I could.

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Speaker 2: I was learning a new skill, I was getting to

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Speaker 2: try a new position or something like that, and it

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Speaker 2: came with additional income. I was definitely willing to take it.

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Speaker 2: And I was very risky with some of my career choices,

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Speaker 2: and they could have gone the other way entirely, you know,

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Speaker 2: without with risk comes rewards or you know, disaster. But

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Speaker 2: it was because of those choices I was able to negotiate,

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Speaker 2: you know, thirty percent fifty percent raises equity in companies

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Speaker 2: that I was joining, which opened me up to even

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Speaker 2: additional opportunities to build wealth as long as that stock

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Speaker 2: price in that company went up, which I was fortunate

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Speaker 2: enough to have that happen sometimes. So like, those are

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Speaker 2: the types of things that that I'm I'm ready to

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Speaker 2: just be honest about it because there's.

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Speaker 1: No shame in it.

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Speaker 2: In fact, I had to do it. I'm a black

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Speaker 2: woman in America, you know, like we don't make that

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Speaker 2: much money. We make sixty percent of what a white

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Speaker 2: man earns. So for me, I just always thought about

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Speaker 2: when I went into like a salary negotiation or when

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Speaker 2: I was approached by a competitor or a different company

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Speaker 2: to come work for them. I really looked at that

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Speaker 2: as an opportunity. It's often the best opportunity you can

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Speaker 2: get to negotiate a higher salary and staying at the

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Speaker 2: same place for a long time.

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Speaker 1: It ain't it, y'all. It is not it in terms of.

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Speaker 2: In terms of salary growth, especially if you came in

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Speaker 2: entry level, that is not the way to increase your

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Speaker 2: income unless. I mean, you can stay there if you

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Speaker 2: love your job. But then you got to start side hustling,

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Speaker 2: you know, get a side business or take a hobby

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Speaker 2: and start bringing in cash, you know, on top of

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Speaker 2: your earnings. But loyalty does not pay in corporate America.

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Speaker 2: It doesn't.

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Speaker 1: I'm proof of that.

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Speaker 2: I really had to make those big, scary leaps to

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Speaker 2: get to where I am today, to get those bigger paydays.

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Speaker 3: No, I mean, I love that so much because I've

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Speaker 3: seen it where in a situation no one I won't

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Speaker 3: name a place so no one can figure out what

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Speaker 3: I'm talking about, But that was the place.

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Speaker 2: We'll leave Chris alone. Don't get in, don't get them

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Speaker 2: in trouble.

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Speaker 3: Don't get me a trouble. Please don't go research this place.

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Speaker 3: But I was working at this place. There's a woman there.

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Speaker 3: She was amazing at her job. She was amazing, and

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Speaker 3: she just wanted She didn't I didn't think she was

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Speaker 3: asking for a race, just wanted a better title than

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Speaker 3: what she had. And they're like, no, we can't do that.

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Speaker 3: I'm sorry, it's something so easy. They were like, no,

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Speaker 3: we can't do that, but but you're great. So she's like,

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Speaker 3: you know what, all right, I'm out of here. So

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Speaker 3: she left, got a better job, got the title she wanted,

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Speaker 3: and got to pay raise the person they brought in

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Speaker 3: to replace her. They gave the title that she wanted

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Speaker 3: and more money, and it was like they could have

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Speaker 3: done it all along, but it was just like, well,

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Speaker 3: they think we have you here, you're not going to leave,

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Speaker 3: so we're not going to do anything. And that's where

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Speaker 3: you like, I mean, I agree with you one hundred percent.

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Speaker 3: That's That's the only way you're going to make these

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Speaker 3: significant leaps sometimes is to define better opportunities outside of

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Speaker 3: where you are, because they have no incentive to make

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Speaker 3: your pay jump significantly.

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Speaker 2: And you may think that they're the nicest people. You know,

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Speaker 2: they've come to your house warming parties, they gave you

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Speaker 2: a nice little gift when you had a baby or

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Speaker 2: you got married. It does like they're not going. It

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Speaker 2: takes a lot of effort. I was that manager who

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Speaker 2: really fought for raises and promotions for my people when

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Speaker 2: I didn't have to because I wanted to retain them.

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Speaker 2: I and there were plenty of people who just don't

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Speaker 2: do that because it takes a lot of time. It

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Speaker 2: takes effort. You got to like do your research. You

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Speaker 2: got a bat for people. It's just not in a

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Speaker 2: lot of people's best interests to go to bat for folks.

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Speaker 2: That's work. So yeah, I love that example. I mean,

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Speaker 2: I hate it, but it's a really good example of

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Speaker 2: what we're talking about here. Loyalty does not pay, y'all.

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Speaker 2: But I want to talk a bit about before we

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Speaker 2: get to the next question about starting a new business.

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Speaker 2: Like I literally I'm at a point where I just

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Speaker 2: started a new business. Hello guys, I'm I'm the CEO

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Speaker 2: and founder of Mandy Money Media, which is a independent

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Speaker 2: content consulting firm and editing and writing business.

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Speaker 1: Yay, do I get the kind of thanks? You know,

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Speaker 1: do my own thing.

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Speaker 2: After a long, well like a decade of experience, I'm

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Speaker 2: striking out on my own and what's so fun for

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Speaker 2: me has been doing these things. Like I filed for

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Speaker 2: an LLC. It's shockingly easy to do this, y'all. You

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Speaker 2: just need a little bit of money and like Google,

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Speaker 2: like you just had a Google. If you go to

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Speaker 2: your state's Department of Labor website or just google your

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Speaker 2: state LLC, it'll have a very easy to fill out form,

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Speaker 2: pick your name, give them your little coins. I had

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Speaker 2: it within minutes. I got approved and got my my

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Speaker 2: LLC established, and then it's what the irs do? Did

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Speaker 2: you do this yet? We get a taxpayer or an

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Speaker 2: employee ID number through the i RS dot gov.

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Speaker 3: That's such an easy process. And then you don't have

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Speaker 3: to give people your Social Security number either. Yeah.

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Speaker 2: I mean I think I might have to like get it,

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Speaker 2: but yeah, it took. I was I was shocked. It

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Speaker 2: was instantly, Oh, here's your e I N. Here you go.

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Speaker 2: And once I had that EI N, what did I do?

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Speaker 2: I went and got a business bank account, just did

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Speaker 2: some googles to find the best one. Although I will say,

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Speaker 2: I don't know if you have a business bank account

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Speaker 2: or credit card yet, do you? Uh?

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Speaker 3: Yeah, I do have the credit card. I've not gone

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Speaker 3: the banking route. I'm still I mean, I probably shouldn't

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Speaker 3: be saying this out loud, but yeah, maybe you lessnings

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Speaker 3: and personal accounts as business accounts right now.

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Speaker 1: You know, that's cool.

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Speaker 2: It depends on how you. I did learn that, you know,

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Speaker 2: when I was trying to decide whether to do an

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Speaker 2: LLC or work as a sole proprietor. It's very different,

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Speaker 2: like in terms of how how you can commingle your

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Speaker 2: personal versus professional expenses and things like that. But definitely

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Speaker 2: I got a the one with my CPA and he

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Speaker 2: was like, LLC is the way to go. So that's

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Speaker 2: what I did. And yeah, but the EI N it

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Speaker 2: took seconds. And the oh, the business bank account. What

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Speaker 2: I was going to say, is I because that's I wanted.

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Speaker 2: I'm going to get paid soon, hopefully hopefully soon from clients.

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Speaker 2: You know, I'm manifesting it like my husband installing his

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Speaker 2: Tesla charger five months before he actually had a Tesla.

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Speaker 1: I'm going to get this.

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Speaker 2: I got a bank account through a online bank, and

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Speaker 2: it was kind of hard to find a fee free

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Speaker 2: business bank account. It seems like a lot of them

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Speaker 2: charge They either have a minimum required balance, which I

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Speaker 2: don't know if I'm gonna make I'm gonna make money,

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Speaker 2: but like I can't, I can't commit right now that

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Speaker 2: I'm going to be making a certain amount. Yeah, so

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Speaker 2: it took a lot of comparing and contrasting, but I

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Speaker 2: definitely I was able to get one. And you have

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Speaker 2: to have your EI N in order to get one

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Speaker 2: set up. And then I got approved for a personal sorry,

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Speaker 2: a business credit.

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Speaker 1: Card, which was exciting. So it's it.

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Speaker 3: You can do it.

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Speaker 2: And look, I'm a business who. You can't tell me nothing.

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Speaker 2: I'm a business owner, right, I don't need a storefront.

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Speaker 2: I'm doing it.

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Speaker 3: It's so different than what people thought of, Like what

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Speaker 3: people I think we have a much different image in

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Speaker 3: our head of what it takes to be a business owner.

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Speaker 3: It's it's so it's such an easy process these days.

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Speaker 1: It really is.

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Speaker 2: So I hope that that motivates y'all and inspires you

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Speaker 2: to to look at you know, if you if you're

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Speaker 2: like me and you've been doing something for a long time,

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Speaker 2: you know, and you realize you've got a certain set

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Speaker 2: of skills that companies would pay to take advantage of

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Speaker 2: or leverage you know, that's a way of like let's

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Speaker 2: say I was still doing my you know, had a

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Speaker 2: nine to five job, I could I could feasibly do

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Speaker 2: this on the side and just bring in some extra income,

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Speaker 2: and that's the beginning again to true wealth building. So

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Speaker 2: I love that Tiffany covered that in her book Get

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00:18:05,960 --> 00:18:08,040
Speaker 2: It with Money dot Com. Y'all check out the book.

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Speaker 2: I love that she covered that in the book because

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Speaker 2: it really is like it's the next level from just

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Speaker 2: basic budgeting, really focusing on your income.

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Speaker 3: Yeah, it really is such a great idea. And you know,

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Speaker 3: what I've started to discover too, is that the bar

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Speaker 3: is actually very low for a lot of what people

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Speaker 3: consider good work. I'm very shocked for whatever it's right

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Speaker 3: in my mind, it's like people are like, if you're

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Speaker 3: going to do something for a company, it's like it

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Speaker 3: has to be the best thing that's ever been made.

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Speaker 3: But I've I've I'm not gonna again, I'm not going

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Speaker 3: to name any companies, but I've I've witnessed some some

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Speaker 3: businesses doing work that I'm like, that's all it took

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Speaker 3: for you to get paid, And well, I guess I

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00:18:44,600 --> 00:18:46,680
Speaker 3: need to step it up and do some other things.

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Speaker 2: I know well in my career, I've employed people like myself,

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Speaker 2: and I'm like, I know exactly how much mediocrity there

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Speaker 2: is out there. I'm going to go out there and

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00:18:54,800 --> 00:18:56,720
Speaker 2: be the best and it's not going to be that

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Speaker 2: hard because it's a lot of medio group. Okay, not

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Speaker 2: the shade anybody. But it's a really good point. It

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Speaker 2: truly is, and I yeah, I'm excited about this new journey.

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Speaker 2: And thank you Lashen for your question and for checking

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Speaker 2: out our podcast. I love that. All right, Next up,

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Speaker 2: we have a snippet. It was really hard to pick

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Speaker 2: a favorite nugget from my conversation with Berna A. Natt,

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Speaker 2: but I did think that this particular part of the

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Speaker 2: conversation when we were taking a question from a listener

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Speaker 2: wanting to know whether or not they shou you go

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Speaker 2: for a traditional or a wroth for a one K,

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Speaker 2: it really unlocked and interesting point that Berna made about

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Speaker 2: this key part in our young adulting lives. So let's

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Speaker 2: check in and see how Berna tackled this topic. I

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Speaker 2: was recently hired at a university and I'm trying to

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Speaker 2: determine if it's better for my future self to have

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Speaker 2: money taken out of my paycheck and put into my

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Speaker 2: four oh one K pre.

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Speaker 1: Tax or after tax.

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Speaker 2: Wouldn't I have a tax advantage if it's taken from

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Speaker 2: my paycheck after tax. Listen, there's not really a wrong

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Speaker 2: answer here, and I do so, and I this is

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Speaker 2: a specific question that I definitely think you know it's

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00:20:37,640 --> 00:20:40,879
Speaker 2: worth talking to a the only financial planner about because

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00:20:41,400 --> 00:20:43,840
Speaker 2: it's never just about your your four oh one K

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Speaker 2: or in your case, you probably have an educator account

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00:20:47,400 --> 00:20:50,120
Speaker 2: which is like a four or three B but still similar,

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Speaker 2: so you probably want to get more personalized advice than this.

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Speaker 2: But just to break it down, you know, when you

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Speaker 2: contribute to a traditional four one K or traditional IRA

435
00:20:58,600 --> 00:21:00,919
Speaker 2: or sorry at four oh one K, you're putting dollars

436
00:21:00,960 --> 00:21:03,000
Speaker 2: in pre tax, which means you put the money in

437
00:21:03,200 --> 00:21:04,840
Speaker 2: and you don't get tax until you take it out

438
00:21:04,880 --> 00:21:06,879
Speaker 2: when you're old and gray or hopefully not so old

439
00:21:06,960 --> 00:21:09,879
Speaker 2: and gray in retirement. And the benefit there is that

440
00:21:09,920 --> 00:21:12,359
Speaker 2: your money grows tax free. It's it's wonderful. It's an

441
00:21:12,400 --> 00:21:14,680
Speaker 2: incentive to get people to put money away for retirement.

442
00:21:15,440 --> 00:21:18,560
Speaker 2: The WROTH for one K is different in the sense

443
00:21:18,640 --> 00:21:23,960
Speaker 2: that you pay taxes upfront, and typically what some financial

444
00:21:23,960 --> 00:21:26,560
Speaker 2: advisors will say, is this is also a tax benefit.

445
00:21:27,040 --> 00:21:29,520
Speaker 2: It's just a little bit more indirect because you're paying

446
00:21:29,560 --> 00:21:33,080
Speaker 2: taxes now. Let's say you're earning a lower income today

447
00:21:33,160 --> 00:21:35,080
Speaker 2: than you plan to be earning later when you get

448
00:21:35,119 --> 00:21:37,800
Speaker 2: to retirement age. You could be saving money by paying

449
00:21:37,800 --> 00:21:41,400
Speaker 2: your lower tax rate now than when you start withdrawing

450
00:21:41,440 --> 00:21:44,359
Speaker 2: from your funds later. Another benefit that I think is

451
00:21:44,400 --> 00:21:47,280
Speaker 2: overlooked what the ROTH is that you can actually withdraw

452
00:21:47,400 --> 00:21:50,840
Speaker 2: your contributions so it's not actually as tied up as

453
00:21:50,880 --> 00:21:53,919
Speaker 2: a traditional retirement account, where like if you take an

454
00:21:53,960 --> 00:21:57,680
Speaker 2: early withdrawal and it's just to pay for something or

455
00:21:57,800 --> 00:22:01,240
Speaker 2: to pay off some debt, it can be tax penalties

456
00:22:01,280 --> 00:22:03,440
Speaker 2: that you have to pay and then income tax on

457
00:22:03,560 --> 00:22:06,080
Speaker 2: top of that on what you withdraw with a ROTH.

458
00:22:06,200 --> 00:22:08,560
Speaker 2: Like let's say you put in five thousand dollars over

459
00:22:08,600 --> 00:22:12,200
Speaker 2: a couple of years you wanna, and you've gained you know,

460
00:22:12,720 --> 00:22:14,879
Speaker 2: two thousand dollars on that five k, so you've got

461
00:22:15,000 --> 00:22:18,080
Speaker 2: seven k in there right now. You could arguably go

462
00:22:18,160 --> 00:22:20,800
Speaker 2: in there and withdraw some of that principal amount that

463
00:22:20,920 --> 00:22:24,320
Speaker 2: five thousand that you put in and pocket that without

464
00:22:24,440 --> 00:22:29,000
Speaker 2: the penalties of a traditional four oh one K. But

465
00:22:29,119 --> 00:22:32,600
Speaker 2: now that we got all that like jargonique goodness, mum

466
00:22:33,600 --> 00:22:36,159
Speaker 2: out of the way, burna talk to me about I mean,

467
00:22:36,200 --> 00:22:38,639
Speaker 2: this is like a common This is like a common

468
00:22:39,000 --> 00:22:41,240
Speaker 2: you know, one of the first adulting type decisions that

469
00:22:41,359 --> 00:22:43,720
Speaker 2: happened when you get a new job. For me, I

470
00:22:43,920 --> 00:22:47,479
Speaker 2: was so like ignorant about all this mess. I had

471
00:22:47,520 --> 00:22:49,440
Speaker 2: a four to one K match at my first job.

472
00:22:49,560 --> 00:22:51,880
Speaker 2: I was there for fifteen months, never opened, never put

473
00:22:51,920 --> 00:22:54,639
Speaker 2: a dime in it, left all the money on the table.

474
00:22:55,520 --> 00:22:55,960
Speaker 1: It'd be fair.

475
00:22:56,000 --> 00:22:58,320
Speaker 2: I had no dimes to put in there. But what

476
00:22:58,520 --> 00:22:59,960
Speaker 2: was what was it like for you when you start

477
00:23:00,200 --> 00:23:02,840
Speaker 2: to you know, you went from freelancing to like, oh

478
00:23:03,400 --> 00:23:04,639
Speaker 2: benefits like a four oh one K?

479
00:23:05,000 --> 00:23:06,720
Speaker 1: What was that like for you? And how did you decide?

480
00:23:07,200 --> 00:23:10,040
Speaker 5: Yes, actually trying to figure out what in the GD

481
00:23:10,200 --> 00:23:12,240
Speaker 5: hell as a four oh one K was one of

482
00:23:12,280 --> 00:23:17,520
Speaker 5: my first financial kind of Google entries. Ever, when I

483
00:23:17,640 --> 00:23:20,560
Speaker 5: you know, like you said, we go through HR and orientation,

484
00:23:20,640 --> 00:23:22,920
Speaker 5: they're like, here's your four oh one K. Before you

485
00:23:22,960 --> 00:23:24,639
Speaker 5: could even ask like why is it even named a

486
00:23:24,680 --> 00:23:26,400
Speaker 5: four oh one? And they're like, I'm onto the next

487
00:23:26,440 --> 00:23:28,320
Speaker 5: and then they're like, we can't give you advice or

488
00:23:28,520 --> 00:23:30,400
Speaker 5: HR or not a financial so you get very little

489
00:23:30,440 --> 00:23:33,400
Speaker 5: answers in the first place. It was amazing to find

490
00:23:33,480 --> 00:23:38,159
Speaker 5: out through Googles, not the HR representatives, which typically they

491
00:23:38,200 --> 00:23:39,800
Speaker 5: should be more helpful about a lot of the times

492
00:23:39,840 --> 00:23:41,879
Speaker 5: they are not. It was amazing to find out that

493
00:23:42,480 --> 00:23:44,840
Speaker 5: for a lot of young people, especially in your very

494
00:23:45,000 --> 00:23:47,840
Speaker 5: first jobs, your four oh one K is like the

495
00:23:47,920 --> 00:23:50,680
Speaker 5: first time you're actually your money is getting invested, often

496
00:23:50,760 --> 00:23:54,119
Speaker 5: invested for you, and you have no idea. Like it

497
00:23:54,240 --> 00:23:56,359
Speaker 5: was many months into my job, like you said, Mandy,

498
00:23:56,720 --> 00:23:58,960
Speaker 5: when I realized that money was being taken out for

499
00:23:59,040 --> 00:24:01,680
Speaker 5: my four oh one K for my paychecks and things

500
00:24:01,720 --> 00:24:04,240
Speaker 5: were happening to it. I guess I had like blacked

501
00:24:04,240 --> 00:24:08,399
Speaker 5: out and signed papers when I enduring orientation, agreeing to something,

502
00:24:08,760 --> 00:24:11,119
Speaker 5: and I didn't understand it until many months afterwards, and

503
00:24:11,200 --> 00:24:13,560
Speaker 5: like couldn't actually change things. So it was amazing to

504
00:24:13,640 --> 00:24:16,440
Speaker 5: find out that, first of all, money won money was

505
00:24:16,440 --> 00:24:19,399
Speaker 5: already being taken out of my paycheck what without my

506
00:24:19,920 --> 00:24:22,920
Speaker 5: maybe like kind of unconsensually, without my understanding of how

507
00:24:23,280 --> 00:24:26,160
Speaker 5: it happened. Two, I learned about what you just said,

508
00:24:26,440 --> 00:24:29,399
Speaker 5: four o one K matching. My company was a company

509
00:24:29,480 --> 00:24:31,399
Speaker 5: that does that. They did four o one K matching,

510
00:24:31,440 --> 00:24:34,200
Speaker 5: which meant when I put certain amount of money into

511
00:24:34,240 --> 00:24:36,440
Speaker 5: my four oh one K, my company was like, cool,

512
00:24:36,640 --> 00:24:38,520
Speaker 5: me too, Simon says, I'm going to do the same

513
00:24:38,600 --> 00:24:41,440
Speaker 5: thing up to a certain degree. We love to say

514
00:24:41,440 --> 00:24:46,040
Speaker 5: as financial you know, mouth holes, that's free money. That's

515
00:24:46,119 --> 00:24:48,600
Speaker 5: money on the table, right, I give money, and you're

516
00:24:48,880 --> 00:24:51,240
Speaker 5: I move, you move like Ludacris. I move the money

517
00:24:51,480 --> 00:24:53,359
Speaker 5: and then the company says me too, unmoved the money.

518
00:24:53,680 --> 00:24:56,119
Speaker 5: So that was amazing to find out. And then you

519
00:24:56,240 --> 00:24:58,920
Speaker 5: get into the Okay, so what's the difference between four

520
00:24:58,920 --> 00:25:01,320
Speaker 5: o one K and ira? You learn about all the

521
00:25:01,440 --> 00:25:03,800
Speaker 5: things that man you just said about, like the tax differences.

522
00:25:04,320 --> 00:25:07,320
Speaker 5: That's around when even if, like if you had held

523
00:25:07,440 --> 00:25:10,240
Speaker 5: on to this point of like trying to learn, that's

524
00:25:10,320 --> 00:25:13,560
Speaker 5: around when people's brains start to tune out and it

525
00:25:13,680 --> 00:25:17,080
Speaker 5: starts to the butterfly out the window, gonna go get lunch.

526
00:25:17,600 --> 00:25:21,280
Speaker 5: But they are really important differences when you're kind of

527
00:25:21,359 --> 00:25:23,040
Speaker 5: looking at things. But I think the most important thing

528
00:25:23,200 --> 00:25:27,640
Speaker 5: is whichever path you choose. Sit yourself or an HR

529
00:25:27,680 --> 00:25:31,040
Speaker 5: representative or if financial advisor down until you and like

530
00:25:31,280 --> 00:25:34,360
Speaker 5: ask all the questions until you fully understand the differences

531
00:25:34,440 --> 00:25:37,280
Speaker 5: between the two. Don't go blindly into it like me

532
00:25:37,359 --> 00:25:39,200
Speaker 5: and be like, it looks like the guy to my left,

533
00:25:39,760 --> 00:25:42,040
Speaker 5: just check the box and and so it makes it

534
00:25:42,520 --> 00:25:44,879
Speaker 5: that like I literally left money on the table for

535
00:25:44,960 --> 00:25:46,720
Speaker 5: the first year, I left free money out of my

536
00:25:46,760 --> 00:25:49,720
Speaker 5: own damn retirement account for the first year because I

537
00:25:49,880 --> 00:25:53,320
Speaker 5: was just blindly following. There's so much pressure in the process.

538
00:25:54,040 --> 00:25:56,120
Speaker 5: Don't be afraid to sit down and like, ask all

539
00:25:56,200 --> 00:25:59,400
Speaker 5: the damn questions, google all every single phrase, every single

540
00:25:59,520 --> 00:26:02,439
Speaker 5: thing that you can so that you understand both ways.

541
00:26:02,520 --> 00:26:06,160
Speaker 5: And like Mandy was saying, it's not like there's a major, giant,

542
00:26:06,359 --> 00:26:09,400
Speaker 5: like big mistake difference between the two. Honestly, I don't

543
00:26:09,400 --> 00:26:11,680
Speaker 5: think there really is. It's especially when to say, first

544
00:26:11,680 --> 00:26:14,720
Speaker 5: sort of investing foray, but understand the crap out of it.

545
00:26:14,800 --> 00:26:16,520
Speaker 5: You really, you deserve to understand the crap out of

546
00:26:16,560 --> 00:26:20,399
Speaker 5: everything happening to every dollar. And it's tiring. But until

547
00:26:20,640 --> 00:26:23,399
Speaker 5: a retirement expert comes in and starts doing a dance

548
00:26:23,560 --> 00:26:26,879
Speaker 5: at every like orientation, this is how we got to

549
00:26:26,960 --> 00:26:29,080
Speaker 5: do it, it'll be me it.

550
00:26:29,560 --> 00:26:32,040
Speaker 2: I mean, I think they pay big, big dollars for

551
00:26:32,119 --> 00:26:34,360
Speaker 2: you to come tell their employees about their benefits, which

552
00:26:34,400 --> 00:26:36,280
Speaker 2: is one of like the incentives to keep them there.

553
00:26:36,320 --> 00:26:37,360
Speaker 1: I don't know why companies.

554
00:26:37,560 --> 00:26:40,119
Speaker 2: I mean literally at previous job when one of the

555
00:26:40,160 --> 00:26:44,159
Speaker 2: benefits was rsu's restricted stock units literally stock in the company,

556
00:26:44,760 --> 00:26:46,879
Speaker 2: and I had a staff of young people who had

557
00:26:46,960 --> 00:26:49,159
Speaker 2: never so much as heard of an RSU before, and

558
00:26:49,280 --> 00:26:51,919
Speaker 2: I'd have to do their performance reviews and be like, oh,

559
00:26:52,000 --> 00:26:53,800
Speaker 2: and you're going to get you know, five thousand dollars

560
00:26:53,880 --> 00:26:56,840
Speaker 2: worth of RSUs and they would have these blank stares

561
00:26:56,880 --> 00:27:00,359
Speaker 2: and finally I was like, do you know what this is? No,

562
00:27:01,160 --> 00:27:03,080
Speaker 2: or they would say yeah, yeah, yeah, yeah, yeah, uh

563
00:27:03,200 --> 00:27:04,639
Speaker 2: it's like the thing you know, and I'm like, no,

564
00:27:04,880 --> 00:27:06,639
Speaker 2: here's what it is. And then their eyes would get why.

565
00:27:06,680 --> 00:27:09,840
Speaker 2: They're like, whoa, this is great, this is great. But

566
00:27:10,040 --> 00:27:12,680
Speaker 2: you don't know until you ask those questions. So and

567
00:27:12,760 --> 00:27:14,840
Speaker 2: a lot of people aren't like me. They don't have time,

568
00:27:15,000 --> 00:27:17,800
Speaker 2: you know, they don't take the time. So definitely ask.

569
00:27:18,040 --> 00:27:19,679
Speaker 5: I was going to say, they're lucky to have an

570
00:27:19,720 --> 00:27:21,720
Speaker 5: employer that's like, let me tell you exactly what it is.

571
00:27:21,760 --> 00:27:24,160
Speaker 5: Because I remember learning about RSUs in my former job

572
00:27:24,200 --> 00:27:26,520
Speaker 5: too and being like, this is a huge tech company

573
00:27:26,800 --> 00:27:28,840
Speaker 5: with so many resources. I can't believe I have to

574
00:27:28,920 --> 00:27:31,560
Speaker 5: google this shiz on my own to find out that

575
00:27:31,640 --> 00:27:34,600
Speaker 5: I'm being given equity in the company. But the equity

576
00:27:34,640 --> 00:27:36,760
Speaker 5: works like this, It's got all these rules. It's like,

577
00:27:37,320 --> 00:27:39,840
Speaker 5: bless you and every other employer that actually looks out

578
00:27:39,880 --> 00:27:41,400
Speaker 5: for the young people like that. That's beautiful.

579
00:27:41,560 --> 00:27:44,879
Speaker 1: That's where you're saying, you know, how what is it?

580
00:27:45,000 --> 00:27:45,560
Speaker 1: What is hella?

581
00:27:45,640 --> 00:27:48,960
Speaker 2: The personal finance world's hella mal hellapale, Hella stale, health stale.

582
00:27:49,080 --> 00:27:52,040
Speaker 1: Yes, that is true of businesses too.

583
00:27:52,119 --> 00:27:54,520
Speaker 2: It's really the structure is built for I think people

584
00:27:54,560 --> 00:27:56,199
Speaker 2: who don't need to have a sit down and talk

585
00:27:56,200 --> 00:27:59,000
Speaker 2: about RSUs because their uncle or their father or their mother,

586
00:27:59,800 --> 00:28:02,400
Speaker 2: you know, their mentor tells them those types of things.

587
00:28:02,440 --> 00:28:05,000
Speaker 2: But a lot of folks, especially brown and black black

588
00:28:05,200 --> 00:28:07,600
Speaker 2: people and women, you know, we don't go into the

589
00:28:07,760 --> 00:28:11,040
Speaker 2: corporate world with those extra benefits and those you know,

590
00:28:11,200 --> 00:28:14,040
Speaker 2: advisors and little evil parrots on our shoulders to tell

591
00:28:14,119 --> 00:28:15,880
Speaker 2: us these types of things that we have to seek

592
00:28:15,920 --> 00:28:18,159
Speaker 2: it out for ourselves, and companies need to do the

593
00:28:18,240 --> 00:28:20,119
Speaker 2: extra work to do all that. But now I'm in

594
00:28:20,160 --> 00:28:22,880
Speaker 2: my soapbox now about one of my favorite subjects, which

595
00:28:22,920 --> 00:28:25,120
Speaker 2: is how businesses fail their employees.

596
00:28:26,240 --> 00:28:27,720
Speaker 5: I love that subscribe.

597
00:28:28,320 --> 00:28:29,720
Speaker 2: Yeah, but I do want to say thank you to

598
00:28:29,760 --> 00:28:32,240
Speaker 2: this question and just to take it home. The only

599
00:28:32,320 --> 00:28:35,080
Speaker 2: bad decision here is to not invest, to not save

600
00:28:35,160 --> 00:28:37,400
Speaker 2: for retirement. That's the only bad decision you can make.

601
00:28:37,720 --> 00:28:40,440
Speaker 2: And also, you know, to your point burnet about getting

602
00:28:40,480 --> 00:28:42,640
Speaker 2: knowledge for me, the best thing I did at twenty

603
00:28:42,680 --> 00:28:45,080
Speaker 2: four was just start saving before I even knew everything

604
00:28:45,120 --> 00:28:47,080
Speaker 2: I thought I needed to know. I just did the

605
00:28:47,480 --> 00:28:51,640
Speaker 2: easiest option, you know, check the box for automatic withdrawals

606
00:28:52,080 --> 00:28:54,400
Speaker 2: into a target date fund. And then I was like, cool,

607
00:28:54,480 --> 00:28:56,280
Speaker 2: you're cute. I'll come back to you when I'm ready

608
00:28:56,360 --> 00:28:58,520
Speaker 2: to dive in more and do more things. And that

609
00:28:58,680 --> 00:29:00,800
Speaker 2: was the smartest decision I ever made, putting me on

610
00:29:00,880 --> 00:29:04,120
Speaker 2: my path to a tenfold increase in my net worth

611
00:29:04,160 --> 00:29:05,040
Speaker 2: over the past.

612
00:29:05,080 --> 00:29:07,320
Speaker 5: You know, decades, and I huge.

613
00:29:07,720 --> 00:29:09,560
Speaker 2: Yeah, And I just don't want people to hold themselves

614
00:29:09,680 --> 00:29:12,360
Speaker 2: back because they don't think that they know enough. There

615
00:29:12,400 --> 00:29:15,280
Speaker 2: are some small steps you can take today that will

616
00:29:15,320 --> 00:29:17,320
Speaker 2: put you on the right path and you'll, you know,

617
00:29:17,400 --> 00:29:20,560
Speaker 2: you'll accrue that knowledge over time. Just don't wait until

618
00:29:20,600 --> 00:29:23,360
Speaker 2: you're you know, you can recite, and don't wait until

619
00:29:23,360 --> 00:29:25,080
Speaker 2: you have to stop googling the different terms.

620
00:29:25,440 --> 00:29:30,200
Speaker 1: I still google sometimes me too, all the time. It's fine.

621
00:29:30,280 --> 00:29:33,480
Speaker 5: I mean, we aren't like raised with these pockets of

622
00:29:33,520 --> 00:29:35,760
Speaker 5: knowledge in our heads, and so we have to keep relearning.

623
00:29:35,840 --> 00:29:37,520
Speaker 5: We have to keep shoving them intoor heads because it

624
00:29:37,520 --> 00:29:40,840
Speaker 5: doesn't come naturally to so many of us. And I

625
00:29:41,160 --> 00:29:43,959
Speaker 5: love to also tell young folks like you have something

626
00:29:44,200 --> 00:29:48,400
Speaker 5: that every older Hella male paial Stale investor wishes they had,

627
00:29:48,720 --> 00:29:52,920
Speaker 5: and that's time. It's time you have that freakin in

628
00:29:54,040 --> 00:29:56,200
Speaker 5: bags all all around you. And that's the most important

629
00:29:56,240 --> 00:29:59,680
Speaker 5: thing for retirement investing specifically. So just get or done,

630
00:30:00,160 --> 00:30:02,040
Speaker 5: get her done in any which way, and confuse yourself

631
00:30:02,080 --> 00:30:04,440
Speaker 5: with the terms once there's already money in the pot.

632
00:30:05,280 --> 00:30:08,280
Speaker 2: I love that. Okay, for those of y'all who've been

633
00:30:08,320 --> 00:30:11,320
Speaker 2: following Brown Ambition even from the beginning, but even if

634
00:30:11,360 --> 00:30:13,240
Speaker 2: you tuned in last week for the first time, I

635
00:30:13,360 --> 00:30:16,480
Speaker 2: guarantee you at some point we mentioned either Husban my

636
00:30:16,600 --> 00:30:21,480
Speaker 2: husband Enrique or Superman Tiffany's husband Jarelle. Now, when we

637
00:30:21,560 --> 00:30:23,480
Speaker 2: first started the show, neither one of us was actually

638
00:30:23,560 --> 00:30:27,720
Speaker 2: married yet, and these guys have been through it all right.

639
00:30:27,840 --> 00:30:32,680
Speaker 2: We love to talk about how Superman constantly opens the

640
00:30:32,760 --> 00:30:36,880
Speaker 2: door when Tiffany's recording, or how my husband decided it

641
00:30:36,920 --> 00:30:39,640
Speaker 2: would be really neat to spend one thousand dollars to

642
00:30:39,720 --> 00:30:41,360
Speaker 2: get in line for a tesla when he and I

643
00:30:41,600 --> 00:30:44,120
Speaker 2: just started dating and saving for our wedding. We give

644
00:30:44,160 --> 00:30:46,840
Speaker 2: these guys a lot of grief. But during my conversation

645
00:30:46,920 --> 00:30:49,480
Speaker 2: with Jamila Sufront from Journey to Launch, she and I

646
00:30:49,600 --> 00:30:52,280
Speaker 2: had a really wonderful sort of reflection on the importance

647
00:30:52,360 --> 00:30:54,760
Speaker 2: that the partner that you choose in life can have

648
00:30:54,960 --> 00:30:57,200
Speaker 2: when it comes to your own wealth building and your

649
00:30:57,200 --> 00:30:59,680
Speaker 2: own career journey. So I want to take a moment

650
00:30:59,760 --> 00:31:03,920
Speaker 2: to replay this segment from my conversation with Jamila from

651
00:31:04,040 --> 00:31:04,840
Speaker 2: Journey to Launch.

652
00:31:05,480 --> 00:31:09,200
Speaker 6: This is so important because he was He looked at

653
00:31:09,240 --> 00:31:11,080
Speaker 6: me like I was crazy, because he is a very

654
00:31:11,160 --> 00:31:14,720
Speaker 6: simple man and he's very easy going.

655
00:31:14,840 --> 00:31:15,000
Speaker 5: Right.

656
00:31:15,160 --> 00:31:18,720
Speaker 6: So, and you know again, when I came to him

657
00:31:19,120 --> 00:31:21,000
Speaker 6: a few years ago and I'm telling him about all

658
00:31:21,040 --> 00:31:23,800
Speaker 6: these stories on podcasts I'm hearing people retiring and quitting

659
00:31:23,840 --> 00:31:26,480
Speaker 6: their jobs, He's just like, really, because I don't what

660
00:31:26,600 --> 00:31:28,240
Speaker 6: are we gonna do? Like, what are you talking about?

661
00:31:28,920 --> 00:31:32,080
Speaker 6: And it really took some conversations to get him to

662
00:31:32,200 --> 00:31:33,520
Speaker 6: kind of see. And one of the things I always

663
00:31:33,520 --> 00:31:36,680
Speaker 6: say with couples is like, don't like I had to

664
00:31:36,760 --> 00:31:39,840
Speaker 6: show him one the numbers, the numbers for him, even

665
00:31:39,880 --> 00:31:41,600
Speaker 6: for me, like I had to believe the numbers, meaning

666
00:31:41,680 --> 00:31:45,160
Speaker 6: I had to map out, really is this possible? Will

667
00:31:45,200 --> 00:31:47,320
Speaker 6: I be able to one day quit my job early?

668
00:31:47,520 --> 00:31:49,520
Speaker 6: How much money can we save and invest if we

669
00:31:49,600 --> 00:31:51,680
Speaker 6: aggressively do this, if we cut back, if we become

670
00:31:51,760 --> 00:31:54,760
Speaker 6: more optimized in our finances, how much money can we have?

671
00:31:54,920 --> 00:31:56,840
Speaker 6: So I literally when I came home and told him

672
00:31:56,880 --> 00:31:58,360
Speaker 6: the first time, he looked at me like, what are

673
00:31:58,400 --> 00:32:00,600
Speaker 6: you talking about? And then over time what I did

674
00:32:00,720 --> 00:32:02,480
Speaker 6: was I didn't push him to this is really important.

675
00:32:02,760 --> 00:32:05,000
Speaker 6: Just because you come up with a realization or have

676
00:32:05,040 --> 00:32:07,080
Speaker 6: an epiphany doesn't mean like your partner will they have

677
00:32:07,280 --> 00:32:09,960
Speaker 6: they have They're on a whole another timeline. So I

678
00:32:10,320 --> 00:32:13,640
Speaker 6: respected that, but also started to show him like the numbers,

679
00:32:13,720 --> 00:32:15,920
Speaker 6: Like I created this spreadsheet and it showed like if

680
00:32:15,960 --> 00:32:18,560
Speaker 6: we do this, like, first of all, step back from

681
00:32:18,560 --> 00:32:21,080
Speaker 6: the spreadsheet, what does a life look like now that

682
00:32:21,160 --> 00:32:23,200
Speaker 6: we enjoy and what does the life look like now

683
00:32:23,480 --> 00:32:26,080
Speaker 6: in like twenty years, right when the kids are this age,

684
00:32:26,200 --> 00:32:27,920
Speaker 6: and like they're at the house and we can travel,

685
00:32:28,480 --> 00:32:30,560
Speaker 6: and how can we balance that now? So we started

686
00:32:30,600 --> 00:32:33,320
Speaker 6: with the dream of our lives, what they are now

687
00:32:33,400 --> 00:32:35,560
Speaker 6: and what we want them to be, and then we

688
00:32:35,720 --> 00:32:37,640
Speaker 6: like did numbers around it, and I showed him, well,

689
00:32:37,680 --> 00:32:40,719
Speaker 6: if we do this, make these changes in our finances,

690
00:32:41,200 --> 00:32:43,800
Speaker 6: save and invest this much over time, we can have

691
00:32:44,120 --> 00:32:47,640
Speaker 6: you know, over a million dollars in twenty years, and

692
00:32:47,920 --> 00:32:49,640
Speaker 6: we can do all these things. And that started to

693
00:32:49,680 --> 00:32:51,600
Speaker 6: get him excited because instead of me just saying it

694
00:32:51,760 --> 00:32:54,880
Speaker 6: and talking, he saw the numbers. And then the other

695
00:32:54,960 --> 00:32:58,360
Speaker 6: thing I really was important to say was yeah, I

696
00:32:58,520 --> 00:33:00,360
Speaker 6: want to do this, so I quit my job. But also,

697
00:33:00,520 --> 00:33:03,600
Speaker 6: like you know, I'm the mom. I'm I'm the one

698
00:33:03,840 --> 00:33:05,920
Speaker 6: giving birth and having three kids. I also have the

699
00:33:05,960 --> 00:33:08,280
Speaker 6: crazy commute. See my husband his job is maybe like

700
00:33:08,360 --> 00:33:10,920
Speaker 6: ten minutes away from our house. So he also knew

701
00:33:11,080 --> 00:33:13,840
Speaker 6: the pressure of just like my life, and he wanted

702
00:33:13,880 --> 00:33:16,360
Speaker 6: me to be happy. And so I made sure that

703
00:33:16,520 --> 00:33:18,280
Speaker 6: like own not only like we were going to pursue

704
00:33:18,320 --> 00:33:20,320
Speaker 6: what I wanted, like in terms of a career or

705
00:33:20,480 --> 00:33:22,280
Speaker 6: quitting my job, but what is it that you want?

706
00:33:22,480 --> 00:33:25,240
Speaker 6: So I definitely we made sure that include his wants

707
00:33:25,280 --> 00:33:27,440
Speaker 6: and hopes, like into what we were doing. You know,

708
00:33:27,560 --> 00:33:30,320
Speaker 6: I don't really care about having a nice car. We

709
00:33:30,600 --> 00:33:32,440
Speaker 6: used to have nice cars quote unquote back in the

710
00:33:32,520 --> 00:33:35,440
Speaker 6: day before kids and getting a little bit more optimized

711
00:33:35,480 --> 00:33:37,280
Speaker 6: with our finances. But I say, look, if I can,

712
00:33:37,600 --> 00:33:39,040
Speaker 6: I want to buy you a car, you know, Like

713
00:33:39,320 --> 00:33:41,080
Speaker 6: it was things like that that got him excited. So

714
00:33:41,200 --> 00:33:42,600
Speaker 6: that way we both were.

715
00:33:43,440 --> 00:33:46,280
Speaker 1: That was my way into baby. I said, save for

716
00:33:46,400 --> 00:33:49,840
Speaker 1: a Tesla. Let's that's for a Tesla. Yeah, let's investing

717
00:33:49,880 --> 00:33:50,400
Speaker 1: for a Tesla.

718
00:33:50,520 --> 00:33:52,200
Speaker 6: It's so important because he is a little bit more

719
00:33:52,520 --> 00:33:54,960
Speaker 6: like fancier I would say, than me right, like I'm

720
00:33:55,040 --> 00:33:57,680
Speaker 6: good with kind of just like bare minimum, but sometimes fancy.

721
00:33:57,720 --> 00:33:59,440
Speaker 6: He's like, if I could do it fancy all the time,

722
00:33:59,480 --> 00:34:03,040
Speaker 6: I would, So talking about it in that term really

723
00:34:03,120 --> 00:34:05,640
Speaker 6: helped to let him know that this is a team effort.

724
00:34:05,640 --> 00:34:08,000
Speaker 6: It's not just about what Jamila wants. And also like,

725
00:34:08,040 --> 00:34:11,719
Speaker 6: if I'm miserable because I'm working and driving all this time,

726
00:34:11,880 --> 00:34:14,960
Speaker 6: like those whole families, is not going to be like happy,

727
00:34:15,120 --> 00:34:16,920
Speaker 6: So let's work to a place that we can get to.

728
00:34:17,000 --> 00:34:19,160
Speaker 6: And so he eventually got on board with that. But

729
00:34:19,239 --> 00:34:21,520
Speaker 6: he's very easy going and laid back. Thank God for

730
00:34:21,640 --> 00:34:24,480
Speaker 6: that in terms of he pretty much trust me. We

731
00:34:24,600 --> 00:34:26,800
Speaker 6: have the open conversations about it, and even when it

732
00:34:26,840 --> 00:34:28,680
Speaker 6: came to quitting my job, because that was huge, like

733
00:34:28,760 --> 00:34:31,760
Speaker 6: my income was more than half of the family's combined income,

734
00:34:32,360 --> 00:34:33,960
Speaker 6: and so like it would have almost been better if

735
00:34:34,000 --> 00:34:35,759
Speaker 6: I was a teacher and then he had his career

736
00:34:35,840 --> 00:34:37,279
Speaker 6: because then like you know, he can kind of stay

737
00:34:37,320 --> 00:34:39,640
Speaker 6: on his trajectory. But for me to walk away, it

738
00:34:39,760 --> 00:34:41,799
Speaker 6: was like a big step because what does that look

739
00:34:41,880 --> 00:34:43,560
Speaker 6: like as a family. We have three kids, We have

740
00:34:43,640 --> 00:34:46,279
Speaker 6: a mortgage, like, so we literally had to save up

741
00:34:46,400 --> 00:34:49,920
Speaker 6: enough money to cover our expenses while journey to launch

742
00:34:50,040 --> 00:34:52,000
Speaker 6: like started to you know, become more stable, and that

743
00:34:52,239 --> 00:34:54,840
Speaker 6: was scary, but we did it together. We had the

744
00:34:54,880 --> 00:34:58,640
Speaker 6: conversations and it's it's working out so far.

745
00:34:58,840 --> 00:35:03,759
Speaker 2: So that's no, that's wonderful. I also have always been

746
00:35:04,719 --> 00:35:07,120
Speaker 2: it's so funny how the you know, in no shade

747
00:35:07,120 --> 00:35:09,439
Speaker 2: to your husband. I always talk to my husband. I'm like, dude,

748
00:35:09,480 --> 00:35:11,680
Speaker 2: you work for the government and you have the boogiest

749
00:35:11,719 --> 00:35:13,719
Speaker 2: taste of like where do you come off with this?

750
00:35:14,040 --> 00:35:17,000
Speaker 2: Like what he's like, I must he has like this

751
00:35:17,200 --> 00:35:20,239
Speaker 2: very specific t shirt brand. He gets custom shirts. I'm like,

752
00:35:20,520 --> 00:35:22,400
Speaker 2: I'm the one shopping in the clearance track at H

753
00:35:22,440 --> 00:35:22,680
Speaker 2: and M.

754
00:35:22,800 --> 00:35:25,520
Speaker 1: But the same as you. I I we I was.

755
00:35:25,800 --> 00:35:28,000
Speaker 2: I was earning probably like two three x what he

756
00:35:28,600 --> 00:35:30,759
Speaker 2: was earning at the at my peak earning career in

757
00:35:31,320 --> 00:35:34,200
Speaker 2: you know, corporate America, so to speak. But that's so

758
00:35:34,480 --> 00:35:37,719
Speaker 2: that's so funny, And it's also you know, shouts out

759
00:35:37,800 --> 00:35:40,520
Speaker 2: to shout out to partners. You know, I don't put

760
00:35:40,560 --> 00:35:43,520
Speaker 2: genders on and put partners who are willing to maybe

761
00:35:43,640 --> 00:35:45,239
Speaker 2: maybe they have their doubts, but they just you know,

762
00:35:45,360 --> 00:35:48,560
Speaker 2: have those in the shower alone. They they support and

763
00:35:48,680 --> 00:35:51,640
Speaker 2: they you know, have faith in their partners to to

764
00:35:51,719 --> 00:35:53,640
Speaker 2: really bet on themselves and to take their career to

765
00:35:54,280 --> 00:35:57,440
Speaker 2: a different place. That's really wonderful that he's been supportive

766
00:35:57,520 --> 00:36:00,719
Speaker 2: to you, and I I appreciate you talking about the

767
00:36:00,760 --> 00:36:04,800
Speaker 2: whole the values you know, and how you as a partner.

768
00:36:05,080 --> 00:36:07,920
Speaker 2: I've struggled with this too, probably a little bit more

769
00:36:07,960 --> 00:36:09,600
Speaker 2: than it sounds like you did. But I was like,

770
00:36:10,000 --> 00:36:13,120
Speaker 2: it was very hard for me to start to share

771
00:36:13,400 --> 00:36:18,239
Speaker 2: in the values based investing, Like so for example, you know,

772
00:36:18,480 --> 00:36:22,319
Speaker 2: I had no problem spending money on values or experiences

773
00:36:22,400 --> 00:36:25,160
Speaker 2: that I particularly wanted to have. But when it came

774
00:36:25,239 --> 00:36:27,360
Speaker 2: to a you know, if it was a car or

775
00:36:28,120 --> 00:36:30,719
Speaker 2: you know, uh, I don't know, concert or something that

776
00:36:30,840 --> 00:36:33,680
Speaker 2: you know, Enrique really wanted it was, it was like, hmmm,

777
00:36:33,800 --> 00:36:36,640
Speaker 2: it's not really worth it. And I had to had

778
00:36:36,680 --> 00:36:39,400
Speaker 2: to learn to share in that I was. That was

779
00:36:39,480 --> 00:36:41,759
Speaker 2: probably my one of the more difficult challenges for me

780
00:36:41,920 --> 00:36:45,400
Speaker 2: financially and like mentally as a spouse was bringing them

781
00:36:45,440 --> 00:36:48,160
Speaker 2: in and being open to you know, they're what they

782
00:36:48,320 --> 00:36:51,120
Speaker 2: value and not not discounting it and making that a

783
00:36:51,200 --> 00:36:52,799
Speaker 2: part of the overall plan.

784
00:36:53,120 --> 00:36:55,320
Speaker 6: Yeah, I mean, you know, it's important, just like and

785
00:36:55,480 --> 00:36:58,080
Speaker 6: for me, I think as growing up without really you know,

786
00:36:58,120 --> 00:37:00,719
Speaker 6: I didn't have a father in my life or had

787
00:37:00,719 --> 00:37:02,839
Speaker 6: father figures, I didn't really have a close relationship with them,

788
00:37:02,880 --> 00:37:05,280
Speaker 6: and so I was like for me, the value based

789
00:37:05,320 --> 00:37:07,840
Speaker 6: things like the simple even though I say he's fancy,

790
00:37:08,160 --> 00:37:10,880
Speaker 6: like the other things that he's about, which is like family,

791
00:37:11,120 --> 00:37:13,920
Speaker 6: and he's very grounded and supportive. Like it's like one

792
00:37:13,920 --> 00:37:15,840
Speaker 6: of the first signs like I saw in him, like

793
00:37:15,880 --> 00:37:19,000
Speaker 6: when we first started dating years ago, that I said, like,

794
00:37:19,120 --> 00:37:20,840
Speaker 6: out of all the things I want in someone, it

795
00:37:20,840 --> 00:37:22,960
Speaker 6: would be the opposite of what I knew my.

796
00:37:23,040 --> 00:37:25,680
Speaker 5: Dad to be, and so I think, whatever that is.

797
00:37:25,719 --> 00:37:27,040
Speaker 6: I know some people meet people like that and they

798
00:37:27,080 --> 00:37:29,040
Speaker 6: do not they don't turn out to be this way eventually.

799
00:37:29,160 --> 00:37:31,160
Speaker 2: But he that's what he is and who he is.

800
00:37:31,480 --> 00:37:33,279
Speaker 6: And so even as an entrepreneur and now, like I know,

801
00:37:33,880 --> 00:37:36,920
Speaker 6: like having three kids, like he's an equal partner in

802
00:37:37,040 --> 00:37:39,640
Speaker 6: the house and in parenting. I still feel like I

803
00:37:40,000 --> 00:37:41,480
Speaker 6: do a little bit more, but I feel like he

804
00:37:41,680 --> 00:37:44,759
Speaker 6: is as much equal as outside of my controlling self

805
00:37:44,880 --> 00:37:47,040
Speaker 6: he can be in terms of how I like things done.

806
00:37:47,320 --> 00:37:49,120
Speaker 6: And it's been when people say how do you do this?

807
00:37:49,320 --> 00:37:51,400
Speaker 6: Like how did you manage all that stuff when you

808
00:37:51,480 --> 00:37:53,680
Speaker 6: were working and commuting and the kids, and how do

809
00:37:53,719 --> 00:37:55,799
Speaker 6: you even do it now as like a business owner

810
00:37:55,920 --> 00:37:58,839
Speaker 6: with the kids, It's like, well, because I leave, he's

811
00:37:58,880 --> 00:38:01,080
Speaker 6: an equal partner in this, and that has a lot

812
00:38:01,120 --> 00:38:03,480
Speaker 6: to do with I think how it allows me to

813
00:38:03,560 --> 00:38:06,160
Speaker 6: make money and be happy, and how our household lives

814
00:38:06,200 --> 00:38:08,240
Speaker 6: and how we choose to spend money. So I'm proud

815
00:38:08,320 --> 00:38:10,239
Speaker 6: of the fact that I chose I chose him as

816
00:38:10,280 --> 00:38:10,720
Speaker 6: my husband.

817
00:38:11,880 --> 00:38:14,360
Speaker 2: Isn't Jamila the best and shout out to her husband

818
00:38:14,360 --> 00:38:50,320
Speaker 2: Woodie as well. To close out this walk down memory Lane,

819
00:38:50,400 --> 00:38:53,600
Speaker 2: I chose a very special part of the conversation that

820
00:38:53,680 --> 00:38:57,840
Speaker 2: I have with Janice Torres Rodriguez from the Jokio Dinero podcast.

821
00:38:58,200 --> 00:38:59,680
Speaker 2: Janie is a bad ass.

822
00:39:00,480 --> 00:39:01,000
Speaker 1: First of all.

823
00:39:01,080 --> 00:39:04,040
Speaker 2: I love the way that she talks about how she

824
00:39:04,160 --> 00:39:07,400
Speaker 2: built her confidence in a very male dominated world in

825
00:39:07,480 --> 00:39:11,120
Speaker 2: her fields of engineering, and how she flipped all the

826
00:39:11,160 --> 00:39:15,200
Speaker 2: stereotypes on their head, becoming very used to being one

827
00:39:15,360 --> 00:39:18,279
Speaker 2: of the only, if not the only, female in a room.

828
00:39:18,719 --> 00:39:21,160
Speaker 2: And she even talks about how she actually got used

829
00:39:21,200 --> 00:39:23,120
Speaker 2: to being man's plained to the point where it became

830
00:39:23,160 --> 00:39:26,000
Speaker 2: an asset to her that she could actually stomach it.

831
00:39:26,560 --> 00:39:29,960
Speaker 2: So let's round out our walk down memory lane with

832
00:39:30,120 --> 00:39:32,440
Speaker 2: a look back at my conversation with Janie.

833
00:39:33,440 --> 00:39:36,520
Speaker 4: Yeah, so, as an engineer and a Latina like, I

834
00:39:37,120 --> 00:39:40,960
Speaker 4: think that the career experience has definitely served me well

835
00:39:41,040 --> 00:39:43,399
Speaker 4: in the sense that, like, I'm so used to being

836
00:39:43,520 --> 00:39:46,880
Speaker 4: mansplained that now when it happens in like the personal

837
00:39:46,960 --> 00:39:50,000
Speaker 4: finance sphere, which yes it absolutely does, Yeah, it kind

838
00:39:50,040 --> 00:39:52,400
Speaker 4: of doesn't bother me. I'm just like, man, it's like, what,

839
00:39:53,200 --> 00:39:56,759
Speaker 4: like we are the same, So I'm not even here

840
00:39:56,920 --> 00:39:59,680
Speaker 4: to like I don't need your explanations, sir, thank you.

841
00:40:00,280 --> 00:40:03,800
Speaker 4: And because that came so much from like my corporate experience.

842
00:40:03,880 --> 00:40:06,239
Speaker 4: I was usually the youngest woman in the room. I

843
00:40:06,440 --> 00:40:09,080
Speaker 4: was usually the only woman of color, and there was

844
00:40:09,160 --> 00:40:11,280
Speaker 4: a lot of like that, just you know that girl,

845
00:40:11,480 --> 00:40:14,000
Speaker 4: that girl gets like the project that nobody else wants

846
00:40:14,040 --> 00:40:16,520
Speaker 4: to work on and just gets talked down to, gets

847
00:40:16,560 --> 00:40:19,160
Speaker 4: told that I'm aggressive when you know the men are

848
00:40:19,239 --> 00:40:22,080
Speaker 4: quote unquote being assertive blah blah blah. So I think

849
00:40:22,560 --> 00:40:24,759
Speaker 4: from that perspective, like, I'm grateful for the fact that

850
00:40:24,840 --> 00:40:26,759
Speaker 4: it gave me a thick skin, because right, I don't

851
00:40:26,760 --> 00:40:28,360
Speaker 4: take any shit from anybody at this point, and I

852
00:40:28,440 --> 00:40:30,160
Speaker 4: think my career has a lot to do with that.

853
00:40:31,080 --> 00:40:32,759
Speaker 2: But I think I.

854
00:40:32,920 --> 00:40:37,000
Speaker 4: Followed my father's footsteps when it comes to an engineering background,

855
00:40:37,000 --> 00:40:39,480
Speaker 4: because he is an engineer as well. He works on

856
00:40:39,800 --> 00:40:45,320
Speaker 4: like automating production lines for manufacturing companies, and so I always,

857
00:40:45,480 --> 00:40:48,840
Speaker 4: like was surrounded by technology and curiosity in science, like

858
00:40:49,200 --> 00:40:51,759
Speaker 4: that was always the vibe that was in my house.

859
00:40:51,800 --> 00:40:54,359
Speaker 4: I was always wanting to find out what my dad

860
00:40:54,480 --> 00:40:56,520
Speaker 4: was working on. So I think, you know, I saw

861
00:40:56,640 --> 00:40:59,600
Speaker 4: him being financially successful, and I wanted to mimic that.

862
00:41:00,480 --> 00:41:02,840
Speaker 4: But then I also realized, like, after a while, I

863
00:41:03,040 --> 00:41:05,480
Speaker 4: just don't care about this. This is not what lights

864
00:41:05,520 --> 00:41:08,000
Speaker 4: me up. Yes, I was making great money, like I

865
00:41:08,120 --> 00:41:10,640
Speaker 4: was twenty five years old, making like seventy five thousand dollars.

866
00:41:11,160 --> 00:41:14,360
Speaker 4: I started making six figures before I turned thirty. And

867
00:41:15,200 --> 00:41:19,359
Speaker 4: you know, the monetary aspect of it is what kept

868
00:41:19,480 --> 00:41:22,000
Speaker 4: me in the field for so long, because I had

869
00:41:22,040 --> 00:41:23,960
Speaker 4: all these thoughts about like, well, what the hell else

870
00:41:23,960 --> 00:41:25,319
Speaker 4: am I going to do? It's actually gonna be able

871
00:41:25,360 --> 00:41:28,000
Speaker 4: to pay me this type of money. But at some

872
00:41:28,120 --> 00:41:31,960
Speaker 4: point I just realized, like, I can't go through life

873
00:41:32,560 --> 00:41:37,000
Speaker 4: just living with the excitement of a paycheck because it's

874
00:41:37,200 --> 00:41:40,160
Speaker 4: not it's not worth it to me. I can't wake

875
00:41:40,239 --> 00:41:43,160
Speaker 4: up every day with anxiety about going to work and

876
00:41:43,320 --> 00:41:46,279
Speaker 4: doing something that literally just like drains me and I

877
00:41:46,320 --> 00:41:46,880
Speaker 4: don't care.

878
00:41:46,760 --> 00:41:50,640
Speaker 2: About I'm setting with that for a moment because I

879
00:41:50,719 --> 00:41:53,880
Speaker 2: want people. You don't You guys don't have to do it.

880
00:41:54,400 --> 00:41:58,520
Speaker 2: There's another way. There's another way. You mentioned therapy earlier.

881
00:41:58,920 --> 00:42:02,040
Speaker 2: Now I talk to my husband about therapy because I've

882
00:42:02,040 --> 00:42:04,080
Speaker 2: been in therapy ever since I got pregnant a couple

883
00:42:04,160 --> 00:42:06,799
Speaker 2: of years ago. I just knew it's well, first of all,

884
00:42:06,840 --> 00:42:08,480
Speaker 2: I know, it's really hard to find a therapist that

885
00:42:08,560 --> 00:42:10,400
Speaker 2: you jive with. And I was, I was looking for

886
00:42:10,520 --> 00:42:13,200
Speaker 2: therapists before you know, better help and talk space and

887
00:42:13,239 --> 00:42:16,360
Speaker 2: all these new apps and stuff. But I whenever I

888
00:42:16,480 --> 00:42:18,680
Speaker 2: kind of bring it up, I can feel the air

889
00:42:18,800 --> 00:42:21,479
Speaker 2: in the room changed around. My husband and his family

890
00:42:21,520 --> 00:42:25,360
Speaker 2: their Dominican American and you know, first generation in this country,

891
00:42:25,840 --> 00:42:28,480
Speaker 2: and there's just there's a bit of a stigma about it.

892
00:42:28,520 --> 00:42:31,200
Speaker 2: It's very much like not from him, but like from

893
00:42:31,280 --> 00:42:33,680
Speaker 2: some of his extended family. You know, why won't you

894
00:42:33,760 --> 00:42:35,480
Speaker 2: just talk to God about that? And by the way,

895
00:42:36,200 --> 00:42:40,240
Speaker 2: I come from a very uh southern Black family in Atlanta,

896
00:42:40,280 --> 00:42:41,440
Speaker 2: and it's the same damn thing.

897
00:42:41,560 --> 00:42:43,759
Speaker 1: It's like, oh no, we talked to Jesus when we

898
00:42:43,840 --> 00:42:44,560
Speaker 1: have problems.

899
00:42:44,719 --> 00:42:45,279
Speaker 3: We know what.

900
00:42:46,000 --> 00:42:47,520
Speaker 1: So what was that like for you?

901
00:42:47,719 --> 00:42:50,320
Speaker 2: Was it easy for you to turn to therapy in

902
00:42:50,440 --> 00:42:52,640
Speaker 2: your journey or did you have did you have any

903
00:42:52,719 --> 00:42:54,640
Speaker 2: like internalized stigmas against it as well?

904
00:42:55,239 --> 00:42:58,480
Speaker 4: I definitely had internalized stigmas. My husband went to therapy

905
00:42:58,600 --> 00:43:02,040
Speaker 4: before I did, and so I actually followed his example

906
00:43:02,160 --> 00:43:05,719
Speaker 4: because mental health was something that was very common in

907
00:43:06,000 --> 00:43:08,840
Speaker 4: his family, like to talk about and I was the

908
00:43:08,920 --> 00:43:11,880
Speaker 4: complete opposite. So he actually gave me like the courage

909
00:43:11,920 --> 00:43:14,879
Speaker 4: to even pursue this. And you know, at some point

910
00:43:14,920 --> 00:43:16,960
Speaker 4: I wanted to talk about it to my family too,

911
00:43:17,080 --> 00:43:19,239
Speaker 4: And when I first told them, of course, they're just like, girl, like,

912
00:43:19,320 --> 00:43:20,800
Speaker 4: what do you have to complain about? Like, you have

913
00:43:20,880 --> 00:43:23,640
Speaker 4: a perfect life, get over it. Your anxiety is made up,

914
00:43:23,640 --> 00:43:25,880
Speaker 4: blah blah blah. But at some point, you know, you

915
00:43:26,080 --> 00:43:29,200
Speaker 4: kind of have to just brush that stuff aside and realize, like,

916
00:43:29,560 --> 00:43:32,000
Speaker 4: your feelings are your feelings. You don't need somebody else

917
00:43:32,040 --> 00:43:35,000
Speaker 4: to validate them, and if you need help, like, that's

918
00:43:35,280 --> 00:43:39,920
Speaker 4: what it's there for. So whoever approves or doesn't, they

919
00:43:40,000 --> 00:43:41,600
Speaker 4: got to get over that shit because it has nothing

920
00:43:41,600 --> 00:43:41,960
Speaker 4: to do with you.

921
00:43:43,000 --> 00:43:44,120
Speaker 1: I love that your husband.

922
00:43:44,480 --> 00:43:47,719
Speaker 2: I've never heard an anecdote from someone saying my my

923
00:43:47,840 --> 00:43:51,080
Speaker 2: male partner, my husband encouraged me to get into therapy.

924
00:43:51,160 --> 00:43:53,160
Speaker 2: I want to hear more stories like that. I think

925
00:43:53,239 --> 00:43:56,960
Speaker 2: that's amazing. Yeah, okay, well we don't have that much time,

926
00:43:57,040 --> 00:43:59,520
Speaker 2: but I want to. So we haven't even gotten to YO.

927
00:44:00,600 --> 00:44:04,239
Speaker 2: But before her, you've lived like twelve lives in the

928
00:44:04,280 --> 00:44:07,200
Speaker 2: past decade. It feels like, but you you didn't start

929
00:44:07,200 --> 00:44:09,760
Speaker 2: with jokto di Nato while you were working. You've launched

930
00:44:09,840 --> 00:44:13,200
Speaker 2: your food blog, right, Delish Delights, which is to this

931
00:44:13,400 --> 00:44:16,120
Speaker 2: day one of your ten income sources, which we're gonna

932
00:44:16,160 --> 00:44:19,920
Speaker 2: talk to Genie about how she has ten streams of income,

933
00:44:20,000 --> 00:44:22,520
Speaker 2: which is like major goals, But talk to me about

934
00:44:22,600 --> 00:44:25,720
Speaker 2: Delish Delights how it is making money for you today.

935
00:44:25,920 --> 00:44:29,000
Speaker 2: And then when did you pivot from food blogging to

936
00:44:29,760 --> 00:44:31,480
Speaker 2: money blogging and money advice?

937
00:44:32,160 --> 00:44:34,840
Speaker 4: Yeah, so the food blog is definitely like a creative

938
00:44:34,880 --> 00:44:37,520
Speaker 4: outlet that I started because of this frustration that I

939
00:44:37,560 --> 00:44:40,640
Speaker 4: had around my career. I had a typical quarter life

940
00:44:40,680 --> 00:44:42,279
Speaker 4: crisis where I'm like I wake up, like I'm like

941
00:44:42,320 --> 00:44:43,400
Speaker 4: twenty seven years old.

942
00:44:43,760 --> 00:44:44,879
Speaker 1: What the hell is my life?

943
00:44:45,040 --> 00:44:47,640
Speaker 4: Like why is this the thing that we all have

944
00:44:47,719 --> 00:44:48,840
Speaker 4: to do? Like why do we just have to go

945
00:44:48,880 --> 00:44:50,839
Speaker 4: to work every day and work till we're sixty five

946
00:44:50,920 --> 00:44:53,480
Speaker 4: and then like go and enjoy life. So I was

947
00:44:53,560 --> 00:44:56,120
Speaker 4: convinced that like maybe I should just quit my job

948
00:44:56,320 --> 00:44:58,480
Speaker 4: and go to culinary school and I'm going to be like,

949
00:44:59,000 --> 00:45:03,640
Speaker 4: you know, Gordon Rams or something. But then I realized, okay, wait,

950
00:45:03,760 --> 00:45:05,840
Speaker 4: so I'm gonna take like a massive pay cup because

951
00:45:05,920 --> 00:45:08,360
Speaker 4: we all know the restaurant industry doesn't pay. I'm going

952
00:45:08,440 --> 00:45:10,480
Speaker 4: to get into more student loans debt when I'm still

953
00:45:10,520 --> 00:45:14,440
Speaker 4: paying off like my master's degree. Hold on, maybe this

954
00:45:14,640 --> 00:45:17,440
Speaker 4: is not the route to go. So then I discovered

955
00:45:17,480 --> 00:45:21,480
Speaker 4: the world of online blogging. So I started finding websites

956
00:45:21,560 --> 00:45:24,880
Speaker 4: like skinny Taste dot com and The Pioneer Woman, and

957
00:45:25,080 --> 00:45:29,320
Speaker 4: I realized, oh, this love of cooking that I have

958
00:45:29,560 --> 00:45:32,000
Speaker 4: can actually be something that I can do from home

959
00:45:32,560 --> 00:45:35,960
Speaker 4: and I can create like this website, and maybe I

960
00:45:36,040 --> 00:45:39,560
Speaker 4: can actually monetize this, and so I dove in like

961
00:45:39,760 --> 00:45:43,640
Speaker 4: head first. I created my blog. I started sharing recipes.

962
00:45:43,680 --> 00:45:44,080
Speaker 2: Every day.

963
00:45:44,120 --> 00:45:45,960
Speaker 4: I was like, you know, my husband would come home,

964
00:45:46,000 --> 00:45:47,680
Speaker 4: I'd be like on top of the kitchen table, like

965
00:45:47,800 --> 00:45:52,279
Speaker 4: taking pictures every dish in the you know, kitchen sink,

966
00:45:52,320 --> 00:45:55,799
Speaker 4: all the pots would be used. And then I got

967
00:45:55,880 --> 00:45:58,040
Speaker 4: laid off like six months after I started the blog

968
00:45:58,120 --> 00:46:00,840
Speaker 4: and have this free time to myself to really just

969
00:46:00,920 --> 00:46:03,320
Speaker 4: pretend like what would it be like if I was

970
00:46:03,400 --> 00:46:06,520
Speaker 4: a self employed person making a living off of a

971
00:46:06,600 --> 00:46:09,440
Speaker 4: food blog. So I took the opportunity to take some

972
00:46:09,640 --> 00:46:12,680
Speaker 4: courses in food blogging, which was just becoming like a

973
00:46:12,800 --> 00:46:15,160
Speaker 4: thing that people were actually teaching you how to do

974
00:46:15,400 --> 00:46:17,720
Speaker 4: that you could actually make money on. And I started

975
00:46:17,760 --> 00:46:21,840
Speaker 4: implementing what I was learning into my journey as a blogger.

976
00:46:22,440 --> 00:46:25,719
Speaker 4: And so here we are, like eight years later. I

977
00:46:25,800 --> 00:46:29,320
Speaker 4: started monetizing the blog maybe two years after I started it,

978
00:46:29,440 --> 00:46:32,960
Speaker 4: because those two years were basically a huge learning curve

979
00:46:33,000 --> 00:46:35,240
Speaker 4: where I was starting to understand, like how you actually

980
00:46:35,280 --> 00:46:38,799
Speaker 4: monetize a brand that you create online. And eight years later,

981
00:46:39,120 --> 00:46:42,200
Speaker 4: the blog is earning anywhere from ten to fifteen thousand

982
00:46:42,239 --> 00:46:47,360
Speaker 4: dollars a month in passive income from ads, from traffic

983
00:46:47,520 --> 00:46:49,680
Speaker 4: that is coming to my website. I reach about four

984
00:46:49,760 --> 00:46:53,439
Speaker 4: million visitors a year now with my website. Thank y'all

985
00:46:53,520 --> 00:46:57,040
Speaker 4: so much for rocking with me this past month during

986
00:46:57,080 --> 00:47:00,560
Speaker 4: our summer co host series. I missed TIF She will

987
00:47:00,600 --> 00:47:03,839
Speaker 4: be back next week, so check out our episode coming

988
00:47:03,920 --> 00:47:06,440
Speaker 4: up next week on July. Let me look at my calendar,

989
00:47:06,480 --> 00:47:11,319
Speaker 4: because y'all know, mom brain is a real affliction. July fourteenth,

990
00:47:11,440 --> 00:47:14,759
Speaker 4: we are back with a fresh episode with Tiffany. She

991
00:47:14,880 --> 00:47:16,399
Speaker 4: is going to be back in the co host chair.

992
00:47:16,480 --> 00:47:17,239
Speaker 4: I cannot wait.

993
00:47:17,360 --> 00:47:20,160
Speaker 2: But again, thank you so much to our listeners for

994
00:47:20,320 --> 00:47:23,160
Speaker 2: rocking with me this past month and to our co host,

995
00:47:23,280 --> 00:47:27,440
Speaker 2: Chris Berna, Janie Jamila. Thank y'all so so much from

996
00:47:27,480 --> 00:47:30,080
Speaker 2: the bottom of my heart for joining me and opening

997
00:47:30,160 --> 00:47:31,560
Speaker 2: up about your financial journeys.

998
00:47:31,600 --> 00:47:32,120
Speaker 1: They have been.

999
00:47:32,080 --> 00:47:37,040
Speaker 2: Inspiring, hilarious, thought provoking. I can't wait. Can't wait for

1000
00:47:37,120 --> 00:47:39,120
Speaker 2: you guys to catch up and listen to all of them.

1001
00:47:39,600 --> 00:47:43,160
Speaker 2: Check out our podcast wherever you get them Apple podcasts,

1002
00:47:43,320 --> 00:47:46,919
Speaker 2: Google podcast, Amazon podcasts, oh Lord, Stitcher, tune in, wherever

1003
00:47:46,960 --> 00:47:49,279
Speaker 2: you want to get them. Check out these episodes, and

1004
00:47:49,360 --> 00:47:51,480
Speaker 2: don't forget to hit us up on Instagram. Let us

1005
00:47:51,560 --> 00:47:54,160
Speaker 2: know what you liked about an episode. Send us your questions,

1006
00:47:54,520 --> 00:47:56,680
Speaker 2: y'all know we love to answer them. We are at

1007
00:47:56,800 --> 00:48:01,000
Speaker 2: Brown Ambition Podcast on Instagram, so tweet us at the

1008
00:48:01,120 --> 00:48:04,480
Speaker 2: BA podcast or send us an email where Brown Ambition

1009
00:48:04,640 --> 00:48:06,319
Speaker 2: Podcast at gmail dot com.