1
00:00:00,200 --> 00:00:02,800
Speaker 1: Hey, ba fam, we are five years into making this

2
00:00:02,880 --> 00:00:05,480
Speaker 1: podcast that we love so much called Brown Ambition, and

3
00:00:05,519 --> 00:00:08,440
Speaker 1: we could not do it without you. We've gone from

4
00:00:08,760 --> 00:00:11,960
Speaker 1: me and Tiffany sneaking around my old office building trying

5
00:00:11,960 --> 00:00:14,960
Speaker 1: to find places to record, and thanks to you, guys,

6
00:00:15,040 --> 00:00:19,040
Speaker 1: we now have one hundred thousand downloads per month for

7
00:00:19,120 --> 00:00:22,200
Speaker 1: this little show called Brown Ambition. We would love to

8
00:00:22,239 --> 00:00:25,320
Speaker 1: ask y'all for a small favor as fans of the show. Tiffany,

9
00:00:25,360 --> 00:00:26,080
Speaker 1: what are we looking for?

10
00:00:26,440 --> 00:00:28,200
Speaker 2: Here's what we'd love from you, guys.

11
00:00:28,280 --> 00:00:31,800
Speaker 3: We already have over a thousand reviews and a five

12
00:00:31,840 --> 00:00:34,760
Speaker 3: star rating on iTunes, but you know it's better than

13
00:00:34,760 --> 00:00:38,400
Speaker 3: one thousand reviews two thousand reviews. If you get head

14
00:00:38,400 --> 00:00:41,440
Speaker 3: on over to iTunes, go to our Brown Ambition page,

15
00:00:41,880 --> 00:00:45,800
Speaker 3: scroll on down to the bottom, subscribe and leave us

16
00:00:45,840 --> 00:00:47,479
Speaker 3: a five star rating and review.

17
00:00:47,800 --> 00:00:51,760
Speaker 1: So subscribe, rate review. Not too much to ask, right easyps.

18
00:00:51,960 --> 00:00:53,960
Speaker 1: We love you guys, and thank you so much for

19
00:00:54,040 --> 00:00:56,560
Speaker 1: making Brown Ambition what it is. The last five years

20
00:00:56,560 --> 00:01:00,000
Speaker 1: have been amazing and it's all things to you.

21
00:01:15,400 --> 00:01:15,680
Speaker 2: Hey.

22
00:01:16,200 --> 00:01:23,679
Speaker 4: Hey, Hey, we're back, We're black, We're Brown Ambition.

23
00:01:25,560 --> 00:01:30,440
Speaker 1: Hey mansa just hands Hey, Happy Monday Recording on this

24
00:01:30,600 --> 00:01:33,920
Speaker 1: beautiful September Monday. Listen, as you were doing the intro,

25
00:01:34,040 --> 00:01:36,680
Speaker 1: I was just like kicking myself in the face, which

26
00:01:36,720 --> 00:01:39,959
Speaker 1: I can't physically do, but you know, not literally. I

27
00:01:39,959 --> 00:01:43,000
Speaker 1: can't believe when I was designing Brown Ambition Store and

28
00:01:43,200 --> 00:01:46,640
Speaker 1: brandambisionstore dot com that I did not put that on

29
00:01:46,640 --> 00:01:47,920
Speaker 1: one of our new T shirts.

30
00:01:48,400 --> 00:01:50,440
Speaker 2: How does it go? We're back, We're black.

31
00:01:53,400 --> 00:01:53,760
Speaker 4: Shirts.

32
00:01:54,160 --> 00:01:55,520
Speaker 2: I'm doing it. We have T shirts.

33
00:01:55,560 --> 00:01:57,480
Speaker 1: Not only do we have T shirts, s Tiffany, and

34
00:01:57,520 --> 00:02:00,800
Speaker 1: thank you for for for asking about our flag, because

35
00:02:01,360 --> 00:02:05,080
Speaker 1: five years into the show, we finally have some merchandise

36
00:02:05,160 --> 00:02:08,480
Speaker 1: for you guys to rock your Brown Ambition pride everywhere

37
00:02:09,040 --> 00:02:12,959
Speaker 1: in Quarantine on your zoom calls in line six feet

38
00:02:13,000 --> 00:02:15,360
Speaker 1: away from each other at Trader Joe's Rocket.

39
00:02:15,560 --> 00:02:16,600
Speaker 2: We have T shirts.

40
00:02:16,639 --> 00:02:19,560
Speaker 1: We got onesies for the babies out there, Brand Ambish

41
00:02:19,560 --> 00:02:23,280
Speaker 1: and babies, got tote bags and the T shirts. I'm

42
00:02:23,320 --> 00:02:25,919
Speaker 1: pretty proud. Oh, I'm trying to do my part for nature,

43
00:02:26,000 --> 00:02:29,280
Speaker 1: so they're recycled. I will spare you the details on

44
00:02:30,360 --> 00:02:34,840
Speaker 1: the terrible pollution that clothes create. But anyway, check out

45
00:02:34,840 --> 00:02:37,720
Speaker 1: our store, Brownibision store dot com and pick up some

46
00:02:37,840 --> 00:02:41,160
Speaker 1: swag and then you've got to share. We need pictures,

47
00:02:41,680 --> 00:02:43,960
Speaker 1: pictures of y'all swag of.

48
00:02:44,000 --> 00:02:46,960
Speaker 3: Course, hashtag brownhimbisions BA swag. That's what you should do.

49
00:02:47,720 --> 00:02:51,320
Speaker 1: Hashtag BA swag or just hashtag Brown Ambition and tag

50
00:02:51,400 --> 00:02:55,080
Speaker 1: us on Instagram, at Brown Ambition Podcast, on Facebook wherever.

51
00:02:55,320 --> 00:02:58,040
Speaker 1: We're all over the place, at Mandy Money at the Budgetista,

52
00:02:58,120 --> 00:02:59,000
Speaker 1: y'all know where to find us.

53
00:02:59,880 --> 00:03:03,360
Speaker 2: I'm really really excited. Yeah, So what's the store adjust again,

54
00:03:04,440 --> 00:03:08,880
Speaker 2: Brown Ambition store dot com. So easy to remember, so

55
00:03:08,919 --> 00:03:09,639
Speaker 2: easy to remember.

56
00:03:09,960 --> 00:03:11,679
Speaker 1: I will prepare you all though, because I was a

57
00:03:11,680 --> 00:03:13,680
Speaker 1: little surprised by this is my first time setting up

58
00:03:13,720 --> 00:03:17,000
Speaker 1: a swag store, and I mean shocking because it took

59
00:03:17,040 --> 00:03:20,800
Speaker 1: me five years to do that. But anyway, I did it. Okay, listen,

60
00:03:20,880 --> 00:03:23,600
Speaker 1: but and I used print full just full disclosure, and

61
00:03:23,840 --> 00:03:26,520
Speaker 1: you can connect that through a site called shopify. So

62
00:03:26,639 --> 00:03:28,440
Speaker 1: I know that you guys, especially those of you who

63
00:03:28,480 --> 00:03:30,720
Speaker 1: checked that our episode with Sandy Smith where we were

64
00:03:30,720 --> 00:03:32,919
Speaker 1: talking about side hustles. So one of the common side

65
00:03:32,960 --> 00:03:36,360
Speaker 1: hustles these days is drop shipping, which is essentially when

66
00:03:36,400 --> 00:03:38,560
Speaker 1: you create you know, you can put your logo or

67
00:03:38,600 --> 00:03:41,280
Speaker 1: create a custom design for a product, but then instead

68
00:03:41,280 --> 00:03:44,360
Speaker 1: of ordering a huge, you know, stock of that product

69
00:03:44,400 --> 00:03:47,120
Speaker 1: and keeping it in your basement until it's sold, you

70
00:03:47,160 --> 00:03:49,320
Speaker 1: can use a drop shipping company to hold the product

71
00:03:49,400 --> 00:03:51,320
Speaker 1: for you and do all of the hard work of

72
00:03:51,800 --> 00:03:55,520
Speaker 1: printing or manufacturing the products and then shipping them out

73
00:03:55,560 --> 00:03:58,080
Speaker 1: to your customers. So we use print full. And I

74
00:03:58,160 --> 00:04:00,680
Speaker 1: was really surprised because, you know, with ambition, I mean,

75
00:04:00,760 --> 00:04:02,960
Speaker 1: let's let's just be real here, our audience is mostly

76
00:04:02,960 --> 00:04:06,280
Speaker 1: women of color, like probably more than eighty percent of

77
00:04:06,280 --> 00:04:09,560
Speaker 1: our audience women of color, and we I was surprised

78
00:04:09,600 --> 00:04:12,160
Speaker 1: that I wasn't able to get a more diverse lineup

79
00:04:12,200 --> 00:04:14,920
Speaker 1: of models on the print full website. And I was

80
00:04:14,920 --> 00:04:16,960
Speaker 1: so surprised that I was like, am I just missing

81
00:04:16,960 --> 00:04:19,280
Speaker 1: the right button? Like is there a button or some setting?

82
00:04:19,360 --> 00:04:21,960
Speaker 1: And you know, it's not like super easy to navigate.

83
00:04:22,000 --> 00:04:24,640
Speaker 1: So I went to customer support and I live chatted

84
00:04:24,640 --> 00:04:28,039
Speaker 1: a very nice gentleman and he said, you know, that's

85
00:04:28,160 --> 00:04:31,280
Speaker 1: actually not an option, but if you'd like to go

86
00:04:31,360 --> 00:04:34,760
Speaker 1: to our feature request form and he said, submit every

87
00:04:34,760 --> 00:04:37,480
Speaker 1: request for this to be a future that's added. And

88
00:04:37,920 --> 00:04:39,640
Speaker 1: I went to the future request and it's one of

89
00:04:39,640 --> 00:04:42,640
Speaker 1: those things where you can upvote features that like, if

90
00:04:42,680 --> 00:04:45,200
Speaker 1: you see someone else's requested a feature that you really want,

91
00:04:45,480 --> 00:04:48,000
Speaker 1: you can upvote it. So here's what I need y'all

92
00:04:48,000 --> 00:04:50,240
Speaker 1: to do. I'm going to post a link in our

93
00:04:50,279 --> 00:04:52,760
Speaker 1: show notes, and you need to click that link and

94
00:04:52,920 --> 00:04:56,919
Speaker 1: up vote my request for printfual to have more inclusive models,

95
00:04:56,960 --> 00:04:59,960
Speaker 1: because there is no reason we should not be able

96
00:04:59,920 --> 00:05:02,919
Speaker 1: to to have a group of beautiful women of color

97
00:05:03,279 --> 00:05:05,560
Speaker 1: repping our brand, because that is what Brown Ambition is

98
00:05:05,600 --> 00:05:10,680
Speaker 1: all about. And I was genuinely surprised, and the guy

99
00:05:10,800 --> 00:05:13,120
Speaker 1: on customer service was like, I think there might be

100
00:05:13,160 --> 00:05:15,480
Speaker 1: a few other requests like this. There were maybe two

101
00:05:15,680 --> 00:05:19,120
Speaker 1: and they each had like four votes, So this is

102
00:05:19,160 --> 00:05:22,040
Speaker 1: where we can make some kind of difference. I'm genuinely

103
00:05:22,080 --> 00:05:24,120
Speaker 1: shocked that I even have to, but you know what

104
00:05:24,160 --> 00:05:26,679
Speaker 1: this is, what is like you think in twenty twenty,

105
00:05:26,839 --> 00:05:29,359
Speaker 1: these things, You know you shouldn't have to ask for

106
00:05:29,360 --> 00:05:32,320
Speaker 1: these types of things, but listen, we do, and I

107
00:05:32,400 --> 00:05:37,159
Speaker 1: think I think Brown Ambition Nation can help create some change.

108
00:05:37,360 --> 00:05:39,400
Speaker 1: So go to my show notes, go to our show

109
00:05:39,440 --> 00:05:43,120
Speaker 1: notes and click our link to our future request, and

110
00:05:43,160 --> 00:05:44,520
Speaker 1: please please please upvote it.

111
00:05:44,880 --> 00:05:45,839
Speaker 2: Up vote, up vote.

112
00:05:46,640 --> 00:05:48,919
Speaker 1: M hmm, let's shame them in our up vote, and

113
00:05:48,960 --> 00:05:51,200
Speaker 1: I like that we're doing that, like use their own process,

114
00:05:51,400 --> 00:05:53,680
Speaker 1: and then if we don't get a response, then we

115
00:05:53,680 --> 00:05:55,760
Speaker 1: can take it to Twitter. So don't go you know,

116
00:05:55,800 --> 00:05:58,239
Speaker 1: if we don't need y'all to like you, just drag

117
00:05:58,320 --> 00:05:58,920
Speaker 1: them on Twitter.

118
00:05:59,080 --> 00:06:01,960
Speaker 2: Just yes, you know, Twitter, it's my go to girl.

119
00:06:02,640 --> 00:06:04,320
Speaker 2: Like I was like, why did I someone remember we

120
00:06:04,360 --> 00:06:07,359
Speaker 2: told a young woman to like to go to Twitter?

121
00:06:07,480 --> 00:06:09,280
Speaker 2: She's like, girl, it worked.

122
00:06:09,440 --> 00:06:12,479
Speaker 1: Yeah out Like me, I mean remember my washing machine saga,

123
00:06:12,520 --> 00:06:15,480
Speaker 1: my dishwasher saga eighteen nineteen.

124
00:06:15,480 --> 00:06:16,840
Speaker 3: I was like, tag me, girl, we gonna go back

125
00:06:16,880 --> 00:06:18,880
Speaker 3: and forth and be like disgusted in open court.

126
00:06:19,120 --> 00:06:20,360
Speaker 2: And they were like, how can we help you?

127
00:06:20,400 --> 00:06:23,640
Speaker 1: I was like, I thought, so right, well, let's see,

128
00:06:23,760 --> 00:06:25,720
Speaker 1: I would like to give them. I think giving them

129
00:06:25,760 --> 00:06:27,799
Speaker 1: a chance to do the right thing first and foremost,

130
00:06:28,000 --> 00:06:29,840
Speaker 1: because it's not like they don't have diverse models.

131
00:06:29,839 --> 00:06:30,240
Speaker 2: They do.

132
00:06:30,360 --> 00:06:32,760
Speaker 1: It's just that you know that you can't quite you

133
00:06:32,800 --> 00:06:34,760
Speaker 1: can't like select, it was just luck of the draw.

134
00:06:35,080 --> 00:06:37,000
Speaker 1: So then I couldn't even pick like women. You know,

135
00:06:37,080 --> 00:06:39,200
Speaker 1: it was like I think there was like a guy,

136
00:06:39,360 --> 00:06:43,599
Speaker 1: like different guys, different women, different hairstyles whatever. But you know,

137
00:06:43,720 --> 00:06:46,120
Speaker 1: so they just need more customization. I think of the models,

138
00:06:46,440 --> 00:06:48,200
Speaker 1: but it's got to be hard, you know, to their defense,

139
00:06:48,240 --> 00:06:49,400
Speaker 1: it's got to be hard to do that in a

140
00:06:49,440 --> 00:06:51,919
Speaker 1: way where you know, you wouldn't have the opposite happening,

141
00:06:52,160 --> 00:06:55,880
Speaker 1: like brands being like, mmm, like we just want only

142
00:06:55,920 --> 00:06:58,640
Speaker 1: white people to buy our products, which I can't imagine

143
00:06:58,680 --> 00:07:01,840
Speaker 1: why because you're really luting lots of money that way exactly.

144
00:07:02,240 --> 00:07:05,160
Speaker 1: But uh, anyhow, what the hell else is going? Oh

145
00:07:05,160 --> 00:07:06,200
Speaker 1: my god, the world's ending.

146
00:07:06,360 --> 00:07:07,080
Speaker 2: Yes, but I was.

147
00:07:07,040 --> 00:07:12,240
Speaker 3: Having because we are focusing on the listeners and we

148
00:07:12,320 --> 00:07:16,360
Speaker 3: basically have a mail bag episode Mailbag.

149
00:07:17,280 --> 00:07:19,840
Speaker 1: All about you guys. So we've had Gusts the past

150
00:07:19,880 --> 00:07:23,119
Speaker 1: couple of weeks and they were two of my favorite shows,

151
00:07:23,160 --> 00:07:25,120
Speaker 1: kind of back to back, but we had just freight

152
00:07:25,200 --> 00:07:26,600
Speaker 1: saying from minority mind.

153
00:07:26,800 --> 00:07:28,600
Speaker 2: How I feel about that? So Le's not.

154
00:07:28,600 --> 00:07:32,840
Speaker 1: Even I'd never heard of him, and it was actually

155
00:07:32,880 --> 00:07:35,480
Speaker 1: really embarrassing from.

156
00:07:35,080 --> 00:07:36,360
Speaker 2: It was my favorite.

157
00:07:36,480 --> 00:07:39,520
Speaker 1: But yeah, no, And if you hear the salivation through

158
00:07:39,680 --> 00:07:41,440
Speaker 1: the through the mic.

159
00:07:41,400 --> 00:07:44,080
Speaker 2: I don't, like I said, it's not just free himself physically.

160
00:07:44,560 --> 00:07:47,920
Speaker 3: It's just like, oh, I just love other financial educators

161
00:07:47,920 --> 00:07:50,440
Speaker 3: and he's one that hasn't been in the brown mix

162
00:07:50,680 --> 00:07:52,840
Speaker 3: as much as like, cause we know basically everyone and

163
00:07:52,880 --> 00:07:55,200
Speaker 3: we're super cool and friends with everyone. So to find

164
00:07:55,200 --> 00:07:58,440
Speaker 3: a new one, someone who really focuses on education is

165
00:07:58,560 --> 00:08:02,520
Speaker 3: so good. But yeah, no, I'm excited for the mail bag.

166
00:08:02,680 --> 00:08:02,920
Speaker 4: Have you.

167
00:08:03,000 --> 00:08:06,200
Speaker 3: I don't know, like, does the baby watch like Elmo

168
00:08:06,320 --> 00:08:07,920
Speaker 3: and like Sesame Streetya?

169
00:08:08,000 --> 00:08:09,280
Speaker 2: He really loves Elma.

170
00:08:09,360 --> 00:08:10,960
Speaker 1: I don't know if I can say he watches it,

171
00:08:11,040 --> 00:08:13,320
Speaker 1: but he's delighted by it about twenty seconds.

172
00:08:13,320 --> 00:08:15,240
Speaker 3: Cause you know, there's like I when I seach preschool,

173
00:08:15,240 --> 00:08:16,800
Speaker 3: we would watch it in the morning as the kids

174
00:08:16,800 --> 00:08:18,240
Speaker 3: that were coming in, and they would be thing.

175
00:08:18,320 --> 00:08:21,320
Speaker 2: It'd be like, Elmo has mail, Elmo has mail, Elmo has.

176
00:08:21,080 --> 00:08:23,840
Speaker 3: Mail, And I feel like, this is what's happening right

177
00:08:23,880 --> 00:08:25,239
Speaker 3: now that Ba has mail?

178
00:08:25,880 --> 00:08:27,920
Speaker 2: Are you sending me things? Oh?

179
00:08:27,960 --> 00:08:30,080
Speaker 1: No, I was just I was hitting the save button.

180
00:08:30,080 --> 00:08:34,280
Speaker 1: I think my computer makes fun clicking noise back. Wait,

181
00:08:34,320 --> 00:08:35,800
Speaker 1: but is this a new setting that I just take

182
00:08:35,800 --> 00:08:41,880
Speaker 1: a screen shop? I'm just trying to save? But okay, whatever, Yes,

183
00:08:42,040 --> 00:08:42,800
Speaker 1: BA has mail.

184
00:08:42,880 --> 00:08:43,600
Speaker 4: BA has mail.

185
00:08:43,960 --> 00:08:46,320
Speaker 2: BA has mail? So do we ever?

186
00:08:46,640 --> 00:08:49,520
Speaker 1: We have email? We have Instagram messages. I dug through

187
00:08:49,559 --> 00:08:52,080
Speaker 1: them all and tried to get a nice little group

188
00:08:52,120 --> 00:08:53,880
Speaker 1: of them, But that does not mean that we're never

189
00:08:53,920 --> 00:08:55,960
Speaker 1: gonna take y'all's questions again. In fact, we were trying

190
00:08:55,960 --> 00:08:58,800
Speaker 1: to come up with even more efficient ways for y'all

191
00:08:58,800 --> 00:09:02,040
Speaker 1: to get your questions on the show. In the meantime, though,

192
00:09:02,160 --> 00:09:05,120
Speaker 1: hit us up Brown Ambition Podcast at gmail dot com,

193
00:09:05,120 --> 00:09:08,360
Speaker 1: Old School, or holler at me on Instagram. We are

194
00:09:08,400 --> 00:09:12,959
Speaker 1: at Brown Ambition Podcast on ig Yes we are. Before

195
00:09:12,960 --> 00:09:14,520
Speaker 1: we get to the mail bag, can we just do

196
00:09:14,760 --> 00:09:17,520
Speaker 1: a quick, quick, quick? I know there's so much. I mean,

197
00:09:17,679 --> 00:09:19,920
Speaker 1: the news is just trying us. And I've been thinking

198
00:09:19,960 --> 00:09:22,480
Speaker 1: so much about doctor Eimani's advice room last week, which

199
00:09:22,520 --> 00:09:24,920
Speaker 1: was like limit yourself to fifteen minutes of news a

200
00:09:25,000 --> 00:09:27,280
Speaker 1: day and just read it on your like news app

201
00:09:27,280 --> 00:09:30,120
Speaker 1: and then stop, because I've turned into that, Like I

202
00:09:30,240 --> 00:09:33,760
Speaker 1: just constantly am asking Google to tell me the news, like, hey, Google,

203
00:09:33,800 --> 00:09:34,320
Speaker 1: what's the news?

204
00:09:34,440 --> 00:09:34,840
Speaker 4: Even if it.

205
00:09:34,800 --> 00:09:37,720
Speaker 1: Hasn't changed, something about it just comforts me. But this

206
00:09:37,800 --> 00:09:41,920
Speaker 1: weekend it was all about RBG. Yeah, Ruth Bader Ginsburg,

207
00:09:42,320 --> 00:09:45,080
Speaker 1: the second woman to ever hold a Supreme Court seat

208
00:09:45,720 --> 00:09:48,520
Speaker 1: and such a champion of equal rights for women in

209
00:09:48,559 --> 00:09:52,400
Speaker 1: her story is just so powerful and she's gone on.

210
00:09:52,640 --> 00:09:56,520
Speaker 1: I know, I just want to take I mean, I'm

211
00:09:56,760 --> 00:09:58,920
Speaker 1: power else if you're out there, you know at one

212
00:09:58,920 --> 00:10:01,320
Speaker 1: of her memorials are all happening all over the country.

213
00:10:02,760 --> 00:10:05,800
Speaker 1: I get people are stressed because, you know, this was

214
00:10:05,880 --> 00:10:08,000
Speaker 1: the fear all along. We were all just praying for

215
00:10:08,120 --> 00:10:11,719
Speaker 1: RBG to survive, you know, Trump's term, so that he

216
00:10:11,760 --> 00:10:14,320
Speaker 1: wouldn't have an opportunity to replace her with someone even

217
00:10:14,360 --> 00:10:18,680
Speaker 1: more conservative. And you know, right before the election she

218
00:10:18,760 --> 00:10:23,920
Speaker 1: passes away. So I don't it's it's sad, but it's

219
00:10:24,000 --> 00:10:26,920
Speaker 1: also just a reminder one of the things that I

220
00:10:26,960 --> 00:10:29,439
Speaker 1: was sort of surprised by. I guess it was a reminder,

221
00:10:29,440 --> 00:10:32,480
Speaker 1: but also it's like I didn't realize, I mean, it

222
00:10:32,520 --> 00:10:35,319
Speaker 1: makes sense so we can decide how many justices sit

223
00:10:35,360 --> 00:10:38,680
Speaker 1: on the Supreme Court. And I follow bon Dair Jones,

224
00:10:38,720 --> 00:10:42,120
Speaker 1: who's a very exciting congressional candidate. He's he's running for

225
00:10:42,160 --> 00:10:44,160
Speaker 1: office in the district we live in New York, and

226
00:10:44,280 --> 00:10:48,600
Speaker 1: he's you know, he's a he's a black man, and

227
00:10:48,760 --> 00:10:51,360
Speaker 1: you know, he's he's very he's just awesome.

228
00:10:51,400 --> 00:10:52,080
Speaker 2: He's a progressive.

229
00:10:52,160 --> 00:10:55,240
Speaker 1: All that he was posting on the GRAM and kind

230
00:10:55,240 --> 00:10:57,640
Speaker 1: of talking about how like, you know, this could be

231
00:10:57,679 --> 00:11:01,199
Speaker 1: a case for increasing the number of justices on the

232
00:11:01,240 --> 00:11:05,280
Speaker 1: Supreme Court, like if the Republicans pushed through their own

233
00:11:05,320 --> 00:11:07,760
Speaker 1: nominee for the Supreme Court, even though that seems like,

234
00:11:07,840 --> 00:11:09,920
Speaker 1: I mean, I want to believe it's unlikely.

235
00:11:09,480 --> 00:11:10,720
Speaker 2: But like let's say it happens.

236
00:11:10,800 --> 00:11:14,480
Speaker 1: Yeah, you know what we could do if Biden wins

237
00:11:14,559 --> 00:11:17,520
Speaker 1: is like ask for more justices. And part of me

238
00:11:17,600 --> 00:11:22,240
Speaker 1: feels like this is a level of like widespread conversation

239
00:11:22,360 --> 00:11:26,760
Speaker 1: and households that just wasn't happening before, like the economic

240
00:11:26,800 --> 00:11:30,000
Speaker 1: like the what do you call it, civic government level

241
00:11:30,040 --> 00:11:33,040
Speaker 1: of conversation we're having, like people need to understand, we

242
00:11:33,080 --> 00:11:34,960
Speaker 1: need to go back to basics, like here are the

243
00:11:34,960 --> 00:11:38,280
Speaker 1: three branches of the government. Here's how they work. And

244
00:11:38,320 --> 00:11:41,320
Speaker 1: I think it all comes back to how important it

245
00:11:41,360 --> 00:11:44,640
Speaker 1: is for people to vote for their elected officials in Congress.

246
00:11:45,280 --> 00:11:49,120
Speaker 1: President great, but like Congress even more important when it

247
00:11:49,160 --> 00:11:52,520
Speaker 1: comes to like making laws and deciding how things are structured,

248
00:11:52,640 --> 00:11:56,320
Speaker 1: like the judicial branch. So that's my little Civics lesson

249
00:11:56,440 --> 00:11:59,560
Speaker 1: for the day, and dot dot dot, I'm just gonna

250
00:11:59,640 --> 00:12:00,000
Speaker 1: leave it there.

251
00:12:00,679 --> 00:12:03,160
Speaker 2: Isn't there there's a movie based upon her life, right,

252
00:12:03,320 --> 00:12:05,280
Speaker 2: what's the movie? Called Netflix.

253
00:12:05,920 --> 00:12:07,640
Speaker 1: I don't remember what it's called, but yeah, it has

254
00:12:07,679 --> 00:12:11,160
Speaker 1: the same ath. I was just remembering, what's the actress's

255
00:12:11,240 --> 00:12:14,400
Speaker 1: name she was in She was in that thing and

256
00:12:14,480 --> 00:12:15,480
Speaker 1: that movie with that guy.

257
00:12:15,760 --> 00:12:18,280
Speaker 2: Oh yeah, the thing, the movie the guy Got It.

258
00:12:18,559 --> 00:12:20,559
Speaker 1: I haven't watched the I haven't watched the film. But

259
00:12:20,600 --> 00:12:23,320
Speaker 1: there was also a documentary. It was like the Year

260
00:12:23,320 --> 00:12:25,040
Speaker 1: of RBG was a couple of years ago, and there

261
00:12:25,080 --> 00:12:29,040
Speaker 1: was a documentary and then the movie. I downloaded her audiobook,

262
00:12:29,080 --> 00:12:32,800
Speaker 1: her memoir or her biography more like from audible, and

263
00:12:32,840 --> 00:12:36,120
Speaker 1: it's good because it's not quite like a traditional memoir.

264
00:12:36,200 --> 00:12:39,480
Speaker 1: She's reading speeches and she's reading like dissenting because she

265
00:12:39,520 --> 00:12:43,400
Speaker 1: was famous for her her dissenting opinions, like writing really

266
00:12:44,679 --> 00:12:48,040
Speaker 1: you know, eloquent justifications for why she wasn't, you know,

267
00:12:48,120 --> 00:12:52,880
Speaker 1: voting against something or not voting ruling against something. But yeah,

268
00:12:52,920 --> 00:12:56,360
Speaker 1: so I recommend her her audiobook if you're wanting to

269
00:12:56,400 --> 00:12:58,720
Speaker 1: do you know, wanting to like bask in the glory

270
00:12:58,760 --> 00:13:02,600
Speaker 1: of her story, but also voting helps vote, it does.

271
00:13:03,559 --> 00:13:06,520
Speaker 1: Please vote, and don't just vote for president and come back,

272
00:13:07,440 --> 00:13:10,080
Speaker 1: come back, come back and vote in the midterms.

273
00:13:09,840 --> 00:13:12,679
Speaker 2: Because that really means the most because here's the thing.

274
00:13:12,920 --> 00:13:16,520
Speaker 3: Your local government is what controls your local life. So

275
00:13:16,679 --> 00:13:19,080
Speaker 3: you want to make sure that you're really voting for

276
00:13:19,200 --> 00:13:20,840
Speaker 3: like what's going to actually happen in your town. That

277
00:13:21,120 --> 00:13:23,240
Speaker 3: not to say, obviously the presidency doesn't have a huge

278
00:13:23,240 --> 00:13:26,120
Speaker 3: effect on your life, but you know who sits on

279
00:13:26,200 --> 00:13:30,720
Speaker 3: your you know, education board, the mayor, your assembly woman,

280
00:13:30,760 --> 00:13:32,400
Speaker 3: those things are super important as well.

281
00:13:32,960 --> 00:13:36,360
Speaker 1: Yeah, one percent, you know what I mean. Not to brag,

282
00:13:36,400 --> 00:13:38,960
Speaker 1: but I emailed my Parks and rec Department today to

283
00:13:39,000 --> 00:13:41,479
Speaker 1: tell them one of the swings at the local playground

284
00:13:41,520 --> 00:13:44,600
Speaker 1: was busted. They replaced it and sent me a picture

285
00:13:44,600 --> 00:13:47,720
Speaker 1: within a few hours. So you know, government working for

286
00:13:47,800 --> 00:13:51,400
Speaker 1: the people. Yes, beautiful. It's just little things like that,

287
00:13:51,720 --> 00:13:53,880
Speaker 1: you know, make a difference. But I do feel like,

288
00:13:53,920 --> 00:13:55,760
Speaker 1: I mean, I'm going to beat this into Rio's head.

289
00:13:55,760 --> 00:13:57,959
Speaker 1: We'll not beat it into but I'm going to make

290
00:13:58,000 --> 00:14:00,960
Speaker 1: sure that he understands it's real when it comes to

291
00:14:01,040 --> 00:14:04,920
Speaker 1: like you're like Congress, your elected officials, your localft officials,

292
00:14:04,920 --> 00:14:07,760
Speaker 1: they really really matter. And so many of them have

293
00:14:07,880 --> 00:14:10,360
Speaker 1: just been serving in this office for decades, years and

294
00:14:10,400 --> 00:14:12,760
Speaker 1: years and years and getting re elected and getting reelected

295
00:14:12,800 --> 00:14:15,840
Speaker 1: and getting reelected because nobody knows any different, and like,

296
00:14:15,840 --> 00:14:17,679
Speaker 1: no one really knows who they are in the first place.

297
00:14:18,760 --> 00:14:20,560
Speaker 1: And yet they're the ones who are going to be

298
00:14:20,640 --> 00:14:24,640
Speaker 1: deciding whether or not Trump is able to appoint a

299
00:14:24,680 --> 00:14:27,680
Speaker 1: new Supreme Court justice to take Rbg's place. Like they're

300
00:14:27,720 --> 00:14:32,120
Speaker 1: the ones who supported Brett Kavanaugh's appointment to the Supreme Court.

301
00:14:32,600 --> 00:14:35,560
Speaker 1: They are the ones who decide if legislation around immigration,

302
00:14:35,840 --> 00:14:38,680
Speaker 1: you know, ultimately gets past Like yeah, the President can

303
00:14:38,840 --> 00:14:41,240
Speaker 1: ultimately veto it, but then it can get kicked back

304
00:14:41,280 --> 00:14:43,600
Speaker 1: to Congress and then they need what a two thirds

305
00:14:43,600 --> 00:14:46,960
Speaker 1: majority and they can override it. So it really really matters.

306
00:14:47,240 --> 00:14:50,920
Speaker 1: And I just hope that this momentum and education, this

307
00:14:50,960 --> 00:14:53,400
Speaker 1: moment that we're at, you know, continues for people.

308
00:14:53,800 --> 00:14:56,520
Speaker 2: Yeah, I agree too. Youp oh my.

309
00:14:56,520 --> 00:14:58,400
Speaker 1: God, what's going to happen to the Affordable Care Act?

310
00:14:58,520 --> 00:15:01,560
Speaker 2: Oh my gosh. People are saying it's a done deal.

311
00:15:02,400 --> 00:15:06,280
Speaker 3: Honestly, I just I was talking to my sister about it,

312
00:15:06,320 --> 00:15:11,000
Speaker 3: and it's so important that you look towards yourself. You

313
00:15:11,120 --> 00:15:13,720
Speaker 3: are the superhero you're waiting for. You're going to have

314
00:15:13,760 --> 00:15:16,800
Speaker 3: to save yourself. We need to get you know, Like, honestly,

315
00:15:16,800 --> 00:15:18,440
Speaker 3: all the stuff that Mandy and I have been talking about,

316
00:15:18,440 --> 00:15:21,080
Speaker 3: which I love your comments when you guys reply like,

317
00:15:21,120 --> 00:15:21,920
Speaker 3: oh my gosh.

318
00:15:21,640 --> 00:15:24,480
Speaker 2: You know I'm saving more, I'm investing more. I'm you know.

319
00:15:25,280 --> 00:15:28,560
Speaker 3: And Mandy, I just sent Helen of my mentee Eacy

320
00:15:28,720 --> 00:15:32,200
Speaker 3: just signed up with Helen because because she was telling

321
00:15:32,200 --> 00:15:34,080
Speaker 3: me about a financial advisor who was like, yeah, he's

322
00:15:34,080 --> 00:15:36,720
Speaker 3: only gonna charge two percent, and he also wants this

323
00:15:36,760 --> 00:15:39,880
Speaker 3: fee and that Field was like, yeah, no, you know.

324
00:15:40,080 --> 00:15:42,400
Speaker 3: I was like, here are three of my faves, Helen

325
00:15:42,440 --> 00:15:45,640
Speaker 3: being one of them, Angelie who's my financial planner, my

326
00:15:45,680 --> 00:15:48,640
Speaker 3: certified financial planner, and there's another woman named Amy Irving

327
00:15:48,680 --> 00:15:50,840
Speaker 3: whoeverally like as well. And so I was like, you know,

328
00:15:51,000 --> 00:15:52,920
Speaker 3: because you want to interview more than one interview three

329
00:15:53,000 --> 00:15:55,960
Speaker 3: She loved Helen and I was like, yeah, rightfully so,

330
00:15:56,000 --> 00:15:57,080
Speaker 3: because Helen is dope.

331
00:15:57,240 --> 00:16:00,320
Speaker 2: But basically, you have to be your own superhero. I

332
00:16:00,360 --> 00:16:02,200
Speaker 2: mean you have to.

333
00:16:03,040 --> 00:16:05,000
Speaker 3: There's some things that are beyond your control, but the

334
00:16:05,040 --> 00:16:08,720
Speaker 3: things that are within your control stocking up, making sure

335
00:16:08,720 --> 00:16:11,400
Speaker 3: you have enough savings, making sure you're investing for the future,

336
00:16:11,800 --> 00:16:13,920
Speaker 3: taking care of you and your family, because it's just

337
00:16:14,840 --> 00:16:17,560
Speaker 3: I don't know what else we could do. It's scary times, honestly,

338
00:16:17,640 --> 00:16:21,040
Speaker 3: and if you don't, if you're waiting on something to

339
00:16:21,160 --> 00:16:24,240
Speaker 3: save you, it's not coming. You are going to have

340
00:16:24,280 --> 00:16:26,080
Speaker 3: to save you. You are going to have to look inward.

341
00:16:26,120 --> 00:16:27,400
Speaker 3: And we're going to have to look inward as a

342
00:16:27,440 --> 00:16:31,680
Speaker 3: community to build things up for ourselves, to create safe

343
00:16:31,720 --> 00:16:36,360
Speaker 3: spaces for ourselves, to create opportunities to make income, to

344
00:16:36,440 --> 00:16:39,040
Speaker 3: support our families, for ourselves. So that's why we're here.

345
00:16:39,040 --> 00:16:41,120
Speaker 3: That's what Brown Ambition is really all about. It's like,

346
00:16:41,560 --> 00:16:46,360
Speaker 3: you know that the ambition part is like growth, it's success.

347
00:16:46,520 --> 00:16:49,000
Speaker 3: It's living the life that you're wanting to live, and

348
00:16:49,200 --> 00:16:53,600
Speaker 3: us trying to provide examples and encouragement and support and

349
00:16:53,800 --> 00:16:56,720
Speaker 3: suggestions on your way on that journey. So yeah, you

350
00:16:56,800 --> 00:16:58,840
Speaker 3: got to lean into Brown Ambition now more than ever.

351
00:16:59,200 --> 00:17:01,600
Speaker 1: So what you're saying is we should pool our resources

352
00:17:01,760 --> 00:17:05,720
Speaker 1: Brown Ambition Nation and buy land and then create a

353
00:17:05,800 --> 00:17:10,120
Speaker 1: community called Brown Ambition. We be Brown Ambition Topia. Did

354
00:17:10,119 --> 00:17:10,720
Speaker 1: you hear about that.

355
00:17:11,320 --> 00:17:14,359
Speaker 2: Georgia, Yes, I en Georgia, I do. I'm trying.

356
00:17:14,440 --> 00:17:16,399
Speaker 1: The number nineteen is coming to mind. Is that nineteen

357
00:17:16,440 --> 00:17:20,240
Speaker 1: people or nineteen thout acres or whatever, But a lot

358
00:17:20,280 --> 00:17:23,360
Speaker 1: of people decided to buy lots of land and they're

359
00:17:23,400 --> 00:17:25,880
Speaker 1: planning on building what like a No. Eight, like basically

360
00:17:25,960 --> 00:17:30,439
Speaker 1: the Waconda of Georgia. Sounds magical. Yeah, that sound magical.

361
00:17:31,160 --> 00:17:33,919
Speaker 1: Mean whether or not that goes anywhere, that concept, I

362
00:17:33,960 --> 00:17:36,040
Speaker 1: was just I was explaining to my little brother because

363
00:17:36,119 --> 00:17:38,679
Speaker 1: he was thinking, you know, he owns his own condo

364
00:17:38,760 --> 00:17:40,160
Speaker 1: and something.

365
00:17:40,160 --> 00:17:41,800
Speaker 2: Whatever, society whoever.

366
00:17:41,960 --> 00:17:44,680
Speaker 1: He had gotten this impression that like owning real estate

367
00:17:44,760 --> 00:17:47,600
Speaker 1: or being a landlord was like something bad or had

368
00:17:47,640 --> 00:17:49,720
Speaker 1: like a negative connotation to it. And I was like, listen,

369
00:17:50,240 --> 00:17:53,080
Speaker 1: that is that is what we need. Property is everything.

370
00:17:53,119 --> 00:17:55,520
Speaker 1: Property is what was stolen from our ancestors. Property is

371
00:17:55,560 --> 00:17:57,679
Speaker 1: what's so hard to attain today. And if you've got it,

372
00:17:57,720 --> 00:17:59,160
Speaker 1: we've got to hold on to it and make sure

373
00:17:59,200 --> 00:18:02,400
Speaker 1: that others who look like us can achieve it. And

374
00:18:02,520 --> 00:18:05,160
Speaker 1: that's why I love that story out of Georgia, that community,

375
00:18:05,200 --> 00:18:07,000
Speaker 1: you know, whatever they decide to put there, at the

376
00:18:07,080 --> 00:18:09,040
Speaker 1: end of the day, black people own it. Black wealth

377
00:18:09,119 --> 00:18:11,840
Speaker 1: is being created. I love that a beautiful thing.

378
00:18:12,440 --> 00:18:15,400
Speaker 2: Okay, are you ready for questions?

379
00:18:15,680 --> 00:18:19,600
Speaker 1: I'm ready to dump out my mail bag. And before

380
00:18:19,600 --> 00:18:21,320
Speaker 1: we do that, let's take a quick quick.

381
00:18:21,119 --> 00:18:55,639
Speaker 4: Break and we are back.

382
00:18:55,960 --> 00:19:01,320
Speaker 2: Let me take up that mail bag shake.

383
00:18:59,480 --> 00:19:02,040
Speaker 1: Chic does the things on the internet rattle and shake.

384
00:19:02,600 --> 00:19:03,840
Speaker 2: I thought that's true.

385
00:19:04,080 --> 00:19:08,240
Speaker 1: Our mail gage would be oh just all over the place.

386
00:19:08,520 --> 00:19:08,760
Speaker 2: Yep.

387
00:19:08,800 --> 00:19:11,480
Speaker 1: So once again we're a brownibisionpodcast at gmail dot com

388
00:19:11,600 --> 00:19:14,640
Speaker 1: or at Brianabission podcast on IG.

389
00:19:15,000 --> 00:19:18,800
Speaker 3: Yes, and remember that we are your financial friends, not

390
00:19:18,880 --> 00:19:23,040
Speaker 3: your financial guru, not your financial planner, not your financial advisor,

391
00:19:23,119 --> 00:19:25,840
Speaker 3: which is financial friends that are just talking amongst each other.

392
00:19:26,440 --> 00:19:29,520
Speaker 3: And this is not meant to be substitute for advice

393
00:19:29,720 --> 00:19:32,719
Speaker 3: from your personal financial advisor.

394
00:19:33,640 --> 00:19:37,400
Speaker 1: Oh thank you for reading that fine print so well said.

395
00:19:37,160 --> 00:19:39,199
Speaker 2: In other words, to your grandma, not us.

396
00:19:39,440 --> 00:19:43,560
Speaker 1: Yeah, financial gurus, not your your financial girlfriends, not your gurus.

397
00:19:43,760 --> 00:19:43,920
Speaker 4: Kay.

398
00:19:44,680 --> 00:19:46,720
Speaker 1: And shout out to the brown Ambison listener who sent

399
00:19:46,760 --> 00:19:49,639
Speaker 1: me like like probably a few thousand words in this

400
00:19:49,720 --> 00:19:53,199
Speaker 1: email and literally had gone back and she listens. She

401
00:19:53,200 --> 00:19:56,240
Speaker 1: started listening to episode thirty eight in May, and now

402
00:19:56,280 --> 00:19:59,280
Speaker 1: she has caught up. She has listened to two hundred episodes.

403
00:20:00,040 --> 00:20:02,840
Speaker 1: I am overwhelmed on her behalf. That is amazing.

404
00:20:02,840 --> 00:20:03,399
Speaker 2: I'm going to go.

405
00:20:03,680 --> 00:20:06,280
Speaker 1: I just I read the email. It was so so long,

406
00:20:06,320 --> 00:20:08,480
Speaker 1: but she literally had quoted you Tiffany saying that she

407
00:20:08,560 --> 00:20:10,000
Speaker 1: was like, you need to put this on your shirts.

408
00:20:10,440 --> 00:20:13,040
Speaker 1: We are your financial gurus or sorry, your financial girlfriends,

409
00:20:13,119 --> 00:20:15,840
Speaker 1: not your gurus. And I thought that was really sweet.

410
00:20:15,880 --> 00:20:16,880
Speaker 1: So thanks for listening.

411
00:20:16,960 --> 00:20:17,600
Speaker 2: Yeah, thank you.

412
00:20:18,119 --> 00:20:20,760
Speaker 1: All right, so this to listen our first question. We

413
00:20:20,840 --> 00:20:24,119
Speaker 1: have quite a few on investing, which was great to see.

414
00:20:24,200 --> 00:20:26,320
Speaker 1: So this comes from Instagram user. Her name is b

415
00:20:26,600 --> 00:20:30,439
Speaker 1: She says, hey girl, hey, al I bank used to

416
00:20:30,480 --> 00:20:33,480
Speaker 1: offer its customers great interest rates for savings and now

417
00:20:33,520 --> 00:20:36,280
Speaker 1: it's down to zero point one percent. Okay, that's not

418
00:20:36,440 --> 00:20:40,040
Speaker 1: entirely true. I think as of this recording, it's what

419
00:20:40,400 --> 00:20:43,080
Speaker 1: zero point six percent? But any who get your point

420
00:20:43,160 --> 00:20:45,840
Speaker 1: is down low? What is your perspective on taking some

421
00:20:46,000 --> 00:20:49,520
Speaker 1: money from savings and putting it towards stocks? Maybe Apple

422
00:20:49,600 --> 00:20:54,760
Speaker 1: or the Tesla's stock split, or an ETN what's an etend?

423
00:20:55,000 --> 00:20:59,359
Speaker 1: She part with EF Oh, okay, thanks, that's like I

424
00:20:59,400 --> 00:21:01,520
Speaker 1: was really ready to just learn a new acronym that

425
00:21:01,600 --> 00:21:04,560
Speaker 1: I did not know, an easyf to instrure my money

426
00:21:04,600 --> 00:21:08,440
Speaker 1: is working for me. Yep, that's absolutely true. The FED

427
00:21:08,600 --> 00:21:11,160
Speaker 1: and the FED actually announced last week. This is Mandy

428
00:21:11,200 --> 00:21:14,000
Speaker 1: answering the question. The FED announced what last week at

429
00:21:14,000 --> 00:21:16,800
Speaker 1: their most recent meeting that they well they didn't announce it,

430
00:21:16,800 --> 00:21:19,840
Speaker 1: but the chair of the FED did say probably interest

431
00:21:19,880 --> 00:21:21,679
Speaker 1: rates will be where they are now, which is very

432
00:21:21,720 --> 00:21:26,840
Speaker 1: close to zero through twenty twenty three. No, yeah, a

433
00:21:26,920 --> 00:21:30,199
Speaker 1: long time, a long time of low savings.

434
00:21:30,280 --> 00:21:32,360
Speaker 3: Right, I'm not here for a long time. I'm here

435
00:21:32,400 --> 00:21:37,159
Speaker 3: for a good time, okay, Drake, No, yeah, So I

436
00:21:37,200 --> 00:21:38,800
Speaker 3: can tackle this a little bit. Of course, we could

437
00:21:38,840 --> 00:21:40,840
Speaker 3: jump in tag team. So here's the thing.

438
00:21:40,960 --> 00:21:41,400
Speaker 2: First things.

439
00:21:41,400 --> 00:21:45,040
Speaker 3: First, people look at savings, it's like this wasted money. No,

440
00:21:45,119 --> 00:21:48,919
Speaker 3: it's called risk management. So I would keep because what

441
00:21:48,960 --> 00:21:52,040
Speaker 3: the FED is saying is we think things are gonna

442
00:21:52,040 --> 00:21:54,520
Speaker 3: be bad for a while. Don't look at the The

443
00:21:54,800 --> 00:21:57,760
Speaker 3: stock market is crazy. The stock market is a two

444
00:21:57,840 --> 00:21:59,600
Speaker 3: year old. It doesn't know what's happening. It just goes

445
00:21:59,680 --> 00:22:02,720
Speaker 3: up and based upon people's wins. It's really the economy

446
00:22:02,720 --> 00:22:05,199
Speaker 3: you're wanting to look at. And nobody is studying their

447
00:22:05,200 --> 00:22:07,960
Speaker 3: economy more closely than the Fed. And then the Fed

448
00:22:08,040 --> 00:22:10,560
Speaker 3: is saying we're keeping interest rates to the slow is

449
00:22:10,560 --> 00:22:15,400
Speaker 3: because they are trying to minimize some of some damage

450
00:22:15,400 --> 00:22:18,160
Speaker 3: they seek coming. So what that means is I would

451
00:22:18,200 --> 00:22:22,280
Speaker 3: hunker down, keep six months of your emergency savings. So

452
00:22:22,440 --> 00:22:24,240
Speaker 3: I call it your noodle budget or if you had

453
00:22:24,240 --> 00:22:26,040
Speaker 3: to eat ramen noodle budget, if you had to get

454
00:22:26,080 --> 00:22:28,360
Speaker 3: rid of all the extra, how much would your life

455
00:22:28,359 --> 00:22:31,040
Speaker 3: costs you a month? Multiply that time six keep it

456
00:22:31,040 --> 00:22:33,560
Speaker 3: in savings. It's not about making money off that savings.

457
00:22:33,640 --> 00:22:36,040
Speaker 3: It's about if I lose my job, I have six

458
00:22:36,119 --> 00:22:39,639
Speaker 3: months to one cut out all the excess and to

459
00:22:39,840 --> 00:22:41,800
Speaker 3: live for six months while I try to figure out

460
00:22:41,800 --> 00:22:43,520
Speaker 3: what to do. So don't think about that money as

461
00:22:43,560 --> 00:22:46,360
Speaker 3: wasted money. It's your insurance policy. So put that up.

462
00:22:46,880 --> 00:22:47,880
Speaker 3: Do you have excess?

463
00:22:48,280 --> 00:22:51,360
Speaker 2: Awesome? Then I totally agree. Now here's the thing.

464
00:22:51,880 --> 00:22:54,560
Speaker 3: If you are not already invested in stocks, if you

465
00:22:54,560 --> 00:22:56,200
Speaker 3: are not willing to do the research. I'm not talking

466
00:22:56,200 --> 00:22:58,320
Speaker 3: about like you know, the husband research, which you know

467
00:22:58,520 --> 00:23:00,159
Speaker 3: my hubby does too, like heard about app but we

468
00:23:00,200 --> 00:23:03,919
Speaker 3: should get some that'sy research. If you're not willing to

469
00:23:03,920 --> 00:23:07,040
Speaker 3: do like the research research, Honestly, what I would choose

470
00:23:07,160 --> 00:23:12,560
Speaker 3: is a total market index fund. There is Vanguard has

471
00:23:12,560 --> 00:23:15,320
Speaker 3: a has one that kind like in the last I

472
00:23:15,359 --> 00:23:17,119
Speaker 3: don't know. I think it's like maybe twenty years or

473
00:23:17,160 --> 00:23:19,520
Speaker 3: something like that. So for turn like, don't quote me.

474
00:23:19,560 --> 00:23:22,080
Speaker 3: I think it's anywhere from fifteen to twenty percent. It's

475
00:23:22,119 --> 00:23:26,000
Speaker 3: actually most index funds are. Well, let's explain what an

476
00:23:26,000 --> 00:23:30,359
Speaker 3: index fund is, Mandy right. So an index fund is

477
00:23:30,480 --> 00:23:34,240
Speaker 3: a fund that mirrors a market. So a market is

478
00:23:34,240 --> 00:23:36,439
Speaker 3: like the S and P five hundred, the Dow Jones,

479
00:23:36,440 --> 00:23:39,919
Speaker 3: a NASDAC. So an index fund, it's meant to mirror

480
00:23:39,960 --> 00:23:41,760
Speaker 3: the market to do if the market goes up, you

481
00:23:41,760 --> 00:23:44,240
Speaker 3: go up. The market goes down, you go down, and

482
00:23:44,359 --> 00:23:47,199
Speaker 3: the market always goes up over time. It might go

483
00:23:47,320 --> 00:23:49,440
Speaker 3: up and down on its way there, but over the

484
00:23:49,560 --> 00:23:52,680
Speaker 3: last hundred years, the market has always gone up. The

485
00:23:52,760 --> 00:23:55,240
Speaker 3: last hundred years about ten percent, but really the last

486
00:23:55,280 --> 00:23:57,240
Speaker 3: thirty years seventy eight percent on average.

487
00:23:57,280 --> 00:24:00,159
Speaker 2: So an index fund just does what the market does.

488
00:24:00,359 --> 00:24:03,960
Speaker 3: So it doesn't require you to know how to pick

489
00:24:03,960 --> 00:24:05,840
Speaker 3: a stock, because an index fund is going to be

490
00:24:05,920 --> 00:24:08,920
Speaker 3: kind of like a basket of different investments, so you

491
00:24:08,920 --> 00:24:10,520
Speaker 3: don't have to pick individual ones.

492
00:24:10,520 --> 00:24:11,720
Speaker 2: You could just follow the market.

493
00:24:11,880 --> 00:24:17,240
Speaker 3: So I would choose a total market index fund normally,

494
00:24:17,280 --> 00:24:20,959
Speaker 3: I would say in ETF, which is a basket that

495
00:24:21,000 --> 00:24:23,760
Speaker 3: you can trade like stocks, like a basket of investments

496
00:24:23,800 --> 00:24:26,919
Speaker 3: you can trade like a stock because typically ets are

497
00:24:27,160 --> 00:24:31,520
Speaker 3: passively managed, meaning like an algorithm picks the stocks for you,

498
00:24:31,560 --> 00:24:34,200
Speaker 3: and it keeps the expense the feed, which is called

499
00:24:34,200 --> 00:24:35,159
Speaker 3: the expense ratio.

500
00:24:35,280 --> 00:24:36,560
Speaker 2: It keeps that fee low.

501
00:24:37,080 --> 00:24:42,640
Speaker 3: But there's actually a passively managed mutual total market fund. Now,

502
00:24:42,760 --> 00:24:47,800
Speaker 3: mutual funds are usually not passively managed. They're typically actively managed,

503
00:24:47,920 --> 00:24:50,679
Speaker 3: meaning there's a human being that's making the choices and

504
00:24:50,720 --> 00:24:54,920
Speaker 3: therefore the fees the expense ratio is higher. But Vanguard's

505
00:24:55,119 --> 00:24:58,840
Speaker 3: Total Market Index fund is actually passively managed, which is

506
00:24:58,840 --> 00:25:01,000
Speaker 3: not typical, which means fees are really low. So I

507
00:25:01,000 --> 00:25:03,120
Speaker 3: would look, I think it's like VT. Let me get

508
00:25:03,119 --> 00:25:05,360
Speaker 3: what it's the Vanguard Vanguard.

509
00:25:05,400 --> 00:25:09,320
Speaker 1: I'm going to be stacks. What is it vtv BT, SAX,

510
00:25:09,760 --> 00:25:11,600
Speaker 1: So I have to say v stocks even though the

511
00:25:11,680 --> 00:25:12,840
Speaker 1: S comes after.

512
00:25:13,920 --> 00:25:15,120
Speaker 2: So I would put my money there.

513
00:25:15,320 --> 00:25:18,040
Speaker 3: Or if not Vanguard, I think Fidality has a total

514
00:25:18,080 --> 00:25:20,800
Speaker 3: market fund, and I think Charles Schwab has a total

515
00:25:20,800 --> 00:25:23,040
Speaker 3: market fund. Basically, I would just invest in the market.

516
00:25:23,040 --> 00:25:26,199
Speaker 3: If you're not out here studying stocks where you can

517
00:25:26,359 --> 00:25:28,440
Speaker 3: you know, feel like, okay, I'm really studying like p

518
00:25:28,600 --> 00:25:30,840
Speaker 3: eBay shields and all this other stocky stuff. If you're

519
00:25:30,840 --> 00:25:32,600
Speaker 3: not going to do that. I would just put my

520
00:25:32,640 --> 00:25:36,080
Speaker 3: money in an index fund because the money is going

521
00:25:36,119 --> 00:25:38,399
Speaker 3: to grow. The stock market always goes up. But know

522
00:25:38,960 --> 00:25:41,879
Speaker 3: that it's a long term investment. You're not, you know,

523
00:25:41,920 --> 00:25:44,520
Speaker 3: looking to make money like tomorrow. Yeah, one hundred percent.

524
00:25:44,560 --> 00:25:46,879
Speaker 3: I would just say, like, your savings is for money

525
00:25:46,880 --> 00:25:48,720
Speaker 3: that you might need tomorrow. If you want to put

526
00:25:48,720 --> 00:25:50,879
Speaker 3: money in the market, you've got to get really comfortable

527
00:25:51,000 --> 00:25:53,760
Speaker 3: with potentially seeing that money go up and down because

528
00:25:53,760 --> 00:25:56,280
Speaker 3: it's a long term investment. So just make sure that

529
00:25:56,320 --> 00:25:59,120
Speaker 3: where you're putting your money aligns with your long your

530
00:25:59,160 --> 00:26:02,440
Speaker 3: goals in the life or the short term. And did

531
00:26:02,840 --> 00:26:06,000
Speaker 3: when Tiffany mentioned the specific index fund, I was like,

532
00:26:06,359 --> 00:26:08,760
Speaker 3: just to remind y'all wet to hear the angel girlfriends

533
00:26:08,800 --> 00:26:11,080
Speaker 3: not your gurus. So you have to make the best

534
00:26:11,160 --> 00:26:13,639
Speaker 3: choice for you and do your own research. But you know,

535
00:26:13,720 --> 00:26:16,080
Speaker 3: in general, yeah, index funds make sense and they're a

536
00:26:16,080 --> 00:26:18,719
Speaker 3: great way to invest. The only difference, like the main difference,

537
00:26:18,720 --> 00:26:21,520
Speaker 3: like Tiffany said, between an ETF and an index fund,

538
00:26:21,560 --> 00:26:23,639
Speaker 3: is that you can trade an ETF all the time.

539
00:26:24,320 --> 00:26:26,520
Speaker 3: You can trade it like a stock basically, so if

540
00:26:26,560 --> 00:26:28,280
Speaker 3: you want to, if you want to you know, be

541
00:26:28,359 --> 00:26:31,320
Speaker 3: trading an ETF, then we're trading you know, your index

542
00:26:31,359 --> 00:26:34,240
Speaker 3: fund or trading a fund of funds. Then ETF is

543
00:26:34,240 --> 00:26:35,480
Speaker 3: the way to go. But if you just want to

544
00:26:35,520 --> 00:26:37,639
Speaker 3: set it and forget it, an index fund, a.

545
00:26:37,680 --> 00:26:39,080
Speaker 2: Mutual fund is like the way to go.

546
00:26:39,280 --> 00:26:42,359
Speaker 3: But just make sure, like ideally it's passively managed because

547
00:26:42,800 --> 00:26:44,879
Speaker 3: the closer, the more human being has to touch it,

548
00:26:44,920 --> 00:26:46,520
Speaker 3: the more they're going to charge you. So if it's

549
00:26:46,520 --> 00:26:49,600
Speaker 3: passively managed, like like like we mentioned the VT the

550
00:26:49,640 --> 00:26:53,160
Speaker 3: fe stacks, then you know you're you're an expense ratio,

551
00:26:53,280 --> 00:26:55,399
Speaker 3: your fee is going to be much lower. So and

552
00:26:55,720 --> 00:26:57,120
Speaker 3: I just say, like to me, I have a five

553
00:26:57,200 --> 00:26:58,880
Speaker 3: year ruld. Do I need this money for five years?

554
00:26:58,920 --> 00:27:00,600
Speaker 3: Then don't put it into the market. One.

555
00:27:01,160 --> 00:27:04,159
Speaker 1: That's a good one. All right, Let's take another one.

556
00:27:04,200 --> 00:27:07,480
Speaker 1: This comes from Instagram listener. Her name's Nikia. She says,

557
00:27:07,480 --> 00:27:09,840
Speaker 1: the ladies, I have a short question. Would you recommend

558
00:27:09,920 --> 00:27:11,960
Speaker 1: a pre tax for a one k or a wroth

559
00:27:12,000 --> 00:27:13,359
Speaker 1: for a one k? Do you think it's a good

560
00:27:13,400 --> 00:27:14,280
Speaker 1: idea to have both?

561
00:27:14,640 --> 00:27:14,880
Speaker 2: Thanks?

562
00:27:14,880 --> 00:27:16,480
Speaker 1: I'm glad I found your podcast and I share it

563
00:27:16,480 --> 00:27:16,959
Speaker 1: with everyone.

564
00:27:17,040 --> 00:27:17,600
Speaker 2: Oh, thank you.

565
00:27:17,640 --> 00:27:21,520
Speaker 1: Tell a friend to telefriend, Yes, classic pre wroth for

566
00:27:21,640 --> 00:27:23,760
Speaker 1: a one K or a regular four oh one K.

567
00:27:25,000 --> 00:27:27,359
Speaker 2: Yeah, what do you think to Well, this is what

568
00:27:27,440 --> 00:27:27,879
Speaker 2: I say.

569
00:27:28,040 --> 00:27:30,000
Speaker 3: One if I had a four to one K that

570
00:27:30,080 --> 00:27:32,560
Speaker 3: had a match, girl, get your money. So a match

571
00:27:32,640 --> 00:27:35,080
Speaker 3: is when like your company says, you put in money,

572
00:27:35,080 --> 00:27:37,440
Speaker 3: and I put in some money too. Sometimes they match directly,

573
00:27:37,520 --> 00:27:38,880
Speaker 3: like you know, you put in two percent, I put

574
00:27:38,920 --> 00:27:41,000
Speaker 3: in two percent, and sometimes it's like if you put

575
00:27:41,000 --> 00:27:43,119
Speaker 3: in up to six percent, I put in three percent.

576
00:27:43,200 --> 00:27:46,160
Speaker 3: Either way, the rule typically is you put in money,

577
00:27:46,240 --> 00:27:48,879
Speaker 3: I put in money. So if your company has a match,

578
00:27:49,160 --> 00:27:52,240
Speaker 3: get your match money, because basically it's free money once

579
00:27:52,280 --> 00:27:56,400
Speaker 3: you meet your match. Then mosey on over to Roth

580
00:27:56,440 --> 00:27:58,960
Speaker 3: Ira Land and right now, Mandy, isn't it six thousand

581
00:27:58,960 --> 00:28:00,800
Speaker 3: dollars the max for byways? Right now?

582
00:28:00,800 --> 00:28:03,080
Speaker 2: If you're under fifty, I think it's sixty. Well that's

583
00:28:03,119 --> 00:28:03,639
Speaker 2: an IRA.

584
00:28:03,840 --> 00:28:06,080
Speaker 1: Yeah, So she's talking about just the distinction with a

585
00:28:06,080 --> 00:28:09,040
Speaker 1: four oh one K that's provided through your employer, and

586
00:28:09,119 --> 00:28:12,200
Speaker 1: that limit is higher. So right now for a pre

587
00:28:12,320 --> 00:28:16,000
Speaker 1: tax four one K and a ROID right, yeah, it's

588
00:28:16,040 --> 00:28:18,720
Speaker 1: like nineteen thousand or something like that. But the key

589
00:28:18,760 --> 00:28:22,119
Speaker 1: difference is that pre tax obviously your money goes in,

590
00:28:22,200 --> 00:28:25,480
Speaker 1: you get to you earn, you don't pay taxes on

591
00:28:25,520 --> 00:28:28,760
Speaker 1: anything until you take it out in retirement. And with

592
00:28:28,840 --> 00:28:32,280
Speaker 1: the wroth four to one K, you're paying taxes upfront.

593
00:28:32,480 --> 00:28:37,880
Speaker 1: And usually they say they expert people say wroth makes

594
00:28:37,920 --> 00:28:40,880
Speaker 1: sense if you think you'll be in a higher tax

595
00:28:40,880 --> 00:28:43,200
Speaker 1: bracket later on. And so I definitely had a wroth

596
00:28:43,200 --> 00:28:45,200
Speaker 1: when I was early in my career because I was

597
00:28:45,200 --> 00:28:47,440
Speaker 1: in a lower tax bracket because I wasn't making lack

598
00:28:47,520 --> 00:28:50,440
Speaker 1: no money, and it made sense for me to pay

599
00:28:50,480 --> 00:28:53,200
Speaker 1: taxes upfront because you know my taxes will be a

600
00:28:53,240 --> 00:28:53,800
Speaker 1: lot lower.

601
00:28:53,960 --> 00:28:55,520
Speaker 2: You know. Of course, you can't predict the future.

602
00:28:55,520 --> 00:28:58,120
Speaker 1: Who knows, But I did have a wroth before, and

603
00:28:58,120 --> 00:29:00,880
Speaker 1: then I've shifted to a pre pre tax four one

604
00:29:00,960 --> 00:29:04,680
Speaker 1: K as i've as I've started to earn more my career.

605
00:29:04,720 --> 00:29:06,760
Speaker 3: I both to have a mix. I think that you

606
00:29:06,800 --> 00:29:08,520
Speaker 3: should have your phone K money up to the match

607
00:29:08,520 --> 00:29:10,600
Speaker 3: because here's the thing about a wroth is that that

608
00:29:10,960 --> 00:29:13,560
Speaker 3: once you get to one hundred and thirty nine thousand

609
00:29:13,600 --> 00:29:15,760
Speaker 3: dollars as a single person, you cannot contribute to a

610
00:29:15,840 --> 00:29:18,960
Speaker 3: roth anymore. So that opportunity to have money that you

611
00:29:19,000 --> 00:29:21,680
Speaker 3: can take out tax free later because you paid taxes.

612
00:29:21,840 --> 00:29:25,480
Speaker 3: The way retirement accounts work is that you either pay

613
00:29:25,600 --> 00:29:28,680
Speaker 3: taxes now and then take out tax free later, or

614
00:29:29,400 --> 00:29:32,360
Speaker 3: you pay taxes later and you put your money in

615
00:29:32,440 --> 00:29:34,400
Speaker 3: tax free now. And so it's nice to have a

616
00:29:34,440 --> 00:29:36,840
Speaker 3: mix in retirement, to have some money that's taxed and

617
00:29:37,280 --> 00:29:39,600
Speaker 3: you know, and then some money that's that's not tax

618
00:29:39,640 --> 00:29:43,120
Speaker 3: because you already paid it. So I like, for because

619
00:29:43,200 --> 00:29:46,160
Speaker 3: roths are six thousand dollars is a lot of money,

620
00:29:46,200 --> 00:29:49,080
Speaker 3: but it's not if you could take advantage of a wroth,

621
00:29:49,120 --> 00:29:51,480
Speaker 3: take advantage after you've met your match to your form

622
00:29:51,480 --> 00:29:53,400
Speaker 3: and one K. So I would four one K up

623
00:29:53,440 --> 00:29:56,880
Speaker 3: to match right up to the match, then hit up

624
00:29:56,920 --> 00:29:59,520
Speaker 3: wroth up to that six thousand. If you're under fifty,

625
00:29:59,560 --> 00:30:02,719
Speaker 3: then to a four to one K to continue contributing.

626
00:30:02,920 --> 00:30:06,360
Speaker 3: This is just like what my financial certified financial planner

627
00:30:06,480 --> 00:30:09,480
Speaker 3: suggested for us, like to have money on both sides

628
00:30:09,480 --> 00:30:10,360
Speaker 3: of the tax equation.

629
00:30:11,560 --> 00:30:13,280
Speaker 2: So that's what I would suggest, honest.

630
00:30:13,280 --> 00:30:16,160
Speaker 3: It's to kind of seesaw back back and forth because

631
00:30:16,160 --> 00:30:19,680
Speaker 3: to Manny's point, you know, with a wroth, you know

632
00:30:19,720 --> 00:30:22,040
Speaker 3: that's money you get to pull out tax free. Leader

633
00:30:22,080 --> 00:30:24,160
Speaker 3: you don't know what you're your taxes are going to

634
00:30:24,200 --> 00:30:26,960
Speaker 3: be uh later, but you get to pull them out later,

635
00:30:27,000 --> 00:30:30,800
Speaker 3: and having a mix of different type of tax money

636
00:30:31,160 --> 00:30:32,920
Speaker 3: is really going to be helpful in retirement.

637
00:30:32,960 --> 00:30:36,560
Speaker 2: So I like the I like the seesaw. Yeah. Absolutely.

638
00:30:36,840 --> 00:30:39,880
Speaker 1: Ultimately, though, Nikiya, I would say, if you have access

639
00:30:39,920 --> 00:30:42,480
Speaker 1: to a four oh one K, don't hemmin haw too much,

640
00:30:42,560 --> 00:30:44,800
Speaker 1: Like you should do some research, but at least put

641
00:30:44,800 --> 00:30:47,280
Speaker 1: something somewhere. Yes, you can't go wrong by putting money

642
00:30:47,280 --> 00:30:48,720
Speaker 1: away in your four O one K. Just don't want

643
00:30:48,720 --> 00:30:50,480
Speaker 1: you to be holding on to funds because you're not

644
00:30:50,520 --> 00:30:53,240
Speaker 1: sure you want to pick the exact right account. There's

645
00:30:53,320 --> 00:30:55,560
Speaker 1: pros and cons to each of them which you can research,

646
00:30:55,720 --> 00:30:58,920
Speaker 1: and you may even have access to free financial advice

647
00:30:58,960 --> 00:31:01,760
Speaker 1: through your employer and you're four to one K provider.

648
00:31:02,120 --> 00:31:04,800
Speaker 1: But the point is just start saving and you're roth

649
00:31:04,960 --> 00:31:06,800
Speaker 1: or you're a regular for one K, whichever one you

650
00:31:06,800 --> 00:31:10,400
Speaker 1: think fits your needs right now, it is.

651
00:31:10,440 --> 00:31:11,000
Speaker 2: Take another one.

652
00:31:11,040 --> 00:31:13,120
Speaker 1: So this one, this one hit home for me because

653
00:31:13,120 --> 00:31:15,440
Speaker 1: we've actually is I could use this as kind of

654
00:31:15,480 --> 00:31:17,800
Speaker 1: a like a proxy for a lot of different questions

655
00:31:17,840 --> 00:31:22,000
Speaker 1: we've gotten from people recently, and this is someone excuse

656
00:31:22,040 --> 00:31:25,720
Speaker 1: me from Instagram. Her name is We'll keep her anonymous.

657
00:31:25,800 --> 00:31:27,520
Speaker 1: She says, I'm loving your podcast, but I need some

658
00:31:27,600 --> 00:31:30,360
Speaker 1: help because I feel lost. I'm forty one years old

659
00:31:30,400 --> 00:31:32,680
Speaker 1: and I've never invested, and I'd love to start. I

660
00:31:32,720 --> 00:31:35,120
Speaker 1: work as a childcare provider in my home, my husband

661
00:31:35,160 --> 00:31:38,800
Speaker 1: works outside of the home. Where should I start? So

662
00:31:39,000 --> 00:31:41,640
Speaker 1: in her forties feeling like she's too late to start

663
00:31:41,640 --> 00:31:43,320
Speaker 1: investing and want some INSFO.

664
00:31:44,600 --> 00:31:48,720
Speaker 3: So I'm not sure if it's investing for retirement, because

665
00:31:48,800 --> 00:31:51,200
Speaker 3: what I would suggest is if you invest for retirement

666
00:31:51,240 --> 00:31:53,400
Speaker 3: looking at a target date fund, or if you're like,

667
00:31:53,440 --> 00:31:55,440
Speaker 3: oh no, no, we've got retirement money set aside, that

668
00:31:55,480 --> 00:31:57,640
Speaker 3: you're just like I just want to invest for investing sake,

669
00:31:58,000 --> 00:32:00,520
Speaker 3: then an index fund that we meant that we mentioned

670
00:32:00,720 --> 00:32:04,880
Speaker 3: prior to that. Those are my two suggestions because I

671
00:32:04,960 --> 00:32:07,600
Speaker 3: like those because those are like kind of like algorithm generated,

672
00:32:07,920 --> 00:32:09,959
Speaker 3: so you don't know how, you don't have to know

673
00:32:10,000 --> 00:32:13,440
Speaker 3: how to pick specific things, because to your point, that's

674
00:32:13,480 --> 00:32:14,920
Speaker 3: one of the reasons why a lot of women in

675
00:32:14,920 --> 00:32:17,120
Speaker 3: particular are like I don't in bet so it's like, well,

676
00:32:17,400 --> 00:32:20,600
Speaker 3: let the algorithm choose the stocks, the bonds, and the

677
00:32:20,640 --> 00:32:24,200
Speaker 3: investment vehicles for you you just choose where you know

678
00:32:24,240 --> 00:32:26,040
Speaker 3: what algorithm you're gonna use. Are you gonna use a

679
00:32:26,040 --> 00:32:29,000
Speaker 3: target date fund, which says, here's the target date for

680
00:32:29,080 --> 00:32:30,960
Speaker 3: your retirement, and we're going to you're gonna put your

681
00:32:31,000 --> 00:32:33,840
Speaker 3: money in every month, and we're going to rebalance your portfolio,

682
00:32:33,920 --> 00:32:37,920
Speaker 3: meaning put some money towards get less and less aggressive

683
00:32:37,920 --> 00:32:40,680
Speaker 3: the closer you get to your target date, your retirement date.

684
00:32:41,520 --> 00:32:43,840
Speaker 3: So you're gonna do that for retirement, you know, which

685
00:32:43,880 --> 00:32:46,880
Speaker 3: is super easy, or you're investing for wealth, great, choose

686
00:32:46,880 --> 00:32:49,480
Speaker 3: an index fund. Follow the market. The market always goes

687
00:32:49,560 --> 00:32:52,360
Speaker 3: up over time. You've got more than twenty years before

688
00:32:52,400 --> 00:32:54,880
Speaker 3: you quote unquote officially retire on the books, you know,

689
00:32:55,160 --> 00:32:58,400
Speaker 3: although you might retire early. So following the market means

690
00:32:58,400 --> 00:33:01,040
Speaker 3: in twenty years the market will well, it would be

691
00:33:01,240 --> 00:33:03,640
Speaker 3: crazy for it not to be up just because it's

692
00:33:03,720 --> 00:33:06,680
Speaker 3: always gone up. So that's what obviously suggests target date

693
00:33:06,720 --> 00:33:11,240
Speaker 3: fund or or an index fund. If you're just starting

694
00:33:11,240 --> 00:33:13,360
Speaker 3: out and you don't know or really want to.

695
00:33:13,320 --> 00:33:14,040
Speaker 2: Do the research.

696
00:33:15,520 --> 00:33:17,960
Speaker 1: Yeah, I mean she mentions that she's a childcare provider

697
00:33:18,000 --> 00:33:20,360
Speaker 1: working from home. So if you're you know, if you've

698
00:33:20,400 --> 00:33:22,800
Speaker 1: got an at home business, you can look into a

699
00:33:22,840 --> 00:33:25,240
Speaker 1: step IRA, which we can put a link to explain.

700
00:33:25,320 --> 00:33:29,880
Speaker 1: This is basically the you know entrepreneur's version of a

701
00:33:29,920 --> 00:33:33,320
Speaker 1: four wa yep. And I would also say, you know,

702
00:33:33,400 --> 00:33:35,440
Speaker 1: you don't tell us much about your financial picture, and

703
00:33:35,480 --> 00:33:38,160
Speaker 1: it's really hard to give investment advice when we don't

704
00:33:38,200 --> 00:33:40,480
Speaker 1: know if you have debt, if your husband, if he

705
00:33:40,520 --> 00:33:42,720
Speaker 1: works outside the home, does he have access to a

706
00:33:42,720 --> 00:33:45,600
Speaker 1: four oh one K through his employer? Has he been contributing?

707
00:33:45,640 --> 00:33:47,560
Speaker 1: Does he get a match? Because you know, you definitely

708
00:33:47,600 --> 00:33:50,480
Speaker 1: want to take advantage of any match, you know, first

709
00:33:50,520 --> 00:33:52,960
Speaker 1: and foremost. But I just want to address you know,

710
00:33:53,000 --> 00:33:54,719
Speaker 1: you're forty one years old. You still got a lot

711
00:33:54,720 --> 00:33:56,600
Speaker 1: of years ahead of you, so it's not it's not

712
00:33:56,640 --> 00:33:59,960
Speaker 1: too late, it's just you know, day one or one day.

713
00:34:00,040 --> 00:34:02,680
Speaker 2: You know you have the same expression. I like that

714
00:34:03,080 --> 00:34:04,280
Speaker 2: they want to one day.

715
00:34:05,040 --> 00:34:08,440
Speaker 1: That's my favorite quote these days, but it's so applicable

716
00:34:08,480 --> 00:34:11,480
Speaker 1: to everything. So I think this is your day one.

717
00:34:11,560 --> 00:34:14,240
Speaker 1: The fact that you've asked this question, hopefully you're listening

718
00:34:14,239 --> 00:34:16,160
Speaker 1: to the show right now. I'll ping you on Insta

719
00:34:16,160 --> 00:34:18,120
Speaker 1: and like, you know, we answered your question. You know

720
00:34:18,239 --> 00:34:21,160
Speaker 1: you're listening. You're starting to educate yourself. Let's just you know,

721
00:34:21,600 --> 00:34:24,200
Speaker 1: you can do it. It's not really they want us to

722
00:34:24,239 --> 00:34:26,160
Speaker 1: believe they I don't know who the day is with

723
00:34:26,560 --> 00:34:29,560
Speaker 1: the society, capitalism. They want us to believe it's too

724
00:34:29,560 --> 00:34:30,920
Speaker 1: hard for us, that it's too hard for us to

725
00:34:30,920 --> 00:34:33,799
Speaker 1: figure out. That's just not true. You can absolutely do it.

726
00:34:33,840 --> 00:34:35,600
Speaker 1: You just got to start. So and I'm forty one,

727
00:34:36,080 --> 00:34:36,640
Speaker 1: well just about.

728
00:34:36,880 --> 00:34:38,720
Speaker 3: Like I turned forty one in a couple of weeks,

729
00:34:38,920 --> 00:34:42,640
Speaker 3: and honestly I just started like setting aside for retirement

730
00:34:42,840 --> 00:34:44,800
Speaker 3: like two years ago because I was so focused on

731
00:34:44,840 --> 00:34:48,000
Speaker 3: the business. I reinvested everything back in after draining my

732
00:34:48,080 --> 00:34:52,759
Speaker 3: retirement account. So I mean, it's better to start. I'm

733
00:34:52,760 --> 00:34:55,520
Speaker 3: not even stressed about it. I'm just like, okay, I've

734
00:34:55,960 --> 00:34:58,520
Speaker 3: starting is better than that starting. So you are not alone.

735
00:34:58,560 --> 00:34:59,800
Speaker 3: There are a lot of people who are like I

736
00:34:59,840 --> 00:35:03,439
Speaker 3: have done anything. But let this be the last week

737
00:35:03,480 --> 00:35:06,800
Speaker 3: that you say that, you know, find a super easy

738
00:35:06,800 --> 00:35:09,160
Speaker 3: index fund. You can just google best index funds and

739
00:35:09,200 --> 00:35:11,160
Speaker 3: be like, you know what, you know, I'm going to

740
00:35:11,200 --> 00:35:14,120
Speaker 3: put my money in this mutual fund fifty bucks every

741
00:35:14,200 --> 00:35:16,480
Speaker 3: every month. I'm going to find a mutual fund that's

742
00:35:16,600 --> 00:35:20,160
Speaker 3: passively managed and just put my money in there every month.

743
00:35:20,120 --> 00:35:21,920
Speaker 2: It follows this market. Okay, that's it.

744
00:35:22,440 --> 00:35:24,840
Speaker 3: And then you know, as you get more acclimated to that,

745
00:35:24,880 --> 00:35:26,359
Speaker 3: then you can expand beyond that.

746
00:35:27,800 --> 00:35:31,000
Speaker 1: Absolutely, And if you know, a lot of times people

747
00:35:31,040 --> 00:35:33,840
Speaker 1: don't invest because they don't have anything left over to invest,

748
00:35:34,440 --> 00:35:37,239
Speaker 1: and you know that's and she didn't mention that, but

749
00:35:37,440 --> 00:35:39,480
Speaker 1: we definitely get questions like that where it's like, how

750
00:35:39,520 --> 00:35:40,760
Speaker 1: am I supposed to invest anything?

751
00:35:40,760 --> 00:35:42,040
Speaker 2: I'm living paycheck to paycheck.

752
00:35:42,640 --> 00:35:44,799
Speaker 1: You know, the uncomfortable truth is that you've got to

753
00:35:44,840 --> 00:35:46,799
Speaker 1: try to increase your income so that you do have

754
00:35:46,840 --> 00:35:50,200
Speaker 1: something to invest, you know, do whatever you can. You know,

755
00:35:50,239 --> 00:35:53,359
Speaker 1: whether it's you know, picking up a side gig or

756
00:35:53,440 --> 00:35:56,280
Speaker 1: asking for a raise or moving to a more lucrative field,

757
00:35:56,800 --> 00:35:59,080
Speaker 1: it's going to take some effort to increase your income

758
00:35:59,160 --> 00:36:01,839
Speaker 1: so that you have something set aside. And if there's

759
00:36:01,960 --> 00:36:04,640
Speaker 1: and that's that's definitely the answer. If you've done everything else,

760
00:36:04,640 --> 00:36:06,879
Speaker 1: if you've cut your expenses, if you've paid off your debt,

761
00:36:07,120 --> 00:36:08,799
Speaker 1: and it still doesn't feel like you have extra, it's

762
00:36:08,800 --> 00:36:11,840
Speaker 1: all about increasing your income in some way or another.

763
00:36:12,560 --> 00:36:14,200
Speaker 1: And there are you know, ways you can do that,

764
00:36:14,400 --> 00:36:16,600
Speaker 1: and it just takes it takes extra work. It takes

765
00:36:16,640 --> 00:36:20,160
Speaker 1: some hustle and some grind, but that is that's that's

766
00:36:20,200 --> 00:36:21,080
Speaker 1: how it gets done.

767
00:36:21,400 --> 00:36:23,799
Speaker 2: Yeah, all right, how many?

768
00:36:23,880 --> 00:36:26,680
Speaker 1: Let's take another one for sure? Ooh, there was a

769
00:36:26,760 --> 00:36:29,279
Speaker 1: question from someone who uses euros, so I don't know

770
00:36:29,320 --> 00:36:31,560
Speaker 1: where they're from, but I was excited to see some euros.

771
00:36:31,760 --> 00:36:34,160
Speaker 1: We'll just pretend they're dollars for this example's sake, though,

772
00:36:34,160 --> 00:36:36,120
Speaker 1: I don't think that it matters whether they're euros or

773
00:36:36,680 --> 00:36:40,640
Speaker 1: I don't think the currency matters, all right. Instagram Clara

774
00:36:40,760 --> 00:36:43,560
Speaker 1: from IG says she is in credit card debt over

775
00:36:43,760 --> 00:36:47,880
Speaker 1: to wait over twelve hundred and twenty four dollars across

776
00:36:47,920 --> 00:36:50,720
Speaker 1: two cars. The first card has one thousand, the second

777
00:36:50,719 --> 00:36:53,480
Speaker 1: has over two hundred. She says, I'm currently waiting on

778
00:36:53,520 --> 00:36:56,120
Speaker 1: one thousand dollars from a job I've done recently. I've

779
00:36:56,160 --> 00:36:59,319
Speaker 1: got about eight hundred dollars in my savings account, which

780
00:36:59,320 --> 00:37:02,840
Speaker 1: won't even cover my monthly expenses. My question is the following.

781
00:37:02,880 --> 00:37:04,759
Speaker 1: Should I wait till I get the thousand dollars to

782
00:37:04,760 --> 00:37:07,640
Speaker 1: clear the larger card because it has higher interest, or

783
00:37:07,640 --> 00:37:09,759
Speaker 1: should I split that thousand dollars I'm going to get

784
00:37:09,800 --> 00:37:11,839
Speaker 1: and put eight hundred on the first card and then

785
00:37:11,960 --> 00:37:15,080
Speaker 1: use two hundred for the other. I have a freelance job.

786
00:37:15,120 --> 00:37:17,680
Speaker 1: That's keeping me afloat. But knowing I have this much

787
00:37:17,680 --> 00:37:20,680
Speaker 1: debt is unsettling during this time. Once I pay it off,

788
00:37:20,719 --> 00:37:22,000
Speaker 1: I can save a lot more.

789
00:37:22,640 --> 00:37:25,280
Speaker 2: What what's her name? Clara?

790
00:37:25,360 --> 00:37:27,480
Speaker 3: So Clara, you know how like when you're in school,

791
00:37:27,480 --> 00:37:30,600
Speaker 3: you do like the fire drill, and you practice, you

792
00:37:30,640 --> 00:37:33,000
Speaker 3: pull like the fire. You know, they're like, okay, fire alarm.

793
00:37:33,080 --> 00:37:34,920
Speaker 3: You walk out, You're like, oh, practice.

794
00:37:35,040 --> 00:37:37,160
Speaker 2: Uh, this is not a drill. I'm nodding. I'm Clara. Yes,

795
00:37:37,320 --> 00:37:38,879
Speaker 2: she knows right, So this is not a drill.

796
00:37:39,719 --> 00:37:44,799
Speaker 3: The the economy's on fire, meaning that the reason why change, right,

797
00:37:44,880 --> 00:37:49,239
Speaker 3: We are literally saving because the savings is the water.

798
00:37:49,480 --> 00:37:53,279
Speaker 3: The economy's on fire. So if you instead say, you

799
00:37:53,320 --> 00:37:55,440
Speaker 3: know what, I'm going to use this water for, you know,

800
00:37:55,600 --> 00:37:59,800
Speaker 3: to like fill my pool, then it's like, eh, no, Clara,

801
00:38:00,040 --> 00:38:03,000
Speaker 3: I want you to not only keep the eight hundred

802
00:38:03,040 --> 00:38:06,080
Speaker 3: dollars in your savings account, I want you to add

803
00:38:06,080 --> 00:38:09,520
Speaker 3: that thousand to your savings account, because right now, Claaria,

804
00:38:09,640 --> 00:38:11,439
Speaker 3: the fact that eight hundred is not enough to cover

805
00:38:11,480 --> 00:38:12,280
Speaker 3: your monthly bills.

806
00:38:12,360 --> 00:38:16,000
Speaker 2: Lets me know that you don't have one month.

807
00:38:15,840 --> 00:38:18,920
Speaker 3: Worth of expenses, let alone the six months, which is

808
00:38:19,120 --> 00:38:21,880
Speaker 3: what I really ideally recommend. I don't want you, especially

809
00:38:21,920 --> 00:38:24,600
Speaker 3: as a freelancer. It could go either way, Claire. I

810
00:38:24,600 --> 00:38:26,640
Speaker 3: want you to stack as much money as you can.

811
00:38:26,920 --> 00:38:29,160
Speaker 3: The debt can wait. You know what can't groceries, You

812
00:38:29,200 --> 00:38:31,560
Speaker 3: know it can't rent. I want you to have somebody

813
00:38:31,560 --> 00:38:34,839
Speaker 3: stacked away because this is not a drill. Someone pulled

814
00:38:34,840 --> 00:38:37,320
Speaker 3: the fire alarm because the economy is actually on fire.

815
00:38:37,440 --> 00:38:41,719
Speaker 3: So don't use excess money toward paying down debt if

816
00:38:41,760 --> 00:38:44,480
Speaker 3: you don't have enough of your savings saved up. And

817
00:38:44,520 --> 00:38:47,040
Speaker 3: once you have enough saving saved up, then yes, you

818
00:38:47,080 --> 00:38:49,120
Speaker 3: can get you can get aggressive with debt.

819
00:38:49,520 --> 00:38:52,480
Speaker 1: Yes, love it if you've got. She doesn't mention her

820
00:38:52,680 --> 00:38:54,919
Speaker 1: credit or not. You know, there's some things you could

821
00:38:54,960 --> 00:38:57,080
Speaker 1: do to reduce the cost of your debt. If you

822
00:38:57,120 --> 00:38:59,239
Speaker 1: have a really good credit score, you could potentially look

823
00:38:59,239 --> 00:39:01,919
Speaker 1: at getting a zero percent interest balance transfer credit card

824
00:39:02,280 --> 00:39:04,440
Speaker 1: just to like transfer those cards over so you're not

825
00:39:04,600 --> 00:39:07,360
Speaker 1: you know, having that high interest or cruing. There's also,

826
00:39:07,440 --> 00:39:08,920
Speaker 1: you know, you could ptentually look at like a debt

827
00:39:08,920 --> 00:39:11,520
Speaker 1: consolidation loan to pay off those credit cards. But I

828
00:39:11,560 --> 00:39:13,960
Speaker 1: totally agree with Tiffany, And it may sound like scary,

829
00:39:14,080 --> 00:39:16,600
Speaker 1: especially because you know, you think you're like, you're a

830
00:39:16,640 --> 00:39:19,440
Speaker 1: law abiding citizen probably and you know you want to

831
00:39:19,480 --> 00:39:21,120
Speaker 1: do the right thing, and it seemed wrong to not

832
00:39:21,200 --> 00:39:23,560
Speaker 1: pay back your your creditors. But that is like the

833
00:39:23,600 --> 00:39:25,440
Speaker 1: world we live in now. You've really got to put

834
00:39:25,440 --> 00:39:27,799
Speaker 1: your life best on first, like Tiffany said, and put

835
00:39:27,880 --> 00:39:29,960
Speaker 1: that money away and look at it not as if

836
00:39:29,960 --> 00:39:31,640
Speaker 1: you're not paying the credit debt. Look at it as

837
00:39:31,640 --> 00:39:34,359
Speaker 1: if this is what's going to protect you from having

838
00:39:34,400 --> 00:39:37,560
Speaker 1: to go back into credit debt in the future. And

839
00:39:37,600 --> 00:39:39,680
Speaker 1: when you're on the you know you're on the right,

840
00:39:39,719 --> 00:39:42,480
Speaker 1: on the border, you know, of being in real financial

841
00:39:42,719 --> 00:39:45,719
Speaker 1: insecurity right now, I think I think Tiffany is totally

842
00:39:45,800 --> 00:39:46,280
Speaker 1: right you should.

843
00:39:46,400 --> 00:39:48,640
Speaker 3: And you know, me and many are like, we're like,

844
00:39:48,760 --> 00:39:50,680
Speaker 3: so we don't like that. So me and Mandy, you's

845
00:39:50,680 --> 00:39:52,600
Speaker 3: just like, pay the debt down. But so for us

846
00:39:52,600 --> 00:39:55,520
Speaker 3: to be like save that means a lot because we

847
00:39:55,640 --> 00:39:59,200
Speaker 3: are both so anti debt, but not in times like this.

848
00:39:59,320 --> 00:40:01,680
Speaker 2: It's like, no, put that water toward the fire. You

849
00:40:01,680 --> 00:40:02,880
Speaker 2: don't need to pull right now.

850
00:40:03,239 --> 00:40:05,600
Speaker 1: I mean, stop racking up the debt for sure, but

851
00:40:05,920 --> 00:40:08,719
Speaker 1: I wouldn't you know. And also twelve hundred dollars you

852
00:40:08,800 --> 00:40:11,080
Speaker 1: can pay that off with, you know, just work on

853
00:40:11,160 --> 00:40:14,160
Speaker 1: your freelance and come increasing that trying to get that

854
00:40:14,200 --> 00:40:16,200
Speaker 1: savings built up as fast as you can, and then

855
00:40:16,200 --> 00:40:17,359
Speaker 1: you can start tackling that debt.

856
00:40:17,440 --> 00:40:17,920
Speaker 2: In the meantime.

857
00:40:17,960 --> 00:40:20,600
Speaker 1: If you've got strong credit, look into your options to

858
00:40:20,680 --> 00:40:23,359
Speaker 1: park that debt, pay up those credit cards another way,

859
00:40:23,400 --> 00:40:26,600
Speaker 1: and then it won't reduce it, won't you erase the debt.

860
00:40:26,760 --> 00:40:29,439
Speaker 1: It'll make it more affordable for you to have the debt,

861
00:40:29,480 --> 00:40:32,319
Speaker 1: and then you can pay it off slowly. Okay, let's

862
00:40:32,320 --> 00:40:35,719
Speaker 1: take one last question. This one's really interesting and I

863
00:40:35,719 --> 00:40:38,839
Speaker 1: can't wait to hear Tiffany's response. This comes from ig user,

864
00:40:38,880 --> 00:40:41,279
Speaker 1: who goes by the name Gina. Gina says, I have

865
00:40:41,280 --> 00:40:43,360
Speaker 1: a question for Tiffany. I was reading in the New

866
00:40:43,440 --> 00:40:47,239
Speaker 1: York Post where they talked about New Jersey's governor, who's Democrat,

867
00:40:47,680 --> 00:40:50,960
Speaker 1: potentially raising taxes on millionaires living in the state. Do

868
00:40:51,040 --> 00:40:53,319
Speaker 1: you think this is positive? How has your outlook on

869
00:40:53,440 --> 00:40:56,960
Speaker 1: liberal fiscal policies changed since becoming more affluent with the

870
00:40:57,000 --> 00:41:00,279
Speaker 1: success of your business. Do you believe the governor is

871
00:41:00,320 --> 00:41:03,080
Speaker 1: doing the right thing. In the article, they cite that

872
00:41:03,120 --> 00:41:06,040
Speaker 1: millionaires make up three percent of the population but contribute

873
00:41:06,080 --> 00:41:09,920
Speaker 1: forty percent of the taxes. Many millionaires are fleeing the state.

874
00:41:10,200 --> 00:41:12,800
Speaker 1: I'm really curious to know your thoughts on the issue.

875
00:41:14,080 --> 00:41:15,200
Speaker 1: Honestly fascinating.

876
00:41:15,480 --> 00:41:18,799
Speaker 3: Yeah, it is because I mean, obviously, the liberal part

877
00:41:18,840 --> 00:41:21,239
Speaker 3: of me is like, well, it's only fair if you

878
00:41:21,280 --> 00:41:23,480
Speaker 3: make more, I mean, you should pay more. I'm not hurting,

879
00:41:23,880 --> 00:41:26,520
Speaker 3: you know, like I'm doing really well and this year

880
00:41:26,560 --> 00:41:28,920
Speaker 3: I think I'll crossover for the first time. The seven

881
00:41:28,960 --> 00:41:32,240
Speaker 3: figure mark is take home, not as like the business

882
00:41:32,280 --> 00:41:34,359
Speaker 3: that will cross over the eight figure mark, which would

883
00:41:34,400 --> 00:41:38,120
Speaker 3: push me over the seven figure mark. So but I'm

884
00:41:38,120 --> 00:41:40,080
Speaker 3: not gonna lie. I just paid my taxes because you

885
00:41:40,080 --> 00:41:41,680
Speaker 3: know the extension. When I tell you I paid it

886
00:41:41,680 --> 00:41:44,680
Speaker 3: on the last day of the extension, it was several

887
00:41:44,760 --> 00:41:48,960
Speaker 3: hundred thousand dollars. I was like, geez and Rice, it

888
00:41:49,040 --> 00:41:51,919
Speaker 3: is so because it's not just state tax, it's also

889
00:41:52,520 --> 00:41:55,520
Speaker 3: federal tax. Like my tax rate right now is I

890
00:41:55,560 --> 00:41:59,320
Speaker 3: think forty one percent or a little over forty percent,

891
00:41:59,520 --> 00:42:05,400
Speaker 3: which is incredibly high. So it just so I actually

892
00:42:05,440 --> 00:42:08,640
Speaker 3: was just talking with my certified financial planner Angelie, my

893
00:42:08,719 --> 00:42:12,920
Speaker 3: CFO Shanta, my big accountain Carlos, about what are some

894
00:42:12,960 --> 00:42:15,160
Speaker 3: ways to restructure the business that maybe you know, we

895
00:42:15,200 --> 00:42:17,239
Speaker 3: can what can we do to all set and so

896
00:42:17,280 --> 00:42:20,480
Speaker 3: they're just giving me some ideas. But ultimately, I'm going

897
00:42:20,520 --> 00:42:22,920
Speaker 3: to pay more in taxes than the average person because

898
00:42:23,080 --> 00:42:26,160
Speaker 3: I make a lot of money. So I don't think

899
00:42:26,200 --> 00:42:28,919
Speaker 3: it's unfair. I mean, I think it's it is fair

900
00:42:29,000 --> 00:42:31,880
Speaker 3: because preschool teacher Tiffany should not be paying a higher

901
00:42:31,920 --> 00:42:36,080
Speaker 3: tax rate than business millionaire baby billionaire Tiffany.

902
00:42:36,160 --> 00:42:37,400
Speaker 2: She just shouldn't.

903
00:42:37,480 --> 00:42:41,359
Speaker 3: But I could I can see because it's I can

904
00:42:41,560 --> 00:42:44,400
Speaker 3: I can see that it's only going to get better

905
00:42:44,480 --> 00:42:46,320
Speaker 3: over here as far as the business is concerned. We

906
00:42:46,400 --> 00:42:48,759
Speaker 3: have some things on them on the horizon that are

907
00:42:48,800 --> 00:42:50,640
Speaker 3: just going to push us to the next level, which

908
00:42:50,640 --> 00:42:52,439
Speaker 3: means that personally, I'll take home more.

909
00:42:52,920 --> 00:42:54,640
Speaker 2: I don't know that i'd moved from Jersey.

910
00:42:54,680 --> 00:42:57,320
Speaker 3: My whole family is here, but I honestly don't know,

911
00:42:57,480 --> 00:42:59,200
Speaker 3: because that's what I literally asked Angelie.

912
00:42:59,200 --> 00:43:01,400
Speaker 2: I said, what can I do? Girl? I just paid

913
00:43:01,560 --> 00:43:03,480
Speaker 2: I just wrote like a three hundred thousand I check

914
00:43:05,000 --> 00:43:07,319
Speaker 2: and I don't know I need to move.

915
00:43:07,440 --> 00:43:11,399
Speaker 1: Literature headquarters to Florida, I know, and Tiffany can live.

916
00:43:11,320 --> 00:43:13,600
Speaker 3: In I know. But I think that the millionaire taxes

917
00:43:13,640 --> 00:43:15,319
Speaker 3: on you personally, that's really the issue.

918
00:43:15,320 --> 00:43:17,640
Speaker 2: It's not so much to business. Business tax are actually

919
00:43:17,719 --> 00:43:18,480
Speaker 2: historically low.

920
00:43:18,400 --> 00:43:20,839
Speaker 1: Right now, Well, you just get you a house in Florida.

921
00:43:20,560 --> 00:43:20,920
Speaker 2: I know.

922
00:43:21,120 --> 00:43:23,880
Speaker 1: So I mean tax evasion for the wealthy.

923
00:43:24,239 --> 00:43:26,160
Speaker 3: But I will just say that I think it's fair.

924
00:43:26,640 --> 00:43:28,360
Speaker 3: But of course no one wants to pay more taxes.

925
00:43:28,400 --> 00:43:30,319
Speaker 3: But I mean, ultimately I think it's fair and the

926
00:43:30,400 --> 00:43:33,480
Speaker 3: increase is not significant, you know, like I'm looking at.

927
00:43:33,520 --> 00:43:36,600
Speaker 3: I mean, it's significant, I guess, as you know, compoundingly so,

928
00:43:36,800 --> 00:43:39,719
Speaker 3: but not so much that you know, it would cause

929
00:43:39,760 --> 00:43:40,280
Speaker 3: me to flee.

930
00:43:40,360 --> 00:43:41,799
Speaker 2: So I don't know.

931
00:43:41,960 --> 00:43:44,520
Speaker 3: I mean, like I said, I think it's it's not

932
00:43:44,600 --> 00:43:46,759
Speaker 3: a bad thing. It's a fair thing, but it's I mean,

933
00:43:46,800 --> 00:43:49,200
Speaker 3: no one likes to pay taxes, but it's certainly something

934
00:43:49,960 --> 00:43:52,080
Speaker 3: that it's a good problem to have because I'm blessed

935
00:43:52,120 --> 00:43:54,839
Speaker 3: because honestly, not that many years ago, I was like

936
00:43:54,920 --> 00:43:55,919
Speaker 3: what am I going to eat today?

937
00:43:55,960 --> 00:43:57,080
Speaker 2: Where am I going to find food?

938
00:43:57,239 --> 00:43:59,600
Speaker 3: So I'm not going to complain about paying taxes to

939
00:43:59,640 --> 00:44:02,200
Speaker 3: make sure the state that I live in is kept

940
00:44:02,280 --> 00:44:04,200
Speaker 3: up because I'm in a really blessed position.

941
00:44:05,040 --> 00:44:05,279
Speaker 2: Yeah.

942
00:44:05,320 --> 00:44:08,359
Speaker 1: Absolutely, and I think in your position. You know, That's

943
00:44:08,360 --> 00:44:10,759
Speaker 1: why I think it's important we need more black millionaires,

944
00:44:10,800 --> 00:44:13,520
Speaker 1: because you do you know that stat three percent of

945
00:44:13,560 --> 00:44:16,799
Speaker 1: millionaires contribute forty percent of tax revenue for the state.

946
00:44:16,840 --> 00:44:19,840
Speaker 1: If that's if that's true, I'm quoting her, quoting the paper.

947
00:44:20,719 --> 00:44:23,239
Speaker 1: But anyway, if that's true, then I mean there's more

948
00:44:23,280 --> 00:44:26,200
Speaker 1: skin in the game for millionaires. And they are often

949
00:44:26,239 --> 00:44:28,400
Speaker 1: the ones who are influencing policy because they have so

950
00:44:28,480 --> 00:44:32,160
Speaker 1: much influence. They're often in places positions of power. They

951
00:44:32,239 --> 00:44:36,120
Speaker 1: run big companies, They contribute to causes that are important

952
00:44:36,120 --> 00:44:39,239
Speaker 1: to different states. They fund football fields and you know,

953
00:44:39,440 --> 00:44:42,680
Speaker 1: fund schools and things like that, and they are the

954
00:44:42,719 --> 00:44:45,799
Speaker 1: ones who have the ears of legislators. And the more

955
00:44:45,920 --> 00:44:48,480
Speaker 1: black millionaires we have, the more black millionaires will have

956
00:44:48,520 --> 00:44:51,719
Speaker 1: in those, you know, rooms where things happen, and be

957
00:44:51,800 --> 00:44:53,960
Speaker 1: able to speak to causes that are important to them,

958
00:44:54,000 --> 00:44:56,200
Speaker 1: be able to say, hey, you want this donation. I

959
00:44:56,239 --> 00:44:57,360
Speaker 1: don't know if this is the legal or not. You

960
00:44:57,360 --> 00:44:59,600
Speaker 1: want this donation, maybe you should, you know, write a

961
00:44:59,640 --> 00:45:02,279
Speaker 1: letter to to Kentucky's governor and ask for justice for

962
00:45:02,320 --> 00:45:05,480
Speaker 1: Breonna Taylor. You know, those types of things can happen

963
00:45:05,520 --> 00:45:08,560
Speaker 1: when there's more people of color with wealth. So that's

964
00:45:08,600 --> 00:45:11,160
Speaker 1: that's just that's my hot take right now. But the

965
00:45:11,200 --> 00:45:14,160
Speaker 1: whole issue of you know, taxing wealthy people, I mean,

966
00:45:14,160 --> 00:45:17,120
Speaker 1: there's just so many fascinating layers to it, and I

967
00:45:17,160 --> 00:45:19,880
Speaker 1: think very much so if you are wealthy, you have

968
00:45:19,920 --> 00:45:22,279
Speaker 1: got to care about people besides your own bottom line.

969
00:45:22,320 --> 00:45:24,560
Speaker 1: You've got to care about your community. You've got to

970
00:45:25,000 --> 00:45:27,240
Speaker 1: should be you should be proud to contribute to your community.

971
00:45:27,280 --> 00:45:30,080
Speaker 1: I mean, taxes pay for police, they pay for teachers,

972
00:45:30,080 --> 00:45:32,680
Speaker 1: they pay for public works, they pay for you know,

973
00:45:32,920 --> 00:45:35,320
Speaker 1: like today, when I went and told my Parks and

974
00:45:35,360 --> 00:45:38,000
Speaker 1: rec Department to replace a broken swing at the playground

975
00:45:38,040 --> 00:45:40,920
Speaker 1: near our house, that's tax dollars, you know, that are

976
00:45:40,960 --> 00:45:42,560
Speaker 1: paying for that person to go out there and replace

977
00:45:42,600 --> 00:45:43,160
Speaker 1: a swing set.

978
00:45:43,480 --> 00:45:45,719
Speaker 2: And you know, I think people should think about that.

979
00:45:45,760 --> 00:45:49,200
Speaker 1: There's this real sense of like individualism happening right now

980
00:45:49,239 --> 00:45:52,640
Speaker 1: in the country. People cannot look past their own bottom line,

981
00:45:52,640 --> 00:45:55,400
Speaker 1: and that is what's really truly, truly hurting us. And

982
00:45:56,040 --> 00:45:58,080
Speaker 1: that's a very progressive point of view. And I get that,

983
00:45:58,760 --> 00:46:01,560
Speaker 1: and we've all and I think This is a This

984
00:46:01,600 --> 00:46:03,839
Speaker 1: is another reminder that it's not just the president who

985
00:46:03,840 --> 00:46:07,359
Speaker 1: makes calls. It's your local elected officials. You know who,

986
00:46:07,400 --> 00:46:10,240
Speaker 1: who's your governor, who your state legislators who are making

987
00:46:10,280 --> 00:46:13,120
Speaker 1: these calls about how your money is taxed at the

988
00:46:13,160 --> 00:46:16,360
Speaker 1: state and local level that is not happening at the

989
00:46:16,760 --> 00:46:18,920
Speaker 1: federal level. So you've got to be got to be

990
00:46:18,920 --> 00:46:22,279
Speaker 1: an active citizen. And god, I just wish if people

991
00:46:22,360 --> 00:46:24,799
Speaker 1: just people just have to they just we have got

992
00:46:24,800 --> 00:46:27,240
Speaker 1: to just learn how to empathize and how to carry

993
00:46:27,239 --> 00:46:28,800
Speaker 1: out people besides ourselves.

994
00:46:29,000 --> 00:46:30,560
Speaker 3: That is why, because I'm like, how much money do

995
00:46:30,600 --> 00:46:34,600
Speaker 3: you need? I mean for me, I mean, it's it's

996
00:46:34,680 --> 00:46:38,799
Speaker 3: nice to make money, but it's not for me. It's

997
00:46:38,840 --> 00:46:42,440
Speaker 3: a tool to be able to provide security for myself,

998
00:46:42,560 --> 00:46:46,000
Speaker 3: my family, like my loved ones, you know. So I mean,

999
00:46:46,120 --> 00:46:48,320
Speaker 3: like if you were to see I live super simply,

1000
00:46:48,360 --> 00:46:52,080
Speaker 3: like I like, Anjelie always teach tease me my financial planner,

1001
00:46:52,440 --> 00:46:54,480
Speaker 3: and I'm always like, oh my gosh, Anuleie like I'll

1002
00:46:54,520 --> 00:46:56,480
Speaker 3: see like a house on like realtor dot com, and

1003
00:46:56,480 --> 00:46:59,000
Speaker 3: I'm like, who's living in this three billion dollar house?

1004
00:46:59,160 --> 00:47:00,719
Speaker 3: How can they afford it? She's like Tifany, you can

1005
00:47:00,760 --> 00:47:03,120
Speaker 3: afford it. I'm like, no way, because my house was

1006
00:47:03,160 --> 00:47:06,319
Speaker 3: really modest, you know, like we paid one eighty for it,

1007
00:47:06,360 --> 00:47:09,839
Speaker 3: we put one eighty into it, but really modest. And

1008
00:47:09,920 --> 00:47:12,279
Speaker 3: she's like, Tiffany one day she told me the other day,

1009
00:47:12,280 --> 00:47:14,000
Speaker 3: which really blew my mind.

1010
00:47:13,560 --> 00:47:15,080
Speaker 2: I still can't see it.

1011
00:47:15,080 --> 00:47:17,680
Speaker 3: She's like, Tiffany, I've worked with hundreds and hundreds and

1012
00:47:17,719 --> 00:47:20,440
Speaker 3: hundreds of people the trajectory that you're on, that you

1013
00:47:20,520 --> 00:47:22,400
Speaker 3: and your husband will be worth between fifty to one

1014
00:47:22,440 --> 00:47:24,240
Speaker 3: hundred million dollars in the next ten years.

1015
00:47:24,480 --> 00:47:28,080
Speaker 2: And I was like, oh me. She was like, yes,

1016
00:47:28,640 --> 00:47:29,480
Speaker 2: I can't. I can't.

1017
00:47:29,520 --> 00:47:31,520
Speaker 3: I still can't wrap my mind around and see it,

1018
00:47:31,640 --> 00:47:35,160
Speaker 3: because for me, it's never really been about the money.

1019
00:47:35,480 --> 00:47:39,080
Speaker 3: It's been about what how can I provide security? So

1020
00:47:39,160 --> 00:47:41,080
Speaker 3: much was taken from me from the last recession. I'm

1021
00:47:41,120 --> 00:47:42,880
Speaker 3: just glad to have a house. I'm glad to have

1022
00:47:42,920 --> 00:47:46,000
Speaker 3: a house that someone can't take. I'm happy that my husband,

1023
00:47:46,239 --> 00:47:48,879
Speaker 3: who grew up in apartments his whole life, he said

1024
00:47:48,920 --> 00:47:50,600
Speaker 3: he wanted to live in a house and own a

1025
00:47:50,640 --> 00:47:53,120
Speaker 3: house before he was forty, we were able to make

1026
00:47:53,120 --> 00:47:57,480
Speaker 3: that happen. I'm happy that my bonus daughter Supergirl is

1027
00:47:57,520 --> 00:48:00,239
Speaker 3: able to grow up in a house. I'm happy that

1028
00:48:00,280 --> 00:48:02,680
Speaker 3: I have plenty of rooms, that my sister can stay

1029
00:48:02,680 --> 00:48:05,560
Speaker 3: with me while she's building her business, that my niece

1030
00:48:05,560 --> 00:48:07,480
Speaker 3: and my nephew who live down the street come over

1031
00:48:07,520 --> 00:48:10,279
Speaker 3: and play, and there's plenty of room. I just I

1032
00:48:10,280 --> 00:48:14,720
Speaker 3: don't know it's enough for me like that. I want

1033
00:48:14,760 --> 00:48:17,680
Speaker 3: to make more so I can do more, not necessarily

1034
00:48:17,760 --> 00:48:20,800
Speaker 3: so I can have more. And I know that's not common,

1035
00:48:20,840 --> 00:48:24,880
Speaker 3: but it's new for me having this level of money.

1036
00:48:24,920 --> 00:48:25,799
Speaker 2: I grew up like.

1037
00:48:26,200 --> 00:48:28,799
Speaker 3: I would say, look, I guess as a kid like

1038
00:48:28,840 --> 00:48:30,799
Speaker 3: poor for sure, but by the time high school maybe

1039
00:48:30,840 --> 00:48:33,319
Speaker 3: middle class. I guess you could say, like my parents had,

1040
00:48:33,440 --> 00:48:36,120
Speaker 3: you know, a nice house, but that was also new

1041
00:48:36,120 --> 00:48:37,120
Speaker 3: for them too.

1042
00:48:37,200 --> 00:48:39,040
Speaker 2: So for us, we grew up really simply.

1043
00:48:39,080 --> 00:48:41,680
Speaker 3: I didn't get the Jordans and any sort of design

1044
00:48:41,760 --> 00:48:44,400
Speaker 3: or anything. We paid for school out of pocket with

1045
00:48:44,480 --> 00:48:47,560
Speaker 3: student loans as well, And so this is more than

1046
00:48:47,600 --> 00:48:49,719
Speaker 3: I ever thought was possible. So I'm just grateful every

1047
00:48:49,719 --> 00:48:52,160
Speaker 3: step of the way. And I think to myself, well,

1048
00:48:52,440 --> 00:48:54,239
Speaker 3: the more that I'm able to make, the more that

1049
00:48:54,280 --> 00:48:57,600
Speaker 3: I'm able to serve and help. I have some philanthropy

1050
00:48:57,640 --> 00:48:59,880
Speaker 3: things under my belt that I can't wait to roll

1051
00:49:00,080 --> 00:49:03,160
Speaker 3: out soon. So yeah, I just I mean a million.

1052
00:49:03,160 --> 00:49:05,160
Speaker 3: I should pay more. I mean, I mean, what do

1053
00:49:05,200 --> 00:49:07,439
Speaker 3: you know? What I mean, like, what who's going to pay?

1054
00:49:07,480 --> 00:49:09,960
Speaker 3: If not people who are wealthy, is the preschool teacher

1055
00:49:10,040 --> 00:49:12,960
Speaker 3: supposed to pay? That's ridiculous. So yeah, I'm not leaving

1056
00:49:13,080 --> 00:49:15,799
Speaker 3: Jersey anytime soon. My whole family lives here and I

1057
00:49:15,840 --> 00:49:18,320
Speaker 3: love living close to them now, which is so crazy

1058
00:49:18,320 --> 00:49:20,920
Speaker 3: because teenage Tiffany would have been like girl run, But

1059
00:49:21,000 --> 00:49:23,120
Speaker 3: you know, when you're grown, you realize the value of

1060
00:49:23,239 --> 00:49:25,120
Speaker 3: living close to your parents and your family.

1061
00:49:25,480 --> 00:49:27,720
Speaker 2: I mean the preschool teacher.

1062
00:49:28,120 --> 00:49:31,480
Speaker 1: Yeah, I mean if if if every like someone has

1063
00:49:31,520 --> 00:49:33,719
Speaker 1: like who's going to teach your children? You know you

1064
00:49:34,400 --> 00:49:36,800
Speaker 1: need to We need these people. If anything, the pandemic

1065
00:49:37,000 --> 00:49:40,680
Speaker 1: pandemic has taught us that our educators or need to

1066
00:49:40,719 --> 00:49:44,120
Speaker 1: be way more value than they are. But yeah, so

1067
00:49:44,120 --> 00:49:46,080
Speaker 1: thanks for your perspective on that. And I think I

1068
00:49:46,120 --> 00:49:49,280
Speaker 1: read something recently that was like money doesn't make you different,

1069
00:49:49,280 --> 00:49:51,359
Speaker 1: money makes you more of what you already are. And

1070
00:49:52,200 --> 00:49:58,719
Speaker 1: thankfully Tiffany was already a good person. Don't forget that

1071
00:49:58,760 --> 00:50:02,279
Speaker 1: that's on the way up, all right, well, let's take

1072
00:50:02,400 --> 00:50:05,680
Speaker 1: one more quick bake and bake one more quick break

1073
00:50:05,920 --> 00:50:24,040
Speaker 1: and be back with our brown Boost Brown Break, and

1074
00:50:24,160 --> 00:50:26,160
Speaker 1: we're back. And by the way, you can get a

1075
00:50:26,160 --> 00:50:28,040
Speaker 1: T shirt that says be your own Brown Boost.

1076
00:50:28,440 --> 00:50:32,600
Speaker 2: Oh no, I'm a mess. I should know this, but

1077
00:50:32,800 --> 00:50:33,440
Speaker 2: you should.

1078
00:50:33,160 --> 00:50:35,440
Speaker 1: Probably go to Brian misstore dot com. Just me, Hey,

1079
00:50:35,480 --> 00:50:36,480
Speaker 1: get yourself some swag.

1080
00:50:36,600 --> 00:50:40,520
Speaker 3: I love that that awesome like phrase look at too clever.

1081
00:50:41,120 --> 00:50:42,800
Speaker 1: I don't even remember if I made that up or

1082
00:50:42,800 --> 00:50:44,600
Speaker 1: if a listener, I don't know, but thank y'all for

1083
00:50:44,680 --> 00:50:47,640
Speaker 1: if you have more ideas for T shirt logos, are saying,

1084
00:50:48,000 --> 00:50:51,000
Speaker 1: hit us up. Brindabishon podcast at gmail dot com. We're

1085
00:50:51,080 --> 00:50:52,439
Speaker 1: just I mean, I'm just making it up.

1086
00:50:52,680 --> 00:50:57,480
Speaker 2: Right now, brindibishonstore dot com. I'm going right now, fabulous.

1087
00:50:57,480 --> 00:50:59,680
Speaker 1: All right, Well, let me do a quick brown Boost

1088
00:50:59,840 --> 00:51:03,640
Speaker 1: because babe upstairs really wants me and I miss him.

1089
00:51:03,680 --> 00:51:06,440
Speaker 1: Oh my goodness, it's been a few hours, so brown Boost.

1090
00:51:06,480 --> 00:51:10,359
Speaker 1: I finally finally hired a babysitter. My neighbor's daughter has

1091
00:51:10,400 --> 00:51:13,480
Speaker 1: been coming as of this morning to help more like

1092
00:51:13,520 --> 00:51:17,799
Speaker 1: a mother's helper type thing. So and honestly, I was like,

1093
00:51:17,840 --> 00:51:19,520
Speaker 1: I need someone here on the days when it's just

1094
00:51:19,560 --> 00:51:22,160
Speaker 1: being my husband, because his mother has been coming on

1095
00:51:22,200 --> 00:51:23,680
Speaker 1: the days when he has to go to work in

1096
00:51:23,719 --> 00:51:28,160
Speaker 1: the city. But like, listen, like guys are stupid, Like

1097
00:51:28,160 --> 00:51:29,960
Speaker 1: they're great, they can do a lot of things, but man,

1098
00:51:30,000 --> 00:51:32,520
Speaker 1: I just need someone to help him, help him so

1099
00:51:32,560 --> 00:51:36,920
Speaker 1: that I can work. And so far, so good. And

1100
00:51:36,960 --> 00:51:38,759
Speaker 1: that was a huge, huge step for me, just like

1101
00:51:38,840 --> 00:51:41,840
Speaker 1: mentally welcoming someone else into the house who's not a

1102
00:51:41,840 --> 00:51:45,040
Speaker 1: blood relative. But we've gotten to know our neighbors. That's

1103
00:51:45,040 --> 00:51:47,480
Speaker 1: been a real blessing of this pandemic. It just feels

1104
00:51:47,480 --> 00:51:51,200
Speaker 1: like the couple of blocks, you know, around us, we've

1105
00:51:51,239 --> 00:51:53,719
Speaker 1: just become this really nice little community and helping each

1106
00:51:53,719 --> 00:51:56,240
Speaker 1: other out. And I've gotten to know my neighbors really well,

1107
00:51:56,320 --> 00:52:00,080
Speaker 1: and I'm excited because she's like a college student and

1108
00:52:00,080 --> 00:52:04,160
Speaker 1: she's interested in early childhood education and she's really good

1109
00:52:04,160 --> 00:52:07,319
Speaker 1: with kids and anyway, and it's helping me out and

1110
00:52:07,520 --> 00:52:11,040
Speaker 1: it feels good to be a working mom with a little.

1111
00:52:10,760 --> 00:52:11,239
Speaker 2: Bit of help.

1112
00:52:11,960 --> 00:52:15,000
Speaker 1: So brown boost for myself finally getting over the mental

1113
00:52:15,040 --> 00:52:18,000
Speaker 1: hurdle of asking for help and hiring some help with

1114
00:52:18,080 --> 00:52:21,480
Speaker 1: the baby. I'm proud of you, well, you know, what

1115
00:52:21,600 --> 00:52:25,400
Speaker 1: boost up yourself? I was my own brown boost. I

1116
00:52:25,440 --> 00:52:26,000
Speaker 1: need that shirt.

1117
00:52:27,040 --> 00:52:27,440
Speaker 2: You know what.

1118
00:52:27,560 --> 00:52:30,040
Speaker 3: I'm going to boost up myself too, because so the

1119
00:52:30,120 --> 00:52:31,960
Speaker 3: book you guys, I don't know if you guys know,

1120
00:52:32,000 --> 00:52:35,719
Speaker 3: but I'm writing this adult book. It's literally like adulting,

1121
00:52:36,000 --> 00:52:38,480
Speaker 3: the finance book you need for like your adulting life.

1122
00:52:38,560 --> 00:52:40,840
Speaker 1: Right when you said adult book, I started thinking like

1123
00:52:40,960 --> 00:52:48,920
Speaker 1: adult movie. The tax accountants that come to my office.

1124
00:52:50,280 --> 00:52:52,520
Speaker 3: No, because I've been trying to crack the code on

1125
00:52:52,920 --> 00:52:55,280
Speaker 3: how do regular everyday people get good with their buddy?

1126
00:52:55,320 --> 00:52:57,600
Speaker 3: Like you know, like how does the mechanic, the teacher,

1127
00:52:58,080 --> 00:53:01,640
Speaker 3: the or the engineer, the doctor, the NBA player, Like

1128
00:53:01,680 --> 00:53:03,920
Speaker 3: how do you get good with your money? And so

1129
00:53:04,640 --> 00:53:07,280
Speaker 3: for the last like three years, I've been perfecting something

1130
00:53:07,320 --> 00:53:10,200
Speaker 3: called financial wholeness, which is these ten steps that you

1131
00:53:10,239 --> 00:53:12,439
Speaker 3: should accomplish in order to get good with your money.

1132
00:53:12,480 --> 00:53:14,720
Speaker 3: It starts with budgeting and ends with the state planning.

1133
00:53:15,160 --> 00:53:17,000
Speaker 3: But it's like, how does the twenty year old, the

1134
00:53:17,000 --> 00:53:18,440
Speaker 3: forty year old, the fifty year old, the sixty year

1135
00:53:18,440 --> 00:53:20,880
Speaker 3: old do all ten of those things? And so I

1136
00:53:20,920 --> 00:53:23,520
Speaker 3: finally I put it in a book, and I mean,

1137
00:53:23,600 --> 00:53:26,880
Speaker 3: I work hard, but I'm not gonna lie I don't

1138
00:53:27,120 --> 00:53:29,960
Speaker 3: know that I've ever worked this hard. Maybe once when

1139
00:53:30,000 --> 00:53:32,840
Speaker 3: I first started the Literature Academy or the Literature Challenge,

1140
00:53:32,840 --> 00:53:36,120
Speaker 3: and it almost killed me. But there are a handful

1141
00:53:36,120 --> 00:53:38,400
Speaker 3: of times I can't remember working this hard in this book.

1142
00:53:39,400 --> 00:53:40,680
Speaker 2: It is so much work.

1143
00:53:41,000 --> 00:53:43,440
Speaker 3: I don't know that I'm gonna write another one, but

1144
00:53:43,480 --> 00:53:46,799
Speaker 3: I'm just really excited about it. I finally submitted the

1145
00:53:46,840 --> 00:53:49,680
Speaker 3: final manuscript, because what happens is you kind of like

1146
00:53:49,680 --> 00:53:51,840
Speaker 3: write this draft and it gets edited about the editor

1147
00:53:51,920 --> 00:53:53,319
Speaker 3: that she sends it back to you, and then you

1148
00:53:53,440 --> 00:53:56,399
Speaker 3: edit it some more, and so I submitted, like it's

1149
00:53:56,400 --> 00:53:58,040
Speaker 3: not the final, final, final, it has to go to

1150
00:53:58,080 --> 00:54:01,399
Speaker 3: copy editing and some other two weeks, but it is,

1151
00:54:01,520 --> 00:54:03,759
Speaker 3: I would probably say a good seventy five percent of

1152
00:54:03,800 --> 00:54:04,279
Speaker 3: the way they are.

1153
00:54:04,280 --> 00:54:05,600
Speaker 2: But it's a full manuscript.

1154
00:54:05,600 --> 00:54:08,960
Speaker 3: And I could weep with joy when I tell you, Mandy,

1155
00:54:08,960 --> 00:54:11,160
Speaker 3: I have been working anywhere on the low end three

1156
00:54:11,200 --> 00:54:13,960
Speaker 3: hours a day upwards. One day I worked eight straight

1157
00:54:14,000 --> 00:54:17,680
Speaker 3: hours on the book, and I just it's a level

1158
00:54:17,680 --> 00:54:20,120
Speaker 3: of work that I just do not want to do anymore.

1159
00:54:21,920 --> 00:54:24,600
Speaker 2: I'm just so I could weep the opposite of passive income.

1160
00:54:24,840 --> 00:54:26,960
Speaker 2: Yes it is. When they told me like this, we

1161
00:54:27,440 --> 00:54:29,960
Speaker 2: have a manuscript. I was like okay.

1162
00:54:30,280 --> 00:54:31,719
Speaker 3: So they were like, well, we won't bother you for

1163
00:54:31,760 --> 00:54:33,600
Speaker 3: another couple of weeks because the copy editor is going

1164
00:54:33,640 --> 00:54:35,319
Speaker 3: to go over it and then you send it back

1165
00:54:35,320 --> 00:54:37,640
Speaker 3: to you and you know, like get whatever tweets you

1166
00:54:37,680 --> 00:54:38,080
Speaker 3: want to make.

1167
00:54:38,080 --> 00:54:40,000
Speaker 2: But it's done.

1168
00:54:40,080 --> 00:54:43,240
Speaker 3: And I'm really proud of myself because I pushed myself

1169
00:54:43,239 --> 00:54:45,040
Speaker 3: to the next level. Like I said, I work hard,

1170
00:54:45,040 --> 00:54:46,920
Speaker 3: but this was another level of work which I do

1171
00:54:47,000 --> 00:54:50,360
Speaker 3: not encourage because I have not I'm like, my husband's like,

1172
00:54:50,400 --> 00:54:52,200
Speaker 3: what do you look like? Okay, I wouldn't know because

1173
00:54:52,200 --> 00:54:54,400
Speaker 3: you live in your office. So I am going to

1174
00:54:54,400 --> 00:54:56,880
Speaker 3: spend actual time with him over the next couple of weeks.

1175
00:54:56,920 --> 00:54:59,960
Speaker 2: And you're gonna need more books. No, I don't want to.

1176
00:55:00,520 --> 00:55:01,360
Speaker 2: I won't be as hard.

1177
00:55:01,200 --> 00:55:02,640
Speaker 1: As the first one. But you're gonna do more.

1178
00:55:02,719 --> 00:55:04,560
Speaker 2: I don't want any honestly, I don't.

1179
00:55:04,719 --> 00:55:06,960
Speaker 1: They're addicting You're gonna do more, but it'll be fine

1180
00:55:07,000 --> 00:55:08,080
Speaker 1: because you get a ghostwriter.

1181
00:55:08,160 --> 00:55:08,880
Speaker 2: It'll be great. No.

1182
00:55:09,000 --> 00:55:11,640
Speaker 3: See, the the the self published books are easy because

1183
00:55:11,719 --> 00:55:12,920
Speaker 3: you know you set your own timeline.

1184
00:55:12,960 --> 00:55:13,839
Speaker 2: These books that are.

1185
00:55:13,760 --> 00:55:17,239
Speaker 3: Owed to the publisher, girl, they don't play with you,

1186
00:55:17,280 --> 00:55:19,319
Speaker 3: they're like, give me the book or I will come

1187
00:55:19,320 --> 00:55:21,120
Speaker 3: to your house and snatch it from your cold dead

1188
00:55:21,120 --> 00:55:23,719
Speaker 3: hands after strangling you. And so you get emails like that,

1189
00:55:23,719 --> 00:55:25,759
Speaker 3: you're like, I mean they're really nice, but it's just there.

1190
00:55:26,080 --> 00:55:28,960
Speaker 3: The deadlines are what are It's like, what's really overwhelming?

1191
00:55:29,000 --> 00:55:30,960
Speaker 3: So I just say all that to say that, like,

1192
00:55:31,239 --> 00:55:34,120
Speaker 3: it's done. I cannot wait for you know, it comes

1193
00:55:34,160 --> 00:55:37,000
Speaker 3: out next year April. I cannot wait for you guys

1194
00:55:37,040 --> 00:55:38,680
Speaker 3: to read it. I think it's going to change so

1195
00:55:38,680 --> 00:55:41,120
Speaker 3: many lives. It is my best book to date. And

1196
00:55:41,160 --> 00:55:42,920
Speaker 3: I usually am part of myself because I think, like

1197
00:55:42,960 --> 00:55:45,279
Speaker 3: everything I do is only okay. I'm like, I give

1198
00:55:45,280 --> 00:55:48,280
Speaker 3: yourself a C, but for this book, I give myself

1199
00:55:48,280 --> 00:55:49,799
Speaker 3: a solid B plus, which is.

1200
00:55:49,719 --> 00:55:51,600
Speaker 2: Like really good because I never think I do a

1201
00:55:51,600 --> 00:55:54,560
Speaker 2: good job. So bron Boosts. We're bron boosting up, boost

1202
00:55:54,600 --> 00:55:56,399
Speaker 2: up yourself again. Book book, book book.

1203
00:55:57,360 --> 00:56:01,440
Speaker 1: The budget needs to publishing outfit in print needs to happen.

1204
00:56:01,800 --> 00:56:03,040
Speaker 2: Yeah, no, girl, I'm tired.

1205
00:56:04,440 --> 00:56:07,560
Speaker 1: You will feel it's no I'm serious. They they say

1206
00:56:07,600 --> 00:56:09,200
Speaker 1: it's like having a baby. When you write a book,

1207
00:56:09,239 --> 00:56:12,359
Speaker 1: it's like you'll forget all the pain for your next one.

1208
00:56:12,440 --> 00:56:13,279
Speaker 1: And you'll do it again.

1209
00:56:14,200 --> 00:56:15,600
Speaker 2: We all see we go.

1210
00:56:17,200 --> 00:56:19,440
Speaker 1: Well, I'm excited for you.

1211
00:56:19,440 --> 00:56:20,280
Speaker 2: Congrats.

1212
00:56:20,320 --> 00:56:24,319
Speaker 1: Get good with your money by tippany Alija. Yes, all right, well,

1213
00:56:24,320 --> 00:56:27,319
Speaker 1: thanks y'all for another fabulous week at brand Ambition. Yes,

1214
00:56:27,440 --> 00:56:30,839
Speaker 1: it's been awesome five years and one week anniversary.

1215
00:56:31,440 --> 00:56:33,080
Speaker 3: Yes, and I like the I like the mail bag.

1216
00:56:33,080 --> 00:56:35,680
Speaker 3: We should do it more often mailbag m hmm.

1217
00:56:35,880 --> 00:56:37,759
Speaker 1: All right, y'all, thanks so much for your questions, Thank

1218
00:56:37,800 --> 00:56:40,920
Speaker 1: you for listening. Don't forget to leave us a review

1219
00:56:41,160 --> 00:56:44,000
Speaker 1: and a star rating on iTunes. Hopefully it's five stars,

1220
00:56:44,000 --> 00:56:46,160
Speaker 1: but you know, up to you, up to you, and

1221
00:56:46,200 --> 00:56:48,279
Speaker 1: then head over to brannambitiononstore dot com and pick up

1222
00:56:48,320 --> 00:56:51,080
Speaker 1: your swag and get something for your friend and your

1223
00:56:51,080 --> 00:57:01,120
Speaker 1: mother and your husband and everybody, everybody