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Speaker 1: It's time for the b a q a A the

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Speaker 1: b a q a what you say, the b a

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Speaker 1: q a man day, the b a q a with

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Speaker 1: today the b a q a a b abssion question answers,

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Speaker 1: you have questions, we have some answers. We are not

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Speaker 1: your therapists. That's your financial advisor, your attorney. But we

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Speaker 1: are too smart brown girls when it comes to money, career, business,

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Speaker 1: personal finances. So today we have a special guest relations Yeah, well,

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Speaker 1: I mean I don't.

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Speaker 2: Know about relationship. You know, I think you.

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Speaker 1: Too, But we have someone in the studio today with us.

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Speaker 3: Welcome as Carolyn Jones. Yeah, hello, where are you? Yeah?

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Speaker 3: I'm excited. You got to see a little behind the

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Speaker 3: scenes of us figuring out what the heck where are

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Speaker 3: you joining us from?

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Speaker 4: I am from Toronto, Canada.

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Speaker 3: We're international, that's it. He real. Nice.

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Speaker 4: See you're an honorary Canadian.

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Speaker 3: Now what's your BA story? How long have you been listening?

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Speaker 4: Oh, I've been listening for some time. And actually I'm

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Speaker 4: a mentor in Tiffany's mentor program. So yeah, I've been

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Speaker 4: enjoying that immensely. You give so much knowledge and it's

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Speaker 4: it's been such a great experience. So yeah, really appreciative

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Speaker 4: actually of the opportunity to come on talk to you guys.

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Speaker 3: Awesome, Well hit us, what's your question? We are going

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Speaker 3: into this completely blind.

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Speaker 4: Okay for sure. So I'm in the state age of

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Speaker 4: life where my daughter is going off to university and

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Speaker 4: you know, you have, you know in your mind that

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Speaker 4: you've saved enough money, but technically it's probably going to

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Speaker 4: be like twenty grand a year probably for four years,

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Speaker 4: which can add up really quick. And then on top

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Speaker 4: of that, you know her spending and different things that

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Speaker 4: can go on while she's in university. So you know,

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Speaker 4: I did have some savings when we first started, when

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Speaker 4: she was born, actually we started putting away, but you know,

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Speaker 4: the times are interesting times now. Of course she's going

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Speaker 4: into university where the market has kind of made a

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Speaker 4: little bit of a downturn, and so you know, you've

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Speaker 4: lost money a little bit there. But but how do

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Speaker 4: we kind of navigate through this new phase of life? Right?

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Speaker 4: And secondly, you know, to actually help her with her

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Speaker 4: own budgeting skills. Yeah, so when did she start her

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Speaker 4: first since in September twenty twenty three.

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Speaker 2: And is it in Canada that she's going or in

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Speaker 2: the US.

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Speaker 4: She'll probably be going in Canada.

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Speaker 3: Yes, yeah, I want to know, do y'all have well?

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Speaker 3: In the US? I know, we have the FASTPA, which

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Speaker 3: is the Federal application for Financial Student Aid, which is

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Speaker 3: like key to unlocking scholarship money also student loans of course,

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Speaker 3: but any kind of aid. Do y'all have something similar

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Speaker 3: in Canada?

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Speaker 4: We do? Yes. It goes by income based based on

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Speaker 4: the parents' income, and so it's something that you can

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Speaker 4: definitely tap into as well.

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Speaker 3: For sure, are y'all in that middle class trap where

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Speaker 3: you like earn too much to get a lot that's

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Speaker 3: exactly the same. I'm like, none of the good tax deductions.

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Speaker 3: I don't get none of them.

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Speaker 1: I know, well, I would say that there are. I mean,

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Speaker 1: even if she, you know, doesn't qualify for income based assistance,

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Speaker 1: I'm sure she's smart as a whip because she got

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Speaker 1: you as a mama, and so I you know, now

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Speaker 1: would be the time. This is what I'm doing for

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Speaker 1: a supergirl, My my bonus daughter is like applying for

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Speaker 1: any type of scholarship that she might you know, qualified for,

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Speaker 1: so really leaning into her guidance counselor and any other

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Speaker 1: like resources online that helped you to identify scholarships and

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Speaker 1: money is available that are not income based, but maybe

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Speaker 1: their merit based. Maybe she's a you know, she's a cheerleader,

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Speaker 1: or she's really good at science.

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Speaker 2: You know, she's a young woman of color. So that already.

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Speaker 1: I mean, I don't know how that works in Canada,

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Speaker 1: but you know here, you know, so I would be

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Speaker 1: leaning into because there's so much money left on the table.

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Speaker 1: So I'll give you an example of my sister. When

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Speaker 1: she was in she thought she was going to be

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Speaker 1: a doctor. She's a scientist now, but she thought she

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Speaker 1: was going to be a doctor. And so she got

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Speaker 1: a scholarship to Montclair State University that paid for school.

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Speaker 1: And when she applied, she was so nervous about whether

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Speaker 1: she was going to get it. And when she submitted it,

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Speaker 1: the lady was like, you could have literally wrote Mary

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Speaker 1: had a little land one hundred times and you were

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Speaker 1: going to get it because there are five spots and

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Speaker 1: only four people applied. Wow, And so there's a lot

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Speaker 1: of money left on the table. There's probably not as

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Speaker 1: much competition as you think. So I would start with that,

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Speaker 1: you know, because when did you said and it's coming up,

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Speaker 1: but still, you know, there's money can be happened, can

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Speaker 1: happen every year season school, so it's not like, yeah,

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Speaker 1: it has to open found.

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Speaker 3: Does she have like a does she have a thing?

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Speaker 3: You know, is there a sport or a yeah?

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Speaker 4: Does like me that? Okay, yeah, she does dance.

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Speaker 3: I never had a thing. So jealous of any kid

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Speaker 3: in college. I was like, I don't have a thing.

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Speaker 3: I'm just black, I guess. But no, I would say

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Speaker 3: there's any sort of scholarship through her the dance community.

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Speaker 3: And does she have her eye on a particular school yet?

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Speaker 4: Yeah, she's been really you know, my daughter is very indecisive,

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Speaker 4: so we've done a lot of like research and going

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Speaker 4: around and checking out different schools. So I think she

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Speaker 4: has her eye on couple now.

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Speaker 3: But yeah, I would strategize if she has specific schools,

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Speaker 3: I would get in touch with her or even just

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Speaker 3: google and go to their website and see what sorts

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Speaker 3: of scholarships they have because for me, one of the

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Speaker 3: and I'm glad Tiffany mentioned that some scholarships you can

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Speaker 3: renew every year because when I was in school, I

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Speaker 3: studied journalism and there was one scholarship through that specific school.

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Speaker 3: It was a few thousand dollars and you had to

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Speaker 3: apply each year, you had to remember to apply. But

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Speaker 3: if there's like a yeah, if there's a specific school

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Speaker 3: or focus that she wants to pursue, they may have

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Speaker 3: particular scholarships for people like her. And then with the

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Speaker 3: with the concept of indecisiveness too, Tiff, like, I think

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Speaker 3: we should talk about what are the options for maybe

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Speaker 3: if she doesn't really know where she wants to go

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Speaker 3: yet or what she wants to do, you know, going

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Speaker 3: into a smaller school to start with, like a community

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Speaker 3: college or equivalent in Canada. I don't know what the

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Speaker 3: structure is like there, but you know, figure out, get

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Speaker 3: your core your core classes, you know, under your belt,

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Speaker 3: save some money, and then transfer in potentially to a

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Speaker 3: bigger school if that's what she wants, and they'll talk

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Speaker 3: about yeah.

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Speaker 4: Yeah, I would totally agree with that, because even when

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Speaker 4: we did some tours and the bigger schools really did

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Speaker 4: overwhelm her, and so it was she really did gravitate

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Speaker 4: to some of the smaller schools. And again, you know,

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Speaker 4: you're coming from a high school that's like maybe I

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Speaker 4: don't know, four hundred students at the most right, Like

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Speaker 4: it's a really small school. So going from that to

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Speaker 4: like something like seventy two thousand is just you know,

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Speaker 4: kind of a little overwhelming for them.

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Speaker 3: Right, Beware those little tiny liberal art schools though, those

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Speaker 3: are the ones I get. Everyone like, get so many

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Speaker 3: kids wrapped up in student loans because they are are private.

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Speaker 3: Oh yeah, they're so true. And they'll tell you because

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Speaker 3: I almost ended up going to a school like that

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Speaker 3: in Georgia. They were like, you get twenty five thousand

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Speaker 3: dollars tuition, you know, like a scholarship, and I was

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Speaker 3: so proud, but then I realized, well, the total scholar

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Speaker 3: the total tuition was like forty k. And yeah, it's

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Speaker 3: really not Do we take a quick little break, brb.

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Speaker 2: All and we're back. Second question.

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Speaker 1: The second question about how do you get her on

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Speaker 1: you know, financial to start thinking about things, you know,

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Speaker 1: you want to start having those conversations now about her,

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Speaker 1: you know, about her personal finance.

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Speaker 2: I mean, I will recommend Gigos money.

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Speaker 1: It's a great pre college post college, but honestly, even

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Speaker 1: working through it maybe with her or just like like

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Speaker 1: there like any financial tool, like working through it with her,

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Speaker 1: having those conversations like when you go to school, you

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Speaker 1: might be interested in getting your credit card.

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Speaker 2: Here's what you should look for.

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Speaker 1: Here is you know, when it's just in case she

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Speaker 1: does get student loans, you know, when your free front

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Speaker 1: check comes. Here's the best way to navigate that. So

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Speaker 1: having those conversations ahead of time, deciding on a game plan,

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Speaker 1: and working through it with her, because she's got to

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Speaker 1: make mistakes, but you want her to make mistakes under

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Speaker 1: the protection of your parent or guidance.

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Speaker 2: You know, That's what my dad did.

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Speaker 1: I made mistakes, but it was like, hey, this thing

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Speaker 1: is happening, talk to me before you make that move.

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Speaker 1: So we map data plan so I didn't feel so

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Speaker 1: kind of like I was just out there making choices

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Speaker 1: by myself.

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Speaker 4: Mm hmmmm. So important actually, yeah, to create a plan,

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Speaker 4: especially with her, you know, are you like do plans?

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Speaker 4: Keep them structured too? Right?

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Speaker 3: So let's be real, are you what kind of mom

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Speaker 3: are you? Are you like a, Oh, they're gonna mess

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Speaker 3: it up. I'm just gonna do it for her? Kind

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Speaker 3: of are you feeling out her applications? What are you

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Speaker 3: writing your essays? What kind of mom? Are you? You're real?

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Speaker 4: Okay, I think I'm not quite on the far end

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Speaker 4: of that, but probably somewhere you're in a year right

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Speaker 4: because you know you want the best for them, and

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Speaker 4: that's the thing you have to try and let them

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Speaker 4: do their thing, but at the same time.

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Speaker 3: Go easier said than easier said be said. But you know,

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Speaker 3: with all my experience, my all my three years of

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Speaker 3: raising a tiny human know what I would say is

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Speaker 3: I have seen what happens when you overdo it, like

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Speaker 3: you do everything for them, and the lack of confidence

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Speaker 3: so that I can create and then making their own

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Speaker 3: decisions that can follow them well after college. Like a

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Speaker 3: college degree is all well and good, but I think

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Speaker 3: the lessons of being kind of lung out into a

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Speaker 3: relatively you know, like you still have the support of

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Speaker 3: your family, but relatively like independent environment, and be like,

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Speaker 3: have her decide what's my budget going to be for

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Speaker 3: my meals? I don't know if she decides to not

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Speaker 3: get the meal plan for example, which I decided to

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Speaker 3: do to save money. I had to learn how to

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Speaker 3: buy groceries and budget for that and get a part

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Speaker 3: time job so that I could afford my rent. And

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Speaker 3: that really instilled so much independence and confidence that was

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Speaker 3: I feel like a part of the college experience, and

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Speaker 3: I'm just I've seen it go the other way, and yeah,

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Speaker 3: I would just say, as much as you can, let

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Speaker 3: her figure out her own situation and let her come

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Speaker 3: to you if she has questions, give her some like

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Speaker 3: guidelines and you know, let her know that she has

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Speaker 3: a bit of a safety net. But as much as

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Speaker 3: you can let her be her own person making her

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Speaker 3: own choices.

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Speaker 4: You know, It's funny because as a parent, you and

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Speaker 4: I think, I think I've fall into this generation where

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Speaker 4: you're trying to give your kids a better life, right,

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Speaker 4: so you remember the struggle, you remember how it was,

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Speaker 4: and so therefore your trying to provide so they don't

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Speaker 4: have to worry about those things. But I think in

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Speaker 4: somewhere in there, we're losing that sense of independence and

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Speaker 4: we're losing the sense of you know, initiative. So I

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Speaker 4: try and myself aware of that, but it is hard.

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Speaker 3: Sometimes we're like I don't want to make a decision

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Speaker 3: because like what's mom going to say? Or for me,

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Speaker 3: it's like seeing someone not being able to make their

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Speaker 3: own choice until they've spoken to a parent or whoever

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Speaker 3: that person was who's been sort of pulling the strings.

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Speaker 3: I mean, I'm not saying go. Like my parents were

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Speaker 3: out where, they were like, you'll be fine bye. I

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Speaker 3: was like a last I was a last key kid

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Speaker 3: in every sense of the word. A little, a little

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Speaker 3: you know, support would have been nice. My dad did

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Speaker 3: love to take any grocery shopping though. That's the one

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Speaker 3: thing he would do. He'd come to college and we'd

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Speaker 3: go to the Walmart together and it'd be fun. But

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Speaker 3: he'd want to go after work hours because that's when

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Speaker 3: the single moms go to Walmart, so he could and

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Speaker 3: he was just like, yep, he would like narrate our

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Speaker 3: shopping trip, like, oh, just take him a baby girl

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Speaker 3: up to Walmart.

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Speaker 2: I know, so the people would know, like, I'm just

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Speaker 2: a good dad, good.

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Speaker 3: Single dad doing his you know, out here working hard

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Speaker 3: and see what prices are on the beast.

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Speaker 4: You know.

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Speaker 3: Yep, oh again, that's good.

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Speaker 2: I'm gad to your daddy something out.

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Speaker 1: Yeah, But honestly, I think it's constant communication. But yes,

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Speaker 1: you're wanting could because college is the time.

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Speaker 2: To make the mistakes, you know.

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Speaker 1: You know, there's a lot of forgiveness when you're seventeen, eighteen,

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Speaker 1: nineteen twenty, you know, credit scores can go down because

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Speaker 1: they could be raised again.

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Speaker 2: You know what I mean, You're gonna make those mistakes.

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Speaker 1: You're gonna actually want her to make those mistakes because

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Speaker 1: as she learns to dig herself out, then she's the

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Speaker 1: twenty five year old with the confidence and the knowledge

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Speaker 1: to like, you know, get on the street and narrow,

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Speaker 1: you know, so not to freak out when her credit

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Speaker 1: score is terrible or she over spends.

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Speaker 2: Or she's late or behind. Those are normal.

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Speaker 1: Things for that age range. You know, I didn't make

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Speaker 1: those mistakes until well after college because my dad kind

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Speaker 1: of narrated exactly what to do when I was in

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Speaker 1: I just did what he said. And then when I

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Speaker 1: was like, I got it, I did.

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Speaker 3: It and I was like, wait, what do I do?

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Speaker 1: And so I made every mistake hitting the book that

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Speaker 1: I was cleaning up by the age thirty, and I

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Speaker 1: just wish, you know, I had the freedom to make

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Speaker 1: more mistakes when I was when I was younger. So yeah, yeah, exactly.

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Speaker 1: You know, it's like falling when you're eighty versus following

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Speaker 1: falling when you're eighteen. You know, you following you're eighty,

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Speaker 1: that hip is going out, you know, eighteen, you know,

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Speaker 1: you know, you'll get out of a little embarrassed. It's like,

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Speaker 1: let that baby fall.

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Speaker 2: When she's when she's when she's young, you know what.

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Speaker 1: It's like I said, having those conversations regularly, checking in

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Speaker 1: regularly because really, to me, your job as a parent

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Speaker 1: is to give your kid the tools, you know, not

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Speaker 1: to do it for them, so that what they can

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Speaker 1: learn along the way. And so the tools that you

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Speaker 1: come up with based upon how you know she navigates.

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Speaker 1: I mean, you're her mama, so you know, like my

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Speaker 1: mom knows me well, she knows if I do like this, Tiff,

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Speaker 1: he's not gonna listen.

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Speaker 2: So I got to do it like this for her

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Speaker 2: to get it.

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Speaker 1: So knowing that finding tools that will resonate with how

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Speaker 1: she shows up in life, you know.

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Speaker 3: And so those are truly young. It's hard to like

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Speaker 3: remind young people to think about the future because everything

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Speaker 3: is like so in the moment. But if there's things

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Speaker 3: that she wants to accomplish, like spring break trips, those

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Speaker 3: always coming up nowhere, and then it's like am I

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Speaker 3: gonna how am I gonna pay for this? Like if

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Speaker 3: there's certain goals that she has, or if she has

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Speaker 3: to travel for her dance, you know, competitions or buy

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Speaker 3: equipment or outfits and stuff. Maybe it's about creating a

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Speaker 3: budget that is realistic for her, like what are her

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Speaker 3: goals and what she actually going to be paying for

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Speaker 3: and helping her just set up her accounts. And then

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Speaker 3: I had a question for you. So financially, you said

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Speaker 3: it's about twenty k a year tuition. Well, that's what

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Speaker 3: y'all are looking like, So what are y'all's options for

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Speaker 3: paying for that? Do you have a nice nest egg

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Speaker 3: that you're thinking do I dip into this or would

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Speaker 3: y'all potentially like are you thinking of maybe co signing

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Speaker 3: loans if it comes to that. I'm just wondering what

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Speaker 3: your options are.

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Speaker 4: So I guess as parents, you always thought that we

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Speaker 4: would pay for at least you know, the first degree,

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Speaker 4: you know, the first the version that decide. Yeah, right,

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Speaker 4: And so we do have savings that we created when

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Speaker 4: she was she was young, and which I think will

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Speaker 4: last us maybe two to three maybe years, and then

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Speaker 4: after that it will come from our source of being

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Speaker 4: come for sure.

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Speaker 3: So I mean that's incredible, But I don't think that

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Speaker 3: that should dissuade her from looking for really an economical

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Speaker 3: way to approach her education, because like that money could

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Speaker 3: be a down payment for her first house as well,

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Speaker 3: you know, or just selling or for her business if

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Speaker 3: she decides to launch a business like something. You know,

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Speaker 3: she ain't got to know that money is there.

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Speaker 2: This is it?

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Speaker 1: Like yeah, Carolyn, you say, Canada, Canada A.

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Speaker 3: Yeah, I do think knowing that there's a big nest,

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Speaker 3: like a big financial cushion, just that knowledge will make

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Speaker 3: you go through life a little differently. I don't it's that.

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Speaker 3: It's I think you're right. It's about setting them up

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Speaker 3: for success and making sure that they don't have to

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Speaker 3: struggle like we did. But how can you create a

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Speaker 3: sense that she's gonna you know, support?

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Speaker 1: It doesn't agree, right because I feel like black and

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Speaker 1: brown people we have this thing where like our kids

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Speaker 1: should know that things are hard.

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Speaker 2: And I'm like everybody else don't live like that, you

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Speaker 2: know what I mean?

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Speaker 4: You know what I mean?

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Speaker 1: And so like, you know, like for example, Alyssa, right,

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Speaker 1: my stepdaughter, she knows that there is a bunch of

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Speaker 1: money waiting for her, either to pay for school or

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Speaker 1: to pay for a home, and that she's going to

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Speaker 1: be fine because I want her to choose what she

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Speaker 1: wants to do, not what she feels like she has

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Speaker 1: to do in order to scrape by and make ends meet.

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Speaker 1: Because I there was a I don't I don't know

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Speaker 1: if you remember, we were in We're in that black

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Speaker 1: finance group right elevate on Facebook and someone posted like,

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Speaker 1: how many people who own a home you know, got

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Speaker 1: down down payment assistant from their parent?

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Speaker 2: And like everyone was like, what does that even mean?

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Speaker 1: And she had posted it in our like you know,

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Speaker 1: like necessarily it's not a white financial group, but it's

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Speaker 1: basically most people there are white, and almost more than

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Speaker 1: half said yeah, and it's not even something I feel

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Speaker 1: like black and brown people can conceptualize like wait.

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Speaker 2: Your parents getting ready for.

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Speaker 1: You know, and so like that kind of financial support

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Speaker 1: is foreign to us, but it ought not to be.

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Speaker 1: I want to listen to know that, Like, yo, you're

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Speaker 1: good either way. Choose what you want to do and

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Speaker 1: what you enjoy. I haven't found that it has dampened

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Speaker 1: her like desire for for more. If anything, She's like,

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Speaker 1: you know, Tiffany, the way you navvig, I want that

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Speaker 1: kind of life that you've been able to provide. What

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Speaker 1: does that look like? So where she's always starting a

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Speaker 1: new business. Always she's my TikTok account manager. She finally

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Speaker 1: got back to it because the money was running low

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Speaker 1: and she was like at bed back and beyond nec

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Speaker 1: on bottom. That's her new obsession, you know what I

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Speaker 1: see that. What I love about it is that I

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Speaker 1: thought that too, that maybe it was going to make

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Speaker 1: her kind of like spoilt, and it's like, no, it's

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Speaker 1: made her say, I want to maintain this lifestyle, you know,

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Speaker 1: and so what does that look like? And I talked

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Speaker 1: to her about it, like, hey, you know, this is

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Speaker 1: what I'm making. I don't need all this in order

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Speaker 1: to do this lifestyle. But this is about the range

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Speaker 1: that you'd have to make to make this lifestyle happen. So,

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Speaker 1: because once you leave here, girl, you're gonna be on

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Speaker 1: your own, you know. So if you're wanting this, you know,

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Speaker 1: you have to think to yourself, what am I going

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Speaker 1: to do for a living that will also provide this

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Speaker 1: for me. So we have those conversations because I think

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Speaker 1: a lot of kids don't, and so I just say

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Speaker 1: all that to say that, like, I don't want her

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Speaker 1: to think that she's going to have to struggle financially

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Speaker 1: because she's not, you know, And I told her, like

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Speaker 1: I have you, either way, you'll my rule for everybody

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Speaker 1: that I care about.

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Speaker 2: You'll never be homeless, are hungry, you know.

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Speaker 1: Now, excess and the bonus and the fabulous life whatever,

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Speaker 1: that's on you. But as far as the basics, there's

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Speaker 1: a solid foundation for you.

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Speaker 4: Mm hmm, you know.

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Speaker 3: And it's true.

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Speaker 4: I think it's like finding that balance between the two

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Speaker 4: because again, you have this need to provide for them,

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Speaker 4: but at the same time you want them to have

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Speaker 4: some responsibility. And like maybe that's the key there is

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Speaker 4: to anything that the bonus is, like like perhaps her

403
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Speaker 4: entertainment while she's in school and things like that. Perhaps

404
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Speaker 4: is that one.

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Speaker 3: Let's bring on her, right, Yeah, and that there's like

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Speaker 3: a you know that the funds are earmarked for something

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Speaker 3: like this is for your education or a down payment

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Speaker 3: or maybe a vehicle, you know, like those kind of necessities,

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Speaker 3: and let her see the work you know that you

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Speaker 3: guys have done to get that money. I think it's

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Speaker 3: important to show that work if you invested it, Like God,

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Speaker 3: I wish that would be a great forget about budgeting

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Speaker 3: and like credit card, a certain point I wish my

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Speaker 3: parents have been like, here's an i RA and you know,

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Speaker 3: get yourself set up and contribute your little money to it.

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Speaker 3: That would have been such an amazing gift.

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Speaker 2: Yeah.

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Speaker 1: I just put because you know now that she's quote

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Speaker 1: unquot working, I put her IRA money. You know because

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Speaker 1: right now the maximum for raw iray six thousand dollars

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Speaker 1: a year. So I said, Alyssa, six thousand dollars going

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Speaker 1: to be deposit into your account. It is not for

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Speaker 1: sixteen year old me, Lissa, it is for sixty five

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Speaker 1: year old listen. She was like, I said, I mean,

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Speaker 1: I texted to her. I called her about it. I

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Speaker 1: let her mama know, depositive the money, the IRI, the

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Speaker 1: raw Thiray account, like my financial advisor went to withdraw

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Speaker 1: it it. The withdraw got denied and I'm like why

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Speaker 1: and she said, because the money's not there. I was like,

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Speaker 1: not all of it. A couple hundred, I said, Alyssa

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Speaker 1: Banna Smith. I text her, I said, I set her

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Speaker 1: the screenshot of the financial advisor saying that some of

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Speaker 1: the money's not there.

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Speaker 2: It wasn't. She was like, oh, I thought they had

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Speaker 2: taken it already.

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Speaker 1: I said, you thought you just had a just an

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00:20:48,520 --> 00:20:52,920
Speaker 1: extra six thousand dollars in your accounts because I told her.

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Speaker 2: Like I think I told her the day that like,

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00:20:54,480 --> 00:20:55,760
Speaker 2: oh the money.

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00:20:55,560 --> 00:20:57,560
Speaker 3: Was withdrawn, Oh you put it in her bank accounts

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00:20:57,560 --> 00:20:59,480
Speaker 3: so it could be transferred to her exactly.

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00:21:01,880 --> 00:21:04,159
Speaker 1: I had called her, yes, and so she doesn't know what.

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00:21:04,240 --> 00:21:07,879
Speaker 1: I was like, Alyssa, So I'm texting her. I was like,

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00:21:08,160 --> 00:21:08,960
Speaker 1: where is the money?

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00:21:09,359 --> 00:21:11,920
Speaker 2: She was like, oh, I thought that that was like extra.

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00:21:12,000 --> 00:21:13,880
Speaker 2: I was wondering with that money. I was like this,

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00:21:14,480 --> 00:21:15,120
Speaker 2: you had exercise.

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00:21:15,200 --> 00:21:18,800
Speaker 1: I'm not aware, Like we're what And so she's like, oh,

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00:21:18,880 --> 00:21:19,600
Speaker 1: you know, I'm gonna put back.

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00:21:19,600 --> 00:21:20,360
Speaker 2: I'm gonna put it back.

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00:21:20,480 --> 00:21:22,520
Speaker 1: So I guess because she has her own savings account,

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00:21:22,680 --> 00:21:24,360
Speaker 1: so I guess she must have like transferred it back.

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00:21:24,520 --> 00:21:26,280
Speaker 1: And I was like, let's have a talk after school,

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00:21:26,280 --> 00:21:26,720
Speaker 1: and she was.

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00:21:26,680 --> 00:21:28,640
Speaker 2: Like, oh, it's back. Like chat.

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00:21:31,520 --> 00:21:34,520
Speaker 1: But those are the types of mistakes that she ought

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00:21:34,520 --> 00:21:37,439
Speaker 1: to make, you know, because I told her, I said,

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00:21:37,680 --> 00:21:40,080
Speaker 1: if that's gonna happen, then I'm not gonna put money

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00:21:40,080 --> 00:21:43,199
Speaker 1: in your account. Like the reason why you're able to

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00:21:43,200 --> 00:21:45,280
Speaker 1: do this is that you cannot have a retirement account

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00:21:45,320 --> 00:21:47,479
Speaker 1: if you don't. If you're not making earned income and

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00:21:47,520 --> 00:21:50,760
Speaker 1: you're legitimately my TikTok manager, and so I pay you

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00:21:51,080 --> 00:21:52,680
Speaker 1: and then this is part of your payment where we're

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00:21:52,680 --> 00:21:55,360
Speaker 1: setting it aside. So that way you can set aside money.

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00:21:55,400 --> 00:21:57,520
Speaker 1: I said, I'm not taking my dad. It's so crazy

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00:21:57,520 --> 00:21:59,639
Speaker 1: because I remember my dad having this conversation with me

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00:21:59,680 --> 00:22:02,440
Speaker 1: when I'm around her age and he was like transferring

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00:22:02,520 --> 00:22:04,560
Speaker 1: money from my checking to my savings and he's like,

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00:22:04,600 --> 00:22:07,200
Speaker 1: I'm not taking your money, I'm giving it from Tiffany

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00:22:07,240 --> 00:22:09,800
Speaker 1: to Tiffany, you know. And so it was crazy that

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00:22:09,920 --> 00:22:12,600
Speaker 1: was having that same conversation and like it might feel like, oh, Tiffany,

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00:22:12,800 --> 00:22:15,120
Speaker 1: the other woman that have nice things and candles whatever,

473
00:22:15,160 --> 00:22:18,040
Speaker 1: was like, no, it's going from Alyssa to Alyssa. It's

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00:22:18,160 --> 00:22:21,000
Speaker 1: just that Alyssa right now doesn't need it like Alyssa

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00:22:21,080 --> 00:22:24,359
Speaker 1: later will need it. And so having, you know, knowing that,

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00:22:24,720 --> 00:22:26,080
Speaker 1: I'm sure the next time I do is she's still

477
00:22:26,119 --> 00:22:29,160
Speaker 1: gonna spend it. But we'll have those conversations because she's sixteen,

478
00:22:29,600 --> 00:22:31,080
Speaker 1: and so if you have them enough by the time

479
00:22:31,119 --> 00:22:33,639
Speaker 1: she's twenty five, she's good to go, you know. And

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00:22:33,680 --> 00:22:35,600
Speaker 1: so just keeping that in mind that, yeah, the mistakes

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00:22:35,640 --> 00:22:38,679
Speaker 1: will happen. But to Mandy's point, having those conversations, like

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00:22:38,680 --> 00:22:40,240
Speaker 1: you know, I told her like what a rowth ira

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00:22:40,480 --> 00:22:42,800
Speaker 1: is and why that's so important and what that will

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00:22:42,800 --> 00:22:45,359
Speaker 1: look like, and you know, like I know that she

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00:22:45,400 --> 00:22:48,960
Speaker 1: doesn't fully understand, but I know that I'm planning the seeds,

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00:22:49,400 --> 00:22:51,040
Speaker 1: you know, for a sixteen year old who becomes a

487
00:22:51,080 --> 00:22:54,760
Speaker 1: twenty something year old who's like, oh got it, you know, yesh.

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00:22:54,800 --> 00:22:56,119
Speaker 1: But I could not believe. But I was like, I

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00:22:56,160 --> 00:22:56,960
Speaker 1: just told this girl not.

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00:22:57,040 --> 00:22:58,760
Speaker 2: To touch money.

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00:22:59,280 --> 00:23:03,480
Speaker 3: Alissa, you ate a aajillionaire business badass, like you got

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00:23:03,560 --> 00:23:09,119
Speaker 3: everything going for you, going everything your project.

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00:23:10,240 --> 00:23:13,320
Speaker 2: I was like, okay, do you know I don't want

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00:23:13,480 --> 00:23:13,960
Speaker 2: to test that.

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00:23:14,000 --> 00:23:21,200
Speaker 1: Money, no pressure, No, but hopefully Caroenen, this was really helpful.

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00:23:21,720 --> 00:23:24,359
Speaker 4: No, it was. It was. I so appreciate it. Really

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00:23:24,520 --> 00:23:26,480
Speaker 4: just getting thinking a little bit differently, right.

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Speaker 3: M hmmm.

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00:23:29,800 --> 00:23:29,960
Speaker 2: Yes.

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Speaker 1: If you're listening and you're like I want to be

501
00:23:31,720 --> 00:23:33,679
Speaker 1: in the hot seat and I'd love to be in studio,

502
00:23:33,800 --> 00:23:35,280
Speaker 1: or you just have questions. If you want to be

503
00:23:35,320 --> 00:23:39,040
Speaker 1: in studio, follow us on Instagram Brian and Vision Podcast

504
00:23:39,119 --> 00:23:42,320
Speaker 1: and send us a voice note. Our podcast our producer

505
00:23:42,359 --> 00:23:44,960
Speaker 1: Imani will listen and see if you'll be a fit.

506
00:23:45,080 --> 00:23:46,920
Speaker 1: And at the very least, you can always send us

507
00:23:47,200 --> 00:23:50,480
Speaker 1: a note via Brianna Vision podcast dot com and click

508
00:23:50,520 --> 00:23:53,040
Speaker 1: contact us or ask us anything and you know we

509
00:23:53,119 --> 00:23:54,280
Speaker 1: might read your question.

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00:23:54,200 --> 00:23:55,640
Speaker 2: Aloud on the chef.

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00:23:55,800 --> 00:23:59,879
Speaker 3: See you next week. Bye, heyba Faan. We could not

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00:24:00,119 --> 00:24:02,560
Speaker 3: do this show without your support or the support of

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00:24:02,600 --> 00:24:05,760
Speaker 3: our team behind the scenes. The Brown Ambission Podcast is

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00:24:05,800 --> 00:24:09,639
Speaker 3: produced by Cumulus Podcast Network. It's edited by the wonderful

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00:24:09,680 --> 00:24:14,120
Speaker 3: Imani Crosby and produced by Tanya Bustos. Dennistimplinsky is our

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00:24:14,160 --> 00:24:17,440
Speaker 3: in house tech curu and I am Bandy Woodard Santos,

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Speaker 3: your co host, and I will see y'all next week.