WEBVTT - Student Loan Forgiveness + Entrepreneur Woes 0:00:16.400 --> 0:00:21.920 Hey, hey, hey, I'm back. We're black and Brown. 0:00:22.840 --> 0:00:28.600 It's Tiffany and Mandy. I feel like you want to 0:00:28.600 --> 0:00:32.440 make this low key like Mickey mouse Club intro. You're 0:00:32.520 --> 0:00:35.479 you're forcing me into it. I will not relent. I 0:00:35.520 --> 0:00:36.080 can't do it. 0:00:36.920 --> 0:00:39.199 I put my I don't know if what you call 0:00:39.240 --> 0:00:40.959 when you I guess when you butterfly your fingers, that's 0:00:40.960 --> 0:00:42.800 when you, like, you know, put the fingers between the 0:00:43.479 --> 0:00:45.440 creases of your other fingers. And I have like under 0:00:45.479 --> 0:00:48.280 my chin like it's Tiffany and I'm leaning in to 0:00:48.400 --> 0:00:51.839 the mic like you turn Mandy such a good visual. 0:00:52.080 --> 0:00:55.440 What's up, guys, It's Mandy brown Fish. 0:00:56.440 --> 0:00:57.160 Have you been. 0:00:57.840 --> 0:01:00.680 Oh, I've been good man. Have you read the news 0:01:00.720 --> 0:01:04.240 about so we all know, Amazon finally chose its location 0:01:04.480 --> 0:01:08.399 or two locations for its headquarters. Sorry to Newark, you 0:01:08.440 --> 0:01:11.120 were not the chosen one. But my old neighborhood in 0:01:11.200 --> 0:01:14.279 Queens Long Island City was chosen. And I read something 0:01:14.319 --> 0:01:17.440 about how already the rents in the real estate prices 0:01:17.440 --> 0:01:20.720 are going bananas, and I'm kind of happy in a 0:01:20.760 --> 0:01:24.000 way that it wasn't somewhere that I live now, because 0:01:24.120 --> 0:01:25.800 I don't know, I just feel like Amazon's going to 0:01:25.840 --> 0:01:27.880 come and everything's gonna be more expensive and the neighborhood's 0:01:27.880 --> 0:01:28.560 going to be ruined. 0:01:29.400 --> 0:01:32.160 Honestly, it's already crazy. Like a friend of mine was 0:01:32.200 --> 0:01:36.440 looking for an apartment in Newark and he was like, yo, 0:01:37.280 --> 0:01:41.760 the one bedrooms were twenty five, No twenty it was 0:01:41.800 --> 0:01:44.000 it a twenty two or twenty four hundred dollars and 0:01:44.080 --> 0:01:47.280 that did not include you had to pay electricity, heat, 0:01:47.400 --> 0:01:50.040 and hot water. And I'm like, when did nowick get 0:01:50.040 --> 0:01:52.400 to be twenty four hundred for a one bedroom? 0:01:52.920 --> 0:01:55.280 Wait? This is pre okay, So this is just imagine 0:01:55.280 --> 0:01:57.480 like if Amazon had come to town, Oh my goodness. 0:01:57.520 --> 0:01:58.960 Honestly, it would have been I mean, it would have 0:01:58.960 --> 0:02:01.040 been great for my property bound, but it would have 0:02:01.080 --> 0:02:06.600 been bad something. But it's new. I think people don't 0:02:06.640 --> 0:02:09.160 realize it's They think like, oh, let me get into 0:02:09.400 --> 0:02:10.919 before it's too late. I feel like it might be 0:02:10.960 --> 0:02:13.280 too late because I just saw a property like for 0:02:13.360 --> 0:02:15.600 sale in the fourth sol section where I live, on 0:02:15.680 --> 0:02:18.960 sale for seven hundred and ninety nine thousand dollars in Newark, 0:02:19.000 --> 0:02:23.400 New Jersey, and I'm like, yeah, it's it's property values 0:02:23.440 --> 0:02:26.200 are really Like I said, it's great that I already bought, 0:02:26.240 --> 0:02:30.520 but it's almost too late for folks who've lived here 0:02:30.600 --> 0:02:32.840 their whole lives to purchase something because it's getting to 0:02:32.840 --> 0:02:33.680 be so expensive. 0:02:33.919 --> 0:02:36.239 Get those auction homes like you did, or one of 0:02:36.280 --> 0:02:37.960 your homes, right, you got that ad auction? 0:02:38.600 --> 0:02:40.440 Well, way to do it. Yeah, Well both of them 0:02:40.520 --> 0:02:43.680 kind of like ad auction, but one was like directly 0:02:43.680 --> 0:02:46.440 from the bank, and one was from the city New York. 0:02:46.440 --> 0:02:48.320 Property. About New York and New Jersey, it's sucially like 0:02:48.320 --> 0:02:50.800 an extreme real estate environment. I know other parts of 0:02:50.800 --> 0:02:53.400 the country are not this crazy, but I do feel like, 0:02:53.440 --> 0:02:55.440 you know, one of the things that we consider before 0:02:55.480 --> 0:02:57.720 we purchased a house in the neighborhood that we chose 0:02:58.160 --> 0:03:01.840 was my husband did look at city council meeting for 0:03:01.919 --> 0:03:04.679 the town. Well, it's confusing and in the suburbs of 0:03:04.720 --> 0:03:07.840 New Yorkers like towns and villages and oh god, it 0:03:08.040 --> 0:03:12.040 like all these different ways of calling a community. But anyhow, 0:03:12.200 --> 0:03:14.800 he went to the old meetings and wanted to see 0:03:14.840 --> 0:03:17.959 what's being developed in the areas. And I feel like 0:03:18.000 --> 0:03:21.080 that's a good sign that there's prosperity coming to the 0:03:21.120 --> 0:03:23.239 area if you've gotten new things being developed. So that's 0:03:23.240 --> 0:03:25.280 one thing that we did. We saw they were building 0:03:25.280 --> 0:03:27.160 a shake shack and they were building a new shopping 0:03:27.200 --> 0:03:29.840 center and expanding things. So that was a good sign 0:03:29.880 --> 0:03:33.640 for us because our neighborhood, like it really was, it 0:03:33.720 --> 0:03:36.440 wasn't unscathed from the recession. I mean, no place was 0:03:36.440 --> 0:03:39.240 really unscathed, but our neighborhood did take a hit in 0:03:39.320 --> 0:03:43.440 home values pretty pretty severely during the recession. And even 0:03:43.440 --> 0:03:45.120 there's a couple of houses if you if you drive 0:03:45.160 --> 0:03:49.160 around our neighborhood that look like abandoned foreclosures, and if 0:03:49.160 --> 0:03:51.000 you look them up on Zillo or something like that, 0:03:51.040 --> 0:03:52.800 it shows that like the bank owns them. 0:03:53.160 --> 0:03:53.760 Yeah. 0:03:53.840 --> 0:03:57.080 So it's like this neighbors like this dichotomy of people 0:03:57.400 --> 0:04:00.280 selling who like rebounded from the recession, if you like, 0:04:00.360 --> 0:04:03.360 hang on for dear life. The property values did recover 0:04:03.920 --> 0:04:06.880 and you know, exceeded what they were like twenty eleven, 0:04:06.960 --> 0:04:10.760 twenty twelve, but some people didn't make it, and it's 0:04:10.760 --> 0:04:12.920 still like the remnants of the recession still a little bit. 0:04:13.480 --> 0:04:16.840 Yeah, you could totally see it. I and that's the 0:04:16.880 --> 0:04:18.480 reason why I brought like my second house. It was 0:04:18.520 --> 0:04:21.320 because I knew that I'd heard that the train station 0:04:21.600 --> 0:04:23.360 was coming, and after asking around and going to a 0:04:23.400 --> 0:04:26.920 few meetings, there is going to be a direct train 0:04:27.040 --> 0:04:29.440 to the airport, New York Airport, and then direct train 0:04:29.560 --> 0:04:32.000 to It'll be a path train, so it'll also go 0:04:32.160 --> 0:04:35.120 to Midtown Manhattan. So I'm like, ooh, this is a 0:04:35.160 --> 0:04:39.400 great place to buy. But yeah, speaking of recessions, my 0:04:39.760 --> 0:04:41.800 did I mention that. I think my accountant said this, 0:04:41.880 --> 0:04:43.680 but also a friend of mine who really likes to 0:04:43.680 --> 0:04:47.000 study markets, he was like, Yo, another recession is coming. 0:04:47.040 --> 0:04:49.800 I mean, but I guess that's just it's cyclical. But 0:04:50.000 --> 0:04:52.400 he made it sound like impending doom. And I'm not 0:04:52.400 --> 0:04:53.720 gonna lie, I got it a little nervous. 0:04:54.200 --> 0:04:56.359 Oh, I mean, experts have been saying that they've been 0:04:56.400 --> 0:04:58.440 trying to you know how, like you keep guessing and 0:04:58.480 --> 0:05:00.279 hoping that you time it right. And oh, I'm going 0:05:00.360 --> 0:05:02.640 to predict that it's going to be a bear market 0:05:02.720 --> 0:05:04.600 is coming, so that tomorrow, when it actually comes, I 0:05:04.640 --> 0:05:06.719 can say that I was right. People have been like 0:05:06.800 --> 0:05:09.120 waiting for the other shoe to drop. I mean, what 0:05:09.240 --> 0:05:11.920 goes up has to come down, right, And the market's 0:05:11.920 --> 0:05:14.680 been super volatile, and even just this week with Trump 0:05:14.760 --> 0:05:17.800 making his comments, oh, we're we're calling a truce with 0:05:18.560 --> 0:05:21.359 China in the trade war. And oh now, Trump seemed 0:05:21.360 --> 0:05:23.000 to forget about the fact that he called the truce 0:05:23.040 --> 0:05:26.080 today and the markets were down three percent, Like he 0:05:26.480 --> 0:05:31.240 his tweets, his comments, his inanity, like he is that 0:05:31.320 --> 0:05:33.640 a word? Inanity? I just feel like I made that up. 0:05:34.760 --> 0:05:35.200 Inane. 0:05:35.720 --> 0:05:40.440 His stupidity. It really moves the markets. Yeah, and on 0:05:40.480 --> 0:05:43.560 top of that, Yeah, we had like double digit gains 0:05:43.640 --> 0:05:47.360 last year, like crazy gains in the market. So it's 0:05:47.400 --> 0:05:50.839 you know, that kind of growth is not sustainable always. 0:05:50.880 --> 0:05:53.280 So you will see. But it's important not to look 0:05:53.320 --> 0:05:56.160 at what's happening this week, this month, this year, but 0:05:56.200 --> 0:05:59.400 look back over the past ten twenty, the average returns 0:05:59.400 --> 0:06:03.200 over the last a handful of years, and even extend 0:06:03.240 --> 0:06:06.240 that to ten years or longer to see, Okay, what 0:06:06.360 --> 0:06:09.280 kind of return can you expect on average versus how 0:06:09.320 --> 0:06:12.200 are things doing day to day unless you're like day trading, 0:06:12.320 --> 0:06:14.280 then you know you're having a heart attack right now. 0:06:14.920 --> 0:06:17.480 Good because I mean just the fact that GM left, 0:06:17.560 --> 0:06:21.320 you know, let's go of fifteen thousand workers. That's crazy 0:06:21.600 --> 0:06:24.440 fifteen yeah, fifteen thousand. 0:06:24.040 --> 0:06:25.400 Telling you man, and this is the time of year 0:06:25.400 --> 0:06:27.200 when people do their layoffs. 0:06:27.400 --> 0:06:30.360 Yeah, and then the fact too, like I was. I 0:06:30.480 --> 0:06:32.719 was at the bank the other day opening up another 0:06:33.640 --> 0:06:37.920 checking account for a business and we were talking to 0:06:38.000 --> 0:06:39.760 my business partner and I were talking to the banker 0:06:40.160 --> 0:06:41.960 and he was saying, you know, money is getting more 0:06:41.960 --> 0:06:45.800 and more expensive, like you know, interest rates are raising, 0:06:45.880 --> 0:06:48.360 and he was like, you know, he always watches or 0:06:48.640 --> 0:06:51.960 to see like maybe I don't even know. At one 0:06:51.960 --> 0:06:54.240 point the interest rate right after post recession had gotten 0:06:54.520 --> 0:06:58.760 down to two point five percent, and now they're steadily climbing. 0:06:58.760 --> 0:07:00.920 I think we're at like five or six percent. Like 0:07:00.920 --> 0:07:01.599 if you're going to buy a. 0:07:01.560 --> 0:07:04.160 House or whatever, my mortgage rates yeahm hm. 0:07:04.400 --> 0:07:06.320 And so he was like, you know, they you know, 0:07:06.360 --> 0:07:08.120 they might get as high as and they likely to 0:07:08.240 --> 0:07:09.960 get as high ast double digits. And that's when you know, 0:07:10.000 --> 0:07:10.600 you start. 0:07:10.400 --> 0:07:14.960 To to get into trouble because it peaks in double 0:07:14.960 --> 0:07:19.960 digits ten fifteen, twenty not twenty ten, you know, fifteen percent, 0:07:20.080 --> 0:07:22.520 and then something happens to bring them crashing on down. 0:07:22.800 --> 0:07:24.800 So I'm not gonna lie. Makes me nervous. I'm wondering 0:07:25.200 --> 0:07:28.160 should we wait to develop the second property because I 0:07:28.200 --> 0:07:30.360 want to borrow cheaply. I'm not going to pay out 0:07:30.400 --> 0:07:32.880 of pocket. So we had a decision to make, like 0:07:32.920 --> 0:07:35.440 if we're gonna do we get a construction loan, which 0:07:35.520 --> 0:07:37.640 is an unsecured loan, like the bank just says, hey, 0:07:37.640 --> 0:07:39.840 we'll give you money from like you know, the fact 0:07:39.840 --> 0:07:41.840 that you've got great credit or whatever. Or do we 0:07:41.840 --> 0:07:44.560 get a secured loan because we own our house cash 0:07:44.760 --> 0:07:49.280 we basically borrow against our house now and then then 0:07:49.280 --> 0:07:51.680 we all of a sudden have a mortgage for our 0:07:52.440 --> 0:07:55.520 home and then not a mortgage for the for the 0:07:55.560 --> 0:07:57.440 second home. So we've been like kind of like going 0:07:57.480 --> 0:07:59.720 back and forth and trying to figure out like or 0:07:59.760 --> 0:08:04.560 do we just wait because I don't. Every every month 0:08:05.640 --> 0:08:07.960 we wait, the interest rate goes up and makes money 0:08:07.960 --> 0:08:09.240 more and more expensive to borrow. 0:08:09.320 --> 0:08:12.320 So I'm like, uh, well, I think any secured debt 0:08:12.360 --> 0:08:14.760 is always going to be more affordable than an unsecured 0:08:14.800 --> 0:08:17.960 loan because you have something holding the asset, like you 0:08:18.040 --> 0:08:19.760 have you have not the asset, but you have an 0:08:19.800 --> 0:08:22.960 asset backing up the loan. So typically any mortgage, like 0:08:23.000 --> 0:08:25.120 a home equity loan, is always going to have or 0:08:25.200 --> 0:08:26.800 most likely going to have a lower rate than what 0:08:26.840 --> 0:08:30.480 you'd get from like an unsecured loan for the most part. 0:08:30.560 --> 0:08:33.079 So I mean, if you're just going on rates alone, 0:08:33.120 --> 0:08:36.200 it seems like a secured loan would get you a 0:08:36.200 --> 0:08:38.840 lower rate. But you're right, I mean, rates are rising, 0:08:38.920 --> 0:08:40.559 so if you're gonna, if you're sure, you're going to 0:08:40.640 --> 0:08:44.880 do it sooner rather than later. But at the same time, yes, 0:08:44.920 --> 0:08:47.800 mortgage rates are rising, and they're going up, you know, 0:08:48.360 --> 0:08:51.480 marginally each month. They're still very low historically, like back 0:08:51.480 --> 0:08:55.480 in the eighties they were double digits in the teens. Historically, 0:08:55.640 --> 0:08:58.280 rates are still pretty low in the baggage land. So 0:08:58.280 --> 0:09:00.880 if you're if you're worried about buying a house, like, yes, 0:09:01.280 --> 0:09:03.480 your rate is going to be higher than someone who 0:09:03.520 --> 0:09:07.480 bought a house a year ago, but not not terribly 0:09:07.679 --> 0:09:11.480 higher than or not definitely not like high enough to 0:09:11.800 --> 0:09:14.000 like harken back to those crazy days in the eighties. 0:09:14.960 --> 0:09:20.120 Yeah, yes, those are double digit that's crazy, Crank Cray. 0:09:20.360 --> 0:09:23.040 So I was reading we've talked about public service loan 0:09:23.040 --> 0:09:26.560 forgiveness before. This is kind of a I remember when 0:09:26.559 --> 0:09:29.160 I my husband works for the government, in like a 0:09:29.200 --> 0:09:32.040 couple of years ago, I was talking to my financial planner, 0:09:32.120 --> 0:09:34.440 Helen and I asked her, do you think it makes sense? 0:09:34.640 --> 0:09:36.120 Because we had like a lump sum of money and 0:09:36.120 --> 0:09:38.040 we wanted to know should we just pay off a 0:09:38.040 --> 0:09:40.160 student loan debt or should we just wait for him 0:09:40.160 --> 0:09:42.400 to get this public service loan forgiveness and just bide 0:09:42.400 --> 0:09:45.040 his time. He had, like, I forget how many years left, 0:09:45.080 --> 0:09:47.480 like seven or eight years left, and she was like, listen, 0:09:47.520 --> 0:09:50.560 do not rely on a government program that could easily, 0:09:51.120 --> 0:09:53.320 you know, change in the blink of an eye, depending 0:09:53.320 --> 0:09:56.400 on the administration or whatever. And we just went ahead 0:09:56.400 --> 0:09:58.520 and paid it off. And I'm feeling good about that 0:09:58.559 --> 0:10:02.640 decision because new data came out what a week or 0:10:02.679 --> 0:10:07.480 two ago that showed that only thirty fewer than thirty 0:10:07.520 --> 0:10:10.840 people actually have been approved for public service loan forgiveness 0:10:10.880 --> 0:10:15.120 out of thirty thousand who've applied for it. Yes, thirty 0:10:15.120 --> 0:10:18.559 people out of thirty thousand have actually applied and been 0:10:18.600 --> 0:10:21.360 granted public service loan forgiveness. 0:10:21.720 --> 0:10:25.920 And yes, that's honestly, that's just so crazy because it's like, 0:10:27.160 --> 0:10:29.559 what is going on in this country. I'm not gonna lie. 0:10:29.559 --> 0:10:31.880 I was sitting and thinking the other day, what is 0:10:31.880 --> 0:10:36.319 a solution? So, you know, like before it was like, well, 0:10:37.160 --> 0:10:39.480 you know, you get a job, and you know that 0:10:39.520 --> 0:10:41.120 it's going to be enough to pay your bills. But 0:10:41.160 --> 0:10:43.000 then also the job is also going to provide for 0:10:43.040 --> 0:10:45.120 your future because you're going to have you know, you're 0:10:45.120 --> 0:10:47.199 going to have a retirement account. With that job, you're 0:10:47.200 --> 0:10:50.200 going to have a you know, some sort of like pension. 0:10:51.000 --> 0:10:54.840 But now it's like a free for all. And what 0:10:55.840 --> 0:10:57.920 I don't like to look at myself as an example, 0:10:57.960 --> 0:11:00.600 because I like to look at myself as Tiffany the 0:11:00.640 --> 0:11:02.600 school teacher as an example. I didn't have a pension 0:11:02.640 --> 0:11:05.560 at school teacher, So like, what is what was Tiffany? 0:11:05.600 --> 0:11:08.440 What would Tiffany the school teacher do in order to 0:11:08.880 --> 0:11:13.160 maintain life now? And then also make sure that I've 0:11:13.160 --> 0:11:15.960 taken care of my older self. Honestly, I don't. I 0:11:15.960 --> 0:11:18.200 don't even And even though I was really tight, I 0:11:18.200 --> 0:11:20.240 didn't really spend much. I don't know if I'd be 0:11:20.240 --> 0:11:24.520 able to make it, And that that part just is 0:11:24.559 --> 0:11:28.480 really disheartening to me, because you should be able to 0:11:28.559 --> 0:11:31.680 make it, you know what I mean, Like you should 0:11:31.720 --> 0:11:34.200 be able to say I've got a good job and 0:11:34.320 --> 0:11:37.599 I don't have to make you know, six figures a 0:11:37.679 --> 0:11:39.960 year in order to pay my bills and set aside 0:11:40.000 --> 0:11:43.600 for retirement, like and I don't know that that's true, 0:11:44.160 --> 0:11:47.160 Like does everyone have to make one hundred thousand plus 0:11:47.400 --> 0:11:50.200 in order to be okay and in their day to 0:11:50.240 --> 0:11:52.760 day life and when they are ready to retire, because 0:11:52.800 --> 0:11:54.680 it's just not a reality. Some jobs just don't go 0:11:54.760 --> 0:11:55.480 that high, you know. 0:11:56.360 --> 0:11:58.400 I mean, that's the real frustration is that, guess the 0:11:58.440 --> 0:12:01.200 economy is doing really well, but age growth hasn't quite 0:12:01.200 --> 0:12:04.199 been growing as fast as the cost of fixed price 0:12:04.320 --> 0:12:09.240 things are like housing, education, They've just been growing in price, 0:12:09.360 --> 0:12:12.800 getting more expensive faster than wages have been growing. So 0:12:13.360 --> 0:12:15.160 that's why so many people are like, I feel like 0:12:15.200 --> 0:12:17.400 I'm doing everything right and I still and you know, 0:12:17.440 --> 0:12:19.880 everyone's saying the economy is strong, but yet I feel 0:12:19.920 --> 0:12:22.600 like I, you know, between my student loan debt, saving 0:12:23.120 --> 0:12:25.920 paying for my essentials, trying to put a little money 0:12:25.920 --> 0:12:28.720 away in savings, like I am barely making ends meet, 0:12:28.800 --> 0:12:32.400 and what's wrong with me? And yeah, you know, it's 0:12:32.520 --> 0:12:36.479 it's sad, and that's the reality. And I mean politics 0:12:36.480 --> 0:12:38.680 plays into it too, right, So a lot of people 0:12:38.679 --> 0:12:41.080 if you think about the most expensive schools out there, 0:12:41.800 --> 0:12:44.240 in some cases there are for profit schools or private 0:12:44.280 --> 0:12:47.800 liberal arts schools, you know, especially run in the for 0:12:47.880 --> 0:12:55.199 profit business. Like conservative politicians notoriously always create policy that 0:12:55.280 --> 0:12:58.800 favors these institutions, these businesses that are running colleges your 0:12:58.840 --> 0:13:03.680 itt Textssities of Phoenix, you know, these colleges that cost 0:13:03.840 --> 0:13:07.480 so much money and don't really provide aid, and you know, 0:13:07.520 --> 0:13:09.000 you can end up with a ton of debt and 0:13:09.000 --> 0:13:11.960 not a high paying career. You also have states, like 0:13:12.280 --> 0:13:16.880 conservative states, and if you look at the availability of 0:13:17.160 --> 0:13:20.400 public aid in some conservative states or states that have 0:13:20.440 --> 0:13:24.240 conservative leadership, look at who the governor is. They usually 0:13:24.240 --> 0:13:27.000 control the purse strings going to universities, and you might 0:13:27.040 --> 0:13:30.160 see that funding for public universities in the state has decreased, 0:13:30.600 --> 0:13:33.920 and that in which case you if you're going, if 0:13:33.920 --> 0:13:35.480 you're a student going to those schools, you had to 0:13:35.520 --> 0:13:39.160 take out more student loan aid student loan debt in 0:13:39.240 --> 0:13:41.480 order to pay for your tuition there. So you know 0:13:41.800 --> 0:13:44.600 who you vote for matters too. And then of course, 0:13:44.679 --> 0:13:47.760 like when you're choosing the school that you know you 0:13:47.840 --> 0:13:50.600 have to choose wisely in terms of like what is 0:13:50.640 --> 0:13:52.240 it going to look like when I graduate with all 0:13:52.280 --> 0:13:54.960 this debt, which is fine for people now, but like 0:13:55.000 --> 0:13:57.200 those of us who graduate in the last you know, 0:13:57.320 --> 0:14:01.520 already graduated, like you just have to struggle and make 0:14:01.559 --> 0:14:04.360 do with what you've got and try to do I mean, 0:14:04.960 --> 0:14:09.360 you know, consolidate refinance, try and enroll in federal income 0:14:09.440 --> 0:14:13.840 driven repayment plan programs. It just sucks because like, public 0:14:13.840 --> 0:14:15.800 service loan forgiveness for a lot of people was like 0:14:15.840 --> 0:14:19.440 this beacon of hope. Yeah, you know, if I just 0:14:19.520 --> 0:14:21.840 do well, if I work in a nonprofit or I 0:14:21.880 --> 0:14:24.000 work for the government, I make my one hundred and 0:14:24.080 --> 0:14:26.800 twenty on time payments, I'll be taken care of. But 0:14:27.360 --> 0:14:29.880 there was what's happening with these people who applied and 0:14:29.880 --> 0:14:32.480 thought they would get approval is they found out they 0:14:32.520 --> 0:14:35.080 didn't have the right kind of federal student loan. They 0:14:35.160 --> 0:14:37.600 found out that they didn't fill out the right form 0:14:37.720 --> 0:14:42.480 to make sure that their on time payments were being accounted, 0:14:42.560 --> 0:14:46.000 or that their employer truly did qualify as a nonprofit 0:14:46.120 --> 0:14:51.280 or you know, government a public employer. So if you're 0:14:51.320 --> 0:14:54.760 one of those people who's thinking about applying for public 0:14:54.800 --> 0:14:57.360 service loan forgiveness, like call your loan service or now 0:14:58.600 --> 0:15:00.560 and see what you've got to do. To get on 0:15:00.600 --> 0:15:02.440 the right track to get approved. 0:15:03.720 --> 0:15:06.120 Yeah, it's just yeah, it's just like I said, I've 0:15:06.120 --> 0:15:08.480 been thinking about it a lot lately. Like, I know, 0:15:08.560 --> 0:15:11.000 I've created a space for myself and my family to 0:15:11.040 --> 0:15:15.080 be okay financially, but I don't know that could have 0:15:15.120 --> 0:15:19.040 done this without starting the budgetista And how realistic is that? 0:15:19.360 --> 0:15:22.160 You know, as I teach the Dreamcatchers, it doesn't make 0:15:22.160 --> 0:15:25.000 sense to say, well, then then you start a successful business, 0:15:25.080 --> 0:15:27.960 right you know, like you know you should be able to, 0:15:28.160 --> 0:15:31.360 like as a teacher, be okay. And I'm struggling with 0:15:31.600 --> 0:15:34.520 like before I could, you know, I had the advice 0:15:34.560 --> 0:15:36.240 where I'm like, Okay, you do this, you do this, 0:15:36.280 --> 0:15:38.680 you do this, and it can work. And now I'm like, 0:15:38.840 --> 0:15:41.720 I don't know. I don't know that it's gonna work. 0:15:41.840 --> 0:15:44.440 You might have to figure out how do you start 0:15:44.480 --> 0:15:48.320 something small if you're in a position where like it's different, 0:15:48.320 --> 0:15:51.360 like so for what you do, you know, your income 0:15:52.240 --> 0:15:54.320 is not the same as somebody who's like I'm a teacher, 0:15:54.360 --> 0:15:58.640 a preschool teacher in Newark, or I'm a i don't know, 0:15:58.840 --> 0:16:03.160 like a maintenance man in in in Irvington. What do 0:16:03.240 --> 0:16:06.600 they do? You know? So yeah, and so that's what 0:16:06.640 --> 0:16:08.520 I've been kind of like kind of wrapped my head around, 0:16:08.600 --> 0:16:13.560 like what and trying to find figure out creating a 0:16:13.600 --> 0:16:16.840 plan for those who, you know, making a ton of 0:16:16.840 --> 0:16:19.320 income is likely not going to happen, but that doesn't 0:16:19.360 --> 0:16:21.760 mean you should be left out of the ability to 0:16:21.760 --> 0:16:26.600 take care of yourself. So now that we've been Debbie Downers, 0:16:29.840 --> 0:16:34.000 what do you have for the weekend? Oh? 0:16:34.160 --> 0:16:37.000 You know, I think we are we are we are 0:16:37.000 --> 0:16:40.040 in the final stages of the remodel, and we should 0:16:40.040 --> 0:16:43.800 be in the house in the next couple of weeks. Yeah, 0:16:43.880 --> 0:16:46.280 things are going what. Paint is going up, fixtures are 0:16:46.320 --> 0:16:50.360 going in. You know, it's like it's almost more nerve 0:16:50.360 --> 0:16:52.520 wracking now because I'm just I'm trying not to get 0:16:52.560 --> 0:16:55.840 too excited because anything could still happen. At the same time, 0:16:55.880 --> 0:16:57.760 I'm just like it's like counting down to Christmas. For me, 0:16:57.800 --> 0:16:59.480 I'm just like, what can I move in? 0:16:59.680 --> 0:16:59.760 What? 0:17:01.040 --> 0:17:03.640 But don't worry. I went to Home Goods, which was 0:17:03.680 --> 0:17:06.640 probably a mistake. Went to Home Goods with a with 0:17:06.680 --> 0:17:10.159 a with a girlfriend and oh shit, like filled my 0:17:10.359 --> 0:17:12.480 shopping cart to the brim. I was like, I'm gonna 0:17:12.480 --> 0:17:14.359 need now that I have a house, I'm gonna need 0:17:14.359 --> 0:17:17.280 a cake stand and ant chink lid, and I'm gonna 0:17:17.280 --> 0:17:19.840 need these cupcake tins. And I'm gonna need these labels 0:17:19.840 --> 0:17:21.440 for the gifts that I'm gonna wrap put under the tree. 0:17:21.480 --> 0:17:22.879 It's going to go in the house that I'm building 0:17:22.960 --> 0:17:26.400 right now. Yep, definitely gonna need all these accessories. Gonna 0:17:26.400 --> 0:17:28.800 need this apron, Gonna need this, oh, these set of 0:17:28.840 --> 0:17:31.080 this set of tongs, gotta have that I'm like turning 0:17:31.119 --> 0:17:34.879 in to my mother. I literally walked out with so 0:17:34.960 --> 0:17:36.600 much stuff, like so much stuff that when I was 0:17:36.640 --> 0:17:39.119 at the checkout, this poor girl checking me out, I 0:17:39.160 --> 0:17:41.840 had all these different colors of sprinkles because they have 0:17:41.920 --> 0:17:44.479 teal sprinkles, and you gotta have teal sprinkles for your 0:17:44.520 --> 0:17:47.600 cool cupcakes that you're and your cool you know, Cristmas cookies, 0:17:47.600 --> 0:17:49.040 and I'm gonna make in my house in my brain 0:17:49.080 --> 0:17:49.520 new kitchen. 0:17:49.600 --> 0:17:49.719 Right. 0:17:50.440 --> 0:17:52.399 So, I was at the checkout and my giant I 0:17:52.400 --> 0:17:54.720 had these giant rolls of WELP, these giant rolls of 0:17:54.760 --> 0:17:56.359 wrapping paper, because you got to have that for the 0:17:56.400 --> 0:17:58.080 closet where you're gonna put the wrap and paper for 0:17:58.119 --> 0:17:59.239 the gifts. You're gonna put it in of the tree 0:17:59.240 --> 0:18:02.360 at your new house, right, okay, And that's the register 0:18:02.560 --> 0:18:05.879 And like I'm like trying to finangle these like huge 0:18:06.280 --> 0:18:09.280 rock and paper like tubes into my cart and I'm 0:18:09.320 --> 0:18:12.159 knocking sprinkles and like sprinkles go crashing on the floor 0:18:12.240 --> 0:18:15.159 and the jar breaks and there's just sprinkles everywhere, but 0:18:15.200 --> 0:18:18.600 I'm keeping my cool. It's fine. Took me probably like 0:18:18.640 --> 0:18:19.720 twenty minutes to check out. 0:18:19.760 --> 0:18:23.320 It was crazy. So it's from someone who was like, oh, 0:18:23.359 --> 0:18:25.040 I guess if we have to get a house now, 0:18:25.040 --> 0:18:26.480 look at you all into it. 0:18:26.800 --> 0:18:30.240 You don't realize the latent suburban mom inside of you 0:18:30.560 --> 0:18:32.680 until you get a house and go to home goods 0:18:32.680 --> 0:18:35.200 and then you're like, I gotta have these things. It's bad, 0:18:35.320 --> 0:18:37.639 it's bad, but hey, things are affordable there. So if 0:18:37.640 --> 0:18:39.959 you're gonna buy a ridiculous cake stand, you might as 0:18:39.960 --> 0:18:41.080 well get it for nine and a nine. 0:18:41.520 --> 0:18:43.959 Yeah, So I don't know, like, have you seen Sandy. 0:18:44.280 --> 0:18:46.920 You know, our friend, so, our financial friend Sandy, well 0:18:46.960 --> 0:18:49.680 just even just a real friend, but her brand is 0:18:49.720 --> 0:18:52.120 called Yes, I am cheap. You know Sandy. First of all, 0:18:52.160 --> 0:18:55.199 she is a g she's been doing her own Have 0:18:55.240 --> 0:18:56.960 you seen her? She's been doing like she and her 0:18:57.040 --> 0:18:59.719 husband have physically been doing like a lot of their 0:18:59.760 --> 0:19:03.080 own renovations. Like Sandy has a drill. Yes, and I 0:19:03.119 --> 0:19:05.959 love her, Like if you follow her, she she yes, 0:19:06.040 --> 0:19:08.119 I am cheap on Instagram. I've been following her stories. 0:19:08.119 --> 0:19:10.600 I can't remember her no, but I'll put a link 0:19:10.640 --> 0:19:10.760 to her. 0:19:10.840 --> 0:19:11.440 She's awesome. 0:19:11.840 --> 0:19:15.040 Yes, And so she said she's done. I was like, 0:19:15.080 --> 0:19:18.280 oh my gosh. So yeah, it's been amazing watching her 0:19:18.480 --> 0:19:22.159 like put up cabinetry herself. I'm like, Sandy, you are 0:19:22.160 --> 0:19:23.800 a boss, and she's like, you know, you just figure 0:19:23.840 --> 0:19:27.920 these things out. And so she because Sandy bought a 0:19:28.000 --> 0:19:30.280 home and she renovated her old home that she had 0:19:30.400 --> 0:19:32.000 because she was going to rent it out. So I 0:19:32.040 --> 0:19:34.639