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Speaker 1: Because the way you have Nanzela yee.

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Speaker 2: We are having a good time for Wealth Wednesday because

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Speaker 2: our friend is here.

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Speaker 3: Of course, my friend Stacy Tisdale's here too.

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Speaker 4: And we are here with the Budget Nista, and you

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Speaker 4: guys are hearing us start right now. But we've been

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Speaker 4: rolling yeah in here, and we're always so excited to

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Speaker 4: have Tiffany the Budget Nista, and we are celebrating a

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Speaker 4: milestone with her. Her Get Good with Money is now

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Speaker 4: out in paperback today, y'allah. We're celebrating it right here

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Speaker 4: in Wealth Wednesday.

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Speaker 2: I love this book. I love like your transparency, even

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Speaker 2: how you started off. It is a common thing for

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Speaker 2: us to feel like when we have some financial pitfalls,

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Speaker 2: we're the only one. We're irresponsible, we're bad human beings.

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Speaker 2: And you talk about the start to your journey in

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Speaker 2: this book that I've read before already, but now it's

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Speaker 2: available in paperback, losing your condo and you know, just

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Speaker 2: getting scammed.

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Speaker 4: Also, people don't think of that when they think of you,

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Speaker 4: that you you've been through it yourself all the I

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Speaker 4: was just thinking about a part of that callawa Tiffany's

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Speaker 4: Financial Fiasco, right, I was thinking.

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Speaker 1: About, like, yes, like I got scammed.

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Speaker 5: But also my homeboy. Let's say his name is Lannie,

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Speaker 5: so I remember when it rhymes with it he goes

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Speaker 5: so anyway, So I remember, I was like, oh my god,

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Speaker 5: I lost my job. You know, I had this thirty

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Speaker 5: five thousand dollars of credit card debt, and and I thought, okay,

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Speaker 5: I'm gonna move back home. And I remember saying I'll

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Speaker 5: rent out my condo so someone else could pay for

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Speaker 5: the mortgage.

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Speaker 1: So Lonnie was my homework for a while. And so

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Speaker 1: I said okay.

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Speaker 5: Lonnie was like, oh, you know, like I'll rent it

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Speaker 5: from you, like I'm moving out for my other place,

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Speaker 5: I'll rent it from you.

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Speaker 1: I said, oh bet, look at God. I got my

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Speaker 1: friend there. I know he's gonna take care of it.

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Speaker 5: So my mortgage was sixteen sixty. He was gonna pay

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Speaker 5: me fifteen hundred. I said, well, I can come with

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Speaker 5: one sixty a month.

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Speaker 1: M hmm. Child.

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Speaker 5: Day one he went to move in, I said, Lonnie,

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Speaker 5: where's your deposit? He said, oh, the place where I'm

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Speaker 5: moving from. Just taking a while to give me back

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Speaker 5: my deposit. As soon as they give it to me,

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Speaker 5: I'll give it to you. I mean, if you don't

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Speaker 5: if I don't have to move in today. But you know,

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Speaker 5: I was like, no, no problem, because that's my home.

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Speaker 1: You got it, Yeah, it's my friend. Let me look

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Speaker 1: at That.

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Speaker 5: Was the beginning of the end. He was late every

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Speaker 5: single month. I used to be on that man's doorstep

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Speaker 5: crying because I didn't have the money yet.

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Speaker 1: I got to pay my mortgage here and if I'm

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Speaker 1: gonna be late, I might as living here. I'm living

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Speaker 1: in my middle school bed. Right. He was late, sometimes

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Speaker 1: two or three months behind me.

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Speaker 5: One time Lannie paid me in quarters and then and

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Speaker 5: then try to proposition me and said like, I don't

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Speaker 5: got the money, but there's other ways I could pay you.

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Speaker 1: Yes, it was crazy that the publicist is crying over here.

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Speaker 1: She's like, what are you talking about?

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Speaker 5: Yes?

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Speaker 1: And then and I remember me and my best friend.

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Speaker 2: He should be paying you for that, right, everybody wants broke.

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Speaker 5: I remember, like me and my best friend Linda. We

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Speaker 5: were in Central Park And why did I see him

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Speaker 5: on a day on a horse drawn carriage with the

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Speaker 5: young wat the way I jumped up set head on

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Speaker 5: it and I was looking.

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Speaker 1: I was giving him the look like I should tell

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Speaker 1: your date you are broke ful? Wow, out here on

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Speaker 1: a date with my with my rent money in Central

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Speaker 1: Park in the care living his best life, and I

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Speaker 1: could he was sweating. I didn't say anything. I was

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Speaker 1: afraid he would pay me. I said, how are you?

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Speaker 1: And I could tell she was like, what's going on

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Speaker 1: because she could feel energy. Yeah. I said, okay, I'll

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Speaker 1: see you my day, right because Monday was the first.

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Speaker 2: He said, you know what, that's a difficult position too,

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Speaker 2: like you said, because you don't want to put him

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Speaker 2: on blaskets. But if now being petty, he doesn't want

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Speaker 2: to pay you, and then you don't want to evict

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Speaker 2: your friend. But he had no problem just making yeah,

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Speaker 2: just taking advantagement.

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Speaker 1: And it was so bad.

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Speaker 5: I remember finally the way I got him out because

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Speaker 5: God was like, let me take care of this fool.

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Speaker 5: So somebody who lived above me there they want a vacation,

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Speaker 5: and something flooded and flooded my my condo, but of

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Speaker 5: course I had insurance, so they had to move everything out.

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Speaker 1: That was that what when I tell you the why,

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Speaker 1: I changed those.

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Speaker 5: Like click click, and he was like, oh, you know,

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Speaker 5: I was gonna move out anyway, but can you give

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Speaker 5: me back my deposit. No, and I realized what happened

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Speaker 5: last time. I said, Lonnie, you're two months behind. Your

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Speaker 5: deposit is two months so net network even. He's like, nah,

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Speaker 5: that's not how it works. I said, how about this,

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Speaker 5: when you pay me back, get up?

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Speaker 1: That makes sense. He was so mad.

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Speaker 5: I ain't heard from him, said, I'm sure he's over

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Speaker 5: there like fooling of somebody. Because he was handsome, right,

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Speaker 5: you know, he was like he was a personal trainer.

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Speaker 5: I met him at the gym, so you know, he

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Speaker 5: had this rico soiree. But no, he was just really

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Speaker 5: my homeboy. But I couldn't believe it.

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Speaker 1: I'm like, quarters, yeah, that's insane. I mean it was.

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Speaker 3: And even how you got in debt, it was opening.

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Speaker 2: You took a course, you relied on somebody else that

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Speaker 2: you thought was gonna and you had the best intentions.

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Speaker 1: Yes, yeah, And honestly, I just finally that was like

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Speaker 1: the last draw for me.

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Speaker 5: I said, Tiffany, you have to get smart with your money, right,

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Speaker 5: because you can't keep getting tricked. So this is all

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Speaker 5: This all happened in my twenties, and I was like,

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Speaker 5: you can't keep getting tricked. So I really wanted I

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Speaker 5: started to buckle down and say like, okay, how did

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Speaker 5: I get here?

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Speaker 1: Where am I currently? Where do I want to be?

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Speaker 5: And I put one foot in front of the other

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Speaker 5: and the steps that I took is what I wrote

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Speaker 5: and get it with money, so I think about it,

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Speaker 5: which is so crazy.

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Speaker 1: At thirty I was at my brokers.

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Speaker 5: I was about three hundred thousand dollars in debt, so

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Speaker 5: that's two twenty of a mortgage, fifty thousand plus student

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Speaker 5: loane dead, and thirty five thousand credit card dead. And

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Speaker 5: by thirty seven I was a millionaire.

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Speaker 1: I know, that's right, that's amazing.

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Speaker 5: You know, seven is a number of completion. But see

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Speaker 5: how quickly things can go.

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Speaker 4: What happened? What's a shift that happened in you during

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Speaker 4: that time?

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Speaker 5: So well, one the first couple of years I was like,

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Speaker 5: oh it's me. Everybody's a scam er, blah blah blah.

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Speaker 5: And then the number one thing was I took responsibility

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Speaker 5: for what I was.

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Speaker 2: You don't want to be have a victim mentality where

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Speaker 2: everybody did this to me?

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Speaker 5: Yes, because it's like the problem is that light is you.

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Speaker 5: But the good news is also it's you. Because if

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Speaker 5: it's you, you're to fix it, And at first I

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Speaker 5: wasn't able to fix it because I was blaming everybody else,

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Speaker 5: so they should they have scammed me? No, But girl,

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Speaker 5: why you let him move in where you have a deposit?

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Speaker 5: That's the point of it.

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Speaker 2: Yeah, you know what I mean, decisions that we make

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Speaker 2: that lead to the situations that we find ourselves in.

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Speaker 2: And I think, in particular right now, what's so important

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Speaker 2: and timely about this is the economy that we're in

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Speaker 2: right now.

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Speaker 3: So many people are struggling.

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Speaker 2: I think they said fifty five percent of Americans are

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Speaker 2: using their credit card to pay for basic necessities, which

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Speaker 2: is a huge number of people that are like, got

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Speaker 2: to keep the lights on? Well, I don't have the money,

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Speaker 2: but use my credit card. And that's an indication that

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Speaker 2: there are some real there's a structure in your life

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Speaker 2: financially that is about to collapse.

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Speaker 5: Yeah, and also too, I mean it used to be

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Speaker 5: before when I started the budget Nista, that I would

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Speaker 5: look at someone's budget and be like, now you know,

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Speaker 5: you don't have to get your lashes and your nails

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Speaker 5: and and your hair every single week, right, And now

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Speaker 5: it's like we're choosing between bread and eggs. Yeah, it's

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Speaker 5: not you know, people are not frivolous. That's not the

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Speaker 5: result exactly. It's like that things have are just astronomically

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Speaker 5: higher the cost of things, and people are not making

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Speaker 5: astronomically more losing jobs.

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Speaker 4: Entrepreneurs are having a harder time. How do you Some

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Speaker 4: people are choosing between keeping on their heat or their electricity.

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Speaker 1: How do you pay their rent, their REGs? Some people

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Speaker 1: can't even pay their rent.

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Speaker 4: How do you help people make those choices?

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Speaker 5: And so sometimes you have to there are gonna there

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Speaker 5: are moments where I call it being broke broke. I

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Speaker 5: have been there where I had to say, everybody's not

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Speaker 5: going to get their money right now. And so if

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Speaker 5: that's the case, two things you're gonna have to do.

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Speaker 5: You're gonna have to let the people who are not

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Speaker 5: getting their money. No, Hey, cell phone company, here's where

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Speaker 5: I am. Hey, you know car note, here's where I am.

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Speaker 5: And because of the pandemic, there are more programs in

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Speaker 5: place for when you don't have than before. Sometimes they'll

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Speaker 5: freeze your payment, sometimes they can add it on to

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Speaker 5: the back end. Remember those programs. I'm during the pandemic.

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Speaker 5: But you don't want to not say anything.

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Speaker 1: Right, just ex and so you would have to make

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Speaker 1: a list of your.

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Speaker 5: One You have to cut all non necessities, you know, child,

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Speaker 5: I learned how to do my own locks during the pandemic.

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Speaker 5: Figure it out, you know, cut your nail short. So

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Speaker 5: really cut out all non necessities. If you're there already,

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Speaker 5: then asking yourself if I can't. I've been places when

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Speaker 5: I'm like, I can't afford everything here. So I work

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Speaker 5: out a plan for those people who are willing to

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Speaker 5: work out a plan with me, and then those people

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Speaker 5: who are like, I'm gonna harass you either way, Like

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Speaker 5: say I would start with like credit cards, you know,

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Speaker 5: then sometimes I'll harass you either way. They don't care,

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Speaker 5: and so go head down and get you and print

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Speaker 5: you out a cease and desist letter. So if you

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Speaker 5: go to get Good with Money dot Com, there's a

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Speaker 5: toolkit that comes along with the book.

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Speaker 1: It's free.

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Speaker 5: In the debt chapter, I have a cease and desist letter.

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Speaker 5: Because they were calling myself on NonStop.

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Speaker 4: Wow.

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Speaker 5: They were calling my sisters. They were calling because I

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Speaker 5: want to shame you. My dad was like, because my

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Speaker 5: dad's not you're an IP. So they're calling my phone. Wow,

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Speaker 5: they're calling my phone. I was like, and sometimes you

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Speaker 5: don't want people in your business. My dad has his

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Speaker 5: master's economics, bachelor's and finance. I don't like a fool,

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Speaker 5: and so I printed out a ceasing assist letter. I

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Speaker 5: went right down down to the stables. Some of y'all

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Speaker 5: don't know what fax machines are. Get familiar, because this

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Speaker 5: is what I love, because you can email it got lost,

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Speaker 5: you can call, you know, and and they can decide,

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Speaker 5: you know, not to listen. That still works like literally

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Speaker 5: seventy five cents because you get that return receeat and

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Speaker 5: they know you mean business.

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Speaker 1: Right, So I sent down there.

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Speaker 5: I sent the season desist letter fax it to the

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Speaker 5: three or four debt collectors that I had.

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Speaker 1: Instantly the call stop.

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Speaker 5: The key is you have to let them communicate with

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Speaker 5: you somehow. So you can say, hey, you can email me,

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Speaker 5: you can send me a letter, or you can call

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Speaker 5: me here, or you don't call. Yes, you can set

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Speaker 5: the terms and by law they have to oblige, and

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Speaker 5: so something in writing is always best. And instead of

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Speaker 5: waiting for a letter, I'm like, no, I just like

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Speaker 5: to this day, I would still facts. You certainly could email,

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Speaker 5: but I like that paper work behind it because they

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Speaker 5: know you can sue and say, you know, they're still

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Speaker 5: calling even though I have a written request asking them

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Speaker 5: not to.

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Speaker 1: Can you negotiate that debt too?

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Speaker 5: Absolutely, I've done that before, I remember. So I didn't

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Speaker 5: know that I was allergic as a black guy. So

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Speaker 5: people like you're supposed to get like, you know, test

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Speaker 5: like you yourself, and so I didn't know that. I

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Speaker 5: remember in my twenties I said, oh, you know, I'm

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Speaker 5: getting like a few grades.

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Speaker 1: I'm like, oh my gosh.

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Speaker 5: And so my friend used to I thought she was

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Speaker 5: dying my hair, but she was renting them Imber the

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Speaker 5: old school ran yeah, and so she was renting. And

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Speaker 5: so one day I was like, I could do this myself,

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Speaker 5: bought dot did it whole face blew up like that

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Speaker 5: like though oh like the movie Mask would.

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Speaker 1: Share and Eric start that his day, I mean, face

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Speaker 1: blew up.

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Speaker 5: I was like, but I didn't have any health assurance

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Speaker 5: because I lost my job.

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Speaker 1: And I said, well, we're just gonna have to be

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Speaker 1: blew up face stifety. I don't know money. My mother,

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Speaker 1: who's a nurse.

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Speaker 5: Was like, go to the hospital, you know, And so

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Speaker 5: the hospital was up the street from me, and I

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Speaker 5: remember it was crazy because that was the hospital I

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Speaker 5: was born in, Saint Michael's in Newark. So I was like,

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Speaker 5: I'm back, but this time would have blew up face

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Speaker 5: the facelift, I mean, I know. And so I remember

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Speaker 5: I was so mad because essentially they gave me, like

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Speaker 5: Benadery of Via ivy eight hundred dollars. Later, I said, dang,

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Speaker 5: eight hundred might as well have been eight hundred thousand,

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Speaker 5: because I didn't.

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Speaker 1: I didn't have any money.

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Speaker 5: And so I remember it was my sister was, you

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Speaker 5: can negotiate, and I did, so I negotiated them down

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Speaker 5: to four hundred. Okay, I shaidn't have that. At least

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Speaker 5: I could like work on paying that. But yes, you

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Speaker 5: can call and negotiate. You can, because ultimately that collectors

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Speaker 5: just want something because if they were to sell your debt,

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Speaker 5: let's just tall you owe them.

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Speaker 1: They get pennies pennies, So if you're like I could

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Speaker 1: do two hundred.

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Speaker 4: They'll take it.

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Speaker 5: Not always, but they're willing to take that more than

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Speaker 5: just getting pennies from someplace else. Certainly it's a write

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Speaker 5: off for them if you don't pay. But still ideally

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Speaker 5: they rather get something for you, So you want to

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Speaker 5: be clear, but what you could actually give them, especially

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Speaker 5: if it could be a lump sum.

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Speaker 1: So let's just say you, oh, one thousand dollars.

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Speaker 5: You know they're likely not going to take a hundred,

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Speaker 5: but maybe they'll take five hundred.

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Speaker 1: Have that in a ump. It doesn't hurt to ask.

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Speaker 5: It does not hurt to ask. You know, people just

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Speaker 5: want their money or want something.

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Speaker 4: Talk to the person who's listening right now, who's in

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Speaker 4: this situation. They're unsure about their job, how they're gonna

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Speaker 4: pay all their bills, but their head is under the covers.

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Speaker 4: They don't even know where to get started.

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Speaker 5: Honestly, it's really important that you don't navigate this thing

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Speaker 5: by yourself. You know, you have to get a community

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Speaker 5: with other people, your family, your friends, your work friends,

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Speaker 5: and so, because I want you to look at where

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Speaker 5: you are currently, So what is your current budget, and

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Speaker 5: if you were to lose your job today, like I

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Speaker 5: call it your noodle budget, if you could drop down

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Speaker 5: and get your noodle on right, like like rama noodles,

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Speaker 5: like when we were in college. So let's just say

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Speaker 5: your regular budget cost you five thousand dollars a month.

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Speaker 5: This is your rent, cardinal car, insurance, all the things

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Speaker 5: that you paid for. You know, what is your noodle budget?

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Speaker 1: Is it three thousand?

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Speaker 5: I'm not saying drop down to it, but you should

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Speaker 5: know what it is because too many people lose their

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Speaker 5: house and a cable still on.

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Speaker 1: Yeah, why you aren't got that off? Yeah, that should

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Speaker 1: have been one of the first things.

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Speaker 5: Yeah, so you want to you already want to know

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Speaker 5: if it's almost like your emergency plan. You already want

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Speaker 5: to know if an emergency comes up within a day,

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Speaker 5: I can cancel these things to bring me from five

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Speaker 5: thousand to three thousand dollars. So starting their first and

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Speaker 5: foremost and right now, I would be aggressively building my

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Speaker 5: retirement account, not time my emergency fund at minimum three months,

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Speaker 5: ideally six months. And if you're an entrepreneur, one year, right,

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Speaker 5: you know.

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Speaker 4: You're working towards that because that number sounds so overwhelming, the.

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Speaker 5: Sad, Yeah, but slowly. But remember it's not it's not

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Speaker 5: like you make one hundred thousand dollars a year. You

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Speaker 5: try to save one hundred What is your noodle budget?

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Speaker 5: So instead of five thousand times six months, it will

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Speaker 5: be three thousand times six months because you'd be living

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Speaker 5: at that lower, lower level.

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Speaker 2: You have the whole chain of need is greater than love,

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Speaker 2: which is greater than life, which is greater than once you.

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Speaker 1: Didn't love it like it wanted.

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Speaker 5: So the bracelets that I wear, that's what they say,

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Speaker 5: like I don't have them on today, but the green

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Speaker 5: bracelets on my book get go with money, That's what

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Speaker 5: they're reminder. So your needs come first, food, shelter, clothing,

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Speaker 5: water like that is your essentially your noodle budget, Like

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Speaker 5: what do I have to have to be healthy and safe?

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Speaker 5: Then your loves come second. These are things actually move

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Speaker 5: the needle for joy. So I want you to ask yourself,

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Speaker 5: a year from now, will this thing bring me joy?

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Speaker 1: Still?

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Speaker 5: Then that's likely a love and many of us skip

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Speaker 5: over that. So if you're a foody, a year from

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Speaker 5: that might remember that restaurant, but you don't really care

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Speaker 5: about traveling, right, If you're someone who travels, then clothes

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Speaker 5: might not be a big Everything can be your love YEA.

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Speaker 5: Literally for me, I know it's travel. No, I'm still like,

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Speaker 5: oh my god, that's time I went to Egypt and

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Speaker 5: India and Panama and you know South America and you

355
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Speaker 5: know so, but like food, I'm like, eh, you know,

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Speaker 5: like I like to eat, but not so much that

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Speaker 5: it moves me. Then your likes are things that give

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Speaker 5: you joy for about six months, and wants are just

359
00:14:28,040 --> 00:14:31,720
Speaker 5: instant gratification. So we're not here to say no to ourselves.

360
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Speaker 5: But you want to save for the big yes, for

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Speaker 5: the needs and those things that a year from now

362
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Speaker 5: will bring you joy. If you focus most of your

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Speaker 5: money there, you'll be in good chap.

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Speaker 2: Yeah, because over sacrifice and you say, is not something

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Speaker 2: that we have to do, because a lot of times

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Speaker 2: people think, oh I can't have any fun, I can't

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Speaker 2: do this, I can't go. You can do things and

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Speaker 2: you don't have to over sacrifice. It's just the planning.

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Speaker 5: And also too, like it's not just about budget budget.

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Speaker 5: I mean, I'm a bunch of nissa, but dag make

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Speaker 5: some money. Yeah, you know a friend of mine we're

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Speaker 5: sharing how like she made sick one thousand dollars last month.

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Speaker 5: She's an HR but she dressed real cute and when

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Speaker 5: she dressed her like gets dressed up.

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Speaker 1: She posts links to like cause you know the girls

376
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Speaker 1: are like where do you get? That's what? Where do

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00:15:09,000 --> 00:15:09,320
Speaker 1: you get this.

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Speaker 5: A friend of mine, Cabral, so his family owns elegantized

379
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Speaker 5: and I'm NewYork, New Jersey. This black owned optical center.

380
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Speaker 5: But Cabral travels a lot. I remember there's this athlete

381
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Speaker 5: I don't think it's around anymore called Digit back in

382
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Speaker 5: the day. And what I liked about Digit is that

383
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Speaker 5: it would look at your checking account and say, Stacey Angela,

384
00:15:28,880 --> 00:15:32,640
Speaker 5: you typically say, keep around ten dollars left over in

385
00:15:32,640 --> 00:15:35,000
Speaker 5: your checking account. We're going to transfer three of that

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00:15:35,040 --> 00:15:36,840
Speaker 5: to your savings automatically every month.

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Speaker 1: So it would like.

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00:15:37,800 --> 00:15:41,440
Speaker 5: Analyze your spending transfer about twenty four say yes. So

389
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Speaker 5: Digit was paying I don't know, like ten to fifteen

390
00:15:43,360 --> 00:15:46,160
Speaker 5: bucks per person that signed up. He posted something that

391
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Speaker 5: said to the effect of, like, y'all always ask me

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Speaker 5: how I'm traveling.

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Speaker 1: I use Digit to help me save and he made

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Speaker 1: fifteen hundred dollars.

395
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Speaker 5: Wow.

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Speaker 1: Like so he's not like an influencer. He is not.

397
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Speaker 5: But if you're using a thing, social media is such

398
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Speaker 5: a great way where if the girls are asking you, like.

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Speaker 1: Where'd you get this? How do you do that? You know,

400
00:16:03,600 --> 00:16:04,440
Speaker 1: make your money?

401
00:16:04,640 --> 00:16:07,040
Speaker 5: You know, like or one of the best places to

402
00:16:07,080 --> 00:16:08,840
Speaker 5: make more money is at your current job. I know

403
00:16:08,880 --> 00:16:11,080
Speaker 5: everyone's not getting a raise, but if you bring so

404
00:16:11,200 --> 00:16:13,920
Speaker 5: much value, people will find the money. My team is

405
00:16:13,960 --> 00:16:16,120
Speaker 5: so excellent that I have found the money to figure

406
00:16:16,160 --> 00:16:18,280
Speaker 5: out how to give them bonuses and commission because I

407
00:16:18,320 --> 00:16:20,400
Speaker 5: don't want them to leave, right, Yeah, So bring that

408
00:16:20,440 --> 00:16:23,920
Speaker 5: extra value. Don't be afraid to ask for what you want.

409
00:16:23,920 --> 00:16:25,240
Speaker 5: But you have to learn to make more.

410
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Speaker 4: You talk about that a lot, and I know that's

411
00:16:27,040 --> 00:16:29,640
Speaker 4: in the book about getting those other streams of income.

412
00:16:29,920 --> 00:16:33,160
Speaker 4: Talk more about specific ideas and specific things people can.

413
00:16:33,120 --> 00:16:34,120
Speaker 1: So you can get really clever.

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Speaker 5: So one, you know, I mean, I know people don't

415
00:16:36,320 --> 00:16:38,640
Speaker 5: like roommates, you know, but you think I won't be

416
00:16:38,640 --> 00:16:40,920
Speaker 5: on my Golden Girls if I don't need I will

417
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Speaker 5: be blanched this mile.

418
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Speaker 1: But you can live your Dorothy, you know what I mean.

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Speaker 2: Listen, that's one thing for me even and I know

420
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Speaker 2: like a lot of us have this mindset, and I

421
00:16:49,560 --> 00:16:51,520
Speaker 2: know you do too. When we think about like the

422
00:16:51,600 --> 00:16:56,080
Speaker 2: trauma we've had from losing and losing money and just

423
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Speaker 2: all of that, and how we're like, I don't know

424
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Speaker 2: if I could lose it all one day. I feel

425
00:17:00,680 --> 00:17:03,080
Speaker 2: like I'm always trying to prepare myself for that. I

426
00:17:03,080 --> 00:17:04,760
Speaker 2: don't know if that's a good thing or not, but

427
00:17:04,800 --> 00:17:06,520
Speaker 2: I'm always like, Okay, if worse comes to where is

428
00:17:06,560 --> 00:17:07,760
Speaker 2: I have this that I come n that I have

429
00:17:07,840 --> 00:17:09,400
Speaker 2: this extra room I could do.

430
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Speaker 1: X, Y and Z and make this.

431
00:17:10,400 --> 00:17:12,840
Speaker 2: I'm always in my head planning how I can make

432
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Speaker 2: sure just in case the worst thing in the world

433
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Speaker 2: happens to me and I lose everything, how can I

434
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Speaker 2: still be able to sustain myself.

435
00:17:19,880 --> 00:17:22,040
Speaker 1: I call it it's like the bank of you. Right.

436
00:17:22,119 --> 00:17:25,280
Speaker 5: So, when I was a preschool teacher, I tutored and

437
00:17:25,320 --> 00:17:27,800
Speaker 5: I babysat a lot to make extra money. So I

438
00:17:27,880 --> 00:17:30,000
Speaker 5: like to think to myself, Okay, is there something I

439
00:17:30,000 --> 00:17:31,760
Speaker 5: have a certificate and a degree or a degree in

440
00:17:31,880 --> 00:17:33,880
Speaker 5: because you can make more money from that thing because

441
00:17:33,880 --> 00:17:36,320
Speaker 5: people will pay me more money for your expertise. So

442
00:17:36,359 --> 00:17:38,680
Speaker 5: when I tutored a babyset, I made more money because

443
00:17:38,720 --> 00:17:41,720
Speaker 5: I was a teacher that I was a certified teacher.

444
00:17:41,800 --> 00:17:41,960
Speaker 1: Right.

445
00:17:42,600 --> 00:17:44,919
Speaker 5: Also too, I like to ask myself, is this something

446
00:17:44,960 --> 00:17:47,159
Speaker 5: that I've done prior so that way I don't have

447
00:17:47,200 --> 00:17:49,399
Speaker 5: to learn a new skill set, you know what I mean? Like,

448
00:17:49,440 --> 00:17:51,360
Speaker 5: I'm not trying to learn how to do carpentry work,

449
00:17:51,760 --> 00:17:54,760
Speaker 5: you know, so tutoring and babysitting when I was already teaching,

450
00:17:54,960 --> 00:17:56,040
Speaker 5: I didn't have to learn anything.

451
00:17:56,200 --> 00:17:58,560
Speaker 1: D it made it easier. So if you're a really good.

452
00:17:58,400 --> 00:18:01,120
Speaker 5: Cook, can you make dinners? I'm is a woman who

453
00:18:01,160 --> 00:18:03,840
Speaker 5: cooks for like me and when I have partiesan things.

454
00:18:03,840 --> 00:18:07,200
Speaker 5: Her name is Nisa, She's Guyanese, her trinidaddy. I think

455
00:18:07,480 --> 00:18:10,680
Speaker 5: her food is tremendous. She used to work in corporate

456
00:18:10,760 --> 00:18:13,560
Speaker 5: hated it. But what happened was that Nisia would cook

457
00:18:13,560 --> 00:18:15,879
Speaker 5: for her friend's birthdays. You would eat and I'm like,

458
00:18:16,080 --> 00:18:17,800
Speaker 5: who made this turkey chop?

459
00:18:17,880 --> 00:18:18,639
Speaker 1: Come to the front.

460
00:18:18,920 --> 00:18:25,480
Speaker 5: I don't even I'm a pasketarian except for what Nissa made.

461
00:18:25,520 --> 00:18:28,479
Speaker 1: Some run me something.

462
00:18:29,240 --> 00:18:31,560
Speaker 5: And so the first time I had her at a

463
00:18:31,560 --> 00:18:33,480
Speaker 5: birthday party, I was like, you have a card or whatever?

464
00:18:33,520 --> 00:18:35,480
Speaker 1: She's like no, and I was like, give me a number.

465
00:18:35,760 --> 00:18:36,720
Speaker 1: She cooked for me for.

466
00:18:36,760 --> 00:18:39,480
Speaker 5: Like I had a party, and same thing happened. Someone

467
00:18:39,600 --> 00:18:41,480
Speaker 5: ate said who made this? Next time I went to

468
00:18:41,520 --> 00:18:43,440
Speaker 5: their house, I'm like, Nisia made this? I know, I know,

469
00:18:44,359 --> 00:18:47,080
Speaker 5: I said, you didn't steal my God, But what I

470
00:18:47,080 --> 00:18:49,760
Speaker 5: love is that like but that's what I mean, amazing.

471
00:18:50,119 --> 00:18:52,840
Speaker 1: Yes, and so she her food is so good. It's

472
00:18:52,840 --> 00:18:54,040
Speaker 1: a skill set she already had.

473
00:18:54,200 --> 00:18:56,359
Speaker 5: She's putting it to work and she's working the friend

474
00:18:56,400 --> 00:18:58,960
Speaker 5: group as a result, and we're happily like yeah, because

475
00:18:59,000 --> 00:18:59,960
Speaker 5: I want to you good and I.

476
00:19:00,119 --> 00:19:01,960
Speaker 2: Want to ask you this. This has been a conversation

477
00:19:01,960 --> 00:19:05,600
Speaker 2: I've been seeing on social media. So the conversation is

478
00:19:05,600 --> 00:19:10,080
Speaker 2: about where, like, say, you've started saving and investing at

479
00:19:10,119 --> 00:19:12,680
Speaker 2: an early age, and you're letting that money grow. We're

480
00:19:12,680 --> 00:19:15,200
Speaker 2: all thinking about retirement, but at what point do you

481
00:19:15,520 --> 00:19:18,040
Speaker 2: actually like enjoy that money.

482
00:19:18,040 --> 00:19:20,320
Speaker 3: When are you like, I've invested.

483
00:19:19,840 --> 00:19:22,920
Speaker 2: My money and my mutual funds, or I've invested in

484
00:19:22,960 --> 00:19:25,480
Speaker 2: the stocks, and I have this eight corns account, I

485
00:19:25,520 --> 00:19:27,360
Speaker 2: have this Robinhood account whatever it is.

486
00:19:27,720 --> 00:19:30,080
Speaker 3: When do you say, okay, let's use some of this.

487
00:19:30,440 --> 00:19:33,880
Speaker 5: Well, you know, angel I struggle with this too because

488
00:19:34,000 --> 00:19:37,280
Speaker 5: I have built up enough wealth for myself were technically

489
00:19:37,320 --> 00:19:38,840
Speaker 5: I don't have to work anymore.

490
00:19:38,840 --> 00:19:39,439
Speaker 1: And I call it.

491
00:19:39,480 --> 00:19:41,280
Speaker 5: So we have a mutual friend who has all this

492
00:19:41,320 --> 00:19:43,639
Speaker 5: real estate, who I'm like, so when you're going to

493
00:19:43,760 --> 00:19:46,200
Speaker 5: enjoy this? Because I went to my turn you stressed

494
00:19:46,200 --> 00:19:49,360
Speaker 5: online the real estate, the real estate people are stressed.

495
00:19:49,400 --> 00:19:50,080
Speaker 1: Tell me about it.

496
00:19:52,640 --> 00:19:56,200
Speaker 5: To me, of all my friends who grown wealth for themselves,

497
00:19:56,359 --> 00:20:00,680
Speaker 5: and the real estate is wor it's like real estate

498
00:20:00,720 --> 00:20:04,040
Speaker 5: is the most stressed. Then like traditional business owners like myself. Second,

499
00:20:04,240 --> 00:20:06,560
Speaker 5: and then my friends who are like just strictly like investing,

500
00:20:07,000 --> 00:20:08,400
Speaker 5: like they're like they're stressed.

501
00:20:08,040 --> 00:20:09,960
Speaker 1: But not like yeah, but not like it it's down

502
00:20:10,040 --> 00:20:10,240
Speaker 1: right now.

503
00:20:10,320 --> 00:20:12,840
Speaker 2: But they're like, that's right the way I make money

504
00:20:12,880 --> 00:20:13,360
Speaker 2: on the way down.

505
00:20:16,640 --> 00:20:19,480
Speaker 1: But the real estate people, and so I'm like, sir,

506
00:20:19,600 --> 00:20:21,600
Speaker 1: you have all this real estate, what are you gonna

507
00:20:21,600 --> 00:20:23,520
Speaker 1: take the chips off the table? One more year? One

508
00:20:23,560 --> 00:20:23,800
Speaker 1: more year.

509
00:20:24,160 --> 00:20:25,840
Speaker 5: Every time he's like, this is the year you buy

510
00:20:25,840 --> 00:20:28,760
Speaker 5: another property. That's gonna be a two year runner. And

511
00:20:28,840 --> 00:20:31,720
Speaker 5: so I say, like, you have to figure out it's

512
00:20:31,760 --> 00:20:33,480
Speaker 5: not a number that's the problem.

513
00:20:33,640 --> 00:20:35,960
Speaker 1: It's not a number. It's going to be you have.

514
00:20:35,920 --> 00:20:37,280
Speaker 5: To get really clear of what you want your life

515
00:20:37,359 --> 00:20:40,679
Speaker 5: to actually look like, you know what I mean, Like, because.

516
00:20:40,400 --> 00:20:41,520
Speaker 4: That's a never ending trend.

517
00:20:41,720 --> 00:20:43,760
Speaker 5: Yes, you know one day it's going to do yeah,

518
00:20:43,760 --> 00:20:45,080
Speaker 5: Because before it was like, oh, if I have this

519
00:20:45,160 --> 00:20:46,760
Speaker 5: much and then I have five minute, and then I

520
00:20:46,760 --> 00:20:48,560
Speaker 5: have ten and then I have to it's never gonna

521
00:20:48,560 --> 00:20:51,720
Speaker 5: be enough. Instead, it's like, okay, I want my life

522
00:20:51,720 --> 00:20:52,840
Speaker 5: to look like I don't wake.

523
00:20:52,760 --> 00:20:54,920
Speaker 1: Up before I don't start working or whatever.

524
00:20:54,920 --> 00:20:56,960
Speaker 5: If I work at all before ten am, I take

525
00:20:57,000 --> 00:21:01,160
Speaker 5: a walk every morning, I I get to I look

526
00:21:01,200 --> 00:21:03,720
Speaker 5: after my my, my parents, you know, like I pay

527
00:21:03,720 --> 00:21:06,280
Speaker 5: their bills. They don't have to worry about it. I

528
00:21:06,920 --> 00:21:08,199
Speaker 5: have a house for me. I want a house at

529
00:21:08,240 --> 00:21:11,440
Speaker 5: Upstate New York. You know, I have a beautiful home now,

530
00:21:11,480 --> 00:21:13,720
Speaker 5: which I do so like as I was looking like

531
00:21:13,760 --> 00:21:16,080
Speaker 5: even for myself, I've been asking myself, Tiffany, when you

532
00:21:16,160 --> 00:21:18,320
Speaker 5: got to take the chips off the table. So I

533
00:21:18,480 --> 00:21:20,440
Speaker 5: made a list of like my therapist calls it, like,

534
00:21:20,520 --> 00:21:22,000
Speaker 5: let's talk, let's do your perfect day.

535
00:21:22,520 --> 00:21:24,720
Speaker 1: I'm almost here. So that's when I'm like, well then

536
00:21:24,720 --> 00:21:26,560
Speaker 1: what are we doing? Right? So what you know?

537
00:21:26,640 --> 00:21:28,600
Speaker 5: So it's I'm not gonna pretend like it's not hard

538
00:21:28,640 --> 00:21:30,399
Speaker 5: because I'm like, well, a little bit more made me

539
00:21:30,400 --> 00:21:31,560
Speaker 5: feel a little bit safer.

540
00:21:32,119 --> 00:21:32,840
Speaker 1: And I'm like to what.

541
00:21:32,920 --> 00:21:34,919
Speaker 5: And I have a friend who's net worth is I'm

542
00:21:34,920 --> 00:21:39,560
Speaker 5: talking about Liquid Network sixty million dollars and she's like

543
00:21:40,800 --> 00:21:45,840
Speaker 5: I'm scared. I'm like what, because that's for you to

544
00:21:45,880 --> 00:21:48,399
Speaker 5: be broke, you know what I mean, And you're not

545
00:21:48,440 --> 00:21:49,800
Speaker 5: even gonna be bad at you. I mean.

546
00:21:49,800 --> 00:21:52,359
Speaker 1: And at the point, if sixty million dollars can't fix it,

547
00:21:52,359 --> 00:21:53,480
Speaker 1: it's broken for everybody.

548
00:21:53,560 --> 00:21:53,840
Speaker 3: Right.

549
00:21:54,040 --> 00:21:57,480
Speaker 2: That's what I'm curious about because that conversation of we're

550
00:21:57,480 --> 00:22:00,120
Speaker 2: doing all this saving, saving, saving, when are we like, let's.

551
00:22:00,119 --> 00:22:04,399
Speaker 4: Enjoy touching on assets being liquid versus having assets and

552
00:22:04,440 --> 00:22:05,720
Speaker 4: people getting stuck in that track?

553
00:22:05,800 --> 00:22:05,960
Speaker 1: Yeah.

554
00:22:06,080 --> 00:22:08,400
Speaker 5: No, but because people, it's the people who are struggling

555
00:22:08,440 --> 00:22:10,159
Speaker 5: with this. Oftentimes they have the liquid asset. I have

556
00:22:10,200 --> 00:22:12,639
Speaker 5: liquid ASPM, Like, the varority of my of my wealth

557
00:22:12,680 --> 00:22:15,040
Speaker 5: is in liquid. So I do have like four properties,

558
00:22:15,280 --> 00:22:18,120
Speaker 5: but that's like, you know, less than twenty percent of

559
00:22:18,200 --> 00:22:19,959
Speaker 5: like my money. And I might do accounting my business

560
00:22:19,960 --> 00:22:21,520
Speaker 5: as like, oh this is what adds to my No, No,

561
00:22:21,760 --> 00:22:23,200
Speaker 5: I'm talking about like I could see the money, and

562
00:22:23,240 --> 00:22:25,280
Speaker 5: I'm like, if the money see me, you know.

563
00:22:25,520 --> 00:22:28,320
Speaker 2: And I do want to say congratulations on your beautiful home.

564
00:22:29,840 --> 00:22:31,920
Speaker 2: Jer No, not my claricyk oh Newark.

565
00:22:32,040 --> 00:22:34,359
Speaker 5: Yes, I was like, and don't play Newark because the

566
00:22:34,440 --> 00:22:37,680
Speaker 5: cherry bloxing type offically popped And y'all stay in Bransford

567
00:22:37,760 --> 00:22:39,840
Speaker 5: Park and came to my drive through. Everybody has someone

568
00:22:39,880 --> 00:22:41,760
Speaker 5: to say about Newark, and then they come to my

569
00:22:41,800 --> 00:22:43,840
Speaker 5: place and they're like, wait a minute.

570
00:22:43,560 --> 00:22:45,600
Speaker 2: Hey, Newark is my parents live in South Irons. You know,

571
00:22:45,640 --> 00:22:49,040
Speaker 2: it's right down to Newark. But congratulate that house looks

572
00:22:49,160 --> 00:22:51,200
Speaker 2: I know, isn't it absolutely amazing.

573
00:22:51,320 --> 00:22:53,159
Speaker 5: It's a historic building. It's one hundred years old. It

574
00:22:53,160 --> 00:22:55,000
Speaker 5: was supposed to be the rich and fabulous one hundred

575
00:22:55,080 --> 00:22:57,880
Speaker 5: years ago. So the ceiling heights like nine ten days,

576
00:22:58,200 --> 00:23:02,080
Speaker 5: you know, if not higher. And also to working fireplace,

577
00:23:02,480 --> 00:23:05,439
Speaker 5: five bedroom, three and a half, twenty eight hundred square foot.

578
00:23:05,960 --> 00:23:07,600
Speaker 5: If I tell you what I paid for it, Angela,

579
00:23:07,640 --> 00:23:08,600
Speaker 5: guess how much I paid for it?

580
00:23:08,640 --> 00:23:09,080
Speaker 1: Not much?

581
00:23:09,240 --> 00:23:11,679
Speaker 5: No, guess for that big. My friends came over. They

582
00:23:11,680 --> 00:23:14,600
Speaker 5: were like, girl, much money you got, guts? Let me

583
00:23:14,640 --> 00:23:18,960
Speaker 5: see that for twenty eight hundred square foot, five bedrooms, three.

584
00:23:18,760 --> 00:23:21,879
Speaker 2: And a half bath, All right, So you're bragging about it.

585
00:23:21,920 --> 00:23:24,360
Speaker 2: So I'm a guess it's lower than I would think. Right,

586
00:23:25,000 --> 00:23:26,920
Speaker 2: All right, I'm gonna say one point.

587
00:23:26,800 --> 00:23:30,840
Speaker 1: Six five hundred, twenty thousand dollars. What okay, we're.

588
00:23:30,720 --> 00:23:32,800
Speaker 4: Moving a new totally underestimating.

589
00:23:33,040 --> 00:23:35,080
Speaker 5: Yes, And so I bought it for five to twenty.

590
00:23:35,119 --> 00:23:37,480
Speaker 5: I put maybe like one one twenty into it. It's

591
00:23:37,520 --> 00:23:39,359
Speaker 5: now worth eight twenty because they came to assess because

592
00:23:39,359 --> 00:23:42,920
Speaker 5: I had to get new home homeowners insurance and they

593
00:23:42,920 --> 00:23:45,440
Speaker 5: were like, girl, you tried it. The price yesterday's price

594
00:23:45,440 --> 00:23:47,359
Speaker 5: tout today's price. That's in two years, it went up

595
00:23:47,359 --> 00:23:48,439
Speaker 5: three hundred thousand dollars.

596
00:23:48,440 --> 00:23:49,080
Speaker 1: That's amazing.

597
00:23:49,160 --> 00:23:52,040
Speaker 5: And so Newark is one of the fastest growing real

598
00:23:52,119 --> 00:23:54,040
Speaker 5: estate markets. I know some markets have been stagging it

599
00:23:54,160 --> 00:23:56,600
Speaker 5: or are going backwards, but not Newark. So I have

600
00:23:56,760 --> 00:23:59,840
Speaker 5: I own four properties and I just bought one last

601
00:24:00,080 --> 00:24:02,360
Speaker 5: your too bad too bath one fifty.

602
00:24:03,040 --> 00:24:03,399
Speaker 1: Listen.

603
00:24:03,440 --> 00:24:05,960
Speaker 2: I was just telling one of my friends in high school.

604
00:24:06,000 --> 00:24:07,920
Speaker 2: I was like, we should invest in Knowwerk. She also

605
00:24:08,040 --> 00:24:10,240
Speaker 2: is a real estate attorney, and so I was like, okay,

606
00:24:10,240 --> 00:24:11,840
Speaker 2: we have the real estate attorney right here, and she

607
00:24:11,920 --> 00:24:14,800
Speaker 2: lives in Jersey. But I just see, like, first of

608
00:24:14,800 --> 00:24:17,480
Speaker 2: its convenient to get to on public transportation.

609
00:24:17,960 --> 00:24:19,639
Speaker 1: It's the airport. Yep, it's going to be a.

610
00:24:19,680 --> 00:24:21,640
Speaker 4: Real estate accountability partner.

611
00:24:22,000 --> 00:24:26,720
Speaker 3: I'm just tellility.

612
00:24:28,000 --> 00:24:31,479
Speaker 4: They talk about a real estate woes all the time. Yeah, So,

613
00:24:31,520 --> 00:24:35,280
Speaker 4: speaking of investing and other investments besides real estate, A

614
00:24:35,320 --> 00:24:37,159
Speaker 4: lot of people out there. I've been putting money in

615
00:24:37,200 --> 00:24:40,479
Speaker 4: my four oh one k. I've been investing the stock market.

616
00:24:41,080 --> 00:24:42,400
Speaker 1: I'm not looking at it right now.

617
00:24:42,560 --> 00:24:45,879
Speaker 4: What should people be thinking? You said something to me

618
00:24:45,960 --> 00:24:48,000
Speaker 4: so smart the other day when we were talking. You said,

619
00:24:48,520 --> 00:24:50,800
Speaker 4: wealthy people have money in the stock market, and I'll

620
00:24:50,880 --> 00:24:51,520
Speaker 4: let you finish it.

621
00:24:51,720 --> 00:24:55,000
Speaker 5: So so one the stock market, it's like Christmas. I mean,

622
00:24:55,200 --> 00:24:57,320
Speaker 5: it comes about every year, like ups and downs. So

623
00:24:57,440 --> 00:25:00,359
Speaker 5: you have to know the stock market is cyclical. Every

624
00:25:00,400 --> 00:25:02,080
Speaker 5: time the pandemic, Oh my god, oh my god, oh

625
00:25:02,119 --> 00:25:03,720
Speaker 5: my god, receession, oh my god, oh my god, oh

626
00:25:03,760 --> 00:25:07,000
Speaker 5: my god. I'm like, were y'all embryos? This is what

627
00:25:07,040 --> 00:25:09,600
Speaker 5: it looks like, meaning that like in your lifetime.

628
00:25:10,280 --> 00:25:12,640
Speaker 1: Pause. I mean, I'm just saying, like, you're not here.

629
00:25:12,720 --> 00:25:14,840
Speaker 1: We left this before.

630
00:25:14,200 --> 00:25:16,720
Speaker 5: It's like, you know, people are like, oh my god,

631
00:25:16,720 --> 00:25:18,480
Speaker 5: like when Christmas comes to like I gotta say it.

632
00:25:18,560 --> 00:25:23,240
Speaker 1: I'm like, it's the same time. Yeah, no, unexpected. I mean.

633
00:25:23,480 --> 00:25:25,199
Speaker 5: And so the thing about the market is that it

634
00:25:25,320 --> 00:25:27,440
Speaker 5: literally is cyclical. So I want you, for those of

635
00:25:27,480 --> 00:25:29,399
Speaker 5: you who can't see me, I want you to consider,

636
00:25:29,520 --> 00:25:32,800
Speaker 5: like think about it like a roller coaster. Roller coaster

637
00:25:33,119 --> 00:25:35,080
Speaker 5: goes up and down, up and down on the toy

638
00:25:35,200 --> 00:25:38,119
Speaker 5: up and so what we're experienced is a down on

639
00:25:38,200 --> 00:25:41,040
Speaker 5: it to way up. The last hundred years we have

640
00:25:41,119 --> 00:25:43,240
Speaker 5: seen growth over growth over growth, and you're like, yeah,

641
00:25:43,280 --> 00:25:44,639
Speaker 5: but maybe this time is different. Let me tell you

642
00:25:44,680 --> 00:25:46,680
Speaker 5: why it's not different. You know who's in the market

643
00:25:46,760 --> 00:25:48,600
Speaker 5: more than you banks. You know who else is in the

644
00:25:48,640 --> 00:25:51,600
Speaker 5: market more than you billionaires? You think the billionaire in

645
00:25:51,600 --> 00:25:52,800
Speaker 5: the banks are letting this.

646
00:25:52,760 --> 00:25:53,240
Speaker 1: Thing go down?

647
00:25:53,320 --> 00:25:56,240
Speaker 5: No, hell no, that's like someone crashing their Bugatti. It's

648
00:25:56,240 --> 00:25:57,840
Speaker 5: not happening. So guess what you need to do getting

649
00:25:57,840 --> 00:25:58,640
Speaker 5: that trunk at Bugatti.

650
00:25:58,640 --> 00:26:00,600
Speaker 1: I'm riding with you, so it's un sound, you know.

651
00:26:00,720 --> 00:26:03,159
Speaker 5: I'm riding with you because they're not going to allow

652
00:26:03,359 --> 00:26:06,439
Speaker 5: the thing that that gives them wealth to fail. So

653
00:26:06,560 --> 00:26:09,440
Speaker 5: as long as you align with oh, that's how you're

654
00:26:09,440 --> 00:26:12,399
Speaker 5: making your wealth. Okay, you're not gonna allow it to

655
00:26:12,400 --> 00:26:15,919
Speaker 5: fail indefinitely. I'm not saying that there's no downtime, but

656
00:26:16,359 --> 00:26:19,160
Speaker 5: indefinitely because then we're like, so what happens to them too?

657
00:26:19,480 --> 00:26:21,480
Speaker 5: You have to understand the powers that be. There are

658
00:26:21,520 --> 00:26:24,640
Speaker 5: certain places that are safer because they are there.

659
00:26:25,000 --> 00:26:27,000
Speaker 4: I'm glad you're saying this because it hits differently for

660
00:26:27,119 --> 00:26:29,600
Speaker 4: black people and the largest number of first time investors

661
00:26:29,640 --> 00:26:32,200
Speaker 4: to the stock market. The arial found with the first

662
00:26:32,200 --> 00:26:34,879
Speaker 4: people to panic sell of course, because a lot of

663
00:26:34,920 --> 00:26:38,560
Speaker 4: times we have that other family responsibility. We don't know

664
00:26:38,600 --> 00:26:40,960
Speaker 4: that it's gonna come back up. But I remember I

665
00:26:41,080 --> 00:26:43,399
Speaker 4: bought this corny and tell you.

666
00:26:43,000 --> 00:26:44,560
Speaker 1: Like, I don't know, just a few coins.

667
00:26:44,560 --> 00:26:46,040
Speaker 5: I remember I bought it for like it was like

668
00:26:46,080 --> 00:26:48,680
Speaker 5: twenty one hundred do, twenty five hundred do. I only

669
00:26:48,680 --> 00:26:49,760
Speaker 5: bought like one or two corts. I didn't have that

670
00:26:49,840 --> 00:26:52,520
Speaker 5: much of money, but I was like, oh lord, no, no,

671
00:26:52,680 --> 00:26:54,960
Speaker 5: no happen. And then when it went down, I was

672
00:26:54,960 --> 00:26:56,760
Speaker 5: like a out. And now I look back, I'm like.

673
00:26:56,960 --> 00:27:01,439
Speaker 1: Damn this house it's a house coin. I remember, I

674
00:27:01,480 --> 00:27:05,440
Speaker 1: was like, because it is scary, quite honestly.

675
00:27:05,640 --> 00:27:08,240
Speaker 5: So many of us are investing for wealth before we've

676
00:27:08,240 --> 00:27:10,400
Speaker 5: done anything else. So what I teach people and get

677
00:27:10,400 --> 00:27:13,320
Speaker 5: good with money is you have there's these ten steps,

678
00:27:13,600 --> 00:27:19,040
Speaker 5: the foundational five do first, So that is budgeting, savings, debt, credit, earning.

679
00:27:19,480 --> 00:27:21,639
Speaker 5: If you haven't done those and you're investing for wealth,

680
00:27:21,720 --> 00:27:24,679
Speaker 5: why you know this is why you're so shaky and

681
00:27:24,840 --> 00:27:30,080
Speaker 5: them investing before retirement first, like and then you invest

682
00:27:30,080 --> 00:27:32,080
Speaker 5: for wealth because retirement is coming either way.

683
00:27:32,200 --> 00:27:32,920
Speaker 1: Yeah regardless.

684
00:27:32,960 --> 00:27:34,399
Speaker 5: Well, you know you could sy a good life and

685
00:27:34,440 --> 00:27:36,440
Speaker 5: not have like wealth, wealth, you know what I mean.

686
00:27:36,600 --> 00:27:38,119
Speaker 5: But you cannot have a good life and you're not

687
00:27:38,359 --> 00:27:41,320
Speaker 5: you're not solid for retirement. And then you have insurance

688
00:27:41,359 --> 00:27:43,399
Speaker 5: so you can protect the things that you own. Then

689
00:27:43,440 --> 00:27:46,040
Speaker 5: you have your financial team, your net worth and estate planning.

690
00:27:46,400 --> 00:27:48,679
Speaker 5: But I think the problem is and actually in the

691
00:27:48,680 --> 00:27:51,280
Speaker 5: book it's funny because I said, I know why people gotcha.

692
00:27:51,400 --> 00:27:53,800
Speaker 5: So if you go to the investment chapter, I say,

693
00:27:53,840 --> 00:27:56,360
Speaker 5: I bet you skipped here. I guess the first one

694
00:27:56,440 --> 00:27:59,880
Speaker 5: It says, I know you skipped on everybody here go back.

695
00:28:02,680 --> 00:28:05,680
Speaker 1: People want them looking at the ending.

696
00:28:05,920 --> 00:28:08,159
Speaker 5: Yes, it's just like the problem is is that like

697
00:28:08,200 --> 00:28:11,200
Speaker 5: because they think that wealth like they can somehow get

698
00:28:11,200 --> 00:28:13,800
Speaker 5: to wealth and he'll solve everything. Certainly, it solves a lot,

699
00:28:13,960 --> 00:28:17,159
Speaker 5: but it's nothing is worse than someone being successful too

700
00:28:17,200 --> 00:28:19,280
Speaker 5: quickly because they don't know how to manage it. And

701
00:28:19,320 --> 00:28:21,480
Speaker 5: you love it because you have wealth, but you don't

702
00:28:21,520 --> 00:28:23,200
Speaker 5: have enough insurance. Someone sues you.

703
00:28:23,320 --> 00:28:24,320
Speaker 1: That's you.

704
00:28:24,320 --> 00:28:26,040
Speaker 5: You know you have wealth, but you don't have a

705
00:28:26,080 --> 00:28:28,359
Speaker 5: state planning, and something happens to you, your family now

706
00:28:28,359 --> 00:28:30,720
Speaker 5: doesn't know how to manage it. You know, you have wealth,

707
00:28:30,760 --> 00:28:32,920
Speaker 5: but you don't know how to budget, and no shave

708
00:28:32,960 --> 00:28:34,960
Speaker 5: to Tony Braxton because god, I love your voice, but

709
00:28:35,000 --> 00:28:37,399
Speaker 5: she don't file for bankruptcy more years than you know

710
00:28:37,440 --> 00:28:41,400
Speaker 5: than I mean, how many times, Tonys. You know what

711
00:28:41,440 --> 00:28:43,800
Speaker 5: I mean. And I'm just like, so that's the thing

712
00:28:43,880 --> 00:28:47,640
Speaker 5: that wealth without these other foundational things just means you'll

713
00:28:47,640 --> 00:28:48,200
Speaker 5: find your way.

714
00:28:48,120 --> 00:28:48,920
Speaker 1: Back to brokeness.

715
00:28:49,080 --> 00:28:52,120
Speaker 5: Studies show that the average person that wins the lottery

716
00:28:52,360 --> 00:28:54,320
Speaker 5: is literally broken one year later.

717
00:28:54,440 --> 00:28:56,520
Speaker 2: And athletes too, Yeah, I mean we see that a

718
00:28:56,520 --> 00:28:59,080
Speaker 2: lot with athletes when they haven't you know, they're getting

719
00:28:59,080 --> 00:29:00,840
Speaker 2: these huge checks and not knowing what to do. I

720
00:29:00,880 --> 00:29:03,400
Speaker 2: want to ask you when we just talked about filing

721
00:29:03,400 --> 00:29:06,800
Speaker 2: for bankruptcy, and it has been something that I've been

722
00:29:06,800 --> 00:29:10,400
Speaker 2: seeing a lot as far as like black women business owners,

723
00:29:10,440 --> 00:29:12,680
Speaker 2: and people say, well, white people do it all the time,

724
00:29:12,680 --> 00:29:14,880
Speaker 2: they filed for bankruptcy, but somehow it gets looked at

725
00:29:14,880 --> 00:29:17,080
Speaker 2: differently when we do it. And I want to get

726
00:29:17,120 --> 00:29:20,360
Speaker 2: your thoughts on filing for bankruptcy and what that means.

727
00:29:20,400 --> 00:29:21,920
Speaker 2: I know, there's a lot of different reasons A lot

728
00:29:21,920 --> 00:29:23,920
Speaker 2: of times did to restructuring debt.

729
00:29:23,960 --> 00:29:25,640
Speaker 1: But can you talk about that well, I.

730
00:29:25,560 --> 00:29:27,360
Speaker 5: Say, like, first of all, I love if you want to,

731
00:29:27,920 --> 00:29:31,520
Speaker 5: Oh what is her name from slutly Vegan, Pink Pinky?

732
00:29:31,800 --> 00:29:34,760
Speaker 5: She did like a miss Rachel Like, yeah, I saw that.

733
00:29:34,800 --> 00:29:37,160
Speaker 5: I said, just read the girls because HI about in

734
00:29:37,160 --> 00:29:38,600
Speaker 5: your business and you don't want what the word?

735
00:29:38,800 --> 00:29:39,640
Speaker 1: She's still wealthy.

736
00:29:39,960 --> 00:29:42,840
Speaker 2: And then they the bank seized one of her properties

737
00:29:42,840 --> 00:29:45,040
Speaker 2: and investment property. But then they did it she had

738
00:29:45,080 --> 00:29:46,920
Speaker 2: filed for bankruptcy, so they weren't allowed to do it

739
00:29:46,960 --> 00:29:49,320
Speaker 2: because it was protected and they actually had to give

740
00:29:49,360 --> 00:29:49,720
Speaker 2: it back.

741
00:29:49,880 --> 00:29:52,160
Speaker 5: So that's the thing that filing for bankruptcy, especially in

742
00:29:52,160 --> 00:29:55,520
Speaker 5: twenty twenty six and beyond. Really for most people it's

743
00:29:55,560 --> 00:29:58,680
Speaker 5: about pausing the bleeding because people are just you know,

744
00:29:58,760 --> 00:30:02,080
Speaker 5: taking like what feel that you owe them. And for many,

745
00:30:02,160 --> 00:30:04,720
Speaker 5: especially for those who are wealthier have businesses, it is

746
00:30:04,720 --> 00:30:07,480
Speaker 5: about restructuring. You know, fifty cent I believe has faf

747
00:30:07,520 --> 00:30:08,200
Speaker 5: for bankruptcy.

748
00:30:09,240 --> 00:30:12,560
Speaker 4: So many that was initially for we put this stigma on.

749
00:30:12,640 --> 00:30:14,680
Speaker 4: It was initially to protect wealth.

750
00:30:14,760 --> 00:30:17,400
Speaker 1: Yeah, to protect wealth. Like I think Dave Ramsey said

751
00:30:17,400 --> 00:30:20,040
Speaker 1: that he fought for bankruptcy. Definitely, Donald Trump.

752
00:30:20,200 --> 00:30:28,120
Speaker 5: Child with bankruptcy in the United States to pause and say, Okay,

753
00:30:28,720 --> 00:30:31,360
Speaker 5: before you all snatch every crumb off this table, let

754
00:30:31,400 --> 00:30:33,320
Speaker 5: me see what I can do so I can maintain.

755
00:30:33,800 --> 00:30:36,200
Speaker 1: And so, no, I don't think there's any shame in it.

756
00:30:36,240 --> 00:30:38,920
Speaker 5: I'm glad that Pinky did some education about different ways

757
00:30:38,920 --> 00:30:42,000
Speaker 5: to file for bankruptcy. And I just think that, like

758
00:30:42,440 --> 00:30:45,479
Speaker 5: for many people they don't have, you want to make

759
00:30:45,520 --> 00:30:47,080
Speaker 5: sure that if that is a route that you're going.

760
00:30:47,120 --> 00:30:48,959
Speaker 5: I've seen people say I owe ten thousand dollars, I'm

761
00:30:48,960 --> 00:30:49,680
Speaker 5: a file I'm like.

762
00:30:49,840 --> 00:30:51,160
Speaker 1: Uh, figure that out.

763
00:30:51,240 --> 00:30:53,840
Speaker 5: Yes, you can figure out ten thousand, yea, sir, you

764
00:30:53,840 --> 00:30:56,400
Speaker 5: can figure out a thousand you know, Oh you have

765
00:30:56,640 --> 00:30:59,320
Speaker 5: you know, three hundred thousand dollars because you know, maybe

766
00:31:00,080 --> 00:31:02,000
Speaker 5: you had, like a I don't know, you got sick

767
00:31:02,000 --> 00:31:04,040
Speaker 5: and that's what your doctor bill is. That might make

768
00:31:04,080 --> 00:31:05,479
Speaker 5: more sense because it's like, how do I ever get

769
00:31:05,520 --> 00:31:08,520
Speaker 5: out of something like that? That's possible, that that makes sense,

770
00:31:08,560 --> 00:31:10,480
Speaker 5: And so I say, it's not to be taken lightly,

771
00:31:11,120 --> 00:31:13,440
Speaker 5: you know, but certainly it could be used as a

772
00:31:13,480 --> 00:31:16,840
Speaker 5: tool to help restructure so you could rebuild moving.

773
00:31:16,600 --> 00:31:18,840
Speaker 4: Forward, it runs headfirst, and the shame.

774
00:31:19,120 --> 00:31:19,560
Speaker 1: Yeah, I know.

775
00:31:19,600 --> 00:31:22,680
Speaker 4: You talk about shame as being the ultimate enemy sometimes, Yeah,

776
00:31:22,680 --> 00:31:24,560
Speaker 4: because shame. She'll talk to us about that.

777
00:31:24,760 --> 00:31:27,680
Speaker 5: It shields you from solutions when you're in shame. Shame

778
00:31:27,840 --> 00:31:30,440
Speaker 5: loves to say you, it's just me and you. It

779
00:31:30,520 --> 00:31:32,840
Speaker 5: loves the darkness, it loves the quiet. It's like, don't

780
00:31:32,840 --> 00:31:35,800
Speaker 5: tell nobody, because you you are fool. Nobody else is

781
00:31:35,840 --> 00:31:38,280
Speaker 5: going through it. The only way to kind of bust

782
00:31:38,280 --> 00:31:40,280
Speaker 5: through shame is to give voice to it. Tell your

783
00:31:40,320 --> 00:31:43,800
Speaker 5: best friend, tell your work mom, tell someone I'm navigating

784
00:31:43,880 --> 00:31:45,520
Speaker 5: this thing and I feel so bad about it, because

785
00:31:45,520 --> 00:31:47,680
Speaker 5: you will find that you are not alone and any

786
00:31:47,720 --> 00:31:50,400
Speaker 5: people the same. The first time I told my best friend,

787
00:31:50,400 --> 00:31:51,800
Speaker 5: I was like, I have to move back home with

788
00:31:51,800 --> 00:31:53,480
Speaker 5: my parents, and then I don't have any money, and

789
00:31:53,520 --> 00:31:54,720
Speaker 5: then I broke up with my boyfriend.

790
00:31:54,760 --> 00:31:56,480
Speaker 1: And then she was like, girl, I'm sleeping on my

791
00:31:56,480 --> 00:31:57,040
Speaker 1: mother's couch.

792
00:31:57,080 --> 00:32:01,240
Speaker 5: And right now, you know, she laughed about it, and

793
00:32:01,280 --> 00:32:03,960
Speaker 5: so it helped me to feel more at ease and

794
00:32:04,000 --> 00:32:05,520
Speaker 5: then start working toward the solutions.

795
00:32:05,520 --> 00:32:06,440
Speaker 4: And I do alone.

796
00:32:06,600 --> 00:32:08,960
Speaker 1: Yeah, and not so long, because you're not. I promise you.

797
00:32:08,960 --> 00:32:12,840
Speaker 5: Almost everyone you know your favorite blue check folks, especially

798
00:32:12,840 --> 00:32:15,640
Speaker 5: the brown ones. They slided my dms people not signed

799
00:32:15,640 --> 00:32:16,120
Speaker 5: my DMS to.

800
00:32:16,040 --> 00:32:19,440
Speaker 1: Try to holler. They're like, hey, girl, you can help

801
00:32:19,440 --> 00:32:20,240
Speaker 1: me get my money together.

802
00:32:20,320 --> 00:32:21,800
Speaker 5: If I told you so many people, which I can't

803
00:32:21,800 --> 00:32:23,920
Speaker 5: because I'll be signing the NBA's so many people that

804
00:32:24,040 --> 00:32:25,720
Speaker 5: reached out to me for help, you would.

805
00:32:25,520 --> 00:32:28,360
Speaker 1: Be like, no, yes, yes, you are not alone.

806
00:32:28,440 --> 00:32:30,520
Speaker 5: Okay, some of y'all got way more money than your

807
00:32:30,560 --> 00:32:31,920
Speaker 5: favorite person that you see on the screen.

808
00:32:32,000 --> 00:32:32,280
Speaker 1: Okay.

809
00:32:33,280 --> 00:32:33,520
Speaker 4: You know.

810
00:32:33,920 --> 00:32:36,840
Speaker 2: One thing I also always think about is businesses that

811
00:32:36,920 --> 00:32:40,040
Speaker 2: I feel like may not be sexy, but will always

812
00:32:40,040 --> 00:32:43,160
Speaker 2: make money. When I was cleaning out my brother's place

813
00:32:43,200 --> 00:32:45,880
Speaker 2: in the trash removal place, I was talking to the

814
00:32:45,920 --> 00:32:47,600
Speaker 2: guy and he was telling me about how he got

815
00:32:47,640 --> 00:32:49,959
Speaker 2: started in that business and how they've expanded not just

816
00:32:49,960 --> 00:32:52,400
Speaker 2: from that, but also like when the snows they clear

817
00:32:52,440 --> 00:32:55,800
Speaker 2: out the snow and he's expanded to have five trucks now,

818
00:32:56,160 --> 00:32:58,640
Speaker 2: and they charge you so much money to come, and

819
00:32:59,080 --> 00:33:00,440
Speaker 2: he looked out for me, Thank.

820
00:33:00,280 --> 00:33:00,880
Speaker 1: You, Mustafa.

821
00:33:01,080 --> 00:33:03,240
Speaker 2: But they charge they do, like if you call God,

822
00:33:03,480 --> 00:33:05,560
Speaker 2: they charge you so much to come and do that.

823
00:33:05,600 --> 00:33:09,040
Speaker 2: And it's such a necessary business for like if somebody's

824
00:33:09,080 --> 00:33:11,840
Speaker 2: doing a renovation or somebody's moving or you know, you

825
00:33:11,920 --> 00:33:14,560
Speaker 2: never know what that's for. But then in addition to that,

826
00:33:14,640 --> 00:33:16,800
Speaker 2: now they do millwork, they do this, and they've managed

827
00:33:16,840 --> 00:33:19,640
Speaker 2: to expand, and I feel like those types of jobs

828
00:33:20,000 --> 00:33:22,200
Speaker 2: are something that you make your own hours.

829
00:33:22,760 --> 00:33:24,880
Speaker 1: You know. It's like the locksmith. How are you get

830
00:33:24,960 --> 00:33:25,400
Speaker 1: in your house?

831
00:33:25,440 --> 00:33:27,480
Speaker 3: You keep on talking about it, lots of you get

832
00:33:27,480 --> 00:33:27,880
Speaker 3: locked out?

833
00:33:27,960 --> 00:33:30,800
Speaker 1: Oh my god, come to that. I'm like, how much?

834
00:33:31,200 --> 00:33:31,880
Speaker 1: What am I gonna do?

835
00:33:32,000 --> 00:33:32,120
Speaker 5: Right?

836
00:33:33,560 --> 00:33:35,600
Speaker 1: Break the door? I'm like, I remember the guy he

837
00:33:35,720 --> 00:33:39,160
Speaker 1: was like, well, you know, I'm like he was like,

838
00:33:39,240 --> 00:33:42,400
Speaker 1: I could go home. I was like you, oh wait,

839
00:33:42,440 --> 00:33:42,800
Speaker 1: you can't.

840
00:33:43,320 --> 00:33:45,720
Speaker 2: You guy hasn't called the locksmith? Okay, right, who hasn't

841
00:33:45,760 --> 00:33:47,200
Speaker 2: gotten locked in the morning?

842
00:33:47,440 --> 00:33:50,080
Speaker 1: Yeah, here you go, you know, because what else can

843
00:33:50,120 --> 00:33:52,360
Speaker 1: you do? You don't have a choice. Right, There's a family.

844
00:33:52,400 --> 00:33:54,880
Speaker 5: I think it was like in near Westroot where I

845
00:33:54,920 --> 00:33:57,240
Speaker 5: used to live, and they used to make something so random.

846
00:33:57,280 --> 00:34:00,040
Speaker 5: It was like the top ball part of like the

847
00:34:00,040 --> 00:34:02,080
Speaker 5: the hinge on the door, something crazy. And they were

848
00:34:02,080 --> 00:34:05,520
Speaker 5: making like three million dollars a year with three guys.

849
00:34:05,560 --> 00:34:07,960
Speaker 5: And like, I'm always someone I like to be at

850
00:34:07,960 --> 00:34:10,319
Speaker 5: everybody's business, So I be at the pizza shop, you know,

851
00:34:10,719 --> 00:34:12,880
Speaker 5: like two o'clock in the morning. I'm counting coins like

852
00:34:12,960 --> 00:34:15,399
Speaker 5: it's like ten kids came in here in the last

853
00:34:15,400 --> 00:34:18,080
Speaker 5: thirty minutes, about two dollars per kids.

854
00:34:18,360 --> 00:34:20,799
Speaker 3: I'm like, bag and the cussard does is not too

855
00:34:20,960 --> 00:34:22,520
Speaker 3: it's not too you sound.

856
00:34:22,400 --> 00:34:22,960
Speaker 1: By the slice.

857
00:34:23,080 --> 00:34:25,919
Speaker 5: I'm like, I mean, I'm telling you, there's so much

858
00:34:26,040 --> 00:34:27,880
Speaker 5: money to be made. Here's the thing about money.

859
00:34:28,480 --> 00:34:28,840
Speaker 1: Money.

860
00:34:29,280 --> 00:34:31,879
Speaker 5: It's not like when you lose money, the bank takes

861
00:34:31,920 --> 00:34:33,960
Speaker 5: it from you and burns it. That's not what's happening

862
00:34:34,120 --> 00:34:34,520
Speaker 5: out there.

863
00:34:34,640 --> 00:34:36,359
Speaker 1: It is going to someone else. Why not you?

864
00:34:36,480 --> 00:34:40,200
Speaker 5: I always think about that. There are businesses that are booming.

865
00:34:40,680 --> 00:34:42,600
Speaker 5: So there's a line of those who have and those

866
00:34:42,600 --> 00:34:45,040
Speaker 5: who have not. Right, how do I get on the

867
00:34:45,080 --> 00:34:47,400
Speaker 5: half side? I always ask myself before I boohoo and

868
00:34:47,440 --> 00:34:50,840
Speaker 5: cry and say, oh, what are they doing? Because success

869
00:34:50,920 --> 00:34:53,880
Speaker 5: leaves clues, you know, Like even now in business, I'm pivoting.

870
00:34:54,360 --> 00:34:56,160
Speaker 1: Why are we're doing a lot more contract worker? Now?

871
00:34:56,320 --> 00:34:57,120
Speaker 1: It's not as sexy.

872
00:34:57,160 --> 00:34:59,319
Speaker 5: You won't hear it as much, you know, but one

873
00:34:59,320 --> 00:35:02,240
Speaker 5: of the margins are way better because for every person

874
00:35:02,640 --> 00:35:04,719
Speaker 5: that I get to sign up for my online school,

875
00:35:04,719 --> 00:35:06,719
Speaker 5: I have this school called the Gekers Money Club, So

876
00:35:06,719 --> 00:35:09,200
Speaker 5: it's based upon the book. For every person I sign up,

877
00:35:09,360 --> 00:35:11,320
Speaker 5: I have to pay thirty percent of that money to marketing.

878
00:35:11,800 --> 00:35:15,120
Speaker 5: I gotta pay, you know, like for ads, which is

879
00:35:15,160 --> 00:35:18,440
Speaker 5: also marketing. But also there's like the cost of the

880
00:35:18,480 --> 00:35:20,040
Speaker 5: actual platform by the.

881
00:35:20,000 --> 00:35:24,279
Speaker 1: Time, yeah, you know money, it's like it's twenty.

882
00:35:24,000 --> 00:35:28,480
Speaker 5: Percent leapt maybe twenty five years a contract. Some some

883
00:35:28,520 --> 00:35:31,319
Speaker 5: school says, hey, Tiffany, you know we want you know,

884
00:35:31,360 --> 00:35:32,319
Speaker 5: a thousand kids to.

885
00:35:32,280 --> 00:35:34,640
Speaker 1: Sign up, no marketing. We just had a conversation and

886
00:35:34,680 --> 00:35:35,839
Speaker 1: signed right deal.

887
00:35:36,040 --> 00:35:38,360
Speaker 5: And then it's like the platform itself, you know, we

888
00:35:38,400 --> 00:35:41,000
Speaker 5: play the fee and it doesn't necessarily cost more for

889
00:35:41,040 --> 00:35:41,800
Speaker 5: more people to be on it.

890
00:35:42,000 --> 00:35:42,120
Speaker 1: Right.

891
00:35:42,280 --> 00:35:44,439
Speaker 5: So literally I've seen that we get to keep eighty

892
00:35:44,520 --> 00:35:48,359
Speaker 5: sometimes ninety percent. That's where smarter, you know, But that's

893
00:35:48,400 --> 00:35:51,239
Speaker 5: the un sexy because it's sexiest. All Hey, y'all sign

894
00:35:51,360 --> 00:35:54,560
Speaker 5: up for Geker money Clubs dot com. That's sexy. But

895
00:35:54,680 --> 00:35:57,440
Speaker 5: also I'm like, uh, the tide is changing. I'm more

896
00:35:57,480 --> 00:35:59,360
Speaker 5: and more I want to get into the un sexiest

897
00:35:59,400 --> 00:36:01,920
Speaker 5: part of business. I want one day that someone says, Budgeisa,

898
00:36:02,040 --> 00:36:03,120
Speaker 5: that was a person, right.

899
00:36:03,640 --> 00:36:05,120
Speaker 1: I want to be able to do like that isn't

900
00:36:05,120 --> 00:36:05,839
Speaker 1: getting your money off?

901
00:36:05,840 --> 00:36:07,319
Speaker 4: And then the sunset that well.

902
00:36:07,440 --> 00:36:11,800
Speaker 5: That the company runs it just has a series of government, state, school,

903
00:36:12,280 --> 00:36:14,719
Speaker 5: nonprofit whatever contract that's great and.

904
00:36:14,640 --> 00:36:17,359
Speaker 1: That you know and nobody like, nobody sees me. I'm

905
00:36:17,360 --> 00:36:18,040
Speaker 1: not teaching them.

906
00:36:18,360 --> 00:36:21,040
Speaker 4: This is gold right here, because I really want you

907
00:36:21,080 --> 00:36:24,440
Speaker 4: to talk to entrepreneurs pivoting, not being afraid to pivot,

908
00:36:24,520 --> 00:36:26,800
Speaker 4: and not feeling like you're failing when you have to

909
00:36:26,880 --> 00:36:27,720
Speaker 4: change things up.

910
00:36:27,640 --> 00:36:28,560
Speaker 1: Because it's business.

911
00:36:29,160 --> 00:36:33,200
Speaker 5: Jeff Bezos said that every business is destined to fail

912
00:36:33,840 --> 00:36:37,040
Speaker 5: because there was a business like where's the Caveman's.

913
00:36:36,600 --> 00:36:38,000
Speaker 1: Business from a million years ago?

914
00:36:38,040 --> 00:36:40,840
Speaker 5: It ain't here because no business lies forever, right, So

915
00:36:41,000 --> 00:36:42,960
Speaker 5: to think that you're doing something wrong, it is the

916
00:36:43,040 --> 00:36:46,520
Speaker 5: nature of business for it to eventually going to business eventually, you.

917
00:36:46,480 --> 00:36:49,239
Speaker 1: Know, like Blockbuster. Who didn't go to Blockbuster Friday Night?

918
00:36:49,320 --> 00:36:50,040
Speaker 3: Oh I sure did?

919
00:36:50,160 --> 00:36:53,319
Speaker 1: Oh yeah, don't they It's not it's not here.

920
00:36:53,400 --> 00:36:55,000
Speaker 3: I used to buy CDs there and everything.

921
00:36:55,160 --> 00:36:57,480
Speaker 5: One day, every big business that you see will be

922
00:36:57,520 --> 00:37:04,800
Speaker 5: going out of business like CDs. Yeah, Sam Goodie, I

923
00:37:05,719 --> 00:37:08,000
Speaker 5: remember doing the Wu Tame album dropped when I was

924
00:37:08,040 --> 00:37:08,640
Speaker 5: in high school.

925
00:37:08,680 --> 00:37:11,840
Speaker 1: Yo, the way we ran down to Sam good Sam Goodie, like,

926
00:37:11,880 --> 00:37:15,040
Speaker 1: we're Sam Goodie. You know where's all these big businesses?

927
00:37:15,200 --> 00:37:15,319
Speaker 3: Right?

928
00:37:15,719 --> 00:37:17,760
Speaker 5: And so you're you know, that's the thing that business

929
00:37:17,840 --> 00:37:20,839
Speaker 5: is always going to. It's gonna eventually fair. The key

930
00:37:20,960 --> 00:37:23,040
Speaker 5: is how long can you be in business if you

931
00:37:23,080 --> 00:37:25,120
Speaker 5: can master the art of what I call the pre pivot.

932
00:37:25,160 --> 00:37:26,640
Speaker 4: That's what I was gonna say. You said the term

933
00:37:26,680 --> 00:37:27,759
Speaker 4: pre pivot. I loved it.

934
00:37:27,840 --> 00:37:30,040
Speaker 5: So a pivot is oh my gosh, we hit a door,

935
00:37:30,120 --> 00:37:32,480
Speaker 5: so now we have to turn. Okay, well, what if

936
00:37:32,520 --> 00:37:35,120
Speaker 5: you knew a door was coming because you're wise enough

937
00:37:35,160 --> 00:37:37,240
Speaker 5: you look in your industry, you're like, things are slowing

938
00:37:37,280 --> 00:37:39,440
Speaker 5: down in that area, and you start working on the

939
00:37:39,480 --> 00:37:42,200
Speaker 5: solution now. So by the time you hit the door,

940
00:37:42,239 --> 00:37:43,880
Speaker 5: you're like, we're already ready for it. We have the

941
00:37:43,920 --> 00:37:46,520
Speaker 5: key in the lock, we're passing through. And so so

942
00:37:46,560 --> 00:37:49,359
Speaker 5: many people wait till it's too late, whether there's their

943
00:37:49,400 --> 00:37:52,839
Speaker 5: personal finances, Like you've been hearing the chatter at your

944
00:37:52,920 --> 00:37:55,200
Speaker 5: job that they letting people go. Yeah, six months to

945
00:37:55,239 --> 00:37:57,799
Speaker 5: a year ago, you could have buckled down and saved more,

946
00:37:57,840 --> 00:37:58,680
Speaker 5: and now they told you.

947
00:37:58,680 --> 00:38:01,799
Speaker 2: You're like what, yeah, because it said sometimes we just

948
00:38:01,800 --> 00:38:03,359
Speaker 2: sit there and wait to get let go and try

949
00:38:03,360 --> 00:38:04,960
Speaker 2: to write it out as long as possible.

950
00:38:05,400 --> 00:38:08,200
Speaker 4: And you're so focused on the job and that whole

951
00:38:08,200 --> 00:38:11,880
Speaker 4: emotional journey pivot you should be you should be prefivod

952
00:38:11,880 --> 00:38:15,160
Speaker 4: when things are okay. Yeah, yeah, because you nothing kills

953
00:38:15,200 --> 00:38:17,960
Speaker 4: creativity like brokeness. You're trying to make decisions when you're

954
00:38:18,000 --> 00:38:20,799
Speaker 4: in the depths of brokeness. No, So I like to

955
00:38:20,800 --> 00:38:22,960
Speaker 4: set aside about I tell my team set aside about

956
00:38:22,960 --> 00:38:25,719
Speaker 4: thirty percent of your time, energy and resources for.

957
00:38:25,760 --> 00:38:27,160
Speaker 1: What's next, not what is.

958
00:38:27,520 --> 00:38:30,040
Speaker 5: So seventy percent were working on what is thirty percent

959
00:38:30,120 --> 00:38:32,600
Speaker 5: what's next, So when it comes, because what happens is

960
00:38:32,600 --> 00:38:34,040
Speaker 5: in business sometime I don't even like to talk about

961
00:38:34,040 --> 00:38:36,120
Speaker 5: what I'm up to because the girls like the copy.

962
00:38:36,640 --> 00:38:38,920
Speaker 5: But they can only ever do what I've already done.

963
00:38:39,400 --> 00:38:41,680
Speaker 1: So late, you're late. Since we've been working on the

964
00:38:41,719 --> 00:38:43,040
Speaker 1: new thing, right, you know what I mean?

965
00:38:43,040 --> 00:38:46,879
Speaker 5: We building relationships, you know, getting certified, all these things

966
00:38:46,880 --> 00:38:48,840
Speaker 5: that are necessary for the new stage of life that

967
00:38:48,880 --> 00:38:50,000
Speaker 5: we're navigating into.

968
00:38:50,239 --> 00:38:51,320
Speaker 1: I have been pre pivoting.

969
00:38:51,719 --> 00:38:55,960
Speaker 5: I knew the core space was diminishing like five years ago,

970
00:38:56,239 --> 00:38:58,640
Speaker 5: so we have been pre pivoting for five years, right,

971
00:38:58,680 --> 00:39:00,000
Speaker 5: So by the time you catch up and see what

972
00:39:00,040 --> 00:39:00,520
Speaker 5: I'm doing.

973
00:39:00,360 --> 00:39:01,960
Speaker 1: This like I'm doing it.

974
00:39:02,080 --> 00:39:03,960
Speaker 5: I did it, and it might take you five years

975
00:39:04,000 --> 00:39:05,480
Speaker 5: to get to that work. So instead of watching me

976
00:39:05,520 --> 00:39:06,080
Speaker 5: watch your.

977
00:39:06,000 --> 00:39:14,680
Speaker 4: Sound growth growth, what give us some hints what you

978
00:39:14,760 --> 00:39:15,239
Speaker 4: pivoted to?

979
00:39:16,360 --> 00:39:20,200
Speaker 5: So, like I said, pivoting to more contracts. But even myself, right,

980
00:39:20,239 --> 00:39:23,160
Speaker 5: I've just been asking myself, I'm gonna probably take some

981
00:39:23,200 --> 00:39:26,600
Speaker 5: time away next year. Not probably, I'm gonna I'm like, okay,

982
00:39:26,640 --> 00:39:28,440
Speaker 5: doctor Graham, just saying thinking about my therapist in my head,

983
00:39:28,480 --> 00:39:33,520
Speaker 5: She's like probably, And so yeah, I'm just pivoting towards

984
00:39:33,560 --> 00:39:35,000
Speaker 5: more Tiffany less BUNCHETI staff.

985
00:39:35,040 --> 00:39:37,200
Speaker 3: Listen, you went to Bali previously.

986
00:39:37,320 --> 00:39:39,799
Speaker 2: Yeah, after my husband passed, after your husband passed, and

987
00:39:40,239 --> 00:39:43,040
Speaker 2: you went out there, no phone, no connection.

988
00:39:43,239 --> 00:39:45,560
Speaker 5: One person I spoke to was my therapist once a week.

989
00:39:45,920 --> 00:39:48,600
Speaker 2: And so talk to me about how that changed your

990
00:39:48,640 --> 00:39:50,319
Speaker 2: life and your mentality.

991
00:39:50,160 --> 00:39:52,000
Speaker 1: One, you know, like one year.

992
00:39:52,080 --> 00:39:54,240
Speaker 5: Because I'm ambitious like you are, you know, and Stacy

993
00:39:54,360 --> 00:39:57,040
Speaker 5: you are and so and I was definitely go go

994
00:39:57,040 --> 00:40:00,080
Speaker 5: go more and more and more, more and more. We

995
00:40:00,120 --> 00:40:01,880
Speaker 5: had a ten million dollar let's take it to twenty.

996
00:40:01,960 --> 00:40:04,520
Speaker 5: Let's take it a fifth because I'm like why not,

997
00:40:04,840 --> 00:40:07,600
Speaker 5: you know, And then when girl passed away, it was

998
00:40:07,680 --> 00:40:08,520
Speaker 5: like what.

999
00:40:08,480 --> 00:40:11,239
Speaker 1: Does all this matter? Again? Yeah? Like for real, like

1000
00:40:11,280 --> 00:40:12,920
Speaker 1: what does it actually all this matter?

1001
00:40:13,400 --> 00:40:15,560
Speaker 5: And so I call these things the gifts of grief,

1002
00:40:16,040 --> 00:40:19,359
Speaker 5: where it gave me more clarity, like I like, spend

1003
00:40:19,440 --> 00:40:21,960
Speaker 5: more time with the people I care about because it's

1004
00:40:22,000 --> 00:40:23,240
Speaker 5: like what actually matters?

1005
00:40:23,280 --> 00:40:23,720
Speaker 1: Matters?

1006
00:40:23,920 --> 00:40:24,160
Speaker 4: Yeah?

1007
00:40:24,239 --> 00:40:24,920
Speaker 1: You know what I mean.

1008
00:40:25,800 --> 00:40:27,799
Speaker 5: Drug was the king of enough, like baby, we got enough.

1009
00:40:27,800 --> 00:40:28,760
Speaker 5: I'm like, no, I want.

1010
00:40:28,640 --> 00:40:30,279
Speaker 1: To I want to get the twenty million. I want

1011
00:40:30,360 --> 00:40:31,239
Speaker 1: us to get a bigger house.

1012
00:40:31,760 --> 00:40:34,839
Speaker 5: And so when I went to Bali, I I just

1013
00:40:35,080 --> 00:40:37,080
Speaker 5: I told myself I wanted one. I wanted the space

1014
00:40:37,080 --> 00:40:38,600
Speaker 5: and freedom to cry in peace.

1015
00:40:38,680 --> 00:40:39,279
Speaker 1: That's what I said.

1016
00:40:39,280 --> 00:40:41,600
Speaker 5: Because you know, when when you lose someone, everyone's really

1017
00:40:41,600 --> 00:40:43,880
Speaker 5: worried about you, and every tier you drop, you know,

1018
00:40:43,920 --> 00:40:45,000
Speaker 5: you kind of feel like you have to suck it

1019
00:40:45,040 --> 00:40:46,839
Speaker 5: up because you don't want to make people feel uncomfortable.

1020
00:40:47,000 --> 00:40:48,080
Speaker 1: But I'm like, I don't want to care about other

1021
00:40:48,120 --> 00:40:50,160
Speaker 1: people right now. I want to be and be like

1022
00:40:50,200 --> 00:40:51,839
Speaker 1: and look at God, be like, what would you do

1023
00:40:51,880 --> 00:40:53,200
Speaker 1: this to me? You know what I mean? Like I

1024
00:40:53,239 --> 00:40:56,359
Speaker 1: wanted like that, Yeah, what what I mean I wake

1025
00:40:56,440 --> 00:40:58,880
Speaker 1: up and mill like and another thing. You know. I

1026
00:40:58,920 --> 00:41:02,640
Speaker 1: wanted just like the space, just like rage in peace.

1027
00:41:02,520 --> 00:41:04,920
Speaker 5: But I also wanted to do it someplace beautiful and

1028
00:41:05,000 --> 00:41:08,920
Speaker 5: cared for Yes, because Bali is a place where this

1029
00:41:08,960 --> 00:41:11,279
Speaker 5: is a gift that I got there. That like, the

1030
00:41:11,320 --> 00:41:14,480
Speaker 5: Bolanese culture is very much one of a giving to

1031
00:41:14,560 --> 00:41:16,840
Speaker 5: you culture. So I'll give you an example. There was

1032
00:41:16,840 --> 00:41:19,279
Speaker 5: a woman who used to do my laundry every week.

1033
00:41:19,320 --> 00:41:21,720
Speaker 5: It was seven dollars and it was during the pandemic.

1034
00:41:21,760 --> 00:41:23,640
Speaker 5: Still for them, we did one year, they did two years,

1035
00:41:23,719 --> 00:41:25,840
Speaker 5: so they had no tours. She wasn't making any money.

1036
00:41:26,120 --> 00:41:28,239
Speaker 5: So I was like, here's twenty and she was like,

1037
00:41:28,239 --> 00:41:29,799
Speaker 5: she would always give me my change. And I thought

1038
00:41:29,800 --> 00:41:31,560
Speaker 5: it was maybe like a language barrier, so I like

1039
00:41:31,560 --> 00:41:33,640
Speaker 5: put it on my phone translate. I was like no,

1040
00:41:34,280 --> 00:41:36,440
Speaker 5: and she says she wrote back, was like it's seven.

1041
00:41:37,040 --> 00:41:39,040
Speaker 5: I'm like yeah, but I'm trying you.

1042
00:41:39,200 --> 00:41:41,000
Speaker 1: She said, if it was twenty, I would take twenty.

1043
00:41:41,239 --> 00:41:44,839
Speaker 5: That's the Balanese culture, right of like, And so I

1044
00:41:44,960 --> 00:41:46,839
Speaker 5: thought I went to Bali to learn how to take

1045
00:41:46,840 --> 00:41:49,080
Speaker 5: care of myself. I realized I went to Bali to

1046
00:41:49,160 --> 00:41:51,800
Speaker 5: learn to let other people take care of me because

1047
00:41:51,840 --> 00:41:55,040
Speaker 5: I'm the ultimate caretaker in my family and my friends.

1048
00:41:55,400 --> 00:41:57,920
Speaker 5: And so I realized that when I came home from Bali,

1049
00:41:58,160 --> 00:41:59,640
Speaker 5: I was still going to be in deep grief and

1050
00:41:59,800 --> 00:42:02,719
Speaker 5: I I needed caretaking. So I got to practice that

1051
00:42:02,840 --> 00:42:06,480
Speaker 5: in Bali of letting people say, no, it's seven, No

1052
00:42:06,600 --> 00:42:08,640
Speaker 5: I cook for you, No, I'll come pick you up.

1053
00:42:08,840 --> 00:42:10,319
Speaker 5: And so I had to kind of like relax, the

1054
00:42:10,360 --> 00:42:11,320
Speaker 5: Tiffany does everything.

1055
00:42:11,840 --> 00:42:14,160
Speaker 4: And so I don't want to find that in this culture,

1056
00:42:14,840 --> 00:42:16,759
Speaker 4: got people take care of you, letting people take care

1057
00:42:16,800 --> 00:42:18,320
Speaker 4: of us, because it's seen as weakness.

1058
00:42:18,560 --> 00:42:20,719
Speaker 1: Yeah, I mean not with the people that care about you.

1059
00:42:21,440 --> 00:42:24,279
Speaker 2: That's true, because sometimes we try not to accept it.

1060
00:42:24,280 --> 00:42:26,200
Speaker 2: But people who really do care about you. I know,

1061
00:42:26,239 --> 00:42:28,520
Speaker 2: even in your book you talk about being the person

1062
00:42:28,560 --> 00:42:31,920
Speaker 2: that's financially responsible for everybody and putting that on ourselves,

1063
00:42:31,960 --> 00:42:33,560
Speaker 2: and sometimes people try to put that on you.

1064
00:42:33,680 --> 00:42:36,160
Speaker 1: Yeah, and I just say that, like you have to

1065
00:42:36,200 --> 00:42:36,840
Speaker 1: allow yourself.

1066
00:42:36,840 --> 00:42:38,799
Speaker 5: Like even before like we got on, you know, like

1067
00:42:38,880 --> 00:42:41,600
Speaker 5: I used to think, like, you know, I would be

1068
00:42:41,640 --> 00:42:43,080
Speaker 5: so afraid that like if I do an interview I

1069
00:42:43,160 --> 00:42:45,239
Speaker 5: talk about Drum, I'm gonna cry. I'm gonna cry. And

1070
00:42:45,280 --> 00:42:48,319
Speaker 5: doctor Greene my therapist was like, so cry right, she says, so.

1071
00:42:48,320 --> 00:42:49,880
Speaker 1: What happens if you cry? Like, well, I don't want

1072
00:42:49,880 --> 00:42:51,000
Speaker 1: people to feel unomfortable that.

1073
00:42:51,000 --> 00:42:54,520
Speaker 5: You're crying because your husband died. Yeah, she was like,

1074
00:42:54,560 --> 00:42:57,160
Speaker 5: so you're mad yourself for being human. No one's gonna

1075
00:42:57,160 --> 00:42:59,920
Speaker 5: be like you lost somebody. You get to feel that,

1076
00:43:00,040 --> 00:43:02,239
Speaker 5: you get to lean into it, like it would be

1077
00:43:02,280 --> 00:43:04,160
Speaker 5: weird if you didn't feel sad about it.

1078
00:43:04,280 --> 00:43:06,160
Speaker 1: Yeah, you know what I mean. Like, no, I think

1079
00:43:06,200 --> 00:43:07,920
Speaker 1: we have to give ourselves the grace and space.

1080
00:43:08,320 --> 00:43:11,360
Speaker 5: Like to me, the money, The mistake that I made

1081
00:43:11,400 --> 00:43:13,440
Speaker 5: and I don't want people to make is that the

1082
00:43:13,520 --> 00:43:14,799
Speaker 5: goal was the money, and then.

1083
00:43:14,719 --> 00:43:17,040
Speaker 1: I said, I'll figure out what life should be according

1084
00:43:17,040 --> 00:43:17,560
Speaker 1: to the money.

1085
00:43:17,960 --> 00:43:20,720
Speaker 5: And now the goal is the life, and the money

1086
00:43:20,760 --> 00:43:22,920
Speaker 5: has to match that. Okay, you know what I mean.

1087
00:43:23,280 --> 00:43:25,120
Speaker 5: So it's like, oh, do you have enough to go

1088
00:43:25,160 --> 00:43:27,520
Speaker 5: on vacation to go or like I don't have to

1089
00:43:27,520 --> 00:43:29,279
Speaker 5: owe a qualifier if I make this much.

1090
00:43:29,320 --> 00:43:30,520
Speaker 1: I'm like, no, no, no, you have enough to do

1091
00:43:30,560 --> 00:43:31,239
Speaker 1: those things now.

1092
00:43:31,719 --> 00:43:33,799
Speaker 5: And so it's like setting the life up and then

1093
00:43:33,800 --> 00:43:35,480
Speaker 5: making the money match, and you will find that you

1094
00:43:35,480 --> 00:43:38,440
Speaker 5: probably have For some people you have more than enough

1095
00:43:38,760 --> 00:43:41,319
Speaker 5: and just pausing and stopping and like like I'm a

1096
00:43:41,320 --> 00:43:44,879
Speaker 5: better daughter, a better sister, a better friend now, you know,

1097
00:43:45,120 --> 00:43:46,920
Speaker 5: like I take more time for myself.

1098
00:43:47,680 --> 00:43:49,279
Speaker 1: I take the full of November off.

1099
00:43:50,480 --> 00:43:52,440
Speaker 5: So don't be afraid to take that time if you

1100
00:43:52,480 --> 00:43:54,560
Speaker 5: need it, you know, like I take November is the

1101
00:43:54,600 --> 00:43:57,960
Speaker 5: month that Drill passed away, and I'm no good in November.

1102
00:43:58,239 --> 00:43:59,600
Speaker 5: And so literally there are people who are like, oh,

1103
00:43:59,680 --> 00:44:01,200
Speaker 5: we'll pay I remember there was a deal. It was

1104
00:44:01,200 --> 00:44:03,520
Speaker 5: one hundred thousand dollars deal. They wanted me to do

1105
00:44:04,040 --> 00:44:07,640
Speaker 5: some like thirty minute speech or whatever. And I was like, no, no,

1106
00:44:07,680 --> 00:44:09,360
Speaker 5: I take November off and they were like, no, no,

1107
00:44:09,360 --> 00:44:11,120
Speaker 5: we'll put you first. It was like seventy five, but

1108
00:44:11,239 --> 00:44:13,840
Speaker 5: you eighty put you one hundred. I said no, I

1109
00:44:13,880 --> 00:44:16,279
Speaker 5: don't you know, because it's mine. Yeah, And they just

1110
00:44:16,280 --> 00:44:17,879
Speaker 5: couldn't believe it. And I was like, that's the month

1111
00:44:17,880 --> 00:44:19,560
Speaker 5: that my husband died and I'm going to be on

1112
00:44:19,560 --> 00:44:21,719
Speaker 5: that stage. Boohoo, that's what you want? Or dead in

1113
00:44:21,719 --> 00:44:22,480
Speaker 5: their eyes like what.

1114
00:44:22,440 --> 00:44:24,120
Speaker 1: Do you like? What do you want me to? You know?

1115
00:44:24,160 --> 00:44:26,879
Speaker 5: And so everyone knows. Now you get to set the boundary.

1116
00:44:27,000 --> 00:44:28,640
Speaker 5: And what I like about it is that people come

1117
00:44:28,640 --> 00:44:31,040
Speaker 5: back and say when my mom, dad, or my sister

1118
00:44:31,080 --> 00:44:33,680
Speaker 5: or my brother whatever, I didn't take the time, and

1119
00:44:33,760 --> 00:44:36,799
Speaker 5: you you staying firm in that with me. Tiffany told

1120
00:44:36,840 --> 00:44:38,960
Speaker 5: me that, like, I need to stay firm for myself too.

1121
00:44:38,840 --> 00:44:40,719
Speaker 2: Because that's one thing that none of us are ever

1122
00:44:40,760 --> 00:44:42,600
Speaker 2: going to be able to run from, is that there

1123
00:44:42,680 --> 00:44:44,440
Speaker 2: is going to be grief in our lives.

1124
00:44:44,600 --> 00:44:48,200
Speaker 5: It's the most common, uncommon thing. Everyone dies. We know this,

1125
00:44:48,239 --> 00:44:50,719
Speaker 5: but you feel like not my people, right, Yes, Oh.

1126
00:44:50,640 --> 00:44:51,759
Speaker 4: It's going to happen to us too.

1127
00:44:52,160 --> 00:44:54,200
Speaker 3: Well, that's why it is so important.

1128
00:44:54,200 --> 00:44:56,360
Speaker 5: Oh yeah, I stay when I tell you so. Like

1129
00:44:56,400 --> 00:44:58,719
Speaker 5: the last chapter in this book, yep, Like Jiro was

1130
00:44:58,719 --> 00:45:00,920
Speaker 5: alive when this book came out. It came twenty twenty one,

1131
00:45:01,400 --> 00:45:03,840
Speaker 5: in March of twenty twenty one, and he died in

1132
00:45:03,880 --> 00:45:05,040
Speaker 5: November of twenty twenty one.

1133
00:45:04,960 --> 00:45:05,960
Speaker 4: So he got twenty twenty one.

1134
00:45:06,000 --> 00:45:09,759
Speaker 5: He passed, and so and so the estate planning chapter,

1135
00:45:09,760 --> 00:45:12,000
Speaker 5: you now, I was writing it, but now I'm living it.

1136
00:45:12,040 --> 00:45:16,960
Speaker 5: I'm like, okay, and so your beneficiaries, Man, let me

1137
00:45:16,960 --> 00:45:17,560
Speaker 5: tell you something.

1138
00:45:18,080 --> 00:45:21,000
Speaker 1: I'm not gonna talk about business, but that beneficiaries component.

1139
00:45:21,239 --> 00:45:23,200
Speaker 5: It don't matter what your will say, it don't matter

1140
00:45:23,239 --> 00:45:26,399
Speaker 5: what nothing else says the beneficial, you could say the beneficiary.

1141
00:45:26,400 --> 00:45:28,200
Speaker 5: If it says it goes to the dog, I don't

1142
00:45:28,200 --> 00:45:29,680
Speaker 5: go to catch you hat. It's going to the dog.

1143
00:45:29,960 --> 00:45:32,239
Speaker 4: There's a lot of happy ex wives out there, yes,

1144
00:45:32,280 --> 00:45:33,839
Speaker 4: because I didn't go back and cheating.

1145
00:45:34,520 --> 00:45:37,400
Speaker 5: So if you are married or partner, whatever, you can

1146
00:45:37,440 --> 00:45:39,640
Speaker 5: hear this out of my voice. Check your beneficiaries on

1147
00:45:39,640 --> 00:45:42,359
Speaker 5: your life insurance policies. If you have a pension, some

1148
00:45:42,400 --> 00:45:44,239
Speaker 5: bank accounts will allow you to do that. Make sure

1149
00:45:44,239 --> 00:45:46,919
Speaker 5: your partners is up to date. Because if it says

1150
00:45:46,960 --> 00:45:49,880
Speaker 5: the ex wife, I don't care if that lady they've

1151
00:45:49,920 --> 00:45:51,680
Speaker 5: been divorced fifty years, it's gonna go to her no

1152
00:45:51,760 --> 00:45:54,880
Speaker 5: matter what. Yeah, that's one. And then understanding the difference

1153
00:45:54,880 --> 00:45:57,320
Speaker 5: between a will and the trust, so it will. Essentially,

1154
00:45:57,360 --> 00:45:59,600
Speaker 5: this is what Tony, my attorney, Tony Moore, she's amazing,

1155
00:46:00,480 --> 00:46:03,319
Speaker 5: told me that like a will basically tells people what

1156
00:46:03,400 --> 00:46:05,480
Speaker 5: to do with your stuff about six months up to

1157
00:46:05,520 --> 00:46:08,960
Speaker 5: six months after you've passed away, so short term planning, right,

1158
00:46:09,239 --> 00:46:10,040
Speaker 5: a trust.

1159
00:46:09,719 --> 00:46:11,080
Speaker 1: You could do years into the future.

1160
00:46:11,560 --> 00:46:14,839
Speaker 5: So a will might say to my sister, I give

1161
00:46:14,880 --> 00:46:17,200
Speaker 5: her my favorite necklace, blah blah blah, a trust is

1162
00:46:17,520 --> 00:46:21,840
Speaker 5: my businesses. How my houses are in the trust. A

1163
00:46:21,880 --> 00:46:25,440
Speaker 5: trust is like a person that never passes away, so

1164
00:46:25,520 --> 00:46:30,040
Speaker 5: it helps sometimes with transferring of wealth. So most of

1165
00:46:30,040 --> 00:46:32,319
Speaker 5: my wealth is in a trust. So the trust has

1166
00:46:32,360 --> 00:46:35,719
Speaker 5: already inherited. And so my sisters now, because I'm not

1167
00:46:36,160 --> 00:46:40,520
Speaker 5: married anymore, my sisters now are beneficiaries of the trust.

1168
00:46:40,760 --> 00:46:44,080
Speaker 5: So they're not gonna inherit. They're just beneficiaries of something

1169
00:46:44,120 --> 00:46:47,400
Speaker 5: that already owns my things. Now, that makes sense, and

1170
00:46:47,440 --> 00:46:50,920
Speaker 5: so it helps with the transferring of wealth. And then

1171
00:46:50,960 --> 00:46:53,000
Speaker 5: what I did was to extra make sure just in

1172
00:46:53,040 --> 00:46:55,399
Speaker 5: case it's something I always say, like my sister's closer years,

1173
00:46:55,400 --> 00:46:56,360
Speaker 5: because there's a lot of money.

1174
00:46:56,280 --> 00:46:58,040
Speaker 1: Like if I end up not being here, we know

1175
00:46:58,080 --> 00:46:58,480
Speaker 1: you did it.

1176
00:46:58,560 --> 00:47:01,520
Speaker 5: So I have I have like five million dollars worth

1177
00:47:01,520 --> 00:47:04,719
Speaker 5: of because in the room five million dollars worth of

1178
00:47:04,920 --> 00:47:08,160
Speaker 5: life insurance policy. So that way it would cover any

1179
00:47:08,800 --> 00:47:10,719
Speaker 5: and the trust is the beneficiary of.

1180
00:47:10,760 --> 00:47:12,839
Speaker 1: Right, so if there's any any extra like.

1181
00:47:12,800 --> 00:47:15,200
Speaker 5: Oh, we forgot about this, it's like, okay, five million

1182
00:47:15,239 --> 00:47:16,160
Speaker 5: dollars should cover DC.

1183
00:47:16,719 --> 00:47:18,720
Speaker 1: So because Durrell's.

1184
00:47:18,840 --> 00:47:20,720
Speaker 4: These guys are going to walk in with the check today.

1185
00:47:20,920 --> 00:47:24,399
Speaker 5: Yes, So what I really love is that? So I

1186
00:47:24,560 --> 00:47:28,439
Speaker 5: Darrell left basically like between myself and my bonus daughter

1187
00:47:28,640 --> 00:47:31,040
Speaker 5: Alyssa nearly seven figures. You know, that's why I bought

1188
00:47:31,040 --> 00:47:34,239
Speaker 5: the condom. We were talking about earlier cash and like

1189
00:47:34,520 --> 00:47:37,040
Speaker 5: this man never made over sixty thousand dollars a year. Wow,

1190
00:47:37,239 --> 00:47:40,040
Speaker 5: And so this is pension life insurance policies. He was

1191
00:47:40,040 --> 00:47:42,879
Speaker 5: really big on that. And I tell people all the time,

1192
00:47:42,880 --> 00:47:44,120
Speaker 5: you don't have to make a lot to make sure

1193
00:47:44,239 --> 00:47:47,239
Speaker 5: your family is okay. And because I have friends who

1194
00:47:47,320 --> 00:47:50,240
Speaker 5: lost their husband and their house. But because he planned

1195
00:47:50,280 --> 00:47:52,520
Speaker 5: in this way, even though he passed away at forty

1196
00:47:52,560 --> 00:47:55,839
Speaker 5: one suddenly from my aneurism and meant I could just

1197
00:47:55,920 --> 00:47:57,839
Speaker 5: miss him, you know what I mean?

1198
00:47:58,080 --> 00:47:59,799
Speaker 4: You have to Oh, that's the worst time to go

1199
00:47:59,840 --> 00:48:00,719
Speaker 4: through all the things.

1200
00:48:00,760 --> 00:48:02,960
Speaker 5: Can you imagine that you lose your person, then you're

1201
00:48:03,000 --> 00:48:05,839
Speaker 5: like their car? How am I gonna pay the bill?

1202
00:48:06,000 --> 00:48:07,399
Speaker 5: None of that was a was.

1203
00:48:07,320 --> 00:48:09,839
Speaker 4: A Many of us are well a well intentioned. I

1204
00:48:09,840 --> 00:48:11,600
Speaker 4: want to leave a legacy for my family and we

1205
00:48:11,640 --> 00:48:15,000
Speaker 4: work hard. It just it all falls apart, just that quickly.

1206
00:48:15,360 --> 00:48:17,440
Speaker 5: But if you have these things in place, and we

1207
00:48:17,480 --> 00:48:19,160
Speaker 5: had eighty percent of the things in place because we

1208
00:48:19,200 --> 00:48:21,879
Speaker 5: work with a financial advisor. We had eighty percent, so

1209
00:48:21,960 --> 00:48:26,879
Speaker 5: it allowed us to, like, like I remember Alyssa, my

1210
00:48:26,880 --> 00:48:29,880
Speaker 5: my bonus daughter. She was fifteen, so her sweet sixteen

1211
00:48:30,000 --> 00:48:33,799
Speaker 5: paid for you know, her first car. I was able

1212
00:48:33,840 --> 00:48:35,319
Speaker 5: to because I had his car and I had my car,

1213
00:48:35,360 --> 00:48:37,400
Speaker 5: and I was, I don't need both of these cars.

1214
00:48:37,640 --> 00:48:41,680
Speaker 5: And so I used his car because someone actually hit it.

1215
00:48:41,680 --> 00:48:43,920
Speaker 5: So I got all this insurance money for it and

1216
00:48:43,960 --> 00:48:44,520
Speaker 5: I used it to.

1217
00:48:44,440 --> 00:48:45,640
Speaker 1: Buy her car. So I was like, it's like your

1218
00:48:45,719 --> 00:48:46,520
Speaker 1: dad bought you this car.

1219
00:48:46,640 --> 00:48:48,120
Speaker 5: That is so I told her I was gonna let

1220
00:48:48,160 --> 00:48:49,239
Speaker 5: her have his car, but I was like, it's not

1221
00:48:49,320 --> 00:48:51,719
Speaker 5: drivable now listen, but he still got you his car.

1222
00:48:52,160 --> 00:48:55,160
Speaker 5: She's in school now covered, you know, she has large,

1223
00:48:55,200 --> 00:48:59,120
Speaker 5: amazing largely she's got a lot of like scholarships and

1224
00:48:59,160 --> 00:49:01,320
Speaker 5: things and stuff. But there is like where there's a

1225
00:49:01,800 --> 00:49:04,800
Speaker 5: whole insurance money covers.

1226
00:49:04,360 --> 00:49:04,600
Speaker 1: You know.

1227
00:49:05,120 --> 00:49:09,879
Speaker 5: And also two we had two homes. One I kept

1228
00:49:09,880 --> 00:49:12,120
Speaker 5: the other one. I told her, I don't really want

1229
00:49:12,160 --> 00:49:13,879
Speaker 5: to be a landlord, but I will for you because

1230
00:49:13,920 --> 00:49:16,160
Speaker 5: I love you. But ideally I would love if we

1231
00:49:16,200 --> 00:49:19,960
Speaker 5: could sell this second house to his twin brother. Terrell

1232
00:49:20,080 --> 00:49:23,040
Speaker 5: Durell really wanted Terrell to be a homeowner too. And

1233
00:49:23,080 --> 00:49:24,839
Speaker 5: I say, if we could sell it to Terrell, I'll

1234
00:49:24,840 --> 00:49:26,839
Speaker 5: sell it for market raid and then I'll take all

1235
00:49:26,880 --> 00:49:28,759
Speaker 5: that money and I'll set aside for you and put

1236
00:49:28,800 --> 00:49:32,920
Speaker 5: it in a custodial account and let it grow. It's invested.

1237
00:49:33,239 --> 00:49:35,880
Speaker 5: And she said, okay, So now Durell provided two homes.

1238
00:49:36,320 --> 00:49:39,160
Speaker 5: Lissa's money has grown by like twenty five percent.

1239
00:49:39,239 --> 00:49:39,840
Speaker 1: That's amazing.

1240
00:49:40,000 --> 00:49:42,759
Speaker 5: And Terrell has his home and like he was born

1241
00:49:42,760 --> 00:49:43,960
Speaker 5: and raised in Newark, I'm like, you need to own

1242
00:49:43,960 --> 00:49:46,400
Speaker 5: a piece of Newark. And where he lives, they're building

1243
00:49:46,440 --> 00:49:50,440
Speaker 5: like this big studio, Lionsgate Studio not far from thee

1244
00:49:50,960 --> 00:49:53,279
Speaker 5: So yes, it's the way he paid for is going

1245
00:49:53,360 --> 00:49:56,120
Speaker 5: to like you know, just increase dramatically, and so he

1246
00:49:56,160 --> 00:49:57,520
Speaker 5: gets to build generational wealth.

1247
00:49:57,719 --> 00:49:59,839
Speaker 1: Like look what one man's choice.

1248
00:49:59,640 --> 00:50:05,160
Speaker 2: Is choices, having the right person that was able to

1249
00:50:05,200 --> 00:50:07,399
Speaker 2: also execute all of that, because we see a lot

1250
00:50:07,400 --> 00:50:11,640
Speaker 2: of families arguing, falling apart over who's getting what, who's

1251
00:50:11,640 --> 00:50:14,719
Speaker 2: doing this One persons being selfish And I think that's

1252
00:50:14,760 --> 00:50:18,200
Speaker 2: amazing too to have somebody like yourself that is like, okay,

1253
00:50:18,320 --> 00:50:20,799
Speaker 2: we have these options, how can we He.

1254
00:50:20,760 --> 00:50:22,480
Speaker 5: Had done a lot of stuff before we got together.

1255
00:50:23,080 --> 00:50:24,719
Speaker 5: I was like, well, Dad, you know what I mean.

1256
00:50:24,719 --> 00:50:26,279
Speaker 5: He had policy right.

1257
00:50:26,640 --> 00:50:29,279
Speaker 2: But he's even also making sure you're you know, yes,

1258
00:50:29,520 --> 00:50:32,080
Speaker 2: you have to make sure yes afterword, to make sure

1259
00:50:32,120 --> 00:50:35,160
Speaker 2: that everybody is taking There are situations where we see

1260
00:50:35,200 --> 00:50:36,800
Speaker 2: people like this is my mind.

1261
00:50:36,600 --> 00:50:38,239
Speaker 5: No matter what it's like, even though you know where

1262
00:50:38,280 --> 00:50:41,080
Speaker 5: his best part. Well, that's why it can't just be

1263
00:50:41,320 --> 00:50:43,480
Speaker 5: this is what he said. There has to be something

1264
00:50:43,520 --> 00:50:46,799
Speaker 5: people wanted to so locking things in place, like it

1265
00:50:46,800 --> 00:50:49,279
Speaker 5: doesn't matter because the beneficiary says this, there's nothing you

1266
00:50:49,280 --> 00:50:49,839
Speaker 5: can really do.

1267
00:50:50,160 --> 00:50:51,959
Speaker 1: It doesn't matter because it's inside the trust.

1268
00:50:52,040 --> 00:50:54,879
Speaker 4: Even if yeah, hear this, even if somebody has a will,

1269
00:50:55,000 --> 00:50:57,520
Speaker 4: you're four oh one, k you left the beneficiary to

1270
00:50:57,640 --> 00:51:01,359
Speaker 4: your cousins. Yes, you have kids later, it doesn't change that. Then.

1271
00:51:01,560 --> 00:51:04,520
Speaker 5: I remember when Kobe passed away, he had a baby.

1272
00:51:04,600 --> 00:51:07,239
Speaker 5: The baby wasn't one years old yet, I remember, and

1273
00:51:07,520 --> 00:51:09,880
Speaker 5: he had they had to petition because of course Vanessa

1274
00:51:09,960 --> 00:51:12,080
Speaker 5: new of course he wants the baby. But what they

1275
00:51:12,160 --> 00:51:14,160
Speaker 5: used to do is their thing was when the baby

1276
00:51:14,160 --> 00:51:16,520
Speaker 5: turned one, they added the baby onto all the like.

1277
00:51:16,520 --> 00:51:18,719
Speaker 5: So because Kobe had had many children, three children, was

1278
00:51:18,800 --> 00:51:21,360
Speaker 5: it he had his daughters.

1279
00:51:20,760 --> 00:51:24,160
Speaker 1: Another one that passed away.

1280
00:51:24,239 --> 00:51:26,040
Speaker 5: Yeah, so at the time, I believe he had like

1281
00:51:26,080 --> 00:51:28,440
Speaker 5: a baby that wasn't quite one yet, so they had

1282
00:51:28,480 --> 00:51:29,320
Speaker 5: not been added.

1283
00:51:29,080 --> 00:51:30,799
Speaker 1: To all the things that he left.

1284
00:51:31,040 --> 00:51:33,400
Speaker 5: But thankfully the court understood, like there's no way this

1285
00:51:33,440 --> 00:51:37,480
Speaker 5: man would have said, I'm not gonna you know. But still,

1286
00:51:37,560 --> 00:51:39,120
Speaker 5: you know what I mean, what if there was somebody

1287
00:51:39,120 --> 00:51:41,560
Speaker 5: who was like, that's not a problem. Yeah, daddy forgot

1288
00:51:41,560 --> 00:51:42,920
Speaker 5: to add you on. That's not a problem.

1289
00:51:43,040 --> 00:51:44,840
Speaker 1: Yeah, because the law is the law, you know.

1290
00:51:45,400 --> 00:51:48,000
Speaker 5: And so but so inside, like I said, the last

1291
00:51:48,080 --> 00:51:51,319
Speaker 5: chapter of State Planning, I walk you through all the

1292
00:51:51,360 --> 00:51:53,680
Speaker 5: things you're gonna need for a state planning you know,

1293
00:51:53,840 --> 00:51:56,480
Speaker 5: like how to find a state planning attorney, because some

1294
00:51:56,480 --> 00:52:01,120
Speaker 5: things you just don't want to do by yourself. So, Tony,

1295
00:52:01,239 --> 00:52:03,840
Speaker 5: my attorney and I interviewed a lot of experts for

1296
00:52:03,880 --> 00:52:04,279
Speaker 5: this book.

1297
00:52:04,360 --> 00:52:07,080
Speaker 1: Like, so if I interviewed an expert, you'll see I'll say,

1298
00:52:07,120 --> 00:52:08,080
Speaker 1: this is the expert that.

1299
00:52:08,040 --> 00:52:11,840
Speaker 5: I leaned into because I'm a United States Yeah, so

1300
00:52:11,840 --> 00:52:13,880
Speaker 5: I want to make sure. So she was like, so,

1301
00:52:13,920 --> 00:52:15,880
Speaker 5: I said, well, once should people start thinking about a trust?

1302
00:52:15,960 --> 00:52:19,640
Speaker 5: She said, when you have about five hundred thousand dollars

1303
00:52:19,760 --> 00:52:22,480
Speaker 5: like a net worth in that range. But quite honestly,

1304
00:52:22,520 --> 00:52:24,080
Speaker 5: that's a house in New Jersey, and that's a shack

1305
00:52:24,239 --> 00:52:27,000
Speaker 5: in California, you know. And I said, but she said,

1306
00:52:27,000 --> 00:52:28,520
Speaker 5: definitely by the time you get to like a million

1307
00:52:28,560 --> 00:52:30,920
Speaker 5: dollars worth of which honestly could be a house in

1308
00:52:30,920 --> 00:52:33,920
Speaker 5: New Jersey, right right, and a nicer shack in California,

1309
00:52:34,200 --> 00:52:36,000
Speaker 5: you know what I mean. And so that just means

1310
00:52:36,000 --> 00:52:38,600
Speaker 5: because like California, for example, if I'm not mistaken, the

1311
00:52:38,600 --> 00:52:41,120
Speaker 5: death tax is like fifty percent. This is why by

1312
00:52:41,200 --> 00:52:43,560
Speaker 5: these sells Grandma's house. Grandma bought the house for one

1313
00:52:43,640 --> 00:52:47,040
Speaker 5: hundred thousand dollars when she was twenty five, you know,

1314
00:52:47,520 --> 00:52:50,120
Speaker 5: and now she passes away at ninety five, that one

1315
00:52:50,200 --> 00:52:53,359
Speaker 5: hundred thousand dollars house is now worth eight hundred, nine

1316
00:52:53,440 --> 00:52:57,080
Speaker 5: hundred whatever thousand, And it sounds great, But then you

1317
00:52:57,160 --> 00:53:00,120
Speaker 5: inherit it and they're like, yeah, run me, my, the

1318
00:53:00,200 --> 00:53:02,759
Speaker 5: taxes on that money you've inherited. And you're like, I

1319
00:53:02,760 --> 00:53:05,080
Speaker 5: don't have three hundred thousand dollars. So then you end

1320
00:53:05,160 --> 00:53:06,000
Speaker 5: up selling this.

1321
00:53:06,160 --> 00:53:07,520
Speaker 1: Disspectful you know.

1322
00:53:08,120 --> 00:53:11,680
Speaker 3: So if you don't, then yeah, in the kid's name.

1323
00:53:11,800 --> 00:53:14,000
Speaker 5: No, they say Actually I don't agree. I think honestly,

1324
00:53:14,080 --> 00:53:14,840
Speaker 5: in the trust.

1325
00:53:14,719 --> 00:53:17,800
Speaker 2: Yeah, put it in the trust. In the trust because

1326
00:53:17,800 --> 00:53:19,160
Speaker 2: in that way they just beneficiary.

1327
00:53:19,360 --> 00:53:19,960
Speaker 1: Yeah trust.

1328
00:53:20,000 --> 00:53:22,000
Speaker 5: Yeah, they're not inheriting those things. Like I said, you

1329
00:53:22,000 --> 00:53:23,839
Speaker 5: want to talk talk to a state planning attorney. Don't

1330
00:53:23,880 --> 00:53:28,600
Speaker 5: we fulfilled estate planning attorneys. If I got it wrong, that's.

1331
00:53:28,440 --> 00:53:28,920
Speaker 1: Totally you know.

1332
00:53:29,760 --> 00:53:32,080
Speaker 4: I noticed both my parents had spent a lot of

1333
00:53:32,080 --> 00:53:34,799
Speaker 4: time in nursing homes at the end of or also

1334
00:53:35,239 --> 00:53:36,880
Speaker 4: at home care, all sorts of care at the end.

1335
00:53:37,480 --> 00:53:39,600
Speaker 4: And I remember being at a nursing home once and

1336
00:53:39,640 --> 00:53:41,799
Speaker 4: just watching this woman cry because she was about to

1337
00:53:41,800 --> 00:53:44,600
Speaker 4: lose her house because they have to spend down all

1338
00:53:44,640 --> 00:53:45,280
Speaker 4: your assets.

1339
00:53:45,520 --> 00:53:46,160
Speaker 1: Yeah, they do.

1340
00:53:46,440 --> 00:53:49,200
Speaker 4: And I remember, and my attorney explained to me, it's

1341
00:53:49,280 --> 00:53:51,160
Speaker 4: like if that if they would have put that house

1342
00:53:51,200 --> 00:53:54,080
Speaker 4: in their kid's name, or if they would have not

1343
00:53:54,160 --> 00:53:57,279
Speaker 4: been married, they would have just been her husband's stuff

1344
00:53:57,320 --> 00:53:59,759
Speaker 4: they went after. But since everything's jointly in their names

1345
00:53:59,760 --> 00:54:02,239
Speaker 4: to get you know, you lose everything too.

1346
00:54:02,400 --> 00:54:03,359
Speaker 1: Honestly, this is why.

1347
00:54:03,480 --> 00:54:05,719
Speaker 5: So I think it's like either the third or last

1348
00:54:05,800 --> 00:54:09,520
Speaker 5: chapter in the book is all about finding your financial team.

1349
00:54:09,600 --> 00:54:12,959
Speaker 5: Money is a team sport different.

1350
00:54:12,680 --> 00:54:14,600
Speaker 3: Yeah, and protecting your assets.

1351
00:54:14,719 --> 00:54:17,719
Speaker 5: Yes, hey, so you tell me this attorney and so

1352
00:54:17,760 --> 00:54:19,440
Speaker 5: you want to So I had like a dream team.

1353
00:54:19,719 --> 00:54:22,800
Speaker 5: So I have Angelie, who was my who is my

1354
00:54:22,800 --> 00:54:25,920
Speaker 5: my certified financial planner. It's a type of financial advisor,

1355
00:54:26,000 --> 00:54:29,320
Speaker 5: So financial advisors like say, I'm a teacher, certified financial planner.

1356
00:54:29,560 --> 00:54:33,520
Speaker 5: I have my doctorate in teaching essentially. So I had Angelie, right,

1357
00:54:33,560 --> 00:54:36,400
Speaker 5: and then I had my accountant, you know, so she

1358
00:54:36,480 --> 00:54:37,479
Speaker 5: was also on a team all.

1359
00:54:37,400 --> 00:54:38,279
Speaker 1: Women, you know.

1360
00:54:38,360 --> 00:54:41,640
Speaker 5: And then I have Tony, who was my attorney, and

1361
00:54:41,719 --> 00:54:45,360
Speaker 5: so collectively, even now, there are times when we're making decisions,

1362
00:54:45,400 --> 00:54:48,520
Speaker 5: and then I have my financial director of the Budgeanista.

1363
00:54:48,680 --> 00:54:51,280
Speaker 5: So there are times when we're making decisions and all

1364
00:54:51,400 --> 00:54:53,560
Speaker 5: these women are sitting there and I'm like, look at this,

1365
00:54:54,480 --> 00:54:57,239
Speaker 5: and they're like, actually, we think, Tiffany, you know, let's

1366
00:54:57,280 --> 00:55:01,080
Speaker 5: switch over to this account because this is gonna work bad.

1367
00:55:01,120 --> 00:55:06,000
Speaker 1: So everyone's giving their two cents and they collectively different.

1368
00:55:06,040 --> 00:55:09,480
Speaker 5: Yeah, yes, exactly different, because the account is like, well,

1369
00:55:09,480 --> 00:55:12,120
Speaker 5: if you do that, she's gonna have to pay this. Well, honestly,

1370
00:55:12,120 --> 00:55:14,479
Speaker 5: I know Tiffany wants to have this level of wealth

1371
00:55:14,480 --> 00:55:16,840
Speaker 5: by fifty, so we should do this and Georgia's like, well,

1372
00:55:16,880 --> 00:55:19,680
Speaker 5: I could pay her more from this way. So Georgia's

1373
00:55:19,680 --> 00:55:23,600
Speaker 5: my my my financial director. So I it's important that

1374
00:55:23,640 --> 00:55:25,600
Speaker 5: you have. You don't have to have all those people.

1375
00:55:25,600 --> 00:55:29,080
Speaker 5: It's because I think wanted accountability partner no matter what,

1376
00:55:29,680 --> 00:55:31,640
Speaker 5: and you might want to at least consider. And I

1377
00:55:31,719 --> 00:55:33,640
Speaker 5: show you in the book how to find the right

1378
00:55:34,120 --> 00:55:37,440
Speaker 5: certified financial planner, because sometimes you can literally just pay

1379
00:55:37,719 --> 00:55:39,680
Speaker 5: one hundred and fifty to three hundred dollars and not

1380
00:55:39,760 --> 00:55:43,560
Speaker 5: a month for like a one session and this where yes,

1381
00:55:43,640 --> 00:55:47,000
Speaker 5: and from that yes, and be like Okay, this is

1382
00:55:47,040 --> 00:55:48,439
Speaker 5: what I need to do. This is where I am.

1383
00:55:48,760 --> 00:55:50,160
Speaker 5: And so people think like, oh, I have to pay

1384
00:55:50,239 --> 00:55:52,640
Speaker 5: hundreds of dollars a month. No, you can have a

1385
00:55:52,640 --> 00:55:55,400
Speaker 5: session like a one of my friends uses her financial

1386
00:55:55,440 --> 00:55:58,480
Speaker 5: advisor with her husband as a tie breaker, so like

1387
00:55:58,520 --> 00:55:59,880
Speaker 5: once or twice a year, like he'll want to.

1388
00:55:59,840 --> 00:56:01,320
Speaker 1: Get a rolelex and she's like, no, we need to

1389
00:56:01,360 --> 00:56:02,399
Speaker 1: get a minivan for the kids.

1390
00:56:02,400 --> 00:56:05,840
Speaker 2: And he's like yeah and so like so she's like,

1391
00:56:06,000 --> 00:56:08,840
Speaker 2: let the planner is gonna say the planner told the

1392
00:56:08,840 --> 00:56:11,719
Speaker 2: planner like Rolex, the planner said you don't have enough.

1393
00:56:12,760 --> 00:56:16,920
Speaker 1: Relax No, But also too, because she looks.

1394
00:56:16,760 --> 00:56:19,719
Speaker 5: She's like, looking at your finances, you have enough for

1395
00:56:19,800 --> 00:56:22,000
Speaker 5: all of these things, and you can get the minivan.

1396
00:56:22,160 --> 00:56:23,880
Speaker 5: But he doesn't actually have to not say yes to

1397
00:56:23,920 --> 00:56:25,640
Speaker 5: the roles if you one thing, if you guys didn't

1398
00:56:25,640 --> 00:56:25,920
Speaker 5: have it.

1399
00:56:26,080 --> 00:56:29,440
Speaker 1: So that's what it's nice. Okay, yeah, financially, you know.

1400
00:56:29,560 --> 00:56:32,200
Speaker 1: So I was. I know she was so mad.

1401
00:56:33,600 --> 00:56:36,600
Speaker 3: Les appreciates relations down right now.

1402
00:56:36,560 --> 00:56:40,000
Speaker 1: That's exactly what That's exactly what he said. Yeah, he's

1403
00:56:40,040 --> 00:56:45,440
Speaker 1: a role to appreciate that man, But is he gonna

1404
00:56:45,440 --> 00:56:46,720
Speaker 1: sell it? Okay?

1405
00:56:46,960 --> 00:56:49,440
Speaker 2: Well, thank you so much, Tiffany. It's always so much

1406
00:56:49,440 --> 00:56:50,399
Speaker 2: fun when you come up here.

1407
00:56:50,560 --> 00:56:51,920
Speaker 1: Now come back soon. We love it.

1408
00:56:51,960 --> 00:56:54,759
Speaker 2: The budgets. You know, I'm coming to your house. I

1409
00:56:54,760 --> 00:56:56,000
Speaker 2: want to see you have to come.

1410
00:56:56,239 --> 00:56:58,239
Speaker 1: You're gonna be wild. I'm not gonna lie. I looked

1411
00:56:58,280 --> 00:56:58,480
Speaker 1: at that.

1412
00:56:58,600 --> 00:57:00,800
Speaker 3: I saw, like the.

1413
00:57:00,160 --> 00:57:01,680
Speaker 1: Video that you posted online.

1414
00:57:01,719 --> 00:57:05,000
Speaker 3: It looks amazing. I love colors and the decor.

1415
00:57:05,400 --> 00:57:08,120
Speaker 5: I have to shout out to remain homes. She's my

1416
00:57:08,320 --> 00:57:11,080
Speaker 5: She's designed every house that I've had where I'm working

1417
00:57:11,080 --> 00:57:13,440
Speaker 5: on two now that she's doing, and she is. She

1418
00:57:14,239 --> 00:57:17,720
Speaker 5: is such an amazing designer. I told her, I said, I.

1419
00:57:17,680 --> 00:57:19,240
Speaker 1: Want people to walk in here and say, a rich

1420
00:57:19,360 --> 00:57:20,320
Speaker 1: black woman lives here.

1421
00:57:20,360 --> 00:57:23,000
Speaker 3: Oh, I need her information. It's very hard to find

1422
00:57:23,000 --> 00:57:23,520
Speaker 3: a good interior.

1423
00:57:23,800 --> 00:57:24,840
Speaker 1: I mean I know.

1424
00:57:25,160 --> 00:57:27,000
Speaker 5: And so she's such as that the way she whips

1425
00:57:27,040 --> 00:57:28,080
Speaker 5: the contracts is together.

1426
00:57:28,360 --> 00:57:30,400
Speaker 1: Yeah, I mean she's she's short. But I'm like, I

1427
00:57:30,400 --> 00:57:34,680
Speaker 1: know that scared you, Rianna. Okay, well I love it.

1428
00:57:34,760 --> 00:57:36,520
Speaker 2: But thank you, yes, and thank you for all this

1429
00:57:36,600 --> 00:57:38,440
Speaker 2: information you have not already.

1430
00:57:38,040 --> 00:57:40,640
Speaker 5: Gotten Gicking with money available were books are sold the

1431
00:57:40,640 --> 00:57:43,880
Speaker 5: paperback version so it's cheaper, and that Get Good with

1432
00:57:44,000 --> 00:57:44,640
Speaker 5: Money dot com.

1433
00:57:44,720 --> 00:57:46,000
Speaker 3: Let's get financially whole.

1434
00:57:46,160 --> 00:57:49,040
Speaker 4: Get good with money. Thank you so much, Budgetista. Happy

1435
00:57:49,040 --> 00:57:51,080
Speaker 4: Wealth Wednesdays, everybody,