Speaker 1: Hey, Hey, so I think I have the palu.
Speaker 2: Oh no, not you too.
Speaker 1: Oh before vacations, I'm like, I'm supposed to be leaving
Speaker 1: We're Australia tomorrow. And I'm like, oh my gosh, I'm
Speaker 1: like sweating coffee, sneezing. I feel terrible.
Speaker 2: You didn't look that. You didn't look at all sick
Speaker 2: last night.
Speaker 1: I didn't feel it. Honestly, when we hung out last night,
Speaker 1: I was fine. Honestly. I woke up today. I was like, oh,
Speaker 1: a little sneeze and another sneeze, and I'm like, wait,
Speaker 1: are you feel sneeze five times in a row?
Speaker 2: Oh?
Speaker 1: No? Sorry? It declined from there and I'm like, oh
Speaker 1: my god, I have not even packed. I'm like Drew's like,
Speaker 1: so are you going? I'm like.
Speaker 2: My dad. I called my dad earlier and he has
Speaker 2: the Flutis this season?
Speaker 1: Is that what it is? Probably?
Speaker 2: Oh yeah, I mean this is uh, this is the
Speaker 2: time when it's just starting to spread around. I don't know,
Speaker 2: do you ever get I get? I got the flu
Speaker 2: shot last year and I haven't had the flu, so
Speaker 2: I guess maybe I should do it again. I guess
Speaker 2: it worked. Have you gotten the flu shot?
Speaker 1: I've never gotten the flu shot before.
Speaker 2: You should probably get the flu shot definitely, yeah, I mean,
Speaker 2: I mean, I know it doesn't like cover all the
Speaker 2: types of flus, but yeah, you should definitely get the
Speaker 2: flu shot. And it's not like you can do it anywhere,
Speaker 2: like you can go to CBS Dayne Reid or your
Speaker 2: doctor obviously, I just we would just we just went
Speaker 2: to Dwayne Reid, me and my coworker because my yeah,
Speaker 2: that's what happened last year one of my two of
Speaker 2: my coworkers got the flu and we were like not today,
Speaker 2: and we on our lunch break went to Dwayne Read
Speaker 2: and got the shot. Yeah.
Speaker 1: I heard it makes you get the flu.
Speaker 2: Though I heard, no, it shouldn't. I mean I I
Speaker 2: I actually I experienced that one time. I got the
Speaker 2: flu vaccine, like uh, I forget. It must have been
Speaker 2: like five or six years ago, and I did get
Speaker 2: sick afterward, but like for a day or two I
Speaker 2: had like a head cold. That is like for some
Speaker 2: people that happens. But I think that I don't know.
Speaker 2: Last year, I didn't have any complications. So no, I mean,
Speaker 2: consult your doctor, I guess, but you got it now,
Speaker 2: so I don't know, yeah.
Speaker 1: We'll see.
Speaker 2: I mean, I hopefully I know what doctor Google said,
Speaker 2: so I mean just tea.
Speaker 1: I've been like, I'm gonna like take some night pul
Speaker 1: with me on the plane and so I'm gonna be
Speaker 1: on it for hours and hours and hours anyway, so
Speaker 1: hopefully I can hopefully person next to me you won't
Speaker 1: mind my snoring so that I'm sure I'll be doing
Speaker 1: no But you know, such as life.
Speaker 2: You know, this is how epidemics gets spread. One person
Speaker 2: gets on a plane.
Speaker 1: About flu with me to Australia.
Speaker 2: No.
Speaker 1: Well, so I went to the doctor today and I
Speaker 1: was like wait a minute, because I was like, you
Speaker 1: know what, because you know, we talked about last night,
Speaker 1: how well I always tell y'all that I'm trying to
Speaker 1: get these this baby started, and so this is my
Speaker 1: third doctor. But I wanted, you know, you just kind
Speaker 1: of test doctors out to try to figure out do
Speaker 1: I like this one and I really like this one.
Speaker 1: So I think she's the girl, and so I have
Speaker 1: to get like a full what is that a mammogram?
Speaker 1: What's that sound? What's that thing when they put the
Speaker 1: stuff on your stomach? I usually it's when you have
Speaker 1: a baby. But you can look for other stuff.
Speaker 2: The oh you know that ultrasound goop.
Speaker 1: Yes, the ultrasound. So I have to go for an ultrasound.
Speaker 1: But she said she could tell she felt that. She
Speaker 1: was like, h yes, you have very large fib words.
Speaker 1: She's a tiffany. So apparently firewords are like these fleshy,
Speaker 1: typically benign tumors that are like red like not red,
Speaker 1: but pink like rubbery balls basically that grow in the
Speaker 1: lining of your uterus. So if you think of like
Speaker 1: universe kind of looks like a little girl's head with
Speaker 1: ponytails coming out the side, those are the fallopian tubes,
Speaker 1: I mean. And so the the the fiveboids kind of
Speaker 1: grow on the fleshy part of the head. And so
Speaker 1: she was like that mine are so big that my
Speaker 1: uterus is like the size of someone who's four months pregnant.
Speaker 1: Oh wow, I was. I know. I couldn't believe she
Speaker 1: said four or five months, because remember I kept telling
Speaker 1: you before, it's like I don't always have this little pouch.
Speaker 1: I always have this little pouch. And she was like, yeah,
Speaker 1: this has to be like if you want to have
Speaker 1: a kid, you're gonna have to have surgery and I
Speaker 1: was like, no, So I just want to want to
Speaker 1: give everybody up there because I know there's other women
Speaker 1: who are dealing with five boyds. You guys have like
Speaker 1: messaged me and stuff, and so you know, I just
Speaker 1: was like, you know what, I yeah, she just said,
Speaker 1: you know, because there's not gonna be any room. Basically,
Speaker 1: she's like, sometimes women can have children and five boyds
Speaker 1: because and sometimes also too that the hormones if you're pregnant,
Speaker 1: the five boards actually grow, and she was like, yours
Speaker 1: are significantly big, Tiffany. I think she said anything over
Speaker 1: nine centimeters or something like that. They really tell you
Speaker 1: to have them taken out because you're if not your
Speaker 1: your high, it's your pregnancy is highly likely to end
Speaker 1: in a miscarriage. And of course obviously I don't you know,
Speaker 1: I want that obviously, So just because there's literally no space,
Speaker 1: like if I'm already like there's basically if my fireboards
Speaker 1: are taking up the space of a four month old baby,
Speaker 1: like where does the real baby go? You know?
Speaker 2: Yeah? Yeah, and this is your second opinion, right because
Speaker 2: you had gone third, your third, it's.
Speaker 1: My third because I just said, you know, like I
Speaker 1: because I had gone before and I was just like okay,
Speaker 1: and I gone again. And it was a guy and
Speaker 1: he was like right away, he was like, you need surgery.
Speaker 1: I just did. I felt like it was so abrupt.
Speaker 1: I was like, man, you don't know what you're talking about.
Speaker 1: And so I asked a girlfriend of mine who was like,
Speaker 1: I got a really awesome doctor because she has fibroids.
Speaker 1: And she was like, she's amazing, and so I went
Speaker 1: and honestly, her staff was amazing. Shouts to doctor Parchment
Speaker 1: in Maplewood. She the staff was amazing. Everyone was so
Speaker 1: nice and so like, and her energy was just so great.
Speaker 1: And yeah, she was just like, you know, obviously I
Speaker 1: have to get an ultrasound to see, like what's really happening.
Speaker 1: She's like, but I can feel and I can see
Speaker 1: because literally you can, like if you touch someone just
Speaker 1: like belly, you know you. She's like, if they're big enough,
Speaker 1: you can feel them. She's like, I can feel them.
Speaker 1: She's like, you feel this lump right here, because you
Speaker 1: know you what, it's your body. You don't think about it.
Speaker 1: I'm just like I have a little belly. She's like, nope,
Speaker 1: this right here. Brother was just like, what you know,
Speaker 1: and she was like, literally, it's like she was like, like,
Speaker 1: your unius is supposed to be where you know how
Speaker 1: people have to foop up between your your hu ha
Speaker 1: and your your and your belly button. Sure, that's where
Speaker 1: you that's where your universe is supposed to basically sit.
Speaker 1: And she was like, the five boys are pushing up
Speaker 1: and you're like, it's like past your belly button. And
Speaker 1: I was like, what so, and if five boys are
Speaker 1: typically hereditary, you know, not always, but typically and I
Speaker 1: know I've definitely heard of people like She's like, sometimes
Speaker 1: they're small enough where you can get laser surgery or
Speaker 1: you can shrink them. And but she was like, if
Speaker 1: you're wanting to have a child, you know, I really
Speaker 1: don't see any other option beside surgery. And surgery is
Speaker 1: she does the surgery actually, which I was like, well,
Speaker 1: how many years have you been doing this? She said
Speaker 1: twenty And she said that she she basically is in
Speaker 1: the o R. She said, every week, and this is
Speaker 1: the surgery she does quite often. And she said, honestly,
Speaker 1: the majority of her patients go on to have kids.
Speaker 1: So she was like, you know, I mean, obviously there's
Speaker 1: no guarantee, but she was like, that's you know, And
Speaker 1: I said, okay, So I want to have surgery, which
Speaker 1: I'm like, ash. She said, I'll be out of a
Speaker 1: bishit basically, like especially for the first two weeks, but
Speaker 1: really it's six weeks recovery at home. I said, well, thankfully,
Speaker 1: you know, I basically work from home. She was like, well,
Speaker 1: you know you'll be able to You'll just be home. Yeah,
Speaker 1: And I said, so, I just wanted to give you
Speaker 1: all a update about some real life ish. Wow. So
Speaker 1: what's going on in the woods and.
Speaker 2: My neck of the woods? Al roker, You know, things
Speaker 2: are fine, things are good. It's the end of the month,
Speaker 2: which is like the craziest month at work at work
Speaker 2: for us. But I wanted to talk real quick. I
Speaker 2: read this headline and I couldn't believe it. But I
Speaker 2: actually had a really scary moment, and I'm a little shook.
Speaker 2: I might have agreed with President Trump on something. Ah
Speaker 2: what happened, And I don't know quite what that means
Speaker 2: about me. So what happened was so we all know
Speaker 2: that the Republicans are trying to push through some tax
Speaker 2: reforms like they have failed and failed and failed to
Speaker 2: push through an Obamacare repeal, and this is like their
Speaker 2: last chance before the year ends to like actually do
Speaker 2: something productive with their time. So back in a few
Speaker 2: months ago, I think Trump released his proposal tax for
Speaker 2: the tax changes, and essentially he's you know, calling for
Speaker 2: some tax cuts to the middle class, to basically all
Speaker 2: income brackets, some tax cuts. But his plan was so vague.
Speaker 2: It was basically like just a couple of pages. And
Speaker 2: it's been up to the Republicans in Congress to like
Speaker 2: actually fill in the gaps and come up with a
Speaker 2: way to pay for the tax cuts. Because you know, obviously,
Speaker 2: every all the great public works that we have are
Speaker 2: paid for by taxes, so when you reduce taxes on people,
Speaker 2: you're reducing revenue and anyhow, so the Republicans are at
Speaker 2: work right now going back and forth and like how
Speaker 2: are we going to pay for these tax cuts? And
Speaker 2: apparently there was rumors that they were discussing decreasing the
Speaker 2: amount of money that we can put into our four
Speaker 2: to one k like pre tax Yeah, that's what everyone said.
Speaker 2: Say what so wet, like you can put up to
Speaker 2: eighteen thousand dollars away. This is a huge tax benefit
Speaker 2: for everybody, I mean, everywheer no matter your income, and
Speaker 2: it's one of the few really good tax breaks that
Speaker 2: I think the average Joe actually qualifies for without needing,
Speaker 2: like you know, Donald Trump's accountant doing his higgeley piggledy
Speaker 2: and getting him out of taxes. So it is like
Speaker 2: it caused this whole kerfuffle, and like everyone was kind
Speaker 2: of freaking out for the hot minute. But then Trump
Speaker 2: tweeted and he said, there's no way we're going to
Speaker 2: be reducing your four one K contribution. He said, this
Speaker 2: is a great tax cut for the middle class. And
Speaker 2: it worked because it's not going away. I'm paraphrasing, but
Speaker 2: that is what And I was like, oh oh, I
Speaker 2: was looking really hard. I was like, but.
Speaker 1: I agree. Yeah, I mean, hey, I can say that.
Speaker 1: I agree.
Speaker 2: I agree. That's scary though. I mean, it's just I
Speaker 2: feel like, you know, it sounds great to say you're
Speaker 2: going to reduce taxes, and everyone wants to hear tax
Speaker 2: cuts tax cuts, but you have to pay for them somehow,
Speaker 2: And it's like it may feel good to get a
Speaker 2: tax cut, but if they're going to be reducing benefits
Speaker 2: that you enjoy on the back of it, then really
Speaker 2: you're not winning, Like when everything is added up. So
Speaker 2: it's just interesting. So that's what's happening in on on
Speaker 2: Capitol Hill.
Speaker 1: I feel like a broken clock is right twice a day.
Speaker 2: I love that expression.
Speaker 1: I was waiting for the athat you know what, let
Speaker 1: me pull out an old Brandy expression. So, you know what,
Speaker 1: if it's a twelve o'clock on that clock, guess what,
Speaker 1: twice a day it'll be twelve o'clock. It don't mean
Speaker 1: that the clock is working now. It just means, you know,
Speaker 1: sometimes things are in alignment. Yeah, I see, it's certainly
Speaker 1: a broken clock. But I'm just saying, but thanks, I'm
Speaker 1: glad that he said. I'm going to give him, you know,
Speaker 1: or that statement. It's props. So, yeah, this is like
Speaker 1: semi random. But have you ever heard a four X.
Speaker 1: I feel like a lot of people are doing that now,
Speaker 1: Foreign exchange, yeah, for X trading.
Speaker 2: Yeah, I've heard of it, but I'm not not.
Speaker 1: Really I know, it's just random. I was just scrolling
Speaker 1: through my timeline and someone was like, oh, taking my
Speaker 1: for X classes, and I was just thinking to myself,
Speaker 1: I've heard of like four X, but I'm not super familiar.
Speaker 1: I'm not gonna lie. So I just just like, maybe
Speaker 1: Mandy knows, because I see so many women are like,
Speaker 1: uh taking or or more and more for women which
Speaker 1: I like, are starting to invest more, you know, like
Speaker 1: I know a lot of my friends taking in I.
Speaker 2: Think, I mean, the all I know about four X
Speaker 2: trading is I think it's where you just you trade currencies,
Speaker 2: like you invest in different foreign currencies on the like,
Speaker 2: because you say, okay, well it looks like, I don't know,
Speaker 2: the British pound is doing really well right now, so
Speaker 2: I'm going to invest in pounds or like, the British
Speaker 2: pound is plummeting right now, so I'm gonna scoop some
Speaker 2: up because they're cheap and then wait for it to
Speaker 2: rise again and then convert it. That's my idea. Don't
Speaker 2: quote me. I think that is the concept before X trading,
Speaker 2: and I don't know, it sounds really complicated to me.
Speaker 1: Yeah, no, I mean, I'm not gonna lie. I've never
Speaker 1: been super when it comes to traditional and I mean
Speaker 1: well traditional even traditional investing outside of like I can
Speaker 1: buy a house. I'm one of those investors. There's this
Speaker 1: guy named Tony Hirsch. He owns Zappos or I don't know,
Speaker 1: if he's still the founder, but he's some billionaire guy.
Speaker 1: And I remember, really, you know, relating to him, because
Speaker 1: he said he didn't getty and stuff, so he didn't
Speaker 1: that's not what he invested in. Instead, he invested in
Speaker 1: businesses and like I guess, uh, real estate and tangible
Speaker 1: things because he didn't quite understand it. He didn't believe
Speaker 1: in investing in a space that he didn't understand or
Speaker 1: wasn't willing to at least put the energy into understanding.
Speaker 1: And I feel like that that like when it comes
Speaker 1: to stocks, I mean like enough, but not well enough
Speaker 1: to feel really comfortable by putting a whole lot of
Speaker 1: money in, you know. And I also don't feel like
Speaker 1: I'm all that interested in learning, which sounds terrible. So
Speaker 1: I'm like m But then I told myself it's okay,
Speaker 1: because there's other types of investing, right. You can invest
Speaker 1: in in businesses, you can invest in real estate. There
Speaker 1: are other things that to invest in. Although I do
Speaker 1: have like my not my four O one K, but
Speaker 1: like my I do have a retirement account obviously that's
Speaker 1: invested in stocks and stuff like that. But I have
Speaker 1: a financial advisor. And even though I'm like I don't
Speaker 1: know half the stuff you're talking about. But I'm like,
Speaker 1: explain again, and why again?
Speaker 2: Now you should. I feel like I'm just now getting
Speaker 2: the hand getting I feel confident and my abilities to
Speaker 2: invest my retirement and invest in a brokerage fund outside
Speaker 2: my retirement, and I feel really proud of that. And
Speaker 2: now like this, like this, like these I don't know, these,
Speaker 2: I don't know ap class investment things are just a
Speaker 2: little bit I haven't quite gotten there yet.
Speaker 1: And especially like once you start switching financial advisors, I'm
Speaker 1: sure my financial advisor does not listen pay James. But
Speaker 1: like I broke up with James, no, no, I know,
Speaker 1: it was so weird. So I switched over to Frank because,
Speaker 1: you know, because I started with James as a fee
Speaker 1: based because you know, there's two types of ways that
Speaker 1: you can pay your financial advisor. You can it's fee
Speaker 1: based where wait, fee base is when you actually just
Speaker 1: pay the lump sum, right, and then there's there are
Speaker 1: financial advisors that get paid based upon your portfolio, like
Speaker 1: a percentage, typically under one percent. So I started with James,
Speaker 1: but I didn't have any money really because I didn't
Speaker 1: have any money to pay him, and so he got
Speaker 1: paid on my portfolio, which is not ideal, but at
Speaker 1: least I would start. And then I was like, Okay,
Speaker 1: now that I'm doing better, I don't want someone because
Speaker 1: if I want to make sure that someone is being
Speaker 1: paid based upon their performance, not based upon my money,
Speaker 1: that's sitting there, you know. And so I switched over
Speaker 1: to so me paying someone, you know, versus them getting
Speaker 1: paid off my portfolio. So I switched over. And when
Speaker 1: you switch over, I was rolling over my accounts from
Speaker 1: James to Frank. But I didn't tell James because I
Speaker 1: was like, ah, because you know, we're breaking up and
Speaker 1: I didn't like so I kind of ghosted him. And
Speaker 1: so when you have to sign a paperwork and I'm
Speaker 1: sure Frank had to send the paperwork over to James.
Speaker 1: And then the other day James called me and I
Speaker 1: was like, I didn't pick up though, and I still
Speaker 1: haven't listened to his message. I feel like such a
Speaker 1: like such a like I'm running for my ex boyfriend.
Speaker 1: I'm running for my ex financial advisor. I'm gonna call
Speaker 1: him and let him know. I'm so sorry. It's not you,
Speaker 1: it's not you, it's just I've grown. I'm just in
Speaker 1: a different space. I'm moving forward, I know, but.
Speaker 2: Don't dost them I professionals. We actually had to. We
Speaker 2: didn't break up, but we did. We were doing monthly.
Speaker 2: We were paying our financial planner monthly for a year,
Speaker 2: and then once the year was up, we reassessed and
Speaker 2: we're like, we really don't need monthly. We don't need
Speaker 2: we don't need to pay two hundred bucks a month
Speaker 2: for monthly calls. I mean, we have a good handle
Speaker 2: on our finances. So we just I just sent her
Speaker 2: an email and I said, Okay, we'd like to switch
Speaker 2: to bi annually and just have a checkup and December
Speaker 2: at the end of the year, and then have another
Speaker 2: one midway through the year instead. And she was totally
Speaker 2: cool with it.
Speaker 1: Okay, yeah, I'm gonna let him now.
Speaker 2: I mean, we weren't breaking up with him. Also, we
Speaker 2: had to break up with her. We did break up
Speaker 2: with our couples counselor, and that was kind of awkward,
Speaker 2: really yeah, because we did. We did premiutal counseling before
Speaker 2: the wedding and that was really helpful, especially because it's
Speaker 2: such a stressful time. Man. And then for we went
Speaker 2: like a couple of times I think after the wedding,
Speaker 2: but I don't know. It was like the second or
Speaker 2: third time where I was like, I don't know why
Speaker 2: we're doing this, Like we're really struggling to find things
Speaker 2: to talk about. Let's wait until we have some issues
Speaker 2: to really talk about. And that was tough because she
Speaker 2: kept texting and emailing and stuff. As you're like, I
Speaker 2: want to book an next appointment, let's book it right now.
Speaker 2: I'm like, oh yeah, and you did hide to eventually
Speaker 2: send the breakup email. This is adulting, man, yes it is.
Speaker 1: I'm like, I'm sorry, James. I'm going to bring up
Speaker 1: with you officially when I get back from Australia. I
Speaker 1: promise all. Like I said, James doesn't listen. I know.
Speaker 1: James was like, gosh, darn it.
Speaker 2: Also James, and what was the other one? Frank? Those
Speaker 2: are like exactly what a financial planner's name should be.
Speaker 1: I know, right, they may or may not be real names.
Speaker 1: So whatever, you know, knowing me their likely room mate,
Speaker 1: here's what whatever.
Speaker 2: I actually I should I should mention this because one
Speaker 2: of the things I found out about, and this is
Speaker 2: something that I think people don't realize, but like financial planners,
Speaker 2: so my financial planner. She has a CFP designation. She's
Speaker 2: also a registered and investment advisor, but we didn't use
Speaker 2: her for invat been planning, just financial planning. But one
Speaker 2: of the things I've learned is that they don't know everything, Like, yeah,
Speaker 2: CFP training does not cover a lot of things that
Speaker 2: millennials are going through, like student loan debt and even
Speaker 2: just buying a house. Like one of my colleagues is
Speaker 2: currently studying to become a certified financial planner. And she's studying,
Speaker 2: she's taking the classes, doing the coursework part of getting
Speaker 2: the CFP. It takes like years to become an official
Speaker 2: CFP certified, so anyway, and she's just like telling me
Speaker 2: the most mind blowing things about how they don't They
Speaker 2: barely talk about student loan debt. They barely talk about
Speaker 2: buying a house. So when you're shopping for a financial planner, like,
Speaker 2: if you have those specific issues, I'll just say, really
Speaker 2: interview them and test their knowledge of those things, because
Speaker 2: I think you all. I remember where we talked about
Speaker 2: how my financial planner didn't like when we were paying
Speaker 2: off my husband's student loan debt, like it was a
Speaker 2: lot of money we were paying off and like, you
Speaker 2: found out you can call if you're ready to pay
Speaker 2: off the loan and try and negotiate a discount for
Speaker 2: the loan balance that you and she didn't know.
Speaker 1: That, yeah, yeah, ten to fifteen percent.
Speaker 2: Yeah. And so I had that moment where I was
Speaker 2: like oh, and she's like, oh yeah, I had no idea.
Speaker 2: I was like, but you're supposed to know everything, aren't you. No,
Speaker 2: they don't know everything. No, they know. And we were
Speaker 2: talking about mortgages one time, and I think my husband
Speaker 2: had asked what a what a five to one adjustable
Speaker 2: rate mortgage was, and being a personal finance editor, I
Speaker 2: had just edited a story and published a story on
Speaker 2: our website about five one adjustable rate mortgages and I
Speaker 2: hear the tap tap tapping from our financial planner and
Speaker 2: she's like, oh, look, Magnify Money says that adjustable rate.
Speaker 2: And I was like, wait, you're googling it. Oh no, wow.
Speaker 2: So that's what I'm saying. When they don't really teach,
Speaker 2: they don't go really really in depth into the mortgage
Speaker 2: and student loan product, and that's an issue I think
Speaker 2: they're going to have if they want, if they want
Speaker 2: millennials to hire cfps, they need to train them. I
Speaker 2: think that's why you see so many like financial planners,
Speaker 2: these young financial planners doing these like courses and doing
Speaker 2: this continuing education and stuff and learning the things that
Speaker 2: their clients are asking them, because I don't know, I
Speaker 2: feel like the CFP exam isn't really preparing people like
Speaker 2: properly or like.
Speaker 1: For real life things. It's like, because you're right. I
Speaker 1: think it was like one I read an article I
Speaker 1: can't remember, I don't know if it was Forbes, like
Speaker 1: that there's this one so mid me. My brain is
Speaker 1: like so unlike phlu mode, Like, so there's this is one,
Speaker 1: I guess thing that you could offer millennials that makes
Speaker 1: them like thirty percent more likely to say yes to
Speaker 1: your job. And that's a student loan forgiveness or some
Speaker 1: sort of student loan program. Because more and more, you know,
Speaker 1: like I couldn't believe when one of my mentees was
Speaker 1: telling me her interest rate was like nine percent. I'm like,
Speaker 1: on your student loan because mine is under three percent,
Speaker 1: you know, And I'm like, what, it's just I remember
Speaker 1: when we met somebody like the other night and his
Speaker 1: was like two percent. I guess that's back when the
Speaker 1: government actually wants you to pay them off. These days,
Speaker 1: people who.
Speaker 2: Took out loans like in the seven year period between
Speaker 2: like two thousand and two thousand and seven ish, like they, yeah,
Speaker 2: they can have eight and nine percent federal loans, they
Speaker 2: need to refinance those asapp like, there's no need to
Speaker 2: have a nine percent student loan.
Speaker 1: A student loan, is that a house? Like is that
Speaker 1: a car? Not? Even there are cars and homes that
Speaker 1: have better interest rates because honestly, my interest right now
Speaker 1: lestime I checked for a house was like four percent,
Speaker 1: So yeah, yeah, that's true. They definitely need to refri
Speaker 1: especially if you and if you have a federal not
Speaker 1: if not if you have a federal loan, but you
Speaker 1: need to refinance if you have a private loan because
Speaker 1: typically those are the loans that are that high.
Speaker 2: Yeah, that's the sucky thing about federal loans is even
Speaker 2: you have the you have the Federal Loan Consolidation Program,
Speaker 2: but it's which is basically it's kind of like a refi,
Speaker 2: except they don't reduce your interest rate. And typically typically
Speaker 2: like if you have if you have several student loans
Speaker 2: taken out over the same period around the same time,
Speaker 2: you probably have a similar student sorry, a similar interest rate,
Speaker 2: and so they just average all your interest rates and
Speaker 2: give you one new interest rate, which sucks, which is
Speaker 2: the reason why I think a lot of people with
Speaker 2: federal loans with those crazy high rates from the early
Speaker 2: two thousands are like, well, I'm considering like refinancing with
Speaker 2: a private lender like Sofi or lend key or whatever
Speaker 2: because they can offer me a reduced interest rate. But yeah,
Speaker 2: only do that if you're really sure that you're going
Speaker 2: to be able to pay make your payments, because yeah,
Speaker 2: you give up all your federal protections when you do that.
Speaker 1: Yes, critical critic.
Speaker 2: Cow, let's move on to brown boost and breaking.
Speaker 1: Yeah, I know right, I'm gonna make my really simple
Speaker 1: because I am ready to collapse. I'm going to take
Speaker 1: a brown break from sickness because everyone is coffee. I
Speaker 1: suspect it from my niece who was happily sneezing all
Speaker 1: in my face the other day because babies think, I
Speaker 1: guess sneezing is fun, and she was literally it was
Speaker 1: like back to back stay, you know, I know. I
Speaker 1: was like, yeah, I'm pretty sure this is this is
Speaker 1: where I've I've gotten this, this death from Although I'm
Speaker 1: sure she'll make it, I don't know if I will.
Speaker 1: So yeah, I'm gonna take a bound boost, a brown
Speaker 1: break from having to travel despite the fact of not
Speaker 1: feeling well. I always hate that person on the plane
Speaker 1: that's sneezing and coughing. I'm like, man, you should stayed home. Meanwhile,
Speaker 1: you know the right mean, well, they probably have to
Speaker 1: go somewhere, and now it's gonna be me, But I'm
Speaker 1: gonna take Nike Will with me.
Speaker 2: I feel for you because I love you and my friend,
Speaker 2: but I am that person who's like, why did you
Speaker 2: get on this plane?
Speaker 1: Yeah, that is always me. I'm like, are you kidding me?
Speaker 1: Especially they're behind you.
Speaker 2: And how long? I wait, how many hours?
Speaker 1: Oh my gosh. So it's like I have to go
Speaker 1: to LA. So from Newark to LA it's like what
Speaker 1: five hours or something, and then LA to Sydney, Australia
Speaker 1: is like thirteen hours.
Speaker 2: Yeah, just not.
Speaker 1: Taking Yeah, I am gonna honestly, I'm gonna bring some
Speaker 1: night quail pills with me. So I can't bring liquid
Speaker 1: because there's no way because you know, like the plane,
Speaker 1: it's already being on a plane is already like your
Speaker 1: nasal cavity is already like funky let alone, like ma
Speaker 1: feelin you out? It does. I honestly like bring a
Speaker 1: little a little jar of bassoline with me when I
Speaker 1: go on the plane, because it's not I come out
Speaker 1: like an old woman, like I don't know, I'm like
Speaker 1: Benjamin Button.
Speaker 2: Yeah, yeah, you should bring a nice spring, a big scarf,
Speaker 2: bring a blanket, get really comfortable. Bring uh yeah, bring
Speaker 2: some vix or whatever. Maybe not vix. I'll stink the
Speaker 2: whole place.
Speaker 1: Up, I know, right, I don't be looking at me like,
Speaker 1: I mean, are you.
Speaker 2: Like that person and gets on the plane with fried chicken?
Speaker 2: There's one on every plane I've been on.
Speaker 1: Yes, really, I'm like, well, I've never seen that.
Speaker 2: I do a lot of flying, you know, I do
Speaker 2: a lot of flying to Charlotte, North Carolina now, and
Speaker 2: there's a Chick fil A in that airport, and I
Speaker 2: think a lot of people flying to New York get excited,
Speaker 2: even though we have a couple of Chick fil as now,
Speaker 2: and they go to Chick fil A and they get
Speaker 2: on the plane with it, and I'm like, said, smells delicious.
Speaker 1: Yeah, okay, Yeah, I definitely seen that plainnectiquette.
Speaker 2: Well, then I have a break, but I'm going to
Speaker 2: do a break for I'm going to do I need
Speaker 2: to boost a flu shot because you need one of those,
Speaker 2: and every one you get the flu shot, like maybe
Speaker 2: there's a slim chance that you might get a little
Speaker 2: bit sick after you get it, but there's it's almost
Speaker 2: certain that you get the flu if you don't get it,
Speaker 2: So it clearly seems like it's worth it just saying okay,
Speaker 2: So my break was going to be I'm actually going
Speaker 2: to tag team this break because I stole it from Twitter.
Speaker 2: Someone tweeted at us, Oh, I need to get her
Speaker 2: name real quick. Someone had tweeted that they wanted to
Speaker 2: take a brown break from office potlucks, and I almost
Speaker 2: did an amn sister friend in my office because I
Speaker 2: know that you don't have like this whole you don't
Speaker 2: have the office culture. But for those of us who do,
Speaker 2: you know how awful it is when it's like, I
Speaker 2: don't know, Thanksgiving office potlucks, Like people don't try that
Speaker 2: hard when it's like an office potluck, and then you
Speaker 2: got to sit there and drink and eat their dry
Speaker 2: Thanksgiving turkey or they're like half ass apple pie and
Speaker 2: like the it's really just like a brown break from
Speaker 2: like forest office and interactions like forest office socialization, like
Speaker 2: in the office during the workday. That is my brown break.
Speaker 2: And I just feel like, why I don't think that
Speaker 2: you have to necessarily is this? Do I sound like
Speaker 2: really mean? And whatever? I don't care?
Speaker 1: No, Like, why don't we never want to eat anybody
Speaker 1: else's food. I don't know one brown person. They're always like,
Speaker 1: who made that potato salad? Girl? Everybody you know this
Speaker 1: is every every brown person's favorite thing. Everybody can't you
Speaker 1: can't eat everybody's potato salad?
Speaker 2: Like, no, that's salad. I mean you should be hesitant
Speaker 2: because that is I could easily go the other way.
Speaker 1: Yes, oh, just because people feel like everybody's dirty, Like
Speaker 1: I don't know how you cook at Oh look how
Speaker 1: you come to work. Oh that's true.
Speaker 2: I didn't even think about the germs.
Speaker 1: Yeah, I'm like, I'm always like who made this? Like
Speaker 1: if I do eat someone's food, miss Mary? Oh, okay,
Speaker 1: I like miss Mary, she's nice. I have for this.
Speaker 2: Well, I'm going to be digging through a Twitter and
Speaker 2: find out who it was that tweeted at us. But
Speaker 2: I feel you, girl and Brown breaking from office pot looks. Yes,
Speaker 2: Thanksgiving is just around the corner. I know they're going
Speaker 2: to be coming for y'all.
Speaker 1: Yeah, so I'm sure I'm thank Thank goodness. I don't
Speaker 1: have to. I mean I do sometimes miss the interaction,
Speaker 1: but we try to hang out as much as we
Speaker 1: can on Slack. I love slack. Slack is bay. It's
Speaker 1: like our online Slack is like for I guess, like
Speaker 1: a messaging app for businesses.
Speaker 2: Oh yeah, I think everyone must know what slack is.
Speaker 2: I think I took a brown break from slack once.
Speaker 1: Yeah, I can see that I have so many.
Speaker 2: Slack channels now, you know, like I have three. I
Speaker 2: think for work there's different like slack personalities because we
Speaker 2: you know, we own by a different company than we
Speaker 2: have our own Magnified Money slack. And then I have
Speaker 2: my friend Slack, but I cannected it to my phone
Speaker 2: and I can't. I need to figure out out. I
Speaker 2: did find the setting though, where you can you can
Speaker 2: tell it when not to alert you, like give it
Speaker 2: hours between like eight pm and eight am. No slacking.
Speaker 1: I have to say that that we slack pretty responsibly,
Speaker 1: like you know, people don't they don't go too hard
Speaker 1: and slack, you know, like other than like a few
Speaker 1: questions here, they are clarity or something like that. What
Speaker 1: I do enjoy is that we have a slack channel
Speaker 1: called Giggles and Chatter for my team, where it's just
Speaker 1: basically that's the that's the water cooler. So people will
Speaker 1: just be like, oh, isn't this dress cute? Or like, chow,
Speaker 1: somebody come get my daughter, look how she's dancing, and
Speaker 1: or like you know, like so it's just fun. So
Speaker 1: a lot of the slack messages honestly have nothing to
Speaker 1: do with work. So it's just because we've got a lot.
Speaker 1: Everybody's got this great, fun, crazy personality. So I enjoy
Speaker 1: for the most part, when I get a notification, I
Speaker 1: know a lot of times it's in giggles and Chatter
Speaker 1: and then you know, I would say sixty to sixty
Speaker 1: five percent giggles and chatter and then the rest like
Speaker 1: actual work.
Speaker 2: Yeah, do you get the A lot of people slack
Speaker 2: me and then if I don't answer right away, get
Speaker 2: the email. And if I don't answer right away, they
Speaker 2: leave a comment. We work in Google Docs a lot,
Speaker 2: so I'll get the comment in the dock that tags
Speaker 2: me and I'm like, I'm cunning. I can't give me
Speaker 2: a minute.
Speaker 1: No, we don't, like honestly, and even with my team,
Speaker 1: I send it to you cause I typically there's nothing
Speaker 1: that's like that. The fire has to be put out
Speaker 1: very rarely, you know, And so yeah, so even if
Speaker 1: I send something, you know, I've learned, like for the
Speaker 1: most part, that to do stuff and ahead of time.
Speaker 1: Every once in a while, I'm like, oh, gosh, I
Speaker 1: waited too long. I hope Taylor sees this. And so
Speaker 1: I might slack and then I might text like hey,
Speaker 1: tailor when you get a chance to go check your
Speaker 1: slack just because it's like it's but I would say
Speaker 1: that might happen five percent of the time that it's
Speaker 1: something urgent where I have to hit you multiple times. Yeah.
Speaker 1: So because sometimes I'll get a slack, like, you know,
Speaker 1: like cause you know, I like a daily nap. Sometimes
Speaker 1: you know, I'll get a slack from like, say my
Speaker 1: admin like, hey, tipically there's an email they need your attention.
Speaker 1: I'm like, after this nap, ain't nobody dying from financial advice? Oh?
Speaker 2: I found that hold on I found that Twitter. Her
Speaker 2: name is Cec. She says, my co workers are cool,
Speaker 2: but being in an office means potlucks. Remember that episode
Speaker 2: of Seinfeld when Elaine was sick of eating office cakes.
Speaker 2: That's me. That's a good clip.
Speaker 1: Cec after name. That's a nice, sassy name. Cec. All right,
Speaker 1: do we have some good questions?
Speaker 2: Yeah, we do, we have. We have a really good
Speaker 2: question from listener. Ooh ooh, it's Jenny and it's not
Speaker 2: her real name, so I can use it. Okay, Jenny says,
Speaker 2: I love the show. YadA, YadA, YadA. You guys are awesome.
Speaker 2: My question is should I apply for a second major
Speaker 2: credit card or ask for an increase on the credit
Speaker 2: limit for the one MasterCard credit card that I already own.
Speaker 2: I used to have two major credit cards, but I
Speaker 2: I let one get closed by the credit card company.
Speaker 2: I know, I know because I never used it. I
Speaker 2: now only have one major credit card, which I pay
Speaker 2: the balance off in full each month. I never put
Speaker 2: more than a few hundred dollars on it per month.
Speaker 2: Even if I put more, I paid off in full.
Speaker 2: The credit limit is seventeen thousand dollars, and I have
Speaker 2: no plans to ever use even close to the limit
Speaker 2: on the card, but I do want to look for
Speaker 2: a way to raise my credit score. I think right
Speaker 2: now it's in the mid seven hundreds. Well, having more
Speaker 2: available credit by opening a new credit card help raise
Speaker 2: my credit score? Help Jenny?
Speaker 1: So a few bangs, Jenny, Jenny, So, Jenny, guess what movie?
Speaker 1: Let's see? If you know it, it's like a box
Speaker 1: of chocolates? Yeah, but what's it actually.
Speaker 2: Before is gone? Come on? Yeah, come on.
Speaker 1: I wasn't sure, so so Jenny. So first knowing that
Speaker 1: if you're mid seven hundreds, I'm assuming seven to fifty
Speaker 1: or better. Congratulations, Jenny, you already have perfect Thank you,
Speaker 1: So thank you? Yes, right, because so many people are like,
Speaker 1: I want eight hundred, I want eight to fifty, I
Speaker 1: want a thirty, And I'm like, that's cute, But guess
Speaker 1: what's also an A plus seven fifty? So once you
Speaker 1: get to really seven fifty, I mean in eight hundred
Speaker 1: is cute, but it's literally the same in the eyes
Speaker 1: of a lender. So if you're already there, I wouldn't
Speaker 1: I wouldn't do anything extra. Like if you need an
Speaker 1: extra credit because you want to buy something you know,
Speaker 1: or something like that, that's one thing. But if it's
Speaker 1: because you're trying to raise past a seven fifty. There's
Speaker 1: no need because you're not going to get a better
Speaker 1: interest rate with the eight hundred, you know. I think
Speaker 1: people think that, but you're just not because yeah, so
Speaker 1: that's one. But maybe in general we can answer the
Speaker 1: question for folks because Jenny, you're already there girl, wait
Speaker 1: whoo who you have to finish line? But in general,
Speaker 1: for folks who are trying to raise their credit score
Speaker 1: by by increasing their credit limit, you think that's a
Speaker 1: good idea of bad idea?
Speaker 2: I think that, well, yes, the answer to her question
Speaker 2: is yes, when you have more available credit limit does
Speaker 2: help your score because it helps your utilization rate, it's
Speaker 2: gonna be a lot harder for you to get over
Speaker 2: your year. So basically, credit card companies or credit reporting
Speaker 2: bureaus they want to see that you have self control
Speaker 2: that you're not going to even if you have a
Speaker 2: seventeen thousand dollars credit limit like Jenny, that you're not
Speaker 2: going to max it out and use it all the time.
Speaker 2: So ideally you want to keep your utilization rote sorry
Speaker 2: rate below twenty percent, up to thirty percent, but twenty
Speaker 2: percent to be safe, which is a lot harder to
Speaker 2: do if you only have one small credit card and
Speaker 2: you know it's five point dollars limit and you're constantly reaching,
Speaker 2: you know, way over your twenty percent utilization rate. So
Speaker 2: that's why it can be good to have higher available
Speaker 2: limits credit cards with a total available limit that's higher.
Speaker 2: But I wouldn't like open a credit card just to
Speaker 2: get that additional space, just to get that additional credit limit,
Speaker 2: unless I think, I mean, if you're really responsible with
Speaker 2: your credit and maybe you find really amazing rewards card
Speaker 2: that you know you're gonna be it's going to be
Speaker 2: a beneficial to you, and it makes sense for you
Speaker 2: to have that card and you get additional benefits besides
Speaker 2: it also contributing to your available limit, then yeah, I
Speaker 2: mean open up that credit card. But I don't know
Speaker 2: if it's worse. I don't think it's like a good
Speaker 2: idea just to open up a new credit card because
Speaker 2: you want more limit if you don't already know that,
Speaker 2: like I can pay this down and I'm not going
Speaker 2: to abuse it and I'm not just gonna get more
Speaker 2: and more into.
Speaker 1: Debt exactly, And it's like, yeah, I agree honestly that
Speaker 1: you it does work, but it only if you're not
Speaker 1: actually going to be using that credit card and kind
Speaker 1: of like abusing it, which so many folks do. Is
Speaker 1: people ask me all the time, Like a brand asked
Speaker 1: me the other day if I would like push credit cards,
Speaker 1: and I was like, girl, you asked me this like
Speaker 1: every week. The answer is en, start with the N,
Speaker 1: end with the oh. Although the one type of credit
Speaker 1: card that I do sometimes suggest it's a secure card,
Speaker 1: you know, to help build your credit score, that it's
Speaker 1: something different. But as far as like, because I'm like,
Speaker 1: I don't think credit cards are the devil, but most
Speaker 1: people have a hard time managing with credit cards. So
Speaker 1: I don't want to be responsible for saying, hey, this
Speaker 1: is a great credit card and then you you know,
Speaker 1: you mess your yourself up by getting one. You know,
Speaker 1: travel cards are awesome. You see me and Mandy we
Speaker 1: have that al Venture card, our metacard looking all fancy
Speaker 1: when we go places. But you know, like that's not
Speaker 1: something that we're like, go get it, go get it,
Speaker 1: go get it, because it's so easy to slip down
Speaker 1: the black hole of swipe swipe, swipe and paying your
Speaker 1: minimum and then owing forever.
Speaker 2: Yep, I went through, but I did do this. When
Speaker 2: I was in college, I got like, my first credit
Speaker 2: card was a three hundred dollars Bank of America student
Speaker 2: credit card, and I just wasn't cutting it for me
Speaker 2: when I was in When I was out in the
Speaker 2: real world and I wanted to build credit, so I
Speaker 2: did I did. I think my first step was to
Speaker 2: ask them for a credit limit increase, which I you know,
Speaker 2: wasn't the smartest thing because there was a ton better
Speaker 2: credit cards. I could have applied for it out there,
Speaker 2: but I didn't know any better. But that's how I started.
Speaker 2: I asked for a credit limit increase, which was a
Speaker 2: hard inquiry on my credit report, but did get me
Speaker 2: more available balance. That's one of the ways to go
Speaker 2: about it.
Speaker 1: Yeah, any other great questions you We.
Speaker 2: Have another credit question, we can call her Tanya. She says,
Speaker 2: Hey Tanya, Hey Kanya. Tanya says, my question is my
Speaker 2: husband and I are currently saving for a down payment
Speaker 2: for a new home. We're planning to move this spring
Speaker 2: twenty eighteen. I've been checking my credit on credit Karma
Speaker 2: for a few months and it's in the six ninety area.
Speaker 2: One thing that is showing as negative to my score
Speaker 2: is the number of open credit card accounts that I have.
Speaker 2: I have a paid off car, it's been paid off
Speaker 2: for three years, two credit cards, and one student loan.
Speaker 2: So because I don't have at least seven to ten
Speaker 2: open credit lines credit cards is my credit score won't move?
Speaker 2: So these are all closed. These are all old credit accounts.
Speaker 2: So like two credit cards that are ten years old
Speaker 2: and one student loan she says is twelve years old,
Speaker 2: and then a paid off car. She says, do you
Speaker 2: suggest that I open a couple of the recommended credit
Speaker 2: cards on credit Karma to boost my score or will
Speaker 2: doing this lower my score? Because I'm applying for more credit.
Speaker 2: My ultimate goal is to have the highest possible credit
Speaker 2: score so we can get the lowest possible rate for
Speaker 2: home loan this spring. I know the tricky time before
Speaker 2: you're buying a house to be able to get credits.
Speaker 1: So first let's whenever someone tells you something, I want
Speaker 1: you first to look at the messenger and say, what
Speaker 1: is your motivation? Messenger? So I mean no shade to
Speaker 1: credit Karma because their business, But credit Karma gives you
Speaker 1: a free credit score. How do you think Credit Karma
Speaker 1: makes their money by you opening up credit cards. Here's
Speaker 1: a dirk little secret that I'm sure some financial folks
Speaker 1: listening might be like, no, don't tell them. So a
Speaker 1: lot of these brands, because brands have approached me. This
Speaker 1: is how I know to say, hatiffity, if you have
Speaker 1: people sign up for credit card, we'll give you a
Speaker 1: special budget Nissa link to have people sign up for
Speaker 1: xy Z credit card, and we'll give you I've been
Speaker 1: offered up to two hundred, two hundred and fifty dollars
Speaker 1: per person. Can you imagine for you to sign up
Speaker 1: for a credit card? And I said no because to see,
Speaker 1: I love y'all, because I'm like, uh, I'd rather kind
Speaker 1: of get into the gates of heaven one day. So
Speaker 1: the answer is no, Like, there's gotta be another way
Speaker 1: without selling y'all souls to the devil. So you know,
Speaker 1: but and I'm not saying the credit card is the devil,
Speaker 1: but just know that oftentimes you're gonna get a solution
Speaker 1: on sites like that that say get a credit card,
Speaker 1: not necessarily because it benefits you, but because that's how
Speaker 1: they pay their bills. Because if I'm getting offered one
Speaker 1: hundred and fifty to two hundred something dollars. I can
Speaker 1: only imagine what they get, So just be mindful. It
Speaker 1: doesn't mean that getting a credit card is bad. It
Speaker 1: just means that you want to be discerning on who's
Speaker 1: giving that the advice. So putting that to the side,
Speaker 1: like you don't need to open two or three credit cards,
Speaker 1: that just doesn't you don't. But it doesn't mean that
Speaker 1: opening up a credit card. I mean, if you're going
Speaker 1: to get a house, she should not be opening up
Speaker 1: a credit card with six months to like six to
Speaker 1: eight months. Really, I would say a year before getting
Speaker 1: a house, because you don't want to ding right before
Speaker 1: you know you're getting a house, because there are other ways.
Speaker 1: Do you have does she say she does she have
Speaker 1: any credit cards at all? Right now?
Speaker 2: She says she has a paid off car two credit
Speaker 2: cards that it seems like from her She says two
Speaker 2: credit cards, and then in parentheses it says ten years,
Speaker 2: which I think might mean that they're ten years old
Speaker 2: and they're no longer active. Okay, but like, how is
Speaker 2: a credit card no longer active?
Speaker 1: I unless they're closed, if that's what you're saying. If
Speaker 1: these two cards are safe.
Speaker 2: She doesn't say if they're closed, but if they're open,
Speaker 2: she should be able to just use them.
Speaker 1: Yes, I would go ahead, girl. You know what you
Speaker 1: do if if those two cards are open, look at
Speaker 1: your cheapest bills like Netflix and like maybe the gym,
Speaker 1: have them charge those two cards and pay them off
Speaker 1: in full every month. Paying off your debt in full
Speaker 1: every month is going to do more for you than
Speaker 1: opening up a new card, you know. So that's what
Speaker 1: I would suggest. And if you have no credit cards
Speaker 1: at all that are open, then you might want to
Speaker 1: consider getting a card and just paying it off in
Speaker 1: full every month. But if you have cards, just charge
Speaker 1: a little nominal something under twenty bucks, pay it off
Speaker 1: in full every month, and you should start to see
Speaker 1: your credit score go up. Depending on the other things
Speaker 1: that you have going on, The two things that make
Speaker 1: the most difference in your credit score are utilization, like
Speaker 1: Mandy talked about, meaning of your limit. How close to
Speaker 1: your limit are you? How close is your balance to
Speaker 1: your limit? You really want if you're going to get
Speaker 1: a house, for your balance to be like ten, no
Speaker 1: more than ten to fifteen percent of what your limit is, right,
Speaker 1: So that's thirty percent and thirty five percent of your
Speaker 1: credit score is your payment history, meaning do you make
Speaker 1: on time payments do you pay off in full? So
Speaker 1: those two things together are going to make the most difference.
Speaker 1: So keep your limits low. It's even better if you
Speaker 1: can keep them to zero and pay and then make
Speaker 1: regular on time payments and don't be late and ideally
Speaker 1: pay things off in full. Especially if you could do
Speaker 1: that every month, that's going to make the biggest difference.
Speaker 2: Yeah, and you're right. I mean, I've talked to a
Speaker 2: lot of loan officers who say the six months before
Speaker 2: you get a loan, and even up to a year,
Speaker 2: that's a crucial time. You do not want to be
Speaker 2: fiddling with anything. You don't want to move money around.
Speaker 2: You don't want to open new lines of credit. You
Speaker 2: don't want to you don't want to give the lender
Speaker 2: any reason to throw off the underwriting process to say
Speaker 2: that you may not you may be a risky or borrower,
Speaker 2: which is what all that credit card activity could tell them.
Speaker 2: But yeah, just doing normal things like making your normal
Speaker 2: purchases on a credit card or two and then paying
Speaker 2: them off on full, that's probably the best. That's probably
Speaker 2: the best plan. And one of the things that struck
Speaker 2: me about her question is she says, So because I
Speaker 2: don't have at least seven to ten open credit lines,
Speaker 2: my score won't move. Credit Karma says, and I think
Speaker 2: that like people may be reading to literally the Credit
Speaker 2: Karma like, you know, they give you like an assessment like, yeah,
Speaker 2: here's what why your score might be in this range.
Speaker 2: You know you don't have into ten open credit lines,
Speaker 2: like Credit Karma is basing this on like their out
Speaker 2: their like take on what goes into the FCO score.
Speaker 2: But you're not really getting a FIGHTO score from Credit Karma.
Speaker 2: I would say, if you really want to get a
Speaker 2: FICO score the best estimate of where you're going to
Speaker 2: be at, because that's what mortgage lenders are looking at
Speaker 2: today FIGHTO scores, then you should go to a free
Speaker 2: credit score that will actually give you a FIGHTO score.
Speaker 2: You can get those through some A lot of credit
Speaker 2: cards offer free FIGHTO scores now, but if you don't,
Speaker 2: you can always you don't have a credit card that
Speaker 2: offers that, you can always use the Discover scorecard, which
Speaker 2: is free. Just Google Discover scorecard. You can get a
Speaker 2: free fight Go And I think that's a better and
Speaker 2: my free FIGHTO is always a little bit lower than
Speaker 2: my Credit Karma credit score I've noticed, and that's because
Speaker 2: it's it's a different scoring model. And one thing that
Speaker 2: I've also learned is that even the free Fighto scores,
Speaker 2: so I'm not sure, hold on, I'm going to go
Speaker 2: to We worked really hard on a magnified money. We
Speaker 2: worked really hard on a guide to where you can
Speaker 2: get your free FCO score and your free credit score, because,
Speaker 2: like I said, a lot of these free credit scores,
Speaker 2: they may not even be a real Fighto. And not
Speaker 2: only that, they may be giving you a credit score
Speaker 2: estimate quote unquote like based on some information from one
Speaker 2: of the credit bureaus, not from all three. And it
Speaker 2: makes things complicated because some lenders, like so Bank of
Speaker 2: America may may you know, you may apply for a
Speaker 2: mortgage lens a Bank of America. They're going to have
Speaker 2: their own mortgage underwriting scoring system. It's going to be
Speaker 2: slightly different than whatever you see online. So these are
Speaker 2: really just tools meant to give you an idea of
Speaker 2: where you're at, Like you shouldn't take them so literally
Speaker 2: at face value. When Bank of America or Bank ABC
Speaker 2: or whatever runs your credit, they're going to give you
Speaker 2: a whole they're going to give you a different score
Speaker 2: just because that's the way it is. And these of course,
Speaker 2: these banks are not going to tell us exactly what
Speaker 2: their you know, credit scoring models are like, because those
Speaker 2: are like closely held secrets and whatnot. But if you're
Speaker 2: going to get anesement online, you should at least make
Speaker 2: sure you're getting the best one. And I think right now,
Speaker 2: like for in terms of like free available to everybody
Speaker 2: that discovers scorecards, I agree.
Speaker 1: But because when I so I had my score recently
Speaker 1: pulled for from the actual bank because I was when
Speaker 1: a superman and I were looking for homes, I said, well,
Speaker 1: let me see what my score is officially, and so
Speaker 1: I'd gone on some of the free sites. I couldn't
Speaker 1: understand why I couldn't move past like like it was
Speaker 1: like seven thirty. I'm like, what, I that doesn't seem right,
Speaker 1: And Discover Scorecard told me I had I had an
Speaker 1: eight oh two, and I was like, that sounds more
Speaker 1: like it. Then it so one M and T Bank
Speaker 1: pulled my credit score. That's exactly what it was. So
Speaker 1: I had arranged I think the lowest My lowest was
Speaker 1: a seven eighty. Then I had like a I don't know,
Speaker 1: maybe like a seven ninety something whatever and then a
Speaker 1: eight oh two, and so I said, okay, so that
Speaker 1: was this Discover was the only one that was I mean,
Speaker 1: it was literally the exact same one. So I was like, wow,
Speaker 1: this is literally the most accurate. So yeah, just be
Speaker 1: mindful of that, I mean, and not just seeing some
Speaker 1: of these free credit score sites, because what I do
Speaker 1: like about them is that in Layman's terms, they break
Speaker 1: down the why. Excuse me, let's here, so thank you.
Speaker 1: So in Layman's terms, they break down the why. So
Speaker 1: I really appreciate those sites for the like, oh this,
Speaker 1: I'm understanding why I got to this number. So it's
Speaker 1: not to, you know, to knock them down, but it's
Speaker 1: just that if you're looking, nobody gives you a more
Speaker 1: accurate score than the financial institution that you actually want
Speaker 1: to get the house from with a card from or whatever,
Speaker 1: you know. But like like Mandy said, definitely does Discovery.
Speaker 1: I know for a fact, because that's the one I use.
Speaker 1: And I was like pleasantly surprised how they were basically
Speaker 1: right on point.
Speaker 2: That's the best free one. And just one more thing
Speaker 2: about and this is just gonna make people probably even
Speaker 2: more upset. But Credit Karma I just confirmed and I'm
Speaker 2: gonna I'm gonna post the link to this Minifi money
Speaker 2: credit score guide. Credit Karma is giving you and so
Speaker 2: is Credits has to means those credit Wise and even
Speaker 2: lending Tree and my bank Rate and all those free
Speaker 2: credit scores, nerd Wallet, Quizzle and on and on. They're
Speaker 2: giving you advance a score under the Vantage score model.
Speaker 2: And the Vantage score is a new credit model different
Speaker 2: than FCO and it's catching on. But across the board
Speaker 2: mortgage lenders, mortgage lenders are using the old FIGHTO score.
Speaker 2: So that's why your Credit Karma score is going to
Speaker 2: be different than like any FIGHTO score that like a
Speaker 2: true FYCO score estimate and the best option, honestly, if
Speaker 2: you really want to see your FIGHTO score and get
Speaker 2: a good idea of what the lenders we'll see is
Speaker 2: you're going to have to pay for it from my FCO.
Speaker 2: And they charge fifty nine dollars fifty nine something for
Speaker 2: a FIGHTO score and they use an older FIGHTO score
Speaker 2: model two four and five. That's how that's how far
Speaker 2: behind the mortgage industry is, like they're still using FICO
Speaker 2: two four and five, and right now in modern America
Speaker 2: there are Fighto scores eight and nine. But the mortgage
Speaker 2: industry is just so slow, like they're still using the
Speaker 2: older models, and a lot of these like new fangled
Speaker 2: credit score estimate sites are using newer ones vantage scores,
Speaker 2: newer FICO scores. I think that's why some people are
Speaker 2: probably confused that their scores may be like different across
Speaker 2: all of them.
Speaker 1: Yeah, yeah, so now you know no one has half
Speaker 1: the battle.
Speaker 2: Good question, and I will. I'm going to post this
Speaker 2: post this guide on on the show notes. So if
Speaker 2: you look into iTunes or even on brand Ambition podcast
Speaker 2: dot com, look for a link to the free credit
Speaker 2: score guide.
Speaker 1: Look at you, just a barrel of resources. We were
Speaker 1: so hard like y'all don't get this.
Speaker 2: Y'all are gonna breathe this resource, this free gift from
Speaker 2: me to you. Shout out to Ali, our intern who
Speaker 2: helped us with that guide. All right, we're ready to
Speaker 2: move on to some what is next? I'm losing all
Speaker 2: track of our of the show.
Speaker 1: It's time. All I do is win, win, win, no
Speaker 1: matter what. Oh I didn't do this win before, but
Speaker 1: you know I have the memory that you know, I know.
Speaker 1: I was like, so, did I do a win about
Speaker 1: the app, the credit Stacker app?
Speaker 2: No, I don't wait, I don't think so.
Speaker 1: No, look at me. Meanwhile, I have literally no memory.
Speaker 1: So so there's this app called credit Stacker that is
Speaker 1: very similar to Candy Crush and it was built by
Speaker 1: don't give me the line. Let me find this young woman,
Speaker 1: this young woman who is of brown ambition descent, if
Speaker 1: you know what I mean, and I think you do.
Speaker 1: And I'm just like super excited because it's been downloaded,
Speaker 1: like let me see a bazillion time. Her name is.
Speaker 1: They're called Forbes actually calling this woman the next Steve Jobs,
Speaker 1: which is pretty awesome. She made a Candy Crush clone
Speaker 1: that teaches you basic finance, and I'm like, her name
Speaker 1: is Angel Rich, and I just thought that's so awesome, right,
Speaker 1: like a fun game that teaches you about personal finance,
Speaker 1: but lets you play it like like like Candy Crush.
Speaker 1: So I just want to shout, like share a little
Speaker 1: bit of a win to miss Angel Rich and creating
Speaker 1: this awesome app that teaches folk. You know, yeah, it's
Speaker 1: like multiple you Well, two hundred fifty thousand people got
Speaker 1: the app within the first two weeks of launching. Wow,
Speaker 1: credit stuff gotten. Yes, I actually downloaded. I'm not gonna
Speaker 1: lie I haven't. I haven't played with it yet, but
Speaker 1: I downloaded it because it's free. Yeah. I'm just really
Speaker 1: just to see like this young woman building this dope
Speaker 1: app that's actually fun, but then teaching financial education. I
Speaker 1: think it's just a win win win.
Speaker 2: No good credit stacker.
Speaker 1: Check it out. Yeah, check it out, get it, play it.
Speaker 1: Let us know how you feel about it.
Speaker 2: Okay, So my win is gonna be I'm gonna be
Speaker 2: on cheddar TV tomorrow. If you guys are listening early
Speaker 2: in the morning, catch me on Cheddar TV.
Speaker 1: So.
Speaker 2: Cheddar is a millennial focused online what would you call
Speaker 2: it broadcast platform? So they live stream from the New
Speaker 2: York Stock Exchange and I'll be there tomorrow talking about
Speaker 2: what happens to debt after you get married. Yeah, I
Speaker 2: love me.
Speaker 1: Too, Honestly, even though like you giggled that, like you
Speaker 1: know that they're I forgot.
Speaker 2: We talked about it.
Speaker 1: Yeah, their logo and Swiss cheese, but whatever, exactly, like
Speaker 1: that's Swiss. Honestly, I love how chill they are and
Speaker 1: how fun they are and how like so Yeah. If
Speaker 1: you are not following Cheddar on Facebook or Instagram, you
Speaker 1: should be because if you're like, you know, wanting to
Speaker 1: learn about money in a fun way. Because Mandy's gonna
Speaker 1: be on.
Speaker 2: Congratulates Thanks Man, So catch me on Cheddar in the
Speaker 2: Maniana and you, Missy, please get better. I hope that.
Speaker 2: I hope that you're healed by the time you get
Speaker 2: to Austie Land.
Speaker 1: Yes, I'm gonna take my night quote before night night
Speaker 1: quot because I have day quill. Take night quiote tonight.
Speaker 1: I'm gonna go to bed early. Superman is like trying
Speaker 1: to wrap this like wool scarf around my head. I'm like,
Speaker 1: if you don't get away with me, I know. He's like, babe,
Speaker 1: he made me sue and like maybe put on sweats, socks,
Speaker 1: a T shirt, a hoodie. I'm like, I'm literally dying.
Speaker 1: It's hot outside. He's like, you have to sweat it out.
Speaker 1: I'm like, oh, I'm sorry. Do you have your doctor's degree?
Speaker 2: That's what moms pill say sweat about. No, like, take
Speaker 2: some I'm a big fan of zinc. I always take
Speaker 2: zinc before I get on flights. It's supposed to boost
Speaker 2: your moon system. And I feel like there's so many
Speaker 2: germs on planes. But zinc it's like the only minner
Speaker 2: of the vitamin. I think that is supposed to help
Speaker 2: if you're feeling sick from a cold or a virus
Speaker 2: that really can't be cured with antibiotics. Yeah, that's what
Speaker 2: I've read, So it makes me feel better. Zinc hot
Speaker 2: tea with ginger, lemon honey, A lot, a lot, a
Speaker 2: lot of trash TV always helps me feel better.
Speaker 1: Yeah, I'm gonna, yeah, I'm gonna, honestly, like literally curl up.
Speaker 1: I made my list of things to pack. We thank
Speaker 1: goodness my flight is at five because I have not
Speaker 1: He said, just take tonight to rest because I took
Speaker 1: the tomorrow off obviously because I'm traveling. But like, I'm
Speaker 1: gonna pass back tomorrow morning. I'm not my I'm going
Speaker 1: with my my publicist slash best friend. She hates when
Speaker 1: I tell people she's my best friend. She was like,
Speaker 1: oh my god, stop telling people. I'm like why because
Speaker 1: she's like, you know, I know in these streets like no,
Speaker 1: I'm your papa, sist somebody, hey girl whatever and.
Speaker 2: Is a boss.
Speaker 1: We all know that exactly. I'm like Rianda you not
Speaker 1: to prove to nobody. So she I'm going with her
Speaker 1: because she has a client that she's going there with,
Speaker 1: and she's like, you should come. I'm like, uh, I'm there,
Speaker 1: So I'm gonna have a dope time. I just want
Speaker 1: to have a dope time and not be dead.
Speaker 2: So you're gonna get better. You're gonna have a great trip, happy,
Speaker 2: happy birthday trip.
Speaker 1: Yes, I'm doing it like my arms are out to
Speaker 1: my I know you guys like the visuals. My arms
Speaker 1: are out to the side and my hand is in
Speaker 1: the fist and I'm doing that. That's shimmy that you know,
Speaker 1: you see like older women do, like, yeah, they lean
Speaker 1: forward and lean back. Yeah, shakey, shakey forward, shakey, shakey back.
Speaker 1: That's my yes, just so you can see. And I'm
Speaker 1: wearing a bright orange Orlando, Florida. It's more like a
Speaker 1: fluorescent pink actually wet shirt that Superman forced on me.
Speaker 1: So yes, in my bright pink. Get into it. Just
Speaker 1: a little visual to leave you with.
Speaker 2: Good night, y'all, go to go to sleep, feel better,
Speaker 2: get better, so you're not gonna remember any of this episode.