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Speaker 1: Hey, hey, Hey, we're back. We're super Black today. As

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Speaker 1: per usual, we're Brown Ambition. Hey, Mandra and special guests.

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Speaker 2: Hey, hey, hello to our special guest today, doctor Pamela Jolly.

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Speaker 2: I cannot wait to introduce you to y'all, to you guys,

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Speaker 2: to our ba fam. I was actually on a panel

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Speaker 2: with doctor Jolly a few weeks ago and afterward just

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Speaker 2: wanted to know more. You know how on a panel

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Speaker 2: everyone gets like seven and a half minutes to speak,

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Speaker 2: but doctor Jolly seven and a half minutes.

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Speaker 1: I was like, I need more.

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Speaker 2: Let me, let me, let me make her talk to

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Speaker 2: me some more. So invited her to the show today

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Speaker 2: and I cannot waits tell you about her. So let

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Speaker 2: me just give you a little bit of a rundown,

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Speaker 2: Doctor Jolly'll let you say hello, but let's put some

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Speaker 2: respect on your name and your experience. Doctor Pamela Jolly y'all,

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Speaker 2: is a wealth strategist, a renowned speaker and author committed

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Speaker 2: to guiding men, women, business owners, face leaders, and young

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Speaker 2: professionals toward building legacy their way. She is a I mean,

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Speaker 2: how many degrees I can't even keep track. She's a

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Speaker 2: graduate of Hampton University, The Wharton School of Business, Boston

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Speaker 2: University School of Theology, and Graduate Theological Foundation. After building

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Speaker 2: a successful career in finance, working for companies like Nations,

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Speaker 2: Bake Accenture, and a private equity firm she helped build

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Speaker 2: called The Boy Partners. In two thousand and four, doctor

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Speaker 2: Jolly launched Torch Enterprises, which is her strategic investment firm

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Speaker 2: that focuses on women and minority owned businesses, and in

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Speaker 2: twenty fifteen she launched The Narrow Road, which is a

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Speaker 2: methodology focused on educating anyone wanting to build wealth via

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Speaker 2: ownership and equity. Doctor Pamela Jolly, Welcome to Brown Ambition.

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Speaker 2: So tell us about Torch at its heart. What is

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Speaker 2: Torch Enterprises and what do you do as a wealth strategist?

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Speaker 3: Yeah, so great question. So Torch stands for passing the

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Speaker 3: torch from one generation to the next to build legacy

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Speaker 3: wealth via own ship and increased equity. And so I

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Speaker 3: started towards Hard to Believe twenty years ago based on

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Speaker 3: something that really frustrated me that relative to the contributions

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Speaker 3: that African Americans have made to America, we just didn't

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Speaker 3: known enough, We just didn't have enough wealth. And because

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Speaker 3: I have worked my entire career in financial services. I

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Speaker 3: wanted more of us to understand that we're not starting

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Speaker 3: from nothing, that our legacy is very valuable, and so

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Speaker 3: how do we really blend our belief that we will

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Speaker 3: do well with finance, business and strategy. So I raised

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Speaker 3: capital and awareness for African Americans and African American businesses

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Speaker 3: and their communities. I work with large philanthropic organizations, national banks,

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Speaker 3: large organizations as well as small businesses and communities. I

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Speaker 3: love what I do. It's been an amazing journey that

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Speaker 3: really started to shape itself post Katrina in New Orleans.

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Speaker 3: So I'm indebted to the city of New Orleans. Love

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Speaker 3: love New Orleans, but I've worked in over ninety three

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Speaker 3: cities across the So I love our community and I

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Speaker 3: see it as a business and I look forward to

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Speaker 3: elevating that standard with as many Black people as possible.

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Speaker 1: She said, I love us for real. Okay, shout out

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Speaker 1: to money for real. For real. Well, I'm excited that

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Speaker 1: you're here because I know we're really going to like

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Speaker 1: leaning heavily on talking about business and what it looks

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Speaker 1: like to be a successful black business. Kind of one

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Speaker 1: of the mistakes that we're making that you see across

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Speaker 1: the board, and what we can do to minimize those mistakes,

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Speaker 1: get access to capital, and do what businesses are meant

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Speaker 1: to do, which is grow and pass along. Well. So

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Speaker 1: I'm super jazz because you know, Mandy and I are

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Speaker 1: both business owners. So I'm just excited you're here.

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Speaker 2: Awesome. I'm grateful to be here both of you. And

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Speaker 2: I'm curious, like it's one of the things you encounter.

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Speaker 2: I mean, obviously you work on the ground with black

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Speaker 2: and brown owned businesses quite often, and for me, as

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Speaker 2: a newbie business owner, I think sometimes I wonder if

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Speaker 2: I'm not thinking big enough with my business. You know,

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Speaker 2: I just want to make it through the first year,

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Speaker 2: make it the first year.

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Speaker 1: Yah.

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Speaker 2: And of course, having listened to Tiffany and had sort

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Speaker 2: of a back back back seat to watching her build

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Speaker 2: multiple businesses over the past, I don't know, in your

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Speaker 2: decade we've known each other, it's been a privilege. But

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Speaker 2: sometimes I'm like, am I allowed to think that big yet?

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Speaker 2: And what do I have to lose by not thinking

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Speaker 2: big early? You know what I mean?

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Speaker 1: Yeah? Definitely.

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Speaker 3: Well, first of all, it is big for you to

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Speaker 3: have sustained a business for a year, you know, the

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Speaker 3: reality of small businesses and the tenure of them.

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Speaker 1: I did do that. I commanded I didn't want to

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Speaker 1: put interrupt and I was like, I need you.

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Speaker 3: To take ownership of that, right because the first year,

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Speaker 3: you know, it's what I call the idea phase. You know,

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Speaker 3: you got an idea, but business is a series of

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Speaker 3: consistently increasing levels of opportunity, right, So increasing relationships, it's

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Speaker 3: increased knowledge gain, it's increasing steps that have to be

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Speaker 3: streamlined and organized. And so that first year is really

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Speaker 3: you teaching you. Like am I a business owner? I

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Speaker 3: believe the call to entrepreneurship is a call from God

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Speaker 3: because it's a faith walk in many ways, and in

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Speaker 3: that first year it definitely is. So I think that,

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Speaker 3: you know, when we think about businesses one to three,

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Speaker 3: you're really figuring it out. And I think importance of

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Speaker 3: seeing things big. Think about Stephen Covey where he says,

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Speaker 3: you know, begin with the end in mind. You know,

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Speaker 3: you got to focus on your exit as soon as

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Speaker 3: you start, like how do you want to exit this business?

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Speaker 3: Do you want it to die with you? Eighty five

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Speaker 3: percent of businesses or lifestyle businesses, or do you want

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Speaker 3: to pass the torch to the next generation.

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Speaker 1: What is this really?

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Speaker 3: You know, some lifestyle businesses are for a specific phase,

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Speaker 3: and in that specific phase of time, you know, then

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Speaker 3: you learn and I want to do something different. That's

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Speaker 3: the other thing that I would encourage emergent business owners

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Speaker 3: as I call them, don't feel so locked in that

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Speaker 3: you don't feel like you can do anything else. There's

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Speaker 3: a tremendous amount of opportunities. You've got to steward and

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Speaker 3: manage your capacity.

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Speaker 1: Now that's really powerful because I so when I first

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Speaker 1: started my business, where I'm at year fourteen, I believe,

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Speaker 1: I know, and so it's been fourteen years. I've made

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Speaker 1: probably just over thirty million dollars in this gross obviously

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Speaker 1: because you know, I got thirty million that's my bank account.

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Speaker 1: But you know, but I feel like with each iteration

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Speaker 1: I have gotten clear on the end. In mind. In

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Speaker 1: the beginning, the Budgetesa was like can we pay these billsys?

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Speaker 1: That was the point. And so I made a business

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Speaker 1: where I was the sun, moon and stars like many

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Speaker 1: of us do, which is nothing wrong with that, but

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Speaker 1: I realized that, like, what if I don't want to

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Speaker 1: do Budgetista forever? And ever, how do. I cuse what

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Speaker 1: I've created here to build an additional business where I'm

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Speaker 1: not the sun, Moon and stars. And so I created

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Speaker 1: my online school literature academy where I'm one of many

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Speaker 1: financial educators there, which is great. So it's not heavily

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Speaker 1: tied to the Budgetista and the Budgetiessa is a die

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Speaker 1: with me business, you know, like I just did my

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Speaker 1: will and in it it says something happens to me.

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Speaker 1: My sisters are instructured to just sell it and take

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Speaker 1: the proceeds and split it four ways. Because what you're

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Speaker 1: going to do, you're gonna be Budgetesta says, you know.

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Speaker 3: And so.

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Speaker 1: But then my second business, I have a business partner,

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Speaker 1: but I'm a majority owner. And what that looks like

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Speaker 1: is that it can continue without me for the most part,

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Speaker 1: where I have almost pulled myself almost out of it.

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Speaker 1: I'm probably like eighty percent gone, like whereas if they

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Speaker 1: have a CEO there, that's not me anymore. My face

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Speaker 1: is largely missing, although we still use Budgetesa to do

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Speaker 1: some promo stuff, but even that we are slowly suing

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Speaker 1: chipping away, and I would say, by the end of

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Speaker 1: next year, you won't see me at all. And that's

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Speaker 1: a business where something happens to me. You know, my

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Speaker 1: shares go to my sisters as well. They're not voting shares.

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Speaker 1: You know. My business partner also has the ability to

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Speaker 1: buy them out should he decide to do so, or

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Speaker 1: if he doesn't buy them out, they just continue to

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Speaker 1: you know, get their peace, you know. But now this

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Speaker 1: third bis now I've started other smaller businesses in between then,

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Speaker 1: but this third business that I'm doing now, I'm very clear,

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Speaker 1: Like for the first time, I'm really clear at the

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Speaker 1: end in mind is I'm building it to sell within

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Speaker 1: five years, like, and I'm really clear on that. And

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Speaker 1: so can you share with us kind of like, how

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Speaker 1: can especially when you're first starting out, how can you

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Speaker 1: get clear with the end in mind when you're like,

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Speaker 1: I'm just trying to pay bills.

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Speaker 3: Yeah, well, get clear about how you're going to pay

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Speaker 3: the bills, right, So, marry yourself to your market, marry

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Speaker 3: yourself to your target market. Make sure you're building something

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Speaker 3: that you love. Make sure you recognize what you do

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Speaker 3: best and what you don't do best. Start to elevate

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Speaker 3: your trust levels so that you can hire appropriately, you know,

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Speaker 3: really getting very focused. Seventy one percent of hiring decisions

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Speaker 3: in small businesses are mistakes. Those are very cost not

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Speaker 3: just then zero.

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Speaker 2: Yes, so it's not that because we usually go to

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Speaker 2: our family and friends first, because.

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Speaker 1: First of all, we're about ninety percent over here.

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Speaker 2: Just so.

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Speaker 3: Here's what I believe based from my experience. I think

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Speaker 3: it has largely about the blind spots that we have

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Speaker 3: about what we really need. Yeah, you know, so I

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Speaker 3: really think that people should take some time to write out,

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Speaker 3: you know, what is that job description and how does

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Speaker 3: it really impact the business. The other thing is you know,

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Speaker 3: looking at you know, employment of other people. Both, yes,

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Speaker 3: it is an expense, but it's also an investment. It's

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Speaker 3: leadership and so it's building relationships. So is this just

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Speaker 3: a transactional job where they if they show up, praise God.

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Speaker 3: If they do what they tell you, praise God? Or

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Speaker 3: is it really you want someone to think with you,

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Speaker 3: you know, build with you, grow with you. So it's

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Speaker 3: really getting very clear about that. But I think in

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Speaker 3: the beginning, you know, when you don't have enough money,

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Speaker 3: then we said we hire our friends and family because

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Speaker 3: it's cheap. I think getting very clear about what you

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Speaker 3: can do by yourself and the capacity in which you

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Speaker 3: can do it. Some folks get so married to such

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Speaker 3: a large vision at the end that they kind of

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Speaker 3: discount what they're able to do in the beginning. You know,

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Speaker 3: what can you actually do with the time that you have?

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Speaker 3: So I think it's really important to be very focused

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Speaker 3: and very clear. In my work with the Narrow Road,

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Speaker 3: I created a predictive modeling component. One of my last

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Speaker 3: jobs in corporate America was a market research strategist, so

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Speaker 3: learned how to create different algorithms and typing tools and

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Speaker 3: the importance of segmenting the market. And what I created

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Speaker 3: was a predictive modeling component. So I type people and

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Speaker 3: once you understand your wealth identity, we're able to get

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Speaker 3: really clear about how do you articulate what you do

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Speaker 3: and what you need in order to successfully build the

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Speaker 3: relationships required for your business to be successful.

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Speaker 1: Where does somebody get a hold of that ask it

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Speaker 1: for a friend.

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Speaker 3: So my first book was written eight years ago, right

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Speaker 3: after my dad passed away, and a larger publisher, so

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Speaker 3: I published it with my own publishing company and then

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Speaker 3: a larger publisher, Worthy Publishing that's run by Marva Allen

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Speaker 3: who owns Human Bookstore. She approched pandemic. I love her too.

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Speaker 3: She's amazing and she actually was one of my first

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Speaker 3: clients when I launched Torch in New York, and so

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Speaker 3: was so excited. Well, she took the book and we

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Speaker 3: reorganized it and it's coming out September twelfth.

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Speaker 2: Oh oh, concrelation. Thank you.

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Speaker 3: And so this is the second edition of The Narrow

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Speaker 3: Road and inside of it is the Wealth Identity Typing Tool.

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Speaker 3: And then I have a wealth Finishing school that's launching

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Speaker 3: in November where I really help people own their identity

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Speaker 3: and really build wealth their way so they can build

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Speaker 3: the right relationships with the financial professionals. Because that's what

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Speaker 3: I wanted to say, tiffany One. I'm so proud of

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Speaker 3: your trajectory and what you're doing. But even hearing you,

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Speaker 3: you can tell you've spoken to professionals that you trust

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Speaker 3: and you understand they've given you advice, You've applied that advice,

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Speaker 3: you've gotten their results, and you're moving forward.

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Speaker 1: So that's how you do it.

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Speaker 3: You basically start with the solid foundation and you build,

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Speaker 3: grow and expand from there.

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Speaker 2: Okba fan, we will be right back with more of

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Speaker 2: our conversation on legacy building as black business owners. With

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Speaker 2: doctor Pamela Jolly.

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Speaker 1: And we're a bag more with doctor Jolly.

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Speaker 2: I'm curious at what point because I know Tiffany and

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Speaker 2: I talked about you know, the budget needs to for example,

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Speaker 2: and you haven't taken any funding Tiffany throughout your ever

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Speaker 2: your business is right, of course, I haven't taken any funding.

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Speaker 2: You have the occasional friend who's like, I want to

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Speaker 2: invest I'm like in what I want to buy me

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Speaker 2: a better webcam? I don't know, But taking on investments,

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Speaker 2: and when do you do you work at all with that?

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Speaker 2: You know that piece of it? When do I identifying

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Speaker 2: when you need outside capital and when it can be

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Speaker 2: you know, beneficial versus actually becoming something that can be

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Speaker 2: cumbersome or like be an issue down the road.

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Speaker 3: Yeah. So in my book, what I talk about is

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Speaker 3: there's four capital relationships. The least intimate relationship with capital

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Speaker 3: is transaction, right, So literally it's all a lot of

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Speaker 3: hard work. It does have equity in it, but it's

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Speaker 3: sweat equity and you work extremely hard. That next one

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Speaker 3: is a joint venture, and that's when you bring on

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Speaker 3: that friends and family who can support you where you're

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Speaker 3: a week now, whether they do it financially. My two

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Speaker 3: investors and first two investors in my company were my grandmothers.

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Speaker 3: And when black women that you don't expect to be

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Speaker 3: able to write checks write you checks, you get cash

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Speaker 3: flow positive and profitable a lot faster than others might try.

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Speaker 3: So I'm so grateful that it was my grandmothers who

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Speaker 3: believed in me that invested that next level of capital

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Speaker 3: is where growth capital. Now, growth capital can be either

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Speaker 3: debt or equity, and I want people to understand the difference.

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Speaker 3: You know, debt has rules and regulations. The financial services

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Speaker 3: industry is the highest regulated industry in the country. So

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Speaker 3: they can't give you money because they like you. They

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Speaker 3: have to give you money because you fit a certain

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Speaker 3: criteria that's a good risk for them to take to

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Speaker 3: deploy capital for you. Now, there's different types of debt

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Speaker 3: capital that you can get. And during the pandemic, and

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Speaker 3: so many things happened in the pandemic as it relates

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Speaker 3: to minority owned businesses, people started to realize that many

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Speaker 3: minority own businesses did not have a relationship with a

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Speaker 3: financial institution that they trusted or understood. A tremendous amount

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Speaker 3: of capital was deployed to CDFIs who across the country

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Speaker 3: are cash flow lenders. But that means that you've got

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Speaker 3: to have positive cashlow.

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Speaker 1: That means that you have to.

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Speaker 3: Understand what your operating budget is, and what is the

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Speaker 3: deficit in your operating budget, and what would it take

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Speaker 3: for you to build up the working capital level. And

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Speaker 3: so then the next level is equity. From my perspective, now,

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Speaker 3: equity is the most intimate relationship you can have in

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Speaker 3: terms of capital. Equity means that you no longer can

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Speaker 3: do everything.

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Speaker 1: You want to do.

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Speaker 3: You've got to align your vision with those who are

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Speaker 3: investing in you. The outcome that they see might be

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Speaker 3: different than the outcome that you see. It also might

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Speaker 3: be further down the road that you can afford to

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Speaker 3: look and may or may not include you. Right, Equity

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Speaker 3: requires an exit, a defined exit in a specific period

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Speaker 3: of time, with a specific return on investment. And so

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Speaker 3: oftentimes some of us like to jump in skip steps

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Speaker 3: straight to equity. You know, one of the things that

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Speaker 3: I want people to think about is if you have

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Speaker 3: pre revenue, right, you are a pre revenue company and

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Speaker 3: you're looking for equity. There are some industries where you

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Speaker 3: do need to raise.

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Speaker 1: That type of money.

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Speaker 3: But Tiffany and Mandy, you are the earn your way, right.

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Speaker 3: There's there's earners and there's owners. But these earners who

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Speaker 3: they earn their way. Some people call it bootstrap.

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Speaker 1: I call it reality.

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Speaker 3: You know, I've never raised capital outside of my grand

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Speaker 3: My grandparents and my best friend's parents invested in me

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Speaker 3: in the beginning. After that, I was able to continue

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Speaker 3: to self invest in my enterprise to be able to build,

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Speaker 3: grow and expand it amazing. But ownership was important to me,

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Speaker 3: and passing the torch was important to me. And so

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Speaker 3: once again you've got to get clear about your end.

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Speaker 3: What's really important to you. Is equity capital bad not

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Speaker 3: at all. Equity capital is amazing, but it's a different

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Speaker 3: type of relationship that you have with others around the

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Speaker 3: vision for your enterprise.

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Speaker 2: So you see them as sorts of stepping stones, you know,

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Speaker 2: starting smaller and then maybe like you want to maybe

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Speaker 2: start with like self funding a little bit and then

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Speaker 2: seek out like a friends and family around of fundraising.

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Speaker 2: I remember when we.

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Speaker 3: Yeah, So here's what I'll tell you because it dilutes you. Right,

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Speaker 3: So if you in the beginning memory talked about the

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Speaker 3: idea stage of business. When you're in the beginning stages

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Speaker 3: of trying to figure it out and you raise equity,

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Speaker 3: they're not investing in the idea. They're investing in that

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Speaker 3: idea maturing to exit. And so you might say, well,

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Speaker 3: I want to pivot. Well, if the business is doing well,

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Speaker 3: they're gonna say why unless you can prove the business

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Speaker 3: case all over again. And so it's important for you

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Speaker 3: to have the cadence of your capital with the cadence

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Speaker 3: of your business.

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Speaker 1: It's one of the reasons why not that I was

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Speaker 1: ever offered because you know, a black woman, but it's

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Speaker 1: one of the reasons why I was like, I don't

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Speaker 1: want to take any outside financial I mean aside from

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Speaker 1: like if family and friends wanted to invest. But a

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Speaker 1: friend of mine just sold his blog for you know,

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Speaker 1: eight figures, and I suspect close to maybe like forty

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Speaker 1: or fifty million dollars. And he was like, I know

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Speaker 1: they're beating down your door, Tiffany. I'm like, now, despite

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Speaker 1: all the success, despite that, we you know, we've only

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Speaker 1: had profitable years, some years more certain than others. I mean,

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Speaker 1: now the budgetista is like rocking and rolling. Like I

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Speaker 1: was talking to my CFO the other day. She was like, Tiffany,

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Speaker 1: because I have not focused on budget. Oh, most of

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Speaker 1: my focus has been the Literature Academy for the last

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Speaker 1: six or seven years when I opened it, because it

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Speaker 1: needed just a lot. So the BUDGETNISTA was like kind

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Speaker 1: of on the back barner, and it just made because

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Speaker 1: it was a solid business that made money connect what

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Speaker 1: I call kind of like accidentally. But now that I'm

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Speaker 1: no longer the CFO of CEO of that business, I

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Speaker 1: focused on the BUDGETNISA, and we have been slaying our

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Speaker 1: our profit margin to the point where she's like, we

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Speaker 1: need to spend more. I'm like, oh what seventy nine percent?

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Speaker 1: Like we knew that, we just we have doubled. I

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Speaker 1: mean I told her in the beginning of the year,

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Speaker 1: I said, Okay, this is what I want to make

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Speaker 1: by the end of the year, and we're already there

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Speaker 1: plus some and I was like, all right, some new goals.

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Speaker 1: And so I guess my question is it's like, because

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Speaker 1: now I'm in this place and space where I want

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Speaker 1: to do less, so I really want and I'm not

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Speaker 1: gonna lie. When I heard that he had sold his business,

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Speaker 1: I got a little salty because I was just like, well,

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Speaker 1: why not me? Why not me? With all that I've

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Speaker 1: built and grown? Why not me? And I said, well, Tiffany,

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Speaker 1: have you intended it to your point doctor Jolly, and

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Speaker 1: I had not. I don't want to sell Budget the

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Speaker 1: to because I'm not going to lie, he asked me.

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Speaker 1: He's like, if you want, I can get BUDGETI to

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Speaker 1: ready to sell in sixteen months, and I was like, no,

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Speaker 1: because it's still something that I really enjoy doing. So

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Speaker 1: instead I'm building something else that probably take about five years,

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Speaker 1: I'm estimating, But because I just it feels very disheartening

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Speaker 1: that I hear people who are not doing nearly as

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Speaker 1: much as what you know black and brown women are

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Speaker 1: doing that don't get those same opportunities. It's just really frustrating.

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Speaker 3: Well, I hear you, Tiffany, and if you would allow

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Speaker 3: me to kind of go deeper into that for a second.

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Speaker 3: I mean again, I said that equity is the most

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Speaker 3: intimate relationship that you can have. But also as black

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Speaker 3: and brown individuals, particularly African Americans. You know, my research,

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Speaker 3: what I found is that we're the only people in

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Speaker 3: America who were first capital before we ever made capital,

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Speaker 3: and so we can't help but look at business as

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Speaker 3: personal and so I hear you, and I've read your books,

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Speaker 3: and I've also listened to you from the beginning. Bud

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Speaker 3: Jeanista is a heart brand. From my perspective, you care

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Speaker 3: about your people, you care about what you offered. It's

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Speaker 3: hard to sell that. And the other thing is that

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Speaker 3: when people don't understand our hearts. You know, Black women

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Speaker 3: are so powerful in their own right, but oftentimes we

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Speaker 3: don't toot our own homewns because we're too busy doing

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Speaker 3: what needs to be done to be able to move

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Speaker 3: things that we care about forward. And so as a result,

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Speaker 3: it's about relationship. I'm not saying that there isn't any

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Speaker 3: bias in the marketplace, but I am saying that as

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Speaker 3: it relates to investing in black women own brands, if

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Speaker 3: you will, it's still uncharted territory. We're still very much

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Speaker 3: at the emergent stages of building business relationships to be

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Speaker 3: able to do so. And you said it yourself, if

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Speaker 3: you really wanted to.

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Speaker 1: Do it, you could, right.

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Speaker 3: But the beautiful thing about it is you have a choice.

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Speaker 3: Wealth is a choice. You're able to choose how you

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Speaker 3: build wealth with the assets that you have been able

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Speaker 3: to build and grow and expand. So the other thing

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Speaker 3: about with a Budganista brand, I mean, if someone bought it,

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Speaker 3: they might have a different vision, and all of a sudden,

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Speaker 3: you see yourself all over the place, not portraying the

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Speaker 3: true authentic selling cult for you.

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Speaker 2: Yes, I was thinking like a prepaid debit card.

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Speaker 3: Oh girl.

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Speaker 1: I told him no to Budgetista. Although he was like,

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Speaker 1: I think you can get this amount of money. I

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Speaker 1: was like, yeah, no, but so I do have like

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Speaker 1: this other I bought a company a couple of years

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Speaker 1: ago and I've been on it and I've just been

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Speaker 1: trying to figure out what to do with it, and

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Speaker 1: I thought, you know what, this would actually be really great.

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Speaker 1: So I'm working on now and to your point, building relationship.

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Speaker 1: I just had a really great chat with a vice

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Speaker 1: president of a huge financial organization that I've known for

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Speaker 1: a number of years, just to ask what would you

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Speaker 1: need this to be in order for this type of

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Speaker 1: company to be interested. And so I'm starting to have

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Speaker 1: those conversations and realizing, oh, I need those type of

434
00:21:27,400 --> 00:21:29,480
Speaker 1: relationships to ask because I'm not going to build willy nilly.

435
00:21:29,680 --> 00:21:32,320
Speaker 1: If I'm going to build this new company like and

436
00:21:32,600 --> 00:21:35,480
Speaker 1: sell it then I need to know who would buy

437
00:21:36,320 --> 00:21:39,160
Speaker 1: and why and what does that look like. So I'm

438
00:21:39,240 --> 00:21:42,040
Speaker 1: very clear about what I'm building because I was just like, Okay,

439
00:21:42,600 --> 00:21:44,720
Speaker 1: I do want that. I want to have an exit,

440
00:21:44,880 --> 00:21:47,000
Speaker 1: not even for the money, but for the Can you

441
00:21:47,080 --> 00:21:49,440
Speaker 1: do it, Tiffany, because everything I've set my mind to

442
00:21:49,880 --> 00:21:53,440
Speaker 1: has happened, and this would be the biggest external expression

443
00:21:54,200 --> 00:21:57,320
Speaker 1: of doing something, and so I'm just really curious as

444
00:21:57,400 --> 00:21:59,679
Speaker 1: to can I do it? And if I can, then

445
00:21:59,720 --> 00:22:02,000
Speaker 1: I can bring that information back to women who look

446
00:22:02,080 --> 00:22:04,000
Speaker 1: like me who don't typically have access to that type

447
00:22:04,040 --> 00:22:04,560
Speaker 1: of information.

448
00:22:05,320 --> 00:22:07,159
Speaker 3: I love it, and you can do it, and you

449
00:22:07,240 --> 00:22:10,800
Speaker 3: will do it. And I think what's really powerful about

450
00:22:10,800 --> 00:22:13,199
Speaker 3: what you're saying is that you have the end already

451
00:22:13,200 --> 00:22:18,120
Speaker 3: in mind. So you're building the vision not solely to yourself, right,

452
00:22:18,320 --> 00:22:20,920
Speaker 3: You're allowing people to weigh in and influence that vision

453
00:22:21,560 --> 00:22:23,760
Speaker 3: so that it is palatable to the marketplace.

454
00:22:24,320 --> 00:22:26,560
Speaker 2: I don't I feel like I'm still in that. I'm

455
00:22:26,600 --> 00:22:28,560
Speaker 2: glad you gave me three years said one to three years,

456
00:22:28,680 --> 00:22:30,560
Speaker 2: or in that id phase, I'm like, I don't know

457
00:22:30,600 --> 00:22:33,520
Speaker 2: what the end looks like. I'm feeling good, but I'm

458
00:22:33,640 --> 00:22:36,640
Speaker 2: I'm of course I'm so much earlier in the process

459
00:22:37,119 --> 00:22:39,560
Speaker 2: that for me, it's harder to come to that end.

460
00:22:39,600 --> 00:22:41,919
Speaker 2: And maybe I'll come to a place where it's like, well,

461
00:22:42,000 --> 00:22:44,080
Speaker 2: this is the life. And I hadn't heard that term before.

462
00:22:44,160 --> 00:22:47,720
Speaker 2: Lifestyle business, you know, Mandy money is madey money. It's

463
00:22:47,800 --> 00:22:49,320
Speaker 2: like budgets and no one else can just be that.

464
00:22:50,680 --> 00:22:51,960
Speaker 2: But I think that's the thing I had to I

465
00:22:52,080 --> 00:22:56,040
Speaker 2: just haven't given myself the time to think beyond this

466
00:22:56,280 --> 00:22:58,840
Speaker 2: at this point. It's just I'm so all in with this,

467
00:22:59,520 --> 00:23:01,960
Speaker 2: and I feel feel like I just want to focus

468
00:23:02,040 --> 00:23:05,320
Speaker 2: on this for now, but always still be open to like,

469
00:23:05,440 --> 00:23:08,920
Speaker 2: this can't last forever, right like I can. It's not

470
00:23:09,040 --> 00:23:13,240
Speaker 2: sustainable forever, so what will come next? And I think

471
00:23:13,760 --> 00:23:16,680
Speaker 2: to your point about relationship building is surrounding my I

472
00:23:16,720 --> 00:23:18,720
Speaker 2: feel like it's important to surround myself with other people

473
00:23:18,840 --> 00:23:22,359
Speaker 2: doing similar like that entrepreneurial spirit and having businesses of

474
00:23:22,400 --> 00:23:25,240
Speaker 2: their own, so I can learn and just always be

475
00:23:25,359 --> 00:23:27,320
Speaker 2: in the mix with that to see what they're doing

476
00:23:27,440 --> 00:23:30,920
Speaker 2: and to learn from their insights. Which has been a

477
00:23:30,960 --> 00:23:32,560
Speaker 2: big part of what I focus on this year is

478
00:23:32,560 --> 00:23:33,800
Speaker 2: building those relationships.

479
00:23:34,920 --> 00:23:36,960
Speaker 3: I think that's awesome. So the first principle in the

480
00:23:37,040 --> 00:23:41,080
Speaker 3: narrow road. Is that seeing is believing, right, so really

481
00:23:41,800 --> 00:23:46,639
Speaker 3: imagining but also seeing other models of businesses that started

482
00:23:46,720 --> 00:23:48,520
Speaker 3: and you have got this wonderful one right in front

483
00:23:48,560 --> 00:23:51,960
Speaker 3: of you, of Tiffany, but like saying you know what's

484
00:23:52,040 --> 00:23:55,760
Speaker 3: possible and then being able to really measure what you want.

485
00:23:56,040 --> 00:23:58,840
Speaker 3: But also one of the things I love about business ownership,

486
00:23:59,200 --> 00:24:01,560
Speaker 3: you really got to get clear about what you want, yeah,

487
00:24:02,000 --> 00:24:05,760
Speaker 3: because if not, you'll have a lot of people encouraging

488
00:24:05,800 --> 00:24:07,399
Speaker 3: you to do things that you may not want. And

489
00:24:07,480 --> 00:24:10,520
Speaker 3: you might own a successful business, but it's not bringing

490
00:24:10,640 --> 00:24:13,080
Speaker 3: you Because we're talking about wealth. We talk about money

491
00:24:13,119 --> 00:24:16,120
Speaker 3: a lot. Anybody can get rich, but to build wealth,

492
00:24:16,240 --> 00:24:19,080
Speaker 3: that's a fulfilled life. So Mandy, start thinking about what

493
00:24:19,200 --> 00:24:21,880
Speaker 3: you want the work that you're doing to be able

494
00:24:21,920 --> 00:24:24,760
Speaker 3: to allow you to do to fulfill your life. And

495
00:24:24,840 --> 00:24:27,600
Speaker 3: if we can put a definitive timeline around it, you

496
00:24:27,680 --> 00:24:31,000
Speaker 3: know the window for wealth building. You know, we have

497
00:24:31,119 --> 00:24:34,680
Speaker 3: forty years of increasing levels of income to finance eighty

498
00:24:34,760 --> 00:24:38,720
Speaker 3: plus years of living. So think about what does that

499
00:24:38,920 --> 00:24:41,760
Speaker 3: look like and then run some projections that make some

500
00:24:41,880 --> 00:24:44,399
Speaker 3: sense for you. And there may be some areas of

501
00:24:44,480 --> 00:24:46,399
Speaker 3: your business that it can partner with other people. It

502
00:24:46,440 --> 00:24:49,480
Speaker 3: can do other things and open up avenues for you

503
00:24:49,640 --> 00:24:52,639
Speaker 3: to be able to move forward. But cast that vision

504
00:24:53,000 --> 00:24:55,879
Speaker 3: in that forty year window so that at the end

505
00:24:55,960 --> 00:24:59,560
Speaker 3: of that you can afford retirement and beyond, because it's

506
00:24:59,640 --> 00:25:02,800
Speaker 3: really really important that you were able to sustain a

507
00:25:02,880 --> 00:25:07,720
Speaker 3: lifestyle beyond the workface. I want more Black women now

508
00:25:07,800 --> 00:25:12,159
Speaker 3: than anything before to get excited about retirement because there

509
00:25:12,200 --> 00:25:15,080
Speaker 3: are so many opportunities for black and brown women in

510
00:25:15,160 --> 00:25:18,119
Speaker 3: particular to really make an impact. But I want you

511
00:25:18,160 --> 00:25:20,640
Speaker 3: to be able to afford to show up and show out.

512
00:25:21,280 --> 00:25:23,359
Speaker 3: And we've got a plan today in our window of

513
00:25:23,400 --> 00:25:24,600
Speaker 3: opportunity to be able to do that.

514
00:25:25,160 --> 00:25:28,040
Speaker 1: I'm trying to do that because honestly, one of the

515
00:25:28,080 --> 00:25:30,880
Speaker 1: biggest mistakes that I made as a Budgeanista was going

516
00:25:31,000 --> 00:25:34,919
Speaker 1: for going sake. So with the Budgeanessa had, it had

517
00:25:35,040 --> 00:25:38,879
Speaker 1: just grown beyond. I just was following the lead of

518
00:25:39,080 --> 00:25:41,200
Speaker 1: like the business in the business was telling me what

519
00:25:41,320 --> 00:25:43,320
Speaker 1: to do versus me telling the business what to do.

520
00:25:43,760 --> 00:25:46,760
Speaker 1: And I struggle with that for a really long time,

521
00:25:47,640 --> 00:25:50,600
Speaker 1: and especially as it became more successful, because I was

522
00:25:50,720 --> 00:25:53,639
Speaker 1: just like, well, isn't this one I worked towards so

523
00:25:55,080 --> 00:25:56,640
Speaker 1: you know what I mean, I really had a hard

524
00:25:56,640 --> 00:25:58,800
Speaker 1: time with it because I'm like, you know, the external

525
00:25:58,880 --> 00:26:01,800
Speaker 1: feedback was go keep going, go keep going, but then

526
00:26:01,920 --> 00:26:04,800
Speaker 1: internally I was like, I kind of am don't want

527
00:26:04,800 --> 00:26:06,560
Speaker 1: to go keep going, or maybe I want to go

528
00:26:06,600 --> 00:26:09,680
Speaker 1: in a different direction. And so honestly, it took for like,

529
00:26:09,840 --> 00:26:12,480
Speaker 1: you know, quite honestly, my husband passing away last year.

530
00:26:12,359 --> 00:26:15,960
Speaker 3: For me to be like, so sorry, Tiffany, thank you sorry, for.

531
00:26:16,040 --> 00:26:18,800
Speaker 1: Me to get super clear or I'm not doing this anymore.

532
00:26:19,680 --> 00:26:22,040
Speaker 1: I'm not, you know, And it made me really clear

533
00:26:22,160 --> 00:26:25,440
Speaker 1: that I had too many people on the team. You know,

534
00:26:25,520 --> 00:26:27,600
Speaker 1: most of them are really wonderful, but I was just like,

535
00:26:28,240 --> 00:26:30,400
Speaker 1: you know, you actually don't need to make as much, Tiffany,

536
00:26:31,000 --> 00:26:33,040
Speaker 1: like you know, like I said, now, I mean, at

537
00:26:33,080 --> 00:26:37,200
Speaker 1: one point, you know, was spending like I don't even know,

538
00:26:37,320 --> 00:26:39,720
Speaker 1: it was three times our our operating expenses for budget,

539
00:26:39,800 --> 00:26:42,480
Speaker 1: who were three times what they are now we actually

540
00:26:42,560 --> 00:26:45,000
Speaker 1: make more and then keep more. So I'm like, and

541
00:26:45,080 --> 00:26:47,639
Speaker 1: I do way less work. And it took like this

542
00:26:47,960 --> 00:26:52,840
Speaker 1: like abrupt shift to say, Tiffany, what do you actually

543
00:26:52,960 --> 00:26:56,480
Speaker 1: want to do because it's not this You're always working

544
00:26:56,600 --> 00:26:58,760
Speaker 1: and it's great that everybody wants you to be on

545
00:26:58,880 --> 00:27:01,639
Speaker 1: every podcast and and every this and every opportunity and

546
00:27:01,680 --> 00:27:04,879
Speaker 1: every speaking engagement, but at what cost to you personally?

547
00:27:05,280 --> 00:27:07,400
Speaker 1: And are you even really growing? Well, that's the part,

548
00:27:07,560 --> 00:27:10,760
Speaker 1: that's the part that's crazy, is that as much as

549
00:27:10,800 --> 00:27:14,400
Speaker 1: I was making as a business, I wasn't personally growing

550
00:27:14,440 --> 00:27:16,760
Speaker 1: as much wealth as you would think because I was

551
00:27:16,840 --> 00:27:19,920
Speaker 1: giving it all away, Like exactly, I don't even know

552
00:27:20,040 --> 00:27:21,720
Speaker 1: how I meant to become a millionaire, quite honestly. Like

553
00:27:21,760 --> 00:27:23,960
Speaker 1: my financial advice was like God looking after you, Tiffany,

554
00:27:23,960 --> 00:27:25,919
Speaker 1: because you really shouldn't be as much as you were

555
00:27:25,960 --> 00:27:28,720
Speaker 1: paying people. Everybody was getting six figure so I wasn't

556
00:27:28,720 --> 00:27:31,720
Speaker 1: even making six figures, like, you know, I was paying

557
00:27:31,760 --> 00:27:34,280
Speaker 1: everybody's six figures salaries. For the most part, everybody was

558
00:27:34,320 --> 00:27:37,920
Speaker 1: getting paid well. Everybody had insurance. Everybody had And so

559
00:27:38,600 --> 00:27:41,080
Speaker 1: now that's not so, you know, I'm down to like

560
00:27:41,119 --> 00:27:44,639
Speaker 1: three people, ill two people, my three myself included. I

561
00:27:44,760 --> 00:27:48,240
Speaker 1: do weigh less. I work, you know, I work only

562
00:27:48,320 --> 00:27:50,720
Speaker 1: really the things I really enjoy or that pays super

563
00:27:50,800 --> 00:27:55,879
Speaker 1: duper well. And so I'm just conscious of not letting

564
00:27:56,240 --> 00:27:58,360
Speaker 1: kind of like that creep in. And so for those

565
00:27:58,400 --> 00:28:02,200
Speaker 1: who are listening. You know, it's not I tell this

566
00:28:02,320 --> 00:28:03,920
Speaker 1: to all my mentees all the time, that it's not

567
00:28:04,280 --> 00:28:07,040
Speaker 1: just success for success sake, but how will it meet you?

568
00:28:07,240 --> 00:28:09,600
Speaker 1: Will you be healthy, happy and whole? You know, because

569
00:28:09,640 --> 00:28:11,800
Speaker 1: you can have all of the things and yet none

570
00:28:11,840 --> 00:28:14,760
Speaker 1: of the things. And I was there, I wasn't unhappy,

571
00:28:15,240 --> 00:28:18,600
Speaker 1: but certainly I was overwhelmed. You know that you can

572
00:28:19,440 --> 00:28:21,359
Speaker 1: What is it that there's a quote that says that

573
00:28:21,840 --> 00:28:25,359
Speaker 1: anything in its excess becomes its opposite, you know, like

574
00:28:25,440 --> 00:28:27,280
Speaker 1: you can actually drink so much water you're drawing yourself.

575
00:28:27,480 --> 00:28:29,720
Speaker 1: A friend of mine almost poisoned herself because she ate

576
00:28:29,760 --> 00:28:33,879
Speaker 1: so many carrots. Yes, so like you know it's healthy

577
00:28:33,960 --> 00:28:35,360
Speaker 1: because she was in middle school, so you know, we're

578
00:28:35,400 --> 00:28:38,000
Speaker 1: so extra in those school. I was like, your orange

579
00:28:38,080 --> 00:28:39,480
Speaker 1: is that normal? She's like, I don't know, but I

580
00:28:39,600 --> 00:28:42,520
Speaker 1: love carrots. And sure enough she fell out in class

581
00:28:42,600 --> 00:28:45,280
Speaker 1: and it turns out that she had like damaged her

582
00:28:45,360 --> 00:28:47,680
Speaker 1: liver because she ate so many carrots. So I just

583
00:28:47,760 --> 00:28:50,640
Speaker 1: share that to say that, like, you know, especially like

584
00:28:50,680 --> 00:28:52,480
Speaker 1: you know, Mandy, folks are in your position that are

585
00:28:52,560 --> 00:28:54,840
Speaker 1: kind of starting out that you know a lot, not

586
00:28:55,040 --> 00:28:57,400
Speaker 1: letting it get ahead of you and beyond you. So

587
00:28:57,520 --> 00:28:59,880
Speaker 1: that way you're actually one growing wealth, which is the purpose,

588
00:29:00,240 --> 00:29:03,240
Speaker 1: and two that it's meeting you healthy, happy, and whole.

589
00:29:04,560 --> 00:29:07,080
Speaker 3: All. So you know the pathway that you were on.

590
00:29:08,440 --> 00:29:11,760
Speaker 3: You know, the wealth is generational, right, and I talk

591
00:29:11,800 --> 00:29:14,720
Speaker 3: about legacy wealth, which is cross generational. It takes three

592
00:29:14,800 --> 00:29:18,160
Speaker 3: generations to build legacy wealth, only one generation to lose it.

593
00:29:18,520 --> 00:29:22,000
Speaker 3: But when four generations connect, the wealth will begins to turn.

594
00:29:22,120 --> 00:29:26,000
Speaker 3: So every generation is an opportunity to advance the collective forward.

595
00:29:26,560 --> 00:29:29,920
Speaker 3: But the first generation creates a standard and it works

596
00:29:29,960 --> 00:29:33,920
Speaker 3: extremely hard. And Tiffany, what you just described were the

597
00:29:34,040 --> 00:29:38,120
Speaker 3: components of a first generation business, right. That second generation

598
00:29:38,280 --> 00:29:42,360
Speaker 3: builds on that with structures and systems and relationships, and

599
00:29:42,480 --> 00:29:44,960
Speaker 3: that's what you describe that you have. Now you know

600
00:29:45,040 --> 00:29:49,480
Speaker 3: that third generation acquires you've done that too, acquires additional

601
00:29:49,520 --> 00:29:53,880
Speaker 3: opportunity through work that they have not done themselves, so

602
00:29:53,960 --> 00:29:57,880
Speaker 3: they partner with others. And then the fourth generation basically

603
00:29:58,000 --> 00:30:00,680
Speaker 3: expands it as a model, a whole model where yes,

604
00:30:00,840 --> 00:30:04,040
Speaker 3: you work hard, yes you have systems, Yes you partner

605
00:30:04,080 --> 00:30:05,440
Speaker 3: with other experts.

606
00:30:05,200 --> 00:30:06,400
Speaker 1: In areas that you don't have.

607
00:30:06,920 --> 00:30:09,880
Speaker 3: But here's the model, and it's culturally relevant and so

608
00:30:10,000 --> 00:30:12,480
Speaker 3: that's what I encourage many of our businesses spend some

609
00:30:12,640 --> 00:30:16,680
Speaker 3: time to build the internal culture. The internal culture is

610
00:30:16,800 --> 00:30:19,360
Speaker 3: why your people will work and you don't have to

611
00:30:19,440 --> 00:30:22,320
Speaker 3: pay them six figures at the door. They can work

612
00:30:22,360 --> 00:30:25,360
Speaker 3: their way up because they understand what the blueprint requires,

613
00:30:25,880 --> 00:30:28,840
Speaker 3: because you've written the blueprint. And so my prayer is

614
00:30:28,880 --> 00:30:31,320
Speaker 3: that more of our companies will really work to establish

615
00:30:31,400 --> 00:30:34,000
Speaker 3: a working culture where people want to live out their

616
00:30:34,080 --> 00:30:37,680
Speaker 3: career there or bring their best and then move on

617
00:30:37,920 --> 00:30:42,480
Speaker 3: to another level, but leave it better than they found it,

618
00:30:43,080 --> 00:30:45,320
Speaker 3: because that's where we are right now in elevating our

619
00:30:45,360 --> 00:30:48,640
Speaker 3: standard of business. So many of our businesses don't employ

620
00:30:48,760 --> 00:30:52,240
Speaker 3: anyone or employ so many people that they impinge upon

621
00:30:52,320 --> 00:30:56,960
Speaker 3: their profitability. The last thing I'll say is that parody

622
00:30:57,280 --> 00:31:00,440
Speaker 3: is a reality that should we get to that in

623
00:31:00,560 --> 00:31:03,920
Speaker 3: our community would change the game for everyone. You know,

624
00:31:04,200 --> 00:31:08,040
Speaker 3: data shows that African American and Brown owned businesses they.

625
00:31:08,360 --> 00:31:09,040
Speaker 1: Hire their own.

626
00:31:09,600 --> 00:31:13,840
Speaker 3: So our growth really provides opportunities to build wealth for

627
00:31:14,000 --> 00:31:16,960
Speaker 3: more than just ourselves. And so really thinking about the

628
00:31:17,000 --> 00:31:19,880
Speaker 3: bigger picture and moving forward in a way that fulfills

629
00:31:19,920 --> 00:31:22,520
Speaker 3: your life with a wealth outcome that you believe it

630
00:31:22,680 --> 00:31:26,400
Speaker 3: is critical and those two things are as important as

631
00:31:26,560 --> 00:31:29,000
Speaker 3: the other pieces. In terms of the money and the financials.

632
00:31:29,040 --> 00:31:31,640
Speaker 3: I'm a warton grad. I love the financials. But here's

633
00:31:31,680 --> 00:31:33,760
Speaker 3: the thing. I want you to live and enjoy your life,

634
00:31:34,200 --> 00:31:36,080
Speaker 3: but I also want you to understand why you're doing

635
00:31:36,120 --> 00:31:38,760
Speaker 3: it so that the next generation is following you wants

636
00:31:38,840 --> 00:31:41,680
Speaker 3: to pick up where you left off because you've finished

637
00:31:41,720 --> 00:31:44,360
Speaker 3: off a platform that makes sense.

638
00:31:44,720 --> 00:31:47,200
Speaker 2: So basically, Tiffany's done like four generations of work.

639
00:31:47,400 --> 00:31:49,880
Speaker 1: So I feel like I've been working on the trust.

640
00:31:50,040 --> 00:31:52,080
Speaker 1: Now that's like the last little piece, like I call

641
00:31:52,160 --> 00:31:54,600
Speaker 1: my thing financial wholeness, which is like these ten components

642
00:31:54,640 --> 00:31:58,200
Speaker 1: of your financial life. And the tenth component is estate planning.

643
00:31:58,640 --> 00:32:00,960
Speaker 1: And of course it just has to look different when

644
00:32:01,000 --> 00:32:03,480
Speaker 1: you have a business. And so one of the things I,

645
00:32:03,560 --> 00:32:04,880
Speaker 1: you know, I had to really get clear on is

646
00:32:04,960 --> 00:32:08,560
Speaker 1: what happens to my businesses when I'm no longer here?

647
00:32:09,480 --> 00:32:12,000
Speaker 1: And what if, like you know, like my sisters are

648
00:32:12,040 --> 00:32:15,320
Speaker 1: no longer here, what about their children? So really creating

649
00:32:15,400 --> 00:32:20,000
Speaker 1: to your point, doctor Jolly, like a model that the

650
00:32:20,160 --> 00:32:23,040
Speaker 1: wealth can be extended, even if it's not specifically through businesses.

651
00:32:23,160 --> 00:32:26,280
Speaker 1: Maybe it's like okay, then here here's how the funds

652
00:32:26,320 --> 00:32:29,400
Speaker 1: are continue to be invested, so that way beyond you,

653
00:32:30,080 --> 00:32:33,160
Speaker 1: you know that you know that the wealth continues there.

654
00:32:33,960 --> 00:32:36,040
Speaker 1: I saw this little old lady on I was watching

655
00:32:36,080 --> 00:32:38,440
Speaker 1: some of YouTube documentary about this woman from the Appalachia,

656
00:32:39,120 --> 00:32:41,320
Speaker 1: and I just remember being so impressed with her because

657
00:32:41,520 --> 00:32:45,480
Speaker 1: her family had two hundred acres in Appalachia, and you know,

658
00:32:46,400 --> 00:32:48,360
Speaker 1: on the surface, you would think like, okay, you know

659
00:32:48,560 --> 00:32:51,120
Speaker 1: she like stopped going to school on fourth grade. You know,

660
00:32:51,320 --> 00:32:53,760
Speaker 1: she herself had said that she wasn't very educated, but

661
00:32:53,880 --> 00:32:56,320
Speaker 1: she had sent all her kids for good schooling, as

662
00:32:56,400 --> 00:32:57,920
Speaker 1: she said, and she's like, you know, one of my

663
00:32:58,000 --> 00:32:59,960
Speaker 1: sons is a lawyer, one of my daughters is a tea.

664
00:33:00,320 --> 00:33:01,440
Speaker 1: You know, they don't want to live here in the

665
00:33:01,440 --> 00:33:04,160
Speaker 1: backworlds applation, but I sent them off. And one thing

666
00:33:04,240 --> 00:33:06,760
Speaker 1: I did was she said, is I put my two

667
00:33:06,920 --> 00:33:09,840
Speaker 1: hundred acres into a trust because won't be no weak

668
00:33:09,920 --> 00:33:12,680
Speaker 1: links here. And I thought that was genius. She said,

669
00:33:12,720 --> 00:33:16,560
Speaker 1: because this land does not belong to any individual person.

670
00:33:16,840 --> 00:33:19,720
Speaker 1: It belongs to our family line. And so she put

671
00:33:19,760 --> 00:33:22,120
Speaker 1: it in a trust. That like, so they all get

672
00:33:22,160 --> 00:33:26,160
Speaker 1: to benefit financially, but not just you, your kids, kids, kids, kids,

673
00:33:26,400 --> 00:33:29,000
Speaker 1: and if Walmart comes knocking and says, we'd love to buy,

674
00:33:29,080 --> 00:33:32,040
Speaker 1: you know, one hundred acres. The trust says, and now

675
00:33:32,640 --> 00:33:34,360
Speaker 1: because it's not up to that person because she's no

676
00:33:34,440 --> 00:33:38,360
Speaker 1: longer here. And I just thought, wow, that how smart

677
00:33:38,520 --> 00:33:41,320
Speaker 1: and genius this was. That she was looking after great

678
00:33:41,400 --> 00:33:44,680
Speaker 1: great great grandbabies that she would never meet, but she

679
00:33:44,720 --> 00:33:46,000
Speaker 1: would have a positive effect on.

680
00:33:47,040 --> 00:33:51,120
Speaker 3: And that's what's so beautiful. She's incorporated the family business. Yes,

681
00:33:51,200 --> 00:33:55,320
Speaker 3: so it's no longer a lifestyle business. It's a legacy business.

682
00:33:55,520 --> 00:33:58,720
Speaker 3: And so that's really where the opportunity is. And she

683
00:33:58,880 --> 00:34:01,600
Speaker 3: sounds like of the generation, the wealthiest generation in our

684
00:34:01,640 --> 00:34:05,240
Speaker 3: community is our grandparents generation. You know, they have the

685
00:34:05,360 --> 00:34:08,480
Speaker 3: ability to be able to afford to look beyond themselves

686
00:34:09,000 --> 00:34:11,799
Speaker 3: and want better. And so my prayer is that when

687
00:34:11,800 --> 00:34:13,640
Speaker 3: we get to that age, we can do the same.

688
00:34:13,760 --> 00:34:16,399
Speaker 3: But we've set it up a lot earlier, and it's

689
00:34:16,520 --> 00:34:20,319
Speaker 3: compounding and growing at a faster rate because what they're

690
00:34:20,360 --> 00:34:23,360
Speaker 3: doing is setting that strong foundation so that your nephew

691
00:34:23,480 --> 00:34:26,680
Speaker 3: who's a genius has a balance sheet with some equity

692
00:34:26,760 --> 00:34:29,200
Speaker 3: on it when he shows up at the equity table.

693
00:34:29,760 --> 00:34:33,280
Speaker 3: And so oftentimes, you know, we show up with an idea.

694
00:34:33,400 --> 00:34:34,960
Speaker 3: But I want us to show up with an idea

695
00:34:35,040 --> 00:34:38,560
Speaker 3: and some equity and ask somebody to match that. And

696
00:34:38,680 --> 00:34:43,080
Speaker 3: so that's really where the generational transfer of wealth, not

697
00:34:43,200 --> 00:34:47,640
Speaker 3: just financial wealth, but intellectual, social capital and spiritual really matters.

698
00:34:48,120 --> 00:34:50,440
Speaker 2: Well, doctor Pamela Jolly, thank you, thank you, thank you

699
00:34:50,520 --> 00:34:53,439
Speaker 2: so much for joining Ground Ambition. Please tell ba fam

700
00:34:53,640 --> 00:34:55,480
Speaker 2: where they can find out more about you, and get

701
00:34:55,520 --> 00:34:57,920
Speaker 2: a copy of that book that's coming out September twelfth,

702
00:34:58,160 --> 00:34:58,640
Speaker 2: Is that right.

703
00:34:59,160 --> 00:35:02,840
Speaker 3: Yes, twelfth, in a book in a black bookstore near you,

704
00:35:03,719 --> 00:35:08,520
Speaker 3: as well as Amazonandwordy dot com. And also I'm at

705
00:35:08,600 --> 00:35:12,920
Speaker 3: doctor Pamela Jolly on Instagram and then Torch Enterprises dot

706
00:35:13,000 --> 00:35:15,160
Speaker 3: com is the website where you can pre order. I

707
00:35:15,320 --> 00:35:19,000
Speaker 3: really really appreciate this opportunity to be on this amazing podcast,

708
00:35:19,080 --> 00:35:22,200
Speaker 3: Tiffany and Mandy. I've listened to other episodes. I love

709
00:35:22,280 --> 00:35:25,360
Speaker 3: what you're doing in terms of raising awareness and encouraging

710
00:35:25,440 --> 00:35:27,120
Speaker 3: people to think about the things that we need to

711
00:35:27,200 --> 00:35:29,600
Speaker 3: think about so that wealth can become a standard in

712
00:35:29,680 --> 00:35:32,000
Speaker 3: our community. So thanks so much for having me.

713
00:35:33,239 --> 00:35:33,560
Speaker 1: Thank you.

714
00:35:33,960 --> 00:35:37,440
Speaker 2: Awesome, thank you, doctor Jolly, excellent.

715
00:35:37,160 --> 00:35:42,879
Speaker 1: Thank you. And now it's time for boost breaks break.

716
00:35:44,400 --> 00:35:45,719
Speaker 1: I don't know why I can't do boost to break

717
00:35:45,719 --> 00:35:50,520
Speaker 1: without doing this like little soda bot. Okay, I mean spirit,

718
00:35:52,080 --> 00:35:54,080
Speaker 1: are we going to boost? I feel so bad because

719
00:35:54,280 --> 00:35:56,120
Speaker 1: I had this like mini boost and I cannot remember

720
00:35:56,160 --> 00:35:58,960
Speaker 1: the ladies names, but I met you in Chicago this

721
00:35:59,080 --> 00:36:02,000
Speaker 1: past week. I think it was like Lynn, oh girl,

722
00:36:02,040 --> 00:36:03,359
Speaker 1: I don't know you gave me a hug for Mandy.

723
00:36:05,080 --> 00:36:05,319
Speaker 2: Yeah.

724
00:36:05,400 --> 00:36:07,560
Speaker 1: I was there to speek speaking at at an event

725
00:36:07,680 --> 00:36:10,400
Speaker 1: for a financial brand, and my sister loves in Chicago,

726
00:36:10,480 --> 00:36:12,879
Speaker 1: so we all flew out there, except for Tracy because

727
00:36:12,880 --> 00:36:15,520
Speaker 1: she had code. But she's fine.

728
00:36:15,560 --> 00:36:15,680
Speaker 2: Now.

729
00:36:15,800 --> 00:36:17,880
Speaker 1: Oh, I know coming for all of us right now

730
00:36:18,160 --> 00:36:20,360
Speaker 1: for real, But I just want to say how to

731
00:36:20,440 --> 00:36:22,680
Speaker 1: those ladies and the gentleman that stopped me in the streets.

732
00:36:22,840 --> 00:36:25,279
Speaker 1: I was like, he was like, wait a minute, not

733
00:36:25,400 --> 00:36:28,560
Speaker 1: the budgetese, not brid ambition. I was like, indeed, I

734
00:36:28,680 --> 00:36:32,200
Speaker 1: am so shttown recognizes the the B of the A.

735
00:36:34,560 --> 00:36:37,040
Speaker 1: Are you gonna boost to break this this? Because I

736
00:36:37,080 --> 00:36:39,560
Speaker 1: do have one little other boost, but you're gonna boost

737
00:36:39,560 --> 00:36:39,840
Speaker 1: to break this.

738
00:36:39,960 --> 00:36:42,520
Speaker 2: I think we should do a cl okay, we should

739
00:36:42,520 --> 00:36:44,360
Speaker 2: do a collective boost and I'll do my own, but

740
00:36:44,760 --> 00:36:47,239
Speaker 2: collectively we got a boost and promote that we are

741
00:36:47,280 --> 00:36:51,000
Speaker 2: going to be on YouTube Live on July twenty eighth.

742
00:36:51,040 --> 00:36:52,879
Speaker 2: What are we calling this like, It's like D Day

743
00:36:52,920 --> 00:36:57,360
Speaker 2: but not, It's like recession Recession day. Will we or

744
00:36:57,440 --> 00:37:00,319
Speaker 2: won't we be in a recession? The report is coming

745
00:37:00,360 --> 00:37:02,880
Speaker 2: out July twenty eighth, and Tiffany and I, for the

746
00:37:03,000 --> 00:37:05,000
Speaker 2: first time ever, we're going to be hopping on YouTube

747
00:37:05,080 --> 00:37:09,200
Speaker 2: Live that afternoon to help you guys unpack whatever our

748
00:37:09,239 --> 00:37:12,440
Speaker 2: fates are together. Yeah, bring your tissues, I guess, or

749
00:37:12,480 --> 00:37:15,960
Speaker 2: bring your champagne. Either way, we'll either for any reactions.

750
00:37:16,080 --> 00:37:19,000
Speaker 1: Yeah, notebook for sure, because certainly, no matter what happens,

751
00:37:19,120 --> 00:37:21,800
Speaker 1: you know, we're going to have some some suggestions for

752
00:37:21,920 --> 00:37:24,440
Speaker 1: you about what to do next. So we're excited about it.

753
00:37:24,560 --> 00:37:28,920
Speaker 1: Recession Day again. It is July twenty eighth. You know,

754
00:37:29,040 --> 00:37:31,480
Speaker 1: make sure that you are subscribed to our newsletter and

755
00:37:31,600 --> 00:37:33,719
Speaker 1: that you're following us on social and if you go

756
00:37:33,760 --> 00:37:36,160
Speaker 1: to brownabispodcast dot com you can do all of that.

757
00:37:36,480 --> 00:37:38,239
Speaker 1: So that's how you're going to find out exactly what

758
00:37:38,360 --> 00:37:40,600
Speaker 1: time and how to join us. Whoop whoop, whoop, whoop woo.

759
00:37:41,000 --> 00:37:41,880
Speaker 1: I'm excited about that.

760
00:37:42,200 --> 00:37:44,800
Speaker 2: I'm excited. Thanks forgiving I feel like excited to have

761
00:37:44,880 --> 00:37:47,080
Speaker 2: something to look forward to besides just like getting the

762
00:37:47,160 --> 00:37:49,600
Speaker 2: dark news in the week hours in the morning and

763
00:37:49,719 --> 00:37:51,320
Speaker 2: having no one to cry with but myself.

764
00:37:51,440 --> 00:37:52,120
Speaker 1: Were in it together.

765
00:37:52,200 --> 00:37:53,280
Speaker 2: We're going, say weeks going.

766
00:37:53,239 --> 00:37:55,719
Speaker 1: Oh, family, and shout out to the people who are

767
00:37:55,880 --> 00:37:58,200
Speaker 1: still tagging me in the gym and the holograms post.

768
00:37:58,440 --> 00:38:01,000
Speaker 1: I just love y'all. I'm not out here on right,

769
00:38:01,160 --> 00:38:03,920
Speaker 1: I'm not out here alone. So I the boost I

770
00:38:03,960 --> 00:38:05,759
Speaker 1: wanted to do is I had such a good chat

771
00:38:05,920 --> 00:38:10,480
Speaker 1: with my bonus daughter, Alyssa. She is at like this, Uh.

772
00:38:10,920 --> 00:38:12,920
Speaker 1: I signed her for this like kind of like medical

773
00:38:13,200 --> 00:38:16,320
Speaker 1: pre med like summer camp thing because she's like interested

774
00:38:16,360 --> 00:38:20,120
Speaker 1: in maybe doing physical therapy. You know, she's a sophomore,

775
00:38:20,160 --> 00:38:21,960
Speaker 1: she's going to be a junior next year, and so

776
00:38:22,440 --> 00:38:25,600
Speaker 1: she signed up for it. She's there now. She's semi

777
00:38:25,680 --> 00:38:28,600
Speaker 1: excited about it because she was like, so Tiffy, I

778
00:38:28,760 --> 00:38:31,399
Speaker 1: have to like share a dorm room with someone. I'm like, yeah,

779
00:38:31,480 --> 00:38:33,920
Speaker 1: that's what college is like, because it's like pre college.

780
00:38:34,080 --> 00:38:35,520
Speaker 1: And she said they told us we have to bring

781
00:38:35,680 --> 00:38:37,960
Speaker 1: flip flops to the shower. It makes me believe they're

782
00:38:37,960 --> 00:38:42,240
Speaker 1: not clean. I was like, are gross?

783
00:38:42,640 --> 00:38:44,439
Speaker 2: Yes, I was really fun.

784
00:38:44,880 --> 00:38:47,400
Speaker 1: And she was like, but I was under the understanding

785
00:38:47,520 --> 00:38:50,239
Speaker 1: this girls too, that daddy had said that I was

786
00:38:50,280 --> 00:38:52,240
Speaker 1: going to get a condo when I went to school.

787
00:38:52,360 --> 00:38:55,759
Speaker 1: I was like, well, if you get a full scholarship

788
00:38:55,760 --> 00:38:57,800
Speaker 1: because we funded her college fund, if you get a

789
00:38:57,840 --> 00:39:00,640
Speaker 1: full scholarship to school, which you say, we can because

790
00:39:00,640 --> 00:39:02,600
Speaker 1: you know you've always been on the honor roll straight

791
00:39:02,640 --> 00:39:04,799
Speaker 1: a's and b's. You know, she she runs, she does

792
00:39:04,920 --> 00:39:07,480
Speaker 1: track and it has you know, it's active at school.

793
00:39:07,520 --> 00:39:09,839
Speaker 1: I told her, you get a full scholarship, then yes,

794
00:39:10,000 --> 00:39:13,080
Speaker 1: the money that we've set aside for school can be

795
00:39:13,239 --> 00:39:17,960
Speaker 1: used to purchase a condo off campus, and the condo

796
00:39:18,000 --> 00:39:20,759
Speaker 1: will be yours after graduation. But in the meantime, you

797
00:39:20,880 --> 00:39:23,760
Speaker 1: can have friends, you know, up to three girls whatever

798
00:39:24,400 --> 00:39:26,439
Speaker 1: hey rent to you so you don't have to work

799
00:39:26,920 --> 00:39:30,200
Speaker 1: during your school your college career. Like I actually got

800
00:39:30,239 --> 00:39:33,560
Speaker 1: that tea from from Lynette kaughp Fonnie Cox. She has

801
00:39:33,600 --> 00:39:34,040
Speaker 1: done this for her.

802
00:39:34,320 --> 00:39:37,440
Speaker 2: It's just for the sailingette. Yeah, she's amazing several children

803
00:39:37,520 --> 00:39:40,200
Speaker 2: through college and yeah.

804
00:39:40,080 --> 00:39:42,279
Speaker 1: Right, so that's great. So you know, you buy the

805
00:39:42,320 --> 00:39:47,560
Speaker 1: condo cash. You know, she go finishes school after you graduate.

806
00:39:47,760 --> 00:39:49,840
Speaker 1: That's your big graduation gift. Now you can decide to

807
00:39:49,880 --> 00:39:51,680
Speaker 1: sell it, you can continue renting it out, you can

808
00:39:51,719 --> 00:39:54,759
Speaker 1: live there by yourself, whatever, and so she was like, oh,

809
00:39:54,880 --> 00:39:56,600
Speaker 1: I said, so you have to do your job, which

810
00:39:56,680 --> 00:39:59,040
Speaker 1: is to get a full scholarship, and I will do

811
00:39:59,120 --> 00:40:01,600
Speaker 1: my job, which is to pay for this kindom. Now,

812
00:40:01,640 --> 00:40:03,239
Speaker 1: if you don't get a full scholarship, then that money

813
00:40:03,280 --> 00:40:05,239
Speaker 1: goes to school, which is you know, not a bad thing.

814
00:40:05,640 --> 00:40:08,479
Speaker 1: So I could tell she was like okay. And something

815
00:40:08,560 --> 00:40:11,239
Speaker 1: she said to me because she gets a stipend to

816
00:40:11,320 --> 00:40:12,920
Speaker 1: the summer program and she's like, I want to be

817
00:40:13,000 --> 00:40:14,480
Speaker 1: able to save at the end of the day three

818
00:40:14,560 --> 00:40:17,279
Speaker 1: hundred dollars by the end of the summer. And I

819
00:40:17,320 --> 00:40:19,520
Speaker 1: said that's great, and then she said something offhanded like yeah,

820
00:40:19,520 --> 00:40:20,880
Speaker 1: because if I want to buy something, I want to

821
00:40:20,920 --> 00:40:22,960
Speaker 1: be able to have it. And I said, well, how

822
00:40:23,040 --> 00:40:25,759
Speaker 1: much of the three hundred are you just saving to

823
00:40:26,080 --> 00:40:28,680
Speaker 1: later invest and she was like huh. So then I

824
00:40:28,960 --> 00:40:30,680
Speaker 1: told her the story of the goose that laid the

825
00:40:30,719 --> 00:40:35,560
Speaker 1: Golden egg, how like there are there's money that you see,

826
00:40:35,640 --> 00:40:37,839
Speaker 1: that money that you spend, and money that you save

827
00:40:37,960 --> 00:40:40,680
Speaker 1: for like purchasing something later, and then there's money that

828
00:40:40,800 --> 00:40:44,600
Speaker 1: you're literally just saving to grow. And she was like, okay,

829
00:40:44,640 --> 00:40:46,800
Speaker 1: So I told her the story how there was this gooose.

830
00:40:47,000 --> 00:40:49,160
Speaker 1: Every morning it laid this little golden egg, and the

831
00:40:49,200 --> 00:40:52,399
Speaker 1: family was able to use that golden egg to buy

832
00:40:52,440 --> 00:40:53,160
Speaker 1: the things they needed.

833
00:40:53,239 --> 00:40:55,279
Speaker 2: They got a little green a story that went along

834
00:40:55,320 --> 00:40:56,120
Speaker 2: with that, analogy.

835
00:40:56,480 --> 00:40:58,640
Speaker 1: Yes, and well you never heard the story the goose

836
00:40:58,640 --> 00:41:00,840
Speaker 1: that laid to go to the egg. Yeah, it's like,

837
00:41:00,880 --> 00:41:02,480
Speaker 1: I don't know, it's like one of these estops fable

838
00:41:02,520 --> 00:41:05,000
Speaker 1: type of stories. And so so the goose laid this

839
00:41:05,080 --> 00:41:07,359
Speaker 1: golden egg every single morning. The faman was like, woo woo,

840
00:41:07,440 --> 00:41:09,480
Speaker 1: it's enough to support us. But one day they got

841
00:41:09,520 --> 00:41:12,480
Speaker 1: greedy and said, I wonder how much gold is actually

842
00:41:12,560 --> 00:41:15,880
Speaker 1: inside this goose. I'd rather have my money upfront. They

843
00:41:16,000 --> 00:41:18,080
Speaker 1: cut the goose open, only to find that it was

844
00:41:18,160 --> 00:41:20,760
Speaker 1: just a regular goose on the inside. So now no goose,

845
00:41:20,880 --> 00:41:23,880
Speaker 1: no golden neck every month, and I told her, you

846
00:41:24,360 --> 00:41:27,720
Speaker 1: have to also have goose money, money that you're setting

847
00:41:27,760 --> 00:41:31,960
Speaker 1: aside that it can generate golden eggs for you moving forward.

848
00:41:32,200 --> 00:41:35,080
Speaker 1: And that's what investing does. That if you spend the

849
00:41:35,160 --> 00:41:37,759
Speaker 1: full three hundred, you're back back to zero. But of

850
00:41:37,880 --> 00:41:39,480
Speaker 1: the three hundred, if you say you set aside one

851
00:41:39,560 --> 00:41:42,120
Speaker 1: hundred and fifty dollars and we put it into an

852
00:41:42,120 --> 00:41:45,160
Speaker 1: account for you, and we save safe, save until maybe

853
00:41:45,160 --> 00:41:47,000
Speaker 1: you get to five hundred or one thousand, and then

854
00:41:47,040 --> 00:41:49,360
Speaker 1: we put it into your I have at a custodial

855
00:41:49,520 --> 00:41:52,359
Speaker 1: investment account for her. Then that is your goose money,

856
00:41:52,680 --> 00:41:55,360
Speaker 1: and that one day, once you graduated college, you'll be

857
00:41:55,400 --> 00:41:58,240
Speaker 1: able to withdraw golden eggs and never touch the goose.

858
00:41:58,920 --> 00:42:01,680
Speaker 3: And she was like, this is so enlightening.

859
00:42:02,520 --> 00:42:04,960
Speaker 1: So it was such a good financial conversation with this

860
00:42:05,080 --> 00:42:07,640
Speaker 1: almost sixteen year old that she wouldn't have had before.

861
00:42:07,719 --> 00:42:09,680
Speaker 1: So I told her, the next time we chat, and

862
00:42:09,800 --> 00:42:12,200
Speaker 1: want you to decide. Of the three hundred, how much

863
00:42:12,360 --> 00:42:14,239
Speaker 1: is going to be your goose money? I told her

864
00:42:14,280 --> 00:42:16,399
Speaker 1: between fifty and one hundred and fifty dollars. She can

865
00:42:16,440 --> 00:42:19,280
Speaker 1: decide because you want to give you know, like children,

866
00:42:19,640 --> 00:42:21,200
Speaker 1: it's also not like a child child, but you want

867
00:42:21,200 --> 00:42:22,960
Speaker 1: to give them choices. I said, you get to decide,

868
00:42:23,360 --> 00:42:25,720
Speaker 1: and then once you have that, once you make that decision,

869
00:42:25,840 --> 00:42:28,560
Speaker 1: we'll sit down with Angelie and we'll talk about, like,

870
00:42:28,680 --> 00:42:31,120
Speaker 1: how how much money do you have to does she

871
00:42:31,239 --> 00:42:33,720
Speaker 1: suggest you safe up to before we actually set aside

872
00:42:33,760 --> 00:42:36,080
Speaker 1: to invest on your behalf. So I just thought it

873
00:42:36,080 --> 00:42:38,000
Speaker 1: was such a good conversation and I was like, look

874
00:42:38,040 --> 00:42:41,840
Speaker 1: at me teaching the next setowing about it Goose and

875
00:42:41,880 --> 00:42:42,800
Speaker 1: Golden Egg stories.

876
00:42:44,120 --> 00:42:46,120
Speaker 2: That was not me if I mean, I had invested

877
00:42:46,160 --> 00:42:49,000
Speaker 2: all those earnings from the cap outlet and not thought

878
00:42:49,040 --> 00:42:50,280
Speaker 2: so many Fit and Flair jeans.

879
00:42:51,280 --> 00:42:54,440
Speaker 1: But girl, we was walking in the Fitflairs, the Express jeans.

880
00:42:54,520 --> 00:42:56,840
Speaker 1: Girl I lived in Express. It was like, if you

881
00:42:56,880 --> 00:42:59,239
Speaker 1: had a booty, gap was hard, but if you had

882
00:42:59,239 --> 00:43:01,160
Speaker 1: a booty, Express was like, Okay, we got you.

883
00:43:03,719 --> 00:43:06,120
Speaker 2: Oh that's great. And shout out to Supergirl because I

884
00:43:06,239 --> 00:43:09,520
Speaker 2: feel like, yeah, I love that y'all have You've like

885
00:43:09,680 --> 00:43:11,759
Speaker 2: shared your relationship with her, and I don't think that's

886
00:43:11,760 --> 00:43:13,680
Speaker 2: the kind of conversation y'all could have had if you

887
00:43:13,719 --> 00:43:16,640
Speaker 2: hadn't like slowly been building this trust in this relationship

888
00:43:16,719 --> 00:43:20,040
Speaker 2: for a long time. Now. Yeah, right, Okay, Well, I'm

889
00:43:20,040 --> 00:43:22,319
Speaker 2: gonna do a little baby boost of my own really quick,

890
00:43:22,440 --> 00:43:26,279
Speaker 2: so y'all know I love Jennifer Lewis. Jennifer with one

891
00:43:26,400 --> 00:43:29,759
Speaker 2: end Lewis. She's the grandmom on Blackish. She's the mother

892
00:43:29,840 --> 00:43:33,800
Speaker 2: of Black Hollywood is her by her her memoir, So

893
00:43:33,840 --> 00:43:35,320
Speaker 2: if you guys haven't read it, go read it. But

894
00:43:35,400 --> 00:43:37,359
Speaker 2: she just got her she just got her flowers, her

895
00:43:37,400 --> 00:43:40,719
Speaker 2: Walk of Fame star on the Hollywood Walk of Fame,

896
00:43:40,840 --> 00:43:43,600
Speaker 2: and I was, I like, I'd never tune in to

897
00:43:43,680 --> 00:43:46,319
Speaker 2: watch those things, but I just feel like, I love

898
00:43:46,440 --> 00:43:48,120
Speaker 2: Jennifer Lewis so much, so I tuned in to watch

899
00:43:48,160 --> 00:43:50,680
Speaker 2: her little ceremony, and of course she was like telling

900
00:43:50,760 --> 00:43:53,319
Speaker 2: the crowd, y'all better go out there and vote because

901
00:43:53,320 --> 00:43:55,080
Speaker 2: they're trying to take your rights right now. You know,

902
00:43:55,200 --> 00:43:58,560
Speaker 2: she's always teaching, always preaching, and I just love her

903
00:43:58,960 --> 00:43:59,319
Speaker 2: and her.

904
00:43:59,320 --> 00:44:02,440
Speaker 1: Very and I don't f it up. Go vote. I

905
00:44:02,600 --> 00:44:06,920
Speaker 1: was rolling, Yes, I.

906
00:44:07,040 --> 00:44:10,120
Speaker 2: Love it so Jennifer Lewis, And if y'all haven't, first

907
00:44:10,120 --> 00:44:14,080
Speaker 2: of all, I get the audiobook, Like the audiobook from

908
00:44:14,160 --> 00:44:17,160
Speaker 2: Jennifer Lewis of her memoir is just if she'll have

909
00:44:17,239 --> 00:44:19,680
Speaker 2: you laughing, rolling, She's singing and performing in the whole thing.

910
00:44:20,280 --> 00:44:23,800
Speaker 2: She's iconic. So congrats to her, and congratulations on a

911
00:44:23,880 --> 00:44:25,640
Speaker 2: well deserved Hollywood Walk of Fame.

912
00:44:25,960 --> 00:44:27,759
Speaker 1: So I listened to it because you made it. You

913
00:44:27,800 --> 00:44:29,080
Speaker 1: told me about that book. It was such a good

914
00:44:29,120 --> 00:44:30,560
Speaker 1: Manby always gets really good book.

915
00:44:30,320 --> 00:44:33,239
Speaker 2: Suggestions, and so I like, girl, you're the one with

916
00:44:33,239 --> 00:44:35,440
Speaker 2: all the books. I think I've read like a fraction

917
00:44:35,640 --> 00:44:36,680
Speaker 2: of the books that you have read.

918
00:44:36,760 --> 00:44:38,960
Speaker 1: But but you give me the suggestions. I add everything.

919
00:44:39,200 --> 00:44:41,160
Speaker 1: Whenever someone gives you a suggestion. I added to a

920
00:44:41,239 --> 00:44:43,600
Speaker 1: watch list on my Audible and then like, you know,

921
00:44:43,600 --> 00:44:45,040
Speaker 1: I'll do some more research to see if I think

922
00:44:45,040 --> 00:44:47,440
Speaker 1: I'm going to enjoy it, and then you know, I'll

923
00:44:47,480 --> 00:44:48,920
Speaker 1: listen to it later. But that was a really good

924
00:44:48,920 --> 00:44:51,719
Speaker 1: suggestion because I enjoyed that book tremendously.

925
00:44:52,960 --> 00:44:56,759
Speaker 2: It's so good, all right, ba fam, Well, okay, don't

926
00:44:56,800 --> 00:45:01,120
Speaker 2: forget tune in next Thursday, the twenty eighth. This is

927
00:45:01,200 --> 00:45:03,640
Speaker 2: the day after we usually air the show, so come

928
00:45:03,760 --> 00:45:07,439
Speaker 2: to YouTube Live. We'll be on Thursday afternoon. Like Tiffany said,

929
00:45:07,520 --> 00:45:10,759
Speaker 2: check Brownambission dot com for details. Go don't walk run.

930
00:45:11,040 --> 00:45:14,560
Speaker 2: We'll see y'all then, Hey, ba fan, we could not

931
00:45:14,680 --> 00:45:17,160
Speaker 2: do this show without your support or the support of

932
00:45:17,239 --> 00:45:20,400
Speaker 2: our team behind the scenes. The Brown Ambission podcast is

933
00:45:20,480 --> 00:45:24,240
Speaker 2: produced by Cumulus Podcast Network. It's edited by the wonderful

934
00:45:24,320 --> 00:45:28,600
Speaker 2: Imani Crosby and produced by Tanya Bustos, Dennis Stimplinsky, is

935
00:45:28,640 --> 00:45:32,080
Speaker 2: our in house tech guru, and I am Bandy Woodard Santos,

936
00:45:32,120 --> 00:45:34,879
Speaker 2: your co host, and I will see y'all next week.