Speaker 1: Hey, hey, Hey, we're back. We're super Black today. As
Speaker 1: per usual, we're Brown Ambition. Hey, Mandra and special guests.
Speaker 2: Hey, hey, hello to our special guest today, doctor Pamela Jolly.
Speaker 2: I cannot wait to introduce you to y'all, to you guys,
Speaker 2: to our ba fam. I was actually on a panel
Speaker 2: with doctor Jolly a few weeks ago and afterward just
Speaker 2: wanted to know more. You know how on a panel
Speaker 2: everyone gets like seven and a half minutes to speak,
Speaker 2: but doctor Jolly seven and a half minutes.
Speaker 1: I was like, I need more.
Speaker 2: Let me, let me, let me make her talk to
Speaker 2: me some more. So invited her to the show today
Speaker 2: and I cannot waits tell you about her. So let
Speaker 2: me just give you a little bit of a rundown,
Speaker 2: Doctor Jolly'll let you say hello, but let's put some
Speaker 2: respect on your name and your experience. Doctor Pamela Jolly y'all,
Speaker 2: is a wealth strategist, a renowned speaker and author committed
Speaker 2: to guiding men, women, business owners, face leaders, and young
Speaker 2: professionals toward building legacy their way. She is a I mean,
Speaker 2: how many degrees I can't even keep track. She's a
Speaker 2: graduate of Hampton University, The Wharton School of Business, Boston
Speaker 2: University School of Theology, and Graduate Theological Foundation. After building
Speaker 2: a successful career in finance, working for companies like Nations,
Speaker 2: Bake Accenture, and a private equity firm she helped build
Speaker 2: called The Boy Partners. In two thousand and four, doctor
Speaker 2: Jolly launched Torch Enterprises, which is her strategic investment firm
Speaker 2: that focuses on women and minority owned businesses, and in
Speaker 2: twenty fifteen she launched The Narrow Road, which is a
Speaker 2: methodology focused on educating anyone wanting to build wealth via
Speaker 2: ownership and equity. Doctor Pamela Jolly, Welcome to Brown Ambition.
Speaker 2: So tell us about Torch at its heart. What is
Speaker 2: Torch Enterprises and what do you do as a wealth strategist?
Speaker 3: Yeah, so great question. So Torch stands for passing the
Speaker 3: torch from one generation to the next to build legacy
Speaker 3: wealth via own ship and increased equity. And so I
Speaker 3: started towards Hard to Believe twenty years ago based on
Speaker 3: something that really frustrated me that relative to the contributions
Speaker 3: that African Americans have made to America, we just didn't
Speaker 3: known enough, We just didn't have enough wealth. And because
Speaker 3: I have worked my entire career in financial services. I
Speaker 3: wanted more of us to understand that we're not starting
Speaker 3: from nothing, that our legacy is very valuable, and so
Speaker 3: how do we really blend our belief that we will
Speaker 3: do well with finance, business and strategy. So I raised
Speaker 3: capital and awareness for African Americans and African American businesses
Speaker 3: and their communities. I work with large philanthropic organizations, national banks,
Speaker 3: large organizations as well as small businesses and communities. I
Speaker 3: love what I do. It's been an amazing journey that
Speaker 3: really started to shape itself post Katrina in New Orleans.
Speaker 3: So I'm indebted to the city of New Orleans. Love
Speaker 3: love New Orleans, but I've worked in over ninety three
Speaker 3: cities across the So I love our community and I
Speaker 3: see it as a business and I look forward to
Speaker 3: elevating that standard with as many Black people as possible.
Speaker 1: She said, I love us for real. Okay, shout out
Speaker 1: to money for real. For real. Well, I'm excited that
Speaker 1: you're here because I know we're really going to like
Speaker 1: leaning heavily on talking about business and what it looks
Speaker 1: like to be a successful black business. Kind of one
Speaker 1: of the mistakes that we're making that you see across
Speaker 1: the board, and what we can do to minimize those mistakes,
Speaker 1: get access to capital, and do what businesses are meant
Speaker 1: to do, which is grow and pass along. Well. So
Speaker 1: I'm super jazz because you know, Mandy and I are
Speaker 1: both business owners. So I'm just excited you're here.
Speaker 2: Awesome. I'm grateful to be here both of you. And
Speaker 2: I'm curious, like it's one of the things you encounter.
Speaker 2: I mean, obviously you work on the ground with black
Speaker 2: and brown owned businesses quite often, and for me, as
Speaker 2: a newbie business owner, I think sometimes I wonder if
Speaker 2: I'm not thinking big enough with my business. You know,
Speaker 2: I just want to make it through the first year,
Speaker 2: make it the first year.
Speaker 1: Yah.
Speaker 2: And of course, having listened to Tiffany and had sort
Speaker 2: of a back back back seat to watching her build
Speaker 2: multiple businesses over the past, I don't know, in your
Speaker 2: decade we've known each other, it's been a privilege. But
Speaker 2: sometimes I'm like, am I allowed to think that big yet?
Speaker 2: And what do I have to lose by not thinking
Speaker 2: big early? You know what I mean?
Speaker 1: Yeah? Definitely.
Speaker 3: Well, first of all, it is big for you to
Speaker 3: have sustained a business for a year, you know, the
Speaker 3: reality of small businesses and the tenure of them.
Speaker 1: I did do that. I commanded I didn't want to
Speaker 1: put interrupt and I was like, I need you.
Speaker 3: To take ownership of that, right because the first year,
Speaker 3: you know, it's what I call the idea phase. You know,
Speaker 3: you got an idea, but business is a series of
Speaker 3: consistently increasing levels of opportunity, right, So increasing relationships, it's
Speaker 3: increased knowledge gain, it's increasing steps that have to be
Speaker 3: streamlined and organized. And so that first year is really
Speaker 3: you teaching you. Like am I a business owner? I
Speaker 3: believe the call to entrepreneurship is a call from God
Speaker 3: because it's a faith walk in many ways, and in
Speaker 3: that first year it definitely is. So I think that,
Speaker 3: you know, when we think about businesses one to three,
Speaker 3: you're really figuring it out. And I think importance of
Speaker 3: seeing things big. Think about Stephen Covey where he says,
Speaker 3: you know, begin with the end in mind. You know,
Speaker 3: you got to focus on your exit as soon as
Speaker 3: you start, like how do you want to exit this business?
Speaker 3: Do you want it to die with you? Eighty five
Speaker 3: percent of businesses or lifestyle businesses, or do you want
Speaker 3: to pass the torch to the next generation.
Speaker 1: What is this really?
Speaker 3: You know, some lifestyle businesses are for a specific phase,
Speaker 3: and in that specific phase of time, you know, then
Speaker 3: you learn and I want to do something different. That's
Speaker 3: the other thing that I would encourage emergent business owners
Speaker 3: as I call them, don't feel so locked in that
Speaker 3: you don't feel like you can do anything else. There's
Speaker 3: a tremendous amount of opportunities. You've got to steward and
Speaker 3: manage your capacity.
Speaker 1: Now that's really powerful because I so when I first
Speaker 1: started my business, where I'm at year fourteen, I believe,
Speaker 1: I know, and so it's been fourteen years. I've made
Speaker 1: probably just over thirty million dollars in this gross obviously
Speaker 1: because you know, I got thirty million that's my bank account.
Speaker 1: But you know, but I feel like with each iteration
Speaker 1: I have gotten clear on the end. In mind. In
Speaker 1: the beginning, the Budgetesa was like can we pay these billsys?
Speaker 1: That was the point. And so I made a business
Speaker 1: where I was the sun, moon and stars like many
Speaker 1: of us do, which is nothing wrong with that, but
Speaker 1: I realized that, like, what if I don't want to
Speaker 1: do Budgetista forever? And ever, how do. I cuse what
Speaker 1: I've created here to build an additional business where I'm
Speaker 1: not the sun, Moon and stars. And so I created
Speaker 1: my online school literature academy where I'm one of many
Speaker 1: financial educators there, which is great. So it's not heavily
Speaker 1: tied to the Budgetista and the Budgetiessa is a die
Speaker 1: with me business, you know, like I just did my
Speaker 1: will and in it it says something happens to me.
Speaker 1: My sisters are instructured to just sell it and take
Speaker 1: the proceeds and split it four ways. Because what you're
Speaker 1: going to do, you're gonna be Budgetesta says, you know.
Speaker 3: And so.
Speaker 1: But then my second business, I have a business partner,
Speaker 1: but I'm a majority owner. And what that looks like
Speaker 1: is that it can continue without me for the most part,
Speaker 1: where I have almost pulled myself almost out of it.
Speaker 1: I'm probably like eighty percent gone, like whereas if they
Speaker 1: have a CEO there, that's not me anymore. My face
Speaker 1: is largely missing, although we still use Budgetesa to do
Speaker 1: some promo stuff, but even that we are slowly suing
Speaker 1: chipping away, and I would say, by the end of
Speaker 1: next year, you won't see me at all. And that's
Speaker 1: a business where something happens to me. You know, my
Speaker 1: shares go to my sisters as well. They're not voting shares.
Speaker 1: You know. My business partner also has the ability to
Speaker 1: buy them out should he decide to do so, or
Speaker 1: if he doesn't buy them out, they just continue to
Speaker 1: you know, get their peace, you know. But now this
Speaker 1: third bis now I've started other smaller businesses in between then,
Speaker 1: but this third business that I'm doing now, I'm very clear,
Speaker 1: Like for the first time, I'm really clear at the
Speaker 1: end in mind is I'm building it to sell within
Speaker 1: five years, like, and I'm really clear on that. And
Speaker 1: so can you share with us kind of like, how
Speaker 1: can especially when you're first starting out, how can you
Speaker 1: get clear with the end in mind when you're like,
Speaker 1: I'm just trying to pay bills.
Speaker 3: Yeah, well, get clear about how you're going to pay
Speaker 3: the bills, right, So, marry yourself to your market, marry
Speaker 3: yourself to your target market. Make sure you're building something
Speaker 3: that you love. Make sure you recognize what you do
Speaker 3: best and what you don't do best. Start to elevate
Speaker 3: your trust levels so that you can hire appropriately, you know,
Speaker 3: really getting very focused. Seventy one percent of hiring decisions
Speaker 3: in small businesses are mistakes. Those are very cost not
Speaker 3: just then zero.
Speaker 2: Yes, so it's not that because we usually go to
Speaker 2: our family and friends first, because.
Speaker 1: First of all, we're about ninety percent over here.
Speaker 2: Just so.
Speaker 3: Here's what I believe based from my experience. I think
Speaker 3: it has largely about the blind spots that we have
Speaker 3: about what we really need. Yeah, you know, so I
Speaker 3: really think that people should take some time to write out,
Speaker 3: you know, what is that job description and how does
Speaker 3: it really impact the business. The other thing is you know,
Speaker 3: looking at you know, employment of other people. Both, yes,
Speaker 3: it is an expense, but it's also an investment. It's
Speaker 3: leadership and so it's building relationships. So is this just
Speaker 3: a transactional job where they if they show up, praise God.
Speaker 3: If they do what they tell you, praise God? Or
Speaker 3: is it really you want someone to think with you,
Speaker 3: you know, build with you, grow with you. So it's
Speaker 3: really getting very clear about that. But I think in
Speaker 3: the beginning, you know, when you don't have enough money,
Speaker 3: then we said we hire our friends and family because
Speaker 3: it's cheap. I think getting very clear about what you
Speaker 3: can do by yourself and the capacity in which you
Speaker 3: can do it. Some folks get so married to such
Speaker 3: a large vision at the end that they kind of
Speaker 3: discount what they're able to do in the beginning. You know,
Speaker 3: what can you actually do with the time that you have?
Speaker 3: So I think it's really important to be very focused
Speaker 3: and very clear. In my work with the Narrow Road,
Speaker 3: I created a predictive modeling component. One of my last
Speaker 3: jobs in corporate America was a market research strategist, so
Speaker 3: learned how to create different algorithms and typing tools and
Speaker 3: the importance of segmenting the market. And what I created
Speaker 3: was a predictive modeling component. So I type people and
Speaker 3: once you understand your wealth identity, we're able to get
Speaker 3: really clear about how do you articulate what you do
Speaker 3: and what you need in order to successfully build the
Speaker 3: relationships required for your business to be successful.
Speaker 1: Where does somebody get a hold of that ask it
Speaker 1: for a friend.
Speaker 3: So my first book was written eight years ago, right
Speaker 3: after my dad passed away, and a larger publisher, so
Speaker 3: I published it with my own publishing company and then
Speaker 3: a larger publisher, Worthy Publishing that's run by Marva Allen
Speaker 3: who owns Human Bookstore. She approched pandemic. I love her too.
Speaker 3: She's amazing and she actually was one of my first
Speaker 3: clients when I launched Torch in New York, and so
Speaker 3: was so excited. Well, she took the book and we
Speaker 3: reorganized it and it's coming out September twelfth.
Speaker 2: Oh oh, concrelation. Thank you.
Speaker 3: And so this is the second edition of The Narrow
Speaker 3: Road and inside of it is the Wealth Identity Typing Tool.
Speaker 3: And then I have a wealth Finishing school that's launching
Speaker 3: in November where I really help people own their identity
Speaker 3: and really build wealth their way so they can build
Speaker 3: the right relationships with the financial professionals. Because that's what
Speaker 3: I wanted to say, tiffany One. I'm so proud of
Speaker 3: your trajectory and what you're doing. But even hearing you,
Speaker 3: you can tell you've spoken to professionals that you trust
Speaker 3: and you understand they've given you advice, You've applied that advice,
Speaker 3: you've gotten their results, and you're moving forward.
Speaker 1: So that's how you do it.
Speaker 3: You basically start with the solid foundation and you build,
Speaker 3: grow and expand from there.
Speaker 2: Okba fan, we will be right back with more of
Speaker 2: our conversation on legacy building as black business owners. With
Speaker 2: doctor Pamela Jolly.
Speaker 1: And we're a bag more with doctor Jolly.
Speaker 2: I'm curious at what point because I know Tiffany and
Speaker 2: I talked about you know, the budget needs to for example,
Speaker 2: and you haven't taken any funding Tiffany throughout your ever
Speaker 2: your business is right, of course, I haven't taken any funding.
Speaker 2: You have the occasional friend who's like, I want to
Speaker 2: invest I'm like in what I want to buy me
Speaker 2: a better webcam? I don't know, But taking on investments,
Speaker 2: and when do you do you work at all with that?
Speaker 2: You know that piece of it? When do I identifying
Speaker 2: when you need outside capital and when it can be
Speaker 2: you know, beneficial versus actually becoming something that can be
Speaker 2: cumbersome or like be an issue down the road.
Speaker 3: Yeah. So in my book, what I talk about is
Speaker 3: there's four capital relationships. The least intimate relationship with capital
Speaker 3: is transaction, right, So literally it's all a lot of
Speaker 3: hard work. It does have equity in it, but it's
Speaker 3: sweat equity and you work extremely hard. That next one
Speaker 3: is a joint venture, and that's when you bring on
Speaker 3: that friends and family who can support you where you're
Speaker 3: a week now, whether they do it financially. My two
Speaker 3: investors and first two investors in my company were my grandmothers.
Speaker 3: And when black women that you don't expect to be
Speaker 3: able to write checks write you checks, you get cash
Speaker 3: flow positive and profitable a lot faster than others might try.
Speaker 3: So I'm so grateful that it was my grandmothers who
Speaker 3: believed in me that invested that next level of capital
Speaker 3: is where growth capital. Now, growth capital can be either
Speaker 3: debt or equity, and I want people to understand the difference.
Speaker 3: You know, debt has rules and regulations. The financial services
Speaker 3: industry is the highest regulated industry in the country. So
Speaker 3: they can't give you money because they like you. They
Speaker 3: have to give you money because you fit a certain
Speaker 3: criteria that's a good risk for them to take to
Speaker 3: deploy capital for you. Now, there's different types of debt
Speaker 3: capital that you can get. And during the pandemic, and
Speaker 3: so many things happened in the pandemic as it relates
Speaker 3: to minority owned businesses, people started to realize that many
Speaker 3: minority own businesses did not have a relationship with a
Speaker 3: financial institution that they trusted or understood. A tremendous amount
Speaker 3: of capital was deployed to CDFIs who across the country
Speaker 3: are cash flow lenders. But that means that you've got
Speaker 3: to have positive cashlow.
Speaker 1: That means that you have to.
Speaker 3: Understand what your operating budget is, and what is the
Speaker 3: deficit in your operating budget, and what would it take
Speaker 3: for you to build up the working capital level. And
Speaker 3: so then the next level is equity. From my perspective, now,
Speaker 3: equity is the most intimate relationship you can have in
Speaker 3: terms of capital. Equity means that you no longer can
Speaker 3: do everything.
Speaker 1: You want to do.
Speaker 3: You've got to align your vision with those who are
Speaker 3: investing in you. The outcome that they see might be
Speaker 3: different than the outcome that you see. It also might
Speaker 3: be further down the road that you can afford to
Speaker 3: look and may or may not include you. Right, Equity
Speaker 3: requires an exit, a defined exit in a specific period
Speaker 3: of time, with a specific return on investment. And so
Speaker 3: oftentimes some of us like to jump in skip steps
Speaker 3: straight to equity. You know, one of the things that
Speaker 3: I want people to think about is if you have
Speaker 3: pre revenue, right, you are a pre revenue company and
Speaker 3: you're looking for equity. There are some industries where you
Speaker 3: do need to raise.
Speaker 1: That type of money.
Speaker 3: But Tiffany and Mandy, you are the earn your way, right.
Speaker 3: There's there's earners and there's owners. But these earners who
Speaker 3: they earn their way. Some people call it bootstrap.
Speaker 1: I call it reality.
Speaker 3: You know, I've never raised capital outside of my grand
Speaker 3: My grandparents and my best friend's parents invested in me
Speaker 3: in the beginning. After that, I was able to continue
Speaker 3: to self invest in my enterprise to be able to build,
Speaker 3: grow and expand it amazing. But ownership was important to me,
Speaker 3: and passing the torch was important to me. And so
Speaker 3: once again you've got to get clear about your end.
Speaker 3: What's really important to you. Is equity capital bad not
Speaker 3: at all. Equity capital is amazing, but it's a different
Speaker 3: type of relationship that you have with others around the
Speaker 3: vision for your enterprise.
Speaker 2: So you see them as sorts of stepping stones, you know,
Speaker 2: starting smaller and then maybe like you want to maybe
Speaker 2: start with like self funding a little bit and then
Speaker 2: seek out like a friends and family around of fundraising.
Speaker 2: I remember when we.
Speaker 3: Yeah, So here's what I'll tell you because it dilutes you. Right,
Speaker 3: So if you in the beginning memory talked about the
Speaker 3: idea stage of business. When you're in the beginning stages
Speaker 3: of trying to figure it out and you raise equity,
Speaker 3: they're not investing in the idea. They're investing in that
Speaker 3: idea maturing to exit. And so you might say, well,
Speaker 3: I want to pivot. Well, if the business is doing well,
Speaker 3: they're gonna say why unless you can prove the business
Speaker 3: case all over again. And so it's important for you
Speaker 3: to have the cadence of your capital with the cadence
Speaker 3: of your business.
Speaker 1: It's one of the reasons why not that I was
Speaker 1: ever offered because you know, a black woman, but it's
Speaker 1: one of the reasons why I was like, I don't
Speaker 1: want to take any outside financial I mean aside from
Speaker 1: like if family and friends wanted to invest. But a
Speaker 1: friend of mine just sold his blog for you know,
Speaker 1: eight figures, and I suspect close to maybe like forty
Speaker 1: or fifty million dollars. And he was like, I know
Speaker 1: they're beating down your door, Tiffany. I'm like, now, despite
Speaker 1: all the success, despite that, we you know, we've only
Speaker 1: had profitable years, some years more certain than others. I mean,
Speaker 1: now the budgetista is like rocking and rolling. Like I
Speaker 1: was talking to my CFO the other day. She was like, Tiffany,
Speaker 1: because I have not focused on budget. Oh, most of
Speaker 1: my focus has been the Literature Academy for the last
Speaker 1: six or seven years when I opened it, because it
Speaker 1: needed just a lot. So the BUDGETNISTA was like kind
Speaker 1: of on the back barner, and it just made because
Speaker 1: it was a solid business that made money connect what
Speaker 1: I call kind of like accidentally. But now that I'm
Speaker 1: no longer the CFO of CEO of that business, I
Speaker 1: focused on the BUDGETNISA, and we have been slaying our
Speaker 1: our profit margin to the point where she's like, we
Speaker 1: need to spend more. I'm like, oh what seventy nine percent?
Speaker 1: Like we knew that, we just we have doubled. I
Speaker 1: mean I told her in the beginning of the year,
Speaker 1: I said, Okay, this is what I want to make
Speaker 1: by the end of the year, and we're already there
Speaker 1: plus some and I was like, all right, some new goals.
Speaker 1: And so I guess my question is it's like, because
Speaker 1: now I'm in this place and space where I want
Speaker 1: to do less, so I really want and I'm not
Speaker 1: gonna lie. When I heard that he had sold his business,
Speaker 1: I got a little salty because I was just like, well,
Speaker 1: why not me? Why not me? With all that I've
Speaker 1: built and grown? Why not me? And I said, well, Tiffany,
Speaker 1: have you intended it to your point doctor Jolly, and
Speaker 1: I had not. I don't want to sell Budget the
Speaker 1: to because I'm not going to lie, he asked me.
Speaker 1: He's like, if you want, I can get BUDGETI to
Speaker 1: ready to sell in sixteen months, and I was like, no,
Speaker 1: because it's still something that I really enjoy doing. So
Speaker 1: instead I'm building something else that probably take about five years,
Speaker 1: I'm estimating, But because I just it feels very disheartening
Speaker 1: that I hear people who are not doing nearly as
Speaker 1: much as what you know black and brown women are
Speaker 1: doing that don't get those same opportunities. It's just really frustrating.
Speaker 3: Well, I hear you, Tiffany, and if you would allow
Speaker 3: me to kind of go deeper into that for a second.
Speaker 3: I mean again, I said that equity is the most
Speaker 3: intimate relationship that you can have. But also as black
Speaker 3: and brown individuals, particularly African Americans. You know, my research,
Speaker 3: what I found is that we're the only people in
Speaker 3: America who were first capital before we ever made capital,
Speaker 3: and so we can't help but look at business as
Speaker 3: personal and so I hear you, and I've read your books,
Speaker 3: and I've also listened to you from the beginning. Bud
Speaker 3: Jeanista is a heart brand. From my perspective, you care
Speaker 3: about your people, you care about what you offered. It's
Speaker 3: hard to sell that. And the other thing is that
Speaker 3: when people don't understand our hearts. You know, Black women
Speaker 3: are so powerful in their own right, but oftentimes we
Speaker 3: don't toot our own homewns because we're too busy doing
Speaker 3: what needs to be done to be able to move
Speaker 3: things that we care about forward. And so as a result,
Speaker 3: it's about relationship. I'm not saying that there isn't any
Speaker 3: bias in the marketplace, but I am saying that as
Speaker 3: it relates to investing in black women own brands, if
Speaker 3: you will, it's still uncharted territory. We're still very much
Speaker 3: at the emergent stages of building business relationships to be
Speaker 3: able to do so. And you said it yourself, if
Speaker 3: you really wanted to.
Speaker 1: Do it, you could, right.
Speaker 3: But the beautiful thing about it is you have a choice.
Speaker 3: Wealth is a choice. You're able to choose how you
Speaker 3: build wealth with the assets that you have been able
Speaker 3: to build and grow and expand. So the other thing
Speaker 3: about with a Budganista brand, I mean, if someone bought it,
Speaker 3: they might have a different vision, and all of a sudden,
Speaker 3: you see yourself all over the place, not portraying the
Speaker 3: true authentic selling cult for you.
Speaker 2: Yes, I was thinking like a prepaid debit card.
Speaker 3: Oh girl.
Speaker 1: I told him no to Budgetista. Although he was like,
Speaker 1: I think you can get this amount of money. I
Speaker 1: was like, yeah, no, but so I do have like
Speaker 1: this other I bought a company a couple of years
Speaker 1: ago and I've been on it and I've just been
Speaker 1: trying to figure out what to do with it, and
Speaker 1: I thought, you know what, this would actually be really great.
Speaker 1: So I'm working on now and to your point, building relationship.
Speaker 1: I just had a really great chat with a vice
Speaker 1: president of a huge financial organization that I've known for
Speaker 1: a number of years, just to ask what would you
Speaker 1: need this to be in order for this type of
Speaker 1: company to be interested. And so I'm starting to have
Speaker 1: those conversations and realizing, oh, I need those type of
Speaker 1: relationships to ask because I'm not going to build willy nilly.
Speaker 1: If I'm going to build this new company like and
Speaker 1: sell it then I need to know who would buy
Speaker 1: and why and what does that look like. So I'm
Speaker 1: very clear about what I'm building because I was just like, Okay,
Speaker 1: I do want that. I want to have an exit,
Speaker 1: not even for the money, but for the Can you
Speaker 1: do it, Tiffany, because everything I've set my mind to
Speaker 1: has happened, and this would be the biggest external expression
Speaker 1: of doing something, and so I'm just really curious as
Speaker 1: to can I do it? And if I can, then
Speaker 1: I can bring that information back to women who look
Speaker 1: like me who don't typically have access to that type
Speaker 1: of information.
Speaker 3: I love it, and you can do it, and you
Speaker 3: will do it. And I think what's really powerful about
Speaker 3: what you're saying is that you have the end already
Speaker 3: in mind. So you're building the vision not solely to yourself, right,
Speaker 3: You're allowing people to weigh in and influence that vision
Speaker 3: so that it is palatable to the marketplace.
Speaker 2: I don't I feel like I'm still in that. I'm
Speaker 2: glad you gave me three years said one to three years,
Speaker 2: or in that id phase, I'm like, I don't know
Speaker 2: what the end looks like. I'm feeling good, but I'm
Speaker 2: I'm of course I'm so much earlier in the process
Speaker 2: that for me, it's harder to come to that end.
Speaker 2: And maybe I'll come to a place where it's like, well,
Speaker 2: this is the life. And I hadn't heard that term before.
Speaker 2: Lifestyle business, you know, Mandy money is madey money. It's
Speaker 2: like budgets and no one else can just be that.
Speaker 2: But I think that's the thing I had to I
Speaker 2: just haven't given myself the time to think beyond this
Speaker 2: at this point. It's just I'm so all in with this,
Speaker 2: and I feel feel like I just want to focus
Speaker 2: on this for now, but always still be open to like,
Speaker 2: this can't last forever, right like I can. It's not
Speaker 2: sustainable forever, so what will come next? And I think
Speaker 2: to your point about relationship building is surrounding my I
Speaker 2: feel like it's important to surround myself with other people
Speaker 2: doing similar like that entrepreneurial spirit and having businesses of
Speaker 2: their own, so I can learn and just always be
Speaker 2: in the mix with that to see what they're doing
Speaker 2: and to learn from their insights. Which has been a
Speaker 2: big part of what I focus on this year is
Speaker 2: building those relationships.
Speaker 3: I think that's awesome. So the first principle in the
Speaker 3: narrow road. Is that seeing is believing, right, so really
Speaker 3: imagining but also seeing other models of businesses that started
Speaker 3: and you have got this wonderful one right in front
Speaker 3: of you, of Tiffany, but like saying you know what's
Speaker 3: possible and then being able to really measure what you want.
Speaker 3: But also one of the things I love about business ownership,
Speaker 3: you really got to get clear about what you want, yeah,
Speaker 3: because if not, you'll have a lot of people encouraging
Speaker 3: you to do things that you may not want. And
Speaker 3: you might own a successful business, but it's not bringing
Speaker 3: you Because we're talking about wealth. We talk about money
Speaker 3: a lot. Anybody can get rich, but to build wealth,
Speaker 3: that's a fulfilled life. So Mandy, start thinking about what
Speaker 3: you want the work that you're doing to be able
Speaker 3: to allow you to do to fulfill your life. And
Speaker 3: if we can put a definitive timeline around it, you
Speaker 3: know the window for wealth building. You know, we have
Speaker 3: forty years of increasing levels of income to finance eighty
Speaker 3: plus years of living. So think about what does that
Speaker 3: look like and then run some projections that make some
Speaker 3: sense for you. And there may be some areas of
Speaker 3: your business that it can partner with other people. It
Speaker 3: can do other things and open up avenues for you
Speaker 3: to be able to move forward. But cast that vision
Speaker 3: in that forty year window so that at the end
Speaker 3: of that you can afford retirement and beyond, because it's
Speaker 3: really really important that you were able to sustain a
Speaker 3: lifestyle beyond the workface. I want more Black women now
Speaker 3: than anything before to get excited about retirement because there
Speaker 3: are so many opportunities for black and brown women in
Speaker 3: particular to really make an impact. But I want you
Speaker 3: to be able to afford to show up and show out.
Speaker 3: And we've got a plan today in our window of
Speaker 3: opportunity to be able to do that.
Speaker 1: I'm trying to do that because honestly, one of the
Speaker 1: biggest mistakes that I made as a Budgeanista was going
Speaker 1: for going sake. So with the Budgeanessa had, it had
Speaker 1: just grown beyond. I just was following the lead of
Speaker 1: like the business in the business was telling me what
Speaker 1: to do versus me telling the business what to do.
Speaker 1: And I struggle with that for a really long time,
Speaker 1: and especially as it became more successful, because I was
Speaker 1: just like, well, isn't this one I worked towards so
Speaker 1: you know what I mean, I really had a hard
Speaker 1: time with it because I'm like, you know, the external
Speaker 1: feedback was go keep going, go keep going, but then
Speaker 1: internally I was like, I kind of am don't want
Speaker 1: to go keep going, or maybe I want to go
Speaker 1: in a different direction. And so honestly, it took for like,
Speaker 1: you know, quite honestly, my husband passing away last year.
Speaker 3: For me to be like, so sorry, Tiffany, thank you sorry, for.
Speaker 1: Me to get super clear or I'm not doing this anymore.
Speaker 1: I'm not, you know, And it made me really clear
Speaker 1: that I had too many people on the team. You know,
Speaker 1: most of them are really wonderful, but I was just like,
Speaker 1: you know, you actually don't need to make as much, Tiffany,
Speaker 1: like you know, like I said, now, I mean, at
Speaker 1: one point, you know, was spending like I don't even know,
Speaker 1: it was three times our our operating expenses for budget,
Speaker 1: who were three times what they are now we actually
Speaker 1: make more and then keep more. So I'm like, and
Speaker 1: I do way less work. And it took like this
Speaker 1: like abrupt shift to say, Tiffany, what do you actually
Speaker 1: want to do because it's not this You're always working
Speaker 1: and it's great that everybody wants you to be on
Speaker 1: every podcast and and every this and every opportunity and
Speaker 1: every speaking engagement, but at what cost to you personally?
Speaker 1: And are you even really growing? Well, that's the part,
Speaker 1: that's the part that's crazy, is that as much as
Speaker 1: I was making as a business, I wasn't personally growing
Speaker 1: as much wealth as you would think because I was
Speaker 1: giving it all away, Like exactly, I don't even know
Speaker 1: how I meant to become a millionaire, quite honestly. Like
Speaker 1: my financial advice was like God looking after you, Tiffany,
Speaker 1: because you really shouldn't be as much as you were
Speaker 1: paying people. Everybody was getting six figure so I wasn't
Speaker 1: even making six figures, like, you know, I was paying
Speaker 1: everybody's six figures salaries. For the most part, everybody was
Speaker 1: getting paid well. Everybody had insurance. Everybody had And so
Speaker 1: now that's not so, you know, I'm down to like
Speaker 1: three people, ill two people, my three myself included. I
Speaker 1: do weigh less. I work, you know, I work only
Speaker 1: really the things I really enjoy or that pays super
Speaker 1: duper well. And so I'm just conscious of not letting
Speaker 1: kind of like that creep in. And so for those
Speaker 1: who are listening. You know, it's not I tell this
Speaker 1: to all my mentees all the time, that it's not
Speaker 1: just success for success sake, but how will it meet you?
Speaker 1: Will you be healthy, happy and whole? You know, because
Speaker 1: you can have all of the things and yet none
Speaker 1: of the things. And I was there, I wasn't unhappy,
Speaker 1: but certainly I was overwhelmed. You know that you can
Speaker 1: What is it that there's a quote that says that
Speaker 1: anything in its excess becomes its opposite, you know, like
Speaker 1: you can actually drink so much water you're drawing yourself.
Speaker 1: A friend of mine almost poisoned herself because she ate
Speaker 1: so many carrots. Yes, so like you know it's healthy
Speaker 1: because she was in middle school, so you know, we're
Speaker 1: so extra in those school. I was like, your orange
Speaker 1: is that normal? She's like, I don't know, but I
Speaker 1: love carrots. And sure enough she fell out in class
Speaker 1: and it turns out that she had like damaged her
Speaker 1: liver because she ate so many carrots. So I just
Speaker 1: share that to say that, like, you know, especially like
Speaker 1: you know, Mandy, folks are in your position that are
Speaker 1: kind of starting out that you know a lot, not
Speaker 1: letting it get ahead of you and beyond you. So
Speaker 1: that way you're actually one growing wealth, which is the purpose,
Speaker 1: and two that it's meeting you healthy, happy, and whole.
Speaker 3: All. So you know the pathway that you were on.
Speaker 3: You know, the wealth is generational, right, and I talk
Speaker 3: about legacy wealth, which is cross generational. It takes three
Speaker 3: generations to build legacy wealth, only one generation to lose it.
Speaker 3: But when four generations connect, the wealth will begins to turn.
Speaker 3: So every generation is an opportunity to advance the collective forward.
Speaker 3: But the first generation creates a standard and it works
Speaker 3: extremely hard. And Tiffany, what you just described were the
Speaker 3: components of a first generation business, right. That second generation
Speaker 3: builds on that with structures and systems and relationships, and
Speaker 3: that's what you describe that you have. Now you know
Speaker 3: that third generation acquires you've done that too, acquires additional
Speaker 3: opportunity through work that they have not done themselves, so
Speaker 3: they partner with others. And then the fourth generation basically
Speaker 3: expands it as a model, a whole model where yes,
Speaker 3: you work hard, yes you have systems, Yes you partner
Speaker 3: with other experts.
Speaker 1: In areas that you don't have.
Speaker 3: But here's the model, and it's culturally relevant and so
Speaker 3: that's what I encourage many of our businesses spend some
Speaker 3: time to build the internal culture. The internal culture is
Speaker 3: why your people will work and you don't have to
Speaker 3: pay them six figures at the door. They can work
Speaker 3: their way up because they understand what the blueprint requires,
Speaker 3: because you've written the blueprint. And so my prayer is
Speaker 3: that more of our companies will really work to establish
Speaker 3: a working culture where people want to live out their
Speaker 3: career there or bring their best and then move on
Speaker 3: to another level, but leave it better than they found it,
Speaker 3: because that's where we are right now in elevating our
Speaker 3: standard of business. So many of our businesses don't employ
Speaker 3: anyone or employ so many people that they impinge upon
Speaker 3: their profitability. The last thing I'll say is that parody
Speaker 3: is a reality that should we get to that in
Speaker 3: our community would change the game for everyone. You know,
Speaker 3: data shows that African American and Brown owned businesses they.
Speaker 1: Hire their own.
Speaker 3: So our growth really provides opportunities to build wealth for
Speaker 3: more than just ourselves. And so really thinking about the
Speaker 3: bigger picture and moving forward in a way that fulfills
Speaker 3: your life with a wealth outcome that you believe it
Speaker 3: is critical and those two things are as important as
Speaker 3: the other pieces. In terms of the money and the financials.
Speaker 3: I'm a warton grad. I love the financials. But here's
Speaker 3: the thing. I want you to live and enjoy your life,
Speaker 3: but I also want you to understand why you're doing
Speaker 3: it so that the next generation is following you wants
Speaker 3: to pick up where you left off because you've finished
Speaker 3: off a platform that makes sense.
Speaker 2: So basically, Tiffany's done like four generations of work.
Speaker 1: So I feel like I've been working on the trust.
Speaker 1: Now that's like the last little piece, like I call
Speaker 1: my thing financial wholeness, which is like these ten components
Speaker 1: of your financial life. And the tenth component is estate planning.
Speaker 1: And of course it just has to look different when
Speaker 1: you have a business. And so one of the things I,
Speaker 1: you know, I had to really get clear on is
Speaker 1: what happens to my businesses when I'm no longer here?
Speaker 1: And what if, like you know, like my sisters are
Speaker 1: no longer here, what about their children? So really creating
Speaker 1: to your point, doctor Jolly, like a model that the
Speaker 1: wealth can be extended, even if it's not specifically through businesses.
Speaker 1: Maybe it's like okay, then here here's how the funds
Speaker 1: are continue to be invested, so that way beyond you,
Speaker 1: you know that you know that the wealth continues there.
Speaker 1: I saw this little old lady on I was watching
Speaker 1: some of YouTube documentary about this woman from the Appalachia,
Speaker 1: and I just remember being so impressed with her because
Speaker 1: her family had two hundred acres in Appalachia, and you know,
Speaker 1: on the surface, you would think like, okay, you know
Speaker 1: she like stopped going to school on fourth grade. You know,
Speaker 1: she herself had said that she wasn't very educated, but
Speaker 1: she had sent all her kids for good schooling, as
Speaker 1: she said, and she's like, you know, one of my
Speaker 1: sons is a lawyer, one of my daughters is a tea.
Speaker 1: You know, they don't want to live here in the
Speaker 1: backworlds applation, but I sent them off. And one thing
Speaker 1: I did was she said, is I put my two
Speaker 1: hundred acres into a trust because won't be no weak
Speaker 1: links here. And I thought that was genius. She said,
Speaker 1: because this land does not belong to any individual person.
Speaker 1: It belongs to our family line. And so she put
Speaker 1: it in a trust. That like, so they all get
Speaker 1: to benefit financially, but not just you, your kids, kids, kids, kids,
Speaker 1: and if Walmart comes knocking and says, we'd love to buy,
Speaker 1: you know, one hundred acres. The trust says, and now
Speaker 1: because it's not up to that person because she's no
Speaker 1: longer here. And I just thought, wow, that how smart
Speaker 1: and genius this was. That she was looking after great
Speaker 1: great great grandbabies that she would never meet, but she
Speaker 1: would have a positive effect on.
Speaker 3: And that's what's so beautiful. She's incorporated the family business. Yes,
Speaker 3: so it's no longer a lifestyle business. It's a legacy business.
Speaker 3: And so that's really where the opportunity is. And she
Speaker 3: sounds like of the generation, the wealthiest generation in our
Speaker 3: community is our grandparents generation. You know, they have the
Speaker 3: ability to be able to afford to look beyond themselves
Speaker 3: and want better. And so my prayer is that when
Speaker 3: we get to that age, we can do the same.
Speaker 3: But we've set it up a lot earlier, and it's
Speaker 3: compounding and growing at a faster rate because what they're
Speaker 3: doing is setting that strong foundation so that your nephew
Speaker 3: who's a genius has a balance sheet with some equity
Speaker 3: on it when he shows up at the equity table.
Speaker 3: And so oftentimes, you know, we show up with an idea.
Speaker 3: But I want us to show up with an idea
Speaker 3: and some equity and ask somebody to match that. And
Speaker 3: so that's really where the generational transfer of wealth, not
Speaker 3: just financial wealth, but intellectual, social capital and spiritual really matters.
Speaker 2: Well, doctor Pamela Jolly, thank you, thank you, thank you
Speaker 2: so much for joining Ground Ambition. Please tell ba fam
Speaker 2: where they can find out more about you, and get
Speaker 2: a copy of that book that's coming out September twelfth,
Speaker 2: Is that right.
Speaker 3: Yes, twelfth, in a book in a black bookstore near you,
Speaker 3: as well as Amazonandwordy dot com. And also I'm at
Speaker 3: doctor Pamela Jolly on Instagram and then Torch Enterprises dot
Speaker 3: com is the website where you can pre order. I
Speaker 3: really really appreciate this opportunity to be on this amazing podcast,
Speaker 3: Tiffany and Mandy. I've listened to other episodes. I love
Speaker 3: what you're doing in terms of raising awareness and encouraging
Speaker 3: people to think about the things that we need to
Speaker 3: think about so that wealth can become a standard in
Speaker 3: our community. So thanks so much for having me.
Speaker 1: Thank you.
Speaker 2: Awesome, thank you, doctor Jolly, excellent.
Speaker 1: Thank you. And now it's time for boost breaks break.
Speaker 1: I don't know why I can't do boost to break
Speaker 1: without doing this like little soda bot. Okay, I mean spirit,
Speaker 1: are we going to boost? I feel so bad because
Speaker 1: I had this like mini boost and I cannot remember
Speaker 1: the ladies names, but I met you in Chicago this
Speaker 1: past week. I think it was like Lynn, oh girl,
Speaker 1: I don't know you gave me a hug for Mandy.
Speaker 2: Yeah.
Speaker 1: I was there to speek speaking at at an event
Speaker 1: for a financial brand, and my sister loves in Chicago,
Speaker 1: so we all flew out there, except for Tracy because
Speaker 1: she had code. But she's fine.
Speaker 2: Now.
Speaker 1: Oh, I know coming for all of us right now
Speaker 1: for real, But I just want to say how to
Speaker 1: those ladies and the gentleman that stopped me in the streets.
Speaker 1: I was like, he was like, wait a minute, not
Speaker 1: the budgetese, not brid ambition. I was like, indeed, I
Speaker 1: am so shttown recognizes the the B of the A.
Speaker 1: Are you gonna boost to break this this? Because I
Speaker 1: do have one little other boost, but you're gonna boost
Speaker 1: to break this.
Speaker 2: I think we should do a cl okay, we should
Speaker 2: do a collective boost and I'll do my own, but
Speaker 2: collectively we got a boost and promote that we are
Speaker 2: going to be on YouTube Live on July twenty eighth.
Speaker 2: What are we calling this like, It's like D Day
Speaker 2: but not, It's like recession Recession day. Will we or
Speaker 2: won't we be in a recession? The report is coming
Speaker 2: out July twenty eighth, and Tiffany and I, for the
Speaker 2: first time ever, we're going to be hopping on YouTube
Speaker 2: Live that afternoon to help you guys unpack whatever our
Speaker 2: fates are together. Yeah, bring your tissues, I guess, or
Speaker 2: bring your champagne. Either way, we'll either for any reactions.
Speaker 1: Yeah, notebook for sure, because certainly, no matter what happens,
Speaker 1: you know, we're going to have some some suggestions for
Speaker 1: you about what to do next. So we're excited about it.
Speaker 1: Recession Day again. It is July twenty eighth. You know,
Speaker 1: make sure that you are subscribed to our newsletter and
Speaker 1: that you're following us on social and if you go
Speaker 1: to brownabispodcast dot com you can do all of that.
Speaker 1: So that's how you're going to find out exactly what
Speaker 1: time and how to join us. Whoop whoop, whoop, whoop woo.
Speaker 1: I'm excited about that.
Speaker 2: I'm excited. Thanks forgiving I feel like excited to have
Speaker 2: something to look forward to besides just like getting the
Speaker 2: dark news in the week hours in the morning and
Speaker 2: having no one to cry with but myself.
Speaker 1: Were in it together.
Speaker 2: We're going, say weeks going.
Speaker 1: Oh, family, and shout out to the people who are
Speaker 1: still tagging me in the gym and the holograms post.
Speaker 1: I just love y'all. I'm not out here on right,
Speaker 1: I'm not out here alone. So I the boost I
Speaker 1: wanted to do is I had such a good chat
Speaker 1: with my bonus daughter, Alyssa. She is at like this, Uh.
Speaker 1: I signed her for this like kind of like medical
Speaker 1: pre med like summer camp thing because she's like interested
Speaker 1: in maybe doing physical therapy. You know, she's a sophomore,
Speaker 1: she's going to be a junior next year, and so
Speaker 1: she signed up for it. She's there now. She's semi
Speaker 1: excited about it because she was like, so Tiffy, I
Speaker 1: have to like share a dorm room with someone. I'm like, yeah,
Speaker 1: that's what college is like, because it's like pre college.
Speaker 1: And she said they told us we have to bring
Speaker 1: flip flops to the shower. It makes me believe they're
Speaker 1: not clean. I was like, are gross?
Speaker 2: Yes, I was really fun.
Speaker 1: And she was like, but I was under the understanding
Speaker 1: this girls too, that daddy had said that I was
Speaker 1: going to get a condo when I went to school.
Speaker 1: I was like, well, if you get a full scholarship
Speaker 1: because we funded her college fund, if you get a
Speaker 1: full scholarship to school, which you say, we can because
Speaker 1: you know you've always been on the honor roll straight
Speaker 1: a's and b's. You know, she she runs, she does
Speaker 1: track and it has you know, it's active at school.
Speaker 1: I told her, you get a full scholarship, then yes,
Speaker 1: the money that we've set aside for school can be
Speaker 1: used to purchase a condo off campus, and the condo
Speaker 1: will be yours after graduation. But in the meantime, you
Speaker 1: can have friends, you know, up to three girls whatever
Speaker 1: hey rent to you so you don't have to work
Speaker 1: during your school your college career. Like I actually got
Speaker 1: that tea from from Lynette kaughp Fonnie Cox. She has
Speaker 1: done this for her.
Speaker 2: It's just for the sailingette. Yeah, she's amazing several children
Speaker 2: through college and yeah.
Speaker 1: Right, so that's great. So you know, you buy the
Speaker 1: condo cash. You know, she go finishes school after you graduate.
Speaker 1: That's your big graduation gift. Now you can decide to
Speaker 1: sell it, you can continue renting it out, you can
Speaker 1: live there by yourself, whatever, and so she was like, oh,
Speaker 1: I said, so you have to do your job, which
Speaker 1: is to get a full scholarship, and I will do
Speaker 1: my job, which is to pay for this kindom. Now,
Speaker 1: if you don't get a full scholarship, then that money
Speaker 1: goes to school, which is you know, not a bad thing.
Speaker 1: So I could tell she was like okay. And something
Speaker 1: she said to me because she gets a stipend to
Speaker 1: the summer program and she's like, I want to be
Speaker 1: able to save at the end of the day three
Speaker 1: hundred dollars by the end of the summer. And I
Speaker 1: said that's great, and then she said something offhanded like yeah,
Speaker 1: because if I want to buy something, I want to
Speaker 1: be able to have it. And I said, well, how
Speaker 1: much of the three hundred are you just saving to
Speaker 1: later invest and she was like huh. So then I
Speaker 1: told her the story of the goose that laid the
Speaker 1: Golden egg, how like there are there's money that you see,
Speaker 1: that money that you spend, and money that you save
Speaker 1: for like purchasing something later, and then there's money that
Speaker 1: you're literally just saving to grow. And she was like, okay,
Speaker 1: So I told her the story how there was this gooose.
Speaker 1: Every morning it laid this little golden egg, and the
Speaker 1: family was able to use that golden egg to buy
Speaker 1: the things they needed.
Speaker 2: They got a little green a story that went along
Speaker 2: with that, analogy.
Speaker 1: Yes, and well you never heard the story the goose
Speaker 1: that laid to go to the egg. Yeah, it's like,
Speaker 1: I don't know, it's like one of these estops fable
Speaker 1: type of stories. And so so the goose laid this
Speaker 1: golden egg every single morning. The faman was like, woo woo,
Speaker 1: it's enough to support us. But one day they got
Speaker 1: greedy and said, I wonder how much gold is actually
Speaker 1: inside this goose. I'd rather have my money upfront. They
Speaker 1: cut the goose open, only to find that it was
Speaker 1: just a regular goose on the inside. So now no goose,
Speaker 1: no golden neck every month, and I told her, you
Speaker 1: have to also have goose money, money that you're setting
Speaker 1: aside that it can generate golden eggs for you moving forward.
Speaker 1: And that's what investing does. That if you spend the
Speaker 1: full three hundred, you're back back to zero. But of
Speaker 1: the three hundred, if you say you set aside one
Speaker 1: hundred and fifty dollars and we put it into an
Speaker 1: account for you, and we save safe, save until maybe
Speaker 1: you get to five hundred or one thousand, and then
Speaker 1: we put it into your I have at a custodial
Speaker 1: investment account for her. Then that is your goose money,
Speaker 1: and that one day, once you graduated college, you'll be
Speaker 1: able to withdraw golden eggs and never touch the goose.
Speaker 3: And she was like, this is so enlightening.
Speaker 1: So it was such a good financial conversation with this
Speaker 1: almost sixteen year old that she wouldn't have had before.
Speaker 1: So I told her, the next time we chat, and
Speaker 1: want you to decide. Of the three hundred, how much
Speaker 1: is going to be your goose money? I told her
Speaker 1: between fifty and one hundred and fifty dollars. She can
Speaker 1: decide because you want to give you know, like children,
Speaker 1: it's also not like a child child, but you want
Speaker 1: to give them choices. I said, you get to decide,
Speaker 1: and then once you have that, once you make that decision,
Speaker 1: we'll sit down with Angelie and we'll talk about, like,
Speaker 1: how how much money do you have to does she
Speaker 1: suggest you safe up to before we actually set aside
Speaker 1: to invest on your behalf. So I just thought it
Speaker 1: was such a good conversation and I was like, look
Speaker 1: at me teaching the next setowing about it Goose and
Speaker 1: Golden Egg stories.
Speaker 2: That was not me if I mean, I had invested
Speaker 2: all those earnings from the cap outlet and not thought
Speaker 2: so many Fit and Flair jeans.
Speaker 1: But girl, we was walking in the Fitflairs, the Express jeans.
Speaker 1: Girl I lived in Express. It was like, if you
Speaker 1: had a booty, gap was hard, but if you had
Speaker 1: a booty, Express was like, Okay, we got you.
Speaker 2: Oh that's great. And shout out to Supergirl because I
Speaker 2: feel like, yeah, I love that y'all have You've like
Speaker 2: shared your relationship with her, and I don't think that's
Speaker 2: the kind of conversation y'all could have had if you
Speaker 2: hadn't like slowly been building this trust in this relationship
Speaker 2: for a long time. Now. Yeah, right, Okay, Well, I'm
Speaker 2: gonna do a little baby boost of my own really quick,
Speaker 2: so y'all know I love Jennifer Lewis. Jennifer with one
Speaker 2: end Lewis. She's the grandmom on Blackish. She's the mother
Speaker 2: of Black Hollywood is her by her her memoir, So
Speaker 2: if you guys haven't read it, go read it. But
Speaker 2: she just got her she just got her flowers, her
Speaker 2: Walk of Fame star on the Hollywood Walk of Fame,
Speaker 2: and I was, I like, I'd never tune in to
Speaker 2: watch those things, but I just feel like, I love
Speaker 2: Jennifer Lewis so much, so I tuned in to watch
Speaker 2: her little ceremony, and of course she was like telling
Speaker 2: the crowd, y'all better go out there and vote because
Speaker 2: they're trying to take your rights right now. You know,
Speaker 2: she's always teaching, always preaching, and I just love her
Speaker 2: and her.
Speaker 1: Very and I don't f it up. Go vote. I
Speaker 1: was rolling, Yes, I.
Speaker 2: Love it so Jennifer Lewis, And if y'all haven't, first
Speaker 2: of all, I get the audiobook, Like the audiobook from
Speaker 2: Jennifer Lewis of her memoir is just if she'll have
Speaker 2: you laughing, rolling, She's singing and performing in the whole thing.
Speaker 2: She's iconic. So congrats to her, and congratulations on a
Speaker 2: well deserved Hollywood Walk of Fame.
Speaker 1: So I listened to it because you made it. You
Speaker 1: told me about that book. It was such a good
Speaker 1: Manby always gets really good book.
Speaker 2: Suggestions, and so I like, girl, you're the one with
Speaker 2: all the books. I think I've read like a fraction
Speaker 2: of the books that you have read.
Speaker 1: But but you give me the suggestions. I add everything.
Speaker 1: Whenever someone gives you a suggestion. I added to a
Speaker 1: watch list on my Audible and then like, you know,
Speaker 1: I'll do some more research to see if I think
Speaker 1: I'm going to enjoy it, and then you know, I'll
Speaker 1: listen to it later. But that was a really good
Speaker 1: suggestion because I enjoyed that book tremendously.
Speaker 2: It's so good, all right, ba fam, Well, okay, don't
Speaker 2: forget tune in next Thursday, the twenty eighth. This is
Speaker 2: the day after we usually air the show, so come
Speaker 2: to YouTube Live. We'll be on Thursday afternoon. Like Tiffany said,
Speaker 2: check Brownambission dot com for details. Go don't walk run.
Speaker 2: We'll see y'all then, Hey, ba fan, we could not
Speaker 2: do this show without your support or the support of
Speaker 2: our team behind the scenes. The Brown Ambission podcast is
Speaker 2: produced by Cumulus Podcast Network. It's edited by the wonderful
Speaker 2: Imani Crosby and produced by Tanya Bustos, Dennis Stimplinsky, is
Speaker 2: our in house tech guru, and I am Bandy Woodard Santos,
Speaker 2: your co host, and I will see y'all next week.