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Speaker 1: And now it's time for the b a q a

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Speaker 1: b a q the b a q A. I would

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Speaker 1: love if somebody made us a b a q a

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Speaker 1: theme song. I'm going to reach out to like Chris

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Speaker 1: and his wife again because they made my Budgetessa budget

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Speaker 1: liesta what was it? Look at me? A budget has

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Speaker 1: to breakdown theme song.

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Speaker 2: Yeah, it's so funny that you say that, because I

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Speaker 2: texted my little brother over the weekend. Uh is a musician,

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Speaker 2: you know, in his partum whenever he feels like yeah,

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Speaker 2: you know, he used to go by Rain in college,

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Speaker 2: but he's dropped that moniker and now he's just whatever

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Speaker 2: he is. And he and he's in Atlanta, and I

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Speaker 2: was like, there's got to be some great you know,

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Speaker 2: yeah musicians in Atlanta. So he's on the lookout. I

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Speaker 2: don't want him to do it, but he's acting like,

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Speaker 2: I don't know, this is like jingle. I don't really

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Speaker 2: do jingles. Oh, come on, Rain, he's very Yeah, he's

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Speaker 2: so sensitive about his music. I shouldn't even be talking

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Speaker 2: about it.

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Speaker 1: Wow, I'm it's amazing.

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Speaker 2: I'm pissed at me.

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Speaker 1: No, I'm sure it's amazing. Honestly, that would be great

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Speaker 1: to have a Baqa theme song. I mean, just a

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Speaker 1: prohibition theme song in generad would be awesome.

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Speaker 2: I mean, but hearing you sing it is never get.

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Speaker 1: All right, we have questions. If you have questions, we

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Speaker 1: semight have answers that are not to be taken as

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Speaker 1: professional answers. They're really supposed to be answers that you

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Speaker 1: know you could take with the grain of salt and

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Speaker 1: then reach out to the Yeah it's just for fun sies, Yeah, exactly,

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Speaker 1: suit your grandma. All right, So first question, I read

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Speaker 1: the right question. Bianca says, Hello, ladies, love your show.

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Speaker 1: Thank you for giving out the wonderful advice you provide

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Speaker 1: for free every week. A few years ago, I got

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Speaker 1: into some serious debt and eventually used a financial debt

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Speaker 1: services company to get it paid off. All of the

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Speaker 1: accoun were settled. There were seven credit cards total. My

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Speaker 1: credit score dropped a bit low, and now it's a

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Speaker 1: six fifty. That's actually not bad, siss. I was wondering

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Speaker 1: what might be the best way to increase my credit score.

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Speaker 1: Now I know now the mistakes I made before, so

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Speaker 1: I'm not afraid to use credit. But I wasn't sure

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Speaker 1: what the best method would be, so it could be, Yanka,

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Speaker 1: I have a bunch of things. But what do you think, Mandra.

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Speaker 2: Well, I thought maybe because I know you talk about

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Speaker 2: this a lot. So as far as settling accounts that

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Speaker 2: stays on your credit report as well, does that take

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Speaker 2: like seven years to fall off?

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Speaker 1: It does?

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Speaker 2: Yeah, so she's a few years in so it's been

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Speaker 2: there for a minute. Yeah, that was my first question

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Speaker 2: because I'm just curious how all of that works.

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Speaker 1: Well for two years, it will It'll be things are

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Speaker 1: most harmful or helpful within the first two years. So

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Speaker 1: after two years, it doesn't mean that it's not there,

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Speaker 1: but it doesn't play as big of a role on

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Speaker 1: your score.

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Speaker 2: Yeah, she says, I know now the mistakes I made

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Speaker 2: before so afraid to use credit, but I wasn't sure

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Speaker 2: what the best method would be. Listen, learning from your

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Speaker 2: mistakes is good because seven credit cards is a lot

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Speaker 2: and having to go through the stress of getting that,

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Speaker 2: you know, even if you're you handle it, which is great,

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Speaker 2: like you take care of business, you know. My first

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Speaker 2: thought went to a secured credit card, me too, Yeah,

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Speaker 2: here ay, because with a secured credit card, it's it's

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Speaker 2: complete opposite of a regular credit card, which is unsecured,

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Speaker 2: which means that you don't have to put up any money.

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Speaker 2: They just give you account. They give you a credit

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Speaker 2: card with with the with the limit, and you know,

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Speaker 2: they take your word that you won't that if you,

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Speaker 2: you know, use the card, that you'll pay it back.

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Speaker 2: With a secured card, they require a deposit upfront, and

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Speaker 2: you know, you put that money, let's say it's five

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Speaker 2: hundred dollars or whatnot, you give it to the bank

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Speaker 2: and they hang on to it and that is their

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Speaker 2: collateral and they basically issue you a quote unquote line

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Speaker 2: of credit in that amount, and then you can use

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Speaker 2: that card to make a purchase here and there, and

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Speaker 2: then you pay it back. And if at the end

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Speaker 2: of your term, like what is it usually a year,

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Speaker 2: m right, they will return your deposit to you or

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Speaker 2: they'll hang on to it. If you didn't make your

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Speaker 2: bills on time, hopefully they returned the deposit to you.

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Speaker 2: And well what happens is month to month they will

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Speaker 2: report that good behavior to the credit bureaus. So it

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Speaker 2: can help you, it can help you rebuild. That's one idea.

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Speaker 1: So another idea, because credit bureaus like to see like

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Speaker 1: you have different types of debt that you've managed. So

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Speaker 1: credit card debt is called revolving debt because it never

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Speaker 1: really closes, just keeps revolving. Right, So there's also I

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Speaker 1: just had at the tip of my tongue it's revolving debt,

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Speaker 1: and then it's not I'm not stationary, no evolving debt.

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Speaker 1: Basically loans, but I forget the technical term for loans.

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Speaker 1: Basically it's it's debt that you pay that you pay

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Speaker 1: off installment installments. I was gonna say yes. For some reason,

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Speaker 1: I was thinking departments. I don't know why, department. I

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Speaker 1: was like the department store, ya sidebar? What I text

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Speaker 1: you to be like Mandy, where are taping? It, says mandrake,

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Speaker 1: And I meant to say mandra but for some reason,

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Speaker 1: my my autocorrect was like mandrake.

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Speaker 2: I was like, oh lord.

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Speaker 1: So anyway, that's just how my brain is working today.

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Speaker 1: Installment loans, So, an installment loan was basically any loan

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Speaker 1: that like, you pay off an installment. So think mortgage,

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Speaker 1: think car note, think student loan dead you know, so

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Speaker 1: one way you can do an installment loan that is

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Speaker 1: I call it like the loan fake out is they

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Speaker 1: call the credit builder loan. So for example, they're company

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Speaker 1: like like a a self. They used to call themselves

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Speaker 1: self lender, right, so, but also credit unions have these

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Speaker 1: two So if you're part of a credit union, they

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Speaker 1: likely have a credit builder loan. But if you don't

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Speaker 1: self as a company that you might look into. So

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Speaker 1: the way it works is you say, hey, credit union

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Speaker 1: or self or whatever, I want to do a credit

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Speaker 1: builder loan, and they say, okay, you choose the lowest amount.

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Speaker 1: That's just my suggestion. And I know on self is

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Speaker 1: five hundred dollars. I think I don't know what it

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Speaker 1: is at credit unions, but let's just pretend it's too hundred.

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Speaker 1: They let you borrow two hundred dollars, but you're not

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Speaker 1: actually going to get the two hundred. They're actually going

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Speaker 1: to keep that two hundred for you in a savings

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Speaker 1: account or a money market account, but still on the books,

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Speaker 1: it looks like you borrowed it, and then over the

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Speaker 1: course of a year, you're going to pay that money

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Speaker 1: back each month, you know, So if it's five hundred dollars,

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Speaker 1: divide five hundred dollars by twelve months and at the end,

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Speaker 1: so one it says, hey, it's Bianca, right, Hey, right,

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Speaker 1: Bianca borrowed money and she pays it back monthly on time,

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Speaker 1: and at the end of the year, she paid it

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Speaker 1: off in full. So you get these like these boosts

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Speaker 1: of like she paid it off and she paid on

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Speaker 1: time and so and then at the end of that year,

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Speaker 1: you get your two hundred dollars back, plus the little

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Speaker 1: bit of interest it accrued, you know, because you remember

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Speaker 1: you never actually got your money, but you paid it back.

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Speaker 1: And so people sometimes use these credit builder loans also

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Speaker 1: as for savings. So I remember I did this whole push.

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Speaker 1: We're like in November, Like, hey, sign up for a

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Speaker 1: credit builder loan in November if you're looking to raise

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Speaker 1: your credit. So by this time next year, not only

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Speaker 1: will you have your money in time for the holidays,

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Speaker 1: you know, like your lump sum back, but you'll also

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Speaker 1: have a better credit score to go into the holidays with,

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Speaker 1: which is great. And so that's another tool that you

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Speaker 1: can use to raise your your credit score, because, like

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Speaker 1: I said, credit reporting companies like to see that you

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Speaker 1: have a variety of ways that you've borrowed, and so

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Speaker 1: revolving that installment loans are two different ways. Here's like

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Speaker 1: a trick that I will tell you how to how

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Speaker 1: to really boost up your the credit card, the security

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Speaker 1: credit card that Mandy mentioned, put your lowest bill on it.

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Speaker 1: So the gym membership that you know you don't use,

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Speaker 1: Netflix that you know you do use, put the cheapest

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Speaker 1: bill on it. And you're going to say, Hey, Netflix,

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Speaker 1: I want you to charge my secured card every month.

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Speaker 1: And then you're going to say, hey, bank account, I

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Speaker 1: want you to pay this card off every month. And

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Speaker 1: that card you're not using it for anything else. It's

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Speaker 1: not to leave the house, it's not to leave the drawer.

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Speaker 1: It's just sits somewhere inside your drawer and gets paid

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Speaker 1: off every month automatically. Because when you pay off a

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Speaker 1: debt in full, Bianca, it's like the credit score agencies

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Speaker 1: do like a happy dan. It's like, oh gobiyanka, go byada. Now,

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Speaker 1: whether it's five dollars fifty five hundred five thousand, it's

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Speaker 1: not so much to the amount. It's the habit of

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Speaker 1: paying off a debt in full that jumps your credit score.

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Speaker 1: But you want to be mindful that you don't pay

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Speaker 1: it off too early. So you're gonna say, hey, credit card,

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Speaker 1: what's my statement date, Like, what's the day that you

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Speaker 1: actually tell the credit bureas bianca use the card because

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Speaker 1: you want them to tell that you use the card,

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Speaker 1: so they can also tell that you paid it off.

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Speaker 1: If you paid off too soon, they never get a

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Speaker 1: chance to say that you made you know, you made

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Speaker 1: a good choice. So you want to pay off the

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Speaker 1: card after the statement date, but by the due date.

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Speaker 1: People always get confused by that. So I think the

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Speaker 1: date is so.

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Speaker 2: Hard on purpose. It's not y'all's fault that this stuff

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Speaker 2: seems difficult, because it is. They make it hard. It's

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Speaker 2: like the best way to get a good credit score

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Speaker 2: is to like use the tools and know how they work,

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Speaker 2: but then like, I mean, know how they work, but

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Speaker 2: never use them, and if you do use them, use

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Speaker 2: them a specific way.

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Speaker 1: Yeah, it ish could be really overwhelming, But I'm telling

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Speaker 1: if you do those three things, get yourself a secured

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Speaker 1: card paid off every month in full automatically, and potentially

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Speaker 1: get a credit builder loan automatic and automate those payments

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Speaker 1: as well, then you should see your credit score, which

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Speaker 1: is actually not that bad. A seven six point fifty

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Speaker 1: is not terrible because seven forty is the beginning of

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Speaker 1: perfect credit, So you should you know, you should? You

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Speaker 1: know see like some movement. I can't tell you when

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Speaker 1: because your credit score is like a GPA, so we'd

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Speaker 1: have to know all your other grades. But just know

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Speaker 1: that any A you get which is paying off in

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Speaker 1: full or paying in general, any A you get is

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Speaker 1: going to offset any f you might have gotten previously.

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Speaker 2: I love that GPA analogy. I steal it from you

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Speaker 2: all the time.

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Speaker 1: Yeah, give your credit though, I give you credit.

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Speaker 2: It's fine, absolutely, and just let time do the rest,

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Speaker 2: because you're a few years away from having those settlements

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Speaker 2: fall off your which sounds like a long long time,

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Speaker 2: but hopefully it'll go by quickly. All right, miss Bianca,

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Speaker 2: thank you for your question. Let me move on to

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Speaker 2: this this doozy of a question from listener Jennifer Colin

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Speaker 2: or colin In emailing us from the Bay Area in

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Speaker 2: San France. So she and her hubby are thinking about

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Speaker 2: buying a house. I think this question is good, so

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Speaker 2: I've highlighted the essentials. Let me let me get into it.

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Speaker 2: Because Jennifer was she was very detailed. I'll leave it

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Speaker 2: at that, all right. Jennifer says, I love love, love

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Speaker 2: brown ambition not only the good advice and thoughts, but

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Speaker 2: you're both just a lot of fun and inspiring to

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Speaker 2: listen to each week. Thank you, Jennifer alrighty, she says.

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Speaker 2: My husband and I are in our late thirties. We

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Speaker 2: live in the San Francisco Bay area and we're currently

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Speaker 2: saving for our first home as our next big goal.

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Speaker 2: Our household income has jumped from about one fifty a

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Speaker 2: year to three sixty five a year almost two years ago,

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Speaker 2: and we are making a sizable but late push for

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Speaker 2: retirement in college savings. For our two chill trend. Right now,

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Speaker 2: we have about two hundred and thirty thousand dollars earmarked

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Speaker 2: for a down payment, and that doesn't include our emergency fund. Okay,

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Speaker 2: pause for the snaps. Very impressive, but here's a problem.

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Speaker 2: We live in a very wealthy area of Silicon Valley

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Speaker 2: where even for a teardown home, we're looking at under

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Speaker 2: two million dollars for that tear home teardown home. Unless

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Speaker 2: my husband's startup gets acquired, which is a real possibility,

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Speaker 2: we'll have to move to a more affordable area to

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Speaker 2: buy a house. But as I approach forty, I really

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Speaker 2: want that house. In all caps, growing up in a

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Speaker 2: black household. Home ownership was a big symbol of security

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Speaker 2: and prosperity, and I'm disappointed that I have not achieved

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Speaker 2: this milestone yet. I have this crazy idea that we

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Speaker 2: should buy a house in the East Bay area and

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Speaker 2: purchase a cute bungalow for one point two million dollars.

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Speaker 2: We can rent it out or just keep it until

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Speaker 2: we're ready to make our next move. I'm nervous that

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Speaker 2: home prices will go up and up and up and

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Speaker 2: may become out of our reach. All caps again, am

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Speaker 2: I Cray? Cray? Would you go for it and start

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Speaker 2: looking or just wait to see what life looks like

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Speaker 2: in two to three years. Jennifer, Jenny from the Block.

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Speaker 2: Isn't it a damn shame that you can have all

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Speaker 2: this money and still behind?

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Speaker 1: That's what's crazy.

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Speaker 2: This country is crazy.

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Speaker 1: It is crazy. Yeah, well this is really I'm full

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Speaker 1: of emotions, Jenny, because don't be fool by the rock

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Speaker 1: so that I got, I'm still I'm still Jenny from

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Speaker 1: the Block. I love that. Jenny.

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Speaker 2: My mom, my, mom, mom.

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Speaker 1: Okay, we gotta work it out. We gonna let's just

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Speaker 1: talk talk it through because I don't have it. Sometimes

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Speaker 1: I have a definitive yes no, so one congratulations for

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Speaker 1: having that money saved. I because to your point, I

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Speaker 1: actually was just watching, like reading this article. I forget

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Speaker 1: where how although people left California, a lot of people

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Speaker 1: are coming back now, you know post like you know quarantine.

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Speaker 1: So yes, although you know, certainly a lot of tech

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Speaker 1: companies moved out, but there's still a lot of people there.

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Speaker 1: So I don't know that home people keep talking about

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Speaker 1: a home, you know, home prices crashing, just like the

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Speaker 1: Great Recession. But the truth is, we have very a

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Speaker 1: very different set of circumstances than we had during the

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Speaker 1: Great Recession that are not that are not. I'm not

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Speaker 1: saying that there won't be a home correction, which is

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Speaker 1: when people's houses that they bought for a lot of money,

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Speaker 1: you know, go back to the price that they should

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Speaker 1: have been. But I don't know that we're not this

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Speaker 1: is not what it should be because one, our interest

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Speaker 1: rates are significantly lower than during the Great Recession, and

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Speaker 1: we don't have a bunch of people with bad loans

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Speaker 1: like they did with the Great Recession because after the

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Speaker 1: Great Recession there was all this legislation put in place,

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Speaker 1: so we're not in the same position. So I don't

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Speaker 1: know that. I don't know because part of me is

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Speaker 1: like maybe just finding like you know how sometimes you can,

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Speaker 1: like you can live in New York, or you can

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Speaker 1: come on over to Newark and get something more affordable

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Speaker 1: and that's not too far out. That's probably where I

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Speaker 1: lean into. I like the idea of you know, getting

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Speaker 1: something to start. But know this, if you're going to

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Speaker 1: qualify for an FAH loan, which is a federally backed

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Speaker 1: like mortgage, you have to be a new home buyer

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Speaker 1: within within the last three or four years. Meaning so

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Speaker 1: let's just say what you could do is say the

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Speaker 1: first home I can get under my name, if you can,

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Speaker 1: if you're able to get a mortgage with just you,

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Speaker 1: so that way you can get the because I think, faha,

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Speaker 1: the down payment is only like three point five percent,

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Speaker 1: which is a significant drop to the twenty percent that

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Speaker 1: a regular traditional loan will require of you. And then

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Speaker 1: maybe when you're ready, your husband gets the next one.

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Speaker 1: I don't know. That's my only thing is that, like,

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Speaker 1: if you that I don't want that. You know, if

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Speaker 1: I was going to get my first house, I would

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Speaker 1: think to myself, I would like to get a house,

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Speaker 1: maybe that is something with more than one unit, so

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Speaker 1: I can take advantage of the fach loan and then

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Speaker 1: potentially pull money out of that house to get the

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Speaker 1: next one. So I'm I'm conflicted. I think home ownership

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Speaker 1: is a cornerstone for wealth in the United States for

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Speaker 1: the most part. I know, we hear people say that

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Speaker 1: that's not true, but the truth is when you shake

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Speaker 1: the numbers out at the end oftentimes that it just

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Speaker 1: is true. But at the same time, I don't want

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Speaker 1: you guys to like drown yourself and be house you know,

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Speaker 1: house poor.

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Speaker 2: Or yeah, yeah, I think I just keep going back

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Speaker 2: to the part where she says, you know, growing up

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Speaker 2: at a black household, home ownership was a big symbol

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Speaker 2: of security and prosperity, and I'm disappointed that I've not

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Speaker 2: achieved that milestone yet. Go easy on yourself. I mean,

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Speaker 2: you guys have achieved a lot. You have a two

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Speaker 2: year old, you have two children's nine two children's two

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Speaker 2: kids ages nine and twelve, and you've managed to still

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Speaker 2: build this incredible nest egg, this incredible amount of money

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Speaker 2: that you have for your down payment, not including your

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Speaker 2: emergency fund, and you've started their you know, college savings,

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Speaker 2: and it sounds like your husband's in a position to

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Speaker 2: unlock even more wealth if his startup gets acquired. I know,

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Speaker 2: it's a huge if. The thing is, I think when

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Speaker 2: it comes to making big personal finance decisions, at the

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Speaker 2: end of the day, there's a there's a combination of

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Speaker 2: the what ifs, and there's a common and there's like

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Speaker 2: you have to find the happy ground between uncertainty and

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Speaker 2: the information that you have now and your your personal

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Speaker 2: goals and your personal happiness. And I think at a

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Speaker 2: certain point, especially buying a home is one of the

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Speaker 2: most is one of the greatest examples of this and

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Speaker 2: where it can all be really difficult to balance out

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Speaker 2: because I don't think there's for a lot of people

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Speaker 2: it is the single most expensive purchase you're ever going

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Speaker 2: to make. It's always going to be fraught, and I

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Speaker 2: think the more educated we get about the housing market

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Speaker 2: and the ups and downs of it, there is more fear.

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Speaker 2: You know, am I making the right decision? Is it

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Speaker 2: actually going to be a good investment? I think if

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Speaker 2: you guys, if you look at it as you know,

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Speaker 2: we have the information that we have today, we are

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Speaker 2: going to look at, you know, look at the comps

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Speaker 2: in our area and buy a reasonably priced home relative

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Speaker 2: to the market that we're in. And we're not going

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Speaker 2: to you know, we're not going to cut ourselves off

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Speaker 2: at the knees financially in order to afford this home

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Speaker 2: just because we think we need it. But if you're

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Speaker 2: doing it because you have children, you want to be,

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Speaker 2: you know, in a good school district, you want this

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Speaker 2: certain lifestyle, you want the stability that comes with home ownership,

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Speaker 2: and you have the finances to pull it off and

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Speaker 2: still have room to reach your other goals like retirement,

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Speaker 2: like college shavings, your emergency fund. Then I feel like

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Speaker 2: you have you have enough good information, you have enough

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Speaker 2: good reasons to want to own a home, and if

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Speaker 2: you have the opportunity and you feel like it's a

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Speaker 2: good time for you, guys, you have to just kind

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Speaker 2: of make peace with that decision and the fact that

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Speaker 2: you will not have all the information. There is no

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Speaker 2: crystal ball. You can make the best decision with the

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Speaker 2: information you have today, and then you've got to just

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Speaker 2: like let it go, let it go, and try to

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Speaker 2: be mindful of how to protect yourself against certain situations.

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Speaker 2: Down the line. Like Tiffany said, you know, look at

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Speaker 2: you just because you have two hundred and thirty k

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Speaker 2: for a downpaymentant to put all of that down, It

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Speaker 2: may make you more competitive as a bar or as

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Speaker 2: a buyer in your market. But you know, you don't

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Speaker 2: have to put every dollar down. You can save some

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Speaker 2: to have as a slash, like an emergency fund for

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Speaker 2: your for just for your home itself, or for those

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Speaker 2: repairs or remodeling you might want to do. But as

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Speaker 2: far as you're nervous, having nervousness around home prices will

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Speaker 2: just go up and up and up and eventually become

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Speaker 2: out of our reach. I think that's a real yeah,

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Speaker 2: that's a real understandable fear, especially in a place like

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Speaker 2: San Francisco. And I don't think that your Craig Kray

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Speaker 2: at all to start looking for homes now. It's kind

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Speaker 2: of like what Tiffany said about pricing out that range Rover, like,

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Speaker 2: don't talk yourself out of it until you do the legwork.

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Speaker 2: You know, go see the homes. Are there even homes

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Speaker 2: that you want to buy out there? Do you does

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Speaker 2: it make you excited and happy to look at them?

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Speaker 2: And do they give you do they help you. You

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Speaker 2: said that you're really happy now your kids are in

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Speaker 2: a school, a good school, and yeah, your husband has

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Speaker 2: a short commute, Like those things matter. So to get

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Speaker 2: what you want in a home, what are you sacrificing

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Speaker 2: any of the things that already make you? Guys so happy?

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Speaker 2: And you really want to know that until you're looking

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Speaker 2: that was good? Was that good?

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Speaker 1: It was great? It was endous? Even got it? No, no, no,

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Speaker 1: I don'd say that was I don't even have anything

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Speaker 1: to add to that, honestly, because I to your pot,

401
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Speaker 1: I was on the fence. It's like, because the truth is,

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Speaker 1: I've been thinking about that, Mandy. I'm like, Okay, I

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Speaker 1: love our house here in Newark, but I'm not gonna lie.

404
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Speaker 1: It's still new work, and so we're considering moving to

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Speaker 1: like a different neighborhood, you know, a different city. I

406
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Speaker 1: know people are like, no, the mayor's wife is going

407
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Speaker 1: to be like, Tiffy, what did I tell you?

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Speaker 2: You can't?

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Speaker 1: But I would still keep this house here because sis,

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Speaker 1: it's paid off. We will just rent it out. But

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Speaker 1: I just been struggling with like, wait, it's the market

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Speaker 1: gonna drop? Should I wait? Should I not wait? Because

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00:19:48,119 --> 00:19:50,680
Speaker 1: right now it's so crazy. You know, I just been

414
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Speaker 1: you know, doubled you know, that double Dutch entrance, like

415
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Speaker 1: back and forth, back and forth. But you the advice

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Speaker 1: that you just gave Jennifer was really great. Like I

417
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Speaker 1: haven't even really looked, so how do I know, you know,

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Speaker 1: we might find something and we're like, oh, oh my gosh,

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Speaker 1: this is really perfect. Because me and Superman have been

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Speaker 1: really talking about that. They're like, you know, they're just like,

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Speaker 1: this is the best part of Newark, but still Newark

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Speaker 1: be Newark, and sometimes.

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Speaker 2: You still got to walk around with the taser in

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Speaker 2: your pocket right exactly off the neighborhood dog for dogs

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Speaker 2: or men.

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Speaker 1: So yeah, that was like so but I've been in

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Speaker 1: that same spot where I'm like, okay, we've got the money.

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Speaker 1: It actually is a really easy commute for Superman. You know,

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Speaker 1: like we're right down the street from my sister, which

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Speaker 1: is great. One of my really like my one of

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Speaker 1: my closest friends was around the corner. So there's other

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Speaker 1: things here that make living here so great. So I

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Speaker 1: don't know, I'm on the fence, you know, because I

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00:20:44,440 --> 00:20:46,360
Speaker 1: also I'm like, oh, price is just gonna go up,

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00:20:46,560 --> 00:20:48,880
Speaker 1: so Jennifer, I'm right with you. I'm still on the fence,

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00:20:48,920 --> 00:20:50,879
Speaker 1: but I think the best advice that Mandy gave was

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00:20:51,200 --> 00:20:54,680
Speaker 1: just start looking. You start looking, and you know, because

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00:20:54,800 --> 00:20:57,480
Speaker 1: you might find actually these neighborhoods are not that much better,

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00:20:57,720 --> 00:21:00,360
Speaker 1: or oh my gosh, I love it here and it's

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00:21:00,400 --> 00:21:02,399
Speaker 1: worth you know, it's worth not being as close.

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Speaker 2: So yeah, absolutely, you will not know until you start

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00:21:05,680 --> 00:21:07,600
Speaker 2: looking and you have the money in the bank to

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00:21:07,640 --> 00:21:09,880
Speaker 2: where if you just you can be comforted knowing when

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00:21:09,880 --> 00:21:11,240
Speaker 2: you go out there, it's not like you're going to

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00:21:11,240 --> 00:21:14,760
Speaker 2: find something that you couldn't necessarily afford. Like if you

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00:21:14,800 --> 00:21:16,640
Speaker 2: find your dream home, it sounds like you guys are

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00:21:16,680 --> 00:21:18,440
Speaker 2: in a position to go there. I would just say,

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00:21:18,520 --> 00:21:20,960
Speaker 2: you know, find a realtor who keeps you within your budget. Yeah,

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00:21:21,000 --> 00:21:22,359
Speaker 2: cause you know, you don't need to be out there

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00:21:22,400 --> 00:21:24,440
Speaker 2: looking at things you can't have. Like the first ten

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Speaker 2: minutes of the What's the Property Brothers show, where the

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00:21:28,200 --> 00:21:30,080
Speaker 2: first ten minutes they take the homeowners to the dream

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00:21:30,080 --> 00:21:32,320
Speaker 2: home and you just ask they can't afford it. It's like,

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00:21:32,320 --> 00:21:33,560
Speaker 2: why do you do this to these people?

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Speaker 1: Yeah?

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00:21:33,960 --> 00:21:37,400
Speaker 2: Best anyway, Yeah, but you have to yes, price it out,

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Speaker 2: walk in the home, see how it feels, and be

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00:21:40,440 --> 00:21:44,360
Speaker 2: open to the idea that your family's perception of home

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00:21:44,400 --> 00:21:47,199
Speaker 2: ownership is not the holy grail of finance as it

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00:21:47,240 --> 00:21:49,720
Speaker 2: may seem. And that can be okay. It can be

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00:21:49,760 --> 00:21:53,080
Speaker 2: okay to rent. But if your dream is to have

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00:21:53,119 --> 00:21:55,560
Speaker 2: a home and you want that stability and you don't

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00:21:55,600 --> 00:21:58,760
Speaker 2: care about retiring and Portugal or wherever else, everyone retires

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00:21:58,800 --> 00:22:00,879
Speaker 2: early and never gets a home and you know, invest

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00:22:00,920 --> 00:22:02,640
Speaker 2: all their money in the market, that's not the lifestyle

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Speaker 2: for you. That's fine, you do not, It's it's completely

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00:22:06,560 --> 00:22:08,920
Speaker 2: fine to just you know, be happy, have your home

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Speaker 2: and reach whatever goals you guys have.

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Speaker 1: Yeah, yeah, yes, well I've grown decisions. If you've got questions,

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00:22:18,640 --> 00:22:24,480
Speaker 1: like Bianca and Jenny from the Block, you can ask them. Sis, bro,

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00:22:25,560 --> 00:22:29,000
Speaker 1: that's sounds weird. Come. We are here and available and

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00:22:29,000 --> 00:22:31,959
Speaker 1: open to you for the ba QA. We love answering

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00:22:32,000 --> 00:22:34,600
Speaker 1: your questions. When Instagram is back up, because currently right

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00:22:34,600 --> 00:22:38,360
Speaker 1: now Instagram is down. Honey, it is down. But when

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00:22:38,359 --> 00:22:40,800
Speaker 1: it is up, you could go to a Branna Vision podcast.

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00:22:40,800 --> 00:22:43,719
Speaker 1: We're at Branna Vision Podcast. You can slide into our DMS.

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00:22:43,760 --> 00:22:47,000
Speaker 1: You can send us an email at Brandipision podcasts at

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00:22:47,000 --> 00:22:49,520
Speaker 1: gmail dot com, Hey you got it, or you can

479
00:22:49,520 --> 00:22:53,160
Speaker 1: go to brannibision podcast dot com and click ask us

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00:22:53,200 --> 00:22:56,720
Speaker 1: anything and ask away. We look forward to.

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Speaker 2: It until next week. By y'all, Bye m Oka