Speaker 1: And now it's time for the b a q a
Speaker 1: b a q the b a q A. I would
Speaker 1: love if somebody made us a b a q a
Speaker 1: theme song. I'm going to reach out to like Chris
Speaker 1: and his wife again because they made my Budgetessa budget
Speaker 1: liesta what was it? Look at me? A budget has
Speaker 1: to breakdown theme song.
Speaker 2: Yeah, it's so funny that you say that, because I
Speaker 2: texted my little brother over the weekend. Uh is a musician,
Speaker 2: you know, in his partum whenever he feels like yeah,
Speaker 2: you know, he used to go by Rain in college,
Speaker 2: but he's dropped that moniker and now he's just whatever
Speaker 2: he is. And he and he's in Atlanta, and I
Speaker 2: was like, there's got to be some great you know,
Speaker 2: yeah musicians in Atlanta. So he's on the lookout. I
Speaker 2: don't want him to do it, but he's acting like,
Speaker 2: I don't know, this is like jingle. I don't really
Speaker 2: do jingles. Oh, come on, Rain, he's very Yeah, he's
Speaker 2: so sensitive about his music. I shouldn't even be talking
Speaker 2: about it.
Speaker 1: Wow, I'm it's amazing.
Speaker 2: I'm pissed at me.
Speaker 1: No, I'm sure it's amazing. Honestly, that would be great
Speaker 1: to have a Baqa theme song. I mean, just a
Speaker 1: prohibition theme song in generad would be awesome.
Speaker 2: I mean, but hearing you sing it is never get.
Speaker 1: All right, we have questions. If you have questions, we
Speaker 1: semight have answers that are not to be taken as
Speaker 1: professional answers. They're really supposed to be answers that you
Speaker 1: know you could take with the grain of salt and
Speaker 1: then reach out to the Yeah it's just for fun sies, Yeah, exactly,
Speaker 1: suit your grandma. All right, So first question, I read
Speaker 1: the right question. Bianca says, Hello, ladies, love your show.
Speaker 1: Thank you for giving out the wonderful advice you provide
Speaker 1: for free every week. A few years ago, I got
Speaker 1: into some serious debt and eventually used a financial debt
Speaker 1: services company to get it paid off. All of the
Speaker 1: accoun were settled. There were seven credit cards total. My
Speaker 1: credit score dropped a bit low, and now it's a
Speaker 1: six fifty. That's actually not bad, siss. I was wondering
Speaker 1: what might be the best way to increase my credit score.
Speaker 1: Now I know now the mistakes I made before, so
Speaker 1: I'm not afraid to use credit. But I wasn't sure
Speaker 1: what the best method would be, so it could be, Yanka,
Speaker 1: I have a bunch of things. But what do you think, Mandra.
Speaker 2: Well, I thought maybe because I know you talk about
Speaker 2: this a lot. So as far as settling accounts that
Speaker 2: stays on your credit report as well, does that take
Speaker 2: like seven years to fall off?
Speaker 1: It does?
Speaker 2: Yeah, so she's a few years in so it's been
Speaker 2: there for a minute. Yeah, that was my first question
Speaker 2: because I'm just curious how all of that works.
Speaker 1: Well for two years, it will It'll be things are
Speaker 1: most harmful or helpful within the first two years. So
Speaker 1: after two years, it doesn't mean that it's not there,
Speaker 1: but it doesn't play as big of a role on
Speaker 1: your score.
Speaker 2: Yeah, she says, I know now the mistakes I made
Speaker 2: before so afraid to use credit, but I wasn't sure
Speaker 2: what the best method would be. Listen, learning from your
Speaker 2: mistakes is good because seven credit cards is a lot
Speaker 2: and having to go through the stress of getting that,
Speaker 2: you know, even if you're you handle it, which is great,
Speaker 2: like you take care of business, you know. My first
Speaker 2: thought went to a secured credit card, me too, Yeah,
Speaker 2: here ay, because with a secured credit card, it's it's
Speaker 2: complete opposite of a regular credit card, which is unsecured,
Speaker 2: which means that you don't have to put up any money.
Speaker 2: They just give you account. They give you a credit
Speaker 2: card with with the with the limit, and you know,
Speaker 2: they take your word that you won't that if you,
Speaker 2: you know, use the card, that you'll pay it back.
Speaker 2: With a secured card, they require a deposit upfront, and
Speaker 2: you know, you put that money, let's say it's five
Speaker 2: hundred dollars or whatnot, you give it to the bank
Speaker 2: and they hang on to it and that is their
Speaker 2: collateral and they basically issue you a quote unquote line
Speaker 2: of credit in that amount, and then you can use
Speaker 2: that card to make a purchase here and there, and
Speaker 2: then you pay it back. And if at the end
Speaker 2: of your term, like what is it usually a year,
Speaker 2: m right, they will return your deposit to you or
Speaker 2: they'll hang on to it. If you didn't make your
Speaker 2: bills on time, hopefully they returned the deposit to you.
Speaker 2: And well what happens is month to month they will
Speaker 2: report that good behavior to the credit bureaus. So it
Speaker 2: can help you, it can help you rebuild. That's one idea.
Speaker 1: So another idea, because credit bureaus like to see like
Speaker 1: you have different types of debt that you've managed. So
Speaker 1: credit card debt is called revolving debt because it never
Speaker 1: really closes, just keeps revolving. Right, So there's also I
Speaker 1: just had at the tip of my tongue it's revolving debt,
Speaker 1: and then it's not I'm not stationary, no evolving debt.
Speaker 1: Basically loans, but I forget the technical term for loans.
Speaker 1: Basically it's it's debt that you pay that you pay
Speaker 1: off installment installments. I was gonna say yes. For some reason,
Speaker 1: I was thinking departments. I don't know why, department. I
Speaker 1: was like the department store, ya sidebar? What I text
Speaker 1: you to be like Mandy, where are taping? It, says mandrake,
Speaker 1: And I meant to say mandra but for some reason,
Speaker 1: my my autocorrect was like mandrake.
Speaker 2: I was like, oh lord.
Speaker 1: So anyway, that's just how my brain is working today.
Speaker 1: Installment loans, So, an installment loan was basically any loan
Speaker 1: that like, you pay off an installment. So think mortgage,
Speaker 1: think car note, think student loan dead you know, so
Speaker 1: one way you can do an installment loan that is
Speaker 1: I call it like the loan fake out is they
Speaker 1: call the credit builder loan. So for example, they're company
Speaker 1: like like a a self. They used to call themselves
Speaker 1: self lender, right, so, but also credit unions have these
Speaker 1: two So if you're part of a credit union, they
Speaker 1: likely have a credit builder loan. But if you don't
Speaker 1: self as a company that you might look into. So
Speaker 1: the way it works is you say, hey, credit union
Speaker 1: or self or whatever, I want to do a credit
Speaker 1: builder loan, and they say, okay, you choose the lowest amount.
Speaker 1: That's just my suggestion. And I know on self is
Speaker 1: five hundred dollars. I think I don't know what it
Speaker 1: is at credit unions, but let's just pretend it's too hundred.
Speaker 1: They let you borrow two hundred dollars, but you're not
Speaker 1: actually going to get the two hundred. They're actually going
Speaker 1: to keep that two hundred for you in a savings
Speaker 1: account or a money market account, but still on the books,
Speaker 1: it looks like you borrowed it, and then over the
Speaker 1: course of a year, you're going to pay that money
Speaker 1: back each month, you know, So if it's five hundred dollars,
Speaker 1: divide five hundred dollars by twelve months and at the end,
Speaker 1: so one it says, hey, it's Bianca, right, Hey, right,
Speaker 1: Bianca borrowed money and she pays it back monthly on time,
Speaker 1: and at the end of the year, she paid it
Speaker 1: off in full. So you get these like these boosts
Speaker 1: of like she paid it off and she paid on
Speaker 1: time and so and then at the end of that year,
Speaker 1: you get your two hundred dollars back, plus the little
Speaker 1: bit of interest it accrued, you know, because you remember
Speaker 1: you never actually got your money, but you paid it back.
Speaker 1: And so people sometimes use these credit builder loans also
Speaker 1: as for savings. So I remember I did this whole push.
Speaker 1: We're like in November, Like, hey, sign up for a
Speaker 1: credit builder loan in November if you're looking to raise
Speaker 1: your credit. So by this time next year, not only
Speaker 1: will you have your money in time for the holidays,
Speaker 1: you know, like your lump sum back, but you'll also
Speaker 1: have a better credit score to go into the holidays with,
Speaker 1: which is great. And so that's another tool that you
Speaker 1: can use to raise your your credit score, because, like
Speaker 1: I said, credit reporting companies like to see that you
Speaker 1: have a variety of ways that you've borrowed, and so
Speaker 1: revolving that installment loans are two different ways. Here's like
Speaker 1: a trick that I will tell you how to how
Speaker 1: to really boost up your the credit card, the security
Speaker 1: credit card that Mandy mentioned, put your lowest bill on it.
Speaker 1: So the gym membership that you know you don't use,
Speaker 1: Netflix that you know you do use, put the cheapest
Speaker 1: bill on it. And you're going to say, Hey, Netflix,
Speaker 1: I want you to charge my secured card every month.
Speaker 1: And then you're going to say, hey, bank account, I
Speaker 1: want you to pay this card off every month. And
Speaker 1: that card you're not using it for anything else. It's
Speaker 1: not to leave the house, it's not to leave the drawer.
Speaker 1: It's just sits somewhere inside your drawer and gets paid
Speaker 1: off every month automatically. Because when you pay off a
Speaker 1: debt in full, Bianca, it's like the credit score agencies
Speaker 1: do like a happy dan. It's like, oh gobiyanka, go byada. Now,
Speaker 1: whether it's five dollars fifty five hundred five thousand, it's
Speaker 1: not so much to the amount. It's the habit of
Speaker 1: paying off a debt in full that jumps your credit score.
Speaker 1: But you want to be mindful that you don't pay
Speaker 1: it off too early. So you're gonna say, hey, credit card,
Speaker 1: what's my statement date, Like, what's the day that you
Speaker 1: actually tell the credit bureas bianca use the card because
Speaker 1: you want them to tell that you use the card,
Speaker 1: so they can also tell that you paid it off.
Speaker 1: If you paid off too soon, they never get a
Speaker 1: chance to say that you made you know, you made
Speaker 1: a good choice. So you want to pay off the
Speaker 1: card after the statement date, but by the due date.
Speaker 1: People always get confused by that. So I think the
Speaker 1: date is so.
Speaker 2: Hard on purpose. It's not y'all's fault that this stuff
Speaker 2: seems difficult, because it is. They make it hard. It's
Speaker 2: like the best way to get a good credit score
Speaker 2: is to like use the tools and know how they work,
Speaker 2: but then like, I mean, know how they work, but
Speaker 2: never use them, and if you do use them, use
Speaker 2: them a specific way.
Speaker 1: Yeah, it ish could be really overwhelming, But I'm telling
Speaker 1: if you do those three things, get yourself a secured
Speaker 1: card paid off every month in full automatically, and potentially
Speaker 1: get a credit builder loan automatic and automate those payments
Speaker 1: as well, then you should see your credit score, which
Speaker 1: is actually not that bad. A seven six point fifty
Speaker 1: is not terrible because seven forty is the beginning of
Speaker 1: perfect credit, So you should you know, you should? You
Speaker 1: know see like some movement. I can't tell you when
Speaker 1: because your credit score is like a GPA, so we'd
Speaker 1: have to know all your other grades. But just know
Speaker 1: that any A you get which is paying off in
Speaker 1: full or paying in general, any A you get is
Speaker 1: going to offset any f you might have gotten previously.
Speaker 2: I love that GPA analogy. I steal it from you
Speaker 2: all the time.
Speaker 1: Yeah, give your credit though, I give you credit.
Speaker 2: It's fine, absolutely, and just let time do the rest,
Speaker 2: because you're a few years away from having those settlements
Speaker 2: fall off your which sounds like a long long time,
Speaker 2: but hopefully it'll go by quickly. All right, miss Bianca,
Speaker 2: thank you for your question. Let me move on to
Speaker 2: this this doozy of a question from listener Jennifer Colin
Speaker 2: or colin In emailing us from the Bay Area in
Speaker 2: San France. So she and her hubby are thinking about
Speaker 2: buying a house. I think this question is good, so
Speaker 2: I've highlighted the essentials. Let me let me get into it.
Speaker 2: Because Jennifer was she was very detailed. I'll leave it
Speaker 2: at that, all right. Jennifer says, I love love, love
Speaker 2: brown ambition not only the good advice and thoughts, but
Speaker 2: you're both just a lot of fun and inspiring to
Speaker 2: listen to each week. Thank you, Jennifer alrighty, she says.
Speaker 2: My husband and I are in our late thirties. We
Speaker 2: live in the San Francisco Bay area and we're currently
Speaker 2: saving for our first home as our next big goal.
Speaker 2: Our household income has jumped from about one fifty a
Speaker 2: year to three sixty five a year almost two years ago,
Speaker 2: and we are making a sizable but late push for
Speaker 2: retirement in college savings. For our two chill trend. Right now,
Speaker 2: we have about two hundred and thirty thousand dollars earmarked
Speaker 2: for a down payment, and that doesn't include our emergency fund. Okay,
Speaker 2: pause for the snaps. Very impressive, but here's a problem.
Speaker 2: We live in a very wealthy area of Silicon Valley
Speaker 2: where even for a teardown home, we're looking at under
Speaker 2: two million dollars for that tear home teardown home. Unless
Speaker 2: my husband's startup gets acquired, which is a real possibility,
Speaker 2: we'll have to move to a more affordable area to
Speaker 2: buy a house. But as I approach forty, I really
Speaker 2: want that house. In all caps, growing up in a
Speaker 2: black household. Home ownership was a big symbol of security
Speaker 2: and prosperity, and I'm disappointed that I have not achieved
Speaker 2: this milestone yet. I have this crazy idea that we
Speaker 2: should buy a house in the East Bay area and
Speaker 2: purchase a cute bungalow for one point two million dollars.
Speaker 2: We can rent it out or just keep it until
Speaker 2: we're ready to make our next move. I'm nervous that
Speaker 2: home prices will go up and up and up and
Speaker 2: may become out of our reach. All caps again, am
Speaker 2: I Cray? Cray? Would you go for it and start
Speaker 2: looking or just wait to see what life looks like
Speaker 2: in two to three years. Jennifer, Jenny from the Block.
Speaker 2: Isn't it a damn shame that you can have all
Speaker 2: this money and still behind?
Speaker 1: That's what's crazy.
Speaker 2: This country is crazy.
Speaker 1: It is crazy. Yeah, well this is really I'm full
Speaker 1: of emotions, Jenny, because don't be fool by the rock
Speaker 1: so that I got, I'm still I'm still Jenny from
Speaker 1: the Block. I love that. Jenny.
Speaker 2: My mom, my, mom, mom.
Speaker 1: Okay, we gotta work it out. We gonna let's just
Speaker 1: talk talk it through because I don't have it. Sometimes
Speaker 1: I have a definitive yes no, so one congratulations for
Speaker 1: having that money saved. I because to your point, I
Speaker 1: actually was just watching, like reading this article. I forget
Speaker 1: where how although people left California, a lot of people
Speaker 1: are coming back now, you know post like you know quarantine.
Speaker 1: So yes, although you know, certainly a lot of tech
Speaker 1: companies moved out, but there's still a lot of people there.
Speaker 1: So I don't know that home people keep talking about
Speaker 1: a home, you know, home prices crashing, just like the
Speaker 1: Great Recession. But the truth is, we have very a
Speaker 1: very different set of circumstances than we had during the
Speaker 1: Great Recession that are not that are not. I'm not
Speaker 1: saying that there won't be a home correction, which is
Speaker 1: when people's houses that they bought for a lot of money,
Speaker 1: you know, go back to the price that they should
Speaker 1: have been. But I don't know that we're not this
Speaker 1: is not what it should be because one, our interest
Speaker 1: rates are significantly lower than during the Great Recession, and
Speaker 1: we don't have a bunch of people with bad loans
Speaker 1: like they did with the Great Recession because after the
Speaker 1: Great Recession there was all this legislation put in place,
Speaker 1: so we're not in the same position. So I don't
Speaker 1: know that. I don't know because part of me is
Speaker 1: like maybe just finding like you know how sometimes you can,
Speaker 1: like you can live in New York, or you can
Speaker 1: come on over to Newark and get something more affordable
Speaker 1: and that's not too far out. That's probably where I
Speaker 1: lean into. I like the idea of you know, getting
Speaker 1: something to start. But know this, if you're going to
Speaker 1: qualify for an FAH loan, which is a federally backed
Speaker 1: like mortgage, you have to be a new home buyer
Speaker 1: within within the last three or four years. Meaning so
Speaker 1: let's just say what you could do is say the
Speaker 1: first home I can get under my name, if you can,
Speaker 1: if you're able to get a mortgage with just you,
Speaker 1: so that way you can get the because I think, faha,
Speaker 1: the down payment is only like three point five percent,
Speaker 1: which is a significant drop to the twenty percent that
Speaker 1: a regular traditional loan will require of you. And then
Speaker 1: maybe when you're ready, your husband gets the next one.
Speaker 1: I don't know. That's my only thing is that, like,
Speaker 1: if you that I don't want that. You know, if
Speaker 1: I was going to get my first house, I would
Speaker 1: think to myself, I would like to get a house,
Speaker 1: maybe that is something with more than one unit, so
Speaker 1: I can take advantage of the fach loan and then
Speaker 1: potentially pull money out of that house to get the
Speaker 1: next one. So I'm I'm conflicted. I think home ownership
Speaker 1: is a cornerstone for wealth in the United States for
Speaker 1: the most part. I know, we hear people say that
Speaker 1: that's not true, but the truth is when you shake
Speaker 1: the numbers out at the end oftentimes that it just
Speaker 1: is true. But at the same time, I don't want
Speaker 1: you guys to like drown yourself and be house you know,
Speaker 1: house poor.
Speaker 2: Or yeah, yeah, I think I just keep going back
Speaker 2: to the part where she says, you know, growing up
Speaker 2: at a black household, home ownership was a big symbol
Speaker 2: of security and prosperity, and I'm disappointed that I've not
Speaker 2: achieved that milestone yet. Go easy on yourself. I mean,
Speaker 2: you guys have achieved a lot. You have a two
Speaker 2: year old, you have two children's nine two children's two
Speaker 2: kids ages nine and twelve, and you've managed to still
Speaker 2: build this incredible nest egg, this incredible amount of money
Speaker 2: that you have for your down payment, not including your
Speaker 2: emergency fund, and you've started their you know, college savings,
Speaker 2: and it sounds like your husband's in a position to
Speaker 2: unlock even more wealth if his startup gets acquired. I know,
Speaker 2: it's a huge if. The thing is, I think when
Speaker 2: it comes to making big personal finance decisions, at the
Speaker 2: end of the day, there's a there's a combination of
Speaker 2: the what ifs, and there's a common and there's like
Speaker 2: you have to find the happy ground between uncertainty and
Speaker 2: the information that you have now and your your personal
Speaker 2: goals and your personal happiness. And I think at a
Speaker 2: certain point, especially buying a home is one of the
Speaker 2: most is one of the greatest examples of this and
Speaker 2: where it can all be really difficult to balance out
Speaker 2: because I don't think there's for a lot of people
Speaker 2: it is the single most expensive purchase you're ever going
Speaker 2: to make. It's always going to be fraught, and I
Speaker 2: think the more educated we get about the housing market
Speaker 2: and the ups and downs of it, there is more fear.
Speaker 2: You know, am I making the right decision? Is it
Speaker 2: actually going to be a good investment? I think if
Speaker 2: you guys, if you look at it as you know,
Speaker 2: we have the information that we have today, we are
Speaker 2: going to look at, you know, look at the comps
Speaker 2: in our area and buy a reasonably priced home relative
Speaker 2: to the market that we're in. And we're not going
Speaker 2: to you know, we're not going to cut ourselves off
Speaker 2: at the knees financially in order to afford this home
Speaker 2: just because we think we need it. But if you're
Speaker 2: doing it because you have children, you want to be,
Speaker 2: you know, in a good school district, you want this
Speaker 2: certain lifestyle, you want the stability that comes with home ownership,
Speaker 2: and you have the finances to pull it off and
Speaker 2: still have room to reach your other goals like retirement,
Speaker 2: like college shavings, your emergency fund. Then I feel like
Speaker 2: you have you have enough good information, you have enough
Speaker 2: good reasons to want to own a home, and if
Speaker 2: you have the opportunity and you feel like it's a
Speaker 2: good time for you, guys, you have to just kind
Speaker 2: of make peace with that decision and the fact that
Speaker 2: you will not have all the information. There is no
Speaker 2: crystal ball. You can make the best decision with the
Speaker 2: information you have today, and then you've got to just
Speaker 2: like let it go, let it go, and try to
Speaker 2: be mindful of how to protect yourself against certain situations.
Speaker 2: Down the line. Like Tiffany said, you know, look at
Speaker 2: you just because you have two hundred and thirty k
Speaker 2: for a downpaymentant to put all of that down, It
Speaker 2: may make you more competitive as a bar or as
Speaker 2: a buyer in your market. But you know, you don't
Speaker 2: have to put every dollar down. You can save some
Speaker 2: to have as a slash, like an emergency fund for
Speaker 2: your for just for your home itself, or for those
Speaker 2: repairs or remodeling you might want to do. But as
Speaker 2: far as you're nervous, having nervousness around home prices will
Speaker 2: just go up and up and up and eventually become
Speaker 2: out of our reach. I think that's a real yeah,
Speaker 2: that's a real understandable fear, especially in a place like
Speaker 2: San Francisco. And I don't think that your Craig Kray
Speaker 2: at all to start looking for homes now. It's kind
Speaker 2: of like what Tiffany said about pricing out that range Rover, like,
Speaker 2: don't talk yourself out of it until you do the legwork.
Speaker 2: You know, go see the homes. Are there even homes
Speaker 2: that you want to buy out there? Do you does
Speaker 2: it make you excited and happy to look at them?
Speaker 2: And do they give you do they help you. You
Speaker 2: said that you're really happy now your kids are in
Speaker 2: a school, a good school, and yeah, your husband has
Speaker 2: a short commute, Like those things matter. So to get
Speaker 2: what you want in a home, what are you sacrificing
Speaker 2: any of the things that already make you? Guys so happy?
Speaker 2: And you really want to know that until you're looking
Speaker 2: that was good? Was that good?
Speaker 1: It was great? It was endous? Even got it? No, no, no,
Speaker 1: I don'd say that was I don't even have anything
Speaker 1: to add to that, honestly, because I to your pot,
Speaker 1: I was on the fence. It's like, because the truth is,
Speaker 1: I've been thinking about that, Mandy. I'm like, Okay, I
Speaker 1: love our house here in Newark, but I'm not gonna lie.
Speaker 1: It's still new work, and so we're considering moving to
Speaker 1: like a different neighborhood, you know, a different city. I
Speaker 1: know people are like, no, the mayor's wife is going
Speaker 1: to be like, Tiffy, what did I tell you?
Speaker 2: You can't?
Speaker 1: But I would still keep this house here because sis,
Speaker 1: it's paid off. We will just rent it out. But
Speaker 1: I just been struggling with like, wait, it's the market
Speaker 1: gonna drop? Should I wait? Should I not wait? Because
Speaker 1: right now it's so crazy. You know, I just been
Speaker 1: you know, doubled you know, that double Dutch entrance, like
Speaker 1: back and forth, back and forth. But you the advice
Speaker 1: that you just gave Jennifer was really great. Like I
Speaker 1: haven't even really looked, so how do I know, you know,
Speaker 1: we might find something and we're like, oh, oh my gosh,
Speaker 1: this is really perfect. Because me and Superman have been
Speaker 1: really talking about that. They're like, you know, they're just like,
Speaker 1: this is the best part of Newark, but still Newark
Speaker 1: be Newark, and sometimes.
Speaker 2: You still got to walk around with the taser in
Speaker 2: your pocket right exactly off the neighborhood dog for dogs
Speaker 2: or men.
Speaker 1: So yeah, that was like so but I've been in
Speaker 1: that same spot where I'm like, okay, we've got the money.
Speaker 1: It actually is a really easy commute for Superman. You know,
Speaker 1: like we're right down the street from my sister, which
Speaker 1: is great. One of my really like my one of
Speaker 1: my closest friends was around the corner. So there's other
Speaker 1: things here that make living here so great. So I
Speaker 1: don't know, I'm on the fence, you know, because I
Speaker 1: also I'm like, oh, price is just gonna go up,
Speaker 1: so Jennifer, I'm right with you. I'm still on the fence,
Speaker 1: but I think the best advice that Mandy gave was
Speaker 1: just start looking. You start looking, and you know, because
Speaker 1: you might find actually these neighborhoods are not that much better,
Speaker 1: or oh my gosh, I love it here and it's
Speaker 1: worth you know, it's worth not being as close.
Speaker 2: So yeah, absolutely, you will not know until you start
Speaker 2: looking and you have the money in the bank to
Speaker 2: where if you just you can be comforted knowing when
Speaker 2: you go out there, it's not like you're going to
Speaker 2: find something that you couldn't necessarily afford. Like if you
Speaker 2: find your dream home, it sounds like you guys are
Speaker 2: in a position to go there. I would just say,
Speaker 2: you know, find a realtor who keeps you within your budget. Yeah,
Speaker 2: cause you know, you don't need to be out there
Speaker 2: looking at things you can't have. Like the first ten
Speaker 2: minutes of the What's the Property Brothers show, where the
Speaker 2: first ten minutes they take the homeowners to the dream
Speaker 2: home and you just ask they can't afford it. It's like,
Speaker 2: why do you do this to these people?
Speaker 1: Yeah?
Speaker 2: Best anyway, Yeah, but you have to yes, price it out,
Speaker 2: walk in the home, see how it feels, and be
Speaker 2: open to the idea that your family's perception of home
Speaker 2: ownership is not the holy grail of finance as it
Speaker 2: may seem. And that can be okay. It can be
Speaker 2: okay to rent. But if your dream is to have
Speaker 2: a home and you want that stability and you don't
Speaker 2: care about retiring and Portugal or wherever else, everyone retires
Speaker 2: early and never gets a home and you know, invest
Speaker 2: all their money in the market, that's not the lifestyle
Speaker 2: for you. That's fine, you do not, It's it's completely
Speaker 2: fine to just you know, be happy, have your home
Speaker 2: and reach whatever goals you guys have.
Speaker 1: Yeah, yeah, yes, well I've grown decisions. If you've got questions,
Speaker 1: like Bianca and Jenny from the Block, you can ask them. Sis, bro,
Speaker 1: that's sounds weird. Come. We are here and available and
Speaker 1: open to you for the ba QA. We love answering
Speaker 1: your questions. When Instagram is back up, because currently right
Speaker 1: now Instagram is down. Honey, it is down. But when
Speaker 1: it is up, you could go to a Branna Vision podcast.
Speaker 1: We're at Branna Vision Podcast. You can slide into our DMS.
Speaker 1: You can send us an email at Brandipision podcasts at
Speaker 1: gmail dot com, Hey you got it, or you can
Speaker 1: go to brannibision podcast dot com and click ask us
Speaker 1: anything and ask away. We look forward to.
Speaker 2: It until next week. By y'all, Bye m Oka