1
00:00:00,080 --> 00:00:02,840
Speaker 1: Welcome to How to Money. I'm Joel and I'm Matt,

2
00:00:02,920 --> 00:00:07,240
Speaker 1: and today we are discussing losing everything to financial empowerment

3
00:00:07,280 --> 00:00:29,840
Speaker 1: with Tiffany Alice. Yeah, Joel. Tiffany Alice is also known

4
00:00:30,000 --> 00:00:32,560
Speaker 1: as the budget Nista, and her mission is to make

5
00:00:32,680 --> 00:00:37,280
Speaker 1: life changing financial education accessible to women worldwide. She's the

6
00:00:37,320 --> 00:00:40,519
Speaker 1: author of the best selling book The One Week Budget,

7
00:00:40,720 --> 00:00:44,159
Speaker 1: and she's been featured on MSNBC, The Today's Show, Forbes,

8
00:00:44,560 --> 00:00:47,239
Speaker 1: and earlier this year, she was instrumental in a new

9
00:00:47,360 --> 00:00:49,760
Speaker 1: law that passed in New Jersey that will have a

10
00:00:49,840 --> 00:00:53,680
Speaker 1: massive impact on financial education there in her home state.

11
00:00:53,840 --> 00:00:56,240
Speaker 1: So Tiffany thinks, so much for joining us today on

12
00:00:56,240 --> 00:00:59,640
Speaker 1: the show. Well, thanks for having me, guys. I'm excited. Yeah,

13
00:00:59,640 --> 00:01:01,600
Speaker 1: I'm so excited to ask you about that law. But

14
00:01:01,600 --> 00:01:04,920
Speaker 1: but real quick, tivity. Every week on the show, Matt

15
00:01:04,920 --> 00:01:06,880
Speaker 1: and I drink a beer, and it's kind of this

16
00:01:06,920 --> 00:01:09,760
Speaker 1: reflection of the fact that we choose something intentionally to

17
00:01:09,800 --> 00:01:13,399
Speaker 1: spot John even while we're saving wisely for the future

18
00:01:13,600 --> 00:01:15,720
Speaker 1: and sending on the show, we're drinking Mountain Beer colch

19
00:01:15,760 --> 00:01:18,360
Speaker 1: But I tell your Ride brewing Company, our friend Alex

20
00:01:18,400 --> 00:01:20,600
Speaker 1: at the brewery sentences beer I wanted to ask you, though,

21
00:01:20,920 --> 00:01:23,679
Speaker 1: what is something that you intentionally splurge on? Now you

22
00:01:23,720 --> 00:01:26,559
Speaker 1: spend a lot of money on even though you're being

23
00:01:26,560 --> 00:01:29,240
Speaker 1: wise and saving intentionally for the future. So if you

24
00:01:29,240 --> 00:01:30,840
Speaker 1: would ask me, maybe a couple of years ago, I

25
00:01:30,840 --> 00:01:35,000
Speaker 1: would say vacations. But honestly and honestly then I I

26
00:01:35,080 --> 00:01:36,920
Speaker 1: was a smart vacation er and then like I was

27
00:01:36,920 --> 00:01:39,399
Speaker 1: grouping a lot. So my husband and I purchased a

28
00:01:39,400 --> 00:01:42,200
Speaker 1: house about a year ago. We renovated it and I

29
00:01:42,280 --> 00:01:45,640
Speaker 1: told myself I wasn't gonna go crazy with decorating, but

30
00:01:45,680 --> 00:01:47,960
Speaker 1: I'm not gonna lie every single day that dorma rings.

31
00:01:48,000 --> 00:01:53,120
Speaker 1: I'm like, yes, what's stop because it's I have to

32
00:01:53,240 --> 00:01:58,040
Speaker 1: you know, like table cloths and napkins and rugs. And

33
00:01:58,240 --> 00:02:01,200
Speaker 1: he is like, who are you? And um, yeah, so

34
00:02:01,280 --> 00:02:03,320
Speaker 1: I have I have not been budget need staying in

35
00:02:03,320 --> 00:02:06,000
Speaker 1: the house. But I'm like, this is our almost forever home,

36
00:02:06,280 --> 00:02:08,520
Speaker 1: and I'm just excited because we went from a two

37
00:02:08,520 --> 00:02:11,440
Speaker 1: bedroom apartment and we saved up. We bought this house cash,

38
00:02:11,480 --> 00:02:13,520
Speaker 1: so we don't have a mortgage, so I feel like

39
00:02:14,000 --> 00:02:15,560
Speaker 1: we can get a little gangster when it comes to

40
00:02:15,600 --> 00:02:18,400
Speaker 1: the so, you know, purchasing well, me anyway, purchasing the

41
00:02:18,400 --> 00:02:20,680
Speaker 1: things to make the house cup. I love it well.

42
00:02:20,720 --> 00:02:22,959
Speaker 1: You and my mom would get along swimmingly, by the way.

43
00:02:24,960 --> 00:02:27,440
Speaker 1: She could talk about home decorating with you for hours.

44
00:02:28,240 --> 00:02:30,680
Speaker 1: It so Tiffany, you know, we mentioned that law that

45
00:02:30,760 --> 00:02:32,960
Speaker 1: you had worked so hard to get past there in

46
00:02:33,040 --> 00:02:35,560
Speaker 1: New Jersey and it just went into effect. Can you

47
00:02:35,600 --> 00:02:38,120
Speaker 1: tell us a little bit about that. Yeah, so it

48
00:02:38,200 --> 00:02:41,400
Speaker 1: was a three year journey. Uh. A friend of mine, actually,

49
00:02:41,440 --> 00:02:44,040
Speaker 1: she she actually came to one of my classes. She

50
00:02:44,080 --> 00:02:46,680
Speaker 1: wasn't my friend at the time, but her name is

51
00:02:47,080 --> 00:02:50,680
Speaker 1: Angela Angela Vie McKnight. She was a member of one

52
00:02:50,720 --> 00:02:52,440
Speaker 1: of my classes. I used to teach a lot of

53
00:02:52,520 --> 00:02:55,760
Speaker 1: free classes in Newark, New Jersey via the United Way,

54
00:02:56,280 --> 00:02:58,760
Speaker 1: and she came to one. And she does a lot

55
00:02:58,760 --> 00:03:02,280
Speaker 1: of work in the community. And she became the assemblywoman

56
00:03:02,760 --> 00:03:05,960
Speaker 1: in Jersey City. And so when she became an assemblywoman

57
00:03:06,160 --> 00:03:07,959
Speaker 1: and everyone loved her, she was like, Tiffany, you're the

58
00:03:08,000 --> 00:03:11,120
Speaker 1: first person I thought of, I want to bring education

59
00:03:11,320 --> 00:03:15,040
Speaker 1: to the forefront in New Jersey, but specifically financial education.

60
00:03:15,200 --> 00:03:17,400
Speaker 1: And I told her, well, there is a law in

61
00:03:17,560 --> 00:03:20,880
Speaker 1: place for high school already making it mandatory for high

62
00:03:20,919 --> 00:03:24,200
Speaker 1: school students to get financial education, which is awesome. But

63
00:03:24,440 --> 00:03:26,600
Speaker 1: I taught preschool for ten years and I used to

64
00:03:26,680 --> 00:03:28,679
Speaker 1: teach the three and four year olds about money, and

65
00:03:28,760 --> 00:03:32,400
Speaker 1: I told her it should start before high school. So

66
00:03:32,760 --> 00:03:35,960
Speaker 1: I helped to write a bill to just really get

67
00:03:36,000 --> 00:03:39,400
Speaker 1: the languaging together of what the educators need to make

68
00:03:39,480 --> 00:03:42,640
Speaker 1: this happen. For I wanted as low as elementary school,

69
00:03:42,960 --> 00:03:45,200
Speaker 1: so we were able to get a bill together um

70
00:03:45,360 --> 00:03:48,880
Speaker 1: and accepted for middle school, and after three years of

71
00:03:48,960 --> 00:03:52,840
Speaker 1: back and forth, it finally became a law in January.

72
00:03:52,960 --> 00:03:55,240
Speaker 1: But now the kids are going back to school right now,

73
00:03:55,360 --> 00:03:57,760
Speaker 1: so they will be the first kids, the middle school

74
00:03:57,840 --> 00:03:59,960
Speaker 1: kids in the state of New Jersey to see finance

75
00:04:00,000 --> 00:04:05,320
Speaker 1: to education intentionally and and by law integrated into their classrooms.

76
00:04:05,320 --> 00:04:08,720
Speaker 1: So I'm super excited about it. That's amazing. Like, first off,

77
00:04:08,760 --> 00:04:12,560
Speaker 1: congrats to you on on having the fortitude to kind

78
00:04:12,560 --> 00:04:14,840
Speaker 1: of stick it out, because that's a long process to

79
00:04:14,920 --> 00:04:17,600
Speaker 1: try to get legislation passed to make a move like that,

80
00:04:17,920 --> 00:04:20,159
Speaker 1: and and but it's like going to have such payoff

81
00:04:20,480 --> 00:04:22,600
Speaker 1: for those kids, right And Matt and I, this is

82
00:04:22,640 --> 00:04:24,320
Speaker 1: a topic we've talked about on the show before, something

83
00:04:24,400 --> 00:04:26,360
Speaker 1: we care a lot about and it's something that's missing

84
00:04:26,920 --> 00:04:29,680
Speaker 1: from education for for kids. And it's a thing, right

85
00:04:29,760 --> 00:04:31,720
Speaker 1: that they're gonna have to deal with day in and

86
00:04:31,839 --> 00:04:33,440
Speaker 1: day out for the rest of their lives that they

87
00:04:33,440 --> 00:04:36,839
Speaker 1: didn't learn anything about unless their parents taught them about it, right,

88
00:04:37,320 --> 00:04:39,400
Speaker 1: And you guys don't know, so how do they teach

89
00:04:39,440 --> 00:04:41,640
Speaker 1: what they what they don't know? And so that's what

90
00:04:41,760 --> 00:04:43,760
Speaker 1: I wanted. And I remember there was some push because

91
00:04:43,760 --> 00:04:45,800
Speaker 1: I was educator for for many years, and so I

92
00:04:45,960 --> 00:04:49,520
Speaker 1: remember the pushback at first with like educators are there's

93
00:04:49,640 --> 00:04:51,680
Speaker 1: there are already so many rules, like you have to

94
00:04:51,720 --> 00:04:53,960
Speaker 1: teach math this time and day, you have to teach

95
00:04:54,080 --> 00:04:56,360
Speaker 1: literature this time and day, you have to teach history,

96
00:04:56,920 --> 00:04:58,960
Speaker 1: you know, And so I remember the pushback. So I

97
00:04:59,160 --> 00:05:02,040
Speaker 1: really made sure to craft the language that it was

98
00:05:02,080 --> 00:05:05,680
Speaker 1: about integration, not interruption of the educational day. So it's

99
00:05:05,760 --> 00:05:09,600
Speaker 1: not like, hey, stop financial literacy time. Instead, if you're

100
00:05:09,640 --> 00:05:12,880
Speaker 1: doing art with the kids, why not have them make

101
00:05:12,920 --> 00:05:16,240
Speaker 1: their own piggy banks out of um shoe boxes, right,

102
00:05:16,920 --> 00:05:20,440
Speaker 1: Or if we're doing math, why can't they count money

103
00:05:20,520 --> 00:05:23,640
Speaker 1: and have a school store. So you can integrate financial

104
00:05:23,800 --> 00:05:26,800
Speaker 1: education versus like stopping the day and interrupting the day

105
00:05:26,839 --> 00:05:29,480
Speaker 1: and trying to squeeze in financial education. So that's what

106
00:05:29,600 --> 00:05:31,920
Speaker 1: makes this bill really exciting. It's well, I call it

107
00:05:32,000 --> 00:05:33,920
Speaker 1: a budget in Nesta bill, but really it's Bill A

108
00:05:34,080 --> 00:05:37,640
Speaker 1: fourteen fourteen. So if anyone's interested in trying to bring

109
00:05:37,760 --> 00:05:40,520
Speaker 1: this kind of legislation to their state, you can just

110
00:05:40,680 --> 00:05:44,040
Speaker 1: google like New Jersey A fourteen fourteen, look at the language,

111
00:05:44,400 --> 00:05:47,159
Speaker 1: and and see if you can find your local assemblywoman

112
00:05:47,279 --> 00:05:50,360
Speaker 1: and and and help craft that bill and and and

113
00:05:50,520 --> 00:05:53,240
Speaker 1: be present so it can be hopefully pushed into law.

114
00:05:53,920 --> 00:05:56,520
Speaker 1: What better way to learn about money than when it

115
00:05:56,640 --> 00:05:58,760
Speaker 1: feels applicable, You know, when you're learning about it in

116
00:05:58,880 --> 00:06:01,640
Speaker 1: subjects that you're already currently learning about it, it feels

117
00:06:01,640 --> 00:06:03,640
Speaker 1: a little more real. And I'm sure that's going to

118
00:06:03,720 --> 00:06:06,239
Speaker 1: stick with the kids a little bit more so. Speaking

119
00:06:06,279 --> 00:06:08,440
Speaker 1: of education, Tiffany, let's let's go to the beginning of

120
00:06:08,720 --> 00:06:11,000
Speaker 1: you learning about money. So how did you first learn

121
00:06:11,000 --> 00:06:14,400
Speaker 1: about handling your money? Well, well, I was fortunate in

122
00:06:14,520 --> 00:06:16,560
Speaker 1: that I grew up in a household where money was

123
00:06:16,640 --> 00:06:20,320
Speaker 1: talked about. My father, who's now retired. Um, he was

124
00:06:20,520 --> 00:06:23,640
Speaker 1: a CFO as well as an accountant. And I'm one

125
00:06:23,720 --> 00:06:26,840
Speaker 1: of five girls. So you know all those worlds money, money, money,

126
00:06:26,880 --> 00:06:30,040
Speaker 1: I know, you know, I don't. Honestly, I don't know

127
00:06:30,080 --> 00:06:32,279
Speaker 1: how they did it when right. I mean at the time,

128
00:06:32,760 --> 00:06:35,120
Speaker 1: you know, when your kid, you're like whatever, it's just

129
00:06:35,240 --> 00:06:38,000
Speaker 1: fun times because you're one of you know. And I

130
00:06:38,040 --> 00:06:43,280
Speaker 1: didn't understand why my dad was so crazy, And now

131
00:06:43,440 --> 00:06:45,640
Speaker 1: that I'm an adult, I'm like, how do you even

132
00:06:45,800 --> 00:06:48,880
Speaker 1: financially support five kids? But he and my mom they

133
00:06:48,960 --> 00:06:51,640
Speaker 1: figured it out. But even better than that, he was

134
00:06:51,800 --> 00:06:55,160
Speaker 1: very intentional about teaching us about money to be all

135
00:06:55,200 --> 00:06:57,880
Speaker 1: the way transparent. I think my dad, well, obviously I

136
00:06:57,960 --> 00:06:59,920
Speaker 1: know he was trying for a boy. Clearly my mom

137
00:07:00,080 --> 00:07:02,960
Speaker 1: after five was like, it's not happening. Um. But I

138
00:07:03,120 --> 00:07:06,120
Speaker 1: think because my my parents were both born in Nigeria,

139
00:07:06,200 --> 00:07:10,440
Speaker 1: and quite honestly, um, Nigerian culture is really very male

140
00:07:10,760 --> 00:07:13,200
Speaker 1: dominated culture. So it's like, I have a boy. I

141
00:07:13,320 --> 00:07:15,280
Speaker 1: give my boy everything and teach him everything, and he

142
00:07:15,360 --> 00:07:17,680
Speaker 1: will take care of his sisters. Like that's the thinking.

143
00:07:18,320 --> 00:07:20,800
Speaker 1: But girl after girl after girl, I'm really grateful I

144
00:07:20,880 --> 00:07:23,160
Speaker 1: didn't have a brother because he was forced to say, well,

145
00:07:23,600 --> 00:07:25,680
Speaker 1: the things that I was going to kind of give

146
00:07:25,800 --> 00:07:28,240
Speaker 1: to my son to look after his sisters. I'm gonna

147
00:07:28,280 --> 00:07:30,520
Speaker 1: have to give directly to my my daughters. And that

148
00:07:30,560 --> 00:07:32,600
Speaker 1: wouldn't have happened if I would have had a brother.

149
00:07:32,720 --> 00:07:35,040
Speaker 1: So that's what he did. We would have weekly family

150
00:07:35,160 --> 00:07:37,800
Speaker 1: meetings and we always talked about money. It could be

151
00:07:37,880 --> 00:07:40,400
Speaker 1: something as simple as, you know, here is the electric

152
00:07:40,440 --> 00:07:43,040
Speaker 1: bill from last month, here's the electric bill this month.

153
00:07:43,760 --> 00:07:45,800
Speaker 1: It went down, so I'm gonna put the extra fifty

154
00:07:45,840 --> 00:07:50,320
Speaker 1: dollars that we saved into our vacation fund. Or you know,

155
00:07:50,440 --> 00:07:52,480
Speaker 1: you want to buy something, and my dad would have

156
00:07:52,640 --> 00:07:55,760
Speaker 1: you break down exactly what you wanted, how much it costs,

157
00:07:55,800 --> 00:07:58,800
Speaker 1: did I did I price check any other place? Is

158
00:07:58,840 --> 00:08:01,840
Speaker 1: that really the best price? And there was no lesson

159
00:08:02,080 --> 00:08:05,200
Speaker 1: that he couldn't teach financial education with it. Probably my

160
00:08:05,360 --> 00:08:08,160
Speaker 1: earliest earliest lesson. I had to be like five, and

161
00:08:08,280 --> 00:08:10,400
Speaker 1: I used to run the water. I would go to

162
00:08:10,440 --> 00:08:13,720
Speaker 1: the bathroom, turn on the sink, and I love the

163
00:08:13,800 --> 00:08:16,520
Speaker 1: sound of running water. I think I was a fun right, right.

164
00:08:16,600 --> 00:08:18,720
Speaker 1: Could you imagine just all that waste of water? And

165
00:08:18,760 --> 00:08:20,200
Speaker 1: I would have a heart attack. So if you have

166
00:08:21,000 --> 00:08:23,520
Speaker 1: do you guys have kids that are like uh, three,

167
00:08:23,640 --> 00:08:27,600
Speaker 1: four or five? Yeah, that's that's that's the talk about that,

168
00:08:27,640 --> 00:08:31,000
Speaker 1: and I'm thinking, yes, because that's my three year old,

169
00:08:31,000 --> 00:08:34,360
Speaker 1: and I have to constantly be like and it's very difficult,

170
00:08:34,400 --> 00:08:36,360
Speaker 1: like there's really no reasoning with a three year old there.

171
00:08:36,480 --> 00:08:38,480
Speaker 1: They just you know, they are the boss of the house.

172
00:08:38,559 --> 00:08:40,640
Speaker 1: You just have to admit it and um. And so

173
00:08:40,800 --> 00:08:43,000
Speaker 1: that was me. And then so what my dad figured

174
00:08:43,040 --> 00:08:45,400
Speaker 1: out was so when we were when we were really young,

175
00:08:45,440 --> 00:08:48,080
Speaker 1: we didn't have much money. So when the ice cream

176
00:08:48,120 --> 00:08:50,719
Speaker 1: man came along, if it was your day, then you

177
00:08:50,800 --> 00:08:52,560
Speaker 1: could go get a dollar. Everyone else had to get

178
00:08:52,600 --> 00:08:55,400
Speaker 1: ice cream from the freezer. So because I'm second, my

179
00:08:55,520 --> 00:08:58,320
Speaker 1: day was Tuesday, so ice cream came along. I asked

180
00:08:58,360 --> 00:08:59,839
Speaker 1: my sister what day is it, because you know, I'm

181
00:09:00,000 --> 00:09:01,439
Speaker 1: at all and she's like, it's your day. So I

182
00:09:01,520 --> 00:09:03,280
Speaker 1: run into get a dollar and my dad says, uh,

183
00:09:03,920 --> 00:09:06,439
Speaker 1: the waterman just left, and I'm like, what does that

184
00:09:06,480 --> 00:09:08,040
Speaker 1: have to do with anything? He said, you know how

185
00:09:08,080 --> 00:09:10,360
Speaker 1: you run the water every day? And I said yes.

186
00:09:10,440 --> 00:09:12,400
Speaker 1: He said, well it costs money, and I had to

187
00:09:12,440 --> 00:09:14,640
Speaker 1: give your dollar to the water man. I had a

188
00:09:14,679 --> 00:09:18,000
Speaker 1: heart attack. The water man where is he? I want

189
00:09:18,040 --> 00:09:21,960
Speaker 1: my dollar back? But guess what he made? Ice cream

190
00:09:22,200 --> 00:09:25,560
Speaker 1: related to his bill, his water bill, and so because

191
00:09:25,640 --> 00:09:28,240
Speaker 1: of that, I never ran that water again. And he

192
00:09:28,400 --> 00:09:30,680
Speaker 1: was really good at teaching lessons in that way where

193
00:09:30,760 --> 00:09:33,880
Speaker 1: he made what was important to him also important to me,

194
00:09:34,240 --> 00:09:36,760
Speaker 1: but in a way that I could understand at whatever

195
00:09:36,840 --> 00:09:38,839
Speaker 1: age I was. And so that's the house who I

196
00:09:38,880 --> 00:09:41,439
Speaker 1: grew up in, and I was fortunate in that. And

197
00:09:41,520 --> 00:09:44,959
Speaker 1: then I kind of took that that understanding and even

198
00:09:45,040 --> 00:09:47,000
Speaker 1: just that way of teaching, and I took that with

199
00:09:47,160 --> 00:09:50,160
Speaker 1: me as the budgetista. V. It's interesting here you're talking

200
00:09:50,160 --> 00:09:52,199
Speaker 1: about that. I want to know if if those lessons

201
00:09:52,240 --> 00:09:55,120
Speaker 1: that your dad taught stuck with your siblings in the

202
00:09:55,160 --> 00:09:57,160
Speaker 1: same way they stuck with you, because obviously they resonate

203
00:09:57,200 --> 00:09:59,760
Speaker 1: with you to this day in this massive way, and

204
00:10:00,000 --> 00:10:03,480
Speaker 1: and siblings handle those lessons and those family meetings about

205
00:10:03,480 --> 00:10:06,000
Speaker 1: money differently. Did did any of your sisters kind of

206
00:10:06,200 --> 00:10:09,800
Speaker 1: reject thinking about money well in hand because you talked

207
00:10:09,840 --> 00:10:12,000
Speaker 1: about it too much growing up? Or yeah, what do

208
00:10:12,040 --> 00:10:14,000
Speaker 1: they look like in their lives? Honestly, like the the

209
00:10:14,080 --> 00:10:16,960
Speaker 1: oldest is better than me. I mean, you would never

210
00:10:17,080 --> 00:10:19,360
Speaker 1: like her her husband as a doctor, she's a scientist.

211
00:10:19,520 --> 00:10:22,959
Speaker 1: You would never know they live so frugally. I mean,

212
00:10:23,559 --> 00:10:26,480
Speaker 1: they are really good with their money, so I'm trying

213
00:10:26,520 --> 00:10:28,800
Speaker 1: to get to her level of budget. Lisa is um

214
00:10:28,840 --> 00:10:30,640
Speaker 1: and the rest of the sisters, I would say the

215
00:10:30,679 --> 00:10:33,480
Speaker 1: baby Lisa ho Lisa. She's probably the only one that

216
00:10:33,559 --> 00:10:37,439
Speaker 1: we're like, Lisa, who are you? She? You know, to

217
00:10:37,559 --> 00:10:40,360
Speaker 1: be honest, it wasn't because of my dad, because we're

218
00:10:40,400 --> 00:10:42,360
Speaker 1: all two years apart, and then Lisa came later. She

219
00:10:42,440 --> 00:10:44,520
Speaker 1: was the last dintch effort to have the boy, so

220
00:10:45,120 --> 00:10:47,079
Speaker 1: Lisa came later, so we're it was like a six

221
00:10:47,160 --> 00:10:48,400
Speaker 1: year old, the four year old, a two year old,

222
00:10:48,400 --> 00:10:50,200
Speaker 1: and I knew more can you imagine in one house?

223
00:10:50,720 --> 00:10:54,040
Speaker 1: But then Lisa came four years after the fourth because

224
00:10:54,120 --> 00:10:56,079
Speaker 1: I'm nine years older than her. So we kind of

225
00:10:56,200 --> 00:11:01,120
Speaker 1: raised Lisa, and we raised her poorly because because we

226
00:11:01,240 --> 00:11:03,160
Speaker 1: were the older sisters and whenever she needed we got

227
00:11:03,240 --> 00:11:05,880
Speaker 1: it for her. Report So my dad, you know, the

228
00:11:06,000 --> 00:11:09,120
Speaker 1: way we were brought up really frugally. Lisa didn't experience

229
00:11:09,200 --> 00:11:11,800
Speaker 1: that because we really took care of her and got

230
00:11:11,840 --> 00:11:13,920
Speaker 1: her anything she wanted. She was the baby, she was

231
00:11:13,960 --> 00:11:16,640
Speaker 1: everyone's baby. So she's not the worst, but she's certainly

232
00:11:16,679 --> 00:11:19,760
Speaker 1: not as frugal as uh as the rest of us Deffan.

233
00:11:19,840 --> 00:11:22,360
Speaker 1: Let's talk about credit cards as well. You mentioned how

234
00:11:22,480 --> 00:11:25,040
Speaker 1: your dad helped you to understand credit cards from an

235
00:11:25,080 --> 00:11:29,439
Speaker 1: early age. What were his tactics. Well, I didn't really

236
00:11:29,480 --> 00:11:32,720
Speaker 1: understand credit cards until I went to college. So my dad,

237
00:11:32,800 --> 00:11:35,360
Speaker 1: like I said, was very practical. I was going away

238
00:11:35,360 --> 00:11:37,160
Speaker 1: to school. He said, you're gonna go to school. You're

239
00:11:37,160 --> 00:11:39,880
Speaker 1: gonna see all these credit cards people. You are allowed

240
00:11:39,920 --> 00:11:44,120
Speaker 1: to get one credit card. Here's the criteria, no annual fee.

241
00:11:45,040 --> 00:11:47,440
Speaker 1: I said, okay, ask about the interest rate. I don't

242
00:11:47,440 --> 00:11:49,000
Speaker 1: remember what it was at that time. I think he

243
00:11:49,080 --> 00:11:50,400
Speaker 1: kind of gave me a kind of like a limit

244
00:11:50,520 --> 00:11:53,120
Speaker 1: leg of what the interest rate, you know, whatever interest

245
00:11:53,160 --> 00:11:55,800
Speaker 1: rate they were offering me, and no more than one card,

246
00:11:56,000 --> 00:11:59,480
Speaker 1: and that he would pay the bill as long as

247
00:11:59,559 --> 00:12:02,240
Speaker 1: the chart just were for school, so for books and

248
00:12:02,240 --> 00:12:04,520
Speaker 1: stuff like that. So I said, okay, I applied for

249
00:12:04,559 --> 00:12:08,400
Speaker 1: a card. It came to my parents house, and you know,

250
00:12:08,480 --> 00:12:10,800
Speaker 1: when I came home, we went over proper credit card

251
00:12:10,920 --> 00:12:13,480
Speaker 1: usage again, of like you can use it. The best

252
00:12:13,520 --> 00:12:15,160
Speaker 1: way to use a credit card is paid off full

253
00:12:15,200 --> 00:12:18,079
Speaker 1: every month. Because you're a student, that's your job, my job,

254
00:12:18,120 --> 00:12:19,760
Speaker 1: as your dad, I will pay off this credit card

255
00:12:19,760 --> 00:12:21,480
Speaker 1: bill every month, but it has to be school things.

256
00:12:21,520 --> 00:12:23,800
Speaker 1: I said, okay, when a way to school took the card,

257
00:12:23,880 --> 00:12:26,719
Speaker 1: I was like, what's a little McDonald's between friends, you know?

258
00:12:28,160 --> 00:12:30,719
Speaker 1: And so whenever I would come home, I remember the

259
00:12:30,760 --> 00:12:32,960
Speaker 1: first time I came home because my dad pay up

260
00:12:32,960 --> 00:12:34,480
Speaker 1: my credit card bill every month. Like he said, I

261
00:12:34,640 --> 00:12:39,079
Speaker 1: came home to a highlighted credit card bill of all

262
00:12:39,360 --> 00:12:44,000
Speaker 1: none what he felt were non related school charges McDonald's account.

263
00:12:44,320 --> 00:12:46,360
Speaker 1: There was a bill on the table of you owe

264
00:12:46,440 --> 00:12:50,120
Speaker 1: me sixty thirty cents. I couldn't believe it. I was

265
00:12:50,240 --> 00:12:52,440
Speaker 1: like what he was like, Yeah, you haven't been home

266
00:12:52,440 --> 00:12:53,960
Speaker 1: in a while, but I see you were just over

267
00:12:53,960 --> 00:12:56,120
Speaker 1: there swiping your card and join your life. But I

268
00:12:56,240 --> 00:12:58,679
Speaker 1: told you school expenses. These are next school expenses, so

269
00:12:58,720 --> 00:13:00,880
Speaker 1: you have to pay me back. I paid off your car,

270
00:13:00,960 --> 00:13:03,439
Speaker 1: but you need to pay me back these expenses. I

271
00:13:03,520 --> 00:13:05,800
Speaker 1: couldn't believe it. But it was such a great lesson

272
00:13:06,520 --> 00:13:09,040
Speaker 1: and that all of the choices you make you have

273
00:13:09,200 --> 00:13:11,120
Speaker 1: to answer for them. And I should have learned that

274
00:13:11,200 --> 00:13:13,720
Speaker 1: lesson in high school because I remember I started working

275
00:13:13,760 --> 00:13:16,040
Speaker 1: when I was fourteen. I got my working papers. You

276
00:13:16,040 --> 00:13:17,679
Speaker 1: would go to the high school get your working papers

277
00:13:17,679 --> 00:13:19,800
Speaker 1: and you could work a little summer job. And I

278
00:13:19,920 --> 00:13:22,160
Speaker 1: did that, and back then used to get something called

279
00:13:22,200 --> 00:13:23,880
Speaker 1: the pass book. I don't know how old you guys are,

280
00:13:23,960 --> 00:13:27,319
Speaker 1: but back then it looked like a passport, but you

281
00:13:27,360 --> 00:13:29,680
Speaker 1: would actually physically go to the bank whatever you would

282
00:13:29,720 --> 00:13:32,280
Speaker 1: drew money or deposited money. They were basically it's like

283
00:13:32,480 --> 00:13:33,920
Speaker 1: like going to a country. They would put like a

284
00:13:34,000 --> 00:13:37,520
Speaker 1: stamp basically on your past book. And so when I

285
00:13:37,559 --> 00:13:39,080
Speaker 1: got my first little job, you know, pay me two

286
00:13:39,160 --> 00:13:41,600
Speaker 1: hundred dollars or whatever it was. Every time we got

287
00:13:41,720 --> 00:13:44,600
Speaker 1: a paycheck a week later, we would have to sit

288
00:13:44,720 --> 00:13:47,760
Speaker 1: with my dad, bring your past book and explain all

289
00:13:47,880 --> 00:13:50,480
Speaker 1: of your withdrawals and deposits and explain where your money went.

290
00:13:51,280 --> 00:13:52,720
Speaker 1: So the first time I didn't really believe we had

291
00:13:52,720 --> 00:13:53,800
Speaker 1: to do it. I'm like, well, it's my money, I

292
00:13:53,840 --> 00:13:55,559
Speaker 1: can use it how I like. And he's like, no, no,

293
00:13:55,720 --> 00:13:57,920
Speaker 1: you have to tell me what exactly how did you

294
00:13:58,040 --> 00:13:59,400
Speaker 1: use your money? If you couldn't remember, you have to

295
00:13:59,440 --> 00:14:02,160
Speaker 1: bring receipt. And I can remember being like, oh my gosh,

296
00:14:02,800 --> 00:14:05,280
Speaker 1: like begging my sister Tracy, let me borrow your receipt.

297
00:14:05,360 --> 00:14:06,760
Speaker 1: She's like, well, what am I gonna use. I'm like,

298
00:14:06,800 --> 00:14:10,559
Speaker 1: I don't know. But when he was really teaching me,

299
00:14:10,600 --> 00:14:13,120
Speaker 1: and at the time, I thought, oh my gosh, my

300
00:14:13,200 --> 00:14:16,079
Speaker 1: dad's so controlling. It's my money, I earned it. But

301
00:14:16,200 --> 00:14:18,840
Speaker 1: I realized what he was doing is he was forcing

302
00:14:18,920 --> 00:14:21,800
Speaker 1: me to be accountable for the choices I made with

303
00:14:21,920 --> 00:14:24,520
Speaker 1: my money. And he knew I was not gonna be

304
00:14:24,520 --> 00:14:26,560
Speaker 1: accountable to myself because I'm like, well, I'm fifteen, I

305
00:14:26,600 --> 00:14:28,720
Speaker 1: don't care. I just like you know, literally, I used

306
00:14:28,720 --> 00:14:30,760
Speaker 1: to spend almost all my money on like candy bars

307
00:14:31,120 --> 00:14:33,880
Speaker 1: and and so. But he knew that, like I was

308
00:14:33,960 --> 00:14:36,480
Speaker 1: gonna be accountable to myself, but that I would think

309
00:14:36,600 --> 00:14:40,160
Speaker 1: twice about spending because I knew I was gonna have

310
00:14:40,240 --> 00:14:42,560
Speaker 1: to sit with him and explain where the money went.

311
00:14:43,000 --> 00:14:45,040
Speaker 1: Those are the kind of things that I think I

312
00:14:45,160 --> 00:14:48,720
Speaker 1: cannot overstate just how important those things were, because it

313
00:14:48,880 --> 00:14:51,680
Speaker 1: wasn't my dad didn't really lecture us about money. You

314
00:14:52,000 --> 00:14:54,880
Speaker 1: lived the lesson like you're sixteen. Now you can open

315
00:14:54,920 --> 00:14:57,320
Speaker 1: a bank account, but only with a parental guidance. We're

316
00:14:57,320 --> 00:14:58,600
Speaker 1: gonna walk to the bank of a bank up the

317
00:14:58,600 --> 00:15:00,360
Speaker 1: street from our house. We're gonna walk to the bank.

318
00:15:00,360 --> 00:15:02,560
Speaker 1: We're going to open a bank account together, and on

319
00:15:02,640 --> 00:15:04,280
Speaker 1: the walk home, I'm gonna explain to you how a

320
00:15:04,280 --> 00:15:07,560
Speaker 1: bank account works. So we lived those lessons. Even now.

321
00:15:07,680 --> 00:15:10,440
Speaker 1: My dad is in his seventies and I come to

322
00:15:10,520 --> 00:15:12,800
Speaker 1: the house, he always asked, how's business going, how we're

323
00:15:12,840 --> 00:15:14,920
Speaker 1: How is your profit on last last month not as

324
00:15:14,920 --> 00:15:17,040
Speaker 1: good as a month before? How's revenue? You know, like,

325
00:15:17,200 --> 00:15:19,920
Speaker 1: bring me your like, bring me your taxes. Like I'm like, well,

326
00:15:19,920 --> 00:15:21,520
Speaker 1: I've got a good accotin. He's like, not better than me.

327
00:15:21,640 --> 00:15:25,760
Speaker 1: Let me see them. Man. I love that about your dad.

328
00:15:25,800 --> 00:15:28,080
Speaker 1: I love that he's so intentional and and and being

329
00:15:28,120 --> 00:15:30,880
Speaker 1: a dad of multiple children, I know that it gets

330
00:15:30,960 --> 00:15:33,120
Speaker 1: harder than more kids. You have to be that intentional.

331
00:15:33,200 --> 00:15:35,520
Speaker 1: So like, what a cool dude. Seriously with a full

332
00:15:35,600 --> 00:15:39,080
Speaker 1: time job raising five five girls. That's huge, Like, that's

333
00:15:39,320 --> 00:15:43,360
Speaker 1: really impressive. You tell this really amazing story about getting

334
00:15:43,400 --> 00:15:45,600
Speaker 1: a bike asking for a bike at age eleven, Matt

335
00:15:45,640 --> 00:15:47,480
Speaker 1: and I we talked about biking on the show a lot,

336
00:15:47,600 --> 00:15:49,840
Speaker 1: maybe too much. We love to bike. Uh, So to

337
00:15:49,920 --> 00:15:52,680
Speaker 1: tell us that story because that involves your dad too. Yeah,

338
00:15:52,760 --> 00:15:55,320
Speaker 1: So I I was. I think it was a ten

339
00:15:55,440 --> 00:15:58,160
Speaker 1: going on eleven, and and for my birthday I really

340
00:15:58,240 --> 00:16:01,120
Speaker 1: wanted a bike because I mean, you know, if you

341
00:16:01,200 --> 00:16:03,880
Speaker 1: have kids, So because my sister when she was eleven,

342
00:16:04,000 --> 00:16:06,800
Speaker 1: she got a bike. Kids keep scoring like nobody else

343
00:16:06,800 --> 00:16:09,000
Speaker 1: they don't remember a BCS No. One two threes. But

344
00:16:09,080 --> 00:16:11,840
Speaker 1: I remember when Karen was eleven she got a bike.

345
00:16:12,160 --> 00:16:14,600
Speaker 1: So that means I get a bike. And so I

346
00:16:14,720 --> 00:16:16,320
Speaker 1: told him he was doing the bills. I didn't know,

347
00:16:16,880 --> 00:16:18,840
Speaker 1: but at the dining room table and my mom is

348
00:16:18,880 --> 00:16:20,880
Speaker 1: giving me the not right now look because she knew

349
00:16:20,920 --> 00:16:23,040
Speaker 1: I was asking for something, and I'm like, I don't

350
00:16:23,040 --> 00:16:24,720
Speaker 1: know what that look means. I want to bike. And

351
00:16:24,880 --> 00:16:27,440
Speaker 1: now now I understand, like paying bills is not a

352
00:16:27,480 --> 00:16:29,680
Speaker 1: great time to ask for something. But I know he

353
00:16:29,760 --> 00:16:31,120
Speaker 1: was doing the bills because he always had like this

354
00:16:31,160 --> 00:16:33,320
Speaker 1: accountants calculated with the paper coming out of the back,

355
00:16:33,360 --> 00:16:37,960
Speaker 1: which I loved. And I said, you know, Daddy, he

356
00:16:38,080 --> 00:16:39,240
Speaker 1: was like yes. I was like, well, you know, my

357
00:16:39,320 --> 00:16:41,920
Speaker 1: birthday is coming up and I would really love a

358
00:16:42,000 --> 00:16:44,640
Speaker 1: bike for my birthday. He said, oh, so my parents,

359
00:16:44,720 --> 00:16:48,080
Speaker 1: like I said, our immigrants, and they come from Nigerian.

360
00:16:48,280 --> 00:16:50,720
Speaker 1: I swear my dad sounds like he just left. I'm like,

361
00:16:50,840 --> 00:16:52,600
Speaker 1: still the accent of super thick if you have parents

362
00:16:52,640 --> 00:16:56,040
Speaker 1: in other countries. For those listening, you know the history

363
00:16:56,240 --> 00:16:58,520
Speaker 1: like of like your parents never lose their accent. So

364
00:16:58,640 --> 00:17:01,040
Speaker 1: he said, oh, so you what it by? Ache? He

365
00:17:01,120 --> 00:17:02,640
Speaker 1: called me by my African name, which is never a

366
00:17:02,680 --> 00:17:05,359
Speaker 1: good sign, a doti, which is my African name, you

367
00:17:05,440 --> 00:17:07,800
Speaker 1: ad bike. I was like, oh there, you asked me

368
00:17:07,920 --> 00:17:13,760
Speaker 1: that question twice. It doesn't sound good for me. Yeah,

369
00:17:14,359 --> 00:17:15,720
Speaker 1: and he said, well, if you want to bite, you

370
00:17:15,800 --> 00:17:17,520
Speaker 1: have to help me pay some bills. And I was like,

371
00:17:17,640 --> 00:17:19,560
Speaker 1: oh no, I have to get a job and pay

372
00:17:19,680 --> 00:17:22,800
Speaker 1: bills only ten you know. But what he meant was

373
00:17:22,960 --> 00:17:25,520
Speaker 1: that he was doing since he was adding up the bills,

374
00:17:25,560 --> 00:17:27,960
Speaker 1: he said, you can use my calculator, which normally we

375
00:17:28,040 --> 00:17:30,280
Speaker 1: weren't allowed to touch, and that could add up the

376
00:17:30,560 --> 00:17:32,600
Speaker 1: family's bills. He had it on a on a yellow

377
00:17:32,720 --> 00:17:34,879
Speaker 1: ledger pad, which he still does the bills like that

378
00:17:35,040 --> 00:17:36,959
Speaker 1: to this day. It was like line it him by

379
00:17:37,040 --> 00:17:39,560
Speaker 1: line etem and I'm asking questions like well, what's a

380
00:17:39,640 --> 00:17:41,879
Speaker 1: mortgage and he was like, that's how we paid for

381
00:17:41,960 --> 00:17:44,200
Speaker 1: the house. And up until then, I thought you paid

382
00:17:44,240 --> 00:17:46,160
Speaker 1: for the house like you bought you bought a shirt

383
00:17:46,400 --> 00:17:48,879
Speaker 1: one time, you know, And he was like no, that

384
00:17:48,960 --> 00:17:51,200
Speaker 1: we paid for the house every single month. And I

385
00:17:51,320 --> 00:17:53,560
Speaker 1: was like wow, And so I started feeling like a

386
00:17:53,600 --> 00:17:56,400
Speaker 1: little disheartened because that's, oh my gosh, I see what's

387
00:17:56,400 --> 00:17:59,000
Speaker 1: happening here he showing me everything else this money has

388
00:17:59,040 --> 00:18:02,080
Speaker 1: to go to. By doesn't look good. And he said, well,

389
00:18:02,160 --> 00:18:04,520
Speaker 1: here is how much your mom and I make a month,

390
00:18:04,560 --> 00:18:06,200
Speaker 1: which kids don't have a point of reference, so I

391
00:18:06,240 --> 00:18:08,560
Speaker 1: couldn't tell you what it was then. And this is

392
00:18:08,640 --> 00:18:11,520
Speaker 1: what we're spending on bills you've added up for me.

393
00:18:11,600 --> 00:18:15,000
Speaker 1: Now'll subtract what we what we spend from what we make.

394
00:18:15,119 --> 00:18:18,240
Speaker 1: And I thought, okay, there's still something left over. And

395
00:18:18,320 --> 00:18:20,600
Speaker 1: he said, well, only some of the money that's left

396
00:18:20,640 --> 00:18:21,920
Speaker 1: over can go to your bike, because we have to

397
00:18:21,960 --> 00:18:24,879
Speaker 1: save some and plus your your your other sister, Tracy,

398
00:18:24,920 --> 00:18:27,720
Speaker 1: her birthdays in October. You've got another sister, two sisters

399
00:18:27,760 --> 00:18:31,680
Speaker 1: birthdays in November, and then Carol's is in December. And

400
00:18:31,720 --> 00:18:33,960
Speaker 1: I was like, well, that's a lot of sisters. I'm

401
00:18:34,000 --> 00:18:35,960
Speaker 1: just focused on me and my bike right now. But

402
00:18:36,240 --> 00:18:38,640
Speaker 1: what I learned then is at that time I really

403
00:18:38,720 --> 00:18:41,240
Speaker 1: wanted a bike that was like, it's really cute Barbie

404
00:18:41,280 --> 00:18:44,359
Speaker 1: bike that was just my size, and for the first

405
00:18:44,440 --> 00:18:49,000
Speaker 1: time I thought about the power of purchasing in money

406
00:18:49,480 --> 00:18:51,119
Speaker 1: because I thought to myself, well, if I get a

407
00:18:51,200 --> 00:18:53,800
Speaker 1: bike that's just my size, now that I see the

408
00:18:53,920 --> 00:18:56,359
Speaker 1: process of what it takes to get there, if I

409
00:18:56,400 --> 00:18:58,640
Speaker 1: get a bike that's just my size, I'm gonna grow

410
00:18:58,680 --> 00:19:00,919
Speaker 1: out of it. And then next sheer for my birthday,

411
00:19:00,960 --> 00:19:02,200
Speaker 1: what am I gonna I'm gonna have to ask for

412
00:19:02,240 --> 00:19:05,640
Speaker 1: another bike. But I remember Karen, my older sister, got

413
00:19:06,080 --> 00:19:08,840
Speaker 1: got a camera when she was twelve, and I'm gonna

414
00:19:08,840 --> 00:19:11,080
Speaker 1: want a camera from our from our twelfth birthday. I

415
00:19:11,119 --> 00:19:13,240
Speaker 1: don't want to get another bike, so let me instead

416
00:19:13,240 --> 00:19:15,560
Speaker 1: of getting this Barbie bike that I really wanted, let

417
00:19:15,640 --> 00:19:18,400
Speaker 1: me get this bigger bike from Sears. My dad gave

418
00:19:18,400 --> 00:19:20,760
Speaker 1: me a choice between this Barbie bike or this bike

419
00:19:20,840 --> 00:19:22,640
Speaker 1: from Sears. And the bike from Sears was not cute,

420
00:19:22,680 --> 00:19:25,159
Speaker 1: it was blue, it was big, and it was ugly.

421
00:19:25,880 --> 00:19:28,800
Speaker 1: But I chose the Sears. The Sears bike I chose

422
00:19:29,400 --> 00:19:31,000
Speaker 1: because he's like, you know, the choices yours. I'm not

423
00:19:31,000 --> 00:19:32,880
Speaker 1: going to decide for you. But I chose the Sears bike.

424
00:19:33,080 --> 00:19:34,399
Speaker 1: And if I asked you to day and my dad

425
00:19:34,480 --> 00:19:35,880
Speaker 1: is something else. If I asked him to this day

426
00:19:36,280 --> 00:19:38,760
Speaker 1: how much what that was? That bike he remembers and

427
00:19:38,800 --> 00:19:40,560
Speaker 1: I can't remember what it was, but he remembers, like

428
00:19:40,640 --> 00:19:43,280
Speaker 1: to the penny, he's got it on that yellow ledger path.

429
00:19:44,720 --> 00:19:46,560
Speaker 1: And so, but what that lesson taught me because I

430
00:19:46,800 --> 00:19:48,760
Speaker 1: wrote that bike through middle school when I got it,

431
00:19:49,560 --> 00:19:51,320
Speaker 1: I rode that bike through high school. I used to

432
00:19:51,359 --> 00:19:53,119
Speaker 1: play tennis and I was on the I was a

433
00:19:53,200 --> 00:19:57,440
Speaker 1: tennis team of captain. Wrote that bike to practice. I

434
00:19:57,560 --> 00:20:00,240
Speaker 1: rode that bike during college break when and you know

435
00:20:00,240 --> 00:20:02,000
Speaker 1: you gained like the freshman fifteen. I wrote that bike

436
00:20:02,040 --> 00:20:05,320
Speaker 1: to lose weight. My dad up until probably just a

437
00:20:05,359 --> 00:20:07,640
Speaker 1: few years ago, he rode that bike for exercise. Because

438
00:20:07,640 --> 00:20:09,200
Speaker 1: now that he's in his seventies, were like, Dad, you

439
00:20:09,240 --> 00:20:12,880
Speaker 1: cannot ride this bike. And so I got that bike

440
00:20:12,920 --> 00:20:16,320
Speaker 1: when I was eleven and I'm thirty nine now, So

441
00:20:16,640 --> 00:20:20,840
Speaker 1: twenty eight years later, that's a financial choice that I

442
00:20:21,000 --> 00:20:24,040
Speaker 1: made that is still relevant twenty eight years later, and

443
00:20:24,080 --> 00:20:27,200
Speaker 1: it's such a testament to it's not just a blue bike.

444
00:20:27,840 --> 00:20:31,159
Speaker 1: It's not just a haircut, it's not just another purse,

445
00:20:31,480 --> 00:20:35,399
Speaker 1: it's not just a you know, eating out. Everything you

446
00:20:35,560 --> 00:20:38,680
Speaker 1: do with your money matters. What is your blue bike.

447
00:20:38,800 --> 00:20:42,600
Speaker 1: Everyone has something that they're choosing that seems not like

448
00:20:42,680 --> 00:20:44,520
Speaker 1: not a big deal, but it's following them into the

449
00:20:44,600 --> 00:20:47,119
Speaker 1: future and it's gonna be a good follow or is

450
00:20:47,160 --> 00:20:49,600
Speaker 1: there going to be a follow that's holding you back activity.

451
00:20:49,640 --> 00:20:51,920
Speaker 1: That's a great story about the bike. And the title

452
00:20:52,000 --> 00:20:54,800
Speaker 1: of this episode is Losing Everything to financial Empowerment. We

453
00:20:54,880 --> 00:20:56,840
Speaker 1: kind of learned a little bit about why you care

454
00:20:56,920 --> 00:20:59,880
Speaker 1: so much about financial empowerment, but we haven't really tackled

455
00:21:00,160 --> 00:21:02,399
Speaker 1: the losing everything part. And we're gonna get into that

456
00:21:02,440 --> 00:21:13,639
Speaker 1: part of your story right after the break. All right,

457
00:21:13,720 --> 00:21:16,320
Speaker 1: So we're back and we're gonna talk more here with Tiffany,

458
00:21:16,400 --> 00:21:18,720
Speaker 1: and we're gonna launch now into some of the years

459
00:21:18,840 --> 00:21:21,080
Speaker 1: after Tiffany left the house, once she was out on

460
00:21:21,160 --> 00:21:24,200
Speaker 1: her own. Tiffany, you were able to save around fifty

461
00:21:24,240 --> 00:21:26,720
Speaker 1: thou dollars in a couple of years on a forty

462
00:21:27,200 --> 00:21:31,680
Speaker 1: dollar teachers salary. Can you tell us how you did that? Yeah,

463
00:21:31,760 --> 00:21:34,320
Speaker 1: so basically forty thousand. I was making thirty nine thousand

464
00:21:34,359 --> 00:21:38,399
Speaker 1: dollars a year. Like most things, it started before me

465
00:21:38,560 --> 00:21:41,800
Speaker 1: leaving the house meeting. I had to make the decision beforehand,

466
00:21:41,840 --> 00:21:43,679
Speaker 1: before I needed the money. And so what I did

467
00:21:43,880 --> 00:21:46,159
Speaker 1: was right after college, I had to make a decision

468
00:21:46,240 --> 00:21:48,080
Speaker 1: do I want to move out? Which who doesn't want

469
00:21:48,080 --> 00:21:49,600
Speaker 1: to move out? But do I want to stay home?

470
00:21:50,080 --> 00:21:52,639
Speaker 1: I chose to stay home for a year because my parents, thankfully,

471
00:21:52,640 --> 00:21:54,840
Speaker 1: we're like, you don't have to to pay rent if

472
00:21:54,880 --> 00:21:57,160
Speaker 1: you're staying home and you're saving and you're working, which

473
00:21:57,200 --> 00:22:00,440
Speaker 1: I did. So because of that, I was it was safe.

474
00:22:00,480 --> 00:22:03,119
Speaker 1: I was making I think like fourteen an hour or

475
00:22:03,200 --> 00:22:05,680
Speaker 1: something like that, and I think I was making maybe

476
00:22:05,680 --> 00:22:08,560
Speaker 1: like eleven twelve hundred dollars a month, and I saved

477
00:22:08,720 --> 00:22:12,479
Speaker 1: nine hundred of that for four fifty every pay period.

478
00:22:12,920 --> 00:22:15,199
Speaker 1: And I was able to save ten thousand, five hundred

479
00:22:15,400 --> 00:22:17,960
Speaker 1: the year I lived home. And so I told my

480
00:22:18,040 --> 00:22:20,280
Speaker 1: dad I wanted a car, and he said, okay, well,

481
00:22:20,600 --> 00:22:22,800
Speaker 1: buying a new car as a it's a total waste

482
00:22:22,840 --> 00:22:26,720
Speaker 1: of money because of depreciation. Um, unless there's some rare

483
00:22:26,800 --> 00:22:29,560
Speaker 1: circumstances where it makes sense, but typically buying a brand

484
00:22:29,560 --> 00:22:31,600
Speaker 1: new car, it just doesn't make sense. So he said,

485
00:22:31,600 --> 00:22:33,800
Speaker 1: I'm going to take you to the auction and that's

486
00:22:33,800 --> 00:22:36,760
Speaker 1: where I've got my car, and um, I remember thinking,

487
00:22:36,840 --> 00:22:38,280
Speaker 1: really because my dad had a nice car was a

488
00:22:38,320 --> 00:22:39,960
Speaker 1: Mercedes and now you got this from the auction and

489
00:22:40,000 --> 00:22:42,119
Speaker 1: he's like yes, and so he said, you know you

490
00:22:42,200 --> 00:22:44,960
Speaker 1: have money saved and let's go. So I went to

491
00:22:45,000 --> 00:22:46,520
Speaker 1: the auction. I got myself like I think it was

492
00:22:46,600 --> 00:22:50,200
Speaker 1: a two year old Nissan Ultima for five thousand, five

493
00:22:50,280 --> 00:22:54,240
Speaker 1: hundred dollars. That's great. And then um, I bought my furniture.

494
00:22:54,680 --> 00:22:56,720
Speaker 1: I proceeded to go from furniture place to furniture place

495
00:22:56,720 --> 00:22:58,920
Speaker 1: and negotiate to get the furniture I wanted for my

496
00:22:59,240 --> 00:23:02,520
Speaker 1: upcoming apart ment. My sister, who was still home at

497
00:23:02,560 --> 00:23:03,800
Speaker 1: the time. I was like, Oh, if you move out,

498
00:23:03,880 --> 00:23:05,640
Speaker 1: can I Can I move out with you? I was like, sure,

499
00:23:05,720 --> 00:23:08,119
Speaker 1: even better a roommate. So I was making all of

500
00:23:08,160 --> 00:23:11,159
Speaker 1: these pre choices, and so as I was making these choices,

501
00:23:11,200 --> 00:23:14,119
Speaker 1: so now I move out. Instead of paying eleven hundred

502
00:23:14,160 --> 00:23:16,840
Speaker 1: thousand rent, my rent is uive fifty because I'm splitting

503
00:23:16,840 --> 00:23:19,200
Speaker 1: it with my sister. Instead of paying a car note,

504
00:23:19,280 --> 00:23:20,879
Speaker 1: I don't have one because I paid for my car

505
00:23:20,960 --> 00:23:23,920
Speaker 1: in cash. My car insurance was sixty two bucks a

506
00:23:24,000 --> 00:23:26,240
Speaker 1: month because I had like just liability because I owned

507
00:23:26,280 --> 00:23:28,840
Speaker 1: the car, So my life didn't cost me much my

508
00:23:29,000 --> 00:23:31,680
Speaker 1: life cost me, you know, maybe like six seven hundred

509
00:23:31,720 --> 00:23:34,440
Speaker 1: bucks a month. And by then I'd gotten a new job,

510
00:23:35,240 --> 00:23:36,920
Speaker 1: and that was a job paying me thirty nine thousand

511
00:23:36,960 --> 00:23:39,800
Speaker 1: dollars a year. So basically every other paycheck I could

512
00:23:39,880 --> 00:23:44,200
Speaker 1: bank because I had made these choices before I moved out,

513
00:23:44,280 --> 00:23:48,560
Speaker 1: before I needed to, and so my life was really inexpensive.

514
00:23:49,040 --> 00:23:50,960
Speaker 1: And so I was able to say, you know, about

515
00:23:51,040 --> 00:23:55,160
Speaker 1: forty dollars in two years and some change. And my landlord,

516
00:23:55,359 --> 00:23:57,159
Speaker 1: the ladies, she wanted to go up and rent, and

517
00:23:57,200 --> 00:23:59,880
Speaker 1: I thought to myself, well, maybe I'll just buy a house,

518
00:24:00,160 --> 00:24:02,359
Speaker 1: you know, well a condo, because I didn't feel like

519
00:24:02,400 --> 00:24:04,240
Speaker 1: I was ready for a house. And and I was like,

520
00:24:04,320 --> 00:24:06,120
Speaker 1: my sister said she'd move in with me. I'm a great,

521
00:24:06,280 --> 00:24:09,399
Speaker 1: I'll charge you a hundred dollars less than what the

522
00:24:09,480 --> 00:24:11,200
Speaker 1: landlady has charged me here, so she could help with

523
00:24:11,240 --> 00:24:13,480
Speaker 1: the mortgage. And so that's what I did. I put

524
00:24:13,520 --> 00:24:15,359
Speaker 1: a down payment on a condo. I didn't put all

525
00:24:15,400 --> 00:24:17,119
Speaker 1: of it. I think I have an FH loan, so

526
00:24:17,119 --> 00:24:19,600
Speaker 1: I probably put down three percent. The condo was two

527
00:24:19,680 --> 00:24:23,359
Speaker 1: twenty that's what I bought it for, two bedroom, one bathroom,

528
00:24:23,600 --> 00:24:26,920
Speaker 1: and my mortgage was sixteen sixty and my sister paid

529
00:24:26,960 --> 00:24:29,200
Speaker 1: like four or fifty or something of that. So I

530
00:24:29,520 --> 00:24:32,440
Speaker 1: was really proud of myself. But that's how I was

531
00:24:32,520 --> 00:24:36,560
Speaker 1: able to do. So I made the choice to not

532
00:24:36,920 --> 00:24:39,120
Speaker 1: add additional bills, like I didn't have a couch bill,

533
00:24:39,640 --> 00:24:42,359
Speaker 1: meaning I didn't finance that. I didn't have a table bill.

534
00:24:42,560 --> 00:24:44,480
Speaker 1: You know, that's the thing. You know, you graduate and

535
00:24:44,520 --> 00:24:46,000
Speaker 1: then all of a sudden you have so many people

536
00:24:46,080 --> 00:24:49,240
Speaker 1: have so many because you're financing everything. You have a bedroom,

537
00:24:49,320 --> 00:24:52,000
Speaker 1: set bill. And honestly, to this day, I've never had

538
00:24:52,160 --> 00:24:53,639
Speaker 1: a brand new car. At the car I'm driving now,

539
00:24:53,760 --> 00:24:55,800
Speaker 1: same thing. This is my third card that I paid

540
00:24:55,840 --> 00:24:58,159
Speaker 1: for in cash. It was the car bart now is

541
00:24:58,240 --> 00:25:00,880
Speaker 1: a certified pre owned. So I'm even smarter now when

542
00:25:00,920 --> 00:25:02,719
Speaker 1: it comes to the car because I get a car

543
00:25:02,840 --> 00:25:04,600
Speaker 1: that's just a couple of years old and with with

544
00:25:04,720 --> 00:25:07,960
Speaker 1: the warranty as if it's new. So there's ways to

545
00:25:08,040 --> 00:25:10,920
Speaker 1: find discounts in your life, so I don't live less

546
00:25:10,960 --> 00:25:13,760
Speaker 1: of a life, you know. Instead, I figure out what

547
00:25:13,880 --> 00:25:15,160
Speaker 1: is it that you want and how do you get

548
00:25:15,200 --> 00:25:17,520
Speaker 1: it at a discount? Yeah, And I feel like there

549
00:25:17,600 --> 00:25:21,280
Speaker 1: there are so many ads for easy financing for pretty

550
00:25:21,359 --> 00:25:24,359
Speaker 1: much everything. I mean, any retailer you go to, it's like, hey,

551
00:25:24,400 --> 00:25:26,119
Speaker 1: do you want to pay zero percent on this for

552
00:25:26,160 --> 00:25:28,120
Speaker 1: the next five years? And people are like, oh, sure,

553
00:25:28,200 --> 00:25:30,919
Speaker 1: that sounds great. But then what happens at the end

554
00:25:30,960 --> 00:25:33,080
Speaker 1: of that five years when you're not ready to pay

555
00:25:33,080 --> 00:25:35,720
Speaker 1: it off? The interest hits and boom, you're in a

556
00:25:35,760 --> 00:25:39,320
Speaker 1: bad situation. Yeah. By the way, Tiffany, during the Great Recession,

557
00:25:39,760 --> 00:25:42,320
Speaker 1: your school closed. You were a teacher. You you were

558
00:25:42,359 --> 00:25:46,280
Speaker 1: living really well on that dollar salary, saving a good

559
00:25:46,320 --> 00:25:48,280
Speaker 1: bit of your money. But tell us how how that

560
00:25:48,359 --> 00:25:50,280
Speaker 1: affected you. The recession and then that the closing of

561
00:25:50,320 --> 00:25:53,720
Speaker 1: the school you're working at, it was, It was life changing.

562
00:25:53,760 --> 00:25:56,200
Speaker 1: It's the reason why I'm the budget lesta. Three days

563
00:25:56,240 --> 00:25:58,639
Speaker 1: before the new school year, so around this time now,

564
00:25:58,720 --> 00:26:02,320
Speaker 1: because in New Jersey, Scho school opens in September, three

565
00:26:02,440 --> 00:26:04,600
Speaker 1: days before the new school year, we get the call

566
00:26:04,760 --> 00:26:06,760
Speaker 1: like the funding that we normally get for the school

567
00:26:06,960 --> 00:26:10,080
Speaker 1: is no longer and don't come back. And it was

568
00:26:10,160 --> 00:26:13,840
Speaker 1: doubly devastating because many teachers during the summer, they don't

569
00:26:13,880 --> 00:26:16,919
Speaker 1: work during the summer, so typically one or two things happened.

570
00:26:17,320 --> 00:26:19,920
Speaker 1: You either save your money in your own bank account,

571
00:26:20,280 --> 00:26:23,479
Speaker 1: or sometimes the school will actually withhold some of your

572
00:26:23,520 --> 00:26:25,840
Speaker 1: money during the year and then pay you during the summer.

573
00:26:26,240 --> 00:26:27,920
Speaker 1: But for me, for the way my school working was

574
00:26:27,960 --> 00:26:30,800
Speaker 1: a small school, you saved your money during the school

575
00:26:30,880 --> 00:26:33,720
Speaker 1: year and then you just lived off that during the summer,

576
00:26:33,920 --> 00:26:36,520
Speaker 1: and so that's what I did. So imagine the summer's over,

577
00:26:36,960 --> 00:26:40,360
Speaker 1: I'm basically tapped out, Like who I had like savings

578
00:26:40,440 --> 00:26:43,000
Speaker 1: in general, just like from me just being a good saver,

579
00:26:43,160 --> 00:26:46,879
Speaker 1: but as far as like my living expensive savings, I

580
00:26:46,960 --> 00:26:49,720
Speaker 1: didn't have that. And then to get that call and

581
00:26:49,800 --> 00:26:52,119
Speaker 1: I was like, okay, So I wasn't fully fully freaked

582
00:26:52,119 --> 00:26:54,280
Speaker 1: out at first, like well, tell, you do have some savings,

583
00:26:54,880 --> 00:26:57,560
Speaker 1: but when you have no income coming in And right

584
00:26:57,640 --> 00:26:59,600
Speaker 1: before the recession hit, I was a victim of a

585
00:26:59,640 --> 00:27:03,520
Speaker 1: credit art scam that left me thirty five thousand dollars

586
00:27:03,560 --> 00:27:06,440
Speaker 1: in debt. A friend of mine, well Air quotes friend.

587
00:27:06,920 --> 00:27:08,480
Speaker 1: I thought he was wealthy. This was back when you're

588
00:27:08,520 --> 00:27:10,040
Speaker 1: young enough to be. I was in my twenties, so

589
00:27:10,119 --> 00:27:11,760
Speaker 1: I thought like, because he had like a nice car

590
00:27:12,280 --> 00:27:15,280
Speaker 1: and like this like penthouse apartment in New York and

591
00:27:15,720 --> 00:27:17,840
Speaker 1: and I remember thinking like, oh, he's my wealthy friend.

592
00:27:18,119 --> 00:27:19,760
Speaker 1: I wanted if he could teach me how to invest.

593
00:27:20,280 --> 00:27:22,840
Speaker 1: So he convinced me to um open up like two

594
00:27:22,880 --> 00:27:26,080
Speaker 1: other credit cards and to pull off money as a

595
00:27:26,119 --> 00:27:28,080
Speaker 1: cash advance, which is like the worst thing you can do.

596
00:27:28,160 --> 00:27:31,360
Speaker 1: But I didn't know, and I decided not to tell

597
00:27:31,400 --> 00:27:33,320
Speaker 1: my dad because I told me want to surprise him

598
00:27:33,359 --> 00:27:37,440
Speaker 1: with my good choices. And so I pulled the money

599
00:27:37,520 --> 00:27:40,920
Speaker 1: off and he was like, we're gonna invest it and

600
00:27:41,160 --> 00:27:43,000
Speaker 1: you're going to make What did he tell me? I

601
00:27:43,080 --> 00:27:45,480
Speaker 1: was supposed to make two thousand dollars a week. I mean,

602
00:27:45,560 --> 00:27:48,240
Speaker 1: how crazy? Did That's a little too good to be true? Yes,

603
00:27:48,800 --> 00:27:51,280
Speaker 1: And again I did not ask the one person that

604
00:27:51,400 --> 00:27:53,080
Speaker 1: would be like, are you crazy? This is a lie?

605
00:27:53,359 --> 00:27:54,840
Speaker 1: So I pulled the money off the credit card. I

606
00:27:54,960 --> 00:27:57,200
Speaker 1: remember even. I remember I was sitting in the bank

607
00:27:57,320 --> 00:27:59,879
Speaker 1: lobby waiting. They must have had me there for an

608
00:28:00,000 --> 00:28:02,280
Speaker 1: hour because they thought that I was like being kidnapped.

609
00:28:02,560 --> 00:28:04,320
Speaker 1: They're like, are you sure you would have all this

610
00:28:04,440 --> 00:28:06,600
Speaker 1: money off? It's someone pressuring you. I was like no,

611
00:28:07,160 --> 00:28:09,600
Speaker 1: So I pulled the money and you know, off, gave

612
00:28:09,640 --> 00:28:11,040
Speaker 1: it to him. Was like, okay, tell me the next

613
00:28:11,080 --> 00:28:13,920
Speaker 1: step about investing, and he promptly disappeared. It took me

614
00:28:13,960 --> 00:28:16,119
Speaker 1: a few weeks to realize that he disappeared, because we

615
00:28:16,200 --> 00:28:17,919
Speaker 1: were still talk on the phone, and I'm like, he's like, oh,

616
00:28:17,920 --> 00:28:20,760
Speaker 1: I'm investing your money. It's growing. Your first payment's gonna

617
00:28:20,760 --> 00:28:23,920
Speaker 1: be next month. And I was so excited that decided that,

618
00:28:24,040 --> 00:28:26,280
Speaker 1: you know what, for the first time, you know what,

619
00:28:26,440 --> 00:28:28,800
Speaker 1: I could have a balance on my credit card because

620
00:28:29,040 --> 00:28:31,040
Speaker 1: I'm totally gonna be rich in a minute. And so

621
00:28:31,119 --> 00:28:34,120
Speaker 1: I bought this online course for I wish I would

622
00:28:34,119 --> 00:28:36,480
Speaker 1: at least had stuff. I bought this online course to

623
00:28:36,640 --> 00:28:39,840
Speaker 1: teach me how to start a business for fifteen thousand dollars.

624
00:28:39,880 --> 00:28:42,160
Speaker 1: Can you imagine. I just don't even thin I was thinking.

625
00:28:42,560 --> 00:28:45,240
Speaker 1: And so here I was like his was fifteen or

626
00:28:45,440 --> 00:28:47,960
Speaker 1: ten thousand or fifteen thousd or whatever it was that

627
00:28:48,080 --> 00:28:49,920
Speaker 1: I took off as a cash advance, but then I

628
00:28:50,000 --> 00:28:54,240
Speaker 1: added fifteen thousand to that to learn from. Like it

629
00:28:54,360 --> 00:28:56,040
Speaker 1: was like some financial group. I won't even say his

630
00:28:56,080 --> 00:28:58,640
Speaker 1: name because he's still out there. Some financial grew had

631
00:28:58,680 --> 00:29:01,479
Speaker 1: like one of these like course is and learn how

632
00:29:01,520 --> 00:29:03,360
Speaker 1: to you know, start a business and all this other stuff.

633
00:29:03,360 --> 00:29:05,200
Speaker 1: And so I said, oh, I'll do that I totally

634
00:29:05,240 --> 00:29:06,800
Speaker 1: want to learn, and you know, I don't want to

635
00:29:06,800 --> 00:29:09,000
Speaker 1: go back to the classroom. And so I spent fifteen

636
00:29:09,040 --> 00:29:11,760
Speaker 1: thousand dollars on this course that it wasn't the worst,

637
00:29:11,800 --> 00:29:14,480
Speaker 1: but I definitely wasn't ready for and it also it

638
00:29:14,640 --> 00:29:19,040
Speaker 1: wasn't worth that. Yeah, and then those difficult situations kind

639
00:29:19,080 --> 00:29:21,160
Speaker 1: of reared their uply head with without having the job,

640
00:29:21,200 --> 00:29:24,080
Speaker 1: and then this credit card scam. You ended up losing

641
00:29:24,240 --> 00:29:27,640
Speaker 1: your condo, didn't you. Yes, So I had student loans

642
00:29:27,680 --> 00:29:29,520
Speaker 1: for the first time because I just got my masters,

643
00:29:29,560 --> 00:29:32,080
Speaker 1: So I'm like fifty thou dollars in debt for that.

644
00:29:32,840 --> 00:29:35,800
Speaker 1: Then the credit cards credit card scamp happened, thirty five

645
00:29:35,840 --> 00:29:38,560
Speaker 1: thousand dollars in debt, and I already had this condo.

646
00:29:39,240 --> 00:29:41,640
Speaker 1: And then now I have no job. So even though

647
00:29:41,720 --> 00:29:43,640
Speaker 1: I did have savings, I had about two years worth

648
00:29:43,680 --> 00:29:46,800
Speaker 1: of like expensive saved. So even though I had savings,

649
00:29:46,920 --> 00:29:49,560
Speaker 1: I had these two new bills, student loans and credit

650
00:29:49,600 --> 00:29:51,880
Speaker 1: card debt on top of the mortgage. And it was

651
00:29:52,880 --> 00:29:56,160
Speaker 1: devastating because I realized for the first time I had

652
00:29:56,280 --> 00:30:00,640
Speaker 1: made a huge financial mistake, and not just one multiple

653
00:30:01,080 --> 00:30:02,800
Speaker 1: so it didn't I didn't even know how to process

654
00:30:02,880 --> 00:30:05,400
Speaker 1: it so honestly, for the first year and a half,

655
00:30:05,920 --> 00:30:08,560
Speaker 1: I didn't do anything. I was just paying the minimum

656
00:30:08,760 --> 00:30:11,920
Speaker 1: because I had my identity was linked to Tiffany mixed

657
00:30:11,960 --> 00:30:14,600
Speaker 1: good choices with money, and I realized that's not true,

658
00:30:14,960 --> 00:30:17,440
Speaker 1: that's not true, that it was really just Tiffany listened

659
00:30:17,480 --> 00:30:21,240
Speaker 1: to her father, so I had not internalized the choices,

660
00:30:21,680 --> 00:30:23,760
Speaker 1: and so it forced me. And I didn't even tell him.

661
00:30:24,120 --> 00:30:26,040
Speaker 1: I just moved back home. I remember, just like bringing

662
00:30:26,080 --> 00:30:28,720
Speaker 1: a lamp, then like a bed sheet, and then my bed.

663
00:30:28,840 --> 00:30:32,080
Speaker 1: I was like, I'm back, So I just moved. I

664
00:30:32,160 --> 00:30:34,000
Speaker 1: moved back home. I was twenty nine going on thirty.

665
00:30:34,000 --> 00:30:36,800
Speaker 1: I spent my thirties birthday in my middle school bed

666
00:30:37,360 --> 00:30:40,720
Speaker 1: thinking like, wow, life has a way of humbling you.

667
00:30:41,440 --> 00:30:43,440
Speaker 1: And it took me a minute to get out of

668
00:30:43,480 --> 00:30:46,200
Speaker 1: the funk because I had to forgive myself, I because

669
00:30:46,200 --> 00:30:47,680
Speaker 1: I was like beating myself up, Like how could you

670
00:30:47,760 --> 00:30:51,239
Speaker 1: be so foolish, Tiffany? What's wrong with you? Like all

671
00:30:51,280 --> 00:30:53,400
Speaker 1: of these things you tell yourself, which are just terrible

672
00:30:53,480 --> 00:30:56,360
Speaker 1: things that you wouldn't say to a friend, So why

673
00:30:56,440 --> 00:30:58,040
Speaker 1: would you say that to yourself? When you say those

674
00:30:58,120 --> 00:31:00,800
Speaker 1: things and then you feel the sense of shame and

675
00:31:01,520 --> 00:31:04,720
Speaker 1: and so finally it really was a friend of mine

676
00:31:05,040 --> 00:31:06,800
Speaker 1: who called me and I, you know, I kind of

677
00:31:06,920 --> 00:31:10,200
Speaker 1: just like I told her everything, and I was just

678
00:31:10,280 --> 00:31:12,520
Speaker 1: so embarrassed. And she was like, Tiffany, welcome to everyone

679
00:31:12,560 --> 00:31:14,320
Speaker 1: else's life. You literally are the only person I know

680
00:31:14,400 --> 00:31:16,240
Speaker 1: that have that has not made a financial mistake up

681
00:31:16,280 --> 00:31:18,280
Speaker 1: until now. Like she's like the rest of us, I

682
00:31:18,360 --> 00:31:20,760
Speaker 1: have been broke. I hear you that you have credit

683
00:31:20,800 --> 00:31:23,640
Speaker 1: card debt. Okay, oh you guys, student loan debt. Uh.

684
00:31:23,960 --> 00:31:27,080
Speaker 1: Everyone has been a loan debt, Like you're losing your house.

685
00:31:27,280 --> 00:31:30,840
Speaker 1: You know, honestly, almost everyone. That's what's happening around. And

686
00:31:30,960 --> 00:31:33,480
Speaker 1: so what she made me realize is that I wasn't alone,

687
00:31:33,800 --> 00:31:36,320
Speaker 1: and it allowed me to forgive myself, and then forgiving myself,

688
00:31:36,360 --> 00:31:39,920
Speaker 1: I could see the solutions that I've learned from from

689
00:31:39,960 --> 00:31:42,520
Speaker 1: my father. So I went back to the basics. I

690
00:31:42,640 --> 00:31:44,880
Speaker 1: had less money at thirty three than I did when

691
00:31:44,920 --> 00:31:47,640
Speaker 1: I was sixteen. That was humble. I remember looking at

692
00:31:47,640 --> 00:31:50,120
Speaker 1: my bank account was like, wow, you baby sad and

693
00:31:50,200 --> 00:31:51,920
Speaker 1: worked at the library when you were sixteen, you had

694
00:31:51,920 --> 00:31:54,040
Speaker 1: a few thousand dollars in your bank account. You don't

695
00:31:54,040 --> 00:31:57,560
Speaker 1: have that now you have less money at thirty three

696
00:31:57,600 --> 00:32:00,880
Speaker 1: than you do at sixteen, Tiffany, And just remember thinking

697
00:32:01,000 --> 00:32:02,760
Speaker 1: like I didn't want that to be the end of

698
00:32:02,880 --> 00:32:06,400
Speaker 1: my my story. So as I was working through and

699
00:32:06,480 --> 00:32:10,200
Speaker 1: helping myself, people started asking me for help and because

700
00:32:10,240 --> 00:32:11,600
Speaker 1: they saw that at least I was making a little

701
00:32:11,600 --> 00:32:13,600
Speaker 1: bit of headway, and that's how the Budget Nesta was born.

702
00:32:13,640 --> 00:32:16,200
Speaker 1: I did a lot of volunteer at ALL two thousand nine.

703
00:32:16,240 --> 00:32:20,280
Speaker 1: I must have spoken and everyone's basement, everyone's church, everyone's

704
00:32:20,600 --> 00:32:23,560
Speaker 1: Boys and Girls club meeting. I spoke two or three

705
00:32:23,640 --> 00:32:26,760
Speaker 1: times a week for free, All two thousand nineteen, and

706
00:32:26,920 --> 00:32:29,720
Speaker 1: that turned into the Budget NESTA. Two thousand and ten,

707
00:32:29,840 --> 00:32:32,200
Speaker 1: when I got my first contract with the United Way,

708
00:32:32,440 --> 00:32:34,880
Speaker 1: I had volunteered with them and then they were looking

709
00:32:34,960 --> 00:32:38,920
Speaker 1: for a financial education teacher. They had just gotten some

710
00:32:38,960 --> 00:32:41,480
Speaker 1: money from a bank and they said, well, we'll pay

711
00:32:41,560 --> 00:32:44,000
Speaker 1: you to basically do what you've been doing teaching to

712
00:32:44,080 --> 00:32:47,600
Speaker 1: the community. And that's when things started to turn around. Tiffany.

713
00:32:47,680 --> 00:32:50,200
Speaker 1: That's man, that's that's fantastic. It's amazing to see sort

714
00:32:50,240 --> 00:32:52,720
Speaker 1: of your journey right where you were riding along high

715
00:32:52,840 --> 00:32:55,040
Speaker 1: you know, you had that fantastic credit score kind of

716
00:32:55,120 --> 00:32:56,400
Speaker 1: ended up in the dumps a little bit, but then

717
00:32:56,440 --> 00:32:58,160
Speaker 1: you kind of came out the other side and you

718
00:32:58,240 --> 00:33:00,720
Speaker 1: just started there talking about budget needs stuff. We're gonna

719
00:33:00,760 --> 00:33:02,760
Speaker 1: get more into your story as a teacher of personal

720
00:33:02,880 --> 00:33:14,120
Speaker 1: finance right after the break. All right, we're back from

721
00:33:14,160 --> 00:33:17,840
Speaker 1: break and we're talking about Tiffany the budget Nista, and Tiffany,

722
00:33:17,840 --> 00:33:21,280
Speaker 1: you just kind of started to touch on becoming turning

723
00:33:21,320 --> 00:33:23,600
Speaker 1: into the budget Nista, which is like, kind of this

724
00:33:24,000 --> 00:33:26,320
Speaker 1: in my mind, you're this superhero teaching people how to

725
00:33:26,360 --> 00:33:29,240
Speaker 1: budget right, and it's really cool and obviously you have

726
00:33:29,280 --> 00:33:31,200
Speaker 1: these great lessons from your dad, but then you have

727
00:33:31,280 --> 00:33:33,880
Speaker 1: this amazingly difficult time. And I feel like people that

728
00:33:34,040 --> 00:33:37,440
Speaker 1: go through something difficult like that often have the most

729
00:33:37,520 --> 00:33:41,240
Speaker 1: to teach because they've struggled. So tell us kind of

730
00:33:41,280 --> 00:33:44,600
Speaker 1: what this transition looked like from starting to to teach

731
00:33:44,680 --> 00:33:47,200
Speaker 1: and becoming the budget Nissa. How did you evolve into

732
00:33:47,720 --> 00:33:50,520
Speaker 1: starting to teach personal finance to others? Because I had

733
00:33:50,520 --> 00:33:52,440
Speaker 1: been a teacher for ten years, that's how long I

734
00:33:52,560 --> 00:33:55,200
Speaker 1: taught in the classroom, and like you guys said, you

735
00:33:55,240 --> 00:33:57,240
Speaker 1: have little ones. There's nothing harder to teach than the

736
00:33:57,320 --> 00:33:59,280
Speaker 1: three and four year old because they have no point

737
00:33:59,320 --> 00:34:01,040
Speaker 1: of reference. You can be like, oh this is this

738
00:34:01,200 --> 00:34:03,120
Speaker 1: is red like an apple? What's an apple? You're like,

739
00:34:03,200 --> 00:34:05,440
Speaker 1: oh boy, we have to start from the beginning. So

740
00:34:06,040 --> 00:34:08,040
Speaker 1: I didn't realize that when I was teaching, I was

741
00:34:08,520 --> 00:34:12,680
Speaker 1: really getting the best public speaking lesson and teaching lessons

742
00:34:12,719 --> 00:34:15,040
Speaker 1: that I could ever receive. And so because if you

743
00:34:15,080 --> 00:34:18,080
Speaker 1: could teach, you know, children that young, you could teach

744
00:34:18,120 --> 00:34:21,839
Speaker 1: an adults anything you know. So as I I'm someone

745
00:34:21,960 --> 00:34:24,800
Speaker 1: who wants I know a thing, like I really understand

746
00:34:24,840 --> 00:34:28,120
Speaker 1: and know it, I'm able to then translate that into

747
00:34:28,200 --> 00:34:30,480
Speaker 1: knowledge for others. And so I just lean on the

748
00:34:30,520 --> 00:34:32,600
Speaker 1: way I teach preschool, the way I taught preschool. It's

749
00:34:32,600 --> 00:34:35,520
Speaker 1: the way I teach financial education. You know, preschool teachers

750
00:34:35,560 --> 00:34:37,960
Speaker 1: teach from a place of love and of understanding, of

751
00:34:38,120 --> 00:34:41,320
Speaker 1: meeting you where you are, um of empathy. And so

752
00:34:41,400 --> 00:34:43,360
Speaker 1: I think that's kind of like what sets the budget

753
00:34:43,440 --> 00:34:46,760
Speaker 1: needs to apart. It started with me helping like friends.

754
00:34:46,800 --> 00:34:48,640
Speaker 1: They would come over on the weekends to my house

755
00:34:49,400 --> 00:34:51,200
Speaker 1: and I would work with them on their budget, and

756
00:34:51,200 --> 00:34:52,799
Speaker 1: they would say, well, can I bring out another friend

757
00:34:52,920 --> 00:34:55,880
Speaker 1: next weekend? And then finally a friend of mine was like,

758
00:34:55,880 --> 00:34:57,640
Speaker 1: you should charge folks that you don't know at least,

759
00:34:57,680 --> 00:35:00,840
Speaker 1: and so I started to do that, and then I

760
00:35:01,000 --> 00:35:03,560
Speaker 1: reached a threshold because many of the people that I

761
00:35:03,840 --> 00:35:06,120
Speaker 1: wanted to charge I just didn't have it. And so

762
00:35:06,200 --> 00:35:07,600
Speaker 1: I thought, well, is there a way that I can

763
00:35:07,640 --> 00:35:10,000
Speaker 1: continue to teach folks where I don't have to charge

764
00:35:10,080 --> 00:35:12,680
Speaker 1: them individually and through my volunteer work. Like I said,

765
00:35:12,719 --> 00:35:15,319
Speaker 1: that's how the United Way came about. You know. They

766
00:35:15,840 --> 00:35:18,640
Speaker 1: I met with them and the young woman who is

767
00:35:18,680 --> 00:35:22,560
Speaker 1: now the UM executive director, she was a community developer

768
00:35:22,600 --> 00:35:24,520
Speaker 1: at the time, and I actually helped her with her

769
00:35:24,600 --> 00:35:26,480
Speaker 1: budget and she was like, this is so great. Can

770
00:35:26,520 --> 00:35:29,200
Speaker 1: you do this for my staff? I said, chore And

771
00:35:29,280 --> 00:35:30,680
Speaker 1: then that worked out and she was like, well, can

772
00:35:30,680 --> 00:35:32,440
Speaker 1: you do this for the city through the United Way?

773
00:35:32,440 --> 00:35:34,440
Speaker 1: I said sure, And that was such a lifeline. I

774
00:35:34,480 --> 00:35:36,880
Speaker 1: did that for about three years and it's the thing

775
00:35:36,960 --> 00:35:40,080
Speaker 1: that held me over. And so because I knew how

776
00:35:40,239 --> 00:35:43,759
Speaker 1: to write curriculum, I had written. The curriculum that I

777
00:35:43,880 --> 00:35:46,440
Speaker 1: taught via the United Way was a six week course

778
00:35:47,200 --> 00:35:49,880
Speaker 1: and I would use social media. This is when social

779
00:35:49,920 --> 00:35:52,640
Speaker 1: media was It was really just Facebook and people were

780
00:35:52,719 --> 00:35:56,080
Speaker 1: just using Facebook personally but I started to use my

781
00:35:56,160 --> 00:35:58,880
Speaker 1: personal page just to showcase what I was doing, and

782
00:35:59,640 --> 00:36:03,040
Speaker 1: people around the country started saying, Hey, I'd like to

783
00:36:03,080 --> 00:36:04,640
Speaker 1: come to a class, and that would be like, well,

784
00:36:04,760 --> 00:36:06,960
Speaker 1: it's in Newark, New Jersey. I don't Can you come

785
00:36:07,000 --> 00:36:09,200
Speaker 1: to Florida or can you come to Oklahoma? And I'm like, no,

786
00:36:09,960 --> 00:36:12,839
Speaker 1: not to teach a free class. And so I thought, well,

787
00:36:12,880 --> 00:36:15,319
Speaker 1: what if I took this class that I teach at

788
00:36:15,320 --> 00:36:17,400
Speaker 1: the United Way that I've already written, it's been vetted

789
00:36:17,440 --> 00:36:19,440
Speaker 1: for three years and you've perfected it. What if I

790
00:36:19,520 --> 00:36:22,200
Speaker 1: took it online? And so I did, and I created

791
00:36:22,400 --> 00:36:26,800
Speaker 1: something called the Live Richer Challenge. And when I did that,

792
00:36:27,000 --> 00:36:29,480
Speaker 1: it was I made it five weeks, the first one,

793
00:36:29,760 --> 00:36:33,399
Speaker 1: and it launched five years ago, and my my goal

794
00:36:33,520 --> 00:36:35,680
Speaker 1: was to get ten thousand women signed up. It took

795
00:36:35,719 --> 00:36:37,439
Speaker 1: me a whole year. I didn't know anything about paid

796
00:36:37,520 --> 00:36:39,680
Speaker 1: marketing or anything. So it took me a whole year

797
00:36:39,760 --> 00:36:42,520
Speaker 1: to get ten thousand women signed up organically, and we

798
00:36:42,600 --> 00:36:45,360
Speaker 1: did the challenge together hand in hand. I talked to

799
00:36:45,360 --> 00:36:47,560
Speaker 1: them how to budget, how to save, how to get

800
00:36:47,640 --> 00:36:49,239
Speaker 1: a dead how to fix your credit, even, how to

801
00:36:49,360 --> 00:36:53,160
Speaker 1: start to adjust their insurance and beginning investing and it

802
00:36:53,280 --> 00:36:54,800
Speaker 1: went so well, they were like, can we do it

803
00:36:55,000 --> 00:36:56,520
Speaker 1: again next year? And I said, well, why don't we

804
00:36:56,560 --> 00:36:58,440
Speaker 1: do a different one? So I did a survey and

805
00:36:58,880 --> 00:37:00,600
Speaker 1: the survey came out that people wanted to learn how

806
00:37:00,640 --> 00:37:03,200
Speaker 1: to save. So I did the Live Your Challenge Saving edition,

807
00:37:03,960 --> 00:37:05,960
Speaker 1: and then the next year I did the credit edition,

808
00:37:06,040 --> 00:37:08,319
Speaker 1: and then the net worth edition, then the homebuying edition,

809
00:37:09,000 --> 00:37:11,799
Speaker 1: and it went from ten thousand to thirty two. Now

810
00:37:11,880 --> 00:37:15,239
Speaker 1: it's eight hundred thousand women that have done one or

811
00:37:15,280 --> 00:37:19,839
Speaker 1: more the challenges. That's amazing. Thank you. So people ask

812
00:37:19,880 --> 00:37:21,440
Speaker 1: all the time, like how did you go to your audience?

813
00:37:21,520 --> 00:37:24,040
Speaker 1: It was through those free challenges we I mean speaking

814
00:37:24,080 --> 00:37:25,960
Speaker 1: of free Like, it's just amazing too that you got

815
00:37:26,000 --> 00:37:28,560
Speaker 1: your entire start from volunteering, right, Like, I don't want

816
00:37:28,600 --> 00:37:30,880
Speaker 1: to overlook that the fact that you were doing something

817
00:37:31,040 --> 00:37:34,360
Speaker 1: that wasn't paying you money. You're doing something that you knew,

818
00:37:34,600 --> 00:37:37,399
Speaker 1: like you felt deep down that teaching like that's something

819
00:37:37,480 --> 00:37:39,680
Speaker 1: that I should be doing. But from that and from

820
00:37:39,760 --> 00:37:43,040
Speaker 1: that passion and that calling, that's how the budget NESTA

821
00:37:43,160 --> 00:37:46,560
Speaker 1: was was born essentially. Right, Yes, it's hard to I

822
00:37:46,680 --> 00:37:49,040
Speaker 1: get it, like I I get it when I see people,

823
00:37:49,120 --> 00:37:51,800
Speaker 1: they're like, oh, this is a business. I have to

824
00:37:51,880 --> 00:37:55,040
Speaker 1: make money. I totally get it, but I truly believe

825
00:37:55,080 --> 00:37:57,759
Speaker 1: in living a life of service. It's the reason why

826
00:37:57,760 --> 00:37:59,680
Speaker 1: I became a school teacher. I mean, I want to

827
00:37:59,680 --> 00:38:01,880
Speaker 1: school for business, That's that's what my bachelor is in.

828
00:38:02,000 --> 00:38:04,440
Speaker 1: And but I just didn't feel called there. I felt

829
00:38:04,480 --> 00:38:08,120
Speaker 1: like it didn't matter what I did in this corporate environment,

830
00:38:08,600 --> 00:38:10,640
Speaker 1: and I wanted the work that I did to matter.

831
00:38:11,160 --> 00:38:15,000
Speaker 1: And so to me, there is no more noble profession

832
00:38:15,080 --> 00:38:18,960
Speaker 1: than teaching, because you get to transform someone's life. You know,

833
00:38:19,080 --> 00:38:21,000
Speaker 1: you teach a five year old how to tie their shoe,

834
00:38:21,600 --> 00:38:23,160
Speaker 1: they tie their shoe now, but not just that, but

835
00:38:23,200 --> 00:38:24,920
Speaker 1: they're gonna teach their kid to tie their shoe, and

836
00:38:24,960 --> 00:38:27,320
Speaker 1: their kid and their kids you will forever be embedded

837
00:38:27,400 --> 00:38:29,960
Speaker 1: in their life through that one lesson. Let alone, you

838
00:38:30,000 --> 00:38:32,319
Speaker 1: teach someone how to read, what about if you teach

839
00:38:32,360 --> 00:38:35,680
Speaker 1: someone how to save? Ultimately, my mission is to provide

840
00:38:35,760 --> 00:38:38,279
Speaker 1: access to those who have been left out of the

841
00:38:38,320 --> 00:38:41,480
Speaker 1: financial conversation. I am a teacher, like, That's what I

842
00:38:41,560 --> 00:38:44,240
Speaker 1: want my legacy to be, that you've left this place

843
00:38:44,680 --> 00:38:46,719
Speaker 1: better than you found it, that you have helped to

844
00:38:46,920 --> 00:38:50,920
Speaker 1: transform people's lives through education. I just happened that I

845
00:38:51,080 --> 00:38:53,640
Speaker 1: choose financial education right now, but maybe ten years now

846
00:38:53,760 --> 00:38:55,600
Speaker 1: might be something else. But because before this was it

847
00:38:55,640 --> 00:38:58,640
Speaker 1: was preschool education. But I know that with a shadow

848
00:38:58,680 --> 00:39:01,840
Speaker 1: of a doubt, that I was created and made to

849
00:39:02,000 --> 00:39:05,239
Speaker 1: be a teacher. Well, we can tell you've got the

850
00:39:05,440 --> 00:39:08,000
Speaker 1: energy and the heart of service. I mean, obviously to

851
00:39:08,080 --> 00:39:12,759
Speaker 1: be able to impact people through your courses. That's I mean,

852
00:39:12,840 --> 00:39:16,320
Speaker 1: that's amazing. Your focus is mainly on teaching women. So

853
00:39:16,440 --> 00:39:18,400
Speaker 1: I wanted to know, in your opinion, how do the

854
00:39:18,520 --> 00:39:22,920
Speaker 1: challenges of personal finance differ for women compared to men

855
00:39:23,000 --> 00:39:25,279
Speaker 1: in your opinion? To me, the basics I was saying,

856
00:39:25,280 --> 00:39:28,000
Speaker 1: budgeting is budgeting, saving and saving, but women tend to

857
00:39:28,040 --> 00:39:31,320
Speaker 1: put themselves last. Um, not to say that men, you know,

858
00:39:31,400 --> 00:39:36,160
Speaker 1: don't think of others, but women, especially women, overcompensate, not

859
00:39:36,280 --> 00:39:41,600
Speaker 1: over compensate, over sacrifice. Women over accommodate men. They're taking

860
00:39:41,640 --> 00:39:43,360
Speaker 1: care of their family, they're doing what they're supposed to do,

861
00:39:43,480 --> 00:39:46,160
Speaker 1: but they're not over compensating, which is a good thing.

862
00:39:46,600 --> 00:39:49,279
Speaker 1: I feel like women sacrifice more than they need to

863
00:39:49,400 --> 00:39:52,040
Speaker 1: work or should, and so that's a lot of what

864
00:39:52,160 --> 00:39:53,719
Speaker 1: I do the work I do is to make sure

865
00:39:53,840 --> 00:39:57,960
Speaker 1: that women can release the guilt of doing something for themselves. Like,

866
00:39:58,080 --> 00:40:00,400
Speaker 1: it is okay to do something for yourself. You know,

867
00:40:00,560 --> 00:40:02,600
Speaker 1: it doesn't make your bad mom and that sister or

868
00:40:02,640 --> 00:40:04,680
Speaker 1: that cousin. You don't have to say yes to everyone.

869
00:40:05,120 --> 00:40:07,400
Speaker 1: You don't have to take care of every single person.

870
00:40:07,800 --> 00:40:10,000
Speaker 1: Your cousin can work too, you don't have to pay

871
00:40:10,040 --> 00:40:12,839
Speaker 1: all her bills. It's okay to tell your kid, hey,

872
00:40:13,080 --> 00:40:15,839
Speaker 1: you know you can't stay with me until your forty five.

873
00:40:16,360 --> 00:40:18,080
Speaker 1: But women, I find have a hard time with that.

874
00:40:18,200 --> 00:40:20,360
Speaker 1: And so that's I do a lot of like money

875
00:40:20,960 --> 00:40:24,320
Speaker 1: mental money work with women. Yeah, and CERTivity when it

876
00:40:24,400 --> 00:40:27,640
Speaker 1: comes to investing. From all the stats that I've seen,

877
00:40:28,080 --> 00:40:30,439
Speaker 1: it turns out that women tend to invest a little

878
00:40:30,440 --> 00:40:35,120
Speaker 1: more conservatively and that impacts them pretty negatively in their retirement.

879
00:40:35,440 --> 00:40:37,239
Speaker 1: So is that something you also kind of help them

880
00:40:37,400 --> 00:40:40,520
Speaker 1: figure out how to invest properly? Well more so the

881
00:40:40,600 --> 00:40:42,560
Speaker 1: mindset parks. I would say tell people I'm the budgete

882
00:40:42,640 --> 00:40:44,680
Speaker 1: to not to invest in these And to be honest,

883
00:40:44,800 --> 00:40:47,239
Speaker 1: I'm one of those women. I am a hoarder of

884
00:40:47,360 --> 00:40:51,000
Speaker 1: cash even now. I mean I invest, but I'm scared.

885
00:40:51,320 --> 00:40:52,960
Speaker 1: Part of the reason why. Like, if you go to

886
00:40:53,239 --> 00:40:57,440
Speaker 1: any middle school and you see teachers asking questions, the

887
00:40:57,520 --> 00:41:00,279
Speaker 1: boys hands are gonna shoot up and they are only

888
00:41:00,560 --> 00:41:03,759
Speaker 1: kind of sure that they know the answer. Girls are like, Okay,

889
00:41:03,800 --> 00:41:06,880
Speaker 1: I studied last night, I did the homework, you know,

890
00:41:07,000 --> 00:41:10,040
Speaker 1: I read the book, I did everything. I'm not sure.

891
00:41:10,600 --> 00:41:14,680
Speaker 1: Women don't like to act unless they're absolutely sure, you know.

892
00:41:14,840 --> 00:41:17,240
Speaker 1: I feel like boys, I don't know whether it's nature

893
00:41:17,400 --> 00:41:20,960
Speaker 1: versus nurture, really go for it and they figure it

894
00:41:21,000 --> 00:41:23,480
Speaker 1: out later, which is such a great trait. And I

895
00:41:23,600 --> 00:41:25,760
Speaker 1: feel like that's something we want to teach our girls

896
00:41:26,120 --> 00:41:27,520
Speaker 1: that I don't know if you guys have girls, but

897
00:41:30,080 --> 00:41:32,239
Speaker 1: and so you'll finally like, you know, sometimes it's not

898
00:41:33,000 --> 00:41:36,880
Speaker 1: polite for girls to be bold, and it's not feminine

899
00:41:36,960 --> 00:41:39,960
Speaker 1: for girls to like be first to answer, you know,

900
00:41:40,520 --> 00:41:43,080
Speaker 1: And so girls are taught to be good and and

901
00:41:43,200 --> 00:41:45,759
Speaker 1: I feel like boys are taught to be great if

902
00:41:45,800 --> 00:41:47,080
Speaker 1: you know what I mean. You know what I mean.

903
00:41:47,200 --> 00:41:50,080
Speaker 1: Like she's a good little girl. You know, you're quiet,

904
00:41:50,160 --> 00:41:52,960
Speaker 1: you're sweet, You're you're like take up as little space

905
00:41:53,040 --> 00:41:56,800
Speaker 1: as possible. That's girls be over accommodating, super sweet. And

906
00:41:57,280 --> 00:42:01,440
Speaker 1: I just think that it runs into women being afraid

907
00:42:01,520 --> 00:42:04,120
Speaker 1: to be assertive. I think there's a stat that shows

908
00:42:04,200 --> 00:42:07,319
Speaker 1: something to the effect that women like seventy or more

909
00:42:07,400 --> 00:42:10,800
Speaker 1: women don't negotiate when it comes to their salary. And

910
00:42:11,000 --> 00:42:12,719
Speaker 1: we all know now that if you don't negotiate your

911
00:42:12,760 --> 00:42:15,560
Speaker 1: salary and the next job you go to ask for

912
00:42:15,600 --> 00:42:19,000
Speaker 1: what your salary was, you stunt your growth. So if

913
00:42:19,040 --> 00:42:23,000
Speaker 1: your counterpartner gostate and negotiates fifty and you get thirty five,

914
00:42:23,719 --> 00:42:26,560
Speaker 1: then that the next job he might get seventy and

915
00:42:26,640 --> 00:42:29,600
Speaker 1: you'll get fifty and then be you like it's it's

916
00:42:29,680 --> 00:42:32,680
Speaker 1: just like effect over time that you're going to make

917
00:42:32,800 --> 00:42:35,480
Speaker 1: less over time as a result of like not standing

918
00:42:35,560 --> 00:42:38,400
Speaker 1: up for yourself. So, yeah, women are afraid to invest

919
00:42:39,040 --> 00:42:42,319
Speaker 1: because honest quite honestly, they're unsure. So I think there

920
00:42:42,400 --> 00:42:45,520
Speaker 1: needs to be more conversation spoken directly to women when

921
00:42:45,600 --> 00:42:49,120
Speaker 1: it comes to um investing. Oh yeah, absolutely, I mean,

922
00:42:49,160 --> 00:42:51,400
Speaker 1: And it's and as father's of of daughters, right, like

923
00:42:51,440 --> 00:42:53,200
Speaker 1: I mean, I know, Joel and I one of our

924
00:42:53,280 --> 00:42:55,200
Speaker 1: goals is certainly to raise our girls to be to

925
00:42:55,320 --> 00:42:57,359
Speaker 1: be bold and to you know, to go out there

926
00:42:57,400 --> 00:42:59,839
Speaker 1: and to and to be great. Right, I also love

927
00:42:59,880 --> 00:43:01,800
Speaker 1: to that you mentioned how so much of what you

928
00:43:01,920 --> 00:43:04,560
Speaker 1: teach and what's in your Live rich Or Challenge is

929
00:43:04,960 --> 00:43:08,640
Speaker 1: tackling that mindset of how you view and how you

930
00:43:08,719 --> 00:43:11,680
Speaker 1: approach money. It just shows how important that is to

931
00:43:11,920 --> 00:43:14,279
Speaker 1: just it's not about knowing the right things to do

932
00:43:14,400 --> 00:43:17,040
Speaker 1: in the tips and the tactics, right, but it's adjusting

933
00:43:17,160 --> 00:43:21,000
Speaker 1: how it is that you frame your view of money altogether.

934
00:43:21,120 --> 00:43:22,920
Speaker 1: And I think that's so great that you spend so

935
00:43:23,000 --> 00:43:25,480
Speaker 1: much time on that. On that note, though, one of

936
00:43:25,520 --> 00:43:27,960
Speaker 1: the actual tips and tactics, you know, we need to

937
00:43:28,000 --> 00:43:30,160
Speaker 1: talk about your namesake. We need to talk about budgets.

938
00:43:30,440 --> 00:43:32,480
Speaker 1: Full disclosure. Joel and I we've talked about this before,

939
00:43:32,640 --> 00:43:36,920
Speaker 1: but I tend to budget every cent. I'm very much

940
00:43:36,960 --> 00:43:39,520
Speaker 1: a numbers guy, whereas Joel he has more of a

941
00:43:39,640 --> 00:43:41,840
Speaker 1: general idea of his spending. You know, we each have

942
00:43:41,960 --> 00:43:44,480
Speaker 1: our our own take on it. In your opinion, why

943
00:43:44,640 --> 00:43:48,000
Speaker 1: our budgets such an important aspect of you know, what

944
00:43:48,120 --> 00:43:50,759
Speaker 1: you teach of the Live rich Or Challenge, Well, the

945
00:43:50,800 --> 00:43:53,840
Speaker 1: budgets are your financial foundation. It is the foundation that

946
00:43:53,960 --> 00:43:56,560
Speaker 1: you're going to build the rest of your financial house

947
00:43:56,680 --> 00:43:59,600
Speaker 1: on and you can grow great wealth. But if there

948
00:43:59,800 --> 00:44:03,520
Speaker 1: is not some sort of budget in place, then it's

949
00:44:04,000 --> 00:44:06,160
Speaker 1: it's gonna be very easy for that wealth to leave you.

950
00:44:06,280 --> 00:44:09,200
Speaker 1: We've we've known of so many folks if you know, you,

951
00:44:09,440 --> 00:44:12,680
Speaker 1: you read, you watch on TV people that want money

952
00:44:12,719 --> 00:44:16,239
Speaker 1: through the lottery or athletes. But with a budget, you

953
00:44:16,320 --> 00:44:19,400
Speaker 1: get to see that a budget is a physical picture

954
00:44:19,440 --> 00:44:21,680
Speaker 1: of what your money is doing. A budget tells you

955
00:44:22,600 --> 00:44:25,560
Speaker 1: your money is going here, your money is not going here,

956
00:44:25,640 --> 00:44:27,720
Speaker 1: your money is growing or isn't growing up. A budget

957
00:44:27,840 --> 00:44:31,120
Speaker 1: is just a clear understanding of what's happening. And if

958
00:44:31,160 --> 00:44:32,799
Speaker 1: you don't like the picture with the budget, you can

959
00:44:32,920 --> 00:44:35,360
Speaker 1: always change it. And so that's why I'm so passionate.

960
00:44:35,719 --> 00:44:38,000
Speaker 1: If you start with the budget, then it helps to

961
00:44:38,200 --> 00:44:40,640
Speaker 1: really answer a lot of those other questions that people

962
00:44:40,680 --> 00:44:44,040
Speaker 1: typically ask. Well. So for a lot of people, budget

963
00:44:44,160 --> 00:44:46,160
Speaker 1: feels more like a four letter word and they just

964
00:44:46,280 --> 00:44:49,040
Speaker 1: completely avoid it, like the plague. So let let's say

965
00:44:49,080 --> 00:44:51,200
Speaker 1: there there. I know there are people out there listening

966
00:44:51,640 --> 00:44:53,920
Speaker 1: that have never created a budget because it is just

967
00:44:54,000 --> 00:44:57,560
Speaker 1: such a freaky thing to begin. So for people like that, what,

968
00:44:57,880 --> 00:44:59,600
Speaker 1: in your opinion, what's the easiest way to kind of

969
00:44:59,600 --> 00:45:01,759
Speaker 1: get start they actually make it happen and kind of

970
00:45:01,800 --> 00:45:05,200
Speaker 1: get over that fear. So if you're someone like like me,

971
00:45:05,400 --> 00:45:07,120
Speaker 1: I'm I forget who said it was a matter Joal

972
00:45:07,160 --> 00:45:11,719
Speaker 1: who said you're the supernumbers person. That's me Like, I'm

973
00:45:11,760 --> 00:45:14,120
Speaker 1: like my penny went here, where's my big goal? But

974
00:45:14,239 --> 00:45:16,280
Speaker 1: if you're someone who is not like that, which typically

975
00:45:16,320 --> 00:45:19,680
Speaker 1: most people are not, then even you can start with

976
00:45:19,840 --> 00:45:22,600
Speaker 1: some kind of like pre work until till you actually

977
00:45:22,680 --> 00:45:24,600
Speaker 1: physically write that. Because you have to write down a budget,

978
00:45:24,600 --> 00:45:26,560
Speaker 1: you have to physically see it, whether it's an Excel

979
00:45:26,600 --> 00:45:30,200
Speaker 1: spreadsheet or whatever. But some pre work is this open up.

980
00:45:30,239 --> 00:45:32,800
Speaker 1: At the very least, almost everyone has a regular checking account.

981
00:45:32,840 --> 00:45:36,520
Speaker 1: It's attached to your your debit card. At the very least,

982
00:45:36,600 --> 00:45:39,120
Speaker 1: start and open up a second checking account at that

983
00:45:39,280 --> 00:45:42,800
Speaker 1: same bank and call it your bill's account. And to start,

984
00:45:43,320 --> 00:45:45,239
Speaker 1: just tell yourself. And you can actually go to your

985
00:45:45,320 --> 00:45:47,880
Speaker 1: your your place of employment and ask if they allow

986
00:45:47,960 --> 00:45:50,800
Speaker 1: you to split your paycheck. Most places will let you

987
00:45:50,840 --> 00:45:53,160
Speaker 1: split a few times, but some, if it's a small company,

988
00:45:53,200 --> 00:45:56,520
Speaker 1: will not. But if you're able, then you can start

989
00:45:56,880 --> 00:45:58,719
Speaker 1: by kind of working the budget before you even do

990
00:45:58,800 --> 00:46:01,520
Speaker 1: the math, before you do a hard math anyway, and

991
00:46:01,680 --> 00:46:03,920
Speaker 1: you say like, okay, I know my bills cost me,

992
00:46:04,200 --> 00:46:06,440
Speaker 1: say like just for math, sick a thousand dollars a

993
00:46:06,520 --> 00:46:08,800
Speaker 1: month and I make two thousand dollars a month, So

994
00:46:08,920 --> 00:46:12,239
Speaker 1: that means every pay period, I'm going to have five

995
00:46:12,400 --> 00:46:14,719
Speaker 1: hundred of the money that I received go into my

996
00:46:14,760 --> 00:46:18,440
Speaker 1: bill's account. But that will do it will automatically separate

997
00:46:18,480 --> 00:46:20,600
Speaker 1: your bill money from the rest of your money. So

998
00:46:20,760 --> 00:46:22,680
Speaker 1: that's great because what that means is you're not gonna

999
00:46:22,680 --> 00:46:24,799
Speaker 1: get a debt a card with that checking account. They're

1000
00:46:24,800 --> 00:46:27,160
Speaker 1: gonna ask, you're gonna say no, and then you're gonna

1001
00:46:27,280 --> 00:46:31,520
Speaker 1: set up automatic transfers from that that bank account. I

1002
00:46:31,640 --> 00:46:33,520
Speaker 1: like to transfer out. I don't like people to come

1003
00:46:33,560 --> 00:46:35,960
Speaker 1: in because sometimes they take too much by mistake. So

1004
00:46:36,080 --> 00:46:38,640
Speaker 1: I like to transfer out, like pay my markets out,

1005
00:46:38,719 --> 00:46:40,880
Speaker 1: pay my car note out. I get to control on

1006
00:46:40,960 --> 00:46:42,560
Speaker 1: my end. And if you're worried that you might not

1007
00:46:42,640 --> 00:46:44,759
Speaker 1: always have the money, they just set aside a day

1008
00:46:44,760 --> 00:46:47,520
Speaker 1: of the week, Saturday. Every other Saturday, you're gonna make

1009
00:46:47,560 --> 00:46:51,560
Speaker 1: transfers to to pay your bills. So that's one. Then

1010
00:46:51,640 --> 00:46:54,560
Speaker 1: you should open up an online only savings account. I

1011
00:46:55,040 --> 00:46:58,520
Speaker 1: I truly believe in saving your money and a place

1012
00:46:58,600 --> 00:47:02,080
Speaker 1: that makes it inconvenient so you're to checking accounts are

1013
00:47:02,200 --> 00:47:06,200
Speaker 1: at your brick and mortar regular bank for convenience, but

1014
00:47:06,360 --> 00:47:09,160
Speaker 1: your savings for for the large part, should be at

1015
00:47:09,200 --> 00:47:12,160
Speaker 1: an online only bank. And then what happens is you

1016
00:47:12,239 --> 00:47:14,840
Speaker 1: link your online only savings account to your checking account,

1017
00:47:15,520 --> 00:47:17,680
Speaker 1: the one with your debit card, or you can even

1018
00:47:17,719 --> 00:47:19,040
Speaker 1: go to your job and say, I want you to

1019
00:47:19,160 --> 00:47:21,440
Speaker 1: but my my check three ways. When my money comes in,

1020
00:47:21,920 --> 00:47:24,800
Speaker 1: I want some to come to my regular checking account,

1021
00:47:25,320 --> 00:47:27,120
Speaker 1: I want my five hundred dollars to go to my

1022
00:47:27,160 --> 00:47:29,720
Speaker 1: bill's account, and I want whatever it is two hundred,

1023
00:47:29,800 --> 00:47:32,719
Speaker 1: a hundred, whatever dollars fifty bucks to go into my

1024
00:47:32,760 --> 00:47:35,960
Speaker 1: savings account. If they won't split it, make the transfer yourself.

1025
00:47:36,280 --> 00:47:38,080
Speaker 1: And what's so great about an online only bank is

1026
00:47:38,120 --> 00:47:40,239
Speaker 1: that one you're gonna be paid out a higher interest rate.

1027
00:47:40,239 --> 00:47:42,000
Speaker 1: Because a brick and mortar bank is right now they're

1028
00:47:42,000 --> 00:47:44,439
Speaker 1: paying like point zero zero one percent like a piece

1029
00:47:44,480 --> 00:47:46,640
Speaker 1: of piece of a penny, and online only banks are

1030
00:47:46,640 --> 00:47:49,360
Speaker 1: now averaging about two to two and some change, so

1031
00:47:49,400 --> 00:47:52,000
Speaker 1: at least two pennies, So you're gonna earn more money

1032
00:47:52,080 --> 00:47:55,080
Speaker 1: on your savings and in order for you to get

1033
00:47:55,120 --> 00:47:58,160
Speaker 1: your money back to spend, you have to make a

1034
00:47:58,400 --> 00:48:01,719
Speaker 1: choice ahead of time because you have to transform from

1035
00:48:01,760 --> 00:48:04,640
Speaker 1: your online only bank to your physical brick and mortar

1036
00:48:04,680 --> 00:48:07,640
Speaker 1: bank in order for you to have access to your money.

1037
00:48:07,680 --> 00:48:08,960
Speaker 1: And what's so great because you're not going to open

1038
00:48:09,040 --> 00:48:11,000
Speaker 1: up a checking account at your online only bank, and

1039
00:48:11,080 --> 00:48:13,799
Speaker 1: that's a minimum a twenty four our weight, so there's

1040
00:48:13,920 --> 00:48:16,640
Speaker 1: gonna be no more impulse spending with your savings. You're

1041
00:48:16,680 --> 00:48:19,360
Speaker 1: gonna be forced to save. So if you don't know

1042
00:48:19,440 --> 00:48:21,279
Speaker 1: how to budget at all, if you just do that

1043
00:48:21,480 --> 00:48:26,040
Speaker 1: to start, set aside, build money, set aside savings, automate

1044
00:48:26,080 --> 00:48:28,480
Speaker 1: those transfers, then it will at least lock you in

1045
00:48:28,560 --> 00:48:31,520
Speaker 1: because what's gonna be left in the checking account account

1046
00:48:31,680 --> 00:48:34,120
Speaker 1: tied to your debit card is really gonna be your

1047
00:48:34,160 --> 00:48:37,080
Speaker 1: spending money. So you can't spend your bill money, you

1048
00:48:37,120 --> 00:48:38,839
Speaker 1: don't have a debit card with that, you can't spend

1049
00:48:38,880 --> 00:48:41,480
Speaker 1: your savings. Your savings is is locked away and it's

1050
00:48:41,520 --> 00:48:44,040
Speaker 1: online only bank, so what's left is what you're allowed

1051
00:48:44,080 --> 00:48:46,520
Speaker 1: to spend money with. And then once you get get

1052
00:48:46,600 --> 00:48:49,880
Speaker 1: over kind of like that hump of like that budgeting

1053
00:48:49,920 --> 00:48:52,279
Speaker 1: and that that's like the loosest way to budget, then

1054
00:48:52,320 --> 00:48:53,959
Speaker 1: you can start really doing the math and just making

1055
00:48:53,960 --> 00:48:56,480
Speaker 1: a list of all of your expenses and what they

1056
00:48:56,560 --> 00:48:59,040
Speaker 1: cost you monthly, and that same thing I did when

1057
00:48:59,080 --> 00:49:02,320
Speaker 1: I was eleven winning the bike subtracted from my monthly

1058
00:49:02,400 --> 00:49:04,839
Speaker 1: take home pay and seeing like where do you stand

1059
00:49:04,920 --> 00:49:07,279
Speaker 1: and then making making choices from there. But I don't

1060
00:49:07,320 --> 00:49:10,040
Speaker 1: look at my budget as a no. My budgets might

1061
00:49:10,040 --> 00:49:12,760
Speaker 1: say yes, plan, and so if you look at it differently,

1062
00:49:13,040 --> 00:49:15,799
Speaker 1: it treats you differently. I say, hey, budget, I want

1063
00:49:15,840 --> 00:49:17,480
Speaker 1: to go on vacation. I've not been on vacation a

1064
00:49:17,520 --> 00:49:21,120
Speaker 1: long time. I would really love to go to Italy.

1065
00:49:21,480 --> 00:49:24,080
Speaker 1: And I saw a group on for Italy for eight

1066
00:49:24,200 --> 00:49:27,440
Speaker 1: hundred dollars, So my budget say yes, come on, budget,

1067
00:49:27,600 --> 00:49:30,040
Speaker 1: come on. I look, and I'm like, how can I

1068
00:49:30,040 --> 00:49:31,959
Speaker 1: say eight hundred dollars in the next six months? Okay?

1069
00:49:32,239 --> 00:49:36,480
Speaker 1: Eight hundred divided by six is? I'm not really good

1070
00:49:36,480 --> 00:49:38,000
Speaker 1: at math? On top of my head? Was that eight

1071
00:49:38,080 --> 00:49:41,960
Speaker 1: hundred I'm doing? I'm like something like like one thirty, right,

1072
00:49:42,160 --> 00:49:44,520
Speaker 1: so a hundred thirty dollars? What could I do budget

1073
00:49:44,640 --> 00:49:47,080
Speaker 1: to save a hundred thirty dollars a months specifically for vacation?

1074
00:49:47,600 --> 00:49:49,360
Speaker 1: Do you really need this cable? Tymphany. I mean you

1075
00:49:49,440 --> 00:49:52,040
Speaker 1: have not watched TV and months because you're busy. Your

1076
00:49:52,120 --> 00:49:55,600
Speaker 1: cables cost you two hundred. It doesn't have to be forever. Okay,

1077
00:49:55,719 --> 00:49:57,839
Speaker 1: cut in the cable. So now I can save two

1078
00:49:57,920 --> 00:50:00,600
Speaker 1: hundred dollars a month six months to Italy. And if

1079
00:50:00,600 --> 00:50:02,080
Speaker 1: I want to turn a cable back on, great and

1080
00:50:02,120 --> 00:50:04,640
Speaker 1: if not, I can, you know, sign up for Netflix

1081
00:50:04,719 --> 00:50:07,080
Speaker 1: or Hulu or whatever. But do you see you can

1082
00:50:07,160 --> 00:50:09,680
Speaker 1: get your budget to say yes. Like I said, I

1083
00:50:09,719 --> 00:50:12,759
Speaker 1: don't look at my budget as restrictive. My budget is

1084
00:50:12,840 --> 00:50:15,719
Speaker 1: there to accommodate me and to tell me yes if

1085
00:50:15,760 --> 00:50:19,200
Speaker 1: I'm willing to make a different choice. So I don't

1086
00:50:19,280 --> 00:50:23,239
Speaker 1: feel like I'm saying uh no to cable. Instead, I'm

1087
00:50:23,280 --> 00:50:26,080
Speaker 1: saying yes to Italy. I'm not saying no to brunch.

1088
00:50:26,360 --> 00:50:28,600
Speaker 1: I'm saying yes to Paris. And so you have to

1089
00:50:28,680 --> 00:50:31,239
Speaker 1: decide what's your Italy, what's your Paris. It's there's no

1090
00:50:31,480 --> 00:50:33,799
Speaker 1: there's no judgment on like what you want to say

1091
00:50:33,920 --> 00:50:36,400
Speaker 1: yes to, but it's okay to say no to things

1092
00:50:36,440 --> 00:50:37,880
Speaker 1: that are not that important to you, so you can

1093
00:50:37,920 --> 00:50:40,840
Speaker 1: say yes to the things that you truly truly desire. Man, Tiffany,

1094
00:50:41,040 --> 00:50:43,080
Speaker 1: I completely agree like. That's one of the ways that

1095
00:50:43,640 --> 00:50:44,840
Speaker 1: my wife and I were able to get on the

1096
00:50:44,880 --> 00:50:47,359
Speaker 1: same page when it came to budgeting as a as

1097
00:50:47,400 --> 00:50:50,799
Speaker 1: a newly wet couple. Was identifying that this is money

1098
00:50:50,920 --> 00:50:53,280
Speaker 1: that we're agreeing to spend. We're just doing it ahead

1099
00:50:53,280 --> 00:50:56,160
Speaker 1: of time. We're doing it proactively with intention just like

1100
00:50:56,280 --> 00:50:59,000
Speaker 1: you said, we're intentionally spending our money versus just letting

1101
00:50:59,080 --> 00:51:02,040
Speaker 1: our whims sort of dictate where our money goes. So

1102
00:51:02,440 --> 00:51:04,759
Speaker 1: I'm a big fan of that. Man. This has just

1103
00:51:04,800 --> 00:51:07,920
Speaker 1: been an awesome conversation, Tiffany. We really appreciate you sharing

1104
00:51:07,960 --> 00:51:10,000
Speaker 1: your story with us, kind of talking about all that

1105
00:51:10,320 --> 00:51:12,320
Speaker 1: you've got going on now with budget needs to For

1106
00:51:12,360 --> 00:51:14,440
Speaker 1: folks that want to learn more about you, you know,

1107
00:51:14,480 --> 00:51:17,319
Speaker 1: where could they find you? I am the budget needs

1108
00:51:17,320 --> 00:51:20,200
Speaker 1: to everywhere? Um, I am the budget needsa dot com

1109
00:51:20,360 --> 00:51:23,800
Speaker 1: on the budget needst on Instagram, on Twitter, on Facebook, YouTube,

1110
00:51:24,360 --> 00:51:26,040
Speaker 1: um everywhere you can think of. And if you're just

1111
00:51:26,160 --> 00:51:29,080
Speaker 1: needing help, because like I said, for me, it's service first, people,

1112
00:51:29,200 --> 00:51:32,719
Speaker 1: purpose then profit, And so if you're just needing help,

1113
00:51:32,760 --> 00:51:34,120
Speaker 1: if you go to the budget needs to dot com,

1114
00:51:34,200 --> 00:51:37,360
Speaker 1: well you can really just go to Live Richer Challenge

1115
00:51:37,440 --> 00:51:40,319
Speaker 1: dot com and that's where all those free challenges are.

1116
00:51:40,360 --> 00:51:42,719
Speaker 1: There about a month long course I walk you through,

1117
00:51:42,760 --> 00:51:46,200
Speaker 1: step by step through whatever your your your challenges are.

1118
00:51:46,719 --> 00:51:48,680
Speaker 1: It is my goal that they're always free, that they'll

1119
00:51:48,840 --> 00:51:51,160
Speaker 1: never cost anything. It's it's just my gift to folks

1120
00:51:51,200 --> 00:51:53,200
Speaker 1: that are willing to do the work. All you have

1121
00:51:53,239 --> 00:51:55,000
Speaker 1: to do is to know how to add, subtract, read,

1122
00:51:55,040 --> 00:51:57,000
Speaker 1: and right, and I give you all the other tools

1123
00:51:57,040 --> 00:51:59,480
Speaker 1: that you don't need. So I really truly love helping

1124
00:51:59,520 --> 00:52:01,760
Speaker 1: folks so and love to help you on your journey

1125
00:52:01,760 --> 00:52:04,360
Speaker 1: as well. Thanks Tiffany, this was such a fun conversation.

1126
00:52:04,400 --> 00:52:07,560
Speaker 1: We really appreciate you joining us. All right, man, I

1127
00:52:07,640 --> 00:52:10,520
Speaker 1: really enjoyed that conversation with Tiffany. Man. What an energetic

1128
00:52:10,600 --> 00:52:13,840
Speaker 1: personality with just so much love for people and to

1129
00:52:14,160 --> 00:52:16,160
Speaker 1: see them do better with their money. I feel like

1130
00:52:16,200 --> 00:52:17,839
Speaker 1: there were a lot of great things we can take

1131
00:52:17,840 --> 00:52:20,480
Speaker 1: away from this conversation. But what was your big takeaway

1132
00:52:20,520 --> 00:52:22,400
Speaker 1: from it? Yeah? Man, for me, it's got to be

1133
00:52:22,600 --> 00:52:25,960
Speaker 1: money accountability. At the very beginning of our conversation with Tiffany,

1134
00:52:26,040 --> 00:52:29,000
Speaker 1: she talked about how her dad provided that accountability. He

1135
00:52:29,040 --> 00:52:30,640
Speaker 1: made her sit down, he made her look at all

1136
00:52:30,640 --> 00:52:33,319
Speaker 1: the money that she was saving but spending as well,

1137
00:52:33,680 --> 00:52:36,200
Speaker 1: And to us, that's what budgets are for us today.

1138
00:52:36,520 --> 00:52:38,320
Speaker 1: It's a way for us to modify our behavior, to

1139
00:52:38,360 --> 00:52:40,560
Speaker 1: control our spending so that at the end of the day,

1140
00:52:40,600 --> 00:52:42,719
Speaker 1: we not only know where our money is going, but

1141
00:52:42,800 --> 00:52:44,839
Speaker 1: that we're happy with where our money is going because

1142
00:52:44,840 --> 00:52:47,640
Speaker 1: we have intentionally decided where we're going to spend it. So, yeah,

1143
00:52:47,640 --> 00:52:50,360
Speaker 1: we've got an interview with budgets. To no surprise for me,

1144
00:52:50,520 --> 00:52:54,000
Speaker 1: it's budgets. Yeah. I think my big takeaway from this

1145
00:52:54,080 --> 00:52:57,360
Speaker 1: episode was long term thinking when it comes to purchases,

1146
00:52:57,719 --> 00:53:00,719
Speaker 1: and tiffany story about choosing a bike resonated with me.

1147
00:53:00,800 --> 00:53:02,080
Speaker 1: That makes a lot of sense. I try to do

1148
00:53:02,200 --> 00:53:04,359
Speaker 1: my best to to put those shoes on every time

1149
00:53:04,400 --> 00:53:06,880
Speaker 1: I'm thinking through a purchase. How long am I going

1150
00:53:06,920 --> 00:53:09,480
Speaker 1: to actually use the item that I'm buying? Is this

1151
00:53:09,600 --> 00:53:12,160
Speaker 1: something that is only gonna be useful for a short

1152
00:53:12,200 --> 00:53:14,600
Speaker 1: period of time? Like let's say I'm going on a

1153
00:53:14,680 --> 00:53:17,560
Speaker 1: camping trip and I almost never go on camping trips.

1154
00:53:17,719 --> 00:53:20,080
Speaker 1: Would I decide to buy a new tent and buy

1155
00:53:20,080 --> 00:53:22,040
Speaker 1: a sleeping bag and all these things, or would I

1156
00:53:22,120 --> 00:53:23,600
Speaker 1: find a way to try to borrow them or to

1157
00:53:23,680 --> 00:53:25,879
Speaker 1: try to maximize the value I can get out of something.

1158
00:53:26,120 --> 00:53:28,000
Speaker 1: And I think a lot of times we're really shortsighted

1159
00:53:28,040 --> 00:53:30,200
Speaker 1: in our purchases, and and hearing the story about the

1160
00:53:30,239 --> 00:53:32,920
Speaker 1: bike just reminds me to be super thoughtful about the

1161
00:53:33,000 --> 00:53:36,040
Speaker 1: purchases I make and make sure that when I commit

1162
00:53:36,200 --> 00:53:38,600
Speaker 1: a decent bit of money to something that it's going

1163
00:53:38,680 --> 00:53:40,600
Speaker 1: to be useful to me for for quite a bit

1164
00:53:40,600 --> 00:53:42,799
Speaker 1: of time. So yeah, that was my big takeaway. Nice man.

1165
00:53:42,880 --> 00:53:44,880
Speaker 1: Let's take it back to the beer. This episode, we

1166
00:53:45,000 --> 00:53:48,120
Speaker 1: had Tell You Ride Mountain beer, which is a colch

1167
00:53:48,400 --> 00:53:52,080
Speaker 1: and no surprise, it's brewed by Tell You Ride Brewing Company. Joel.

1168
00:53:52,080 --> 00:53:54,600
Speaker 1: What were your thoughts on this beer? Yeah, man, I

1169
00:53:54,840 --> 00:53:57,400
Speaker 1: don't drink colch is very often, so the flavors in

1170
00:53:57,440 --> 00:53:59,840
Speaker 1: the colch are not something I experienced very often. This

1171
00:54:00,160 --> 00:54:02,800
Speaker 1: was super clean, It was crisp. It was kind of refreshing.

1172
00:54:03,160 --> 00:54:05,120
Speaker 1: What they say about beers like this is that you

1173
00:54:05,160 --> 00:54:08,520
Speaker 1: can tell when something is off pretty easily. There aren't

1174
00:54:08,560 --> 00:54:11,000
Speaker 1: massive hops or adjuncts to be added to it that

1175
00:54:11,080 --> 00:54:13,880
Speaker 1: can kind of cover up a bad brewing process, and

1176
00:54:14,160 --> 00:54:16,239
Speaker 1: you can tell that this beer is just brewed really well,

1177
00:54:16,480 --> 00:54:18,440
Speaker 1: it's very clean and I thought it was delicious. Man.

1178
00:54:18,480 --> 00:54:20,200
Speaker 1: It kind of makes me want to start drinking nicolesh

1179
00:54:20,200 --> 00:54:22,120
Speaker 1: every now and again. And by the way, listener Alex,

1180
00:54:22,160 --> 00:54:23,759
Speaker 1: who works for the brewery, sent this one our way.

1181
00:54:23,800 --> 00:54:26,400
Speaker 1: Big thanks to him. He calls himself the head fishing

1182
00:54:26,440 --> 00:54:28,120
Speaker 1: guide at the brewery, which I love. I love that's

1183
00:54:28,160 --> 00:54:30,959
Speaker 1: this title. Nice is that because he loves to fish?

1184
00:54:31,320 --> 00:54:33,120
Speaker 1: He does, he does. We emailed back and forth a

1185
00:54:33,160 --> 00:54:35,520
Speaker 1: little bit and yeah, he loves to fish. Yeah, thanks again, Alex.

1186
00:54:35,560 --> 00:54:37,839
Speaker 1: We really appreciate this, you know, Joel, I totally agree

1187
00:54:37,840 --> 00:54:39,839
Speaker 1: with you. We don't drink the style often we're big

1188
00:54:39,880 --> 00:54:41,920
Speaker 1: fans of I p a s. But more often than not, man,

1189
00:54:41,960 --> 00:54:44,279
Speaker 1: we are gravitating towards the style. They're just so easy

1190
00:54:44,360 --> 00:54:46,280
Speaker 1: to drink. And I would say this is a perfect

1191
00:54:46,400 --> 00:54:49,040
Speaker 1: interview beer. It doesn't distract from the conversation. It is

1192
00:54:49,080 --> 00:54:51,440
Speaker 1: something that we can enjoy nicely there in the background

1193
00:54:51,440 --> 00:54:53,480
Speaker 1: while we're having a great conversation with our new friend

1194
00:54:53,520 --> 00:54:56,759
Speaker 1: Tiffany the Budgetonnista. Yep. Good times all right, folks. So

1195
00:54:56,880 --> 00:54:59,360
Speaker 1: if you want the show notes for this episode, you

1196
00:54:59,480 --> 00:55:01,880
Speaker 1: can goes out on our website. How to Money dot

1197
00:55:01,920 --> 00:55:04,160
Speaker 1: com chedule. That's right, So that's gonna be it for

1198
00:55:04,239 --> 00:55:08,200
Speaker 1: this episode. Man, until next time, Yes, friends, House Friends Out.