1 00:00:00,160 --> 00:00:04,360 Speaker 1: Happy, Happy holidays, Brown Ambition Fam, it's mandra here. As 2 00:00:04,400 --> 00:00:06,880 Speaker 1: you guys know, tiff and I are taking a little 3 00:00:06,920 --> 00:00:09,200 Speaker 1: break before the new year, but we've still got you 4 00:00:09,320 --> 00:00:12,000 Speaker 1: covered with some of our favorite Brown Ambition moments from 5 00:00:12,000 --> 00:00:15,360 Speaker 1: twenty twenty one. All Throughout this month, we're looking back 6 00:00:15,360 --> 00:00:20,080 Speaker 1: at memorable conversations and breaking down the most important lessons 7 00:00:20,120 --> 00:00:22,880 Speaker 1: we've learned this year. We can't thank you enough for 8 00:00:22,920 --> 00:00:26,080 Speaker 1: sticking by us in what has become one of our 9 00:00:26,160 --> 00:00:30,320 Speaker 1: biggest years for the show ever. So many amazing memories 10 00:00:30,360 --> 00:00:32,720 Speaker 1: from this year and I cannot wait to revisit some 11 00:00:32,800 --> 00:00:35,960 Speaker 1: of them with all of you. Guys. Are beloved BA fam, 12 00:00:36,320 --> 00:00:40,160 Speaker 1: Wishing you and yours a beautiful holiday season, and thank 13 00:00:40,200 --> 00:00:43,800 Speaker 1: you again for all the support. All right, First up 14 00:00:43,960 --> 00:00:49,000 Speaker 1: is a candid conversation with my very own financial planner, Helen. No, 15 00:00:49,600 --> 00:00:52,320 Speaker 1: you guys know, I have been working with Helen for 16 00:00:52,640 --> 00:00:56,480 Speaker 1: five or six years now. It was Helen who helped 17 00:00:56,520 --> 00:00:59,640 Speaker 1: me realize that I was financially capable of taking my 18 00:00:59,680 --> 00:01:03,000 Speaker 1: business to the next level, and I knew Helen was 19 00:01:03,000 --> 00:01:05,600 Speaker 1: the right person to invite on the show when Tiffany 20 00:01:05,640 --> 00:01:08,200 Speaker 1: and I wanted to tackle the idea of how to 21 00:01:08,240 --> 00:01:12,400 Speaker 1: financially prepare our kids to live a much more secure 22 00:01:12,640 --> 00:01:16,800 Speaker 1: and happy life financially than we ever did. This show 23 00:01:16,920 --> 00:01:21,200 Speaker 1: actually sparks some controversy, especially around the notion of whether 24 00:01:21,319 --> 00:01:25,520 Speaker 1: or not our children should struggle financially the same way 25 00:01:25,560 --> 00:01:29,280 Speaker 1: that we had to in order to learn important life lessons, 26 00:01:29,840 --> 00:01:33,240 Speaker 1: like the fact that in order to find financial security, 27 00:01:33,520 --> 00:01:36,320 Speaker 1: you've really got to do the work yourself to earn 28 00:01:36,360 --> 00:01:39,640 Speaker 1: a solid income, learn how to budget, learn how to 29 00:01:39,680 --> 00:01:42,880 Speaker 1: build your credit, all that good stuff. We heard from 30 00:01:42,920 --> 00:01:45,720 Speaker 1: some listeners who thought we were being a little too 31 00:01:45,760 --> 00:01:49,680 Speaker 1: tough and who pushed back on the notion that kids 32 00:01:49,720 --> 00:01:54,560 Speaker 1: today should struggle at all, because ultimately, why should our children, 33 00:01:54,640 --> 00:01:57,520 Speaker 1: who we are here to love and protect, have to 34 00:01:57,640 --> 00:02:02,640 Speaker 1: suffer for some kind of convoluted idea that from suffering 35 00:02:03,080 --> 00:02:08,080 Speaker 1: comes greatness or from suffering comes preparedness for the world ahead. 36 00:02:08,639 --> 00:02:11,799 Speaker 1: To be honest, I thought long and hard about y'all's feedback, 37 00:02:12,120 --> 00:02:15,800 Speaker 1: and I can absolutely understand why you've responded to this 38 00:02:15,840 --> 00:02:19,000 Speaker 1: show the way that you did. That being said, I 39 00:02:19,040 --> 00:02:22,040 Speaker 1: think in this conversation we still touch on so many 40 00:02:22,080 --> 00:02:25,560 Speaker 1: helpful tips and strategies for parents out there wanting to 41 00:02:25,639 --> 00:02:28,360 Speaker 1: know how do I make sure that my kid is 42 00:02:28,400 --> 00:02:31,240 Speaker 1: set up for a wonderful financial future and what are 43 00:02:31,240 --> 00:02:33,640 Speaker 1: the steps I can do today to make that happen. 44 00:02:34,160 --> 00:02:37,720 Speaker 1: Without further ado, here's a look back at our episode 45 00:02:37,760 --> 00:02:41,000 Speaker 1: with My financial planner Helen No, where we talk about 46 00:02:41,080 --> 00:02:58,640 Speaker 1: how to plan your kids financial futures. 47 00:03:00,000 --> 00:03:11,760 Speaker 2: Hey, Hey, hey, we're back. We're black, We're brown shan. 48 00:03:12,360 --> 00:03:17,080 Speaker 2: Welcome Black, Mandy. I'm gonna say that every time. Now 49 00:03:17,120 --> 00:03:19,160 Speaker 2: I'm not gonna remember because you don't remembory. But someone 50 00:03:19,240 --> 00:03:21,600 Speaker 2: said that to me yes, and I thought that was 51 00:03:21,639 --> 00:03:25,000 Speaker 2: so delightful. They're like, oh girl, welcome black. I was like, wait, what. 52 00:03:25,919 --> 00:03:28,840 Speaker 1: I need the T shirt, I need the mug, I 53 00:03:28,919 --> 00:03:30,600 Speaker 1: need Yes, welcome Black. 54 00:03:30,639 --> 00:03:31,160 Speaker 2: I love that. 55 00:03:31,880 --> 00:03:34,920 Speaker 1: Hey, Happy whatever day of the week it is, Monday. 56 00:03:35,520 --> 00:03:37,240 Speaker 1: I'm very excited about today's show. 57 00:03:37,560 --> 00:03:37,960 Speaker 2: Me too. 58 00:03:38,320 --> 00:03:41,800 Speaker 1: We have one of our one of our recurring faves 59 00:03:41,880 --> 00:03:44,960 Speaker 1: on the show, my financial planner, Helen, who wants to 60 00:03:44,960 --> 00:03:48,040 Speaker 1: know where I've been and I have been delinquent in 61 00:03:48,080 --> 00:03:51,000 Speaker 1: my in my sessions with Helen, but she's back on 62 00:03:51,040 --> 00:03:53,920 Speaker 1: the show and we are answering y'all's questions about how 63 00:03:53,960 --> 00:03:57,560 Speaker 1: to save for your kids. And Helen has some very 64 00:03:58,040 --> 00:04:00,840 Speaker 1: She has some interesting hot takes on the types of 65 00:04:00,880 --> 00:04:03,320 Speaker 1: accounts that we all think are the right thing to do, 66 00:04:03,400 --> 00:04:08,760 Speaker 1: from five to nine to UTMA accounts, to custodials custodial accounts. 67 00:04:08,760 --> 00:04:10,800 Speaker 1: Helen is going to cover it all and really dive 68 00:04:10,880 --> 00:04:14,960 Speaker 1: into what it takes to raise some money savvy kids, Cannet. 69 00:04:14,720 --> 00:04:17,120 Speaker 2: Wait, how long does one of my favorite go to? 70 00:04:17,120 --> 00:04:21,919 Speaker 2: You know, I have a handful of financial advisors slash 71 00:04:22,000 --> 00:04:26,279 Speaker 2: planners that I recommend to people, and she is one 72 00:04:26,279 --> 00:04:28,440 Speaker 2: of the only three that I recommend. So she's also 73 00:04:28,520 --> 00:04:29,920 Speaker 2: you guys are going to love her. Well, you've locked 74 00:04:29,920 --> 00:04:31,320 Speaker 2: here before because she's been here before. 75 00:04:31,480 --> 00:04:34,640 Speaker 1: I just find her voice so soothing too, just like, yeah, Helen, 76 00:04:34,720 --> 00:04:38,839 Speaker 1: I need to help us. She's also my relationship mediator, 77 00:04:38,920 --> 00:04:40,599 Speaker 1: is how I also feel about her. 78 00:04:41,120 --> 00:04:44,400 Speaker 2: That's almost financial. If you have a financial advisor who 79 00:04:44,440 --> 00:04:48,600 Speaker 2: helps you as a couple, they are definitely mediating. I 80 00:04:48,640 --> 00:04:51,760 Speaker 2: was gonna say so last episode if you missed it, 81 00:04:51,760 --> 00:04:54,680 Speaker 2: it was epic, as all of our episodes are. I 82 00:04:54,760 --> 00:04:57,440 Speaker 2: wanted to provide additional cloudy that Doctor Green gave me 83 00:04:57,440 --> 00:04:59,159 Speaker 2: that I'm like, and I think maybe this is speaking 84 00:04:59,200 --> 00:05:01,120 Speaker 2: to what you were saying, and maybe you tell me 85 00:05:01,480 --> 00:05:05,160 Speaker 2: so remember like during you know, the beginning, I was 86 00:05:05,200 --> 00:05:09,600 Speaker 2: talking about like sometimes you hold ourselves back from dreaming big, right, 87 00:05:10,040 --> 00:05:13,240 Speaker 2: And then you were like, well, what if you know? 88 00:05:13,400 --> 00:05:14,920 Speaker 2: Is there anything you said you were going to write 89 00:05:14,960 --> 00:05:17,560 Speaker 2: a book called like something about being content? 90 00:05:17,720 --> 00:05:18,440 Speaker 3: Right? What was? Oh? 91 00:05:18,480 --> 00:05:21,760 Speaker 1: God, hey, you're reminding me what I said on an episode? 92 00:05:21,800 --> 00:05:24,360 Speaker 1: What what is this opposite day? 93 00:05:25,560 --> 00:05:25,760 Speaker 2: God? 94 00:05:25,760 --> 00:05:27,760 Speaker 1: I got it. I can't stop myself. Why I don't 95 00:05:27,800 --> 00:05:30,760 Speaker 1: throw shade so much? Anyway? I Yeah, I was talking 96 00:05:30,800 --> 00:05:32,839 Speaker 1: about a really dark time in my life where I 97 00:05:32,880 --> 00:05:35,240 Speaker 1: was trying to convince a friend of mine that a 98 00:05:35,279 --> 00:05:37,360 Speaker 1: really good book idea would be to talk about the 99 00:05:37,400 --> 00:05:40,440 Speaker 1: power of mediocrity and how we should all just stop 100 00:05:40,720 --> 00:05:43,919 Speaker 1: trying to uh to be perfect and have the most money, 101 00:05:43,920 --> 00:05:45,359 Speaker 1: in the best house and all that stuff. 102 00:05:45,960 --> 00:05:48,680 Speaker 2: No, but you know what, there's something I won't say 103 00:05:49,120 --> 00:05:51,480 Speaker 2: necessarily mediocrity, but I will say this that I was 104 00:05:51,520 --> 00:05:54,040 Speaker 2: talking to doctor Green. We had our session last Friday, 105 00:05:54,279 --> 00:05:56,880 Speaker 2: and I was telling her how, you know, I've been 106 00:05:56,920 --> 00:05:58,960 Speaker 2: really struggling. I did that activity that I told you 107 00:05:58,960 --> 00:06:01,120 Speaker 2: guys to do. Remember, I said, like Mandy, like five 108 00:06:01,160 --> 00:06:04,800 Speaker 2: minutes write down like your your hopes and dreams, and 109 00:06:04,839 --> 00:06:09,280 Speaker 2: without hesitation, without limitation, just like get your a million. 110 00:06:09,279 --> 00:06:11,240 Speaker 2: A million is my four year old niece. And she'd 111 00:06:11,320 --> 00:06:12,480 Speaker 2: just be like, I want to go to the moon. 112 00:06:12,520 --> 00:06:13,839 Speaker 2: I want to go to Mars. I want to go 113 00:06:13,880 --> 00:06:16,200 Speaker 2: to you know, like just do that and just to 114 00:06:16,279 --> 00:06:17,560 Speaker 2: kind of get a gauge of like, you know, what 115 00:06:17,640 --> 00:06:20,320 Speaker 2: are your big hopes and dreams. Not that you're going 116 00:06:20,320 --> 00:06:22,640 Speaker 2: to accomplish all of them, but you know that at 117 00:06:22,680 --> 00:06:26,719 Speaker 2: least out. And so I was telling doctor Green that 118 00:06:26,760 --> 00:06:29,200 Speaker 2: I was having a hard time with like you know 119 00:06:29,360 --> 00:06:32,520 Speaker 2: that none of them seemed big or like maybe like 120 00:06:33,200 --> 00:06:35,000 Speaker 2: you know, maybe I'm afraid to dream big. And she 121 00:06:35,120 --> 00:06:37,479 Speaker 2: was like, okay, Tiffany, let's dial it on back. So 122 00:06:37,560 --> 00:06:41,359 Speaker 2: this is she gathered my edges. So here's your edge gathering. 123 00:06:41,400 --> 00:06:43,520 Speaker 2: I was okay because I was like I couldn't leave 124 00:06:43,560 --> 00:06:45,120 Speaker 2: this part out because I'm like, I left you guys 125 00:06:45,160 --> 00:06:47,280 Speaker 2: with all that stuff that It's like She's like, girl, no, 126 00:06:47,839 --> 00:06:51,520 Speaker 2: she said, Tiffany, you're living big. Sis. You wrote a book, 127 00:06:51,880 --> 00:06:53,640 Speaker 2: it's on a New York Times bestsellers list, you have 128 00:06:53,640 --> 00:06:57,040 Speaker 2: successful business, you have this year like you're here, and 129 00:06:57,080 --> 00:06:59,920 Speaker 2: that maybe one of the reasons why you're struggling with 130 00:07:00,440 --> 00:07:05,600 Speaker 2: quote unquote thinking big is because you're you're already living 131 00:07:05,680 --> 00:07:08,760 Speaker 2: the big dream that you put down and that's okay. 132 00:07:09,040 --> 00:07:11,240 Speaker 2: So she was like, I think the word big is 133 00:07:12,520 --> 00:07:16,520 Speaker 2: you're you're using that word too liberally. It's more so 134 00:07:16,680 --> 00:07:21,360 Speaker 2: I want you personally to think more meaningfully right to 135 00:07:21,480 --> 00:07:25,800 Speaker 2: think so because for some people that is big, like oh, 136 00:07:25,880 --> 00:07:27,840 Speaker 2: you know, I'm just starting out, or like, you know, 137 00:07:28,280 --> 00:07:31,320 Speaker 2: I do really want this huge dream. But she was like, 138 00:07:31,440 --> 00:07:33,560 Speaker 2: but for you, Tiffany, it might not look like a 139 00:07:33,640 --> 00:07:36,000 Speaker 2: bigger company, in a bigger house, in a bigger car. 140 00:07:36,360 --> 00:07:38,280 Speaker 2: That's clearly not moving you. That's why you're having a 141 00:07:38,280 --> 00:07:41,320 Speaker 2: hard time putting it down. For you, it's baby girl, 142 00:07:41,640 --> 00:07:42,320 Speaker 2: what is bigger? 143 00:07:42,920 --> 00:07:43,120 Speaker 3: You know? 144 00:07:43,360 --> 00:07:45,800 Speaker 2: She's like, for you, it might be you know, I've 145 00:07:45,800 --> 00:07:47,400 Speaker 2: always wanted to learn how to pain. I want to 146 00:07:47,440 --> 00:07:50,400 Speaker 2: get back to write writing poetry. She's like, you know, 147 00:07:50,440 --> 00:07:53,000 Speaker 2: we live in a world where we're told that if 148 00:07:53,040 --> 00:07:55,520 Speaker 2: it's not big, it's not good. And she's just had 149 00:07:55,600 --> 00:07:58,640 Speaker 2: me like reset, so not it doesn't mean that. I 150 00:07:58,720 --> 00:08:01,000 Speaker 2: just wanted to share that because you might have listened 151 00:08:01,040 --> 00:08:02,920 Speaker 2: last week and felt what I was feeling, which is 152 00:08:03,160 --> 00:08:07,720 Speaker 2: the struggle for I don't necessarily desire more, you know, 153 00:08:07,840 --> 00:08:10,560 Speaker 2: she said, Well, because years ago I put down all 154 00:08:10,680 --> 00:08:14,760 Speaker 2: my big more in my my journal, I put it 155 00:08:14,800 --> 00:08:17,440 Speaker 2: down on my vision board, and I'm not gonna lie. 156 00:08:17,440 --> 00:08:20,360 Speaker 2: I've accomplished just about all those things that I said 157 00:08:20,400 --> 00:08:23,440 Speaker 2: that I wanted. And so that's why I was struggling, 158 00:08:23,520 --> 00:08:28,160 Speaker 2: because I'm okay with not necessarily wanting more, you know, 159 00:08:28,320 --> 00:08:31,600 Speaker 2: at least not in this huge way, because all those 160 00:08:31,600 --> 00:08:33,959 Speaker 2: seats have already been planted, like the kind of like 161 00:08:34,000 --> 00:08:36,760 Speaker 2: the things that I'm growing toward, and it's like, yes, 162 00:08:36,960 --> 00:08:39,600 Speaker 2: it's okay to turn inward and say, well, what are 163 00:08:39,640 --> 00:08:41,760 Speaker 2: the meaningful things? You know, Maybe it's just, hey, I 164 00:08:41,760 --> 00:08:44,360 Speaker 2: actually want to talk to my mom more. Maybe, you know, 165 00:08:44,360 --> 00:08:45,880 Speaker 2: I want to spend more time with my besties. So 166 00:08:45,920 --> 00:08:47,840 Speaker 2: I just wanted to acknowledge what you said, Mandy, because 167 00:08:47,840 --> 00:08:49,200 Speaker 2: I feel like it was kind of like a riff 168 00:08:49,679 --> 00:08:52,640 Speaker 2: on what you were sharing that you know that not 169 00:08:52,760 --> 00:08:57,880 Speaker 2: every goal or dream is this huge external leap and lunch. 170 00:08:57,960 --> 00:09:01,520 Speaker 2: Sometimes it's just more of the same or just more 171 00:09:02,559 --> 00:09:04,280 Speaker 2: looking inward, I guess to say, you know. 172 00:09:05,040 --> 00:09:08,840 Speaker 1: Yeah, absolutely, and it's hard to sell that it's really, 173 00:09:08,920 --> 00:09:10,920 Speaker 1: I mean, even as I was talking about that idea. 174 00:09:10,960 --> 00:09:13,880 Speaker 1: I still believe that fundamentally, it's not about Listen, I 175 00:09:13,920 --> 00:09:15,280 Speaker 1: was in a dark place and I was talking about 176 00:09:15,320 --> 00:09:17,520 Speaker 1: mediocrity and just like just be okay with what the 177 00:09:17,559 --> 00:09:20,400 Speaker 1: bare minimum. But I think what we're talking about is 178 00:09:20,440 --> 00:09:23,480 Speaker 1: more being okay, being at peace with what you have 179 00:09:23,720 --> 00:09:26,400 Speaker 1: and understand knowing when it's going to like knowing what 180 00:09:26,440 --> 00:09:29,000 Speaker 1: you're enough is and knowing what like what do you 181 00:09:29,080 --> 00:09:32,280 Speaker 1: need to be happy and healthy and content and to 182 00:09:32,320 --> 00:09:34,040 Speaker 1: get to a place where your life is the cake 183 00:09:34,080 --> 00:09:36,640 Speaker 1: and anything on top of that is ic. You know, yes, 184 00:09:36,720 --> 00:09:39,319 Speaker 1: and at a certain point you do need to make 185 00:09:39,360 --> 00:09:43,520 Speaker 1: peace with what you have because like adding adding coins 186 00:09:43,559 --> 00:09:48,160 Speaker 1: and adding accolades and adding you know, things to your list, 187 00:09:48,480 --> 00:09:51,320 Speaker 1: unless that truly serves you, is not going to result 188 00:09:51,400 --> 00:09:54,920 Speaker 1: in any true feeling of I have more, I feel better. 189 00:09:55,200 --> 00:09:58,800 Speaker 1: And so yeah, it's it's a balance. It's like knowing 190 00:09:58,840 --> 00:10:01,000 Speaker 1: what you want, like don't don't leave any dreams on 191 00:10:01,000 --> 00:10:03,440 Speaker 1: the table, but also don't add stuff to your list 192 00:10:03,480 --> 00:10:06,040 Speaker 1: that you just be actually yeah, just because yeah, and 193 00:10:06,160 --> 00:10:08,240 Speaker 1: I'm I'm and that's what I was really at the 194 00:10:08,240 --> 00:10:10,079 Speaker 1: point where I was like I was doing that time, 195 00:10:10,120 --> 00:10:12,560 Speaker 1: I've done that my entire life, like I've done that. 196 00:10:12,920 --> 00:10:16,520 Speaker 1: I have struggled with always having something to do. And 197 00:10:16,600 --> 00:10:19,839 Speaker 1: even today my my go to therapist was like, why 198 00:10:19,880 --> 00:10:22,160 Speaker 1: don't you just do nothing? She's like, what would happen 199 00:10:22,200 --> 00:10:23,760 Speaker 1: if you just did nothing for a minute. I'm like, 200 00:10:23,840 --> 00:10:30,560 Speaker 1: I don't. I think I break. I couldn't even do 201 00:10:31,120 --> 00:10:34,400 Speaker 1: like maternityly. But anyway, Yeah, I'm glad that we've revisited 202 00:10:34,440 --> 00:10:37,920 Speaker 1: that because it's and I think when we talk about like, 203 00:10:38,080 --> 00:10:40,040 Speaker 1: you know, we've been talk about Christina and demand from 204 00:10:40,080 --> 00:10:42,559 Speaker 1: our rich journey and how happy they were, Yeah, said 205 00:10:42,600 --> 00:10:46,480 Speaker 1: their journey is about saving money and investing for wealth 206 00:10:46,720 --> 00:10:49,880 Speaker 1: and acquiring that much money in their bank account. But 207 00:10:50,679 --> 00:10:53,480 Speaker 1: they they also had the courage to say that's enough 208 00:10:53,840 --> 00:10:56,080 Speaker 1: and let's jump off. You know, let's let's stop now, 209 00:10:56,240 --> 00:10:59,600 Speaker 1: let's let's stop focusing on earning, and let's live the 210 00:10:59,679 --> 00:11:02,560 Speaker 1: life that we've you know, always dreamed of. And it's 211 00:11:02,640 --> 00:11:05,480 Speaker 1: much more than just money. It's the time they could 212 00:11:05,480 --> 00:11:09,280 Speaker 1: to spend with their cute daughters and you know, gardening 213 00:11:09,320 --> 00:11:11,720 Speaker 1: and things like that. Yeah, I'm that's why I'm excited 214 00:11:11,760 --> 00:11:13,760 Speaker 1: for you in this like little hiatus and you don't 215 00:11:13,800 --> 00:11:14,680 Speaker 1: learn how to crochet. 216 00:11:15,120 --> 00:11:17,800 Speaker 2: Yes, I can. I wait. I honestly, I'm looking forward 217 00:11:17,800 --> 00:11:20,120 Speaker 2: to that. I'm looking I used to write poetry, so 218 00:11:20,160 --> 00:11:22,600 Speaker 2: I'm like looking forward to like, hey, you know, they 219 00:11:22,640 --> 00:11:24,240 Speaker 2: used to be like a thing where I'd be like 220 00:11:24,400 --> 00:11:29,240 Speaker 2: just entrance and moved and like I was a voracious reader, 221 00:11:29,600 --> 00:11:32,360 Speaker 2: like you know, and not like I don't have a 222 00:11:32,360 --> 00:11:35,680 Speaker 2: specific genre. Like sometimes I'd be like it's like romance 223 00:11:35,720 --> 00:11:38,120 Speaker 2: novel month. Well I'll read like ten women's novels books 224 00:11:38,160 --> 00:11:40,720 Speaker 2: novel books, and then that it's sci fi and then 225 00:11:41,040 --> 00:11:44,120 Speaker 2: you know, so I like a wide variety of books. 226 00:11:44,160 --> 00:11:46,160 Speaker 2: I just like good writing, you know, one that I 227 00:11:46,200 --> 00:11:48,880 Speaker 2: could literally fall into and you look up and you're like, 228 00:11:49,160 --> 00:11:51,440 Speaker 2: I'm not in Hrry Potter world, you know. 229 00:11:52,040 --> 00:11:53,720 Speaker 1: I love that's the best. 230 00:11:53,800 --> 00:11:57,000 Speaker 2: Yes, And so I look forward to like getting back 231 00:11:57,040 --> 00:12:00,200 Speaker 2: to like reading, like I said, writing poetry. Maybe I 232 00:12:00,280 --> 00:12:03,080 Speaker 2: used to journal. Honestly, I've got like ten journals. I 233 00:12:03,160 --> 00:12:07,400 Speaker 2: journaled all through elementary, well, middle school, and high school, 234 00:12:07,440 --> 00:12:10,640 Speaker 2: and then in college I did some journaling. Most of 235 00:12:10,640 --> 00:12:13,080 Speaker 2: my journaling in college were like poems. But then I 236 00:12:13,120 --> 00:12:15,760 Speaker 2: stopped and I'm like, you know what today, I honestly, Mandy, 237 00:12:15,840 --> 00:12:17,880 Speaker 2: I used to delight in going to the bookstore and 238 00:12:17,920 --> 00:12:20,360 Speaker 2: getting a brand new journal, like is it going to 239 00:12:20,440 --> 00:12:22,320 Speaker 2: have flowers? Is it gonna be leatherbound? Is it going 240 00:12:22,400 --> 00:12:24,920 Speaker 2: to be you know, like I'm like, what happened to 241 00:12:24,960 --> 00:12:28,720 Speaker 2: that Tiffany that used to just delight in like her tiffanyiness, 242 00:12:28,760 --> 00:12:32,720 Speaker 2: you know, And so I'm excited about exploring that again 243 00:12:32,760 --> 00:12:35,600 Speaker 2: because that was This is why I mean, if there's 244 00:12:35,640 --> 00:12:38,880 Speaker 2: nothing else, I hope that you get away from. You know, 245 00:12:39,160 --> 00:12:42,720 Speaker 2: the last year is the importance of asking for help 246 00:12:43,120 --> 00:12:45,520 Speaker 2: because what could take you ten years to figure out 247 00:12:45,520 --> 00:12:47,760 Speaker 2: with help might take you one year. You know, what 248 00:12:47,800 --> 00:12:49,640 Speaker 2: could take you one year might take you one month 249 00:12:49,720 --> 00:12:53,200 Speaker 2: with help. Whether it's like a hell in you know 250 00:12:53,480 --> 00:12:56,240 Speaker 2: who you're like, Okay, I need help with my finances, 251 00:12:56,400 --> 00:13:00,920 Speaker 2: or whether it's a doctor Green, you know, a coach, 252 00:13:01,040 --> 00:13:03,240 Speaker 2: or whether it's like you know, Stephanie from NAVI psych 253 00:13:03,320 --> 00:13:07,120 Speaker 2: Are you know the therapist finder or therapy for black girls? Like, 254 00:13:07,280 --> 00:13:10,880 Speaker 2: asking for help is so critically important because the right 255 00:13:10,960 --> 00:13:13,760 Speaker 2: help can really help you to look at yourself and 256 00:13:13,880 --> 00:13:17,000 Speaker 2: become more of yourself, like you know doctor Green and 257 00:13:17,520 --> 00:13:19,760 Speaker 2: you know, all my coaches and things, they're not there 258 00:13:19,960 --> 00:13:23,200 Speaker 2: to change me. They're there to help me clean the 259 00:13:23,240 --> 00:13:25,079 Speaker 2: mirror so I can be like, oh, there, she is 260 00:13:25,280 --> 00:13:29,200 Speaker 2: what you want girl. You know. So I wanted to 261 00:13:29,200 --> 00:13:31,920 Speaker 2: just acknowledge that made because I think that I wasn't 262 00:13:32,000 --> 00:13:35,120 Speaker 2: hearing you because it's not like mediocrity. But it's like, no, 263 00:13:35,320 --> 00:13:38,400 Speaker 2: it's just girl, it's okay to be like I kind 264 00:13:38,400 --> 00:13:41,319 Speaker 2: of like spaghetti. I don't I don't need RICKATONI. I mean, 265 00:13:41,360 --> 00:13:42,719 Speaker 2: I know it's fancier, but like. 266 00:13:45,240 --> 00:13:46,920 Speaker 1: It's like my husband is like, why don't you just 267 00:13:46,920 --> 00:13:50,480 Speaker 1: make rio a grilled cheese and not salmon with avocado puree, 268 00:13:50,720 --> 00:13:54,120 Speaker 1: And like he's like, just keep it simple stupid like 269 00:13:54,240 --> 00:13:58,079 Speaker 1: sweating over stove. No, I mean it's I know, I 270 00:13:58,320 --> 00:14:00,280 Speaker 1: think we're on the same page. I just think, you know, 271 00:14:00,360 --> 00:14:02,760 Speaker 1: mediocrity is just a word that is such. It's just 272 00:14:02,800 --> 00:14:06,120 Speaker 1: a negative word, mediocre. Who wants to be mediocre? Who 273 00:14:06,120 --> 00:14:09,120 Speaker 1: wants to just be Okay? No, But I get it, 274 00:14:09,160 --> 00:14:12,240 Speaker 1: and I think this past week I have certainly well 275 00:14:12,240 --> 00:14:15,120 Speaker 1: literally this past year. I said to a friend and 276 00:14:15,400 --> 00:14:17,160 Speaker 1: I said to a family friend, he listens to the show, 277 00:14:17,160 --> 00:14:19,400 Speaker 1: Hey Denny, And I could see his eyes be like, 278 00:14:19,480 --> 00:14:21,320 Speaker 1: really does she just say that? Because we were at 279 00:14:21,320 --> 00:14:24,040 Speaker 1: this We went to this farm over the weekend and 280 00:14:24,080 --> 00:14:26,200 Speaker 1: it was like, I don't know, like a petting zoo, 281 00:14:26,240 --> 00:14:29,840 Speaker 1: and there's all these spring animals, like lambs are born 282 00:14:29,840 --> 00:14:32,240 Speaker 1: in the spring. It's just like Milo and otis like 283 00:14:32,280 --> 00:14:36,040 Speaker 1: there's just babies, baby animals everywhere. And I was just 284 00:14:36,240 --> 00:14:38,320 Speaker 1: I was having the time of my life. It was 285 00:14:38,400 --> 00:14:40,560 Speaker 1: me and like the four year olds, you know, with 286 00:14:40,600 --> 00:14:42,600 Speaker 1: our faces pressed up. If I wasn't so big, I 287 00:14:42,600 --> 00:14:44,640 Speaker 1: would have just climbed the fence too, to be with 288 00:14:44,680 --> 00:14:46,640 Speaker 1: the other kids. I was having so much fun. And 289 00:14:46,680 --> 00:14:48,400 Speaker 1: I looked up and I was like, I love having 290 00:14:48,440 --> 00:14:51,000 Speaker 1: a kid because it makes it okay for you to 291 00:14:51,000 --> 00:14:52,600 Speaker 1: be a kid again. And I'm like, why didn't I 292 00:14:52,680 --> 00:14:53,880 Speaker 1: come to this farm before? 293 00:14:54,600 --> 00:14:54,800 Speaker 2: You know? 294 00:14:55,560 --> 00:14:57,320 Speaker 1: And I'm like, I can't. And then I just started 295 00:14:57,320 --> 00:14:59,480 Speaker 1: my mind started spinning. I'm like, wait, we're gonna I'm 296 00:14:59,480 --> 00:15:01,240 Speaker 1: going to get some jump rope and I'm gonna get 297 00:15:01,280 --> 00:15:03,000 Speaker 1: a hula hoop. Yeah, and maybe I'll learn how to 298 00:15:03,040 --> 00:15:05,520 Speaker 1: hula hoop. I never did learn how to hulu. I 299 00:15:05,560 --> 00:15:08,520 Speaker 1: never no, I never been good at it. I could 300 00:15:08,600 --> 00:15:09,840 Speaker 1: jump rope and double dutch, but I. 301 00:15:09,840 --> 00:15:13,240 Speaker 2: Couldn't girl, I could not double Dutch. Look at Mandy. 302 00:15:13,160 --> 00:15:18,720 Speaker 1: Hey Cindervella had lost her fellahead. Anyway. I also never 303 00:15:18,760 --> 00:15:21,200 Speaker 1: done a cartwill in my life, but I you know, 304 00:15:21,240 --> 00:15:23,160 Speaker 1: and I was scarred by a cheerleading camp, but we 305 00:15:23,200 --> 00:15:26,280 Speaker 1: won't go there, but it's taped. For me, what has 306 00:15:26,360 --> 00:15:31,920 Speaker 1: been joyful is I have the you know, professional milestones, 307 00:15:31,920 --> 00:15:34,480 Speaker 1: and I do feel happy financially, but damn it, I 308 00:15:34,480 --> 00:15:36,640 Speaker 1: love to just lay in the grass and play with worms, 309 00:15:36,680 --> 00:15:39,360 Speaker 1: you know, with my kid. It's just nice. And maybe 310 00:15:39,440 --> 00:15:41,920 Speaker 1: someone else doesn't want to do that, but I just 311 00:15:42,040 --> 00:15:43,880 Speaker 1: love the message of our show. I think it still 312 00:15:43,960 --> 00:15:47,480 Speaker 1: rings true. It's just tapping into what makes you happy 313 00:15:47,520 --> 00:15:52,080 Speaker 1: and doing that thing unapologetically and being your weirdest self, 314 00:15:52,320 --> 00:15:55,520 Speaker 1: you know, just being whoever you are, whatever brings you 315 00:15:55,640 --> 00:15:59,520 Speaker 1: joy and doing that apologetically. And I think that that 316 00:15:59,520 --> 00:16:02,880 Speaker 1: that takes away the power. I feel like of some 317 00:16:02,920 --> 00:16:04,240 Speaker 1: of the things we talk about, you know, I need 318 00:16:04,240 --> 00:16:06,480 Speaker 1: a social media break, or man, I gotta take a 319 00:16:06,560 --> 00:16:08,800 Speaker 1: vacation because work is just stressing me out, or people 320 00:16:08,800 --> 00:16:10,920 Speaker 1: are stressing me out, or my parents are stressing me 321 00:16:10,920 --> 00:16:12,760 Speaker 1: out because they're always telling me what I should be doing. 322 00:16:13,040 --> 00:16:15,200 Speaker 1: I feel like, once you're truly at peace with who 323 00:16:15,240 --> 00:16:17,880 Speaker 1: you are and happy with what you're doing, those things 324 00:16:17,920 --> 00:16:19,560 Speaker 1: start to bother you less, and. 325 00:16:19,560 --> 00:16:20,960 Speaker 2: You don't need a break from your life. 326 00:16:21,120 --> 00:16:21,800 Speaker 4: And you don't need a. 327 00:16:21,720 --> 00:16:22,560 Speaker 1: Break from your life. 328 00:16:23,080 --> 00:16:25,800 Speaker 2: Yeah, and yeah, it's just true. First of all, I 329 00:16:25,840 --> 00:16:27,480 Speaker 2: cannot believe you could double dutch because I can. 330 00:16:27,600 --> 00:16:30,720 Speaker 1: Die well listen, I haven't done it in like twenty years. 331 00:16:30,720 --> 00:16:32,840 Speaker 1: But yeah, I used to be good. I needs to 332 00:16:32,840 --> 00:16:33,120 Speaker 1: be good. 333 00:16:33,160 --> 00:16:35,400 Speaker 2: I could just do regular jump rope. But no, because 334 00:16:35,400 --> 00:16:37,280 Speaker 2: you're right, because when I had the craziest that's what 335 00:16:37,280 --> 00:16:40,800 Speaker 2: I call my my niece a million, my nephew room 336 00:16:40,840 --> 00:16:43,000 Speaker 2: and their siblings. So when I had the crazies for 337 00:16:43,040 --> 00:16:45,480 Speaker 2: the weekend, we went to this a park down the 338 00:16:45,520 --> 00:16:47,320 Speaker 2: street from my house. This park is one of the 339 00:16:47,360 --> 00:16:52,200 Speaker 2: most beautiful parks. It's called Branchfork Park. In it now 340 00:16:52,320 --> 00:16:55,040 Speaker 2: is not the season is done for cherry blossoms, but 341 00:16:55,400 --> 00:16:57,920 Speaker 2: it has some of the biggest collections of cherry blossom 342 00:16:57,960 --> 00:17:01,480 Speaker 2: trees in the nation. So we gets flooded during that time. 343 00:17:01,880 --> 00:17:04,560 Speaker 2: And so for the first time, like Amelia is like, 344 00:17:04,600 --> 00:17:06,480 Speaker 2: I want to have a picnic, and I was like okay. 345 00:17:06,600 --> 00:17:10,080 Speaker 2: So we just took a comforter out and I got 346 00:17:10,080 --> 00:17:12,160 Speaker 2: them Domino's pizza because I'm that kind of aunt. I'm 347 00:17:12,160 --> 00:17:18,520 Speaker 2: like girl and juice boxes and animal crackers and Superman. 348 00:17:18,680 --> 00:17:20,920 Speaker 2: Like my husband had had bought Amelia for her birthday 349 00:17:20,920 --> 00:17:24,239 Speaker 2: at this bubble machine that had took batteries and so 350 00:17:24,400 --> 00:17:27,000 Speaker 2: you know, I bought some dish soap and girl. When 351 00:17:27,000 --> 00:17:29,840 Speaker 2: I say a time was had, I was like, the 352 00:17:29,880 --> 00:17:32,520 Speaker 2: park many is a one minute walk. I'm like, so wait, 353 00:17:32,600 --> 00:17:35,119 Speaker 2: why have I not just grabbed a blanket and come 354 00:17:35,160 --> 00:17:38,040 Speaker 2: out here before with a book? Like you know, But 355 00:17:38,080 --> 00:17:41,280 Speaker 2: to your point, that's that's really the beauty of children. 356 00:17:41,400 --> 00:17:44,080 Speaker 2: It's because it just allowed me to be like, all 357 00:17:44,119 --> 00:17:46,119 Speaker 2: these things that are right there and available to me 358 00:17:46,880 --> 00:17:49,360 Speaker 2: I don't take advantage of. But kids make you see 359 00:17:49,400 --> 00:17:51,520 Speaker 2: things differently. Because she was like, no, I want to 360 00:17:51,560 --> 00:17:53,000 Speaker 2: have a picnic and I want to have a bubble 361 00:17:53,000 --> 00:17:55,840 Speaker 2: bag with the orange stuff. It's meanwhile, it's like essential 362 00:17:55,840 --> 00:17:58,960 Speaker 2: oils orange. I don't know where she gets this stuff from. 363 00:17:59,240 --> 00:18:01,000 Speaker 2: And I want to do some relaxing. I'm like, what 364 00:18:01,080 --> 00:18:02,840 Speaker 2: is that's that's when you sit in the tub. I'm like, 365 00:18:02,920 --> 00:18:07,160 Speaker 2: what TV are you watching? But it was so fun, 366 00:18:07,280 --> 00:18:08,679 Speaker 2: like you know, I mean, you were there where they 367 00:18:08,680 --> 00:18:10,720 Speaker 2: were jumping in the jumpy that we haven't when she 368 00:18:10,920 --> 00:18:14,280 Speaker 2: was by herself, Like, blow up the blow up the 369 00:18:15,119 --> 00:18:17,560 Speaker 2: jumpy for me so I can jump by myself. Damn 370 00:18:17,600 --> 00:18:20,239 Speaker 2: a rooman wants to do it. But yeah, you know, 371 00:18:20,320 --> 00:18:22,040 Speaker 2: it's just that kind of thing, and it's just yeah, 372 00:18:22,080 --> 00:18:25,119 Speaker 2: it's it's Children truly are blessings in that way because 373 00:18:25,160 --> 00:18:27,919 Speaker 2: they remind you that life is a lot more simple 374 00:18:28,280 --> 00:18:30,520 Speaker 2: that we then we make it, and there's so many 375 00:18:30,520 --> 00:18:32,639 Speaker 2: simple joys to be had. You don't have to do 376 00:18:33,520 --> 00:18:36,560 Speaker 2: a whole lot, like you know, the grass is there, 377 00:18:37,200 --> 00:18:40,399 Speaker 2: the jumpy is there, you know, like the sunshine is there, 378 00:18:41,080 --> 00:18:44,600 Speaker 2: the farms are there, and so yeah, just so I 379 00:18:44,640 --> 00:18:46,639 Speaker 2: just wanted to like reiterate that because I feel like 380 00:18:47,080 --> 00:18:48,800 Speaker 2: I don't want last week that you know, that that 381 00:18:48,920 --> 00:18:51,800 Speaker 2: was the only lesson, because it's true there are moments 382 00:18:51,840 --> 00:18:53,879 Speaker 2: where maybe you're not dreaming big enough, and they're all 383 00:18:53,880 --> 00:18:56,199 Speaker 2: moments you're just not dreaming more meaningful enough, you know. 384 00:18:56,440 --> 00:19:00,880 Speaker 1: So yeah, that's beautiful. Thanks for revisiting that because I think, 385 00:19:01,119 --> 00:19:03,600 Speaker 1: I mean, I had I had people texting and dming 386 00:19:03,720 --> 00:19:07,639 Speaker 1: us just how powerful that episode was for them. So 387 00:19:08,080 --> 00:19:10,440 Speaker 1: I really encourage y'all if you haven't heard it yet, 388 00:19:10,480 --> 00:19:13,080 Speaker 1: go back and listen to last week's show. It says 389 00:19:13,200 --> 00:19:15,800 Speaker 1: I think the title is Dreams Are Free and it's 390 00:19:15,800 --> 00:19:18,160 Speaker 1: a really good conversation if do you say some myself 391 00:19:18,680 --> 00:19:21,840 Speaker 1: about yeah, just about the way that we the possibilities 392 00:19:21,840 --> 00:19:25,359 Speaker 1: we see for ourselves. So yes, lovely, Well let's take 393 00:19:25,400 --> 00:19:26,960 Speaker 1: a quick break, and why don't we come back, And 394 00:19:26,960 --> 00:19:29,080 Speaker 1: when we come back, We've got Helen No of Capital 395 00:19:29,119 --> 00:19:32,960 Speaker 1: Benchmark Partners on the line to talk about how to 396 00:19:33,080 --> 00:19:36,200 Speaker 1: say for these kids y'all. So I'm very excited about 397 00:19:36,200 --> 00:19:39,080 Speaker 1: this conversation with Helen and we will be right back 398 00:19:39,080 --> 00:20:14,359 Speaker 1: with that. Okay, guys, we are so so happy to 399 00:20:14,440 --> 00:20:18,119 Speaker 1: invite Helen to have Helen know back to the show. 400 00:20:18,560 --> 00:20:21,680 Speaker 3: Hey, Helen, Hello, thank you for having me back. 401 00:20:22,240 --> 00:20:25,480 Speaker 1: The fourth Live from Atlanta, Georgia. So for y'all who 402 00:20:25,560 --> 00:20:28,400 Speaker 1: don't know, Helen has been my financial planner, my go 403 00:20:28,440 --> 00:20:31,040 Speaker 1: to financial guru for I don't know how many years 404 00:20:31,040 --> 00:20:35,440 Speaker 1: now do five? From every milestone, I think the first 405 00:20:35,480 --> 00:20:38,720 Speaker 1: milestone was getting married. I was moving in with my 406 00:20:38,840 --> 00:20:41,719 Speaker 1: in laws and I was trying to figure out how 407 00:20:41,720 --> 00:20:44,280 Speaker 1: to say for a wedding, and then it was marriage, 408 00:20:44,520 --> 00:20:48,760 Speaker 1: and then buying a house and then baby, I feel 409 00:20:48,760 --> 00:20:54,400 Speaker 1: the car had one big planning call car car memories. 410 00:20:54,400 --> 00:20:59,359 Speaker 2: Did you get a dollar basically for the dog? I 411 00:20:59,400 --> 00:21:00,840 Speaker 2: know your whole eating about the dog. 412 00:21:02,440 --> 00:21:05,119 Speaker 1: Well not no, it's because Helen has always the reason. 413 00:21:05,440 --> 00:21:07,520 Speaker 1: I mean, of course I love. We were just talking 414 00:21:07,560 --> 00:21:09,840 Speaker 1: about how amazing Helen is and how she founded her 415 00:21:09,880 --> 00:21:13,600 Speaker 1: own firm, Capital Benchmark Partners a long time ago, and 416 00:21:13,640 --> 00:21:16,240 Speaker 1: when I started working with her, the real reason I 417 00:21:16,280 --> 00:21:19,639 Speaker 1: needed a financial planner. I mean, I know some stuff. 418 00:21:19,680 --> 00:21:22,240 Speaker 1: I know a thing or two. It's probably like when 419 00:21:22,280 --> 00:21:24,480 Speaker 1: a doctor has a patient who's like, I don't know, 420 00:21:25,080 --> 00:21:27,560 Speaker 1: I don't know. Not to not to crap on dentists, 421 00:21:27,600 --> 00:21:29,760 Speaker 1: but you know someone who knows something but they're not like, 422 00:21:29,880 --> 00:21:32,520 Speaker 1: you know, an expert in that field. Probably really annoying 423 00:21:32,520 --> 00:21:35,680 Speaker 1: to Helen, but my husband. The reason Helen and I 424 00:21:35,720 --> 00:21:37,760 Speaker 1: needed to work together was really just so that she 425 00:21:37,840 --> 00:21:42,720 Speaker 1: could get she could be the mediator between me and Husban. Yes, 426 00:21:43,000 --> 00:21:45,600 Speaker 1: and so even though I knew exactly what I wanted 427 00:21:45,640 --> 00:21:49,520 Speaker 1: to do, Helen has been on many many a call, Google, 428 00:21:49,560 --> 00:21:53,679 Speaker 1: hangout or whatnot kind of just like watching me. Really 429 00:21:53,800 --> 00:21:57,560 Speaker 1: just need her to tell my husband she's right let's 430 00:21:57,600 --> 00:22:03,240 Speaker 1: just do it. That's that's what you're good for. And 431 00:22:03,400 --> 00:22:06,159 Speaker 1: I mean, honestly though for couples, that's that's for me. 432 00:22:06,280 --> 00:22:09,400 Speaker 1: What has been so useful about having Helen, it's having 433 00:22:09,440 --> 00:22:12,960 Speaker 1: that third opinion. But today we're here to talk about 434 00:22:13,040 --> 00:22:15,400 Speaker 1: not just for you know, it's sort of about relationships, 435 00:22:15,440 --> 00:22:19,200 Speaker 1: but first comes love, then comes you know, traditionally marriage, 436 00:22:19,200 --> 00:22:22,720 Speaker 1: and then a baby. And we we, honestly, Helen, get 437 00:22:22,840 --> 00:22:25,600 Speaker 1: the same question over and over and over again, and 438 00:22:25,640 --> 00:22:28,359 Speaker 1: it's very simple from our listeners, how do we say 439 00:22:28,480 --> 00:22:31,040 Speaker 1: for our children? And they know some stuff too. They 440 00:22:31,080 --> 00:22:33,760 Speaker 1: know about the same kind of accounts that I'm aware of. 441 00:22:33,800 --> 00:22:36,920 Speaker 1: And I think Tiffany is too your college safe? Yeah, 442 00:22:37,000 --> 00:22:41,160 Speaker 1: five two nine plan, you got your your what now? 443 00:22:41,359 --> 00:22:42,359 Speaker 2: Custodial account? 444 00:22:42,760 --> 00:22:46,720 Speaker 1: Custodial accounts? And should we open a brokerage account? But 445 00:22:47,080 --> 00:22:49,920 Speaker 1: there is this like there's this heightened sense of awareness 446 00:22:49,920 --> 00:22:52,679 Speaker 1: among our listeners. I can tell that we should be 447 00:22:52,760 --> 00:22:54,680 Speaker 1: putting away and we talk about it too for black 448 00:22:54,720 --> 00:22:57,199 Speaker 1: and brown families, how important it is to be building 449 00:22:57,200 --> 00:22:59,840 Speaker 1: wealth not just for today but for tomorrow and for 450 00:23:00,200 --> 00:23:04,200 Speaker 1: children's children hopefully. So people are wanting to do that, 451 00:23:04,280 --> 00:23:06,159 Speaker 1: and they want to do it the right way. So 452 00:23:06,200 --> 00:23:09,639 Speaker 1: I'd love to just jump in with that general question 453 00:23:09,680 --> 00:23:13,160 Speaker 1: because I know that you have some very strong, interesting, 454 00:23:13,320 --> 00:23:17,560 Speaker 1: different opinions about the right way to say for a 455 00:23:17,680 --> 00:23:21,720 Speaker 1: child's future. Is it the magical five two nine plan, 456 00:23:22,000 --> 00:23:24,040 Speaker 1: is it a regular savings account? 457 00:23:24,280 --> 00:23:24,720 Speaker 3: What? Like? 458 00:23:24,800 --> 00:23:27,280 Speaker 1: Where do people even start helen well. 459 00:23:27,680 --> 00:23:30,040 Speaker 3: Before we even get into because like to me, the 460 00:23:30,640 --> 00:23:34,080 Speaker 3: five twenty nine accounts and the custodial accounts, those are 461 00:23:34,080 --> 00:23:37,760 Speaker 3: all tactics, they're not really strategies. So when I interview 462 00:23:37,800 --> 00:23:39,600 Speaker 3: clients before they even come on board and we talk 463 00:23:39,680 --> 00:23:44,280 Speaker 3: about all the different strategies and tactics, I ask the question, like, 464 00:23:44,359 --> 00:23:46,240 Speaker 3: what are you really trying to say for your kids? 465 00:23:46,240 --> 00:23:49,359 Speaker 3: What type of money lessons do you want to teach 466 00:23:50,040 --> 00:23:54,040 Speaker 3: your baby or your child or whatever. So it really 467 00:23:54,040 --> 00:23:56,760 Speaker 3: starts with that, you know, And I think a lot 468 00:23:56,800 --> 00:23:59,320 Speaker 3: of people don't really think about When I ask them, oh, 469 00:23:59,440 --> 00:24:00,679 Speaker 3: do you want to say for your children? 470 00:24:00,720 --> 00:24:01,679 Speaker 4: They say, Oh, I want to save. 471 00:24:01,560 --> 00:24:04,760 Speaker 3: For college, But a college is just a one time 472 00:24:04,960 --> 00:24:08,120 Speaker 3: event in your child's life. Do you want to save? 473 00:24:08,720 --> 00:24:08,919 Speaker 1: You know? 474 00:24:09,040 --> 00:24:11,639 Speaker 3: I think about their entire lifespan. 475 00:24:11,680 --> 00:24:13,400 Speaker 4: Do I want to leave a legacy. 476 00:24:13,080 --> 00:24:13,600 Speaker 2: For my kid? 477 00:24:13,640 --> 00:24:16,400 Speaker 3: And you might not, you know, especially for me right now, 478 00:24:16,480 --> 00:24:19,240 Speaker 3: I haven't even thought that far. But the answer to 479 00:24:19,280 --> 00:24:21,480 Speaker 3: that question for me personally is yes, I want to save. 480 00:24:21,720 --> 00:24:24,000 Speaker 3: I want to leave something for my son when I 481 00:24:24,080 --> 00:24:26,280 Speaker 3: pass and go on to wherever. 482 00:24:26,280 --> 00:24:27,680 Speaker 4: My next life or whatever. 483 00:24:28,040 --> 00:24:28,240 Speaker 2: You know. 484 00:24:28,280 --> 00:24:31,800 Speaker 3: I think about childcare costs like saving for that and preparing, 485 00:24:31,960 --> 00:24:34,000 Speaker 3: you know, if I want to put my kid into 486 00:24:34,200 --> 00:24:37,400 Speaker 3: private school for elementary school or high school. I can't 487 00:24:37,400 --> 00:24:43,119 Speaker 3: even think past like tomorrow or when he turns you know, 488 00:24:43,440 --> 00:24:47,000 Speaker 3: one year. So even before you think about like how 489 00:24:47,080 --> 00:24:49,440 Speaker 3: much money I want to save, and I would really 490 00:24:49,440 --> 00:24:52,560 Speaker 3: think more about the different life stages you want to 491 00:24:53,600 --> 00:24:57,600 Speaker 3: supplement for your child or for your niece or nephew. 492 00:24:57,640 --> 00:25:01,080 Speaker 3: Like even before I had my own child son, I 493 00:25:01,119 --> 00:25:03,639 Speaker 3: was saving up for my nieces and nephews chess in 494 00:25:03,680 --> 00:25:07,240 Speaker 3: case I, you know, died before I had a child, 495 00:25:07,600 --> 00:25:10,280 Speaker 3: and I wanted to save for them for their college 496 00:25:10,280 --> 00:25:12,680 Speaker 3: when they do go if they do go to college, 497 00:25:12,720 --> 00:25:15,640 Speaker 3: if not, I have a separate investment account for them. 498 00:25:16,080 --> 00:25:19,000 Speaker 3: Right So really it starts with a question of what 499 00:25:19,200 --> 00:25:23,879 Speaker 3: phase in your child's life do you want to financially supplement? 500 00:25:24,480 --> 00:25:27,560 Speaker 1: Why do people what is it about? Because I think 501 00:25:27,600 --> 00:25:29,159 Speaker 1: you and I have talked about this before, just a 502 00:25:29,280 --> 00:25:31,320 Speaker 1: tiny bit, tiny bit. We haven't had like the big 503 00:25:31,800 --> 00:25:34,639 Speaker 1: you know, planning call for rio and everything. But what 504 00:25:34,880 --> 00:25:37,439 Speaker 1: is it? I did immediately skip to college. That was 505 00:25:37,480 --> 00:25:40,439 Speaker 1: the first thing my husband did after I had the baby, 506 00:25:40,800 --> 00:25:42,439 Speaker 1: And to be honest, he got a lot of stuff 507 00:25:42,440 --> 00:25:46,239 Speaker 1: done that maybe wasn't the most financially wise while I 508 00:25:46,400 --> 00:25:48,719 Speaker 1: was either right about to have a baby or just 509 00:25:48,760 --> 00:25:52,000 Speaker 1: after he leased a car and then he opened a 510 00:25:52,040 --> 00:25:54,119 Speaker 1: five two We can talk with that later. He opened 511 00:25:54,119 --> 00:25:56,919 Speaker 1: a five two nine plan immediately and it just felt 512 00:25:56,960 --> 00:25:59,480 Speaker 1: like the right thing to do. But I think a 513 00:25:59,520 --> 00:26:01,720 Speaker 1: lot of people just jump to that college savings plan. 514 00:26:01,840 --> 00:26:05,480 Speaker 1: Do they have I been? Is it like Instagram ad 515 00:26:05,520 --> 00:26:08,720 Speaker 1: awareness again? Like I haven't been hypnotized or have I been? 516 00:26:09,359 --> 00:26:10,000 Speaker 2: What is it about? 517 00:26:10,040 --> 00:26:12,680 Speaker 1: Like the marketing budget really good for these plans? Why 518 00:26:12,680 --> 00:26:14,960 Speaker 1: does everybody talk about them as the way to save 519 00:26:15,000 --> 00:26:15,480 Speaker 1: for kids? 520 00:26:16,080 --> 00:26:19,399 Speaker 3: Mandy Boom the marketing for five twenty nine accounts, I 521 00:26:19,400 --> 00:26:24,400 Speaker 3: think it's completely blown out of proportion. I mean, yes, 522 00:26:25,000 --> 00:26:26,880 Speaker 3: and they emphasize a student loan debt, Oh my gosh, 523 00:26:26,880 --> 00:26:28,320 Speaker 3: your student loan debt and all this stuff you need 524 00:26:28,320 --> 00:26:31,360 Speaker 3: to prepare your kid in order to pay for college. 525 00:26:31,720 --> 00:26:33,879 Speaker 3: But I go back to do you even want to 526 00:26:34,000 --> 00:26:36,240 Speaker 3: encourage your kids to go to college these days? 527 00:26:37,240 --> 00:26:40,840 Speaker 4: Do you even I'm serious? 528 00:26:40,960 --> 00:26:43,360 Speaker 3: You know, what do you want to teach them about 529 00:26:43,600 --> 00:26:48,520 Speaker 3: investing and education? Because education is an investment, right, whether 530 00:26:48,840 --> 00:26:53,000 Speaker 3: it's paid by our tax dollars or my parents' dollars, 531 00:26:53,119 --> 00:26:56,600 Speaker 3: or my aunts or uncle's dollars or grandparents' dollars. I 532 00:26:56,640 --> 00:26:59,520 Speaker 3: think I would take it as an opportunity to teach 533 00:26:59,520 --> 00:27:02,280 Speaker 3: your kid as this is the first type of investment 534 00:27:02,280 --> 00:27:04,159 Speaker 3: you're going to make. What is the return on that 535 00:27:04,240 --> 00:27:06,760 Speaker 3: investment that you make? Right? So a lot of my 536 00:27:06,840 --> 00:27:09,359 Speaker 3: clients they'll say, oh, I want one hundred percent pay 537 00:27:09,480 --> 00:27:12,560 Speaker 3: for their tuition and everything. I said, okay, but what 538 00:27:12,600 --> 00:27:15,280 Speaker 3: about all the other ancillary costs when they do go 539 00:27:15,359 --> 00:27:19,680 Speaker 3: to college, like their meals, their health insurance, their cell 540 00:27:19,720 --> 00:27:22,959 Speaker 3: phone plan. What if they boomerang back home after they 541 00:27:23,000 --> 00:27:23,679 Speaker 3: finished college? 542 00:27:23,720 --> 00:27:24,639 Speaker 4: How do you plan for that? 543 00:27:25,440 --> 00:27:27,720 Speaker 3: So what do you want to teach them a life lesson? 544 00:27:27,720 --> 00:27:30,920 Speaker 3: Maybe you take out fifty percent and have them take 545 00:27:30,960 --> 00:27:34,400 Speaker 3: out fifty half of the other loan if they aren't 546 00:27:34,440 --> 00:27:35,399 Speaker 3: able to get scholarships. 547 00:27:35,440 --> 00:27:37,720 Speaker 4: So I mean there's like a zillion different questions. 548 00:27:38,920 --> 00:27:42,440 Speaker 3: I think that there's a lot of missed opportunity to 549 00:27:42,480 --> 00:27:45,639 Speaker 3: teach your kids as they're growing up on what the 550 00:27:45,680 --> 00:27:48,639 Speaker 3: cost of education really means. And when I say return 551 00:27:48,680 --> 00:27:51,920 Speaker 3: on that investment is once they graduate college, will they 552 00:27:51,920 --> 00:27:55,160 Speaker 3: be able to make enough money to pay back their 553 00:27:55,200 --> 00:27:58,879 Speaker 3: loans if they are getting or taking loans out to 554 00:27:58,920 --> 00:28:01,240 Speaker 3: pay for that educational investment. 555 00:28:02,920 --> 00:28:05,399 Speaker 1: But yeah, I think what you're saying is almost like 556 00:28:06,160 --> 00:28:08,200 Speaker 1: I guess for us, it felt like, oh, we open 557 00:28:08,280 --> 00:28:10,960 Speaker 1: this account. Okay, cool, we did something tick that box. 558 00:28:11,320 --> 00:28:14,000 Speaker 1: But that can't be the beginning and the end of 559 00:28:14,040 --> 00:28:17,160 Speaker 1: saving for a kid, right. It's the harder to tick 560 00:28:17,200 --> 00:28:21,159 Speaker 1: off your checklist kind of stuff like teaching them the 561 00:28:21,320 --> 00:28:24,840 Speaker 1: value of saving and that things cost money and how 562 00:28:24,960 --> 00:28:27,200 Speaker 1: loans work. You know that they have to be paid. 563 00:28:27,000 --> 00:28:28,920 Speaker 4: Back, right, it's not free. 564 00:28:29,880 --> 00:28:32,399 Speaker 1: That's another question we get is like what are those 565 00:28:33,000 --> 00:28:34,760 Speaker 1: you know? You have a ten month old? I was 566 00:28:34,800 --> 00:28:37,080 Speaker 1: just there. My son's a year and a half. Tip scotten. 567 00:28:37,160 --> 00:28:40,640 Speaker 1: Nieces and nephews and or a niece and a nephews 568 00:28:40,640 --> 00:28:45,600 Speaker 1: are I'm not multiply? I do? Okay, thanks the fact check, 569 00:28:46,440 --> 00:28:50,120 Speaker 1: but like from an early age and my in my 570 00:28:50,120 --> 00:28:52,760 Speaker 1: my other you know, Helen is one guru of my life, 571 00:28:52,840 --> 00:28:54,320 Speaker 1: or I know, we don't like the word guru, but 572 00:28:54,480 --> 00:28:59,360 Speaker 1: one of my my my my go toss as Tiff says, 573 00:28:59,560 --> 00:29:02,000 Speaker 1: in my one is my therapist. And she's constantly like 574 00:29:02,240 --> 00:29:05,680 Speaker 1: telling me, Mandy, You've got to like you've got to 575 00:29:05,760 --> 00:29:09,400 Speaker 1: stop getting ahead of yourself and thinking too far ahead 576 00:29:09,440 --> 00:29:11,479 Speaker 1: and just like be in the moment, because I'm already 577 00:29:11,640 --> 00:29:14,160 Speaker 1: trying to. My kid is seventeen months old, and I'm like, 578 00:29:14,240 --> 00:29:17,000 Speaker 1: do I start teaching him that? Do I try and 579 00:29:17,080 --> 00:29:22,640 Speaker 1: charge him for his snacks? I don't know, I do, 580 00:29:23,360 --> 00:29:25,880 Speaker 1: I don't know. What's where's your head at as a 581 00:29:25,880 --> 00:29:27,400 Speaker 1: new mom? 582 00:29:27,800 --> 00:29:33,240 Speaker 3: Oh man, I'll be frank with you. I don't between 583 00:29:33,240 --> 00:29:35,640 Speaker 3: my husband and we don't have a five twenty nine account. 584 00:29:36,480 --> 00:29:38,800 Speaker 3: If he does go to college, I think we would 585 00:29:39,000 --> 00:29:41,560 Speaker 3: plan to cash flow it. I would rather invest in 586 00:29:41,560 --> 00:29:45,440 Speaker 3: my business and in my career to be able to cash. 587 00:29:45,160 --> 00:29:46,240 Speaker 4: Flow that education. 588 00:29:46,400 --> 00:29:48,200 Speaker 3: Meaning I don't want to put all my money into 589 00:29:48,720 --> 00:29:51,720 Speaker 3: one particular account and hope that he'll go to college. 590 00:29:51,400 --> 00:29:52,480 Speaker 4: So I can use it later. 591 00:29:52,840 --> 00:29:55,880 Speaker 3: Right, That's not the way that I plan my money. 592 00:29:56,160 --> 00:29:58,120 Speaker 3: I plan out because I have you know, he's ten 593 00:29:58,160 --> 00:30:03,640 Speaker 3: months old. I have eighteen more years technically to get 594 00:30:03,680 --> 00:30:07,000 Speaker 3: my career together so that I have enough money by 595 00:30:07,000 --> 00:30:09,800 Speaker 3: the time he goes. So if he does get get 596 00:30:09,880 --> 00:30:11,560 Speaker 3: in for free, and if he does decide to go 597 00:30:11,600 --> 00:30:14,080 Speaker 3: to college, great, But by that time, hopefully I'll have 598 00:30:14,800 --> 00:30:18,440 Speaker 3: significantly higher revenue and income to where I can just 599 00:30:18,520 --> 00:30:21,280 Speaker 3: cash flow that and not be locked into some account 600 00:30:21,320 --> 00:30:24,080 Speaker 3: that I can't really tap into, you know, without worrying 601 00:30:24,080 --> 00:30:26,040 Speaker 3: about taxes and penalties and all this stuff. If I 602 00:30:26,080 --> 00:30:28,560 Speaker 3: wanted to use that money to buy him a car, 603 00:30:29,200 --> 00:30:30,360 Speaker 3: for example. 604 00:30:30,560 --> 00:30:34,240 Speaker 2: Helen, thank you, because I always felt I never wanted 605 00:30:34,320 --> 00:30:36,800 Speaker 2: to say, like out loud that I'm not a big 606 00:30:36,840 --> 00:30:39,920 Speaker 2: fan of the five twenty nine because of that, because 607 00:30:39,960 --> 00:30:43,520 Speaker 2: I'm like, what if especially and maybe like, you know, 608 00:30:43,600 --> 00:30:45,920 Speaker 2: five ten years ago, because everyone like you have to 609 00:30:45,920 --> 00:30:49,480 Speaker 2: go to college, right, but that you know, that language 610 00:30:49,520 --> 00:30:51,200 Speaker 2: has been changing because we're all kind of like, do 611 00:30:51,360 --> 00:30:54,120 Speaker 2: you so I don't have five twenty nine for any 612 00:30:54,160 --> 00:30:58,200 Speaker 2: of my nieces and nephews or even for my stepdad 613 00:30:58,240 --> 00:31:02,560 Speaker 2: who's fourteen. We planned to we have a custodical account, yeah, 614 00:31:02,560 --> 00:31:05,120 Speaker 2: for them, you know, because I'm like, well, whatever comes, 615 00:31:05,160 --> 00:31:08,480 Speaker 2: I'd rather have that money I want the flexibility to 616 00:31:08,520 --> 00:31:11,320 Speaker 2: say this is just money for you. Whatever you looks like. 617 00:31:12,160 --> 00:31:13,760 Speaker 2: You know that I'm not kind of backed in. The 618 00:31:13,760 --> 00:31:15,360 Speaker 2: Only thing I will say that I do like about 619 00:31:15,760 --> 00:31:18,000 Speaker 2: five twenty nine at least now, is that now you 620 00:31:18,040 --> 00:31:20,040 Speaker 2: can use it for more than just college. You can 621 00:31:20,080 --> 00:31:22,120 Speaker 2: also use it for like day care and like private 622 00:31:22,120 --> 00:31:25,160 Speaker 2: school and things like that. But other than that, honestly, 623 00:31:25,200 --> 00:31:26,560 Speaker 2: I'm not a fan, and I don't have any five 624 00:31:26,640 --> 00:31:28,320 Speaker 2: twenty nine plans, and I don't plan to for my 625 00:31:28,680 --> 00:31:29,959 Speaker 2: hopefully upcoming baby. 626 00:31:30,600 --> 00:31:33,840 Speaker 3: Yeah, from a strategic standpoint, if you are, you are 627 00:31:33,880 --> 00:31:37,040 Speaker 3: definitely planning to send your kids off to private school. 628 00:31:37,080 --> 00:31:38,760 Speaker 3: You can use up to ten grand to pay for 629 00:31:38,840 --> 00:31:43,040 Speaker 3: private school now, but you know that can change any day, 630 00:31:43,200 --> 00:31:46,479 Speaker 3: depending on who's in Congress and whether or not they 631 00:31:46,600 --> 00:31:48,840 Speaker 3: change the laws around that. So I'm not going to 632 00:31:48,840 --> 00:31:53,160 Speaker 3: put my eggs in that basket. So I'd rather invest 633 00:31:53,160 --> 00:31:54,840 Speaker 3: in my career so I can make more money so 634 00:31:54,880 --> 00:31:57,240 Speaker 3: I can afford college later on. So I'd rather work 635 00:31:57,240 --> 00:32:01,000 Speaker 3: on cash flowing that future. To to answer your broader 636 00:32:01,080 --> 00:32:02,920 Speaker 3: question of how do I say for my kid, I 637 00:32:02,960 --> 00:32:05,320 Speaker 3: would take college out of that and really think about 638 00:32:05,360 --> 00:32:09,160 Speaker 3: the timeline of your children growing up? 639 00:32:09,200 --> 00:32:10,600 Speaker 4: What do you want a gift to them? 640 00:32:10,920 --> 00:32:13,160 Speaker 1: You know, do you know how much Helen? Has anyone 641 00:32:13,200 --> 00:32:16,040 Speaker 1: told you how much camp costs? Yet? Because I cannot? 642 00:32:16,560 --> 00:32:20,440 Speaker 1: I was like, they and then and then the daycare 643 00:32:20,480 --> 00:32:23,480 Speaker 1: that you pay? Then they don't they no, no, no, 644 00:32:23,560 --> 00:32:26,080 Speaker 1: but they don't. They don't. They make you pay even 645 00:32:26,080 --> 00:32:28,040 Speaker 1: if the kid don't go. So I'm like, so if 646 00:32:28,040 --> 00:32:30,960 Speaker 1: they go to camp, I'm paying like five g's and 647 00:32:31,000 --> 00:32:32,880 Speaker 1: then I still got to pay the rent at the time. 648 00:32:33,240 --> 00:32:37,240 Speaker 1: What so, yes, I hear you. It's very costly, even 649 00:32:37,280 --> 00:32:40,560 Speaker 1: before college. So yeah, how let's do it. Let's talk 650 00:32:40,560 --> 00:32:40,840 Speaker 1: about it. 651 00:32:40,920 --> 00:32:42,080 Speaker 2: How do you start? 652 00:32:42,520 --> 00:32:44,719 Speaker 3: I would put it into a timeline and you know, 653 00:32:44,840 --> 00:32:47,920 Speaker 3: I have my notes written here, but definitely childcare between 654 00:32:47,960 --> 00:32:50,479 Speaker 3: the ages of one to ten, right, are you going 655 00:32:50,520 --> 00:32:51,440 Speaker 3: to hire a nanny? 656 00:32:51,520 --> 00:32:53,440 Speaker 4: Like right now? It's very expensive. 657 00:32:53,480 --> 00:32:55,680 Speaker 3: I look at my clients and they're dropping, you know, 658 00:32:55,800 --> 00:33:00,360 Speaker 3: at minimum twelve hundred to twenty five hundred dollars month 659 00:33:00,800 --> 00:33:04,280 Speaker 3: on childcare. That's not even full time for the entire week. 660 00:33:04,320 --> 00:33:10,080 Speaker 3: And to me, that's so much money. Definitely planning for that. 661 00:33:10,400 --> 00:33:13,520 Speaker 3: And then, like you said, the kids camps, the fees 662 00:33:13,640 --> 00:33:15,080 Speaker 3: for different activities. 663 00:33:15,640 --> 00:33:18,040 Speaker 4: I want to. I want my kid to have a 664 00:33:18,160 --> 00:33:20,920 Speaker 4: rich life. I want him to you know. 665 00:33:21,080 --> 00:33:22,960 Speaker 3: Just think about myself and what you were asking earlier. 666 00:33:22,960 --> 00:33:24,680 Speaker 3: I was thinking about like, oh my god, what if 667 00:33:24,680 --> 00:33:27,600 Speaker 3: I want to go to hockey camp. I mean that's 668 00:33:27,680 --> 00:33:31,800 Speaker 3: not cheap. All of that equipment is very expensive. Those 669 00:33:31,800 --> 00:33:33,640 Speaker 3: are the things that I want to be able to afford, 670 00:33:33,720 --> 00:33:36,880 Speaker 3: not necessarily you know, thinking eighteen years from now, and 671 00:33:36,920 --> 00:33:42,200 Speaker 3: then just you know, subsidizing one very small sliver of 672 00:33:42,240 --> 00:33:45,440 Speaker 3: their life. What if they get married one day or 673 00:33:46,400 --> 00:33:48,840 Speaker 3: you know, do you want to leave any money for that? 674 00:33:48,840 --> 00:33:51,240 Speaker 3: That's how I would plan it is in different tranches 675 00:33:51,280 --> 00:33:54,000 Speaker 3: of their life, you know, college, high school, if they 676 00:33:54,040 --> 00:33:58,200 Speaker 3: go to the military and get out, like you know, marriage, 677 00:33:58,360 --> 00:34:01,680 Speaker 3: their middle age, leaving a legacy seed for them, all 678 00:34:01,760 --> 00:34:04,959 Speaker 3: of those different significant life stages that also happen, and 679 00:34:05,000 --> 00:34:06,760 Speaker 3: not just necessarily for college. 680 00:34:07,320 --> 00:34:09,440 Speaker 1: And where do you perk it? Is it like a 681 00:34:09,440 --> 00:34:13,200 Speaker 1: custodial savings account, just you know, full stop, just to 682 00:34:13,239 --> 00:34:15,880 Speaker 1: make it easy and make sure that it's easily accessible. 683 00:34:16,920 --> 00:34:18,720 Speaker 4: I would say yes, you can start. 684 00:34:18,880 --> 00:34:23,799 Speaker 3: So with our clients, we typically just set up like 685 00:34:24,360 --> 00:34:26,160 Speaker 3: and if it's husband now, we typically set up a 686 00:34:26,200 --> 00:34:29,560 Speaker 3: joint brokerage account and they can start investing money in there, 687 00:34:29,960 --> 00:34:32,640 Speaker 3: you know, setting money in there, or if you want 688 00:34:32,680 --> 00:34:37,680 Speaker 3: to have your child inherit some money by the age 689 00:34:37,680 --> 00:34:39,560 Speaker 3: of eighteen or twenty one, then you can set up 690 00:34:39,560 --> 00:34:42,759 Speaker 3: what's called a UTMA account and they will that money 691 00:34:42,760 --> 00:34:46,239 Speaker 3: will automatically transfer to them once they are of legal age, 692 00:34:46,280 --> 00:34:48,640 Speaker 3: and you can start teaching them how to invest in 693 00:34:48,719 --> 00:34:51,439 Speaker 3: there at that time and hand over that account to them. 694 00:34:51,960 --> 00:34:55,680 Speaker 3: I'm not like totally against five twenty nine plans. You 695 00:34:55,680 --> 00:34:57,799 Speaker 3: can trickle some money in their chest in case they 696 00:34:57,880 --> 00:35:00,480 Speaker 3: do go to college. But you can also util roth 697 00:35:00,600 --> 00:35:05,560 Speaker 3: ira raise too. I think that's completely I wouldn't say unpopular, 698 00:35:05,719 --> 00:35:09,520 Speaker 3: but less promoted or less marketed out there as a strategy. 699 00:35:10,120 --> 00:35:12,320 Speaker 3: You can use some money in your wrath iray to 700 00:35:12,600 --> 00:35:15,359 Speaker 3: to pay the school tuition directly. 701 00:35:15,520 --> 00:35:18,200 Speaker 1: You know, and if your roth ira as a parent 702 00:35:18,360 --> 00:35:20,399 Speaker 1: or one opened up in your child's name. 703 00:35:20,520 --> 00:35:23,719 Speaker 2: Yeah, because I have rough diary for Alyssa. Yeah, you 704 00:35:23,719 --> 00:35:25,799 Speaker 2: can do both, Okay. 705 00:35:25,560 --> 00:35:28,319 Speaker 3: As long as it goes to the find the educational 706 00:35:28,360 --> 00:35:30,320 Speaker 3: institution you're using it for for tuition. 707 00:35:31,040 --> 00:35:32,640 Speaker 1: Is this the part where it's like you're going to 708 00:35:32,640 --> 00:35:35,319 Speaker 1: the dentist and you start just confessing all of your 709 00:35:35,400 --> 00:35:38,160 Speaker 1: dental sins like I'm so sorry I haven't been flasting 710 00:35:38,239 --> 00:35:40,880 Speaker 1: and yeah, I've just been eating a lot of acetic foods. 711 00:35:41,480 --> 00:35:44,160 Speaker 1: So Helen, we haven't talked in a minute, okay, but 712 00:35:44,280 --> 00:35:47,120 Speaker 1: like about our finances. And so one little teeny tiny 713 00:35:47,200 --> 00:35:49,960 Speaker 1: thing that I did that was wrong. It's I have 714 00:35:50,040 --> 00:35:51,759 Speaker 1: a baby, and like I said, I'm getting I'm just 715 00:35:51,840 --> 00:35:54,640 Speaker 1: jumping the gun. I'm I'm I'm listening to my my 716 00:35:54,680 --> 00:35:56,840 Speaker 1: go tos and I'm just flying in the face with 717 00:35:56,880 --> 00:35:58,960 Speaker 1: the drugs. But I jumped the gun a little bit 718 00:35:59,000 --> 00:36:01,640 Speaker 1: and I opened a It actually turns out I show 719 00:36:01,680 --> 00:36:03,439 Speaker 1: this on the show. Actually I thought I had opened 720 00:36:03,480 --> 00:36:06,719 Speaker 1: a custodial roth Ira for my son because that was 721 00:36:06,719 --> 00:36:09,440 Speaker 1: the smart thing to do, only to find out, dummy, 722 00:36:09,600 --> 00:36:11,960 Speaker 1: like you need to actually earn an income as a child, 723 00:36:12,520 --> 00:36:15,720 Speaker 1: you know. So so I was like blitz And actually 724 00:36:15,760 --> 00:36:18,960 Speaker 1: it was our Brown Ambition listeners who DM me. They 725 00:36:18,960 --> 00:36:23,400 Speaker 1: were like, Nandra, did you like what? So I yeah, anyway, 726 00:36:23,520 --> 00:36:25,200 Speaker 1: So I did go back and I realized I had 727 00:36:25,239 --> 00:36:28,400 Speaker 1: just opened a brokerage account, not like a a roth Ira. 728 00:36:28,560 --> 00:36:31,760 Speaker 1: But let's but let's so it's it's not a terrible mistake. 729 00:36:31,800 --> 00:36:33,879 Speaker 1: But I was like, but clearly I need to talk 730 00:36:33,920 --> 00:36:37,040 Speaker 1: to you to really just get things. I need to 731 00:36:37,080 --> 00:36:38,680 Speaker 1: just stop trying to do things at three in the 732 00:36:38,680 --> 00:36:43,600 Speaker 1: morning when the panic attacks happened. But let's talk about, Yeah, 733 00:36:43,640 --> 00:36:46,360 Speaker 1: the differences between what you just mentioned and like a 734 00:36:46,480 --> 00:36:50,680 Speaker 1: roth IRA a brokerage account, and what was the other 735 00:36:50,719 --> 00:36:52,319 Speaker 1: one you said was another option. 736 00:36:52,520 --> 00:36:56,400 Speaker 3: UTM, A unified Yeah, and so so that that account 737 00:36:56,560 --> 00:36:59,239 Speaker 3: when you say custodial account, that's what I think of. 738 00:37:00,040 --> 00:37:01,680 Speaker 3: And then so do you want me to explain the 739 00:37:01,680 --> 00:37:05,360 Speaker 3: differences between the three that I just mentioned? Yeah, exactly, Okay, 740 00:37:05,440 --> 00:37:08,200 Speaker 3: So the WRATH is a retirement account. IRA stands for 741 00:37:08,320 --> 00:37:11,080 Speaker 3: individual retirement accounts, So it can be under your name 742 00:37:11,719 --> 00:37:14,960 Speaker 3: or you know, my niece who's sixteen years old. Now 743 00:37:15,000 --> 00:37:17,120 Speaker 3: I can open one for her. She has earned income, 744 00:37:17,160 --> 00:37:19,640 Speaker 3: and I put money in there, so I can technically 745 00:37:19,719 --> 00:37:22,640 Speaker 3: hire her under my company's name and call her an 746 00:37:22,640 --> 00:37:26,359 Speaker 3: assistant basically and open up a WRATH for and pay 747 00:37:26,360 --> 00:37:28,160 Speaker 3: her some sort of income, and you'll go into there. 748 00:37:28,200 --> 00:37:31,439 Speaker 3: For example, that technically is her retirement account. I can't 749 00:37:31,480 --> 00:37:35,000 Speaker 3: tap into it. It's under her name and everything and 750 00:37:35,080 --> 00:37:38,360 Speaker 3: put money in there. So if you have a wroth 751 00:37:38,400 --> 00:37:41,759 Speaker 3: iray for yourself. Let's just say your kid doesn't go 752 00:37:41,800 --> 00:37:44,520 Speaker 3: to college and or they get a full ride or whatever. 753 00:37:45,080 --> 00:37:47,440 Speaker 3: You still have your retirement money. So you're killing two 754 00:37:47,480 --> 00:37:50,120 Speaker 3: birds with one stone there. You know, if one event 755 00:37:50,160 --> 00:37:52,000 Speaker 3: doesn't happen, at least you can still use it for 756 00:37:52,480 --> 00:37:54,680 Speaker 3: your future and you won't be penalized for it. So 757 00:37:54,719 --> 00:37:57,400 Speaker 3: it's one of those exceptions. And you can still invest 758 00:37:57,520 --> 00:38:00,319 Speaker 3: in all of these different accounts that I mentioned. You 759 00:38:00,360 --> 00:38:03,520 Speaker 3: can buy any type of well depending on where you're 760 00:38:04,280 --> 00:38:08,960 Speaker 3: the financial institution obviously, but again there the next question 761 00:38:09,000 --> 00:38:11,600 Speaker 3: always comes of like which of these three accounts are 762 00:38:12,200 --> 00:38:15,080 Speaker 3: will get me the most return. That's not the correct question. 763 00:38:15,239 --> 00:38:18,160 Speaker 3: The correct question is you can invest in each of 764 00:38:18,160 --> 00:38:20,719 Speaker 3: those accounts. What investment makes sense in each of those 765 00:38:20,760 --> 00:38:23,520 Speaker 3: accounts that you can purchase, So you put one thousand 766 00:38:23,560 --> 00:38:25,680 Speaker 3: dollars into each of those accounts, but it really just 767 00:38:25,719 --> 00:38:29,440 Speaker 3: depends on the investment that will yield you quote unquote 768 00:38:29,480 --> 00:38:32,920 Speaker 3: the best return, right, So that's the wrath. And then 769 00:38:32,960 --> 00:38:37,000 Speaker 3: you can invest in the UTMA as well, So that's 770 00:38:37,000 --> 00:38:40,760 Speaker 3: an account that where you are the primary account holder. 771 00:38:41,120 --> 00:38:44,160 Speaker 3: And then by the time your kid or whoever you 772 00:38:44,239 --> 00:38:47,600 Speaker 3: list on there, that's a minor. That's what the M 773 00:38:47,600 --> 00:38:51,120 Speaker 3: and UTMA stands for. It's an account, an investment account 774 00:38:51,160 --> 00:38:54,880 Speaker 3: for minors. And then once they reach of age in 775 00:38:54,920 --> 00:38:58,040 Speaker 3: your state, so here in Georgie it's the age of 776 00:38:58,080 --> 00:39:00,600 Speaker 3: twenty one, then you have to relinquish that money to 777 00:39:00,680 --> 00:39:05,680 Speaker 3: your child. Okay, I would not recommend you putting too 778 00:39:05,760 --> 00:39:09,040 Speaker 3: much money into that account unless you want to give 779 00:39:09,200 --> 00:39:13,200 Speaker 3: a lot away. Usually my recommendation for the utilization of 780 00:39:13,200 --> 00:39:15,560 Speaker 3: that account is to teach your kids, Hey, you know 781 00:39:15,600 --> 00:39:17,279 Speaker 3: what we've been saving for you this entire time. 782 00:39:17,320 --> 00:39:18,520 Speaker 4: You can use it to buy a car. 783 00:39:18,640 --> 00:39:22,880 Speaker 3: That would be like a first investment account that your 784 00:39:22,960 --> 00:39:26,360 Speaker 3: kid can can own themselves. And then of course the 785 00:39:26,400 --> 00:39:30,399 Speaker 3: regular brokerage account or aka investment account that you can 786 00:39:30,400 --> 00:39:33,640 Speaker 3: hold jointly with as many people as you want or 787 00:39:33,800 --> 00:39:36,480 Speaker 3: just on your own. You know, you only pay taxes 788 00:39:36,520 --> 00:39:42,239 Speaker 3: when there's any capital gains or investment income inside of 789 00:39:42,280 --> 00:39:45,279 Speaker 3: that account, and you can withdraw the money at any time. 790 00:39:45,520 --> 00:39:47,399 Speaker 3: But the row diary you can't withdraw money at any 791 00:39:47,400 --> 00:39:49,440 Speaker 3: time because technically it's a retirement account. 792 00:39:50,280 --> 00:39:52,880 Speaker 1: Yeah, well, what about like when you're when you're investing 793 00:39:52,920 --> 00:39:55,880 Speaker 1: with the kid, because I've heard friends, you know, they'll 794 00:39:56,760 --> 00:39:59,279 Speaker 1: I feel like there's always that anecdote of, well, you know, 795 00:39:59,600 --> 00:40:03,640 Speaker 1: I just to my son or my daughter or my 796 00:40:04,000 --> 00:40:07,839 Speaker 1: non binary child. It's fine that you know, you love 797 00:40:07,920 --> 00:40:10,319 Speaker 1: McDonald's or you love Coca Cola, so let's buy some 798 00:40:10,360 --> 00:40:12,520 Speaker 1: stock and let's buy some shares. But it is that 799 00:40:12,840 --> 00:40:15,600 Speaker 1: I don't feel like that's maybe the best way to 800 00:40:15,640 --> 00:40:18,520 Speaker 1: go about teaching about the market, especially if, like what 801 00:40:18,560 --> 00:40:21,000 Speaker 1: you talked about is true, you're trying to maximize your 802 00:40:21,040 --> 00:40:23,640 Speaker 1: long term gains, and what are you putting in these 803 00:40:23,680 --> 00:40:25,879 Speaker 1: accounts or what are you investing in? Can we kind 804 00:40:25,880 --> 00:40:28,839 Speaker 1: of talk about like for young children and then adolescents 805 00:40:28,880 --> 00:40:31,680 Speaker 1: and the teens, you know, what types of vehicles you 806 00:40:31,760 --> 00:40:35,160 Speaker 1: typically recommend folks invest in. 807 00:40:36,040 --> 00:40:38,280 Speaker 3: Yeah, I think I talked about this in the last 808 00:40:39,040 --> 00:40:42,760 Speaker 3: the last time we recorded. So I like to refer 809 00:40:42,880 --> 00:40:45,759 Speaker 3: to or use the analogy of cooking when we're investing. 810 00:40:46,480 --> 00:40:50,560 Speaker 3: Is you know, with most recipes, you always get salt 811 00:40:50,560 --> 00:40:52,600 Speaker 3: and pepper for the entree, right, so you add your 812 00:40:52,640 --> 00:40:57,160 Speaker 3: salt and pepper into the UH into your investment portfolio, 813 00:40:57,239 --> 00:40:59,160 Speaker 3: and then anything else sexier I like to call a 814 00:40:59,200 --> 00:41:02,319 Speaker 3: paprico or adding the spices to your portfolio for that 815 00:41:02,440 --> 00:41:08,160 Speaker 3: extra and to boaster the growth inside the portfolio. 816 00:41:07,600 --> 00:41:12,000 Speaker 1: And seasoning from Trader Joe's Yes, okay, yeah, gotcha. 817 00:41:12,120 --> 00:41:13,000 Speaker 2: Yes that's good. 818 00:41:13,600 --> 00:41:15,600 Speaker 3: Oh so when I say salt and pepper, I mean 819 00:41:15,680 --> 00:41:23,040 Speaker 3: like your typical dividend paying investments diversified portfolio ETFs. I'm 820 00:41:23,040 --> 00:41:26,319 Speaker 3: not a huge fan of mutual funds inside of your 821 00:41:26,480 --> 00:41:31,480 Speaker 3: portfolio because they typically have higher management fees and ETFs 822 00:41:31,480 --> 00:41:33,680 Speaker 3: are a little bit more tax efficient too, but that's 823 00:41:33,760 --> 00:41:37,880 Speaker 3: completely a different episode. Yeah, so, so just add some 824 00:41:37,920 --> 00:41:40,480 Speaker 3: salt and pepper. But I like the idea of teaching 825 00:41:40,520 --> 00:41:43,879 Speaker 3: your kid, Hey, do you do you like apple products? Well, 826 00:41:44,000 --> 00:41:46,080 Speaker 3: let's buy a couple of shares. This is how much 827 00:41:46,440 --> 00:41:48,279 Speaker 3: you know we'll put in there. Let's just say a 828 00:41:48,320 --> 00:41:50,400 Speaker 3: thousand dollars. Let's see how much it grows. This is 829 00:41:50,400 --> 00:41:53,120 Speaker 3: what a dividend is, this is and how is that 830 00:41:53,560 --> 00:41:58,200 Speaker 3: different than you know, growth inside of a portfolio. So 831 00:41:58,719 --> 00:42:02,160 Speaker 3: just to keep the portfolio diversified, I think it's great 832 00:42:02,160 --> 00:42:06,759 Speaker 3: to invest in some sort of you know, bonds or 833 00:42:06,800 --> 00:42:12,520 Speaker 3: fixed income slash equity market mixture as your salt and 834 00:42:12,560 --> 00:42:16,400 Speaker 3: pepper to the portfolio, but then adding in your special 835 00:42:16,440 --> 00:42:19,400 Speaker 3: interests with your child or your niece or nephew whomever 836 00:42:20,400 --> 00:42:24,719 Speaker 3: minor child, and ask him like, hey, let's let me 837 00:42:24,719 --> 00:42:26,920 Speaker 3: teach you a little bit about investing. What money can 838 00:42:26,960 --> 00:42:29,640 Speaker 3: really do for you? You know, Okay, you earn the money. 839 00:42:29,920 --> 00:42:33,000 Speaker 3: Here's some money to do the laundry or whatever it is. 840 00:42:33,880 --> 00:42:35,920 Speaker 3: What would you like to buy in your portfolio? Now 841 00:42:36,600 --> 00:42:38,640 Speaker 3: that this is you know, you earned your money. Here's 842 00:42:38,680 --> 00:42:41,439 Speaker 3: your ten dollars. Put it into this account. Let's watch 843 00:42:41,440 --> 00:42:43,759 Speaker 3: it grow. Let me let me teach you how to 844 00:42:43,800 --> 00:42:45,000 Speaker 3: read these different charts. 845 00:42:45,080 --> 00:42:45,960 Speaker 4: Let me teach. 846 00:42:45,719 --> 00:42:48,120 Speaker 3: You, you know, how you to go from ten dollars 847 00:42:48,160 --> 00:42:51,319 Speaker 3: to twenty dollars right and within what time frame? 848 00:42:52,120 --> 00:42:55,560 Speaker 1: So if I feel like Roman is probably already managing 849 00:42:55,560 --> 00:42:58,960 Speaker 1: his own investments, but what has have you? 850 00:42:59,600 --> 00:43:00,000 Speaker 2: There? 851 00:43:00,040 --> 00:43:01,880 Speaker 1: Wait? Your needs a nephew there three, and then. 852 00:43:02,840 --> 00:43:07,240 Speaker 2: So four and Lily is two and a half. 853 00:43:07,840 --> 00:43:11,200 Speaker 1: Okay, so what's your mean? I know that obviously their 854 00:43:11,239 --> 00:43:13,440 Speaker 1: parents partly like, hey, budget needs to like chill out. 855 00:43:13,480 --> 00:43:17,560 Speaker 1: Our kids are a little But how young is too young? 856 00:43:17,640 --> 00:43:18,239 Speaker 1: Do you feel like? 857 00:43:18,480 --> 00:43:20,719 Speaker 2: Now? I mean daughters right away, like the moment they 858 00:43:20,719 --> 00:43:24,360 Speaker 2: were born, I was like, hey, you know, Angelie, I 859 00:43:24,400 --> 00:43:27,879 Speaker 2: want to open up a custodia account for my niece 860 00:43:27,960 --> 00:43:29,440 Speaker 2: is a nephew. And what I used to I used 861 00:43:29,480 --> 00:43:32,319 Speaker 2: to put like it started off as savings accounts until 862 00:43:32,320 --> 00:43:35,160 Speaker 2: it was enough to really like I thought invest, Yeah, 863 00:43:35,239 --> 00:43:36,960 Speaker 2: and I used to put like fifty bucks a month, 864 00:43:37,320 --> 00:43:40,560 Speaker 2: and then Angelie was like, or you can just put 865 00:43:40,560 --> 00:43:43,480 Speaker 2: money in annually because I was like, I don't know 866 00:43:43,480 --> 00:43:45,400 Speaker 2: why I was doing it like that, and she was 867 00:43:45,480 --> 00:43:47,719 Speaker 2: like I was like, oh, yeah, that makes sense. So 868 00:43:48,239 --> 00:43:50,480 Speaker 2: that's what we do now that every year we make 869 00:43:50,520 --> 00:43:54,920 Speaker 2: a lung some transfer to the kids accounts, including Alissa, 870 00:43:55,800 --> 00:43:59,520 Speaker 2: and also to a Superman has a has a young 871 00:43:59,600 --> 00:44:03,600 Speaker 2: nephew that we also do that for. And yeah, we chose. 872 00:44:03,640 --> 00:44:05,680 Speaker 2: I specifically was like I didn't want to do a 873 00:44:05,719 --> 00:44:08,000 Speaker 2: five twenty nine plan only because I just didn't know 874 00:44:09,160 --> 00:44:12,240 Speaker 2: what college held, especially for the super young one. See 875 00:44:12,360 --> 00:44:15,720 Speaker 2: at least like Supergirl is fourteen, so she's going to college. 876 00:44:15,800 --> 00:44:18,359 Speaker 2: You know, she's not so far removed. But I mean 877 00:44:18,440 --> 00:44:19,960 Speaker 2: Roman is five. We don't even know. 878 00:44:20,320 --> 00:44:25,719 Speaker 1: You know, he's definitely going to get some scholarships mit 879 00:44:26,000 --> 00:44:26,400 Speaker 1: or something. 880 00:44:26,480 --> 00:44:28,719 Speaker 2: No, my nephew is like this, well, I mean when 881 00:44:28,719 --> 00:44:30,400 Speaker 2: I always think about his father is a doctor his 882 00:44:30,440 --> 00:44:34,839 Speaker 2: mother's engineer, and the way I'm just like he's telling time. 883 00:44:34,880 --> 00:44:36,600 Speaker 2: I'm like, I didn't tell time until I was in 884 00:44:36,719 --> 00:44:40,040 Speaker 2: fifth grade. And he's fine, so, you know, but honestly 885 00:44:40,040 --> 00:44:41,839 Speaker 2: then too, we just don't know, like what's you know, 886 00:44:41,880 --> 00:44:44,200 Speaker 2: I don't know what the future is going to entail 887 00:44:44,239 --> 00:44:47,880 Speaker 2: for higher education. So for them, I especially didn't want that. Plus, 888 00:44:48,160 --> 00:44:53,280 Speaker 2: my husband and I can afford to bankroll Alyssa's Supergirl's college, 889 00:44:53,280 --> 00:44:55,440 Speaker 2: like you know, we know we're going to pay for it, 890 00:44:55,840 --> 00:44:59,080 Speaker 2: and that's the ideal. But yeah, I mean, I couldn't 891 00:44:59,080 --> 00:45:00,399 Speaker 2: tell you. I'm not even gonna lie. I just kind 892 00:45:00,400 --> 00:45:02,120 Speaker 2: of like we opened up the account. I'm sure I 893 00:45:02,160 --> 00:45:05,319 Speaker 2: knew at one point. I'm not I know that I 894 00:45:05,320 --> 00:45:07,960 Speaker 2: forgot what Angelie was telling me. We're our investments are 895 00:45:07,960 --> 00:45:10,839 Speaker 2: like ninety ten, meaning like we're I'm putting much. Sure, 896 00:45:10,840 --> 00:45:12,840 Speaker 2: I think we're ninety percent in stocks and ten percent 897 00:45:12,880 --> 00:45:15,359 Speaker 2: and like bonds to your point, Helen, because they're so young, 898 00:45:16,480 --> 00:45:19,720 Speaker 2: so there's plenty of time. So for those of you listening, 899 00:45:20,200 --> 00:45:24,800 Speaker 2: this this greater risk with stocks, but also greater potential 900 00:45:24,840 --> 00:45:27,920 Speaker 2: return and so that's you know, but we're willing to 901 00:45:27,960 --> 00:45:30,480 Speaker 2: take the risk. Because they're so young, and I like 902 00:45:30,560 --> 00:45:32,759 Speaker 2: myself and my husband are older, so I think we're 903 00:45:32,800 --> 00:45:36,000 Speaker 2: pretty conservative. So I think we're like seventy percent. You know. 904 00:45:37,280 --> 00:45:39,359 Speaker 2: Angelie's like, are you eighty? I'm like, I know. 905 00:45:40,239 --> 00:45:41,960 Speaker 3: That's pretty conservative for you. 906 00:45:42,600 --> 00:45:45,640 Speaker 2: I know, she recently pushed us. So she recently pushed 907 00:45:45,680 --> 00:45:47,919 Speaker 2: me to eighty because I'm like, really like if I'm 908 00:45:48,000 --> 00:45:50,040 Speaker 2: like a scaredy cat when it comes to investing, So 909 00:45:50,080 --> 00:45:51,759 Speaker 2: she recently like, I think it's time to move to 910 00:45:51,840 --> 00:45:54,920 Speaker 2: eighty eight because when I saw the return on investment 911 00:45:55,280 --> 00:45:59,439 Speaker 2: that the kids accounts had in twenty twenty, She's like, yeah, yeah, 912 00:46:00,120 --> 00:46:06,320 Speaker 2: wish they're rolling in dough. Meanwhile, Auntie is like, I guess, 913 00:46:06,360 --> 00:46:08,399 Speaker 2: I mean my returns obviously, you know everybody, I mean, 914 00:46:08,440 --> 00:46:09,600 Speaker 2: you can throw a rock at the wall and get 915 00:46:09,600 --> 00:46:13,840 Speaker 2: a return in twenty twenty. But but yeah, no to 916 00:46:13,920 --> 00:46:18,200 Speaker 2: your point aggressive, you know. But to me, the biggest 917 00:46:18,200 --> 00:46:20,759 Speaker 2: component and hope that everyone who's listening is getting is 918 00:46:20,800 --> 00:46:24,160 Speaker 2: that get you a hellen like it No for real, 919 00:46:24,280 --> 00:46:27,520 Speaker 2: because it's unless you are you feel very confident on 920 00:46:27,640 --> 00:46:30,880 Speaker 2: doing on your own. As much as Mandy and I 921 00:46:31,000 --> 00:46:33,560 Speaker 2: know about personal finance, I cannot know all the things, 922 00:46:33,600 --> 00:46:35,600 Speaker 2: nor do I want to keep up with all the things. 923 00:46:35,800 --> 00:46:39,480 Speaker 2: So we each have a financial advisor, and so it's 924 00:46:39,520 --> 00:46:43,920 Speaker 2: important to have guidance when it comes to navigating your 925 00:46:43,920 --> 00:46:46,040 Speaker 2: financial space. It's not for everyone. It depends on where 926 00:46:46,040 --> 00:46:48,560 Speaker 2: you are financially. I will say that because you should 927 00:46:48,680 --> 00:46:50,799 Speaker 2: have a certain amount of money to be able to 928 00:46:50,800 --> 00:46:53,960 Speaker 2: put away obviously, but you know when you're ready. Having 929 00:46:54,040 --> 00:46:58,680 Speaker 2: guidance will enable you to make less costly mistakes like 930 00:46:58,760 --> 00:47:01,120 Speaker 2: I have. And Mandy has an as Helen is one 931 00:47:01,160 --> 00:47:02,640 Speaker 2: of my go to suit. There's like three women I 932 00:47:02,640 --> 00:47:07,400 Speaker 2: always suggest and she's one of them. My mentee, my mentee, 933 00:47:08,000 --> 00:47:09,840 Speaker 2: she like loves Helen. I gave her my list of 934 00:47:09,880 --> 00:47:12,360 Speaker 2: the three. I said it's always important that you interviewed 935 00:47:12,360 --> 00:47:16,000 Speaker 2: people for yourself, and she interviewed the three and was like, 936 00:47:16,040 --> 00:47:18,399 Speaker 2: I love Helen. I was like, great choice, And. 937 00:47:18,320 --> 00:47:21,240 Speaker 1: So where the budget needs to approved. 938 00:47:20,840 --> 00:47:27,239 Speaker 2: Back, But I'm working on that for I'm proudly now 939 00:47:27,280 --> 00:47:29,439 Speaker 2: I'm working on like putting together like a directory because 940 00:47:29,440 --> 00:47:32,440 Speaker 2: so many people ask me because I've started to collect 941 00:47:32,440 --> 00:47:35,040 Speaker 2: just really good people in the finance industry and so yeah, no, 942 00:47:35,160 --> 00:47:37,719 Speaker 2: Helen is that wicked one of them all. 943 00:47:37,760 --> 00:47:40,920 Speaker 1: Listen and in what Tiffany said, it's true. You you 944 00:47:40,920 --> 00:47:43,320 Speaker 1: you know you should definitely get you a Helen or 945 00:47:43,320 --> 00:47:46,120 Speaker 1: an Angel, but you have to use them. It's just 946 00:47:46,239 --> 00:47:48,760 Speaker 1: like like then I screw up. I got a Helen 947 00:47:48,880 --> 00:47:51,040 Speaker 1: and I'm still out here googling at three am, like 948 00:47:51,200 --> 00:47:53,960 Speaker 1: are too safe? Okay, I know stuff, I know something. 949 00:47:54,000 --> 00:47:55,279 Speaker 4: Why didn't you just email me? 950 00:47:55,480 --> 00:47:57,360 Speaker 2: I don't know, it's so quick. 951 00:47:57,480 --> 00:47:59,440 Speaker 1: Listen, you know i'd be great, Like your head is 952 00:47:59,480 --> 00:48:04,480 Speaker 1: just stuff after children and YadA YadA. We'll talk. We'll 953 00:48:04,560 --> 00:48:07,759 Speaker 1: talk because Hesby still wants this damn Tesla Helen. We 954 00:48:07,800 --> 00:48:11,960 Speaker 1: got to get in one of those. Yeah, so you 955 00:48:12,120 --> 00:48:14,680 Speaker 1: have to. And I think one of the things Helen 956 00:48:14,960 --> 00:48:18,080 Speaker 1: that I haven't had is like a regular cadence. I 957 00:48:18,120 --> 00:48:20,080 Speaker 1: think we just fell off after we what is it? 958 00:48:20,120 --> 00:48:22,279 Speaker 1: I got the house and then life just life just 959 00:48:22,280 --> 00:48:24,480 Speaker 1: went crazy. But you're right, it's kind of like if 960 00:48:24,520 --> 00:48:26,200 Speaker 1: you don't go to the doctor after a while, you're 961 00:48:26,239 --> 00:48:28,600 Speaker 1: like things confessed and you don't know about it unless 962 00:48:28,640 --> 00:48:31,960 Speaker 1: you do that check in. So you're right. I think 963 00:48:32,000 --> 00:48:34,239 Speaker 1: we just I need to automate my meetings with you 964 00:48:34,360 --> 00:48:38,080 Speaker 1: so that I can't get in my own way and 965 00:48:38,160 --> 00:48:41,000 Speaker 1: at this point financially. I know, early in our relationship 966 00:48:41,000 --> 00:48:44,000 Speaker 1: it was more of like, okay, you know, let's be judicious, 967 00:48:44,040 --> 00:48:46,480 Speaker 1: at least in my mind, because I was in a 968 00:48:46,520 --> 00:48:48,799 Speaker 1: much different place financially. But now I'm just like, the 969 00:48:48,880 --> 00:48:52,799 Speaker 1: choices I'm making today have the potential to reward me 970 00:48:52,880 --> 00:48:56,000 Speaker 1: so much more if I use Helen like I'm just 971 00:48:56,080 --> 00:48:59,960 Speaker 1: I'm literally like wasting money by not talking to Helen 972 00:48:59,400 --> 00:49:03,319 Speaker 1: and actually paying her for her services because she has 973 00:49:03,360 --> 00:49:05,440 Speaker 1: all the knowledge and she can help me make the 974 00:49:05,520 --> 00:49:09,520 Speaker 1: right strategy. So we'll walk as this question. 975 00:49:09,560 --> 00:49:11,839 Speaker 2: I know someone's gonna ask Helen, how do people find 976 00:49:11,840 --> 00:49:14,319 Speaker 2: Helen's Like, what should they be looking for? And in 977 00:49:14,360 --> 00:49:18,120 Speaker 2: what ways do people pay financial advisors like you? 978 00:49:19,320 --> 00:49:19,600 Speaker 4: Yeah? 979 00:49:19,760 --> 00:49:23,560 Speaker 3: Some I'm a fee only advisor, and there's misconceptions or 980 00:49:23,600 --> 00:49:27,480 Speaker 3: misunderstanding about fee only and fee based. Fee base means 981 00:49:27,480 --> 00:49:30,840 Speaker 3: that you get paid a commission. The advisor gets paid 982 00:49:30,840 --> 00:49:34,600 Speaker 3: a commission and an hourly rate or a subscription or 983 00:49:34,640 --> 00:49:38,200 Speaker 3: percentage of your assets. I don't get paid by commissions. 984 00:49:38,200 --> 00:49:40,840 Speaker 4: I purely just get paid by giving you advice. 985 00:49:41,960 --> 00:49:44,359 Speaker 3: So you can find me on my website, I think 986 00:49:44,360 --> 00:49:47,320 Speaker 3: I'm pretty googleable. Just type in Helen, No in go 987 00:49:47,600 --> 00:49:49,680 Speaker 3: is my last name. How you spell and pronounce it 988 00:49:49,719 --> 00:49:54,240 Speaker 3: is no like CEO and just go to my website 989 00:49:54,280 --> 00:49:57,879 Speaker 3: Capital Benchmark Partners dot com. But the way we get 990 00:49:57,920 --> 00:50:01,440 Speaker 3: paid is we charge like a turn a retainer fee 991 00:50:01,560 --> 00:50:04,319 Speaker 3: and then an hourly rate and if you want us 992 00:50:04,360 --> 00:50:06,400 Speaker 3: to help you manage your investments then is just a 993 00:50:06,440 --> 00:50:08,080 Speaker 3: percentage of the investment assets. 994 00:50:08,120 --> 00:50:09,000 Speaker 4: But we do not. 995 00:50:08,920 --> 00:50:14,040 Speaker 3: Push any products or any commission based investment vehicles or 996 00:50:14,040 --> 00:50:14,759 Speaker 3: anything like that. 997 00:50:15,000 --> 00:50:20,319 Speaker 1: Where are the other helens? Hang out? You can't help everybody? Yeah, 998 00:50:20,400 --> 00:50:22,120 Speaker 1: where are the other helens? I found you through the 999 00:50:22,239 --> 00:50:24,279 Speaker 1: x Y Planning Network back in the day, way back 1000 00:50:24,320 --> 00:50:26,240 Speaker 1: in the day. But yeah, where do you recommend people 1001 00:50:26,239 --> 00:50:29,920 Speaker 1: go to start interviewing and finding different planners for them? 1002 00:50:30,400 --> 00:50:32,040 Speaker 4: X Y is a great place. 1003 00:50:32,680 --> 00:50:35,040 Speaker 3: You can also go to NAPFA in a p FA, 1004 00:50:35,800 --> 00:50:37,920 Speaker 3: or you can go to the Garrett Network. I believe 1005 00:50:37,920 --> 00:50:43,120 Speaker 3: that network is really for hourly financial planners, so if 1006 00:50:43,120 --> 00:50:45,000 Speaker 3: you're looking for like a one time plan, that would 1007 00:50:45,040 --> 00:50:48,480 Speaker 3: be a great place to start. Forbes also has a 1008 00:50:48,560 --> 00:50:52,759 Speaker 3: list of financial planners that you can find. The only 1009 00:50:52,800 --> 00:50:55,000 Speaker 3: reason I know this is because I'm awareless down there too. 1010 00:50:55,520 --> 00:50:59,239 Speaker 3: So yeah, those are three places I would just look 1011 00:50:59,239 --> 00:51:01,640 Speaker 3: at first or this CFP website and I think now 1012 00:51:01,680 --> 00:51:05,600 Speaker 3: you can filter out the type of advisor you wanted 1013 00:51:05,640 --> 00:51:06,839 Speaker 3: in what region and all that. 1014 00:51:07,080 --> 00:51:09,480 Speaker 1: Okay, awesome. What have it we covered when it comes 1015 00:51:09,520 --> 00:51:11,719 Speaker 1: to kids and saving I mean, I feel like I 1016 00:51:11,760 --> 00:51:13,839 Speaker 1: just want to do this episode justice because I know 1017 00:51:13,880 --> 00:51:15,799 Speaker 1: we get lots and lots of questions about it. But 1018 00:51:15,880 --> 00:51:19,360 Speaker 1: any other big things, Helen, you think we should you know, cover? 1019 00:51:20,880 --> 00:51:23,399 Speaker 3: I mean, I just want to reinforce don't don't get 1020 00:51:23,440 --> 00:51:28,120 Speaker 3: so narrow focused on just college. Think about the lifestyle 1021 00:51:28,239 --> 00:51:30,920 Speaker 3: you want to provide for your kid and all of 1022 00:51:30,960 --> 00:51:34,879 Speaker 3: his or her different life stages. Really, I think that's 1023 00:51:34,960 --> 00:51:37,880 Speaker 3: the bigger question at play, and what money lessons you 1024 00:51:37,920 --> 00:51:39,040 Speaker 3: want to teach your child. 1025 00:51:39,600 --> 00:51:42,000 Speaker 1: I love that you've actually helped me a lot because 1026 00:51:42,760 --> 00:51:45,440 Speaker 1: I think intellectually, I know it's important to name your 1027 00:51:45,480 --> 00:51:48,000 Speaker 1: individual savings goals. But when it came to a kid 1028 00:51:48,840 --> 00:51:51,720 Speaker 1: that you just hearing you mentioned and getting my gears 1029 00:51:51,719 --> 00:51:57,839 Speaker 1: turning about activities, you know, babysitting camp, things like that, 1030 00:51:57,960 --> 00:52:01,279 Speaker 1: school trip, school fees, you know, vacation. I don't want 1031 00:52:01,280 --> 00:52:03,359 Speaker 1: my kid to travel for the first amount of the country. Yeah, 1032 00:52:03,440 --> 00:52:07,040 Speaker 1: vacation until they're well into college. Like, so it's like 1033 00:52:07,120 --> 00:52:09,600 Speaker 1: having a whole another me where I need like the 1034 00:52:09,680 --> 00:52:13,279 Speaker 1: kid version of all my different goals accounts, because it 1035 00:52:13,360 --> 00:52:15,640 Speaker 1: also takes away that because one of the things I 1036 00:52:15,680 --> 00:52:17,760 Speaker 1: think that hurts people with their savings goals is they'll 1037 00:52:18,120 --> 00:52:20,319 Speaker 1: have like a big savings goal and it's just like 1038 00:52:20,360 --> 00:52:24,160 Speaker 1: savings or it's you know, maybe it's retirement or maybe 1039 00:52:24,200 --> 00:52:26,440 Speaker 1: not retirement because you're investing for that, but you know, 1040 00:52:26,520 --> 00:52:29,000 Speaker 1: some big goal and then then the car breaks down 1041 00:52:29,280 --> 00:52:31,279 Speaker 1: or you want to take that vacation and you end 1042 00:52:31,360 --> 00:52:35,800 Speaker 1: up dipping into that one generic goal, that one generic 1043 00:52:35,840 --> 00:52:38,520 Speaker 1: savings fund and you kind of feel bad about it 1044 00:52:38,680 --> 00:52:41,839 Speaker 1: or like oh you know. And this almost like if 1045 00:52:41,880 --> 00:52:45,279 Speaker 1: you break it up into several goals then it helps you. Well, 1046 00:52:45,320 --> 00:52:47,200 Speaker 1: one you realize, oh crap, I got to say way 1047 00:52:47,239 --> 00:52:49,759 Speaker 1: more than I thought I did. But then second, like 1048 00:52:49,800 --> 00:52:53,239 Speaker 1: you plan to be you plan to be dipping into 1049 00:52:53,280 --> 00:52:55,280 Speaker 1: it and then replenishing it all the time. 1050 00:52:56,400 --> 00:52:56,640 Speaker 3: Yeah. 1051 00:52:57,080 --> 00:52:57,759 Speaker 4: Yeah. 1052 00:52:58,239 --> 00:53:00,640 Speaker 3: And again, one last thing that I want to add 1053 00:53:00,920 --> 00:53:03,880 Speaker 3: is not just in you know, investing in saving for 1054 00:53:03,920 --> 00:53:07,279 Speaker 3: your child doesn't necessarily have to happen through putting money 1055 00:53:07,320 --> 00:53:10,520 Speaker 3: into an account. It can happen through your earning ability too. 1056 00:53:10,840 --> 00:53:15,960 Speaker 3: Like I had mentioned earlier with Lou Tiffany on that one. 1057 00:53:15,400 --> 00:53:19,239 Speaker 1: You can like, yeah, you can invest in yourself, which 1058 00:53:19,280 --> 00:53:22,440 Speaker 1: is true, and it's almost like permission. Once you have 1059 00:53:22,480 --> 00:53:25,680 Speaker 1: a kid doesn't mean that you stop, you know, putting 1060 00:53:25,680 --> 00:53:28,320 Speaker 1: away things for your own because we're still young. I 1061 00:53:28,360 --> 00:53:31,680 Speaker 1: don't remember that you are. We still got things to 1062 00:53:31,719 --> 00:53:34,600 Speaker 1: do ourselves. Life doesn't have to end yet. Thank you 1063 00:53:34,640 --> 00:53:38,400 Speaker 1: for that reminder for sure. Well, Helen, thank you so 1064 00:53:38,520 --> 00:53:41,560 Speaker 1: much for joining us yet again. You guys got to 1065 00:53:41,600 --> 00:53:45,080 Speaker 1: go check out Helen's website. Capital Benchmark Partners will include 1066 00:53:45,120 --> 00:53:48,319 Speaker 1: link in our show notes and where else can they 1067 00:53:48,360 --> 00:53:51,160 Speaker 1: find you? I'm sure Capital Benchmark on all the socials 1068 00:53:51,160 --> 00:53:53,880 Speaker 1: and and uh yeah she's very googleable. 1069 00:53:54,800 --> 00:53:55,719 Speaker 4: Thank you for having me. 1070 00:54:28,640 --> 00:54:34,000 Speaker 2: And now it's time to pose. Still break up, still 1071 00:54:34,000 --> 00:54:39,760 Speaker 2: break up, still break Someone told me not last episode, 1072 00:54:39,760 --> 00:54:41,640 Speaker 2: but it was one episode. They were like, girl, you 1073 00:54:41,760 --> 00:54:45,160 Speaker 2: sounded tad. I was like, I wasn't even tired. You 1074 00:54:45,239 --> 00:54:48,160 Speaker 2: know what's so quick? Judge? You know? But you know 1075 00:54:48,320 --> 00:54:50,960 Speaker 2: that's like the worst one, like oh maybe you okay, 1076 00:54:50,960 --> 00:54:55,520 Speaker 2: you're tired. You're like me while you're like I hate 1077 00:54:55,560 --> 00:54:58,239 Speaker 2: when people tell me all look tired. I'm like, I'm 1078 00:54:58,280 --> 00:55:04,120 Speaker 2: actually not, but okay, So anyway, there's a little energy 1079 00:55:04,160 --> 00:55:07,920 Speaker 2: for you. So yes, are you going to boost or 1080 00:55:08,040 --> 00:55:10,840 Speaker 2: are you going to book? I'm actually mine is like 1081 00:55:10,840 --> 00:55:13,040 Speaker 2: a neutral. It's not a booster break. It's kind of like, yikes, 1082 00:55:13,080 --> 00:55:13,680 Speaker 2: what's going on? 1083 00:55:14,520 --> 00:55:17,080 Speaker 1: Can I do a boost? It's gonna sound pretty generic, 1084 00:55:17,120 --> 00:55:18,960 Speaker 1: but I have put some thought into this, and it's 1085 00:55:18,960 --> 00:55:22,239 Speaker 1: also gonna sound silly because this is like, this is 1086 00:55:22,320 --> 00:55:24,799 Speaker 1: our audience and this is who we are. But I 1087 00:55:24,840 --> 00:55:28,040 Speaker 1: want to do a boost specifically for black women, and 1088 00:55:28,360 --> 00:55:30,040 Speaker 1: I want to do a boost for black women at 1089 00:55:30,080 --> 00:55:34,200 Speaker 1: work and the black women, especially in corporate America when 1090 00:55:34,200 --> 00:55:37,440 Speaker 1: it can feel like you're one of a few. I 1091 00:55:37,480 --> 00:55:40,040 Speaker 1: know there's lots of people who don't have a choice 1092 00:55:40,080 --> 00:55:41,919 Speaker 1: but to work in places where maybe they're the only 1093 00:55:42,000 --> 00:55:45,000 Speaker 1: one or one a few. And I just was reflecting 1094 00:55:45,040 --> 00:55:49,760 Speaker 1: recently on over my career, how many like the truly 1095 00:55:49,800 --> 00:55:52,200 Speaker 1: and you know you were talking about Lynettekalfani Cox last 1096 00:55:52,200 --> 00:55:53,880 Speaker 1: week and how she really poured into you. And I 1097 00:55:53,960 --> 00:55:55,960 Speaker 1: was thinking back on my career and I'm thinking, who 1098 00:55:55,960 --> 00:56:00,319 Speaker 1: are the most who were the people who didn't never 1099 00:56:00,320 --> 00:56:04,359 Speaker 1: made me feel like asking for support or asking for 1100 00:56:04,920 --> 00:56:07,600 Speaker 1: you know, to chat or asking for advice was a 1101 00:56:07,640 --> 00:56:10,879 Speaker 1: burden on them. And who really just took time out 1102 00:56:11,000 --> 00:56:13,520 Speaker 1: to really pour into me and to help me when 1103 00:56:13,560 --> 00:56:16,520 Speaker 1: I was struggling and literally wanted me to succeed without 1104 00:56:16,520 --> 00:56:19,600 Speaker 1: knowing anything about me, just because they knew how hard 1105 00:56:19,600 --> 00:56:22,040 Speaker 1: it was out there for us in that environment. And 1106 00:56:22,680 --> 00:56:24,239 Speaker 1: I just got on my feels a little bit. So 1107 00:56:24,400 --> 00:56:26,359 Speaker 1: if you're out there and you're a black woman, I 1108 00:56:26,480 --> 00:56:31,160 Speaker 1: just love us. I love how we really lean on 1109 00:56:31,160 --> 00:56:34,080 Speaker 1: one another, even if it's the smallest thing you can do, 1110 00:56:34,200 --> 00:56:36,360 Speaker 1: just reaching out to a even a colleague that you 1111 00:56:36,400 --> 00:56:39,279 Speaker 1: don't even know that well, just to offer support or 1112 00:56:39,320 --> 00:56:42,239 Speaker 1: to see how they're doing, especially at times like this. 1113 00:56:43,080 --> 00:56:48,359 Speaker 1: I have just been blessed with the black sisterhood that is, 1114 00:56:48,880 --> 00:56:52,800 Speaker 1: you know, in these in these quiet places in corporate America. 1115 00:56:52,920 --> 00:56:56,080 Speaker 1: So just thank you. I love us, and we take care, 1116 00:56:56,200 --> 00:56:58,759 Speaker 1: we take good care of each other. And I'm just 1117 00:56:59,000 --> 00:57:01,920 Speaker 1: that's what I just came here say. That includes utif Obviously, 1118 00:57:03,760 --> 00:57:06,080 Speaker 1: Yeah that sounds generic, but I really have been reflecting 1119 00:57:06,120 --> 00:57:08,280 Speaker 1: on that lately, and it means a lot. 1120 00:57:08,800 --> 00:57:11,959 Speaker 2: Well, you love girl, you loved Okay, people always whatever 1121 00:57:11,960 --> 00:57:14,799 Speaker 2: they see me like, give this hugged the mandra I'm like, 1122 00:57:14,880 --> 00:57:17,520 Speaker 2: I don't like hugs, and they're like, I know, he goes, 1123 00:57:19,960 --> 00:57:24,080 Speaker 2: So this is not necessarily like a it's not definitely 1124 00:57:24,120 --> 00:57:25,600 Speaker 2: not a boost, and I don't know if it's a break. 1125 00:57:25,960 --> 00:57:29,160 Speaker 2: But Bill and Linda Gatsar getting a divorce. 1126 00:57:29,400 --> 00:57:31,439 Speaker 1: I just saw that. I was like, do I talk? 1127 00:57:31,480 --> 00:57:33,760 Speaker 1: Why does this mean something to me? But it does. 1128 00:57:34,840 --> 00:57:36,840 Speaker 1: Even billionaires can't do it, I know. 1129 00:57:36,960 --> 00:57:40,120 Speaker 2: I'm just like, so they've been married for twenty seven years. 1130 00:57:41,440 --> 00:57:46,800 Speaker 2: I just yeah, but they say that they're gonna, you know, 1131 00:57:47,560 --> 00:57:51,720 Speaker 2: they're gonna continue like their their foundation together. But I 1132 00:57:51,760 --> 00:57:52,080 Speaker 2: hope so. 1133 00:57:52,160 --> 00:57:54,120 Speaker 1: I mean that foundation is massive. 1134 00:57:53,880 --> 00:57:55,920 Speaker 2: Yes, and they've done such good work. I just I 1135 00:57:55,920 --> 00:57:58,960 Speaker 2: honestly don't know what to say because you know, you 1136 00:57:58,960 --> 00:58:00,080 Speaker 2: think to yourself, what he. 1137 00:58:02,280 --> 00:58:04,760 Speaker 1: Does seem like a difficult person. Do you see the documentary? 1138 00:58:04,840 --> 00:58:08,560 Speaker 2: Yeah, he seemed like she seemed like she's like, yeah. 1139 00:58:08,800 --> 00:58:11,280 Speaker 1: I feel like he's not gonna do date night very well, 1140 00:58:11,280 --> 00:58:13,560 Speaker 1: you know what I mean. Bill Gates ain't here for 1141 00:58:13,640 --> 00:58:17,120 Speaker 1: the rose petals. I've been loving that Bruno Mars song. 1142 00:58:17,160 --> 00:58:19,600 Speaker 1: I find any excuse to break into song now with that, 1143 00:58:19,880 --> 00:58:23,160 Speaker 1: leave the door open and there's one whatever, I'm stop 1144 00:58:23,240 --> 00:58:27,600 Speaker 1: with these like these these side spiraling mental thoughts, Mandy, 1145 00:58:27,960 --> 00:58:31,120 Speaker 1: But yeah, Bill Gates seems really difficult. There was like 1146 00:58:31,120 --> 00:58:34,040 Speaker 1: a there was a documentary on Netflix, and I think 1147 00:58:34,080 --> 00:58:37,280 Speaker 1: she even spoke just about the challenges of being carried 1148 00:58:37,280 --> 00:58:38,640 Speaker 1: to a genius scene. 1149 00:58:38,400 --> 00:58:39,840 Speaker 2: And she even said she's like, I don't think my 1150 00:58:39,920 --> 00:58:44,120 Speaker 2: husband's that interesting. I was like, I didn't know, you know, like, 1151 00:58:44,160 --> 00:58:45,440 Speaker 2: but you know, that's the kind of iyeroll you gave 1152 00:58:45,480 --> 00:58:48,320 Speaker 2: when someone's like, oh my gosh, you like girl, please 1153 00:58:48,600 --> 00:58:49,640 Speaker 2: have you seen his underwear? 1154 00:58:49,640 --> 00:58:53,800 Speaker 1: Please me, Linda. Part of me is like listen. As 1155 00:58:53,840 --> 00:58:56,000 Speaker 1: a childhood divorce, I remember thinking my mom was such 1156 00:58:56,000 --> 00:58:58,520 Speaker 1: a hero when okay, this is not to shade my dad, 1157 00:58:58,600 --> 00:59:01,400 Speaker 1: it was it was I've learned sin. Then there's two 1158 00:59:01,440 --> 00:59:03,600 Speaker 1: sides of the story. But anyway, at the time, I 1159 00:59:03,640 --> 00:59:06,200 Speaker 1: was like, Wow, my mom is so brave. She's choosing joy, 1160 00:59:06,280 --> 00:59:10,040 Speaker 1: she's choosing herself and you know, and she didn't have 1161 00:59:10,080 --> 00:59:12,760 Speaker 1: billions of dollars at her behest. But I always feel 1162 00:59:12,800 --> 00:59:15,320 Speaker 1: like if it's the best thing for a couple, especially 1163 00:59:15,320 --> 00:59:17,960 Speaker 1: if they're older, I mean, they're not super young anymore, 1164 00:59:17,960 --> 00:59:19,280 Speaker 1: and they still have a lot of life to live. 1165 00:59:19,320 --> 00:59:23,680 Speaker 1: It's almost like they've chosen, they've chosen joy, and they've chosen, 1166 00:59:24,240 --> 00:59:27,440 Speaker 1: you know, the right thing for themselves versus whatever the 1167 00:59:27,480 --> 00:59:28,800 Speaker 1: public is going to think about them. 1168 00:59:28,960 --> 00:59:31,520 Speaker 2: Yeah, and also too, I suspect I don't know how 1169 00:59:31,520 --> 00:59:34,720 Speaker 2: old their children are, but I suspect that probably was 1170 00:59:34,720 --> 00:59:36,480 Speaker 2: in the works for a little while, and they were 1171 00:59:36,520 --> 00:59:38,320 Speaker 2: waiting for their kids to get a little older, you know. 1172 00:59:39,360 --> 00:59:42,800 Speaker 1: Yeah, yeah whenever her friends of mine who like parents divorce, 1173 00:59:42,840 --> 00:59:44,439 Speaker 1: there are parents who wait till the kids are grown, 1174 00:59:44,480 --> 00:59:46,160 Speaker 1: you know, in college, and then they get divorced, and 1175 00:59:46,200 --> 00:59:48,960 Speaker 1: then the kids are so like sometimes gonna be so devastated. 1176 00:59:48,960 --> 00:59:50,720 Speaker 1: And I'm like, I don't know what's worse when you're 1177 00:59:50,720 --> 00:59:53,120 Speaker 1: ten or when you're twenty five. I don't know. It's 1178 00:59:53,400 --> 00:59:54,920 Speaker 1: it's hard, but it is. 1179 00:59:55,680 --> 00:59:57,840 Speaker 2: Yeah. So I mean, there's definitely a booster break. But 1180 00:59:57,880 --> 01:00:00,040 Speaker 2: I just when I saw, I was like, wait what, 1181 01:00:00,840 --> 01:00:03,800 Speaker 2: But so I guess we'll see. They don't seem messy. 1182 01:00:03,960 --> 01:00:05,920 Speaker 2: I mean when Jeff Basils and his wife got divorced, 1183 01:00:06,000 --> 01:00:09,280 Speaker 2: Jeff Bezils seems messy. Though I don't know he was. 1184 01:00:09,840 --> 01:00:12,240 Speaker 1: He was, I mean, you know. 1185 01:00:12,400 --> 01:00:15,320 Speaker 2: So I know, so I guess we'll see what comes 1186 01:00:15,320 --> 01:00:18,960 Speaker 2: out of this. But it doesn't. Bill doesn't seem like 1187 01:00:19,000 --> 01:00:21,520 Speaker 2: he was a tom katting around like, yeah, I got 1188 01:00:21,600 --> 01:00:24,439 Speaker 2: all these ladies. I mean, you never know. I will 1189 01:00:24,440 --> 01:00:27,480 Speaker 2: say that you never knew, but you know, I don't know. 1190 01:00:27,680 --> 01:00:29,880 Speaker 2: She just you know. I mean obviously, people choose happiness, 1191 01:00:29,960 --> 01:00:33,440 Speaker 2: choose themselves, and so so yeah, I mean. 1192 01:00:34,160 --> 01:00:38,280 Speaker 1: People give what do we I know, and especially black 1193 01:00:38,280 --> 01:00:40,320 Speaker 1: Twitter loves whenever Will and Jada come out with something 1194 01:00:40,360 --> 01:00:43,240 Speaker 1: new about their relationship, and I know that there's I 1195 01:00:43,320 --> 01:00:47,560 Speaker 1: think that there's become this this this growing support for 1196 01:00:48,160 --> 01:00:51,280 Speaker 1: or growing like a questioning of why are they still 1197 01:00:51,360 --> 01:00:54,000 Speaker 1: together if it seems like they really have struggled so much, 1198 01:00:54,440 --> 01:00:57,600 Speaker 1: And there's this line of thinking around like they have 1199 01:00:57,680 --> 01:00:59,520 Speaker 1: come out and said how tough things have been, and 1200 01:00:59,560 --> 01:01:04,400 Speaker 1: like talked to about affairs that they've had, and it's 1201 01:01:04,440 --> 01:01:07,720 Speaker 1: almost like, at what point, what are you staying for? 1202 01:01:08,080 --> 01:01:11,520 Speaker 1: You know, are you staying because it truly is best 1203 01:01:11,600 --> 01:01:14,000 Speaker 1: for you, or are you staying because you just want 1204 01:01:14,040 --> 01:01:17,640 Speaker 1: to you know, you believe in the institution or I 1205 01:01:17,640 --> 01:01:19,880 Speaker 1: know some people feel like it's religious they have to 1206 01:01:20,360 --> 01:01:24,080 Speaker 1: they don't want to disappoint, you know, or fall out 1207 01:01:24,120 --> 01:01:26,680 Speaker 1: of line with their beliefs and things like that. But 1208 01:01:26,960 --> 01:01:30,680 Speaker 1: I yeah, it's it's tough. I just feel like we 1209 01:01:30,720 --> 01:01:33,120 Speaker 1: were just talking about, you know, doing what makes you 1210 01:01:33,160 --> 01:01:36,000 Speaker 1: feel happiest. And dude, if I wake up and I'm 1211 01:01:36,320 --> 01:01:39,919 Speaker 1: in my sixties and miserable with husband, I mean, god forbid, 1212 01:01:39,920 --> 01:01:42,120 Speaker 1: I don't think I will. But you know, miserable with husby. 1213 01:01:42,240 --> 01:01:45,880 Speaker 1: I hope that we're brave enough even then to to 1214 01:01:45,960 --> 01:01:49,160 Speaker 1: find joy, to you know, to find it, to start 1215 01:01:49,200 --> 01:01:51,160 Speaker 1: a new chapter and to find joy. 1216 01:01:51,920 --> 01:01:54,960 Speaker 2: I feel like, honestly, maybe because I got married, like later, 1217 01:01:55,960 --> 01:01:57,440 Speaker 2: me and me and some men, I always are like 1218 01:01:57,640 --> 01:02:03,880 Speaker 2: tell seeze, I am not say it unhappy. I'm like, 1219 01:02:04,200 --> 01:02:06,680 Speaker 2: will be. I mean, I see how he is as 1220 01:02:06,720 --> 01:02:11,000 Speaker 2: a cold parent. He's great, you know with super super 1221 01:02:11,600 --> 01:02:15,440 Speaker 2: Girl's mom, and he's a great father whether or not. 1222 01:02:15,600 --> 01:02:18,640 Speaker 2: You know, you know, we have her literally half the time, 1223 01:02:18,680 --> 01:02:20,200 Speaker 2: two weeks on, two weeks off, three weeks on, three 1224 01:02:20,240 --> 01:02:22,600 Speaker 2: weeks off. That's what we do. So I see how 1225 01:02:22,600 --> 01:02:24,520 Speaker 2: he is. He's an amazing father. Like literally I was. 1226 01:02:25,120 --> 01:02:26,880 Speaker 2: He came downstairs today. I was like, oh, come sit 1227 01:02:26,920 --> 01:02:29,120 Speaker 2: with me on the couch. He said, nope, it's Supergirl. 1228 01:02:29,160 --> 01:02:31,440 Speaker 2: Time because she was outside outside of the front porch 1229 01:02:31,960 --> 01:02:34,440 Speaker 2: just chilling, and so I just thought that was so cute. 1230 01:02:34,440 --> 01:02:36,120 Speaker 2: And so he's like, i'll get you later on tonight. 1231 01:02:36,160 --> 01:02:39,680 Speaker 2: I was like, whatever, I don't know, but I love 1232 01:02:39,720 --> 01:02:43,280 Speaker 2: that honestly that he like makes a concerted effort to say, 1233 01:02:43,840 --> 01:02:46,600 Speaker 2: spend time with my daughter. You know, what are the 1234 01:02:46,600 --> 01:02:48,400 Speaker 2: fun things she likes to do. You should have seen 1235 01:02:48,400 --> 01:02:51,480 Speaker 2: this morning. He he is such a what is it? 1236 01:02:51,480 --> 01:02:52,720 Speaker 2: It's a curmudgeon? What are those? 1237 01:02:52,800 --> 01:02:53,120 Speaker 1: What is this? 1238 01:02:53,200 --> 01:02:54,200 Speaker 2: What's the old person? 1239 01:02:55,120 --> 01:02:55,240 Speaker 3: Like? 1240 01:02:55,400 --> 01:02:58,720 Speaker 2: Just the key? Yes, he is very ordinary. In the morning, 1241 01:02:58,760 --> 01:03:01,560 Speaker 2: he made her pancakes and eggs and all this stuff. 1242 01:03:01,600 --> 01:03:03,760 Speaker 2: So he knocked out her door, good morning baby. I 1243 01:03:03,800 --> 01:03:05,360 Speaker 2: guess she didn't move fast enough from he was like, 1244 01:03:05,400 --> 01:03:07,520 Speaker 2: are you the queen of Sheba? I med your breakfast? 1245 01:03:07,560 --> 01:03:08,040 Speaker 2: Get up again. 1246 01:03:08,280 --> 01:03:10,320 Speaker 1: I was like, how you she didn't ask. 1247 01:03:10,200 --> 01:03:12,000 Speaker 2: For your breakfast? You came in the room. I'm sure 1248 01:03:12,040 --> 01:03:14,120 Speaker 2: the girl was tired, and you look at her like, 1249 01:03:14,120 --> 01:03:16,360 Speaker 2: get up and get your breakfast quickly. So I just 1250 01:03:16,360 --> 01:03:18,240 Speaker 2: thought that was like, that is so superman. But I 1251 01:03:18,240 --> 01:03:20,480 Speaker 2: say all that to say that as much as I 1252 01:03:20,480 --> 01:03:25,560 Speaker 2: love him, I love my self and I'm not staying unhappy, right, yeah, 1253 01:03:25,560 --> 01:03:28,680 Speaker 2: because you know it's possible to me looking at the 1254 01:03:28,720 --> 01:03:33,880 Speaker 2: way Alyssa has turned out. She is smart, she is respectful. 1255 01:03:33,960 --> 01:03:35,560 Speaker 2: I mean, now come, remember we had the times. Well 1256 01:03:35,560 --> 01:03:39,320 Speaker 2: she was never disrespectful, just sassy, but she is respectful. 1257 01:03:39,800 --> 01:03:43,040 Speaker 2: She is just like an all around honestly an awesome kid. 1258 01:03:43,600 --> 01:03:47,240 Speaker 2: And she's you know, raised by two parents were not 1259 01:03:47,320 --> 01:03:51,560 Speaker 2: together and yet honestly, I mean, you know, I was 1260 01:03:51,560 --> 01:03:53,640 Speaker 2: a teacher for so many years. I don't know, like 1261 01:03:54,000 --> 01:03:56,120 Speaker 2: she's just I don't want to say well adjusted because 1262 01:03:56,360 --> 01:03:58,760 Speaker 2: they haven't been together since she was like three. But 1263 01:03:59,280 --> 01:04:04,080 Speaker 2: it's possible to raise a happy, smart, great kid even 1264 01:04:04,120 --> 01:04:05,880 Speaker 2: if you're not together. That's proof positive. 1265 01:04:06,000 --> 01:04:10,240 Speaker 1: So oh yeah, so yeah, and your kids, like my mom, 1266 01:04:10,840 --> 01:04:13,680 Speaker 1: My favorite years as with my mom, I always think 1267 01:04:13,680 --> 01:04:16,480 Speaker 1: by the golden years was after that divorce because she 1268 01:04:16,600 --> 01:04:18,800 Speaker 1: was so free. It was fun. Did you watch her 1269 01:04:18,800 --> 01:04:21,440 Speaker 1: get dressed up for a date. And the lesson I 1270 01:04:21,560 --> 01:04:23,520 Speaker 1: learned from that, you know, once I got older and 1271 01:04:23,560 --> 01:04:25,920 Speaker 1: she was like, yeah we were, it was really stressful obviously, 1272 01:04:25,960 --> 01:04:30,280 Speaker 1: and I was devastated, but I remember before that, it 1273 01:04:30,320 --> 01:04:33,880 Speaker 1: was just it was anger and arguments and bad and 1274 01:04:33,920 --> 01:04:37,640 Speaker 1: I think if you have kids especially, but also it's 1275 01:04:37,640 --> 01:04:39,200 Speaker 1: for your own happiness. I mean, no one wants to 1276 01:04:39,240 --> 01:04:41,840 Speaker 1: live in that kind of environment. It's just life is 1277 01:04:41,880 --> 01:04:44,800 Speaker 1: too short, you know, like life is too short, and 1278 01:04:44,920 --> 01:04:46,800 Speaker 1: I think you have to take time and do what's 1279 01:04:46,840 --> 01:04:49,320 Speaker 1: right for you. But sometimes you have to be brave 1280 01:04:49,440 --> 01:04:53,240 Speaker 1: enough to, yeah, to put yourself first and to put 1281 01:04:53,240 --> 01:04:55,720 Speaker 1: your happiness first above what other people think and above 1282 01:04:56,560 --> 01:04:59,960 Speaker 1: you know, the perfect idea of whatever the relationship is. 1283 01:05:00,640 --> 01:05:02,880 Speaker 1: And it's and it's okay as married women to talk 1284 01:05:02,880 --> 01:05:06,040 Speaker 1: about that too. I think it's it's just for me. 1285 01:05:06,120 --> 01:05:08,880 Speaker 1: It's like planning for you know, having life insurance that 1286 01:05:09,200 --> 01:05:11,520 Speaker 1: hope we never use it, you know, hope I don't die. 1287 01:05:11,920 --> 01:05:14,320 Speaker 1: It's uncomfortable to talk about death, but it's uncomfortable to 1288 01:05:14,320 --> 01:05:17,120 Speaker 1: talk about divorce, but why not why not talk about 1289 01:05:17,160 --> 01:05:21,080 Speaker 1: it and and you know, have a plan for what 1290 01:05:21,200 --> 01:05:24,360 Speaker 1: if it doesn't take away anything from your relationship. But financially, 1291 01:05:24,840 --> 01:05:28,160 Speaker 1: I've always been prepared. I've been prepared to walk from 1292 01:05:28,200 --> 01:05:30,200 Speaker 1: a relationship before I even was in one, you know, 1293 01:05:30,320 --> 01:05:32,400 Speaker 1: because I was like, I want that freedom to be 1294 01:05:32,520 --> 01:05:36,760 Speaker 1: able to to be independent and to take care of myself. 1295 01:05:36,760 --> 01:05:40,240 Speaker 1: And that was always like one of the cornerstones of 1296 01:05:40,840 --> 01:05:43,920 Speaker 1: my financial strategy as a as a young woman. And 1297 01:05:43,960 --> 01:05:47,440 Speaker 1: I think that's okay, good and it's true. 1298 01:05:48,120 --> 01:05:50,240 Speaker 2: Just and this is just like a light break. So 1299 01:05:50,320 --> 01:05:52,160 Speaker 2: people have started, I don't know how people started. Like 1300 01:05:52,280 --> 01:05:54,960 Speaker 2: people who were not like you're close to have started 1301 01:05:55,000 --> 01:05:57,440 Speaker 2: asking me to meet up. Like I've gotten a couple 1302 01:05:57,480 --> 01:06:01,320 Speaker 2: of ooh, Tiffany, hey, you know, would love to you know, 1303 01:06:02,360 --> 01:06:04,560 Speaker 2: meet up for coffee to ask you some questions about this. 1304 01:06:04,640 --> 01:06:05,200 Speaker 4: I'm like, uh what. 1305 01:06:07,480 --> 01:06:10,960 Speaker 2: Like on zoom. So that started literally within like the 1306 01:06:11,040 --> 01:06:13,080 Speaker 2: last week or so, I've gotten because you know that 1307 01:06:13,200 --> 01:06:15,400 Speaker 2: that happens. People will ask to like it's not the 1308 01:06:15,440 --> 01:06:17,919 Speaker 2: meetup part or like, you know, asking questions, that's normal. 1309 01:06:17,960 --> 01:06:20,000 Speaker 2: I'm like, if I have time, I make time. But 1310 01:06:20,280 --> 01:06:23,480 Speaker 2: physically wanting to meet up, I'm like, what the is 1311 01:06:23,520 --> 01:06:24,760 Speaker 2: the panorama done? 1312 01:06:25,200 --> 01:06:28,600 Speaker 1: They're feeling they probably got vaccinated, they're feeling good girl. 1313 01:06:28,600 --> 01:06:32,400 Speaker 2: Not with strangers. I'm like, six, okay. I mean, like 1314 01:06:32,440 --> 01:06:35,080 Speaker 2: I said, like obviously, like you know, if you're like, oh, hey, Ted, 1315 01:06:35,080 --> 01:06:37,280 Speaker 2: you came over, that's no problem. But you know it's 1316 01:06:37,320 --> 01:06:40,920 Speaker 2: the people who pick your brain. Folks who normally, like 1317 01:06:40,920 --> 01:06:43,280 Speaker 2: like I said, I don't mind being like jumping on 1318 01:06:43,320 --> 01:06:45,720 Speaker 2: a call or doing a zoom but you want to 1319 01:06:45,760 --> 01:06:48,160 Speaker 2: meet you want to call for me a person. Mmmm, 1320 01:06:48,560 --> 01:06:51,640 Speaker 2: so it's been so awkward. I'm like, I, Hi, thank 1321 01:06:51,640 --> 01:06:53,440 Speaker 2: you so much. I mean, i don't mind planning a 1322 01:06:53,520 --> 01:06:56,200 Speaker 2: zoom call, but I'm currently not meeting people in person. 1323 01:06:56,560 --> 01:06:58,520 Speaker 2: Sit what now? I just thought that was so honest. 1324 01:06:58,600 --> 01:07:00,960 Speaker 2: I got like three or four in the last last 1325 01:07:01,000 --> 01:07:03,720 Speaker 2: week or so, and I'm like, wow, are people feeling 1326 01:07:03,760 --> 01:07:06,000 Speaker 2: like everything's back to normal? Because the way they're saying it, 1327 01:07:06,080 --> 01:07:08,360 Speaker 2: like yeah, just you know, I'm growing something in my 1328 01:07:08,440 --> 01:07:11,480 Speaker 2: business and blah blah blah. And my mentor said that, 1329 01:07:11,600 --> 01:07:13,040 Speaker 2: you know, you'd be a great person to connect with, 1330 01:07:13,080 --> 01:07:15,640 Speaker 2: which I'm like, that's fine, but I'm not going to 1331 01:07:15,680 --> 01:07:19,160 Speaker 2: Starbucks with you so I can cough on strangers in person. 1332 01:07:19,240 --> 01:07:22,920 Speaker 2: I just I'd rather rather a zoom where I know 1333 01:07:22,960 --> 01:07:23,760 Speaker 2: your limits. 1334 01:07:23,920 --> 01:07:24,120 Speaker 3: Yeah. 1335 01:07:24,160 --> 01:07:25,920 Speaker 2: So I just yeah, I just thought that was Like, 1336 01:07:26,280 --> 01:07:28,800 Speaker 2: I don't know, it's just very interesting or even speaking 1337 01:07:28,840 --> 01:07:31,520 Speaker 2: engagement folks have been reaching out. That to me is 1338 01:07:31,560 --> 01:07:33,960 Speaker 2: even odder. So, like, Hey, planning this big thing where 1339 01:07:34,000 --> 01:07:37,040 Speaker 2: there's gonna be forty people, I'm sure somebody will have COVID. 1340 01:07:37,280 --> 01:07:39,640 Speaker 2: You want to come. You can be the keynote. I'm like, 1341 01:07:41,600 --> 01:07:43,640 Speaker 2: so I've been getting a couple of those, and I'm like, yeah, 1342 01:07:43,680 --> 01:07:45,400 Speaker 2: not yet, too soon, since too soon. 1343 01:07:45,960 --> 01:07:48,760 Speaker 1: So I'm feeling a little giddy after I got my 1344 01:07:48,800 --> 01:07:51,240 Speaker 1: second dose and now I'm fully vaccinated. I've heard though, 1345 01:07:51,240 --> 01:07:53,439 Speaker 1: you have to get like a booster shot. So listen, y'all. 1346 01:07:53,960 --> 01:07:57,240 Speaker 1: You know it ain't it ain't over. Okay, So I 1347 01:07:57,280 --> 01:07:59,760 Speaker 1: think you know. I got my cute stock of masks. 1348 01:08:00,640 --> 01:08:03,120 Speaker 1: Good to be a thing for a thing, you know, 1349 01:08:03,200 --> 01:08:05,560 Speaker 1: a thing thing. And honestly, like the parents I know 1350 01:08:05,600 --> 01:08:07,320 Speaker 1: who have kids, they are like, this is amazing. My 1351 01:08:07,400 --> 01:08:09,880 Speaker 1: kids haven't been sick. They're usually just like running nose 1352 01:08:10,000 --> 01:08:12,800 Speaker 1: and ill all the time from all the other Germy 1353 01:08:12,960 --> 01:08:16,839 Speaker 1: cesspool daycare kids. So yeah, this mask life is fine 1354 01:08:16,960 --> 01:08:19,920 Speaker 1: by me. I will say. I had like neighbors over 1355 01:08:20,000 --> 01:08:23,519 Speaker 1: for a cookout outdoors. It felt so good, tip, It 1356 01:08:23,560 --> 01:08:27,080 Speaker 1: felt so nice to just like hang out with other 1357 01:08:27,160 --> 01:08:29,880 Speaker 1: adults and we cooked and it was just very it 1358 01:08:29,920 --> 01:08:31,680 Speaker 1: was back to simple things. We made hot dogs and 1359 01:08:31,720 --> 01:08:34,320 Speaker 1: burgers and sat down. Okay, fine, I made a little 1360 01:08:34,320 --> 01:08:38,479 Speaker 1: fancy coconut margarita. But it was so fun and it 1361 01:08:38,520 --> 01:08:41,320 Speaker 1: was so impromptu and I am excited for that next phase. 1362 01:08:41,400 --> 01:08:43,320 Speaker 1: But nah, not for just randoms. 1363 01:08:43,439 --> 01:08:46,719 Speaker 2: No, yeah, people, I would never eat hot dogs except 1364 01:08:46,760 --> 01:08:49,280 Speaker 2: for doing cookouts. I'm like, what, I but as a 1365 01:08:49,320 --> 01:08:51,599 Speaker 2: kid could yeah, but like you know, like I would 1366 01:08:51,600 --> 01:08:52,720 Speaker 2: never be like, you know what, I'm going to have 1367 01:08:52,720 --> 01:08:54,400 Speaker 2: a hot dog tonight, like in the house, you know, 1368 01:08:54,920 --> 01:08:56,400 Speaker 2: but like doing a cookout. I'm like, wait, you know 1369 01:08:56,439 --> 01:09:01,679 Speaker 2: hot dogs. I feel like it's such a cookout bood. 1370 01:09:01,720 --> 01:09:04,280 Speaker 2: But yeah, so that's it. Just like like a not 1371 01:09:04,400 --> 01:09:07,280 Speaker 2: necessary breaker boost with Melinda and Bill Gates. We wish 1372 01:09:07,400 --> 01:09:11,360 Speaker 2: them well, but certainly a break from not yet folks 1373 01:09:11,400 --> 01:09:16,960 Speaker 2: about meeting non inner circle people like in person for 1374 01:09:17,000 --> 01:09:17,479 Speaker 2: the first. 1375 01:09:17,320 --> 01:09:19,960 Speaker 1: Repect people's boundaries if your comfort cool, but you know, 1376 01:09:20,080 --> 01:09:22,599 Speaker 1: I think respecting boundaries you still have to just people 1377 01:09:22,640 --> 01:09:23,679 Speaker 1: have different comfort levels. 1378 01:09:23,760 --> 01:09:26,360 Speaker 2: Yes, and so so I'm waiting my second back. So 1379 01:09:26,360 --> 01:09:29,000 Speaker 2: I got my first shot, like last week, my arm 1380 01:09:29,080 --> 01:09:30,200 Speaker 2: was woo No one told me about that. 1381 01:09:30,240 --> 01:09:30,559 Speaker 4: Woof. 1382 01:09:31,280 --> 01:09:33,720 Speaker 1: It feels like someone punches you at the rock. 1383 01:09:33,880 --> 01:09:36,200 Speaker 2: Yeah, well, not the actual shot itself, but like the 1384 01:09:36,320 --> 01:09:36,920 Speaker 2: next day. 1385 01:09:36,800 --> 01:09:39,439 Speaker 1: I was no, yeah, oh this is what we're doing. 1386 01:09:40,040 --> 01:09:41,560 Speaker 2: I forgot my ar I'm like, oh my god, you 1387 01:09:41,640 --> 01:09:44,640 Speaker 2: okay girl, and then like the exhaustion. I don't know 1388 01:09:44,680 --> 01:09:47,519 Speaker 2: for me, but I was really tired for like a 1389 01:09:47,600 --> 01:09:50,680 Speaker 2: day and a half and so hopefully you know, the 1390 01:09:50,720 --> 01:09:53,320 Speaker 2: next shot won't do me so dirty. 1391 01:09:53,800 --> 01:09:54,960 Speaker 1: I'm glad you're halfway there. 1392 01:09:55,160 --> 01:09:56,719 Speaker 2: I know, halfway there. 1393 01:09:59,360 --> 01:10:02,680 Speaker 1: Happy Holida Dasa fan. Thank you for joining us as 1394 01:10:02,720 --> 01:10:05,679 Speaker 1: we looked back at some of our favorite Brown Ambition 1395 01:10:05,800 --> 01:10:09,000 Speaker 1: conversations from the past year. Check back in with us 1396 01:10:09,000 --> 01:10:11,320 Speaker 1: soon as we take on a brand new year and 1397 01:10:11,400 --> 01:10:14,080 Speaker 1: bring you everything you need to know so you can 1398 01:10:14,120 --> 01:10:17,479 Speaker 1: take control of your financial and professional future on your 1399 01:10:17,520 --> 01:10:18,320 Speaker 1: own terms.