WEBVTT - STACEY TISDALE CREDIT CHRONICLEs 0:00:00.000 --> 0:00:04.160 He's DJ Envy, Angela Yee, Charlomagne the God. We are 0:00:04.200 --> 0:00:07.120 the Breakfast Club. We have a special guest in the building. 0:00:07.440 --> 0:00:09.680 We have some guests, I should say, Stacy Tisdale is 0:00:09.680 --> 0:00:11.280 here and you brought some people with you today. Stacey, 0:00:11.400 --> 0:00:13.520 I did bring some people with me today. We are 0:00:13.720 --> 0:00:16.680 very happy to have Marcus and Tina, who are a 0:00:16.720 --> 0:00:19.759 couple that we're going to be taking through an eight 0:00:19.760 --> 0:00:22.720 week process to help them get their finances in order 0:00:22.840 --> 0:00:25.720 to help them get their debt under control, and everybody's 0:00:25.760 --> 0:00:28.319 going to be able to learn about their story from 0:00:28.360 --> 0:00:30.920 a series Angela and I are doing with Wealth Wednesdays 0:00:30.920 --> 0:00:34.760 called Credit Chronicles, which we're doing with an app called 0:00:34.840 --> 0:00:37.200 self that I know a lot of people really wanted 0:00:37.240 --> 0:00:39.519 to learn more about what helps you save money and 0:00:39.560 --> 0:00:43.080 build credit. And we also are very honored to be 0:00:43.240 --> 0:00:45.800 joined by Stacey P. So we got Stacey t and 0:00:45.880 --> 0:00:50.680 Stacy P. And Stacy P is a financial well being 0:00:50.760 --> 0:00:54.040 coach with Operation Hope, and Operation Hope is I think 0:00:54.040 --> 0:00:57.360 the biggest financial empowerment organization in the world. They have 0:00:58.200 --> 0:01:01.160 curriculum for students and they have their Hope centers all 0:01:01.160 --> 0:01:04.399 over the country where people can get free credit and 0:01:04.520 --> 0:01:07.039 financial counseling, So that's why we wanted to bring that 0:01:07.120 --> 0:01:10.360 to your attention. So between Self and Operation Hope, we 0:01:10.360 --> 0:01:14.400 got y'all covered, all right, So let's go over the 0:01:14.480 --> 0:01:19.040 couple here that we have, Marcus and Tina. So clearly 0:01:19.080 --> 0:01:21.200 you guys are working with Operation Hope and with Self 0:01:21.240 --> 0:01:23.479 to rebuild your credit. So there must be some financial 0:01:23.560 --> 0:01:26.760 issues that you have, because I always hear that financial 0:01:26.760 --> 0:01:29.000 reasons are one of the main reasons that couples actually 0:01:29.160 --> 0:01:33.640 end up getting divorced. We do have financial issues. We 0:01:33.720 --> 0:01:37.759 have student loan and we have some credit cards. So 0:01:38.080 --> 0:01:39.920 how did you get so hurt with credit? Was it 0:01:40.120 --> 0:01:41.600 when you went to college they gave you those free 0:01:41.600 --> 0:01:43.680 credit cards and you rock them out and then you 0:01:43.720 --> 0:01:47.440 realize that the interest rates were Actually that was a 0:01:47.440 --> 0:01:50.440 little bit different than that. What it needs. The student 0:01:50.520 --> 0:01:54.080 loans is more of the biggest thing there. You didn't 0:01:54.120 --> 0:01:56.640 go crazy with the credit, but you know it's still 0:01:56.680 --> 0:01:59.040 there where we need to work on it. But it's 0:01:59.080 --> 0:02:02.000 not that way. So how much student loan? How much 0:02:02.000 --> 0:02:05.160 in debt are you guys? Student loan is over one 0:02:05.240 --> 0:02:08.000 hundred thousand. Student loans are about one hundred dollars. The 0:02:08.040 --> 0:02:11.760 credit cards are about ten twelve. Yes, And when couples 0:02:11.760 --> 0:02:14.160 get married, you guys have each other's debt, right is that? 0:02:14.919 --> 0:02:16.760 Is that correct? Even if one of you has good 0:02:16.760 --> 0:02:19.080 credit and the other one doesn't matter, you get you 0:02:19.080 --> 0:02:21.520 received that debt. Rememb when I graduated out of college 0:02:21.520 --> 0:02:24.639 and I paid my my U my school loan off 0:02:24.680 --> 0:02:26.520 and I was getting a refund check and I was 0:02:26.560 --> 0:02:29.040 so excited, and I just got married and they took it. 0:02:29.040 --> 0:02:30.880 And I couldn't understand why they took it. But I 0:02:30.960 --> 0:02:34.120 got married and my wife had had had student loans 0:02:34.160 --> 0:02:36.919 and in credit problems, and they took all andy. That's 0:02:37.280 --> 0:02:38.960 and they took all my money and I was mad. 0:02:39.080 --> 0:02:41.320 But that's why when you get married, that's interesting. Did 0:02:41.320 --> 0:02:43.200 you get into us last year? Yeah? Did you guys 0:02:43.240 --> 0:02:46.000 discuss that before you get married, like what financial situation 0:02:46.080 --> 0:02:49.480 you were in? Yes, I know that he had student loan, 0:02:49.560 --> 0:02:52.119 but I didn't know as he said that they take 0:02:52.240 --> 0:02:58.000 you all. I was looking forward to talk about that. 0:02:58.639 --> 0:03:01.360 I was. I was honest with with that part. Before 0:03:01.480 --> 0:03:03.440 we got married. I was like, I gotta let you 0:03:03.520 --> 0:03:06.480 know something. You know, this is my student, My situation 0:03:06.520 --> 0:03:09.799 with the student loans and credit. So I was honest 0:03:09.800 --> 0:03:12.080 with her. She still decided to marry me even after all. 0:03:13.919 --> 0:03:18.359 That's so important because so many couples aren't honest with 0:03:18.400 --> 0:03:21.400 each other before they get married or even in their marriages. 0:03:21.560 --> 0:03:24.840 I think we were talking about we got thirteen million 0:03:24.840 --> 0:03:28.800 Americans committing something called financial infidelity, where like, you know, 0:03:28.880 --> 0:03:31.880 half the millennial population doesn't even know how much their 0:03:31.880 --> 0:03:34.960 spouse makes. They don't tell each other about different accounts. 0:03:34.960 --> 0:03:36.920 They don't tell each other about their debt or if 0:03:36.920 --> 0:03:38.800 you get a bonus, or if you get a bonus 0:03:38.840 --> 0:03:40.960 with all that stuff. And I remember when I was little, 0:03:41.040 --> 0:03:42.960 my mom and I would go shopping and we'd hide 0:03:43.000 --> 0:03:45.960 those bags. I'm sure I did that. But you know, 0:03:46.080 --> 0:03:49.559 these two were really honest with each other. And that's 0:03:49.600 --> 0:03:51.480 a lot of people will ask me, you know, should 0:03:51.480 --> 0:03:53.440 I even date or marry somebody if they have a 0:03:53.480 --> 0:03:55.640 bad credit score? And the real truth is, and they're 0:03:55.680 --> 0:03:59.840 such a great example. Anybody can get into financial difficulties, 0:04:00.160 --> 0:04:03.440 but if someone's honest with you, and if they're willing 0:04:03.480 --> 0:04:05.320 to take a plan, it's even the journey you can 0:04:05.360 --> 0:04:08.680 go on together. That's what's really important. Is that's something 0:04:08.760 --> 0:04:11.160 now those stacy do people look at Like when I 0:04:11.200 --> 0:04:13.720 was dating my wife, we didn't look at each other's 0:04:13.760 --> 0:04:15.920 credit or anything like that. That wasn't an option. We 0:04:16.000 --> 0:04:17.839 just in love. I don't need to Charlemagne, did you 0:04:17.839 --> 0:04:19.960 you and your wife within the yellow at each other credit? No, 0:04:20.080 --> 0:04:24.320 I didn't have no credit with no credit. In fact, 0:04:24.400 --> 0:04:27.159 in fact, she actually, she actually was one of the 0:04:27.160 --> 0:04:30.240 people that told me to get a secure DEMOCRD to 0:04:30.320 --> 0:04:32.880 build credit. Yeah, I didn't. It wasn't a conversation. Is 0:04:32.880 --> 0:04:37.839 that a conversation you suggesting people should have now when they, oh, yeah, 0:04:38.120 --> 0:04:41.520 I know my boyfriend's credit score and everything. Stats are 0:04:42.240 --> 0:04:45.040 saying that half of millent that's important and half of millennials. 0:04:45.360 --> 0:04:47.720 I think, um, and I think one of our most 0:04:47.760 --> 0:04:50.520 popular Wealth Wednesdays was when you and Jia came on 0:04:50.680 --> 0:04:53.760 and you talked about how you kind of were always 0:04:53.800 --> 0:04:55.680 just a team from the get go when it came 0:04:55.680 --> 0:04:57.960 to your finances, you had each other's backs. You did 0:04:57.960 --> 0:05:02.200 different things. Every person sin is different. What's gonna work 0:05:02.279 --> 0:05:05.880 for you, what's gonna work for Charlemagne works for them? 0:05:06.160 --> 0:05:08.640 Some people it just might be their personality. They want 0:05:08.680 --> 0:05:11.320 to know everything. But the most important thing is that 0:05:11.360 --> 0:05:13.280 you want to find someone who's going to be honest 0:05:13.480 --> 0:05:15.920 with you. The one thing that I will say, and 0:05:16.040 --> 0:05:19.400 I can speak to this from personal relationships I've had too. 0:05:19.440 --> 0:05:23.039 I could say every personal little relationship I've had that 0:05:23.240 --> 0:05:25.240 didn't work out, and I have not that I've had 0:05:25.360 --> 0:05:28.479 very many, but I could tell we had such a 0:05:28.520 --> 0:05:32.160 hard time talking about money that it was really a 0:05:32.240 --> 0:05:35.880 sign that there were going to be bigger communication problems, right, 0:05:35.920 --> 0:05:37.680 And that's what it really comes all about. If you 0:05:37.680 --> 0:05:39.480 can have empathetic sex, you should be able to talk 0:05:39.520 --> 0:05:42.240 about your credit, right, But if you have a hard 0:05:42.240 --> 0:05:45.800 time talking to somebody about money, it's a good indication 0:05:45.839 --> 0:05:47.320 that you're going to have a hard time talking to 0:05:47.360 --> 0:05:50.400 them about a lot of things. That's really It doesn't matter, 0:05:50.440 --> 0:05:53.039 you know, your debt level. You guys like Charlemagne and 0:05:53.120 --> 0:05:56.160 they were, you know, you have a good thing going 0:05:56.200 --> 0:05:58.520 with your spouses. It doesn't matter all of those things. 0:05:58.520 --> 0:06:02.119 But it's just an indication. And you know, there's rules 0:06:02.160 --> 0:06:05.800 of engagement now. So with the depth that you guys have, 0:06:06.040 --> 0:06:08.359 is it something that y'all think about a lot? Is 0:06:08.360 --> 0:06:12.279 it stressful? Is it causing any issues at all? Yeah, 0:06:12.320 --> 0:06:15.200 we think about it. A lot. You know, it's always 0:06:15.279 --> 0:06:17.440 right there in our face every month, you know, with 0:06:17.480 --> 0:06:21.800 the bill. But like you were talking about before, me 0:06:21.800 --> 0:06:23.440 and my life are very honest with each other. That's 0:06:23.440 --> 0:06:25.159 one of the biggest things for her, she said. You know, 0:06:25.240 --> 0:06:27.240 before we got into anything, she was letting me know 0:06:27.240 --> 0:06:30.960 about honesty with her. So as far as you know, 0:06:31.160 --> 0:06:32.840 it does create a little bit of stress, you know 0:06:33.000 --> 0:06:34.680 when you know you just have to think, like, man, 0:06:34.720 --> 0:06:37.960 I just got paid, I gotta put this much towards 0:06:37.960 --> 0:06:40.800 this and you barely have anything left over. But it 0:06:40.800 --> 0:06:44.719 does create a not issues between us, but it's stress 0:06:44.800 --> 0:06:47.680 because you know it's there. You know it bothers us. What. 0:06:48.040 --> 0:06:50.160 So you guys are taking charge now to try to 0:06:50.160 --> 0:06:53.040 figure out how can you get things together financially. So 0:06:53.120 --> 0:06:55.720 let's talk about how Stacy and Operation Hope is helping 0:06:55.760 --> 0:07:00.320 in the self app Also, so Operation Hope we through 0:07:00.320 --> 0:07:04.760 a holistic approach when we're counseling individuals because being truthful 0:07:04.800 --> 0:07:08.440 in your marriage, people need to be truthful with themselves first, 0:07:08.440 --> 0:07:10.600 and a lot of people are in denial about their 0:07:10.640 --> 0:07:17.040 financial situations. So Operation Hope and helping people develop business 0:07:17.120 --> 0:07:23.400 not business individual spending plans also known as a budget 0:07:23.760 --> 0:07:27.120 but also a savings plans. So we give people to 0:07:27.120 --> 0:07:33.800 tools to rebuild their financial selves and creating a legacy. 0:07:33.880 --> 0:07:37.920 Operation Hope is one of the premises is to create 0:07:37.960 --> 0:07:45.840 a financial legacy. And in communities with minorities, the conversation 0:07:45.960 --> 0:07:48.000 is just different. And so what we do is we 0:07:48.080 --> 0:07:52.520 give people access to information and to resources. And one 0:07:52.560 --> 0:07:55.760 of the greatest resources that we're finding or through these apps. 0:07:55.760 --> 0:07:59.920 And one app that is beneficial is Self and Self 0:08:00.080 --> 0:08:04.880 has a dual benefit in that it helps you to save, 0:08:05.920 --> 0:08:08.480 but it also helps you to rebuild or build your credit, 0:08:08.800 --> 0:08:11.520 so that's really important. So I just encourage people to 0:08:12.280 --> 0:08:16.080 utilize if you have the ability. Operation Hope. Of course 0:08:16.160 --> 0:08:19.680 we're free all of our services long term, short term, 0:08:19.720 --> 0:08:23.640 our services are free, our workshops are free. But to 0:08:23.720 --> 0:08:26.640 utilize whatever is out there, whatever resources out there that 0:08:26.680 --> 0:08:29.960 makes you comfortable as well as you know the app, 0:08:30.040 --> 0:08:33.760 and I encourage people to journal and that kind of thing. 0:08:35.000 --> 0:08:38.280 And again, using an app like self that helps you 0:08:38.360 --> 0:08:43.520 track and self is good in that it's confined savings 0:08:43.679 --> 0:08:46.560 in that you are committing to a certain amount of 0:08:46.559 --> 0:08:51.360 money every month and it's done. They would prefer that 0:08:51.400 --> 0:08:55.840 it's automated, so that it's done monthly automatically, right, because 0:08:55.840 --> 0:08:58.600 if you miss one payment, yeah, but they report it 0:08:58.600 --> 0:09:01.360 to that. The most buller loan is they like, they'll 0:09:01.400 --> 0:09:03.240 give you five hundred dollars and they'll put it in 0:09:03.280 --> 0:09:05.520 a CD and you agree to pay twenty five dollars 0:09:05.559 --> 0:09:08.240 back a month. It forces people to save money because 0:09:08.280 --> 0:09:11.319 a lot of us use our savings accounts like checking accounts, 0:09:11.559 --> 0:09:13.920 so it help gives you that support. But it's also 0:09:14.040 --> 0:09:17.720 reporting those payments to the credit bureaus, so you're getting 0:09:19.720 --> 0:09:22.199 you know, those are that's positively reflected on your credit 0:09:22.240 --> 0:09:26.920 profile and your overall eventually your credit score. We had 0:09:26.960 --> 0:09:28.920 someone here who started with that app and they had 0:09:28.920 --> 0:09:32.120 a credit score. Remember Sharita, she was homeless three sixty 0:09:32.160 --> 0:09:34.840 two and it got to the eight hundred level. But 0:09:34.960 --> 0:09:37.839 everything we're talking about here, it's we're talking about money, 0:09:37.960 --> 0:09:41.120 but you know, there's a lot more to money than money. 0:09:41.120 --> 0:09:43.640 And one of the biggest problems couples have is we're 0:09:43.640 --> 0:09:46.600 not really talking about money when they're having fights about money. 0:09:46.600 --> 0:09:49.560 The way we saw things handled growing up have a 0:09:49.600 --> 0:09:53.760 big impression on our financial beliefs. So when you're you 0:09:53.800 --> 0:09:56.040 have to really lose the notion of right and wrong 0:09:56.120 --> 0:09:58.440 when you're talking to your spouse about money, because if 0:09:58.440 --> 0:10:00.640 you're saying something like you're a terrible spender, or you 0:10:00.720 --> 0:10:02.880 do this, you do that, you're essentially saying your mama, 0:10:03.120 --> 0:10:05.400 because that's where they you know, got that coming back. 0:10:05.440 --> 0:10:08.680 That's why money card conversations get so heated. These two 0:10:08.679 --> 0:10:12.240 are also a good example. Our culture plays a lot 0:10:12.280 --> 0:10:15.960 in our financial behavior system. Take for example, I know 0:10:16.040 --> 0:10:21.360 an African American woman who's married to a Caribbean man 0:10:22.280 --> 0:10:25.840 and he came to the United States as an immigrant. 0:10:26.160 --> 0:10:29.600 So he came to the United States wanting to get 0:10:29.640 --> 0:10:32.440 an education. He came to the United States to build 0:10:32.480 --> 0:10:35.600 wealth and was able to do that. African Americans have 0:10:35.640 --> 0:10:40.920 a history a systemic racism discrimination that's prevented them from 0:10:41.000 --> 0:10:43.480 building wealth. So a lot of times, you know, you'll 0:10:43.520 --> 0:10:47.160 see that play out in the relationship. You have to examine, Okay, 0:10:47.160 --> 0:10:50.360 what are those different attitudes, what are those different habits, 0:10:50.559 --> 0:10:52.600 and how do we get past them. The most important 0:10:52.600 --> 0:10:55.480 things for couples to remember, you're not talking about money. 0:10:55.520 --> 0:10:59.760 When you're talking about money, it's a wonderful opportunity to 0:11:00.679 --> 0:11:03.280 open up and take your relationship to a deeper level. 0:11:03.280 --> 0:11:04.880 You got to talk about you know, what are those 0:11:04.920 --> 0:11:07.360 things you saw about spending and invest in growing up? 0:11:07.679 --> 0:11:11.719 Here's what I think. Here's what's different, Stacy. I mean, 0:11:11.760 --> 0:11:15.200 Tina and Marcus are parents. One thing I tell all 0:11:15.240 --> 0:11:18.000 parents to get on the same page. Ask yourself, what 0:11:18.080 --> 0:11:20.160 are the five most important things that we want to 0:11:20.160 --> 0:11:22.760 teach our kid about money? And what do we have 0:11:22.840 --> 0:11:25.199 to do to change our own behavior to walk the 0:11:25.280 --> 0:11:27.600 walk and be that example, and those things help you 0:11:27.679 --> 0:11:29.800 get on track. So money can really help you deepen 0:11:29.840 --> 0:11:32.760 your relationship and every level. Or again, it can show 0:11:32.800 --> 0:11:34.920 you where things might not work out, because if you 0:11:34.920 --> 0:11:36.920 can't talk to somebody about that, and if they're not 0:11:36.960 --> 0:11:39.840 being honest to you about that, then you might have 0:11:39.880 --> 0:11:41.839 some bigger issues down the line. And while you talk 0:11:41.840 --> 0:11:46.120 about cultural differences accordance statatistics, they also say that black 0:11:46.120 --> 0:11:51.080 immigrants end up being economically better than black African Americans 0:11:51.120 --> 0:11:53.960 here in the United States. Absolutely. Charlotte Magne and I 0:11:54.000 --> 0:11:56.520 talked about that a lot when we've had Roger Ferguson 0:11:56.600 --> 0:12:02.400 here a couple weeks ago. Black immigrants. You know, a 0:12:02.440 --> 0:12:05.760 lot of what's interesting is the black immigrant communities in 0:12:05.800 --> 0:12:08.840 the United States, they keep their money in their communities 0:12:09.640 --> 0:12:12.720 like they're creating business. They're very entrepreneurial and they do 0:12:12.840 --> 0:12:16.040 business with each other. African Americans, we've just had this 0:12:16.160 --> 0:12:19.280 history of having things stolen from us, you know, financial 0:12:19.280 --> 0:12:23.679 services industry, ripping us off, things like redlining, all these 0:12:23.720 --> 0:12:27.120 different things, and it's left a psychological toll where it's 0:12:27.120 --> 0:12:30.960 affected that our belief about ourselves. It's affected, you know, 0:12:30.960 --> 0:12:34.160 our trust in the financial services industry. So if I'm 0:12:34.200 --> 0:12:39.560 not mistaken, when you two got married, you had debt. 0:12:39.679 --> 0:12:43.920 She didn't correct, right, correct? It is those different attitudes. 0:12:43.960 --> 0:12:46.280 A lot of immigrants, you know, they have different attitudes 0:12:46.320 --> 0:12:49.800 about you know, debt and savings and investing and all 0:12:49.800 --> 0:12:52.160 that plays out in our financial experience. But again, what 0:12:52.280 --> 0:12:55.320 our message here is always to African Americans to remember 0:12:55.360 --> 0:12:58.120 about themselves. At the wealth that we've created in face 0:12:58.320 --> 0:13:01.520 of all of this stuff just shows what we're really 0:13:01.559 --> 0:13:05.240 made of and what our resilience. And if we take 0:13:05.280 --> 0:13:08.119 these deeper dives into money where we I so appreciate 0:13:08.240 --> 0:13:10.600 you all given us the opportunity to do, you can 0:13:10.679 --> 0:13:13.400 learn what you're really made of and that self worth 0:13:13.559 --> 0:13:16.280 has got nothing to do with network. So can anybody 0:13:16.360 --> 0:13:19.400 sign up like how we got how we're doing credit chronicles? Right? 0:13:19.520 --> 0:13:22.439 Can any couple sign up to get this counseling and 0:13:22.480 --> 0:13:26.079 get their finances back on track? Right? So if they 0:13:27.520 --> 0:13:31.120 go to Operation Hope's website and we have coaches again 0:13:31.120 --> 0:13:35.120 throughout the country and it's free and Puerto Rico, right, 0:13:35.160 --> 0:13:37.520 And it's free, and so you can go on and 0:13:37.559 --> 0:13:43.000 you can find a coach in your area. And the 0:13:43.040 --> 0:13:46.640 individual's commitment, the couple's commitment is the coach's commitment. And 0:13:46.720 --> 0:13:51.280 again and it's free, and it's based on the drive 0:13:51.480 --> 0:13:54.439 of the client. I call my clients my client family 0:13:54.960 --> 0:13:58.400 because it is like Stacey t said, it is more. 0:13:58.679 --> 0:14:02.439 There's your talking about more than just their finances. So 0:14:02.480 --> 0:14:04.320 you're talking about what's going on in the home, what's 0:14:04.400 --> 0:14:08.000 driving it. You're talking about how the family, how they 0:14:08.000 --> 0:14:10.559 grew up in that kind of thing. So it's really 0:14:10.559 --> 0:14:15.240 a holistic approach to being financially well. All right, So, Tina, 0:14:15.360 --> 0:14:16.880 let's say you go out and you want to make 0:14:16.880 --> 0:14:21.160 a big purchase. Maybe you want to buy yourself, let's 0:14:21.200 --> 0:14:25.880 say a new purse. Just right now, Hey, I'm just 0:14:25.920 --> 0:14:28.000 asking the question. I was speaking for him. We can't 0:14:28.000 --> 0:14:30.160 handle that right now. Let's just say you're like, Okay, 0:14:30.200 --> 0:14:32.760 I want to purchase something, it's two thousand dollars? Do 0:14:32.840 --> 0:14:37.160 you check with Marcus before you make a purchase. I 0:14:37.320 --> 0:14:40.240 normally don't make big purchases because try to coop on 0:14:40.280 --> 0:14:48.600 that probably, but normally I talk to if it's something 0:14:48.640 --> 0:14:52.120 that major, Yes, Marcus, And what's your response if she 0:14:52.160 --> 0:14:53.840 wants to do something, are you ever like, no, that's 0:14:53.840 --> 0:14:56.520 not a good idea or do you guys splurge sometimes 0:14:56.520 --> 0:15:00.000 and say okay, get it. You deserve it. You deserve 0:15:00.000 --> 0:15:02.080 of it. Man, it's Valentine's Day. You want to get 0:15:02.120 --> 0:15:05.960 to sell something? Like. She definitely communicates with me everything, 0:15:06.000 --> 0:15:07.880 Like I be at work, she'll call me three, four 0:15:07.920 --> 0:15:09.600 or five times in a road to let me know, Okay, 0:15:09.600 --> 0:15:12.200 I'm catching this sale, I'm catching this coupon. And it's 0:15:12.240 --> 0:15:15.480 like she said, nothing really too crazy. And most of 0:15:15.520 --> 0:15:17.640 the time I kind of understand, like she's what she 0:15:17.720 --> 0:15:20.320 tries to get as things that we really need, like hey, 0:15:20.320 --> 0:15:22.320 i'm getting food for the baby, I'm getting this, you know. 0:15:22.880 --> 0:15:26.560 Uh So she did call anything she spend and she 0:15:26.640 --> 0:15:28.440 kind of lets me know though that's that's kind of 0:15:28.480 --> 0:15:30.280 what if she told you want to spend two thousand 0:15:30.320 --> 0:15:31.960 dollars on the first how would you reactly? Like? Where 0:15:32.000 --> 0:15:38.280 we got two thousand dollars? But now do you guys 0:15:38.280 --> 0:15:39.880 have it? So? Do you have a joint bank account 0:15:39.880 --> 0:15:41.920 and you guys make all your payments for everything out 0:15:41.920 --> 0:15:43.440 of that account? Or do you and do you also 0:15:43.480 --> 0:15:45.600 have separate accounts? How does that work? We have a 0:15:45.680 --> 0:15:49.080 joint bank account and we do have separate but we 0:15:49.160 --> 0:15:52.920 know about it. Um. I'm right now, I'm working, so 0:15:52.960 --> 0:15:55.920 I kind of just pay what the bills are. Um, 0:15:55.920 --> 0:15:58.640 I just try to as soon as the check comes in. Hey, 0:15:58.720 --> 0:16:01.160 this is rant, this is hard payment. Whatever we have 0:16:01.160 --> 0:16:02.760 to do, I kind of just send it out there, 0:16:02.960 --> 0:16:05.840 try to get it done immediately. So there's not much 0:16:05.920 --> 0:16:08.120 left that to So what are the goals for you guys? 0:16:08.240 --> 0:16:09.880 I know part of it is to get out of debt, 0:16:09.880 --> 0:16:11.720 but what are the other goals that you have financially? 0:16:12.680 --> 0:16:16.360 For sure, one is just to get more knowledge and education. 0:16:16.360 --> 0:16:17.880 I feel like the more you know then the better 0:16:17.920 --> 0:16:19.400 you'll be able to take care of yourself. So that's 0:16:19.440 --> 0:16:21.200 why I tend to grasp from it, or I want 0:16:21.200 --> 0:16:24.560 to get from it, and you know, honestly to also 0:16:24.640 --> 0:16:27.560 take a vacation in that worry financially, that would be nice, 0:16:27.920 --> 0:16:32.040 you know, have a family vacation and help take care 0:16:32.080 --> 0:16:35.520 for our families, you know, that would be nice and 0:16:35.960 --> 0:16:39.720 learn things that our parents doesn't know so we could 0:16:39.760 --> 0:16:43.040 impart it on our kids and our siblings and things 0:16:43.080 --> 0:16:47.360 like that. So that's that's something that I would definitely like. Man, 0:16:47.400 --> 0:16:48.960 I wish this was the kind of show we gave 0:16:48.960 --> 0:17:00.240 away prizes like vacations, but it's not all we wish now. 0:17:00.240 --> 0:17:03.000 So you guys are I mean, they're very good communication 0:17:03.080 --> 0:17:04.679 and all that other stuff, but it was really the 0:17:04.760 --> 0:17:06.480 student loans. And I know you were telling me you 0:17:06.480 --> 0:17:08.480 were the first generation and your family to go to 0:17:08.520 --> 0:17:12.840 college and you didn't understand private student loan. Yeah. Yeah, 0:17:12.840 --> 0:17:14.960 I'm the I'm the eldest of my you know, in 0:17:15.080 --> 0:17:18.399 my family, I'm the first for my parents and both 0:17:18.400 --> 0:17:20.280 of them you know, from not from America, so they 0:17:20.280 --> 0:17:22.679 didn't get like, you know, this type of education. So 0:17:22.920 --> 0:17:25.520 I'm the first person to go to school. And originally 0:17:25.560 --> 0:17:27.760 I wasn't even going to go to school. I wanted 0:17:27.800 --> 0:17:30.840 to do the military. And then I spoke with people 0:17:30.840 --> 0:17:32.560 and they were encouraging me, no, you know, you should 0:17:32.600 --> 0:17:34.440 go to school, you know, And I'm like, am I 0:17:34.440 --> 0:17:35.760 gonna take care of And they're like, yeah, you could 0:17:35.800 --> 0:17:37.760 get loans you get and I didn't know anything about 0:17:37.760 --> 0:17:40.040 that stuff, and they encouraged me to do it. And 0:17:40.560 --> 0:17:42.800 you know, I got a NJ Class loan I think 0:17:42.800 --> 0:17:44.400 it was, which was a private loan, and I didn't 0:17:44.440 --> 0:17:46.240 know what the difference between a private loan and like 0:17:46.320 --> 0:17:50.680 the the federal one. And that's a whole another story 0:17:50.680 --> 0:17:53.800 in itself. But yeah, so that put me in a 0:17:53.840 --> 0:17:57.080 little situation there, Tina. Was there any hesitation on your 0:17:57.080 --> 0:17:59.000 part being that you didn't have any debt at all? 0:18:00.080 --> 0:18:01.720 Was there any hesitation where you're like, well, maybe we 0:18:01.760 --> 0:18:03.760 should clear this up before we get married, Like, what 0:18:03.920 --> 0:18:10.000 were your thoughts beforehand? I'm definitely, I'm sorry, sorry, Um, 0:18:10.040 --> 0:18:13.240 definitely there was because as I'm not used to that. 0:18:14.760 --> 0:18:18.240 I'm from the Caribbean jammakn so I'm used to just 0:18:18.400 --> 0:18:21.959 you know, working pain, working pain, and so I'm not 0:18:22.080 --> 0:18:24.119 used to When he told me how much it was, 0:18:24.160 --> 0:18:26.399 I had to think about it. But you know, I 0:18:27.000 --> 0:18:30.080 love him, so I figured something that would be able 0:18:30.080 --> 0:18:32.560 to tackle together. So and when you guys planning for 0:18:32.600 --> 0:18:35.080 your wedding, then how does that happen when you're like, Okay, 0:18:35.080 --> 0:18:36.679 I know we're taking on this debt, but we are 0:18:36.720 --> 0:18:39.320 getting married. How did the wedding happen? Because I know 0:18:39.400 --> 0:18:43.000 some people are hesitant knowing that they have financial responsibilities 0:18:43.200 --> 0:18:46.040 to spend money on something like a wedding. I had 0:18:46.080 --> 0:18:50.879 a good Okay, I had a good saving and he helped. 0:18:50.920 --> 0:18:52.760 I'm not saying I have a good saving and he 0:18:52.760 --> 0:18:55.560 didn't help, but I was. I had a good saving. 0:18:56.720 --> 0:19:01.359 We diffend. That's a good woman right there. Many but 0:19:01.520 --> 0:19:04.159 you guys got married well for you and because you 0:19:04.200 --> 0:19:06.560 got married a lot younger financially, were you guys in 0:19:06.600 --> 0:19:08.760 a good space when you had to play on your wedding? Yeah? No, 0:19:08.840 --> 0:19:10.679 I was in a good space. I was djan so 0:19:10.680 --> 0:19:14.399 I had mixtape money and everything was was good. I 0:19:14.560 --> 0:19:16.440 I you know, the hardest for me was just paying 0:19:16.440 --> 0:19:18.560 off the loans. I just really didn't care about the 0:19:18.600 --> 0:19:20.280 most loans at the time. I didn't. I was I 0:19:20.320 --> 0:19:22.280 just graduated from college. I didn't care about loans. I 0:19:22.280 --> 0:19:24.200 didn't care about credit cards, I didn't care about anything. 0:19:24.200 --> 0:19:25.919 I just thought they'd go away. When you graduate, right, 0:19:26.160 --> 0:19:28.239 and then when you try to buy something finally, be like, 0:19:28.280 --> 0:19:30.119 well your credit scores are two hundred and eighty and 0:19:30.359 --> 0:19:31.600 be like why and they like, you have all this 0:19:31.680 --> 0:19:33.399 debt and then you gotta go back and fix it. 0:19:34.760 --> 0:19:37.600 But that's why, you know, I'm really focused and pushing 0:19:37.600 --> 0:19:40.000 my kids to do things now that they don't have 0:19:40.040 --> 0:19:42.720 those problems. Like that's why my daughter she owns her 0:19:42.720 --> 0:19:45.280 own property at this age, so that property can pay 0:19:45.320 --> 0:19:47.640 for her school loans and do things like that. Like 0:19:47.680 --> 0:19:49.359 she said that I didn't know about you know, my 0:19:49.440 --> 0:19:51.480 parents ever taught me because they didn't know. So the 0:19:51.520 --> 0:19:53.600 fact that I have, you know, the knowledge, I'm trying 0:19:53.600 --> 0:19:56.240 to teach them early so they know. And I really, 0:19:56.320 --> 0:19:57.520 you know, I don't want her to go to the 0:19:57.520 --> 0:19:58.919 college that she was to go to. I want her 0:19:58.920 --> 0:20:00.479 to go to another college with they want to give 0:20:00.480 --> 0:20:01.800 for a free ride, but she wants to go to 0:20:01.880 --> 0:20:06.320 other college. But yeah, sorry, that's just personal. But I just, 0:20:06.359 --> 0:20:08.200 you know, you just try to teach you your kids 0:20:08.200 --> 0:20:10.399 early so they know and they get the knowledge that 0:20:10.440 --> 0:20:12.639 we gain. All right, Well, when you know better, you 0:20:12.680 --> 0:20:16.359 do better. Good luck, guys. Yeah, We'll be watching And 0:20:16.440 --> 0:20:18.960 where can we watch these credit chronicles again. We're gonna 0:20:19.200 --> 0:20:21.760 credit chronicles are going to be on every wealth Wednesday. 0:20:22.280 --> 0:20:24.800