Speaker 1: Hey, hey, hey, jass hands and scene. I miss y'all.
Speaker 1: I feels like it's been forever.
Speaker 2: It's been years, year's days.
Speaker 1: What twenty four days with that worse? Is it twenty
Speaker 1: four days twenty four hours? I don't know whatever Tony
Speaker 1: was saying. I feel like it's that times two thousand.
Speaker 1: I'm just glad to be here in twenty eighteen, you know,
Speaker 1: making it great?
Speaker 2: Eight two thousand year the year. Then we're all gonna
Speaker 2: do better.
Speaker 1: Yeah, twenty eighteen is gonna come over here, sit down
Speaker 1: next to me, don't touch nothing, and behave yourself.
Speaker 2: Although I think I just said two thousand and eight,
Speaker 2: so I'm already not doing better now.
Speaker 1: Oh my gosh. So how was your New Year's Did
Speaker 1: you do anything special?
Speaker 2: We just kept it chill. We well, actually, you know
Speaker 2: how Oh I don't know if you have this issue,
Speaker 2: but when you have relatives in different like we have
Speaker 2: two different families now and basically we missed Thanksgiving and
Speaker 2: Christmas with my mother in law. So she was like,
Speaker 2: do not even think that you're not going to be
Speaker 2: here on New Year's Eve? I am I am like reserving,
Speaker 2: She's like, I'm calling. I'm in advance. I'm going to
Speaker 2: reserve you guys for New Year's Eve. You're going to
Speaker 2: be here on my couch eating my food, and it's done.
Speaker 2: So that's where we work.
Speaker 1: Yeah, that was cute. I was supposed to spend because
Speaker 1: we spent Christmas with ourselves and then I hung up
Speaker 1: my family a little bit. But for New Year's we
Speaker 1: were spending it with Superman's sister. But I got really sick.
Speaker 1: The flu like nearly took me out, so instead I
Speaker 1: spent it at home trying not to die. So I
Speaker 1: didn't die. I'm here, So that works. So my other
Speaker 1: thand that is pretty uneventful. Well, let's start a high note.
Speaker 1: Let's talk about Mama opraen these golden globes, and then
Speaker 1: we could get then we could take up the trash later.
Speaker 1: All right, fine, So Lady Oh, Oh, Lady Oh delivered
Speaker 1: the most amazing, inspiring speech nine full minutes where they
Speaker 1: did not even turn on the music because they knew
Speaker 1: better for Lady Oh, and it was just it was
Speaker 1: just what we needed to hear. And so I just
Speaker 1: want to I just want to take a moment to
Speaker 1: say thank you, Oprah. You are the Queen Bee, the
Speaker 1: Queen Oh, I don't.
Speaker 2: Even need her to run for president. I don't you know.
Speaker 2: I know that there's all this speculation about will she
Speaker 2: or won't she, But I feel like I don't even
Speaker 2: know if I don't know if Oprah being I mean,
Speaker 2: obviously I think she'd be an amazing president, but I
Speaker 2: feel like right now, we just need something to soothe
Speaker 2: our souls. And I feel like the entire Golden Globes,
Speaker 2: like Oprah's speech was definitely like the highlight, Like I
Speaker 2: basically just stopped watching after that. But the whole Globes,
Speaker 2: with the Me Too movement and all the all the
Speaker 2: celebrities wearing black and solidarity to show that they, you know,
Speaker 2: for the Times Up movement, it just feels like we're fine.
Speaker 2: Like like the fear around the whole Me Too movement
Speaker 2: was that, you know, is this like a flash in
Speaker 2: the pan? Is it really going to last? And is
Speaker 2: it going to like touch people's lives who aren't celebrities
Speaker 2: and who don't have huge platforms and you know, lots
Speaker 2: and lots of money, and so to have the Times
Speaker 2: Up movement that they started, they you know, they put
Speaker 2: out that they announced it on New Year's day in
Speaker 2: this like massive splashy like New York Times one page
Speaker 2: ad and it's three hundred actresses, producers, like high powered
Speaker 2: women in Hollywood who are getting together. But they're not
Speaker 2: just you know. Initially I was like, ough, like whatever,
Speaker 2: they're just you know, it's the rich, celebrity women, you know,
Speaker 2: trying to create another sort of you know, awareness movement
Speaker 2: around sexual harassmentch was fine, But what I've really what
Speaker 2: changed my mind about it was the fact that they
Speaker 2: are actually creating this Legal Defense Fund, Oh yes, yes,
Speaker 2: which is meant to They've already raised thirteen million dollars,
Speaker 2: but then they've opened up a GoFundMe account where you
Speaker 2: can contribute, and the funds in this Legal Defense Fund
Speaker 2: are meant to reach women who are not in the
Speaker 2: same privilege position as them as the founders of this movement,
Speaker 2: who may not be able to like, who aren't willing
Speaker 2: to speak up about what's happening to them at work
Speaker 2: because they're afraid of losing their jobs or they don't
Speaker 2: have the resources to take people to court.
Speaker 1: I just love when people who put their money where
Speaker 1: their mouth is. I mean, not literally because that's nasty,
Speaker 1: but like, you know, figuratively because it's like you can
Speaker 1: talk about it, but do you be about it? And
Speaker 1: so to see women like, you know, in power and
Speaker 1: positions of power and wealth quite honestly, to say, you
Speaker 1: know what, everyone is not in our position to come
Speaker 1: forward and be able to still support themselves. So we're
Speaker 1: going to do more than just like talk about it.
Speaker 1: You know, We're going to do something. And to see
Speaker 1: all the women who were black, except for the unfortunate
Speaker 1: few that clearly didn't get the memo they don't have friends.
Speaker 1: I was like, ma'am, why are you wearing a red dress?
Speaker 1: A red dress? No one told you? I felt bad.
Speaker 1: It was one lady in particular, wasn't in a text. Yeah,
Speaker 1: you could tell. She was like wait. I was like, ma'am,
Speaker 1: are you not in the secret Facebook group where they
Speaker 1: said everybody were black? Don't play yourself? And it wasn't
Speaker 1: even like she wore dark green. It was cherry red
Speaker 1: with cutouts. She was like, I know, but no. It
Speaker 1: was just really great to see that, you know, even
Speaker 1: like the subtle, the not so subtle shade of celebs
Speaker 1: on stage like Natalie Portman when she said and the
Speaker 1: all male nominees for director are Ron Howard next to
Speaker 1: her looked like Yi looked like Mike Myers when when
Speaker 1: Kanye said George Bush doesn't care about black people, he
Speaker 1: was like, that's not a word exactly. That needs to
Speaker 1: be a meme, a word, and it was just so
Speaker 1: dope tall. So also see Tauana Burke, right, the woman
Speaker 1: that started the Me Too movement?
Speaker 2: Yep.
Speaker 1: Yeah, I love the fact that, like, you know, Michelle
Speaker 1: Williams brought her on the red carpet because I don't
Speaker 1: want with all of this incredible momentum that that she
Speaker 1: her name, her legacy and what she started is lost,
Speaker 1: you know, and taken over. So I'm just glad to
Speaker 1: see that that's happened.
Speaker 2: I think it made up for the fact that Time
Speaker 2: magazine left her off the cover of Person of the
Speaker 2: Year when they named the Me Too movement. Yea, and
Speaker 2: they didn't put the founder on the cover. But she's
Speaker 2: she's doing she's doing just fine.
Speaker 1: Yeah. A friend of mine is like friends with her,
Speaker 1: and she she was the one who dropped the ball
Speaker 1: on New York in New York on New Year's and yeah,
Speaker 1: they were out there lit with the their fur and
Speaker 1: their tents. I said, if you don't represent for the
Speaker 1: East coast. That was awesome. Okay, now time to take
Speaker 1: out the trash. Let's talk about how somebody's president not
Speaker 1: our president. Is a tweet hall like, it's so crazy
Speaker 1: to see two grown men like him and Kim Junk.
Speaker 1: I'm not going to get the.
Speaker 2: Kim Jong un yes North Korea.
Speaker 1: Okay, Yeah, I didn't want to get his name wrong,
Speaker 1: and I don't want to be disrespectful of his name.
Speaker 1: I have African name and people were like what, I'm like, girl.
Speaker 2: So he's threatening to blow us up all the time,
Speaker 2: So I wouldn't like to upset at you if he
Speaker 2: didn't get his name right, just saying well, Kim, why
Speaker 2: little rocketman?
Speaker 1: No Kim? Oh my god, y'all that is perfect. He
Speaker 1: who shall not be naming little Kim. We're going back
Speaker 1: and forth on Twitter. I'm like, what is happening? Is
Speaker 1: this real life? It's just anyway. But you know, a
Speaker 1: little gleam in my eye happened when I'm Steve Bannon,
Speaker 1: Donald Trump's right hand, you know, decided to slap him
Speaker 1: with it, and I thought, this is great. I cannot wait.
Speaker 1: Well now that fire and theory, so for those of
Speaker 1: you who don't know, there's a book that's come out.
Speaker 1: I guess it was written during the election, not during
Speaker 1: well during like the actual campaign, time before the election happened.
Speaker 1: Is that when that book was written.
Speaker 2: I don't know when it was written, but it covers
Speaker 2: it covers the Trump campaign in as early days in
Speaker 2: the administration.
Speaker 1: And so Steve Bannon, who we've all come to hate like,
Speaker 1: just had some critical things to say about the president
Speaker 1: during that time, and they showed up in the book,
Speaker 1: like he called him I'm patriotic and said that that
Speaker 1: his meeting with Russia was treasonis basically true thing, true team.
Speaker 1: But of course the president was livid because he's five
Speaker 1: and Steve Bannon has now been demoted and demoted again
Speaker 1: and demoted again, so much so now that he's not
Speaker 1: even at his beloved media company. Racist right remdia compute
Speaker 1: what is it called? Barhart? Right?
Speaker 2: Bright bart same thing, bear.
Speaker 1: Disrespectable thing. So yeah, I was just like, wow, it
Speaker 1: was so much going on. I'm like, why look at you,
Speaker 1: Steve Bannon. He looked disease on the outside, and I'm like,
Speaker 1: clearly you are slowly dying on the inside, and I'm
Speaker 1: here for it.
Speaker 2: The significance of the fall of Steve Bannon, I think,
Speaker 2: because so if you guys wonder why does this matter,
Speaker 2: you have to consider that Steve Bannon has these huge,
Speaker 2: hugely rich supporters who have been giving him money and
Speaker 2: being like you, now, you go find the next Trump,
Speaker 2: and you get the next Trump elected in small town USA,
Speaker 2: all over the country, taking open seats in Congress. And
Speaker 2: that is what Steve Bannon has been doing, trying to
Speaker 2: back anti Republican establishment candidates. And so the fact that
Speaker 2: he's seen such huge, massive donors to his cause back
Speaker 2: out in the wake of his remarks in this book,
Speaker 2: and now he stepped down for bright bart News, it's
Speaker 2: taking away that power. And I think a lot of
Speaker 2: people are excited about that.
Speaker 1: Okay, I think yeah, and I just because it's hopefully
Speaker 1: it's the it's the you know, just another little piece
Speaker 1: dismantled this disease regime. And that's all we're going to
Speaker 1: say about that, you know.
Speaker 2: I mean, at least we have a stable genius in
Speaker 2: the White House.
Speaker 1: Yeah, oh, oh my goodness. And so no, you know what,
Speaker 1: I thought, it was a little bit giggly. So and
Speaker 1: I I'm sure she's not stupid. But it was funny
Speaker 1: that when Oprah did her speech the next day, Avanka
Speaker 1: Trump tweeted her. It was like, oh my god, it
Speaker 1: was so inspiring. It was amazing. And I saw all
Speaker 1: these people tweeting her, like, girl, like should I tell her?
Speaker 1: Should or should we just leave it? To leave her
Speaker 1: because she's talking about your father Bublue, Like, and I
Speaker 1: think you mentioned before like that, yes that you you know,
Speaker 1: you believe that. Obviously she knows, but she's kind of
Speaker 1: like like a little subtle dig But I'm like, girl,
Speaker 1: your blood relation. I can't. I can't.
Speaker 2: I just feel like if there was you know, if
Speaker 2: you have you seen Get Out, yes I have, if
Speaker 2: there were such thing as a sunken place for women,
Speaker 2: like they're in that movie, there was a sunken place
Speaker 2: where African Americans would go. I feel like she's in
Speaker 2: the sunken place of womanhood, Like she's just I mean,
Speaker 2: how could you be in this, in this administration supporting
Speaker 2: it as a woman. I just feel like her, Sarah Huckabee,
Speaker 2: they're in the sunken place for women. That's how I feel.
Speaker 1: Yeah, well, you know, hopefully they arise out of that
Speaker 1: sunken place and if not, they will sync with the
Speaker 1: ship and we will wave at them from the top. Oh,
Speaker 1: any other buzz things that you want to talk about.
Speaker 2: I do want to mention real quick at speaking of
Speaker 2: the Globes, just real quick to because I don't think
Speaker 2: we mentioned earlier that there were some first a lot
Speaker 2: of first I mean, apart from Viola Davis being amazing
Speaker 2: with her natural hair, a couple of like first time winners.
Speaker 2: So Sterling K. Brown became the first African American man
Speaker 2: to win in his category Best Actor in a Drama.
Speaker 2: Oprah of course was like not just making history with
Speaker 2: her speech, but just her mere presence winning that award.
Speaker 2: She was the first African American woman to win that award.
Speaker 2: It was called the Cecil be the Cecil b Merit Award.
Speaker 2: I forget Cecil something award by the by the Golden Globes.
Speaker 2: And who was the third one, Oh Azizanzari. Yeah, he
Speaker 2: was the first Asian to win. But I think he
Speaker 2: was Best Actor in a Comedy for Master of None.
Speaker 1: Yes, I like when I saw that, I was like,
Speaker 1: because I honestly I love him. He seems like the
Speaker 1: guy from high school that was like in your like
Speaker 1: you know, English class that had you rolling in the
Speaker 1: back and you were like, ausise, I'm gonna get an ass,
Speaker 1: stop making me laugh. Oh yes, I'm just And honestly,
Speaker 1: it was a magical knighte people's speeches were just great
Speaker 1: and yeah, I'm just I'm just proud of all the
Speaker 1: brown ambition that we saw on stage.
Speaker 2: Absolutely, there could have been a little bit more. It
Speaker 2: did sort of feel like if you watched the whole
Speaker 2: show all the way through, it did feel a little
Speaker 2: bit like I only wish that more women of color
Speaker 2: had won awards because I feel like the people who
Speaker 2: won were getting a lot of time to speak, and
Speaker 2: you really didn't hear but one women of color or
Speaker 2: one at black woman's voice that I can recall now.
Speaker 2: I remember I stopped watching like later in the show,
Speaker 2: But I don't think that there were significant women of
Speaker 2: color who won besides Oprah. So until Oprah spoke, I
Speaker 2: didn't see any other you know, of color making speeches.
Speaker 2: It was a lot of white women who had who
Speaker 2: were winning you know, awards in their category, which was great.
Speaker 2: But I think just because there weren't as many winners
Speaker 2: of color, you didn't you didn't like hear those voices
Speaker 2: as much. This was kind of sad, but yeah, you know, yeah.
Speaker 1: No, yeah, Now we got to take a week of
Speaker 1: take and push back.
Speaker 2: But I am. I am excited for the new year.
Speaker 2: I I know, right before the before we broke for
Speaker 2: the holiday, we had talked about resolutions and like paying
Speaker 2: down debt and stuff, and I wanted to reveal bomb
Speaker 2: so some some numbers around debt around the holidays. So
Speaker 2: every year Magnify Money, we put out the survey and
Speaker 2: we ask people the week after Christmas, you know, did
Speaker 2: you take out did you take on debt over the holidays?
Speaker 2: And if you did, how much debt? And for the
Speaker 2: past three years we've been doing this survey and guess
Speaker 2: which direction the number is going up? Up, up, up. Yeah.
Speaker 1: So actually I don't get it.
Speaker 2: Well, I think that people well I think honestly, so
Speaker 2: the economy's doing really well. The markets have been amazing,
Speaker 2: like having record market returns and not just that, but
Speaker 2: unemployment is at an all time low. So I think
Speaker 2: people are feeling more confident. I mean just there's all
Speaker 2: these indices that show that consumers are more confident, and
Speaker 2: I feel like people just feel like things are great,
Speaker 2: why worry about this little credit card? Like I can
Speaker 2: handle this. So this year, on average, people who took
Speaker 2: out took on holiday debt racked up over one thousand
Speaker 2: and fifty dollars on credit debt alone, which doesn't sound
Speaker 2: like a ton of money, But if you think about it,
Speaker 2: like if if you're if you're the kind of person
Speaker 2: who maybe has opened up like a store credit card
Speaker 2: around the holidays, and you put a thousand bucks on
Speaker 2: that card, if you just make the minimum payment on
Speaker 2: that card, and you have like a twenty plus percent
Speaker 2: interest rate, you could easily be paying that card off
Speaker 2: for the next five six years, like totally and hundreds
Speaker 2: of dollars in interest charges. So it's significant. And I
Speaker 2: don't know about you, but I feel like I think
Speaker 2: that this is a inagible amount of debt for anyone
Speaker 2: to have, for the average person to have. But what
Speaker 2: scares me is, like things are great now, but what
Speaker 2: if you let this debt linger and you just sort
Speaker 2: of like take your time paying it down, and then
Speaker 2: when things aren't so great, then all of a sudden,
Speaker 2: you've got this debt that you didn't pay off when
Speaker 2: things were a little bit flusher in the bank and
Speaker 2: now you're like stuck with it and then you're missing payments.
Speaker 2: And I think that's like how the spiral starts. Yeah,
Speaker 2: it's like it's it's taking care of debt when you can,
Speaker 2: when you have the means, so that when you something
Speaker 2: happens and you don't have the means, like you're not
Speaker 2: getting stuck down the rabbit hole, which I think a
Speaker 2: lot of like a lot of smart people do.
Speaker 1: No. And honestly, it's one of the reasons why Superman
Speaker 1: that I wanted to get our house quite honestly in cash,
Speaker 1: you know, because it was like, Okay, if you know,
Speaker 1: I don't know where life is going to lead, and
Speaker 1: you know, I'm nervous by nature, nervous chuck, not because
Speaker 1: I hate cha, you know, I just have to forget.
Speaker 1: But I just although I know business is great, I
Speaker 1: just seem too many ups and downs in my life.
Speaker 1: So I want to stabilize parts of my financial life
Speaker 1: to say, okay, so worst case scenario, like you know
Speaker 1: that we will always have enough if our house is
Speaker 1: paid for, we will make enough to cover our expenses,
Speaker 1: like even if I don't have a business anymore, or whatever,
Speaker 1: or there's a shift and trends or whatever, you know,
Speaker 1: And so no, I totally get it that you're right
Speaker 1: that when people are confident, they feel like, oh, I've
Speaker 1: got this debt, because I definitely have been there where
Speaker 1: I'm like, oh, I got this debt and then I
Speaker 1: lost my job, and then I lost my home, and
Speaker 1: I wish I didn't have this credit card debt holding
Speaker 1: me down. A friend of mine actually reached out to
Speaker 1: me and she was struggling with her credit card debt.
Speaker 1: One of her interest rates where like was like twenty
Speaker 1: five or something percent, something crazy, And so I actually
Speaker 1: directed her to the National Foundation of Credit Counseling because
Speaker 1: she was like, I don't have a whole lot of money,
Speaker 1: and all these financial or credit advisors you know, or
Speaker 1: they charge a lot, and you know, not all of
Speaker 1: I used to think all of them were cooks, but
Speaker 1: actually knows some personally and then they're not all. But
Speaker 1: I like the NFCC it's NFCC dot org because they're
Speaker 1: nonprofit based. So so she actually went through it and
Speaker 1: they based her payment like when she pays them to
Speaker 1: help her, they based upon what she makes, so it's
Speaker 1: like super low. She pays like twenty bucks a month
Speaker 1: or whatever while they're like helping her organize her finances
Speaker 1: and and get her credit together and stuff. So that's
Speaker 1: really low because most of the credit folks I know
Speaker 1: charge one hundred plus one hundred dollars or more.
Speaker 2: You're talking about just real quick. This is so the
Speaker 2: NFCC credit counseling, right. So I love the NFCC too,
Speaker 2: and I think there's like, I just want to make
Speaker 2: that distinction between what they're doing. They're a nonprofit, yeah,
Speaker 2: and what like for profit credit counseling or debt relief
Speaker 2: companies promise because like the NFCC, they you need to
Speaker 2: be in a fairly significant amount of debt to qualify
Speaker 2: for their services, but and also have an income so
Speaker 2: that you can actually make your payments. So those like
Speaker 2: the two requirements. But they so you pay them a
Speaker 2: fee every month and then they will work on your
Speaker 2: behalf as much as they can to negotiate, to negotiate
Speaker 2: your debt, come up with solutions to pay dow your debt,
Speaker 2: whether it's consolidation or organizing your debt and prioritizing it, whatnot,
Speaker 2: helping you with that whole strategy. So like there's other
Speaker 2: debt lily firms like you were talking about that charge
Speaker 2: also charge fees to do something similar, but who one
Speaker 2: may do things that are shady, like ask for fees
Speaker 2: upfront before they even do the service, or they may
Speaker 2: say that they can help you negotiate your debts, but
Speaker 2: then actually like the lenders won't even work with them.
Speaker 2: So there's there's definitely things to watch out for. But
Speaker 2: I think the reason, like everyone in that, like people
Speaker 2: like you and me, we always mentioned the National Foundation
Speaker 2: for Credit Counseling, it's because they're nonprofit yep, and they
Speaker 2: are not in it to make money off you exactly.
Speaker 1: And then two that they have locations in like every
Speaker 1: state basically, so you would go to NFCC dot org
Speaker 1: and you would type in your zip code and they
Speaker 1: would show you the nearest place near you. I don't
Speaker 1: even think she actually went in. I think like she
Speaker 1: just like worked through it on the phone, and she's
Speaker 1: actually really happy with it. She had a lot of questions,
Speaker 1: she was really nervous. She ended up consolidating her dad.
Speaker 1: She's like, wow, like I'm gonna be able to pay
Speaker 1: it off sooner. My monthly payments are now lower, and
Speaker 1: she was like, is it normal that they charged me
Speaker 1: a fee. I'm like, well, how much is the fee?
Speaker 1: And she was like twenty bucks a month. I'm like, yes, girl,
Speaker 1: like that is more than fair. So I was just
Speaker 1: really happy that she was happy and was moving toward
Speaker 1: you know that she'll be done in a few years
Speaker 1: and there's no I was like, there's somethings. I told
Speaker 1: her to check on make sure there's no prepayment penalty.
Speaker 1: I know that there wasn't with the NFCC, but I
Speaker 1: want wanted her to be. I wanted her to start
Speaker 1: asking those questions as part of procedure, are there any
Speaker 1: prepayment penalties? What other fees do you have? Like? So
Speaker 1: I had her had kind of like this checklist, and
Speaker 1: so she ended up feeling really empowered and so yeah,
Speaker 1: it's it's just a great organization if you're if you're
Speaker 1: in trouble and you want to you really need some handholding,
Speaker 1: but you can't afford you know, these other companies. Do
Speaker 1: you want to boost or do you want to break?
Speaker 1: I'm excited because I actually have a really good boot today.
Speaker 1: So I was like, we're not giving over boost to break.
Speaker 2: I wasn't gonna but okay, you go first time.
Speaker 1: Essence, it's back black owned. Isn't that so crazy that
Speaker 1: that's something that.
Speaker 2: We have to say that Essences I didn't know that
Speaker 2: they weren't exciting, though I know they.
Speaker 1: Were on my time ink. And so they were actually
Speaker 1: bought by I think his name is Richard mister Richelieu.
Speaker 1: I'm saying his name completely wrong, I'm sure. So he
Speaker 1: actually was the man that founded and created Shamee Moisture,
Speaker 1: and so he actually sold Shamee Moisture to Unilever, and
Speaker 1: I'm sure all that cash he said, what am I
Speaker 1: gonna do with this cash? So he ended up purchasing Essence.
Speaker 1: And what's super exciting is that their executive board is
Speaker 1: all black women, which I'm like, yes, So it's just
Speaker 1: like I know a lot of people that work at Essence,
Speaker 1: and everyone over there is like super duper duper excited,
Speaker 1: and so yeah, So because Essence is not just a magazine,
Speaker 1: Essence is a communications company. So they you know, they
Speaker 1: have Essence Fest and they have conferences and experiential like
Speaker 1: platforms and e commerce and so I'm just I'm just
Speaker 1: really excited to see the direction that Essence takes now
Speaker 1: that the magazine that speaks to black women is run
Speaker 1: basically by black women, which makes sense.
Speaker 2: That's amazing, and it doesn't happen that often.
Speaker 1: It doesn't. So that's a huge boost. You know, twenty eighteen,
Speaker 1: you doing all right, you know, keep it up, keep
Speaker 1: it up, keep it cute. And so that was just
Speaker 1: a little great Like I just saw everybody was super excited.
Speaker 1: I saw people who did not never bought Essence were like,
Speaker 1: I subscribed. I can't wait. Because the truth of the
Speaker 1: matter is like all my young friends, my millennial my
Speaker 1: Mandy millennial friends were like, Essence, nobody reads that magazine anymore.
Speaker 1: But when I was a youngin, Essence was like the
Speaker 1: go to. So it'd be nice to kind of see
Speaker 1: it pop again, you know. Oh on a little side boost,
Speaker 1: I got your car your holiday card today.
Speaker 2: Oh you did, Happy New Year. It's a little bit late.
Speaker 2: Playing the blizzard.
Speaker 1: He was so cute. Summer man is so cute. He
Speaker 1: opened it. He was like, oh, this is so nice.
Speaker 1: Look at Mandy. What did he say? She looks like
Speaker 1: she looks hilarious, she looks like fun or something like that.
Speaker 1: I bet you that's why I Enrique fell in love
Speaker 1: with her.
Speaker 2: I just sometimes like.
Speaker 1: Superman will just say the most like sweetest thing, and
Speaker 1: I'm just looking at him like that was really nice
Speaker 1: to say. He was like, I don't know where. It
Speaker 1: just came out of nowhere. He was just looking at
Speaker 1: the card like he was like, we're putting it on
Speaker 1: refrigerator right here, so it's on our fridge.
Speaker 2: I made the fridge.
Speaker 1: Well, yeah, you made the fridge.
Speaker 2: Meanwhile, mine set them a baby baby cards. I'm like
Speaker 2: this year, I was like, you gotta go. Sorry, little Joey,
Speaker 2: there's no more space for you.
Speaker 1: Anthony.
Speaker 2: Baby Anthony's got a got a new portrait. Gotta put
Speaker 2: that right up front. Yeah we did.
Speaker 1: We did kick somebody else off the fridge, and I
Speaker 1: was like, we gotta kick them off the fridge. He
Speaker 1: was like, it's no, it's time for them to go.
Speaker 1: We're putting Andy. We're putting Mandy in and Enrique here
Speaker 1: and instead. So you know, I was like, okay, I
Speaker 1: can do that.
Speaker 2: Here's my pro tip. I don't like to send Christmas
Speaker 2: cards like pre holiday cards. I send New Year's cards.
Speaker 1: Why.
Speaker 2: I ordered them like two days after the New Year.
Speaker 2: Whenever I can and they always have amazing deals on
Speaker 2: like New Year's cards after the New Year, and you
Speaker 2: know in the mail, like things get there a few
Speaker 2: days after you send them. So I think that's that's
Speaker 2: I think I spent. I saved like seventy percent on
Speaker 2: those New Year's cards because I waited until after the
Speaker 2: New Year, and like looked at all my promo codes
Speaker 2: and stuff, like Ebates had eight percent cash back. Then
Speaker 2: the website had like sixty percent off. It was it
Speaker 2: was exciting.
Speaker 1: That's smart, actually really smart. I'm like because I said,
Speaker 1: I'm like, I want to be one of those people
Speaker 1: that sends the really cute cards with like their family
Speaker 1: and stuff on it and everybody looks forward to it.
Speaker 2: So yeah, man, my boost is gonna be for So.
Speaker 2: I just watched the first episode of Grownish this Weekay,
Speaker 2: so I think I'm a little bit too old for it,
Speaker 2: but I really I'm just like, I was so happy
Speaker 2: because I love Yara Shahidi, who I still can't believe
Speaker 2: is like seventeen and a half or something crazy like that.
Speaker 2: But this is a spinoff from Blackish. They gave her
Speaker 2: her own show.
Speaker 1: Now. Yeah, it looks really cute. I saw a little
Speaker 1: bit of it.
Speaker 2: It feels like it feels like a different world, like
Speaker 2: of this generation, and it was really exciting to see
Speaker 2: it has like a real diverse cast. There's like there's gay,
Speaker 2: there's a bisexual character, there's obvious, there's like a there's
Speaker 2: an Asian character. I don't know. It just feels it
Speaker 2: feels really good and refreshing, and I wish I were
Speaker 2: nineteen be cause I feel like I would love it.
Speaker 2: But shout out to your Shihidi in the Blackish Family
Speaker 2: for the spinoff What Nework is that on? I just
Speaker 2: watch everything on Hulu now.
Speaker 1: Yeah, I'm like, I don't know, demand, I don't know.
Speaker 1: I feel like nobody watches things in real time hardly anymore.
Speaker 2: I could do a whole boost for just female powered,
Speaker 2: women of color powered TV right now, because I feel
Speaker 2: like it's just amazing right now. Lena Waite has a
Speaker 2: new show on Netflix called The Shy Isn't Shy? It
Speaker 2: has to be shy right like Chicago, Chicago? Yeah, it's
Speaker 2: about it. I think it's about the gun violence at Chicago,
Speaker 2: but told through like real stories. I haven't watched it yet,
Speaker 2: but I'm really excited to watch it.
Speaker 1: It looks really good.
Speaker 2: And there's like the new Netflix show with two had
Speaker 2: two chocolate sisters who are like hijacking trains, Like you know,
Speaker 2: it's I feel like, what's really exciting is when you
Speaker 2: see shows about women of color where their color is
Speaker 2: not the focus of the show.
Speaker 1: Yeah. I love that. Uh huh okay, yeah.
Speaker 2: Two teenagers like robbing trains.
Speaker 1: That's fun. And then you know, like Etha Ray got
Speaker 1: like I think she got to a two show deal
Speaker 1: or something like that. Yeah. See, I don't know that's Netflix,
Speaker 1: but I know it's coming it's HBO or probably. Yeah.
Speaker 2: Because I was really sad that she didn't win Best Actress,
Speaker 2: I have to say we go back to the Golden Globes.
Speaker 2: I thought that she should have won. That was a bummer,
Speaker 2: but I digress. She was there with a girl, So.
Speaker 1: Yeah, I know. I love von She is like my favorite.
Speaker 1: We like key Key in our in our group chat,
Speaker 1: like she's just hilarious. Like in real life and on TV.
Speaker 2: She's been blowing up. She had all these sold out
Speaker 2: shows opening up for Chris Rock ivon What's her Last
Speaker 2: Same Orgy ion or oh opening up for Chris Rock
Speaker 2: and Manhattan, and then my friends saw her at Carolines
Speaker 2: the other day, like a sold out show at this
Speaker 2: it's a comedy club in New York, New York. It
Speaker 2: just yeah, it just feels good.
Speaker 1: It does feel good, just good.
Speaker 2: It feels like a boost to boost.
Speaker 1: I feel like you haven't Yeah, I feel like we
Speaker 1: haven't done too boosts in Wow to boost. The Ravens
Speaker 1: tried real hard. Well, I'm excited because as we move
Speaker 1: into ask a question, get an answer, we're gonna focus
Speaker 1: our Q and A today on net worth. Correct, Mandra Yes, So.
Speaker 2: As you guys all know Tiffany on the side, Tiffany
Speaker 2: the Budget Nista Elite, your superhero persona. So for the
Speaker 2: last how many years now three four years, it's our
Speaker 2: fourth year, fourth year doing the Liverature Challenge, and this
Speaker 2: year was all about net worth, which is my favorite
Speaker 2: word ever, networth. So I thought today on the show,
Speaker 2: we could take a question from a listener who's asking
Speaker 2: about how to build her net worth, and I wanted
Speaker 2: to talk to you first about why is net worth
Speaker 2: the most important number you can know about yourself? Just
Speaker 2: to set us up.
Speaker 1: Well, because networth gives a more accurate picture of where
Speaker 1: you really stand. Financially. So if you tell somebody, oh,
Speaker 1: I make thirty thousand dollars a year, they might be like, ooh,
Speaker 1: you broke job. But that's not the full picture because
Speaker 1: that's just what you make. But it doesn't really it
Speaker 1: doesn't really explain or express how much you have as
Speaker 1: far as your finances. And you might tell somebody I
Speaker 1: make a million dollars a year and it sounds awesome,
Speaker 1: but that doesn't, like I said, express where you stand
Speaker 1: as far as your financial health. And so your net
Speaker 1: worth is a it's based upon two numbers. It's based
Speaker 1: upon your assets that's what you own, and your liabilities
Speaker 1: that's what you owe. So your net worth is what
Speaker 1: you own assets minus what you owe liability. So own
Speaker 1: like a car. People some people debate whether your car
Speaker 1: could be an asset.
Speaker 2: It can be saving sort of a praise like you
Speaker 2: only for the value it is, right.
Speaker 1: Yeah, exactly. You're same thing like with if if you
Speaker 1: have investment accounts retirement. So you have to think to
Speaker 1: yourself this way that your assets are things that if
Speaker 1: you were to to liquidate them and get cash for them,
Speaker 1: what would you get. Now that's what your assets are worth.
Speaker 1: So like let's just say you own some pretty expensive jewelry,
Speaker 1: you know, you can include that in your net worth
Speaker 1: of your jury is a substantial enough, you know, not
Speaker 1: like if you have a you know, I mean, if
Speaker 1: you've got like a fifty dollars ring, that's cute, But
Speaker 1: I don't know, I wouldn't necessarily add that to my
Speaker 1: networth unless I unless I was like, you know, young,
Speaker 1: and I didn't have many assets. But your liabilities are
Speaker 1: things like you loan, your mortgage, your car note. So
Speaker 1: some people were asking me, like when they're folks who
Speaker 1: are doing the challenge, delivered your challenge, if if like
Speaker 1: their cable bill is a liability, and I'm like, no,
Speaker 1: unless you're behind. You have to think about your liability
Speaker 1: basically is debt not bills, So something that you have
Speaker 1: to pay down and off, that's the liability.
Speaker 2: So it's different from cash flow, Yes, it is.
Speaker 1: Different from cash flow. It's a networth is a snapshot
Speaker 1: right now of how much and what you own. If
Speaker 1: you would liquidate everything, what would that number be, you know,
Speaker 1: and then how much of what you owe If everybody
Speaker 1: came calling today and say give me my money everything
Speaker 1: that you own me right now what would what would
Speaker 1: the end result be? Would it be negative? At one point,
Speaker 1: I was almost three hundred thousand dollars. My network was
Speaker 1: a negative three hundred thousand almost because I owed the
Speaker 1: house that I eventually lost, which was like two hundred
Speaker 1: thousand my mortgage. I also owed thirty five thousand dollars
Speaker 1: on a credit card because of a scam that I
Speaker 1: was a victim of. And then I also owed fifty
Speaker 1: thousand on a on my student loans, so that was
Speaker 1: like what to eighty and I didn't own and well,
Speaker 1: I had a beat up car, so it was like
Speaker 1: maybe the car's worth pair five thousand. That's literally all
Speaker 1: I had left because I had taken all the money
Speaker 1: out of my retirement account, I had no savings, I
Speaker 1: had no money, maybe like a few bucks in my pocket,
Speaker 1: but that was it. So my net worth was basically
Speaker 1: like negative two seventy five, so pretty steep. And that's
Speaker 1: one of the reasons why I kind of really wanted
Speaker 1: to focus on networth this year with the Liveratuer Challenge,
Speaker 1: because we've done the fundamentals. That was the first year
Speaker 1: we've done the savings edition. That was the second year.
Speaker 1: Last year, you know, we we partnered with Magnify Money,
Speaker 1: and you guys saw Mandy every single week and I'm
Speaker 1: gonna get her on this challenge as well. We did
Speaker 1: the Credit edition, which is really dope, and so this year,
Speaker 1: as usual, the challenge is completely free. It's my gift
Speaker 1: to y'all. You can sign up for the Networth Edition
Speaker 1: at l RC networth dot com. We actually don't have
Speaker 1: like any big sponsor or anything this year, so just
Speaker 1: like kind of like me out of pocket, just like
Speaker 1: sharing because I love to see y'all move full. So
Speaker 1: I can't wait to, you know, take this net Worth
Speaker 1: question so y'all can learn how to make a networth
Speaker 1: pop in twenty eighteen.
Speaker 2: And I love what I love about net worth too,
Speaker 2: And I'll put a link to the Literature Challenge Networth
Speaker 2: LRC Networth THH dot com. Yeah not Network. Someone had
Speaker 2: asked Network, what.
Speaker 1: I know it's my list? I'm sorry. No.
Speaker 2: What I love about it is that it's not it almost.
Speaker 2: I feel like sometimes people are pleasantly surprised by their
Speaker 2: net worth because it's really easy to think about everything
Speaker 2: that is due and everything that maybe like your student
Speaker 2: loan debt or you know, your mortgage or whatnot. But
Speaker 2: when you're talking about your mortgage, you also have to
Speaker 2: look at the equity in your home that you you
Speaker 2: know the value of your home, and take that into account.
Speaker 2: The value the equity in your home is an asset.
Speaker 2: The mortgage is a debt. But when you put them together,
Speaker 2: you have a much smaller number than the debt that
Speaker 2: you owe. Or yeah, you hopefully have a much smaller number.
Speaker 2: So I just think, yeah, it's a more holistic way
Speaker 2: and more like realistic way of looking at what you
Speaker 2: owe and also what you have working for you. So
Speaker 2: love it, love it, love it. So in honor of
Speaker 2: the net Worths Challenge from the Liberature Challenge this year,
Speaker 2: I wanted to take this question and you guys, nothing
Speaker 2: has changed in the new year. You can still send
Speaker 2: your questions to us at Brown Ambition podcast dot.
Speaker 1: Com, well at gmail dot com. I'm like, wait a minute,
Speaker 1: well no, well that's true. I'm sorry, Brad, Oh wait,
Speaker 1: what's happening?
Speaker 2: Let me do that again. Question. Make sure to put
Speaker 2: in your email though, if you want us to use
Speaker 2: your name or not. If you don't, I just assume
Speaker 2: you want me to call your business out there. So uh,
Speaker 2: but thank you so much for your questions, and we
Speaker 2: do answer. These are real questions we're answering, So definitely
Speaker 2: check back on the next episode to see if we
Speaker 2: answered your question. So Ashley, I thought this question was
Speaker 2: really good and fitting for the net Worth conversation. So
Speaker 2: Ashley has this question, she says, I am well, I'm
Speaker 2: grateful for your knowledge and pleasant discussion of topics that
Speaker 2: can sometimes be difficult to discuss. I'm a twenty seven
Speaker 2: year old married teacher of five years. I have a
Speaker 2: tendency to look for more work like tutoring, essay grading,
Speaker 2: academic support, rather than trying to better manage the funds
Speaker 2: I am currently earning. What recommendations do you have for
Speaker 2: a go getter to get on track to get on
Speaker 2: track for better financial management. I see that working hard
Speaker 2: and getting side hustles was great, but I also feel
Speaker 2: like I'm losing time with my family and also have
Speaker 2: to consider that as part of the price. So it's
Speaker 2: like she's taking on a bunch of work trying to
Speaker 2: increase her This is one way to increase your net worth,
Speaker 2: but she's wondering, like could she get further by working
Speaker 2: on the underlying issues that she may have like the
Speaker 2: reasons why she feels like she needs to take on
Speaker 2: this side hustle work in order to have to do
Speaker 2: less of it so she can spend more time with
Speaker 2: her her family.
Speaker 1: Definitely, Honestly, it's to me it's the age old question
Speaker 1: of how do you balance? Because networth is those two
Speaker 1: things that you can make more. That way you can
Speaker 1: have more, or you can spend less. That way you
Speaker 1: can get rid of your debt. And to me, there's
Speaker 1: no right or wrong. It really depends on what your
Speaker 1: personal goals are. So if you have not but I
Speaker 1: will say this that if you have not maximized your
Speaker 1: current budget meaning not meaning that like you know, you're
Speaker 1: counting every little penny and you're not going anywhere or
Speaker 1: anything else, but you're not you don't have an actual
Speaker 1: working budget. You're not kind of looking at the ins
Speaker 1: and outs of how the money is coming in. Definitely
Speaker 1: do that because you might find you don't have to
Speaker 1: work as much as you think. You know, that's the
Speaker 1: key is that I don't believe in what I call
Speaker 1: over sacrifice. What I don't just call it that, it's
Speaker 1: like a word like I don't believe in over sacrifice,
Speaker 1: meaning like you shouldn't do more than you have to
Speaker 1: do to achieve your dream. So if your goal is
Speaker 1: to save let's just say ten thousand dollars in twenty eighteen,
Speaker 1: you can say, well, I can work extra hours to
Speaker 1: make ten thousand. Or you know what if we you know,
Speaker 1: eight out lunch, you know, only three times a week
Speaker 1: instead of five times a week, we could save five
Speaker 1: of the ten and I only have to work half
Speaker 1: as much. So you have to kind of do that
Speaker 1: that like juggling act, but start with your basic budget
Speaker 1: so that way you don't have to over sacrifice, you
Speaker 1: don't have to work as much if that's not what
Speaker 1: you so desire.
Speaker 2: Yeah, and I think too looking at I feel like
Speaker 2: looking at decisions and asking yourself, how is this going
Speaker 2: to impact my net worth? Like once you get that number,
Speaker 2: you know, let's say it's like, I don't know, negative
Speaker 2: five thousand, Like you're making a good income, but you
Speaker 2: have ten thousand dollars in debt and you got five
Speaker 2: thousand in the bank saved up, so your negative five
Speaker 2: thousand dollars net worth. Like, I think, once you have
Speaker 2: that number and every major decision you're about to make,
Speaker 2: asking yourself, like how is this going to impact my
Speaker 2: net worth? Is it going to get bigger or is
Speaker 2: it going to get smaller. I think that that can
Speaker 2: really help people. I mean, I think that's a differference
Speaker 2: between going out and upgrade into the hottest car or
Speaker 2: that new iPhone because you feel like everyone has it, yep,
Speaker 2: versus finding a car that you can drive for ten
Speaker 2: years because it's gonna make your net worth positive.
Speaker 1: Exactly, and it starts to change your decisions. I mean,
Speaker 1: when I first met Superman, he wanted a new car
Speaker 1: so bad, and it took like a herculean effort not
Speaker 1: to convince him not to get a car, not to
Speaker 1: get a car just yet. And so because he had
Speaker 1: a car, he just wanted a new car. And then
Speaker 1: it wasn't until we really started the home buying process
Speaker 1: and he saw that we had enough to get a
Speaker 1: house cash and what that meant. And now there's a
Speaker 1: potential investment property that we're going to purchase, And now
Speaker 1: all of a sudden, he starts he's shifting like what
Speaker 1: he sees that money can do, Like I can get
Speaker 1: this car, or I can get this property that's actually
Speaker 1: going to put one hundred thousand dollars in our pocket. Huh,
Speaker 1: let's do that instead. And so, you know, it's much
Speaker 1: easier to stick to a plan when you have a
Speaker 1: specific goal in mine and the goal is tangible, because
Speaker 1: it shifts your definition of sacrifice because no one really
Speaker 1: likes sacrifice. But I don't feel like what we do
Speaker 1: is sacrifice because in the end, there's so much more
Speaker 1: to be gotten. So asking yourself, you know, kind of
Speaker 1: like what is that end goal? Because then it becomes
Speaker 1: joyful making decisions that put you toward that end goal,
Speaker 1: and you start to realize that the things that you
Speaker 1: wanted to collect before, you know, are actually not not
Speaker 1: as fun because they take you away from your goal
Speaker 1: of financial freedom.
Speaker 2: Yeah, we talk about let's talk about some like actionable
Speaker 2: ways to improve your network. So there's the obvious ones,
Speaker 2: like Ashley is in trying to increase her income. That's
Speaker 2: obviously one way to improve your net worth. Paying down
Speaker 2: your liabilities like debts is one way to increase your
Speaker 2: net worth. Sit and budgeting, you know, cutting expenses so
Speaker 2: that you're like your day to day living expenses are decreased,
Speaker 2: that's another good way. What about like strategic ways to
Speaker 2: increase your net worth. Like for example, one way to
Speaker 2: increase your net worth obviously is to cut expenses so
Speaker 2: you can save more, but think about saving in a
Speaker 2: vehicle that could like really work for you, Like saving
Speaker 2: in a way where your money can actually grow. You know,
Speaker 2: baby steps obviously, like getting an online savings account where
Speaker 2: you might get a better return for your money, or
Speaker 2: a CD where CD rates are arising, or something even
Speaker 2: bigger like what Tiffany's saying, like seeing about investing some savings,
Speaker 2: investing your your finances into an investment property that could
Speaker 2: potentially give you returns. Opening up or contributing to your
Speaker 2: four to one K which can give you return on
Speaker 2: your money over time, or like opening up a brokerage
Speaker 2: account on the side when you feel like you are
Speaker 2: in a place where you can do that because then
Speaker 2: your money is working for you and it's it's like
Speaker 2: adding that extra little bit of something something to your
Speaker 2: strategy so you're not just so you don't like you're
Speaker 2: just like some people can feel like you're digging a
Speaker 2: hole and it's just like filling back up with stand
Speaker 2: is that the expression is that a thing I'm like,
Speaker 2: I haven't heard that you're trying to put down but thanks.
Speaker 1: That's not a normal expression.
Speaker 2: It's like when you get a big plate of food
Speaker 2: at a restaurant and you're like, damn, I feel like
Speaker 2: I've been eating for days and it's not going anywhere. Yeah,
Speaker 2: like that just me, No, okay. Anyway, it helps you
Speaker 2: move the needle a little bit faster to think of,
Speaker 2: like how can I maximize my savings? And you know,
Speaker 2: what about maximizing that? Like if you have income from
Speaker 2: your side hustle, how you know maybe instead of just
Speaker 2: putting it in a regular savings account, if you know,
Speaker 2: if you've got most of your debts paid off and
Speaker 2: you can invest it, like why not make the money
Speaker 2: work a little bit, you know, investing into a brokerage
Speaker 2: account or an IRA or something or an IRA or
Speaker 2: something like that on the side, or putting it toward
Speaker 2: a bigger investment goal, like like an investment property down
Speaker 2: the line.
Speaker 1: There's actually I want to give you a link, Mandy,
Speaker 1: to put on our blog because I've been really trying
Speaker 1: to like a investigate different robo advising companies, you know,
Speaker 1: like Acorns and I think Ally has one. And of
Speaker 1: course there's learned vest that you've used before, and there's
Speaker 1: one called earned Vet no l Vest that I've like.
Speaker 1: I went to New York to meet with them to
Speaker 1: really learn more about what they do. And one thing
Speaker 1: that they have and I'll give you the link for it,
Speaker 1: is that they actually do and I just got mine
Speaker 1: the other day and I thought it was great. They
Speaker 1: do a free investment plan which can cost anywhere from
Speaker 1: one thousand dollars plus. And because I had actually paid
Speaker 1: an investment advisor not too long ago to create an
Speaker 1: investment plan. So what I liked about the Lvest investment
Speaker 1: plan was that you went on you said your age,
Speaker 1: and there was like five different future financial goals choose
Speaker 1: from like I want to get a house, or I
Speaker 1: want to I want to grow wealth, or I want
Speaker 1: to retire or whatever. You choose your goals and then
Speaker 1: you put your goals in order of importance and then
Speaker 1: you put down how much money do you want to
Speaker 1: have one and then so Elves creates like this just
Speaker 1: like personalized plan that kind of says, okay, Mandy at
Speaker 1: the age R Now if you save for twenty years
Speaker 1: and put it in an IRA account or you put
Speaker 1: it in this kind of account and the average rate
Speaker 1: of return on that account is this, this is what
Speaker 1: you're gonna have. This is how close you can get
Speaker 1: to your to your goal. I just thought it was
Speaker 1: really great to kind of see like these numbers compute.
Speaker 1: But in a way that was because I've done a
Speaker 1: lot of those kind of like almost all of them
Speaker 1: have something similar like that. But I'm not gonna lie.
Speaker 1: Sometimes I'm looking at it, I'm like, I don't know
Speaker 1: what this means, you know, like what is this? What
Speaker 1: do these numbers mean? But it was really clearly define
Speaker 1: and it's completely free. You know. Of course it's always
Speaker 1: an upset which you don't have to because I have
Speaker 1: a financial advisor. So you can take your investment plan
Speaker 1: and sit with your financial advisor if you have one,
Speaker 1: or take your investment plan if you decide you want
Speaker 1: to invest on your own, but at least you have
Speaker 1: some sort of blueprint. So it's like I said, it's free,
Speaker 1: and I don't know how long it'll be free, but
Speaker 1: well I think I'm pretty sure'll be free for a
Speaker 1: long time.
Speaker 2: Ago specifically, what's free is the investment plan, right, because
Speaker 2: they do charge fees for their So that's what.
Speaker 1: I mean that just get yourself the investment planned. You don't,
Speaker 1: You're no under no obligation obviously to sign up for elvest,
Speaker 1: but get it, cause I, like I said, I have
Speaker 1: a financial visor already, so I'm not. I mean, I'm
Speaker 1: sure oves was great, but I already paid my financial visor,
Speaker 1: so he's gonna earn his keep. But I printed out
Speaker 1: my plan, so the next time I meet with Frank,
Speaker 1: I'm like, let's talk about this, you know. So it's
Speaker 1: a great like kind of like opener tool to say, hey,
Speaker 1: these are my goals. Now I can see them in
Speaker 1: like this financial way that I understand. Let me you know,
Speaker 1: it's just a great jumping off point no matter what
Speaker 1: you decide to do with.
Speaker 2: It and all of us. It's actually been around for
Speaker 2: a few years, but it's just now like really catching on.
Speaker 2: They've been doing a lot of marketing. But it's it's
Speaker 2: targeted toward women, l get it. Lelevest, Yeah, it's targeted
Speaker 2: toward women. Founded by Sally Crawcheck, who's a long time
Speaker 2: executive in the banking industry. So and I would put
Speaker 2: it in the category of a betterment wealth front Elevest
Speaker 2: because they have these sort of prepackaged sort of investment
Speaker 2: portfolios and do you do get sort of like a
Speaker 2: semi tailored investment portfolio, but they're not like actively moving
Speaker 2: like they're not actively managing it like you get it
Speaker 2: like you know, really an expensive investment firm and they
Speaker 2: but because of that, they can charge lower fees than
Speaker 2: what you may get from like traditional investment firms. But
Speaker 2: it's in that category of like betterment wealth front yep,
Speaker 2: I'm blinking on some others.
Speaker 1: Acorns, right, is acorn worn well.
Speaker 2: Acorns is a little bit different because that's collecting savings
Speaker 2: that like as in acorns where they're tracking your spending
Speaker 2: and you can set aside the change that they find
Speaker 2: in your bank account and invest it.
Speaker 1: Yeah, you're right. Yeah, it's more so you're right. Acorns
Speaker 1: is more like a like a roundup and so maybe
Speaker 1: like a wise banion. That's another one that's kind of
Speaker 1: like does that kind of like advising robo advising where
Speaker 1: they advise you but not it it's it's it's not
Speaker 1: as in depth as you sat in front of somebody,
Speaker 1: but not as hands off as you did it by yourself.
Speaker 2: Yeah, Acorns is a good for beginners, like if you
Speaker 2: if you don't have a lot of money. You don't have, like,
Speaker 2: you know, enough money to to qualify for minimum balances
Speaker 2: for like a brokerage account. So you want to start
Speaker 2: with acorns, just get your toes wet. That's cool, like
Speaker 2: an lavest a betterment. That's if you have a little
Speaker 2: bit of money outside of your four one K and
Speaker 2: you want you want sort of like a semi hands
Speaker 2: off approach to investing, and that's where like a robo
Speaker 2: advisor can be helpful. Yeah, I have. I've looked into, Like, oh,
Speaker 2: personal Capital is another one. Personal Capital is pretty good.
Speaker 2: You It's it's sort of it's like it's like a
Speaker 2: mint coupled with an advicement, an investment advisory firm, like
Speaker 2: a digital investment advisory. So I think you have to
Speaker 2: have a certain amount of assets. But it's I love
Speaker 2: it because I love their interface so much, and it's
Speaker 2: it's where I get my networth at. I love Personal
Speaker 2: Capital's like whole interface. Okay, And if you want to
Speaker 2: like go the next step up, you can get one
Speaker 2: on one coaching from their advisors. I don't actually know
Speaker 2: what their fees are, but it's something to look into too.
Speaker 2: Personal Capital.
Speaker 1: Okay, Oh, I've heard about them too. I've heard good
Speaker 1: things about them. I mean somebody just hit I think
Speaker 1: I feel like somebody hit me on social media. It
Speaker 1: was like Tiffany, I like Personal Capital have do you heard?
Speaker 1: Have you heard of them? These kind of like new
Speaker 1: These companies are new Wish, Like it's a movement that's
Speaker 1: been growing, but it's new Wish. So it's really to
Speaker 1: answer the question for folks who want to invest but
Speaker 1: don't traditionally want to kind of sit in front of
Speaker 1: a person. They're like, what financial advisor, but also are
Speaker 1: like I don't know what to do. So it's just
Speaker 1: like it's a great way to do it yourself, but
Speaker 1: not oveway by yourself. It's almost like going to college.
Speaker 1: So you're like, I'm an adult, but you live in
Speaker 1: the dorm and there's like a dor mom, and you're like, okay,
Speaker 1: you're you live by you, you're independent with help, you know.
Speaker 2: I think it's really exciting to look. It's also like
Speaker 2: if it you know, if it's I think it's really
Speaker 2: smart that you're doing net worths four years and because
Speaker 2: it's almost like, okay, we've worked on the budget, worked
Speaker 2: on credit debt, you should have a bit of a
Speaker 2: net worth now, so now how do you maximize it?
Speaker 2: And that's for these tools, and that's where looking at
Speaker 2: an investment strategy. This is the exciting part where you're like, Okay,
Speaker 2: I'm in a pretty solid place, yeah, and I'm ready
Speaker 2: to make my money work for me.
Speaker 1: And that's why we've done it like this, like I've
Speaker 1: been really because what I what I also try to
Speaker 1: make sure that we do is we really try to
Speaker 1: listen to the DreamCatcher. So that's the community that allows
Speaker 1: me to help them move forward financially. And so we
Speaker 1: always are doing surveys and also too, we have our
Speaker 1: Facebook group, so I'm always like kind of taking a
Speaker 1: temperature in the group of like what are people talking about.
Speaker 1: In the beginning, the first the ritual challenge was all
Speaker 1: about the fundamentals because people were literally like I'm just
Speaker 1: trying to say five dollars a month. So I was like, okay,
Speaker 1: how do we get you to the fundamentals of basic budgeting,
Speaker 1: basic money mindset? And then it was like everybody want
Speaker 1: to save more and I'm like okay, And then it
Speaker 1: was like okay, girl, I'll have some savings. My credit
Speaker 1: is crazy. Then it's like Okay, So it's I'm really
Speaker 1: wanting to push us forward, and so I don't know
Speaker 1: what next year is going to be. Like I said,
Speaker 1: I take a temperature, I ask questions, I look at
Speaker 1: the survey and then it but it'll it'll build upon networth.
Speaker 1: It might be the Investment Challenge, it might be the
Speaker 1: small business edition of you know So, but just whatever
Speaker 1: the next level kind of looks like. And then and
Speaker 1: then I think that'll be it, quite honestly, and this
Speaker 1: is my first time saying it publicly, but I think
Speaker 1: after that that we'll just loop the challenges back around again,
Speaker 1: that it'll it'll round at at five solid free challenges
Speaker 1: and then you know, we'll go back and start with
Speaker 1: the fundamentals again for those who want to do that again,
Speaker 1: and just like reloop every five years with the challenges.
Speaker 1: And honestly, I'm really proud of them because so many
Speaker 1: people have been able to help themselves. Like I always say,
Speaker 1: I don't want to be your financial guru. I think, like,
Speaker 1: first of all, I don't I know like five things,
Speaker 1: and I'm like, girl, I don't know, but what I
Speaker 1: do know is how to teach, and so if I
Speaker 1: figure it out after messing up, or I can phone
Speaker 1: a friend. I know how to put it in a
Speaker 1: way that you can now help yourself. I want to
Speaker 1: be your financial girlfriend where I'm like, I'm not here
Speaker 1: to tell you like everything, and you're supposed to come
Speaker 1: back to the well and keep dipping into the well. No,
Speaker 1: I'm here to create a resource that can teach you
Speaker 1: that has been well researched, not just from my own knowledge,
Speaker 1: that I've partnered with really dope people to make sure
Speaker 1: that the information is correct and accurate, and that teaches
Speaker 1: you in a way that honors where you currently are
Speaker 1: and teaches you in a way that you're able to
Speaker 1: reteach the people in your network. Because a guru has
Speaker 1: to talk to everyone. A girlfriend just talks to you,
Speaker 1: and then you're the girlfriend to your girlfriends. And so
Speaker 1: that's what i want. I want to teach you and
Speaker 1: for you to take that information and to share with
Speaker 1: other people. And that's how movements really move forward. Because
Speaker 1: one day I'm gonna have twins and I'm gonna be
Speaker 1: too busy for all of this. Wait what, I don't know.
Speaker 1: That's what Superman said. He's like, you know, we haven't twins, right,
Speaker 1: I'm like, please stop wishing twins upon my unius. It's
Speaker 1: like and my mom today said it. She was like,
Speaker 1: I was just thinking about you. I think you guys
Speaker 1: should go for twins. I'm like, why is everybody telling
Speaker 1: us because he's just going for well, because well, because
Speaker 1: so my surgery is gonna be in like two weeks.
Speaker 1: So we haven't talked about how we're gonna be our taping,
Speaker 1: but so and so my fibride surgery, and then three
Speaker 1: months after that we can try to have a baby.
Speaker 1: But I think honestly that instead of like waiting for
Speaker 1: just the natural route, I think I'm actually gonna go
Speaker 1: for in vitro because I'm thirty eight. So I just
Speaker 1: kind of feel like, girl, maybe pro thirty i'd be like, well,
Speaker 1: let's try for a year naturally. But I feel like,
Speaker 1: you know, at thirty eight, I'm kind of like, let's
Speaker 1: stack the odds in our favor. Plus he's got that
Speaker 1: good insurance so that they paid for everything, they paid,
Speaker 1: they would pay for everything, and you know, yeah, one
Speaker 1: of his coworkers actually had twins. She chose to have
Speaker 1: two fertilized eggs and planted, and he was like, well,
Speaker 1: you know what that means. I'm like, I don't actually
Speaker 1: know what that means, but I'm becoming more and more
Speaker 1: open to the thought of twins because although I know
Speaker 1: it would be a lot, especially for the first time
Speaker 1: out that I don't know that I just don't know
Speaker 1: at thirty eight, if I'm gonna be able to do
Speaker 1: it twice, you know what I mean. Like, there's like,
Speaker 1: if I get pregnant this one time, this might be it,
Speaker 1: you know what I mean. So, and I kind of
Speaker 1: don't want to just have one kid. I mean, more
Speaker 1: and more that I think about. I mean, we have
Speaker 1: bonus daughter, which I love, and she's eleven, so I
Speaker 1: really I mean, I grew up with sisters close to
Speaker 1: my age, and I know what it is to have
Speaker 1: someone close to your age to play with and hang
Speaker 1: out with, and that should beff and I kind of
Speaker 1: want that for my kid, And so I'm thinking about twins. Girl,
Speaker 1: we shall see a budgeted the babies, Oh, Chad, I'm
Speaker 1: gonna make those. The time those kids are five, they
Speaker 1: will have paid for their their college tuition with I'm like,
Speaker 1: I need we're gonna be doing a blog post. Guy,
Speaker 1: Are you guys ready? Are the babies ready, let's go.
Speaker 2: I'm just excited for all the amazing financial conversations we
Speaker 2: can have about in vitro fertilization and exciting. Yes, please
Speaker 2: continue being continue experiencing these things.
Speaker 1: It's nerve wracking because everybody who's had in vitro wants
Speaker 1: to tell me how much it hurts. I'm like, girl,
Speaker 1: I don't want to hear all that, just like having.
Speaker 2: You know, like you gotta like pump yourself for home
Speaker 2: owns before they even inject you, Like.
Speaker 1: Yeah, you know exactly, And so I mean, I'm just
Speaker 1: trying to get through the fibroids. So you know, it's
Speaker 1: because it's nervous because I actually just last night on
Speaker 1: the news they had like this like breakthrough where they
Speaker 1: have this fibroid pill now, but it's not fully vetted.
Speaker 1: So my mom was telling me about it and I
Speaker 1: was like, well, Wammy, I don't know how far off
Speaker 1: that is, like my surgeries in two weeks. I don't
Speaker 1: want to push it off. And then it's like, well,
Speaker 1: do you get the surgery where they cut you open
Speaker 1: like a c section, or you did get the lapiscopic
Speaker 1: I think where they kind of like laser it out,
Speaker 1: and so just there's so many choices and so many
Speaker 1: risks depending what you choose, and then if you choose
Speaker 1: the surgery, there might be scar tissue, you can never
Speaker 1: get pregnant. There's just honestly, everybody.
Speaker 2: One of my friends has just gone through this whole
Speaker 2: fibroid situation this last year over the summer, she'd had
Speaker 2: the surgery and she is fine. Now okay, so don't
Speaker 2: I mean, if that can give you any sort of piece,
Speaker 2: She's okay, she's good, she's healthy.
Speaker 1: Because I know everybody has so many things and I'm like, ah,
Speaker 1: but I'm like, you know what, it's scheduled because if
Speaker 1: I if I try to push it back to do
Speaker 1: more research, then I'm just not going to do it.
Speaker 1: And I'm like it has to happen because these five words.
Speaker 1: And it's so crazy. When I talk to people about
Speaker 1: five boards, I would say one out of every three
Speaker 1: women of color that I say, did I tell that
Speaker 1: I have five boys, They're like, oh, yeah, me too.
Speaker 1: So either they've already had their kids or they haven't.
Speaker 1: They're trying to figure out what to do next. Reason
Speaker 1: why I talk about it because I want to normalize
Speaker 1: the fact that this is something that specifically our Brown
Speaker 1: ambition community experiences at a higher rate than other communities,
Speaker 1: and it's something that we should talk about that it
Speaker 1: shouldn't be some hidden secret, you know, And what do
Speaker 1: you do? A lot of women are like, well, girl,
Speaker 1: I had my baby, so I'm good, you know, or
Speaker 1: like you know, a lot of women I know have
Speaker 1: used exercise and diet. So I mean, I've definitely lost
Speaker 1: weight and I've changed my diet. But I just don't
Speaker 1: have the time to kind of wait. Like if, like
Speaker 1: I said, if I was a little bit younger, maybe
Speaker 1: I'd be like, you know what, I'm going to rock
Speaker 1: out this year, strict diet and exercise, shrink them naturally,
Speaker 1: and then go for the baby. But at this point,
Speaker 1: I'm just like take them out because I want to
Speaker 1: get this party started right.
Speaker 2: You know what I found out you can purchase pregnancy
Speaker 2: tests and condoms with your FSA money.
Speaker 1: Really that's excellent, yes, because.
Speaker 2: I may or may not have on December thirty, it's
Speaker 2: been trying to blow through all my FSA money because
Speaker 2: I put way too much in there. Whoopsie. And you
Speaker 2: you know, your flex savings account or sorry is a
Speaker 2: flex spending account, So you can put up to like
Speaker 2: twenty six hundred dollars in their year, And I thought
Speaker 2: I had a bunch of dental work, but I still
Speaker 2: ended up with like six hundred bucks left over. Whoops.
Speaker 2: And you either use it or you lose it. So yeah,
Speaker 2: I found out though you can go to you can
Speaker 2: go to like drugstore dot website. So I went to
Speaker 2: drugstore dot com. Well what I what I happened was
Speaker 2: I went to Walgreens dot or right, yeah, drugstore dot com,
Speaker 2: which is like owned by Walgreens now, and they actually
Speaker 2: have an FSA shop in there. So everything in that
Speaker 2: little category on the site you can pay for with
Speaker 2: your benefits card. So you know, I may or may
Speaker 2: not have gotten a bunch of unneeded pregnancy tests, like
Speaker 2: did those expire? I don't even yeah, like six.
Speaker 1: You're like, yeah, I'll take all of them, all the tests,
Speaker 1: please take.
Speaker 2: You just want a little reassurance, you know, like those
Speaker 2: things aren't cheap. So you know, for me, it's like,
Speaker 2: oh am I not pregnant? Who but yeah, a bunch
Speaker 2: of those I mean, but like sun block, I got
Speaker 2: like a ship ton of the nice band aids that
Speaker 2: I like. Firstly, it's ridiculous sunscreen. I'm all ready to go. Yeah,
Speaker 2: I'm ready, and I will not be maxing out my
Speaker 2: my FSA this year because that was stupid.
Speaker 1: Well, when you know better, you do better.
Speaker 2: And now you know better, plan.
Speaker 1: It's time for week Wednesday, since you know our podcast
Speaker 1: goes lap on Wednesday. So are you gonna win? Well,
Speaker 1: we are a winner.
Speaker 2: There's only one choice.
Speaker 1: Yeah, that's true. I forget. This is not like but
Speaker 1: a long day, but a long good day. So what
Speaker 1: is your win for this week?
Speaker 2: I have to do a win for I mean, this
Speaker 2: is this is this is what win for workplace challenges,
Speaker 2: So a win for and I hope nobody who works
Speaker 2: for me is listening to this podcast episode. But it's
Speaker 2: my first time going through performance reviews as a manager,
Speaker 2: which means actually having to have those conversations with my employees.
Speaker 2: And I just wanted to do a anticipatory win that
Speaker 2: I'll do a really good job and I won't mess
Speaker 2: it up because I'm a little bit nervous of it.
Speaker 2: I know that's not really a win, but I just
Speaker 2: want it. I just need some encouraging, encouraging.
Speaker 1: Now you're gonna You're gonna win you're gonna rock out,
Speaker 1: You're gonna do well. They're gonna be like, oh my gosh, Mandy,
Speaker 1: it's amazing.
Speaker 2: And I'm also stealing some you know. I talked a
Speaker 2: lot about like things I've learned just going through resumes
Speaker 2: for open positions, like mistakes people have made and things
Speaker 2: that I look out for, and I'm i'll be, I'll
Speaker 2: be I'll be collecting some tips on on how to
Speaker 2: rock your performance review because I think for a lot
Speaker 2: of people, this is like the one time of year
Speaker 2: when they have an opportunity to remind their boss all
Speaker 2: the amazing things they did. And I've already had one
Speaker 2: case where someone reminded me of something that she had
Speaker 2: done earlier this year and I was like, oh, I
Speaker 2: forgot about that. You're right, that was dope. Yeah, So
Speaker 2: a win in advance for this whole process and hopefully
Speaker 2: making the right sort of decisions.
Speaker 1: Well, my win is kind of collective. So a friend
Speaker 1: of mine, her name is angeloviin McKnight. She's also an
Speaker 1: assembly woman. So you guys may have mentioned I remembered
Speaker 1: that I mentioned this like probably a year or so
Speaker 1: ago that so she's fairly new. Well, I don't know,
Speaker 1: maybe like a year or so in into her Assembly
Speaker 1: women this and she reached out to me and was like,
Speaker 1: I want to do something as it relates to education.
Speaker 1: I want to get something passed. And I said, okay, Well,
Speaker 1: in the state of New Jersey, there's a law where
Speaker 1: they have to teach some level of financial education in
Speaker 1: high school. But honestly, I taught preschool for ten years
Speaker 1: in New Jersey and it needs to start as low
Speaker 1: as kindergarten because by age truthfully, by age three, kids
Speaker 1: start saying can you buy me? Not can you can?
Speaker 1: You can? I have? And she was like really, And
Speaker 1: I was like, but there's no law for that. I mean,
Speaker 1: like teachers might teach a little bit about money or whatever,
Speaker 1: but there needs to be some thing in place, and
Speaker 1: she said okay. So we sat down together and we
Speaker 1: started crafting a bill, and then we met with some
Speaker 1: committee for Education of Kids or something like that and
Speaker 1: worked on the bill even further. And so the bill
Speaker 1: kind of like slowly started to grow and she started
Speaker 1: to get bipartisan support. And so the bill originally was
Speaker 1: going to be named the Budget East to Bill, but
Speaker 1: we found out we couldn't name it that because you
Speaker 1: can't name a bill out of a business, but we
Speaker 1: call it it that anyway. Really it's Bill A three
Speaker 1: three sixty nine, but who cares about that. It's the
Speaker 1: Budget East the bill. So what's super excited that she
Speaker 1: hit it yesterday and said, so there's three there's four
Speaker 1: levels of government that had to go through. It had
Speaker 1: to go through the what did she say? It had
Speaker 1: to go through the Assembly Committee, then the Assembly House,
Speaker 1: then the Senate Committee, and recently the Senate House. So
Speaker 1: there are thirty three senators in New Jersey in all,
Speaker 1: thirty three, so thirty three to zero voted yes on
Speaker 1: this bill. So that was the final kind of frontier
Speaker 1: as far as that part of the government is concerned.
Speaker 1: And now the last step. The bill now is currently
Speaker 1: on Governor Chris Christie's desk and all he has to
Speaker 1: do is sign it and that bill becomes law. Yes,
Speaker 1: and that law would be that K through eight So
Speaker 1: kindergarten to eighth grade would have to learn some level
Speaker 1: and I'm sure we'll figure out the logistics and stuff later,
Speaker 1: but they have to be taught financial education. So the
Speaker 1: first time they're not introduced to it for the first
Speaker 1: time in high school. That they're learning it early on
Speaker 1: and just to be it's just it feels crazy and
Speaker 1: historic and momentous to be part of, like something that
Speaker 1: can be turned into a law. So now I'm like, what,
Speaker 1: but at least the law even though clearly they're not
Speaker 1: calling it that, but I'm calling it that. So yeah,
Speaker 1: I just want to say it. Honestly, I did, like,
Speaker 1: you know, a little bit of the work upfront. But Angela,
Speaker 1: Angela v. McKnight, she is amazing because I mean, it's
Speaker 1: one thing to sit down and say there should be
Speaker 1: a law, and the law should be this, and that's
Speaker 1: literally my involvement. Angela, the one with though, is the
Speaker 1: one that had to go get support on both sides
Speaker 1: of the aisle and massage it and go to the
Speaker 1: Senate and go to the Assembly House. And so it's
Speaker 1: been two years of her tireless work to get it
Speaker 1: to where it is now. Where I mean the work
Speaker 1: you have to do behind the scenes. If you watch
Speaker 1: House of Cards, you see what it looks like to
Speaker 1: get everybody like on board thirty three to zero that
Speaker 1: everybody said yes, we want this bill to be a law.
Speaker 1: So my win truly is for Angela and her tireless
Speaker 1: work that even before she was an assembly woman, she
Speaker 1: had started a nonprofit called Angela Cares, where it was
Speaker 1: to provide support for senior citizens where she lives in
Speaker 1: Jersey City. She's an amazing woman, a mother, a grandmother
Speaker 1: and just you ever meet those just kind hearted souls.
Speaker 1: And she ran for office because she was doing such
Speaker 1: great work in the community just because that people are like,
Speaker 1: I want you to be in office, and she was
Speaker 1: like yeah, and they like pushed her and then I
Speaker 1: forget what her first election was that she won, and
Speaker 1: now she's assembly woman and I'm just hoping that she
Speaker 1: goes further and further because she's one of the one
Speaker 1: that really does it because she wants to see people
Speaker 1: do and be better and she's got and just the
Speaker 1: fact that like she's a brand new assembly woman and
Speaker 1: for her to have a potential law under her belt,
Speaker 1: like it speaks volumes to her her character and her
Speaker 1: ability to get stuff done. And she's brown ambition. So
Speaker 1: there's not win for the budgetist the law aka law
Speaker 1: A What did I say, girl? See No one remembers
Speaker 1: saying A three three sixty nine.
Speaker 2: I was I was trying to play double Dutch and
Speaker 2: I was not getting in there.
Speaker 1: Go ahead, go ahead, Okay, I'm open, rope ahead, it's sick.
Speaker 2: I just wanted to say it's nice to hear at
Speaker 2: the local level people making a difference, because I think
Speaker 2: it can feel like it can feel like, oh, we
Speaker 2: have a president idiot in the office, blah blah blah,
Speaker 2: what can I do? But it's people like Angela really
Speaker 2: like at the grassroots level just running for your local office,
Speaker 2: you know, like that's something that like anybody can do
Speaker 2: just to make a little bit of an impact. And
Speaker 2: I'm a huge hypocrite because its not like I've done that,
Speaker 2: but that's awesome, awesome, Yeah, go ahead.
Speaker 1: And Plus what I love is that Angela has bigger plans.
Speaker 1: Her thing is that if New Jersey can pass this
Speaker 1: and then we can successfully run it, then that's something
Speaker 1: that we can kind of like roll over to other
Speaker 1: states to say, hey, we have a model that works Pennsylvania,
Speaker 1: New York, and you know, so hopefully this is just
Speaker 1: the first of many states to adopt this this law,
Speaker 1: and we can make it a federal law, which would
Speaker 1: be amazing.
Speaker 2: Dope. That was a nice way to end the show,
Speaker 2: I know, right, and it was financial look on message.
Speaker 2: Well happy new Year.
Speaker 1: Yes, Happy New Year to YouTube.
Speaker 2: Um, yeah, you guys how many. If you guys want
Speaker 2: to give us a belated holiday gift, you could go
Speaker 2: to iTunes and leave us a review. That would be
Speaker 2: a spectacular. We happen to get a lot of nice
Speaker 2: little messages over the holidays, but you guys could really
Speaker 2: make a good impact if you left us reviews on
Speaker 2: iTunes because iTunes shows people our show based on the
Speaker 2: number of reviews we get and of course downloads. So
Speaker 2: thank you so much for your support. Share the love,
Speaker 2: tell a friend and hit us up at brand Ambition
Speaker 2: podcast dot com. Come send us questions. We're on Facebook,
Speaker 2: Brown Ambition and on Twitter at the BA podcast.
Speaker 1: Yes. So this was awesome. It was a nice kind
Speaker 1: of like welcome back, welcome back. Well, I'm gonna take
Speaker 1: us hot with a song, so you can fade this
Speaker 1: go Mandy, you know, like in post protection, welcome back,
Speaker 1: welcome back, welcome back, Come on, Mandy, welcome back, welcome back.
Speaker 2: Was saying welcome at the end. I had too many questions.
Speaker 1: I'm like whatever, I feel like, come on. And then
Speaker 1: on top of that, well, you know, I saw a
Speaker 1: lot of people who were mad at the parents. But
Speaker 1: one thing one of my friends who actually in the
Speaker 1: industry and her daughter models, and she was like, typically
Speaker 1: you signed a contract that say he says that that
Speaker 1: you know, whatever pictures come out, that's what they're gonna be.
Speaker 1: And two, they don't like parents to be a distraction
Speaker 1: on the set, So you don't get to see what
Speaker 1: your child is wearing. You just know it's H and V.
Speaker 1: It's not like he's gonna be naked, you know, so
Speaker 1: he's gonna wear a hoodie or whatever. But you don't
Speaker 1: get to actually see the pictures. And then the pictures
Speaker 1: typically parents see them when when when the world sees them?
Speaker 1: And so that because a lot of people were saying,
Speaker 1: what why did his parents allow us? And they might
Speaker 1: not have known until we kind of knew. But let's
Speaker 1: place the blame where the blame lies. I don't despite
Speaker 1: it being even if it was taken in Sweden, where
Speaker 1: maybe that's not considered racist, but you put the ad
Speaker 1: here in the United States, where you know better. I mean,
Speaker 1: come on now, but I did hear. The good news
Speaker 1: is that Diddy offered him a million dollar modeling contract
Speaker 1: for his I don't know if I didn't know if
Speaker 1: he still had a clothing line, but apparently offer him
Speaker 1: a million dollar modern modeling contract, which is dope?
Speaker 2: Is Sean John still a sen?
Speaker 1: I know that? I was like, is that I'm not
Speaker 1: so either way, I'm like, go ahead, Diddy, go ahead.
Speaker 2: I like, I don't just run out of things to
Speaker 2: say about things like that. Just yeah, I just like,
Speaker 2: I don't know, someone just needs to be fired, Swoop
Speaker 2: him up, put him in the trash, move on.
Speaker 1: I don't know what somebody it feels like. I just
Speaker 1: so you just don't have anybody of color like on
Speaker 1: your team will Sweden? You said, well yeah, but still,
Speaker 1: I mean like, okay, so if pictures are shot in Sweden,
Speaker 1: do they not like trickle down to So if if
Speaker 1: marketing stuff is not gonna if it's something that you
Speaker 1: created for the overall company is going to be shared
Speaker 1: in different markets, is there not like some sort of
Speaker 1: like oversight committee, because you know, what might go in
Speaker 1: in in the Hispanic market might not go well over
Speaker 1: in Uh, you know, I don't in an African market,
Speaker 1: you know what I mean? So, like I would assume
Speaker 1: with a I'm sure h and M is a billion dollar,
Speaker 1: if not multi multi multimillion dollar company, that there's some
Speaker 1: sort of oversight committee because you just knowing that all
Speaker 1: things don't fly everywhere, you know, and just looking like, huh,
Speaker 1: calling this little brown boy a monkey via his sweatshirt
Speaker 1: might not be a good idea, but it's just yeah, it's.
Speaker 2: Like you thought that the dove ad was bad. That
Speaker 2: was a brown shirt exactly, and yeah this was H
Speaker 2: and M's like my.
Speaker 1: Yeah, wow, sorry to bring it down, but you know,
Speaker 1: I just had to make sure we got that out
Speaker 1: because I was just like, put in the heck.
Speaker 2: Well, I'm actually going to bring you down and uh,
Speaker 2: possibly upset you because I'm really sorry. Now. Yeah, so
Speaker 2: we weren't recording for the first ten minutes.
Speaker 1: Oh no, that's not so bad.
Speaker 2: Okay, No, no, I'm not over Okay, I'm sorry. I
Speaker 2: didn't realize that I had. I guess when I put
Speaker 2: my new headphone and it stopped recording.
Speaker 1: Okay, my bad.
Speaker 2: But I wrote down a list of things that we
Speaker 2: talked about Oprah, golden globes, fire and fury, and then
Speaker 2: we went right into the I picked up right when
Speaker 2: you started talking about the H and M thing, okay,
Speaker 2: so we need to do the whole intro again.
Speaker 1: I'm sorry, it's okay. You ready yeah,