Speaker 1: It's time for the b a qa a to b
Speaker 1: a q a. What you say to be a qa
Speaker 1: ain't no man day, but the b a q a
Speaker 1: is tipping. M Okay, the b a q aa me
Speaker 1: and my high pony wearing my five dollar shirt that
Speaker 1: says black and beautiful because what I'm belth get you
Speaker 1: somebody who could do beth. So I'm going to do
Speaker 1: this b a qa by myself and my lonely. We
Speaker 1: have a money question and then I also have a
Speaker 1: business question. I'm just trying to make sure my hyghe pone.
Speaker 1: I just feel like the pony's not giving what I
Speaker 1: want to give. Anyway, We're gonna focus. Okay. I have
Speaker 1: therapy today, so I'm feeling very zen. Okay, do you
Speaker 1: guys go to therapy. I feel like if you're black,
Speaker 1: you need to. I feel like everyone needs therapy, but
Speaker 1: especially black and brown people. My therapist is awesome, Doctor Green,
Speaker 1: She's awesome. I recommend therapy because it will help if
Speaker 1: you are one place. Therapy is like mentorship, right or
Speaker 1: like you know, being like a having a teacher, because
Speaker 1: it will help you get to from the place you
Speaker 1: are to the place you want to be. In a
Speaker 1: more concise way because oftentimes I've done a lot of
Speaker 1: self work. Like many of you listening, I'm sure you've
Speaker 1: done a lot of self work, but I cannot tell
Speaker 1: you how much faster I've been able to get to
Speaker 1: some of my internal mental emotional goals as a result
Speaker 1: of therapy that maybe it would have taken me years
Speaker 1: to kind of figure out on my own, because you know,
Speaker 1: you're trying and failing, trying and failing, and so a
Speaker 1: really good therapist helps to give you shortcuts to the
Speaker 1: place that you want to be internally, and it's top tier, Okay,
Speaker 1: top tier. I could not have made it through grief
Speaker 1: without therapy, and there's just other things I've worked on.
Speaker 1: I mean, I'm just a I don't even recognize the
Speaker 1: person that I am. I mean outside of the grief.
Speaker 1: I was doing therapy before that. And so I just
Speaker 1: recommend this. You know, this not be a key, but
Speaker 1: it is really because it's like it's a question some
Speaker 1: of you guys ask me sometimes, and I just highly,
Speaker 1: highly highly recommend it. You might have to go through
Speaker 1: a few therapists before you find the right one. You
Speaker 1: want to feel super comfortable, you want to not feel
Speaker 1: I'm judged or afraid. You get to decide. Like for
Speaker 1: some people, let's just say you didn't have a mother figure,
Speaker 1: so you might want a therapist that kind of fulfills
Speaker 1: that energy for you. You know, for me, I kind
Speaker 1: of wanted a therapist. I specifically wanted a black woman
Speaker 1: who was around my age because I needed like a
Speaker 1: homegirl esque feel when talking to my therapist. You know,
Speaker 1: that's the energy that I needed for where I am
Speaker 1: in my life. Now. I know a friend of mine,
Speaker 1: his dad is not super present, and he needed He
Speaker 1: loves the fact that his therapist is an older black man.
Speaker 1: My friend is a young black man, and you know,
Speaker 1: he said, because it kind of is like I get
Speaker 1: to lean into that component that I've been missing. So anyway,
Speaker 1: I just say all that to say, get you some
Speaker 1: therapy groom, right Doctor Joy, who we've had on the
Speaker 1: show before. Oh you guys have heard of her on
Speaker 1: the show before. She has a book called out called
Speaker 1: Supporting Your Sisters. I believe, hey, doctor Joy, but doctor
Speaker 1: Joy also is the founder of Blackgirltherapy dot com. And
Speaker 1: I don't believe you have to be just a woman,
Speaker 1: but I mean, and it's full of therapists who were
Speaker 1: both men and women. So it's just a great place
Speaker 1: to start if you're looking, all right, if you're looking
Speaker 1: for love, I see what eve seen. All right, we're
Speaker 1: gonna start with a money question. Then we're gonna do
Speaker 1: a business question. Okay, okay, all right. So this question
Speaker 1: came in from the emails, Hi ladies. It was just me, Hey, ladies,
Speaker 1: why is it you can't go? I'll be cutting up
Speaker 1: my man, he's not here. I started listening to your
Speaker 1: podcast late last year and I find it very informative. Thanks. Girl.
Speaker 1: I turned fifty years old last December twenty twenty. I'm
Speaker 1: a single mom of a seven year old daughter. Yep.
Speaker 1: I'm a late bloomer and a sole financial provider. Okay,
Speaker 1: so you had your baby when you were forty three,
Speaker 1: which you know. Oh girl, that's cute, because I'm forty three. Okay.
Speaker 1: I'm looking for ideas and best options to optimize, slash
Speaker 1: invest the excess income from my regular job to generate
Speaker 1: passive income that can help boost my retirement income. Okay.
Speaker 1: So she has job, she has excess income left over
Speaker 1: after paying bills and everything else, and she wants it
Speaker 1: to She wants her money to make money, so that
Speaker 1: way she can be ready for retirement. Got you. I'm
Speaker 1: thinking to retire at about twenty I mean at about
Speaker 1: sixty two slash sixty three years old, okay, when my
Speaker 1: daughter finishes high school. That's cute, love that. But I
Speaker 1: would work a part time for benefits until social Security
Speaker 1: if there is any to get and Medicare kicks in.
Speaker 1: I don't know what Barista fire, but I know what
Speaker 1: fire stands or fire stands for financial independence retire early,
Speaker 1: but I don't know what Barista fire is, if I'm
Speaker 1: being honest. That's what she wrote here. So she wants
Speaker 1: to retire early because typically retirement age starts about sixty five.
Speaker 1: She wants to retire early, but she might work a
Speaker 1: little part time, you know, in the meantime untwil you know,
Speaker 1: so she can have her benefits. I'm assuming wherever you work,
Speaker 1: you won't be able to take your benefits with you. Okay,
Speaker 1: she says, I own my own house outright, yes, girl,
Speaker 1: So I only pay taxes, insurance, and HOA utilities monthly. Okay.
Speaker 1: I have no debt, yes, queen, I stand you. My
Speaker 1: retirement account is decent and I contribute about sixteen percent
Speaker 1: of my salary, but not at the catchup max contribution limit. Okay,
Speaker 1: So just so you know, I believe if you oh
Speaker 1: my goodness, let's see. Let me remind myself, when can
Speaker 1: you start doing retirement catch up? Because you know my memory,
Speaker 1: there is catch up age you can start, okay, so
Speaker 1: catch up contributions. You can start doing ketchup contributions when
Speaker 1: you're fifty. That just me. And there is typically a
Speaker 1: max that you can contribute to a retirement account like
Speaker 1: an individual retirement account or a Wroth individual retirement account.
Speaker 1: So these are just retirement accounts that you have, right,
Speaker 1: So there are limits. So let's just say the limit
Speaker 1: is normally six thousand dollars for the catchup contribution. It
Speaker 1: might be actually, let's not even guess. Let's look at
Speaker 1: what it currently is right right about knee, how about now,
Speaker 1: because I'm up right now? Okay. So so for example,
Speaker 1: for an IRA contribution for those fifty and older, it's
Speaker 1: seventy five hundred dollars, which is an additional thousand dollars.
Speaker 1: Because for everybody else like me, I'm forty three, I
Speaker 1: can max out in my IRA, my individual retirement account.
Speaker 1: I can max out at sixty five hundred dollars a year,
Speaker 1: but if you're fifty and above, you can put seventy
Speaker 1: five hundred. They do that because they know some people
Speaker 1: have not might be behind and setting aside for retirement,
Speaker 1: and so they're letting you add additional thousand dollars a year.
Speaker 1: So that's what she's saying. She's not maxing out at
Speaker 1: her she's not doing the full catchup contribution. She's not
Speaker 1: doing the seventy five hundred just yet, but she is
Speaker 1: maxing out on her HSA that's a health savings account,
Speaker 1: and she started a WROTH in twenty twenty one, but
Speaker 1: she's leary. A WROTH is another retirement account, type of
Speaker 1: retirement account, but she's leary of losing money in stocks
Speaker 1: outside of her four one K, so she's only putting
Speaker 1: about half the annual max. She also has a five
Speaker 1: to twenty nine plan that's a college fund that you
Speaker 1: can set aside, and there are tax benefits to that
Speaker 1: for her daughter. And her emergency fund is six months.
Speaker 1: Is that six months? In about eight to nine months?
Speaker 1: If she goes on a noodle budget, girl, you are
Speaker 1: just so you have an emergency fund of six months,
Speaker 1: but if you noodle budget, it's really like eight to
Speaker 1: nine months. I mean, are you my bestie? I feel
Speaker 1: I could be doing more, but I'm not sure what
Speaker 1: I'm about to strangle you because you're doing all the
Speaker 1: things well. I do have some suggestions. Is this the
Speaker 1: time that I should probably sit with a financial plan
Speaker 1: or a financial advisor? And which would you recommend? And why?
Speaker 1: Thanks for your time, thankful South Florida listener. So, as
Speaker 1: a recap, we had this amazing fifty year old woman
Speaker 1: who has daughter who's seven. She wants to retire about
Speaker 1: the time that her daughter hits high school, which is
Speaker 1: in about twelve years. But this woman does not have
Speaker 1: any debt. She does own her own house, so she
Speaker 1: has to pay the carrying cost, insurance taxes, and things
Speaker 1: like that. She is contributing to her retirement fund through
Speaker 1: her four oh one K as well as a roth ira,
Speaker 1: which is a retirement account that you can do outside
Speaker 1: of your job. She's not maxing out either one of those.
Speaker 1: She has a five twenty nine plan for her daughter
Speaker 1: which is a college tax beneficial college savings plan, and
Speaker 1: she has emergency funds of six months and eight to
Speaker 1: nine months if she had to get down to get
Speaker 1: her noodle lawn. So, first things first, I pop up anyway.
Speaker 1: First things first, what I would say, Florida, South Florida
Speaker 1: listener is you're doing amazing, amazing, amazing. I just want
Speaker 1: you for a moment to look into the mirror and say,
Speaker 1: I am freaking doing amazing. You are at your debt free,
Speaker 1: you own your home, you're contributing to retirement accounts, you're
Speaker 1: contributing to a college from, you have emergency saving. You
Speaker 1: know what a noodle budget. Girl, I need you to
Speaker 1: pause for the cause. Breathe in, breathe out. I'm awesome.
Speaker 1: I'm awesome. I need you to say that because this
Speaker 1: is amazing. This is goals. Now. I do see some
Speaker 1: places where before you start thinking about some other place,
Speaker 1: because she's saying she's basically wants to know they're like
Speaker 1: there other ways that she can kind of like make
Speaker 1: her money work for her. And this is what I say.
Speaker 1: One you did say you're contributing sixteen percent of your
Speaker 1: salary to your retirement account, but you're not quite up
Speaker 1: to the catch up contribution amount. I say, you know,
Speaker 1: if you have extra money, consider putting more in your
Speaker 1: four one K if you're allowed to, because you know
Speaker 1: you haven't quite put the seven you know, seventy five hundred.
Speaker 1: That's a place where you can put extra money if
Speaker 1: you have extra money. Another thing that you mentioned is
Speaker 1: that you started a wrath and I know you're a
Speaker 1: leery of losing money in stocks, but you have over
Speaker 1: ten years before you are set to retire or you
Speaker 1: desire to retire, and so typically within ten years, ten
Speaker 1: to thirteen years is a whole how we see thoughts
Speaker 1: go down and up and down up, so you have
Speaker 1: time to rebound. So you might want to consider maxing
Speaker 1: out your raw ira as well. So like maxing out
Speaker 1: your four one K and maxing out your raw ira,
Speaker 1: you know, those are two places that you can put
Speaker 1: extra money. Because the thing is this the benefit of
Speaker 1: a four one K. They both give you tax benefits,
Speaker 1: but two different sides of the tax game. Follow with me.
Speaker 1: The benefit of a four to one K is that currently,
Speaker 1: right now, it will lower your tax burden. So let's
Speaker 1: just pretend that South Florida listener makes one hundred thousand
Speaker 1: dollars year, right and of the one hundred thousand she puts,
Speaker 1: I don't know I'm just making up the number five
Speaker 1: thousand into her her four one k. The government says, well,
Speaker 1: you didn't make a hundred thousand. You made one hundred
Speaker 1: thousand minus the five that you put up for retirement.
Speaker 1: So we're gonna charge you taxes not on one hundred
Speaker 1: but on the ninety five. So you get your tax
Speaker 1: benefits up front with a four to one k. Yay,
Speaker 1: and lower our taxes. We like that. That's cute, right.
Speaker 1: And then when you go to retire and you start
Speaker 1: to pull money out, you pay taxes on the back end,
Speaker 1: so you save on tax on the front end, and
Speaker 1: then you pay taxes on the back end. That's the
Speaker 1: benefit of a four to one k front end savings leaning. Now,
Speaker 1: the benefits of a rawrray is that a raw irray
Speaker 1: is different in that it is money that you put
Speaker 1: into a retirement account after you pay your taxes. So
Speaker 1: you get your one hundred thousand dollars, you get you
Speaker 1: paid one hundred thousand dollars a year, but not really
Speaker 1: when it's all said and done, maybe you get seventy
Speaker 1: right after taxes and everything else. Right, So from that month,
Speaker 1: money you set aside and you put it in your
Speaker 1: wrath IRA. Maybe you put you know, I don't know,
Speaker 1: three thousand dollars into your raw IRA, so the money
Speaker 1: has been taxed. They done got their money, because this
Speaker 1: is money that you're putting into this retirement account after
Speaker 1: from your take home paycheck. So but when you go
Speaker 1: to pull that three thousand dollars out that you've been
Speaker 1: putting every single year, when you go to pull it out,
Speaker 1: that money most likely has grown, so you don't have
Speaker 1: to pay taxes on the money you already pay taxes on,
Speaker 1: and you don't have to pay taxes on the growth.
Speaker 1: So it's like am So what you will hear many
Speaker 1: financial advisors say is that, like, you want to have
Speaker 1: a retirement strategy that allows you one to take advantage
Speaker 1: of paying lower taxes now through your four one K
Speaker 1: and then paying lower taxes later through your raw IRA,
Speaker 1: And you're doing both, but you haven't maximized both. So
Speaker 1: that might be something that you want to look into
Speaker 1: maximizing both if you have extra, okay, and so like
Speaker 1: other than that, honestly, it sounds like you're doing a
Speaker 1: amazing you know, like it does. I don't know if
Speaker 1: there are so there is a point where I was
Speaker 1: here South Florida listener where I was doing all the things.
Speaker 1: I was maxed out on all things, and I kind
Speaker 1: of had gotten myself to as good as I knew
Speaker 1: how to get myself. I didn't have any dead you know,
Speaker 1: I owned a home, all the things, just like you.
Speaker 1: And that is when I reached out to a financial
Speaker 1: advisor and I said, I've done this. I've taken myself
Speaker 1: as far as I can take myself, and I know
Speaker 1: I'm solid, But can I do even better? And that's
Speaker 1: what I sat with my financial advisor, Anjulie, and she
Speaker 1: kind of walked me through other things, like, for example,
Speaker 1: you have a seven year old what is your life
Speaker 1: insurance looking like? You know, do you have a policy
Speaker 1: that will be able to look after her? God forbid,
Speaker 1: something should happen to you, you know, like have you
Speaker 1: done estate planning so you won't be here forever? Just
Speaker 1: because that's the nature of being a human being, right,
Speaker 1: So how do you want Like so, for example, I
Speaker 1: have a trust, and my trust dictates how my nieces
Speaker 1: and nephew and my stepdaughter will receive the funds that
Speaker 1: I've left behind for them over a period of like
Speaker 1: between now and Today's thirty. You know, like do you
Speaker 1: want that for your daughter? So a financial advisor, you know,
Speaker 1: or well, really you want to Certified Financial Planner c FP,
Speaker 1: South Florida Listener. That is the gold standard of financial advisors.
Speaker 1: Almost anyone can be a financial advisor, but a CFP,
Speaker 1: a certified financial planner, they have to take tests, they
Speaker 1: have to you know, they got to they have to
Speaker 1: like keep their license up. They also have to be
Speaker 1: a fiduciary, which means by law, they got to put
Speaker 1: you first. They got to put me first. Solutions, I
Speaker 1: gotta put me first. Okay, So there's not like a
Speaker 1: I can't say, oh, I'm gonna recommend Like obviously I
Speaker 1: love Angelie, but I don't even know if she's taking
Speaker 1: on clients right now. But so it's not like, oh,
Speaker 1: I'm going to recommend this particular financial planner. You're gonna
Speaker 1: have to interview some You're actually gonna go to Get
Speaker 1: Good with Money dot Com because I have a tool
Speaker 1: that you're gonna use, you South Florida Listener or anybody
Speaker 1: else's listening, not Hustle Magazine. What is going on? Get oh,
Speaker 1: I say, get good Money? Oh child, You know, if
Speaker 1: you type in get Good Money dot Com. It takes
Speaker 1: you a hustle magazine. Ell get Good Money Hustle Mama magazine.
Speaker 1: That's hilarious. Anyway, you're going to get good with Money
Speaker 1: dot com. And there's a little green button at the
Speaker 1: top that says get the GGWM Get Good Money toolkits.
Speaker 1: You're gonna click on that, not the book club kit,
Speaker 1: although you can get that if you want it, but
Speaker 1: you here for the toolkit. Okay? Do you gonna put
Speaker 1: your name and email in? The toolkit? Is gonna pop
Speaker 1: up automatically on whatever on Kai. And then what you're
Speaker 1: gonna do is you're gonna scroll down to chapter down
Speaker 1: down down down dun d d d D. You're gonna
Speaker 1: scrow down the chapter. I believe it's chapter nine. Yes, no, no,
Speaker 1: it's gonna it's gonna be me. What did I do? Check? Okay? No,
Speaker 1: you're gonna financial professional Okay. You're going to scroll down
Speaker 1: to chapter ten, a ninety percent hole pick your money team, okay,
Speaker 1: and you're going to click the first link, which is
Speaker 1: my sole called Financial Life Template. It's just a free
Speaker 1: template that I created that I could share with potential
Speaker 1: certified financial planners before interviewing them. That's literally what it says.
Speaker 1: It says my sole called financial life template. Use this
Speaker 1: template to create your own and share it with potential
Speaker 1: certified financial planners before interviewing them. Click, you're gonna click,
Speaker 1: and it's going to open to a Google doc for you.
Speaker 1: And here is what you're gonna fill out before you
Speaker 1: even start interviewing financial planners. Okay, and so this is
Speaker 1: just gonna be really helpful because it's really helpful to
Speaker 1: find a planner. When you share this with a planner,
Speaker 1: you can share before even get involved with them, because
Speaker 1: they'll be able to say, oh, actually I don't some
Speaker 1: planner as specialize in helping divorce women or families or
Speaker 1: millennials or whatever. So I love this template because I
Speaker 1: used it. I must have sent it out to thirty
Speaker 1: financial advisors and I only interviewed twelve of them because
Speaker 1: the other ones were like, oh, no, you're actually not
Speaker 1: a fit. So instead of me getting on the phone,
Speaker 1: I just sent them this said, hey, my friend suggested
Speaker 1: you here's my financial life in a nutshell. Do you
Speaker 1: think that I'm a fit? And they got to vet themselves,
Speaker 1: So one you're gonna do that first okay, and then
Speaker 1: fool okay after you do the end. You will see
Speaker 1: also under chapter ten of this toolkit, the third bullet
Speaker 1: says financial advisor search sites. And there's some search sites.
Speaker 1: There's three of them that have on here right, and
Speaker 1: so you can click on any one of them and
Speaker 1: start to search for a financial advisor in your area. Remember,
Speaker 1: you're looking for a certified financial planner, and you want
Speaker 1: fee only. You don't want to pay someone based upon
Speaker 1: the percentage of money they have invested, because that gets
Speaker 1: to be very, very very expensive. Want to be able
Speaker 1: to pay out a pocket. Some places you can just
Speaker 1: pay for the conversation for the you know, sometimes you
Speaker 1: can pay for annually for the year. So if it
Speaker 1: was me South Florida listener, I don't know that I
Speaker 1: would sign up for somebody to work with them for
Speaker 1: the whole year. You might not need to do all that.
Speaker 1: You might just need to sit with someone, pay for
Speaker 1: two hours or three hours of their time and say
Speaker 1: here is my my you know, my soul called financial life,
Speaker 1: which is basically what you just did in this email,
Speaker 1: and here's where i'd like to be. What are some
Speaker 1: suggestions that what I should do? You know, and they
Speaker 1: can just make those suggestions. You could do them to yourself.
Speaker 1: And if you find that there are heavier lift than
Speaker 1: you think, then you maybe you can hire them to
Speaker 1: help you do that. Does that make sense? Okay? And right,
Speaker 1: we're gonna wrap up and do your homework again. Okay,
Speaker 1: you're gonna go again to get good with money dot com.
Speaker 1: That is, I wrote a New York Times best selling book. YadA, YadA, YadA.
Speaker 1: But there's a free toolkit there that you're going to
Speaker 1: get instant access to. You can scroll to chapter ten.
Speaker 1: First bullet, download that life template. Anybody could do this.
Speaker 1: This is like for everyone listening, right, fill that out.
Speaker 1: Third bullet. Start using these sites to find a financial advisor.
Speaker 1: And when you see when you're interested in and you
Speaker 1: can ask family and friends before you get on the phone,
Speaker 1: so you don't waste their time in yours. You're gonna
Speaker 1: send them your my so called financial life temple that
Speaker 1: you fill down and let them, you know, let them
Speaker 1: decide whether you're a fit or not, and then start
Speaker 1: to interview them. Okay, again, certify financial planners only, fee
Speaker 1: only kind. There's also a ton of resources here that
Speaker 1: are all free. Well, yeah, for the most part. Yeah,
Speaker 1: I mean some of these are like book suggestions, so
Speaker 1: maybe those are not free, but you know what I mean,
Speaker 1: Like my stuff Inta is free. Okay, Okay, wasn't that
Speaker 1: good or whatever? It was? All right, We're gonna take
Speaker 1: a break, a pause for the calls, a post for
Speaker 1: the calls, and ate a pose for the calls. We're
Speaker 1: gonna take a cause for the cause. That was a
Speaker 1: great letter. Honestly, I love when you know we have
Speaker 1: it all together, you know, and I love the fact
Speaker 1: that you're reaching and wanted to do better and more.
Speaker 1: But I I just hope you patch yourself on the back.
Speaker 1: You're doing incredible in Clintee Black. Hey, all right, we'll
Speaker 1: be back in a moment. And I'm back and I'm
Speaker 1: black and I'm brown ambition. Shit, I'm back and I'm
Speaker 1: black and I'm brown ambition. I'm black and I'm black
Speaker 1: and I'm brown ambition. Don't you wish we could be friends? Hey? Okay,
Speaker 1: so we are back for question new it all dose? Sidebar?
Speaker 1: What do you guys do? Like? I? You know, round
Speaker 1: these parks. I don't celebrate the fourth because when the
Speaker 1: fourth of July was conceived, my people who are still
Speaker 1: in slang fery. Okay, but I do enjoy that day
Speaker 1: off to do whatever the hell I want to do.
Speaker 1: And we went to the shore. I rented a shorehouse
Speaker 1: and have my family and friends come on through, which
Speaker 1: was pretty awesome. This is my third year in the
Speaker 1: road doing it. You know what I really love about kids.
Speaker 1: They will have doing things that you won't do for yourself,
Speaker 1: but you absolutely will do for them. Right. So I
Speaker 1: started to do the short house because Mimimi and my
Speaker 1: row Row, my sister's two kids that live closest to me,
Speaker 1: and I gotta shout out Lily, that's my other niece.
Speaker 1: She's not booboo too, she just lives in Chicago, so
Speaker 1: I don't see her as regularly. But my Mimi and
Speaker 1: my row Row, well, like Auntie, I've never been to
Speaker 1: a beach, but I saw it on YouTube Can we go?
Speaker 1: And I was like, not only could we go, I'm
Speaker 1: gonna run a house. And I did like two years
Speaker 1: ago or three years ago or whenever before COVID, and
Speaker 1: then they enjoyed it so much. They were like, ooh, well,
Speaker 1: we're gonna go back to your beach house. I was like,
Speaker 1: it's not my house. They're like girls semantics whenever you're
Speaker 1: going back. And so last year we went again, and
Speaker 1: then this year we went again, and it was so
Speaker 1: much fun and it was like such a blessing, honestly,
Speaker 1: to be surrounded. That's one of the things I learned
Speaker 1: in therapy. Like my my doctor Green always reminds me.
Speaker 1: She said, Tiffany, you are extremely bused. I am. I
Speaker 1: am inundated with love. I mean between y'all, because y'all
Speaker 1: will be low on me hard. Okay. I can't even
Speaker 1: step out these streets without a black woman coming up
Speaker 1: to me and pouring good thoughts and love and kindness
Speaker 1: into me, you know. And then I have amazing family,
Speaker 1: and even you know, I want even more amazing but
Speaker 1: amazing friends, you know, and then like I have y'all.
Speaker 1: And so when I was at the beach House June
Speaker 1: twenty eighth, is my was my sixth wedding anniversary, it
Speaker 1: would have been well, I guess you can still say,
Speaker 1: I don't know child. So this is my second one
Speaker 1: without Darrell. And so the first year I didn't want
Speaker 1: to be with anybody like I had rented like a
Speaker 1: house in upstate New York. So I can scream and
Speaker 1: cry by myself, which I did, and this time I
Speaker 1: wanted to be surrounded by love and I was even
Speaker 1: even my bonus baby she was there, which is so
Speaker 1: nice because you know, she's sixteen, so child. She act
Speaker 1: like she didn't want to do nothing, but last minute
Speaker 1: she's like, I think I'm gonna gal. I was like,
Speaker 1: for reals, she came and she had a really good
Speaker 1: time too, So it was nice to be surrounded. But
Speaker 1: I live, so yeah, I just was just sharing like
Speaker 1: what my you know what my fourth of July or whatever,
Speaker 1: fifteen days after the Juneteenth as we call around these
Speaker 1: parts look like. But I hope you know you are
Speaker 1: also surrounded by love, you know, because the crazy thing
Speaker 1: about loss of loss of life is life still goes on.
Speaker 1: It's like the weirdest thing, you know, because you're like, wait,
Speaker 1: how come everything has not paused? How come the world
Speaker 1: has not paused? The world doesn't pause, so life can
Speaker 1: be lost and life still goes on at the same time,
Speaker 1: and it is the trippiest, hardest, most just craziest like
Speaker 1: ride to go on. Some days I'm okay, some days
Speaker 1: I'm not okay. But I know one of the things
Speaker 1: I talk about the grief so much with y'all is
Speaker 1: because so many of you come up to me and
Speaker 1: tell me how you lost, like your own partner or
Speaker 1: your child, or your mom or your dad or your
Speaker 1: aunt or whoever you love so deeply and dearly, and
Speaker 1: you say you just appreciate hearing the ups and the downs,
Speaker 1: and you know, like the truth of what grief looks
Speaker 1: like here to like not make it this hidden dark secret.
Speaker 1: Like no, you know, if you are fortunate enough not
Speaker 1: to have have gone through an extreme loss, then you
Speaker 1: know you're really fortunate because it shifts you at the
Speaker 1: most cellular level. You are no longer the same, you know,
Speaker 1: and all you can hope is that somehow you can
Speaker 1: see yourself through, although you carry that thing with you forever,
Speaker 1: you know, Like, I don't care how many years have passed.
Speaker 1: I don't care how many years have passed. Whenever I
Speaker 1: I was talking to someone the other day, we were
Speaker 1: talking about business, and he kind of casually mentioned like, oh, yeah,
Speaker 1: nine years ago, you know, that's when my son was
Speaker 1: tragically murdered. And I was like what what? I was like,
Speaker 1: I'm so sorry, And he was taken by surprise and
Speaker 1: I told him. I was like, you know, I lost
Speaker 1: my husband less than two years ago. He was like yeah,
Speaker 1: And we're both really quiet on the phone for a while,
Speaker 1: and I was like, I know people might tell you
Speaker 1: spend nine year. It hasn't like nine minutes, right, He
Speaker 1: was like yeah, And so you know, I like to
Speaker 1: take a pause to honor the fact that I don't
Speaker 1: care if it's been nineteen years, ninety years, or nine minutes.
Speaker 1: You know, a loss's loss is loss, So you know
Speaker 1: you are allowed to feel that and lean into it
Speaker 1: like a wave. That's what doctor Green teaches me that grief. Once.
Speaker 1: She taught me that that worked so well that sometimes
Speaker 1: in the beginning, girl, you just drowning. Go ahead and drown.
Speaker 1: Just make sure people around you can catch you, because
Speaker 1: what you're gonna do. But over time I learned that
Speaker 1: sometimes the wave that normally would drown me in the
Speaker 1: very beginning, I was bracing as if it was gonna
Speaker 1: drown me. But she's like, if you just waited out,
Speaker 1: you find that the wave actually just hit your ankles
Speaker 1: and then goes back into the ocean and then get
Speaker 1: your knees and go back into you. Like if you
Speaker 1: just waited out that not every wave knocks you out,
Speaker 1: and so once I literally started to visually imagine when
Speaker 1: the wave of emotion and sadness come over me, I
Speaker 1: would visually imagine it like standing at the edge of
Speaker 1: the ocean at the shore or Florida or wherever, and
Speaker 1: then realizing, oh, this is just a temporary this is
Speaker 1: not this is not a tsunami. This is actually not
Speaker 1: gonna knock me out. I just have to wait it out.
Speaker 1: Sometimes it's moments, sometimes it's you know, minutes, sometimes a seconds.
Speaker 1: I can little be brushing my teeth and just start
Speaker 1: hysterically crying and I'm like a cry, go ahead, and
Speaker 1: then the wave will wash over me and then I'll
Speaker 1: go back into the sea. And that has helped tremendously.
Speaker 1: So it's not fighting against it. It's like the wave
Speaker 1: is gonna wave either way. Just be still in the moment.
Speaker 1: So I hope that helps you. So I know that
Speaker 1: seems random, but it's not random, because I was talking
Speaker 1: to one of my mentees today that recently just lost
Speaker 1: his grandmother a couple of days ago, So it just
Speaker 1: had me thinking about grief all over again. And he
Speaker 1: has been in business for a couple of years and
Speaker 1: you know, he's been having a hard time, and he
Speaker 1: was just asking, like, how do you just even start, Tiffany,
Speaker 1: you know, like he's it's been like I think, like
Speaker 1: five years. He's made a little money here there, you know,
Speaker 1: and it's like not from this big budget niece to
Speaker 1: space where like I have an access and knowledge that
Speaker 1: d da, d DA, how do you just start? And
Speaker 1: so me answering the question for him. And it's funny
Speaker 1: because he called me and then I have another mentee
Speaker 1: who has like a business that you probably know if
Speaker 1: I say it, but still he was kind of struggling too.
Speaker 1: He has a business with his wife, and I was like,
Speaker 1: I know his wife for a long time, and we
Speaker 1: were talking on the phone for like an hour, and
Speaker 1: I was just kind of pouring into him, and I thought,
Speaker 1: this is going to be a good question to answer,
Speaker 1: like how how do you how do you start? You know,
Speaker 1: how do you start to walk towards success in business?
Speaker 1: And what both of them, they both have businesses that
Speaker 1: very much are good for the community, you know, like
Speaker 1: it's good for our community, Like these are black centric
Speaker 1: focused businesses that are meant to uplift and uphold and
Speaker 1: enhance and empower our communities. And so they've been doing
Speaker 1: that work for a number of years and they're like,
Speaker 1: but I'm not making sustainable money. And this lesson took
Speaker 1: me a long time to learn. But you've been a
Speaker 1: learner to day. You can't go get you a notebook,
Speaker 1: Go get you a notebook. So here's a lesson I
Speaker 1: had to learn because I too have a community based business,
Speaker 1: that doing a good job with the community side is
Speaker 1: not the same thing as making money. I know. It's like, what, Okay,
Speaker 1: you have to have an impact plan if that's what
Speaker 1: you's so desire, and then a separate income plan. Many
Speaker 1: of us who start businesses to be of service to
Speaker 1: our people, we already have the impact plan. We know
Speaker 1: it's built into our DNA or you out here to help,
Speaker 1: right And then like, and I know, you know. It
Speaker 1: took me four or five years of perfecting my impact
Speaker 1: plan and wondering why I was still broke before I
Speaker 1: realized I don't actually have a plan to make money.
Speaker 1: I just assume if I make the bigger the impact
Speaker 1: money would come. Is say, lie, maybe every once in
Speaker 1: a while you get a little lucky. You almost say
Speaker 1: you hit a lack. But the truth of the matter
Speaker 1: is that's not actually how it works. Like, that's really
Speaker 1: actually not how it works. That like you have to
Speaker 1: have a separate income plan. Here's a crazy thing. You
Speaker 1: can have major impact make no money. You can have
Speaker 1: all this income and not have impact on people in
Speaker 1: a positive way. That's the crazy part. Like you could
Speaker 1: if you could literally just have an income plan and
Speaker 1: have a successful business. But how you want to sleep
Speaker 1: at night? Because I sleep good, So I like to
Speaker 1: have an impact and an income plan. Okay, Now how
Speaker 1: you and yours do in your household, that's up to you.
Speaker 1: But what I'm saying is is that you always have
Speaker 1: to have an income plan. How will I make money
Speaker 1: separate from the impact? How will I make money? And
Speaker 1: so I started once I realized that, I started to
Speaker 1: really look at I'm like, wow, all the things I'm
Speaker 1: doing to create impact, none of these things make me money.
Speaker 1: And if I'm being honest, the budget NISA, which is
Speaker 1: my first business, my first baby, I still struggle with
Speaker 1: that because my first mind is always impact, impact, impact.
Speaker 1: I'll give you an example. I recently did a wealth
Speaker 1: walk in Maryland, and so my wealth walk went really good.
Speaker 1: Like the first Wealth walk I had in Jersey, I
Speaker 1: think like fifty people showed up, which was nice. We
Speaker 1: just walked and talked about money. The second walk I
Speaker 1: had a Mayland, about one hundred people showed up, and
Speaker 1: then this time we went live and four thousand people
Speaker 1: showed up live. It went great. But the Wealth Walk
Speaker 1: is impact and it was such a heavy lift for
Speaker 1: my team, and it cost me money to fly out
Speaker 1: there and to get a hotel to hire the photographer
Speaker 1: and da da da da dah. There was no income
Speaker 1: men and people keep saying, ooh, can you do a
Speaker 1: Wealth walk, kreq, I can't afford to do that, And
Speaker 1: I'm struggling with want to do more Wealth walks because
Speaker 1: they were It was so amazing because one y'all know,
Speaker 1: I've been a walking child right since has been getting
Speaker 1: snatched right. And I know for our community, especially for
Speaker 1: black and brown people, but especially for black women, the
Speaker 1: impact of like of distress and diabetes and high blood
Speaker 1: pressure and hypertension, all these things we carry in our body,
Speaker 1: that walking is a great tool that for the majority
Speaker 1: of us, is not overly taxing. You know, it's a
Speaker 1: community based activity. It's so good for your legs and
Speaker 1: your limbs, and also for most people, not everyone. I
Speaker 1: know that everyone is not able. But the beautiful part
Speaker 1: about the Wealth Walk is that we walk and then
Speaker 1: those who could not walk, we came back anyway to
Speaker 1: a you know, safe, secure place and then we talk
Speaker 1: about money. And the last one I did was with
Speaker 1: the counsel Counselman at large, Will Juando in Maryland, and
Speaker 1: he talked about how to how to lean into legislation
Speaker 1: and your polo titians in a way that will impact
Speaker 1: your wealth. So it was awesome. I mean, Will was
Speaker 1: so knowledgeable from how to get money for your businesses
Speaker 1: to how to purchase a home using the tools available
Speaker 1: to you in your state. It was just so impactful.
Speaker 1: No income, all of that awesome. And I know if
Speaker 1: I do the next one two hundred and the next
Speaker 1: one three hundred and next one front and no income
Speaker 1: and I realize, okay, I have to have an income plan.
Speaker 1: And so some of the things I can do is
Speaker 1: I can sell T shirts like Wealth Walk T shirts.
Speaker 1: I thought about that. Also, I can say, hey brands,
Speaker 1: hey brands, looking like you always do, why don't you
Speaker 1: sponsor or Wealth Walk because you get these people in
Speaker 1: person one hundred, two hundred and three hundred, and then
Speaker 1: on top of that, you get thousands of people watching
Speaker 1: the walk the talk part of the Wealth Walk, and
Speaker 1: so there's like, you know, potential for sponsorship there. So
Speaker 1: I have not done those things yet. But what I'm
Speaker 1: saying is that even me a season entrepreneur, teen years
Speaker 1: in the game, I still struggle with the income impact component. Okay,
Speaker 1: And so I was telling my mentees about So here's
Speaker 1: how I had him start and hopefully these these will
Speaker 1: help for you. You ready, get shippad down. I know you're
Speaker 1: probably driving in the car and to pull over to
Speaker 1: the side of the road, get your pen on. I say,
Speaker 1: here are the steps. One I always visualize whenever I'm
Speaker 1: trying to reach your goal. I always visualize a white board,
Speaker 1: typically a corkboard, and I say, put your numbers on
Speaker 1: the board. So I want you to visualize a whiteboard
Speaker 1: or a corkboard and put a number at the top
Speaker 1: of the board. And so that number can be a
Speaker 1: number of people you want to sign up for your
Speaker 1: email list or whatever. But we're talking about income right now.
Speaker 1: So we're gonna put an income number on the board
Speaker 1: and it has to be folk, it has to be
Speaker 1: based on something to concrete. So for one of my mentees,
Speaker 1: it was based upon he was filing some paperwork for
Speaker 1: his business or whatever, and like he had some lawyer
Speaker 1: feeslah blah blah, and I was like, add up those
Speaker 1: feeds so you can get very clear on the number,
Speaker 1: you know, So for you, you want to get very
Speaker 1: clear on. So I don't want you to just come
Speaker 1: up with some random and oh I would love to
Speaker 1: make ten thousand, I don't care about all that. What
Speaker 1: number do you need to make for a specific reason,
Speaker 1: because it's going to give you purpose to walk toward it.
Speaker 1: So you might say, honestly, I need to make three thousand,
Speaker 1: five hundred because that's how much three months worth of
Speaker 1: rent and the place that I want to rent I
Speaker 1: don't know, and just make it to them. Or maybe you
Speaker 1: need to get materials for whatever. The paintings that you
Speaker 1: sell and the materials you added it all up is
Speaker 1: like two hundred, I don't know. Get that number on
Speaker 1: the board and a timeframe. Numbers are critical, So that's
Speaker 1: going to go on the top of your board. You
Speaker 1: can go on a real board or the board in
Speaker 1: your head. Okay, that goes first on the board. Okay,
Speaker 1: very clear. So it's the number that you need to hit,
Speaker 1: specific number based upon a specific goal and a timeframe.
Speaker 1: Those two numbers go on top. Second on the board.
Speaker 1: Is that's your I must make number. Second number on
Speaker 1: the board is your like to make numbers. So let's
Speaker 1: just say it's twelve hundred dollars is what you need
Speaker 1: to make in order to buy the materials to do
Speaker 1: your paintings. But ideally you would love to make two
Speaker 1: thousand dollars those in the next three months. So maybe
Speaker 1: you said to yourself, you know, I want to like,
Speaker 1: you know, I have three months because I don't know
Speaker 1: essence fast or invest fast or whatever's coming up, and
Speaker 1: I need my paintings to be ready by then, you know,
Speaker 1: or whatever. I'm just making it up, Like that's why
Speaker 1: you have the three month timeframe. You needed to make
Speaker 1: the twelve hundred because you added up how much pain
Speaker 1: and whatever things you need are going to cost you
Speaker 1: in twelve hundred is what you need to make. Second
Speaker 1: number on the board, what I like to make. It
Speaker 1: would be cute if I could make two thousand. Now, okay,
Speaker 1: a little boost up, a little reach. So that's the
Speaker 1: second number on the board. You with me, Okay, third
Speaker 1: thing on the board is I want you if you
Speaker 1: already have been in business, I want you to write
Speaker 1: down a number of ways you've already made money before.
Speaker 1: So I'd say, you know, I did sell one painting before,
Speaker 1: or I did sell a T shirt before, or you
Speaker 1: know what, my sister's best friend did pay me to
Speaker 1: make a cake. I need you to write down all
Speaker 1: the ways you've made money before. And if you haven't
Speaker 1: made any money because you're brand new, I need you
Speaker 1: to write down ways that people have made money in
Speaker 1: the space that you're in before. I'm not talking about big,
Speaker 1: big ways. I'm talking about people who are similar size
Speaker 1: to me. You're like, Yo, my homegirl, you know she
Speaker 1: sold I don't know, acrylic nails, or she's done retightening
Speaker 1: of hair or whatever that is. So either ways you've
Speaker 1: made money before, or ways that you've seen someone who's
Speaker 1: about at your level has made money before. Okay, write
Speaker 1: down as many ways as possible. You're right, you're ready,
Speaker 1: So remember number one, how many time frame and a
Speaker 1: specific amount that you want to make within that timeframe
Speaker 1: based upon specific goals, not just these random things based
Speaker 1: on specific goals. Two same timeframe, but your stretch goal,
Speaker 1: add another five hundred to it, and add a thousand
Speaker 1: to it. Stretch goal. Three ways that you've already made
Speaker 1: money in this space already, or ways that you've seen
Speaker 1: people who are at your level, very beginner level made
Speaker 1: money in this space. Okay, and so we're doing three
Speaker 1: now three A is now here? Are here are the
Speaker 1: ways that? Cause you can't do all the things right.
Speaker 1: So let's just say you write down ten different ways
Speaker 1: that you've made money in this way before, or you've
Speaker 1: seen people who are beginning make money in this way.
Speaker 1: You can't chase all of them. So you're gonna write
Speaker 1: down these four questions you're gonna ask yourself, and it
Speaker 1: has to say yes to these four for you to
Speaker 1: decide if maybe you're gonna do it. One you have
Speaker 1: to ask yourself, like ideally, you know, oh, I think
Speaker 1: it's three questions really but really r Like I said,
Speaker 1: have you made money in this way before? Right? Have
Speaker 1: I made money in this way before? Or have I
Speaker 1: seen someone who is very beginning make money in this way?
Speaker 1: Cause we wanna know is it possible? We're not guessing
Speaker 1: out here. Now, this is not your life business plan
Speaker 1: ten year plans for this is a make money now
Speaker 1: planning the next three months, right or four months or whatever?
Speaker 1: Have I made money like this before? Have I seen
Speaker 1: a beginner make money like this before? Yes? Moving along? Two?
Speaker 1: Can I do this by myself? Because one of my
Speaker 1: friends he was like, oh, if I only had a team,
Speaker 1: I'm like, what that's like saying? If I only had
Speaker 1: a magic wand duh, if we all have humongous teams,
Speaker 1: if we only had a million dollars, if we only
Speaker 1: had no worries, if I only could eat cake, can
Speaker 1: I get fat? I mean, what are we saying? Of course?
Speaker 1: But you don't got none of them things? So step
Speaker 1: two is can I do it without a team? Can
Speaker 1: I do this by myself? Like I said, this is
Speaker 1: not a forever plan. This is just in the moment
Speaker 1: plan so I can get to my first major financial goal.
Speaker 1: You know, can I do this by myself? When I
Speaker 1: first the first six seven years, by Jesus, it was
Speaker 1: me myself and not that's all I got to the end,
Speaker 1: and I don't know that. Okay? Can I do it
Speaker 1: by myself? That's question number two? If you can't do
Speaker 1: it by yourself. Like, if you're fortunate, then maybe you're
Speaker 1: your significant others helping and maybe you got assist helping.
Speaker 1: Great Q for you, but in large part for most
Speaker 1: of us, can I do this by myself? To start?
Speaker 1: Third question, can I is this possible within a time frame?
Speaker 1: Because sometimes what I will find, especially with a new
Speaker 1: entrepreneurs so I'll have these huge ideas, but that's a
Speaker 1: five year plan. Bro were talking about five months from now, Max, Like,
Speaker 1: don't give me no five year plan. You don't have
Speaker 1: no money coming in tomorrow, Like you might not be
Speaker 1: here in five years to see that through. Can I
Speaker 1: do this within my time frame? I would not make
Speaker 1: a time frame more than five months, honestly, I'm looking
Speaker 1: like three months on the average that timeframe, you know, Like,
Speaker 1: can I do this within the timeframe? Is that possible? Yes?
Speaker 1: I can bake a cake and sell a cake within
Speaker 1: three months? Okay, there you go. And then fourth is
Speaker 1: do I not have to come out of pocket? Really?
Speaker 1: Or is it nomenal? Meaning like hmm, like what can
Speaker 1: I do to keep my cost as low as possible
Speaker 1: because I don't have any money? You know, like maybe
Speaker 1: baking a cake You'm like, oh, I do have to
Speaker 1: spend a little bit of money to start. Well, what's
Speaker 1: cheaper than the ca Hey? Are cookies cheaper than cakes?
Speaker 1: I could sell that instead, you know what I mean?
Speaker 1: Or can I do pre orders of these cakes instead
Speaker 1: for people who already eating cakes from me? Can I
Speaker 1: do it without taking much money out of pocket or
Speaker 1: zero money out of pocket? You see how you have
Speaker 1: to be clever. So those are the fourth questions you're
Speaker 1: asking Under number three, Have I done this before? Made money?
Speaker 1: Because you want to? I don't want you guessing, So
Speaker 1: that is your preliminary I ain't never made no real money.
Speaker 1: I'm still super new in business. Or you've been in
Speaker 1: business for a while, but you're not really sure, like
Speaker 1: you know why you're not making no money? That is
Speaker 1: a preliminary income plan. Ain't that good job? I'm not
Speaker 1: gonna lie. I'm smart, you know, but for real, that's
Speaker 1: a preliminary plan. And when I told it to my
Speaker 1: two and I've got about three male menties everybody else's
Speaker 1: like women, and I told it to them, they were like,
Speaker 1: oh my gosh, I could do that. Right away, they
Speaker 1: started texting me like, Yo, here's all the fees that
Speaker 1: I have to pay, and so I know my number
Speaker 1: thirty eight hundred dollars. I know my number twelve hundred dollars. Okay,
Speaker 1: in three months, I really have to have it done
Speaker 1: or this thing expires. Okay, but my stretch numbers, I
Speaker 1: would love to make forty five hundred dollars. Okay, here
Speaker 1: are the three ways that I've made money before. Then
Speaker 1: we started to look at those ways. Once those ways
Speaker 1: answer those four questions, Boom, I've made money like this before.
Speaker 1: I've seen someone do it. Boom, and don't take more
Speaker 1: money out of pocket or very little Boom. I could
Speaker 1: do it within a timeframe. Boom, I could do it
Speaker 1: by myself and answer those questions. Then we started to,
Speaker 1: like I said, let's put some money, more money on
Speaker 1: the board. Once you start to you look at your
Speaker 1: list of number three, you start to eliminate those things though,
Speaker 1: don't say yes to those four questions. And then I
Speaker 1: started to say, okay, you sold merch before we told
Speaker 1: me that the merch made you two hundred and fifty dollars.
Speaker 1: Can you put merch down for five hundred? I think
Speaker 1: if you did two fifty on some old la la
Speaker 1: la la, I think you do five hundred in three
Speaker 1: months if you did two fifty in one month. He
Speaker 1: was like, yes, So now we're starting to cross things
Speaker 1: off the board because you want to make three thousand dollars. Okay,
Speaker 1: you already down like we've already made we can put
Speaker 1: merch down for five hundred dollars. So now you're down
Speaker 1: to twenty five hundred dollars that needs to be made.
Speaker 1: What else I could do speaking? Okay? Because before he
Speaker 1: was like, oh, I don't know how many speaking engagements
Speaker 1: A how I should charge for speaking engagement? But now, bruh,
Speaker 1: I said, look, if it was me, I'm looking at
Speaker 1: the board, I'm looking at the people who want me
Speaker 1: to speak. You let them know I would love to
Speaker 1: make fifteen hundred, but in your mind you might take
Speaker 1: six or seven hundred, okay, And so you might even
Speaker 1: push to say, you know, do you have a budget
Speaker 1: of two thousand? If they push back to fifteen or
Speaker 1: at least one thousand a thousand, damn, you already halfway done.
Speaker 1: Cause he said, there's some speaking people who have asked
Speaker 1: him to speak, and he's always been like, oh no,
Speaker 1: I'm like, get your no less than five hundred, push
Speaker 1: for at least one thousand dollars, you know, but ask
Speaker 1: for maybe twenty twenty five hundred. See what they say.
Speaker 1: So he was already like, yo, okay, march down for
Speaker 1: five hundred, speaking down for fifteen hundred. Boom, Now we're
Speaker 1: at two thousand, other three thirty five hundred that you need, boy,
Speaker 1: you know, and so slowly but surely. You see how
Speaker 1: you go from I don't know what I do to
Speaker 1: boom boom boom boom boom boom boom, let's go. Well
Speaker 1: that was first ices in that When I was a kid.
Speaker 1: I'm like, do you remember that song? Boom boom boom,
Speaker 1: Let's go back to my room. So I was like
Speaker 1: in second grade anyway. But you see how you go
Speaker 1: quickly from like here, it's an actuable income plan that
Speaker 1: I can do today. Is that really helpful? Because then
Speaker 1: you can start assigning amount that you believe you can make.
Speaker 1: That's why asking yourself the question have I made money
Speaker 1: in this space before? Because then you can say if
Speaker 1: I was able to make two hundred, maybe I can
Speaker 1: make four. Or if my friend or someone who I
Speaker 1: saw do it, you know, I see that they if
Speaker 1: I can estimate they made about a thousand. Maybe I
Speaker 1: could do two thousand. You see what I mean. So
Speaker 1: I hope that was helpful. You know, I love me
Speaker 1: some personal finance, but I also love some business. So
Speaker 1: here's the thing. Here's the thing. When you started a friends,
Speaker 1: if you want me to mentor you, which you know
Speaker 1: you do? No, you no, you no, you know you do.
Speaker 1: I actually have a mentorship program called mymntor Tiffany dot com.
Speaker 1: We use this platform called Patreon, and it's twenty bucks
Speaker 1: a month. It's like two sixteen for the year, because
Speaker 1: I think you get like ten percent off if you
Speaker 1: pay for the year. And the benefit if you pay
Speaker 1: for the annual is when I come to your city.
Speaker 1: So whenever I go to a city, I try my
Speaker 1: best to have a mentee dinner with about twenty to
Speaker 1: twenty five women as much as a restaurant will allow,
Speaker 1: which usually they cap it at twenty five, and then
Speaker 1: we have dinner together and we get to like introduce
Speaker 1: ourselves to each other, share our businesses. I mean, it's
Speaker 1: just an amazing time. Like in Maryland it was about
Speaker 1: twenty two of us. It was awesome. But if you
Speaker 1: pay annually, I set aside the first half of the
Speaker 1: tickets for annual members to because it always sells out.
Speaker 1: I set aside the first half of the tickets that
Speaker 1: they get to buy first, and then I leave it
Speaker 1: like I open up to the rest of the mentees.
Speaker 1: That's the benefit of being an annual member. You get
Speaker 1: ten percent off and you get access to things before
Speaker 1: everybody else because it always always sells out. So yeah,
Speaker 1: if you want to join you on a twenty bucks
Speaker 1: a month, my mentor Tiffany dot com, I don't talk
Speaker 1: about personal finance there. Don't come there like I need.
Speaker 1: I have to live richer Academy dot com for that.
Speaker 1: If you want a personal finance you know courses. But
Speaker 1: my mentor Tiffany is really me mentoring you in business. Okay,
Speaker 1: So hopefully that was helpful. I know that was kind
Speaker 1: of around or word, but I just know that was
Speaker 1: really helpful for them, and you know, hopefully that was
Speaker 1: helpful for you. And I will see you at the
Speaker 1: next b a q a A b a q A
Speaker 1: wit to say the b a q A with Tiffany
Speaker 1: the b a q A see your next Friday. All right, bye, y'all,
Speaker 1: Hey ba fam. We could not do this show without
Speaker 1: your support or the support of our team behind the scenes.
Speaker 1: The brown Enviision podcast is produced by Imani Crosby and
Speaker 1: Dennis and Plinsky is our in house tech guru. I
Speaker 1: am your co host Mandy Woodrif Santos, and we will
Speaker 1: see y'all next week. Ba Fam