Speaker 1: It's time for the big a q a a b
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Speaker 1: a q a A. So if you have questions, we
Speaker 1: have answers, but be mindful that we're not your doctor,
Speaker 1: not your attorney, not your financial advisor, but your friend.
Speaker 1: So if you want to sue somebody else, choose your
Speaker 1: brother and them. Okay, So take a we say with
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Speaker 1: can go to Brannivision podcast dot com and click contact
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Speaker 1: be left anonymous, please give us a fake name. Make
Speaker 1: it fun, make it saucy, make it make it sexy
Speaker 1: even Okay, So we take questions about entrepreneurship, Corey, your
Speaker 1: business and money. Mandy, what are we doing this week? Mandy?
Speaker 2: We got some juicy career questions, which means I am
Speaker 2: so excited and should we just get right into it
Speaker 2: one of us or one of the first questions is
Speaker 2: fascinating about whether, like what happens if a company checks.
Speaker 1: Your credit report. We're wired, and.
Speaker 2: Our second question is is really about Oh no, that
Speaker 2: was the first, So our second questions about a transition,
Speaker 2: how to get out of education and start slash your
Speaker 2: own business and also a corporate job in health education.
Speaker 2: I feel like I did a really terrible job those
Speaker 2: questions itself.
Speaker 1: It's better than what Mandy made it out. Go ahead,
Speaker 1: go ahead, read the ques and we'll just get into
Speaker 1: the questions. Don't keep them. Love it is about watching
Speaker 1: Ryba fan. We're gonna take a quick break and we'll
Speaker 1: be right back.
Speaker 2: Okay, listen to twenty Let's do a question twenty five
Speaker 2: from AJ from Igo. If you want to.
Speaker 1: Read it, sure, AJ says, good morning, great ladies. I
Speaker 1: put the great part in first and foremost. I love
Speaker 1: your show. It gets so much information. It's fun and informative.
Speaker 1: She says, or he I'm writing with a listener letter.
Speaker 1: I'm in need of advice big time, she said. Address
Speaker 1: her as AJ. Okay, she said, I am so over
Speaker 1: the education field. I have worked as a health educator
Speaker 1: for the past three years, but I've also had education
Speaker 1: like jobs for an additional two years, waking up every
Speaker 1: day to go to work is a struggle. I often
Speaker 1: feel really miserable and tired you name it, thinking about
Speaker 1: it or going to it into work. I don't make
Speaker 1: as much as I would like, and I'm eager for
Speaker 1: more fulfilling, higher paying, and more creative job. Okay, the
Speaker 1: subject that she teach is often underppreciated and looked over
Speaker 1: by this age demographic. I have a nutrition business which
Speaker 1: doesn't make me as much money as I would like,
Speaker 1: definitely not enough to live on the moment in the moment,
Speaker 1: and I am a health and wellness educator. I've always
Speaker 1: dreamed of working a corporate wellness job or working in
Speaker 1: my nutrition business full time with other wellness initiatives. I
Speaker 1: want to change people's lives and help them become healthier
Speaker 1: and happier versions of themselves. Can you please give me
Speaker 1: some advice on transitioning out of the teaching profession and
Speaker 1: advice for pursuing corporate wellness, a corporate wellness job and
Speaker 1: pursuing her own business as a full time job. She
Speaker 1: needs to make this change for her own health and wellness.
Speaker 1: Thank you so much. Please keep up the amazing work
Speaker 1: a jay, she said, job she alvered these babies I'm
Speaker 1: assuming she's like in like the school system, school system
Speaker 1: soon I.
Speaker 2: Was wondering, but it could be like it could be
Speaker 2: in education too. Some maybe it's like a teacher of nutrition. Yeah,
Speaker 2: I think it's kind of ironic that she's struggling with
Speaker 2: her health because of a job.
Speaker 1: Where she teaches people about health.
Speaker 2: It's really bad for my health, but just goes to
Speaker 2: show you that, really, like burnout is real in any career. So,
Speaker 2: I mean, the first tip I have is this is
Speaker 2: one of the reasons why I say don't wait for
Speaker 2: your FU moment to make a career change, because the
Speaker 2: most difficult thing when you are in such a state
Speaker 2: of desperation, not desperation like I'll take anything, but desperation
Speaker 2: of like get me out of here, is that you
Speaker 2: sort of sometimes if you make decisions with that kind
Speaker 2: of energy behind it, you can often make knee jerk decisions,
Speaker 2: impulsive decisions that actually are not best for the long term. Also,
Speaker 2: you kind of carry that energy into your next thing.
Speaker 2: And there's been multiple times where I've been on a
Speaker 2: coaching call with a client and I've been like, you're
Speaker 2: asking me for the best advice because you're interviewing for
Speaker 2: this job, or you're trying to find a job, or
Speaker 2: you're you know, in the final round of interviews and
Speaker 2: they have an offer. But what is screaming in front
Speaker 2: of me is someone who needs a break to rejuvenate
Speaker 2: a little bit. So I just that came to mind
Speaker 2: because I'm like, when you're so stressed and so burnt
Speaker 2: out and then you try to bring that energy into
Speaker 2: a corporate job interview, especially in a field where it's competitive,
Speaker 2: you may have a bunch of other candidates, like that
Speaker 2: energy can work against you the other person in an interview.
Speaker 1: It's as much.
Speaker 2: About skills as it can be about the way they
Speaker 2: feel if they're speaking to you, and if they get
Speaker 2: a sense of like, especially if you're going to be
Speaker 2: in health education, I think they want probably someone who's
Speaker 2: excited about it and you know, bring in a certain
Speaker 2: new fresh energy to it. And unless you can really
Speaker 2: fix or start working on the mindset and start working
Speaker 2: on your energy around this and getting excited about it again,
Speaker 2: I think you will struggle to find a really great
Speaker 2: job in corporate And one of the things you can
Speaker 2: do to well, you have the most you have the
Speaker 2: best answer, but ask yourself, like what why did I
Speaker 2: get into this in the first place, and what is
Speaker 2: it about it that lights me up? And how can
Speaker 2: you get back to doing that? So it could be
Speaker 2: that the actual work itself you love, but the environment
Speaker 2: that you're in is awful. So can you do some
Speaker 2: you know, even your coaching practice, like just focusing on
Speaker 2: the coaching practice, maybe not focusing on it in a
Speaker 2: way that like I have to be making money.
Speaker 1: I need a business because.
Speaker 2: I got to get out of this corporate I gotta
Speaker 2: get out of this education field. But just kind of
Speaker 2: let it be fun, like just work with clients a
Speaker 2: little bit. It may sound counterintuitive and tifty, maybe like
Speaker 2: what kind of business It's not supposed to make money,
Speaker 2: But I feel like you need to rediscover your love
Speaker 2: and sparkle about this work. And either that's maybe taking
Speaker 2: a break or it's just by doing some work just
Speaker 2: for the pure love of it and really, yeah, focusing
Speaker 2: on why this is making you feel so great and
Speaker 2: reigniting that passion or excitement that you have for the field.
Speaker 1: Now, like when.
Speaker 2: It comes to corporate wellness job like that's totally possible.
Speaker 2: There are I mean, there are on the benefits teams,
Speaker 2: there's people who review health policies, there's people who manage
Speaker 2: employee health initiatives, and that is all completely possible. But
Speaker 2: you're also you're putting this big ore of working in
Speaker 2: my nutrition business full time. And that is where I
Speaker 2: feel like it's tricky because part of me is like, yes,
Speaker 2: another corporate position, I mean, a corporate position can be
Speaker 2: a good environment shift for you. But if you're also
Speaker 2: trying to launch a business at the same time, how
Speaker 2: it's going to make it even more difficult to focus
Speaker 2: on getting that corporate opportunity. And I'm just saying like
Speaker 2: it's a lot all at once. And this is one
Speaker 2: of those things where like when you're so desperate to
Speaker 2: like get out of something, you're like, I'm gonna do
Speaker 2: this and I'm gonna do that, and then it just
Speaker 2: becomes all muddled. Does that make sense? So like I
Speaker 2: would ask you, how, what is what does your next
Speaker 2: role like, what are the what are the needs that
Speaker 2: you have? You know, what are the goals that you
Speaker 2: have right now? And how can your next move take
Speaker 2: you in one of those goals directions? And just start there?
Speaker 2: And it may be that a corporate job is what
Speaker 2: you need, whether it's for benefits or for schedule, just financially,
Speaker 2: just to have a corporate job for a little bit
Speaker 2: longer while you continue focusing on your business. That may
Speaker 2: be the right path. And I would just say focus
Speaker 2: on that for now.
Speaker 1: I'm done. No, I mean, I say, hmm, I mean
Speaker 1: one you have. Stability is critical because nothing kills creativity
Speaker 1: like struggling to make sure you have enough to eat
Speaker 1: and like pay your bills with things like that. Right, So,
Speaker 1: whatever that looks like for you to create stability to
Speaker 1: Mandy's poor weather is staying where you are right now
Speaker 1: and building your business or finding a corporate job, getting
Speaker 1: settled there, getting in a good place there, and then
Speaker 1: starting your business. Whatever that looks like, you know, making
Speaker 1: sure that you are securing the stability component of your life,
Speaker 1: especially if you're going to start a business. And so
Speaker 1: you know, to Mandy's point, I wouldn't do both at
Speaker 1: the same time. You know, if it's like I have
Speaker 1: to get out of here, I'm drying, and then it's
Speaker 1: like okay, then find a job, get settled, then start
Speaker 1: a business or I can deal if I can get
Speaker 1: my business up and running well, then stay there where
Speaker 1: you are a little longer and you know, in between,
Speaker 1: in the meantime between time, then you start your business.
Speaker 1: So getting clear like so many women when they start businesses,
Speaker 1: they're not clear on like how will I make money?
Speaker 1: I know for the first four years I was like,
Speaker 1: I don't know, just be good, that's not how it works.
Speaker 1: I was like, Ea, when I'm that base ativity, Yeah,
Speaker 1: but what are you what are you actually in the
Speaker 1: business of? So getting clear like you know, I mean,
Speaker 1: you know you don't have much space in the IG message,
Speaker 1: but getting clear on if you are going to start
Speaker 1: a business, a nutritional business, what does that actually mean?
Speaker 1: Are you building nutritional plans for people? Are you going
Speaker 1: to start like a group a community where people can
Speaker 1: pay to like you know, are you going to be
Speaker 1: like working with If it was me, I wouldn't do
Speaker 1: this in conjunction with looking for a new job, to
Speaker 1: Manny's point, But you can have this running in the
Speaker 1: back of your head. So for me, if I have
Speaker 1: to work on something that I must do for security,
Speaker 1: I always reserve at least twenty to thirty percent to
Speaker 1: work on my big goal, my real goal at the
Speaker 1: back of my head. So I'll give you seventy percent
Speaker 1: safety and security. But thirty percent is for the goal
Speaker 1: I really want. So in the back of my head,
Speaker 1: I'd be thinking to myself, huh, can I start connecting
Speaker 1: with like personal trainers online that I can maybe create
Speaker 1: the nutritional component for them, you know, because most personal
Speaker 1: trainers they don't also have nutritional I mean, I'm assuming
Speaker 1: you have, like you like maybe you went to school
Speaker 1: for nutrition, your license or whatever. So I would start
Speaker 1: to reach out to people because then they can increase
Speaker 1: their services and you can get paid, you know, and
Speaker 1: so like I would be like thinking of, like, what
Speaker 1: what ways one of how can I monetize the nutrition business,
Speaker 1: and how can I do so where I don't have
Speaker 1: to work so hard. There are trainers out there. They
Speaker 1: they seem great. You're like, oh, they already have one
Speaker 1: hundred thousand followers. They seem to be doing great. Let
Speaker 1: me connect with them. I don't have to look for customers.
Speaker 1: They have the customer. I can say, girl, I do this,
Speaker 1: this and this, we could charge an extra hundred bucks
Speaker 1: a month for this, and then we could do a
Speaker 1: seventy thirty fifty to fifty sixty forty split these This
Speaker 1: is the kind of thinking that I'd be thinking on
Speaker 1: that side. But I first and foremost secure, like mine,
Speaker 1: I make enough money to pay my bills. If your
Speaker 1: current job does that, and you don't mind staying a
Speaker 1: little longer while growing your business. Great, If you hate
Speaker 1: it so much so that it's dragging you down, then
Speaker 1: find another job and then start to build the business.
Speaker 1: But these are the types of questions I want you
Speaker 1: be asking yourself in the background. That's what I'd be thinking,
Speaker 1: you know, Like I wouldn't just dip off and slide off.
Speaker 1: I'm like, no, no, no, let's make a plan for
Speaker 1: how am I going to make money? Because so many
Speaker 1: women don't have a hell do I money plan in place?
Speaker 2: And yeah, and I mean the making of having your
Speaker 2: own business, it's really tough to have the you know,
Speaker 2: to have It's one thing to know how to make
Speaker 2: the money, but it's like and then build consistency into it,
Speaker 2: especially with a business where you are the only like
Speaker 2: you are the things that you're selling, you know. So
Speaker 2: I mean, I'm just conservative in the in the approach
Speaker 2: of like, going all in on a business right now
Speaker 2: may not be the best bet for you, because you
Speaker 2: sound really like you want something different you're really struggling,
Speaker 2: like your mental health, you're your person, your physical health
Speaker 2: is in jeopardy. And you want a change in a business,
Speaker 2: is only going to be more stressed. Yeah, and yes,
Speaker 2: let's just keep it one hundred. And also like you
Speaker 2: also have high expectations for yourself. You talk about you're
Speaker 2: not making as much as you'd like to. You want
Speaker 2: something more fulfilling, higher paying, more creative. And when it's
Speaker 2: your own business, like it's just it can be isolating,
Speaker 2: it can be lonely. It's like Tiffany said, so brilliantly.
Speaker 2: I don't think i'd heard that before, but it's so
Speaker 2: true when you are financially stressed. Yes, creativity is really
Speaker 2: hard because it's hard to be free and open and
Speaker 2: big ideas and I can do anything, you know, So
Speaker 2: for you it could be about okay, like zoom back
Speaker 2: out a little bit and let's just say I don't
Speaker 2: have to do everything right now. Yes, she says she's
Speaker 2: only been doing this for three years plus two in education.
Speaker 2: So if you've only been working I'm just going to
Speaker 2: assume professionally for five years, you're like win in your
Speaker 2: mid twenties, mid to late twenties, it's okay. You know,
Speaker 2: what you've learned is the type of job you have
Speaker 2: now is not for you. But opportunities are totally out there,
Speaker 2: you know. I mean, I know I've worked with clients
Speaker 2: who are educators in hospital systems and they'll be in
Speaker 2: charge of the diabetes education program and they work with
Speaker 2: patients who are struggling with diabetes or work with people
Speaker 2: who have high blood pressure and educate them. And gosh,
Speaker 2: I mean even I was on the phone earlier today
Speaker 2: my dad's he had a big, big meeting about potentially
Speaker 2: getting some kind of organ transplant and and uh that
Speaker 2: the first like hour was an educational video you know,
Speaker 2: with with nutritional experts and the need for nutrition education
Speaker 2: so huge right now that I think there's opportunities that
Speaker 2: are just everywhere, you know, if you're if you look
Speaker 2: and you can think a little bit outside the box.
Speaker 2: But again, you need to find your excitement about it, yes,
Speaker 2: and figure out what you do love about it and
Speaker 2: focus on that, because that is what's going to be
Speaker 2: able to like give you the the magnetic energy to
Speaker 2: attract you know, the next right role for yourself in corporate.
Speaker 2: You're not going to go in there and be like, Oh,
Speaker 2: I didn't know that I was burnt out. No one
Speaker 2: was like the audience wasn't engaged, you know, like, come on,
Speaker 2: you're gonna want to bring a much more positive energy
Speaker 2: into your next your next role.
Speaker 1: Well aja we help that helps school guy whomever. Yeah,
Speaker 1: So we're gonna take a break and be right back
Speaker 1: with another interesting question.
Speaker 2: Al Riba fan, We are back with our second question
Speaker 2: from someone who like to remain anonymous, but has a
Speaker 2: really interesting question. They say, I love your podcast. Listen
Speaker 2: every week all caps, Okay, I believe you. Every week.
Speaker 2: I have a career question. I'm a contractor at a
Speaker 2: fortune five hundred bank. I had my first phone interview
Speaker 2: with a recruiter for a permanent position within the company
Speaker 2: this week. He mentioned background checks regarding credit. But my
Speaker 2: credit score. My credit scores are not great. They're in
Speaker 2: the high five hundreds, but almost six hundred and neither
Speaker 2: is my credit report. Do you ladies think they will
Speaker 2: reject me because of this? I am the top performer
Speaker 2: of the group of contractors that I was hired with,
Speaker 2: and I have a really good track record since beginning
Speaker 2: at the company. Since being at the company.
Speaker 1: The issue with.
Speaker 2: My credit report happened earlier in my twenties twenty through
Speaker 2: twenty four, but I'm much smarter now at twenty seven.
Speaker 2: Any advice and insight be greatly appreciated. I love you
Speaker 2: ladies like my own aunts.
Speaker 1: You know that's allowed. So if you you see you
Speaker 1: don't call her your young girl, so you could be
Speaker 1: your sister kind of thing. No, No, I don't mind,
Speaker 1: because you have a two in front of your number
Speaker 1: for me seven, you know, So I'm like, you know, man,
Speaker 1: you still got three in front of your number. So
Speaker 1: I have a four in front of my number. So
Speaker 1: if you have a two, I could be your auntie.
Speaker 1: If you have the three and a high did you
Speaker 1: after the three? I'm not your auntie. Sis not have
Speaker 1: five years older than you. You tried it, try again.
Speaker 1: We're sisters.
Speaker 2: She's this good thing, all right, So I'm gonna call
Speaker 2: you niece. Then hey me like where your aunties? You're niecy?
Speaker 1: Okay? Oh? Man? All right.
Speaker 2: So the first question I have was, let me google
Speaker 2: this again. Because credit checks and credit score checks are
Speaker 2: very different. It is my understanding that it's not it's
Speaker 2: not uncommon, especially in finance, until.
Speaker 1: They're talking a little bit in law too, in law.
Speaker 2: For in the typical background check for them to also
Speaker 2: look for, they're probably gonna do like a soft credit
Speaker 2: check of some kind. They probably will not be able
Speaker 2: to see your scores. I don't think that credit score
Speaker 2: is a part of that, but they may get some
Speaker 2: like baseline information about your credit history. And the first
Speaker 2: thing when she said in my twenties, I'm like, has
Speaker 2: it been seven years yet, because it'll fall off your credit.
Speaker 1: Girl, it was like three years ago. And they're like, oh,
Speaker 1: not yesterday.
Speaker 2: Yeah, I mean I don't I really don't know, like
Speaker 2: how detail it depends on how detailed the report is.
Speaker 2: Maybe I would ask, I mean you don't want to,
Speaker 2: like go ahead, And I don't think you should mention
Speaker 2: it because then there might be like, oh, she seems
Speaker 2: nervous about this. Looks really hard. But yeah, they I
Speaker 2: did have a friend who didn't get a job and
Speaker 2: part of that was the financial background check that was
Speaker 2: for a law firm. How Yeah, I don't know.
Speaker 1: I feel like you gotta let it happen.
Speaker 2: And if you do get rejected based on that, I
Speaker 2: think you'll know exactly why and that is really unfortunate.
Speaker 2: But you know, I would just focus on continuing to
Speaker 2: be really good at what you do and getting hired
Speaker 2: at a different you know company, or just staying as
Speaker 2: a contractor. And let this be like a huge Oh,
Speaker 2: I'm never going to forget how this financial behavior of mine,
Speaker 2: you know, lost me helped me put me in a
Speaker 2: position where I wasn't able to get a job that
Speaker 2: I was good at.
Speaker 1: May not may wanted to hear, but I yeah, because banks,
Speaker 1: you know you, I mean, you're working with money, and
Speaker 1: so it's not just banks. I mean I remember it
Speaker 1: was a woman who was working at a call center
Speaker 1: for like a trucking call center. She didn't get it
Speaker 1: because of her credit, my my mental my mentee at
Speaker 1: the time, she was just graduating in law school. She
Speaker 1: wasn't able to get a job because of her credit.
Speaker 1: Because they were looking because I guess whatever that job was.
Speaker 1: They felt like having poor credit would put you in
Speaker 1: position to maybe make decisions that weren't aligned with what
Speaker 1: the type of person they were looking for. And let's
Speaker 1: just say that you don't get this job. The good
Speaker 1: thing is credit is fixable, you know what I mean.
Speaker 1: And so, like to Mandy's point, I would let it
Speaker 1: play out and then for whatever reason they come back
Speaker 1: and they say, oh, your credit, then you can say, well,
Speaker 1: would I be able to be considered again in another
Speaker 1: six months? And then you work your behind off for
Speaker 1: six months to get your credit together. The good thing
Speaker 1: is you're very young. NCI twenty seven is a go.
Speaker 1: I'm just the baby right, very young, and so you know,
Speaker 1: so many of us made our mistakes. The Lord knows
Speaker 1: I have, and so you can use the next six
Speaker 1: to eight months to get your credit together and be
Speaker 1: considered again. What it sounds like is that one you know,
Speaker 1: you are already someone that they're considering. You're a top producer,
Speaker 1: you know, someone that they're considering for a job. So
Speaker 1: that's going to happen again. And the truth of the
Speaker 1: matter is sometimes this is the thing before the thing,
Speaker 1: that's what I call it, meaning that let's just say
Speaker 1: worst case here, or you don't get this job. Maybe
Speaker 1: you weren't supposed to get this job, this job was
Speaker 1: supposed to keep. But the gear to fixing this credit
Speaker 1: so that because a bigger job is coming that absolutely
Speaker 1: needs that credit. So this is the thing to get
Speaker 1: you ready for the actual thing, if that makes sense.
Speaker 1: In these you know so either way, let this be
Speaker 1: a I need to get my credit together. If you're
Speaker 1: not sure how where there's so many free credit tools.
Speaker 1: I have one, the Literature Challenge Credit Edition. It's free,
Speaker 1: go to LRC credit dot com. We say that's the
Speaker 1: leaving up because job in a while.
Speaker 2: When something's credit is that low in the five hundreds,
Speaker 2: you know, I think it's also going to matter, like
Speaker 2: what exactly is on your report? Is it a lot
Speaker 2: of delinquent debt? Is it older? Like is it you know,
Speaker 2: you're twenty seven now, if you have a few years
Speaker 2: of good, healthy credit behavior, maybe that will work in
Speaker 2: your favor. I think when companies pull your reports like this,
Speaker 2: they don't want to see tons of debt that you're
Speaker 2: currently in or like it's currently like badly badly delinquent
Speaker 2: like collections and even a bankruptcy. Have you ever foiled bankruptcy?
Speaker 1: Forclosures like that? You're looking for leans, I'm sure because
Speaker 1: they're looking for like would you make a really dumbest
Speaker 1: decision with our money because of the decision that you're in,
Speaker 1: meaning like like you know, maybe you know especially like
Speaker 1: let's just say tellers, right, you're like, yo, you're really
Speaker 1: running through money. So if you all of a sudden
Speaker 1: you get a call from your debt collector that says,
Speaker 1: pay this money or lose your house, you know, would
Speaker 1: you slip a twenty into your pocket? You know there's
Speaker 1: something you know like something like that, but also too,
Speaker 1: it's just making.
Speaker 2: You described or blackmailed based on your debt.
Speaker 1: Yes and so so Yeah, LRC credit is still available.
Speaker 1: It's free. It's our Liverature Challenge Credit edition is totally free,
Speaker 1: So you can sign up for that if you're wanting,
Speaker 1: I may walk you through. It's twenty two days, walks
Speaker 1: you through step by step fixing your credit for free.
Speaker 1: But yeah, that's what I would focus on. I would
Speaker 1: focus on so worst case scenario, if you don't get
Speaker 1: this job, will you still be able to be a
Speaker 1: contractor with them? So continue to do that, ask them
Speaker 1: if you can revisit in six eight months, you know,
Speaker 1: to and fix your credit. In the meantime, here's some
Speaker 1: things you can do to fix your credit. One, you
Speaker 1: have to make on time payments. If you haven't automated
Speaker 1: your like your your payments, do so. I like to
Speaker 1: have a separate bank account just for bills, you know,
Speaker 1: So that way, all of my payments can come out
Speaker 1: of that bill's account. So I have two checking accounts,
Speaker 1: one for like where I swipe my debit card and
Speaker 1: spending and things like that, and then one just for bills.
Speaker 1: And I don't attach a debit card. You can literally
Speaker 1: detach a debit card from that bill's account, so you
Speaker 1: can't accidentally swipe away your bill money. Two, paying off
Speaker 1: a debt in full every month is really helpful. And
Speaker 1: so I like to get a credit card that already
Speaker 1: has a zero balance. So if you don't have one,
Speaker 1: you can totally open one up. Because your credit is
Speaker 1: not for girls. You can look for a secured credit card,
Speaker 1: you know to do this with. So secured credit card
Speaker 1: is a credit card with training wheels. And you could
Speaker 1: get secure credit card from the lowest of the low
Speaker 1: and like three hundred dollars typically a wards of six
Speaker 1: hundred dollars. Is that that's not what you pay for it,
Speaker 1: but that's the money that you give the bank. The
Speaker 1: bank puts it in a savings account or money and
Speaker 1: market account for you and says that's your limit. So
Speaker 1: when you have your card, you know you can't spend
Speaker 1: over six hundred dollars because they feel comfortable and having
Speaker 1: because normally when you swipe a card, you're borrowing from
Speaker 1: the bank. But if they have your security deposit, they
Speaker 1: know worst case scenario, if niece doesn't pay us back,
Speaker 1: we'll just use the money from her bank account. Another
Speaker 1: great tool. Another great tool to raise your credit score,
Speaker 1: because they're going to look to see your credit score
Speaker 1: is also based upon what kind of debt how have
Speaker 1: you properly managed. So one is called revolving debt, which
Speaker 1: is credit cards, and one is called installment loans, which
Speaker 1: is like your mortgage or car no student loans. And
Speaker 1: the way one tool you can use for that is
Speaker 1: this company called Self like me myself and I'm and
Speaker 1: I like self because the way Self work or it's
Speaker 1: called a credit builder loan. You don't have to use
Speaker 1: Self if you have a credit union. Oftentimes they have
Speaker 1: credit builder loans as well.
Speaker 2: My dad used one of those. I was going to
Speaker 2: say credit builder loans.
Speaker 1: Yes, So credit builder loan, personal loan, yes. And so
Speaker 1: what I like about credit builder loans and like Self
Speaker 1: does this, but like credit unions do this too, is
Speaker 1: that is I call it like the fake out loan.
Speaker 1: You go to like a credit union or or like
Speaker 1: a self right and say hey, I want to quote
Speaker 1: unquote borrow money, and they will say you take the
Speaker 1: least amount of money possible. I think for self it's
Speaker 1: like five hundred bucks. And they actually say I will
Speaker 1: loan you nice five hundred dollars, but they don't give
Speaker 1: it to you. Instead, they put that five hundred dollars
Speaker 1: in a in a savings account for you, and every
Speaker 1: month you pay them back like you really borrow the money.
Speaker 1: And at the end of the year they give you
Speaker 1: back your money because you never they never actually gave
Speaker 1: it to you, you know, didn't you borrow it, but
Speaker 1: you didn't receive it. They give you back the money
Speaker 1: that you paid plus the interest. And so now it
Speaker 1: looks like, oh my gosh, like Niice, you know, went
Speaker 1: a whole full year of paying down and offer and
Speaker 1: paying down and off a loan. And so that is
Speaker 1: one way to raise your credit on the installment loan side,
Speaker 1: and one raise. One waid to raise your credit on
Speaker 1: the revolving debt side is to get one of those,
Speaker 1: like I said, a secured credit card and then pay
Speaker 1: it off every month in full. Put one small bill
Speaker 1: on it that secure credit card is to stay home.
Speaker 1: You're gonna put your gym membership, your Netflix membership, your
Speaker 1: Spotify membership, just one thing that's under twenty five dollars
Speaker 1: ideally under fifty the most, right, just because I want
Speaker 1: you to use it as little as possible. And then
Speaker 1: you're gonna have your online where you're gonna have your
Speaker 1: bill's account, like I told you, your separate checking account.
Speaker 1: Pay that credit card off in full every single month.
Speaker 1: So the card is going to be charged every month.
Speaker 1: It's going to be paid off every month, and it's
Speaker 1: going to look like, Wow, not only is niece paying
Speaker 1: off her credit card every month that's revolving. That looks
Speaker 1: so good. Niece is also paying down an installment loan
Speaker 1: every month. That looks really good. You do those two
Speaker 1: things together, niece, six to eight months, your credit card
Speaker 1: is going to look cuter than you and you know,
Speaker 1: hopefully you'll be able to apply for that job or
Speaker 1: something else.
Speaker 2: Again, Okay, you think that you should do that before
Speaker 2: the background check?
Speaker 1: Like do you?
Speaker 2: I'm just wondering playing Devil's advocate, Like if they see
Speaker 2: a new loan, will that raise like some kind of
Speaker 2: red flag on the employer side.
Speaker 1: Well, what I like about self. I don't know this
Speaker 1: about other credit build and loans, but what I like
Speaker 1: about self is that they don't it doesn't give a
Speaker 1: ding on your credit report because no, no, that's not true.
Speaker 1: What about so huh. I'm trying to remember if that's
Speaker 1: why I liked about it. I can't remember if self,
Speaker 1: because I didn't have you borrow money goes on your
Speaker 1: credit report, I still would. I don't because I don't
Speaker 1: think that having like a five hundred dollars credit builder
Speaker 1: loan is going to be like what are you doing?
Speaker 1: You know what I mean? Like I you know, I
Speaker 1: I would do at least one of them. I don't think,
Speaker 1: you know, I mean they're looking now, so you know,
Speaker 1: I don't think that that's going to be a big deal. Yeah. So,
Speaker 1: and I don't think getting a secured credit card for
Speaker 1: three hundred dollars is going to be like the make
Speaker 1: or break. It's if you were buying a home. I'd
Speaker 1: be a girl, don't touch anything, but you're not.
Speaker 2: Yeah yeah, yeah, yeah, yeah, that's a good point.
Speaker 1: Yeah. So the sooner you start, the better niece, and
Speaker 1: then you know, now you know better you could do
Speaker 1: better and that way you. You know, the thing about
Speaker 1: credit is that like it's like you need to know
Speaker 1: me before you need me. Let this be a warning
Speaker 1: to all y'all here looking for jobs, get your credit together,
Speaker 1: because you never know what people are gonna what job
Speaker 1: is going to be looking at your credit in order
Speaker 1: to hire you, So you want to already have that
Speaker 1: strong and have to think about it.
Speaker 2: I love you know how it feels when you go
Speaker 2: to someone who you really love and admire and you
Speaker 2: go to them and you fess up to something that
Speaker 2: you've done wrong and they just don't make you feel
Speaker 2: like shit about it. I just love that she came
Speaker 2: to us with like this because like, as your cool aunts,
Speaker 2: I feel like we can hear you, and like we
Speaker 2: don't like, obviously you know you did wrong and all that,
Speaker 2: but we're still going to like, here's a seat at
Speaker 2: the table, let's pour your glass of wine, let's talk
Speaker 2: about what we can do moving forward.
Speaker 1: And yeah, because girl, we have been there, been there,
Speaker 1: done that. Girl messed up my whole life with credit,
Speaker 1: and we here to tell the tale, honey, So not
Speaker 1: to judge.
Speaker 2: You know, you got a few years. Just keep keep
Speaker 2: on the straight and narrow. Okay, you got a few
Speaker 2: years and all that bad behavior will just fall off.
Speaker 1: It's seven years.
Speaker 2: It does kind of fly by sometimes speaking of someone
Speaker 2: account we.
Speaker 1: Weren't just like we didn't even shout her out, Like
Speaker 1: the fact is girl, niece, what does she say, I'm
Speaker 1: the top performer of the group of contractors that I
Speaker 1: was hard with, Niece? We forgot girl. Yes, you're that girl. Okay,
Speaker 1: Like so that, I promise you, being the top performer
Speaker 1: at a fortune five hundred bank is much harder than
Speaker 1: fixing you a little bit of credit score. Okay, you
Speaker 1: have all the skills necessary. So we want to applaud
Speaker 1: you for being that girl. Okay, so we want you
Speaker 1: to be that girl with that job.
Speaker 2: Look, I want an update, okay, Nie, Yes, we need
Speaker 2: an update. Let us know how things go slide back
Speaker 2: And for our DMS NBA fan, if you would like
Speaker 2: to have your question answered by your favorite financial aunties,
Speaker 2: please dm us on ig. We are at Brand Ambition Podcast.
Speaker 2: You can also hit us up on gmail. Brand Ambison
Speaker 2: Podcast at gmail dot com and we can't wait to
Speaker 2: get more of y'all's questions.
Speaker 1: Yes until next week, y'all share, Oh yeah, share the well,
Speaker 1: if you know this was a good episode, don't play yourself.
Speaker 1: Go ahead and she had the sample. Oh and Kendrick lamar.
Speaker 2: One we oh won the beef battle. Bro I didn't
Speaker 2: listened to a single disc track, but I have been
Speaker 2: listening to the discord and I have nothing to say
Speaker 2: on that matter.
Speaker 1: Bye, b a fan, Bye,